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Thu, 20/02/2025 - 21:27
Post Keynesian authors have offered various classifications of uncertainty … A common distinction is that of epistemological versus ontological uncertainty, with the former depending on the limitations of human reasoning and the latter on the actual nature of social systems … Models of ontological uncertainty tend to hinge on the existence of information that is […]
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Thu, 20/02/2025 - 20:00
Sam Christie and Aniruddha Rajan Sudden contractions in credit supply can trigger and amplify recessions – a reality made painfully clear by the 2008 global financial crisis (GFC). However, quantifying these real economic effects is challenging. In this post, we demonstrate a novel way to do so using Granular Instrumental Variables (GIV), focusing on the … Continue reading GIV us some credit: estimating the macroeconomic effects of credit supply shocks
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Thu, 20/02/2025 - 18:54

AN ENGAGED crowd of nearly 300 packed the Coast Hotel at Coffs Harbour last Friday night for “Politics in the Pub” featuring the first Independent Senator for the ACT David Pocock, and two-time Federal candidate for Cowper, Caz Heise. Despite the sweltering conditions and standing-room-only crowd, the audience remained enthusiastic, directing a wide range of...

The post Independents join forces at Coffs Harbour’s ‘Politics in the Pub’ appeared first on News Of The Area.

Created
Thu, 20/02/2025 - 18:52

AN 86-year-old cyclist has celebrated his birthday aboard his bike, in a pedalling party of friends. Dressed in high-viz lycra, the Dorrigo, Urunga, Bellingen Bicycle User Group’s (DUBBUG) very own “Poppy John” enjoyed a birthday ride that included a stop off for morning tea where his wife Pam joined in. Advertise with News of The...

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Created
Thu, 20/02/2025 - 17:41

PROGRESS on the Coffs Harbour bypass will be explained in a series of webinars next month. Webinars will provide an update on construction progress of bridges, tunnels and earthworks, and participants will have the opportunity to ask questions at the end of each presentation. Advertise with News of The Area today. It’s worth it for...

The post Webinars to explain Coffs Harbour Bypass progress appeared first on News Of The Area.

Created
Thu, 20/02/2025 - 12:32
Today (February 20, 2025), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for January 2025. Employment growth was relatively strong and concentrated on full-time employment, which is a good sign. It was, however, unable to keep pace with the underlying population growth and the rising participation rate and as a…
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Thu, 20/02/2025 - 11:30

“In the first case to reach the Supreme Court arising from the blitz of actions taken in the early weeks of the new administration, lawyers for President Trump asked the justices on Sunday to let him fire a government lawyer who leads a watchdog agency.” — New York Times

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Look, I get it. You’re stressed. Trump’s executive orders are coming in fast and furious. Birthright citizenship? On the chopping block. Federal agencies? Slashed to bits. A ketamine-addled billionaire demolishing social security? Yeah, not great.

Things are pretty stressful right now, but don’t freak out. Our democracy was built for this.

Remember what you learned in civics class about checks and balances? The three equal branches of government? The separation of powers? The restraints on executive overreach?

Created
Thu, 20/02/2025 - 11:30
You’d think Trump would because of his family history. But no. Greg Sargent writes today about the latest atrocity at the NIH: [O]ne downsizing just started attracting notice among insiders at the National Institutes of Health, because it seems particularly inexplicable: According to people familiar with the situation, approximately one-tenth of the workers have now been let go at the NIH’s Center for Alzheimer’s and Related Dementias, or CARD, including its incoming director, a highly regarded scientist credited with important innovations in the field. What makes this particularly jarring is that it could set back efforts to treat and develop cures for these awful afflictions, as these insiders and other experts fear. But it’s also that the potential for this center to do good—and the importance of the broader cause of battling Alzheimer’s—have both been championed by Republicans.
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Thu, 20/02/2025 - 10:59
It’s National Chocolate Mint Day! At least, according to one of the many “National Day” or “National Food Holiday” websites. I should probably pick one and stick to it. My reference used to be Foodimentary. But the site no longer exists. Oh, there’s a book! *1 minute later* OK, I just bought the book. It’llContinue reading 2-in-1 International Recipe Card Collection: Mocha Mint (1977)
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Thu, 20/02/2025 - 10:37
Dr Hussam Abu Safiya seen in an interview with an Israeli journalist from an Israeli jail draws a statement from his family of psychological terrorism. Owen James speaks of Palestinian children tried in military court while settlers are tried in civil court. Zelenskyy pushes back on Trump with facts. Dan Duggan was one of many Continue reading »
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Thu, 20/02/2025 - 10:00
A federal prosecutor actually wrote this piece of garbage: That letter was sent around by Ed Martin the Acting DC US Attorney Trump has now nominated to be permanent based upon his lib-owning tweets and DOGE boot licking. He tweeted this two days ago: Right. Remember this? Trump pardoned all of them. “EagleEd” was also at January 6th, he raised money for the rioters and defended some of them, even going so far as to dismiss a case as acting US Atty on which he was also the defense attorney. Hypocrisy can’t begin to describe it. You should see the shrieking on twitter over some protesters with posters that say “off with their heads” and the like about Trump and Musk. Fuck ’em. Trump pardoned all those people for violently threatening the whole US Congress during a joint session of congress to stop the peaceful transfer of power. If EagleEd wants to throw people in jail for some signs at a peaceful protest I think he should try. The result will clarify our situation once and for all.
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Thu, 20/02/2025 - 08:30
Unless he’s going to ignore a court ruling, he may be getting ahead of himself: The Trump administration on Wednesday nixed federal approval of New York’s “congestion pricing” automobile tolls, which had been instituted just last month to raise funds for the region’s aging mass transit system. In a letter to New York Gov. Kathy Hochul, U.S. Transportation Secretary Sean Duffy said the federal government has jurisdiction over highways leading to Manhattan and that these additional tolls posed an unfair burden in motorists outside the city. Duffy called the tolls, targeting Manhattan-bound drivers, “backwards and unfair.” “New York State’s congestion pricing plan is a slap in the face to working class Americans and small business owners,” Duffy said in statement. […] MTA Chairman and CEO Janno Lieber said Wednesday the New York transportation agency will go to court to fight any federal efforts to end the tolls.