Reading

Created
Tue, 19/05/2026 - 22:01

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McSweeney’s and Broadway Video present the official over-six-hundred-page comprehensive companion book to IFC’s Documentary Now!, made with the assistance of series directors Rhys Thomas and Alex Buono and including new writing by Seth Meyers, a foreword by Pulitzer Prize–finalist Matt Zoller Seitz, the complete sheet music for John Mulaney and Eli Bolin’s Co-op: The Musical, and much more.

The book is out today, and to celebrate, we’re sharing an excerpt featuring the show’s very first host, the legendary Burt Lancaster.

Created
Tue, 19/05/2026 - 09:25
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.
Created
Tue, 19/05/2026 - 07:07

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.

Created
Tue, 19/05/2026 - 04:00

"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

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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.

Created
Tue, 19/05/2026 - 03:50
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 […]
Created
Mon, 18/05/2026 - 22:01

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.

Created
Mon, 18/05/2026 - 18:00
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)
Created
Mon, 18/05/2026 - 17:35
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…
Created
Mon, 18/05/2026 - 17:00
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May 18th, 2026next

May 18th, 2026: Some

Created
Mon, 18/05/2026 - 10:09

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.

Michelin Guide - Bib Gourmand