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Daniela Gabor
@DanielaGabor 3 years, 5 months ago 371 views

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bankers against Biden's fiscal plan could really do with some proper fact-checking before sending their op-ed to the FT.

We all understand 'it's ideology, stupid!', but no excuse for lazy arguments.

apparently, the Gospel according to Morgan Stanley is that we havent had enough neoliberalism for the past 4 decades

if you click on BIS link, it tells you monetary policy, not higher deficits, are associated with wealth inequality.

Incidentally, unconventional monetary policy through which central banks basically rescued banks after they nearly destroyed the global financial system in 2008

speaking of government spending, who else but Morgan Stanley got $10 billion in equity investments from US Treasury in 2008?

I cant think of a more productivity-enhancing outlay for 10bn of public funds.

the OECD 'evidence' that 'four straight decades of growing government intervention in the economy have led to slowing productivity growth' is also, excuse my language, a lot of bullshit.

if anything, there is stronger evidence that monetary policy is more important for explaining some of the productivity puzzle.

to blame government spending, instead of the Morgan Stanleys of this world, for monetary policy is, let's say, a bit rich

I really like that someone high-up in Morgan Stanley can write about the 'low interest rate elite'

it's on par with Erdogan's 'high-interest rate cabal'

the OECD 'evidence' again, two paragraphs lower!

'my team cannot prove causality, and I wont even link to the study proving correlation, but it must be true because I am a serious person making substantive arguments backed by strong evidence'

the average person understands that some bankers do get a free lunch, and munch on it while penning underwhelming op-eds.

I for one am all for Biden taking it away. Or better, redistribute it to some migrant workers breaking their back for $10 an hour.

More from Biden

Indore Wale Bhiya
@IndoreWaleBhiya

0. Impact of Biden as the President of the US on India and how the game is being played to weaken Modi ji. The crux of my long discussion with a Doctoral student of American studies: The thread

1.Trump was ousted by the CIA through the rigged elections because he was bringing in too much of world peace. He waged ZERO wars, improved the relationship between Islamic countries and Israel. He offered a truce to North Korea. But American system didn't like it

2a. As the American system runs on the basis of War Industry which Eisenhower categorically mentioned the existence of a “military-industrial complex” that dominates the decision making in Washington, irrespective of whoever becomes the President, in his farewell speech

2b. : Ref:

3. Hence Trump was ousted. Since even after leaving the office as a former President he is too powerful a person because of the knowledge and information he has now, they will ensure that he is harassed to the point that he either goes mad or dies under mysterious circumstances

David Frum
@davidfrum

I got overnight via email a query from @briansflood at Fox News, the principal part of which I reproduce below. I answered by email too. I'll append that reply in the next threaded tweet:

Hunter Biden's dubious business activities have been reported for years. Here for example is @TheAtlantic in September 2019, year *before* @nypost https://t.co/qZBTpyuysM

That emails attributed to Hunter Biden were circulating was also known well before the NYPost story in October. Here's TIME magazine https://t.co/JvpEKdG0U4

What @NYPost added to the work earlier done by others was a new *origin* story for the materials that circulated in Ukraine in 2019. When other media organizations attempted to corroborate that story, hijinx ensued. https://t.co/ZJGZWq7etU @thedailybeast account

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Jacob Reynolds
@jacobreynolds

A tentative thread on the Biden speech

Adam Curtis once leaned heavily on the book 'Everything was forever, until it was no more' by Alexei Yurchak - a slightly odd book about the way that language in the Soviet Union slowly degraded.

Instead of confronting reality, the job of propagandists, indeed of all official discourse, was to stitch together a series of recognisable banalities.

Ideas that once were essential parts of the concrete social project of the Soviet Union - building a worker's state - were now invoked in whatever context needed.

Thus, you could praise the 'trenchant labour of the workers' when discussing the publication of a new edition of technical guidelines for building tractors.

The incredible brittleness of this cut-and-paste discourse meant that no-one in the Soviet Union was able to process, let alone alter, the decay of the Union and its increasingly unstable economic system.

$\U0001f1e7\U0001f1e7 Ethereal Bisexual Chanda Prescod-Weinstein$

🇧🇧 Ethereal Bisexual C...
@IBJIYONGI

Biden was like my 5th pick in the primaries, he’s a moderate where we needed a progressive, and it was also so much work and so hard to get even him. I hope everyone can take a few minutes today and appreciate the hard fought victory. Winning even a little is hard, but we did it.

Rather than be discouraged by a moderate President, now is a time to count our wins and plan for more of them, recognizing what can be achieved when we talk to our neighbors, when Black and Brown and East Asian and Indigenous folks are activated within a movement.

I hope also that ppl understand that by fighting like hell in Georgia, folks there not only dethroned Mitch McConnell but also handed Bernie Sanders chair of the Senate Budget Committee, and while I know many are disappointed he is not president there is so much he can do there.

I truly believe that if we do not learn to celebrate victories we will not be able to win.

For so many people, the general election was life or death. For folks whose family members feared being kidnapped off the streets, the folks on federal death row, the communities hit hardest by COVID 19 ... Biden is not a savior but many more people will live. That’s a victory.

Nash Across the 8th Di...
@Nash076

I'm leery as fuck about Biden but Jesus at this point it's fucking stunning to have someone without an overt psychological pathology as the President.

Like it's fucking weird to have someone who can devise policy and explain that policy and petition congress to make that policy into law and not just screaming that he's going to magically make another country pay for the racist border wall designed to keep them out.

It's been as much a blessing as a curse that most of the time Trump has had no fucking idea how to implement policies.

Remember that shit he was doing with the Census? He fucked it up because he just declared something and left it to others to figure out how. It's not happening.

But then you had the times when Trump was like "Make the brown people stop" and he threw Stephen Miller at it and we end up with kids in cages and troops on the Mexican border with vague orders to maybe start shooting people.

It's been this constant farce of horrors.

The "trade war" with China, what the fuck was that?

Place tariffs and demand negotiation.

Wait, no, they implement their own tariffs. MORE TARIFFS THEN.

Shit they still aren't negotiating and now to keep the farmers from revolting we did a socialism shit fuck shit

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$Gal Gur \U0001f1ee\U0001f1f1$

Gal Gur 🇮🇱...
@GalGur_

1/
Hello, my name is Gal,
I am an Israeli citizen, and I want to convey this urgent message to the world: Contrary to what you are told, Israel has not "returned to normal" in any way >>

2/ Moreover, despite the desire to create a setting as if there was a full and normal routine here - the Israeli Ministry of Health JUST RECOMMENDED TODAY TO EXTENT THE DECLARATION OF A “STATE OF EMERGENCY” in Israel >>

3/ to which is the foundation for coercion, violation of basic rights, severe discrimination under a "green mark (pass)", prolonged closure (Of about 5 months overall) and a lot of undemocratic and not “routine" restrictions. >

4/ If the situation in Israel had "returned to routine thanks to the astounding success of vaccines" then the "state of emergency" would not have continued.

5/ In fact, since the beginning of the "vaccination project" there has been only more intimidation and in many ways - even though the closure has been lifted, much more coercion.

Jaya_Upadhyaya
@Jayalko1

ARULMIGU SRI PARTHASARATHY SWAMY KSHETRAM, CHENNAI (TN)

Divya Desha where Perumal appears with moustache of a Sarathi (charioteer) to conduct Arjun’s Rath in Kurukshetra war.
Here, Venkatkrishna-Parthasarthy is present with his entire family.

He is flanked by Sri Rukmini, Sri Balarama, Satyaki, son Pradyumn and grandson Anirudha.
It is said that on the request of Raja Sumathirajan, Sri Perumal appeared and stayed here as Arjun’s charioteer (Partha-sarathi).

He is without chakra as he had promised not to wield weapons in Mahabharata war.
The face has scars caused by Bhishma’s arrows on Arjun. Prabhu took the arrows on himself to protect Arjun.

The Naivedyam offered here does not have spices. Ghee is used in it to cure Prabhu’s wounds. Sarkarai Pongal is famous here.

It is said that Rishi Bhrigu found Devi Lakshmi (as Vedvalli) in Alli flower in the mandir pushkarini. Later, Sri Ranganatha came here to marry her.

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Steve Stewart-Williams
@SteveStuWill

THREAD: 12 Things Everyone Should Know About IQ

1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE

2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n

3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)

4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3

5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)

Vikrant
@Trading0secrets

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SK
@sk_diary1

Andhakasuravadha Samharamurti -#story #Thread
Sculpture of Bhagwan Shiva as the destroyer of the Asura Andhaka - Cave 29,Ellora caves

Asura Andhaka hangs on to a trishula held by 6-armed Shiva.

Once Parvathi & Shiva were relaxing in the pleasant gardens of Mount Mandhara.

Bhagwan Shiva sat down there to enjoy the happiness.Parvati closed the eyes of Shiva playfully & darkness covered the whole universe.Parvati was perplexed & her palms were wet with perspiration.A few drops of her sweat mixed with sweat from Shiva’s body& fell to the ground.

From this sweat,a fierce creature was born,it started to roar.Child was born blind as Shiva's eyes were closed so was named as Andaka.Andha means darkness&also ignorance.Around the same time Asura Hiranyaksha was performing rigorous tapas Shiva for a boon of powerful son.

Bhagwan Shiva was pleased by tapas of Hiranyaksha & blessed him with darshan.Hiranyaksha asked for a powerful son,Shiva told him that he cannot have his own son,but can adopt a blind child who would become very powerful later.Shiva gave child Andaka to Hiranyaksha.

Hiranyaksha returned to his kingdom with Andaka.Later after the vadh of Hiranyaksha, Andaka is said to have lived with his cousins.He was ridiculed,so dejected Andaka went to forest.He did severe tapas for over many years towards Brahma Dev. Brahma dev appeared before him.