#Economy
#Neoliberals will always choose #Fascism when it comes to increasing #Freedom and #Liberation for the workers vs. increasing exploitation of the workers for ever increasing profit.
#UCL: Beyond #Neoliberalism: How to Think About Rebuilding the Capacity of the Democratic State:
সৌভিক ঘোষের অর্থনীতি নিয়ে নিবন্ধের দ্বিতীয় পর্ব #economy
https://nagorik.net/economics/matter-of-daily-living-not-exotic-figures-2/
It’s fun reading through the news everyday there’s always articles on the #Economy and they’re in no way consistent. #Recession eminent! No recession coming, soft landing!
It’s apparent nobody’s got a clue what’s going on with the economy, and it feels like some companies are trying to will it into happening.
Via @rbreich
Class Outline
-------------------------
0:00 Current events and prior classes recap
8:20 Introduction
9:40 A brief history of public assistance
38:01 The COVID experiment
48:19 The new social contract
1:07:36 The anatomy of the fight over the minimum wage
1:20:32 The future of public assistance
https://www.youtube.com/watch?v=lDmLAOgdNc4
#unions #amazon #usa #news #jobs #inflation #labor #paygains #recordbreakingprofits #interestrates #power #economy #inequality #policy
Is the Vulture Capital world about to experience a biz startup collapse?
> A startup 'mass extinction event' has begun. You can't see it clearly yet, but it's going to be bad. https://www.businessinsider.com/startup-mass-extinction-event-has-begun-venture-capital-2023-6
Income from family members abroad far outweighs Biden Administration investments.
#centralamerica #biden #economy https://progressive.org/latest/the-other-americans-investment-alone-isn%E2%80%99t-enough-abbott-20230609/
Pakistan lays out budget but may not satisfy IMF
Ever wonder why it is that even though some people are getting poor in society others are getting wealthier? Could it be because some people get new money first?👇
https://www.linkedin.com/pulse/aviation-inflation-again-orlando-o-spencer-i-
https://www.ft.com/content/d83602d0-1296-4928-b58a-21cf2a6d2a0f “Destroy #nature and you destroy the #economy “ says Frank Elderson, #ECB board. EU bank supervisors stepping up pressure on #banks to stop financing harm and expand credit assessments with #people and #planet impact. #climate #finance #centralbanking
#UCL: Understanding #Neoliberalism as a System of Power:
Wealth concentrating more and more at upper-income levels, says Bankrate's Ted Rossman - And… the rich get richer while the rest of us suffer in decline. If this isn’t end stage capitalism I don’t know what is… Our system has failed the common citizen in so many ways, from housing to healthcare. It’s time for a radical change. Bernie and Elizabeth have been right all along. #wealthgap #wealthprivilege #wealthinequality #incomeinequality #economy #work #workingclass https://www.youtube.com/watch?v=HQocIXGqcwk
Disney bets on free mobile cricket streaming in India
US bans imports from China-based Ninestar Corp over Uighurs
Found this chart that perfect explains why many are giving up on the #housing market. Even if you can afford increased #mortgage it just doesn't make sense or feel good to take on the extra burden for not that much more house. #economy #inflation
A proposed mine in Southeast Alaska has divided the residents of a small town, who face a trade-off between economic benefits and environmental risks. The mine could bring jobs, revenue, and infrastructure, but also pollution, habitat loss, and social conflicts. UNRMS provides a way to avoid trade-offs.
This is a book by a Thai Buddhist monk on economy based on the dharma.
Is Vietnam backtracking on environmental promises?
Who is Hafize Gaye Erkan, Turkey’s new central bank chief?
Ex-US bank executive Hafize Erkan named Turkey central bank boss
That ‘declaration’ again.
‘The Atlantic declaration – or “the Atlantic declaration for a 21st-century US-UK economic partnership”, to give the full, portentous title – is a slightly haphazard collection of economic-based pledges and accords, some of which are already happening, while others are little more than aspirations.’
Crypto giant Binance’s US arm suspends dollar deposits
The Move Forward Party, which won last month's election, wants to pause decriminalisation one year after reform.
Southeast Asian country’s booming cannabis industry is under a cloud as politicians reconsider decriminalisation.
Thailand’s cannabis lovers face comedown amid legalisation U-turn
Global News BC: Vancouver developer seeks delay in paying $10 million owed to city https://globalnews.ca/news/9756941/anathem-10-million-delay-vancouver/ #globalnews #britishcolumbia #news #communityamenitycontribution #Vancouvercitycouncil #Vancouverdevelopment #Vancouverrealestate #anathemproperties #vancouerdeveloper #VancouverPolitics #CityofVancouver #vancouerhousing #Economy #anathem
Officials refuse to clarify what activities are legal, reflecting new era of uncertainty under national security law.
Officials are refusing to clarify what activities are legal, reflecting era of uncertainty under national security law.
Hong Kong touted rule of law. Now it won’t say what the law is
Ever ask yourself, what is money and what does it have to do with the consumer price index?👇
https://www.linkedin.com/pulse/aviation-inflation-again-orlando-o-spencer-i-
#Nunavut & many #Inuit communities are already #leading the charge; establishing over 40 million hectares of #marine #protected areas & #investing in the #BlueConservationEconomy of the #Arctic .
A blue #conservation #economy is how #CoastalCommunities can #GenerateWealth by using #NaturalResources in a #sustainable way. This includes industries & activities that benefit from #ocean #stewardship - fishing, eco-tourism & research.
https://www.nationalobserver.com/2023/06/08/opinion/inuit-communities-forge-path-sustainable-wealth
With Japan seeing the biggest pay increase in 30 years in spring wage negotiations, the country will further reform the labor market and bolster investment in human resources to keep the momentum going. https://www.japantimes.co.jp/news/2023/06/08/business/economy-business/kishida-economic-policy/?utm_content=buffer27e08&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #economy #fumiokishida #inflation #wages #japaneseeconomy
Title – One Planet #Sustainability
The essay will describe how a population of people (society) can develop a society that is relatively sustainable (e.g., virtually zero Greenhouse Gas emissions). To be clear, this essay is not stating that humans will want to transition toward a sustainable society. In other words, for various personal reasons (psychology. e.g., political & economic ideologies), people may not want to live in a sustainable society. Or for various political reasons, they may not be able to. However, this essay is stating that populations of people can live sustainably (should they want to & the political context permitted them to).
Generally, for human societies to transition towards a sustainability culture (e.g., lifestyles), people, in general, will have to vastly reduce the amount of resources and power they're consuming. The Our World in data website - Per capita greenhouse gas emissions: how much does the average person emit?" provides an indication of how the amount of resources and power that people consume is not evenly distributed (generally, wealthy people consume more resources and power, for example, more consumerism - therefore cause more Greenhouse Gas Emissions) https://ourworldindata.org/greenhouse-gas-emissions
A sustainable society must fundamentally not pollute its environment at levels that are unsustainable. A sustainable society must not be dependent on finite resources. For example, “fossil” fuels (that are not technically fossils) have a limited supply. Metal has a limited supply, there is only so much metal that can be mined. There is a limited supply of "fossil" fuels that can be extracted. Extracting fossil fuels or mining for metals causes ecological degradation (& also burns fossil fuels, therefore causing greenhouse gas emissions, to extract, process, and transport the fuels and metals)
Cities have been constructed and powered using the energy derived from burning fossil fuels and mining for resources in general. A time is approaching when the amount of fossil fuels available will start to decline (e.g. when peak oil is reached) and when climate change causes many lands to be inhabitable (e.g., frequent heatwaves, droughts, forest fires, floods, sea level rise, etc). Scientists have been warning for decades that burning fossil fuels is causing the atmosphere to warm, which in turn is causing climate change.
Generally, sustainability means humans collectively must not be degrading (damaging) the ecology of their environments (or more broadly the planet's biosphere).
Unfortunately, human societies are collectively severely damaging ecology. For example, destroying or degrading natural habits due to mining for resources such as metal or crude oil. Crude oil is then separated (distilled) into materials (fractions) such as diesel, gasoline, kerosene, gases, etc. These materials are then used as fuels that when incinerated pollute the air (atmosphere, more generally)
However, humans could choose to live a relatively sustainable way of life.
To quote The One Planet Council "The One Planet Council provides a bridge between applicants and local planning authorities, with guidance and tools to support anyone making the transition to this more sustainable way of life. https://www.oneplanetcouncil.org.uk/
"More sustainable way of life" is a slightly misleading phrase because most people in developed countries presently, and temporarily, live an extremely unsustainable way of life (hence the requirement for a massive change toward sustainable development).
There are methods to live sustainably. However, these methods need to generally replace the unsustainable resources and power demands of unsustainable lifestyles (societies) if they're to be effectively sustainable. The following information explains by referencing practical, relatively easy-to-follow and do guidance, on how to grow food sustainably whilst also restoring ecology (e.g., wildlife). A practical and easily implementable, win-win solution that's based on the science of AgroEcology (not that evidence-based reasoning will prevent the unreasonable from arguing against reason). The following information also explains by referencing practical, relatively easy-to-follow and do guidance, on how to use resources and generate power relatively sustainably (not that reason will prevent the unreasonable from arguing against reason). That generally means reducing how much resources and power societies use. In other words, focusing on resource and power efficiency. The present dominant economy wastes huge amounts of resources and power-producing products that nobody actually needs (that people could live comfortably without)
Before this essay references the general solutions to sustain a form of human society (a sustainable culture), this essay will acknowledge the institutional practices that are making it appear impractical, and difficult, to mitigate climate change.
There are many well-intended people in #business & #politics that are thinking about ways to try & mitigate #ClimateChange (greenwashes aside as their dangerously useless). People's personal circumstances, e.g., managing a company, can make the challenges of mitigating their business's climate impacts overwhelming (& impractical). Cooperation is the right approach (we are all in this together) to mitigate ecological degradation. Competition is the wrong approach.
More generally, operationally, there are two approaches to mitigate climate change, the top-down approach (e.g., government or management) or the bottom-up approach (e.g., local communities). Ideally, both approaches would be symbiotically in unison (But, human psychology...so)
People are in different circumstances. However, there is an increasing number of people that, IF the policies were in place, would have a huge positive impact on mitigating ecological degradation, therefore, lessening the impacts of climate change. To quote the One Planet Development Council (OPDC) "This forward-thinking planning policy provides a genuinely affordable and sustainable way for people to live and work on their own land, bringing social, economic, and environmental benefits" (see reference section. 1.)
That OPDC statement is somewhat misinformation - land isn't affordable for many people (however, I digress & that's a political problem).
However, to reiterate and rephrase so as to be more accurate "The One Planet Council provides a bridge between applicants and local planning authorities, with guidance and tools to support anyone making the transition to a sustainable way of life. https://www.oneplanetcouncil.org.uk/
Well-intended policymakers that want to mitigate ecological degradation therefore climate change will do well to develop policies that enable people (that want to) to grow food sustainably whilst also restoring nature (win-win). Generally, One Planet Development Policies need to be vastly scaled up. As the effects of climate change become more severe, we will need more people that are living in ways that grow food locally, increase biodiversity, and generally live a low-impact lifestyle (that's in everyone's interest).
Therefore, I urge policymakers, or social influencers in general, that are not confined by the business-as-usual paradigm (paradox), to review the One Planet Development Policy (OPDP) & cooperate with one another to mitigate climate change. For example, of an urgently required revision to the OPDP - according to the medical (e.g., epidemiology) and #climatology (i.e., climate science) evidence, burning biomass (e.g., wood fuel or biofuel) is not sustainable, therefore renewable, source of energy (when scaled up). Furthermore, prolonged exposure to wood smoke inhalation (e.g., over the years) increases the probability of developing diseases (which negatively impacts health and work-related costs. i.e., more resources and power for the health system). Furthermore, wood smoke, or tobacco smoke inhalation is harmful to the fetus during pregnancy (i.e., wood smoke is pollution. See reference section. 2.) Therefore, the OPDP should be revised to consider clean air and relatively low-energy methods of heating water such as heat pumps (making use of thermal heat energy within a relatively low electrical energy system).
The OPDP should also be revised to meet the requirements of the ecological landscape of any area. For example, the types of foods (predominantly plants & fungi as ruminants such as sheep & cows emit methane) that can be grown in a region. Also, the time scales involved to improve the soil condition (fertility) will vary. Many areas of land have soils that have been severely damaged by industrial forms of farming (e.g., overgrazing, insecticide [poisons], and mechanized machinery such as tractors that decrease soil fertility. See reference section. 3.)
Business As Usual (BAU) is a climate paradox (that's why it seems difficult (BAU is fundamentally human-as-usual psychology). BAU has been full of “what about?” excuses (people) that have caused the outcome that the window of opportunity to mitigate severe climate change is closing fast. Many ecological landscapes are generally in extremely poorly managed conditions. Many people are still burning carbon-based fuels (this form of society simply can not be sustained)
In summary, One Planet Development – Just do it already! The One Planet Development approach will also buy time for relatively large businesses and society, in general, to adapt.
To reiterate, this essay has not stated that humans will want to or be able to (due to business-as-usual politics) transition toward a sustainable society. The essay has referenced the practical guidance that humans can live in a relatively sustainable society. I have made this distinction explicit because the agents that are inferring that transitioning towards a sustainable society is difficult are greenwashing (i.e., for their own personal reasons they don't want to live in a sustainable society. e.g., monetary & lifestyle agendas) #psychology
Website References that include multitudes of interdisciplinary science and or further reading.
1. One Planet Development Policy https://www.oneplanetcouncil.org.uk/
2. Doctors and Scientists against wood smoke pollution. https://www.dsawsp.org/environment/climate
3. The Soil Association. https://www.soilassociation.org/
#sustainable #culture #AgroEcology #renewableenergy #Degrowth #CircularEconomy
#unsustainable #society #economy #politics #FossilFuels #WoodFuel #BioFuel #climate #ClimateHeating #ClimateChange #ForestFires #droughts #FlashFloods #SeaLevelRise #OceanAcidification #PlasticPollution
Global News BC: Metro Vancouver gas prices expected to surpass $2.00 on Friday: expert https://globalnews.ca/news/9755694/metro-vancouver-gas-prices-friday/ #globalnews #britishcolumbia #news #Risinggasprices #BCrisingcosts #BCgasprices #DanMcTeague #BCdrivers #GasBuddy #Economy #Traffic #BCOil #BC
Eurozone Officially In Recession.
Euro area annual inflation is expected to be 6.1 % in May 2023.
Down from 7.0 % in April 2023.
I have somehow re-authorized my bank's newsletter.
It's been a rather comic experience showing exactly how cut off economists are from actual reality.
Everything from "Which stocks should you buy for your tax return?" (my tax return covered exactly one week's groceries for two people, so I guess I invested in the local supermarket's stock?).
This morning I got one saying "Economists are worried because families invest less in their children's saving accounts". No shit.
Happy Thursday, Friends! On the surface, things may look good with the #economy, but beneath the surface things are getting really bad. The worst part of it is, this is only the beginning. How do we prepare to prevail and prosper during the coming tough times? This is the topic of this week’s #OnAviation full article.
See you in the comments.
#recession #stagflation #costofliving #Aviation
https://www.linkedin.com/pulse/its-really-happening-orlando-o-spencer-i-/
Why has Saudi sovereign fund taken over kingdom’s football clubs?
Japan's current account surplus expanded 76.3% from a year earlier to ¥1.90 trillion ($13.6 billion) in April, lifted by a smaller trade deficit amid lower crude oil prices. https://www.japantimes.co.jp/news/2023/06/08/business/economy-business/current-account-april/?utm_content=buffer10214&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #economy #currentaccount #japaneseeconomy #economicindicators
Title – One Planet #Sustainability
The essay will describe how a population of people (society) can develop a society that is relatively sustainable (e.g., virtually zero Greenhouse Gas emissions). To be clear, this essay is not stating that humans will want to transition toward a sustainable society. In other words, for various personal reasons (psychology. e.g., political & economic ideologies), people may not want to live in a sustainable society. Or for various political reasons, they may not be able to. However, this essay is stating that populations of people can live sustainably (should they want to & the political context permitted them to)
First, it will be necessary to broadly define what is and what is not a sustainable society. Fundamentally, a society must not pollute its environment at levels that are unsustainable. A sustainable society must not be dependent on finite resources. For example, “fossil” fuels (that are not technically fossils) have a limited supply. Metal has a limited supply, there is only so much metal that can be mined. There is a limited supply of "fossil" fuels that can be extracted.
Cities have been constructed and powered using the energy derived from burning fossil fuels. A time is approaching when the amount of fossil fuels available will start to decline (e.g. when peak oil is reached) and when climate change causes many lands to be inhabitable (e.g., frequent heatwaves, droughts, forest fires, floods, sea level rise, etc). Scientists have been warning for decades that burning fossil fuels is causing the atmosphere to warm, which in turn is causing climate change. Generally, sustainability means humans collectively must not be degrading (damaging) the ecology of their environments (or more broadly the planet's biosphere).
Unfortunately, human societies are severely damaging ecology. For example, destroying or degrading natural habits due to mining for resources such as metal or crude oil. The crude oil is then separated (distilled) into materials (fractions) such as diesel, gasoline, kerosene, gases, etc. These materials are then used as fuels that when incinerated pollute the air (atmosphere, more generally)
However, humans could choose to live sustainably if they were prudent enough (in general).
The following information explains by referencing practical, relatively easy-to-follow and do guidance, on how to grow food sustainably whilst also restoring ecology (e.g., wildlife). A practical and easily implementable, win-win solution (not that reason will prevent the unreasonable from arguing against reason)
The following information also explains by referencing practical, relatively easy-to-follow and do guidance, on how to use resources and generate power relatively sustainably (not that reason will prevent the unreasonable from arguing against reason)
Before this essay references the general solutions to sustain a form of human society (a sustainable culture), this essay will acknowledge the institutional practices that are making it appear impractical, and difficult, to mitigate climate change.
There are many well-intended people in #business & #politics that are thinking about ways to try & mitigate #ClimateChange (greenwashes aside as their dangerously useless). People's personal circumstances, e.g., managing a company, can make the challenges of mitigating their business's climate impacts overwhelming (& impractical). Cooperation is the right approach (we are all in this together) to mitigate ecological degradation. Competition is the wrong approach.
More generally, operationally, there are two approaches to mitigate climate change, the top-down approach (e.g., government or management) or the bottom-up approach (e.g., local communities). Ideally, both approaches would be symbiotically in unison (But, human psychology...so)
People are in different circumstances. However, there is an increasing number of people that, IF the policies were in place, would have a huge positive impact on mitigating ecological degradation, therefore, lessening the impacts of climate change. To quote the One Planet Development Council (OPDC) "This forward-thinking planning policy provides a genuinely affordable and sustainable way for people to live and work on their own land, bringing social, economic, and environmental benefits" (see reference section. 1.)
That OPDC statement is somewhat misinformation - land isn't affordable for many people (however, I digress & that's a political problem).
Well-intended policymakers that want to mitigate ecological degradation therefore climate change will do well to develop policies that enable people (that want to) to grow food sustainably whilst also restoring nature (win-win). Generally, One Planet Development Policies need to be vastly scaled up. As the effects of climate change become more severe, we will need more people that are living in ways that grow food locally, increase biodiversity, and generally live a low-impact lifestyle (that's in everyone's interest).
Therefore, I urge policymakers, or social influencers in general, that are not confined by the business-as-usual paradigm (paradox), to review the One Planet Development Policy (OPDP) & cooperate with one another to mitigate climate change. For example, of an urgently required revision to the OPDP - according to the medical (e.g., epidemiology) and #climatology (i.e., climate science) evidence, burning biomass (e.g., wood fuel or biofuel) is not sustainable, therefore renewable, source of energy (when scaled up). Furthermore, prolonged exposure to wood smoke inhalation (e.g., over the years) increases the probability of developing diseases (which negatively impacts health and work-related costs. i.e., more resources and power for the health system). Furthermore, wood smoke, or tobacco smoke inhalation is harmful to the fetus during pregnancy (i.e., wood smoke is pollution. See reference section. 2.) Therefore, the OPDP should be revised to consider clean air and relatively low-energy methods of heating water such as heat pumps (making use of thermal heat energy within a relatively low electrical energy system).
The OPDP should also be revised to meet the requirements of the ecological landscape of any area. For example, the types of foods (predominantly plants & fungi as ruminants such as sheep & cows emit methane) that can be grown in a region. Also, the time scales involved to improve the soil condition (fertility) will vary. Many areas of land have soils that have been severely damaged by industrial forms of farming (e.g., overgrazing, insecticide [poisons], and mechanized machinery such as tractors that decrease soil fertility. See reference section. 3.)
Business As Usual (BAU) is a climate paradox (that's why it seems difficult (BAU is fundamentally human-as-usual psychology). BAU has been full of “what about?” excuses (people) that have caused the outcome that the window of opportunity to mitigate severe climate change is closing fast. Many ecological landscapes are generally in extremely poorly managed conditions. Many people are still burning carbon-based fuels (this form of society simply can not be sustained)
In summary, One Planet Development – Just do it already! The One Planet Development approach will also buy time for relatively large businesses and society, in general, to adapt.
To reiterate, this essay has not stated that humans will want to or be able to (due to business-as-usual politics) transition toward a sustainable society. The essay has referenced the practical guidance that humans can live in a relatively sustainable society. I have made this distinction explicit because the agents that are inferring that transitioning towards a sustainable society is difficult are greenwashing (i.e., for their own personal reasons they don't want to live in a sustainable society. e.g., monetary & lifestyle agendas) #psychology
Website References that include multitudes of interdisciplinary science and or further reading.
1. One Planet Development Policy https://www.oneplanetcouncil.org.uk/
2. Doctors and Scientists against wood smoke pollution. https://www.dsawsp.org/environment/climate
3. The Soil Association. https://www.soilassociation.org/
#sustainable #culture #AgroEcology #renewableenergy #Degrowth #CircularEconomy
#unsustainable #society #economy #politics #FossilFuels #WoodFuel #BioFuel #climate #ClimateHeating #ClimateChange #ForestFires #droughts #FlashFloods #SeaLevelRise #OceanAcidification #PlasticPollution
Global News BC: New ferry from Nanaimo to downtown Vancouver releases schedule, pricing https://globalnews.ca/news/9754835/new-ferry-nanaimo-downtown-vancouver-schedule/ #globalnews #britishcolumbia #news #vancouverislandferrycompany #newdowntownVancouverferry #HulloFerriesprices #Entertainment #HulloFerries #NewB.C.ferry #Vancouver #Economy #Traffic #Nanaimo #Canada #Hullo
The Bank of Canada raised their rates
To their highest score in twenty-two states
It's a sign of their might
To keep inflation in sight
But key overnight rates are still quite great
#bankofcanada #economy #rates #inflation #limerick #poetry
https://www.reuters.com/markets/rates-bonds/bank-canada-hikes-rates-475-highest-22-years-2023-06-07/
Relaxing and waiting on this week’s #win. 💪✈️
bit.ly/ooscareer
#OOSGroup #S61C #ATiMS #aviation #aviationbusiness #economy #memorialday
Japan's GDP grew at an annualized 2.7% in the January-March quarter from the previous three months. https://www.japantimes.co.jp/news/2023/06/08/business/economy-business/gdp-beats-forecast-investment/?utm_content=buffera46e0&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #economy #fumiokishida #gdp #investments #japaneseeconomy #economicindicators #consumerspending
Military Review (Voyennoye obozreniye), Russia’s most popular national security news portal (edited by patriotic pro-military hardliners), has published a scathing op-ed blaming the country’s “demographic catastrophe” on thirty years of neoliberal “optimization”:
“Russia over the past three decades has become a dying region of the planet … Liberal reforms have led to the ‘optimization’ of Russia: thousands of villages died out, villages, towns and small towns were depopulated, and big cities became even larger … We have adopted the Western model: a society of consumption and essentially self-destruction … [our] exploitative oligarchs [and] liberal pro-Western bureaucracy act in the interests of the masters of the West.”
Hate to admit it, but this is a global problem that we are copying a failed society that is dependent on transportation and global trade in order to function, and poverty, slums, homelessness and extremism are all results of such failed policies that we still copy and keep expanding to a level that is going to cause harm to both the nature and human race as whole.
Excellent take on one of the reasons* why the neoliberalization of society makes the overall economy more inefficient:
"At a micro-level, the dispersion and precarity of life outcomes in the United States make us all as individuals behave as if we are more greedy [...] I've described this before as "predatory precarity".
* : There are more, e.g. preparation of the ground for fascism and the destruction of te environment seem also to be clearly limiting factors...
@lykso :anarchoheart3:
#Economy #Degrowth #PostGrowth #SocialSecurity #Welfare #Neoliberalism #Capitalism #EcomomicEfficiency #MacroEconomy #MicroEconomy
Indonesia, Malaysia should collaborate on palm oil, Widodo says
World Bank to assess damage after destruction of Ukraine dam
Ex-JPMorgan executive denies role in Epstein’s sex trafficking
How out of touch is Philip Lowe, RBA governor, “If people can cut back spending, or in some cases find additional hours of work, that would put them back into a positive cash flow position”
I’m working with carers for whom working two jobs with long hours has become a way of life, that’s servitude
The Guardian https://www.theguardian.com/australia-news/2023/jun/07/rba-governor-philip-lowe-australia-interest-rates
China’s backlash against Little Mermaid exposes Hollywood dilemma
Global News BC: ‘Cost of living, food, gasoline’: Bank of Canada’s interest rate change a worry for some https://globalnews.ca/news/9753136/bank-of-canada-interest-rate-hike-cost-of-living-worry/ #globalnews #britishcolumbia #news #BankofCanadainterestrateannouncement #BankofCanadainterestrate #Interestratemortagerate #Interestratemortgage #BankofCanadarate #Interestraterise #BoCinterestrate #BankofCanada #interestrate #Economy #Canada #Money
Canada’s Trudeau pans Google and Meta for ‘bullying’ to stop bill
In Japan, embarrassed employees pay agencies to quit for them
BBC, BA, Novia Scotia among first big-name victims in global hack
UK Prime Minister Sunak talks trade, AI and Ukraine on US trip
Bank of Canada raises interest rate to highest in 22 years
CNN’s embattled CEO Chris Licht is out
China’s exports tumble further as global demand falters
UK house prices fall for the first time in more than a decade
China spied on Hong Kong activists using TikTok, lawsuit claims
Malaysia wins ‘decisive victory’ in row with Sulu sultan’s heirs
US regulator asks court to freeze crypto giant Binance’s assets
World Bank cuts 2024 global growth forecast as rate hikes bite
US SEC sues Coinbase for breaking market rules
Interesting experiment seeing whether completely voluntary donations, offering no extra functionality etc, can cover the operating costs of my free app. Currently using a simple link to Ko-fi to minimize development time. #app #monetization #free #donations #economy #development #kofi
TSMC ‘feeling good’ about possible Germany plant, chairman says
Old is gold: Can ageing spark a surprise economic boom?
US, UK push to weaken encryption raises fears for Asia dissidents
Saudi Arabia privatises football clubs, eyes big-name signings
Will Apple’s sleek new VR goggles be the ones to capture users?
@GottaLaff
And on MSNBC Chris Hayes dismissed Biden's success in a single sentence and went right to the gloom and doom!
ARGGGH!
Will fossil fuel phase-out make it onto the UN’s climate agenda?
As US aims to bring back manufacturing, supporting women is key
US SEC sues world’s largest crypto exchange Binance and founder
Parts of the US are now uninsurable. We will likely see a shift to risk-based pricing. Economists warn that the government should buy out and move homeowners from areas affected by wildfires and floods, or there will be market chaos. #climate #economy #realestate #insurance #managedretreat #RiskBasedApproach https://www.nytimes.com/2023/05/31/climate/climate-change-insurance-wildfires-california.html
Visualising the growth of the electric car industry
PwC Australia names staff involved in government tax plan leak
Marcos' Maharlika Investment Fund will mean more taxes and more loans. "A sovereign wealth fund will be good if we have surplus funds. The problem is we don't have any," a former central bank official said.
#Philippines #Scam #Corruption #Economy #Finance #Filipinos #Asia #TootSea #Investing
https://www.cnnphilippines.com/news/2023/5/31/Guinigundo-diverting-public-funds-to-Maharlika.html
While #insidertrading typically involves trading #stocks of individual companies based on information about them, it can involve any kind of information about the #economy, a commodity or anything else that moves markets.
And it’s important to realize that it’s not a victimless crime.
A quick explainer:
https://theconversation.com/what-is-insider-trading-two-finance-experts-explain-why-it-matters-to-everyone-205180
@juddlegum Almost every Congressional district and every state has a vested interest in the #military. Whether bases or #contractors, a #politicians view is that a vote for is supporting the local #economy while a vote against makes reelection more difficult. Welcome to money in US politics and why the system is in trouble.
‘It’s Not the Economy, Stupid. It’s the Press’
The right-wing papers have trashed the country and they mean to go on doing so whoever wins the next election. We must stop them, writes Brian Cathcart via @BylineTimes
#RightWing #RightWingPress #Economy
https://bylinetimes.com/2023/05/18/its-not-the-economy-stupid-its-the-press/
Are chicken wings still really expensive? Remembering this report we did #economy https://www.wgbh.org/news/national-news/2021/05/21/a-fowl-shortage-welcome-to-the-chicken-wing-economy
Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the #economy remains robust despite the Federal Reserve’s interest rate increases. https://www.nytimes.com/2023/05/26/business/economy/consumer-spending-april.html
Mike Luckovich commenting on why the Repubicans are willing to crash the economy.
"These Republicans want chaos because they know the media – and, as a result, the public — will blame President Biden, both in the short term and in the long. …
They want to ruin his presidency and they don’t care who suffers in the process."
"Republican House members – by demanding full compliance with entirely unrealistic demands – appear hellbent on defaulting on the national debt, sending the stock market and the economy into a tailspin while depriving the most fragile members of our society of the federal payments on which they depend."
~ Dan Froomkin
#Republicans #default #StockMarket #economy #chaos
/1
https://presswatchers.org/2023/05/republicans-are-hellbent-on-default-because-why-not/
The US #economy grew faster in the first quarter than previously estimated, according to revised GDP from Commerce Department
Recently I've been thinking about how #climateChange is going to affect the #economy. First measure I wanted to look at is #GDP.
🧵...
BlueCollarWriter Labor News Update 5/24/2023
Labor News Update:
- #WritersStrike news
-Federal judge finds West Virginia Governor Justice coal companies liable for nearly six years of unpaid UMWA union retiree benefit plan premiums
-Companies Are Taking a Harder Line on Union Organizers, Workers Say
https://www.bluecollarwriter.com/home/news052423
#1u #Unions #WGA #UnionStrong #UnionProud #economy #NLRB #WorkersRights
Fossil Fuel Firms Owe $209 Billion a Year in Climate Reparations, Study Says https://www.motherjones.com/environment/2023/05/fossil-fuel-climate-reparations-study/
And this is a modest calculation—the tip of the iceberg. Without a doubt we have let #fossilFuels lie for some 35 YEARS now. If you find yourself looking for a critique of this study, ask yourself “why”?
#climate #climateBreakdown #climateCrisis #community #economy #uspol
It is beyond time that we embrace #degrowth b/c “growth” was never for us.
We have been told for generations that lowering taxes on the rich helps the economy, and that "increased entitlements" are a burden the taxpayer cannot afford.
These are lies. The truth, borne out by history is this:
Programs that help the poor, the working poor and those unable to work, actually benefit the overall economy and are not a net tax burden on the taxpayers. 1/2
#work #education #healthcare #help #investment #food #economy #tax #taxes #housing
#Disney Pulls Plug on $1Billion #Development in #Florida
A new office complex, & relocation of a division from California, would have created >2k #jobs but was scuttled as the direct result of #DeSantis #politics
By Brooks Barnes
#Economy #GOP #Republican
Until we can rid ourselves of this monstrous idea we call "the economy" we are utterly fucked.
.@tfiebig @Sedista & Martina Lindorfer
'In this paper, we take a look at the progressing use of cloud-based educational tools, often controlled by only a handful of major corporations.' https://tidsskrift.dk/privacy_studies_journal/article/view/132713
#tech #bigtech #cloud #academia #law #politics #competition #education #eu #capitalism #economy
EU clamps down on free ports over crime and terrorism links
This article is more than 3 years old
Moves comes as Britain launches consultation on creation of up to 10 of the zones
https://www.theguardian.com/world/2020/feb/10/eu-clamps-down-free-ports-zones-crime-terror-links
#FreePorts #crime #corruption #ToryCorruption #Toryfailure #ToryFascism #politics #economy
🆕 A Wellbeing Economy — Why Do We Need It, What Is It and How Do We Pay for It? | Jim Byrne
It is time to leave orthodox neoliberal economics behind and embrace a wellbeing economy for our own sake.
What if instead of a #debtCeiling we had a #carbonCeiling and everytime they don't manage to cut enough #emissions to reverse #climateChange we threaten to blow up the global #economy? #climate #globalWarming #carbon #cO2
The global #economic crash? Sooner or later?
A young child can understand that if they keep taking, without replenishing, "it" will run out.
Generally, the world #economy is founded on a taking, without replenishing, #unsustainable model.
Capitalism has stolen the commons, & that's an #ecological tragedy in the making.
Upstream: Ep. 14: The #Green Transition – The Problem with Green #Capitalism Part 1.
Episode webpage: https://www.upstreampodcast.org/greentransitionpt1
Upstream: Ep. 14: The Green Transition – The Problem with Green #Capitalism Part 1 (Documentary)
Episode webpage: https://www.upstreampodcast.org/greentransitionpt1
#climate #ClimateChange #sustainability #economy #politics #ClimateJustice
US retail sales increased in April, reflecting strength in several categories that highlights steady consumer spending #economy
Lithium could power the 21st century. But the methods use to find it are largely from the 1800s.
https://www.vice.com/en/article/bvjned/lithium-mining-nevada-claims
#News #Lithium #Mining #Economy #electriccars
"Republicans are desperate to tank the economy and everything else so they can seize power by force and rebuild America as a christofascist Nazi state. It's hard to convince 350 million people that their mostly-functioning society is terrible and has to be replaced by White Jesus Gun Club. If you destroy everything first and plunge the country into desperation, a lot of that resistance fades away pretty quickly."
Is Biden's infrastructure program bigger than Franklin D. Roosevelt's New Deal?
USA Today reports on "32,000 projects announced across 4,500 communities totaling $220 billion in planned spending."
What might degrowth actually look like, on a personal level? How would your life be different?
One way to answer this is to consider what daily living was like for those who came before us. How did your grandparents or great-grandparents live?
Assuming those people were born somewhere between the end of the 19th century and the middle of the 20th, here are a few of the things many of us consider to be necessities today that they probably lived some or all of their lives without...
Personal computers.
Laptops.
Smartphones.
Voice-activated devices.
Mobile phones of any kind.
The Internet.
Google.
Cloud storage.
YouTube.
Credit cards.
Debit cards.
Big houses.
Multiple bathrooms in one home.
Online shopping.
Cheap airfare.
Online financing and mortgages.
Huge closets full of clothing, shoes, and accessories.
Dishwashers.
Kitchen electrics.
Automatic ice makers.
Overnight mail delivery.
Fast food.
Drive-up windows.
Food imported from all over the globe.
Television.
Netflix.
Amazon.
Plastic.
Disposable diapers.
Disposable tissues.
Paper towels and napkins.
Disposable tableware.
Microwave ovens.
Ready-made foods at the grocery store.
Synthetic fabrics.
Automatic laundry machines.
Riding lawn equipment.
And so on. Not all of these necessarily would disappear if we chose degrowth, but many would. Do you think you could still be happy?
Adapted from this article -- https://www.offthegridnews.com/lost-ways-found/55-things-your-grandparents-lived-without-can-you/
#Environment #Climate #ClimateChange #ClimateCrisis #Economy #History #Degrowth
I can understand why Republican leaders don't want to say anything about the phenomenal job growth we've seen under Biden, but why don't the American people know anything about it?
Spread the word! Job numbers are still growing! This is good for workers! https://www.msnbc.com/rachel-maddow-show/maddowblog/jobs-market-remains-hot-republicans-pretend-not-notice-rcna83312 #Republicans #USPol #JobGrowth #Biden #economy
None of the world’s top industries would be profitable if they paid for the natural capital they use.
„The total unpriced natural capital consumed by the more than 1,000 “global primary production and primary processing region-sectors” amounts to $7.3 trillion a year“