I don't think I'd ever seen sports tickets for resale for over $100,000 -- until I took a look at the Knicks game on Monday. For Wed some are asking nearly $200,000
seatgeek.com/new-york-knicks…
I'm writing a piece about how the States should organize and re-indict as many of the inexcuseable people Trump pardons - to fight the message that you cannot buy your way out of everything
apnews.com/article/buyer-tru…
Dynamic pricing in economic theory could be a boon to the poor, but more often it favors the hyper-diligent and hyper-vigilant against more normal personality types, then wreaks havoc on poorly educated consumers
In the USA, the level of vigilance the average person has to maintain to avoid getting ripped off extracts its own kind of price -- one most analysis of dynamic pricing doesn't pay any attention to.
US postal service mail volume (first class mail) peaked in about 2001 and has declined to levels roughly similar to the 1960s. I guess email and other alternatives eventually took their toll about.usps.com/who/profile/h…
On Bill Pulte, Hayek got this right: "Advancement within a totalitarian group or party depends largely on a willingness to do immoral things." Frum has more theatlantic.com/ideas/2026/0…
Btw, Sarah Wynn-Williams' book, "Careless People" (which Facebook is still trying to kill) is hilarious and exposes what went wrong with the internet in the 2010s: a lack of character and integrity in leadership us.macmillan.com/books/97812…
Facebook's use of an NDA to silence whistleblower employee Sarah Wynn-Williams is just censorship and an abuse of power -- see this from yesterday theguardian.com/technology/2…
The evident emptiness of AI content and imagery (on closer inspection, once you get used to it) kinda feels like evidence of that thing called a "soul"
Spent a lot of time discussing AI fiction & non-fiction at lunch at the Hay festival today -- my predictions are (1) openly AI-authored fiction will gain only a niche audience, not unlike "enhanced Olympics," due to stigma/low costs of copying (2) AI fiction will become strongly stigmatized over next year (if not already) with stronger "human authored" certifications becoming more common (3) the line between AI-authored and AI-"edited" or "assisted" really needs to be figured out.
The backlash against AI - generated content is so visceral - expect the "human-authored" certification gain momentum, esp for fiction. authorsguild.org/human-autho…
Doing event today with Sarah Wynn-Williams moderated by Carole Cadwalladr at Hay Festival, complicated by Facebook's ongoing lawsuit against Sarah for her hilarious book "Careless People"
Doing an event tomorrow at the Hay Festival with Sarah Wynn-Williams author of "Careless People," the amusing book about Facebook's inner circle. Sarah has been sued by Meta for allegedly violating an NDA by telling her tale, so let's see how this goes hayfestival.com/p-25476-tim-…
Economy then vs now:
GDP growth:
2024 2.8%
2026 1.6%
Inflation:
2024 2.9%
2026 3.8%
Wages:
2024 rising faster than inflation
2026 rising slower than inflation
Unemployment rate:
2024 4%
2026 4.3%
Jobs added per month:
2024 >120,000
2026 76,000
Jobs vs Unemployed:
2024 7.6 million job openings vs 6.9 million unemployed
2026 6.8 million job openings vs 7.2 million unemployed
National Debt
2024 $35.5 trillion
2026 $39 trillion
Deficit
2024 $1.8 trillion
2026 CBO projection $2 trillion
Uninsured Americans:
2024 27 million
2026 CBO projection 30 million
Gas prices per gallon:
December 2024 ~$3.00
Today $4.43
The next time this admin lectures our European allies for falling short of our shared free speech values, I’d like them to explain this crap. finance.yahoo.com/economy/po…
Was in Switzerland, asked people if there is anger about affordability. People I asked said "generally no." Why? Because wages are so high. Anecdotal, yes, but suggests you can have high wages and have a wealthy country