"This is the [tunnel] shaft that led to the place where the six hostages were murdered. In a children's room, among paintings of Snow White and Mickey Mouse." Rare look into Hamas's embedding itself into civilian infrastructure:

🚨💨Holy Smokes💨🚨 It looks like the Department of Education is trying to sneak student debt cancellation past the courts by starting implementation before they've passed a final rule. This could cost $150 billion or more!! crfb.org/blogs/lawsuit-…

For anyone who is still interested in the topic here is a nice explainer of the economic issues in how to structure capital gains taxation. Short version: there are sound arguments on multiple sides of this issue.

🚨 NEW: According to a complaint filed by a coalition of state AGs led by Missouri, the Department of Education is preparing student loan servicers to imminently cancel significant amounts of student debt – an estimated $147 billion or more – under a proposed rule that has not

"Trying to circumvent Congress and the courts is not the way to govern." Amen

"Part of being a conservative is accepting that you’re starting from where you’re starting instead of starting where you want to be starting, and we are starting with a disastrous federal budget that is not getting better over time." nationalreview.com/corner/trumps-…

Fuentes trying to show he’d do it for free.

🚨 MASSIVE BENEFIT CUTS 🚨 A typical couple faces a $𝟏𝟔,𝟓𝟎𝟎 benefit cut in 2033 if we don’t do something to restore solvency. How is that “protecting” the program? crfb.org/blogs/16500-cu… via CRFB.org

🚨 NEW #USBW2024 ANALYSIS: $16,500 Cut Awaits Retirees if Social Security Isn't Reformed The Social Security OASI trust fund is projected to be depleted by 2033, at which point the law calls for a 21 percent across-the-board benefit reduction. We estimate this would

Daniel Lobell There are good Jews and bad Jews, good Christians and bad Christians, good Muslims and bad Muslims, etc. People are people. We are not perfect. We are not God.

🚨 NEW #USBW 2024 Analysis: The Kamala Harris Plan for Taxing Capital Income As part of her New Way Forward for Small Businesses, Vice President Kamala Harris recently announced her support for several polices that would increase taxes on capital income, including: ➡️Increasing

Productivity growth (annual rate): 1 quarter: 2.5% 4 quarters: 2.7% 8 quarters: 2.0% Since 2019-Q4: 1.6% I prefer looking over the full cycle (1.6%) because even 2 years too short, especially when some is bounce back. But hopefully the optimistic recent extrapolation is right.

Never seen “little changed” used so much in a single report bls.gov/news.release/e…

142k net new jobs, mostly in leisure, hospitality, health care, and social assistance. Job gains in construction, but job losses in manufacturing. Graph via Kate Generelli (welcome back!) of CRFB.org

And perhaps most important in this report, nominal wage growth is not slowing, in fact, if anything, it has picked up in recent months. This is more like what you would expect to see in a 3.5% inflation economy than the 2.5% inflation economy we think we're in.

We're up 6.5 million jobs relative to before the pandemic. Graph via Kate Generelli at CRFB.org

THIS IS HUGE! Researchers at The University of Texas at Austin have discovered and isolated a broadly neutralizing plasma antibody, known as SC27, which has been shown to neutralize ALL known variants of SARS-CoV-2. Let’s talk about that! 🧵⬇️

Even if you think it's net good that this happened, the transitions are gnarly, for a bunch of reasons. 1) Debt and pension obligations are a lot easier to handle if total GDP--not just per-capita GDP--is growing. 2) Even per capita GDP probably grows slower in aging societies,

🚨Kamala Harris's plan to tax capital income would raise $𝟕𝟓𝟎 𝐭𝐨 $𝟗𝟎𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧, according to CRFB.org crfb.org/blogs/kamala-h…

🚨NEW🚨 -- If Donald Trump cuts the corporate tax rate to 15% for domestic production only, it could cost around $𝟐𝟎𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 over a decade. Cutting for all corporations would $500-$700 billion. crfb.org/blogs/donald-t… via CRFB.org