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Sun, 03/09/2023 - 10:00
Since it’s Labor Day weekend, I thought I would give the original artists a day off and share 20 of my favorite cover songs. Kick back and enjoy! The Jimi Hendrix Experience – “All Along the Watchtower” Original artist: Bob Dylan “And the wind began to HOWL!” Jimi’s soaring, immaculately produced rendition (from Electric Ladyland) came out 6 months after the original appeared on Dylan’s 1967 John Wesley Harding LP. Patti Smith – “Because the Night” Original artist: Bruce Springsteen OK, Springsteen gave Smith first crack at it, so it could be argued that his version (recorded later) is technically the “cover”. I do feel Smith’s version is definitive (the Boss wins either way…as long as those royalty checks keep rolling in). Issac Hayes – “By the Time I Get to Phoenix” Original artist: Glen Campbell (written by Jimmy Webb) Hayes deconstructs Glen Campbell’s Jimmy Webb-penned hit and adds a backstory to build it into an impeccably arranged, epic suite that eats up side 2 of Hot Buttered Soul. This is his magnum opus…symphonic, heartbreaking, beautiful.
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Sun, 03/09/2023 - 08:30
You’d think that would give GOP voters pause. But … The WSJ reports: Donald Trump has expanded his dominating lead for the Republican presidential nomination, a new Wall Street Journal poll shows, as GOP primary voters overwhelmingly see his four criminal prosecutions as lacking merit and about half say the indictments fuel their support for him. The new survey finds that what was once a two-man race for the nomination has collapsed into a lopsided contest in which Trump, for now, has no formidable challenger. The former president is the top choice of 59% of GOP primary voters, up 11 percentage points since April, when the Journal tested a slightly different field of potential and declared candidates. Trump’s lead over his top rival, Florida Gov. Ron DeSantis, has nearly doubled since April to 46 percentage points. At 13% support, DeSantis is barely ahead of the rest of the field, none of whom has broken out of single-digit support. I’m actually a little surprised it took this long. There was never a question that this would be the dynamic. I suppose anything can happen but if all goes as usual, Trump will be the nominee.
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Sun, 03/09/2023 - 07:00
CNN reports: The breach of the Coffee County elections office can seem almost out of place in the 97-page Georgia indictment of former President Donald Trump and associates. The sprawling racketeering allegations spread from centers of power with pressure on the vice president to ignore the Constitution, reported calls to secretaries of state to change vote counts, and the creation of slates of fake electors for Congress. They also include the invitation of a tech team to a non-public area of a small-town administration building. But to some people in Coffee County, deep in southern Georgia and far from interstates, the alleged crimes were merely the latest chapter in a local history of failing to secure the rights and votes of residents. And they worry it’s a history that will repeat… Douglas is a majority Black city, and the surrounding Coffee County is about 68% White and 29% Black. Like many places in the South, Black citizens have had to fight for democratic rights in court – repeatedly suing for representative districts for the election of local officials since the 1970s.
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Sun, 03/09/2023 - 05:56
The macro commentator Alfonso Peccatiello, who writes as @MacroAlf on Twitter/X and publishes the Macro Compass newsletter, recently posted an excellent thread on private debt that cited my work: Let me show you one of the most underrated and yet crucial long-term macro variables in the world. Debt. But not government debt: people should stop … Continue reading "The Failure of Neoliberalism: Backing Up Macro Alf, & Showcasing Ravel, in 11 plots and two averages"
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Sun, 03/09/2023 - 04:55
The cracks in Labor ranks over AUKUS won’t be going away despite Albanese staring down dissenters at Labor’s national conference. A pitched battle over the choice of submarine base is guaranteed — and now we discover that Albanese has suffered the mother of all brainsnaps: Australia has agreed to set up a weapons-grade nuclear waste Continue reading »
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Sun, 03/09/2023 - 04:54
Official surveys all show that the Catholic Church in Australia is in serious trouble. Any refusal by the church to be fully inclusive of women and diverse sexualities will almost certainly lead to a much smaller church than has historically been the case in Australia. If the church cannot accommodate greater inclusion and equal human Continue reading »
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Sun, 03/09/2023 - 04:52
The boarding students were far from home and the variable consolations of family life. They were shackled with priestly companions, pledged to lives of celibacy, who also had been removed from their families in their early teens and isolated from society in religious institutions from which they were then turned out, with scant proper preparation, Continue reading »
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Sun, 03/09/2023 - 04:50
The BRICS revealed its geopolitical priorities when it added three Persian Gulf states to its once exclusive roster of members. Iran, Saudi Arabia, and the UAE have been strategically included to put an end to the petrodollar. First published in The Cradle August 28, 2023 The leitmotif of the BRICS Summit meeting in Johannesburg on 22-24 Continue reading »
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Sun, 03/09/2023 - 04:00
That’s pretty much what Truth Social is all about. Just Trump worship. Unfortunately, it doesn’t seem to be enough: The  complex deal to take Donald Trump’s social-media platform Truth Social public faces a crucial test next week that could determine whether it becomes a multibillion-dollar company that the former US president once vowed would stand up to “big tech” or instead languish in financial limbo. Under the terms of the deal, announced in October 2021, Trump’s Trump Media & Technology Group was destined to merge with Digital World Acquisition Corp, a special-purpose acquisition company, or Spac. But shareholders in Digital World are now being asked to give the company another year to complete the deal. If they refuse to do so at a meeting on 8 September, the enterprise may never become the $1.7bn company it once envisioned. The path to tech riches the deal floated for Trump and his supporters has not been smooth. Jay Ritter, a University of Florida finance professor, told the Washington Post this week that the merger has “been pretty much unprecedented in terms of all of the glitches”.
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Sun, 03/09/2023 - 03:37

Our long-awaited book Modern Monetary Theory: Key Insights, Leading Thinkers was published at the beginning of 2023. To celebrate the occasion the GIMMS team is proud to present its book …

The post Video: Launch of the GIMMS book “Modern Monetary Theory; Key Insights, Leading Thinkers” appeared first on The Gower Initiative for Modern Money Studies.

Created
Sun, 03/09/2023 - 03:00
He seems to really loathe teenagers We all know that Ron DeSantis has a real problem with kids. Scolding a little kid for eating ice cream because it has too much sugar was bad enough. Humiliating those high school students who wore masks waseven worse. Now this: Quinn Mitchell has seen at least 35 presidential candidates in person since 2019, when he first started showing up at New Hampshire primary events to ask them questions. Not a single one of them had ever treated the now-15-year-old as if he were a threat—until Ron DeSantis came to town. It all started with a straightforward question. In June, when DeSantis stopped for a town hall event in Hollis, Mitchell raised his hand in the crowd. “Do you believe that Trump violated the peaceful transfer of power,” the teenager asked the governor, “a key principle of American democracy that we must uphold?” DeSantis dodged the question and said Americans shouldn’t get stuck in the past, but not before remarking—in a somewhat impressed, incredulous tone—on Mitchell’s age. “Are you in high school?” the governor asked.
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Sun, 03/09/2023 - 00:30
We’re still waiting for Jan. 6 ‘masterminds’ to get theirs A federal judge on Thursday sentenced Proud Boy leader Joe Biggs to 17 years in prison this week. Someone on “formerly known as Twitter” snarked that by the time he gets out of jail, Biggs will be a proud man. The Lincoln Project is having fun with the fate of the furious. Comeuppance is a guilty pleasure we were denied in the wake of the banking collapse of 2008. Those assholes got $1.6b in bonuses. But these threats are not funny. We covered some of this nascent Rwanda talk on Friday. But threats of violence against election workers are widespread enough to deserve an Election Threats Task Force. At least some people are being charged: More than a dozen people nationally have been charged with threatening election workers by a Justice Department unit trying to stem the tide of violent and graphic threats against people who count and secure the vote. Government employees are being bombarded with threats even in normally quiet periods between elections, secretaries of state and experts warn.