From an economist’s point of view, teetotalism is an incoherent and damaging ideology—for three big reasons https://t.co/uOacwuDeYR ...

Our senior economics writer picks five books for those starting to study the subject https://t.co/5gYGDIWgf3 ...

Industry Outlook - Europe must embrace change [1] - There are five luxuries Europe can no longer feasibly afford [1]

Economy Overview - The headline numbers of the economy look pretty good, with the stock market at record highs and more 401k millionaires than ever before [3] - The labor market shows 147,000 jobs added, which is right on average, and the unemployment rate is at 41% [4] - Inflation has been tamer than expected, with egg and gas prices decreasing, putting more money in people's pockets [5] Economic Slowdown - The economy is slowing down, with first quarter GDP growing only 05%, a significant decrease from the previous quarter's 24% [6] - This slowdown is attributed to less manufacturing, construction, and industrial production, with companies and small businesses pulling back due to tariff concerns [6] - Home affordability is a concern, with home prices at all-time highs and rising costs for buying or renting, leading to increased consumer debt and credit card APRs around 24% [7] Economic Challenges - The resumption of student loan payments is putting pressure on people's finances, leading to rising delinquencies [8] - The potential expiration of tariff freezes introduces uncertainty, with possible dramatic effects or more smoke than fire [9][10] - Cuts to subsidies, especially for lower-income individuals, Medicare, and SNAP programs, along with potential loss of healthcare, create uncertainty [11] Wealth Disparity - The widening wealth gap is a concern, as those who don't own stocks or assets like homes are being left out of the prosperity [12][13] - While half of Americans who own stocks or property are doing well, those trying to get a mortgage face rates of 66% and average home prices around $400,000 [14] - Tax cuts may have an opposite wealth effect, as those on Medicaid or SNAP may contribute less to the economy due to a lack of surplus [15][16]

In Scotland, golf has traditionally been more accessible than in the US or England. But its economics are being severely tested by rich Americans https://t.co/3NFeQk70hX ...

Industry Trend - Golf in Scotland has traditionally been more accessible compared to the US or England [1] - The economics of golf in Scotland are being severely tested by wealthy Americans [1]

The "One Big Beautiful Bill Act" promises to become a poster child of Congress working against the country’s interests and in stubborn opposition to economists’ advice, says @keds_economist (via @opinion) https://t.co/UBVLsxZbBN ...

Economic Analysis of Greenville - Greenville's GDP growth has been phenomenal, but real wages have been below the national average since 1970 [1] - Real wages in Greenville peaked at approximately 90% of the national average around 1995 and have been declining since [1] - South Carolina is ranked 47th out of 51 in the country in terms of real wages [1] - Greenville has historically prioritized GDP growth over real wages, according to an AI analysis of strategic plans since 1907 [1] Impact of Artificial Intelligence - Artificial intelligence is accelerating the replacement of labor by capital in production [2] - Tasks within jobs are categorized as either prediction-related or judgment-related, with prediction-related tasks being more susceptible to automation [2] - The concept of a full-stack engineer is evolving to encompass hardware and software expertise [2] - The manufacturing industry is currently in a "between times" phase with AI, similar to the early days of electricity, where the transformative potential is recognized but the specific applications are still unclear [3] Strategic Recommendations for Greenville - Develop innovation labs immediately to explore the next generation of manufacturing (Industry 4.0) [10] - Encourage the creation of new companies focused on AI automation, leveraging the $18 billion invested in early-stage AI companies over the last 24 months [11] - Recruit five of the top 200 AI automation companies (funded with over $10 million each) to establish offices in Greenville [12]

Problem & Solution - The speech addresses the lack of access to quality knowledge as a significant issue [3] - Echolam, later named Kofa, was founded in April 2024 to raise awareness about economics in Turkey [4][5] - Kofa provides free online core economics courses to all ages [9] Financial Literacy in Turkey - Only 7% of Turkish households are financially literate, according to the Turkish Central Bank [5] - OECD's 2023 data shows Turkey's financial literacy score is 121% out of 21, below average [6] - Lack of financial literacy leads to a lower quality of life and vulnerability to misinformation [7] Kofa's Impact - Kofa's first program received over 270 applications [11] - Participants learned about basic economic concepts, recent economic crises, and personal finance [12] - Some participants considered studying economics in the future [12] Call to Action - Individuals are encouraged to identify a big issue in their community and take action [13][14] - The speech emphasizes the importance of collaboration and initiative in making a change [13]

we just published a colossal report on Solanacovering economics, apps, performance, emerging sectors and moreread for free below — or tbh just paste into chatgpt and say "summarize this" like youll probably do and nuke all our hardwork — I understandhttps://t.co/r6zWwrJxEa ...