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Created
Thu, 11/04/2024 - 23:29

When I was in the U.S. military, I learned a saying (often wrongly attributed to the Greek philosopher Plato) that only the dead have seen the end of war. Its persistence through history to this very moment should indeed be sobering. What would it take for us humans to stop killing each other with such vigor and in such numbers? Song lyrics tell me to be proud to be an American, yet war and profligate preparations for more of the same are omnipresent here. My government spends more on its military than the next 10 countries combined (and most of them are allies). In this century, our leaders have twice warned of an “axis of evil” intent on harming us,... Read more

Source: There Is Only One Spaceship Earth appeared first on TomDispatch.com.

Created
Thu, 11/04/2024 - 23:00
Biden launches ad blitz after Arizona abortion ruling Perhaps you’ve noticed. The Democratic president Donald “Now 88 Counts” Trump once called “Sleepy Joe” is hammering MAGA Republicans over their post-Roe revocation of women’s reproductive freedoms in state after state. Biden “plans to pummel Trump on abortion” (Politico): Joe Biden’s campaign plans to hammer Donald Trump for his role in erasing abortion rights largely by enlisting ordinary American women who have suffered from restrictions on the procedure, elevating their voices in place of the president’s own. This approach was immediately on display this week in a Biden campaign video featuring the story of a Texas woman released after Trump announced he would defer to state-level abortion laws, some of which impose draconian limits on women and physicians. Biden himself made no appearance in the ad, except to deliver a standard campaign finance disclosure line. As the reporters frame it, Biden is taking a back seat here because of his “complicated history” on abortion.
Created
Thu, 11/04/2024 - 23:00

Callie Siskel’s Two Minds is neither minimalist nor maximalist, but the spareness and efficiency speak volumes—and sometimes speak in long lines, sometimes short—making an art of saying as little as possible, but crucially no less. What’s left out presses upon what remains, and what remains is both substantial and hard as stone. Here’s the beginning of “Invitation,” which begins with an invitation:

My initials curled inside the oval like three robins
crowding a tree hollow.

The cardstock was beveled, the envelopes lined in airy pink paper.

My father was dying

quietly like the sound of his pen lifting
then touching down again.

Created
Thu, 11/04/2024 - 22:00

Millennials mill around a circle of chairs and a coffee station. They settle into seats and begin the weekly meeting of people whose friends have all moved to Los Angeles. This group is known as “We Have Yearning (for Those Who Moved to) Los Angeles” or WHYLA.

FACILITATOR KERRY: Good morning. Thank you all for coming—and for continuing to support one another as we pine for friends who have decamped for West Hollywood, Silver Lake, Culver City, or another area in LA for opportunities in the film industry, or simply because they like the sun. I say “area in LA” because I heard that some parts of LA are actually their own little cities, but they feel like neighborhoods, so I’m being vague because I don’t really understand.

VARIOUS GROUP MEMBERS: (overlapping) Me neither! Same!

FACILITATOR KERRY: Our guest speaker today is Jenny, who, as some of you know, has lost three friends to Los Angeles.

Created
Thu, 11/04/2024 - 20:36

On 18 March, the Metropolitan Police’s cyber-crimes unit announced it had launched an investigation into the Labour Party’s selection process for the new seat of Croydon East. The contest had been suspended following allegations that members’ details had been tampered with — allegations since confirmed by party sources. Joel Bodmer, a candidate on the party’s […]

Created
Thu, 11/04/2024 - 19:11
Överskottsmålet är ett hål i huvudet. Riksbanken kommer inte att nå sitt inflationsmål. Euron är dysfunktionell och eurokrisen kommer tillbaka vid nästa recession. Se där tre bra utgångspunkter för den som vill förstå hur ekonomin kommer att utvecklas det närmaste året. Låter det både stolligt, alarmistiskt och populistiskt? Möjligt, men det finns en röd tråd […]
Created
Thu, 11/04/2024 - 18:00
Natalie Burr, Julian Reynolds and Mike Joyce Monetary policymakers have a number of tools they can use to influence monetary conditions, in order to maintain price stability. While central banks typically favour short-term policy rates as their primary instrument, when policy rates remained constrained at near-zero levels following the global financial crisis (GFC), many central … Continue reading To the lower bound and back: measuring UK monetary conditions
Created
Thu, 11/04/2024 - 11:30
This paper explores the merits of introducing a retail central bank digital currency (CBDC) in Australia, focusing on the extent to which consumers would value having access to a digital form of money that is even safer and potentially more private than commercial bank deposits. To conduct our exploration we run a discrete choice experiment, which is a technique designed specifically for assessing public valuations of goods without markets. The results suggest that the average consumer attaches no value to the added safety of a CBDC. This is consistent with bank deposits in Australia already being perceived as a safe form of money, and physical cash issued by the Reserve Bank of Australia continuing to be available as an alternative option. Privacy settings of a CBDC, which can take various forms, look more consequential for the CBDC value proposition. We find no clear relationship between safety or privacy valuations and the degree of consumers' cash use.