Eric Budd
@ericmbudd.com
the econ side of everything. @boulderbedrooms.bsky.social, @BoulderProgressives.org, Better Boulder. he/him.
2025 Election Voter Guide: https://bouldercoloradovoterguide.com
2025 Election Voter Guide: https://bouldercoloradovoterguide.com
Reposted by Eric Budd
there's an old stereotype of china as outcompeting america because of masses of cheap labor. but as michael pettis puts it, contemporary chinese firms don't act as if labor is free. they act as if capital is free
“Yang Jiemin, VP of the state-owned company behind the port, said its highly automated operations require 60% fewer workers than traditional ports. It underscores one advantage Chinese companies have in deploying AI versus the U.S.: no independent labor unions.” www.wsj.com/tech/ai/ai-r... (🎁🔗)
Robots and AI Are Already Remaking the Chinese Economy
China’s factories and ports are learning to make and export more goods faster, cheaper and with fewer workers.
www.wsj.com
November 25, 2025 at 3:08 PM
there's an old stereotype of china as outcompeting america because of masses of cheap labor. but as michael pettis puts it, contemporary chinese firms don't act as if labor is free. they act as if capital is free
hard to see a jury being into that argument but anyway
OpenAI is arguing in court that it wasn't responsible for ChatGPT repeatedly encouraging a teen to die by suicide because he was violating our TOS. I'm not a legal expert but am very curious who courts will think is responsible for an AI's actions.
OpenAI denies allegations that ChatGPT is to blame for a teenager's suicide
Adam Raine's family sued the AI company in August. On Tuesday, OpenAI said in a new court filing that it isn't responsible for the teen's death.
www.nbcnews.com
November 26, 2025 at 2:11 AM
hard to see a jury being into that argument but anyway
I'm just not convinced we'll get this lucky
this is your regular reminder that not only will the AI bubble pop at some point, it will take Elon Musk with it
November 25, 2025 at 9:07 PM
I'm just not convinced we'll get this lucky
Reposted by Eric Budd
NEW: As President Trump increases pressure on Colorado Governor Polis to free Tina Peters, a close ally of Peters is calling for Gov Polis and Attorney General Weiser to be executed.
MAGA podcaster Joe Oltmann called for the execution of several Colorado Democrats by name.
MAGA podcaster Joe Oltmann called for the execution of several Colorado Democrats by name.
November 25, 2025 at 2:50 AM
NEW: As President Trump increases pressure on Colorado Governor Polis to free Tina Peters, a close ally of Peters is calling for Gov Polis and Attorney General Weiser to be executed.
MAGA podcaster Joe Oltmann called for the execution of several Colorado Democrats by name.
MAGA podcaster Joe Oltmann called for the execution of several Colorado Democrats by name.
Reposted by Eric Budd
we're going to lose a modern cultural phenomenon
Microsoft added a new Windows mode that blanks out the Blue Screen of Death on public displays after 15 seconds.
www.theregister.com/2025/11/18/w...
www.theregister.com/2025/11/18/w...
Windows Digital Signage mode hides BSoDs after 15 seconds
: BORK is borked
www.theregister.com
November 25, 2025 at 5:16 PM
we're going to lose a modern cultural phenomenon
Reposted by Eric Budd
Reposted by Eric Budd
Quotes on the economy, last few days:
* WSJ: “Life felt more doable a year and a half ago.”
* CBS: “Paying for the house, the car — I just couldn’t do it anymore.”
* FT: “scraping for crumbs.”
@financialtimes.com
www.ft.com/content/cfa6...
* WSJ: “Life felt more doable a year and a half ago.”
* CBS: “Paying for the house, the car — I just couldn’t do it anymore.”
* FT: “scraping for crumbs.”
@financialtimes.com
www.ft.com/content/cfa6...
November 25, 2025 at 12:41 PM
Quotes on the economy, last few days:
* WSJ: “Life felt more doable a year and a half ago.”
* CBS: “Paying for the house, the car — I just couldn’t do it anymore.”
* FT: “scraping for crumbs.”
@financialtimes.com
www.ft.com/content/cfa6...
* WSJ: “Life felt more doable a year and a half ago.”
* CBS: “Paying for the house, the car — I just couldn’t do it anymore.”
* FT: “scraping for crumbs.”
@financialtimes.com
www.ft.com/content/cfa6...
in the near term the bill might help Republicans wreck public education, but part of me hopes that will turn the public against Republicans
Ohio lawmakers have brought back up a bill to add party labels to candidates in local school board elections with a new amendment that would also eliminate all elected seats on the State Board of Education, making the entire body governor-appointed ohiocapitaljournal.com/2025/11/24/o...
Ohio bill would add political parties to school board races, reduce State Board of Education seats • Ohio Capital Journal
The Ohio legislature brought back up a bill that would add party names to local school board elections, and added an amendment that would eliminate elected seats on the State Board of Education,…
ohiocapitaljournal.com
November 25, 2025 at 1:47 AM
in the near term the bill might help Republicans wreck public education, but part of me hopes that will turn the public against Republicans
Reposted by Eric Budd
Ohio lawmakers have brought back up a bill to add party labels to candidates in local school board elections with a new amendment that would also eliminate all elected seats on the State Board of Education, making the entire body governor-appointed ohiocapitaljournal.com/2025/11/24/o...
Ohio bill would add political parties to school board races, reduce State Board of Education seats • Ohio Capital Journal
The Ohio legislature brought back up a bill that would add party names to local school board elections, and added an amendment that would eliminate elected seats on the State Board of Education,…
ohiocapitaljournal.com
November 25, 2025 at 1:30 AM
Ohio lawmakers have brought back up a bill to add party labels to candidates in local school board elections with a new amendment that would also eliminate all elected seats on the State Board of Education, making the entire body governor-appointed ohiocapitaljournal.com/2025/11/24/o...
Reposted by Eric Budd
November 24, 2025 at 11:46 PM
I'd try it
My aunt who famously can’t cook tried to make a pumpkin pie. She didn’t know what cloves were, so she put garlic cloves in it. Whole.
November 25, 2025 at 1:35 AM
I'd try it
the downsides of private transit
Waymo privatized another public street:
Chanel approaching 4th, San Francisco
Possibly queued for a Billie Eilish show at Chase Center ~half mile away.
The light rail train on 4th seen passing in front of this roboherd has more passenger capacity than all of them combined.
OP: .tiktok.renaspam18
Chanel approaching 4th, San Francisco
Possibly queued for a Billie Eilish show at Chase Center ~half mile away.
The light rail train on 4th seen passing in front of this roboherd has more passenger capacity than all of them combined.
OP: .tiktok.renaspam18
November 25, 2025 at 1:28 AM
the downsides of private transit
Reposted by Eric Budd
no the new york times does not make money off of my once-a-year post about rogue one
The whole business model is just rage bait at this point. Just don’t engage with these people.
November 24, 2025 at 9:27 PM
no the new york times does not make money off of my once-a-year post about rogue one
🤣🤣
I am not into most any Star Wars stuff post 1980s
watched half of Andor and it was at least interesting
I am not into most any Star Wars stuff post 1980s
watched half of Andor and it was at least interesting
very funny that within like 20 minutes of these posts i already got a “he has this bad take because works for the new york times” quote post. no, i have this correct take because i’m not so blinded by fan service slop that i can’t evaluate a film on its own merits
November 25, 2025 at 1:15 AM
🤣🤣
I am not into most any Star Wars stuff post 1980s
watched half of Andor and it was at least interesting
I am not into most any Star Wars stuff post 1980s
watched half of Andor and it was at least interesting
Reposted by Eric Budd
GS: Our Q3 GDP forecast stands at +3.8%
November 25, 2025 at 12:53 AM
GS: Our Q3 GDP forecast stands at +3.8%
won't someone think of the poor, underpaid CEO
Campbell's soup VP caught on tape trashing his own brand. Oof. www.clickondetroit.com/news/local/2...
November 25, 2025 at 12:19 AM
won't someone think of the poor, underpaid CEO
Reposted by Eric Budd
Great day in St Louis! Took the metro to a food hall, won an escape room, visited a museum, and had *plenty* of sugar. 😂 @ericmbudd.com
November 24, 2025 at 11:22 PM
Great day in St Louis! Took the metro to a food hall, won an escape room, visited a museum, and had *plenty* of sugar. 😂 @ericmbudd.com
Reposted by Eric Budd
GOLDMAN has some tough words about the young college-grad unemployment rate rising to 8.5%. 👀
“.. A further deterioration in employment opportunities .. perhaps reflecting AI and other efficiency-enhancing measures .. could have a disproportionate negative impact on consumer spending ..”
“.. A further deterioration in employment opportunities .. perhaps reflecting AI and other efficiency-enhancing measures .. could have a disproportionate negative impact on consumer spending ..”
November 24, 2025 at 2:24 PM
GOLDMAN has some tough words about the young college-grad unemployment rate rising to 8.5%. 👀
“.. A further deterioration in employment opportunities .. perhaps reflecting AI and other efficiency-enhancing measures .. could have a disproportionate negative impact on consumer spending ..”
“.. A further deterioration in employment opportunities .. perhaps reflecting AI and other efficiency-enhancing measures .. could have a disproportionate negative impact on consumer spending ..”
Reposted by Eric Budd
do you have any idea how much you have to piss somebody off to make them change their gauge
#Finland will begin to #Russia - proof its rail network, integrate with EU train infrastructure.
The Finnish government has announced the conversion of its rail network from Russian gauge (1,524 mm) to European standard (1,435 mm).
www.trenvista.net/en/news/flas...
The Finnish government has announced the conversion of its rail network from Russian gauge (1,524 mm) to European standard (1,435 mm).
www.trenvista.net/en/news/flas...
November 23, 2025 at 4:40 PM
do you have any idea how much you have to piss somebody off to make them change their gauge
I'm very stupid because I thought blue laws just covered alcohol
I forgot I lived in Bergen county NJ for a moment where it’s illegal to buy 90% of things on Sunday
November 24, 2025 at 1:07 AM
I'm very stupid because I thought blue laws just covered alcohol
Reposted by Eric Budd
"Meme stocks have lost some 60 P/E points, while the big players (Mag 7) trade at a reasonable 32.6x and the S&P 493 at 20.7x. For the large caps these are not bubble valuations."
-Jurrien Timmer, Fidelity
@TimmerFidelity
-Jurrien Timmer, Fidelity
@TimmerFidelity
November 23, 2025 at 8:00 PM
"Meme stocks have lost some 60 P/E points, while the big players (Mag 7) trade at a reasonable 32.6x and the S&P 493 at 20.7x. For the large caps these are not bubble valuations."
-Jurrien Timmer, Fidelity
@TimmerFidelity
-Jurrien Timmer, Fidelity
@TimmerFidelity