This week, the House Select Committee on Workforce Australia Employment Services held one of its public hearings. During the opening remarks, the Committee chair, Julian Hill remarked that he had asked the Department of Employment what a good service model looks like, and they couldn’t answer. He said they looked like a bunch of “well-paid, Continue reading »
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In this article, I am going to give a basic introduction to insolvency (bankruptcy), as well as a discussion of the principles of how losses are apportioned to the various classes of creditors of American banks. I will only attempt to look at American banks since bankruptcy procedures are specific to each legal jurisdiction. Although I was not a credit analyst, I worked with them and had some training on the topic. The article “U.S. Corporate and Bank Insolvency Regimes: An Economic Comparison and Evaluation” by Robert R. Bliss and George G. Kaufman (URL: https://www.chicagofed.org/-/media/publications/working-papers/2006/wp2006-01-pdf.pdf) covers this topic, and I will use it to justify some assertions about the procedures. I will then discuss some of the issues of the resolution of Silicon Valley Bank, which is underway at the time of writing....Bond Economics
Primer: American Bank Insolvency Losses
Brian Romanchuk
Israel is facing the most significant challenge to its existence since the establishment of the State in 1949. For the first time in its short history this is not a military threat of annihilation from an Arab neighbour with two of which (Egypt and Jordan) it has since formed peace treaties and a normalisation of Continue reading »
There’s something irrational about President Biden’s knee-jerk dismissal of China’s 12-point peace proposal titled “China’s Position on the Political Settlement of the Ukraine Crisis” “Not rational” is how Biden described the plan that calls for de-escalation toward a ceasefire, respect for national sovereignty, establishment of humanitarian corridors and resumption of peace talks. “Dialogue and negotiation Continue reading »
There are many reasons why I regularly worry about whether I might be devoting less individualised attention to my daughter than to my son. Some of these reasons are due to genuine, important differences between them, which are reasonable things for a parent to take into account and ponder about, although they do not obviously […]
I used to be like everyone else, hunched over a tiny screen, watching seventeen-year-olds give each other psychiatric diagnoses on TikTok. Then I misplaced my smartphone after the doorbell rang while I was playing Wordle on the toilet. Now I’m a mindfulness expert.
It all started forty-five minutes ago. Normally I would drink my morning coffee while hate-scrolling through Facebook to see which multilevel marketing scheme my high school nemesis is into now. Today, I chose to savor my beverage in the present moment. It was revelatory. The Trader Joe’s oat milk is way grittier than the Whole Foods brand. Also, two scoops of collagen powder is too much collagen powder. You can really taste the hoof.
That was this morning, not 2020.. It’s been well documented that Hydroxychloraquine is useless against COVID, Ivermectin as well. There was just another study on the latter a couple of weeks ago. And then there’s this: Just before 7 am on March 3, Danny Lemoi posted an update in his hugely popular pro-ivermectin Telegram group, Dirt Road Discussions: “HAPPY FRIDAY ALL YOU POISONOUS HORSE PASTE EATING SURVIVORS !!!” Hours later, Lemoi was dead. For the last decade, Lemoi had taken a daily dose of veterinary ivermectin, a dewormer designed to be used on large animals like horses and cows. In 2021, as ivermectin became a popular alternative COVID-19 treatment among anti-vaxxers, he launched what became one of the largest Telegram channels dedicated to promoting the use of it, including instructions on how to administer ivermectin to children.
The post Fear of God appeared first on scheerpost.com.
Discrimination against Palestinians at George Washington University is an institutional problem deeply rooted in the administration and powerful entities that support it.
The post Title VI Complaint Filed Against George Washington University Over “Hostile Environment of Anti-Palestinian Racism” appeared first on MintPress News.
Historians Naomi Oreskes (Harvard University) and Erik Conway (Caltech) talk to Rob about their just released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.
Mike Clarke, the Director of the Cochrane Centre in the UK, for example, states on the Centre’s Web site: ‘In a randomized trial, the only difference between the two groups being compared is that of most interest: the intervention under investigation’. This seems clearly to constitute a categorical assertion that by randomizing, all other factors […]
The Al Jazeera ‘Labour Files’ documentary series exposed afresh the rampant racism and war on democracy of the Labour right, both to sabotage the leadership of Jeremy Corbyn and to purge the left from the party under Keir Starmer. Now a new episode sees Martin Forde – the barrister Starmer reluctantly commissioned to investigate the […]
Twenty years after the invasion, veterans struggle to reconcile their sacrifices with the unhappy outcome and the false narratives that started the war.
The post “Trauma Never Goes Away”: As America Forgets, Iraq War Stays With U.S. Veterans appeared first on The Intercept.
A nation of Scrooges Matthew Desmond, a sociologist at Princeton, is the author of “Poverty, by America” and “Evicted” recalls that when abroad he’s heard heard the phrase “American-style deprivation” on several occasions. “Anyone who has visited [peer] countries can plainly see the difference, can experience what it might be like to live in a country without widespread public decay.” “The United States has a poverty problem,” Desmond explains. It is a tragedy and a national shame (New York Times): A third of the country’s people live in households making less than $55,000. Many are not officially counted among the poor, but there is plenty of economic hardship above the poverty line. And plenty far below it as well. According to the Supplemental Poverty Measure, which accounts for government aid and living expenses, more than one in 25 people in America 65 or older lived in deep poverty in 2021, meaning that they’d have to at minimum double their incomes just to reach the poverty line.
The first senior British Royal to ever enter the witness box in the High Court will allege Piers Morgan oversaw a conspiracy of newsroom criminality at the Daily Mirror, reveals Dan Evans
by Gregory M. Mikkelson
Just as it does for a certain “old man on a green bike,” my commitment to car-free travel often drives me to greater levels of exercise, and more vivid experiences of nature, than one would get behind the wheel of a car. Unfortunately, economic growth has progressively degraded one such experience. Trips to my partner’s lake cottage begin with a commuter train in Montréal and end with an hour-long walk on a dirt road through the countryside.
The post Bulldozing the Planet appeared first on Center for the Advancement of the Steady State Economy.
Are you aware that the United States is now exporting more blood than corn or soybeans? Learn about the shocking truth behind the booming business of blood collection and how it's sucking the life out of the poor.
The post The United States Is Literally Sucking the Blood of the Poor appeared first on MintPress News.
The Drupal Association is honored to be included in this month’s cycle of the Back-to-work Programme, an initiative by the International Centre for Free and Open Source Software in collaboration with Zyxware Technologies. Zyxware Technologies is one of our amazing Drupal Certified Partners, and we are excited to contribute to the success of this program for many cycles to come.
The Back-to-work Programme provides Drupal training to women professionals who have been on a career break due to various reasons. This program not only aims to induct them into the talent pool of Drupal developers but also provides an opportunity to reintroduce them to the Free Software community.
The Norfolk Southern CEO dialled in his Congressional testimony as more and more damning details about the Ohio crash emerge.
Ramzy Baroud sheds light on the ongoing protests in Israel and their limited impact on the country's inherently racist institutions and ongoing military occupation and apartheid in Palestine.
The post Israel Protests Should Not Be Confused With the Palestinian Struggle for Equality appeared first on MintPress News.
Nice figure of speech “injected!”… wow…
They are referring to the $2T of reserve balances currently in the RRP… why are they in that Fed account and not in Depository accounts where they could be utilized to settle unanticipated withdrawals without requiring sales of other HQLA at current reduced prices due to the dumb monetarists rate increases?
Why did the dumb Art degree people at the Fed reduce the RRR from 10% to 0% in the first place?
What is bad about requiring Depositories to maintain a ready USD balance of direct CB liabilities of a small 10% of their deposit liabilities in case of unanticipated withdrawals?
If the deposits flow to another depository (ie withdrawals) from available reserve balances that transaction actually INCREASES the Depository’s SLR with ZERO effect on Capital…
Hard to understand how the Art degree brain works… 🤔
JUST IN: 🇺🇸 $2 trillion could be injected into the US banking system by the Federal Reserve's emergency loan program, JPMorgan says.
In 1937, the American folklorist Alan Lomax invited Louisiana folksinger Huddie Ledbetter (better known as Lead Belly) to record some of his songs for the Library of Congress in Washington, D.C. Lead Belly and his wife Martha searched in vain for a place to spend a few nights nearby. But they were Black and no hotel would give them shelter, nor would any Black landlord let them in, because they were accompanied by Lomax, who was white. A white friend of Lomax’s finally agreed to put them up, although his landlord screamed abuse at him and threatened to call the police. In response to this encounter with D.C.’s Jim Crow laws, Lead Belly wrote a song, “The Bourgeois Blues,” recounting... Read more