"Hello, IT? My economy has stopped working."

"Have you tried -"

"Yes."

"Okay. Check settings. What does it say under software?"

"Compatible with EU membership."

"Do you have that?"

"I just uninstalled it."

"Er - Why?"

"Honestly, I can't remember. Something about fish?"

‼️𝗦𝗖𝗔𝗠/𝗙𝗥𝗔𝗨𝗗/𝗖𝗢𝗡
So there is a self proclaimed successful business woman that started her business ventures at 15 y/o with $5 (=8000Tsh🤡) as per 2013 exchnange rate, now in 2020 she is 22 y/o and allegedly revenues millions of dollars from her many businesses

She claims to have had 25 businesses, yes 25 businesses but now only has 7 that are running successfully 24/7 earning her millions of dollars in revenue.

I have no doubt that she has been hustling with a lot but that does not legitimise any of those hustles as most were shady.

Call me a hater/jealous/poor/broke or whatever but I know a scammy business when I see one and my concern is not a personal matter against her but rather people who fall for the rags to riches story and therefore pay her for business mentoring/wealth management

The following are just few among many red flags about this person's businesses, I welcome any others to contribute in this thread however they want but just keep it respectful.

🚩 Stealing photos from the Internet and editing her name on them for her Ad campaigns, branding them as if they were her actual products and projects while they're not. You source most of her posts just by a Google image search . And they have nothing to do with her.

Aboriginal and Torres Strait Islander Peoples in Australia, suffer grossly disproportionate rates of disadvantage against all measures of socio-economic status.
1-

State, territory & federal governments have introduced programs, & continue to seek to identify further methods, for redressing this disadvantage.
2-

A plethora of government programs have proven to be inadequate when considered against the requirement to raise Indigenous People to a position of equality in Australian society.
3-

The final report card for the 2008-2020 Closing-The-Gap-Program found the program only partially met 2 of the 7 outcome. 12 years on Aboriginal People still have a life expectancy a full decade less than white

Sadly there is little understanding within Australian society of the requirement to and legitimacy of adopting special measures.
5-

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

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.

My friend @itsafronomics wanted to know the breakdown of student debt by income, so I pulled data from the SCF.

Student debt is more concentrated amongst high earners, but disproportionately amongst Black borrowers. The plot below plots the average within Income Quartiles.
1/n

But those are the averages. What's the share that's above 10k? (This is the Biden current cutoff for debt forgiveness, so a useful benchmark).

For comparison, 20% of white Americans have student debt, and 31% of Black Americans.

Let's contrast that with say, above 20k. I was surprised at how high the share remains.

When we get to 50k of student debt, or more, we see it's only about 5% of the US, and around 8% of Black Americans. Strikingly, it's a huge share of high income Black Americans (this is a known fact in the education literature, I believe).

So what does this look like put together? Overall, we see a higher share of Americans with debt above 10k, and 20k. We would cover a decent amount with 10k, but miss Black Americans especially.