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Derek Thompson
Staff writer @TheAtlantic. Host of "Plain English" podcast @Ringer. Mondays on NPR's @hereandnow. Co-writing a book about progress.
I really have sympathy for the startups that pulled cash from SVB. But now that all depositors will be made whole, it does ~kind of~ seem like a few VCs sparked a bank run that destroyed a critical business partner and didn't actually leave their startups materially better off
I wrote about SVB, Silicon Valley, and the end of the age of LIRP: low-interest rate phenomena. As the saying goes, kind of: When the zero-interest-rate tide goes out, you see who's been LIRPing naked.
Screenshot is from: But if you disagree with the text of the tweet, yell at me, not other Thompson.
@ReubenR80027912 ofc, nobody on friday could precisely predict the govt's actions on sunday. but in a typical prisoner's dilemma, some prisoners win, some lose. that's why it's a dilemma. by guaranteeing all deposits, the govt obviated the dilemma, and the only certain outcome is SVB is dead
@mckaycoppins @EricaGriederthis . lord knows i've had issues with some parts of the left that seemed overly focused on vocabulary > material policy, but the new right has just about entirely made itself a home for screaming about acronyms and identity politics
In CA, high speed rail costs are ballooning and the project is languishing. Yesterday, NY Gov Hochul scrapped plans to build rail to LGA, bc costs 5X'd. Today, reporting that Atlanta is indefinitely delaying its public transit service expansion plans. Build-nothing nation.
I understand that these are polarized times, but I strenuously object to using this kind of language to describe Republicans migrating from NY and CA
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What happened is scientists discovered chlorofluorocarbons were bad for the ozone, countries believed them, the Montreal Protocol was signed, and CFC use fell by 99.7%, leading to the stabilization of the ozone layer, perhaps the greatest example of global cooperation in history.
New @DataProgress poll: - 52% of Americans under 45 have lost their job, had hours reduced, or been furloughed -35% of Americans under 35 now say they don't have health insurance
The level of pregnancy-related deaths in the U.S. is a national tragedy. We are basically alone in the developed world in the elevated level and rising rate of maternity deaths.
On average, time spent - with family peaks at <15yo - with friends peaks at 18 - with coworkers peaks at 30 - with children peaks at 40 - with your partner peaks at 70 - alone peaks at the end fascinating chart (ht @Alex_Radke )
There is a 100% chance that this graph is a core reason for America's surge of anxiety and depression. Time spent with other people has plummeted—for every age group, ethnicity, gender, geography, and income level.
I'm confused. I was reliably told that leaking an old Alito opinion was treasonous destruction of a sacred institution, but now the Court's conservative camp is just plainly describing to reporters the full behind-the-scenes tick-tock of the Dobbs case weeks before the decision.
The most important COVID story right now is the age shift. In Texas: Young adults driving the spike. In Arizona: COVID cases growing 2X faster among ages 20-44 than 65+. In Florida: Median age of new COVID cases fell from 65 in March to 35 this week —>
Jaw-dropping story in the Wall Street Journal. High-income parents in Chicago are transferring legal guardianship of their children to friends so the kids can claim financial aid.
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