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Created
Thu, 13/11/2025 - 20:00
Iulia Bucur and Ed Hill Modern language models – think OpenAI’s GPTs, Google’s Gemini or DeepSeek – are powerful tools: but how can we use them in economic policymaking? Economic analysis often relies on decompositions to understand macroeconomic data and inform counterfactuals. But these decompositions are typically obtained from numerical data or macroeconomic models and … Continue reading All shocks are different: insights from sentiment and topic analysis using LLMs
Created
Thu, 13/11/2025 - 12:28
For the last two months, the Australian labour market has gone backwards. The deterioration seems to have stabilised in October. The Australian Bureau of Statistics (ABS) released the latest labour force data today (November 13, 2025) – Labour Force, Australia – for October 2025, which reveals a slight drop in official unemployment and underemployment and…
Created
Thu, 13/11/2025 - 11:46
Preparation time: 15 minutesCooking time: 50 minutesTo serve: 4 You will need:1 small onion1 lb. ripe tomatoes1 small stick celery3 tablespoons olive oil1-2 cloves garlic, peeledseveral sprigs parsleysalt and pepper4 small or 2 medium-sized red mullet*chopped fresh parsley *Other fish such as mackerel, grey mullet, or even cutlets or fillets of white fish can be […]
Created
Thu, 13/11/2025 - 11:34

Documents released by a federal court provide new and disturbing details of Trump associates’ attempt to orchestrate a coup against a government they clearly did not understand. This is an unprecedented look at the players and their plots – from terrorism to false flags – that may inform the looming US military assault on Venezuela. The man the government blames for it all, Jordan Goudreau, provided evidence to The Grayzone that: He signed a $221 million contract with Venezuela’s Juan […]

The post White House insiders knew of 2020 Venezuela coup in advance, files show first appeared on The Grayzone.

The post White House insiders knew of 2020 Venezuela coup in advance, files show appeared first on The Grayzone.

Created
Thu, 13/11/2025 - 05:07
The financial crisis of 2007-2008 took both laypeople and economists by surprise. What went wrong with our macroeconomic models, since they clearly did not foresee the collapse, or even make it conceivable? Many have attempted to answer that question, offering a range of explanations, from the excessive mathematization of economics to irrational and corrupt politicians. […]
Created
Thu, 13/11/2025 - 05:00

I love my job. I make a great salary, there’s a clear path to promotion, and a never-ending supply of cold brew in the office. And even though my job requires me to commit sociopathic acts of evil that directly contribute to making the world a measurably worse place from Monday through Friday, five days a week, from morning to night, outside work, I’m actually a really good person.

Let me give you an example. Last quarter, I led a team of engineers on an initiative to grow my company’s artificial intelligence data centers, which use millions of gallons of water per day. My work with AI is exponentially accelerating the destruction of the planet, but once a month, I go camping to reconnect with my own humanity through nature. I also bike to and from the office, which definitely offsets all the other environmental destruction I work tirelessly to enact from sunup to sundown for an exorbitant salary. Check out this social media post of me biking up a mountain. See? This is who I really am.

Created
Thu, 13/11/2025 - 00:00

“Trump introduced a new idea to tackle home affordability: a 50-year mortgage loan. Federal Housing Finance Agency Director Bill Pulte called the proposal “a complete game changer.” … but many housing experts warn the plan could backfire, raising the cost of homeownership by stretching out payments, adding more interest over time, and driving up home prices.” — CNN

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Q: What is a 100-year mortgage loan?
A: We offer the flexibility of financing your new home over an entire century, theoretically lowering your payments as the loan is spread out over a longer period of time.

Q: Who is this loan for?
A: Everyone. But especially immortal wizards and vampires; people who think “100” sounds like a nice round number; and us, your lender, who will be collecting interest on this loan until you turn to dust.

Q: Does this actually save me any money?
A: It absolutely might.

Created
Wed, 12/11/2025 - 22:40

Last week, Zohran Mamdani pulled off a stunning political victory, beating a billionaire-backed establishment campaign to become the Democratic Mayor of New York City. It’s no surprise that the result has inspired millions of socialists around the world. Mamdani’s campaign thrived not only because of his strengths as a communicator and his mediagenic approach, but […]