talmon joseph smith @talmonsmith Twitter profile | Pikagi

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talmon joseph smith

@talmonsmith

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3,189

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economics reporter @NYTimes for @nytimesbusiness || formerly @GQmagazine , NYU, @tufts || newyorleanian || talmon.smith @nytimes .com|| rep’d by @aevitascreative

NYC via NOLA⚜️

https://t.co/zEUCGxdsm5

Joined September 2015

Don't wanna be here? Send us removal request.

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@talmonsmith

talmon joseph smith

1 year

Breaking: my @NYTimes investigation w/ @Fahrenthold reveals The Natl Restaurant Association’s lucrative scheme: $$ fees unwitting workers pay for ‘food safety certification’ are funneled to cover the costs of the groups’ Goliath battle against higher wages

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How Restaurant Workers Help Pay for Lobbying to Keep Their Wages Low (Published 2023)

The National Restaurant Association uses mandatory $15 food-safety classes to turn waiters and cooks into unwitting funders of its battle against minimum wage increases.

www.nytimes.com

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@kait_shirokuma

@unherd

@talmonsmith

talmon joseph smith

3 years

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@talmonsmith

talmon joseph smith

6 years

Lol. Behold the famous young racist @TomiLahren getting jiggy to 21 Savage, born Shayaa Bin Abraham-Joseph in 1992, in Dominica—another black Caribbean island that by POTUS’ racist logic is a “shithole.” Like the wiseman once said: “y’all love everything about us, but us.”

@ronakkallianpur

Ronak Kallianpur

@ronakkallianpur

6 years

NO NO NO NO

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@talmonsmith

talmon joseph smith

1 year

man, so many homeless people are about to die from this weather around the country, and it’s a policy choice.

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@talmonsmith

talmon joseph smith

2 years

Its “absolutely insane” @ Twitter right now in the virtual valves of private slack rooms & employee group texts, according to an internal source. Their take/breakdown just now: “I feel like im going to throw up..I rly don’t wanna work for a company that is owned by Elon Musk”…1/

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@talmonsmith

talmon joseph smith

2 years

The employee continued re Elon: 3/“ I feel like he’s this petulant little boy and that he’s doing this to troll…he doesn’t know anything about our policies and what we do…his statement about our algo was fucking insane… “Were just gonna let everyone run amok?…nobody knows”

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@talmonsmith

talmon joseph smith

1 year

new paper: the 2021 Child Tax Credit — which from July to Dec 2021 gave qualifying families up to $3,600 per child in auto monthly payments — not only appeared to “reduced child poverty by half” it also notably “improved the mental health of adults in the lowest-income families.”

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@talmonsmith

talmon joseph smith

2 years

2/ The source at Twitter continued “I don’t rly know what I’m supposed to do…oh my god, my phone’s been blowing up…We have a meeting about it at 5pm…the CEO is going to address everyone about it” (it=elon) “I hate him, why does he even want this?” they asked…

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@talmonsmith

talmon joseph smith

1 year

yo this is getting wild, @lopezlinette is both a great markets reporter and someone who also just happens to have done great investigative work on @elonmusk ’s $TSLA

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@talmonsmith

talmon joseph smith

1 year

blue check corporate impersonation as an ironic accidental populist tool. nice.

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@talmonsmith

talmon joseph smith

1 year

President Barack Obama was inaugurated 14 years ago today

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@talmonsmith

talmon joseph smith

4 years

A wk ago I got a tip: a leading $-in-politics watchdog is about to file a massive report to the FEC saying Trump2020 has "disguised nearly $170mill dollars of campaign spending by laundering the funds through firms headed" by top officials. It's out today:

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Trump Campaign ‘Laundering’ Campaign Finance Money, Election Watchdog Says

A new complaint alleges that the Trump reelection team has taken its opaque spending so far that it is, in effect, breaking election laws.

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@talmonsmith

talmon joseph smith

2 years

hello: for @NYTimes i'm investigating the prevalence of wage theft for tipped workers -- who in most states bosses can legally pay below min wage *if* that subminimum + tips *always* = min wage pay.. if youve lost $ via noncompliance with that law, email talmon.smith @nytimes .com

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@talmonsmith

talmon joseph smith

1 year

1/Months in the making, here's the final cut of my story on the long-awaited wealth transfer, no longer in the future tense: We're closer to 2053 than 1992. Elites are already disbursing to heirs while alive. The masses likely need luck or a paradigm shift

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The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners

In an era of surging home and stock values, U.S. family wealth has soared. The trillions of dollars going to heirs will largely reinforce inequality.

www.nytimes.com

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@talmonsmith

talmon joseph smith

3 years

What happened to follow the science

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@talmonsmith

talmon joseph smith

4 months

NYT: "More than 90% of Palestinians in the territory say they have regularly gone without food for a whole day, according to the United Nations."

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talmon joseph smith

3 years

This is a critique that — all things considered — is awfully hard to discount. And it was* hypocritical to ignore it at the height of the protests.

@MattWalshBlog

Matt Walsh

3 years

Your kids had to go to school on their computers for a year and your grandfather had to die alone and your neighborhood bar had to go bankrupt because of covid but this is perfectly okay

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@talmonsmith

talmon joseph smith

1 year

tight labor markets⤵️

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talmon joseph smith

2 years

“Inflation ran at 8.5% in the year ending last month, while nominal wages grew only 5.6%, a decline in inflation-adjusted wages of 2.7%,” Mr. Pauly D explained. “This presents a serious challenge to the ‘hot economy’ thesis that tighter labor markets lead to rising real wages.”

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@talmonsmith

talmon joseph smith

2 years

News: after months of calls & crawls through US bars & restaurants, my report for The Times finds, even now, in a historic robust labor market, wage theft, exploitation & lagging real wages related to the subminimum system for tipped workers is rampant..1/

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Battle Over Wage Rules for Tipped Workers Is Heating Up (Published 2022)

A system counting tips toward the minimum wage is being fought in many places. Critics say it’s often abused. Defenders say workers benefit overall.

www.nytimes.com

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@talmonsmith

talmon joseph smith

2 years

wage theft vs other forms of theft in US

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@talmonsmith

talmon joseph smith

2 years

News: after months of calls & crawls through US bars & restaurants, my report for The Times finds, even now, in a historic robust labor market, wage theft, exploitation & lagging real wages related to the subminimum system for tipped workers is rampant..1/

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@talmonsmith

talmon joseph smith

4 years

This month I biked and drove around my hometown reporting, talking to New Orleanians about the lessons (many unlearned) from Katrina. All those in my old neighborhood who died due to govt ineptitude deserve more than this, but I hope it does some justice.

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Remembering Katrina and Its Unlearned Lessons, 15 Years On (Published 2020)

There’ve been so many storms — literal, cultural and political — since the hurricane hit New Orleans. But for the sake of all cities, we can’t forget it.

www.nytimes.com

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talmon joseph smith

10 months

New: for pt 2 in my inequality series for @nytimes , i dug into a deeply painful paradox: if we've truly had 2 jobs for every 1 unemployed person, how is it that ~60% of all those leaving prison are unemployed (*seeking and not finding work*) a year later?

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Ex-Prisoners Face Headwinds as Job Seekers, Even as Openings Abound

An estimated 60 percent of those leaving prison are unemployed a year later. But after a push for “second-chance hiring,” some programs show promise.

www.nytimes.com

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talmon joseph smith

2 years

5/ lastly, there’s the harsh irony of this takeover process in which the push notification Breaking News is news to the firm’s workers too: “Everything I know about what’s going on I’ve heard about on Twitter…nobody is saying s*%# to us…I’m just going to try to do my job…”

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@talmonsmith

talmon joseph smith

3 years

The wildest thing about Jerome Powell is that he is a white man named Jerome.

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talmon joseph smith

5 years

I left work to get a slice, saw a guy getting rocked by police, saw the guy filming it and loudly protesting it get wailed on, filmed that, then after a bit of reporting, wrote this:

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@talmonsmith

talmon joseph smith

1 year

*not only appears to have "reduced child poverty by half" (typo) --also: "there were no changes in mental health care use" may be the most telling bit. de-stigmatizing therapy has been a good trend. but it seems simply being able to make ends meet causes big stress-reduction too

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@talmonsmith

talmon joseph smith

4 years

.⁦ @nytimes ⁩ found, at least 70 ppl have died in law enforcement custody after saying the same words — “I can’t breathe.” The dead ranged from 19 to 65. The majority of them stopped or held over nonviolent infractions... More than half were black.

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Three Words. 70 Cases. The Tragic History of ‘I Can’t Breathe.’ (Published 2020)

The deaths of Eric Garner in New York and George Floyd in Minnesota created national outrage over the use of deadly police restraints. There were many others you didn’t hear about.

www.nytimes.com

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@talmonsmith

talmon joseph smith

2 months

Jerome Powell

@he1kumwya

helkum

2 months

what’s the “blackest” name you have ever heard?

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talmon joseph smith

7 months

it's actually crazy that we have cars in and around Times Square still. everything in between 8th ave and 6th ave/bryant park down to 38th up to 48th should just be a huge greenified pedestrian plaza with bike lanes. some lanes for police presence. ta da: Midtown 10,000x better

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talmon joseph smith

3 years

What a mess. CDC about to reverse on indoor masking for the *vaccinated*. This is some serious nanny state stuff that will only breed resentment. Covid was always going to be endemic and the response heavily reliant on personal responsibility.

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@talmonsmith

talmon joseph smith

3 months

hung out at a low-key dinner party kind of thing with my gf and some friends. all highly educated. all had no idea what the CHIPS Act was what the IRA did or a clear memory of the ARP sure theyre not swing voters in a swing state. but the Biden Econ team has a LOT of work to do!

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@talmonsmith

talmon joseph smith

4 months

BofA CEO: "the cohort of consumers that had between 2 and $5k in their account prepandemic, average of about $3,200/3,400, they're now still sitting with about 13k in their account...it has come down from a peak of $13.4k to about $12.8k but still much higher than it was before."

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talmon joseph smith

3 years

“Yang proposes that the city hire 10,000 recent college graduates to tutor the 100,000 public-school kids suffering most from learning loss due to the pandemic.”

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What If Andrew Yang Wins?

His proposals are radical. He’s obsessed with robots. He’s never even worked in government. And next year he might be running New York.

www.theatlantic.com

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@talmonsmith

talmon joseph smith

6 years

Just thought “what would happen if Kavanaugh was black” and almost died of laughter

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talmon joseph smith

11 months

a lot of fascinating things to work on and digest today, but the biggie for me: The Federal Reserve is no longer softly projecting a recession in its big group forecast. despite hinting at a willingness to hike rates higher, it is now, in essence, projecting a soft landing. wow.

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talmon joseph smith

5 years

When you deny the United States has for the vast majority of its history been a racist enterprise, you light a fire that will eventually consume you too.

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@talmonsmith

talmon joseph smith

6 years

Did a little campaign finance digging for the @newrepublic & found *9 of the 12* Democrats cosponsoring the rollback of Dodd-Frank count the banks as either their biggest or second-biggest donor—and talked w/ staffers about the political & economic gamble Senate Dems are taking.

@newrepublic

The New Republic

6 years

How Democrats are helping Trump dismantle Dodd-Frank:

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talmon joseph smith

11 months

lol (h/t @fiat_money )

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talmon joseph smith

4 years

In '08, @jonfavs told me, “We thought, ‘How do we make sure we are speaking to the anxieties people have about the economic inequality in this country while also speaking to the desires they have to pull ourselves together as one country...?’”

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Opinion | The Return of Barack Obama (Published 2020)

Many young progressives, conflicted about the former president’s legacy, welcomed his re-emergence this week.

www.nytimes.com

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@talmonsmith

talmon joseph smith

3 years

More than worth it to drop whatever you’re doing and read this to the end: “It may be awkward to acknowledge, but it needs to be permissible in polite society to admit that the interplay between money and status... has a role in the teacher pipeline issue”

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Opinion | The Case for Paying All Teachers Six Figures (Published 2021)

The pandemic gave us a newfound appreciation for educators. Now let’s compensate them accordingly.

www.nytimes.com

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@talmonsmith

talmon joseph smith

4 years

Shouldn’t even be a thing.

@CNBCMakeIt

CNBC Make It

4 years

Here's what you need to know about paying taxes on unemployment benefits.

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@talmonsmith

talmon joseph smith

9 months

interrupting some offline work to chime back in with nothing more or less than this key reminder via @JosephPolitano

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talmon joseph smith

18 days

the truth has been spoken: "today, governments sell bonds to protect something more valuable than gold: a well-guarded secret about the true nature of their fiscal capacities, which, if widely understood, might lead to calls for "overt monetary financing" to pay for public goods"

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@martinwolf_

Martin Wolf

19 days

Martin Wolf: The tree of debt must stop growing

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@talmonsmith

talmon joseph smith

2 years

6/… For more, read the fantastic unfolding coverage of the takeover from @kateconger & several others on our NYT Biz team:

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Twitter Employees Search for Answers as Musk Takeover Becomes Reality (Published 2022)

Workers say they have been left largely in the dark about what a sale to the billionaire will mean for them and their shares in the company.

www.nytimes.com

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@talmonsmith

talmon joseph smith

3 years

If you do one thing this Sunday, take some time to read @hmcghee essay adaptation of her book "The Sum of Us," from this weekend's Sunday Review. It, analytically, beats the most crucial drum there is to beat right now: racism is ruining everyone's $$$ 1/

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Opinion | The Way Out of America’s Zero-Sum Thinking on Race and Wealth (Published 2021)

The evidence shows we all lose when society’s overwhelmed by white resentment and win when we organize across our differences.

www.nytimes.com

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talmon joseph smith

1 year

this isn't my arena (macro, markets, labor) but read @JerusalemDemsas for good heterodox takes on housing: in musical chairs "...chairlessness itself is an inevitability: The only reason anyone is without a chair is because there aren’t enough of them."

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talmon joseph smith

3 years

Weird/telling thing about left of center twitter discourse right now is that for coalition reasons all the wrath directed at MAGA country for this delta spike is absent wrt the POC in blue cities that are a big reason for the vax stalling where Blue Check Twitter actually lives

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talmon joseph smith

1 year

"The funding caps in the House Republican bill would cut discretionary spending by an average of 18% over the next decade. But if 3 major programs are left untouched, the remaining areas would have to be cut by half." brilliant from @sangerkatz . it's not biased to call BS on BS

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@sangerkatz

Margot Sanger-Katz

1 year

When I was reporting on this story about the fiscal impacts of the GOP debt ceiling bill, I stumbled upon a provision that was getting very little attention but would be hugely consequential.

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talmon joseph smith

11 months

OK quick update: so in response to our @NYTimes investigation's findings Calif. senators created a bill - SB476 - that passed the CA senate 30-9 this week: it will require that *restaurants* now pay for employee certification & the time to complete safety & handling training...

@talmonsmith

talmon joseph smith

1 year

Breaking: my @NYTimes investigation w/ @Fahrenthold reveals The Natl Restaurant Association’s lucrative scheme: $$ fees unwitting workers pay for ‘food safety certification’ are funneled to cover the costs of the groups’ Goliath battle against higher wages

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talmon joseph smith

3 years

Forget gerrymandering, Democrats may end up getting crushed in ‘22 just off of these late stage covid protocols alone.

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talmon joseph smith

5 years

. @WritersofColor our desk at NYT is looking for uniquely argued opinion essays about the Academy Awards: who/what should win, a funny case for there being 2nd place, a reflection on one of the nominated ppl/films that hasn’t been explored. Whatever works! talmon.smith @nytimes

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@talmonsmith

talmon joseph smith

3 years

Masking in airports is comically ridiculous at this point. You’re sitting at a gate across from a full bar and restaurant where absolutely no one is masked. Covid risk obviously disappears there and reappears mere feet away.

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@talmonsmith

talmon joseph smith

5 years

@RealJamesWoods @RacismDog

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talmon joseph smith

3 years

To those worrying about an already-over-juiced-recovery, Black unemployment is still at ~10%. That is all.

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@talmonsmith

talmon joseph smith

4 months

Merry Christmas Eve from former New York Federal Reserve Chair Beardsley Ruml, dropping (long forgotten) facts:

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talmon joseph smith

9 months

NYT Exclusive: In a sharply worded letter sent to Chair Powell shared with The Times, Senator Warren warned further rates hikes “disproportionately threaten Black workers...and risk fully reversing the extraordinary labor market gains we have seen over the economic recovery...”

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@talmonsmith

talmon joseph smith

5 years

The back half of this is the part to listen to. Prescient from @davidfrum .

@Channel4News

Channel 4 News

6 years

“If the situation is as bad as feared, it’s a much bigger scandal than Watergate.” Senior Editor of The Atlantic, David Frum, says of the Mueller investigation that “nothing like what has been alleged against Donald Trump has ever happened before in American history.”

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talmon joseph smith

7 years

. @chrisgayomali dug up a super relevant @AP report from the archives and I wrote about its context now as Irma threatens Florida:

@GQMagazine

GQ Magazine

7 years

Remember when Trump pocketed millions in hurricane insurance for Mar-a-Lago damage that never happened?

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talmon joseph smith

4 months

this AM from Mastercard pulse data: retail sales ex-autos increased 3.1% year-over-year vs the 2022 holidays Online retail sales up 6.3% YOY Restaurant sector up 7.8% YOY happy boxing day. wake me up when there's a recession, or when breakfast is ready, i'm going back to sleep

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talmon joseph smith

6 years

From the AP story, Speaker @PRyan is citing here: "Wayne Love, who works in managed care in Spring Hill, Florida, got an extra $200 in his paycheck last week, which he said will help offset a $300 increase in the cost of his health insurance."

@PRyan

Paul Ryan

6 years

“I have heard time and again that the middle class is getting crumbs, but I’ll take it!”

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talmon joseph smith

2 years

“If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” said Oxfam International’s Executive Director Gabriela Bucher.

@CNBC

CNBC

2 years

"Obscene inequality": Oxfam says taxing the world's richest could help save lives

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talmon joseph smith

1 year

me talking to wall st sources today about the SVB Financial situation

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talmon joseph smith

10 months

new data: a huge gain in consumer sentiment per the Univ of Michigan’s measure of consumer confidence -- jumped way more than expected: the largest gain in sentiment *since 2006*

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talmon joseph smith

3 years

Wild living in bklyn walking your dog and just seeing thru ppl’s foyer windows multiple households all watching primetime MSNBC block by block by block by block by block.

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talmon joseph smith

3 years

New York Times, A1, tmrw Nov 8th.

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talmon joseph smith

24 days

new Deloitte private company survey: "If your organization meets its productivity goals in the next 12 months, where do you plan on allocating the additional resources created by the productivity increases? (Select up to 3)" "Employee compensation & benefits" = dead last lol

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talmon joseph smith

3 years

In his memoir “A Promised Land,” Mr. Obama chronicles his regret that he “hadn’t had the foresight” to rally Senate Democrats to “to revise the chamber rules and get rid of the filibuster once and for all.”—⁦ @AJentleson ⁩

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talmon joseph smith

6 years

This was good af

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talmon joseph smith

9 months

one of my oldest pals, constitutionally incapable of getting hired due to hilariously long gaps in his resume, just got a big job offer.....U3 is going to 3.1%😅

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@talmonsmith

talmon joseph smith

1 year

For Jobs Day, my A1 story for @nytimesbusiness : For 23 months now, the inflation rate has run higher than the growth rate of wages--which are also running *much* lower than the rate of corporate profits. so why must we solve inflation by weakening labor?

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Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure (Published 2023)

While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession. Some see less painful remedies.

www.nytimes.com

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@talmonsmith

talmon joseph smith

6 years

Hi @WritersofColor . If you’re a recently laid off or freelance reporter/essayist from a 2018 swing state (TN, FL, ND, MO, NV, IN), then hit NYT up with pitches for a dispatch on the cultural/political mood on the ground this fall talmon.smith @nytimes

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talmon joseph smith

4 years

For ⁦ @TheAtlantic ⁩ I wrote on how the web’s now creepily centripetal, making our ever-antsier lives warp & orbit more tightly around it. It’s ruined our heads. And by accident, I’ve found that literally running away from it, for a moment, helps:

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It’s Okay to Leave Your Headphones at Home

How one writer learned an accidental lesson in the joys of silence

www.theatlantic.com

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@talmonsmith

talmon joseph smith

6 years

I wrote an essay for @vice on the still-haunting footage of Alton Sterling’s death, and how the performance theater of due diligence delivered by prosecutors breaking the news that cops won’t be charged in killings is becoming equally hard to watch—(it’s legalistic gaslighting):

@VICE

VICE

6 years

"The system failed us... He was murdered like an animal."

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talmon joseph smith

8 months

Update: in response to our @NYTimes investigation into worker-funded lobbying conducted by the Nat'l Restaurant Association via ServSafe, the California legislature just passed a bill effectively barring the scheme the ball's now in Gov Newsom's court to veto or sign into law...

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@talmonsmith

talmon joseph smith

1 year

Breaking: my @NYTimes investigation w/ @Fahrenthold reveals The Natl Restaurant Association’s lucrative scheme: $$ fees unwitting workers pay for ‘food safety certification’ are funneled to cover the costs of the groups’ Goliath battle against higher wages

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talmon joseph smith

4 years

News: I’ve spent the last week reporting on the oft-overlooked 25-plus million Americans on UI about to have crucial emergency benefits yanked from them in t-minus 3 days. Here are the stories of 6 familes.

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Opinion | If Congress Cuts Jobless Benefits, ‘It Would Be a Disaster’ (Published 2020)

Six unemployed Americans on what losing $600 a week would mean to them.

www.nytimes.com

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@talmonsmith

talmon joseph smith

3 years

@Eugene_Scott "If the two Georgia seats go to the Democrats, the Senate will be split 50-50, but the Democratic half will represent 41,549,808 more people than the Republican half." wild

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talmon joseph smith

1 year

4/It is this “other NRA” that arguably* is the most successful on the Hill… stifling the low-wage labor force: the federal min wage is at its lowest value in 66 yrs, rising once since ‘96, from ~$5. the min wage for tipped workers has been $2.13 since ‘91 low floors=less for all

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talmon joseph smith

6 years

Really annoying to see a lot of journalists immediately erasing the grassroots work and policy chops of Alexandria OC’s campaign. People have gone from: “no way she’ll win” to “well of course she won she’s Latina” mighty quickly..................................

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@talmonsmith

talmon joseph smith

3 years

Same paper, new gig. Can’t thank my many mentors & friends @nytopinion enough. Psyched to get going on this assignment, which i know’s a privilege. Not taking pitches anymore, naturally, but my email’s in my bio so don’t be shy about sharing tips, interesting data, feedback etc.

@NYTimesPR

NYTimes Communications

3 years

We’re delighted to announce that @talmonsmith has joined @nytimesbusiness as an economics reporter.

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talmon joseph smith

3 years

I talked for a good bit w/ @SenSherrodBrown , incoming Banking Cmte Chairman, about finagling around the filibuster if GOP obstructs again, the looming housing crisis & how that viral jokey "bribe Manchin" tweet has some real-world merit to it re: earmarks

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Opinion | Sherrod Brown Thinks Progressives Will Be ‘Pretty Happy’ With Biden (Published 2021)

In an interview, the incoming Senate Banking Committee chairman opened up about bypassing bipartisanship if necessary, the looming housing crisis and more.

www.nytimes.com

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@talmonsmith

talmon joseph smith

3 months

Hey Everybody :) let's count all the black journalists with top positions in economics reporting! ... right do you think it's because we are disproportionately inept? i think not. @TheAmaraReport is brilliant & should be on your radar if you want a quality report + many more

@BGrueskin

Bill Grueskin

3 months

Earlier today, the Wall Street Journal's Washington bureau had one Black reporter. After today, it will have zero. (Note: The District of Columbia is 45% Black.)

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talmon joseph smith

2 years

New Inflation Data: just out now from The Federal Reserve Bank of New York’s Survey of Consumer Expectations: “median one- and three-year-ahead inflation expectations both declined sharply in July,” largest among respondents under $50k. “…income growth expectations improved.”

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talmon joseph smith

1 year

3/Since 2010, more than 3.6 million workers have paid the training fees, providing about $25 million to the restaurant industry’s lobbying arm — much more than the $ spent on lobbying, according to filings with the IRS & over half of the amount its actual members paid in dues…

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talmon joseph smith

4 years

does anybody else feel like they've aged 2 years over these 6 months

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talmon joseph smith

5 years

I miss World Cup Twitter

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talmon joseph smith

5 years

Me defending @TheRock to friends

@ddale8

Daniel Dale

5 years

Trump on Kim Jong Un: “He likes me. I like him. Some people say ‘oh, you shouldn't like him.’ I said, ‘why shouldn't I like him? I like him.’”

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talmon joseph smith

5 years

Adulthood is wilding with your credit card at the plant store

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talmon joseph smith

2 years

During the lauded Reagan boom year of 1984 unemployment was 7% & inflation was still 4.3% ⚠️ with a little help from supply chains (and year over year changes flattening) the Biden WH could get a similar or better inflation number this year + GDP & unemployment just below ~ 4%…

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talmon joseph smith

1 year

2/ As a NRA CEO wrote in a board letter obtained by The Times: “The NRA is different from most traditional trade associations in our business model. Only 3% of our funding comes from dues and…our business initiatives, primarily ServSafe and the NRA Show, fuel our revenue model”

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talmon joseph smith

3 years

@ezraklein @imillhiser clearly, the path forward for Democrats is to run only astronauts as Senate candidates in 22 and 24

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talmon joseph smith

2 years

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talmon joseph smith

1 year

News Update: following the publication of our @NYTimes investigation, Leeds Brown Law, a New York employment law firm has taken legal action, with a class action complaint filed in SDNY... the defendants listed: "NATIONAL RESTAURANT ASSOCIATION SOLUTIONS, LLC" & "SERVSAFE"

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talmon joseph smith

1 year

"The 'working poor'...are in fact the major philanthropists...they live in substandard housing so that other homes will be shiny & perfect; they endure privation so that inflation will be low & stock prices high...anonymous donor, a nameless benefactor, to everyone"--Nickel&Dimed

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talmon joseph smith

2 months

PPI inflation (generally, the prices firms* pay for goods & services before selling) peaked long ago It's plunged to 0.9% on a yearly basis many corporate pricing teams are eating up 🍽️ that sweet spread between falling/flattening input costs & higher prices still being charged

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@tracyalloway

Tracy Alloway

2 months

It's amazing to me that some people are still litigating whether companies helped push up prices post-pandemic. The companies themselves are telling you that they've been exploring elasticity and have been pushing price to expand margin. Listen to what they're saying.

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talmon joseph smith

1 year

7/ To top it all off, as @annamassoglia & @brendan_fischer explain: Legally, the National Restaurant Association is a species of nonprofit called a “business league,” raking in tens of millions while remaining a **tax-exempt** org, even tho it has a for-profit LLC…cue the IRS…

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talmon joseph smith

28 days

i think if half the things proposed and/or implemented during the new deal (or Roosevelt era for that matter) got proposed now they'd be called inefficient or overreach by a lot of Very Serious People & be unintentionally framed (as we quote centrists) as radical by my own paper:

@MattZeitlin

Matthew Zeitlin

28 days

Britain is funny, they elected one government way more left wing than any American one, so they have a nationalized health care system, and then elected a free market ideologue more intense than Reagan and so have privatized water utilities

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talmon joseph smith

3 years

The natl debt ‘is merely a historical record of all of the dollars that have ever been spent by our govt but not taxed back. They exist as a form of interest-bearing currency in the form of US Treasuries: interest-bearing dollars’—⁦ @StephanieKelton ⁩

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House Members' Letter to Pelosi Mostly Barking Up the Wrong Tree

Yesterday, CNN’s Chief Congressional Correspondent, Manu Raju, shared a draft letter that is being circulated by a coalition of House members, including Reps. Josh Gottheimer (D-NJ), Jared Golden...

stephaniekelton.substack.com

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talmon joseph smith

5 years

I’ve now officially been at @NYTimes for a year-&-some-change and it’s been stellar largely bc of the amazing reporters, profs, wonks & @WritersofColor I got to edit & commission. To thank them (& solicit new pitches!) here are just a few of the many pieces I enjoyed pubbing...1/

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talmon joseph smith

5 months

2023 recession calls meet 5.2% GDP

@sonusvarghese

Sonu Varghese

5 months

Q3 GDP revised up to 5.2%! Domestic demand up to 3.7% (so this wasn't just about inventories). Additional boosts - Nonresidential investment (structures) - Residential investment - Govt spending Consumption revised down but still strong. @CarsonResearch @RyanDetrick

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