this post was submitted on 10 Mar 2025
221 points (100.0% liked)

News

35724 readers
2753 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

U.S. President Donald Trump's administration has disbanded two expert committees that worked with the government to produce economic statistics, potentially affecting the quality of data.

The terminations by Commerce Secretary Howard Lutnick were effective February 28 and communicated on Tuesday via email to one of the panels, the Federal Economic Statistics Advisory Committee (FESAC), which assisted with inflation and employment gross domestic product (GDP) data.

you are viewing a single comment's thread
view the rest of the comments
[–] tal@lemmy.today 40 points 11 months ago (1 children)

The disbanding comes days after Lutnick said he would strip government spending from the GDP report, a move some economists said was impossible and intended to obscure the economic impact of deep spending cuts and mass layoffs being pursued by tech billionaire Elon Musk's Department of Government Efficiency, or DOGE.

"When you go down that rabbit hole, it's like trying to unscramble the eggs," said Brian Bethune, an Economics professor at Boston College. "For example, a lot of the defense spending goes to private contractors. So how can you cut that out of GDP? It's a ridiculous idea."

If you want fabricated numbers to make your policies look good, you're also going to dick up things for companies and institutions who use those numbers for planning.

[–] MCasq_qsaCJ_234@lemmy.zip 2 points 11 months ago

If Trump Bankrupts the Big Four, All Accountants Will Hate Him.