The pace at which US wealth concentration is rising is simply staggering The concentration of AI wealth into the hands of a few tech barons + plutocratic capture ==> unchartered territory

Another happy six hours in my least favourite room of the house.

It’s possible that some of these people may have taken it a bit too far.

Given the amount of briefing against Miliband in the RW media, they must view him as a serious threat. No wonder The Times is praising McSweeney's political acumen, since he's managed to undermine Labour support and agitated for Miliband to be moved.

You *what*, @thejerusalempost.bsky.social? Aside from anything else, have you stopped to consider the implications of the phrase “globalist elites”?

I have a new piece out today in Phenomenal World, on the economics of a freeze in NYC regulated rents. www.phenomenalworld.org/analysis/aft...

"More than 2,780 people have since been arrested for expressing support for the group, according to campaign group Defend Our Juries." Seems like a huge waste of time! www.ft.com/content/ed06...

📅 Deadline approaching: Call for Applications 📢 We are organizing the 10th Summer School "Keynesian Macroeconomics and European Economic Policies". From 24th - 29th August 2026 in Berlin Deadline for applications: 28th February 2026 Website and application: www.imk-boeckler.de/de/aktuelle-... /1

UK institutional checks and balances: still functional.

The High Court has ruled that the banning of Palestine Action was unlawful. Bart Cammaerts of @lsemedia.bsky.social previously argued that the ban risked feeding radicalisation and distrust in democracy. blogs.lse.ac.uk/politicsandp...

if I were in charge I would simply overcome the capitalist law of value

I think Farmer's stuff is interesting but it's a bit frustrating that it's always presented in negative terms -- 'not mainstream' economics. If the new stuff Farmer and co. are doing is doing is innovative and useful, lead with that surely? www.theguardian.com/environment/...

A 2.7% quarterly drop in business investment is not encouraging. Clear signs of demand weakness emerging. Fiscal loosening looks warranted.

How’s the bluesky hangover?

We have reached the stage of markets trying to price AI diffusion - which is the best case scenario for the tech - and it turns out that they think it eats business models of a lot of incumbents and/or it hurts labor demand. It's creating a lot of sectoral vol that is disruptive to a sustained rally

sigh

That's good to know

This looks interesting.

Exclusive: OpenAI fired executive Ryan Beiermeister in January, citing sexual discrimination, after she opposed the planned AI erotica feature in ChatGPT, sources said.

Vaguely formed hypothesis: the crypto ‘correction’ and the maturing of agentic AI are connected. At least part of the crypto thing was under-engaged tech people looking for something to do with their time. Now they’ve got Moltbook to play with, crypto has gone back in the toy box.

On the hellish detention and deportation system built by EU countries. With quotes from the current and the former German chancellors expressing their commitment to the inhumane cruelty of this apparatus, described here in forensic detail.

We’ve got the destruction part — knocking out marginal businesses — but without sufficient demand the new jobs won’t be created. And, increasingly, aggregate demand looks to be weakening.

Anthropic's head of safety just resigned. Most likely a protest against the company's pivot to working with Palantir and Gulf Arab states. The "don't be evil" stage gets shorter. (I still think Anthropic is the most morally run of the AI corps but it's like cherrypicking rooms on fire.)

Love this. “You always feel good when you see a nice tree, don't you? And all the birds and the wildlife and everything else that comes with it. And I'll be able to bring my kids along and say, 'Oh look, Dad planted that tree' and it'll be really nice."

Woof - record demand today at an auction of conventional gilts. Investors placed bids worth 3.94 times the £3.75 billion pounds of gilts due in 2031 offered today. Highest such ratio since Debt Management Office records began in 1998. DMO staff said to be considering half pint of shandy at lunch.

Adverts arrive on ChatGTP openai.com/index/testin...

tag yourself

🚨Japan LLC has been trading its way out of a fiscal hole www.ft.com/content/f7d3...

There are a lot of Labour crises going on right now, but this is an important thread on the honesty of a key Starmer minister’s response to allegations of paying a PR firm to investigate journalists.

"Journalism largely consists in saying 'Tim Allan has resigned' to people who never knew Tim Allan was employed" - GK Chesterton

Love this.

Great chart from IEA of changes in electricity production by region in 2025.

🎙️ IFS Senior Research Economist Kate Ogden spoke to @lewisgoodall.com for a special @newsagents.bsky.social episode on how the terms of Plan 2 student loans have changed over time and how this has affected repayments. 📺 Listen here: youtu.be/DwRqHN3nWuA?...

Corollary is that it is a mistake to demand that any new administration immediately identify where it will make cuts in order to pacify the markets. The calls will come -- they should be resisted.

A software engineer explains AI fatigue, compounded by a FOMO treadmill of using labs' latest tools, thinking atrophy, and more, alongside boosted productivity (Siddhant Khare) Main Link | Techmeme Permalink

Since Labour has been in government the lack of preparation and depth of thinking has been apparent but I think one of the biggest mistakes was going to war with the PLP so early. It stunned a lot of MPs to be told they could not even table amendments. This resentment is a massive part of the story.

This talk of machine learning for classification reminds me. You know that Frey and Osborne paper? The early “Will the robots take the jobs” with the cool graph everybody cites? Have you ever wondered how they generated the results?

mashallah he is gone, to celebrate I've made the piece I wrote last year about arguably the most embarrassing project I've ever worked on free to read: youngvulgarian.substack.com/p/so-about-t...

A funny thing that the use of AI-generated em dashes has clued a lot of people into the value of the em dash and caused its human frequency to go up too

"Full speed ahead to uber-woke, net-zeroist rejoinerism" is the funniest thing a Labour MP has said for some time I'll give it that. It's like a Jordan Peterson quote about Elmo.

Stay classy, lads...

The more I think about this problem, the more it seems like one of those fundamental Marxist contradictions — and it’s going to generalise. Coding is just the canary in the coalmine.

Even the bond vigilantes don’t like the fiscal rules.

👉🏼“NSA detected phone call between foreign intelligence and a person close to Trump Whistleblower says that Tulsi Gabbard blocked agency from sharing report and delivered it to White House chief of staff” www.theguardian.com/us-news/2026...

New on FT website: Downing Street has refused to say whether Sir Keir Starmer knew Palantir was a client of Peter Mandelson’s lobbying firm when they both visited the company in Washington last February — ahead of it winning a £240mn UK government contract. www.ft.com/content/5bba...

Really pulling out all the stops. I’m not sure people are in the mood for it.

A lot of books have been written about the Syrian war, but Robin’s earlier book, Burning Country, is still one of the best books I’ve read on the topic. The subject of this next one is, in a way, surreal. Excited to read it.

The Today programme gave us a closing lecture just now on the risks of even the teeniest turn to the left in post Starmer world. Mandelson rightwing politics good, Mandelson ethics a bit dodgy, we are instructed. Bond apocalypse armageddon will strike, we learn...

Hold on, as part of the Mandelson debacle, we just found out the hollowness of the “bond vigilante” narrative — Mandelson and Dimon against Darling, remember? Don’t try and pull this one on us now.

Exclusive: Cabinet Office minister Josh Simons was provided with intelligence files gathered on journalists (including me) who had reported on Labour Together, the thinktank he chaired at the time (before he became an MP), sources say. Know more about this story? Contact me, Signal: henrydyer.01