Every time I file taxes, I get very angry. The government should not be forcing me to subsidize the profit margins of TurboTax and H and R Block. They should just send me a bill like every civilized government does and what the IRS has said they'd like to do if given the right.
NOW - Biden: "For those brave right-wing Americans... if you want to fight against the country, you need an F-15. You need something little more than a gun."
Tensions between the IDF and Netanyahu have become so severe that there are even some whispers of a possible military coup. Veteran and respected military correspondent Ron Ben-Yishai published a bombshell story in Ynet today.
Tensions surround Netanyahu's indecision on what
Underpaid graduate and adjunct labor is how American universities can pay lots of useless admins huge salaries while claiming big "administration costs" on grants those same students bring in. Most of a uni's direct money-making activity is done by them.
Noticed an interesting thing in pro-Russian spaces. As Russian losses become more obvious and dramatic, they are using Kremlin propaganda about a limited war to call for escalation without realizing how much of the escalation they want has been happening since day one.
My craziest political idea is that at some point a Dem government should burn all its political capital on banning MLM schemes. Incredibly worth it in the long run.
Sage old Noam Chomsky patiently explaining to Ukrainians, few of whom I suspect he's actually spoken to about this, that they really have no choice but to surrender and concede to Russia virtually everything it demands "because that's just the way the world works."
Disgraceful.
NEW: Attorney for Hunter Biden, who is facing felony gun charges, tells
@ABC
News'
@GStephanopoulos
that the statute is "likely unconstitutional" and he expects "the case will be dismissed before trial."
In one of the most absurdly cynical co-optations of racial justice politics imaginable, the CIA just unveiled a statue of Harriet Tubman at their HQ in Langley, "honoring" her as an "intelligence pioneer."
The GOP's central mantra is you don't have a right to a good job but you have a right to own a shitty business that only can be profitable because labor in this country is terribly underpriced and the labor market is inherently inefficient.
CNN reporter to Democrat Member of Congress: How does a national wage mandate "affect mom and pop businesses who are just struggling to keep their doors open?"
His answer: "I don't want small businesses" like those.
Apparently "progressive" means putting Americans out of work.
I think the sanctions discourse isnβt focusing on the right thing. That this is a total blockade of critical inputs into the military industrial complex and that import substitution isnβt as easy as in the 30s.
Maker of Russian Ladas shuts down automotive production line due to the inability to procure semiconductors (US Foreign Product Rule in action)
Expect major impact on Russian defense and space production as well
NEW: The Biden admin has support from three Asian partners for severe sanctions and export controls against Russia.
Singapore, Japan, and Taiwan have signed on for restrictive export controls on tech-starved Russia over a further Ukraine invasion.
My favorite class of Russian commentary is wtf why is the American economy always so good and yet they are unserious consumerists who donβt have to bleed to be a global power? It must be a conspiracyβ¦
Harry Truman was an archetype that existed for thousands of years before the nerd did. he was a clerk. a fucking pharmacist. a bitch sitting at a desk and furrowing his brow when the numbers didn't add up. he never had the courage for any kind of political conviction
This is the most California story ever:
To 'help' the housing crisis, they budgeted $300M to pay for first time home buyers' down payments.
In less than two weeks, they've run out of money and only helped 2300 people.
300 Million Dollars, 2300 people helped
It's over for nuclear in Germany. The SDP-Green coalition has won a vote in the Bundestag backing more coal burning so that the three remaining nuclear plants can be switched off as planned this year. Climate targets may have to be abandoned as a result.
You created a fucking hysteria because of your cash management failure that turned a regional bank blowup into a potential larger run. You should rot in hell and maybe jail.
The DNRification of Russia is terrifying on every level. Itβs also a sign Putin is increasingly a figurehead on top of a chaotic structure. Where once before there were clean up operations to keep the parastatal institutions in check they are running the asylum.
Yes, America had Abu Ghraib. I was in Baghdad at the time. I know. But once those pictures came out, they caused a scandal. In Russia, footage of torture is released by the official propaganda machine, with gloating and pride.
Why was a doctor surplus was ever thought to be a bad thing? Why does that profession get to regulate its wages through entry and no one talks about it and blue collar unions get blamed for baumol high costs all the time.
Watch: Israeli ambassador to the UN
@giladerdan1
used a paper shredder to shred the UN charter on the podium of the UN general assembly ahead of a vote that will give new privileges to the Palestinians at the UN
I think this is right but mobilization might play another role. To try to get the economy formally going into a war footing. That means rationing and formally dealing with shortages. However, I don't think modern Russia is anything like the USSR and can even come close to that.
Russia doesn't have a well-trained reserve, and its conscripts only serve for one year. Right when they become competent at their jobs, they are demobilized. Not clear how useful such a force would be, particularly without well-trained NCOs (who are currently in Ukraine).
Yeah, this guy is ready to negotiate. He totally is a "realist" and not an insane boomer who watches the Gaddafi death video over and over while talking to his corrupt banker friend about conspiracy theories and whose NSA tries to read the minds of foreign leaders using psychics.
Putin today: "The Western masters placed an ethnic Jew, a person with Jewish roots, at the head of Ukraine and this is how, in my opinion, they cover up the anti-human essence that is the foundation of the modern Ukrainian state." Putin forced me out of my country and put me on
If not for lend lease the USSR would have run out of high explosives by 42. The lesson here is precursors and supply chains matter not that you need mass mobilization.
Despite fond liberal imaginings, WWII was not won by New Deal or FDR's bomber program. At home USA barely broke sweat. Work of crushing Nazis done by Stalinist SU. If we are "declaring war on climate change", will it be China carrying fight this time?
Firing Fauci would be both good politics and probably a good policy. Cleaning out the CDC for some real hard-core vaccine and production maximalists would be good.
SOURCES: GERMAN FINANCE MINISTRY DISCUSSING ROLLING BACK NUCLEAR PHASEOUT
Trial-balloon report said to be emerging very soon.
Germany's LNG-only plan to augment renewables would be ferociously expensive, and it seems that the Ministry of Finance gets this.
Incredibly weird stuff coming out of the Russian side including an attempt to restart offensive operations around Ukraine, poisonings, ext. The best explanation I have is that Russia is a personalist regime and that its policy is run by entrepreneurs all trying to score points.
Sorry fellow nuclear bros but I think itβs going to be over if/when advanced geothermal breaks out. Some of the potential economics look really good.
Germany will have the largest military budget in the world after the US and China. Its remilitarization β rejected by most Germans time and again since WWII β will make the world less safe.
Broke: Seize oligarch real estate and give them away to a couple of dozen families.
Woke: Seize oligarch real estate and sell it to the highest bidder. Then use the proceeds to found a municipal social housing development corp to give housing to hundreds of families.
Sen. Joe Manchin: "We've eviscerated the IRS. They don't have the guts or basically the firepower they had before. All of this should be explored before we just start raising taxes exponentially."
For example, some are calling for a real attack on Kyiv because they fully buy the story that it was a feint and that substantial forces were committed to it.
Prop 13 is a fucking disaster. Taxes should encourage turn over in inventory. My patents in nyc sold their family sized coop for a reason and thatβs a good thing.
Holy moly. I don't think I can do this. First words out of Peterson's mouth in the Joe Rogan interview are complete self parody. I can't even dunk on it.
Next time we should give the UAW at least 25 percent of the equity as compensation for any wage restraint and make that standard practice for bailouts.
Fourteen years ago, when the big three automakers were struggling to stay afloat, my administration and the American people stepped in to support them. So did the auto workers in the UAW who sacrificed pay and benefits to help get the companies back on their feet. Now that our
There is something satisfying about tankies coming to the realization that the core of Leninist labor politics is controlling internal migration to lock people into their functions and maximize internal unequal exchange.
2022 finished what 1991 started. Iβm not a Russia collapse person but I think one of the questions of this century is what to with a world where Russia is a failed state with no regional influence?
Realistically Russia will *never* be back to where it was militarily in Jan 2022. They had *50* + years of accumulated military equipment they've burned through in barely a year. You don't rebuild that as a struggling economy. Only the Soviets could.
Communists have rarely accepted Keynesianism and have usually thought consumer demand-driven growth was bad. That's why they turn into such great neoliberals.
The more I work in political areas, the more I realize that a big problem with older dems is that they can't really acknowledge that 1) the past thirty years of American policy has been a huge failure 2) if they acknowledge 1, they want credit for fighting rearguard actions.
Inspired by a tweet thread from
@Claudia_Sahm
,
@TomJackSpencer
and I started digging into housing's contribution to inflation. Since 2000, it has been the single largest contributor to overall inflation - representing almost half of CPI's total increase!
New odd lots has a landlord straight saying he makes huge alpha cause a bunch of homeowners in the 1970s made housing into a Ponzi scheme and now only a few mega-developers can build more capacity in high-demand markets and rental is a utility that isn't governed as such.
This is an institution with a grand history beyond even Kuznets. This is where Liberman of the Liberman reforms taught. It was Rumyiantsev's department were during the Stalin years, economic thought flourished and turned eventually to sociology.
Big professional news. After a long delay due to professional and personal issues and some press-related things, my book is coming out with
@Harvard_Press
in spring 24! It's been a journey, but here we are.
How surreal this is is :)) Zelensky singing new years songs on Russian state TV with russian tv hosts, while Solovyov happily dancing. Life can be very weird sometimes
Jay Powell is slaughtering inflation hawks. The Fed is fighting the deflationary bloc!
"I'm much more concerned about people's careers and lives than the possibility of higher inflation"
βMost of the Russian military's electronic components were provided by Germany, but this has stopped due to the sanctions.β
After 2014. Germany is the villain of the post 2008 world.
worth emphasizing here that the UK is poorer per capita than Alabama, a fact which I find shocks both Americans and the British.
(I think a big part of that is related to the cultural dominance of a well-off city, London)
@RitaKonaev
Rare time I disagree. Not only has war cracked modern Russia before but contemporary Russia is a very different society than what you compare it with in resilience stories.
So it is time to add my voice to the chorus of folks who are saying that the recent inflation is the result of long-term underinvestment in the American and global economy.
βThe American economy is facing inflationary pressures not because of too much government spending but because, for almost two decades, there has not been enough.β
β
@BuddyYakov
in
@NoemaMag
"Rising wages amid significant labor shortages are benefiting larger businesses and 'stealing' workers from smaller companies, as larger employers simply have more resources they can allocate to attracting workers:" Bloomberg Intelligence
There are going to be a lot of medium-sized local rentiers getting washed by a competitive market for labor and their response will be so fucking scary.
@jbouie
@rtraister
I think Clyburn, Pelosi, Feinstein et al believe, *truly believe*, that over time things get better, that the slow-boring of hard boards yields progress and that this too shall pass. Most politically mobilized people on the center-left think things are much much more dire.
FULL STATEMENT from Germanyβs Economic Minister Robert Habeck on the countryβs gas crisis. Absolutely must read.
βIn order to reduce gas consumption, less gas is to be used to produce electricity. Instead, coal-fired power plants will have to be used moreβ
Scoop: Manchin's private $1.8 trillion offer to Biden included pre-k for 10 years, ACA expansion, & close to WH climate spending #, per sources
But it EXCLUDED the Child Tax Credit - cornerstone of WH child antipoverty effort, per sources
W/
@tylerpager
President Trump will sign an executive order defining Judaism as a nationality, not just a religion, thus bolstering the Education Department's efforts to stamp out "Boycott Israel" movements on college campuses
Feels like we are all talking past each other. It's not that price gouging is the sole cause of inflation or even the primary one. But what we are really talking about is who carries the cost of adjustment. And as of now, it tends to be the wage rather than the profit share.
Dem pollster: Messaging on price-gouging "testing off the charts"
Economists at CEA are wary of claim on the merits, believing 40yrs of consolidation can't explain sudden price hikes
Others - including inside the WH - think Biden can be more aggressive
I think a lot of people didn't get Trump's foreign policy message. He wasn't saying that the WOT was a mistake. What he was saying is the liberals made you do shitty nation-building cause they liked Muslims and tried to convert them whereas we should have just been killing them.
Stoltenberg is saying that war is politics by other means. Of course, this war ends at a negotiating table. That's true of all wars. The issue is who sets the terms. And that's determined by the battlefield. This means that Ukraine needs to win there to win at the table.
Jens Stoltenberg saying here that the only solution to war in Ukraine will be at βthe negotiating tableβ. For sections of the British press, and both major parties, this is apparently a βPutin talking pointβ. Stoltenberg is the Secretary General of NATO.
Lose your white collar job
Boomers: I'll just get the same one in another company.
Gen X: I'll just reinvent myself in a new career.
Millennials: Well back to bar tending.
As we watch the run on crypto, remember that these glorified scammers poured millions into blocking effective regulation and smearing good, smart people who would have been tough regulators.
If the US doesn't pass the reconciliation bill and China plays out like it looks like it might, well welcome to the great recession on steroids. No fiscal impulse to be found anywhere.
The fact that the left hasn't embraced the CARES Act as the most important transfer of income in my life time is really disturbing and doesn't bode well for the next four years.