Favorite Rejects 2022-10-29

Charles Edwards @caprioleio

The world's biggest Bitcoin miner is going bust. This is what happens when Bitcoin trades below its production cost for too long.

Matthew Yglesias @mattyglesias

Fed rate hikes weaken the labor market but also hammer the asset prices of the very rich. One of my pet theories is broad land use reform would, by raising equilibrium interest rates, secure the egalitarian benefit without the labor market cost.

wsj.comThe 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This YearMoguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than the market values of most S&P 500 companies.

daniel f stone 🍻 @d_f_stone

"The same legislator who interrupted Bernanke in 2013 is 14 % pts more likely to interrupt Yellen in 2014, and 18 % pts less likely to interrupt Powell in 2018 than they were to interrupt Yellen in 2017." From "Yellin' at Yellen" @JamesBisbee et al papers.ssrn.com/sol3/papers.cf…

Noah Smith 🐇🇺🇦 @Noahpinion

America should punk Britain by supporting Harry and Megan as rival claimants to the throne

Phillips P. OBrien @PhillipsPOBrien

As always @MarinaHyde is spot on. The weird hatred and obsession directed at Harry and Megan is bizarre and representative of a part of Britain that seems unhinged. https://t.co/r5Nixn268a

Matthew Yglesias @mattyglesias

In a nearby world: Lab leak theory was accepted early, Trump was an enthusiastic lockdown proponent to own the PRC, leftists complained he was sacrificing youth to save the elderly, and Covid was the reason for a sharp crackdown on the Floyd protests.

propublica.orgCOVID-19 Origins: Investigating a “Complex and Grave Situation” Inside a Wuhan LabThe Wuhan lab at the center of suspicions about the pandemic’s onset was far more troubled than known, documents unearthed by a Senate team reveal. Tracing the evidence, Vanity Fair and ProPublica give the clearest view yet of a biocomplex in crisis.

Matthew Yglesias @mattyglesias

🇺🇸🇵🇱☢️—> 👍 https://t.co/V3T9lK1cnZ

Secretary Jennifer Granholm @SecGranholm

📣BIG NEWS: Poland's PM Mateusz Morawiecki just announced Poland will select the U.S. government & Westinghouse for the first part of their $40B nuclear project, creating or sustaining 100,000+ jobs for American workers. Thank you for your hard work with @ENERGY, @USAmbPoland! 1/ https://t.co/uuovszCuGy

Noah Smith 🐇🇺🇦 @Noahpinion

An underrated possibility is that WFH might raise fertility rates in developed countries.

Institute for Policy Research at Northwestern @IPRatNU

Working from home during the pandemic may have contributed to a "baby bump" among college-educated women, according to new research by @martha_j_bailey, Janet Currie, and @sesp_nu’s Hannes Schwandt. https://t.co/HYSlgF36K4

Noah Smith 🐇🇺🇦 @Noahpinion

This quote sure makes it sound like she views the blood of children as a delicacy 😳

Jason Campbell @JasonSCampbell

Lara Logan says "the open border is Satan's way of taking control of the world," adding "The ones who want us eating insects, cockroaches, and that while they dine on the blood of children...They're not going to win" https://t.co/S6W4GgbAJh

Dare Obasanjo @Carnage4Life

The biggest head fake in tech this year was Sundar Pichai making a big deal about hiring freezes and Google having too many employees only to hire a record number of people in Q3. They decided a downturn is a great time to pick up great employees getting laid off across tech.

Casey Newton @CaseyNewton

Here it is: Twitter engineers were told today to *print out* their last 30 to 60 days of code, so they could show it to Elon Musk himself. Then they were told wait, no, actually, please shred all that code you just printed out. Subscribe to read ➡️ platformer.news/p/elon-takes-o…

James Pethokoukis @JimPethokoukis

economist.com/briefing/2022/… Joe Biden attempts the biggest overhaul of America’s economy in decades from @TheEconomist

rat king @MikeIsaac

Saturday Night News: Musk fired the company’s entire senior staff “for cause,” an attempt to avoid paying out tens of millions of dollars in severance packages to the former CEO, CFO, GC and head of legal nytimes.com/2022/10/29/tec…