The recent bout of inflation will immediately reduce the real value of existing debts, but it will also tend to raise expected inflation. This could raise future borrowing costs.
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It is not socialism that explains capitalism, argues Max Weber, it is rather capitalism that explains socialism. And as long as capitalism exists, socialist aspirations will persist: “What characterises our current situation is firstly the fact that the private sector of the economy in conjunction with private bureaucratic organisation and hence with the separation of the worker […]
Like me, Leslie Cannold is deeply grateful for Liz Chaney right now — you know, the way she’s speaking truth to fruitcakery. Liz Cheney is my hero. On positions of policy, I disagree with her almost 100% of the time, … Continue reading
As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as Continue Reading
The post American Diplomacy as a Tragic Drama first appeared on Michael Hudson.In 1973, soon after the US Supreme Court established a right to abortion in Roe v. Wade, Charles E. Rice concluded that “the essential remedy to the abortion problem is a constitutional amendment.” Rice is an important figure in the intellectual history of the antiabortion movement that is now, with the recent overturning of Roe, […]
The post The Irish Lesson appeared first on The New York Review of Books.
The Expected Losses Estimator (ELE) is a spreadsheet-based tool to help community banks calculate allowances for credit losses under the CECL standard.
INET grantee Vamsi Vakulabharanam describes his work to gather parallel social threads—such as class, caste, gender and religion—to better understand the mechanisms of inequality in India, and why this can lead to better outcomes around the world.
A group of women is building a network and encouraging women in STEAM (science, technology, engineering, arts and mathematics) at the St. Louis Fed.
When I was growing up in Chappaqua, a suburb north of New York City, in the 1970s, my parents would take my five sisters and me to visit our Uncle Leo and Aunt Ruth. A bachelor for a good part of his younger life, Leo married Ruth sometime after the war, and they ultimately settled in Co-Op City in the Bronx. I vividly remember the drive there, the big dip on the Bronx River Parkway that made my stomach leap into my mouth, and then the view of Co-Op City from afar, a towering Oz of white buildings that stood out from the surrounding marshes and waterways of the Bronx. I also remember the parquet floors of their apartment, though […]
Unequal access to relief programs may help explain why LMI communities of color were more likely to report pandemic-related disruptions than white LMI communities.
The steps the company should take to change the way it closes accounts. By George Monbiot, published on monbiot.com 25th July 2022 Following my family’s shocking experience in trying to cancel my deceased mother’s Vodafone account, and the discovery that many other people have suffered the same treatment, or worse, I’ve made a list of […]
In 2007 the Australian Labor Party, under Kevin Rudd, inflicted a painful defeat on the COALition. From 60 MPs the ALP had before the federal election, their Lower House representation swelled to 83 (more than enough to pass legislation). And 22 of those new MPs were replacing defeated COALition MPs, whose House contingent was reduced to 65.
To make things worse for the COALition, even John Howard, until then PM, lost his safe seat of Bennelong and “moderate” Malcolm Turnbull, who soon was chosen federal Opposition Leader, was facing an extreme Right insurgency, led by Tony Abbott and Nick Minchin.
In the Senate, things were only slightly less favourable for Rudd, the new Labor PM:
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Wealthy countries claiming to lead on climate change are spending big on military budgets while denying support to developing countries facing devastation from climate-induced events. read now...
Today, Sunday 24 July 2022, the annual Debian Developers
and Contributors Conference came to a close.
Hosting 260 attendees from 38 different countries over a
combined 91 event talks, discussion sessions,
Birds of a Feather (BoF) gatherings, workshops, and activities,
DebConf22 was a large success.
Did you know that Alfred Stieglitz was an advocate of craftsmanship in early 20th-century photography? If you’re hoping to bring out a better sense of craft in your black and white photography, you have a lot more tools at your disposal than he did. You just need to learn how to use them. Read on to find…
The post How to Edit Black and White Photos appeared first on Peak Oil.
When devising a marketing strategy, it is essential for a business to first have a clear picture of who its target audience is and what factors influence their behavior. In the past, consumers may simply have visited the first shop they came across. Today, however, consumers are highly informed; they read reviews, assess prices, and…
The post Marketing Strategies: What Factors Influence Consumer Behavior? appeared first on Peak Oil.
"It is meant to be a reminder to us all that our solidarity and unity as a region is dependent on how we treat each other with respect and understanding."