We asked The Nib’s Inkwell members to tell us how they got even.
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That’s the title of my latest piece in Inside Story, expanding on this recent post. More over the fold Looking at recent news on global heating, it’s easy to give way to despair. After a brief slowdown during the lockdown phase of the Covid pandemic emissions of greenhouse gases have continued to rise. Even coal, […]
A webinar is to be held discussing Australia's involvement in the escalating tensions between the U.S. and China which could lead to conflict. read now...
The Robodebt Royal Commission has given us some truly dumbfounding moments worthy of the most absurd daytime soap operas. read now...
Nobody knows how the company is doing right now It appears that Trump is getting shady financing from some rich guy in San Diego who owns an online bank. I’m sure he won’t need anything in return should Trump become president again so this is all perfectly fine. The Trump Organization says it ended a tumultuous 2022 without telling anyone outside the company how business is doing—a claim that, if believed, could be an indication of its looming financial difficulties in the face of a tsunami of legal trouble. In practical terms, however, the claim also keeps New York state investigators from getting a clear picture of whether the real estate firm has continued lying to banks about its property values, even as investigators barrel toward a trial that could kill off the Trump Organization. The disclosure about how the Trumps haven’t made any financial statements to banks or accounting firms was made in a Feb. 3 letter written by a retired judge tasked with babysitting the Trumps’ real estate empire, in a document that was made public in court filings last week.
From an email friend: Those of us of a certain age will remember the attached photo depicting the summary execution of a Viet Cong officer, Nguyen Van Lem, by Saigon’s chief of police. Eddie Adams, the photographer who took the photo (for which he won a Pulitzer), subsequently investigated the story behind it. It seems that Lem had killed an ARVN colonel along with his wife and six children. But it turns out that there was a seventh child, a nine-year old son, who escaped the massacre and lay clinging to his mother’s body for two hours until he was found. This son, named Huan Nguyen, fled to the US after the fall of Saigon, joined the Navy, and was yesterday promoted to the rank of admiral. https://www.corriere.it/esteri/23_marzo_09/foto-saigon-execution-55-anni-fa-bambino-vietnamita-superstite-strage-diventato-ammiraglio-marina-americana-1302baca-be71-11ed-b743-21e74a13bd9b.shtml?intcmp=emailNLcor_americacina_9marzo2023 Wow…
Meanwhile, catcalls from the super-rich over superannuation tax hikes... read now...Confirms that demand and not rate of interest affects firms' investment decisions. However, interest rates do affect the economy through mortgage rate and banks' loan policy, that is, through the housing channel (which is accounted for as investment).
Raising the interest rate increases the interest rate on mortgages, which decreases the demand for housing over time, i.e., there is lag estimated at about two years. A lot of other demand is also connected to demand for housing, making housing demand a potent economic factor albeit a lagging one.
On the other hand, raising the interest rate also increases the payout on government securities and also interest payments on reserves, which adds to government spending. This happens immediately.
Brave New World
Do Interest Rates Really Drive the Economy?
Brave New World
Do Interest Rates Really Drive the Economy?
JW Mason | Associate Professor of Economics at John Jay College, City University of New York and a Fellow at the Roosevelt Institute
Hookay…. Will his homophobic constituents buy this? Probably. They all voted for Trump didn’t they? Shamelessness is their superpower. This is yet another data point among millions, that many these anti-LGBTQ zealots have secret lives that they are hiding. In the larger sense it’s incredibly sad that so many people can’t find the courage to live their lives honestly, even in this more tolerant world. But the fact that they actually use their power to degrade and discriminate against the people who are doing that is unforgiveable.
As Nine newspapers attempt to spread panic about a Chinese invasion, Professor John Quiggin explains why the logistics of such an event happening are unrealistic. read now...Nearly every evolutionary question can find an answer in mucus.
The post The Importance of Slime appeared first on Nautilus.
Labour right-winger’s hypocrisy laid bare – there are always receipts Earlier today, Shadow Home Secretary Yvette Cooper sided with the Tories against football pundit Gary Lineker – and against desperate refugees – condemning Lineker for comparing the Tories’ inflammatory race-hate language about asylum-seeker boats to the fascist rhetoric of the 1930s, saying ‘I just don’t […]
The White House is requesting $886.4 billion in discretionary funding for national security in fiscal 2024, with $842 billion from that pot bound for Department of Defense coffers — a 3.2 percent increase over the FY23 enacted level.
The administration unveiled its budgetary roadmap today just hours before President Joe Biden was scheduled to touchdown in Philadelphia, Pa., to discuss plans to cut the deficit and fund the federal government next year.…
Breaking Defense
also at Breaking Defense
For now This is a very interesting finding in a new USA Today/Ipsos poll about Americans’ view of “woke”, the epithet being hurled by Ron Desantis with virtually every breath he takes: Republican presidential hopefuls are vowing to wage a war on “woke,” but a new USA TODAY/Ipsos Poll finds a majority of Americans are inclined to see the word as a positive attribute, not a negative one. Fifty-six percent of those surveyed say the term means “to be informed, educated on, and aware of social injustices.” That includes not only three-fourths of Democrats but also more than a third of Republicans. Overall, 39% say instead that the word reflects what has become the GOP political definition, “to be overly politically correct and police others’ words.” That’s the view of 56% of Republicans.
~ Today's Water Cooler ~