I know I’ve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.

But don’t take @ambermruffin’s word for it. You should get references...

A thread

Breaking News:

In a 5-4 decision, the conservative judges on the Supreme Court reject the final death row appeal of a Nazarene minister convicted of teaching Christian Race Theory.

Justice Ketanji Brown Jackson issues blistering dissent, calling it a “crucifixion.”

“I told you she was soft on crime,” says Josh Hawley.

“We can’t have these people teaching these sermons on public mounts, said Galilee Governor Ron DeSatanis. “Telling children to repent for their sins makes kids feel bad.”

33-year-old community organizer and protest leader
Yeshua bin Yusuf, who went by the street name Jesus, was convicted by an all-white jury after his violent arrest resulted in at least one officer losing an ear, according to the police report.

Authorities said his protest organization was really a front for his gang activity. While Jesus confessed that he had about 12 friends who were disciples, he claimed he was not gang affiliated.

“That’s what they all say,” explained Sen. Marjorie Taylor Greene. “He also claimed he was ‘saving’ prostitutes but if you read the message boards, it’s clear he was a sex trafficker. Why else would Mary Magdalene always be around? What do you expect? He was an anchor baby, too!”

White people are storming the Capitol Building to support a white nationalist president and many people are saying: “If Black people did that...”

Not me, though.

I know.

A thread

Here’s what happened to them when these “patriots” attacked the CAPITAL OF THE AMERICAN GOVERNMENT for—and I can’t stress this enough—SOMETHING THAT DID NOT HAPPEN

Here’s what happened when I covered the George Floyd protests where four officers WERE ARRESTED AND CHARGED WITH MURDER

Here’s what happened when they stormed the capital in Michigan

Kyle Rittenpeacefully protesting after Eric Garner was choked to death

has anyone covering the Wall Street GME reaping and sowing gone into the fact that a lot of the GameStop and directly associated trades have been largely amplified by social listening powered mega firms doing machine learning automated trades because the “idea” of GME is popular?

like I thought this was a thing investor people & press just knew & instead it’s all just focused on the message of redditors clowning short sellers and not “the computers saw the infinite monkeys on infinite typewriters and decided That Would Be A Cool Thing To Emulate” for $$$

for those new: finance social listening is a marketing “science” that involves advanced web & social network data collectors scraping everything for nuance on companies, purchasing behavior & language, investor & finance sentiment, etc & using it to make billions of trades for $$

Musk & his core investor clique is notorious for doing this as are some other big hedge firms & finance firms - you take the raw off Bloomberg Terminal, Superdata, public social networks and headlines etc etc, machine learning the fuck out of it, collect money. A hype machine.

This has been going on for about 8 years but only got popular & competitive in the past 2, when firms realized the machines could do a better job with these data flows in setting up short term shorts & holds vs people - & they could also “game” media to effect other hype machines

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UK’s £35bn fashion industry warns of “decimation” from #brexit - big names sign open letter to @BorisJohnson urging action. Many of 50,000 SMEs on the rack due to VAT, customs and work permit issues. Stay with me/1


You can read the full text of the letter here, co-ordinated by Fashion Round Table @FashionRoundTab, but tl;dr it says that #Brexit has left a "gaping hole" in an industry that relies of free movement of professionals. It's a familiar cry /2



@FashionRoundTab The industry, already whacked by #COVID19, is now discovering that cross-border sales are a horror (VAT, Customs, long delays) and models, stylists, photographers that used to blat around Europe can't any more. They need permits, for themselves, for their gear /3

It is on one level amazing that this is only just fully dawning - as the musician industry found out recently - but fashion is not just big names and big companies. It's actually a mountain of small companies and sole traders often that feed into a huge (£35bn) industry /4

I've written about fashion models issue before (they need tier-5 sponsorship visas) and how that will erode London's status as a hub, but this goes so much wider than this - hence the #dontmakefashionhistory campaign - and comes down the lack of a mobility chapter in the deal /5

** MMT is the new supply-side economics
Forty years ago, some economists started from an uncontroversial (but important) result: a lower tax rate raises the tax base, so revenues won't fall as much. But then they ran with it, predicting tax rate cuts could raise revenues.

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The 80s supply-siders went to the limit and came up with a motto: lower taxes will lower deficits as a norm, not an exception. Many economists shouted this was backwards. It was an implausible limit case. Textbooks called them "charlatans and cranks" or "silly".
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In 80s debates, supply-siders would often fall back to "you don't understand me", repeating "Laffer curve!" endlessly, or stating vacuous accounting identities about how the government collect taxes. Their extreme prediction was repeatedly proven wrong by theory and data.
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But they had popular hero figures (Laffer, Moore), and an eager political audience that would use any argument to cut taxes. Eventually, they inspired new good research, and helped in swinging the pendulum of policy debates to include some valid supply considerations.
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Yet, supply-side economic ideas also contributed to a massive rise in US public debt in the last 40 years. Right-wing governments became as prone to have large public deficits as left-wing governments, in the pursuit of cuts in taxes.
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