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David Dayen Profile picture
@ddayen
Sep 24, 2020 • 4 tweets • 2 min read • Read on X
So this is "off the news" but a very important piece, I think, from Mara Kardas-Nelson about Georgetown, Texas. (1/)

prospect.org/environment/wh…
Georgetown went "100% green" several years ago, getting a lot of acclaim as a red town in a red state. What they actually did was buy a bunch of green credits through Texas's deregulated energy trading system.
prospect.org/environment/wh…
This locked in prices. They even bought excess energy that they thought they'd be able to sell back to the grid.
Then the fracking boom came. The trading stopped. Georgetown was stuck. And they're no longer 100% renewable. prospect.org/environment/wh…
It's a super-interesting tale about the market-based solution to green energy and why the invisible hand needs some guidance to save the planet. Read it! prospect.org/environment/wh…

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More from @ddayen

David Dayen Profile picture
May 27
The Trump administration has effectively ended white-collar crime enforcement. All this week, we're going to look at what ripoffs, deceptions, and cons will rise as a result to part the public from their money.
This intro sets the stage: it's the Golden Age of Scams. Image
It's important to study where the scams will come from because historically they have led to larger catastrophes that cascade out from the main victims. Our project is to find the growth industries in ripoffs.
prospect.org/power/2025-05-…
The first and most obvious is in crypto, where the president and his family are leading the way. I couldn't think of anyone better than @SilvermanJacob to detail this unprecedented self-enrichment at the public's expense.
prospect.org/power/2025-05-…
Read 8 tweets
David Dayen Profile picture
Apr 30
Today on TAP, from me: This moment feels like February 2020. If you read closely, you know something bad will happen soon, but it's not visible yet.
In this case, it's the dismantling of our supply chains, empty store shelves, and recession. It's a matter of time. 🧵
We know that volumes from China are falling. That really starts to hit next week. The immediate impact is on logistics. Companies pulled forward orders, which will keep them OK for a little while. But it's impossible to hold off the pain forever.
prospect.org/blogs-and-news…
So inventories erode by midsummer, and nothing fills the gap. Shelves go empty. Ordering months out, for the holidays, for the sesquicentennial in 2026, has been stalled. Every company is ripping up their forecasts, because they are unknowable. wsj.com/business/earni…
Read 5 tweets
David Dayen Profile picture
Mar 26
NEW: Frank Bisignano, Trump's nominee to run the Social Security Administration, is CEO of an oligopoly for back-office banking services, buoyed by at least 40 acquisitions in the last 34 years. SSA could be his latest conquest. 🧵 Image
Fiserv is one of three "core providers" that provide back-office support to 72 percent of all banks and nearly half of all credit unions. Smaller banks have routinely complained about complex, expensive long-term contracts and substandard services. prospect.org/health/2025-03…Image
Though Republicans marveled at Bisignano as a savior who could use his skills as “a leader in payments and financial technology,” what Fiserv does has nothing to do with what SSA needs, said one expert: prospect.org/health/2025-03…Image
Read 4 tweets
David Dayen Profile picture
Mar 5
NEW from me: The Trump administration will likely change the Biden-passed broadband buildout so Elon Musk's Starlink can get more of the $42.5 billion pie. But there's another way to hand Starlink critical infrastructure for its business: through government spectrum sales. 🧵
Currently the FCC isn't authorized to conduct spectrum auctions. Some Republicans want to reauthorize but also accelerate auctions & dictate what spectrum should be sold. This is an accounting gimmick to "raise" money to offset the tax cuts, by pulling spectrum revenue forward. Image
Defense hawks hate this because they want to reserve spectrum for military communications. But the Trump administration appears ready to sell off spectrum. And at the same time, the wireless industry is campaigning to get the most lucrative frequencies: Image
Read 4 tweets
David Dayen Profile picture
Dec 16, 2024
I got a message last week from the White House. They pitched a new writer for us: Joe Biden. Today, @TheProspect is publishing the 46th president explaining his economic agenda: what he accomplished and why he did it.
See below for details.
The president writes that he wanted to reverse the failed approach of trickle-down economics, the offshoring of jobs, the high cost of things like prescription drugs. Here's what he sought to do instead:
prospect.org/economy/2024-1…Image
He divides the essay into 3 sections: investing in the future through infrastructure spending and industrial policy, supporting workers and unions, and promoting competition and small business. He closes by saying America is stronger from these policies. prospect.org/economy/2024-1…Image
Read 4 tweets
David Dayen Profile picture
Oct 31, 2024
tl;dr: Lina Khan is successful at working legal levers of power to uphold the law, and as conservatives we hate that
oversight.house.gov/wp-content/upl…
This alleged rampant illegality starts with pro-monopoly conservatives grousing that Khan was appointed to a White House council. Can you imagine! Image
Then, get this, the chair of the agency responsible for merger challenges issued guidelines for merger challenges, as has been done by practically every FTC chair in history. The scoundrel!
And she CHANGED. A. FORM. (The form changes got a 5-0 commission vote) Image
Read 16 tweets

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