Well, things are getting interesting in the US. The Federal Reserve started hiking interest rates in April 2022 and its decisions are underpinned by an theoretical framework that suggests the unemployment rate is below what it thinks is the natural rate (the rate where inflation is stable). So the rate hikes are meant to slow spending and increase the unemployment rate and cause price setters to stop accelerating prices up. Except the data isn’t obeying the theory and inflation is falling despite the rate hikes rather than because of them. This is another demonstration of how flawed the dominant mainstream economics has become. Last Friday (January 3, 2022), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – January 2023 – which revealed on-going and very robust employment growth, rising participation and falling unemployment. These are good signs for American workers. Further, as inflation is now in decline, most sectors recorded both modest nominal wages growth is some real wages growth – another virtuous sign. The latest data is certainly not consistent with the Federal Reserve type narratives.
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It was identified by Chinese officials within seconds
A slate of reformers unleashed the fury of the Florida GOP and its business elite, and left two men facing garbage felony charges.
The post How a Grassroots Revolt in the Iconic Retirement Community Ended With a 72-Year-Old Political Prisoner appeared first on The Intercept.
Well, things are getting interesting in the US. The Federal Reserve started hiking interest rates in April 2022 and its decisions are underpinned by an theoretical framework that suggests the unemployment rate is above what it thinks is the natural…
Well, things are getting interesting in the US. The Federal Reserve started hiking interest rates in April 2022 and its decisions are underpinned by an theoretical framework that suggests the unemployment rate is above what it thinks is the natural rate (the rate where inflation is stable). So the rate hikes are meant to slow…
The battle over how many billion humans planet Earth can safely carry is growing exponentially, writes Sue Arnold. read now..."At 13:21 EST an F-22 fighter jet dismantled four unidentified airborne objects"
Now it’s Chris Christie’s turn in the barrel: Christie says “shut up Donnie!” In case you are wondering why this is suddenly happening, Christie was on ABC this morning: He also said “Biden didn’t win, Trump lost” which I’m sure made Trump’s head spin around on his shoulders like Linda Blair in “The Exorcist. “ Some people never grow up. These two certainly didn’t.
Strategic organizational design is vital to a successful digital transformation. But many businesses need to realize that there are five factors to organizational design, not just one. Businesses can create a more holistic and effective digital transformation strategy by considering all five factors – purpose, structure, process, people, and culture. When it comes to organizational…
The post The Five Factors of Organizational Design for Successful Digital Transformation appeared first on Peak Oil.
While no one can say precisely what the future holds, a few key trends offer powerful insight into where the FinTech industry is headed. So today, we’ll explore what we can expect from the future of FinTech. FinTech online courses are a great way to learn more about topics relating to financial technology, including what the…
The post <strong>The Future Of Fintech:</strong> What’s Next For The Industry? appeared first on Peak Oil.
Opposition leader the Dark Lord Peter Dutton has warned his colleagues not to challenge him for the leadership after the latest polls revealed that he had made little to no ground on the Government in a year. ”Politics is not... Read More ›
It was January 1983 and raining in San Francisco. The summer before, I’d moved here from Portland, Oregon, a city known for its perpetual gray drizzles and, on the 60-odd days a year when the sun deigns to shine, dazzling displays of greenery. My girlfriend had spent a year convincing me that San Francisco had much more to offer me than Portland did for her. Every few months, I’d scrape the bottom of my bank account to travel to San Francisco and taste its charms. Once, I even hitched a ride on a private plane. (Those were the days!) In a week’s visit, she’d take me to multiple women’s music concerts — events you’d wait a year for in Portland.... Read more
Source: Rain and Heat, Fire and Snow appeared first on TomDispatch.com.
Joe Conason with a reminder of just who wrote it: Down at Mar-a-Lago and anywhere else that former President Donald Trump is still venerated, he and his entourage are excited about a publication that has never before drawn his attention. The Columbia Journalism Review has just published a four-part, 24,000-word essay that purports to debunk the Trump-Russia “narrative” — and seeks to blame rising public disdain for the press, among other ills, on The New York Times and The Washington Post for their coverage of that scandal. Its author is Jeff Gerth, a reporter who worked at the Times for three decades. His former colleagues are said to be seething with fury at him. They have ample reason, not out of feelings of personal betrayal, but because Gerth has betrayed basic journalistic standards. Unfortunately, this is not the first time. Very few people will persevere through Gerth’s prose (which the late press critic Alexander Cockburn once compared to “bicycling through wet sand.”).
At a forum in Australia on Monday the 23rd, Microsoft co-founder Bill Gates described China’s rise to a leading global economy as a “huge win for the world.” According to Forbes, Gates stated: “I do think the current mentality of the U.S. to China — and which is reciprocated — is kind of a lose-lose […]
The post Bill Gates Sees ‘China’s rise’ as ‘Huge Win For the World’ appeared first on scheerpost.com.
The surge in support for Labor and the teal independents in last year’s federal election has come from the tenacity of seniors, rather than the idealism of youth, reports Alan Austin. read now...‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …
The post Money for big business and war but not for the public good appeared first on The Gower Initiative for Modern Money Studies.
Why is the Biden regime not making serious, vigorous representations in Beijing—threatening a break in relations, diplomatic expulsions, or other such retaliation for a breach of American sovereignty—about this "spy craft?"
The post Patrick Lawrence: The Pentagon’s Balloon Floats On appeared first on scheerpost.com.
Double concludes with a Torchwood episodes which shocks with twists and turns from the very first scene Last time, Blogtor Who noted that it was hard to review Double Part One without knowing how, or if, its various plot points and character arcs were going to resolve. If anything, Big Finish’s release of Part One […]
The post REVIEW: Torchwood: Double Part Two – A Shocking Conclusion appeared first on Blogtor Who.
Greg Sargent makes the point that while GOP Governors are trying to turn their states into antediluvian hellscapes, Democratic Governors in the big blue states are moving forward: Ron DeSantis, the Republican governor of Florida, is fond of describing his state as the place “where woke goes to die.” If so, perhaps Democratic governors can do more to advertise their states as places where Florida-style school crackdowns go to die. Some Democratic governors — not just in coastal states but also in Midwestern ones — are beginning to test this idea. Illinois Gov. J.B. Pritzker has seized on DeSantis’s latest culture-warring — Florida’s decision to ban an Advanced Placement course in African American studies — to articulate a contrasting vision for what topics should be permitted in classrooms. This week, Pritzker singled out DeSantis as an “extremist,” after the College Board introduced a revised AP course in Black studies in response to DeSantis’s attacks.
Week-end Wrap – Political Economy – February 5, 2023
by Tony Wikrent
War
Russian Foreign Ministry Rejects Blinken and Nuland Proposals, Condemns Scholz for Reviving Hitler’s Plan to Destroy Russia
John Helmer [Dances with Bears, via Naked Capitalism 1-29-2023]
Doctor Who Executive Producer Joel Collins had some very interesting things to say about how the new TARDIS interior design came about.
The state said Leonard “Raheem” Taylor fled after killing his girlfriend’s family. Witnesses said the victims were still alive days after he was gone.
The post Will Missouri Execute an Innocent Man? appeared first on The Intercept.