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Father Time is ticking away in our DNA.

The post The Universal Clock of Aging appeared first on Nautilus.

You knew they would be, right? The WaPo reports: House Republicans have started to weigh a series of legislative proposals targeting Social Security, Medicare and other entitlement programs, part of a broader campaign to slash federal spending that could force the new majority to grapple with some of the most difficult and delicate issues in American politics. Only weeks after taking control of the chamber, GOP lawmakers under new Speaker Kevin McCarthy (R-Calif.) have rallied around firm pledges for austerity, insisting their efforts can improve the nation’s fiscal health. They have signaled they are willing to leverage the fight over the debt ceiling — and the threat of a fiscal doomsday — to seek major policy concessions from the Biden administration. So far, the party has focused its attention on slimming down federal health care, education, science and labor programs, perhaps by billions of dollars. But some Republicans also have pitched a deeper examination of entitlements, which account for much of the government’s annual spending — and reflect some of the greatest looming fiscal challenges facing the United States.

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Note, this morning, when I have a lot of drawing to do, my stylus isn't working.

Today's News:

Jeff Zients has spent most of his career working in for-profit health care companies with worrying allegations.

The post Biden’s New Chief of Staff Might Be Very Bad News appeared first on The Intercept.

“Mike Pence kept me from having a complete collection of documents, and that, quite frankly, is a disgrace,” the former President said.

Today, I have a few news and information items. First, I detail how to migrate to Mastodon so that you can continue to follow me as I escape Twitter. Second, I provide enrolment details for the next offering of our MMT edX MOOC. Third, I provide access details to my annual Helsinki public lecture which will take place tomorrow starting at 19:00 EAST.

Bill Mitchell – billy blog
Migrating to Mastodon and some additional announcements
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australiael

Since I am in the Modern Monetary Theory (MMT) camp, I cannot write a book on baking without covering some of the critiques of MMT and banking. I wrote about this topic in Section 5.7 of my earlier book, Modern Monetary Theory and the Recovery. In this section, I am give a minimal explanation of the topic, without covering too much of the same ground of that earlier text.

Note: This is a draft of a section that will go into my banking primer manuscript.

MMT And Banking
Brian Romanchuk

~ Today's Water Cooler ~

And they’re even more fatuous than usual Charlie Sykes takes it on: In today’s edition of Unfathomable Mysteries: Andrew Sullivan ponders the question: Why is the right losing the young? And what can it do to win them back? It’s worth reading because he gets so much right… and so much very wrong. In the end, Sullivan’s analysis is extraordinarily revealing, but not, perhaps, for the reasons he intends. The problem itself is pretty obvious, as young voters have increasingly been moving away from the GOP, and played a major role in breaking the Red Wave in the midterms. The problem with young women is especially dire, with one exit poll suggesting that “72 percent of women ages 18-29 voted for Democrats in House races nationwide. In a pivotal Pennsylvania Senate race, 77 percent of young women voted for embattled Democrat John Fetterman, helping to secure his victory.” What’s happening here? “It’s dawning on many on the political center and right that the current younger generation in America is not like previous younger generations,” Sullivan wrote last week.

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

Promoters plugged crypto as the key to accelerating Black America’s path to prosperity. It was going to level the playing field once and for all. The world of cryptocurrency was painted as a welcoming place for Black investors leery of traditional finance, a golden opportunity to build wealth and achieve financial empowerment. There was lots of talk of big returns, and few warnings of risks. Exuberance took hold.

But when markets began to crumble, Black people were left holding the bag. Many investors who came in after 2020 are now underwater; some have said goodbye to their life savings. Last in, hardest hit.

Yellen wanted this to be the best of all possible worlds, but the best world she could conceive of was terrible.

The post In Confidential Memo, Treasury Secretary Janet Yellen Celebrated Unemployment as a “Worker-Discipline Device” appeared first on The Intercept.

Community activism is an established part of Britain’s contemporary left: groups like ACORN, London Renters Union, and Living Rent are well known, and many of us will be familiar with their work. But what about the history of this form of struggle? These groups didn’t come from nowhere, but beyond word of mouth, the record […]

Nuclear weapons are deadly, indiscriminate, and have the potential to wipe out life on earth. But they are still held by a handful of states who believe that they bring security and who are so wedded to them that they cannot see what is in front of their noses. Not all states think that their Continue reading »

There is hectic media attention to the pressure on Germany to allow a few of its Leopard 2 tanks to be given to Ukraine by countries that have bought them from Germany. The words “self-deception and fantasy” come to mind. But it does make clear Ukraine’s underlying logistical problem. 18, All warfare is based on Continue reading »

Nothing coming from Albanese and the Labor government offers any hope for public schools. Minister for Education Jason Clare’s recent public sermons, in response to the latest Product Commissions findings on Australia’s failure to produce a quality education system, will challenge his courage and integrity. His declared position ‘I don’t want us to be a Continue reading »

In noting that debate about Australia Day began early this year, Henry Reynolds has made a very strong case for not celebrating on that day. That case is well made, however, the simple problem remains that 26 January 1788 remains the single most significant day in Australian history. It is the day from which everything Continue reading »

British government’s latest six-monthly report on Hong Kong should in the name of ending blatant hypocrisy be its last. In a standard ritual of keeping the Communist Party of China (CPC) on its toes, the British government published on January 12, 2023, the 51st six-monthly report on the situation in Hong Kong, which at some point in history played a role of Continue reading »

The classmates of 7-year-old Rayan Suleiman sit near his body during the boy’s funeral in Tuqu, a village south of the West Bank city of Bethlehem. Rayan had a heart attack when Israeli soldiers raided his home while they were chasing Palestinian children returning home from school. Once again I did not go to Habima Continue reading »

Dr David Robert Grimes looks at the partisan polarisation and obsession with scientists rather than science that makes us prone to medical misinformation and anti-vaccine propaganda

Lookee here: A lawyer for former Vice President Mike Pence discovered about a dozen documents marked as classified at Pence’s Indiana home last week, and he has turned those classified records over to the FBI, multiple sources familiar with the matter told CNN. The FBI and the Justice Department’s National Security Division have launched a review of the documents and how they ended up in Pence’s house in Indiana. The classified documents were discovered at Pence’s new home in Carmel, Indiana, by a lawyer for Pence in the wake of the revelations about classified material discovered in President Joe Biden’s private office and residence, the sources said. The discovery comes after Pence has repeatedly said he did not have any classified documents in his possession. It is not yet clear what the documents are related to or their level of sensitivity or classification. Pence’s team notified congressional leaders and relevant committees of the discovery on Tuesday.

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No Ukrainian citizens can be left living under the Russian President's fascist rule, writes Paul Niland