Mark Blyth and Nicolò Fraccaroli in The Guardian:
Inflation is, at base, a tax on consumption – and it hits the poor the hardest, since they consume more of their incomes and the rich consume less.
That’s one reason for concern over Donald Trump’s tariffs, which will disproportionately affect the poor. When the 90-day pause on the tariffs expires, it is reasonable to expect prices to rise, and by a lot.
That’s because, first, intermediate goods – rather than finished ones – dominate trade, crossing borders and being tariffed multiple times along the way, which makes them highly inflationary. Second, while the tariffs of the first Trump administration could be more easily absorbed by exchange rates and producers, there is no way tariffs of this magnitude can be absorbed. Producers and consumers must take a hit, and that means rising prices. It looks like the poor, once again, will suffer the most.
But if Trump’s tariffs were to disappear for good, would we return to a world of stable prices? Insights from our forthcoming book, Inflation: A Guide for Users and Losers, suggest that is sadly not the case, for three reasons.
More here.
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Sometime in the next several months, a team of US scientists plans to pour a solution of antacid into the waves off the coast of Massachusetts. Using boats, buoys and autonomous gliders, the scientists will track changes in water chemistry that should allow this tiny patch of the Atlantic Ocean to absorb more carbon dioxide from the sky than it normally would.
It’s been an exceptionally rich decade for fans of the great mid-century Italian master Giorgio Morandi here in New York City, beginning with the superb retrospective at the Metropolitan back in 2008 (which I’ve already referenced in the pages of this Cabinet back in 
After three years as a censor, Liu detests his job. He detests the white office ceiling, the grey industrial carpet and the office that feels more like a factory. He also detests his 200-odd colleagues sitting in their cubicles, each concentrating on their mouse and keyboard as they delete or hide content.
Physicists are sketching the designs of a particle accelerator that would be radically smaller and cheaper than existing facilities. The technique behind these designs, known as 
Agnes Callard’s Open Socrates is like many works of philosophy: It is addressed to a certain kind of skeptic. Most philosophical works are addressed to skeptics, but they tend to be philosophical skeptics—the metaphysician who doesn’t find arguments for the existence of the external world convincing, the philosopher of knowledge who isn’t quite sure our hunches count as “knowledge,” the moral philosopher who hears talk of “normativity” and can’t shake the mental image of a cop barking orders ultimately backed by violence rather than deep moral truth. Those skeptics are, at bottom, in on it: They are moved and movable by philosophical argument, or so we imagine.
I can imagine collecting, printing out, piling up all the books and journal articles produced on Richard Serra and how closely those stacks might equal the 320 tons (or 11 ½ feet) of Equal, eight boxes of equal volume but different dimensions stacked so that the immediate impression is one of simultaneous solidity and precarity. Over the past half century the art history industry has produced reams of interpretation, incorporating no shortage of words by Serra himself. The author of work so totally laconic has set the terms of its understanding as if the death of the author bypassed him entirely. I think of the spokesartist Robert Motherwell, who expended an awful lot of energy not so much on auto-interpretation as on ennobling a generation of abstract expressionist men, heroic and sublime (Vir Heroicus Sublimus, the painting by Serra influence Barnett Newman, on view two floors up from Equal at MoMA). After shoring up his and his friends’ reputations, Motherwell spent his later career relentlessly churning out canvases to finance his East Hampton house and lifestyle. Less defined by the company he kept than the space he occupied, Serra died at 85, in March 2024, in Orient. Serra had long kept a home and studio, designed by the same architect who transformed so many industrial structures for the display of his sculptures and who built a weekend house next door, on the tip of Long Island’s more rugged but still very expensive North Fork.
Four billion years ago, our planet was water and barren rock. Out of this, some mighty complicated chemistry bubbled up, perhaps in a pond or a deep ocean vent. Eventually, that chemistry got wrapped in membranes, a primitive cell developed and life emerged from the ooze.
If image-making is what drives him still, the possibilities of technology are also an ongoing fascination. He is one of the great draughtsmen of the 20th century but has long been happy to lay aside his pencil to tinker with art made by whatever new toy came into view – Polaroid collages, photocopiers, fax machines, multiple high-res camera rigs, and his iPad (with Apple even devising bespoke software for him). Hockney is a proselytiser, claiming that artists through history have always made use of emerging technologies. While these tools may have helped him scratch his itch, they are to many viewers a distraction and have sidetracked him from his greatest strengths. The artist, who has been heavily involved in putting together the Paris exhibition, has included a selection of these diversions: they clearly remain important to him.
A chronicler of the chimeric, the Egyptian writer Mansoura Ez Eldin has been celebrated in the Arab world for her feverish, fanciful plots. To read her feels like opening one’s eyes into a fugue state, a landscape in which the parameters of reality seem just slightly off-kilter. The air, in her universe, is always abuzz with ethereal presences and diaphanous bodies, anticipating the propitious moment for revelation. For someone so tuned to the monstrous and the ghostly, it’s unsurprising that Ez Eldin’s range of references encompasses everything from Arab-Islamic folklore and A Thousand and One Nights to Franz Kafka and Italo Calvino. Born in the Nile Delta and trained as a journalist, she now works as an editor at the cultural weekly Akhbar al-Adab—a background that has perhaps primed her for the dizzying hall-of-mirror densities of intertextual allusion that characterize her inventive oeuvre.
Language isn’t always necessary. While it certainly helps in getting across certain ideas, some neuroscientists have argued that many forms of human thought and reasoning don’t require the medium of words and grammar. Sometimes, the argument goes, having to turn ideas into language actually slows down the thought process.
Larry Summers: No, I’m feeling like I’m part of some kind of Kafkaesque economic tragedy. I think the master narrative, the big picture here, Yascha, is that the United States is turning itself into an emerging or a submerging market. There are set patterns that we associate with mature democracies. There are set patterns that we associate with developing countries, for which some people would use the term “banana republic.”