Matt Pennacchio retweetledi
Matt Pennacchio
1.7K posts

Matt Pennacchio
@MPenn1214
dad. comms. marist college. yankees. This is my Twitter account. There are many like it, but this one is mine. That's me and a duck.
New York, NY Katılım Aralık 2008
4.3K Takip Edilen546 Takipçiler
Matt Pennacchio retweetledi

The Archbishop’s New York Welcome by Ronald Hicks wsj.com/opinion/the-ar… via @WSJopinion
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Matt Pennacchio retweetledi

Here’s what I think will happen in NYC under Mahdami.
The free buses and government grocery stores won’t happen, they never do. They sound good during campaigns, but collapse under basic math. You can’t run a city on ideas that cost billions and produce no revenue.
The only way to make housing affordable is to build more housing. The free market lowers prices, not regulation. Every time politicians try to control rent or force affordability by decree, developers stop building and landlords stop maintaining. Supply dries up, the quality collapses, and the few properties that remain skyrocket in price.
Once landlords can’t make a profit, they sell, lose properties, or walk away. Eventually, the government takes over.
Taxes will rise to pay for the promises, and the middle class will be the ones shouldering the burden. The rich will relocate, the poor will depend on subsidies, and the productive class will be squeezed from both sides.
Thriving businesses are the foundation of any thriving city. When they leave, everything else follows, jobs, schools, grocery stores, stability. Chicago already proved this. Boeing, McDonald’s, Caterpillar, Citadel, nearly 70k jobs, all gone. Now they’re facing billion-dollar deficits, half empty schools and neighborhoods without grocery stores.
I saw someone who lived in a rent-controlled apartment in California put it perfectly, he said his landlord could no longer afford maintenance so the pool was filled with dirt, the floors had soft spots, and the foundation ended up cracking. That’s what overregulation does, it destroys quality.
People who voted for this will eventually feel the pain but they won’t blame the policies or the politicians, they’ll blame the rich for leaving.
This conversation is always difficult because most people simply don’t understand market dynamics or incentives. In a free society, people act in their own self-interest. If you remove profit and reward dependency, productivity dies and the city with it.
If you think things are expensive now, just wait until they’re “free.”
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welcome! as our hazing ritual, to all my friendly PRs, please inundate Carlos's email with pitches. it's carlos.garcia@fortune.com!
Carlos Garcia@car_gar_fortu
i just started as a crypto reporting fellow at fortune. excited to work alongside @jeffjohnroberts @leomschwartz @bdanweiss
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@SPIN An amzing substack like this already exists - newbandsforoldheads.com
TikTok: @meandtimory" target="_blank" rel="nofollow noopener">tiktok.com/@meandtimory
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The comedian chats with us about how his Substack newsletter helps time-restricted music fans seek out new artists
spin.com/2025/10/christ…
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@martyswant Have experts/contributors to NO FAKES Act that can speak on the latest iterations of AI policy, likeness protection
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Matt Pennacchio retweetledi
Matt Pennacchio retweetledi

It's very, very rare, but every now and then, a startup launch is so squarely in the middle of the cultural zeitgeist and their timing is *literally perfect,* that they can launch and announce a tiny seed funding round in a huge tier-one @nytimes feature.
nytimes.com/2025/05/21/bus…
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Matt Pennacchio retweetledi

Habemus Papam!
White smoke has risen above the Sistine Chapel, signaling to the world that the cardinal-electors have chosen a new pope. In just a few short moments, the name of the next successor of St. Peter will be announced, and a new chapter in the life of the Church will begin.
Behind this moment is a sacred process: days of prayer and discernment, centuries-old traditions, and the solemn oaths of secrecy that preserve the integrity of the conclave. As Knights of Columbus, we stand in prayerful solidarity with the universal Church, giving thanks for the guidance of the Holy Spirit.
Let us now unite in hope and prayer for the man who has accepted this profound call—to shepherd over a billion Catholics and serve as Christ’s visible representative on earth.

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Today is my last day at Fortune. After 14 years in newsrooms I’m branching out on my own. Thanks to my editor @jeffjohnroberts and the rest the @FortuneMagazine team for giving me the chance to expand my beat into new territories! Sneak peek: medialuna.io Stay tuned!

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Matt Pennacchio retweetledi

Watch as we recognize the accomplishments of members of the NYPD at today's promotion ceremony. x.com/i/broadcasts/1…
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Matt Pennacchio retweetledi

@cecianasta Trajan built the first mall/office park.
Domitian restored Circus Maximus!
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Someone recently asked me how Roman emperors used to buy public goodwill. An incomplete list:
- Augustus built public libraries and temples
- Vespasian built the Colosseum
- Domitian restored public buildings
- Trajan built public baths, a market and aqueducts
- Hadrian built temples
- Caracalla built public baths
- Diocletian built public baths
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