Lawrence Summers resigns from teaching at Harvard over ties to Jeffrey Epstein The former U.S. treasury secretary and former Harvard University president’s decision follows a review of documents that showed the nature of his relationship with the disgraced financier.

Breaking news: Larry Summers will resign from his academic and faculty appointments at Harvard at the end of this academic year because of his connections to convicted sex offender Jeffrey Epstein.

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Well, if he’s an economist, he probably just assumed she’s 18

Duke professor Dan Ariely had longstanding friendship with Jeffrey Epstein, newly released files show Ariely is named in 636 of the some 3 million newly released files. He was a prominent professor at Duke over the course of his correspondence with Epstein.

snwrks.co/l6fi90

We Let AI Run Our Office Vending Machine. It Lost Hundreds of Dollars. An AI agent ran a snack operation in the WSJ newsroom. It gave away a free PlayStation, ordered a live fish—and taught us lessons about the future of AI.

This story about an experiment letting an AI run a vending machine in the WSJ newsroom is hilarious. Eager to please, it lost hundreds of dollars, gave away a PlayStation, and ordered a live fish. www.wsj.com/tech/ai/anth...

‘No! Not Larry Summers!’ Wails Devastated Nation WASHINGTON—Responding to recent revelations suggesting the prominent economist was a close associate of the late child sex trafficker Jeffrey Epstein, a devastated nation reportedly joined together to...

‘No! Not Larry Summers!’ Wails Devastated Nation

Something absolutely perfect about Larry Summers riffing about the scourge of woke cancel culture being unfair to predatory men in a friendly email to his pal JEFFREY EPSTEIN.

archive.today/DiLC2

Last exchange from an interview with Cass Sunstein: Professor, thank you so much for doing this. Great, thanks. If we go light on the Kissinger part, I wouldn’t complain, because it could dwarf everything else.

Cass Sunstein gets corn cobbed in The New Yorker by Isaac Chotiner

Freedom *from* fingers

Well, now the CPSC is not doing this. Enjoy your freedom fingers.

You would think someone employed as an economist would have more awareness of the externalities associated with microwaving fish in the workplace, or maybe I am supposed to engage in Coasian bargaining.

Trump’s Tariff Formula Slammed As ‘Fake’ And ‘Incredibly Stupid’ By Experts The approach appears to punish countries based on their trade imbalances with the U.S., rather than the taxes they impose on the U.S. and a combination of other trade barriers Trump claimed the new tariff rates would be based on.

Trump’s Tariff Formula Slammed As ‘Fake’ And ‘Incredibly Stupid’ By Experts

CNBC's Steve Liesman doesn't mince words about the way the White House calculated its tariff rates:

"Nobody ever heard of this formula. Nobody has ever used this formula. So I’m sorry, but the conclusion seems to be the president kind of made this up as he went along... these are off the charts."

Have you met an economist? Can be a similar vibe.

RIP to Donald Shoup, author of The High Cost of Free Parking. Don studied local government, and there were two issues nobody ever wanted to touch: parking and sewage. Don didn’t want to study sewage. So he studied parking. www.cp-dr.com/articles/don...

Too good to be true? New study shows people reject freebies and cheap deals for fear of hidden costs A really good deal can make economic sense. But new research shows people are inherently suspicious if an offer seems overly generous.

Too good to be true? New study shows people reject freebies and cheap deals for fear of hidden costs.

I'm going to form a Department of Eat the Rich (DOER)

The Hustlers Who Make $6,000 a Month by Gaming Citi Bikes The bike-sharing program rewards users who help redistribute bikes around New York City. A few riders have figured out how to turn that into profit.

Don't hate the player, hate the game.

"The Hustlers Who Make $6,000 a Month by Gaming Citi Bikes" www.nytimes.com/2024/09/19/n...

Have economists gone out of fashion in Washington? Once the high priests of policy, economists may now be seeing lower demand. But who's taking their place?

Economists out of fashion? In this economy? www.npr.org/sections/pla...

After years of trying, the U.S. government may finally mandate safer table saws After years of false starts, the Consumer Product Safety Commission looks poised to mandate a blade safety brake on all new table saws sold in the United States.

The power tool industry has delayed safer table saws for 20 years. A CPSC rule would prevent or reduce the severity of almost 50,000 injuries per year. Net annual benefits from $1.28-2.32 billion. It's crazy this clear cut decision has taken so long. www.npr.org/2024/04/02/1...

Fashion design with tariffs in mind Why your Columbia shirt has a tiny pocket near your waistline.

It might be called a "Chapstick pocket" but the real reason for that tiny pocket is tariff avoidance. www.marketplace.org/2019/05/29/t...

Headline: Top Russian Economist Dies After Falling out of Window.

Headline: Full List of Russians to Fall Out of Windows Since Putin Invaded Ukraine.

In Russia, economists are just like everyone else.

Cat roams university campus for 4 years, gets doctoral degree “It’s hilarious that he now has a doctoral degree — but he really deserves it.” said Ali Impomeni, a student at Vermont State University.

When they said the cat got an honorary doctorate in 4 years, I knew it wasn't an economics PhD. wapo.st/3yMTTtb

“Endless Shrimp” a red herring in Red Lobster bankruptcy. www.independent.co.uk/news/worl…

Farewell to Panera’s deadly “Charged Lemonade.” Looking forward to the Harvard Business School case study. wapo.st/3WFo3YX

What is Columbia University, if not professors and students? Turns out it is “among New York City’s top 10 largest private property owners.” Oh. www.nytimes.com/2023/12/10/nyregion/colu...

Giant Batteries Are Transforming the Way the U.S. Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. And the technology is expanding rapidly.

Python eating a duck www.nytimes.com/interactive/...

Every PR flack should be asking how to get the dipshits at NYPD to hold up their completely quotidian products on “Morning Joe.” Publicity gold for Kryptonite.

www.mediaite.com/politics/…

Arguments against student demands for divestment are remarkably similar to the apartheid era, and they are a contradictory mess. “Too complicated!” “Trivial effect!” “We have to maximize returns by investing in war machines and genocide!”

wapo.st/3JLc3xi