BC ECONOMY
Saved by @Mollyycolllinss

Expect to see a lot more stories like this. But let's also use this to have a more sophisticated conversation about why the rising tide of cheaper, cleaner energy - like all prior energy transitions - doesn't necessarily lift all boats. Brief thread:

 1/ First to state the obvious: the domestic fossil fuel industry in the US wouldn't exist without massive subsidies. $650B/year according to the IMF. https://t.co/sZbnh1G5Qw
2/ That in turn means that the transition to cleaner, cheaper energy is delayed by those market distortions. Taking away the subsidies is smart economic and environmental policy. It is FANTASTIC that @POTUS is doing so.
3/ But it is paternalistic and naive to assume that workers in those displaced industries will have an easy transition. Knowing how to run an oil rig is a highly specialized, highly skilled job. Gaining that skill set takes time and is geographically specific
4/ The fact that there will be economic gains in other sectors doesn't imply that a 55 year old who planned to work for another 10 years can simply take a correspondence course in thin film deposition and move to the solar industry.
5/ Moreover, the transition from dirty to clean energy will - much like the transition from muscle- to fossil- power boost economic productivity. e.g., create more GDP per labor hour.
6/ That is also a great thing. But it is also disruptive to labor markets. Doubling labor productivity MIGHT mean you get paid twice as much. More typically, it means that half of your co-workers are now superfluous.
7/ To be clear, every wave of Schumpeterian disruption in the past has created more jobs than it destroyed as whole new industries were created and there is no reason to expect this to be different.
8/ But that point about general labor markets is not applicable to specific individuals. The automation of agriculture made our food cheaper and created whole new industries. But the 2nd half of Ma Joad's life was still a lot worse than the 1st.
9/ So let us all embrace and accelerate this transition to clean energy. But let's not hand-wave the pain away. Embrace the rising tide. Then take caution to help out those boats that aren't lifting. /fin

More from Economy

Soham Das, CFA
Soham Das, CFA
@sohamdas
On Jan 6, 2021, the always stellar Mr @deepakshenoy tweeted, this:

https://t.co/fa3GX9VnW0

Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)


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
ECONOMY
Tinashe M
Tinashe M
@baba_nyenyedzi
1/ 2017 vs 2020 Economics

Whatever the many reasons for the coup. The aftermath has been an economic disaster. This is instructive, since Mugabe was a monumental failure in Economics.

I wish to stick to economic facts &figures. I restrict myself exclusively to GOZ & RBZ stats

2/
To be fair to Mnangagwa, as President he is fed a lot of misinformation & politically convenient gibberish by those closest to him & security clusters bent on personal enrichment than national well being.

I say this, because some of the issues are too simple to understand.

3/
Mnangagwa can never commit harakiri ( Japanese suicide by cutting one’s belly) if facts & figures were honestly presented to him. Yet we saw Mugabe commit harakiri. He died a sad death while his lieutenants are now in power. Where the lieutenants honest to Mugabe...

4/
Chinamasa was Mugabe’s finance Minister. Was he frank & honest? If so why would he benefit from Mugabe’s ouster? The same is true of Mugabe’s bureaucracy. Most benefitted from the coup. So we ask if they were honest with him during his reign?

ED suffers the same problem

5/
On Wallstreet, CEO’s are not protected from their critics & independent research. Often they rely entirely on this research & seek it out in developing their strategy.

Once, Patterson Timba kicked out an analyst from his investor briefing. Forgetting strategy is in critique
ECONOMY
Advertisement
Rugilandavyi Barabona \U0001f1f9\U0001f1ff \U0001f1e7\U0001f1ee
Rugilandavyi Barabona ...
@rugilandavyi
‼️𝗦𝗖𝗔𝗠/𝗙𝗥𝗔𝗨𝗗/𝗖𝗢𝗡
So there is a self proclaimed successful business woman that started her business ventures at 15 y/o with $5 (=8000Tsh🤡) as per 2013 exchnange rate, now in 2020 she is 22 y/o and allegedly revenues millions of dollars from her many businesses


She claims to have had 25 businesses, yes 25 businesses but now only has 7 that are running successfully 24/7 earning her millions of dollars in revenue.

I have no doubt that she has been hustling with a lot but that does not legitimise any of those hustles as most were shady.

Call me a hater/jealous/poor/broke or whatever but I know a scammy business when I see one and my concern is not a personal matter against her but rather people who fall for the rags to riches story and therefore pay her for business mentoring/wealth management

The following are just few among many red flags about this person's businesses, I welcome any others to contribute in this thread however they want but just keep it respectful.

🚩 Stealing photos from the Internet and editing her name on them for her Ad campaigns, branding them as if they were her actual products and projects while they're not. You source most of her posts just by a Google image search . And they have nothing to do with her.
ECONOMY
The Recount
The Recount
@therecount
Last month, Texas resident Royce Peirce paid $387.70 to heat his two-story house. This month, he owes $8,162.73 — and counting.

Amid freezing temperatures and another looming winter storm, Texans are facing a second crisis: astronomical power

Why are these energy bills so high? You can thank Texas’s power grid for that.

The U.S. is divided into three grids: one covers the eastern states, another the western states, and then there’s the Texas grid, ERCOT, which covers nearly the entire state.

Now you might be wondering: Why does Texas have its own power grid?

If you’re familiar with the state’s history and public policy, you probably already know the answer. In short, Texas has its own grid to avoid dealing with the federal

What we’re witnessing now is a collapse of the state’s power grid.

Amid freezing temperatures, the imbalance between Texas’s staggering electricity demand and its limited supply caused prices to skyrocket from $20 per megawatt hour to $9,000 per megawatt hour — a 450% increase.

One wholesale power supplier, Griddy, made a surprising decision.

CEO Michael Fallquist told Griddy’s 29,000 customers to abandon his service and switch providers: “We want what’s right by our consumers, so we are encouraging them to
ECONOMY
DataRepublican on gab
DataRepublican on gab
@DataRepublican
Originally posted Jan 5th - https://t.co/Vim3JlOtlZ

FULTON CO.

We're looking at "book votes." That is, people who are marked as having voted in the voter rolls. This is how Floyd County was detected - you had an excess of voters in the book vs. what was recorded on machines.


Jan 5th I mapped the book votes visually at a precinct level and found curious correlations that bears public scrutiny.

Screencaps are not from a public site, but underlying data given is real, public, and verifiable.

We'll be taking a precinct-by-precinct look at Fulton county excess votes. Excess meaning more recorded votes than book.

Fulton has 10K+ excess votes. This has been blamed on stale record keeping. At a precinct level, there are 14700 "excess" votes and 3900 "missing" votes.

This is a precinct map of Fulton County. There'll be a lot of data, so refer to these maps over and over until you understand. Here, the red and yellow/orange areas are where the most excess votes are (by ratio).


And for background context - this is a map showing where Trump votes are. This is a *relative* coloring not an absolute coloring (otherwise it'd be all blue). Fulton is strongly Democratic so the red areas are actually like 55% Trump at best whereas the blue areas are <5% Trump.
ECONOMY

You May Also Like

Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI LALITHAMBIGAI, THIRUMEYACHUR (TN)
#bharatmandir #navratri2021

Kshetram where Shiva is worshipped as Meghanatha and his consort is Lalithambigai seen in Abhay mudra.
Once, a demon Pandasura was harassing the Devas who went to Devi Parashakti for protection. 
@GunduHuDuGa


Devi rose from a Yaga Gunda, mounted on the Sri Chakra Rath with the name Lalithambika, waged a war against Pandasura and destroyed him.  When her fury did not subside, Shiva asked her to go to Earth, assume the name Manonmani, perform penance and shed her fury.


Shiva blessed Devi to be Shanta nayagi. There is a sculpture here depicting Shiva pacifying Devi. If you observe closely, you can see that from your left hand side there will be a smile on Her face and if you see from your right hand side you can see anger in Her face.


Hayagriva taught the greatness of Lalitha Sahasranama to Rishi Agasthya. Pleased with his devotion, Ma Lalithambikai appeared before Agastya. He is believed to have then sung Lalita Navaratnamala in praise of Devi. He has also composed a hymn named Rahasyanamasahasram.
ALL
Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.


His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...


...(1648-1663) as a scarf-bearer.  The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..


..of Ahom dynasty in 1663,he appointed him Suptd. of The Royal Guards &finally he was appointed as Borphukan by the king.Then onwards,he was known as Lachit Borphukan.Borphukan used to be top councillor in Ahom Kingdom. This position was embedded with executive & judicial powers.


Assam was facing incessant Islamic invasion since Jan1662, when Mughal General Mir Jumla II attacked Ahom capital Gargaon. He never defeated Ahom king Jayadhwaja Singha as king retreated to hill &continued Guerrilla warfare.Prolonged fight &prospect of stalemate disturbed Jumla.
ALL
Advertisement
Anshul Pandey
Anshul Pandey
@Anshulspiritual
IMPORTANCE, ADVANTAGES AND CHARACTERISTICS OF BHAGWAT PURAN

It was Ved Vyas who edited the eighteen thousand shlokas of Bhagwat. This book destroys all your sins. It has twelve parts which are like kalpvraksh.

In the first skandh, the importance of Vedvyas


and characters of Pandavas are described by the dialogues between Suutji and Shaunakji. Then there is the story of Parikshit.
Next there is a Brahm Narad dialogue describing the avtaar of Bhagwan. Then the characteristics of Puraan are mentioned.

It also discusses the evolution of universe.( https://t.co/2aK1AZSC79 )

Next is the portrayal of Vidur and his dialogue with Maitreyji. Then there is a mention of Creation of universe by Brahma and the preachings of Sankhya by Kapil Muni.


In the next section we find the portrayal of Sati, Dhruv, Pruthu, and the story of ancient King, Bahirshi.
In the next section we find the character of King Priyavrat and his sons, different types of loks in this universe, and description of Narak. ( https://t.co/gmDTkLktKS )


In the sixth part we find the portrayal of Ajaamil ( https://t.co/LdVSSNspa2 ), Daksh and the birth of Marudgans( https://t.co/tecNidVckj )

In the seventh section we find the story of Prahlad and the description of Varnashram dharma. This section is based on karma vaasna.
RELIGION
ArmaniTalks \U0001f399\U0001f525
ArmaniTalks 🎙🔥...
@ArmaniTalks
Your Most PRECIOUS Currencies:

-Energy

-Time

-Attention

-Trust

-Love

-Loyalty

-Respect

Only give these currencies to high value people. Never spend these currencies on low value shitheads eg: trolls, weasels, snakes, naysayers etc.

'Wait, I thought money was the most important currency?'

Nah.

Once you adopt abundance mentality, you realize their is no shortage of money.

Making the dollars your most important currency will have you leading an empty life.

Time to flip your perspective.

👇

▪Energy

When you strip yourself to the core, you are an emotional creature.

Emotions are your internal worlds energy.

Harnessing that energy is crucial for leveraging yourself to obtain whatever you want.

You have a finite amount everyday, so spend it wisely.

▪Time

A second that is lost will never be returned.

You start valuing the hell out of this currency the more you mature.

As the years start adding up, you realize time is precious.

You must always have a scarcity mindset towards time.

Once you do so, you will not be lazy.

▪Attention

You can be here, but not present.

Attention is completely mental.

Giving someone your attention means you are clearing up mental bandwidth to make room for them.

Only give your attention to people who help you grow.

For the negative ones?

Ignore their existence
LIFE
Khatvaanga
Khatvaanga
@khatvaanga
Sri Gurubhyo Namah.
Some tweets on Adi Shankaracharya and in particular the Guru Parampara of @sringerimath. [I had done this series earlier 5 years ago on account of Shishya Sweekaram].


Adi Shankara established the Sringeri Peetham as the 1st of 4 amnaaya peetams.

The four being
1. Sarada Peetam at Sringeri.
2. Govardhana Peetam at Puri
3. Kalika at Dwaraka
4. Jyothir at Badarikashramam.

He installed his 4 most prominent shishyas as heads of the peetams.

Sureshwaracharya was assigned to Sringeri as its head.

Sringeri is a corruption of Rshyashrunga giri.

Rshyashrunga maharshi [and his father Sri Vibandhaka Maharshi] did their tapas at this place.

It is at Sringeri that Shankara spent 12 of His precious 32 years!!

That gives you and idea how much He loved this place.

Rshyashruga maharshi had a horn on his forehead, a result of being born to a deer. His mere presence was enough to shower rains!!

Rshyashrunga was one who led Putrakamesthi Yaagam of Dasaratha Maharaj and which resulted in Sri Rama's birth!!
ALL