🚨 NEW from @Groundwork: Despite what you may have been told, we can't deregulate our way to housing affordability. The housing debate is badly missing the most critical piece: finance.
From @MikeFellman and J.W. Mason 🧵
🏠 Staying as close to home as possible
🪪Borrowing Costco memberships
🚗Ditching cars completely
Working families across the country are changing their routines in the face of soaring energy prices. Trump didn’t lower prices on Day 1 - he’s made life nearly unaffordable.
Hot take: The housing crisis is a finance crisis.
Developers don't just need permission to build — they need the math to work. And right now, it only works when rents keep rising.
Our JW Mason & @MikeFellman’s new report explores how we can make stable, lower-rent housing
Extraordinary work from one of the smartest fiscal policy minds out there.
NYC faces a $5.4B budget gap — not because of overspending, but because the previous admin deliberately undercounted $12B in spending obligations.
@NYCMayor inherited this mess. Now Albany has to choose how to solve it.
Our new brief shows the solution is straightforward 👇
Grocery stores like Walmart and Kroger are breaking into a new business: selling your data.
And they’re using loyalty programs to help them do it.
@owenslindsay1 at @sxsw on how companies are using your data to gouge their prices and rip you off.
NYC has continued to grow, but because the city largely doesn't control its own taxing authority, revenue has fallen as a share of GDP over the last two decades. NYC is overdue for raising revenue.
To put NYC on sound fiscal footing and lay the groundwork for his affordability agenda, the governor and the speaker must listen to voters and raise taxes on the rich. Read the full brief HERE:
🚨 NEW from me: @NYCMayor inherited a historic budget gap from Eric Adams. He has three options to close it: drastically cut vital services New Yorkers rely on, raise property taxes on working families, or ask millionaires to pay a little bit more.
Here's what you need to know:
The share of unemployed Americans who are new workforce entrants just hit a 37-year high.
Higher than any point during the Great Recession.
This isn't a Gen Z attitude problem. It's a structural collapse.
Oil prices are skyrocketing. And you won’t just feel it at the gas pump.
Trump’s war in Iran = higher prices for American families.
These "oil and gas are in everything" graphics are about to get very real super quick for a lot of people.
⛽Gas is up over $1 in a month
✖️Tax refunds almost entirely wiped out by fuel costs
💳Credit cards are maxed
💸 Savings are gone
🛒People are relying on "buy now, pay later" for groceries
@AlexSJacquez to @AP: "The energy shock is going to hit those who have the least cushion."
Read it first from @Groundwork, next in the @nytimes
🚨Happening TODAY at 1 PM🚨
NYC is announcing $1.8M+ in settlements for workers after major labor violations by fast food + retail franchises who forced workers into “clopening” shifts without proper pay.
Tune in live →
You wouldn’t pay a different price than the person standing next to you at a cash register.
But online? Companies are quietly charging you based on your personal data — and you'd never know.
Our Instacart investigation was just one example of many. "We were all sort of
