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
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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.
— Genevieve Roch-Decter, CFA (@GRDecter) March 12, 2023
COMMITTEE: “Do you see any systemic risk in the banking system because of the rapid rise of interest rates?”
POWELL: “No”
🥴
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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:
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.
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.
Rather than offering wages attractive to adults, there is an unconscionable push to bring back child labor.
The post Employers Want to Bring Child Labor to Some of the Most Dangerous Jobs in the Country appeared first on scheerpost.com.
Undersheriff April Tardy says her ankle imprint shows allegiance to her former station. Deputies say it represents a deputy gang.
The post Los Angeles Sheriff’s Second-In-Command Has Alleged Gang Tattoo appeared first on scheerpost.com.
- by Aeon Video
- by Kathryn David
- by Marie Nicolini