Anyone else find the Celsius report even more shocking than the FTX fiasco? It was calculated manipulation from the very beginning.
What's crazy is that CEL and FTT were so similar in terms of market structure.
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Nate DiCamillo
@Nate_DiCamillo
Economics and finance reporter . Formerly and . Email: ndicamillo@qz.com. He/him. 
Nate DiCamillo’s Tweets
Sequence of events: Rents explode. Homelessness explodes. Some of the newly homeless individuals develop drug addiction because homelessness is torture. Ppl then blame non-housing factors for the homelessness instead of the thing that caused it in the first place: housing costs.
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America's labor market was much stronger than we thought.
New data shows the US added 5M jobs in 2022, unemployment is at a 50-year low, and employment has nearly fully recovered.
That makes it more likely inflation can fall without a recession:🧵
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This. H5N1 is near and dear to my heart, because it was what immersed me in pandemic planning in 2005. The takeaway is - we invested a lot of time and money into planning, then tossed/ignored/dismissed all of it when a pandemic happened. AND we forgot H1N1. We need to go back -
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My thoughts on H5N1: we’ve been here before.
We know H5N1 transmits easily in wild & domestic birds. We know H5N1 outbreaks in mink farms be awful. We know H5N1 has very high mortality in people.
All this happened last time. And last time, person-to-person spread was minimal.
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Replying to
always taking pitches for at work! looking for service-y stories on how to navigate the modern workplace, rate is $0.50/word. email is in my bio and pitch guidelines are here:
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Tell me more about this extremely tight out-of-balance labor market...🤔
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Hidden in the Fed's most recent statement was the removal of public health readings among the list of data the central bank is reviewing to make future interest rate decisions. Story in :
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Several economists are beginning to understand inflation not as a neutral monetary phenomenon but as a battle between workers and employers over who will get to benefit from labor. This latest data shows that workers are losing that battle. Story in : qz.com/us-wage-growth
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NEW: Governor Kathy Hochul is ramping up funding for 'hot spot' policing — the controversial strategy used by the cops who killed Breonna Taylor in Louisville and Tyre Nichols in Memphis.
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I thought the Fed established a new strategic framework where policy will be driven by a balanced assessment of incoming data over preconceived notions of unobservable “stars”?
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My hot take is that most of us have not adequately processed the trauma of the pandemic. And our sprawling, unprocessed trauma chews away at our brains in myriad ways that make us anxious about why we can’t seem to live our lives as instinctively or as joyously as we did in 2019.
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scoop 🚨 Binance has acknowledged an error that means it currently keeps reserves for almost half of its 94 Binance-peg tokens — worth over $539 million — mixed up with customer funds inside a $16.5 billion exchange wallet
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Behavioral econ is cool, but once we admitted people are irrational, it seems wrong to end up with 50x more work on "we must help people with tiny nudges," vs. "Oh shit, firms must be taking advantage of people like crazy with this stuff."
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Hello twitter, I want to talk today about the state of the press relations in the United States. You may or may not know, but it is increasingly rare for your local journalist to be able to simply call an official to ask questions.
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Odd that this never made it into any of the Twitter Files
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McCarthy had his general counsel "spend hours" with senior executives at Twitter trying to get Marjorie Taylor Greene back on the platform after she was banned for violating misinformation policies. From @jonathanvswan @CatieEdmondson nytimes.com/2023/01/23/us/
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My For You page on Twitter—not TikTok—is a chaotic mess, replete with right-wing rage bait, ‘some personal news’ tweets, and the worst viral posts you can imagine. My early review of this new cesspool for :
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The Delaware judge overseeing ’s bankruptcy proceedings has approved Sullivan & Cromwell’s motion to be appointed debtors’ counsel, dismissing concerns that the white-shoe law firm has a conflict of interest in the case.
reports
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Anyway, they should mint the coin not for any deep, meaningful reasons, but just because it is an explicitly legal way to resolve problems that have arisen in statecraft. Simple as
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Europe’s energy divorce from Russia has been swift, and the US is quickly becoming the EU's top energy provider. Story in @qz: qz.com/the-us-is-surp
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Europe’s energy divorce from Russia has been swift, and the US is quickly becoming the EU's top energy provider. Story in : qz.com/the-us-is-surp
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UPDATE: Cigna has approved the scans!!! I appreciate y'all so deeply for making this happen, & Cigna for doing the right thing. But this tweet shouldn't have to go viral for this 2 happen. It's an individual solution to a systemic problem, which is to say no real solution at all.
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Going to be very sad if New York's ambitious housing plans die because the governor blew all her political capital on a bad call about Court of Appeals judge
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Sam Bankman-Fried, the accused fraudster behind FTX, is facing serious federal charges. While most criminal defendants stay silent, SBF has been tweeting, doing interviews, hopping on Twitter Spaces, and is now writing a Substack.
He refuses to shut up.
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Omg the transcript of invoking MLK this weekend to curry favor for her conservative chief justice nom is here and it’s an Onion article, omg. #NoOnLaSalle
read image description
ALT
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"Dr. King called upon us to be just and to be fair, and to not judge people. And that has not been afforded to an individual named judge Hector LaSalle," @GovKathyHochul told a Sunset Park congregation on Sunday.
Read the full transcript here:
hellgatenyc.com/governor-hochu
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This is a story about a campaign that CEO unveiled today at in Davos. It’s also by far the most personal story I have ever written
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Breaking: my investigation w/ reveals The Natl Restaurant Association’s lucrative scheme: $$ fees unwitting workers pay for ‘food safety certification’ are funneled to cover the costs of the groups’ Goliath battle against higher wages
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Hoping we can gin up digital media’s most insufferable rivalry: Quartz’s pop-up email from Davos vs. Semafor’s.
Sign up for the *original* Davos Daily Brief, now in its fourth year and 50K+ readers/illuminati strong: qz.com/emails/davos20
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We'll be producing a daily newsletter out of Davos next week, which has subjected me to relentless mockery from my own staff.
Please compensate by DMing your tips, thoughts, threats*
You can sign up here: docs.google.com/forms/d/e/1FAI
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no one:
journalists covering the most obscure committee hearing on the most random topic imaginable
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Actress and UN ambassador Gugu Mbatha-Raw on confronting compassion fatigue
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We must continue in 2023 to fight inequality, to decolonize global health, in order to achieve #HealthForAll.
Thank you for highlighting this 🙏🏾
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I wrote about the strange and legally fraught lawsuit that Seattle Public Schools brought against the companies behind Facebook, Instagram, TikTok, YouTube, and Snapchat. The district blames these companies for spurring a "mental health crisis." In :
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If you'll be at Davos, or wish you were, or just want to hate-read about what happens there, please sign up for daily dispatches next week from me and . We'll have (snow)boots on the ground there and we can't wait to share what we see & overhear
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Chinese shipyards made up 87% of new car carrier ship orders in 2022. State media calls the vessels "money printing machines at sea." But profits are only one part of the picture as China aims to corner the car shipping segment of the global auto industry: qz.com/china-wants-to
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It really is astonishing that core CPI is back at 3.1% on a 3-month annualized basis from a peak of 10.0% in June 2021 (still up moderately from 2.5% in Feb 2020) and the unemployment rate is at 3.5%. That is some seriously good news
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For six months, annual inflation has fallen. But the Fed may ignore this data because it doesn't want to loosen financial conditions. In : qz.com/us-inflation-c
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“China’s in the midst of a #Covid crisis w unmitigated spread & could be a breeding ground for functionally important variants...
And we’re not ready.
Genomic surveillance around the world has dropped 90% since early 2022.”
TY for 5⭐️ review
wapo.st/3GpfDeC
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After +1M people in the US died in the Covid pandemic, you might have thought there'd be an after-action review of the country's response & traction for changes so next time goes better. But you'd have been wrong. explores where things stand.
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When Congress enters its debt ceiling battle in August, remember that House R’s first move of the year was trying to prevent the IRS from enforcing basic tax law.
From in : qz.com/republicans-fi
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The deeper I look into the bowels of last week’s job market data, the more I think we can skirt a recession. That’s because businesses aren’t laying off workers and unemployment is at a half century low, but regardless, job market slack is forming, and wage pressures are abating.
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Thoughtful piece on inflation--and the potential for a 2023 recession--by
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