1/9. There are many problems with this rule. Pruitt/Wheeler threw out EPA's own established procedures to short-circuit the science review: changes to the review process since 2017 undermined its quality, credibility, and integrity.
#EPA's status quo rule to leave its current ground-level ozone standard in place cleared #OIRA review yesterday after just two weeks. An agency announcement is coming this afternoon. #AirPollution pic.twitter.com/lIGAQBBgkL
— Sean Reilly (@SeanatGreenwire) December 23, 2020
More from Economy
https://t.co/fa3GX9VnW0
Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)
91 day TBills at 3.03%. Interest rates are even lower than RBI has them.
— Deepak Shenoy (@deepakshenoy) January 6, 2021
On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)
What do I mean, "fiddle with the exchange rate"?
In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"
RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)
First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.
Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)
The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM

The first thing to understand is that energy is not globally fungible. Electricity decays as it leaves its point of origin; it’s expensive to transport. There is a huge excess (hydro) in many areas.
Let's discuss the environmental cost of bitcoin. Because despite all the push for sustainable and green investment in the tech sector, there's a giant smoldering Chernobyl sitting at the heart of Silicon Valley which a lot of investors would prefer you remain quiet about. \U0001f9f5 (1/)
— Stephen Diehl (@smdiehl) January 17, 2021
In other words, it can also be variable. It's estimated that in Sichuan there is twice as much electricity produced as is needed during the rainy season. Indeed, there is seasonality to how Bitcoin mining works. You can see here:
Bitcoin EXPORTS energy in this scenario. Fun fact, most industrial nations would steer this excess capacity towards refining aluminum by melting bauxite ore, which is very energy intensive.
You wouldn't argue that we are producing *too much* electricity from renewables, right?
"But what about the carbon footprint! ITS HUGE!"
Many previous estimates have quite faulty methods and don't take into account the actual energy sources. Is it fair to put a GHG equivalent on hydro or solar power? That would seem a bit disingenuous, no?
Well that's exactly what some have done.
She echoes propaganda against Syria, Iran, and China and is silent about Venezuela, Nicaragua, etc
Far too much of the 'left' is into a joke version of "anti-imperialism" which denies state atrocities in the global south.
— Priyamvada Gopal (@PriyamvadaGopal) January 14, 2021
Anti-anti-imperialist Cambridge University Professor @PriyamvadaGopal smears opponents of the Western neocolonial war on Syria as "Assadists"
Would she ever call liberal imperialist Obama a "blood-soaked cretin"? He has exponentially more blood on
Let us be in no doubt: there is nothing anti-imperialist about supporting a blood-soaked cretin like Assad. https://t.co/nuzJE6xUy5?
— Priyamvada Gopal (@PriyamvadaGopal) February 21, 2018
The CIA spent over a billion dollars per year arming and training "rebels" who massacred and ethnically cleansed Syrian civilians, especially religious minorities.
But anti-anti-imperialist @PriyamvadaGopal insists these CIA-backed contras are
Deeming non-ISIS Syrian resistance CIA stooges: embarrassing, insulting and patronising
— Priyamvada Gopal (@PriyamvadaGopal) November 29, 2015
This was elite anti-anti-imperialist Cambridge University gatekeeper @PriyamvadaGopal's response right after colonial powers the US, UK, and France bombed Syria in April 2018 on bogus lies that have since been
Am truly glad that a lot of people are 'holding Syria in their thoughts' since last night. Was there a reason they weren't being 'held in your thoughts' since 2011 when Assad crushed a popular uprising and kept bombing his own people with Russian assistance?
— Priyamvada Gopal (@PriyamvadaGopal) April 14, 2018
Of course anti-anti-imperialist Cambridge Professor @PriyamvadaGopal's is also a supporter of the neoliberal imperialist European Union -- one of the key institutions of European necolonialism
Worth your realising that over this, over Syria, over Brexit, you are swiftly losing enthusiastic support we once offered you
— Priyamvada Gopal (@PriyamvadaGopal) November 9, 2016