Last month, Texas resident Royce Peirce paid $387.70 to heat his two-story house. This month, he owes $8,162.73 — and counting.

Amid freezing temperatures and another looming winter storm, Texans are facing a second crisis: astronomical power

Why are these energy bills so high? You can thank Texas’s power grid for that.

The U.S. is divided into three grids: one covers the eastern states, another the western states, and then there’s the Texas grid, ERCOT, which covers nearly the entire state.

Now you might be wondering: Why does Texas have its own power grid?

If you’re familiar with the state’s history and public policy, you probably already know the answer. In short, Texas has its own grid to avoid dealing with the federal

What we’re witnessing now is a collapse of the state’s power grid.

Amid freezing temperatures, the imbalance between Texas’s staggering electricity demand and its limited supply caused prices to skyrocket from $20 per megawatt hour to $9,000 per megawatt hour — a 450% increase.

One wholesale power supplier, Griddy, made a surprising decision.

CEO Michael Fallquist told Griddy’s 29,000 customers to abandon his service and switch providers: “We want what’s right by our consumers, so we are encouraging them to

1. Michigan : Product of China
Why did Gov. Gretchen Whitmer (D) and Former Gov. Rick Snyder (R) both endorse Joe Biden?
C H I N A !
special guest: Hunter Biden #9

Thread - How to spot a potential multibagger

Multiple fundamental parameters however we cannot be rigid on any of these parameters.

Be flexible to interpret things from bigger picture point of view.

Input 1 ~ No doubt on business survival

Come whatever event (health crisis, economic bubbles, economic recessions, political events, etc.), there should not be any doubt on business survival.

Earlier it used to be only food companies into this category, but now there are many.

Input 2 ~ Visible & sustainable growth potential

At any point of time, we can think with a certain common sense approach that if management wants, there can be a sustainable growth at any point of time.

Obviously this growth may come thru innovation, optimization, etc.

Input 3 ~ Management has vision towards growth

Management should be forward looking, should be able to read into future to build right growth avenues, should be considerate towards every stakeholder.

In addition management should be ethical & should have good social image too.

Input 4 ~ Promoter stake

There should be a reasonable skin in the game from promoter.

If in case there is a low promoter stake, then promoter should increase stake at every possible opportunity.

Also pledging should either be zero or minimal.

1/16

It is a little frustrating to see the response many analysts had to the GDP growth data Chinese released today. These numbers aren’t especially good, and they certainly shouldn’t have been surprising. Back in April and May, when most

2/16

were projecting negative or barely positive GDP growth for China in 2020 (the OECD, for example, expected China’s GDP to contract by 3.7%), I insisted that GDP growth for 2020 would be positive, and probably between 2% and 3%.

Today, it was reported as 2.3%. How did...

3/16

I know? Because I knew that while most of the healthy sources of Chinese growth would contract (except for exports, which would expand given Beijing’s intense supply-side response to the impact of Covid-19), Beijing was going to respond to a significant...

4/16

worsening of the healthy parts of its economy by unleashing enough of the unhealthy, non-productive growth it has long tried to constrain – basically real estate and infrastructure investment – in order to achieve as much economic activity as it...

5/16

needed for domestic political ends.

And that’s exactly what happened. While GDP grew by 6.5% in the fourth quarter, even with substantial tailwinds its retail sales measure – a proxy for consumption – was only up 4.6%, and it was down 3.9% overall in 2020.

An important lesson of the post-Cold War era, learned far too late: allowing totalitarian regimes to interface with the political, economic, and media systems of free nations is like installing a dangerous virus on a computer.

The suicidal folly of globalism was believing the reverse: that freedom and democracy would leak into totalitarian systems and produce quiet revolutions. As we know after 30 years of disastrous experimentation, tyranny is FAR more viral than liberty in the modern world.

Tyranny, like a computer virus, breaks all the rules that allow free markets and democracies to function. Tyranny ruthlessly exploits "weaknesses" in the code of free systems, working from beyond the reach of the legal or social enforcement systems in targeted nations.

Tyrannical nations use brutal methods to extract value from their people, then invest that value to target and destroy industries in free countries, taking control of important supply chains with production unencumbered by the costs free societies impose on their companies.

Tyrannical nations easily overwhelm the media of free societies with propaganda, ideological content and official lies. A tyranny can run op-eds in free-world newspapers while silencing all dissent, both foreign and domestic, in its own state media.

Billionaires see fortunes rise by 27% during the pandemic.

Well would ya look at that.

While the world's been hiding, going broke, losing their homes and businesses, being corralled and penned like little sheep, the

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I think one way of looking at the economic pathologies of our society, without using words like 'capitalism' and 'rentiership', is to talk about inequities in the distribution of risk. Some have more taste for risk than others, sure, but risk is not distributed on this basis.

In the UK, so much of our political troubles come from the growth in the landlord class, who if nothing else, wield disproportionate power relative to their social worth: at one and the same time claim to be martyrs to the risk of investment, and demand these risks be minimised.

Of course, it's possible to make claims like this: e.g., nurses have every right to claim that they shoulder not merely more risk than most, but far more risk than is strictly necessary. The pandemic has made this brutally obvious to anyone who has been paying attention.

However one chooses to tally up compensation for this social role, be it financial, social, or some other privilege, it's pretty obvious that every last 'essential worker' is shouldering more societal risk than most non-essential workers compensated far better than they.

The way this trade off gets (implicitly) articulated as 'pay vs. purpose' is one of the enduring insights of @davidgraeber's Bullshit Jobs. Yet there are many essential workers who don't even get the illusion of purpose in compensation for personal risk (e.g., warehouse staff).

Here @playbookplus goes again: ‘HOW MUCH IS BIPARTISANSHIP WORTH?’ I don't know @politico, how many more months would you like the pandemic to drag on for? How many more dead? How many more people, businesses ruined economically? I'm sorry but this is garbage framing in a crisis.

Oh but this is what powerful people are talking about in DC! Might that point itself be examined with more seriousness than taking this BS at face value? Don't you understand, we just reflect back what people are saying? We are mirrors on the world, we offer no commentary.

If "very serious people" are talking about what "nice number" would be $1.3T, 1.2T and not what we need to get out of this mess, might it be worth saying, perhaps, this conversation w/o reference to epidemiologic or economic reality is just a failure of leadership, governance?

I am bored by being patronised by those telling me ‘don’t you know Remain is dead?, closely followed by ‘Move on.’ I can tell you, I have. That’s why I want to Return. To Europe, for sure. But to something much more than that.

I want to also Return to a positive politics. That’s the form rooted in compassion, care and genuine concern. But it’s also one that’s also learned that economics has moved on from what was taught by that subject in the 1980s, as has our understanding of the environment.

I want a politics that is not based in materialism. Or jingoism. Or nationalism. Or populism. Instead, I want a Return to the principles of mutual respect, tolerance, acceptance and co-existence, with each other and the rest of this world, human and otherwise.

I want a Return to a bias to the least well off. That’s because we all know the best off can already look after themselves. It’s those who have trouble doing so, for whatever the reason, that I want to be the priority in politics. I wonder, who wouldn’t, and why?

I want a Return to long term vision based on principles.

"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?"

"Is your fish industry running okay?"

"No, actually that was the first app to crash."

"You see, that one really needs the EU platform installed."

"Really? But my mate told me fishing would run better without it."

"He sounds confused. Can you reinstall your EU app?"

"What about this app my mate gave me instead? It's called Sovereignty 45."

"Mate, don't touch that. It's malware. It'll reduce your economy down to the levels of 1945."

"But those were the glory years! Weren't they?"

"Mate, when were you born?"

"1960. Why?”

“You have also installed the Hostile Environment firewall which is limiting the capacity of other systems”

"But my mate said those things stop viruses."

"Is your mate's name Nigel by any chance?"

"Yes! How did you -"

"Another wild stab. Those aren't viruses, they are EU workers, and they are vital to the smooth running of your systems."

"But I clicked on a pop-up that said it would get rid of them all for me."

We're not doing any of this because a lot of people were going to catch a cold. We're not destroying our economies and societies because a tiny number of people felt tired for a few months after a cough. We aren't allowing babies and children to die because a new strain

of coronavirus is at large. We were told, in no uncertain terms, that this new virus CAUSES a brand new, deadly disease called Covid-19, the like of which we had never seen before. A disease so horrific that doctors were having emotional breakdowns after treating it. That is what

all of this is based on. The reasoning behind a global reaction which may well lead to the permanent destruction of all the things that make life a worthwhile experience.
In nine months of being immersed in this swamp of information, I have still not found an explanation of what

it is about Covid-19 that makes it so different from other respiratory illnesses.
I think the most important question is this:
What scientific or medical reasoning prevented the message to the public being something along these lines:

'There is a new strain of coronavirus spreading around the world. For the vast majority, it's asymptomatic. Most who have symptoms will experience a mild cold. A tiny number will suffer longer-term fatigue (as is the case with many other viruses). However, for the elderly,

"if you demand more pay, we will replace you with robots" is not a reason to pay people less than it costs them to work for you, it is a reason to have your corporation taken over by the state, or dismantle an unwilling state and rebuild one that does.

corporations and governments are out here accelerating your deaths so they can monetize your remains while some of you assholes go "well $15 is too much"

$15 was insufficient 20 years ago, and it's insufficient now. pay people enough to feed their babies or they will kill you.

if people have nothing left to lose they will act like people with nothing left to lose

i cannot make it clearer than this

capitalism only "works" if you have enough police per so many thousand desperately poor individuals.

capitalism only "works" if you employ enough human beings to be the face of your blatant exploitation.

go ahead and automate and watch how fast people sabotage your shit.

if your government does not keep you fed, healthy, and safe, it has no reason to exist.

government - leadership of any kind, tbh - only exists to centralise the management of common needs, so we don't all have to individually scrabble to survive every day, on our own.

Time for a Scorecard📊and thesis📑updates for purchases done in Feb/Mar 2020. Last review done in late April. How far things have come since then.😯

Not taking any drastic actions, other than few sells in fully valued, slower growth Co.'s.

Events since then
✔️Co's reporting two Qtrly reports
✔️Accelerating growth for few sectors
✔️Understandable problems for few others
✔️Crazy run-ups & valuations in the last 9 mo's, supported by biz growth in some cases, but mostly due to Monetary factors & Investor enthusiasm...

I usually buy for two scenarios

1⃣Leading Co's within strong secular trends, that also have strong Management Teams and solid Financials (Rev growth, Profitability or improving Margins/FCF prospects, no balance sheet risk...).

These are bought with the intention of holding for the long-term as long as the thesis is intact or getting better. Strongly intend to add along the way. Ex : $ROKU $PINS $TWLO $DOCU $W $NOW $WDAY $NVCR $MTCH in the above table.

2⃣More mature and stable Co.'s but with some growth left (no Financial risk), mainly bought for their current under-valuation, with the intent to sell when the Market or those stocks recover. Ex : $BIP $BUD $VTR $BR $BA in above table.

@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 1/ x Cc @DuncanChapple Long intake of breath as I realise I have recently started the wrong MSc....
@aj66inuk and I have been discussing that whilst the world has changed, some things have not. #Sabotage is an outdated concept unless you think that Cyber is an extension..

@tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 2/x an extension of what our former Cold War adversaries were trying to do to us. In 1982 Duncan Campbell spelled out where adversaries would try to attack us. But with Glasnost this became unfashionable and apparently unaffordable.

@tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 3/X Defector information in the public domain gave us some insights was to what the Warsaw Pact threat to our CNI might look like. Discussions with former adversaries, now Polish, (East) German and Czech allies wld be informative here.

@tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 4/X Believing there is a credible threat has always been our challenge here in UK. Understanding how a nation state adversary would come at us would be the next step.
It will be persistent, an adversary like the GRU will have been analysing our CNI for over 70 years

@tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 5/x They will have formed physical and logical plans to attack us. It some cases they may know our assets and our vulnerabilities better than we do. CARVER Shock is an old-school tool that gives an idea how they will come after us. You can apply