🌦 Pace of Climate Change Sends Economists Back to Drawing Board

Plus: World's Most Popular Password Manager Says It Was Hacked, IRS to Start Spending Its $80 Billion Budget by Hiring People to Answer the Phone, and more…

Today’s pick

Pace of Climate Change Sends Economists Back to Drawing Board. Economists have been examining the impact of climate change for almost as long as it's been known to science. In the 1970s, the Yale economist William Nordhaus began constructing a model meant to gauge the effect of warming on economic growth. The… (Lydia DePillis / The New York Times)

Lydia DePillis @lydiadepillis

I started out writing this story trying to understand whether we could quantify how climate change was affecting the economy *now.* Turns out that's a very complex question. But it led me down a different and more interesting path.

nytimes.comPace of Climate Change Sends Economists Back to Drawing BoardThey underestimated the impact of global warming, and their preferred policy solution floundered in the United States.

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World's Most Popular Password Manager Says It Was Hacked. LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information after breaking into its systems. The company doesn't believe any passwords were taken as part of… (Margi Murphy / Bloomberg)

Bloomberg @business

LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information after breaking into its systems

trib.alBloomberg - Are you a robot?

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IRS to Start Spending Its $80 Billion Budget by Hiring People to Answer the Phone. The Internal Revenue Service is planning to spend the first big chunk of its $80 billion expanded budget to hire people who will answer taxpayers' telephone calls during the 2023 tax-filing season. The move is a mundane… (Richard Rubin / Wall Street Journal)

Richard Rubin @RichardRubinDC

New from me: The bulk of the IRS's $80 billion will go to enforcement. But the first big move will be a patch-the-holes job on the other side of the agency -- hiring people to answer the phone.

wsj.comIRS to Start Spending Its $80 Billion Budget by Hiring People to Answer the PhoneThe Internal Revenue Service is planning to use the first big chunk of its $80 billion expanded budget to hire customer-service representatives to answer taxpayers’ phone calls during the 2023 tax-filing season.

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Twitter is becoming a podcast app. Twitter is officially getting into podcasts. The app will launch a test version of Twitter Spaces today that includes podcasts, letting you listen to full shows through curated playlists based on your interests. The redesigned Spaces tab opens with… (Ariel Shapiro via The Verge)

Ariel Shapiro @arshapiro90

New from me: @Twitter is launching a test version of Spaces today that includes podcasts.

theverge.comTwitter is becoming a podcast appThe test features playlists combining podcasts with Twitter Spaces.

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SpaceX and T-Mobile to Connect Starlink Satellites to Cellphones in Remote Parts of U.S. SpaceX and T-Mobile US Inc. said they plan to work together to use the rocket company's satellites to provide connections to T-Mobile cellphones across the U.S., even in remote areas with no current wireless service. The companies said Thursday… (Thomas Gryta / Wall Street Journal)

The Wall Street Journal @WSJ

SpaceX and T-Mobile said they plan to work together to use the rocket company’s satellites to provide connections to T-Mobile cellphones across the U.S., even in remote areas

on.wsj.comSpaceX, T-Mobile to Connect Satellites to Cellphones in Remote AreasElon Musk unveiled a plan to use the rocket company’s satellites to provide connections to T-Mobile cellphones across the U.S., including in remote areas with no current wireless service.

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