The very idea that we should concern ourselves with establishing rules of conduct that guarantee equal treatment for both ourselves & for the racist, murdering fascists who are aiming to carry out genocide & overthrow democratic governments makes no sense.

1. SolarWinds - an IT monitoring company with the NSA, all five military branches of the Pentagon, and several major civilian agencies, had their software hacked by the Russian hacker group Cozy Bear yesterday, the same group responsible for the 2016 DNC hack.

2. SolarWinds uses a protocol called Orion Improvement Protocol (I believe this is a wrapper for RMON and SNMP calls), and this protocol was hacked at Treasury and NTIA, the National Telecommunication advisor agency.

3. As a veteran of hacking forensics, I always look at modus operandi by malicious groups and at human factor compromises as the first investigative avenues to pursue. My research partner Jen Moore discovered Pavel Yershov lead the 2016 attack for GRU also worked for Microsoft.

4. Interesting that Warren Flood also works for Microsoft Pro Services, and he was intimately involved in the 2016 DNC Microsoft GRU "Hack". Flood and his wife were instrumental in the Dominion Voting Machine purchases in Wayne County, Michigan and the State of Georgia,

5. Even more interesting that Warren Flood has worked for a long time for Joe Biden as has his wife.

1. Ten Days of Darkness have begun – & would end Inauguration Day 20 Jan.

Since 6 Jan. Washington DC has been under lockdown. President Trump has mobilized the Military & they were collecting evidence of political elite conspiring with foreign nations to take over the
U.S.

A thread on... where we are as Americans.

Since I was a kid, I've been a 'news junkie'. Read both local newspapers every day, all the newsmagazines, and watched every local & national newscast. I even wrote & voiced a national financial news broadcast for several years.

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Even after I left broadcasting, I continued to consume all the news within reach. Religiously watching all the Sunday shows, writing letters to the editor, and plowing into Social Media- when it first started! I even watched all the late-nite comics for their witty snark.

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Now, for the first time in my life, I don't. I keep up with events, and still read voraciously, but I just can't watch or read the majority of the corporate news. Because most of it ISN'T news anymore, but a sad self-parody akin to the 1976 Movie 'Network'.

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Paddy Chayefsky wrote a scathing satire of a news network so consumed with ratings that it eschewed journalistic ethics in favor of sensationalism and pushing narrow corporate and political interests. That sadly, is no longer parody.

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The line between 'hard news' and opinion was erased at most outlets long ago. We no longer talk of 'objectivity' or hearing both sides'. People refer to most (formerly) 'hard news' outlets by their ideological slant, and the agenda they push.

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While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

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downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

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borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

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a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

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the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...