US leaders regret allowing China to escape poverty and get on a plausible path to prosperity and they intend not to repeat that mistake anywhere else. US national security requires that the global south stay poor and weak forever www.bloomberg.com/news/article...
lol
Childish Gambino needs to sue
Their lives are precious. How dare these people treat human beings this way
We can’t clean up Washington without restoring integrity to the Supreme Court.
That’s why I believe we should expand the Supreme Court to 13 justices. And then, institute term limits.
Because an appointment to the Supreme Court shouldn’t mean a lifetime lack of accountability.
Great to see extensive NYT & FT coverage of our paper on the fossil-fuel profit bonanza during the previous war-induced oil & gas price spike. Links in Gregor’s thread. 👇
Text excerpt from NYT article linked in second skeet saying: “Most of the profits are flowing to the very affluent Americans, who are not subject to this cost-of-living crisis anyway because they’re so rich. They’re getting richer, and everyone else is dealing with inflation,” said Gregor Semieniuk, associate professor of University of Massachusetts Amherst who led the study. The United Kingdom responded to fossil fuel companies’ bumper year by adding a windfall tax designed to capture some of the excess profits and use the money to ease the burden on households facing higher bills. Semieniuk’s team calculated what would have happened if the U.S. government redistributed the portion of the fossil fuel industry’s 2022 profits that exceeded its 2021 returns. They found that the move would send $1,715 to every American household, which, they argued, could have helped ease the burden of inflation on lower-income households.
![Text excerpt from the FT article in the second skeet saying:
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://help.ft.com/faq/gifting-and-sharing-an-article/what-is-a-gift-article/.
https://www.ft.com/content/43fe2f44-d3ea-45c9-a641-e6f0e68949af?accessToken=zwAAAZy4l4RPkc9D_i9E0-pFydOmQebw5olJrw.MEUCIH4nsXTramXEOh6tWM6n9rrMqI0FnMfHQsz7tU0HufXAAiEAx8x5MmOYujURIqdhdxGDYHysYSEB2eVuSpM9n1iDuhA&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise&shareId=a96149bb-d68a-4bc5-b023-2174a60fd9c5
Research on the oil and gas crisis sparked by Russia’s invasion of Ukraine in 2022 showed that the gains of the boon on energy producers were not equally shared.
The wealthiest 1 per cent of the US population eventually received more than 50 per cent of energy companies’ windfall from that particular surge in prices, according to a paper published in September 2025.
“If anything [the US has] become a more powerful exporter and producer of fossil fuels since 2022. And of course, their oil majors are active globally. So I think [US shareholders] are poised to take advantage even more [now],” said Gregor Semieniuk, a professor at the University of Massachusetts who was one of the authors of the research. “Wealth distributions don’t change overnight.”](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:zzkt72yllokx7rstuph6rlrw/bafkreigrlauo2i24owltmckxgpdt4gyzzwwu6hvotpslz57hqdbodogxba@jpeg)
Text excerpt from the FT article in the second skeet saying: Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://help.ft.com/faq/gifting-and-sharing-an-article/what-is-a-gift-article/. https://www.ft.com/content/43fe2f44-d3ea-45c9-a641-e6f0e68949af?accessToken=zwAAAZy4l4RPkc9D_i9E0-pFydOmQebw5olJrw.MEUCIH4nsXTramXEOh6tWM6n9rrMqI0FnMfHQsz7tU0HufXAAiEAx8x5MmOYujURIqdhdxGDYHysYSEB2eVuSpM9n1iDuhA&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise&shareId=a96149bb-d68a-4bc5-b023-2174a60fd9c5 Research on the oil and gas crisis sparked by Russia’s invasion of Ukraine in 2022 showed that the gains of the boon on energy producers were not equally shared. The wealthiest 1 per cent of the US population eventually received more than 50 per cent of energy companies’ windfall from that particular surge in prices, according to a paper published in September 2025. “If anything [the US has] become a more powerful exporter and producer of fossil fuels since 2022. And of course, their oil majors are active globally. So I think [US shareholders] are poised to take advantage even more [now],” said Gregor Semieniuk, a professor at the University of Massachusetts who was one of the authors of the research. “Wealth distributions don’t change overnight.”
Who stands to profit as energy prices are rising due to the escalating war in the Middle East? NYT and FT quoting our research on the 2022 energy crisis! Spoiler: in the West it's mainly affluent shareholders.
High time to dust off the discussions on excess profit taxes & strategic price controls.
this is not an amount of money any individual or household should be able to have and we have to abolish both billionaires as a group and the economic system that makes them possible
it's 100% true
had a really good chuckle
Both of its users loved it
google+ circles was the only good social media design
5: FT @jamiesmythft.bsky.social says US admin has no plans to utilise the SPR (massive emergency oil reserve that was well used in 2022 Ukraine spike). Baffling - but also,
as story notes, 20% of world supply hard to offset for long
Who is going to look good and bad on energy policy in the next week:
Good
- Japan: nuclear restarts exceedingly well timed, can do more.
- Australia: Leaning hard into batteries to push gas out of the bid stack is going to make things less ugly than 2022.
- Spain / Portugal etc: Same as Aus.
The imperial presidency was a mistake. It has led to destruction of clean air and water, mass death abroad, destruction of cancer research, and now illegal war.
We must re-empower Congress, the most democratic branch, and a strong civil service. We can. But that will require Supreme Court reform.
Every major disaster in this country over my lifetime has been self inflicted by right wing ideologues with just enough complicit or inert Democrats to enable or ratify them. That's why we've been on this doom trajectory for the last ~50 years and it'll keep getting worse if that doesn't change
It is crazy that the framing of this news alert nearly completely validates the Trump Administration's coked-up worldview without pushing back in any way
I initially thought the Boy Scouts banned DEI children lol
But no, they’re banning DEI *programs* and ofc banning transgender kids
Our blogpost was featured in this morning's @heatmap.news AM newsletter alongside news about the LPO's loan to Southern Company.
Thanks @alexckaufman.bsky.social:
New blogpost from the @publicenterprise.bsky.social energy team: The investment tax credit CANNOT derisk new nuclear projects.
We explain why tax credits can't derisk project completion uncertainty and suggest one possible path forward: public nuclear?
publicenterprise.org/the-path-for...
vibe shift on twitter rn
But this isn’t just a regular account. Johnny MAGA appears to actually be a White House staffer named Garrett Wade who works for the Trump administration as a rapid response manager, helping to run the very same White House account his anonymous MAGA account amplifies. A phone number associated with Wade is linked to Johnny MAGA, according to a WIRED review of publicly available records, and the connection was confirmed by a source close to the White House. Wade and the White House did not respond to requests for comment.
The Johnny MAGA account was created in September 2021, according to its X profile. (It originally used a different handle, which referenced Wade’s birth year, according to records reviewed by WIRED.) While the account’s earliest available posts focused on NFTs, it has been a consistent pro-Trump presence since at least 2022. The operator of the Johnny MAGA account has not disclosed an official relationship with the White House while operating the Johnny MAGA X account. Multiple media outlets, including Mother Jones, TownHall, and the New York Post, have all linked out to posts on the Johnny MAGA account seemingly as organic reflections of public sentiment on political issues.
This is very good reporting that sheds light on just how small the extremely pro-Trump online right really is. The online right is totally astroturfed. The White House's own staffers are running meme accounts to make them look more popular than they are. www.wired.com/story/a-whit...
vibe shift on twitter rn
Might be of interest to @robinsonmeyer.bsky.social @volts.wtf @stephenlacey.bsky.social @zeitlin.bsky.social @mariagallucci.bsky.social @cathfraser.bsky.social @evergreenaction.bsky.social @toddntucker.com @jigarshahdc.bsky.social @houseseec.bsky.social
There are some great ideas emerging in the space, like the proposals for the ARC Act and Westinghouse's supply procurement facility. But, contrary to the hype, today's financing landscape can't support new nuclear.
Thanks @cthelala.bsky.social @buddyyakov.bsky.social:
New blogpost from the @publicenterprise.bsky.social energy team: The investment tax credit CANNOT derisk new nuclear projects.
We explain why tax credits can't derisk project completion uncertainty and suggest one possible path forward: public nuclear?
publicenterprise.org/the-path-for...
Sure it’s not popular atm. But this “realism” people deploy which really just sounds like accepting whatever crap gets thrown your way without a sense that the political terrain is malleable (even if difficult to shift) just smacks of:
“Hello I am here to give you an argument for the status quo”
I don’t disagree with the general thrust. But this:
“I am realistic enough to know that the argument for free university education no longer wins political traction”
How does this happen? You accept it and normalise it. There is no law of nature separating higher ed. from primary/secondary ed.
