Joseph N. DiStefano
@PhillyJoeD
I write about money & people mostly @PhillyInquirer +OFS
China’s electric cards aren’t just cheaper and more popular than USA’s, they are easier to ship, because China isn’t fighting in the Middle East
Chinese Car Carriers (BYD) Sail Past Yemen 1️⃣ @BYDCompany eclipses @Tesla 2️⃣BYD Shenzhen, the world's largest car carrier 3️⃣Why do the Houthis allow Chinese car carriers to sail through the Bab el-Mandeb? youtu.be/M5XZTTh4Pbc
The unknown friends of our governor who would be president
Big-dollar donors are helping fund repairs at the governor’s mansion. For now, we don’t know who they are. inquirer.com/politics/penns…
“ICE is here,” he whispered. “We are hiding on the roof. I love you”
Aftermath: Armed Federal agents swarmed suburban PA grocery, grabbed clerks, hauled em to Philly federal jail. @PhillyInquirer talks to family members trying to go on with their lives, bereft of breadwinners. Store put out Help Wanted sign inquirer.com/news/pennsylva…
Aftermath: Armed Federal agents swarmed suburban PA grocery, grabbed clerks, hauled em to Philly federal jail. @PhillyInquirer talks to family members trying to go on with their lives, bereft of breadwinners. Store put out Help Wanted sign inquirer.com/news/pennsylva…
Everyone—I mean *everyone*—should have access to the Sacraments. I don't care whether you support Trump or his immigration policies, this should be opposed by all Catholics. What do you say, @JDVance? Will you speak up even once for Catholicism as VP?
Catholic priests have been barred from providing religious services inside Florida's controversial new migrant detention facility — dubbed "Alligator Alcatraz" — nearly three weeks after it opened deep in the Everglades, the archbishop of Miami said. bit.ly/3IFk8qd
Why pharmacies fail: @edmahonreporter on PA-based RiteAid chains's collapse spotlightpa.org/news/2025/07/h…
The way that Teachout's terrible NYT op-ed was aggressively mocked, the disappearance of MMT, the YIMBY's understanding deeply the costs of regulation, tariffs losing all support on the left... It feels to me neoliberalism is gaining steam on the left
So let’s all get this straight. If Boeing buy heavy steel machinery from Germany, it’s going to pay a 15% tax. But if Boeing imports steel to make the machinery itself in Kansas, it owes a 50% tax? This is a smart idea?
Before the Young Bag Chasers were a violent gang, they were friends from West Philly chasing music and money. A string of shootings, and the rise of drill music and social media, scrambled their intentions and altered the trajectory of their young lives. inquirer.com/crime/a/young-…
Toyota is up +8% on the news of a 15% tariff. Why? It's simple. Ford, GM, Tesla, and all the other American manufacturers are going to be paying 50% more for their steel, 50% more for their copper, 25% more for their Canadian production, 25% more for their Mexican production,…
NEW: "Each bed at the detention camp is expected to cost $245 a day — roughly the price of one night this week at the Intercontinental Miami hotel." Right now, Florida taxpayers are footing the bill. miamiherald.com/news/local/imm…
The current president of the United States accuses a previous president of sedition, and the response from the media world is largely a shrug, because it's just another Tuesday in terms of wild, baseless claims.
Trump: "This is like, proof. Irrefutable proof that Obama was seditious. That Obama was trying to lead a coup. And it was with Hillary Clinton, with all these other people. But Obama headed it up ... this is the biggest scandal in the history of our country."
Hershey is increasing their prices by 20% due to higher prices from tariffs. And take a wild guess who is paying for all of it?
Just got a White House note: "American Steelmakers Are Thriving Under President Trump." Meanwhile, Cleveland-Cliffs says it's ready to sell its recently-closed mills in Conshohocken and Steelton, Pa. and Riverdale, Ill., to data center developers manufacturingdive.com/news/cleveland…
More money, more workers, more robots: Korea's @Hanwha has big for @PhiladelphiaShipyard + more, if Jones Act stays, more workers sign up, and Navy contacts + big Trump incentives materialize. CEO David Kim makes his case in my @PhillyInquirer story: inquirer.com/business/hanwh…
"Science is the belief in the ignorance of experts." I wish this view were more widely appreciated.
Why are home prices falling so much in Texas and Florida?
Really wild how there are two housing markets now. If you live in the northeast or Midwest, prices are rising, everywhere around you. If you live in the south or west, prices are falling, everywhere around you. And if you live in Florida, the bottom’s falling out.
So under the GENIUS Act, your stablecoin is legally required to be backed 1:1 by U.S. Treasuries. But here’s the catch: You don’t earn the interest. The issuer does. You take the risk. They take the profit. Welcome to the future of fintech: Public risk, private gain.
Pay close attention to what David Sacks says towards the end.