Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025) –
https://pluralistic.net/2025/09/27/econopocalypse/#subprime-intelligence

"This week, no less than the Wall Street Journal published a lengthy, well-reported story (by Eliot Brown and Robbie Whelan) on the catastrophic finances of AI companies: https://www.wsj.com/tech/ai/ai-bubble-building-spree-55ee6128 The WSJ writers compare the AI bubble to other bubbles [...], and conclude that the AI bubble is vastly larger than any other bubble in recent history."

@pluralistic

#AI #economy #bubble

Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025) –
https://pluralistic.net/2025/09/27/econopocalypse/#subprime-intelligence

"This week, no less than the Wall Street Journal published a lengthy, well-reported story (by Eliot Brown and Robbie Whelan) on the catastrophic finances of AI companies: https://www.wsj.com/tech/ai/ai-bubble-building-spree-55ee6128 The WSJ writers compare the AI bubble to other bubbles [...], and conclude that the AI bubble is vastly larger than any other bubble in recent history."

@pluralistic

#AI #economy #bubble

The African Growth and Opportunity Act, which has given thousands of African products duty-free access to U.S. markets since 2000, is set to expire on Tuesday. #africa #jobs #economy

https://www.csmonitor.com/World/Africa/2025/0930/Jobs-at-stake-as-major-US-Africa-trade-deal-set-to-expire?utm_source=flipboard&utm_medium=activitypub

Posted into Business/Economy Page @business-economy-page-csmonitor

The African Growth and Opportunity Act, which has given thousands of African products duty-free access to U.S. markets since 2000, is set to expire on Tuesday. #africa #jobs #economy

https://www.csmonitor.com/World/Africa/2025/0930/Jobs-at-stake-as-major-US-Africa-trade-deal-set-to-expire?utm_source=flipboard&utm_medium=activitypub

Posted into Business/Economy Page @business-economy-page-csmonitor

@GottaLaff The growth in ADP private payrolls during the January-September time period is down 64% under Trump. There were over 1 million new hires under Biden during the same period in 2024 while there are only 366,000 under Trump this year.
#uspol #economy

Reading every headline & lede that invariably starts with “Democrats block GOP bill”, I’d like to remind everyone, the #media especially, that Trump’s party — the #RepublicanParty — controls the #WhiteHouse & both chambers of #Congress.

This shutdown is their doing.

By all accounts #Trump & #Project2025’s #RussVought absolutely wanted it because it consolidates #power under the #ExecutiveBranch, exactly what they have been working for.

#OrchestratedShutdown #Republicans #economy #democracy

Reading every headline & lede that invariably starts with “Democrats block GOP bill”, I’d like to remind everyone, the #media especially, that Trump’s party — the #RepublicanParty — controls the #WhiteHouse & both chambers of #Congress.

This shutdown is their doing.

By all accounts #Trump & #Project2025’s #RussVought absolutely wanted it because it consolidates #power under the #ExecutiveBranch, exactly what they have been working for.

#OrchestratedShutdown #Republicans #economy #democracy

White House withdraws E.J. Antoni's nomination to run the Bureau of Labor Statistics

> Trump fired the previous BLS chief after claiming, without evidence, that the jobs report was "rigged."

> "President Trump is committed to fixing the longstanding failures at the BLS that have undermined the public’s trust in critical economic data. The President plans to announce a new nominee very soon,” the official added.
https://www.nbcnews.com/politics/trump-administration/ej-antoni-nomination-withdraw-trump-bls-rcna234833 #DonaldTrump #MAGA #economy

Big, yes. Beautiful, no —
'SNAP changes will upend state budgets'

"The Supplemental Nutrition Assistance Program (SNAP) is a lifeline for millions, providing food that stabilizes families and strengthens communities, but the One Big Beautiful Bill Act (OBBBA) of 2025 made seismic changes to the structure of SNAP, shifting costs to states."
https://www.georgetownpoverty.org/issues/snap-changes-will-upend-state-budgets/
#economy #states #poverty #FoodInsecurity

This is what should be done, but it won't be, and it will be the voters that take the brunt of the Tough Choices and out of spite they'll vote for Nigel, or, as we saw from the US, they just won't bother to vote at all.

#UKPOL #UKPOLITICS #TaxTheRich #Economy #Labour

#RussVought had carefully analyzed mistakes from the first term. And he had laid out steps to achieve the long-sought conservative goal of a president with dramatically expanded #authority over the #ExecutiveBranch, including the #power to cut off #spending, #fire employees, control #independent #FederalAgencies & #deregulate the #economy.

#Musk, who spent >$250M to help elect #Trump, had celebrity, access to the president & political capital that the budget director could never hope for.

According to Deutsche Bank, the AI bubble is just that — an AI bubble. And it's masking an economy that is in bad shape.

Could be.
https://futurism.com/artificial-intelligence/deutsche-bank-grim-warning-ai-industry

https://fortune.com/2025/09/23/ai-boom-unsustainable-tech-spending-parabolic-deutsche-bank/ (may be paywalled)
#AI #economy

Charlie Angus, in a message to Donald Trump: "I was just in Western Canada, where our farmers are having a great year, because we’re exporting into what used to be American markets. Your former allies are walking away, leaving your farmers, who voted for you, in what they’re calling Farmageddon. We’re now talking with Mexico, with Europe, with countries around the world. Donald, we’re moving on."
#TradeWars #tariffs #economy #politics

Charlie Angus, in a message to Donald Trump: "I was just in Western Canada, where our farmers are having a great year, because we’re exporting into what used to be American markets. Your former allies are walking away, leaving your farmers, who voted for you, in what they’re calling Farmageddon. We’re now talking with Mexico, with Europe, with countries around the world. Donald, we’re moving on."
#TradeWars #tariffs #economy #politics

Reminder - #2025 Will End With 300,000 Fewer #Federal #Workers, #Trump Official Says. The reduction would be the largest single-year decline in #civilian federal #employment since #WorldWarII. #economy #economics #nationalsecurity #healthcare #flooding #fema #nasa #noaa #irs #fdic #cfpb #usaid #statedepartment #government #politics #maga #authoritarian #education #research #science #foreignaffairs #poverty #starvation #medicine #diplomacy #transportation #FAA

Reminder - #2025 Will End With 300,000 Fewer #Federal #Workers, #Trump Official Says. The reduction would be the largest single-year decline in #civilian federal #employment since #WorldWarII. #economy #economics #nationalsecurity #healthcare #flooding #fema #nasa #noaa #irs #fdic #cfpb #usaid #statedepartment #government #politics #maga #authoritarian #education #research #science #foreignaffairs #poverty #starvation #medicine #diplomacy #transportation #FAA

https://www.europesays.com/2445656/ Digital euro moves closer in latest ECB announcement #CentralBank #DigitalEuro #ECB #Economy #Europe #European #EuropeanCentralBank

"When we picture the history of money, many imagine barter leading naturally to coins, then paper bills, then cards and digital balances. But new research led by University at Albany Anthropology Professor Robert M. Rosenswig shows that this familiar narrative doesn't hold up—and that lessons from ancient wooden and bone tally sticks matter for how we understand money today.

His conclusion: Orthodox economics, which treats money primarily as a medium of exchange, does not fit the evidence. Tally sticks, he argues, suggest that money originates with governments as a system of accounting and taxation.

Rosenswig's study, "Ancient Tally Sticks Explain the Nature of Modern Government Money," published in the Journal of Economic Issues, shows that tally sticks—independently invented in England, China and the Maya world—were consistently used by state officials to record and cancel tax or tribute obligations.

"The historical record shows that barter doesn't precede the creation of financial money," Rosenswig said. "Tally sticks remind us that money is not a scarce commodity but an accounting system rooted in political authority.""

https://phys.org/news/2025-09-ancient-tally-civilizations-myths-money.html

#Money #Anthropology #Economy #EconomicHistory

"When we picture the history of money, many imagine barter leading naturally to coins, then paper bills, then cards and digital balances. But new research led by University at Albany Anthropology Professor Robert M. Rosenswig shows that this familiar narrative doesn't hold up—and that lessons from ancient wooden and bone tally sticks matter for how we understand money today.

His conclusion: Orthodox economics, which treats money primarily as a medium of exchange, does not fit the evidence. Tally sticks, he argues, suggest that money originates with governments as a system of accounting and taxation.

Rosenswig's study, "Ancient Tally Sticks Explain the Nature of Modern Government Money," published in the Journal of Economic Issues, shows that tally sticks—independently invented in England, China and the Maya world—were consistently used by state officials to record and cancel tax or tribute obligations.

"The historical record shows that barter doesn't precede the creation of financial money," Rosenswig said. "Tally sticks remind us that money is not a scarce commodity but an accounting system rooted in political authority.""

https://phys.org/news/2025-09-ancient-tally-civilizations-myths-money.html

#Money #Anthropology #Economy #EconomicHistory