I knew I was committing a small social crime. But we hadn’t truly been friends for a long time
- by David Sleeth-Keppler
Reading
I just finished rebuilding a video game from 1997. The game is called Voodoo Bowl. It’s a literal zombie football game. A Java applet where you play as a quarterback dodging zombies, knocking over referees, and trying to score touchdowns before a 60-second clock runs out. I played it as a kid on coffeebreakarcade.com, which […]
The sharp rise in inflation following the COVID-19 pandemic has renewed interest in how firms adjust prices after large economic shocks and the implications for modelling inflation and setting monetary policy. Using a large dataset of web-scraped Australian retail prices, we document an increase in the frequency of price changes in 2022 and 2023, alongside strong goods price inflation. We incorporate these microdata-based estimates of price-setting frequency into the Reserve Bank of Australia's dynamic stochastic general equilibrium model to assess their macroeconomic implications. We find that failing to account for higher rates of price adjustment during the high-inflation period leads to inflation forecasts that are up to 1.2 percentage points too low, even when the underlying shocks are known. The increase in the frequency of price resets also steepens the Phillips curve, reducing the policy trade-off between inflation and output. Given knowledge of this change in price-setting behaviour, a hypothetical central bank with unchanged preferences would tend to raise interest rates more aggressively than in a scenario where price rigidity was stable.
Join us THURSDAY, May 21 at 1pm ET / 10am PT, for our regularly scheduled call to chat about all things Drupal and nonprofits. (Convert to your local time zone.)
We don't have anything specific on the agenda this month, so we'll have plenty of time to discuss anything that's on our minds at the intersection of Drupal and nonprofits. Got something specific you want to talk about? Feel free to share ahead of time in our collaborative Google document at https://nten.org/drupal/notes!
All nonprofit Drupal devs and users, regardless of experience level, are always welcome on this call.
This free call is sponsored by NTEN.org and open to everyone.
"The phrase ‘tax the rich’ can be ‘just as hateful as some disgusting racial slurs,’ according to the New York City billionaire Steve Roth, who said that the top 1 percent should be ‘praised and thanked.’” — The Guardian
- - -
First they came for the pieds-à-terre, which they said were driving up the cost of housing.
And I did not speak out.
Because my pied-à-terre was in Greenwich, Connecticut, not Greenwich Village.
Then they came for the capital gains, which they said should be taxed as income.
And I did not speak out.
Because I had all of my company stock in a tax-sheltered backdoor Roth.
Then they came for the bad landlords, who they said were ripping off tenants.
And I did not speak out.
Because I was so wealthy I didn’t even bother renting out any of my investment properties.
Then they came for the 1031 exchanges, which they said were an unfair tax loophole the wealthy use to buy fancier vacation homes.
Why are rightwingers being given a free pass on antisemitism? By George Monbiot, published in the Guardian 14th May 2026 The media’s message appears to have cut through. At the crucial rally against antisemitism in London on Sunday, Zack Polanski, the Jewish leader of the Green party of England and Wales, was not invited to […]
Mostly I leave Sunday photography to our colleague, the estimable Chris Bertram. Still, this Sunday I was walking the dog in the hills above my town. (“My town” being a modest community of a couple of thousand people in the rolling countryside of northern Bavaria.) [copyright me, yesterday] And by the side of a grassy […]
Local news editor in Ipswich says Reform party chair instructed his councillors to shut out the press in favour of only speaking to the right-wing news channel
Public debt is normally nothing to fear, especially if it is financed within the country itself (but even foreign loans can be beneficent for the economy if invested in the right way). Some members of society hold bonds and earn interest on them, while others pay taxes that ultimately pay the interest on the debt. […]
Craig Kitts, who says he is fighting to 'protect our women and children' from migrants, admitted to assault by beating
Early in President Trump’s first term, McSweeney’s editors began to catalog the head-spinning number of misdeeds coming from his administration. We called this list a collection of Trump’s cruelties, collusions, corruptions, and crimes, and it felt urgent to track them, to ensure these horrors—happening almost daily—would not be forgotten. Now that Trump has returned to office, amid civil rights, humanitarian, economic, and constitutional crises, we felt it critical to make an inventory of this new round of horrors. This list will be updated monthly between now and the end of Donald Trump’s second term.
Posts uncovered by Byline Times show newly-elected Reform UK Councillor Ken Tranter comparing Muslims to cockroaches, who would "take over" the country
These artists argue we shouldn’t shy away from AI – instead, we need to help shape its future with our human creativity
- Video by the Museum of Modern Art
Sergiu Klainerman spent years proving that black holes won’t fly apart; and arguing that maths is not a human invention
- by Steve Nadis
Screen-based life is deadening. Try some simple adventures and exercises to reconnect with the world’s sensory richness
- by Tereza Violet Stehlíková
This is Not the Poem I Had Hoped to Write This is not the poem I had hoped to writewhen I sat at my desk and the page was white.You see, there were other words I’d had in mind,yet this is what I leave behind. I thought it was a poem to eradicate war;one of…
The truly important difference between us and our colleagues in the natural sciences lies in the fact that we never arrive at constants such as the speed of light and sound in a given medium, or the specific weights of atoms and molecules. We possess nothing corresponding to the universally valid measures of energy, voltage, […]
Maximilian Huppertz It is well established that climate change affects productivity, but its effects on trade costs have not been studied. Ignoring these and focusing solely on productivity could lead to an underestimate of its overall impact. It could also create a source of climate-related risk, with the potential to affect the financial system through … Continue reading Climate change increases bilateral trade costs (through its impact on maritime shipping)
Last Tuesday (May 12, 2026), the Australian Treasurer introduced the 2026-27 Fiscal Statement (aka Federal ‘Budget’). I have been reluctant to comment on the ‘Statement’ given the constant repetition by the Treasurer about a ‘trillion dollars of debt’ and all the rest of the flawed conceptual development and nomenclature that has surrounded its release and…
| archive - contact - sexy exciting merchandise - search - about |
| ← previous | May 18th, 2026 | next |
May 18th, 2026: Some This food timeline started as a way to explore the revolution in Australian food that has occurred during the baby-boomers’ lifetime, but has since expanded to include more about the previous decades (and century) as well. Also included are overseas events and trends that had an impact here. The entries are brief, but there are lots of links if you want more information.
Paul McCartney’s appearance as the musical guest on the May 16 installment of NBC’s “Saturday Night Live” included the U.S. TV debut of a track from his forthcoming album and a band that was slightly rejiggered from the one he … Continue reading
Week-end Wrap – Political Economy – May 17, 2026 by Tony Wikrent War Iran war has cost American consumers over $37 billion in extra fuel costs, Brown University tracker shows [Drop Site Daily: May 12, 2026] American consumers have paid more than $37 billion in additional gasoline and diesel costs since the war with Iran began […]
Another day, another 1976 warning
| ||
