Jake Blumgart
@jblumgart.bsky.social
3.5K followers 430 following 1.2K posts
Reporter for the Philadelphia Inquirer https://www.inquirer.com/author/blumgart_jake/
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jblumgart.bsky.social
There's also a new study out that progressive prosecutors will like: "These findings suggest that the types of policies being implemented by reform prosecutors appear to be decreasing the footprint of the criminal justice system without adverse effects on public safety." www.nber.org/papers/w3436...
Prosecutorial Reform and Local Crime Rates
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
jblumgart.bsky.social
"With about one month until the Nov. 4 general election, the district attorney’s race is awfully quiet. There’s been little in the way of advertising and no public events featuring both candidates have been scheduled. Neither candidate has a full-time campaign staff" www.inquirer.com/politics/ele...
The Philly DA’s race is seeing little money and even less noise with one month to go
With about one month left until the Nov. 4 general election, the district attorney’s race between incumbent Larry Krasner and Republican nominee Patrick Dugan is awfully quiet.
www.inquirer.com
jblumgart.bsky.social
Uh-oh: "Debt is already starting to play a more significant role in the AI build-out. This week, it was reported that Elon Musk’s xAI is looking to raise $12.5bn in debt as part of a $20bn capital raise. Last month, Oracle tapped the bond market for $18bn to help finance its data centres."
jblumgart.bsky.social
"When tech bubbles burst, they can leave stock market investors nursing heavy losses without causing wider damage to the economy...It is only when bubbles are fuelled by large amounts of debt that the risks to the financial system become serious." www.ft.com/content/4e39...
How OpenAI put itself at the centre of a $1tn network of deals
The company behind ChatGPT has signed agreements with many of the largest tech groups, adding to a growing web of financial dependencies across the AI world
www.ft.com
Reposted by Jake Blumgart
global-news-2024.bsky.social
🤖 What the graduate unemployment story gets wrong
Key points:
• People with a degree are faring better, not worse, than their non-graduate counterparts,...
#Unemployment #Worse #Story
Source: Financial Times | What are your thoughts?
Reposted by Jake Blumgart
chrislhayes.bsky.social
Who is this Mandani chap I’ve been hearing so much about?
Reposted by Jake Blumgart
jblumgart.bsky.social
As City Council struggles to confront skill games, fake weed, and kratom stores--which are regulated (or not) rom Harrisburg and D.C.--local legislators are increasingly using broad brush tools that effect other small businesses too: www.inquirer.com/real-estate/...
New bill would ban new convenience stores and pharmacies from opening in Kensington
The new zoning restrictions on new pharmacies and convenience stores come in the wake of a curfew bill that sought to crack down on "nuisance businesses."
www.inquirer.com
jblumgart.bsky.social
"At the end of 2024, some 100,000 people were employed in the motion picture industry in Los Angeles County, according to the Bureau of Labor Statistics. Two years earlier, there were 142,000." www.wsj.com/business/med...
L.A.’s Entertainment Economy Is Looking Like a Disaster Movie
Work is evaporating, businesses are closing, longtime residents are leaving, and Los Angeles’s creative middle class is hanging on by a thread.
www.wsj.com