NEW from me: Hundreds of pharmaceutical leaders signed an open letter condemning Judge Matthew Kacsmaryk's ruling on mifepristone. The same leaders' companies & trade groups funded nearly all the Senate Republicans who confirmed Judge Matthew Kacsmaryk. https://prospect.org/power/2023-04-12-pharma-cash-conservative-court-majority/
David Dayen
- 2.1K Followers
- 135 Following
- 2.4K Posts
Executive editor of The American Prospect. prospect.org.
Robert ReichRT @owenslindsay1
Don’t miss today’s tour de force takedown of the macro modeling status quo in @TheProspect by @NickHanauer. It’s chock full of the most glaring examples of how current models are missing the mark— and biasing against the policies we need to grow the economy from the middle out. https://twitter.com/groundwork/status/1643610267798913025
Don’t miss today’s tour de force takedown of the macro modeling status quo in @TheProspect by @NickHanauer. It’s chock full of the most glaring examples of how current models are missing the mark— and biasing against the policies we need to grow the economy from the middle out. https://twitter.com/groundwork/status/1643610267798913025
Groundwork Collaborative on Twitter
“📈 @NickHanauer in @TheProspect lays out why faulty assumptions are so pernicious in economic modeling, why they promote the worldview of the rich and powerful, and why they shouldn’t be treated as science but rather as a "trickle-down fantasyland" https://t.co/MRwuPkVtmf”
Really fun on "National Pay Attention to Indictments Day" to talk with @jonstewart
and @DrPhilGoff
, for a conversation that is mostly not about Trump but about our two-tiered system of justice and how it protects the powerful. Check it out tomorrow-
https://twitter.com/TheProblem/status/1643342854520012800
and @DrPhilGoff
, for a conversation that is mostly not about Trump but about our two-tiered system of justice and how it protects the powerful. Check it out tomorrow-
https://twitter.com/TheProblem/status/1643342854520012800
The Problem With Jon Stewart on Twitter
““Donald Trump has exposed the way that he does business, but presidents down the line have not been held accountable for any of the variety of misdemeanors and felonies that they have perpetrated.” – @JonStewart chats with @DrPhilGoff and @ddayen, out tomorrow @ApplePodcasts.”
ryan cooper"Financial crises are events where the government structures and actions that create and protect the wealth of the oligarch class are made explicit, and hence unpopular." https://prospect.org/economy/2023-03-14-economy-could-not-exist-without-government/
t's not just that 5 years ago Congress deregulated the very type of bank that led to this mess, it's that the entire thing could have been avoided if anyone involved wasn't completely stupid https://prospect.org/economy/03-13-2023-silicon-valley-bank-bailout-deregulation/
Here's my story on the SVB bailout, including a chat with Katie Porter, whose first thought was, "I can't believe we have to talk about this shit again." https://prospect.org/economy/03-13-2023-silicon-valley-bank-bailout-deregulation/
RT @MaxKennerly
.@nytimes, if you're quoting a VC saying Silicon Valley Bank was a “systemically important financial institution,” you should note that SVB lobbied to make sure it was not considered one, and nobody in the VC world said otherwise.
https://www.nytimes.com/2023/03/10/technology/silicon-valley-bank-fallout.html?partner=IFTTT
https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
.@nytimes, if you're quoting a VC saying Silicon Valley Bank was a “systemically important financial institution,” you should note that SVB lobbied to make sure it was not considered one, and nobody in the VC world said otherwise.
https://www.nytimes.com/2023/03/10/technology/silicon-valley-bank-fallout.html?partner=IFTTT
https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
I mean I guess the dumbest people in the world are the ones who would need AI?
What's funny to me is the Silicon Valley types who are manufacturing bank runs because they've never heard of cash sweep facilities are the ones who are building *artificial intelligence*
---
RT @ddayen
There's something called Insured Cash Sweep. It essentially cuts up your large account if you're a business into insured pieces, $250k each. In the event of a run, those deposits over the limit are safe.
https://www.intrafi.com/
https://twitter.com/ddayen/status/1634925784271036417
---
RT @ddayen
There's something called Insured Cash Sweep. It essentially cuts up your large account if you're a business into insured pieces, $250k each. In the event of a run, those deposits over the limit are safe.
https://www.intrafi.com/
https://twitter.com/ddayen/status/1634925784271036417
