Major news for NEPA reform! 🚨🚨 Chair Westerman’s discussion draft is out! This is important because the Manchin-Barrasso permitting bill did not address NEPA and this draft may become the basis for House-led bipartisan NEPA reform. 🧵 on what’s in the bill: (1/18)

So. Much. This.

SDNY charges man with wire fraud after he bought and posted AI music for streaming, amassed an army of bots that continually streamed the AI music— amounting to billions of listens—and collected millions in royalties from the streaming sites. storage.courtlistener.com/recap/gov.usco…

"Many of the issues that Harris is campaigning on... would benefit from full immediate deductions for expenses, whether they be start-up costs, research spending, or new building construction." - Adam Michel cato.org/blog/treating-… Cato Institute

"New York City’s unprecedented short-term rental regulations have failed to deliver on their promise to combat the housing crisis.... [C]onsumers are instead facing all-time high hotel prices and residents facing all-time high rents." news.airbnb.com/nyc-rules-high…

"Trade optimism for a Trump presidency is most pronounced among some Southeast Asian and Latin American nations that hope to benefit from a renewed trade war between China and the U.S. — or play the two nations off each other." 🤔 politico.com/news/2024/09/0…

Impossible is possible. espn.com/soccer/story/_…

"Why Don’t We Have Flying Cars?" marginalrevolution.com/marginalrevolu… via Alex Tabarrok 🛡️ Maxwell Tabarrok "There is, however, one small but potentially very important difference between the regulation of cars and aircraft."

"The decline of cash as an instrument for transactions, mainly counterbalanced by a rise in credit cards, is all over the US economy." conversableeconomist.com/2024/09/05/goi…

"U.S. Maritime Policy Needs an Overhaul" Colin Grabow  War on the Rocks warontherocks.com/2024/09/u-s-ma…

Scott Lincicome I don’t know where people think American companies get all the things that go into their American-manufactured goods. Funny thing. Some of my US made products have MOST of their raw materials made in the US and it’s the worst supply chain I’ve got. Constant disruptions

"ILA locals prepping for coordinated strike at US East, Gulf coast ports" joc.com/article/ila-lo…

This strikes me as a real tweener on the 25 vs 50bps rate cut call. Huge negative revisions on payrolls (-86k), but still some heat on wage growth. Unemployment rate basically flat (4.53% -> 4.221%).

A big picture jobs-day chart: In several sectors, employment is above where it would have been if strong pre-pandemic trends continued, including: * tech and professional services * wholesale and retail trade Short thread ...

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

"From the 1930s to 2008, Congress passed and presidents signed into law at least 43 housing, urban renewal, and community development programs. Despite their lofty promises, these initiatives consistently failed in making housing more affordable." newsweek.com/kamala-harriss…

🤔🤔🤔🤔🤔