Posts by TimothyNoah@journa.host
(DIR) Post #ASJFGHPDQqnoWqEoYi by TimothyNoah@journa.host
2023-02-03T17:12:11Z
0 likes, 0 repeats
Yes, unemployment is at a 54-year low. But a closer look at today's jobs numbers shows that the tight labor market is sailing into the sunset. Follow the money: wage growth has been falling for a year. Bosses couldn't be more delighted.https://newrepublic.com/article/170392/january-jobs-report-2023-workers-losing-leverage
(DIR) Post #ASoMEHnrpxGGtGPivg by TimothyNoah@journa.host
2023-02-18T17:22:28Z
0 likes, 1 repeats
Norfolk Southern invested more than twice as much last year in stock buybacks and dividends as in railways and operations. The East Palestine derailment makes it the new poster child for Biden’s proposed quadrupling of the tax on stock buybacks. https://newrepublic.com/article/170456/biden-4-percent-tax-stock-buybacks-republican-fools
(DIR) Post #AT4m60eDRZvyhgyLNw by TimothyNoah@journa.host
2023-02-26T15:50:01Z
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The good news is those Cheetos you ate for breakfast were made in the U.S. The bad news is they were made with child labor. Practically every corner of US manufacturing uses underage migrant labor. It’s illegal but commonplace. Shocking, important story.https://www.nytimes.com/2023/02/25/us/unaccompanied-migrant-child-workers-exploitation.html?smid=nytcore-ios-share&referringSource=articleShare
(DIR) Post #ATNTaHnghqA5grcbke by TimothyNoah@journa.host
2023-03-07T16:18:43Z
0 likes, 1 repeats
Buybacks are defended on the grounds that corporations have more revenue than they can wisely spend. But many of them—by one estimate, more than half—are financed with debt. My latest: https://newrepublic.com/article/171000/journalists-warren-buffett-defend-stock-buybacks-corporate-greed
(DIR) Post #ATaMGogQZ6AHG7TRS4 by TimothyNoah@journa.host
2023-03-13T21:29:07Z
1 likes, 0 repeats
The 5th Circuit said CFPB can't give poor folks protection from payday lenders b/c Congress doesn't appropriate CFPB funds; it gets its money through bank fees. FDIC uses the SAME arrangement to bail out idiot bank depositors and nobody squawks. https://newrepublic.com/article/171116/silicon-valley-bank-idiot-business-bailout
(DIR) Post #ATg4U9l5myy8HQfOxU by TimothyNoah@journa.host
2023-03-16T15:30:51Z
0 likes, 1 repeats
Landlords make more profit in low-income neighborhoods (nearly $300 per apartment) than in rich neighborhoods ($250) or middle-class ones ($225). That's b/c mortgages are much lower in poor neighborhoods while rents charged are only slightly lower. https://www.washingtonpost.com/books/2023/03/16/poverty-desmond-paradox-rank-essay/
(DIR) Post #AToX9QkhrZqAq6dQxc by TimothyNoah@journa.host
2023-03-20T17:22:57Z
0 likes, 1 repeats
Food workers are twice as likely as other workers to be on food stamps. Corporate food giants score a double subsidy—one by getting Uncle Sam to help pay its workers’ wages, and another by having this assistance delivered in the form of vouchers for its own products (food). ---RT @nminowCorporations are the real welfare queens. https://blog.ucsusa.org/alice-reznickova/how-big-food-corporations-take-advantage-of-snap/https://twitter.com/nminow/status/1637851531805351944
(DIR) Post #AU0FzGA1swA4su12oa by TimothyNoah@journa.host
2023-03-25T14:37:33Z
0 likes, 1 repeats
1. My blue check was bestowed because I write for a living, which means when I post here I work for no pay. Now Twitter says I have to pay for this designation, which marks me as a sucker, starting either March 23 or March 26, according to two conflicting communications.
(DIR) Post #AU0FzHxLD5CUS85wJc by TimothyNoah@journa.host
2023-03-25T14:37:34Z
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2. Not happening. I only ever got the coveted blue check because my then-employer, Politico, wanted it. It took some doing because there were existing Twitter accounts that pretended to be me, presumably to gain access to my bank account.
(DIR) Post #AU0FzJgklj7VpGLijo by TimothyNoah@journa.host
2023-03-25T14:42:41Z
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3. I don’t make a great study of these things but I note that my tweets don’t travel as widely as they used to. I haven’t lost followers, but I have lost “likes” and retweets and also lost belligerent responses based on bad-faith reading. Obviously I don’t miss the latter.
(DIR) Post #AU0FzLTi7BsLNOGKga by TimothyNoah@journa.host
2023-03-25T14:42:42Z
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4. The whole thing—not just Twitter but other social media too—is starting to look like a waste of my time. And I really don’t like the guy, @elonmusk, who owns this site. I almost quit after he posted that vile crap about Paul Pelosi. And I don’t like his union-busting.
(DIR) Post #AU0FzNQwqQr1ROz9eq by TimothyNoah@journa.host
2023-03-25T15:00:09Z
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5. So that’s where I am, as Musk prepares to rip stripes off my shoulder because I won’t pay up.
(DIR) Post #AU0FzPKdmqztKQ396W by TimothyNoah@journa.host
2023-03-25T15:00:10Z
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6. I don’t think these thoughts are unique to me, especially among my fellow soon-to-be checkmark-deprived. A lot of us see severely diminishing returns to the whole enterprise. The End.
(DIR) Post #AU8qKR8fpFDCAjmaem by TimothyNoah@journa.host
2023-03-30T12:47:10Z
0 likes, 1 repeats
“It seems as though you feel only a bad company should be unionized,” Sen. Tina Smith (D.-Minn.) told Howard Schultz. “Starbucks doesn’t need a union because you are a good company. I think, Mr. Schultz, that is not your decision to make.” Exactly. https://newrepublic.com/article/171474/howard-schultz-starbucks-senate-union-busting-excuse-public-housing
(DIR) Post #AUqQScB5kKocb9utEG by TimothyNoah@journa.host
2023-04-20T13:13:50Z
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My latest: How the Democrats may fail the working class yet again, this time by failing to confirm Julie Su. https://newrepublic.com/article/172070/julie-su-biden-labor-department-nominee-sunk-democrats
(DIR) Post #AVkFRWOCBtM7bAU6L2 by TimothyNoah@journa.host
2023-05-17T11:44:43Z
0 likes, 3 repeats
I would like to thank Elon Musk for posting a hateful antisemitic tweet and then defending it like a bratty five year-old, thereby reminding me that my quitting Twitter a few weeks ago was an absolute moral necessity. If I hadn’t done it then I’d have to do it now.https://www.cnbc.com/2023/05/16/elon-musk-defends-inflammatory-tweets-ill-say-what-i-want.html
(DIR) Post #AX9dfh7dHwR67DP4Ns by TimothyNoah@journa.host
2023-06-28T13:02:26Z
0 likes, 1 repeats
“Fascist” is not a term I use lightly, but the Silicon Valley vogue for administering performance-enhancing drugs to improve human capital is, well, fascist. My latest: https://newrepublic.com/article/173957/microdosing-silicon-valley-boss-dope-workers
(DIR) Post #AY1tGvElU9GZ7RAhw8 by TimothyNoah@journa.host
2023-07-24T14:45:39Z
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I've noticed that most news organizations now decline to furnish links to research papers or articles from other publications that they cite, presumably fearing to tempt readers to click away from their own website. This withholds necessary information from the reader. It also deprives the news industry of valuable transparency. I have always tried to be generous with links to original sources whenever possible, because as a reader I crave them myself. Readers, please raise a stink about this.
(DIR) Post #AYcbeDXt9abeTYA9k8 by TimothyNoah@journa.host
2023-08-11T12:50:38Z
0 likes, 1 repeats
My latest: Let’s replace the Fed’s totally arbitrary 2 percent inflation target (even Larry Summers is fine with 3 percent) with a “misery index” target (unemployment plus inflation) to fulfill the Fed’s “dual mandate.”https://newrepublic.com/article/174958/fed-reserve-obsessed-2-percent-inflation
(DIR) Post #AdS4gvqIZfKQ5d4MIS by TimothyNoah@journa.host
2024-01-03T00:14:10Z
0 likes, 1 repeats
My latest: Harvard wants you to think Claudine Gay got hounded out of its presidency by politics. Because the alternative is to advertise a seriously embarrassing plagiarism scandal.https://newrepublic.com/article/177814/claudine-gay-resignation-plagiarism-israel