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First Circle: Limbo

Midway on our journey in life, we find ourselves in a dark kitchen, surrounded by oak cabinets and laminate flooring, our savings account wholly lost. Welcome to reno limbo, a place where nothing happens, as the good crews are booked for several centuries. In this circle, pagans shout “DIY! DIY!” toiling back and forth to Home Depot, lost in the labyrinth, unable to find help or penny tile. They refuse to accept the biddings of Jesus, a master carpenter from Piscataway. Above the gates, a sign reads, ABANDON YOUR HOME, YE WHO CAN AFFORD IT.

Probably not It was reported on Friday that Donald Trump’s former lawyer, Michael Cohen, will be testifying before a grand jury today. This is widely considered to be leading to a probable indictment of Trump in the Stormy Daniels hush money case after the Manhattan DA, Alvin Bragg, invited the former president to testify last week. Apparently, prosecutors routinely give that option to targets they are about to charge with a crime. You’ll recall that the case pertains to the hush money scheme cooked by Trump and the National Inquirer back in 2016 to pay off women who slept with Donald Trump. The Daniels case ended up being a criminal investigation when it was revealed that Cohen bought her story through a shell company and was later reimbursed by Trump personally. Cohen went to jail for his part in this and his indictment left no doubt that he was doing the bidding of Trump who was nonetheless not charged. It appears that Bragg may have decided to rectify that. Meanwhile, the case in Georgia seems to be getting close to some kind of conclusion. The New York Attorney General’s civil case against Trump and the Trump Org. is still in play. And the E.

“This was a waste of a perfectly good balloon,” China’s President, Xi Jinping, reportedly griped.

Things are changing at the world's oldest hotel

There’s recently more and more discussion about what would happen if academics would stop structurally doing overwork, and instead work according to contract – which will in many cases mean 40 hours a week. It was the topic of a feature piece in Nature two weeks ago, and the topic has been discussed repeatedly by […]

While the former kick-boxing champion awaits trial in Romania for allegations of sex trafficking, Dimitris Dimitriadis and Sian Norris reveal the money being made in his name

A model that captures key vulnerabilities and structural weaknesses of developing countries' trade and production structures.

Our new INET working paper began as a background study for UNCTAD’s Trade and Development Report 2022. Since then, the world has evolved, but this essay has the same purpose as the original: To assess from the perspective of the Balance of Payments Constrained Growth (BPCG) model, the key current challenges to developing countries that spring from two broad types of factors they cannot control. These are, first, global shocks that affect the world economy at large and, second, major macro or trade policy changes in developed countries. The BPCG perspective helps to identify to what extent these challenges are rooted in or conditioned by the developing countries' financial vulnerabilities and structural weaknesses linked to their roles in international trade and capital markets.

A Balance-of-Payments Constrained Growth Perspective

The best explanation for why SVB failed I’ve read is here.

The bottom line is that as interest rates rose after they’d been low for a long time bonds, including Treasuries, lost value putting strain on balance sheets, and if a bank didn’t handle it right by making the correct bets, they could get slaughtered. Even so SVB might well have survived in a pre-internet banking era and/or if it didn’t have so few depositors, with so many of them depositing so much.

As at the end of 2022, it had 37,466 deposit customers, each holding in excess of $250,000 per account. Great for referrals when business is booming, such concentration can magnify a feedback loop when conditions reverse.

When the likes of Kissinger are accused of being compromisers, we can be certain that the political discourse on the war has reached a degree of extremism unprecedented in decades.

The post Even Kissinger Wants Compromise: How Ukraine Became a Winner-Take-All Proposition appeared first on MintPress News.

Twenty years on from the US invasion, Lorraine Mallinder assesses the ongoing political struggle against corruption and talks to those exposing it

 Monetarists….  😂😂😂😂😂😂😂

Jerome Powell testified in front of the banking committee this week.

COMMITTEE: “Do you see any systemic risk in the banking system because of the rapid rise of interest rates?”

POWELL: “No”

🥴

— Genevieve Roch-Decter, CFA (@GRDecter) March 12, 2023

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Careers stall due to laziness, a lack of new job skills, or a refusal to remove that therapy mushroom farm you’ve been growing at your desk. Working harder or going back to school are fine for people with grit or wealthy parents. But this odd obsession with fungi has become a metaphor for your career. You’ve attached yourself to a host workspace. You’re growing out of this company. And at some point, we’ll need to extricate you so we can have that desk back.

Emulate Young People

Getting to know young colleagues can be intimidating to those suffering through late-stage career malaise, with their perkiness and ideals and odor-free nuance. They smell like success instead of mildew and earthworm. They have fancy vests and have not been warned repeatedly by the Ergonomics Division about toxic molds infesting the air ducts. Young people have one thing in common. None of them spend the day going desk to desk, hawking oddly shaped spores to fellow employees. Just stop it and get back to work.

 

Pretty good breakdown:

If youre a big firm you’re going to have to get all your USD to a 100% govt money market fund and establish your own credit union staffed by your own people for the firm to use for payroll and current accounts payable/receivable... US banking system completely unusable with these Art degree monetarist morons trying to operate it…

Professional athlete Ricardo Dos Santos recalls his experience of discriminatory policing last year in London

By Mondoweiss On January 26, 2023 the Israeli army conducted a deadly invasion into the Jenin refugee camp in the occupied West Bank. In the span of a few hours, the army shot and killed 9 Palestinians. A 10th Palestinian succumbed days later to wounds sustained during the raid. It was one of the deadliest […]

The post On The Brink: Jenin’s Rising Resistance appeared first on scheerpost.com.

Russell Brand’s grim trajectory shows us where politics is heading By George Monbiot, published in the Guardian 10th March 2023 In 2014, the Guardian asked me to nominate my hero of the year. To some people’s surprise, I chose Russell Brand. I loved the way he energised young people who had been alienated from politics. […]

Most patients have no means of avoiding the burdensome process that has become a defining feature of American health care. But even those who have the time and energy to fight back may not get the outcome they hoped for.

The post Doctor Who Magazine Special: Showrunners appeared first on Doctor Who Magazine.

Legions of European businesses are succumbing to the final straw of Europe's largely self-inflicted energy crisis. 

How the criminal legal system slammed two Black men for standing up to white supremacist guards in an Indiana prison.

The post These Men Fought White Supremacists and Got Sentenced to Over 200 Years appeared first on scheerpost.com.