F*cking hell indeed
F*cking hell indeed
The one thing I'll add to this is that you will also have to get very aggressive and strategic in the use of public money for the transition, along with the whole arsenal of legislative & regulatory tools, and market the shit out of what you're doing to the public.
Even though I'm an economist, I wish there was more focus on the human suffering from this war and less focus on the economic consequences. Hundreds of little girls are dead, and we're worried about oil prices.
Imagine if the G7 invested as much in preserving labor supply as they do in oil reserves. #jobguarantee
Sounds desperate
I'm not even sure such a policy would need much change in tax policy to manage any inflationary aggregate demand effects - may depend on how much offset there is from the displaced insurance sector and other factors like better negotiated prices?
Finance thought they would get lots of deregulation goodies that would magically boost markets.
When pressed, that's all that I could glean from the early optimism.
What's most striking to me here is that "big ideas" isn't focused on the provision of public services/goods.
We can't tax-cut our way to provisioning a care-based economy.
Raising disposable incomes to offset out-of-control "markets" in health, housing, childcare etc is a fools errand.
βEXCLUSIVE: Iβm the Palestinian Who Has Been in ICE Detention for Almost a Yearβ
Writing for Zeteo from inside of prison on International Womenβs Day, Leqaa Kordia asks us not to forget the female detainees being held and mistreated in ICE detention camps.
teewatterss on Threads: βlosing an hour on international women's day feeling very 75 cents on the dollarβ
10/10 take. no notes
"What if a city established a public bank and that public bank regularly purchased the cityβs debt? Such a mechanism would liberate the cityβs munis from private bond markets and punishing rating agencies, while expanding the cityβs fiscal capacity beyond projected tax revenues."
In a scathing review, the top US medical journal's editorial board warned that the "destruction that Kennedy has wrought in 1 in office might take generations to repair."
The Apprentice goes global.
"π you're bombed!"
Gaurab Chakrabarti @Gaurab The Strait of Hormuz has been closed for 8 days. Everyone thinks this is about oil. This is about what oil becomes. 92% of the world's sulfur comes from refining oil and gas. Close the Strait of Hormuz and you don't just lose 20 million barrels of crude per day. You lose the feedstock for sulfuric acid, the single most produced chemical on Earth. Sulfuric acid is how we extract copper. It's how we extract cobalt. Without it, you can't make transformers, EV batteries, or the substrates inside every data center on the planet. One chemical, made from one feedstock, shipped through one chokepoint. The cascade goes further: Qatar ships 30% of Taiwan's liquefied natural gas through Hormuz. Taiwan has 11 days of reserves left. TSMC, the company that makes 90% of the world's advanced chips, draws 8.9% of Taiwan's total electricity. No gas, no power, no chips. Then food. 33% of the world's nitrogen fertilizer feedstock moves through the Strait. Half of all humans alive today exist because of synthetic nitrogen. Sulfur, semiconductors, food. That makes three supply chains, one 21-nautical-mile chokepoint, and zero domestic alternatives at scale.
With alt text
An amazing tribute
π§ͺMarch is #WomensHistoryMonth
Today is #InternationalWomensDay
Some highlights of womenβs contribution in science.
Of note:
Kizzmekia Corbett was the scientific lead of the team that developed the Moderna COVID-19 mRNA vaccine.
@jackiebrenner on IG
#Pinks
Remember when Enemy of the State was futuristic?
Fossil fuel giant wins $370 million tax break for burning gas as an βalternative fuelβ The IRS ruling appears to allow one of the worldβs largest exporters of natural gas to claim its heavily polluting tankers are low-emissions βmotorboats.β
I cannot ever stop tearing my hair out about climate activists being labelled 'unrealistic' when the fossil fuel business bros persistently do shit like this
www.washingtonpost.com/business/202...
I went through and added up the total paid rents through our adopt-a-rent program, and it is 329 families for $463,217. All peer-to-peer, no fundraising. Just neighbors helping each other out.
If you want to adopt a family, and can afford to give $500 or more, signal me at asiniiwiikwe.72
Making my way through the amicus briefs filed in support of respondents in Trump v. Barbara and more than 10 of them address the risk of statelessness in a fairly significant way. Many others at least mention it in passing. A thread on the most significant arguments re: statelessness 1/
Iβm transgender, I live in Kansas, if you want to help rn donate to either the ACLU of Kansas or the ACE foundation in Wichita - the ACE foundation especially is the organization that will help people with money for groceries, rent, etc. More orgs also included in attached img
acefoundationict.org
Very well said mate, from a fellow immigrant.
Itβs not just Medicaid funding theyβre withholding to MN. Itβs food assistance, child care assistance, social services, job training, safety testing, public health, disaster relief. SNAP. Free lunch for kids in school.
They hate us for loving our neighbors, and are collectively punishing us for it.
If youβre a climate/energy person, I will take your portrait pro bono.
One can hope it's changing, although the track record hasn't been stellar on this front
"[W]e know that Mamdani and company want to challenge these old dynamics. Why not take up some medium-term measures, and maybe champion longer-term transformations, that make this arcane debt service stuff a relic of the past?"
Worthwhile piece with creative ideas. (Municipal finance is so complex and arcane - and there are so many weird private profit loops built in) Send some greenbacker energy zohran's way
Exactly.
What is appropriated is funded. The economic question ultimately comes down to inflation management policies.
We can end the era of billionaires while designing a care-based.economy. It's just gonna be a long haul from where we are now.