Six more houses in the Outer Banks have collapsed as Hurricanes Humberto and Imelda rumbled in the Atlantic. All were unoccupied. https://wapo.st/42iGmFE

No one outside the U.S. is confused and no one here would be confused if they saw this happening in another country.

Troops. In an American city. Using full force. Your now-regular reminder that Republican members of Congress are letting this happen.

Talk Of Fascism Dangerous, Warns Ministry Of Compliance

Kimmel: "The President of the United States made it very clear he wants to see me and the hundreds of people who work here fired from our jobs. Our leader celebrates Americans losing their livelihoods because he cannot take a joke."

In a UN speech today, President Trump said that "all of these [climate] predictions were wrong". Back in 2019 I led a research effort to digitize old climate model projections and assess how well they did. Turns out they got future warming pretty spot on!

The federal government has censored the work of dozens of scientists, including work by my lab, on the impacts of climate change on Acadia National Park. Signs have been removed from Cadillac and Great Meadow. They’re also removing signs about the Wabanaki’s sacred connections to Cadillac.

Stephen Miran has outlined his case for massive rate cuts. The logic is utterly tortured—and bizarre. One explanation: He’s the president’s messenger. Another: He thinks his career benefits from flattering power. A third: He’s inhaled too many White House talking points. None inspire confidence.

Alright here we go: You Love America. I started writing this last year; it had this same title last year; depressingly little had to be changed for it to fit in to this moment. open.substack.com/pub/rottenan...

Hello Friends. I am ecstatic to announce that I have reacquired the entire Spontaneanation catalogue and effective immediately you can find every episode wherever you get your podcasts. Don’t get drunk and fight each other.

#BLS has delayed the 2024 Consumer Expenditures Survey annual release. This is likely due to the severe understaffing in the agency. Staff losses and hiring freeze are taking their toll. www.bls.gov/cex/notices/... #econsky

The Fed’s outlook for GDP growth isn’t very optimistic — below 2% for the next 3 years. My @morningjoe-msnbc.bsky.social Chart

Key chart www.bloomberg.com/news/article...

“The top 10% of U.S. households now account for nearly half of all consumer spending, a record high since data collection on this metric began in 1989.” @weisenthal.bsky.social @mikezaccardi.bsky.social

Hey, #EconSky! Got a policy-relevant paper that you want folks in DC to see? Present & publish it with NBER's Environmental and Energy Policy and the Economy. Submission deadline is Oct 20. Conference is in DC on May 21, 2026. More details below. conference.nber.org/confsubmit/b...

ProPublica finds three Trump cabinet secretaries have more than one "primary residence" mortgages. www.propublica.org/article/trum...

A thought experiment. What if the world's climate policy for the next few years was: flood the planet with cheap or free solar panels? billmckibben.substack.com/p/a-modest-p...

Just received this statement from Lisa Cook: "President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."

2 things to scream into the abyss re Governor Cook 1) to those who have been stressing legal constraints on Trump re Powell: Trump can create chaos without clear legal authority & without any process. 2) please don’t say - oh this will get really bad if he nominates x or y. It is really bad now.

“This is about the President of the United States and his complicit lackey, Stephen Miller, searching for ways to lay the groundwork to circumvent our democracy, militarize our cities, and end elections.” – Gov. J.B. Pritzker

If you think the attack on the Fed's Lisa Cook has nothing to do with you, you're wrong — any one of us may be next paulkrugman.substack.com/p/we-are-all...

Walz says Harris "would have been a fantastic president... we wouldn't wake up every day to a bunch of shit on TV. We would wake up to an adult w/ compassion & dignity doing the work, not a manchild crying about whatever is wrong with him. May his fat ankles find something today. Petty as hell."

I'm hoping the transparently disgusting deal made between Epstein's old best friend and his most notorious accomplice is obvious to everyone here.

BREAKING: A new experiment in Philly shows cash rental assistance slashed homelessness rates by 57–67%.

The U.S. has enjoyed a decades-long economic advantage thanks to its reputation as the safest place in the world for investors to put their money and for entrepreneurs to build their businesses. President Trump may be chipping away at that advantage. www.nytimes.com/2025/08/22/b... #EconSky

New job ad: Assistant Professor of Quantitative Social Science, Dartmouth College apply.interfolio.com/172357 Please share with your networks. I am the search chair and happy to answer questions!

My crack insurance team is out with new visualizations of the recent California FAIR plan data release. The picture is not pretty. This data release covers the period from September of 2024 to June of 2025. Think of it as the first look into the post-LA Wildfire insurance environment.

We have a flood insurance problem in the US. Here's a look at county-level National Flood Insurance Program (NFIP) take-up (left) and the total number of active NFIP policies (right). 76% of NFIP active policies are in coastal counties. Florida, Texas, and Louisiana: 61% of all US NFIP policies

I'm not sure anything will ever illustrate the state of The Discourse quite as well as Stephen Moore misreading his own pie chart while opining about the state of our national statistics.

Interesting findings from @cselmendorf.bsky.social, Nall, and @stano.bsky.social in JEP. There is a widespread lack of understanding on how supply of housing affects housing costs, even while the same survey respondents understand other supply-cost relationships pubs.aeaweb.org/doi/pdfplus/...

I don’t think I have ever publicly criticized any Presidential nominee before. But E.J. Antoni is completely unqualified to be BLS Commissioner. He is an extreme partisan and does not have any relevant expertise. He would be a break from decades of nonpartisan technocrats.

President Trump is imitating the Chinese Communist Party by extending political control ever deeper into the economy, Greg Ip writes.

"Private equity is causing the housing crisis" is a very common take that mixes up cause and effect. Single-family homes are an attractive investment vehicle for private equity because there's a shortage of them, not the other way around.

Cat models are *not* forward-looking predictive models. They represent *near-present* risk They are explicitly *not* assessing future wildfire risk. This is routinely misreported, and it means that everything we're seeing in CA now? It only includes the climate change that has happened *so far*

Trump’s Big Beautiful Bill works directly against his dream of rock-bottom interest rates. The CBO just estimated that it’ll raise interest rates and therefore, borrowing costs by $718 billion over the next decade. www.politico.com/news/2025/08...

“.. This is the kind of thing you would only expect to see in a banana republic,” Ms. Yellen said. @bencasselman.bsky.social www.nytimes.com/2025/08/03/b...

“.. he argued that Americans could avoid tariffs by buying cars made in America. But it is well documented that when the price of an imported item goes up, domestic producers are then free to increase their own prices — and often will.” @steverattner.bsky.social www.nytimes.com/2025/08/04/o...

Unquestionably the most dangerous and corrupt attack on the independence of US economic data in American history. Trump is firing the head of the BLS, a longtime civil servant confirmed 86-8 by the Senate, simply because the job numbers came in below his expectations today

$200 million is enough to provide a year of Housing Choice Vouchers to about 13,000 low-income American families, enabling them to pay their rent & preventing homelessness. President Trump's 2026 budget proposes slashing housing assistance programs by 44%.

I feel incredibly lucky to have had Barry Bosworth and Gary Burtless as mentors at Brookings. Committed to understanding the world through rigorous data-driven research. Intellectually honest, generous, and endlessly curious. A rare breed and I had two. www.brookings.edu/articles/in-...

It’s been five days since floods in Texas killed at least 111 people and FEMA’s Acting Administrator David Richardson still hasn’t made a single public or internal statement.

Climate-driven financial chaos is likely to be more menacing than past financial crashes, including that of 2008. “This type of climate risk is not cyclical. It’s heading in one direction,” says @benkeys.bsky.social, professor of real estate and finance at Wharton School, University of Pennsylvania

"In Philadelphia, heat waves averaged 2.2 in the late 1980s. Now, we have on average, 4.4." www.inquirer.com/weather/inq2...

We've made an interactive map with data US Treasury collected that shows at the ZIP code level for 2018-2022 what US homeowners paid for insurance, what % of policies weren't renewed, and more. @brookings.edu Hutchins Center. www.brookings.edu/articles/hom...

An accessible summary of my recent research on housing, climate risk, and insurance: www.nber.org/reporter/202...

The Trump administration has ordered the closure of 25 USGS scientific centers that monitor US waters for flooding and drought, and manage water supplies to ensure communities around the country don’t run out of #water. www.theguardian.com/us-news/2025...

I've said it a million times, a million different ways: in a socio-political system that has no mechanism for restraining or punishing liars, people are gonna lie a lot. It's rational to do so!

"I personally was pretty surprised, actually, at how efficient the government was," said former DOGE engineer Sahil Lavingia www.npr.org/2025/06/02/n...