Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Government Oversight Subcommittee, Kucinich had a ringside seat in unraveling the bank collapses after the housing bubble burst. He confronted the players in the field with withering questions in Congressional hearings. Now Kucinich wanted important feedback from a banking insider on how this crisis was different than the one in 2008.
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This food timeline started as a way to explore the revolution in Australian food that has occurred during the baby-boomers’ lifetime, but has since expanded to include more about the previous decades (and century) as well. Also included are overseas events and trends that had an impact here. The entries are brief, but there are lots of links if you want more information.
The AUKUS deal and Australia's commitment to costly submarines have raised concerns that our foreign policy is being led by the military. read now...Dennis Kucinich & Michael Hudson Analyze the Banking Collapses: a lightly edited transcript March 15, 2023 Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Continue Reading
The post With Dennis Kucinich on the Financialized Economy, Collapse first appeared on Michael Hudson.Productivity growth has slowed in Australia in recent decades. Previous research highlighted the roles of persistently weak non-mining investment and a pervasive decline in economic dynamism, including slower reallocation of labour from low- to high-productivity firms. While these facts have so far been considered separately, this paper attempts to connect them by documenting investment patterns for firms with different levels of productivity. We find that more productive firms are more likely to invest and expand their capital stock than less productive firms, but the extent to which this is true has declined over time. This has weighed on productivity, output and incomes through lower aggregate investment, and also through a less efficient allocation of that investment. We find evidence that capital reallocation slowed more in sectors that were more dependent on external finance, pointing to financing frictions as potentially playing a role. Declines have also been more pronounced in sectors with increasing mark-ups, suggesting that weaker competition may have blunted incentives for firms to expand and improve or exit.
But can Dear Leader ever really trust him again? This is just … pathetic: BO SNERDLEY (HOST): Tucker, listen, I’ve had a number of people saying they read all these things in the paper — “You hate Trump blah, blah, blah.” But this it — does Tucker like Trump’s policies, any policies of his? What’s the deal with you and Donald Trump? TUCKER CARLSON (GUEST): Oh, let’s see. I spent four years defending his policies and I — I’m going to defend them again tonight. And actually, and I’m pretty straight forward, I’m — I love Trump. Like, as a person, I think Trump is funny and insightful. And and I said this to Trump when he called me, you know, all wounded about those texts. That was a moment in time where I was absolutely infuriated. And I think this is in the text — and those were all grabbed completely illegitimately, in my opinion, in this court case, which I guess I’m not allowed to talk about, but I’m enraged that my private texts were pulled.
Trump’s rally can’t be a coincidence. Even he isn’t that clueless. I don’t know if Trump will mention this at his rally on the 30th, but you can bet that the violent, anti-government extremists in this country — and there are many — will see this as a signal. Former President Donald Trump – launching his bid to return to the White House even as he rallies supporters to protest against an arrest he claims is impending – chose an auspicious location for one of his earliest rallies for the 2024 election: the city of Waco, Texas. The rally, planned for Saturday, will fall during the 30th anniversary of the siege of the Branch Davidian compound in Waco. Federal agents, aiming to arrest cult leader David Koresh, surrounded his walled compound in an armed standoff that lasted more than a month. It ended in a botched raid that left 76 people, including 25 children, dead. This is very bad.
The post By George appeared first on scheerpost.com.
A dual U.S.-Greek national working for Meta Platforms Inc. was hacked by the Predator spyware for around one year in Greece, the New York Times (NYT) revealed on Monday.
At the time, Artemis Seaford was in Greece working as a trust and safety manager on Meta’s security policy team.
Why she was hacked is unclear, but it’s now certain that her phone was hacked by Predator. According to NYT, this could make her the first known case of an American spied on in Europe using such technology.
Predator spyware is made by a company called Cytrox, a firm headquartered in Skopje, North Macedonia. In 2021, it was one of several surveillance-for-hire companies that Meta banned on its platforms after it was discovered they were surveilling as many as 50,000 of Meta’s users....
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Meta Executive Working in Greece Hacked by ‘Predator’ SpywareAlso
I’ve been wondering about this too. From what I can tell, MSNBC is maintaining its anti-Trump stance but CNN is going to do a modified Crossfire strategy with a Trump liar on one side, a DeSantis toady on another and a reporter in the middle. Think about how that goes. Puck’s Tara Palmieri and Dylan Byers discussed the possibilities today: Tara: … Beyond Fox, how do you think the rest of the networks will cover Trump and other candidates on the campaign trail? I’m not seeing a lot of Trump, while Glenn Youngkin and Mike Pence both got “town hall” events at CNN. How do they rate? And will we see more of them? Dylan: Well, we know what MSNBC’s posture will likely be: “a pox on all their houses.” The open question—and it will be fascinating to watch—is CNN. In its new iteration under Warner Bros. Discovery, CNN has positioned itself as a nonpartisan, news-first outlet catering to Republicans and Democrats alike.
Problems plaguing the NBN stem from years of Coalition incompetence and the repercussions are stalling its progress. read now...In “A Simple Solution to the Banking Crisis That No Country Will Implement” (Patreon link; Substack link—both open access), I argued that The Fed could end the current crisis simply by buying all outstanding Treasury Bonds at face value. After that, in future The Fed should either let Treasury run an overdraft on its account … Continue reading "The Fractured Fairy Tales That Led To Today’s Banking Crisis"
This coming Saturday, March 25th—one week after a hysterical all-caps social media post in which...
Preparation time: 2 hours 5 minutesCooking time: 30-35 minutesTo serve: 4 You will need1 medium-sized cauliflower3 onions1 clove garlic½ teaspoon ginger powder½ pint (U.S. 1¼ cups) yoghurt1 teaspoon sugar1 teaspoon salt1½ oz. Cooking fat¼ pint (U.S. ⅝ cup) hot water1 teaspoon garam masala (see Card No. 2) Divide cauliflower into flowerets. Slice 1½ onions finely. […]
The series of fortunate astrophysical events that gave us Ceres.
The post The Dwarf Planet on Our Doorstep appeared first on Nautilus.
The Australian Greens have today called for the immediate banning of the traditional Election Day sausage sizzle, declaring that it is highly insensitive to vegetarians and that the phallic nature of the sausage is intimidating to female voters. “For too... Read More ›
Mao’s cultural revolution inspires Trump: Actually, it’s probably more like Pol Pot’s version. He sent all the urban professionals and intellectuals to the country to learn to be good communists. This is something he actually accomplished while in office. Recall that he moved the USDA researchers to Kansas City to be closer to the people. The last I heard a bunch of them quit and the department is now much smaller.
I am completely at a loss as to why the UK should seek to join in with the US in considering China an enemy, and in looking to build up military forces in the Pacific to oppose China. In what sense are Chinese interests opposed to British interests? I am not sure when I last […]
The post Why Would China Be An Enemy? appeared first on Craig Murray.