BC ECONOMY
Saved by @jacobhtml

1. Ok, so most people have a vague sense of frustration that the last Dem administration didn't do enough on the economy. But it's still just a vague sense. So my org wrote a report showing in detail, industry sector-by-sector, what policymakers did wrong.

 2. We also wrote one pager descriptions of every sector. For instance, in media and telecommunications, there were multiple massive mergers (Comcast-NBC, Disney's roll-up, Charter-Time Warner). https://t.co/es3jzAGVKL
3. Consequences were bad. The median weekly compensation of writer-producers on television and online series declined 23 percent between 2014 and 2016 despite record profits in the industry and peak demand for programming. https://t.co/es3jzAGVKL
4. Health care, consolidation was bad. "From 2010 to 2015, Sanofi, Novo Nordisk, and Eli Lilly raised their insulin prices by 168 percent, 169 percent, and 325 percent, respectively; the three are essentially the only manufacturers of insulin in the U.S."
https://t.co/u4YqvTg06a
5. Newspapers, same story. Since 2005, America has lost 2,100 newspapers, one fourth of its total, leaving 1,800 communities without any local news coverage whatsoever. https://t.co/ULmsqCVFRt
6. Defense and aerospace - same story of the ill-effects of consolidation. "From 2008 to 2018, the average cost of a Pentagon weapons system jumped by 13 percent, without accounting for inflation."
https://t.co/tXLRSjGY5M
7. Airlines, same thing. Obama admin fostered three big mergers, United-Continental (2010), Southwest-AirTran (2010), and American-U.S. Airways (2013), and allowed consolidation among online travel agencies. Prices, bag fees, complaints up, wages down.
https://t.co/oAya4BUtSm
8. Agriculture, same thing. Collapse in dairy farming, control of chicken contract growers, massive power of meatpackers, etc. https://t.co/lHVWu02Pgb
9. Big tech, Google and Facebook both grew to utter dominance in online ads, social networking, search, maps, and video from 2009-2017, largely because of the dozens of significant mergers. Obama WH didn't block a single merger. https://t.co/F9lFaaToaQ
10. Same thing for Amazon. Using predatory tactics, it grew from a retailer to a core infrastructure provider across multiple markets, including e-commerce, retailing, logistics, cloud computing, voice assistants, security, and government contracting. https://t.co/PcW84Zydql
11. Finally there's labor and monopoly. Just a disaster. The Justice Department and Federal Trade Commission challenged zero mergers or acquisitions based solely on the mergers’ effects on workers. https://t.co/dQrCe8MkYB
12. In 2016, a bipartisan FTC unanimously opposed the city of Seattle’s attempt to allow Uber and Lyft drivers to bargain collectively.
https://t.co/dQrCe8MkYB
13. After DOJ settled charges against Silicon Valley companies for colluding not to recruit each other’s workers, a class action lawsuit won $415 million for the workers, though the suit estimated the damages at $3 billion. https://t.co/dQrCe8uJA1
14. People have a vague sense things got worse because they *did* get worse. Wages down, prices up, quality down. These changes just happen by themselves. Each happened because of a discrete *choice* by a policymaker. https://t.co/I1fUawW87f
15. People distrust the government because our policymakers showed themselves worthy of distrusting. Joe Biden can win this trust back. And he is running a very different administration than either Obama or Trump did. And we are all learning.
https://t.co/I1fUawW87f
16. @noamscheiber has an important piece on how Joe Biden thinks about the world. Biden wants an 'industrial policy' to finance the growth of domestic production. That's excellent, but he has to recognize the problem of corporate power as a complement. https://t.co/aWmjAImjbU

More from Economy

Faith
Faith
@Sheffieldfaith
Took the 6 yo old out for some local lock down exercise on his bike. Park too busy to cycle through, so we did a loop on local roads because that's the only other option without driving somewhere. Here's how it went (a thread) @CycleSheffield @CyclewalkSCR @DameSarahStorey

The 6yo doesnt cycle in a complete straight line yet so one of us cycles abreast of him just in case. Lots of drivers waited patiently for a long time before overtaking slowly and safely. Thank you for this. Sudden accelerating engines make the 6yo less likely to stay straight.

Some drivers, sadly not an insignificant number, decided they needed to get past more quickly and more slowly than was safe. Where were they all going to and why the need to be so impatient? It's not like there is anything to get to quickly at the moment.

Drivers coming the other way were generally the biggest threat. The roads were double parked with people using the park (worst I have have ever seen) resulting in narrow road space. Drivers did not slow down to adjust to this or to us cycling alongside the 6yo.

One driver overtaking a parked car had to encroach on to our side of the road. Instead of waiting he pushed out and shook his head at us. Did he think we shouldn't be on the road with a small child or did he just think he had priority? Either way he was wrong.
ECONOMY
pete wolfendale
pete wolfendale
@deontologistics
I’m beginning to think that the left has been too obsessed with GDP as a broken economic metric governing the global shitshow, when inflation is more insidious. Deflation may be a more radical demand than degrowth. Burst bubbles. Deflate the price of fossil fuel infrastructure.

It’s amazing just how much political economy is still determined by the threat of stagflation. This has created a weird metonymy in which as long as you’re fight inflation (preserving the interests of (older) savers) you’re also fighting stagnation (supporting (younger) earners).

To some extent the residual fear of deflationary spirals lies behind this, waiting in the wings for any suggestion that stagnation must be fought with deflation. This is entirely understandable, as uncontrolled deflation hits the poorest hardest.

The assumption that conjoins these fears into an engine of unbridled economic stagnation is that there’s a unitary market effectively mediating between the markets in different sectors, be this unity micro-economic or macro-economic in flavour. But this just isn’t how it works.

There is so much more logistic friction in the price system than the popular story of just in time production suggests, not least in the concrete details of differentiated trade between economic actors from local businesses to nation states.
ECONOMY
Advertisement
Secret SoSHHiety
Secret SoSHHiety
@SouledOutWorld
Latest @SouledOutWorld articles:
(Article Thread)

All in one convenient location to access.


https://t.co/TuyltZTyW0


https://t.co/XJJRvpLRQE


https://t.co/NeeFCfMkP2


https://t.co/yFtbIgqzzm
ECONOMY
Patrick Chovanec
Patrick Chovanec
@prchovanec
Inflation is always and everywhere a monetary phenomenon RELATIVE to real economic activity. This last part is key.

Also, measuring “the money supply” is a tricky thing, because it lives and breathes with the economy.
ECONOMY
Ndegwa Power
Ndegwa Power
@ndegwapower
Thread: Why Kenya and other countries are introducing Digital Taxes? Why now?

Now,the current tax laws & international tax framework (which dates back to the 1920s) was designed at a time when businesses were largely brick-and-mortar (physical stores).Then, it was unimagineable for a biz to operate in another country without some form of physical presence

Thus, in most countries, for a business to be pay corporate tax it has to have some form of nexus there (e.g. Kenya). Either it's registered here, or it's managed from here or it has what we call a permanent establishment (also implies some form of physical presence)

Fast forward to today, there are numerous companies that are able to operate in multiple countries without having any physical presence in those countries. Consider social media platforms or streaming services, with a device, connection & subscription you can access their service

...and they don't have to have any physical office or employees etc in Kenya for them to deliver the service to you. I mentioned above that to be subject to corporate tax here, a company would have to have some form of nexus here in Kenya, these companies, don't.
ECONOMY

You May Also Like

Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
OPTIONSLEARNINGS , OPTIONSBASICS , OPTIONSLEARNINGSSARANGSOOD
Nyck de Vries
Nyck de Vries
@nyckdevries
Lately there have been various rumours in the media about myself and Jumbo in relation to Williams. To clarify things, Jumbo is not and will not invest any money in my career. 1/2

Of course we’re collectively looking at career opportunities, however this is certainly not our philosophy and strategy. I hope to announce my future plans soon, be patient 😉 2/2
SPORT
Advertisement
Michael King \U0001f1fa\U0001f1f8
Michael King 🇺🇸...
@8MichaelKing
Ever notice how the top niches are centered around health, wealth, and relationships?

There's a deep-rooted psychological (and biological) reason why.

And today, I'm gonna to explain all of it so you can start profiting off of this knowledge 💰💰

*Now, this thread is going to be long and in depth. Make sure to favorite the top tweet now so you can come back to it later.

So. Down to the very core of every living being (humans, dolphins, bacteria, aliens), there are only two drivers:
1. To survive
2. To reproduce

Right off the bat, we know that sex is a primary driver to human behavior.

This would also mean that each gender has its own insecurities regarding sex.

Men have a subconscious fear that their woman will leave them for someone more successful

Women have a fear that their man will leave them for someone younger & better-looking

We can conclude that men are attracted to looks, and women are attracted to status.

This is human nature down to its very core.

Crazy, blue-haired feminists will try to argue and say otherwise.

But, 50 years of feminism DOES NOT OVERRIDE millions of years of evolutionary biology.

Here's a quick visualization exercise so you can see how true all this is...
STARTUPS
The Troll Zoo
The Troll Zoo
@TrollZoo
1. This is "Hollie The Card".

She's a Doctor, Physician, PhD, MA, Clinical Psychologist, Hospital Consultant, PTSD consultant, Long Covid Consultant.

(Thread)


2. Although sometimes she’s also an AUTHOR and English Academic.


3. A Hospital Consultant and ex Gymnast.

(Pinterest public profile)


4. A Physician, Doctor, or hospital consultant.

A “Hospital Consultant”, would probably mean a senior doctor, in the UK at least.


5. Hollie changes her Twitter picture and bio so often, it’s hard to keep up with her qualifications.
TWITTER
RadioChinar
RadioChinar
@RadioChinar
Demystifying Ghazwa-e-Hind. A #thread.

A recent video of Shoaid Akhter surfaced in social media creating a lot of controversy where the #Pakistani Cricketer can be seen suggesting invasion of India by using the term Ghazwa-e-Hind.
Radicalization of sportsmen seen off late
(1/10)


Some radical Islamic preachers believes that Ghazwa-e-Hind means a “Holy War against India”. As per this irrational & profane concept, there will be a fierce battle to secure victory over #India.
#Kashmir
(2/10)


#Pakistan-based terror groups, like JeM have been using Ghazwa-e-Hind as a Hadith to recruit, fund and justify its terror strikes as a religious holy war against #India.
#Kashmir
(3/10)


Some machiavellian people claim it is a prophecy that Muslim warriors will wage war against the #India.
Jaish & others falsely propagate that Jihad against India is considered holy in Islam & that those participating in it will be granted an easy entry into paradise.
(4/10)


However prolific scholars says that this is a made-up interpretation of some verse in The Holy Quran to mislead the gullible youth of #Pakistan into picking up arms and fighting its Army's personal battle against #India.
#Kashmir
(5/10)
SOCIETY