#eduardoporter — Public Fediverse posts

Air conditioners are our best bet in the fight against extreme heat – whether we like it or not
By Eduardo Porter

Global AC demand will inevitably accelerate as the world continues to warm amid the climate crisis

https://www.theguardian.com/environment/2026/sep/06/climate-crisis-air-conditioning-access

#Climatecrisis #Extremeheat #Business #Economics #Environment #TheGuardian #EduardoPorter

The treasury bond mess: is this the demise of the US as a safe haven?
By Eduardo Porter

The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not working

https://www.theguardian.com/business/2026/aug/24/treasury-bonds-trump-administration-debt

#USeconomy #Bonds #USinterestrates #DonaldTrump #FederalReserve #Economics #Trumpadministration #Business #USpolitics #USnews #TheGuardian #EduardoPorter

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending
By Eduardo Porter

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned

https://www.theguardian.com/business/2026/aug/20/us-national-debt-republicans

#USeconomy #DonaldTrump #RonaldReagan #BillClinton #GeorgeHWBush #GeorgeBush #Republicans #Democrats #Economics #Business #USpolitics #USnews #TheGuardian #EduardoPorter

Is the US actually too chicken to take on China for trade?
By Eduardo Porter

A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports

https://www.theguardian.com/us-news/2026/aug/19/china-trump-trade-weak-yuan

#Trumpadministration #Chineseeconomy #USeconomy #Yuan #WorldTradeOrganization #Business #Economics #Trumptariffs #Tariffs #DonaldTrump #USpolitics #USnews #China #AsiaPacific #Globaleconomy #Worldnews #TheGuardian #EduardoPorter

Donald Trump doesn’t just love billionaires, he loves multimillionaires too
By Eduardo Porter

US tax policy deprives the government of revenue and overwhelmingly serves the interests of the rich

https://www.theguardian.com/business/2026/aug/15/trump-big-beautiful-bill-millionaires

#USeconomy #Trumpadministration #DonaldTrump #Thesuperrich #Taxavoidance #Taxandspending #USincomeinequality #Economics #Business #USpolitics #USnews #TheGuardian #EduardoPorter

Trump Fed chair’s inflation strategy: leave it to the market | Eduardo Porter
By Eduardo Porter

Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic steward

https://www.theguardian.com/business/2026/aug/04/trump-fed-kevin-warsh

#FederalReserve #USeconomy #Business #Economics #USnews #TheGuardian #EduardoPorter

Trump is determined to pursue his trade war – and he may be difficult to stop
By Eduardo Porter

The president’s minions have trawled the statutes to restore roadblocks to trade. The invocation of Smoot-Hawley looks especially dangerous

https://www.theguardian.com/us-news/2026/aug/02/trump-tariffs-weapon

#Trumptariffs #USnews #Tariffs #Worldnews #Business #DonaldTrump #TheGuardian #EduardoPorter

#TheGuardian: "The #AI #jobs apocalypse probably isn’t coming anytime soon" by #EduardoPorter

"Spending on #datacenters is going through the roof, for sure, but ... #labor #productivity was, in fact, slower in the first three years of our AI era than during the #informationTechnology boom that began in the mid 1990s."

"The grand, epochal promise may be in trouble. Maybe artificial intelligence can’t deliver at a price society is willing to pay."

https://www.theguardian.com/technology/2026/jul/25/ai-jobs-apocalypse-human-labor

The AI jobs apocalypse probably isn’t coming anytime soon
By Eduardo Porter

Artificial intelligence may not deliver on its promise of vast economic opportunity at a price that humanity is willing to pay

https://www.theguardian.com/technology/2026/jul/25/ai-jobs-apocalypse-human-labor

#AIartificialintelligence #Technology #Anthropic #OpenAI #ElonMusk #Business #Society #USworkcareers #TheGuardian #EduardoPorter

If Trump really cares about forced labor, he should look at the US – rather than slap more tariffs on the world
By Eduardo Porter

Forced labor is a problem, especially in the US, where prisoners are coerced to work for pennies – or nothing at all

https://www.theguardian.com/us-news/2026/jul/24/trump-tariffs-forced-labor-us-prisons

#Trumptariffs #Forcedlabour #DonaldTrump #Trumpadministration #USprisons #Tariffs #LawUS #Law #USpolitics #USnews #AsiaPacific #Europe #Worldnews #TheGuardian #EduardoPorter

Trump has normalized crypto. Is it the path to the next financial collapse? | Eduardo Porter
By Eduardo Porter

Cheerleading by the president, who made $1.2bn last year off uninsured currency, does not bode well for US economy

https://www.theguardian.com/business/2026/jul/18/trump-crypto-us-economy

#USeconomy #DonaldTrump #Cryptocurrencies #Business #Economics #USnews #Technology #TheGuardian #EduardoPorter

Trump’s policy mayhem is making even the Maga faithful consider walking away
By Eduardo Porter

Even voters who identify as foot soldiers of his political army are increasingly willing to blame Trump for their economic troubles

https://www.theguardian.com/business/2026/jul/08/trump-maga-faithful-economy

#USeconomy #DonaldTrump #Business #USnews #Economics #EduardoPorter

Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’
By Eduardo Porter

A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch

https://www.theguardian.com/business/2026/jul/01/trump-voters-housing-affordability-bill

#USeconomy #Business #Economics #DonaldTrump #USnews #USpolitics #Housingmarket #Realestate #EduardoPorter

#Economics #UShistory

"#US income inequality

Analysis

👉Condemned to plutocracy? The relentless rise of US inequality👈

(1/n)

Via #EduardoPorter / @TheGuardian

#ElonMusk is a beneficiary of #America’s lopsided prosperity – does the country have any appetite for redistribution?"

"#BenjaminFranklin liked to talk of #America’s “happy mediocrity” – a country with “few … so miserable as the poor of Europe … few that in Europe would be called rich”.1) And yet,...

https://www.theguardian.com/us-news/2026/jun/21/us-inequality-plutocracy

#EduardoPorter in #TheGuardian :
"After #SpaceX’s huge #IPO, Americans’ financial future will be bound to #AI"

Explaining how financial regulation of #pension plans mean that it is likely that those will be even more massively dependent on the prosperity of AI-bubble related industries, with tech companies already a third of valuation.

Too colossal to be [allowed to] "fail".

https://www.theguardian.com/business/2026/jun/12/ai-ipos-stock-market