That story on the confused economist is a stitch. Really the only thing that has changed is that they are no longer comfortable making predictions and being wrong. The problem is still that the economy is, like the weather, a dynamic system and impossible to model. The world bank people are arguing that if countries whose economies are 70% "informal" can be persuaded to be formal, understanding will be better. Of 160 countries only 36 have what they consider developed economies. And what's the advantage of being developed? More tax collection and a better ability to avoid recession.
The press has fallen into the bad habit of buffering reports with background and prognostication instead of gathering information about current events. The public radio station here in Georgia calls it "providing context," which is not very different from the packaging that disguises shrinking content. The latest thing is to praise the audience for listening and expressing appreciation "for your intelligence." Meanwhile, the announcers of station message sound like they are talking to a kinder garten class. The media seem determined to maintain the fiction that there are only two political parties. The news that in a southwest Georgia district one Republican raised over $2 million for the primary and the one that had a tenth of that came out ahead. Of course, if candidates do not spend much on advertising, radio and TV will be out of luck.
“Sarah Matthews, who served as deputy press secretary in the Trump White House until resigning shortly after the January 6, 2021, attack on the US Capitol, has been subpoenaed by the House select committee investigating the insurrection and has agreed to testify at an upcoming hearing,” CNN reports. “Matthews has been subpoenaed to testify at a public hearing as early as next week.” —————————————
California: explosive wildfire more than doubles in size overnight [Click] “Fast-moving Electra fire forces hundreds to evacuate and threatens crucial power infrastructure east of Sacramento.” That’s hundreds of miles from here, so we have no smoke yet; but we might get some.
Sixty years after the execution of Adolf Eichmann, the logistics chief of the Holocaust, an Israeli documentary airs his confessions in his own voice. [Click]
ReplyDeleteRussians Fear Commanders Are Selling Their Own Troops’ Locations for Cash [Click]
‘New Lows’: Kinzinger Posts Audio Of Violent Threats His Interns Have Had To Field For Him [Click]
America’s Most Important Economic Storyteller Is Confused [Click] “An old economy is dying, and a new economy is struggling to be born. Now is the time of monstrously confusing data.”
World War II Bombs Hamper Germany’s Retreat From Russian Gas [Click] ”Ordnance dumped in the Baltic and North Seas is hindering plans to build new gas terminals and offshore wind farms.”
Christian Nationalists Are Excited About What Comes Next [Click]
Hours after a gunman opened fire during an Independence Day parade in a Chicago suburb, Illinois gubernatorial [nominee] Darren Bailey (R) called for people to “move on and… celebrate,” Vice News reports. [Click] “Bailey has been endorsed by former President Donald Trump.”
[Alan]
DeleteI hope that remark causes Bailey to lose by a lot...!
DeleteThat story on the confused economist is a stitch. Really the only thing that has changed is that they are no longer comfortable making predictions and being wrong.
DeleteThe problem is still that the economy is, like the weather, a dynamic system and impossible to model. The world bank people are arguing that if countries whose economies are 70% "informal" can be persuaded to be formal, understanding will be better. Of 160 countries only 36 have what they consider developed economies. And what's the advantage of being developed? More tax collection and a better ability to avoid recession.
Why Dems may keep the Senate (and maybe lose the House)
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ReplyDeleteThe press has fallen into the bad habit of buffering reports with background and prognostication instead of gathering information about current events. The public radio station here in Georgia calls it "providing context," which is not very different from the packaging that disguises shrinking content.
The latest thing is to praise the audience for listening and expressing appreciation "for your intelligence." Meanwhile, the announcers of station message sound like they are talking to a kinder garten class.
The media seem determined to maintain the fiction that there are only two political parties. The news that in a southwest Georgia district one Republican raised over $2 million for the primary and the one that had a tenth of that came out ahead. Of course, if candidates do not spend much on advertising, radio and TV will be out of luck.
MSNBC: Latest on Georgia Special Grand Jury Hearings. [Click] Does not sound good for The Former Guy!
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ReplyDeleteGavin Newsom Fills a Democratic Void [Click]
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“Sarah Matthews, who served as deputy press secretary in the Trump White House until resigning shortly after the January 6, 2021, attack on the US Capitol, has been subpoenaed by the House select committee investigating the insurrection and has agreed to testify at an upcoming hearing,” CNN reports.
“Matthews has been subpoenaed to testify at a public hearing as early as next week.”
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Democrats See Hope In Retaining Senate Control [Click]
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Boris Johnson Rocked by Resignations of Cabinet Officials [Click]
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The Supreme Court Will Rule on Democracy Itself [Click]
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Missouri GOP Senate Primary Tightens [Click]
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How The Fake Electors Scheme Could Give The DOJ A Way Into Trumpworld [Click] Sounds pretty murky to me; maybe typographical error(s)?
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Where Things Stand: State And Local Authorities Try To Figure Out What To Do In Wake Of SCOTUS Gun Ruling [Click]
California: explosive wildfire more than doubles in size overnight [Click] “Fast-moving Electra fire forces hundreds to evacuate and threatens crucial power infrastructure east of Sacramento.” That’s hundreds of miles from here, so we have no smoke yet; but we might get some.
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DeleteNorland College: The world's most expensive nannies [Click] This reminds me of an English butlers school I saw once.
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