BC SOCIETY
Saved by @jay_millerjay

A reminder that the Texas power grid is run by the STATE. Stop blaming city or county officials for power outages.

 Texas is the only state with a power grid separated from the rest of the country. "The separation of the Texas grid from the rest of the country has its origins in the evolution of electric utilities early last century."
"In 1935, President Franklin D. Roosevelt signed the Federal Power Act, which charged the Federal Power Commission with overseeing interstate electricity sales. By not crossing state lines, Texas utilities avoided being subjected to federal rules."
"The Texas grid is called ERCOT, and it is run by an agency of the same name — the Electric Reliability Council of Texas. ERCOT does not actually cover all of Texas. El Paso is on another grid, as is the upper Panhandle and a chunk of East Texas. "
"The ERCOT grid remains beyond the jurisdiction of the Federal Energy Regulatory Commission, which succeeded the Federal Power Commission and regulates interstate electric transmission."
Here's a little mini-explainer: https://t.co/Ct1tP3DavR
This isn’t the first time that weatherization has been an issue with equipment failure and rotating outages in Texas. We can look back to 1989 and 2011 for the previous worst Texas power grid management failures.
"In August 2011, six months after an ice storm crippled much of the state and resulted in rotating outages, the Federal Energy Regulatory Commission and the North American Electric Reliability Corporation issued a report with recommendations."
"That investigation revealed what happened in 2011, also happened in 1989, which is the first time ERCOT ever implemented rotating outages." So the federal investigation identified problems. And made recommendations. But could not mandate implementation.
And that is because Texas avoided federal regulation. So it was up to Texas to implement changes to avoid another major power grid failure and disaster. Oh, here we are again. Guess what?
"Winterizing equipment – making sure it can sustain extended periods of below-freezing temperatures – has never been a requirement in Texas like other states."

Oh. Muh freedoms.
Implementing the recommended power grid upgrades to avoid this failure costs money, and unregulated Texas state control of the power grid means Texas could implement - or not - at their leisure, with no federal control or penalty for failing to do so.
Everyone screeching at city or county officials for power outages or blaming "green energy" or whatever is misguided. The state has had TEN YEARS to figure out how to manage a crisis like this arctic blast. Cities & counties are scrambling to mitigate, but they have no control.
At any rate, here's hoping Texas figures out that mandating an upgrade in power grid and procedures is a good thing, or we'll be right back in this situation when the next winter surprise - not a surprise, really - arrives.

Additional sourcing: https://t.co/EmZPtl1gKq
And while we are here: "Don’t point too many fingers at Texas wind turbines, because they’re not the main reason broad swaths of the state have been plunged into darkness."
"While ice has forced some turbines to shut down just as a brutal cold wave drives record electricity demand, wind only comprises 25% of the state’s energy mix this time of year. The majority of outages overnight were plants fueled by natural gas, coal and nuclear."
"In Texas, where 25 gigawatts of wind capacity feeds into the state’s main power grid, wind can sometimes produce as much as 60% of total electricity." BUT . . .
"because wind power tends to ebb in the winter, the grid operator typically assumes that the turbines will generate only about 19% to 43% of their maximum output."

Wind power is supplemental to help go green, not a substitute, and certainly not the core power resource.
“The performance of wind and solar is way down the list among the smaller factors in the disaster that we’re facing,” says Daniel Cohan, associate professor of environmental engineering at Rice University. Blaming renewables for the blackouts “is really a red herring.”
This is one of many news items with headlines about wind turbines in Texas going down that turns out to explain why they are not at the top of the list of the causes of the Texas power failures: https://t.co/ShQit9dlM6
NOTE: I'm no energy expert. Work I have done in that area is oil & gas and not in any technical/engineering capacity. Anyone can google this up. ProTip: stay away from right wing media when you do :P
Here is an actual expert to follow: https://t.co/Oz9idXU5uQ

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global health policy in 2020 has centered around NPI's (non-pharmaceutical interventions) like distancing, masks, school closures

these have been sold as a way to stop infection as though this were science.

this was never true and that fact was known and knowable.

let's look.


above is the plot of social restriction and NPI vs total death per million. there is 0 R2. this means that the variables play no role in explaining one another.

we can see this same relationship between NPI and all cause deaths.

this is devastating to the case for NPI.


clearly, correlation is not proof of causality, but a total lack of correlation IS proof that there was no material causality.

barring massive and implausible coincidence, it's essentially impossible to cause something and not correlate to it, especially 51 times.

this would seem to pose some very serious questions for those claiming that lockdowns work, those basing policy upon them, and those claiming this is the side of science.

there is no science here nor any data. this is the febrile imaginings of discredited modelers.

this has been clear and obvious from all over the world since the beginning and had been proven so clearly by may that it's hard to imagine anyone who is actually conversant with the data still believing in these responses.

everyone got the same R
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I happen to be wearing one of those masks, because I think lungs are important and I like breathing. I dunno. One of the men notices me standing there, and says, "Like this f*cker right here. What is this shit?"

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THREAD: We filed RTIs on behalf of @no2uid asking the Ministry of Health and Family Welfare questions about how your personal data will be protected while you're using CO-WIN, the COVID-19 vaccination registration platform.

We got answers... kind of. Here's the new info.

1/n


Just like with Aarogya Setu, many Indians are worried that about the potential CO-WIN has to leak your data or threaten your privacy in the name of dealing with a pandemic. So, we asked the MOHFW some questions about data protection under the Right to Information Act.
2/n


In the responses we received, MOHFW said that it cannot provide us with a privacy policy on CO-WIN (?!).

Thankfully it was clarified that Aadhaar is not mandatory for registration on Aarogya Setu or CO-WIN, and that physical vaccine certificates will be provided to everyone.
3/n

The data it says it will collect will be your name, gender, date of birth, photo ID, and number.

National, State, and District level admins will have access to use the app, but there is not much further clarity on this point.

But most importantly...
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The responses (or rather lack of them) related to your data privacy and protection are completely vague. We received no clear answers on which Ministries/Depts will have access to your personal data, the permissions provided, etc. This is a failure in terms of transparency.
5/n
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Priyashmita
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@priyashmita
What did failure and going broke teach me?
Here are some of the top few things I learnt.
1. You rarely learn things overnight.Honestly I learnt things over a period of time.I failed 6 years back and today I feel,yes I have learnt a few things.There is no hurry. No exam happening

2. MOST IMPORTANTLY. Failure isn't the end and it's ok to fail. It is not your desired state of affairs but it won't end. Learn to pick up the pieces and try for another day. As Scarelett O'Hara "After all Tomorrow is another day"

3. Don't romanticise failure. It is not something you want people to go through. While it's important to remind people, world won't end, don't make it look like its some romantic notion that every successful person should go through. It isn't

4. It's absolutely fine not to be able to talk about your failure. There is no greatness in speaking about it. I do, cause I came out of it.And yet it took me time. I know how much I struggled to deal with the blow. How ashamed I felt of letting all down. It's part of the process

5. Go for therapy. If you a start up person, reach out to people. Today's start up world is different. People help each other. Reach out. There is a world out there willing to help you. There will be people who will shun you (but you will find more of them when you successful)
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Marshall Steinbaum \U0001f525
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My wonderful @jainfamilyinst colleagues @laura_bmw & @Edi_Nilaj have released their new report "Student Debt and Young America," which pretty comprehensively demolishes many of the myths about who does and doesn't have student debt.
https://t.co/y02KFosRQ3
Highlights to follow
/1

@laura_bmw @Edi_Nilaj First of all, look at this one chart that tells you why the student debt crisis is happening: rising debt; stagnant income, and the gap has opened widest for minority borrowers.
/2


You look at that chart and you see the total failure of the human capital model to explain labor market outcomes, insofar as it even is a falsifiable social science hypothesis.
/3

Second, while it's true that total loan balances are increasing in income, student debt has increased most over time among the lowest-income groups. This tells you that student debt is becoming a marker of the disadvantaged rather than the advantaged.
/4


Third, balances on outstanding loans are rising over time, not declining. As I said in my last report, the student debt crisis is a crisis of non-repayment. This is why it's foolish to think the student debt is ever going to be paid back, whether it's cancelled now or not.
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KANTESHA means Prabhu full of brightness.
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Kanaka Dasa has praised Sri Kantesha in his various poetic compositions.


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Lessor known facts of Sudarshan Chakra or Neela Chakra of Puri Jagannath Temple.

The metal wheel at the top of Bhagwan Jagannath temple is also known as Neela Chakra (Blue Wheel). The wheel is made of eight metals comprising of.. 1/n


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So, you’re a writer and you’re worried about writing outside your immediate experiences and identities.

Here is the thread of practical advice for you.

EXAMINE YOUR MOTIVES. Why do you want to write this?

Are you trying to solve racism/sexism/colonialism with your work?

As writers we love stories about heroic writers whose work has changed the world. And as such we like to look to our own writing to solve societal problems.

And I understand this completely, not the least because I’ve felt the pull.

But if you’re looking to play saviour with your words, it is unlikely that you will do the marginalised people you are trying to save justice.

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Mitesh Patel
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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
BNF , MPATELOPTIONSLEARNINGS , OPTIONSLEARNING
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