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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
CNN's Chris Cuomo: "Please, show me where it says protesters are supposed to be polite and peaceful."
CNN's Chris Cuomo: "Please, show me where it says protesters are supposed to be polite and peaceful."
— Steve Guest (@SteveGuest) June 3, 2020
As riots and looting have broken out in cities across the country, this is the message the brother of New York governor Andrew Cuomo shares at the top of his show. pic.twitter.com/ZZ47zpyVlx
Maxine Waters has openly encouraged the harassment and stalking of Trump supporters and GOP politicians
“Maxine Waters encourages supporters to harass Trump administration
Ayanna Presley of the squad weighed in on the violent BLM riots.
“Ayanna Pressley calls for 'unrest in the streets' over Trump-allied politicians ignoring Americans'
Nancy Pelosi Called for 'Uprisings' Against the Trump Administration
Talk about encouraging sedition and insurrection.
When a leftist mob assailed the Supreme Court, pounding on the doors, MSNBC called it an “extraordinary moment” and praised the crowd, “besieging the Supreme Court” and “confronting
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.
This thread has arguments to help ditch WA & move to @signalapp:
https://t.co/En4fe9VxUN
Share, use, copy-paste, modify with understanding as you deem fit on any platform in whole or part
1/n
Note: No affiliations, conflict of interest
Info presented with NO bias, prejudice, malice or indemnity.
Open to corrections: individual tweets may be deleted, tweets added to thread or corrected as replies.
Points that are unclear or uncertain are marked with "(?)".
2/n
CONTENT OF WA MESSAGES SHALL REMAIN ENCRYPTED END TO END.
BUT, there's data: contacts, group affiliations, co-affiliations, locations (live?), frequency of contacts, *tags* generated when we send or forward a message or file to contacts or groups, links, clicks on links, etc.
3/n
It is unclear whether this data is anonymized.
NOTHING in latest policy *prevents* the collection, retention, sharing or sale by FaceBook (FB: owner of WA) of this data in part or whole whether with identifying information or anonymized.
Meme source:
https://t.co/nMDTUlb0rl
4/n
Now that #WhatsApp have updated their terms, forcing users to share their data with #Facebook, here's our suggested update to that notification you see at the top of your chats.#WhatsappNewPolicy #WhatsappPrivacy pic.twitter.com/FjxFGBm6Q8
— Privacy International (@privacyint) January 7, 2021
Companies need to make money & generate profits:
To create software, install & maintain infrastructure.
Google, FB, Insta, Amazon etc sell data created from our content & data generated from our interactions (searches, clicks, purchases etc).
This makes many uncomfortable.
5/n
Lets cut the crap: many of you on this app are not okay.
It has been a bad 10 months, & while some cracked earlier, some of you are starting to crack down recently & it's time we talk about it.
1/
First thing's first: it's okay to not be okay.
We have all suffered the lockdowns, economic turmoil & worldwide events in different ways.
Nobody can say that they had a perfect year.
2/
Before going into why I think many of you are not okay, here are a few things we can physically change to make it better:
- Move more & do exercise
- Proactively get more sun & fresh air
- Unfat yourself
Mind is body, body is
I'm certain there is a positive correlation between being hyper online & mental unwellness.
— \U0001f1ea\U0001f1f8 benjamingeorge.substack.com \U0001f1ea\U0001f1f8 (@BGZeroTwoOne) January 9, 2021
For the last year people have been moving less, getting less fresh air & sun, doing less fun activities.
If you can't leave your house, log off more often to keep your wellness in check. https://t.co/jGkpW9DSVu
Now, to the Twitter part. Many of you are so far down a rabbit hole that only does you harm the only reason you aren't coming out of it is due to the sunk-costs fallacy.
You have invested so much time going through a specific road your ego won't let you pause & go back.
4/
You've followed people for so long you do not want to unfollow or mute.
People you like & have followed for ages who do not have your best interests in mind.
All they do is purposefully make you upset & rile you up.
All they do is groom you. Because u "wanna stay informed"
5/
Including highly decorated ex-members of the military.
The double wrist ties, tasers, discarded weapons all show an intention to go much further than they got
BREAKING I can now confirm Male #2 w/ restraints is highly decorated combat vet & @AF_Academy graduate Lt. Colonel. Ret. Larry Brock of Texas.
— John Scott-Railton (@jsrailton) January 9, 2021
Releasing his name now after 24h of collaboration w/@RonanFarrow & his investigations team to confirm.https://t.co/nog9HI7DzX pic.twitter.com/ClHImsFucM
Seems so ordinary, becoming Lieutenant Commander Brock in the US Airforce ...yet the conversion from the ordinary into the extremist will make a fascinating study for psychologists @RichardBentall
His claim that he picked up the wrist ties “someone” had dropped so he could hand them into police is laughable.
And when you think about it rather cowardly. Can’t even take responsibility for what he has done.
Who else were involved in the planning? Which mates of his?
The attention to detail in making the links is impressive.
There’s going to be a lot more doors knocked in in the next few weeks.
How high and how deep into the Trump establishment does it go.?
H/T @k8tshires for this summary from CNN
If the people involved in this insurrection succeeded where would the establishment face of the movement be?
I suspect not making the denouncements they are now that it
https://t.co/5tBWUkM58M
https://t.co/SBQIhgUKz5
Is that a giant axe? WTF.
https://t.co/xxuPvSqyc2