Aaron Sojourner

Aaron Sojourner

@aaronsojourner.org

2248

Posts

#Labor #economics @upjohninstitute.bsky.social • Brookings nonresident fellow • former senior economist for labor at White House CEA • living in Minneapolis. Views mine.

aaronsojourner.org

Be kind • Work hard • Have fun

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www.ft.com/content/b589...

The independence of the Fed is critical for the USwww.ft.com Political capture of the central bank would have profound implications for how future fiscal policy might affect the economy

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✨ Submit your abstracts to AERE@OSWEET! ✨ The friendly online forum will return in August! We encourage all - and especially junior folks & grad students - to submit their work. Submit, register, and learn more here: edrubin.typeform.com/aere-osweet

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Aaron Sojourner

✨ Submit your abstracts to AERE@OSWEET! ✨ The friendly online forum will return in August! We encourage all - and especially junior folks & grad students - to submit their work. Submit, register, and learn more here: edrubin.typeform.com/aere-osweet

"For the second quarter as a whole, industrial production increased at an annual rate of 4.3%... "Capacity Utilization... is up from the record low set in April 2020, and above the level in February 2020 (pre-pandemic)." 📈📉#️⃣#️⃣

Industrial Production Increased 0.6% in June www.calculatedriskblog.com/2024/07/indu...

Industrial Production Increased 0.6% in Junewww.calculatedriskblog.com A top ranked economics and finance blog with a focus on the housing market

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Waller has been a key signal of FOMC direction for years and this positively SCREAMS "signal in July, cut in September". *FED'S WALLER: GETTING CLOSER TO TIME WHEN RATE CUT IS WARRANTED *WALLER: NEED `A BIT MORE' EVIDENCE INF. PROGRESS WILL CONTINUE

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under trump’s project 2025, a middle-class family with two children would pay $2,600 in additional federal income tax by comparison, a married couple with two children and earnings of $5 million a year would enjoy a $325,000 tax cut

Project 2025 would overhaul the U.S. tax system. Here's how it could impact you.www.cbsnews.com Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans.

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Aaron Sojourner

The tl;dr This is union-busting, written as a statute. A company union is not a union, it is a way for management to dilute/interfere with the power of the union. Company unions have been unlawful since 1935, because everyone recognizes it is an attempt to union bust. This is trying to undo that.

Not a populist: GOP VP candidate J.D. Vance introduced the Team Act (with Marco Rubio) to empower companies to establish and dissolve “employee involvement organizations” (a.k.a., company unions), a long-standing goal of GOP business leaders: www.rubio.senate.gov/wp-content/u...

www.rubio.senate.gov

Wow, a bargain.

“Every $1,300 New York invested in building bike-lanes in 2015 provided benefits equivalent to 1 additional year of life at full health over the lifetime of all city residents, according to a new economic assessment.” Bike-lanes are a sound public health investment. www.reuters.com/article/busi...

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I can't stop thinking about how Trump would eliminate our free, public weather service, NOAA. It's an institution that goes back 53 years and protects Americans everyday with warnings for tornados, thunderstorms and more. That's the Project 2025 plan. www.theatlantic.com/science/arch...

The MAGA Plan to End Free Weather Reportswww.theatlantic.com Project 2025 would all but dissolve the National Oceanic and Atmospheric Administration.

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Aaron Sojourner

You can’t say something is unequivocal when there’s a conditional in the statement!

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Sebastian Tello Trillo

I tried to collect econ-related accounts that have a non-zero chance of posting here: go.bsky.app/RuagxpZ (happy to receive suggestions, incl self-nominations)

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I can’t believe this is a real quote from Trump sitting down with Bloomberg. I saw it on Twitter and figured it was a joke. www.bloomberg.com/features/202...

Trump discouraging Powell from cutting rates in Sept, saying that would be political, seems like an implicit admission that inflation is dead & he's scared of more job creation under President Biden.

I’m not sure it is. In the next paragraph of the story he goes on to suggest that rate cuts in September would be political.

Trump effectively says, I will fire Fed Chair Powell unless he does what I want. People who respect Fed independence say, I respect Fed independence, not...

Trump tells Bloomberg he would let Powell serve out his term “especially if I thought he was doing the right thing.” (The president’s ability to fire a Fed chair is contested.)

Trump On What He’d Do With Taxes, Tariffs, Jerome Powell and Morewww.bloomberg.com Bloomberg Businessweek sat down with the ex-president in Mar-a-Lago for an exclusive interview.

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Aaron Sojourner

For the record we have a story the Fed and Project 2025 today www.barrons.com/articles/pro...

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Breaking news: President Biden is finalizing plans to endorse major changes to the Supreme Court in the coming weeks, including proposals for legislation to establish term limits for the justices and an enforceable ethics code, according to two people briefed on the plans.

Biden set to announce support for major Supreme Court changeswww.washingtonpost.com The president has discussed the plans with constitutional scholars and members of Congress in recent weeks.

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"No rolling blackouts or grid emergencies as California continues on path to a carbon free grid. Several strategies, including upgrades to vulnerable parts of the grid at play here, but key enabler is more clean energy, especially solar, and above all, battery storage..." 😀

California Grid Breezes Through Heat Wave due to Renewables, Batteriesthinc.blog No rolling blackouts or grid emergencies as California continues on path to a carbon free grid. Several strategies, including upgrades to vulnerable parts of the grid at play here, but key enabler …

"A Cut in the CPS Sample Size Would Put Reliable Measurement of U.S. Unemployment at Risk" American Economics Association Committee on Statistics statement on BLS funding shortage that's undercutting the Current Population Survey. 📉📈 #️⃣#️⃣ www.aeaweb.org/content/file...

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"It’s been the hottest summer on record for around 100 US cities from Maine to California. Extreme heat is one of the leading weather-related killers in the United States, leaving hundreds of people dead each year, according to the National Weather Service." www.cnn.com/2024/07/13/w...

Las Vegas sees record-breaking 7 consecutive days of scorching temperatures 115 degrees or higher | CNNwww.cnn.com Las Vegas is sizzling under a prolonged heat wave that has delivered a record-breaking seven consecutive days of temperatures 115 degrees or higher.

www.nytimes.com/2024/07/16/c...

What Trump 2.0 Could Mean for the Environmentwww.nytimes.com If Donald Trump returns to the White House, he would likely face fewer legal and bureaucratic obstacles to dramatically remake the E.P.A.

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"A group of D.C journalists who worked at a local news site that was abruptly shuttered by NPR affiliate WAMU earlier this year are launching their own nonprofit devoted to covering community news of Washington...It will be operated as a worker-run newsroom" www.washingtonpost.com/style/media/...

Former DCist staff launch the 51st, new local news site for Washingtonwww.washingtonpost.com The 51st is a worker-run newsroom that will attempt to fill a niche its founders say opened when WAMU closed DCist.

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Please do take this survey, AEA members. You got a reminder email today, so it is easy. Let us know your view of opportunities and/or of problems with professional use of social media! x.com/AEAInformati...

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“Its predecessors already produce hundreds or even thousands of words almost instantaneously. Now GPT-5 brings PhD writing skills to the table, meaning it can generate text at a rate of about ten words per day.” www.mcsweeneys.net/articles/cha...

ChatGPT Now Has PhD-Level Intelligence, and the Poor Personal Choices to Prove Itwww.mcsweeneys.net “If you look at the trajectory of improvement, systems like GPT-3 were maybe toddler-level intelligence… and then systems like GPT-4 are more like ...

Wondering how well the new VP nom, Senator Vance, commands economics & policy? Let's check how his discussions with @justinwolfers.bsky.social went. 📉📈

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We're accepting submissions through July 21 for our 2024 Dissertation Award, given to the best Ph.D. dissertation on employment-related issues. The dissertation may come from any academic discipline, but it must have a substantial policy focus. upjohn.org/sites/defaul...

Dissertation Award | Upjohn Institutewww.upjohn.org

thenationaldesk.com/news/america...

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Aaron Sojourner

Another example- mayor in Tampa (I think?) talks about rising sea levels making intracoastal causeway bridges lower, subsequently blocking yachts and locking them to their marinas. I imagine that works too. 🤷‍♂️

Can we get this for U.S. communities? www.cbc.ca/news/canada/...

Climate change simulator tool draws gasps, even tears from P.E.I. residents | CBC Newswww.cbc.ca A tool that simulates sea-level rise and coastal erosion is giving P.E.I. residents a glimpse into the future. And for some, the view is not good.

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Donald Trump's words www.nber.org/papers/w3266... "Trump’s use of violent vocabulary has increased over time and now surpasses that of all other democratic politicians we studied....He increasingly exemplifies a negative populism, concentrated on denigrating out-groups."

Donald Trump's wordswww.nber.org Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...