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From what I can tell, Western elites can not get enough content about how bad things are. As I said in our episode with Gillian Tett, the UK is one of the wealthiest, nicest places in the world. But all anyone seems to care about is how they can't build steel competitively.

And crime. Which is why I’m surprised that there’s been so little talk in this election about the liberal criminal justice reforms signed by the Cuomo administration.

Joe Weisenthal Yes! ….but bail reform for example had little/nothing to do with rising crime a few years back vitalcitynyc.org/articles/pleas…

Let’s say (hypothetically) we were able definitely prove, beyond a shadow of a doubt, that some form of communication or media was frying our brains and ruining society. Would that matter, given that we still have the first amendment?

Joe Weisenthal AFAIK specific media forms are not protected by the first amendment. For example, one cannot plead a first amendment protection for nuisance. So, it seems plausible that media forms could be banned on various existing legal grounds.

Does anyone know of any relevant theory here?

I was just thinking about Ted Cruz and Mike Lee, and how the ground is shifting so quickly on the right, both of them stepping on rakes in ways they didn’t anticipate. Cruz probably knew he was going to make enemies. Mike probably totally didn’t see it coming.

Joe Weisenthal Yes. In most cases if it’s the content or viewpoint is the harm can’t directly regulate. If the tech is causing the harm you can, but the field is highly contested. a majority of SCOTUs (see fn 5 Netchoice) says some direct design regulation can be okay

According to research from Pew, coin vending machine repairmen are simultaneously the most exposed to AI disruption (because there is a high routine cognitive component to the job) and also the least exposed to AI disruption (because of its physical requirements)

Joe Weisenthal You’d have to be an incredible company man to feel bad. The pop is making every employee personally rich, even the CFO.

Some journalist should try find a single person at $CRCL who today, on a Friday, is in a bad mood, because of how the stock is done. In fact, if you work there, and are upset about the performance of the stock, please DM me. Would love to talk to you.

Joe Weisenthal Speculating: underwriters actually do like the pop mechanism to send free money to their buy-side customers. Companies only go public once, underwriters control the window on a recurring basis, so it takes a company with Google's leverage to bend industry preferences/practices

Name the subway stop

Breitbart says Neil Dutta should be considered for a Fed board seat.

My answers: 1- Powell view of the labor market is backward looking. Spot data is looking ok and flows continue to suggest the labor market is in an equilibrium state of low hiring and low firing. But permanent job losses keep creeping higher and the outlook of the economy tells