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Category Archives: Economy

Inside Redbox’s insane bankruptcy unwinding

Sherwood: “Ever wanted to own 46 copies of Orlando Bloom’s latest movie? What about a dozen empty Redbox DVD cases? Or maybe an entire Redbox kiosk, free with local pickup? It’s all up for grabs, thanks to Redbox’s recent demise. The chain of DVD-rental kiosks filed for bankruptcy in June after racking up close to… Continue Reading

The Individualization of Responsibility – Masterclass in Deception

The Climate Historian: “…In the mid-20th century, as evidence mounted linking smoking to lung cancer, the tobacco industry didn’t just fight back—they mastered the art of deflection. Instead of outright denying the dangers, they funded research to stir doubt, muddying the scientific waters.In the 1950s, the Tobacco Institute launched its “health reassurance” campaigns. These campaigns… Continue Reading

Where climate change poses the most and least risk to American homeowners

Washington Post – [unpaywalled] This article includes searchable databases as follows: Find your county’s climate risk. AlphaGeo, a climate modeling group, analyzed the risks in every county. Type in your county below to see which exist in your area. Figure out your state’s disclosure laws. More than one third of states don’t require sellers to… Continue Reading

Comics art against Project 2025

“Project 2025 is a detailed plan to shut you up, and shut you out. You matter, and you have a voice. Project 2025, also known as “Mandate for Leadership: The Conservative Promise,” is a document created to be a roadmap for a second Donald Trump presidency. It was prepared by the ultra-conservative Heritage Foundation and… Continue Reading

What Do Climate Risk Indices Measure?

Liberty Street Economics, New York Fed, October 7, 2024: “As interest in understanding the economic impacts of climate change grows, the climate economics and finance literature has developed a number of indices to quantify climate risks. Various approaches have been employed, utilizing firm-level emissions data, financial market data (from equity and derivatives markets), or textual… Continue Reading

FTC Findings on Commercial Surveillance Can Lead to Better Alternatives

EFF: “On September 19, the FTC published a staff report following a multi-year investigation of nine social media and video streaming companies. The report found a myriad of privacy violations to consumers stemming largely from the ad-revenue based business models of companies including Facebook, YouTube, and X (formerly Twitter) which prompted unbridled consumer surveillance practices.… Continue Reading

Stunning photos of a vast e-waste dumping ground and those who make a living off it

NPR – “…For years, a site called Agbogbloshie in Accra was one of the largest e-waste processing sites in Africa, getting 15,000 tons of discarded phones, computers and other used electronics each year. Many Western media outlets depicted the site as a public health and environmental tragedy, rife with toxic chemicals that leach into the… Continue Reading

Why are Red State Citizens Poorer, Less Educated & Sicker than Blue State Citizens?

Hartmann Report – “Republicans worship cheap labor — and having a steady and reliable supply of cheap labor requires widespread poverty… We must not confuse statistical probability with some transcendental and utterly compelling force. — Unspiek, Baron Bodissey One of the enduring mysteries of America is why the citizens of Red states are generally poorer,… Continue Reading

Trump would add twice as much to national debt as Harris

US Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget – The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural deficits, surging interest payments, and the looming insolvency of critical trust fund programs. Our large and growing national debt threatens to slow economic growth,… Continue Reading

Financial Institutions Net Zero Tracker

World Resources Institute: “Banks have made headlines in recent years for committing to reach “net-zero emissions” by 2050 and pledging to mobilize trillions of dollars in the fight against climate change. Indeed, banks will play an important role in halting global warming: Companies rely on them to help finance the zero- and low-carbon technologies and… Continue Reading

The Rapid Adoption of Generative AI

NBER – The Rapid Adoption of Generative AI. Alexander Bick. Adam Blandin & David J. Deming. Working Paper 32966. DOI 10.3386/w32966. Issue Date September 2024. Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the… Continue Reading