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jimbingo.bsky.social
drubdrub
@jimbingo.bsky.social
120 followers 410 following 28 posts
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jakemgrumbach.bsky.social
After becoming a congressional leader, a politician’s stock portfolio beats out those of peers by 47 (!!!) percentage points a year through trades timed around bills and firms that later get government contracts

www.nber.org/papers/w34524

via @florianederer.bsky.social
"Captain Gains" on Capitol Hill Shang-Jin Wei & Yifan Zhou WORKING PAPER 34524 DOI 10.3386/w34524 ISSUE DATE November 2025 Using transaction-level data on US congressional stock trades, we find that lawmakers who later ascend to leadership positions perform similarly to matched peers beforehand but outperform them by 47 percentage points annually after ascension. Leaders' superior performance arises through two mechanisms. The political influence channel is reflected in higher returns when their party controls the chamber, sales of stocks preceding regulatory actions, and purchase of stocks whose firms receiving more government contracts and favorable party support on bills. The corporate access channel is reflected in stock trades that predict subsequent corporate news and greater returns on donor-owned or home-state firms. 令 1 1 -9 -8 -7 -6 -5 -4 -3 -2 -1 1 2 3 4 5 7 8 9 Year Figure 2: Estimated dynamic quasi-difference-in-differences coefficient, di, of equation(3), with vertical dashed lines representing 90 percent confidence intervals. The point estimate of the year in which the lawmaker became a congressional leader (Year 0) is normalized to zero. BHAR over the 250 days following each trade is the dependent variable and calculated using the Fama-French five-factor plus momentum as the benchmark model.
December 3, 2025 at 1:42 AM
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davidjroth.bsky.social
Everyone is getting upset about the data centers. They pollute a lot and use a lot of energy and will eventually be very ugly/huge vacant buildings. And I understand being mad about that. Until you consider the state of the lazer tag industry at this moment, and how much help that sector needs.
December 1, 2025 at 4:07 AM
jimbingo.bsky.social
**POP**
substack.com/inbox/post/1...
The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme
On November 20, 2025, trading algorithms identified what may become the largest accounting fraud in technology history—not in months or years, but in 18 hours.
substack.com
November 23, 2025 at 7:00 AM
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rcolesworthy.bsky.social
the Harvard Crimson called Epstein a “child sex offender” while the Chronicle of Higher Ed called him a “disgraced financier” and that pretty much sums up where we are with higher ed journalism
November 20, 2025 at 3:29 AM
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jakemgrumbach.bsky.social
Dani Rodrik in the NYT the other day with a pretty compelling argument about making service sector jobs into good jobs

www.nytimes.com/2025/11/10/o...
Progressives have echoed the right in calling for a revival of manufacturing. This is a mistake. Automation and global competition have killed manufacturing jobs in virtually all middle-income and advanced economies. Manufacturing's share of employment has broadly continued to fall in the United States despite strident efforts by Presidents Biden and Trump to arrest it. Today roughly one in 12 American workers is employed in manufacturing. Putting up trade barriers against China will not work. China itself has lost millions of manufacturing jobs over the past decade and a half.
November 17, 2025 at 12:10 AM
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ditzkoff.bsky.social
that weird orc from Lord of the Rings: "Looks like woke's back on the menu, boys"
November 5, 2025 at 3:12 AM
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ditzkoff.bsky.social
“I wish Andrew Cuomo only the best in private life”
November 5, 2025 at 4:22 AM
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zohrankmamdani.bsky.social
أنا اسمي زهران ممدان وعم رشّح حالي لأكون العمدة الجديد في مدينة نيويورك
November 1, 2025 at 8:54 PM
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paleofuture.bsky.social
Rest now, brother. We have the watch. And I will see you in Valhalla. 🫡
November 3, 2025 at 12:52 AM
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thedailyshow.com
The following is REAL footage from Portland, 2025. Viewer discretion is advised.
October 9, 2025 at 8:23 PM
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lvaces.bsky.social
THAT'S OUR M'VP RIGHT THERE 🗣️
October 9, 2025 at 2:35 AM
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chicago.suntimes.com
Body-camera video appears to contradict the government’s claim that Marimar Martinez, 30, drove toward officers before one of them opened fire at her late Saturday morning in Brighton Park, her attorney claimed.
trib.al/9Sxu9IN
Attorney for woman shot by Border Patrol claims officer said 'Do something b-----' before shooting
Body-camera video appears to contradict the government's claim that Marimar Martinez, 30, drove toward officers before one of them opened fire at her late Saturday morning in Brighton Park, her attorney claimed. A judge ordered Martinez and a co-defendant released pending trial.
trib.al
October 6, 2025 at 9:58 PM
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cristianfarias.com
This video of Chicagoans intervening to save a man from being abducted off the streets by ICE is making the rounds on Instagram.

Community action works.

Source: www.instagram.com/reel/DPZL2AL...
October 5, 2025 at 5:24 PM
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dutchpendergrass.bsky.social
Stephen Miller so mad right now. He’s barely touched the live rat they feed him in his cage at night.
October 5, 2025 at 12:01 AM
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kattenbarge.bsky.social
“Bluesky isn’t fun” problem and “Bluesky is the only social media platform where you will actually see the news” problem are the same problem
October 4, 2025 at 3:11 PM
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owillis.bsky.social
lol new clown car just rolled up
September 17, 2025 at 1:05 PM
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zliscow.bsky.social
🚨NEW RESULTS (w/ Slattery & Nober)
- When gov't engineers retire, highway projects cost more: the engineers pay for themselves 6 times over
- Improving gov’t engineer quality from the 25th to 75th percentile reduces costs by 14%, equal to 3x avg. engineer pay

Paper: papers.ssrn.com/sol3/papers....
September 12, 2025 at 1:43 PM
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econcunningham.bsky.social
This is a really important paper. American infrastructure is expensive because we outsourced the capacity design (or perhaps even bid) effectively.
zliscow.bsky.social Zach Liscow @zliscow.bsky.social · Sep 12
🚨NEW RESULTS (w/ Slattery & Nober)
- When gov't engineers retire, highway projects cost more: the engineers pay for themselves 6 times over
- Improving gov’t engineer quality from the 25th to 75th percentile reduces costs by 14%, equal to 3x avg. engineer pay

Paper: papers.ssrn.com/sol3/papers....
September 12, 2025 at 9:58 PM
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nicholasgrossman.bsky.social
The free speech activist who built a list of professors he worked to get fired for their speech must be celebrated for his support of free speech, and anyone who quotes his speech accurately in context will be fired and/or face state punishment by the champions of free speech, do I have that right?
September 15, 2025 at 2:43 PM
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davidrvetter.bsky.social
This is century-defining stuff.
jonasnahm.com Jonas Nahm @jonasnahm.com · Sep 12
1/ New report from @bentleyallan.bsky.social's Net Zero Policy Lab: As the US withdraws from green tech industries and pressures allies to follow suit, China is stepping in to power the developing world's energy transition. The scale is staggering.

www.netzeropolicylab.com/china-green-...
China Green Leap Outward — Net Zero Industrial Policy Lab
A new China Low Carbon Technology FDI Database
www.netzeropolicylab.com
September 12, 2025 at 4:50 PM
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pbump.com
Extremist murders by ideology, 2013 to 2022. www.pbump.net/o/reassessin...
September 13, 2025 at 2:38 AM
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ugarles.bsky.social
fbi puts another one in the books. closing the case the way most crime is solved: someone calls and tells them who did it.
September 12, 2025 at 3:00 PM
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nellscovell.bsky.social
This is a Melissa Hortman appreciation account for the next 24 hours.
Minnesota lawmaker Melissa Hortman remembered as funny, savvy and 'a true leader'
Friends and colleagues remembered her as grounded, kind and compassionate.
www.pbs.org
September 10, 2025 at 11:39 PM
jimbingo.bsky.social
Makes sense they shot him in the neck. His face was way too small of a target
September 11, 2025 at 3:32 AM
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davelevitan.bsky.social
I know, I know, but: The president of the US saying, literally, "we're going in" in reference to sending the military to an American city for no reason beyond terrorizing the local population should be the most immediately impeachable shit imaginable
September 2, 2025 at 8:57 PM