2161. Lessons From the Newark Debacle
The post examines the air traffic control crisis at Newark, attributing it to staffing shortages and government mismanagement, while critiquing anti-government rhetoric and privatization efforts.
2162. NAHB: "Soft Spring Selling Season Takes a Toll on Builder Confidence" in May
Builder confidence has declined due to high interest rates, tariff uncertainties, and material costs, impacting the housing market's performance in the spring selling season.
2163. Walmart says higher prices from tariffs coming as soon as this month
Higher tariffs on imports, especially from China, will lead to increased prices for consumers, as Walmart cannot absorb all the costs.
2164. Industrial Production Unchanged in April
Bill McBride discusses the unchanged industrial production in April, highlighting declines in manufacturing and mining offset by growth in utilities output and capacity utilization rates.
2165. Retail Sales Increased 0.1% in April
Bill McBride discusses the April retail sales data, highlighting a 0.1% monthly increase and a 5.2% annual rise in sales figures.
2166. Under attack, public media makes its case to Congress and the courts
David Folkenflik discusses public media officials advocating for continued funding in Congress amid threats from the Trump administration.
2167. The Tax Collector
Rund Abdelfatah discusses the transformation of the IRS into a powerful government tool through the pursuit of Al Capone.
2168. Bond market nightmares
Wailin Wong discusses investor reactions in the bond market and their implications for U.S. Treasuries and economic uncertainty.
2169. America has become a laughingstock
Noah Smith discusses America's recent political and economic challenges, particularly focusing on Trump's tariff policies and their implications for the country's international reputation.
2170. Ford recalls nearly 274,000 SUVs due to issues with loss of brake function
The Associated Press reports on Ford's recall of nearly 274,000 SUVs due to potential brake function loss linked to installation defects.
2171. Economic Policy Uncertainty since 1985, Impact on GDP
An argument that economic policy uncertainty negatively impacts GDP, with data illustrating the relationship between shocks in uncertainty and declines in economic performance.
2172. Is the cure worse than the disease?
Scott Sumner discusses the implications of Trump's policies on DEI and civil rights, highlighting the complexities of ideological diversity and free speech.
2173. Thursday: Unemployment Claims, Retail Sales, PPI, NY & Philly Fed Mfg, Fed Chair Powell Speaks, Industrial Production, Homebuilder Survey
The post outlines key economic reports and data releases scheduled for Thursday, including unemployment claims, retail sales, PPI, and manufacturing surveys.
2174. What happened to U.S. farmers during the last trade war
Amanda Aronczyk discusses the impact of the 2018 trade war on U.S. farmers, highlighting tariffs, government interventions, and the long-term effects on agriculture.
2175. The Firm: Disco Corp. and Ronald Coase
Pierre Lemieux discusses Disco Corp.'s radical free-market experiment and its implications for firm structure, referencing Ronald Coase's theories on transaction costs and organizational management.
2176. Fewer Rules, Better People: Discretion and Dispersed Information
An argument that discretion in law enforcement can yield better outcomes than strict legalism, particularly in domestic violence cases, despite unintended consequences from mandatory arrest policies.
2177. Is This the Year We Doom Civilization?
An argument that proposed cuts to social programs and renewable energy funding threaten low-income Americans and exacerbate climate change, highlighting the intersection of politics and economics.
2178. Why has American pop culture stagnated?
Noah Smith discusses perceived stagnation in American pop culture, citing trends in music, movies, and nostalgia among different generations.
2179. MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications rose slightly, driven by increased purchase activity, while refinance applications saw a minor decline, reflecting steadier mortgage rates and improved home inventory.
2180. Perturbation Of A Model Of The Recurrence Of Truncation
The discussion focuses on the perturbations in production coefficients and markups affecting the recurrence of truncation in two industries: machines and corn.