Last year, the billionaire investor Marc Andreessen, a friend of Bezos’s who once gave generously to Democrats, announced that he would back Trump. In a recent interview with the Times, Andreessen said his cohort believed that the Biden Administration had targeted the tech industry “in a very broad-based way.” There were, he said, “lots and lots of... See more
Watching this from inside the media, I’ve experienced two contradicting feelings. First is a kind of powerlessness from working in an industry with waning influence amid shifting consumption patterns. The second is the notion that the craft, rigor, and mission of traditional journalism matter more than ever.
A recent paper by two economists at the Federal Reserve found that Mr Trump’s targeted tariffs did not work as intended. Looking at manufacturing industries such as household appliances and car parts, they found a small jobs boost from the import protection conferred by tariffs. But this was more than offset by drags from both retaliatory tariffs... See more
On Instagram, TikTok, YouTube, X, Facebook, and almost every other big social media platform, the link is deprioritized in favor of keeping your eyes on the platform at all costs. This has had disastrous consequences for journalism, art, and the fundamental connective nature of the web.
The average age of first-time home buyers recently hit a modern record of 40. Just as poor people buy lotto tickets when they feel their income is “low relative to an implicit standard,” perhaps young people today are drawn to get-rich-faster schemes precisely because middle-class hallmarks, such as homeownership and children, feel like luxuries... See more