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Created
Wed, 22/03/2023 - 12:27


Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Government Oversight Subcommittee, Kucinich had a ringside seat in unraveling the bank collapses after the housing bubble burst. He confronted the players in the field with withering questions in Congressional hearings. Now Kucinich wanted important feedback from a banking insider on how this crisis was different than the one in 2008.
Created
Wed, 22/03/2023 - 12:09

This food timeline started as a way to explore the revolution in Australian food that has occurred during the baby-boomers’ lifetime, but has since expanded to include more about the previous decades (and century) as well. Also included are overseas events and trends that had an impact here. The entries are brief, but there are lots of links if you want more information.

degustation price - fine dining

Created
Wed, 22/03/2023 - 11:53

Dennis Kucinich & Michael Hudson Analyze the Banking Collapses: a lightly edited transcript March 15, 2023 Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Continue Reading

The post With Dennis Kucinich on the Financialized Economy, Collapse first appeared on Michael Hudson.
Created
Wed, 22/03/2023 - 11:30
Productivity growth has slowed in Australia in recent decades. Previous research highlighted the roles of persistently weak non-mining investment and a pervasive decline in economic dynamism, including slower reallocation of labour from low- to high-productivity firms. While these facts have so far been considered separately, this paper attempts to connect them by documenting investment patterns for firms with different levels of productivity. We find that more productive firms are more likely to invest and expand their capital stock than less productive firms, but the extent to which this is true has declined over time. This has weighed on productivity, output and incomes through lower aggregate investment, and also through a less efficient allocation of that investment. We find evidence that capital reallocation slowed more in sectors that were more dependent on external finance, pointing to financing frictions as potentially playing a role. Declines have also been more pronounced in sectors with increasing mark-ups, suggesting that weaker competition may have blunted incentives for firms to expand and improve or exit.
Created
Wed, 22/03/2023 - 11:00
But can Dear Leader ever really trust him again? This is just … pathetic: BO SNERDLEY (HOST): Tucker, listen, I’ve had a number of people saying they read all these things in the paper — “You hate Trump blah, blah, blah.” But this it — does Tucker like Trump’s policies, any policies of his? What’s the deal with you and Donald Trump? TUCKER CARLSON (GUEST): Oh, let’s see. I spent four years defending his policies and I — I’m going to defend them again tonight. And actually, and I’m pretty straight forward, I’m — I love Trump. Like, as a person, I think Trump is funny and insightful. And and I said this to Trump when he called me, you know, all wounded about those texts. That was a moment in time where I was absolutely infuriated. And I think this is in the text — and those were all grabbed  completely illegitimately, in my opinion, in this court case, which I guess I’m not allowed to talk about, but I’m enraged that my private texts were pulled.
Created
Wed, 22/03/2023 - 09:30
Trump’s rally can’t be a coincidence. Even he isn’t that clueless. I don’t know if Trump will mention this at his rally on the 30th, but you can bet that the violent, anti-government extremists in this country — and there are many — will see this as a signal. Former President Donald Trump – launching his bid to return to the White House even as he rallies supporters to protest against an arrest he claims is impending –  chose an auspicious location for one of his earliest rallies for the 2024 election: the city of Waco, Texas.  The rally, planned for Saturday, will fall during the 30th anniversary of the siege of the Branch Davidian compound in Waco. Federal agents, aiming to arrest cult leader David Koresh, surrounded his walled compound in an armed standoff that lasted more than a month. It ended in a botched raid that left 76 people, including 25 children, dead. This is very bad.
Created
Wed, 22/03/2023 - 08:26
A dual U.S.-Greek national working for Meta Platforms Inc. was hacked by the Predator spyware for around one year in Greece, the New York Times (NYT) revealed on Monday.

At the time, Artemis Seaford was in Greece working as a trust and safety manager on Meta’s security policy team.

Why she was hacked is unclear, but it’s now certain that her phone was hacked by Predator. According to NYT, this could make her the first known case of an American spied on in Europe using such technology.

Predator spyware is made by a company called Cytrox, a firm headquartered in Skopje, North Macedonia. In 2021, it was one of several surveillance-for-hire companies that Meta banned on its platforms after it was discovered they were surveilling as many as 50,000 of Meta’s users....
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Meta Executive Working in Greece Hacked by ‘Predator’ Spyware

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