BC ECONOMY
Saved by @Mollyycolllinss

The right have attacked the Green New Deal on the grounds that it will hurt economic growth. In response, the left have defended it by saying it will *increase* growth. And maybe it will. But taking this approach is a bad strategy for a number of reasons:

 1. If the GND *does* generate growth, that will drive aggregate resource use and energy demand up, and therefore make it paradoxically more difficult (and probably unfeasible) to decarbonize the economy in the short time we have left.
2. Clean energy infrastructure requires material extraction (for solar panels, wind turbines, batteries, etc). More energy demand means more extractivism, which will have significant social and ecological impacts - on global South communities in particular.
3. Climate change is not our only problem. More growth means more resource use, which means rising ecological impacts across all other planetary boundaries. (See: https://t.co/776IGD8mUm)
4. All sorts of regressive social and ecological policy is justified in the name of growth, including cuts to labour standards and environmental regulations. When we affirm growth as the ultimate objective, we play into the hands of neoliberals.
5. Finally, if the GND *doesn't* deliver growth, then it will have failed according to our own criteria, and will be attacked and rejected on those grounds.
For all these reasons, if we want our Green New Deal to be technologically feasible, socially just, and ecologically coherent, we need to abandon GDP growth as an objective and actively scale down aggregate energy use. We don't need growth; in fact, we can thrive without it.
Here's @r_mastini on this topic: https://t.co/RN2GFVwfjO
Here's the underlying paper: https://t.co/FaYPGhQq4q
And here's a short discussion: https://t.co/qoxQqGZ07r

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Brian Wesbury
Brian Wesbury
@wesbury
Inflation Is Coming!

Some say: Inflation didn’t rise after 2008-2015 Fed QE, so it won’t rise this time. Here are the problems with that argument.

1) From 2008-2015 regulators hammered the banks, so while the Fed’s balance sheet expanded, M2 did not accelerate.

2) In 2020, we used the banks to push out money, the opposite of the first round of QE. PPP loans were financed through banks and unemployment checks were direct-deposited.
3) The M2 measure of money is up more than 25% in the past 12 months.

4) That alone, 25%+ M2 growth, is enough, but we are compounding the problems.
5) Regulating fossil fuel production drives energy prices up.
6) Ag, industrial & transportation are energy intensive, and many claim they are bad for the environment. Result: higher prices.

7) Federal government borrowing and deficit spending encourages more Fed money printing, and artificially lifts demand.
8) Higher tax rates, rising minimum wage, and big government crowd out the private sector; reducing supply.
9) Demand up; Supply down! Inflation is coming.
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micky finn
micky finn
@critpraxis
For those who haven’t heard, we are witnessing a globally coordinated plan (conspiracy) to use fear and safety as cover for a #GreatReset of the world economy & society. This is a planned and internationally coordinated strategy by the most powerful global elites-the ruling class

The aim of the global ruling class is to refashion global capitalism into what we can call neo-feudalist technocratic bio-fascism-or ‘global fascism’ for short.

The aim is for remaining liberal democratic rights and freedoms that have been in place at least formally in the ‘west’ for the last few hundred years to be eroded and withdrawn.

There’s lots of different terminology and branding, for example: Great Reset, Fourth Industrial Revolution, Technocracy. The main aim of this plan is the concentration of power over capital, wealth, people and nature in the hands of a the very largest corporations and monopolies.

This plan for a new phase of global capitalism is enabled by national states and governments, international organisations & quangos (EU, UN, NATO, IMF, WTO, WHO, Gates, GAVI). With no clear lines between state and non-state actors, this is also a form of global corporatism.
ECONOMY
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Emily of the State
Emily of the State
@EmilyGorcenski
This is premature, but I want to walk you though why some of the charges coming through are incredible significant. This is one of the recently unsealed complaints.


1512(b) is a very, very strong crime. Section 1512 is about obstruction of the administration of justice. The statute is supposedly about disrupting court proceedings, but it's broader. The way it's written, Congressional Proceedings count.

The statutory maximum for a single violation of 1512(b) is 20 years in prison. That's a lot. Most related federal crimes—231 civil disorder, 2101 riots—are only 5 years on the top end.

But that's not all.

See, federal sentencing is done via a complicated formula that computes sentencing guidelines.

Sentencing guidelines are based on the statute, the elements of the criminal offense, and the defendant's criminal history. It also factors in things like if the defendant takes responsibility, and takes a plea deal, etc.
ECONOMY
The British History Podcast
The British History Po...
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It's always been detached, and it's always made the real economy worse.

[THREAD] 1/10


What is profit? It's excess labor.

You and your coworkers make a chair. Your boss sells that chair for more than he pays for the production of that chair and pockets the extra money.

So he pays you less than what he should and calls the unpaid labor he took "profit." 2/10

Well, the stock market adds a layer to that.

So now, when you work, it isn't just your boss that is siphoning off your excess labor but it is also all the shareholders.

There's a whole class of people who now rely on you to produce those chairs without fair compensation. 3/10

And in order to support these people, you and your coworkers need to up your productivity. More hours etc.

But Wall Street demands endless growth in order to keep the game going, so that's not enough.

So as your productivity increases, your relative wages suffer. 4/10

Not because the goods don't have value or because your labor is worth less. Often it's actually worth more because you've had to become incredibly productive in order to keep your job.

No, your wages suffer because there are so many people who need to profit from your work. 5/10
ECONOMY
Hero of the Copium Wars
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@Mont_Jiang
American collapse is gonna be a horror show because we are an economic parasite on the world, and collapse will be the host cutting off our proboscis. We cannot self-sustain.

Robert Reich once bragged that our economy was transforming into one where 20% of us would be well compensated "symbolic analysts" and everyone else would be servants to this class.

This is echoed in Primary Colors where Fake Clinton tells the shipbuilder union to get ready to go back to school because making things is over. We are all "symbolic analysts" now.

That's only possible because the rest of the world makes stuff for us to consume. On a net basis the world makes while we take. Capitalism is the international legal system which ensures this will happen through the enforcement of investor and property rights.

This is the "system of international rules" that Biden has warned China must be obeyed. Or else.

The world makes, we take (and pay in USD).
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The Haas / Force India argument is fascinating, and the decision of the stewards may still have consequences. The first key finding is that the stewards ruled Racing Point Force India to be a valid constructor. That means that it builds its own cars.

Haas had argued that the cars had been designed by Force India, but as Haas knows only too well, "outsourcing" is legal. The stewards decided that "there is no regulatory support for the argument that Outsourcing of Listed Parts cannot come from a former or excluded team."

In determining this, the stewards also came to the following conclusion: "In relation to the submission by the Racing Point Force India F1 Team that it is not a new team, the Stewards decide that the Racing Point Force India F1 Team is indeed a new team."

This will have a big knock on effect for Haas in its continued arguments over the rights of RPFI as relates to its eligibility and rights under the complex payments structure. Haas has argued all along that RPFI should be treated as a new team and tread the same path that it did.

TLDR? Haas lost the fight but may have won the war. In having its argument that Racing Point hadn't designed their own car thrown out, they gained clarification that RPFI was a new team.
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THREAD: The following tweets are for the purposes of stories that will appear in Sunday Times Daily. The videos and images depicted may be upsetting but are deemed to be in the public interest. This is the story of the Ayanda "Borhey" Mtila as far as we were able to verify it.


On 13 October Mtila as defacto overlord of the Boko Harram gang, allegedly carried out his penultimate cash-in-transit robbery. Sources say he sustained a head wound in a shootout with security guards. Some friends believe he was killed by a fellow

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So here is a secret: Not everything I write goes anywhere. I have at least 4 books completely written and edited that never went on submission. I have books that stalled out at 20k. I have docs on my computer with opening paragraphs I don't remember writing. But! 1/

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Turns out, it wasn't a Romance! It was Southern Gothic Horror. Even the bones of it screamed strangeness, not sexiness. I loved the taste of the world, but I hadn't found the right story yet. Tried to write it 2 more times and failed. Until I finally understood what it was. 4/

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Here is a special thread introducing our series on “The Making of the Islamic World.” It offers 10 episodes about the transformation of Islamicate societies between the 7th and 17th centuries. You can find the series page here: https://t.co/7mL9eWmMmz


This is Chris Gratien posting. I created this series during Fall 2020 for my students as asynchronous material supported by readings and discussion. This is going to be a long thread, but it will be a great shortcut for those looking to make similar use of these materials.

There are two items worth pointing out: 1. This is an overview of the political, social, and cultural history of Islamicate societies. It does not deal with the origins of Islam or many theological questions. It does discuss Islam’s spread and the transformation of Islamic law.

2. This is the first part of a two-part sequence that takes the history of the Islamic world into the present. It emphasizes developments and themes that have particular relevance for later periods.

This is really a multivocal narrative of Islamic history. We feature over 20 scholars from almost as many institutions. Many of those who worked on it, myself included, study the early modern and modern era but have teaching obligations that take us further back in history.
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SK
SK
@sk_diary1
A #story from #Thiruvilayadal puranam- one of divine leelas of Bhagwan Shiva

#threadseries #madurai

Koodal Kaandam

Story 21 - it is about how stone elephant came to life and ate sugarcane - When Raja Abhisheka Pandyan met Ellam Valla Siddhar

கல்யானைக்கு கரும்பருத்திய படலம்


Raja Abhisheka Pandiyan went ahead to meet Ellam Valla Siddhar on the premises of the temple.On seeing the arrival of Raja, people surrounding Siddhar moved back. Abhisheka Pandiyan introduced himself to Siddhar &asked about his whereabouts.Also his purpose of visit to Madurai.

Raja asked why he performed magical acts, does he expect anything from him or people of Madurai.

Siddhar laughed & replied to Raja that he was from Kasi. He had heard a lot about Madurai in Kashi.Also told that this place is a Mukti Kshetram,so he had come to stay here.

Siddhar asked Raja if he has the capability &power to give anything that he asks for. Siddhar told King that he has power to do things even if he think of it.Siddhar asked King to ask whatever he wants & it would be provided, whatever these people had asked, they were granted.


Abhisheka Pandyan was shocked to receive such a reply from Siddhar,& he decided to test the power of this Siddhar. By that time, Raja saw a person in crowd having Sugarcane.

Raja took Sugarcane from that person.
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