“There is widespread concern that AI will lead to mass unemployment in the years ahead. As I and others have pointed out, we have yet to see any evidence of this in the data on job growth or productivity. But maybe we just have to wait a bit longer. But the idea that AI will eliminate all the jobs ignores the ways that creative entrepreneurs can develop new industries that require hundreds of thousands, or even millions of employees. These new industries may contribute nothing to well-being, but they create jobs. The best example of this sort of waste is the financial industry.” (05/14/26)
“The number of Americans filing claims for unemployment benefits increased moderately last week, pointing to a stable labor market even as rising energy prices from the war with Iran drive up inflation. Initial claims for state unemployment benefits rose 12,000 to a seasonally adjusted 211,000 for the week ended May 9, the Labor Department said on Thursday. Economists polled by Reuters had forecast 205,000 claims for the latest week. … The government reported on Wednesday that producer prices recorded their biggest increase in four years in April. There are concerns that shortages and rising inflation could cause layoffs in some industries.” (05/13/26)
“Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.” (05/14/26)
“A federal judge has temporarily blocked United States sanctions against Francesca Albanese, a United Nations expert on the occupied Palestinian territory. UN Human Rights Council Special Rapporteur Francesca Albanese was sanctioned in July 2025 after she publicly criticised Washington’s policy on Israel’s genocidal war against Palestinians in Gaza. Albanese’s husband and daughter filed a lawsuit in February against the Trump administration over the sanctions. It argued that the sanctions were an effort to punish Albanese for bringing attention to Israel’s rights abuses against Palestinians. In his court order on Wednesday, US District Judge Richard Leon granted a preliminary injunction against the sanctions. He found that the Trump administration sought to regulate her speech because of the ‘idea or message expressed.'” (05/14/26)
“On the surface, an international cruise ship experiencing serious illnesses and deaths during a voyage would seem destined to become an immediate global news story. But that did not happen. Only weeks later, on May 1, the story suddenly received intense international coverage. Within a short time, headlines around the world warned of a ‘plague ship’ at sea, passengers from 23 countries under monitoring, quarantine measures, and fears of human-to-human transmission. After the Covid years, and the way the crisis unfolded in early 2020, the sense of déjà vu was almost unavoidable. … This time, the timing is particularly striking. On May 1, three days before the MV Hondius story received widespread international media attention, the World Health Organization announced yet another one-year delay in negotiations over the PABS annex of the Pandemic Agreement.” (05/14/26)
