The world has warmed by around 1.4C since 1850. It took 148 years for the first half of that warming to occur, and just 27 years for the second half!

Some people seem to think that not only that the AI investment boom is a bubble, but also that AI is fake and will somehow disappear after the bubble has burst. In that connection, it's interesting that Gutenberg went bankrupt, but obviously the printing press didn't disappear.

when mount tambora in indonesia erupted in 1815, the volcano killed all 10,000 tambora people and wiped out their culture entirely. their extinct language was uniquely non-austronesian & we only know about it from a 48-word vocabulary list collected by colonial officials in 1814

Every so often, @aaronstein1 and I talk about whether we need to write this op-ed again -- or just tap the sign. Nuclear deterrence is today functioning precisely as intended, with both parties edging out onto the slope, carefully and uncertainly. warontherocks.com/who-is-det…

What a great story. There is so much latent demand out there for very specific products/services. This demand hasn’t been met because the market is usually relatively small and the overhead cost of providing it through traditional firms is too high to meet it. AI changes this, @aidenjohnsonn_ is a perfect example of how: small team providing useful products to a market that would have otherwise been underserved. My prediction is that we’ll see a ton of this going forward. Markets/people who were underserved/ignored because overhead costs were too high will have their demand met. Small teams/firms, but also teams within larger organizations targeting unmet demand with bespoke products. This is what a welfare improvement looks like.

Interesting economic analysis of why airlines are always going bankrupt.

Don't you guys worry, I got this✋

Play stupid games, win stupid prizes.

Je suis mort de rire, ca c'est de la justification qui justifie

Pakistan expects the U.S.-Iran deal to be completed in the next 24 hours and immediately signed electronically.

STS operations outside Hormuz to transfer oil from tankers transiting the Strait to others for onward shipment to Asia is now becoming the 'new normal'. volumes are a fraction of normal levels but indicate adaptation and willingness of some shipowners to take the risk. they're paying crew 3 times the normal rate to go through. what some owners perceive as a reckless disregard for the life of seafarers, others see as a business opportunity.

Part of a broader trend in MENA: women's literacy, internet use, & "relationship media" (for lack of a better description) are decreasing fertility.

Some Piketty (et al.) bangers to explain why he is so respected, even before Das Capital 2.0, and whatever AI-generated stuff he publishes in the newspaper today In the 1990s, he formalised theories of self-fulfilling preferences and redistribution. He showed us (1/4)

They just led an elephant through the @TexasGOP convention and it took a giant pee right near the press area.

Exclusive: US military rushed to prepare ground mission to capture Iran’s uranium, but Trump paused it, sources say cnn.com/2026/06/12/politics/…

What happened to the Rockefeller, Carnegie and Astor by the way? According to the “law of capitalism” (r>g) their wealth should have grown ineluctably faster than GDP unless there is a wealth tax. By now, assuming a 4% spread between r and g, these families fortunes should represent roughly 200% of GDP. Is that actually true? Or maybe somehow the wealth of these families got ultimately diluted in other ways? Maybe we should wonder in what ways

UAE unfrozen billions of dollars in Iranian assets, according to Reuters