RE: flipboard.com/@nbcnewyork/poli…

U̶.S̶. e̶c̶o̶n̶o̶m̶y̶ capitalists l̶o̶s̶t̶ destroy 23,000 jobs in July, a̶ s̶u̶d̶d̶e̶n̶ r̶e̶v̶e̶r̶s̶a̶l̶ f̶o̶r̶ t̶h̶e̶ l̶a̶b̶o̶r̶ m̶a̶r̶k̶e̶t̶ to cover for their bad investments in anti-labor and #classWar tech

#ftfy #economics #USpol

U.S. economy lost 23,000 jobs in July, a sudden reversal for the labor market

The U.S. economy shed 23,000 jobs in July, a sign that the labor market had not stabilized after four months of positive growth.

^{nbcnewyork.com - Steve Kopack | NBC News}

RE: mastodon.green/@alberto_cottic…

Very interesting insight from Gabriel Zucman: there is now an international movement for taxing wealth, and important initiatives are afoot. The most important of all is prop 40, California's proposed one-time five per cent tax wealth. It is projected to yield 100 billion dollars! That's as much as one year of income produced in California.

I knew the various law proposals etc., but I was not seeing the big picture.

#economics #wealthTax

“If you destroy nature, you destroy the core on which our economies depend. And that got people’s attention. This is not some kind of a flower-power, tree-hugging exercise. This is core economics. This is core financial stability, core price stability.”

Frank Elderson, a member of the European Central Bank’s executive board

#ClimateBreakdown
#EcosystemCollapse
#Economics

theguardian.com/business/2026/…

ECB official warns climate crisis poses growing threat to ‘core financial stability’

Exclusive: As wildfires rage across Europe, Frank Elderson tells the Guardian nature loss poses a growing risk to the global economy

^{Richard Partington (The Guardian)}

Excellent!

riftlymedia.com/zipper-mechani…

I swear, every city needs a medina, a cheap mixed-use neighborhood where people can open tiny 2m × 2m shops that specialize in fixing zippers. Or sharpening kitchen knives. Or replacing shoe heels. You can get those services now, of course, but only at ruinous cost, because every shop has to pay thousands of dollars a month in rent on a high street. More tiny kiosks on narrow streets, sez I.

#economics #urbanism #cities #repairability

The Precise Mechanics Behind Why Zippers Fail and What That Reveals About Everyday Product Engineering -

Most zipper failures are a worn slider — a £1 part. You throw away the jacket because nobody told you. The tolerance decision was made in a spreadsheet.

^{Riftly (riftlymedia.com)}