Scott Lincicome
@scottlincicome
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@CatoInstitute Vice President (Econ/Trade), @DukeLaw adjunct, @TheDispatch newsletter-er. CH❤️RTS. You didn't read the article, did you? Go @Rangers.
Raleigh, NC & Washington, DC
Joined December 2009
🚨NEW TODAY🚨 The @CatoInstitute docuseries, Faces of Globalization, follows real people here and abroad whose lives depend on the global economy in ways that challenge the current conventional wisdom: https://t.co/plwQQVOVnp /1
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More US government ownership of private business from the GOP anti-socialists: "US to Take $150 Million Stake in Chip Startup Led by Gelsinger"
bloomberg.com
The US Commerce Department has agreed to invest as much as $150 million in xLight Inc., a chip technology startup tied to former Intel Corp. Chief Executive Officer Pat Gelsinger.
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""With customers delaying purchases until tariff policies stabilize, ISM leaders say there’s little near-term relief in sight, even as inventory drawdowns and quicker supplier deliveries hint at some underlying recalibration."
businessreport.com
U.S. factory activity slid deeper into contraction in November, underscoring a manufacturing sector still stuck in a long slump, Bloomberg writes. The Institute for Supply Management, or ISM, index...
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"World Economy Surprisingly Resilient to Tariffs, OECD Says" https://t.co/6MESlwToyF "It estimates that without booming AI investments the US economy contracted by 0.1% in the first half as household consumption growth moderated and government purchases fell."
bloomberg.com
The global economy is weathering Donald Trump’s trade tariffs better than expected as activity gets a boost from strong investment in artificial intelligence and supportive fiscal and monetary...
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Manufacturing contracted for a 9 month in a row due to tariffs
"Tariff-related supply chain effects are at the heart of uncertainty as the manufacturing industry encountered a faster month of contraction in November" https://t.co/B1WRYq46h5
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"Newell Brands to Cut 10% of Employees in Cost-Savings Push" https://t.co/LvB7h1wuEq "The company cut its full-year outlook in October as consumers resisted its higher prices and tariffs weighed more heavily than expected on profit."
wsj.com
Newell Brands will lay off about 10% of its professional and clerical employees, or over 900 workers, as part of its ongoing cost-savings plan.
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Uva went 10-2 (8-1 in conf) with its only 2 losses being an early-season nailbiter to a talented but erratic 7-5 NCSU team on the road; and a one-score home loss to 8-4 Wake after UVA's stud QB got concussed in the 2Q. And these nerds wanna blame capitalism? LOL, gmafb.
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What they didn't know is that the MBAs went to UVA undergrad. #GoHoosGo
We gave the guys with the Harvard MBAs control of CFB and they took their private equity mindset and created conference expansion, maximizing profit while showing borderline contempt for its customer and product.
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Ok this is the angle I wanted. The fans didn’t “rush” the field…the players went up and got the students to come sing the Good Ole Song with them and celebrate 10 wins and the ACCCG I love it 🥹
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Never fear, ambidextrous misanthropes
Coca-Cola designed a bottle you can't open alone. Encouraging you to meet someone new.
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And now if he wants to toast the bun, it will cost another $1,500
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Chinese vaccine makers are caught in a steep downturn, as intensifying competition pushes prices lower and erodes profits, underscoring the far-reaching deflationary pressure across the world’s second-largest economy
bloomberg.com
Chinese vaccine makers are caught in a steep downturn, as intensifying competition pushes prices lower and erodes profits, underscoring the far-reaching deflationary pressure across the world’s...
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For the record, EPI no longer refers to post 1979 wage growth as "stagnation" because they acknowledge this is misleadingly pessimistic Wage growth has been too slow, but not stagnant. EPI is right to make this change and should be applauded. https://t.co/rUdP22VHIf
epi.org
We recently released our annual report assessing wage growth in the U.S. economy. We highlighted that strong and broadly shared wage growth since 2019 contrasted sharply with much slower and unequal...
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Markets remain undefeated (eventually)
"BMW’s electric vehicles already use motors that operate without rare earths."
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This concept of tax/benefit cliffs and high EMTR's for low- and middle-income families is widely discussed in the policy arena. Well known! From NCSL to Niskanen Center to Atlanta Fed to -- yes! -- AEI (Green's favorite punching bag lately)
@tylercowen And yet, the actual substance, the Valley of Death, in which benefits are withdrawn while cost of living explodes, has not been discussed. Where would YOU place the poverty line and why, Tyler? Happy to hear YOUR thoughts on the subject, not Winship regurgitated garbage.
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Did Mr. Green do a double-inflation adjustment in this chart? Seems so!
Also, he appears to have double inflation adjusted that wage series, which I assume is already adjusted for inflation and then he compares it to the CPI. His chart is first, the second compares nominal weekly wages to the CPI
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(And I say that as someone who uses and really likes the various AIs. But, man, that stuff was silly in retrospect)
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