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The International Monetary Fund (IMF) is analyzing damage due to COVID and projecting further severe consequences if current policies persist. They state “despite involving short term economic costs, lockdowns may lead to faster economic recovery by containing the virus”

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Note: This report doesn’t do a dynamic analysis that makes things much clearer, but it does a thoughtful statistical analysis based upon increasingly available data.

https://t.co/5Xmt8y7lCL

A few more quotes:

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“The analysis also finds that lockdowns are powerful instruments to reduce infections, especially when they are introduced early in a country’s epidemic and when they are sufficiently stringent.”

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“lockdowns become progressively more effective in reducing COVID-19 cases when they become sufficiently stringent. Mild lockdowns appear instead ineffective at curbing infections.”

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“The results suggest that to achieve a given reduction in infections, policymakers may want to opt for stringent lockdowns over a shorter period rather than prolonged mild lockdowns...

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The closest comics has to games industry-style "crunch," IMO, is SUPER low work-for-hire pay on licensed titles that can damn well afford to do better. But I rarely see that kind of work breaking people the way game production does.

Comics is just incredibly poor, is the issue.


Despite huge growth the last 10 years, doubling & re-doubling in size, we're still 1/10th the size of prose publishing. And despite the occasional announcement of multi-book, 6-figure deals, that's still beyond rare in the scene. A LOT of people wash out of comics due to poverty.

I'm 41 now, and I've see the process in friends/acquaintances. Cartoonists look up and around at age 35 or so, and realize what they make won't buy them a house, or let them afford a car or the children they want. So, they become storyboarders, or illustrators, or something else.

And frankly, maybe that's the smartest choice, depending on who you are. Comics is kind of weirdly labor-intensive with a lower monetary return on time investment that nearly any other storytelling medium.

To quote a Skinnee J, you does this cuz you loves this.

(But that doesn't stop some folks from being convinced, against all evidence, that comics will make them rich, somehow.

I dunno, maybe it will? MAYBE? But probably not.)
What if Biden is actually good at this and Twitter, whose cognoscenti insisted for the entire primary that he wasn't, is actually bad at this?

Just a thought.


Biden's extraordinary polling strength, which by the way predates the coronavirus outbreak, is as much a repudiation of the political elite's collective wisdom as Trump's victory was. We should be talking more about why the elites keeping getting the electorate completely wrong.


Here's one obvious reason this keeps happening: A constant overemphasis on the votes and issues of the young, who don't typically vote, and an disinterest in the votes of seniors, who are most likely to vote. Trump won them in 2016. Biden is winning them in 2020. Take note!


Old folks are not on Twitter. They don't drive the social media conversation. Most campaign reporters are young, and naturally gravitate towards the issues of their generation. But this leads to reporting that doesn't align with the driving concerns of much of the electorate.


This is convenient, but wrong. Biden has been polling this well against Trump since late 2019. Other Democratic candidates like Warren and even Bernie (who polled pretty well) did not. This difference requires explanation if we are being honest and not projecting our preferences.
While I’m surprised to see someone who slapped his name on a Chicago skyscraper say ‘Illinois has no place to go,’ I want to offer @realDonaldTrump five exciting places to go in the great state of Illinois.


First thing's first, enjoy a Chicago classic at the one and only @TheWienerCircle. They have real hot dogs and real talk — all for the price of one.


If you want to get out of town, take the @Amtrak from Union Station all the way to Quincy, Alton or Carbondale. You might even run into @JoeBiden, who actually rides @Amtrak.

Things don’t seem to be going your way so you may need to scream into a canyon, Starved Rock State Park has more than 13 miles of trail that are open all year long. https://t.co/EaSIggAqjB


Looking for what real presidential leadership looks like? Visit our capital city of Springfield to see Honest Abe’s home, an adjective that will never be used to describe you.
For reference, multinationals (almost entirely US-based) typically use the “Green Jersey” tax evasion tactic, utilising Ireland and Jersey/Cayman, etc to avoid paying taxes in the US.

These tax avoidance techniques result in effective tax rates of ~0-2.5% https://t.co/R433UuKInX


MNCs have been a bright spot in a faltering domestic economy during Covid lockdowns. They’ve provided a much-needed, reliable source of inflows as other streams have dried up.

However, we’re not 12 years old, so let’s have a deeper dive, as this is not showing the full picture.


Leo and his ilk will try to lightswitch-brain you into thinking that raising taxes on MNCs will drive them away. You should be grateful!

In reality, largest threat is from US and EU tax reform. Take Biden’s tax reform proposals, which targets US MNC offshoring/“GILTI” profits


GILTI, or Global Intangible Low-Taxed Income utilities “Base Erosion” or “BEPS” to lower the taxable profit in the United States by shifting ownership of US IP into Irish tax jurisdictions.

I would wager targeting these techniques is popular on both sides of the isle in America.

This represents a significant geo-political and economic risk for Ireland. At any moment, any change, whether intentional or accidental can change the incentive structures for US MNCs, resulting in these companies pulling billions of IP from Ireland over night.