Short thread on how DfE sneaked out a £250 million cut to school budgets in the middle of a pandemic and how it will impact the poorest and most vulnerable pupils
No publicity, no great public announcement as @educationgovuk cut £1/4 billion from its Pupil Premium budget
Schools receive extra money for pupils claiming free school meals, it’s currently £935 for secondary & £1320 for primary
This gives schools time to encourage FSM registration & check everything before the dataset is used
Then we had COVID
Despite the government’s furlough scheme & other support, we saw a huge increases in job insecurity and a rise in numbers claiming Universal credit
That’s an extra 200,000 pupils below the UC threshold & entitled to FSM
It seems highly likely the numbers continued to rise, especially with a 2 month lag between UC claims & eligibility
They’ve opened food banks, testing centres, provided laptops to vulnerable families, never closing
@educationgovuk announced they would calculate PP using the October census data rather than January’s
Whereas previously PP would have been triggered in January
This deprives schools of around £250,000,000 in extra funding, hitting the poorest communities the hardest
Of course that’s utter claptrap
They could have given notice of the change, used this Januarys data and then gone to October next year
@GavinWilliamson saved himself £1/4 billion by taking PP away from thousands of vulnerable children
@educationgovuk didn’t give any notice, it was simply imposed
Schools will know FSM numbers & will budget accordingly, they will have spent money expecting to receive PP
Again it’s the poorest hit hardest
Just imagine if @educationgovuk had been ADDING an extra £250 million to school budgets rather than taking it away
We’d see announcement after announcement, @GavinWilliamson doing the rounds of every TV studio, whimpering on about helping disadvantaged pupils
More from Finance
The FSR correct statement “fiscal tightening at a time when output gaps are still projected to be negative could exacerbate the current economic situation.”, caused some stir and many comments in social media. The same regarding the accompanying chart 2/
The FSR uses the Commission forecasts showing a slight increase of the cyclically-adjusted primary budget balance from -3.2% this year to -2.9% in 2021. 0.3% is a small change not comparable with the mistake of 2012/13 when it went from -0.6% in 2011 to +0.5 & +1.4 in 2012/13 3/
I think the primary balance will end-up higher than those forecasts because families and firms will continue to need a lot of support in the first half of the year. Moreover, growth in 2021 is dependent on public expenditure as other demand components will not be very buoyant. 4/
As the FSR says: “A premature withdrawal of policy support and a protracted pandemic could prolong the recession and have permanent scarring effects.” Besides extending income transfers to families and firms, more public investment is indispensable for a robust recovery 5/
Please enjoy a long (irresponsibly LONG) story about central banking, manufactured crises, George Soros, and the Great Reset.
This thred will be much longer and more dry than my usual, pls bear with me. This one's legit important. The first portion will reference works by Dr. Richard Werner, and the latter George Soros.
Note my views are not indicative of those of people quoted. This post does not constitute investment counsel.
To understand current financial conditions you bare minimum have to go back to WWII. Bretton Woods has just been signed, establishing the IMF and World Bank, and the USD as standard for international settlement.
But we're not talking about US history (yet), we have to look at Japan. Unlike Germany, which had it's economy stripped down and sold off by the victorious Allies, Japan's system remained remarkably intact.
More than 15 years ago, I met an Italian who had lodged at KS Motel at Total Gardens, Ibadan.
He was in Ibadan for the first time and he was very fascinated with the city when I informed him that Rome and Ibadan shared a very unique similarity: both of them are built on seven hills. He asked me to take him round Ibadan which I did.
The seven hills are Oke Padre, Oke Ado, Oke Bola, Oke Mapo, Oke Are, Oke Sapati and Oke Mokola. But Ibadan is not just a city of hills. It is also a city of 'bottoms'. Loosely translated, 'idi' means bottom or the backside.
Several people have attached sexual innuendoes to the names. However, the actual translation indicates that some of the 'idis' indicate how the settlers converged at a point thereby leading to how they arrived at the names given.
Go round the city and you can locate Idi-Arere, Idi-Ose, Idi-Ishin, Idi-Ape, Idi-Ayunre, Idi-Obi and Idi-Ito.
As I understand it, by shouldering the financial risk, self-insured employers can curate a list of more relevant benefits ... (1/10)
... thereby avoiding paying out lofty insurance premiums for services that its employees don't use or want. There seems to be a long list of intangible benefits having to do with talent acquisition and retention, but I'd like to understand the cost equations more fully. (2/10)
In the context of multi-cancer screening, I'm skeptical that it could be cost-saving for small or medium-sized employers (<500 employees). Assuming a representative sample of the population, there are simply too few cancers and too many false positives w/ expensive ... (3/10)
... diagnostic follow-ups to bend the unit-economics in the right direction. Indeed, for larger self-insured employers, maybe on the order of thousands of employees, the dynamics may change. Each true positive is a chance to save on treatment cost and (possibly) to ... (4/10)
... extend life. However, employers won't likely be able to distinguish between true life-extension and lead-time bias without prospective, randomized studies, which are due out in the 2024-25 timeframe. Still, these likely will include interim endpoints only. (5/10)
• 8 powerful ways to use Twitter
• Power of Stocks
• 14 Trading Strategies
• Basics of Derivatives (3 parts)
• Technical Analysis for all sectors
• Tweets of the week
• Books on Futures
All the Top 10 tweets threads I have ever posted to date:
Every week, I post a thread with the top ten tweets.— Aditya Todmal (@AdityaTodmal) January 7, 2022
People seem to enjoy these a lot.
\U0001f9f5 Here's a list of all of them in order of appearance: \U0001f9f5
Basics of Derivatives Part 1:
\U0001d401\U0001d41a\U0001d42c\U0001d422\U0001d41c\U0001d42c \U0001d428\U0001d41f \U0001d403\U0001d41e\U0001d42b\U0001d422\U0001d42f\U0001d41a\U0001d42d\U0001d422\U0001d42f\U0001d41e\U0001d42c— Nikita Poojary (@niki_poojary) January 8, 2022
\u2022 What is a derivative
\u2022 Various derivative products
\u2022 Participants in derivatives market
\u2022 Uses of derivative instruments
\u2022 Beta & hedge ratio
\u2022 Option Greeks
Time for a Thread \U0001f9f5
Curated in collaboration with @AdityaTodmal pic.twitter.com/x6IHoQubOT
8 powerful ways to use Twitter:
Basics of Derivatives Part 2:
\U0001d401\U0001d41a\U0001d42c\U0001d422\U0001d41c\U0001d42c \U0001d428\U0001d41f \U0001d403\U0001d41e\U0001d42b\U0001d422\U0001d42f\U0001d41a\U0001d42d\U0001d422\U0001d42f\U0001d41e\U0001d42c - \U0001d40f\U0001d41a\U0001d42b\U0001d42d \U0001d408\U0001d408— Nikita Poojary (@niki_poojary) January 15, 2022
\u2022 How options can be used
\u2022 How to trade in options & exit strategy- buyers
\u2022 Imp of theta decay
\u2022 How to trade in options & exit strategy -sellers
Time for a Thread\U0001f9f5
Curated in collaboration with@AdityaTodmal pic.twitter.com/Ebd99afDKB
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I wish I had this... — don't excuse yourself. Forget about what you can't and focus on what you can.
Stop comparing yourself to others, come from the point of what you have, know and have: "I can... so I will do..!" #MyMindset
BTW this was an update of one of the previous tweets. And I'm continuing this thread today!
Focus only on positive things! These include what *you* have, know and can do. If you don't have, know or cannot do something either get it or ignore it. Don't think about it and don't use it as an excuse.— Gleb Sabirzyanov (@zyumbik) October 17, 2018
I've been struggling to follow this principle for a long time. #MyMindset pic.twitter.com/SK5vtwHs3G
Do something for the long-term. Everything else is a distraction. 🛑 Nowadays I always check if the thing I'm doing aligns with my long-term plans. If not — that is probably not the best thing to do at the moment. #MyMindset
The only way to get more done is to have less to do. Eliminate your obligations, say "no" to things that are not important, stay minimal in what you do, focus. Being busy is not equal to getting things done. #MyMindset
Situated on the banks of the river Kaveri, Magudeswarar Temple is one among Paadal Petra Shiva Sthalam. Kshetram is famous Parihara Sthala for Naga Dosham and for performing Tarpanam to the departed souls.
There are 3 sannidhi here for Paramashiva, Mahavishnu and Brahma Deva.
Sthala Puranam says that once Adisesha and Vayu Deva placed Meru parvat at the centre to decide who is stronger among them. Parvatam was held tightly by Adisesha and Vayu blew the wind to push Parvatham.
In this struggle, peak of meru parvatham broke into 7 pieces and fell in different places as precious gems. Diamond fell at Kodumudi as Magudeswarar. Panchamirtham abhishekam is very famous here. Vanni tree situated here is very old which contains medicinal values.
It is believed that Agasthiya Muni did Prathishta of Shiva Lingam here. As Adisesha is one of the reason for creation of the temple, this is famous Parihara Sthalam for Naga Dosham. It is believed that those who
who take a bath in the river Kaveri and worship paramashiva and mahavishnu, will be cured of diseases and will get relief from all illness.
Om Namah Shivaye
Om Namo Narayanaya
Yahoo, who bought Tumblr years ago, used to have a huge adult presence on the early net. They allowed adult groups and what not.
However, people and bots (just like now) misused the service, and Yahoo were forced to make a choice. They made private the groups (and later closed them down and sold some of it to other companies) and then ended their chatrooms on yahoo messenger...
after a incident with one of the chatrooms vid cams. The damage was done, Yahoo Messenger lost a lot of people - and with the closing of the groups - backpage and Craigslist came more important.
Now backpage is no more and Craigslist is slowly passing away. Tumblr had a semi strong community, but once 2014 came around and both porn, and political bots exploded the quality started to go down,
USC's Interactive Media & Games Division cancels all-star panel that included top-tier game developers who were invited to share their experiences with students. Why? Because there were no women on the
ElectronConf is a conf which chooses presenters based on blind auditions; the identity, gender, and race of the speaker is not known to the selection team. The results of that merit-based approach was an all-male panel. So they cancelled the conference.
Apple's head of diversity (a black woman) got in trouble for promoting a vision of diversity that is at odds with contemporary progressive dogma. (She left the company shortly after this
Also in the name of diversity, there is unabashed discrimination against men (especially white men) in tech, in both hiring policies and in other arenas. One such example is this, a developer workshop that specifically excluded men: https://t.co/N0SkH4hR35