Tootfinder

Financial stress from AI infrastructure spending, overhiring, and recession fears, rather than AI adoption, is likely driving layoffs in the tech sector (Fast Company)
https://www.fastcompany.com/91435192/chatgpt-llm-openai-jobs-amazon

AI isn't replacing jobs. AI spending is
Big spending on artificial intelligence puts pressure on jobs, as gloomy narratives about the future of work are ironically making new graduates less employable.

Layoffs rise to recession-like levels through October, new report says (Abha Bhattarai/Washington Post)
https://www.washingtonpost.com/business/2025/11/06/job-cuts-accelerate-october-layoffs-trump/
http://www.memeorandum.com/251106/p10#a251106p10

A package of three normal-sized ribeye steaks is now $80, at CostCo—which is cheaper than other places.
I’m sure we’re totally not in a recession.

Relaxation of quasi-convex functionals with variable exponent growth
Giacomo Bertazzoni, Petteri Harjulehto, Peter H\"ast\"o, Elvira Zappale
https://arxiv.org/abs/2510.04672

Relaxation of quasi-convex functionals with variable exponent growth
We prove a relaxation result for a quasi-convex bulk integral functional with variable exponent growth in a suitable space of bounded variation type. A key tool is a decomposition under mild assumptions of the energy into absolutely continuous and singular parts weighted via a recession function.

Twenty-two U.S. states are either on the brink of an economic recession or already in one,
according to a new analysis from Moody's Analytics.
Moody's Chief Economist Mark Zandi shared the findings,
saying that states making up nearly a third of the national gross domestic product
are either in or at high risk of recession,
with another third just holding steady, and the remaining third growing.

AI is here to stay and will add value after a phase of finding out what works and what does not. In financial terms there is however a bubble that will explode....
https://fortune.com/2025/09/23/ai-boom-unsustainable-tech-spending-parabolic-deutsche…

The AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’
“In the absence of tech-related spending, the U.S. would be close to, or in, recession this year,” George Saravelos says.

Bessent believes there won't be a recession in 2026 but says some sectors are challenged (Annie Nova/CNBC)
https://www.cnbc.com/2025/11/23/bessent-economy-no-recession-2026.html
http://www.memeorandum.com/251123/p65#a251123p65

The Non-Attainment Phenomenon in Robust SOCPs
Vinh Nguyen
https://arxiv.org/abs/2510.00318 https://arxiv.org/pdf/2510.00318

The Non-Attainment Phenomenon in Robust SOCPs
A fundamental theorem of linear programming states that a feasible linear program is solvable if and only if its objective function is copositive with respect to the recession cone of its feasible set. This paper demonstrates that this crucial guarantee does not extend to Second-Order Cone Programs (SOCPs), a workhorse model in robust and convex optimization. We construct and analyze a rigorous counterexample derived from a robust linear optimization problem with ellipsoidal uncertainty. The re…

Treasury secretary says there won't be a recession in 2026 (Alexandra Marquez/NBC News)
https://www.nbcnews.com/politics/trump-administration/treasury-secretary-bessent-us-wont-enter-recession-2026-economy-rcna245411
http://www.memeorandum.com/251123/p41#a251123p41

When it's observable that the very rich are steadily growing richer while the vast majority of people are growing poorer, it's obvious that the tax system is not neutral: it is actively redistributing wealth upwards. For the tax system to be neutral, it MUST tax the very rich much more. To do so is not redistributive, at least until it actively causes a net movement of wealth towards the poor: rather it is simply neutral.

How Has Inequality Changed? - Equality Trust
Levels of inequality changed dramatically over the course of the 20th century. Overall income inequality fell from a high point in the 1930s, remained fairly static until 1979, and then increased dramatically from 1979 to 1991. Since 1991, the trend has been more volatile, affected by Great Recession of the late 2000s and the Covid-19 […]