this is a story that originally aired on Dateline Boston last year
open.substack.com/pub/mildne…
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I'm getting back into writing by reviewing some movies I've seen. I have bad taste you can trust.
letterboxd.com/dallaschristm…
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a huge problem in econ/fin journalism, is treating it like a science, and treating percentages as absolute measures. all this "earnings catching up to inflation" implies that the cost of living was affordable before, with only an unpleasant interim. people weren't happy before!
Couple possible ways to look at this.... 1) The TikTok thesis is real, it's just not true 18-29 y.o.'s lost all this ground relative to older even with inflation. 2) The winner/loser split between older pre-pandemic homeowners sitting on a pile of gold and younger aspiring ones
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confidently, proudly, and smugly announcing I do not understand what percentages measure
For all the talk about housing prices driving negative economic sentiment, the rapid spike in rents was a one-time thing that basically ended in fall of last year. Since then, we have slid towards actual rent DEFLATION. Meanwhile, wages keep rising, catching people up to rents.
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moving back to america soon, I hope everyone's still talking about my favorite show, the hit podcast s-town
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"What a spectacular ceremony today, the stuff of fairytales, such pomp only last seen over seventy years ago, today at least 65% of the audience at Westminster today was diapered"
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Innovative Tech VCs hate that everyone's calling the bailout a bailout.
mildnews.substack.com/p/plea…
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I wrote about Macron, the king of France, and whether that country has any money at all.
mildnews.substack.com/p/king…
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