Tootfinder

As a percentage of US GDP, AI datacenter capex is already larger than peak telecom spending during the dot-com era and is approaching the railroad spending boom (Paul Kedrosky)
https://paulkedrosky.com/honey-ai-capex-ate-the-economy/

Honey, AI Capex is Eating the Economy
AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom

🪨 The Shadow Economy of Critical Mineral Exports
#trade

The Shadow Economy of Critical Mineral Exports
Chinese traders are circumventing China's export ban on critical minerals like antimony, gallium, and germanium by rerouting shipments through third countries like Thailand and Mexico to reach the US market.

Semafor announces an expansion of its live journalism business, led by the growth of its World Economy Summit, and says events account for 50% of its revenue (Mark Stenberg/Adweek)
https://www.adweek.com/media/semafor-events-davos-world-economy-summit/

Semafor Takes Aim at Davos as Events Surpass Half Its Revenue
Four executive hires—from the U.S. Chamber, Informa, Bloomberg, and Fortune—are joining to accelerate its global expansion

The economy created only 33,000 jobs in May and June combined
— anemic growth the likes of which we haven’t seen the final months of President Trump’s first term.
In contrast, under President Biden, the economy gained some 420,000 jobs in May and June 2024.
Trump’s response was as unhinged and authoritarian as you’d expect.
In an unprecedented move, he abruptly firedErika McEntarfer,
the head of the Bureau of Labor Statistics,
-- and as an excuse lied th…

The looming Trump-cession
Orange man bad (for the economy).

https://www.theatlantic.com/economy/archive/2025/08/trump-tariffs-economic-data/683740/?gift=7dKtnNrILXcLLty1b9gh3sI95jXKUdY25iXtrRZ1pZ8

The Mystery of the Strong Economy Has Been Solved
Turns out it wasn’t actually that strong.

Dougal told to pay $425m for breaching millions of users’ privacy | Technology News | Al Jazeera
https://www.aljazeera.com/economy/2025/9/4/google-told-to-pay-425m-for-breaching-millions-of-users-privacy?traffic_sou…

Google told to pay $425m for breaching millions of users’ privacy
US tech giant says jury decision misunderstands its products and it will appeal.

A look at why the AI data center building boom could spark a financial crisis akin to 2008, including the rising use of debt financing via private credit funds (Noah Smith/Noahpinion)
https://www.noahpinion.blog/p/will-data-centers-crash-the-economy

Will data centers crash the economy?
This time let's think about a financial crisis before it happens.

Critical moment: American aid is on hold and Russia's economy is under attack: https://benborges.xyz/2025/07/04/critical-moment-american-aid-is.html

Trump's Tariffs Are Kleptocracy in Action (David Dayen/American Prospect)
https://prospect.org/economy/2025-08-04-trumps-tariffs-kleptocracy-in-action/
http://www.memeorandum.com/250804/p105#a250804p105

It’s a ‘sideways’ economy but not a recession yet, analysts say  • Louisiana Illuminator
https://lailluminator.com/2025/07/02/its-a-sideways-economy-but-not-a-recession-yet-analysts-say/

Vision-Aided ISAC in Low-Altitude Economy Networks via De-Diffused Visual Priors
Yulan Gao, Ziqiang Ye, Zhonghao Lyu, Ming Xiao, Yue Xiao, Ping Yang, Agata Manolova
https://arxiv.org/abs/2507.01574

Vision-Aided ISAC in Low-Altitude Economy Networks via De-Diffused Visual Priors
Emerging low-altitude economy networks (LAENets) require agile and privacy-preserving resource control under dynamic agent mobility and limited infrastructure support. To meet these challenges, we propose a vision-aided integrated sensing and communication (ISAC) framework for UAV-assisted access systems, where onboard masked De-Diffusion models extract compact semantic tokens, including agent type, activity class, and heading orientation, while explicitly suppressing sensitive visual content. …

This is welcome from #Burnham.
(Warning 15 cookies)
'Greater Manchester mayor Andy Burnham hit out, saying the decision would help “overheat” the economy. He warned: “It’s a model for an ever-overheating UK economy rather than a more balanced, levelled-up economy, which is what we would argue for. Manchester Airport has two runways and it doesn’t operate at full capacity.”'

Labour split over backing for Heathrow expansion with Reeves set to give her support
Chancellor Rachel Reeves is expected to voice her support for a third runway at Heathrow despite opposition from cabinet collegue Ed Miliband and London mayor Sadiq Khan

How Trump's America mirrors the Gilded Age of robber barons
Fortunes built on dominant positions,
even outright monopolies;
a society in which 1% of the population held 50% of the country's wealth.
Among the most enthusiastic admirers of this turn-of-the-century era is none other than Donald Trump

How Trump's America mirrors the Gilded Age of robber barons
Fortunes built on dominant positions, even outright monopolies; a society in which 1% of the population held 50% of the country's wealth. Among the most enthusiastic admirers of this turn-of-the-century era is none other than Donald Trump.

The scale of investment and the involvement of governments means ROI must be found (or rather created) now, by any means necessary! Demand already is being forcefully created to justify these expenditures. Business models, regulations and policies/politics are pivoted in lockstep. Aside from all the conceptual, ethical and environmental issues of LLMs and their required infrastructure, these shifts are already also impacting chip/hardware production pipelines and start spelling the end of pe…

samim (@samim@mastodon.social)
Attached: 1 image The AI infrastructure build-out is so gigantic that in the past 6m, it contributed more to the growth of the U.S. economy than /all of consumer spending/ The 'magnificent 7' spent more than $100 billion on data centers and the like in the past three months *alone* As a % of GDP, spending on AI infra has already exceeded spending on telecom and internet infrastructure from the dot-com boom—and it’s still growing. This spending is so big it’s acting as a sort of privat…

He still doesn’t admit that import taxes (tariffs) are paid by Americans importing, not by other countries.
#USpol #TrumpTariffs #economy

An Economy of AI Agents
Gillian K. Hadfield, Andrew Koh
https://arxiv.org/abs/2509.01063 https://arxiv.org/pdf/2509.01063

An Economy of AI Agents
In the coming decade, artificially intelligent agents with the ability to plan and execute complex tasks over long time horizons with little direct oversight from humans may be deployed across the economy. This chapter surveys recent developments and highlights open questions for economists around how AI agents might interact with humans and with each other, shape markets and organizations, and what institutions might be required for well-functioning markets.

U.S. Factory Orders Declined in June (Paulo Trevisani/Wall Street Journal)
https://www.wsj.com/economy/u-s-factory-orders-declined-in-june-50f4b81b?st=BnUTfQ
http://www.memeorandum.com/250804/p73#a250804p73

On growth.
The UK is still fixed in a view that in order to reduce debt, take care of an aging and medicated population and provide as high a standard of living as possible and the Govt to get re-elected.
But that is neither true nor practical. The only things that would stimulate the UK economy are a generationally large investment in infrastructure (both physical and electronic) or a similar size war.
HS2 shows we can't do the former and we're scaled for police act…

#Trump #tradeDeficit #Switzerland
🇨🇭 🇨🇭 🇨🇭 🇨🇭 🇨🇭 🇨🇭 🇨🇭 🇨🇭 🇨🇭 🇨🇭
The reason why Trump is destroying the Swiss economy:
US-Americans want their gold back in the country because they…

Russian economy faces mounting challenges amid rising military spending and banking instability: https://benborges.xyz/2025/06/30/russian-economy-faces-mounting-challenges.html

This is how important tax incentives are and why countries that only reactively shape their tax systems will keep lagging behind.
https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502

The hidden time bomb in the tax code that's fueling mass tech layoffs
A decades-old tax rule helped build America's tech economy. A quiet change under Trump helped dismantle it

https://www.theguardian.com/us-news/2025/jul/03/trump-spending-bill-conservatives-law
“But a sugar-high won’t be sustained, it will do real damage, & often what comes next is the crash. The longer-term health of our economy, American famili…

What, exactly, are we celebrating tomorrow?
Our cutting off healthcare to the needy to enrich the greedy?
Our new concentration camps?
Our dying economy?
Our ditching due process?
Our corruption?
Our broken legislature?
Our corrupt SCOTUS?
Our ridiculous buffoon president?
#FourthOfJuly
-- Mrs Betty Bowers

The crazy narcissist Nigel #Farage drove the UK into Brexit with his lies and caused enormous damage to the economy. At the time, he immediately rejected any responsibility for “what next.”
Now he is stirring things up again in the orbit of Darth #Trump and wants to harm the EU, not just the UK.

The Narcissism of Nigel Farage — Simply Put Psych
Delve into the psychological underpinnings of Farage's behaviour through the lens of narcissism

Trump's tariffs beat up economy as private sector loses jobs in June
https://www.dailykos.com/stories/2025/7/2/2331299/-Trump-s-tariffs-beat-up-economy-as-private-sector-loses-jobs-in-June?pm_campaign=blog&pm_medium=rss&pm_source=main

For all the people who are bearish on the US economy post-BBB I just want to point out that hyperinflation has created more millionaires than any other economic scheme

I came across a YT channel "EU Made Simple" and I gave it a try. Seems to be a racist one after seen a video about Danish migration policies. He remarks that Spain is one of the countries with bigger amount of asylum seekers, but forget to mention that economist actually link that migration to how strongly the economy is growing in Spain.

Trump Seeks Bigger Overhaul at Labor Statistics Bureau, Adviser Says (Brian Schwartz/Wall Street Journal)
https://www.wsj.com/economy/jobs/trump-seeks-bigger-overhaul-at-labor-statistics-bureau-adviser-says-dc109bac
http://www.memeorandum.com/250804/p10#a250804p10

Wow. So much implicit trickle down economics. https://www.rnz.co.nz/national/programmes/afternoons/audio/2019002510/how-excited-should-we-be-about-the-amazon-announcement Come on, Paul, AWS and Microsoft having…

Green Computing: The Ultimate Carbon Destroyer for a Sustainable Future
Sayed Mahbub Hasan Amiri, Prasun Goswami, Md. Mainul Islam, Mohammad Shakhawat Hossen, Marzana Mithila, Naznin Akter
https://arxiv.org/abs/2508.00153

Green Computing: The Ultimate Carbon Destroyer for a Sustainable Future
Green computing represents a critical pathway to decarbonize the digital economy while maintaining technological progress. This article examines how sustainable IT strategies including energy-efficient hardware, AI-optimized data centres, and circular e-waste systems can transform computing into a net carbon sink. Through analysis of industry best practices and emerging technologies like quantum computing and biodegradable electronics, we demonstrate achievable reductions of 40-60% in energy co…

Amid Russian economy warnings, Lavrov says NATO's increased defense spending will lead to 'collapse' of alliance: https://benborges.xyz/2025/06/30/amid-russian-economy-warnings-lavrov.html

“On labor and AI”
https://buttondown.com/practicaltips/archive/on-labor-and-ai/
“[M]aybe large numbers of us should come to a common conclusion that these bubble-boy charlatans shouldn’t just get to decide that the world’s economy (not to mention its ecology) sh…

On labor and AI
Happy Labor/Labour Day/bank holiday to you. Seems like a good day to talk about the elephant in the room again. The predominant storyline around labor, of...

"The economy is BOOMING!"
It's not.
"The Fed must lower rates!"
That's not what you do when the economy is booming.

Predictive Communications for Low-Altitude Networks
Junting Chen, Bowen Li, Hao Sun, Shuguang Cui, Nikolaos Pappas
https://arxiv.org/abs/2509.01705 https://

Predictive Communications for Low-Altitude Networks
The emergence of dense, mission-driven aerial networks supporting the low-altitude economy presents unique communication challenges, including extreme channel dynamics and severe cross-tier interference. Traditional reactive communication paradigms are ill-suited to these environments, as they fail to leverage the network's inherent predictability. This paper introduces predictive communication, a novel paradigm transforming network management from reactive adaptation to proactive optimization.…

If Trump loses his tariff lawsuit, America may have to refund businesses more than $200 billion (Elisabeth Buchwald/CNN)
https://www.cnn.com/2025/09/03/economy/trump-tariff-refund
http://www.memeorandum.com/250903/p168#a250903p168

Make no mistake. This is a USA automaker and oil company hit job on the independence and sovereignty of the Canadian economy.
They are trying to reverse the inevitable so they can continue their own businesses as usual for as long as possible.
It can't be allowed to happen. Canada is already lagging far behind other nations. Our Economy and our Society and our burning forests, will suffer if our government gives in to this pressure.
#CanPoli #CdnPoli #EV #Cars
https://www.cbc.ca/news/science/zev-mandate-climate-1.7576456

We’re going full-steam back to rented computing like in the 1960s and 1970s; with a product that doesn’t work or provides significantly worse quality than what was there before, overseen by landlords with delusions of grandeur, ruining the environment, education and the economy in the process.

OatFi, whose APIs handle underwriting, origination, and capital deployment for B2B payment providers, raised a $24M Series A led by White Star Capital (Ryan Lawler/Axios)
https://www.axios.com/pro/fintech-deals/2025/06/03/oatfi-24-milliom-b2b-credit

Exclusive: OatFi nabs $24M for embedded B2B credit
Slow payment terms choke company cash flows across the $35 trillion B2B economy.

🧵 The reason we have an "economy" is so we can get goods and services *we need*, and so that people can *make a living* providing those goods and services. The reason we have government, is so that society can function *for us*. The common thread is providing things and help we *need*. Lets call that "value" . 1/x

Modeling individual attention dynamics on online social media
Jaume Ojer, Filippo Radicchi, Santo Fortunato, Michele Starnini, Romualdo Pastor-Satorras
https://arxiv.org/abs/2507.01511

Modeling individual attention dynamics on online social media
In the attention economy, understanding how individuals manage limited attention is critical. We introduce a simple model describing the decay of a user's engagement when facing multiple inputs. We analytically show that individual attention decay is determined by the overall duration of interactions, not their number or user activity. Our model is validated using data from Reddit's Change My View subreddit, where the user's attention dynamics is explicitly traceable. Despite its simplicity, ou…

Poisoning Attacks to Local Differential Privacy for Ranking Estimation
Pei Zhan (School of Cyber Science and Technology, Shandong University, State Key Laboratory of Cryptography and Digital Economy Security, Shandong University, Qingdao, China), Peng Tang (School of Cyber Science and Technology, Shandong University, State Key Laboratory of Cryptography and Digital Economy Security, Shandong University, Qingdao, China), Yangzhuo Li (School of Cyber Science and Technology, Shandong Univ…

Poisoning Attacks to Local Differential Privacy for Ranking Estimation
Local differential privacy (LDP) involves users perturbing their inputs to provide plausible deniability of their data. However, this also makes LDP vulnerable to poisoning attacks. In this paper, we first introduce novel poisoning attacks for ranking estimation. These attacks are intricate, as fake attackers do not merely adjust the frequency of target items. Instead, they leverage a limited number of fake users to precisely modify frequencies, effectively altering item rankings to maximize ga…

Collapse
I'm definitely struggling against the hopeless, wondering if the global economy will collapse before or after the mass death...

@… In THIS economy?

Gauging Growth: AGI Mathematical Metrics for Economic Progress
Davit Gondauri
https://arxiv.org/abs/2506.03156 https://arxiv.org/pdf/…

Gauging Growth: AGI Mathematical Metrics for Economic Progress
Today, the economy is greatly influenced by Artificial General Intelligence (AGI). The purpose of this paper is to determine the impact of the quantitative relations of AGI on the country's economic parameters. The authors use the analysis of historical data in the research, develop a new mathematical algorithm that refers to the level of AGI development, and conduct a regression analysis. The economic effect of AGI is deduced if it affects the growth of real GDP. As a result of the analysis, i…

Just read this post by @… on an optimistic AGI future, and while it had some interesting and worthwhile ideas, it's also in my opinion dangerously misguided, and plays into the current AGI hype in a harmful way.
https://social.coop/@eloquence/114940607434005478
My criticisms include:
- Current LLM technology has many layers, but the biggest most capable models are all tied to corporate datacenters and require inordinate amounts of every and water use to run. Trying to use these tools to bring about a post-scarcity economy will burn up the planet. We urgently need more-capable but also vastly more efficient AI technologies if we want to use AI for a post-scarcity economy, and we are *not* nearly on the verge of this despite what the big companies pushing LLMs want us to think.
- I can see that permacommons.org claims a small level of expenses on AI equates to low climate impact. However, given current deep subsidies on place by the big companies to attract users, that isn't a great assumption. The fact that their FAQ dodges the question about which AI systems they use isn't a great look.
- These systems are not free in the same way that Wikipedia or open-source software is. To run your own model you need a data harvesting & cleaning operation that costs millions of dollars minimum, and then you need millions of dollars worth of storage & compute to train & host the models. Right now, big corporations are trying to compete for market share by heavily subsidizing these things, but it you go along with that, you become dependent on them, and you'll be screwed when they jack up the price to a profitable level later. I'd love to see open dataset initiatives SBD the like, and there are some of these things, but not enough yet, and many of the initiatives focus on one problem while ignoring others (fine for research but not the basis for a society yet).
- Between the environmental impacts, the horrible labor conditions and undercompensation of data workers who filter the big datasets, and the impacts of both AI scrapers and AI commons pollution, the developers of the most popular & effective LLMs have a lot of answer for. This project only really mentions environmental impacts, which makes me think that they're not serious about ethics, which in turn makes me distrustful of the whole enterprise.
- Their language also ends up encouraging AI use broadly while totally ignoring several entire classes of harm, so they're effectively contributing to AI hype, especially with such casual talk of AGI and robotics as if embodied AGI were just around the corner. To be clear about this point: we are several breakthroughs away from AGI under the most optimistic assumptions, and giving the impression that those will happen soon plays directly into the hands of the Sam Altmans of the world who are trying to make money off the impression of impending huge advances in AI capabilities. Adding to the AI hype is irresponsible.
- I've got a more philosophical criticism that I'll post about separately.
I do think that the idea of using AI & other software tools, possibly along with robotics and funded by many local cooperatives, in order to make businesses obsolete before they can do the same to all workers, is a good one. Get your local library to buy a knitting machine alongside their 3D printer.
Lately I've felt too busy criticizing AI to really sit down and think about what I do want the future to look like, even though I'm a big proponent of positive visions for the future as a force multiplier for criticism, and this article is inspiring to me in that regard, even if the specific project doesn't seem like a good one.

"It seemed tariffs were already boosting inflation and dampening growth at the margin, albeit not to a sufficient degree to tip the economy into recession," writes Josh Barro.
"Now the jobs numbers are also showing significant weakness, even though they're not yet showing the bottom falling out of the labor market.
The last remaining bullish economic indicator is the stock market.
Like Furman, I can't explain why stocks are doing so well in spite o…

Well, This Jobs Report Clarifies Some Things
Trump will get his rate cut, but there's little other good news for the president.

https://www.instagram.com/p/DN7sUvSEQmn/?utm_source=ig_web_copy_link

Jake Adelstein on Instagram: "The Salaryman who once sustained the Japanese economy is a thing of the past. His beloved pomade, Mandom, is no longer. But somewhere in Kansai, Sakamoto Koseido (阪本高生堂), a company with a longstanding history in barber and salon products, is keeping the dream alive. COCK⚡️GREASE can be purchased easily for rockabilly fans, goth rock stars, or the few remaining salarymen with uncontrollable hair who need a no-nonsene gel. Your hair: COCK⚡️GREASE will "Keep it up all day!!" It's XXXTRA HARD. The pomade is pineapple scented. But don't cry tears of joy when you use it; it's water soluble."
77 likes, 2 comments - tokyovice on August 29, 2025: "The Salaryman who once sustained the Japanese economy is a thing of the past. His beloved pomade, Mandom, is no longer. But somewhere in Kansai, Sakamoto Koseido (阪本高生堂), a company with a longstanding history in barber and salon products, is keeping the dream alive. COCK⚡️GREASE can be purchased easily for rockabilly fans, goth rock stars, or the few remaining salarymen with uncontrollable hair who need a no-nonsene gel. Your h…

"Climate groups call for UK wealth tax to make super-rich fund sustainable economy"
https://www.theguardian.com/environment/2025/jul/15/climate-groups-call-uk-wealth-tax-make-super-rich-fund-sustainable-economy

You start as a plum
But, in this economy
You end up a prune.
#dailyhaikuprompt - plum
#haiku
#poem

"This report investigates the corporate machinery sustaining Israel’s settler-colonial project of displacement and replacement of the Palestinians in the occupied territory. While political leaders and governments shirk their obligations, far too many corporate entities have profited from Israel’s economy of illegal occupation, #apartheid and now,

U.S. Hiring Slowed Sharply Over the Summer (Wall Street Journal)
https://www.wsj.com/economy/jobs/jobs-report-july-2025-unemployment-economy-8bc3ad8e
http://www.memeorandum.com/250801/p63#a250801p63

I was walking for over an hour on rural roads of asphalt before I saw the first car. And now I wonder: where are all these homegrown economy experts, always ready to criticize any investment in public transport, for "nobody will use it". Well, I have a whole *grid* of roads that clearly aren't used by anybody.
#CarFree

Economist warns Trump is poisoning America’s fiscal reputation - Raw Story
https://www.rawstory.com/trump-economy-jobs-bls-2673799759/

Truth to Power PAC
is dedicated to electing candidates who will stand up to the corporate special interests, lobbyists, and corrupt politicians who have dominated our government for far too long.
We need new leaders who will be independent voices for change and will fight to reform our political system and economy. 
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Truth to Power PAC
Truth to Power PAC is dedicated to electing candidates who will stand up to the corporate special interests, lobbyists, and corrupt politicians who have dominated our government for far too long. We need new leaders who will be independent voices for change and will fight to reform our political system and economy.

Russian economy on the brink of collapse due to war #shorts: https://benborges.xyz/2025/08/29/russian-economy-on-the-brink.html

The Trump Economy Stumbles (Wall Street Journal)
https://www.wsj.com/opinion/donald-trump-economy-tariffs-trade-jobs-growth-federal-reserve-a51eccaf?st=pTjusm&reflink=article_copyURL_share
http://www.memeorandum.com/250802/p15#a250802p15

EconAgentic in DePIN Markets: A Large Language Model Approach to the Sharing Economy of Decentralized Physical Infrastructure
Yulin Liu, Mocca Schweitzer
https://arxiv.org/abs/2508.21368

EconAgentic in DePIN Markets: A Large Language Model Approach to the Sharing Economy of Decentralized Physical Infrastructure
The Decentralized Physical Infrastructure (DePIN) market is revolutionizing the sharing economy through token-based economics and smart contracts that govern decentralized operations. By 2024, DePIN projects have exceeded \$10 billion in market capitalization, underscoring their rapid growth. However, the unregulated nature of these markets, coupled with the autonomous deployment of AI agents in smart contracts, introduces risks such as inefficiencies and potential misalignment with human value…

The looming Trump-cession -- Orange man bad (for the economy). ... 👇 (Noah Berlatsky/Public Notice)
https://www.publicnotice.co/p/trump-jobs-report-july-recession
http://www.memeorandum.com/250804/p15#a250804p15

Defense drags the economy of the Russian Federation against the background of the crisis #shorts: https://benborges.xyz/2025/08/28/defense-drags-the-economy-of.html

Acrobatics, accidents and legal loopholes: The uncertain world of stunt performers | Economy and Business | EL PAÍS English https://english.elpais.com/economy-and-business/2025-06-22/acrobat…

Acrobatics, accidents and legal loopholes: The uncertain world of stunt performers
Despite risking their lives at work, there is no legislative framework to protect these professionals

Trump Tariff Blitz Unleashes Delayed Shock to Global Economy (Bloomberg)
https://www.bloomberg.com/news/articles/2025-08-01/trump-s-tariff-blitz-unleashes-delayed-shock-to-global-economy
http://www.memeorandum.com/250801/p22#a250801p22

A key US inflation gauge rose last month as Trump's tariffs lifted goods prices | AP News
https://apnews.com/article/inflation-federal-reserve-economy-8c9298ce80d2e40a71a17e0c3af3c292

Trump's authoritarian streak (Zachary Basu/Axios)
https://www.axios.com/2025/08/02/trump-authoritarian-jobs-report-bls-economy
http://www.memeorandum.com/250802/p10#a250802p10

Replaced article(s) found for econ.GN. https://arxiv.org/list/econ.GN/new
[1/1]:
- Self-respecting worker in the precarious gig economy: A dynamic principal-agent model
Zsolt Bihary, P\'eter Cs\'oka, P\'eter Ker\'enyi, Alexander Szimayer

Stagflation fears are back -- America is showing new signs of stagflation ... (Courtenay Brown/Axios)
https://www.axios.com/2025/08/02/stagflation-economy-inflation-growth-trump
http://www.memeorandum.com/250802/p11#a250802p11

YES!
GDP growth is effectively dead.The motor is broken.
Now it's time to face reality and share the wealth that is so evidently present.
An economy for life!
#degrowth
Blow to Chancellor as UK economy shrank unexpectedly in May

Blow to Chancellor as UK economy shrank unexpectedly in May
The UK economy contracted unexpectedly in May, marking the second month in a row of falling output and heaping further pressure on Chancellor Rachel Reeves. The Office for National Statistics (ONS) said gross domestic product (GDP) contracted by 0.1% in May, following a 0.3% drop in April. Most economists had expected the economy to rebound […]

Iran reportedly preparing to mine Strait of Hormuz, a possible boon for Russia's Ukraine war coffers: https://benborges.xyz/2025/07/02/iran-reportedly-preparing-to-mine.html

Donald Trump announced on Tuesday that U.S. Space Command will be located in Alabama,
reversing a Biden-era decision to keep it at its temporary headquarters in Colorado.
The long-expected decision from Trump caps a four-year tug of war between two states and opposing administrations about where to locate U.S. Space Command,
an intense fight because the headquarters would be a significant boon to the local economy.
Alabama and Colorado have long battled to claim Space…

Trump will announce Space Command moves from Colorado to Alabama
President Donald Trump’s administration will announce U.S. Space Command will be located in Alabama, reversing a Biden-era decision to keep it at its temporary headquarters in Colorado. That's according to two people familiar with the announcement. The people say Trump is expected to speak Tuesday afternoon and will give the new location. The people spoke on the condition of anonymity to confirm the plans ahead of the official announcement. A Pentagon website set up to livestream the remarks …

https://www.theatlantic.com/economy/archive/2025/08/billionaire-tax-study/683987/?gift=7dKtnNrILXcLLty1b9gh3izs2-QbznZFuAgjH23TfLc

How the Richest People in America Avoid Paying Taxes
A clever new paper puts concrete numbers to the taxes paid by members of the Forbes 400.

IMF slashes Russia's growth forecast, says war-driven economy to 'slow down': https://benborges.xyz/2025/07/30/imf-slashes-russias-growth-forecast.html

Trump to blame for high cost of living, Americans say in new poll | US economy | The Guardian
https://www.theguardian.com/business/2025/aug/01/trump-inflation-cost-of-living-poll

Rep Maxwell Frost:
1,500 at our Townhall in Wichita, Kansas this morning.
Working people across the nation are pissed off about this rigged economy, and they’re showing up.
Wichita’s Congressman refuses to host a Townhall, so we pulled up instead.
https://bsky.app/profil…

With His Reordering of Global Trade, Trump Turns to the Untested (Ana Swanson/New York Times)
https://www.nytimes.com/2025/08/01/business/economy/trump-tariffs.html
http://www.memeorandum.com/250801/p76#a250801p76

Americans grow uneasy about the economy | AP News
https://apnews.com/article/consumer-confidence-conference-board-economy-spending-1ef56ac698f194203848df1968567c85

Q&A with Stanford researchers on their recent study finding that, since 2022, US employment in the most AI-exposed fields has fallen 13% for entry-level workers (Derek Thompson)
https://www.derekthompson.org/p/the-evidence-that-ai-is-destroying

The Evidence That AI Is Destroying Jobs For Young People Just Got Stronger
A big nerd debate with bigger implications for the future of work, technology, and the economy

Oh dear. This is the new economy columnist in the Morning Star.
Spot the errors.
Public investment-led growth is the key to solving the British crisis | Morning Star
https://morningstaronline.co.uk/article/public-investment-led-growth…

US employers slash hiring as Trump advances a punishing trade agenda (Associated Press)
https://apnews.com/article/jobs-unemployment-economy-trump-federal-reserve-68a15f89d68793a6cf88a522ff33246c
http://www.memeorandum.com/250801/p62#a250801p62

The Russian economy, depending on OIL, is suffocating! Ukrainian DRONES in action #shorts: https://benborges.xyz/2025/08/19/the-russian-economy-depending-on.html

Constituents in Iowa’s 2nd Congressional District showered Representative Ashley Hinson with
boos and jeers for supporting Donald Trump’s “big, beautiful” bill.
The Republican lawmaker was excoriated during a town hall Wednesday in Worth County,
where Iowans urged Hinson to
“stop lying” after she baselessly claimed that the president’s key legislation had ushered in “higher wages” and an improved cost of living.
“Higher wages?” shouted one woman incredulously. “F…

“Stop Lying”: Voters Erupt at GOP Lawmaker’s Shocking Claim on Economy
Iowa State Representative Ashley Hinson’s comments were met with boos and jeers.

Trump, Claiming Weak Jobs Numbers Were 'Rigged,' Fires Labor Official (New York Times)
https://www.nytimes.com/2025/08/01/business/economy/trump-bls-firing-jobs-report.html?unlocked_article_code=1.bE8.TTv7.w858vtQgywbr&smid=url-share
http://www.memeorandum.com/250802/p3#a250802p3

'Terrifying': Major economists warn of rampant inflation due to Trump’s new meddling - Raw Story
https://www.rawstory.com/trump-economy-2673941803/

Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them. (Ana Swanson/New York Times)
https://www.nytimes.com/2025/08/01/business/economy/harm-or-help-why-companies-are-battling-tariffs-meant-to-benefit-them.html
http://www.memeorandum.com/250801/p13#a250801p13

Live updates: Markets fall further on Wall Street as jobs report, revisions set off economic alarm bells (The Hill)
https://thehill.com/homenews/administration/5430914-live-updates-jobs-economy-trump-tariffs/
http://www.memeorandum.com/250801/p77#a250801p77

UN Expert Calls for 'Defossilization' of World Economy, Criminal Penalties for Big Oil Climate Disinformation | Common Dreams
https://www.commondreams.org/news/fossil-fuel-lobbying

The Middle-Class Vibe Has Shifted From Secure to Squeezed (Wall Street Journal)
https://www.wsj.com/economy/consumers/the-middle-class-vibe-has-shifted-from-secure-to-squeezed-a41f64f8?st=2uKhFo&reflink=desktopwebshare_permalink
http://www.memeorandum.com/250831/p68#a250831p68

“The Americans must understand—any US military incursion will undoubtedly lead to irreversible consequences.”
Experts believe one of the repercussions of US military adventurism against the Islamic Republic would be the closure of the Strait of Hormuz, which Iran controls.
According to Tanker Trackers data, more than 80 percent of oil passes through this narrow strip 
-- and if it’s closed, the global economy and energy sector will be dealt a heavy blow.
Most multi-nation…

Strait of Hormuz closure in event of US aggression against Iran to paralyze world economy
As regional tensions escalate amid the Israeli regime’s brutal aggression against the Islamic Republic, the possibility of the closure of Strait of Hormuz is a possibility, according to experts.

Kremlin's war economy shows cracks as military spending boom fades: https://benborges.xyz/2025/07/06/kremlins-war-economy-shows-cracks.html

US Economy Expands at Revised 3.3% Rate on Stronger Investment (Mark Niquette/Bloomberg)
https://www.bloomberg.com/news/articles/2025-08-28/us-economy-expands-at-revised-3-3-rate-as-investment-improved
http://www.memeorandum.com/250828/p51#a250828p51

White House says economy is 'back on track' despite 'soaring' prices — Americans disagree - Alternet.org
https://www.alternet.org/trump-economy-soaring-prices/

Trump's Sweeping Tariffs Invalidated by Appeals Court (New York Times)
https://www.nytimes.com/2025/08/29/business/economy/trump-tariffs-appeals-court.html
http://www.memeorandum.com/250830/p5#a250830p5

Fed Governors Could Break Ranks as Trump Intensifies Powell Pressure (Nick Timiraos/Wall Street Journal)
https://www.wsj.com/economy/central-banking/fed-interest-rates-dissent-powell-trump-83f4f49e
http://www.memeorandum.com/250730/p2#a250730p2

Trump envisions a global baseline tariff rate of 15 to 20 percent (Rob Wile/NBC News)
https://www.nbcnews.com/business/economy/trump-tariffs-are-here-to-stay-why-what-to-know-rcna221571
http://www.memeorandum.com/250729/p2#a250729p2

Half of Americans think Trump economy getting worse, Times poll says (David Charter/The Times)
https://www.thetimes.com/article/10842168-ad28-4711-a542-d1b8f982a7ae
http://www.memeorandum.com/250731/p62#a250731p62

GDP growth for second quarter revised up to 3.3% rate (Zach Halaschak/Washington Examiner)
https://www.washingtonexaminer.com/policy/finance-and-economy/3785070/gdp-growth-for-second-quarter-revised-up-to-3-3-rate/
http://www.memeorandum.com/250828/p50#a250828p50

Trump Effect Starts to Show Up in Economy (David Uberti/Wall Street Journal)
https://www.wsj.com/economy/trump-effect-starts-to-show-up-in-economy-45c83c7a
http://www.memeorandum.com/250716/p17#a250716p17

Trump and EU Reach Tariff Deal, Avoiding Trade War (Kim Mackrael/Wall Street Journal)
https://www.wsj.com/economy/trade/trump-says-he-has-a-tariff-deal-with-european-union-avoiding-trade-war-3ca72c5d
http://www.memeorandum.com/250727/p36#a250727p36

Trump and the EU Dodge a Trade War (Wall Street Journal)
https://www.wsj.com/opinion/trump-and-the-eu-dodge-a-trade-war-tariffs-policy-economy-0064e989?st=PTVtwa&reflink=article_copyURL_share
http://www.memeorandum.com/250727/p63#a250727p63

Trump, chairman of corporate America (Ben Berkowitz/Axios)
https://www.axios.com/2025/08/26/trump-intel-economy-government-stake
http://www.memeorandum.com/250826/p7#a250826p7

Wall Street likes the economy more than voters (Madison Mills/Axios)
https://www.axios.com/2025/07/21/trump-wall-street-voters-tariffs-economy
http://www.memeorandum.com/250721/p44#a250721p44

'Uncharted Waters': Trump's Attempt to Take Charge of the Fed (Wall Street Journal)
https://www.wsj.com/economy/central-banking/uncharted-waters-trumps-attempt-to-take-charge-of-the-fed-a2548461?st=JtyxZ3&mod=flipboard
http://www.memeorandum.com/250826/p86#a250826p86