BC ECONOMY
Saved by @Mollyycolllinss

The economic impact of the Brexit deal: our

 Key points to remember:

1. Leaving Single Market/Customs Union means major new trade barriers - customs and border checks, regulatory barriers, end of rules allowing services to be sold across borders.
2. A deal doesn't change that. It means no tariffs and quotas and *some* provisions that will stop trade breaking down. But the main impacts -on our and the government's own analysis, about two-thirds - happen either way
3. That also means that some disruption is inevitable. You can't introduce new systems/processes overnight. The delay in doing a deal plus covid means some things will go wrong
4. But short term disruption, even if it gets headlines, does *not* mean Brexit is a failure. And when that disruption is resolved and new systems are working, we should*not* conclude it's a success.
5. It is the medium)long term impact that matters. Our analysis, and that if government economists, and other independent economists, is that this Brexit deal will reduce growth/productivity/wages/incomes, perhaps by 4-6%, over 10-15 years - so knocking maybe 0.5% a year off
6. Lots of uncertainty here but there really is little/no doubt Brexit will make us (somewhat/ poorer than we would otherwise be. Erecting major new trade barriers -which is what Brexit does - does that.
7. But the impacts will mount over time, the UK economy will continue to grow nevertheless, and other things - AI, net zero - will have large and maybe larger impacts at the same time. Economically, Brexit will be a slow slow puncture, not a blow out.
8. The UK economy will adapt - economies do. And future policy choices will matter a lot. Plenty of work to do (for economists and others!) ENDS

More from Economy

MIT Technology Review
MIT Technology Review
@techreview
To see how the innovation economy has left much of the US behind, we traveled to the small town of Bryan, in northwestern Ohio's Williams County. This is a thread about how to fix what the innovation economy broke about America.

This is Valerie. She’s 46 and has worked all her life—three jobs currently—yet she has just $65 in her checking account. Her husband works full time at a metal fastener plant.


Altogether, after health insurance premiums but before taxes, Valerie and her husband make about $45,000 a year.

The story of her working life is also the story of Bryan. The town is broken in some of the same ways that much of the rest of the country is broken. Understanding what broke Bryan is crucial to understanding how it might be fixed.


For decades, America’s political and business leaders acted as if places like Bryan didn’t matter.
ECONOMY
Michael Pettis
Michael Pettis
@michaelxpettis
1/10

This is a really tough problem to resolve, especially if the massive increase in inflows from the trade and financial accounts are sustained, as I expect they will be well into 2021.

Clearly the PBoC would like to see the RMB gradually...

2/10

strengthen. This would keep financial markets stable and promote rebalancing, but the RMB has already strengthened a lot, and this puts unwanted pressure on exporters and “international circulation”.

Although PBoC reserves have been flat, other state-controlled Chinese...

3/10

banks have bought large amounts of dollars, but this is expensive. If these banks have half a trillion dollars of exposure, for example, they are losing at least $15-17 billion annually on negative carry, plus another $20-30 billion just this year from the rise of the RMB.

4/10

Beijing seems also to be trying other measures to slow the rise. The regulators are relaxing capital controls on outflows. In mid October the PBoC cut to zero the reserve requirement ratio for banks doing FX forward trading. This requirement was created in 2018 to reduce...

5/10

downward pressure on the RMB. In late October it suspended the counter-cyclical factor in RMB fixing, which was introduced in 2017 also to reduce downward currency pressure. But in both cases while the RMB dropped a few pips on the news, it quickly resumed its upward climb.
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
Larry Schweikart
Larry Schweikart
@LarrySchweikart
1) Well, also there is this:

For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
ECONOMY
Nick Huber
Nick Huber
@sweatystartup
On Sep 3rd 2020 we closed on a 120k sf glove factory built in 1890 in a small NY town.

Has 45k sf of self storage inside and had $14k a month of net operating income at closing.

Let's breakdown this deal.

A THREAD on creating $2 million out of thin air in 18 months...

👇👇


First saw the property on Loopnet in mid 2018. I ignored it. Who wants to try to operate a business in an old factory in a dying NY town.

A few months later I reached out. Broker sent me financials. They were good. $24k a month in revenue and $10k in expenses.


So I visited the property. It was old. Needed a new roof. Full time manager. Only accessible to customers 9am-5pm M-S. No autopay. A lot of folks paying 1/2 market rent.

I loved everything about it.

But I knew they were going to have trouble selling this thing no matter the profitability, so on July 1 2018 I made a low offer. $750k + seller pays for new $250k roof + $20k in environmental work.

Countered at asking price + $100k credit towards roof.

I ignored the response.

Broker called me back mid September of 2018. Make another offer, he urged.

I knew it was a good biz so I got more aggressive - $1MM + seller pays for roof / environmental.

Declined. Countered with $1.2MM but they'd give me a new roof and do the environmental.
ECONOMY

You May Also Like

Hindu Media Wiki
Hindu Media Wiki
@HinduMediaWiki
Speech Delay is most common in children nowadays

In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.


One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.

Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :

Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa

This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste


The procedure to make it is in the link

https://t.co/uo4sGp7mUm

It should not be given daily to the child. Other main benefits are

1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion

For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"
CHILDREN
\uff2c\uff41\uff44\uff59 \uff22\uff4c\uff41\uff5a\uff45\uff53
Ｌａｄｙ Ｂｌａｚｅｓ...
@Lady_Blazes
Oh my Goodness!!!

I might have a panic attack due to excitement!!

Read this thread to the end...I just had an epiphany and my mind is blown. Actually, more than blown. More like OBLITERATED! This is the thing! This is the thing that will blow the entire thing out of the water!


Has this man been concealing his true identity?

Is this man a supposed 'dead' Seal Team Six soldier?

Witness protection to be kept safe until the right moment when all will be revealed?!

Who ELSE is alive that may have faked their death/gone into witness protection?


Were "golden tickets" inside the envelopes??


Are these "golden tickets" going to lead to their ultimate undoing?

Review crumbs on the board re: 'gold'.


#SEALTeam6 Trump re-tweeted this.
GOVERNMENT
Advertisement
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI MOOKAMBIKA DEVI, KOLLUR (KAR)

There was an Asura, Kaumasura, who was doing penance to please Shiva and get a boon. To prevent him from asking for a boon, Devi Saraswati made him dumb (hence called Mookasur)
Later, Adi Parashakti slayed him and came to be called Mookambika.


It is said that Adi Shankaracharya had a vision in which Devi agreed to follow him provided he did not look back. He kept walking and was assured of her presence due to the sound of anklets. When he reached here in Kollur, he turned back as the sound of anklets had stopped.


So Devi stayed here and merged with the lingam. The place came to be called Mookambika Kshetram.
The linga has integrated on it’s left side MahaKali, Maha Lakshmi and Maha Saraswathi and on the right side- Brahma, Vishnu and Shiva.


A swarna rekha (gold line) divides this linga into left and right portion. Adi Shakthi in this Udhbhavlinga form appears only here.
Devi sits in padmasana and has 4 hands.
Adi Shankaracharya installed the Sri Chakra in front of Devi and also composed the Soundarya Lahiri here.
ALL
Anu Satheesh
Anu Satheesh
@AnuSatheesh5
Thiruvairanikulam Mahadeva Temple
Ernakulam Kerala🚩
#temples

Temple is known as Sabarimala of Women

Thiruvairanikulam Mahadeva Temple is situated on the banks of the Periyar River. Siva Temple has a separate sannidhi for Parvathi Devi which will be open only for 12 days a year


The Nadathurappu Mahothsavam happens every year on Malayalam month of Dhanu. On opening day, a grand procession starting from Akavoor Mana carries the ornaments of Devi to the temple. Swayamvara Archana is the main pooja here to clear the obstacle in marriages.
Legend is that 👇


Vigraham existed in another place called Iranikulam. A Namboodiri of Sreemoolanagaram used to visit the Iranikulam temple regularly. Akavoor Chathan, a boatman will take him to the Iranikulam temple and back. Because of Bhakthi of Namboodiri, Shiva traveled with him to his place.


Akavoor Chathan identified Siva chaitanyam and their family built a temple here. Parvati devi herself will cook Nevidyam here for Shiva, which was witnessed by a priest. Devi was angry at this and decided to leave the place. But when the priest offered his sincere apology👇


Devi blessed him and told that she will be present here 12 days in a year. Thus the period which begins from Thiruvathirai Day in Dhanu is known as the Nadathurappu festival.
Temple Nada opens today night.
Picture credit: Google.
🙏🕉🙏
ALL
foone
foone
@Foone
An interesting set of games that I've been vaguely interested in since I was a kid, after seeing one at a friend's house and never being able to find it again, was the BATTLES IN A DISTANT DESERT/BATTLES ON DISTANT PLANETS series.


These are turn-based wargames for windows 3.x, sharing the same engine.
Battles in a Distant Desert is from 1992, and is based on the first Iraq war (Desert Storm)


and Battles on Distant Planets is from 1991, and takes place in SPACE!
I'm pretty sure this is the one I played as a kid.


They've got 3 options to play with:
* Player vs. Player
* Player vs. Computer
* Computer vs. Computer

So it's a 0-2 player game!


They also did a DOS strategy game called "STARDATE 2140.2: GALACTIC CONQUEST" in 1990, but it seems to be lost.
All the games share an experimental AI system based on neural networks.
FUN