Co-chair of Arnold Ventures. Reality is more nuanced than the headline.
Houston
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The 37 members of Congress who voted against the ROAD to Housing Act don't get to run on an affordability agenda in midterms because that's obviously not your priority.
Likewise, members running on affordability don’t get to vote against energy permitting reform. You just don't.
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A high school diploma should certify that a student has acquired the core knowledge and soft skills needed for employment, further education, or military service. But graduation standards in many states have been weakened such that a diploma no longer reliably signals anything.
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"Shielding students from high standards signals to students that you don’t have to do the work to still graduate. That message is particularly dangerous: Why try if it isn’t going to matter? The result: more students unprepared for what comes next."
the74million.org/article/lie…
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Take “credit-recovery” programs, which offer a way for students who are failing a course to catch up without having to repeat a whole semester. If done well, these programs make sense. Too often, however, absentee students “recover” by taking a low-effort, high-pass online program. In effect, all they learn is that adults will let them off the hook, so they can stay on track to graduate.
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Whether they have a diploma or not, young people who cannot understand written directions or perform basic math are entering the workforce without the skills they will need. The same is true of soft skills. Showing up consistently, meeting deadlines and accepting responsibility for failure: These are requirements of adulthood. And there are no credit recovery programs for those who lack them.
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Shielding students from high standards is not compassionate; it simply delays the consequences. It also signals to students that you don’t have to do the work to still graduate. That message is particularly dangerous: Why try if it isn’t going to matter? The result: more students unprepared for what comes next.
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I wrote an op-ed.
States are boosting high school graduation rates by lowering the standards required to earn a diploma, with serious unintended consequences. Credentials only have value if they signify real knowledge and skills.
the74million.org/article/lie…
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530A accounts ("Trump Accounts") are a great solution for many ultra-wealthy Americans who are philanthropically inclined, do not want a foundation staff, do want to give while living, and haven't been inspired by existing nonprofits. It's an American version of “GiveDirectly."
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If the unrest in France is a reflection that aging populations and tightening fiscal constraints make it increasingly difficult for Western governments to meet their promises to and expectations of their citizens, then France is just the beginning.
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Senate debates are unwatchable. Answer to every Q is the same:
GOP: My radical, socialist opponent voted for open borders, boys playing girls sports and Green New Deal
Democrat: My MAGA, extremist opponent voted to slash your healthcare, raise tariffs on groceries and Iran War.
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"The logic, he said, is: 'I believe so much in AI that it's going to cure cancer. So I'm showing you my chips are all in.'"
businessinsider.com/ai-resea…
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John Arnold retweeted
Someone should do an alt history of modern America where there's no shale boom
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All hell is going to break loose in Iran on November 4th.
The lack of action from the US in response to the situation in Hormuz is remarkable. Dozens of ship attacks, a ship sinking, and still no change in the US posture.
Trump continues to promise action, but only after the US mid-terms. Until then, Iran (seemingly) has carte blanche.
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When even the guy who once worked at Enron says WTF...
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…
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Preliminary evidence suggests GLP-1 drugs may reduce cravings for addictive substances, but stronger evidence is needed to support broader access.
We @Arnold_Ventures are proud to fund the most rigorous study ever of effect of GLP-1s on alcohol/opioid use and downstream impacts.
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"If GLP-1s show positive health and downstream impacts as well as fiscal savings and economic benefits, then adoption by cities around the world becomes feasible. We’ve designed this trial to build comprehensive evidence that can lead to a population level impact." - @nreville
eurekalert.org/news-releases…
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I'm increasingly partial to the argument that increases in the fed funds rate will do little to lower inflation, and may be counterproductive.
- AI investment is unlikely to slow because interest rates are slightly higher
- Energy is highly inelastic and rate changes can't alleviate the current supply shock
- Higher rates hurt supply-side solutions in housing, energy, autos, and other capital intensive industries
- Higher borrowing costs raise business operating expenses, some of which is passed along to consumers
- A large percentage of debt is fixed-rate, dampening the feedback loop but hurting new homeowners, small businesses, and investment
- An economy increasingly dominated by services is less sensitive to rate changes
- This century has repeatedly demonstrated how blunt interest rate policy can be, both in stimulating inflation when it's low and suppressing it when it's high
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