Martin Shkreli’s Observations on the Criminal Justice System
Believe it or not, I spent time on Christmas day, before we went out to an early dinner, watching the whole 1 hour+ interview that Laura Shin did of Martin Shkreli. Shkreli was giving advice to Samuel Bankman-Fried (henceforth SBF). Shkreli, in case you don’t know or have forgotten, was the guy who, as a […]
Is Rapid Job Growth a Good Thing?
Yes, ceteris paribus. So how can we explain this: In an interview with the Financial Times, Gita Gopinath, the fund’s second-in-command, urged the US central bank to press ahead with rate rises this year despite a recent moderation in headline inflation following one of the most aggressive tightening campaigns in the Fed’s history. […]
U.S. unemployment rate falls in December, but rises for Black women, Hispanic men
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. Spencer Platt | Getty Images The U.S. unemployment rate declined overall in December, but rose for Black women and Hispanic men, according to the latest nonfarm payrolls report. Black women saw unemployment increased to 5.5% last month, […]
The Ugly Face of Nationalism
The atmosphere in Moscow is vividly depicted by the Financial Times bureau chief there, Max Seddon (“A Moscow Diary: Fear, Loathing and Deep Denial,” January 6, 2022). The subtitle reads: Champagne still flows at elite parties in the Russian capital, as cowed critics only speak openly in their own homes. One striking passage depicts the […]
