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🇺🇸 🇨🇳 **US to slash tariff on small China parcels from 120% to 54%**

“_Cut in low-value ‘de minimis’ tariff marks further de-escalation of trade war and will benefit Shein and Temu_”

🔗 theguardian.com/us-news/2025/m.

@economics

“_The April inflation reading gives Federal Reserve officials little reason to change their wait-and-see stance, because officials are bracing for cost increases or distortions as tariffs take their full effect._”

Gift Articles  
Monthly Inflation Ticked Up in Early Hints of Tariff Effects https://www.wsj.com/economy/trade/cpi-inflation-april-2025-interest-rate-8febd2d2?st=p...

Slaveholders in the United States frequently claimed that Blacks were 'happy' to be slaves and could, in no way, function as free people as they would find freedom 'burdensome' – a claim fully articulated by slavery apologist T. R. Dew's A Review of the Debate in the Virginia Legislature of 1831 and 1832. #History #Slavery #USHistory #HistoryFact whe.to/ci/2-2720-en/

💻 **Chegg to lay off 22% of workforce as AI tools shake up edtech industry**

“_Chegg (CHGG.N), said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline its operations as students increasingly turn to AI-powered tools such as ChatGPT over traditional edtech platforms._”

🔗 reuters.com/world/americas/che.

@ai

📖 **The Measure of Progress: Counting What Really Matters**

“_Coyle argues that to understand the current economy, we need different data collected in a different framework of categories and definitions, and she offers some suggestions about what this would entail_”

🔗 press.princeton.edu/books/hard.

@bookstodon @economics @finance

I see that Trump has utterly capitulated on his China tariffs. Perhaps this pattern has something to do with it.

Trump talks tough, but China has all the cards.

economicsfromthetopdown.com/20

The data centers are coming. In super, secret secret. Under no circumstances can the community be let know how much water and energy will be used.

"Residents in and around Bessemer are furious over Project Marvel, a plan to build a 4.5-million-square-foot data processing facility on 700 acres of wooded land. Public officials have been sworn to silence."

insideclimatenews.org/news/110

Most #AI spending (64%) driven by FOMO, not ROI, CEOs tell IBM:

Only ~25% of AI initiatives have delivered the expected return on investment, according to an IBM survey of 2,000 CEOs.
#econsky #finsky newsroom.ibm.com/2025-05-06-ib

As tensions between #India and #Pakistan embroil their agreement to share the Indus River, this might be a good time to remind everyone that half the land area of the Earth is in an internationally-shared river basin.
The US shares 20 river basins with Canada; 4 with Mexico.
The Nile is shared by 11 countries.
And violence over #water is growing.

pacinst.org/wp-content/uploads

@thetnholler.bsky.social An increase in the rate of inflation follows an imposition of tariffs just as the night follows the day.

After decades of solar PV deployment, the world crossed the 1 TW (a million MW) line in 2022. Just two years later, after adding 0.6 TW in 2024, we already crossed the 2 TW mark too!
#SolarPV #solarenergy #renewables

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