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
"Competitive wokeness", like "virtue signaling" and "preference falsification", seems to be something people on the right say in order to pretend that people on the left don't really believe what they claim to believe.
Basically we have a whole bunch of ways of saying "You can't possibly believe that!!". Which helps us avoid the terrifying fact that yes, people generally do believe it.
Of course, "believe" doesn't mean what it means in econ class. It means that people get a warm feeling from asserting something, even if they don't know what it means. "God is omnipotent", etc.
A lot of times we believe extreme things, simply because asserting those things all together in a group gives us a warm feeling of having an army on our side.
It's not competitive wokeness. It's COOPERATIVE wokeness.
"Virtue signaling" isn't fake or pretend. It's real.
"Virtue", when it comes right down to it, means membership on a team.
Sometimes, to prove you're on a team, it helps to say something people on the other team could never bring themselves to say.
"She now finds herself in the uppermost echelons of the culture industries, where woke liberalism is de rigueur and departures from it are stigmatized." @reihan on Taylor Swift's swing towards politics: https://t.co/cKW4LoY9IV
— The Atlantic (@TheAtlantic) October 11, 2018
Basically we have a whole bunch of ways of saying "You can't possibly believe that!!". Which helps us avoid the terrifying fact that yes, people generally do believe it.
Of course, "believe" doesn't mean what it means in econ class. It means that people get a warm feeling from asserting something, even if they don't know what it means. "God is omnipotent", etc.
A lot of times we believe extreme things, simply because asserting those things all together in a group gives us a warm feeling of having an army on our side.
It's not competitive wokeness. It's COOPERATIVE wokeness.
"Virtue signaling" isn't fake or pretend. It's real.
"Virtue", when it comes right down to it, means membership on a team.
Sometimes, to prove you're on a team, it helps to say something people on the other team could never bring themselves to say.
Bloomberg Ideas conference now starting! I will be live-tweeting it. You can watch on our Facebook or Twitter pages (links below)!
Our first panel is about cryptocurrency! We have @matt_levine, @tylercowen, @eiaine, @nirkaissar, and Camilla
Ou: Crypto will be useful for the unbanked.
Cowen: Crypto has to compete against a bunch of other emerging payments technologies. Bitcoin is too inflexible.
Cowen: I'll bet on the payments companies over crypto.
Today and tomorrow we'll be having a Bloomberg Ideas event!
— Noah Smith (@Noahpinion) October 25, 2018
Today will be a panel on cryptocurrency.
Tomorrow will be panels on the economics of AI, and on regulation of big tech companies.
You can watch livestreams here:https://t.co/1dC0ELGvabhttps://t.co/Juz5Mp2EC1 pic.twitter.com/VfxOscNflo
Our first panel is about cryptocurrency! We have @matt_levine, @tylercowen, @eiaine, @nirkaissar, and Camilla
Ou: Crypto will be useful for the unbanked.
Cowen: Crypto has to compete against a bunch of other emerging payments technologies. Bitcoin is too inflexible.
Cowen: I'll bet on the payments companies over crypto.
More from Society
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
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
this methodology is a little complex, so let me explain what i did.
— el gato malo (@boriquagato) May 30, 2020
a few EU countries provide real day of death data. this lets us plot meaningful curves to show rate of disease change.
what struck me is how similar all the curves were.
everyone got the same shape. pic.twitter.com/bN0hILzoSl
So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
Okay, let's do this summary again since there seems to be a collective amnesia relating to Christian Abolitionism in America.
Here again is a summary of the Christian Abolitionists’ arguments against enslavers’ appeals to the Scripture: Thread
Here again is a summary of the Christian Abolitionists’ arguments against enslavers’ appeals to the Scripture: Thread
Slavery is not a sin. It is never outlawed by the Bible. Manstealing is but not slavery.
— micah (@laborersarefew) February 20, 2021
Murdering babies and sodomy are sins according the the Bible. YOU don't get to make up things as you go Dolly, neither do I or Malachi.
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#ArudraDarisanam
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After removing the sandal paste,day long rituals & various abhishekam will be https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year
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#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.
After removing the sandal paste,day long rituals & various abhishekam will be https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year
as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.
