A story about coffee prices increasing so fast they’re being removed from the CPI calculation… which was entirely false… may very well still leave the impression that inflation is higher than is being measured…. and that belief could then be tapped into by corporate CEOs to justify further additiona…

Tie customers to a massive anchor, follow it with a tiny flotation device, and call yourself a hero. CALLING CARD It’s always amusing to see what happens when a coalition of big banks and their associates tries to pose as Friends of the Common Man. So it’s definitely worth scoffing when the headline…

After claiming to take responsibility for working conditions at their contractors, Google was then forced to actually take responsibility for working conditions at their contractors… so they decided to stop taking responsibility for working conditions at their contractors. LESSER EVIL Back in the da…

If you’re opposed to a rational, thoughtful, popular policy, you think you’d at least have the wisdom to be quiet about it. FEATHER IN THEIR CAP When the Consumer Financial Protection Bureau announced a strict $8 cap on credit card late fees, which will save consumers $10 billion a year, the big ban…

How much longer will it take until reporters get around to adjusting their assumptions, recognizing that middle-out economic policies are creating growth, and acting less surprised about the good news that keeps on coming? Or, more to the point: how on earth is something still a surprise when it’s b…

Things that are technically possible don’t simply happen because they would be nice — power is central in determining how technology is deployed. ARTIFICIAL IRRELEVANCE Everyone has something to say about AI lately, and very often these hot takes reveal less about how we can address the latest techn…