BC ECONOMY
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Yesterday we announced the launch of The Doomsday Clock, an original 18th Airborne Corps podcast series telling the incredible story of the Corps' Cold War history.

Today we're going to tell you more about some of the guests who will appear on the program.

[1 of 10]

 [2 of 10]

Of course, we'll have John Lewis Gaddis, the dean of Cold War historians about the start and end of American confrontation with the Soviets (Episode 16: April 27).
[3 of 10]

We'll also have the great H.W. Brands to talk about the Korean War and the stare down between Truman and MacArthur (Episode 7: February 23).
[4 of 10]

Podcast king Dan Carlin joins us for a deep, dark journey into the philosophy of the Soviet Union (Episode 9: March 9).
[5 of 10]

You know Sir Max Hastings as the great historian, but long before that he was a war reporter. That's him on the right in Vietnam in 1968.

He joins us to talk about American escalation in the Vietnam War (Episode 10: March 16).
[6 of 10]

Adam Higginbotham is the author of a book about Chernobyl that served as the basis for the HBO series. He joins us to talk about the impact of that disaster on the viability of the Soviet Union (Episode 18: May 11).
[7 of 10]

Joe Scarborough joins us to talk about the legacy of the Truman Doctrine (Episode 15: April 20).
[8 of 10]

Serhii Plokhii grew up on the other side of the Iron Curtain. Now he's a professor of Ukrainian history at Harvard University and a prolific writer about the Cold War. He joins us for Episode 17 (May 4).
[9 of 10]

AJ Bacevich joins us to talk about the Army's Pentomic restructuring under Chief of Staff Maxwell Taylor (Episode 5: February 9).
[END]

These are the biggest historians in the country, fascinating discussions, and stories you've never heard.

The program is available beginning one week from today on iTunes!

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XVIII Airborne Corps🐉...
@18airbornecorps
1 of 23

DECEMBER 22, 1944: NUTS!

As a practical matter, the fight was over.


2 of 23:

When describing the 101st Airborne Division and the remnants of the 60th and 28th Divisions in Bastogne, many historians will tell you that the Americans were surrounded.


3 of 23:

That is accurate but it is insufficiently descriptive. "Surrounded" does not really come close to representing the odds stacked up against our Paratroopers by mid-day on Friday.


4 of 23:

A group of 18,000 Paratroopers, including approximately 2,000 untrained replacement troops who had never seen combat, were facing 45,000 fighters from the Fifth Panzer Army’s XLVII Panzer Corps with the newest Tiger tanks.


5 of 23:

The Paratroopers were led by an acting commander.

They were low on ammunition, and their medical detachment was destroyed earlier that morning.

The Tiger tanks severed the last open road south out of Bastogne, completing a full encirclement of our boys.
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XVIII Airborne Corps\U0001f409
XVIII Airborne Corps🐉...
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1 of 16: WE ARE ALL JEWS HERE: THE STORY OF RODDIE EDMONDS

One of the most moving and relevant stories of the Battle of the Bulge, or any American Soldier in any war, is that of Master Sergeant Roddie Edmonds, a Knoxville, Tennessee native, who served with the 106th Infantry.


2 of 16:

Roddie was captured early on in the Battle of the Bulge, on December 19th, when Panzer forces plowed through his unit.

He, along with almost his entire regiment, was forced to surrender.


3 of 16:

The men were transported to the Stalag IX-A POW camp in Ziegenhain, Germany.

Roddie was the senior enlisted American Soldier at the site. As such, he was the conduit between all American Soldiers and their German captors.


4 of 16:

In late January, the camp’s commandant, Major Siegmann [pictured here], ordered Roddie, a Christian, to identify all Jewish Soldiers and order them to stand in formation by themselves the next day.

[Jewish Soldiers were a minority within American units]


5 of 16:

Throughout WWII, captured Jewish Soldiers were often tortured and then killed by their German captors.

In fact, Jewish Soldiers had been told to bury their dog tags before capture. The dog tag identified Jews with the letter “H” for Hebrew.
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XVIII Airborne Corps\U0001f409
XVIII Airborne Corps🐉...
@18airbornecorps
1 of 11:

DECEMBER 20, 1944

BATTLE OF THE BULGE, DAY 5

At this point, the reserve forces (the 82nd and the 101st and the headquarters of the XVIII Airborne) are in sector and in their fighting positions. For the first time ever, the XVIII Airborne Corps is operating in combat.


2 of 11:

On this day 76 years ago, the 82nd Airborne establishes a defense against the 6th SS Panzer Army in the small Belgian town of Werbemont. This was the northern shoulder of the German bulge.


3 of 11:

It was freezing cold in Werbemont, as temperatures dropped to around 10 degrees Fahrenheit. Light snow covered most of the ground.


4 of 11:

Meanwhile, the 82nd's sister Airborne division, the 101st, is now assigned to the VIII Corps. The Screaming Eagles are deployed to a crossroads town named Bastogne, trying to push back the southern shoulder of the German Bulge against the 5th Panzer Army.


5 of 11:

So, the XVIII Airborne Corps starts the day with the 82nd Airborne as its only unit. But, General Ridgway was looking for units to pick up (remember, back then a corps was a loosely organized HQ that picked up units as needed).
WAR
XVIII Airborne Corps\U0001f409
XVIII Airborne Corps🐉...
@18airbornecorps
1 OF 15:

BATTLE OF THE BULGE DAY 3: DECEMBER 18, 1944

Battling Bastards of Bastogne

~2:15 AM, Major General Matthew Ridgway, unaware of the fighting in Ardennes, and sleeping in his HQ, is awakened by a call from Lieutenant General Courtney Hodges, commander of First Army.


2 of 15:

Hodges, calling from the town of Spa in Belgium, tells Ridgway that the Germans are smashing through the Ardennes & the XVIII Airborne Corps had been released from theater reserve and assigned to First Army to help push back the offensive.


3 of 15:

Until just recently, with the creation of the 18th Airborne Corps, there was no traditional "reserve" in the European Theater. Now, the 18th was the reserve.


4 of 15:

Ridgway sends the 101st and 82nd into the teeth of the ferocious German attack.

Here’s Jim Gavin, 82nd commander, who would push east to Werbomont, Belgium.

The 101st would drive into the wood chipper outside of Bastogne, Belgium.


5 of 15:

The 101st, in particular, was in no shape to go back into the fight.
HISTORY
XVIII Airborne Corps\U0001f409
XVIII Airborne Corps🐉...
@18airbornecorps
[1 of 9]

Back to the Battle of the Bulge.

He's late.

Thursday, December 28, 1944, ~ 2:30 PM.

Delayed by fog and snowbanks, Eisenhower's command train pulls into a rail siding in the Belgian town of Hasselt three hours behind schedule.


[2 of 9]

Ike is there to meet with Monty.

Ike needs to get the bellicose Brit on board with this plan [we're calling it the "middle option" plan] we showed you yesterday.


[3 of 9]

Monty is good with the plan, but he believes it's too early to counterattack.

Monty makes his case: intel suggests another (final) impending German attack, so we should build up our defenses & wait rather than attack.


[4 of 9]

Monty recommends a strategy of patience. He wants more divisions, he wants to set conditions before a strike. Wait for the moment to present itself, then pour it on.

[if you get the point of this GIF, we appreciate you]


[5 of 9]

Ike counters: If we remain stagnant, we may lose our gains. If we lose momentum, we allow the Panzers to slink back over the West Wall and this war might go on for years.
ALL

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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.

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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.
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In the months prior to the most ferocious stock market crash in history and the eruption of the biggest #publichealthcrisis of our generation, we witnessed the biggest exodus of corporate CEOs that we have ever seen. And as you will see below, corporate insiders also sold

off billions of dollars worth of shares in their own companies just before the stock market imploded. In life, timing can be everything, and sometimes people simply get lucky. But it does seem odd that so many among the corporate elite would be so exceedingly “lucky” all at the

same time. In this article I am not claiming to know the motivations of any of these individuals, but I am pointing out certain patterns that I believe are worth investigating.

One financial publication is using the phrase “the great CEO exodus” to describe the phenomenon that

we have been witnessing. It all started last year when chief executives started resigning in numbers unlike anything that we have ever seen before. The following was published by NBC News last November…

Chief executives are leaving in record numbers this year, with more than

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1/ Trend Factor: Any Economic Gains from Using Information over Investment Horizons? (Han, Zhou, Zhu)

"A trend factor using multiple time lengths outperforms ST reversal, momentum, and LT reversal, which are based on the three price trends separately."

https://t.co/udkvsdw2Lz


2/ This resembles combining multiple measures of ST reversal, momentum, and LT reversal (forecasts determined by walking forward rather than using signs from the full sample).

Unlike normal moving average signals, these are *cross-sectional.* More below:
https://t.co/wkIFLg9jtK


3/ Unsurprisingly, the Trend factor formed by this approach outperforms benchmarks in terms of both Sharpe ratio and tail metrics. It's combining momentum with two factors that are negatively correlated to it AND using multiple specifications.

More here:
https://t.co/x8Tloz3iyL


4/ "Average return and volatility of the trend factor are both higher in recession periods. However, the Sharpe ratio is virtually the same.

"Interestingly, all of the factors still have positive average returns.

"Momentum experiences the greatest increase in volatility."


5/ "In terms of maximum drawdown and the Calmar ratio, the trend factor performs the best.

"The trend factor is correlated with the short-term reversal factor (35%), long-term reversal factor (14%), and the market (20%) but is virtually uncorrelated with the momentum factor."
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Until 2050 we'll likely see "a #supercycle in investments in 'clean' energy infrastructure, 'clean' transportation & everything that's required for the '#green' transition."

There's so much bullshit in here, I'll unpack some of it in a

2/x

1st (cf. @MGSchmelzer): there is no reason to assume that a massive productivity- & hence production-boom will lead to reduced emissions, because it will increase production&growth, & it is those two variables that global greenhouse emissions track most closely. #Degrowth.

3/x

Every time capitalism has made massive productivity gains (e.g. w/ the #steamengine; the taylorist #assemblyline; computers), that has led to a *radicalisation* of capitalism as a mass production system (as opposed to earlier versions, where luxury goods were for elites),...

4/x

So there's no reason believe that a new round of capitalist accumulation (#accumulationbydispossession / #primitiveaccumulation) - in this case: some kind of "#greencapitalism - will in any way positively impact emissions rates, but every reason to believe the opposite...

5/x

I would like to look into this, as it speaks to an often-overlooked issue: the relationship between different phases of capitalist development, such as imperialism, fordism, & post-fordism, connected to energy regimes (coal-based, oil-based, renewables-based capitalism)?
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5 webinars/conclaves since May 2020 and over 100 stock ideas shared. Still not enough :)

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RANI GAIDINLIU:THE LESSER KNOWN FREEDOM FIGHTER

Rani Gaidinliu joined the freedom struggle at 13 &was sentenced to life imprisonment at 16."We r free people—the White should not rule over us.”Thus calling out to her Zeliangrong tribesmen was the voice of 13yr-old Rani Gaidinliu.


She joined the freedom struggle in the present-day Northeast India. Today, her struggle is lost in history as most of her countrymen wouldn’t even have heard her name. B'coz our history textbooks tell us that only Mahatma Gandhi &Pandit Nehru got India its Independence.


At 16 yrs of age, this valiant girl was sentenced to life imprisonment for leading a movement to drive out the colonial rulers from Manipur and Nagaland. Nevertheless, she was released in 1947 after India’s independence and was given the title ,"Rani of Nagas".


EARLY LIFE AND HERAKA MOVEMENT

Gaidinliu belonged to the Rongmei clan of the Zeliangrong tribe in the Tamenglong district of western Manipur. Born on January 26, 1915, she was fifth among eight children.


Her native village was Nungkao, which is present day Tamenglong distt. Brought up in a specially backward region,she couldn't receive any formal education. However,this didn't stop her from joining the freedom struggle. At the age of 10 she came under the influence of her cousin.
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