Sign in

Erik Sherman

@eriksherman.bsky.social
263 followers 215 following 421 posts

Journalist covering business, tech, economics, finance, commercial real estate, legal/regulatory, and other things from my outpost in Western MA. Enjoy coffee, food, art, family, the dog (my boss), and other things like puns and dad jokes. Can get cranky.

PostsRepliesMedia
Erik Sherman @eriksherman.bsky.social · 10/10/2026
From me on Forbes: "Trump’s Announcement Of Russian Diesel Means Nothing" I went through the numbers, and they're a lot less than they sound, if they even happen. www.forbes.com/sites/eriksh...
forbes.com
Trump’s Announcement Of Russian Diesel Means Nothing
The vaunted possible, not guaranteed, volumes of incoming diesel are much smaller than it sounds, and won’t likely change the price at all.
000
Erik Sherman @eriksherman.bsky.social · 10/10/2026
"An Anthropic artificial intelligence model submitted a ​false homicide tip to a Philadelphia police website" — Reuters. The people running the company are utterly incompetent to have this sort of stuff happening. www.reuters.com/world/us/ant...
reuters.com
Anthropic discloses fake tip to police among new rogue AI incidents
It is the first known instance in which AI appears to have tried to communicate a bogus tip to authorities, despite instructions not to create accounts or submit anything destructive, while not explic...
000
Erik Sherman @eriksherman.bsky.social · 09/10/2026
"Tesla renames 'Full Self-Driving' to 'Assisted Driving' in Europe as it chases clearance for software" — Reuters In other words, admitting what it can and can't do. www.reuters.com/business/aut...
reuters.com
Tesla renames 'Full Self-Driving' to 'Assisted Driving' in Europe as it chases clearance for software
EV-maker Tesla has started calling ​its "Full Self-Driving" feature "Tesla Assisted Driving" on its European websites, dropping a name ‌regulators have said was misleading, as CEO Elon Musk pushes for...
021
Erik Sherman @eriksherman.bsky.social · 01/10/2026
From me on Forbes: The Scary Part About Anthropic’s IPO Doc That Gets Little Attention www.forbes.com/sites/eriksh...
forbes.com
The Scary Part About Anthropic’s IPO Doc That Gets Little Attention
Supposedly their products could end the world as we know it. So could OpenAI’s and whoever else’s. Pearl-clutching pronouncements miss a huge problem: management.
000
Erik Sherman @eriksherman.bsky.social · 18/09/2026
Why did a new type of cat suddenly appear in the wild? It was looking for a cardboard box.
001
Erik Sherman @eriksherman.bsky.social · 07/09/2026
Question. If people can say they like Jews but don't think Israel should exist, can they also say they like Germans, Italians, Canadians, Danes, English, and Spaniards, but insist that Germany, Italy, Canada, Denmark, England, and Spain shouldn't exist? Just wondering.
011
Erik Sherman @eriksherman.bsky.social · 02/09/2026
As Burning Man is supposedly dominated by those 50 and older, I propose that the name be changed to Burping Man.
010
Erik Sherman @eriksherman.bsky.social · 01/09/2026
From me on Forbes: "Median Home Prices Are Dropping While High‑End Sales Keep Skewing The Market" www.forbes.com/sites/eriksh...
forbes.com
Median Home Prices Are Dropping While High‑End Sales Keep Skewing The Market
Median home prices are falling faster than the average, revealing a widening split in the housing market as high‑end sales keep pulling overall prices upward.
000
Erik Sherman @eriksherman.bsky.social · 27/08/2026
Trump declares a national emergency to ban some foreign grid equipment. When was that next data center going to be installed again?
000
Erik Sherman @eriksherman.bsky.social · 24/08/2026
From me on Forbes: "Trump’s Approach To Dominating Other Countries Is Reshaping U.S. Economic Relationships" www.forbes.com/sites/eriksh...
forbes.com
Trump’s Approach To Dominating Other Countries Is Reshaping U.S. Economic Relationships
U.S. trade partners are responding to Trump’s aggressive foreign‑policy moves with tariffs and pushback, reshaping supply chains and economic ties.
000
Erik Sherman @eriksherman.bsky.social · 20/08/2026
Something from me on Forbes: "AI Funding Looks Increasingly Like Check Kiting" www.forbes.com/sites/eriksh...
forbes.com
AI Funding Looks Increasingly Like Check Kiting
What the companies are doing isn’t technically illegal, but it gets to the heart of why the old practice of check kiting is.
183
Erik Sherman @eriksherman.bsky.social · 18/08/2026
What's another year or two?
111
Erik Sherman @eriksherman.bsky.social · 16/08/2026
One of mine on Forbes: "The Trump Administration Has Hurt Small Investors By Weaker Safeguards" www.forbes.com/sites/eriksh...
forbes.com
The Trump Administration Has Hurt Small Investors By Weaker Safeguards
It includes reducing corporate reporting, letting companies ignore shareholder proposals, pushing risky investment categories, and pardoning convicted criminals.
001
Erik Sherman @eriksherman.bsky.social · 14/08/2026
"Trump says he will declare Strait of Hormuz a US territory" LOL, talk about a cross between a reality TV show and a bad sitcom. thehill.com/homenews/adm...
thehill.com
Trump says he will declare Strait of Hormuz a US territory
President Trump claimed during remarks on Long Island, N.Y., on Friday that he will make the Strait of Hormuz a U.S. territory, despite the fact that Oman and Iran share jurisdiction of the waterwa…
011
Erik Sherman @eriksherman.bsky.social · 05/08/2026
Spellchecker? I prefer spellnegotiator.
000
Erik Sherman @eriksherman.bsky.social · 02/08/2026
Suddenly, Trump calls off a new attack on Iran, saying "the perimeters of a deal had been agreed to" that would open the Strait of Hormuz and end Iran's nuclear threat. Why do I wonder that Iran might say something completely different?
000
Erik Sherman @eriksherman.bsky.social · 01/08/2026
Warsh tests idea of fewer Fed meetings. Because why let anyone know anything? (gift link) www.wsj.com/economy/cent...
wsj.com
Warsh Floats Fewer Fed Meetings
Meeting less than eight times a year would fit Chairman Kevin Warsh’s goal of drawing less attention to the central bank.
010
Erik Sherman @eriksherman.bsky.social · 31/07/2026
From me on Forbes: "Why The Fed Isn’t Going To Contain Real Inflation" www.forbes.com/sites/eriksh...
forbes.com
Why The Fed Isn’t Going To Contain Real Inflation
Kevin Warsh thinks it’s preferable to keep everyone in the dark to avoid undue influence, which only makes things worse.
000
Erik Sherman @eriksherman.bsky.social · 26/07/2026
From me on Forbes: "SpaceX Is $15 Away From A ‘Worthless’ AI Business Says Morgan Stanley" A slight drop in share prices would suggest investors saw next to no value in the Grok division. www.forbes.com/sites/eriksh...
forbes.com
SpaceX Is $15 Away From A ‘Worthless’ AI Business Says Morgan Stanley
Some analysts at the bank looked at the falling price of the stock and said it implies investors assign to SpaceXAI, the Grok chatbot division.
010
Erik Sherman @eriksherman.bsky.social · 17/07/2026
"GOP senator to introduce bill to sanction Canada over wildfire smoke" — The Hill Roll your eyes or laugh. There is no such thing as peak vacuity.
000
Reposted by Erik Sherman
Marc Elias @marcelias.bsky.social · 13/07/2026
🚨BREAKING: Idaho’s Republican attorney general’s office accused the Department of Justice of potentially violating state ethics rules by threatening the state’s top election official with a criminal prosecution while suing him for the state’s voter rolls. www.democracydocket.com/news-alerts/...
democracydocket.com
‘Stop threatening your friends’: Idaho fires back against Trump DOJ's threats over noncitizen voting
Idaho says DOJ should not have sent that letter directly to McGrane because the department knew he was represented by the state attorney general’s office in the pending lawsuit.
8228931089
Erik Sherman @eriksherman.bsky.social · 04/07/2026
I've read that Stalin coined the phrase American exceptionalism. OED says the first documented use was in the American-published Daily Worker, January 29, 1929. Possibly coined by German Marxists explaining why the US didn't have the expected degree of class conflict. Stalin did make use of it.
000
Erik Sherman @eriksherman.bsky.social · 04/07/2026
From me on Forbes: "Labor Markets? Energy Prices? Pay Attention To The Farmer’s Parable" www.forbes.com/sites/eriksh...
forbes.com
Labor Markets? Energy Prices? Pay Attention To The Farmer’s Parable
The old parable about how good and bad luck can be indistinguishable and mix in life is a good way to start understanding economics and the country.
000
Erik Sherman @eriksherman.bsky.social · 03/07/2026
"Venezuela earthquakes deepen rift between GOP hawks and Trump-backed regime" — The Hill How does any part of the GOP have any room for a rift. They all embraced Trump when they thought it meant power and victory. Y'all got what you asked for.
000
Erik Sherman @eriksherman.bsky.social · 22/06/2026
New from me on Forbes: "Forget Interest Rates. The Fed Just Turned Everything Upside Down" www.forbes.com/sites/eriksh...
forbes.com
Forget Interest Rates. The Fed Just Turned Everything Upside Down
Keeping the current fed funds interest rate pales in comparison to not knowing where things will be going and how anyone is going to keep score.
000
Erik Sherman @eriksherman.bsky.social · 14/06/2026
"An ancient Greek concept, sophrosyne – pronounced “suh-fros-uh-nee” – is what we might call “sound-mindedness” today. It’s a constellation of characteristics, including moderation, reflectiveness and self-knowledge." theconversation.com/why-sophrosy...
theconversation.com
Why sophrosyne, an ancient Greek virtue, matters more than ever in the age of AI
For the Greeks, sophrosyne was an ideal second to none. It’s just as important today, in an age of internet addiction and misinformation – but harder to come by.
010
Erik Sherman @eriksherman.bsky.social · 11/06/2026
From The Hill: "Pentagon on lockdown over air quality issue" They really need to cut down the hot air and airborne BS fumes.
010
Erik Sherman @eriksherman.bsky.social · 04/06/2026
Interesting view on the Pelley/60 Minutes/Bari Weiss/CBS/can someone please stop spinning the merry-go-round thing. lefsetz.com/wordpress/20...
lefsetz.com
Scott Pelley/60 Minutes
We’ve seen this movie before. Back in the nineties, with Bob Morgado and the Warner Music Group. A man with no expertise in music single-handedly destroyed the company. But it was even worse,…
000
Reposted by Erik Sherman
Rude Law Dog @esghound.com · 02/04/2026
Sun Microsystem CEO Scott McNealy's baseline of 10x revenues as the leap into froth seems quaint when you slap another zero on at the end. Good luck 🤞
Scott McNealy was the CEO of Sun Microsystems, one of the darlings of the dot com bubble. At its peak his stock hit valuation of ten-times revenues. A couple of years afterward he had this to say about that time:

At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don’t need any transparency. You don’t need any footnotes. What were you thinking?
1487
Erik Sherman @eriksherman.bsky.social · 26/05/2026
Any bets on how long it will take for an agreement that will see the Strait of Hormuz open again? Or how high inflation will rise and chance of a recession?
200
Erik Sherman @eriksherman.bsky.social · 24/05/2026
It's become clear that experience in certain levels of NYC real estate dealings is far from statecraft. In particular, learning to keep one's lips strategically sealed in public.
200
Erik Sherman @eriksherman.bsky.social · 09/05/2026
A writer is a thinker who has documented the results.
000
Erik Sherman @eriksherman.bsky.social · 06/05/2026
Something new from me on Forbes.com: "National Debt Is Now Bigger Than The Economy: What It Means" www.forbes.com/sites/eriksh...
forbes.com
National Debt Is Now Bigger Than The Economy: What It Means
If things continue on their path, the U.S. will drown in more debt than during WW II with nothing real to show for it other than a potential fiscal crisis.
000
Erik Sherman @eriksherman.bsky.social · 01/05/2026
From me on Forbes 70% Of Farmers Can’t Afford To Grow All Their Crops www.forbes.com/sites/eriksh...
forbes.com
70% Of Farmers Can’t Afford To Grow All Their Crops
That could mean a shortage of food, which would and drive up inflation. The problem would continue because now is the time planting needs to be done.
000
Erik Sherman @eriksherman.bsky.social · 28/04/2026
From the Hill: "Senate Republican on Trump ballroom push: ‘We have $39 trillion of debt’" Remember when Trump claimed private money was paying? Irony: Sen. Rick Scott, punted as Columbia/HCA CEO during the massive Medicare/Medicaid fraud investigation. thehill.com/homenews/sen...
thehill.com
Senate Republican on Trump ballroom push: ‘We have $39 trillion of debt’
Sen. Rick Scott (R-Fla.) is pushing back on a proposal to spend as much as $400 million in taxpayer money to build a 90,000-square-foot ballroom at the White House, arguing that Congress needs to r…
020
Erik Sherman @eriksherman.bsky.social · 25/04/2026
From me on Forbes: "Only A Third Of The Biggest AI Users Think Their Jobs Are Safe" www.forbes.com/sites/eriksh...
forbes.com
Only A Third Of The Biggest AI Users Think Their Jobs Are Safe
Everyone else has a dimmer view of how securely they feel about the future of their immediate employment.
000
Erik Sherman @eriksherman.bsky.social · 25/04/2026
Journalists should never have been attending self-celebratory events that included the people they covered. Doing so during this administration makes it more distasteful.
000
Erik Sherman @eriksherman.bsky.social · 12/04/2026
When you can't get another country to let ships through a channel, pretend you're the one running the blockade. Reality? Ships still can't get through. What a win.
000
Erik Sherman @eriksherman.bsky.social · 10/03/2026
Why is the word short longer than the word long?
110
Erik Sherman @eriksherman.bsky.social · 16/02/2026
Heritage Foundation's "election fraud" tactic: I looked at their database years ago and scoffed. Just looked again, a scary 1,620 cases of election fraud — over 43 years. That's just under 38 cases a year. Look at ineligible voting; it's a total of 382, or under 9 cases a year.
010
Erik Sherman @eriksherman.bsky.social · 07/02/2026
From me on GlobeSt.com: "How Big Is America's Housing Shortage? No One Agrees" www.globest.com/2026/02/06/h...
globest.com
How Big Is America's Housing Shortage? No One Agrees
From Zillow to McKinsey, estimates range from three million to 20 million and that confusion is stalling solutions.
000
Erik Sherman @eriksherman.bsky.social · 02/02/2026
Why would Trump announce the closure of the Kennedy Center for a two-year renovation? My three top guesses: 1. He wants to make it completely about him. 2. It gives an excuse for not hosting all the artists who refuse to perform or premier works there. 3. The Epstein Files.
000
Erik Sherman @eriksherman.bsky.social · 31/01/2026
12 years is almost never, I guess.
000
Erik Sherman @eriksherman.bsky.social · 29/01/2026
A first in my pretty long career. I had a query out for lawyers who have apartment real estate owners and could discuss a new letter out of HUD giving 30 days for many providers to prove tenant eligibility. A PR firm for a legal document firm sends a response. 1/X
101
Erik Sherman @eriksherman.bsky.social · 24/01/2026
What percentage of Minneapolis does the Trump administration think it should kill before it is satisfied?
000
Erik Sherman @eriksherman.bsky.social · 20/01/2026
Sometimes stumbling across something unexpected can send you down a rabbit hole, or even a vampire’s grave. A new post on my Substack newsletter. eriksherman.substack.com/p/some-off-b...
eriksherman.substack.com
Some Off-Beat Questions About Being a Vampire
Sometimes a short video clip can send one’s mind into strange places.
000
Erik Sherman @eriksherman.bsky.social · 19/01/2026
One of mine on Forbes: "Trump Tariff Pressures Europe Over Greenland With US Taxpayers To Pay" And, apparently, it comes down to self-admitted psychological needs and the lack of getting the Nobel Peace Prize. www.forbes.com/sites/eriksh...
forbes.com
Trump Tariff Pressures Europe Over Greenland With US Taxpayers To Pay
And in cosmic irony, reportedly the push to take Greenland, whether by purchase or potentially by force, was because Trump wasn’t awarded the Nobel Peace Prize.
000
Erik Sherman @eriksherman.bsky.social · 09/01/2026
Something of mine on Forbes online: www.forbes.com/sites/eriksh...
forbes.com
The Jobs Report Didn’t Improve People’s Real Affordability Crisis
The economy is supposed to be doing well according to some observers. Tell that to the majority of the county that can’t keep up with inflation, tariffs, and job stress.
010
Reposted by Erik Sherman
samuel mehr @mehr.nz · 05/01/2026
somebody at UChicago is feeding preprints to LLMs without authors' consent, in a research study they have the gall to suggest to authors they've opted-in that they volunteer to evaluate the LLMs' suggestions regarding their own work. lol, lmao even. here is the invite and my reply
Dear Author,

      I am Honglin Bao (www.hbao.info), a data science PhD student in Knowledge Lab (https://knowledgelab.org/) at the University of Chicago, working on a study about “The Capabilities and Potential of AI for Automating Scientific Idealization: A Large-Scale Human-in-the-Loop Study” (under UChicago IRB25-1372). As AI plays an increasingly significant role in scientific discovery, this project aims to evaluate how far AI helps scientists extend their work in new directions – or if it is not useful in this regard. This is a research project – it has no commercial purpose. I will share the final draft, technical details, and aggregate results from scientists once the study is complete.     
      We came across your preprint "Principles of music perception" and applied custom AI models on it in accordance with the terms of the preprint license, which generated five new extensions (i.e., ideas proposed by AI based on the same context as your paper). Our pilot study of 400 scientists (excluding you) indicates that around 60% found at least one of the proposed extensions thought-provoking and actionable. However, the remaining reported that AI only generates seemingly plausible but vague sentences.
      We solicit your help in evaluating whether you think AI is useful or not, since we believe you are the best judge of new ideas proposed from your own paper. No matter where you stand regarding AI and science: From principally believing that AI is prone to producing fake and morally problematic science to finding it useful, or something in between, we hope to receive evaluations that reflect a spectrum of views.
      The AI-proposed extensions are included in the survey link below. If you consent to review them and participate in the survey, we would appreciate it if you could do so within the next 14 days (it will take you < 10mins). If you do not consent, we will not use your research in this study. If you find these ideas valuable, you are welcome to purs…Please remove my data from your study. I want nothing to do with this — and I would also point out that if you had done appropriate background work in the selection of articles you fed to the plagiarism machine, you would have found that the preprint of mine you used is way out of date and has been updated substantially since it was first posted.

———
Samuel Mehr
School of Psychology, University of Auckland
and Child Study Center, Yale University
Be a citizen scientist at themusiclab.org!
321242382
Erik Sherman @eriksherman.bsky.social · 06/01/2026
The combination of evil, selfishness, a bully's nature, and unfathomable stupidity is a bad combination. "Stephen Miller: ‘Nobody’s going to fight the United States militarily’ over Greenland" thehill.com/homenews/adm...
thehill.com
000