Senior editor
@TheAtlantic
interested in economics and political economy. Formerly
@wired
and
@monthly
, briefly
@FTC
. For pitches, email me, don't DM me.
I should say, I just joined
@TheAtlantic
as an editor, where I will be helping expand coverage of economics and, especially, political economy. If you have great ideas, get in touch.
In 2020, one leading pollster told me, it wasn't uncommon for folks to say, "I’m voting for Trump—fuck you,” then hang up without finishing the poll.
Here's how the industry is trying to avoid underestimating Trump support for the third time in a row:
Tip from an Atlantic insider: the correct way to read this list is to immediately ⌘F, search for the title of your favorite novel, and then tweet angrily when you see it isn't there
Economic models haven't been updated to take high levels of monopolization into account, which helps explain their crappy results.
@AnnieLowrey
explains:
The blocked JetBlue-Spirit merger was a big deal for antitrust. But until we bring back comprehensive airline regulation, the industry is going to stay locked in a race to the bottom.
Today the
@FTC
has proposed a ban on noncompetes, which experts think could raise annual U.S. wages by $300 billion. This piece by
@noamscheiber
provides a really good overview of the evidence behind the proposal.
I know this sounds impossible, but thanks to a loophole in federal legislation, recreational weed has for all intents and purposes been legal nationwide since 2018. All you have to do is make it from hemp.
@mikeriggs
explains:
Electorally speaking, Tim Walz is a kind of bizarro JD Vance.
Walz is supposed to appeal to the base on policy and to working-class swing voters on style. Vance is supposed to appeal to the base on style and to swing voters on (economic) policy.
I don't think Twitter is going to disappear, but if it does, I'm not sure editors are prepared for the explosion of newsroom productivity headed their way
Wrapping up price-gouging week here at the Atlantic, we have
@scottlincicome
arguing that if politicians really want to make food cheaper, they'll target the protectionist regulations that prop up prices:
To be fair, these statistics are pretty hard to follow, and you can grab all kinds of different combinations of stats that seem to point in different directions. More on this soon in the Atlantic ...
Secret societies like Skull and Bones are the Yaliest part of Yale. That used to signify mega-WASPiness, but nowadays means they go extra hard on identity politics:
With a 5-0 unanimous vote, FTC launched a 6(b) study issuing orders to 8 middlemen companies to understand how surveillance pricing works as companies are increasingly using troves of data & algorithms to determine different prices for different people: /1
"The city of Washington, D.C., should seize the Washington Wizards through eminent domain."
@HeyMattConnolly
is the sports+public policy journalist America needs
4. Businesses shouldn't be permitted to covertly and deceptively use people's mental health histories to target them with advertisements.
@FTC
will continue to use all of its authorities to crack down on companies that unlawfully misuse and expose consumers’ sensitive data.
Look, it's a simple matter of supply and demand. Elon supplies the blue checks and his supporters demand that you buy them. That's just how the free market works.
I like that this story breaks out of the reductive "Lina Khan vs. Big Tech" framing. As
@leah_nylen
makes clear, the push to revive antitrust is about the whole economy— from hospitals to rocket ships to sporting goods.
There's some ambiguity over whether the consumer welfare standard is about price or output. Interestingly, corporations touting "price over volume" are confessing both to lowering output and raising price. The twin supreme evils of Chicago-style antitrust analysis.
I'm very confused by the percentage of Biden commentary that treats the argument as whether the Democratic Party should remove Biden — impossible! — when in fact the argument is whether Biden himself should choose to drop out.
It’s been exactly six months since Elon Musk took over Twitter, promising a new era of free speech. But Twitter’s self-reported data shows that, under Musk, the company has complied with hundreds more government orders for censorship or surveillance
Trump, 2016: “Big business, elite media, and major donors are lining up behind the campaign of my opponent because they know she will keep our rigged system in place.”
Trump, 2024: “You’re rich as hell. We’re gonna give you tax cuts.”
Executives sitting on the boards of multiple companies *that compete with each other* is one of those things where you go, "How is this legal?"
And then, like many areas of competition policy, the answer is: It's not. Congress banned it a century ago.
I'm just racking my brains to figure out what those three people have in common ... this feels like a clue but I'm not smart enough to put it all together
@s8mb
Important detail: research shows that noncompetes drive down wages for all workers, not just those covered by noncompetes. The estimated wage increases are likewise across all workers.
Does it strike anyone else as odd that in an era of increased digital surveillance—more security cameras, everyone carrying around an easily trackable device at all times—the cops don't seem to have gotten better at solving crimes?
"But certain factors can turn an uncomfortable situation into an intolerable one, such as living in a society where anybody could have a gun, where any agitation can boil over into mass murder." by
@ebruenig
This is kind of sad. There is so much to criticize about Clarence Thomas—there's no need to make things up. (he did not in fact attack Brown v. Board of Ed)
Contrary to popular belief, California doesn't have uniquely bad housing policy. It had standard-issue bad housing policy but way more people trying to live there. By
@JerusalemDemsas
X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.
We were elated to have Federal Trade Commission Chair Lina Khan in Kansas City. She’s one of the best people in government. I appreciate her looking out for small businesses and consumers in Kansas City and nationwide.
I'm late to it, but this fascinating profile by
@EricCortellessa
pretty convincingly debunks the "Louis DeJoy was installed by Trump to sabotage mail-in voting" story from 2020:
Tip from an Atlantic insider: the correct way to read this list is to immediately ⌘F, search for the title of your favorite novel, and then tweet angrily when you see it isn't there
1. Today
@FTC
voted to explore whether to issue a rule addressing junk fees, the extra or hidden charges associated with unnecessary or unwanted services. Think "convenience fees," "service charges," or countless other fees that can mysteriously show up.
Memo to journalists: you don't need to use state nicknames to avoid repetition. It's okay to say "Arizona" twice in one paragraph. No one calls it the Grand Canyon State and neither should you.
Meta has eaten a ton of crap for its head-scratching business decisions in the past few years. (Cough, metaverse.) But this one seems unambiguously smart. Starting a new social network is a lot easier when you already have network effects. Curious how it plays out.
Here is what Meta’s upcoming Twitter competitor looks like. The company is talking to Oprah and other celebs about being early users.
"We’ve been hearing from creators and public figures who are interested in having a platform that is sanely run”
"There are three things, not at all identical, which the people, in their thought and speech, jumble together, and even attack without any discrimination. They are, first, capital as such; secondly, centralization; and thirdly, monopoly." Written in 1900, still true.