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Can a Despised Autocrat Consolidate Power?

news.ycombinator.com Paul Krugman 2025-10-03 17:39:18

Yesterday I wrote about Scott Bessent, the Treasury secretary, and made some unflattering observations about him. So it might be worth mentioning a new incident, reported by Politico. Apparently Bessent confronted Bill Pulte, head of the Federal Housing Finance Agency — a piece of work himself — at a fancy dinner, accusing Pulte of bad-mouthing him to the president: “Why the fuck are you talking to the president about me? Fuck you,” Bessent told Pulte. “I’m gonna punch you in your fucking face.

Topics: economic large policies public trump
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AI is different

news.ycombinator.com Unknown 2025-11-07 10:49:42

antirez 2 days ago. 20374 views. Regardless of their flaws, AI systems continue to impress with their ability to replicate certain human skills. Even if imperfect, such systems were a few years ago science fiction. It was not even clear that we were so near to create machines that could understand the human language, write programs, and find bugs in a complex code base: bugs that escaped the code review of a competent programmer. Since LLMs and in general deep models are poorly understood, and

Topics: ai economic human possible systems
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Is Economics education fit for the 21st Century?

news.ycombinator.com Unknown 2025-11-30 08:16:30

The first quarter of the 21st century has seen seismic shifts in the politics, society, and economy of the United Kingdom. As economics thinkers and graduates, Rethinking Economics is concerned that economics education remains out of step with these shifts. What is taught in university classrooms informs how society perceives and will tackle these challenges, from engaging in climate science to the reality of Britain’s colonial past. This report assesses the extent to which university education

Topics: climate economics education students universities
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Worse Than a Recession? Trump's Tariffs Risk 'Self-Inflicted' Stagflation

cnet.com See Full Bio 2026-01-17 02:00:00

An economic downturn combined with high inflation is a double-whammy for your finances. DNY59/Getty Images/Jeffrey Hazelwood/CNET President Donald Trump's turbulent tariff agenda, combined with mass deportations and increased national debt, has created heightened volatility in financial markets. Though many economists say there's low risk of a job-loss recession, others say we're at a critical crossroads, as consumer sentiment sours and the labor market sputters. Some analysts have even posite

Topics: economic economy inflation recession stagflation
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Will Mortgage Rates Drop in a Recession? This Realtor Has a Hot Take

cnet.com See Full Bio 2026-02-12 17:32:02

Mortgage rates have typically fallen during recessionary periods. Douglas Rissing/Getty Images In today's news cycle, recession headlines come and go. Amid trade war anxieties, stock market roller-coaster rides and global conflict, no one is hoping for a major economic setback -- except recessions have often created more favorable conditions for mortgage rates. Since the beginning of 2025, average 30-year fixed mortgage rates have been stuck in the high 6.5% to 7% range. Most housing experts,

Topics: economic home mortgage rates recession
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Waiting for Mortgage Rates to Drop in a Recession? This Realtor Has a Hot Take

cnet.com See Full Bio 2026-02-13 03:00:04

Mortgage rates have typically fallen during recessionary periods. Douglas Rissing/Getty Images Recession headlines come and go in today's news cycle, which is filled with trade war anxieties, stock market roller-coaster rides and global conflict. No one wants to pin their hopes on a major economic setback. But since recessions have often created more favorable conditions for mortgage rates, many of my clients want to know: Will buying a home become more affordable in a recession? Since the beg

Topics: economic home mortgage rates recession
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As job losses loom, Anthropic launches program to track AI’s economic fallout

techcrunch.com Rebecca Bellan 2026-02-14 03:59:19

Silicon Valley has opined on the promise of generative AI to forge new career paths and economic opportunities – like the newly coveted solo unicorn startup. Banks and analysts have touted AI’s potential to boost GDP. But those gains are unlikely to be distributed equally in the face of what many expect to be widespread AI-related job loss. Amid this backdrop, Anthropic on Friday launched its Economic Futures Program, a new initiative to support research on AI’s impacts on the labor market and

Topics: ai anthropic economic heck policy
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Anthropic has a plan to combat AI-triggered job losses predicted by its CEO

zdnet.com Webb Wright 2026-02-14 12:13:00

NurPhoto/Getty Images The rise and rapid adoption of advanced AI tools has led to widespread concerns about mass job displacement and other economic disruptions. Now, one of the industry's biggest players is looking ahead, hoping to understand what steps can be taken in the present to brace the world for the future. AI start-up Anthropic announced Friday that it was launching its Economic Futures Program, a research initiative devoted to studying and preparing for AI's near-term economic impac

Topics: ai anthropic company economic research
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How Anthropic's new initiative will prepare for AI's looming economic impact

zdnet.com Webb Wright 2026-02-14 17:52:39

NurPhoto/Getty Images The rise and rapid adoption of advanced AI tools has led to widespread concerns about mass job displacement and other economic disruptions. Now, one of the industry's biggest players is looking ahead, hoping to understand what steps can be taken in the present to brace the world for the future. AI start-up Anthropic announced Friday that it was launching its Economic Futures Program, a research initiative devoted to studying and preparing for AI's near-term economic impac

Topics: ai anthropic company economic research
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No Fed Cut, No Rate Break: June Mortgage Forecast Stays Flat

cnet.com See Full Bio 2026-03-11 19:00:07

As the Federal Reserve likely holds interest rates steady, mortgage rates are expected to stay in a narrow range. Tharon Green/CNET With each passing day, it seems like average 30-year mortgage rates could remain stuck near 6.8% for the rest of the year. Yet conflicting economic forces could push mortgage rates up or down in the coming months. Housing market experts say the same thing: The direction of mortgage rates depends on the economic impact of policies by the Trump administration and th

Topics: economic inflation mortgage rate rates
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Unit Network raises $18M for decentralized platform enabling real-world and digital asset trading

venturebeat.com Dean Takahashi 2025-11-09 17:00:00

Unit Network, a decentralized financial ecosystem enabling trading of real-world and digital assets through tokenization, has raised $18 million. The venture capital investment was led by industry leaders such as the Blockchain Founders Fund and Outlier Ventures, alongside notable entrepreneurs including Cristina Venture (White Star Capital), Diego Gutiérrez Zaldívar (Rootstock), Joshua Seims (Metastable Capital), Richard Wang (Draper Dragon Fund), Thomas Hessler (Zanox), Yuval Rooz (DigitalAss

Topics: capital economic financial network unit
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