Categories Finance
Read this first đ
As someone working in the creator economy space, I love the movement that Substack started.
They mainstreamed paying for independent writing, and changed the lives of thousands of writers in the process.
But they're building for a specific type of creator.
Substack has made it clear that they're focusing on professional writers.
(Putting my product hat on, this is a smart strategy for them to differentiate and win a specific market)
In 2020 they rolled out initiatives like grants, legal support, and mentorship for writers.
If you call yourself "not tech-savvy", their platform is the easiest out-of-the-box option.
Want to take some time off? One of their smartest features gives writers the power to pause paid subscriptions.
If you're a professional writer, Substack might be a good option for you to start with.
But, there are successful writers who are 'graduating' from Substack when they discover a few
Interesting point from @JayCoDon on why he left Substack.
— Austin Rief \u2615\ufe0f (@austin_rief) December 16, 2020
"Substack" becoming synonymous with "newsletter" on Twitter certainly has its pros.
But, there are also cons that may turn off future creators. pic.twitter.com/o5BhWxFv4x
Indigenous beadwork prices are high bc it's reparations
— mango \u2606 (@pamiuqtuq) January 4, 2021
Every time I see a bead artist break down their pricing, they always give themselves "minimum wage", which as we know is less than half of an actual living wage. We deserve a living wage for our art, but I know none of us actually gets that
Beadwork is my full time job, I've charged up to 200$ for a single piece because I need to make rent and pay bills and some of these large pieces take me days or even a week to complete.
I give myself minimum wage for my labour, I don't charge for the hours I spend packing and shipping orders, Etsy takes a cut, and I still have to charge upwards of 100$ for many pieces because beadwork is hard fucking work. It's a slow process, literally one bead at a time.
I constantly struggle with balancing paying myself a fair wage, keeping my work accessible, not giving people a lowball idea of what beadwork actually costs therefore undercutting other artists... its not easy.
I am deeply concerned by reports that the incoming administration of President-elect Joe Biden may repeal the Presidential permit for the Keystone XL border crossing next week.
— Jason Kenney (@jkenney) January 18, 2021
My full statement: pic.twitter.com/vZjun1IdMH
There is a logic to public investment to indemnify a project against political risk in some situations: where the government making the investment has some control or influence over that risk.
It serves the same function as a change in law provision in a contract with government: the government accepts the losses of the prospective policy change that creates the risk. The losses are allocated to the party who can best avoid them.
The federal government's TMX investment is one example. The major impediments apparent were largely under Ottawa's control: adequate environmental assessment and adequate FN consultation.
By making the investment, Ottawa either carries out the necessary actions to allow TMX to proceed, or suffers the losses of failing to do so.
Another #thread đ
A few days ago I complained about a bad piece by @GuardianNigeria, in which they were busied themselves dividing distance by cost and then proceeding to make wild comparisons between rail projects. While also getting cost wrong in some cases.
Just seen a very poor piece from @GuardianNigeria. Trying to Compare rail projects while getting basic facts wrong & making embarrassingly pedestrian (no pun intended) points.#LagosIbadanRail = 156km distance but actual rail length close to 400km because DOUBLE-track\u2014not SINGLE pic.twitter.com/H6sgulUA1I
— tolu ogunlesi (@toluogunlesi) January 19, 2021
The nuances of procurement, whether public or private sector, can hardly be accurately conveyed in your typical news headline, especially when headlines are driven mostly by virality ambitions. Always good to try and understand full picture before jumping to conclusions.
Important point: Itâs very necessary for citizens to be able to assess public procurement projects for transparency & cost-efficiency. So Iâm not saying donât ask questions. Far from it. Iâm simply saying all assessments MUST be based on a full picture, not headlines / conjecture
Take example of Super Tucanos. Youâd read somewhere that Nigeria signed an almost $600m deal with the US Govt for 12 aircraft. Guess what our papers will do đ
Theyâll do their typical âdividingâ and say Nigeria paid $50m per aircraft. (The plane is not that expensive btw).
Seems like the AGs job is to constantly make recommendations that are ignored. How ironic is it that the Ministry that is responsible for distributions to the poor is also the one that has some of the glaring 'irregularities'.
Poor decisions at dozens of government departments have exposed more than $40 billion of taxpayers\u2019 money to loss or misuse, an analysis of the last two auditor general annual reports has shown. Read more here: https://t.co/vLwkhZlmDs #GLNRToday pic.twitter.com/Ymmdlnp0OM
— Jamaica Gleaner (@JamaicaGleaner) January 17, 2021
"Nowhere was the picture more stark than in Karl Samudaâs MLSS, which the auditor general argued has been persistent in ignoring recommendations over the years to improve its stewardship of public funds."
That ministry alone accounted for unresolved monetary risks of 3.3 billion
173 million in transactions could not be verified because of inadequate supporting documents.
173 million..
Tardiness...
Disregard for it's own internal audit..
Significant internal control deficiences....
Lack of appetite to fix the problems flagged as far back as 2011!!!
This was already known but
"In a damning 2018 audit, Monroe Ellis found that in 2017, without permission, the NIF spent 27 million to purchase shares owned by the spouse of a senior executive."
Uncovered alleged 600 million fraud in 2018...
50 million in payments made to companies without valid contracts....
That brings total taxpayer exposure to 35 billion...
theyâre asking for ONE BILLION DOLLARS in additional funding for the rape kits ALONE.
Survivors deserve policies that protect them and support their fight for justice. As President Biden and Vice President Harris take office, we\u2019ve sent them a letter outlining the actions we\u2019d like to see their administration prioritize over the next 4 years. @rainnaction 1/5 pic.twitter.com/dAuhCslVTm
— RAINN (@RAINN) January 26, 2021
notice many of these points are about giving more money to the state so they can put more people in jail.
iâve long said the concept of a ârape kit backlogâ is copaganda. it helps cops look like theyâre not the ones actively sabotaging rape cases AND justify get more $$ for an issue they donât care about.
"as you know, this means that thousands of sexual offenders remain at large, free to reoffend"
Carceral.
Ah, yes, trauma-informed abuse đ¤Š
Notice how they use "strongest predictor of arrest" as a metric for success. So it isn't even about victims...its about the system throwing more people in jail. They keep talking about rapists being "at large#"