Around the Traps 13/11/26

 It is time again for Around the Traps.

Aussie,Aussie,Aussie,Oy,Oy,Oy

• Johanna Lim and Olivia Shen on us-voters-lashed-out-at-data-centres-what-does-that-mean-for-australias-ai-ambitions
• Euan Ritchie on calling-species-invasive-and-culling-them-isnt-done-lightly-but-it-matters-to-australias-threatened-species
• Mark the Graph on there-is-no-painless-way-to-fight-inflation , why-i-lean-new-keynesian
• Peter Breadon and Thomas Shortridge on australians-are-paying-extreme-specialist-fees-heres-how-the-government-can-rein-in-costs
• Jason Lodge on ai-use-is-now-universal-in-higher-education-why-are-universities-failing-to-adapt
• Raymond Evans on a-new-book-sheds-light-on-the-camps-of-colonial-australias-most-ruthless-killing-machine
• Saul Eslake on what-would-tip-australian-economy-into-recession
• Jak Kakhkharov on inflation-is-proving-more-stubborn-in-australia-than-elsewhere-making-the-rbas-job-harder
• William Partlett on safe-seats-shortchanged-why-rural-australia-bears-the-brunt-of-pork-barrelling
• Christian Nygaard on new-home-loans-dropped-by-a-record-15%-as-australias-housing-market-downturn-deepens
• Robert Manne on to-tackle-the-dreadful-rise-in-antisemitism-we-must-speak-the-truth-about-israels-war-crimes

OZ climate

• big-data-on-the-ballot-australias-download-from-the-us-midterms
  
• coal-and-gas-export-demand-could-dry-up-before-2040-australia-needs-a-plan-for-what-comes-next
  
• cheaper-home-batteries-passes-600000-installs-as-bowen-warns-balcony-solar-cannot-be-rushed
  
• aemo-confirms-outlook-update-after-latest-snowy-delay-as-murdoch-papers-resume-rolling-blackouts-mode
  
• in-a-solar-dominated-electricity-system-how-do-we-cover-night-time-and-cloudy-days
• coal-power-offers-no-chance-to-compete-says-rio-tinto-as-smelters-shift-to-right-side-of-energy-cost-curve
  
• data-centres-revive-coalition-passion-for-nuclear-power-but-this-time-more-expensive-and-even-less-realistic
• Simon Wright on rural-australian-communities-are-hosting-the-clean-energy-boom-are-they-getting-a-fair-say

Northern America

• Menzie Chinn on an-ai-boom-reversal-mechanics-vs-economics, interest-sensitive-and-insensitive-investment-and-the-two-speed-economy, feasible-cost-of-living-reduction, cpi-upside-surprise
• Joseph Campbell on i-study-polling-failures-this-time-pollsters-were-mostly-right-if-not-precise
• Eric Levitz on midterm-elections-2026-trump-democrats-david-shor-iran
• Jonathan Blitzer on stephen-miller-takes-the-reins
• institutional economics on the-midterms-markets-and-productivity
• noahpinion on for-the-democrats-now-comes-the-hard-part
• dead for tax reasons on masters-of-our-paperwork
• Kruggers on after-the-bubble-bursts, the-texas-miracle, the-cyberpunking-of-america-(fixed)
• Harry Litman on wildly-off-target, impeach-todd-blanche
• Alex Tabarrok on end-the-state-veto-on-power-lines
• mainly macro on how-incompetence-delivered-us-from-fascism 
• Tess Bridgeman and Ryan Goodman on getting-serious-accountability-united-states
• G Elliot Morris on midterm-polls-mississippi-senate-scott-colom
• John Cassidy on is-jensen-huangs-affair-a-crisis-for-the-ai-boom
• Cory Alpert on jensen-huang-s-affair-exposes-silicon-valley-s-national-security-power
• Eric Levitz on democrats-agenda-taxes-midterms
• Jonathan Chait on moderates-midterms-success-progressives
• David Cole et al on the-blue-wave-i 
• Rozina ali et al on the-blue-wave-ii
• Christopher Hooks et al on the-blue-wave-iii 
• Adam Serwer on scott-colom-us-senate-democrats
• Ilan Goldenberg on israel-palestine
• Jeet Heer on trump-butt-obsession-jon-husted-ass, stephen-miller-trump-appointment-explainer

Europe

• Jason Cowley on rejoin-brexit-andy-burnham-eu Thanks Nick
• Michael Cox on what-the-us-midterms-result-means-for-the-ukraine-war
• Joshua Yaffa on why-russia-and-ukraine-keep-resisting-trumps-art-of-the-deal
• Faisal Islam on why is the british economy so resilient

Asia

• Rishi Sunak on cars-part-of-xi-jinping-dependency-strategy Thanks Nick
• Myra Abubakar on indonesia-s-national-hero-titles-and-the-politics-of-unresolved-violence
• noahpinion on why-im-becoming-a-china-bear, india-is-quietly-doing-great
• Sophia Chance on beijing-s-new-common-language-law-doesn-t-sound-so-common
• Benedict Moleta on can-gadi-eisenkot-turn-the-disaster-bloc-into-israels-next-government
• Alicja Bachulska on yalta-2-0-a-trump-xi-putin-summit-has-little-upside-for-beijing
• Erin Cook on eleven-phones-and-the-spectre-of-treason-jakarta-s-wiretap-scandal

Wonk

• Felix Martin on artificial-intelligence-reaches-its-napster-moment Thanks Nick
• hacking narcissism on trauma informed-leadership-is-infantilisation Thanks Nick
• Cass Sunstein on carl-schmitt-and-antisemitism Thanks Nick
• Tim Harford on ai-lessons-from-uncle-screwtape
• the conversable economist on fall-2026-journal-of-economic-perspectives-freely-available-online
• Tyler Cowen on the-paraguayan-bank-story, the-economics-of-honeypots
• Andrew Cullen on why-is-nvidia-so-powerful-in-the-ai-world-and-what-could-jensen-huangs-scandal-really-cost
• the conversable economist on how-currencies-have-come-and-gone-1850-2026
  
• john cochrane on brazil-finances Thanks Tyler
• Monica Attard and Alena Radina on how-the-fog-of-war-puts-journalism-in-the-frame

General

• Kliti Grice on traces-of-dinosaur-blood-found-in-world-first-discovery
• David Rowe on did-australias-cricket-leaders-sandpaper-over-the-truth-new-ball-tampering-revelations-suggest-so
• Samuel Lai and Nithyanandan Thyaggarajan on is-this-iconic-black-hole-image-accurate-new-study-delivers-an-independent-result
• Chris Clarkson et al on discoveries-from-a-125-000-year-old-lakeshore-reveal-life-in-a-greener-arabia

Climate

• Hement Odger and Bhim Adhikari on cop31-rebuilding-the-loss-and-damage-fund-for-speed 
• Larelle Bossi on the-ocean-is-missing-from-climate-diplomacy-again 
• David Appell on ever-upward
• renew economy on trumps-war-in-iran-has-rocketed-renewables-to-the-top-of-the-policy-agenda-says-iea
• Wesley Morgan on yes-the-cop-climate-talks-are-far-from-perfect-but-they-still-hold-the-power-for-change
• Nandini Ramesh and Mandy Freund on its-possible-to-predict-some-el-ninos-a-year-in-advance-heres-why-that-matters
• citizens challenge on fielding-questions-physical-reality
• open mind on good-news-and-bad-news
• Anita Talberg on the-world-needs-to-get-serious-about-electrification-heres-why
• skeptical science on fact-brief-solarjobs
• ocean acidification on warming-thresholds-and-extinctions-lessons-from-past-hyperthermals-on-land-and-at-sea
• Andrew Lowe et al on concrete-and-steel-or-mangroves-and-forests-when-it-comes-to-climate-adaptation-nature-is-much-cheaper
• Mariam Darestani et al on its-possible-to-make-great-concrete-without-the-huge-emissions-from-cement-why-isnt-this-common

Andrew Gelman ( mainly stats)

• 2026-compared-to-other-dramatic-midterm-election-reversals-of-the-past-half-century
  
• causal-effects-versus-causal-mechanisms-two-traditions-with-different-requirements-and-contributions-towards-causal-understanding
  
• elizabeth-holmes-jensen-huang-etc-if-all-this-had-happened-fifteen-to-thirty-years-ago-im-guessing-that-all-these-people-wouldve-been-democrats-what-changed
  
• can-peer-review-survive-unrestricted-ai-use-by-reviewers
  
• constructing-a-latent-variable-model-to-fit-measurement-data-a-stan-story-part-2
  
• survey-statistics-sampling-from-a-bayesian-menu
  
• youre-kind-of-a-hero-at-my-company
  
• the-challenge-of-truly-probabilistic-programming
  
• constructing-a-latent-variable-model-to-fit-measurement-data-a-polychoric-story
  
• Kaiser Fung on aligning-the-data-and-the-visual
• Freakometrics on when you avoid a catastrophe what happens
• Tyler Cowen on are-rcts-underpowered

Dianne Coyle ( quirky + book reviews)

• Brad De Long on there-were-some-very-good-moments-in-this-movie
• Claire Wright on why-jared-diamonds-leadership-book-on-prophets-coaches-and-kings-is-flawed-but-fun
• Tyler Cowen on what-ive-been-reading
• Tim Jarvis on the-end-of-everything-by-m-john-harrison-wins-the-2026-booker-prize-a-wonder-of-weird-fiction-for-our-incomprehensible-times
• Helen Hodgson on australias-4-8-trillion-super-system-has-become-a-political-football-a-new-book-explains-why
• David Appell on new-physics-book-by-friend-great-atom
• Paul Giles on despite-its-sandpaper-cheating-bombshell-usman-khawajas-autobiography-is-strategic-about-its-revelations
• Fred Kaplan on bob-woodward-secrets-review
• Joel Eissenberg on book-review-a-shadow-over-the-world

Vox wonk

• coming-age-under-populists-zero-sum-legacy-populist-rule 
  
• labour-market-origins-experimentation-and-growth-why-europe-falling-behind 
  
• schooling-refugee-children-long-run-effects-integration-versus-separation 
  
• the-concentration-of-ai-spending 
  
• when-wording-changes-what-we-find-impact-inflation-expectations-spending
  
• similarity-not-exposure-measuring-spillovers-us-china-trade-frictions
  
• energy-labels-feebates-and-standards-lessons-eus-2021-reform 
  
• global-office-globalisations-frontier-shifting-factories-offices
  
• little-gain-american-patients-real-harm-european-ones-why-europe-must-answer-us-most 
  
• making-work-pay-married-mothers-two-simple-fixes-us-tax-credits
  
• short-and-long-run-effects-railroads-mexico-us-migration 
  
• trust-beyond-face-face-contact-ai-and-future-finance
  

A few more things

 Rio Tinto says coal power cannot compete to power aluminium smelters. Well knock me down with a feather. Fancy that.

Nuclear power still way to expensive to generate electricity. There is no commercial SMR anywhere!

Mark the Graph likes New Keynesian models.

black holes anyone?

This book may explain why super is so political.

Noah likes India.

Nvidia HERE and HERE. what a mug

Sandpapergate

 Sorry everyone but I feel I have to address this issue more fully as some people are telling porkies.

Let us get down to basics. It is bowlers who determine who shines the cricket ball and how they do it. If you  give this job to a novice he could muck it up and thus the ball will do nothing and the bowlers are worse off. The person allocated to do something to the ball in SA was one Cameron Bancroft. In test terms he was a novice. The bowlers would make sure he knew exactly what to do or were told by someone they trusted he knew what to do.

What is more when they saw the ball being changed they would either ask questions or know the plan was working.

The context here is the kookaburra was not swinging much alah orthodox swing  but the SA bowlers were using reverse swing much better than the aussies. Also important here is shine on one part of the ball also assists the  orthodox spinner with their arm ball as well as swerve for all spinners.

Thus the bowlers in that test would most certainly had known what was going on  and it is highly likely the 'plan' would have been discussed in the dressing room.

Having said all that I always believed the punishment was far bigger than the crime.

From where I sit I see no reason to disbelieve Uzzie at all. Please do not say it was for book sales because 1) he won't make money from the book 2) he is already very well off as his wealth is in the millions.

some implications of the mid-terms

 Let's start with Trump.

It is very hard to predict the unpredictable however the appointment of Miller as his new chief of staff is surely an indication he will play hard ball and ignore the HUGE vote against him.I can see heaps of vetos and the DOJ amping up its 'investigations. Also remember it is the DOJ that determines who can or cannot be prosecuted on the recommendation of congress. Miller has more power so deportation aint going nowhere. A person who calls democrats a terrorist threat is mad and he is trump's main man! He is not a negotiator either.

Thus it is hard to envisage Trump changing his policies!

Also important is the fact Trump WILL determine who the next republican presidential candidate is thus they will have to embrace trumpism.

The Democrats have to look ready to 'make deals'. If the public believe them then Trump will get the blame for any vetoes and Republicans will lose the next presidential election. It will be interesting to see if they can do anything about budget repair. From where i sit they only had at worst more spending proposals at best a change in spending priorities not a reduction ( and/or a rise in taxation).

The next democrat presidential candidate will be a moderate because if he/she wins texas then it will be all over red rover and a pressive won't win texas.

The republicans are in a bind. They need to reject trumpism but cannot because MAGA cannot accept reality ( 1932 anyone). States have swung to the democrats so gerrymandering is out of the question. They probably won't get much of a swing until 2030 and those mid-terms. ( They had better hope no conservative judges die given the senate numbers.

A few things

 New Zealand

They had an election overthere and no-one won but but no-one lost! Late votes wil ldetermine who governs.

Israel

The President has asked Eisenkot to try and form a government. He does have time but his coalition is very wide and only agree on tossing Netanyahu. Few parties want Arabs in their coalition government

As Orwell might have said not all israelis are equal!!

USA

Trump gives the US electorate the middle finger by appointing Miller a racist bigot as his chief of staff signaling he will fight congress not attempt to govern with them.

He then tells the DOJ to examine those in congress who want to investigate the administration.

Sandpapergate

Well Uzzie said all the team was into this. Of course they were, the bowlers in particular. They are the most concerned with whoever is dealing with the ball. A person who does not know what they are doing can make for a dud cricket ball. The bowlers therefore would have a very close eye on what was happening to the ball.  Only a wood-duck would have believed only three people were involved.

double minded people

Can people get their arguments straight. IF government spending is the problem by pumping up demand then we cannot be heading into a recession, nor can we feel like it is in a recession. If we are heading into a recession or fell like it then inflation will fall  and fall by a lot! IF the government is taxing too much then that offsets spending somewhat.

If people want immigration to fall but nominate areas where they will rise then other areas such as Unis, Cafes and aged care will be cut drastically!!!

Canned Heat

 Here they are at woodstock doing on the road again. As the old saying goes if you remember woodstock you weren't there.

Around the Traps 6/11/26

 It is time again for Around the Traps.

Aussie,Aussie,Aussie,Oy,Oy,Oy

• Mark the Graph on why-rba-watches-quarterly-trimmed-mean
• burnout economics on why-the-rba-is-increasingly-trapped 
• Stella Huangfu on rba-hikes-interest-rates-to-an-18-year-high-warning-inflation-will-hurt-for-another-year
• Nicki Hutley on rba-split-inflation-effects-rate-hike-australia-economic-outlook
• Mark the Graph on the-nairu-is-structural-and-slow-moving
• Greg Jericho on the-rba-says-there-is-excess-demand-in-the-economy-households-doing-it-tough-might-disagree
• Jason Lodge on australian-classrooms-are-getting-a-digital-detox-what-does-this-mean-for-schools-and-students
• Robert Crawford on david-jones-falls-into-administration-and-its-outdated-business-model-explains-why
• the tally room on is this the end of two party preferred

OZ Climate

• australias-most-powerful-turbines-up-to-9-5-mw-mooted-for-giant-wind-project-outside-steel-city
  
• big-battery-durations-are-headed-to-double-figures-and-their-chemistries-are-changing-again
  
• nsw-responds-to-rez-inquiry-recommendations-as-barnaby-joyce-dials-up-the-anti-renewables-rhetoric 
  
• solar-bonanza-merchant-revenues-soar-to-highest-level-in-two-years-as-gas-generation-hits-all-time-low
  
• household-gas-use-is-falling-much-faster-than-connections-new-data-shows-as-quiet-quitting-takes-hold
  
• victoria-will-have-higher-electricity-prices-and-more-gas-without-vni-west
  
• no-scare-campaigns-or-blanket-assurances-albany-offers-a-chance-to-lead-on-home-electrification
  
• cows-and-cyclones-push-to-design-solar-farms-for-cattle-and-climate-is-back-but-is-australia-ready
  
• the-rise-and-fall-of-the-lgc-market-and-the-data-centre-policy-decision-that-will-determine-its-fate
  
• australia-is-headed-for-its-biggest-year-of-rooftop-solar-growth-ever-and-the-mid-scale-boom-is-yet-to-come
  
• government-says-climate-and-energy-reporting-not-core-news-of-public-interest-as-dis-information-runs-wild
  
• Rita Akai et al on climate-change-is-killing-the-plants-of-ulur-u-kata-tju-a-an-angu-traditional-owners-are-concerned
• Jesse Fahnestock on australia-barely-owns-a-ship-but-moves-the-world-s-heaviest-cargo-and-carbon

Northern America 

• Glenn Hubbard on america-needs-a-citizens-assembly-to-reform-social-security thanks Nick
• can we still govern on doges-willing-executioners thanks Nick
• institutional economics on nominal-gdp-and-the-us-midterms
• Rachel Booth on healthcare-republicans-medicaid-gop-midterms-aca-healthinsurance-premiums
• the conversable economist on snapshots-of-the-us-wealth-distribution , a-sick-society-must-think-much-about-politics
• Kruggers on trumponomics-a-midterm-report-card , oligarchy-is-on-the-ballot, it-wasnt-just-the-economy-stupid, what-democrats-can-do, americas-backlash-against-oligarchy
• Isaac Stanley-Becker on serbia-dodik-russia-maga 
• Rozina Ali on the-real-stakes-of-the-ilhan-omar-case 
• Ryan Goodman on presumption-of-regularity 
• Harry Litman on trump-puts-doj-lawyers-in-indefensible
• Jay Willis on 2026-election-news-alaska-dan-sullivan-shenanigans
• Ian Millhiser on supreme-court-nielsen-watanabe-bivens-ice
• Quinta Jurecic on doj-elections
• unpopular front on where-were-at Thanks Brad
• Brad De Long on anomalous-corporate-earnings-numbers , a-114-swing-in-the-electorate-has-consequences , the-ghost-of-jean-jacques-rousseau-drives-men-mad
• Andrew Gawthorpe on donald-trumps-republicans-suffer-landslide-defeat-what-this-means-for-the-world, combine-blacks-and-the-moderate-non-racist-white-vote-and-you-ought-to-have-a-majority-in-the-south
• Helen Lewis on trump-midterm-results-schadenfreude
• noahpinion on normal-americans-punished-maga
• Cory Alpert on trump-lost-the-midterms-not-his-grip-on-foreign-policy
• Eric Levitt on midterm-elections-2026-trump-democrats-david-shor-iran
• Madiba Dennie on black-voters-blue-wave-callais-gerrymander-dummymander
• McKay Coppins on midterms-conservative-republicans-identity
• Anne Applebaum on future-democracy
• Jonathan Nash on congress-options-courts-litigation-executive-branch
• Tim Stretton on executive-branch-resists-questions-congress-should-ask
• Harry Litman on where-to-begin
• home and away on special-edition-rebuke-november-4
• Jeet Heer on haley-stevens-mike-rogers-endorsement-fallout

Europe

• Luca Belgiorno-Nettis on france-has-a-radical-idea-for-fixing-its-debt-crisis thanks Nick
• the ruffian on what-is-the-sally-rooney-case-really-about thanks Nick
• Geoff Mulgan on power-failure-and-the-paradox-of-the-british-state thanks Nick
• Menzie Chinn on recession-in-france
• Anne Applebaum on trump-europe-guilfoyle-afd-meddling
• mainly macro on what-is-wrong-with-boring-budgets
• Tim Judah on serbias-graduation-day

Asia

• Jeremy Levin on true zionists should welcome arab participation  in Israel's government thanks Nick
• Amitava Kumar on inside-indias-cockroach-protests 
• Gabriela Bernal on almost-a-million-extra-mines-on-the-dmz-and-it-s-not-about-war 
• Ria Shiabata on takaichi-s-yasukuni-half-measure-satisfies-no-one
• Rachel Booth on israel-election-netanyahu-palestinian-arab-democracy-gaza
• Khang Vu on kyiv-s-warnings-of-tens-of-thousands-more-north-korean-troops-never-came-true
• Kristeen Bondietta on apec-2026-let-s-get-back-to-the-future-on-trade

Wonk

• the unfinished on nietzsche-is-a-self-help-author thanks Nick
• Tim Harford on liberated-by-technology-again 
• Eoin McLaughlin on 70-years-ago-the-suez-crisis-exposed-british-relative-decline-today-the-iran-conflict-could-be-doing-the-same-for-the-us
• noahpinion on anthropics-moat-is-claude
• Iwa Salami on the-us-6-3-billion-binance-hack-is-the-biggest-heist-ever-it-should-be-a-wake-up-call-for-cryptocurrency-users
• Nicholas Westcott on why-trump-xi-and-putin-cant-carve-up-the-world-like-the-big-three-leaders-of-1945
• Chris Dillow on on-ambiguity

General

• Philip Almond on how-the-buddha-became-a-christian-saint thanks Nick
• noahpinion on farewell-my-captain
• Kevin Brophy on is-this-the-weirdest-most-beautiful-cricket-book-ever-written
• Santosh Dhungana and Nicolas Flament on earths-rocks-have-a-missing-layer-spanning-up-to-a-billion-years-we-finally-know-where-it-went
• Guus Kroonen et al on we-used-ancient-dna-to-track-the-origins-and-spread-of-the-germanic-and-celtic-languages-new-research

Climate 

• Gareth Roberts and Martin Wooster on indonesias-el-nino-driven-peat-fires-are-choking-the-region-and-releasing-centuries-of-stored-carbon
• Ajit Naranjan on permanent-damage-crysophere-overshoots-15c-scientists-warn
• citizens challenge on problem-appreciating-physical-reality
• skeptical science on new_research
• Alex Tabarrok on pollution-as-growth-killer
• renew economy on trumps-war-in-iran-has-rocketed-renewables-to-the-top-of-the-policy-agenda-says-iea

Andrew Gelman ( mainly stats)

• this-guy-has-a-transformer-based-election-forecasting-model
  
• problems-with-the-do-no-harm-principle-in-the-presence-of-uncertainty
  
• evolutionary-psychology-hypotheses-are-testable-and-falsifiable
  
• legislative races 
• science-is-not-naturally-aligned
  
• alan-zaslavsky
  
• why-it-can-be-rational-to-vote-4
  
• survey-statistics-times-siena-polls-and-times-voter-trends
  
• discussion-of-tonights-election-results
  
• so-in-that-sense-the-silly-statistics-in-the-paper-is-no-big-deal-it-serves-as-a-sort-of-rhetorical-flourish
  
• could-the-2026-election-results-lead-to-a-decrease-in-political-polarization
  
• constructing-a-latent-variable-model-to-fit-measurement-data-a-stan-story
  
• Kaiser Fung on ai-dog-collars
• freakometrics on multi-dimensional distribution fairness

Dianne Coyle ( quirky + book reviews)

• a-big-catch-up-what-ive-been-reading
  
• Tyler Cowen on fjord-and-fatherland

Vox Wonk

• assessing-china-technological-innovator 
  
• stablecoins-vehicle-dollarisation-evidence-capital-controls-and-currency-crises 
  
• boom-bust-roaring-twenties-great-depression 
  
• when-judges-move-markets-ideological-shifts-supreme-court-and-macroeconomic 
  
• stablecoins-and-macroeconomy-bank-disintermediation-versus-fiscal-space 
  
• network-approach-geopolitics 
  
• repo-new-dollar-safe-asset 
  
• job-seekers-beliefs-and-preferences-over-wages-and-benefits-experimental-evidence 
  
• bank-executive-pay-compensation-design-can-help-reduce-excessive-risk-taking 
  
• easy-money-does-not-win-elections 
  
• monetary-policy-times-high-public-debt