Louise Sheiner

@RohdeAli @DakotahBlueRice @emergencecap @Harper_Insure Fascinating!

"Don't call us an AI company." @DakotahBlueRice just raised $47M led by @emergencecap for @Harper_Insure. Largest publicly disclosed Series A by a Black founder, ever. Not selling AI into insurance. Becoming the brokerage.

I have the sense that most economists are not aware that NSF funding of economics may be about to disappear.

Last week, @AnthropicAI said its new model Mythos had already found “thousands of high-severity vulnerabilities” and could “surpass all but the most skilled humans at finding and exploiting software vulnerabilities.” At almost the same moment, the Axios hack showed how exposed the open-source foundation under modern software still is. For this week’s 10 Minutes or Less, I spoke with @feross what this moment means. WATCH:

@patrickc @nicholas_bagley What would that say about the effects of day care?

There is a hypothesis that birth order effects (on things like income and educational attainment) are in part respiratory pathogen effects: younger kids get more of them from their older siblings. This cool recent paper uses Danish administrative data to argue that this is true and a pretty large part of the story. (They claim 70% of the birth order effect on long-run wages.) Other work has previously shown that severe infections matter for long-run outcomes, and it's well-established that birth order matters, but I haven't until now seen anyone convincingly show that standard respiratory pathogens impose long-term costs on infant siblings. nber.org/system/files/w…

@RohdeAli This is awesome Ali!

@christogrozev I don't want to get in the habit of being rude.

The comments are so intriguing that I need to ask a follow-up question among those who answered yes. Why?

Do you usually say "please" when you issue instructions to @ChatGPTapp ?

@marthagimbel @danybahar @NatashaRSarin @dannyyagan @The_Budget_Lab Congrats!

So excited to announce that @natasharsarin and @dannyyagan and I are launching @the_budget_lab at Yale Law School. Budget scoring is an incredibly important part of the policy process and our hope is to bring a new perspective, with a focus on innovation and transparency. 1/

lz uri

Cutting spending on infrastructure to fix the budget is the tyranny of senseless accounting over economics, especially in the UK where lagging regions badly need more of it.

@matt_barnum And I also heard that it was hard to get the things they wanted--new ventilation systems and buses, for example, because everybody was trying to buy that stuff all at once.

@matt_barnum I have heard stories about some states using their stimulus $ for long-run projects rather than going to capital markets for example. And I have heard the story about not using one-time money for lasting expenditures over and over.

Can anyone explain this extremely odd finding? Remember state and local governments (and schools!) are flush with federal relief cash. taxpolicycenter.org/taxvox/state-a…

@JustinWolfers Maybe--but at least of as last summer, we thought increased LFP was composition issue due to Long Covid, rather than increase in hiring of those with other disabilities. Also expecting remote work to play a factor eventually. See brookings.edu/wp-content/upl…

This is why I revere hot labor markets: It forces employers to look at little harder at those they might otherwise ignore, bringing those who are often at the margins back into the fold.

It's a good solid straight down the middle, this little engine just keeps on chugging along payrolls report. Payrolls grew +209k, a bit below expectations, but well above "normal" rates. Unemployment is at 3.6%, a tick above its recent fifty-year low.

@zipjet @Dreesenkl i

@Dreesenkl @davidfrum From the biotech side there have been and continue to be good boards. But there seems to be a migration to Twitter and that has not, as far as I can tell, reversed under Musk despite the grouching.

A thought on my personal post-Twitter plans. I've weighed alternatives like Post and S*bstack Notes. I'm open to the new product soon expected from Meta. But my own expectation is that there will be no Twitter successor. The network effect will be lost. Twitter itself ...

We are pleased to announce the next Brookings president, Cecilia Rouse! Dr. Rouse joins us from Princeton University and previously served in the White House as the Chair of the Council of Economic Advisers. We look forward to welcoming her in January. brookings.edu/news/brookings…

ICYMI Here's #ASSA2023 video of our #RecessionRemedies panel on lessons learned from the fiscal policy responses to the pandemic starring @WendyEdelberg @jasonfurman @lsheiner @gchodorowreich @pascaljnoel aeaweb.org/webcasts/2023/… @BrookingsInst Hutchins Center & @hamiltonproj

@p_ganong @HarrisPolicy Congrats Pete! So well deserved.

Grateful to mentors and friends who came together today to celebrate some news: I got tenure @HarrisPolicy! Now it's time to pay it forward.

One of the hardest parts of raising your first round of funding is knowing who to pitch. To make the process easier for founders just starting out, @kanjun and I put together a list of 18 funds that seem to consistently invest at the very earliest stage. outset.motif.land/data/posts/pre…

Check out more from #RecessionRemedies & big shoutout to the editors @WendyEdelberg @lsheiner @davidmwessel Key takeaway: A strong, broad, and inclusive social insurance system provides effective relief to households as well as macroeconomic stimulus twitter.com/BrookingsEcon/…