This is a very important trend which precedes the current AI boom -- the declining labour share of income & conversely the increased capital share www.wsj.com/economy/jobs...

By @bondhack.ft.com, a journey deep into the Epstein files to figure out whether he was the CDO whale or a mark. as.ft.com/r/8eaf07ad-d...

This is a staggering graph -- Russian war losses are enormous and growing, with a strong correlation between region share of casulaties and residents below poverty line as.ft.com/r/6b135433-f...

British values

the FT had by Saturday night broken two stories showing that the Mandelsons had taken over $100,000 from the world’s most famous paedophile by Monday we were all writing various stories about him leaking sensitive state secrets to Epstein they could have easily pulled this puff piece in time

Electoral meddling incoming -- EU and Canada need to be prepared! as.ft.com/r/cbbfc0e4-b...

This is a great chart by the @economist.com summing up Kevin Warsh using LLMs and over 200 speeches/op-eds. I did a similar exercise showing same result (Warsh v FOMC) but with less data www.economist.com/finance-and-...

Trump's golden age in full swing www.ft.com/content/8f6d...

New podcast alert! For this week's edition of The Economics Show, I interviewed Tyler Cowen on the economics of food, though the conversation ended up a bit broader than that. Links to listen here: www.ft.com/content/4c85...

The table which says so much about Epstein and his social network as.ft.com/r/8b7dfff1-8... Inside Jeffrey Epstein’s social Ponzi scheme

Edward Luce | The Epstein rot goes deep ft.trib.al/4LDd203 #FTEdit

Given Trump's history with Epstein (and Lutnick and others), isn't Mandelson perversely the exact right choice as ambassador to this US?? www.ft.com/content/e4f5...

exactly. this is not difficult. as.ft.com/r/58ed1b23-d...

Among all the other news, there’s also Trump suing his own government for $10bn … will he order his government to settle? www.washingtonpost.com/politics/202...

🇰🇷 Trump’s tariff threat barely registered in Korean markets Despite Trump saying he’d raise tariffs on South Korea to 25% over delays to a trade deal, the Kospi hit a record high and logged its biggest daily gain in three weeks Markets seem increasingly unfazed by the rhetoric

🇰🇷 Korean automakers slip after Trump threatens 25% tariffs on South Korea Hyundai fell as much as 4.8% in early trading, but overall the reaction’s been pretty muted. It appears that Trump's pronouncements may no longer pack the same punch. Even the Kospi index is up FT www.ft.com/content/9982...

My Trade Secrets today. Mark Carney’s speech: nice truth bomb even if not totally original. But the middle powers finding a new way to run the world requires a massive shift in political will which Carney’s Canada itself has had trouble making.

Trump: "Canada gets a lot of freebies from us. They should be grateful but they're not. He watched your prime minister yesterday. He wasn't so grateful. But they should be grateful to us. Canada. Canada lives because of the United States. Remember that, Mark, next time you make your statements"

so windmills cause lower birth rates?

sure, no one is taking the piss out of you any more

I think part of the reason everyone is so blown away by this Carney speech is it's so long since we heard an actual grown-up articulate serious thoughts about the world. Empty vessels have been making a lot of noise

Canada starts preparing for guerilla warfare, just in case www.theglobeandmail.com/politics/art...

Mark Carney's speech really is terrific: full text is here and very much worth your time.

International rules based order collapsing and its Macron giving a speech like this - inexplicably wearing sunglasses - that has truly sent me over the edge

Life comes at you fast.

Unhinged

Went to check if this screenshot (posted by @aric.bsky.social) was real (it is) and then made the mistake of also scrolling through Grok's replies on X. Still constantly cranking out sexualised images of young girls. Beyond bleak.

🇻🇪 🇺🇸 One user on Polymarket made more than $400,000 betting that Maduro would be out by January 31, 2026, building a roughly $32,500 position while the contract was trading at around 7 cents

amazing how the entire machine can pivot within 24 hours. no need to slowly upsell the argument; just issue new marching orders

The guy who put a 19 year old named Big Balls in charge of gutting key government services: “experience matters when lives are at stake”

Made a chart…in case you needed one to show you that the president posts entirely too much. Data scraped from truth social.

Very interesting to see all of them laid out. I made a version from this data when he went on his posting spree at the beginning of the month. I concur - he posts too much. #dataviz

In late 2020 a Chinese man called Guan Heng travelled to Xinjiang with our BuzzFeed map of detention facilities to provide ground truth for our work - he provided the first corroborating evidence for many sites. He escaped to the US - then ICE detained him. www.wsj.com/world/china/...

Good morning and welcome to your FT Weekend highlight giftlink thread. We start with this fantastic essay by Tim Wu, one of the big brains of web 1.0, cautioning that Silicon valley may be winning the AI battle to lose the bigger economic war to China as.ft.com/r/83deb81e-3...

ICE says it is pursuing “the worst of the worst,” but its own data shows that two-thirds of those arrested have no criminal convictions Scary in-depth report here on the ICE surveillance constellation ig.ft.com/us-ice-surve...

NEW: The Trump administration has argued that Fed board member Lisa Cook may have committed mortgage fraud by declaring more than one primary residence on her loans. We found that Trump once did the very thing he claimed could be a crime.

So what's the outcome? 2️⃣5️⃣ of the 27 Commissioners have posted in the last week 2️⃣4️⃣ of the 27 generally post every week (Albuquerque has never been on X, Ribera is sporadic, McGrath has somehow stopped) 0️⃣ have stopped as a result of what Twitter has become since the Musk takeover

I think if i won the under-14 title for the British Women’s Chess Association (BWCA) Girls Championship, you would probably hear me say quite a bit i was the champion. The Telegraph's own chess correspondent points out here why Reeves's is quite right to do so www.telegraph.co.uk/politics/202...

Twitter pays people based on engagement (views, retweets, comments, etc). It appears that many MAGA accounts are based abroad and they use AI technology to generate low-effort rage bait. My guess is that this will get worse as AI tech improves. For instance, fake videos of minorities doing crime.

We won a prize last night for best essay! Based on our work using the FT's archive to develop an economic sentiment index (what we have called the 'macro mood') Essay will be live shortly, amalgamation of a few articles. Some details here: on.ft.com/4n2TVBq

"What is certain, and felt instinctively by almost everybody, is that things cannot go on in their present way" – The Times, May 1975 “It is difficult to imagine a previous period when such an all-pervasive hopelessness was exhibited at all levels of British life” – Professor Stephen Haseler, 1975

The BBC will fuck things up from time to time. Lots of major news organisations do; just look at The Times having to memoryhole several fake news stories in a matter of weeks. No one is calling for the abolition of The Times, however. www.theguardian.com/us-news/2025...

How ever since Labour came to power, the British media has started to notice a whole series of problems they spent the previous 14 years completely ignoring www.adambienkov.co.uk/p/the-great-...

When deception’s more profitable than honesty, users lose. Internal documents suggest that Meta earns $3.5B(!) every 6 mo. from scam ads, revealing a deeper systemic problem: the economic incentive to tolerate “higher legal risk” content still outweighs any penalty. www.reuters.com/investigatio...

Summing up Trump authoritarianism in one figure on.ft.com/3Xf3EZM

📢 I interviewed Thomas Piketty for the Financial Times 📢 We covered a lot of ground including populism (a term he despises), fiscal debt and the long-term trend of economic equality The full interview 👉 on.ft.com/4nFLyLk

Thomas Piketty in the FT! - fascinating Q&A exchange here with @joelsuss.ft.com www.ft.com/content/860f...

Also remarkable: the polarisation of young UK voters. Top two parties supported now Reform and Greens on.ft.com/4qKurLm Young Britons’ attitudes hardening on crime and welfare

Remarkable and surprising data on hardening attitudes towards welfare recipients in UK, especially among younger cohorts. Why now? on.ft.com/4qKurLm

1. Binance founder pardon after enriching Trump family 2. DT Jr. enmeshed in firms getting DOD contracts 3. Trump trying to extract $230 million for himself from DOJ