Wtf

If you want to see something odd, look at Italian (pink) and Spanish (gray) 30-year gov't bond yields. Yields are spiking everywhere, but not for Italy and Spain. This is the effect of past ECB actions to cap these yields and is a subsidy for bad fiscal policy in these countries.

ECB keeping their eye on the ball.

A mad investigation into the hacking team of Unit 29155 will drop very soon. It has everything you want in a spy thriller: lies, sex, deep fakes, back-biting and corruption. We will show the faces - and the personal secrets - of the spies who hack & sabotage the West and Ukraine.

A heartbreaking moment that was saved by an SS photographer at Auschwitz II-Birkenau during the deportations of Hungarian Jews. It was taken 81 years ago, most likely in late May 1944. A little child finds a dandelion in the grass and is handing it or showing it to an older

And India managed to reduce malaria deaths without a sizable increase in randomly distributing malaria bed nets. Just through good old fashioned economic growth.

Japan is famed for its flourishing urban life, with peerless infrastructure and vibrant urban density. The bewildering image below is Tokyo's rail map, the world's most extensive network, and one of the true wonders of the world. But it was not always so. Japan entered the

This!

The Mamdani win is a Rob Henderson Luxury Beliefs blog post turned into real life. A bunch of rich people made themselves feel charitable by voting to give a bunch of poor people things that sound nice. And the (smarter) poor people voted against it b/c they know it’s bs.

I can't decide which one is more nonsensical but it all fits the pattern of creating an alternative reality.

This! nytimes.com/2025/06/26/opi…

Stigler and Friedman's classic l starts with evidence. They describe San Francisco after the earthquake. No rent control, 40% housing destroyed, lots of housing for rent. They compare to New York post WWII with rent control. Who's "we?" Yes, theory summarizes experience.

🚢🌍 Oil sanctions aren’t working the way you think. Russia, Iran, and Venezuela are all under sanctions. But oil keeps flowing. Why? Because of dark shipping — a vast, hidden network that sidesteps sanctions with precision and scale. On Thursday, I’ll be presenting at the NBER

🧵A few thoughts about the sorry state of European security. Finally some reality is beginning to sink in about the risk level, as NATO SecGen’s recent comments have shown. But it’s not enough. Western European societies remain mentally disarmed when compared to #Russia. 1/9

This wonderful project has sparked excitement as an example of affordable housing in an expensive European city. However, an exploration of the project and its costs reveals that it isn't cheap. Let's take a tour.

Dear Commissioner, you destroy your credibility when you make statements that no one will believe. Accepting the facts is crucial for Europe to remedy the structural weaknesses that led to this extortionate deal.

This is so cool! In the past, I have just super imposed spatial maps across different censuses to keep track of district changes. But, this provides such an important context and extra info.

A shameful reminder of how quickly universities throw people in the trash. John Searle passed away. He was one of the most influential philosophers of his era who theorized about the nature of AI. He was discarded by UC Berkeley after false metoo accusations. His legacy was