If I knew that, I'd be a tech billionaire inventing them.

The best part of innovations is that they are NOT obvious, but once they are in the world, you can't do without.

Socialism with American Characteristics

Iowa's rolling farm fields of coffee

Quite so. It's been how many years since something really new came out of Cupertino? Granted, Apple is more profitable than ever, but the company clearly shows what the result of placing a supply-chain expert as the CEO does.

The really sad part is that there's nobody ELSE, either. Microsoft hasn't invented anything ever, Facebook and Google are busy selling our personal data to advertisers, and who else is there who can risk a billion on an innovation that may or may not work out?

Indeed, I fully agree. The funny thing is, monthly numbers would help us move away from the distortions of the quarterly cycle. If key data reporting becomes frequent enough, you can't get into a cycle of "do adverse-numbers stuff early in the quarter and then cram positive-numbers stuff into the end of the quarter". You have to - *gasp* - just run your business normally.

Some businesses could still manage to switch to a monthly cycle, but anyone who deals significantly in transoceanic feedstocks/parts/goods shipments won't be able to.

BLS numbers aren't some sort of dark art. They're literally just the compiled numbers reported by companies. Numbers are what they are. To fight against jobs numbers is to fight against reality.

People get confused by the existence of revisions. The problem is that not all data gets reported in a timely manner. When late data comes in, it causes revisions to the earlier reported numbers, either up or down.

Firing the head of the BLS because you don't like what numbers US companies reported is just insane Banana Republic-level nonsense.

That's wrong. I stopped using wrist watches 25 years ago and haven't looked back a single day. I don't want shit on my wrist. Try living without for a year and you'll realize why. It's hard to express in words. It's like having a chain removed.

Headphones, on the other hand, I use occasionally. For phone calls or for music on the train, plane, etc. - and especially for the plane if the noise cancellation comes close to my current over-the-ear Bose I'd take them on the two-day business trips where I travel with hand luggage only and space is a premium.

Do I want a heartbeat sensor? No idea. I don't care. But if there's any use for it than at least for me that's not a replication. I'm pretty sure many, many Apple users don't have a smart watch.

Yes, he fired the same person who was ultimately responsible for putting out crap numbers.

US reporting has always been the gold standard. Nobody has accused the BLS of "crap numbers" until Trump decided he didn't like them. It's is so way outside the norms it doesn't even resemble something that could conceivably happen in the US; this is banana republic-level stuff.

Yeah, as an investor, my reaction to this proposal was, oh HELL no.

TL / DR:

BLS chief: "Jobs are turning bad now."

Trump: "Fake news, you're fired. I'm appointing a January 6th rioter conspiracy theorist to head the BLS!"

BLS today: "Jobs were ALREADY bad!"

The fact that you take at face value a revision of Biden-era job numbers, immediately after Trump fired and replaced the BLS chief explicitly because he published jobs numbers Trump didn't like, is....

Well, it's certainly a choice.

I was thinking the same thing. What sort of an idiot will take US jobs numbers at face value right after Trump fired the Bureau of Labor Statistics chief after he reported numbers that Trump didn't like?

So he claims that social media - the platform where everyone pretends to be more happy, more active, better looking, more interesting, more travelled, etc, etc, etc, etc, etc, - feels "fake" ?

Man.

Next he's going to say that artificial sweeteners taste might not be natural.

Seriously, though, social media has been the domain of bots for at least a decade. Even people who actually write their posts themselves use bots to cross-post to all the different platforms and at "optimal" times. Nothing on social media is not fake. Well, maybe your grandmother's photo album because she doesn't know Photoshop exists.

Do you want to bet on the percentage of Fortune 500 companies that use amateur-level procedures for their prod systems?

"Above 50%" seems like a guaranteed win to me.
"Above 75%" is where I start to think "maybe not that high". But I fear I'm giving them too much credit.

It is impossible to do now that half of what we have always considered clear indicators of a scam or phishing attempt are actually being done by actual companies.