Hacker News with Generative AI: Economy

The foundations of America's prosperity are being dismantled (technologyreview.com)
Federal scientists warn that Americans could feel the effects of the new administration's devastating cuts for decades to come.
Hotdogs and motorways: The ripples created by Denmark's Ozempic and Wegovy boom (bbc.com)
American demand for weight-loss drugs is supercharging Denmark’s economy and transforming a small Danish community into an unlikely boomtown.
IRS to fire 6,700 staff (independent.co.uk)
The Internal Revenue Service will lay off more than 6,000 employees Thursday as part of President Donald Trump’s push to slash federal spending, a source familiar with the move told Reuters.
So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel? (nytimes.com)
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has “literally cost us more than 2 cents.”
Xi Voices Support for Jack Ma, China Private Sector Chiefs (bloomberg.com)
Chinese President Xi Jinping presided over a meeting with Alibaba co-founder Jack Ma and other prominent entrepreneurs on Monday, signaling Beijing’s endorsement for a long-marginalized private sector now considered key to reviving the world’s No. 2 economy.
Protesters target Tesla stores in US over Elon Musk's cost cutting (theguardian.com)
Protesters gathered outside Tesla dealerships across the US on Saturday in response to Elon Musk’s efforts to shred government spending under the president, Donald Trump.
Germany's Industrial Slowdown (2023) (apricitas.io)
Germany’s economy has eked out extremely low growth over the last 5 years—recent revisions to GDP data mean its output is once again barely above pre-pandemic levels, but that still means the country has seen less than 0.5% cumulative GDP growth since late-2018.
Ask HN: Would You Relocate to Finland? (ycombinator.com)
I have secured a nice permanent tech job in the Finnish public sector. I like the country, but I have heard some concerning comments about the Finnish economy in a few HN threads.
UK drops 'safety' from its AI body, now called AI Security Institute (techcrunch.com)
The U.K. government wants to make a hard pivot into boosting its economy and industry with AI, and as part of that, it’s pivoting an institution that it founded a little over a year ago for a very different purpose.
The United States is not a Silicon Valley company (scripting.com)
The United States is not a Silicon Valley company#
I use AI to predict the future (gwintrob.com)
I compete in an annual predictions contest with a group of friends. Each January, we make a series of guesses about the economy, politics, etc. to see who is most accurate at the end of the year. Beyond the cash prize, the winner gets a green Masters jacket and the loser has to give a short presentation on how they made their predictions.
Amazon plans to spend $100B this year to capture once in a lifetime opportunity (cnbc.com)
The Job Market Rebound Is Going to Catch Everyone Off-Guard (inc.com)
I’ve got good news about the job market. And some bad news.
US Travel Assoc Warns of Tourism Disaster as Canadians Cancel Trips (thetravel.com)
The U.S. Economy Is Racing Ahead. Almost Everything Else Is Falling Behind (nytimes.com)
The American economy has grown faster than every other high-income economy over the past few decades.
Ask HN: Who wants to be fired? (February 2025) (ycombinator.com)
As the software development market shows no signs of recovery this year, and with the Gen AI bubble potentially about to burst as well, how many of us are considering quitting our jobs and moving into other fields?
Addiction Economy (profgalloway.com)
It’s the final day of Dry January. I tried it, didn’t last. I’m now drinking (again) like a Pan Am pilot in the seventies. Anyway, the 22% of U.S. adults who abstained from alcohol this month will get a personality upgrade just in time for the Super Bowl. Ostensibly, the Super Bowl is a contest between the two best football teams, but really it’s a platform for the real economy: the addiction economy.
Executive Order: For each new agency regulation issued, 10 must be repealed (whitehouse.gov)
ELIMINATING 10 REGULATIONS FOR EACH NEW REGULATION ISSUED: Today, President Donald J. Trump signed an Executive Order to unleash prosperity through deregulation.
Everything About Trump's Spending Freeze Order You Were Too Afraid to Ask (crisesnotes.com)
This is a free piece of Notes on the Crises. Reader support which makes my Freedom of Information Act project, archival research and general writing possible (including my #MonetaryPolicy201 series). Monday is the last day paid subscriptions are 50% off so take advantage while you still can
List of 200 UK companies that moved to 4-day working week (future4days.com)
Over 200 companies in the UK have started a four-day working week without reducing salaries.
Germany: Number of unemployed highest in 10 years (dw.com)
The number of unemployed people in Germany has risen to its highest in a decade. The rise comes as the weakness of Europe's largest economy took its toll on the labor market.
Working Americans Turn to Food Banks as Fed Inflation Battle Drags On (msn.com)
2025 will likely be another brutal year of failed startups, data suggests (techcrunch.com)
More startups shut down in 2024 than the year prior, according to multiple sources, and that’s not really a surprise considering the insane number of companies that were funded in the crazy days of 2020 and 2021.
One word that explains why the world feels 'deeply off' for so many people (upworthy.com)
A new study from the folks at Insure.com has done the math and estimated that the average mother’s “salary”, a fair wage to compensate for all the hours worked — that normally go completely uncompensated! — would be $140,315.
US home sales in 2024 fell to lowest level since 1995 (cnn.com)
Europe can import disillusioned talent from Trump's US, says Lagarde (ft.com)
Europe can import disillusioned talent from Trump’s US, says Lagarde
Russia Slashes Engine Production as Domestic Airliner Production Flounders (simpleflying.com)
The richest Americans thrived under Biden, despite warnings of an 'oligarchy (twitter.com)
Why elite MBA graduates are struggling to find jobs (economist.com)
In business there is no surer sign of distress than when a firm delays its financial results. That also appears to be true of business schools.
German economy contracts 0.2% in 2024 in second consecutive annual slowdown (cnbc.com)