The crisis in the NHS is overwhelming this week. It has reminded me of conversations I had with my late father on how to manage within the state sector. I think they're worth sharing.
More from Richard Murphy
For those who don’t want to read a long Twitter thread there is a blog version here. https://t.co/AuTdAr1f1n if you want a summary of the whole thread it’s this: the neoliberal thinking that all our main political parties subscribe to is now bankrupt. We need something new now.
Sunak faced a challenge this week. A winning Chancellor has to decide how to secure the support their party needs to win elections. In that case there will always be winners and losers in a budget. So Sunak had to make decisions.
However, it’s fair to say that decisions are always constrained. No budget has, I suspect, ever delivered precisely the policies any Chancellor has really wanted. That’s because all politicians are fantasists and reality has to be addressed as well in any budget.
The overwhelming realities that Sunak needed to address yesterday were really not hard to spot. First, there was the real economic chaos created by shortages in the economy. These are the result of Covid, Brexit and now war, but which heavily pre-dated the last.
More from Government
CJI: our intention is to see if we can bring about an amicable resolution to the problem. That is why we asked you why don't you put the #FarmBills on hold. You want time for negotiation. If there is some sense of responsibility showing that you will not implement the laws
— Bar & Bench (@barandbench) January 11, 2021
So a committee of 'wise men/women' selected by the SC will stand in judgement over the law passed by
CJI: .....then we can form a committee with ICAR members to look into this. Till then you can continue to put the law on hold. Why will you insist on continuing the law anyhow
— Bar & Bench (@barandbench) January 11, 2021
Here is the thing - a law can be stayed based on usual methods, it can be held unconstitutional based on violation of the Constitution. There is no shortcut to this based on the say so of even a large number of people, merely because they are loud.
AG Venugopal: none of the petitions point to any provision of three farm acts stating that it is unconstitutional
— Bar & Bench (@barandbench) January 11, 2021
CJI: we are not declaring it unconstitutional
AG: laws cannot be stayed. This is drastic
Tomorrow can all the income tax payers also gather up at whichever maidan and ask for repealing the income tax law? It hurts us and we can protest quite loudly.
How can a law be stayed or over-turned based on the nuisance value of the protestors? It is anarchy to allow that.
And it would definitely not selectively censor unfashionable opinions if it were run by a government bureaucracy.
Because public sector bodies only ever maximise The Common Good.
Could even call it The International Common Good Association, just to make sure
As Twitter is the virtual equivalent of a natural monopoly both left & right should agree that it needs to be nationalised as a public utility & subordinated & regulated as a public good but as it is a global phenomenon perhaps it could be governed by an international regulator?
— Phillip Blond (@Phillip_Blond) January 9, 2021
"I don't like the fact that Twitter is so subservient to the woke elites. Let's create a massive state regulator, so that the woke elites, which have a stranglehold on most institutions... oh no, wait..."
(I mean, he's not entirely wrong. His solution may be rubbish, but there is an issue here. Twitter really does have a substantial amount of market power.
Still: There are people who I just will not ever side with, even when they have a point. And that includes Communitarians.)
As far as I can see, there are no good solutions here.
5 years ago, I would have said "Lol, Twitter is just a private company, like any other. The Guardian wouldn't publish anything by me, but that's not "censorship". They're just not letting me use their platform."
However...
...Twitter really does benefit from substantial network effects. We are on Twitter, because everyone else is also on Twitter. You can set up a rival platform, but that would be like being the only person who has a telephone: not very useful, because there's no one you can call.
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What a weekend celebrating makers looks like.
A thread
👇Read on
Let's start with a crazy view of what @ProductHunt looked like on Sunday
Download image and upload
A top 7 with:
https://t.co/6gBjO6jXtB @Booligoosh
https://t.co/fwfKbQha57 @stephsmithio
https://t.co/LsSRNV9Jrf @anthilemoon
https://t.co/Fts7T8Un5M @J_Tabansi
Spotify Ctrl @shahroozme
https://t.co/37EoJAXEeG @kossnocorp
https://t.co/fMawYGlnro
If you want some top picks, see @deadcoder0904's thread,
We were going to have a go at doing this, but he nailed it.
It also comes with voting links 🖐so go do your
#24hrsstartup was an amazing event
— Akshay Kadam(A2K) \U0001f47b (@deadcoder0904) November 19, 2018
I never went to a hackathon but this just felt like one even though I was just watching \U0001f440
Everyone did great but there were a few startups that I personally loved \U0001f496
Some of my favorites are in the thread below\U0001f447
Over the following days the 24hr startup crew had more than their fair share of launches
Lots of variety: web, bots, extensions and even native apps
eg. @jordibruin with
\U0001f3a8\U0001f3c3\u200d\u2640\ufe0f DrawRun just launched on Product Hunt! Idea to App Store to Product Hunt in 68 hours!\u2070\u2070https://t.co/mxnLZ8FRSu
— Jordi Bruin (@jordibruin) November 20, 2018
Thanks for the motivation @thepatwalls @arminulrich @_feloidea
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020
For three years I have wanted to write an article on moral panics. I have collected anecdotes and similarities between today\u2019s moral panic and those of the past - particularly the Satanic Panic of the 80s.
— Ashe Schow (@AsheSchow) September 29, 2018
This is my finished product: https://t.co/otcM1uuUDk
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.