#economics
“We’ve got good news. I’ve just spoken with Speaker McCarthy. We have a bipartisan budget agreement,” Biden said to reporters at the White House.
Dimon also said he wants regulators to look at short-selling ban on banks.
Read more: https://unusualwhales.com/news/jpmorgan-ceo
We discussed Joe Manchin extensively in our 2021 report.
In 2022, his top lobbying groups are also related to energy, oil, and gas pipelines. Joe Manchin's chief of Staff also left this year to join the American Petroleum Institute.
See more here: https://unusualwhales.com/politics/article/full
Chinese state-sponsored hackers infiltrated U.S. naval infrastructure, secretary of the Navy has said this week.
Belarus Seeks to Deepen Ties With BRICS, SCO, ASEAN — Pushes for Economic Union With Zero Restrictions - Belarus President Alexander Lukashenko says his country’s response to sanctions is... - https://news.bitcoin.com/belarus-seeks-to-deepen-ties-with-brics-sco-asean-pushes-for-economic-union-with-zero-restrictions/ #aleksandrlukashenkobrics #aleksandrlukashenko #belarusasean #belarusbrics #belarussco #economics #belarus
House Speaker Kevin McCarthy says the deal was not 100% what everyone wants, but Republicans would support the deal to suspend the debt ceiling.
The debt limit has been agreed between Biden and McCarthy.
How will the market react?
Meanwhile, reminder, Unusual Whales sale is ongoing.
Get 15% off on all tiers.
Get 20% off if you upgrade your tier.
Until June 1st!
Check it here: https://unusualwhales.com/settings/billing
Chinese Yuan to Replace US Dollar as World’s Reserve Currency, Says Russian Banker - Russia’s second-largest bank’s chairman says there is every reason to expect the C... - https://news.bitcoin.com/chinese-yuan-to-replace-us-dollar-as-worlds-reserve-currency-says-russian-banker/ #worldsreservecurrency #yuanreplacesdollar #chineseyuan #economics #usdollar #yuan #usd
Democratic Senator Joe Manchin slipped a measure into the debt-limit deal that will accelerate a multi-billion-dollar natural gas pipeline, per Bloomberg.
Joe Manchin makes $500K a year from the coal company Enersystems, & raised $400,000 from corporate coal lobbyists in 2021.
The debt limit agreement decreases IRS funding by $20 billion over 10 years.
BREAKING: The debt limit agreement includes a debt limit suspension until January 1st, 2025
US President Biden: We did not make compromise on debt ceiling, made compromise on budget.
BREAKING: Biden says a bipartisan budget agreement has been made, and the the debt agreement is excellent for the American people.
Ah, I see they're trying to blame retail again.
The FDA gave approval to Neuralink for human-trials this week.
"In the 7 or 8 years I've been on the FOMC, this is the most uncertain time we've had in terms of understanding underlying inflation dynamics," the Fed's Kashkari has said.
"I'm having to let inflation guide me. It may be we have to go north of 6%."
"Is the industry keeping capacity low so the industry can keep raising prices?" CNBC asks Ryan Air CEO Michael O'Leary.
"Yes," O'Leary says.
Turkey’s President Erdogan won re-election in a runoff
The property features a sprawling lawn, an extensive 200-metre driveway, a brick house with a triple garage, and a large shed.
This month, Mark Zuckerberg of $META won gold in his first Brazilian Jiu Jitsu tournament.
"Right now, it's a close call between raising in June or skipping," the Fed's Kashkari has said.
"Important to me is not signaling that we're done. If we were to skip in June, that does not mean that we are done with our tightening cycle."
Selective reporting of placebo tests in top economics journals https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4456494
… results provide strong evidence of selective underreporting of statistically significant placebo tests in top #economics journals.
#statistics
@mpjgregoire @shawngoldwater @Catelli
They’re well-represented, actually. The socialist populists of the far left are isolationists and xenophobes. They oppose immigration but want to raise taxes.
Would you get a Neuralink chip in your brain?
“Regulatory monopolies, the legal system, is all rent. The banking system is all rent.” -@jockox3 🔰🏴
🔗 https://youtu.be/v-AQ5btdFIg
@LucyStag #anarchism #georgism #economics #monopolies #lvt #mutualism
Elon Musk: "I try to divide companies into one day, so today is a Tesla, $TSLA, day. This is going to sound pretty strange, but I only have one part time assistant; I do most of the scheduling myself because it's impossible for someone else to know what the priorities are."
Elon Musk on his succession plan: "There are particular individuals that I've told the board look If something happens to me unexpectedly, this is my recommendation for who should take over. The board is aware who my recommendation is. It's up to them of course."
Brilliant on Heinz for making “collectible” ketchup packets. Suddenly they have more value than the regulars so folks will take more than they need thus increasing demand. Brilliant! #Economics #Scarcity #Ketchup #unitedstatesofsaucemerica
"Everyone should be prepared for rates going higher from here," says JPMorgan, $JPM, Chair and CEO Jamie Dimon has said.
There have been many flow wins this week.
Congrats on using them for options.
Reminder of the Memorial Sale for those who want to join Unusual Whales.
15% off all site, and 20% off if you upgrade your tier!
Enjoy the weekend. Check it here: https://unusualwhales.com/settings/billing
🐋 MEMORIAL DAY SALE 🐋
Until June 1st, there is a 15% off sale every tier + product on https://unusualwhales.com/!
If you are upgrading to annual or from a delayed tier, you get 20% off.
Learn how to flow trade $NVDA, $TSLA, $MSFT and more today!
Russian State Duma Chairman: ‘US National Debt Is a Global Financial Pyramid’ - Vyacheslav Volodin, chairman of the Russian State Duma, the lower house of the Rus... - https://news.bitcoin.com/russian-state-duma-chairman-us-national-debt-is-a-global-financial-pyramid/ #vyacheslavvolodin #financialpyramid #russianstateduma #legaltender #u.s.dollar #economics #arkansas #u.s.debt #texas #gold
This is truly unusual.
See all $AMZN sales and buys: https://unusualwhales.com/stock/amzn/flow-overview
Next was a fabulous talk by Daron Acemoglu on whether or not technological progress always brings good outcomes for society at the @stiglercenter. Acemoglu discusses technological changes that did (and didn't) increase overall welfare and productivity. The discussion moves to implications for policy, the arc of technological development, and the outsized roles of "visionaries" across history. Highly recommend https://www.youtube.com/watch?v=yCeE9vxPVyI (4/9) #economics
The deal is expected to raise the debt limit for two years, until Jan 1 2025. However, the agreement still needs to be approved by Congress.
Link to story: https://unusualwhales.com/news/biden-mccarthy-have-reached-a-debt-limit-deal-in-principle
Elon said India was interesting when asked which country Tesla, $TSLA, will build a factory:
There have been many flow wins this week.
Congrats on using them for options.
Reminder of the Memorial Sale for those who want to join Unusual Whales.
15% off all site, and 20% off if you upgrade your tier!
Enjoy the weekend.
Check it here: https://unusualwhales.com/settings/billing
BREAKING: BIDEN, MCCARTHY HAVE REACHED A DEBT-LIMIT DEAL IN PRINCIPLE per Bloomberg
Treasury Secretary Yellen Revises Debt Default Date: US Government Could Exhaust Funds by June 5 - U.S. Treasury Secretary Janet Yellen has updated her projection regarding the date... - https://news.bitcoin.com/treasury-secretary-yellen-revises-debt-default-date-us-government-could-exhaust-funds-by-june-5/ #treasurysecretaryjanetyellen #usdebtdefaultdate #usdebtdefault #usdefaultdate #defaultdate #economics #usdefault #yellen
For @StillIRise1963 maybe
#BlackBusiness #business #SmallBusiness #LocalBusiness #economics
'From 2017 to 2020, the number of Black-owned businesses across the country increased by 13.64%—larger than all businesses in general, which increased by 0.53% over the same period. Black-owned firms brought in an estimated $141.1 billion in gross revenue in 2020—an 11% increase since 2017.'
China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default - China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), ... - https://news.bitcoin.com/chinas-credit-agency-downgrades-us-credit-rating-over-debt-ceiling-standoff-and-looming-default/ #chengxininternationalcreditrating(ccxi) #creditratingagency #politicaldiscord #risinginflation #creditrating #unitedstates #debtceiling #economics #downgrade #inflation #moodys
Here's a quote from this excellent educational video, explaining the history of 'trickle-down' economics...
VIDEO -- https://www.youtube.com/watch?v=xgXda61MtWE
“Milton Friedman might be the most influential right-wing thinker of the last century. The Heritage Foundation says he was the ‘father of economic freedom’. His policies were put into action by Ronald Reagan — and the results were SO good for wealthy Americans that they were carried on by every single President after. We’ve basically had the same President since 1980.”
Vladislav Leonidovich Inozemtsev, a prominent Russian economist and a department head at Moscow State University, has reportedly been declared a foreign agent by Russia's "Justice" Ministry. https://meduza.io/en/news/2023/05/26/russia-s-justice-ministry-adds-lead-singer-of-rock-group-bi-2-journalists-and-scholars-to-its-list-of-foreign-agents?utm_source=email&utm_medium=briefly&utm_campaign=2023-05-27 #economics #russia
Tol is an advisor to The Global Warming Policy Foundation, UK-based promoter of climate-change denial.
In 2013 he was a collaborator on the IPCC AR5, but he withdrew from the team, because he considered the report "too alarmist".
In 2019 he wrote this glorious tweet that with 10C warming we'll simply "move indoors, like the Saudis".
TIL about Richard Tol, an environmental economist.
In 2007 he was among the US Senate Republican Party's "list of scientists disputing man-made global warming claims", which stated that Tol "dismissed the idea that mankind must act now to prevent catastrophic global warming".
In 2009 he wrote that "the impact of climate change is relatively small", and "equivalent to losing a few per cent of income".
Argentina to Expand De-Dollarization Efforts; Seeks Extension of Yuan Based Swap Line With China - The government of Argentina is reportedly seeking to expand its de-dollarization a... - https://news.bitcoin.com/argentina-to-expand-de-dollarization-efforts-seeks-extension-of-yuan-based-swap-line-with-china/ #internationalmonetaryfund(imf) #albertofernandez #cristinakirchner #de-dollarization #dollarreserves #chineseyuan #miguelpesce #sergiomassa #u.s.dollar #economics #argentina #china
Target saw a decline from $74.3 billion to just $65.3 billion in just a week, resulting in a 12% drop in market cap.
Xi Jinping and Putin Discuss BRICS Cooperation With Brazil’s President - Chinese President Xi Jinping and Russian President Vladimir Putin engaged in phone... - https://news.bitcoin.com/xi-jinping-and-putin-discuss-brics-cooperation-with-brazils-president/ #luizinacioluladasilva #bricsrussiachina #vladimirputin #xijinpinglula #economics #putinlula #xijinping #brics
Last was the final day of the #NBER's megafirms and the economy event. As with yesterday, I highly recommend the event in its entirety, but I'll particularly call out the fascinating modeling of big #tech acquisitions and regulatory regimes by @luismbcabral and the impressive talk by Cristina Tello-Trillo on pay, productivity, and management https://www.youtube.com/watch?v=3owVTOcfA94 (7/7) #economics
Next was a wide-ranging talk by Raquel Ortega-Argilés on regional economic development at Alliance #Manchester Business School. Too often economists and policy makers look at country-level economic variables, and this talk gets into why that is problematic and how analyzing growth at the regional level can lead to more targeted development interventions https://lnkd.in/e2ThFez7 (5/7) #economics
The Canadian Network for Economic History invites papers for its next meeting Oct 13-15 at UToronto. 1-2 page proposals to Shari Eli & Laura Salisbury.
Keynote address from Karen Clay.
Suresh Naidu will give the Mary MacKinnon Memorial Lecture. More detail: http://economichistory.ca
@econhist @devecon @laborecon @healthequity @healthecon @inequalityecon @economics @politicalscience @sociology @geography @anthropology #history #histodons #histodon #cfp #toronto #canada #EconomicHistory #economics
JUST IN: JPMorgan, $JPM, CEO Jamie Dimon has said that he never met with Epstein, and never emailed him, per Reuters.
https://www.thenational.scot/news/23547059.cornell-university-professor-gives-currency-advice-snp-policy/ It always ends up being about the money, it doesn't matter what county. Who controls it, who manages it, who has the data. #scotland #scottishindependence #economics #currency
Moody’s on De-Dollarization: Rating Agency Labels US Debt Default a ‘Near-Term Danger to the Dollar’s Position’ - As calls for the creation of a global alternative to the greenback grow, credit ra... - https://news.bitcoin.com/moodys-on-de-dollarization-rating-agency-labels-us-debt-default-a-near-term-danger-to-the-dollars-position/ #reservecurrency #janetyellen #economics #moodys #brics #imf
Well, even the Wall Street Journal finally admits it is greed that is causing inflation. They are even rooting for it.
Let us know if the "Christian" right ever speaks out against the sin of greed.
#USpol #politics #greed #inflation #economics
https://www.wsj.com/articles/greedflation-is-realand-probably-good-for-the-economy-6c475b8e
@EconUS
Gotta love #Economics.
I've been obsessed with the insanity of the #DebtLimit & pissed off - more than usual - with the #FiscalTerrorists aka #HouseGOP. Also frustrated w Biden for negotiated with them.
Even if you're the type whose eyes glaze over when you hear "#economics, monetary system, debt limit", here is a great podcast episode:
https://shows.acast.com/1d1223a2-9d05-473b-9e79-c2b65b71d676/646fe6f66eb6990011b17374
Economist Stephanie Kelton on the Debt Limit, a Potential Catastrophe We’re Risking for No Reason
Hello my conservative friends. Did you know: without debt, there would be no credit. Even shares are debt with a different name. "Investment". It's part of the concept of monetary wealth.
Debt for itself isn't the problem. The problem is that you funnel the money into the pockets of your friends.
Nudging human civilization in the direction of a smaller, stable population, a steady-state economy and a more harmonious relationship with the rest of our family makes a lot of sense to us.
We really can’t see any other way to ensure that civilization persists for the long term.
It seems unlikely to us that some kind of global collapse is lurking around the corner, but even if that did occur, the remnants of our species would likely claw their way back to some sort of civilization. And we would still need to end up in a place like Aspen Proposal.
So let’s just see if we can get there on the first try, and avoid all that unnecessary suffering.
#sustainability #Nature #economics #politics #Justice #biodiversity #ClimateChange
The median price of a home sold in the US fell 4% over the last year, the largest year-on-year decline since 2012, per Redfin.
Market Outlook: CME Fedwatch Tool Points to Increased Chance of June Rate Hike - According to the CME Group Fedwatch tool on Thursday, there was a 51% probability ... - https://news.bitcoin.com/market-outlook-cme-fedwatch-tool-points-to-increased-chance-of-june-rate-hike/ #financialmarkets #economicoutlook #federalreserve #marketanalysts #monetarypolicy #chanceshigher #interestrates #fedwatchtool #fomcmeeting #junemeeting #probability #economics #investors #cmegroup #ratehike #june14 #51%
McCarthy says debt ceiling standoff is ‘not my fault,’ per AP.
What is this fascination so many senior managers have with the sales target and whether your dept has hit it?
Does it matter if you haven't if your GP has actually increased on LY? (Especially if that increase is greater than the shortfall for covering projected costs?)
Shouldn't you be looking at a mix of targets?
#economics #business
Target, $TGT, has lost $9 billion in market value since reported boycotts of LGBTQ-clothing, per NYP.
JPMorgan, $JPM, alleges ex-U.S. Virgin Islands first lady helped Jeffrey Epstein spread money and influence
"Much of Germany’s 🇩🇪 wealth and social order rest on a vibrant manufacturing sector that provides well-paid blue-collar jobs. But that strength has led to dangerous dependencies on overseas markets for orders and raw materials — above all China." 🇨🇳
Europe’s Economic Engine Is Breaking Down https://www.bloomberg.com/news/articles/2023-05-25/germany-enters-recession-europe-s-largest-economy-is-breaking-down?cmpid=BBD052623_OEU&utm_medium=email&utm_source=newsletter&utm_term=230526&utm_campaign=openeurope
Putin Believes Decentralization Will Help Global Economy Be More Resilient - Russian President Vladimir Putin has stated that the decentralization of the finan... - https://news.bitcoin.com/putin-believes-decentralization-will-help-global-economy-be-more-resilient/ #decentralizedfinancialsystem #reservecurrencies #vladimirputin #chineseyuan #economics #russia #brics
Seriously, this is scary stuff. When the Rand weakens, prices necessarily go up. That's understandable, for various reasons.
But if the Rand strengthens again, prices don't come down. Again, necessarily, for various reasons.
Bottom line: this is permanent damage we will never recover from. :-(
Letter in @sciencemagazine just out today: “US benefit-cost analysis requires revision”
Props to the White House Office of Management and Budget for revising 30-year-old guidance
https://gwagner.com/science-bca/
#climate #economics
@NikoEcon @Brendanjones Steady state #economics really interest me, but it raises the same question as #degrowth in terms of "how do we get from here to there"?
In particular, I wonder about #debt. As I understand it, debt is a claim on future economic activity. If the economy stops growing eventually we're going to hit a major debt crisis.
Unfortunately, compounding impacts of #climateChange or peak oil or another pandemic may also trigger a debt crisis.
How do we get rid of the debt?
@markigra Disciplines currently supported by the Find Academics on Mastodon (https://find.sciences.social/) tool:
#Anthropology
#Archaeology
#AtmosphericScience and #AirQuality
#Bioinformatics
#Communication and #MediaStudies
#Dendrochronology
#EarthScience
#Economics
#Education
#History and #PhilosphyOfScience
#IslamicStudies / #MiddleEasternStudies/ #IslamicateStudies/ #OrientalStudies
#Law
#Marketing and #ConsumerResearch
#NuclearFusion
#OpenScience
[more...]
FT lunch with Daron Acemoglu:
"Technological progress is the most important driver of human flourishing but what we tend to forget is that the progress is not automatic."
CFP: 10th Australasian Cliometrics Workshop at the University of Adelaide Nov 6 2023.
Please send proposals (extended abstracts/papers) to Florian Ploeckl florian.ploeckl@adelaide.edu.au by July 16.
ECRs & grad students encouraged to apply.
Contact florian.ploeckl@adelaide.edu.au for more detail.
@econhist @economics @devecon @ecosocio @sociology @politicalscience @geography @demography @datasociety @epiverse #history #histodons #australia #nz #asia #pacific #economics #econtwitter #clio #cfp
CFP: 10th Australasian Cliometrics Workshop at the University of Adelaide Nov 6 2023.
Please send proposals (extended abstracts/papers) to Florian Ploeckl florian.ploeckl@adelaide.edu.au by July 16.
ECRs & grad students encouraged to apply.
Contact florian.ploeckl@adelaide.edu.au for more detail.
@econhist @economics @devecon @ecosocio @sociology @datasociety@mastodon.so cial @politicalscience @geography @demography @epiverse #history #histodons #Australia #auspol #NZ #economics #econtwitter #clio
Recently I've been thinking about how #climateChange is going to affect the #economy. First measure I wanted to look at is #GDP.
🧵...
BREAKING: Market action shows that Wall Street isn't worried about the debt ceiling, Jim Cramer has said.
As headline Consumer Prices Index inflation rate falls to 8.7% today (although food inflation is still an eye-watering 19%, impacting the poorest the most), here's a handy guide to inflation I missed yesterday.
California has asked Biden for approval for its plan to phase out new gasoline-only vehicles sales by 2035, per Reuters.
Bernie Sanders says income over $1 billion should be taxed at 100%.
We are just greyhounds on the track, endlessly chasing a mechanical rabbit that we will never catch.
https://odonnellweb.com/pelican/the-gospel-of-consumption.html
#economics #consumerism #capitalism #government #advertising #marketing #labor
Recommended #documentary
“Princes of the Yen: Central Banks and the Transformation of the Economy”
#global #systems #society #money #banking #economics #government #history #Japan
#hegemony #USA #inequality #classism #oligarchy
OPINION: Forget GDP growth, it's sustainable wellbeing we need to aim for.
An EU conference on sustainable growth provided a real vision for a future that’s fairer for all
#sustainability #EU #Economics #Wellbeing #GDP #Fair #Europe
First was an interesting panel on the state of global economic governance at #LSE with Abraham Newman, Stephanie Rickard, Jamie Martin, and @mpaulsen. I did feel like this talk mostly ignored the Global South, but it was still quite informative https://www.youtube.com/watch?v=WofSDwOj2Nc&t=1s (2/11) #economics
"We absolutely need to hire people," Elon Musk said of Twitter. "And if they're not too mad at us, probably rehire some of the people who were let go."
expansionary austerity is just taxing the rich.
Wow.
The former execs of failed banks Silicon Valley Bank and First Republic refused to commit to giving up their compensation when questioned about it.
They made millions as the banks collapsed, per Bloomberg.
It frustrates me how much political rhetoric on Mastodon just blames economists.
If you actually listen to economists--instead of media and politicians--they advise cash for the poor; high taxes on wealth hoarding; massive investments in education, basic research, public infrastructure, etc.
But policymakers don't listen to them. They listen to donors and voters. And media rarely ask economists where we should invest, they ask them whether a recession is coming.
--
#economics #uspolitics
@web3isgreat Decades past I openly considered doing this in a board game with some people I didn't know, just to demonstrate how messed up the rules were. (This was Supremacy, where you literally paid more to get the full rules.)
One guy got so angry that I might have taken the money and run - even though the rules of this very competitive game allowed it - that everyone missed the point, which was that the rules are messed up.
#TheRulesAreMessedUp #games #economics #web3 #capitalism #crypto
@davidho If the U.S. taught basic #economics (including negative #externalities and public goods) and statistics in high school, we’d all be so much better off.
By the way, my favorite way to explain negative externalities: “If I exercise my right to fart, you have to deal with the smell.”
Sundar Pichai's of Google, $GOOGL, response to: "If AI rules the world, what will we do?"
JUST IN: An FEC complaint has called for a federal probe of Senator Kyrsten Sinema's spending.
She spent more than $180,000 on luxury hotels, resorts & wine, dubbing them as "campaign expenditures."
This occurred, however, while Sinema was not actively campaigning.
Market prices of the riskiness of US debt have climbed, with credit default swaps on one-year US Treasury notes being at an all time high, per FT:
As boomers retired, workforce growth will plunge for decades, per BI:
BROKEN NEWS: The median cost of renting an apartment in Manhattan was $4,241 in April, an all time high.
Florida built as many housing units as the UK in 2021, despite having a population one third the size, per Joey Politano.
We are looking for:
'Postdoctoral Researcher on the Economics and Behavioural Economics of Digitalisation'
Deadline: 27 May.
Research topics: we're open-minded!
The @iHub & @Radboud_uni are a great place to work. And the Netherlands is a nice country to live.
@gregeganSF
Me: Working on a TTRPG setting satirising real world intergenerational wealth transfer problems through the assumption that a couple thousand years ago the crop of aristocrats decided undeath was the solution to "You can't take it with you when you go."
https://fantasyheartbreak.blogspot.com/2021/12/setting-tomb-world.html
#TTRPG #Undead #Economics #WealthDisparity #IntergenerationalWealth
@Vrimj
Thank you!
We need smart people to help rewrite these rules
The reason there are billionaires is because arbitrary tax laws made them that way, not because they work harder
We need to change the rules that created #ClimateChange and #billionaires and #homelessness and the #housingCrisis
When you lay it out so plainly, we can change words and readjust formulas
It doesn’t have to be this way, the world can be a better place
#economics
🆕 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.
Next was an interesting conversation with Eric Mvukiyehe and Subha Mani on the impact of public works programs on the @voxdev podcast. While it's hard to objectively verify the effects of workfare, the authors here do a good job using data from a number of countries https://podcasts.google.com/u/1/feed/aHR0cHM6Ly9hdWRpb2Jvb20uY29tL2NoYW5uZWxzLzQ5NzA3NzQucnNz/episode/dGFnOmF1ZGlvYm9vbS5jb20sMjAyMy0wNS0xNzovcG9zdHMvODMwMjIzNQ?sa=X&ved=0CAUQkfYCahcKEwjo_rG03_3-AhUAAAAAHQAAAAAQLA (6/9) #economics
May 17
On The Road To Serfdom | A reaction to Robert Reich's upload on child labor legalization.
3min video
child labor is a consequence and a cause. The GOP is on the war path to utter economic ruin.
Israeli #Archaeologists Find 2,000-year-old Financial Record
https://www.haaretz.com/archaeology/2023-05-17/ty-article/israeli-archaeologists-find-2-000-year-old-financial-record-in-jerusalem/00000188-28eb-df77-afe9-69ef95060000
#histodons #history #geschichte #histoire #Archäologie #archaeodons #archaeology #RomanArchaeology #ancienthistory #AncientRome #antiquity #antike #MiddleEast #EconomicHistory #econ #economics
“companies located in the EU invested around €1 billion in [open source software] in 2018, which resulted in an impact on the European economy of between €65 and €95 billion.” According to an EU-funded study. https://digital-strategy.ec.europa.eu/en/library/study-about-impact-open-source-software-and-hardware-technological-independence-competitiveness-and #opensource #eu #economics
"Globally, we continue to use ever-increasing amounts of natural resources to support our economic activity. The efficiency with which such resources are used remains unchanged at the global level, thus we have not yet seen a decoupling of economic growth and natural resource use. Globally, the generation of waste is mounting."
Here's a brief selection from one of the opening plenary session talks at the #BeyondGrowth conference taking place now in Europe...
"We need to reduce production of private jets, SUVs, commercial airlines, mansions, industrial beef, fast fashion, advertising, arms, cruise ships — there are huge chunks of our economy that are mostly organized around capital accumulation, and are wasteful and destructive and totally irrelevant to human well-being. We can also ban the practice of planned obsolescence and introduce policies to expand product lifespans. When products last twice as long, we will need half as many. Finally, we urgently need to cut the purchasing power of the rich, using basic sensible policy tools such as wealth taxes and maximum income ratios."
That's Jason Hickel (@jasonhickel), Professor at the Institute for Environmental Science and Technology at the Autonomous University of Barcelona, Visiting Senior Fellow at the International Inequalities Institute at the London School of Economics, and Chair Professor of Global Justice and the Environment at the University of Oslo.
#Economics #Politics #Environment #Climate #ClimateChange #ClimateCrisis #Inequality #Capitalism #Degrowth
Last week, we had a talk by Professor Erik Gomez-Baggethun on "Rethinking work and working time". In case you missed it, you can find the recording of the talk here: https://video.ku.dk/video/85853901/the-degrowth-online-seminar-series
Our first talk, by Dr. Matthias Schmelzer ("Degrowth 101"), is also available online: https://video.ku.dk/video/85159910/degrowth-online-seminar-series
Our next online talk will be on June 13th at 1 PM CEST, and all are invited! Dr. Corinna Dengler from Vienna University of Economics and Business will talk about “Caring for future: Feminist Perspectives on Degrowth”
You can register for the talk here: https://ucph-ku.zoom.us/meeting/register/u5Ykf-utrTMjHNZePmsYuIlb1hlLQkjceBBV
#degrowth #postgrowth #feminism #economics #ClimateCrisis #sustainability #environment #climate
“When a new technology becomes cheaper than the old one & can do all the same stuff, people switch…
1. The EV revolution will help save the planet’s environment bc it’ll allow us to electrify most of transportation, which accounts for ~1/4 of global CO2 emissions. 2. It’ll give us cheaper transportation than before, which will boost economic growth & make life easier for lots of people.”
Excellent explainer of why “EVs will win” by @noahpinion https://www.noahpinion.blog/p/all-the-arguments-against-evs-are #climatechange #economics
Next were information packed talks by Ed Balls and @annastansbury on how to reduce the UK's economic inequality at Harvard's Center for International Development. If you want to dig into a whole host of factors that relate to income with a UK focus, this is the place https://www.youtube.com/watch?v=9uo8BI1J8ds (7/11) #economics
#Acronym of the day: GILTI
Global Intangible Low-Taxed Income.
Earned by foreign affiliates of US companies from intangible assets such as patents, trademarks, and copyrights.
Hat tip: Paul Krugman, New York Times newsletter
HOW DID WE GET HERE?
(a thread of threads, quotes, and links)
This is a collection of writings and research concerned with how we got where we are today, which is in fact the story of what has been done *to* us, and what has been *taken from us*.
By "us" we're talking about "the 99%", "workers", "wage slaves", all non-owners of private property, "the poor", unhoused people, indigenous people, even plenty of people who swear by capitalism and identify as "capitalist" yet have no capital of their own and no serious hope of ever having any worth speaking of. In other words almost everyone except for the very few who have had the power to exploit us and shape our lives to serve their agenda. We're going to examine institutions and concepts that have deeply altered our world at all levels, both our external and internal realities.
By "here" we are talking about climate crisis and myriad other environmental catastrophes resulting from hyper-excessive extraction, consumption and waste; a world of rampant inequality and exploitation, hunger and starvation; a world of fences, walls, tollbooths, prisons, police, bullshit jobs and criminalized poverty; a world overrun with cars and preventable diseases; a world of vanishing biodiversity and blooming fascism; a world where "democracy" results in being led by some of the worst of humanity; a world ruled by an imaginary but all-powerful and single-minded god: Capital.
Our inspiration and structural framework for this survey is this quote from "The Prehistory of Private Property", an important work from political philosopher Karl Widerquist and anthropologist Grant S. McCall:
"After hundreds of millennia in which all humans had direct access to the commons, it took only a few centuries for enclosure, colonialism, capitalism, and industrialization to cut off the vast majority of people on Earth from direct access to the means of economic production and therefore to rob them of the power to say no. It took only a few generations to convince most people that this situation was natural and inevitable. That false lesson needs to be unlearned."
https://widerquist.com/books-3/#2b
Also recommended: "Prehistoric Myths in Modern Political Philosophy"
https://widerquist.com/books-3/#4b
#capitalism #colonialism #enclosure #PrivateProperty #state #police #inequality #anthropology #environment #ClimateCrisis #economics
1/30
Since 2000, Social Security benefits have lost 36% of their buying power, per CNBC.
To be able to live as well on Social Security benefits as beneficiaries did in 2000, today's retirees would need an extra $516.70 per month.
I (Editor) love quoting #GKChesterton. He was a great #journalist whose #essay(s) are still loved today. Advocated #Distributism #Economics. What he noticed about #Millionaires 100 years ago still apply to #Billionaires today.
#HistoryRepeats. #Chesterton was a huge influence on #Fantasy #Literature today, inspiring such #Authors as #Tolkien, #Pratchett, #CSLewis, and #Gaiman, with his thoughts on #Myth, #Story, #Art, and #Narrative.
Holy Crap, this is the most informative video on Milton Friedman you might ever see. Probably at least for today.
https://twitter.com/fdsignifier kills it...
#MiltonFriedman #Economics #ThisIsABadTime #Unionize
Privatization of public goods (water, healthcare, housing, food) doesn't mean people will stop being desperately hungry, or needing a home, or medical care. All it means is that the response to desperate hunger will be state violence through the institutions of "law and order."
"[Economic] freedom... ends up legitimizing 'social exclusion and social violence. When the nation itself is economized... democratic principles of universality, equality, and openness are jettisoned... Statism, policing, and authoritarian power also ramify since walling, policing, and securitization of every kind are authorized by the need to secure this vast expanse of personal, deregulated freedom."
-Wendy Brown, 2019, *In the Ruins of Neoliberalism*
#JordanNeely #feminism #BlackMastodon #BlackFedi #Blackademia #unhoused #economics #politics
Such a good @changelog show with @pluralistic https://changelog.com/podcast/535 ❤️
"From an #economist’s point of view, the marvel of the #Buddhist way of life is the utter rationality of its pattern — amazingly small means leading to extraordinarily satisfactory results."
– E. F. Schumacher, *Small Is Beautiful* (1911-1977)
Digital Diabetes System Shown to Cut Health Care Use
A study of people with type 2 #diabetes shows those using a #digital diabetes management #system made fewer #hospital visits than non-users over a 12-month period.
https://sciencebusiness.technewslit.com/?p=44770
#News #Science #Business #Collaboration #Economics #Type2Diabetes #Glucose #HospitalVisits #MobileApp #MedicalDevice #ChronicDisease