Ryan Kailath

E.g. Roni Mazumdar (restaurateur behind Semma, Adda, Masalawala) said the favorable rent structure at Essex Market was the “single biggest inflection point” for Dhamaka and unlocked his group’s success in cost-prohibitive Manhattan real estate

I obtained detailed P&Ls and rent schedules for the city markets. They lose a little money, and provide surprising benefits beyond cheap groceries

$SEG up 15% on the closure of its biggest lossmaker

“Rap is super reference-laden, and that’s what I heard there, across New York experiences and New York identities,” @HIMANSHU said. gothamist.com/arts-entertain…

I got to spend some time out in Texas covering the booming defense tech scene for @GQMagazine this year - read it here!

RIP chase sapphire reserve. I had Jamie Dimon sign mine and will now entomb it in plastic

@tonymikel94 @firagawalkwthme

oh ok Now you’re in

@CardiffGarcia and Economist with a long view economist.com/briefing/2025/…

@pkedrosky @Noahpinion @greg_ip Paul: paulkedrosky.com/honey-ai-capex… Noah: noahpinion.blog/p/will-data-ce… Greg: wsj.com/economy/the-ai… Happy reading.

Seeing more stories about the potential future risks posed by the AI boom. (All links at the end) 1) @pkedrosky on AI eating... everything:

“I don’t write like that at all,” said one woman whose signature was forged. “That sucks, whoever did that.” killer investigation from @ClaytonGuse @DavidFBrand @brigidbergin gothamist.com/news/forged-si…

finally put my grocery store on the radio

damn the ezra kle*n kyla scanl*n podcast must blow your mind if you’ve never thought about anything before

@adam_a_carlson Anyone you recommend speaking with?

An additional thought from my caffeine-fueled crank: These stories would majorly benefit from sales/marketing voices — not editors/execs who wishcast their opinions about audience ≈ revenue. (The claim that search readers are "more valuable" is gibberish. Ask an agency!)

Breaking my hibernation out of sheer crankiness: This is a v silly article that understands v little about news publishing (Bustle staffers say they got 300K ~simultaneous~ readers to a single article from Google... srsly?) Call it doom bait ¯\_(ツ)_/¯ nymag.com/intelligencer/…

@rrpre yep

Does anyone in NYC want to join a budding supply chain book club

NEW: Time Again is withdrawing their Open Streets application and won’t have use of the Forsyth lot this year, per owner

or, How That GQ Article Killed Time Again

lmao McKinsey named its internal AI assistant after…the first woman at the company

Congratulations to my colleagues at @WNYC and @Gothamist who were just recognized as finalists for a PULITZER

@aarmlovi @nicolegelinas Oh cool! (and I rebased to Oct-Oct here :) re the shelter component that skews regular CPI so heavily, I need to call a BLS economist, but I suspect you wanna replace just the “rent of primary residence” and “fuel and utilities” segments with RGB changes for that year

@ryankailath @nicolegelinas RGB staff is prepping a weighted real RGB index that takes into account what share of tenants take the 1-year and 2-year in each year (!) And also rebasing the CPI dates to RGB's Oct-Oct guidelines from CPI's Jan-Jan calendar. So I'll have a precise measure before the vote

In NYC meanwhile, there's no nuance In 2021 & 2022 we did the biggest real rent rollbacks in modern history. Regulated rents fell -5% in real terms! Then our -0.5% & -0.8% real rollbacks in 2023 & 2024 were called big rent increases bc of money illusion x.com/nicolegelinas/…

@aarmlovi @nicolegelinas I had to know, so I did it. This swaps in RGB guidelines for the "shelter" component in that year's CPI, at the appropriate weight given by BLS. There's probably an even better way to do it by isolating certain components of shelter, but it's Friday : )

@aarmlovi @nicolegelinas what about stripping shelter out of CPI and replacing it with actual RGB increases that year that might be best approximation of rent regulated tenants’ actual purchasing power changes