The report is available here: https://t.co/mrvWz1IzIe
1/OK, data mystery time.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
The report is available here: https://t.co/mrvWz1IzIe
The graph cites the World Development Indicators as its source for the income inequality data.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
Everyone except the "Fair Progress?" report, and the New York Times feature, seems to agree that the World Bank's most recent estimate of China's Gini is 42.2.
But the GDIM doesn't have income GINIs. So that can't be where these weird numbers were from (unless the data was mislabeled).
https://t.co/vmzz57YeFf
Wow. China has higher income mobility and lower inequality than the United States https://t.co/29BHdzbAll
— Tanay Jaipuria (@tanayj) November 19, 2018
(end...for now)
The Gini number the NYT used was from the 1980s. It was not labeled as such.
Hi Noah, Thanks for reaching out. The figure you refer to shows a Great Gatsby curve that plots income mobility against inequality for parents generation, i.e. inequality in 80s. Gini for China is around 0.3 at that time, and can be found in PovCalNet & @BrankoMilan All the Ginis
— Roy Van Der Weide (@rroyji) November 19, 2018
More from Noah Smith
1/I'm thinking about the end of Apu in the context of the national debates on immigration and diversity.
2/Apu's presence in Springfield represented a basic reality of America in the late 20th and early 21st century: the presence of nonwhite immigrants.
3/As Tomas Jimenez writes in "The Other Side of Assimilation", for my generation, immigrants from India, China, Mexico, and many other countries aren't strange or foreign. On the contrary, they're a
4/But that America I grew up with is fundamentally ephemeral. The kids of immigrants don't retain their parents' culture. They merge into the local culture (and, as Jimenez documents, the local culture changes to reflect their influence).
5/Simpsons character don't change. But real people, and real communities, do. So a character who once represented the diversity that immigrants brought to American towns now represents a stereotype of Indian-Americans as "permanent foreigners".
\u2018The Simpsons\u2019 producer confirms Apu is being written out of show following controversy https://t.co/lKzFCe1wFa pic.twitter.com/s34IUDUtqs
— NME (@NME) October 26, 2018
2/Apu's presence in Springfield represented a basic reality of America in the late 20th and early 21st century: the presence of nonwhite immigrants.
3/As Tomas Jimenez writes in "The Other Side of Assimilation", for my generation, immigrants from India, China, Mexico, and many other countries aren't strange or foreign. On the contrary, they're a
4/But that America I grew up with is fundamentally ephemeral. The kids of immigrants don't retain their parents' culture. They merge into the local culture (and, as Jimenez documents, the local culture changes to reflect their influence).
5/Simpsons character don't change. But real people, and real communities, do. So a character who once represented the diversity that immigrants brought to American towns now represents a stereotype of Indian-Americans as "permanent foreigners".
This thread demonstrates that a lot of academic writing that *looks* like utter nonsense is merely scholars dressing up a useful but mundane point with a ton of unnecessary jargon.
My theory is that the jargon creates an artificial barrier to entry. https://t.co/MqLyyppdHl
If one must spend years marinating one's brain in jargon to be perceived as an expert on a topic, it protects the status and earning power of people who study relatively easy topics.
In econ, a similar thing is accomplished by what recent Nobel prize winner Paul Romer calls "mathiness": https://t.co/DBCRRc8Mir
But mathiness and jargon are not quite the same...
Jargon usually doesn't force you to change the substance of your central point.
Mathiness often does. By forcing you to write your model in a way that's mathematically tractable (easy to work with), mathiness often impoverishes your understanding of how the world really works.
has written about this problem:
Imagine for a moment the most obscurantist, jargon-filled, po-mo article the politically correct academy might produce. Pure SJW nonsense. Got it? Chances are you're imagining something like the infamous "Feminist Glaciology" article from a few years back.https://t.co/NRaWNREBvR pic.twitter.com/qtSFBYY80S
— Jeffrey Sachs (@JeffreyASachs) October 13, 2018
My theory is that the jargon creates an artificial barrier to entry. https://t.co/MqLyyppdHl
If one must spend years marinating one's brain in jargon to be perceived as an expert on a topic, it protects the status and earning power of people who study relatively easy topics.
In econ, a similar thing is accomplished by what recent Nobel prize winner Paul Romer calls "mathiness": https://t.co/DBCRRc8Mir
But mathiness and jargon are not quite the same...
Jargon usually doesn't force you to change the substance of your central point.
Mathiness often does. By forcing you to write your model in a way that's mathematically tractable (easy to work with), mathiness often impoverishes your understanding of how the world really works.
has written about this problem:
Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
More from Society
Patriotism is an interesting concept in that it’s excepted to mean something positive to all of us and certainly seen as a morally marketable trait that can fit into any definition you want for it.+
Tolstoy, found it both stupid and immoral. It is stupid because every patriot holds his own country to be the best, which obviously negates all other countries.+
It is immoral because it enjoins us to promote our country’s interests at the expense of all other countries, employing any means, including war. It is thus at odds with the most basic rule of morality, which tells us not to do to others what we would not want them to do to us+
My sincere belief is that patriotism of a personal nature, which does not impede on personal and physical liberties of any other, is not only welcome but perhaps somewhat needed.
But isn’t adherence to a more humane code of life much better than nationalistic patriotism?+
Göring said, “people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country.”+
\u0926\u0947\u0936 \u092e\u0947\u0902 \u092a\u0939\u0932\u0940 \u092c\u093e\u0930 \U0001f1ee\U0001f1f3
— AAP (@AamAadmiParty) March 12, 2021
\u0926\u0947\u0936\u092d\u0915\u094d\u0924\u093f \u0915\u0940 \u0938\u094d\u092a\u0947\u0936\u0932 \u0915\u094d\u0932\u093e\u0938 \u0932\u0917\u093e\u090f\u0917\u0940 @ArvindKejriwal \u0938\u0930\u0915\u093e\u0930\u0964
\u090f\u0915 \u092a\u093e\u0920\u094d\u092f\u0915\u094d\u0930\u092e \u092c\u0928\u093e\u092f\u093e \u091c\u093e\u090f\u0917\u093e, \u091c\u093f\u0938\u0938\u0947 \u092c\u091a\u094d\u091a\u094b\u0902 \u092e\u0947\u0902 \u0915\u0942\u091f \u0915\u0942\u091f \u0915\u0930 \u0926\u0947\u0936\u092d\u0915\u094d\u0924\u093f \u092d\u0930\u0940 \u091c\u093e\u090f\u0917\u0940\u0964 pic.twitter.com/iO6WMBh4YG
Tolstoy, found it both stupid and immoral. It is stupid because every patriot holds his own country to be the best, which obviously negates all other countries.+
It is immoral because it enjoins us to promote our country’s interests at the expense of all other countries, employing any means, including war. It is thus at odds with the most basic rule of morality, which tells us not to do to others what we would not want them to do to us+
My sincere belief is that patriotism of a personal nature, which does not impede on personal and physical liberties of any other, is not only welcome but perhaps somewhat needed.
But isn’t adherence to a more humane code of life much better than nationalistic patriotism?+
Göring said, “people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country.”+
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These are going to be very simple yet effective pure price action based scanners, no fancy indicators nothing - hope you liked it.
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One of the classic scanners very you will get strong stocks to Bet on.
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Hourly Breakout
This scanner will give you short term bet breakouts like hourly or 2Hr breakout
Volume shocker
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Facebook originally a CIA program called "LifeLog".
LifeLog, via DARPA, terminated on Feb 4th, 2004.
Facebook was launched on Feb 4th, 2004.
Many of the LifeLog team became execs at FB.
Zuckerberg is a figurehead.
CIA allowed Cambridge to help Trump win
https://t.co/enzOXDCogV
Pentagon Kills LifeLog
LifeLog, via DARPA, terminated on Feb 4th, 2004.
Facebook was launched on Feb 4th, 2004.
Many of the LifeLog team became execs at FB.
Zuckerberg is a figurehead.
CIA allowed Cambridge to help Trump win
https://t.co/enzOXDCogV
Project: Lifelog
— Robert Horan (@Robby12692) December 13, 2018
Started by DARPA in 1999, the goal of Lifelog was to create a database on civilians without their knowledge, and track everything they do.
The project "ended" on Feb 4th, 2004.
Facebook began the exact same day.
The CIA funneled tens of millions into Facebook. pic.twitter.com/r7hwF0v9kh
Pentagon Kills LifeLog