Trump fires Lisa Cook in an unprecedented move, and immediately the US dollar sinks against the Yen (in red), the Euro (teal), and the British Pound (purple). Stocks are also sorting it out, but down around a quarter point.
Point is: Markets don't think this is move helps American business.
I'm now in the possibly-unique position of having (a) publicly opposed Lisa Cook's appointment to the Fed board and (b) publicly opposed Lisa Cook's removal from the Feb board, absent an actual finding of guilt.
Just received this statement from Lisa Cook, via her attorney:
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."
Curious about that other, better site where the sky is blue? Three assets:
Good advice:
https://t.co/NX7vUXei5q
Starter packs (etc) :https://t.co/AtoqmB6T2l
Troll-less-ness:
https://t.co/foWg95z0ZH
Econ job market candidate intros #EconTwitter
Candidates: Introduce yourself. Make sure you communicate:
1) your name & program,
2) image of JMP title & abstract,
3) "#EconJMP", &
4) a link to your website.
Employers: browse & interact respectfully.
Everyone else: shhhh.
Dear followers,
after witnessing the deterioration of Twitter/X, I have just created an account on Bluesky. My handle there is @DAcemogluMIT.bsky.social
I might try to post a few things on both platforms for a while, but I'm hoping to slowly transition to Bluesky over time.
Lots more moving to where the sky is blue. Aaron maintains a useful "economics institutions starter kit," which is quite the chore as more arrive daily. Thanks!
Someone posted this morning "my feed is like EconTwitter back when it worked." True, that.
Call for papers:
HEC Paris AI and Entrepreneurship Workshop
Topics: Entrepreneurship & AI, and implications of AI for org of firms & markets, entrepreneurship, …
When: Dec 14
Where: HEC Paris
Keynotes: @timobres@joshgans
Deadline: Sept 1
More info: https://t.co/VL0PsBNfIB
Hey American Economics Association members, you just received the followup email about the social media survey. Please respond if you have not. Closes Monday.
@BarbaraBiasi Stanford switched from birthing to both parents under supposed threat of lawsuits from fathers. I had a screaming fight with U. lawyers trying to stop it. Later, after the baby wave (dads junior faculty) I went back to the Provost to object again. No luck.
Please do take this survey, AEA members. You got a reminder email today, so it is easy. Let us know your view of opportunities and/or of problems with professional use of social media!
AEA members are invited to take this anonymous 10-minute survey designed by the AEA Ad Hoc Committee on the Use of Social Media in Economics. Learn more and complete the survey at https://t.co/uSUjdPXSSp.
AEA members are invited to take this anonymous 10-minute survey designed by the AEA Ad Hoc Committee on the Use of Social Media in Economics. Learn more and complete the survey at https://t.co/uSUjdPXSSp.
@DannyDrinksWine Branagh's Hamlet
The "Midsummer Night's Dream" with Diana Rigg and Helen Mirren
West Side Story in the adaptions category, closely followed by "Sons of Anarchy" in the TV-adaptions category.