The Guardian and numbers

Finally, in 2015, the ECB launched its quantitative easing programme, whereby member states’ central banks bought €2.4bn (£2.1bn) worth of securities, including €2bn of government bonds. Accordingly, the eurozone’s monetary base grew dramatically, from €1.2tn to more than €3tn.

Sigh.

We touched on this a few months back

Several explanations have been offered to account for the anti-Semitism that plagues sections of the Labour Party. More than one of them might be valid. For example, there is within the Labour Party an element characterized by a visceral rejection of all things Western and capitalist. Since Israel is both of these to some extent, they reject what it stands for, and equate pro-Jewish as pro-Israel.

Very much not sure of this

Fat tourists are CRIPPLING the donkeys that carry them around the Greek island of Santorini forcing locals to cross-breed them with mules to make them sturdier

It’s quite rare to cross breed anything with mules, they generally being sterile.

Donkeys on the picturesque Greek island of Santorini are being crippled by carrying heavy holidaymakers – as locals resort to cross-breeding the beasts with mules so they can carry heavier tourists.

It’s possible, obviously, as not all mules are sterile. But my guess is that the donkeys are being crossed with horses to create mules.

But what do I know against the might and knowledge of the Daily Mail?

Given what Conde Nast does publish…..

Gwyneth Paltrow’s partnership with Condé Nast was touted by the publisher’s artistic director Anna Wintour as a “something remarkable, a thoroughly modern take on how we live today”. The plan was for the publisher to make a regular Goop magazine, but it all fell apart when Condé Nast wanted to fact-check Goop articles, according to an interview with Paltrow in the New York Times Magazine.

Paltrow wanted to publish interviews with non-traditional healers and practitioners, as they do on the Goop website. She wasn’t especially concerned about checking whether what they said in their answers was medically correct or even scientifically possible. But Condé Nast insisted on claims being verified – when that became impossible, some health interviews were replaced with quickly pulled together travel pieces. The magazine closed after two issues and the partnership ended.

the junk in those pieces must have been pretty bad.

Just how many numerical errors are there here?

The Torygraph’s subs:

Google owner Alphabet batted off recent clashes with European regulators to post second quarter results which topped expectations, sending its shares surging in after-hours trade.

Excluding the €4.34bn (£3.9bn) fine handed down from the European Commission last week, Alphabet’s earnings per share came in at $11.75 (9p), up from $8.90 a year earlier.

Revenue jumped 26pc to $32.7m, a substantial beat on the $32.17m analysts had been expecting, driven by a 24pc rise in advertising revenue and a 37pc increase in ‘other revenue’, which includes its cloud division.

It’s difficult to know what they got wrong there. Well, obviously, m should be b. But how does $11.75 become 9p? £9.00? There’s some special class of shares worth 100th of a normal one, sorta a reverse ADR?

Or do they just not have subs these days?

As I’ve been saying

Zuckerberg quickly apologized for his comments, but they did not occur in isolation. The previous day, The Wall Street Journal reported that roughly half the outlets present at a recent meeting between Facebook and publishing executives were conservative outlets, some of which regularly traffic in propaganda and “breathless, bad faith partisan hype,” as BuzzFeed’s Ben Smith told Neil Patel of The Daily Caller, which was represented at the meeting. What Smith and HuffPost’s Lydia Polgreen had objected to was that Facebook was treating legitimate news organizations as the liberal equivalents of conservative rags like The Daily Caller.

The war against fake news is really just “ban those bastards over there” isn’t it? I mean, seriously, HuffPo anything other than a liberal rag?

Hmm

Me: Early thirties. MA in Women’s Studies. Essayist at the beginning of her career, a woman who didn’t shy away from writing about sex, trauma, addiction and all of that Hard Life Stuff.

OK.

The personal essay is a place of expression. Exploration. Experimentation. It’s a sacred space, even. I’ve figured out a lot about myself, have had life-changing revelations and intriguing insights all while orchestrating a personal essay. I say “orchestrating” because it’s more than just the actual writing that gets me closer to me, but it’s the editing that brings enlightenment—the choreography and control of relentless revisions that undoubtedly help me to understand more about me, my relationship to language, who I am in the larger world. It’s all about finding the perfect words, their power, discovering the precise way to describe the experiences that have shaped me. Made me. The revision process is when I sit down with myself—sit in myself—to soak in my words and figure out what I’m really trying to say.

How do we think this career as an essayist is going to pan out?

The Guardian and accounting…..

A Bird scooter, for instance, will conservatively gross about $10 a day, according to Bloomberg’s Brad Stone. That’s five short rides, give or take. The scooter needs to be recharged – a job done by gig economy contractors who are paid $5 per recharged scooter – so the net profit per day is $5. With those figures, a $300 scooter with $50 worth of modifications including the GPS tracker and locking mechanisms, then pays for itself in two months.

Err, no. That’s the gross profit.

And it was all going so well

Railing against local govt subsidies to corporations who might move in. A good thing to rail against. Rather let down by this at the end:

This Forbes article by Tim Worstall begs us to question whether or not Google, Apple, and others are not truly the new Robber Barons. Taking the low road on modern corporate skullduggery, Worstall argues that Steve Jobs was no Vanderbilt. But then, Worstall is a Senior Fellow at the Adam Smith Institute, which is a British neo-liberal think tank bonded at the hip to the likes of Tony Blair, and funded by none other than George Soros – the ultimate Robber Baron.

Perhaps this last intelligence has cemented my point for the reader. If not, stay tuned for my next report.

Author: Phil Butler

How perceptive are we to think Phil is now?

And as to the site. Owned, run, or at least proof read, by non-native English speakers. Actually, I detect a touch of the Slavic in those sentence structures.

Tim Montgomerie’s Unherd

I suspect Smith would have scoffed at last week’s attack on Norman from the London-based Adam Smith Institute. ‘With Jesse Norman as a Tory MP why bother having a Labour Party’ was the title of a blog that accused him of being “drippingly wet”.

Well, yes, try attack from 2013.

Smith’s evocative “invisible hand” phrase – coupled with his dictum that we should not expect our dinner from the baker, brewer and butcher because of their benevolence but because of their self-interest – helped people understand how self-serving behaviours can enrich the general population more effectively than centrally-planned and managed systems. But it was possibly too evocative. The temptation is focus on that aspect of his work, much like a preacher who has a few favourite Bible verses and neglects study of the longer Old and New Testament books which can appear too much like hard work or too uncomfortable to embrace. But there’s so much more to Smith than markets good, governments bad, baa, baa, baa.

Well, yes, and if Tim M would like to explain the connection between the invisible hand and the incidence of corporation tax then we’ll accept that he’s read and digested.

This amuses greatly:

At a time when changes in technology, the nature of capitalism, democratic organisation, family structure and journalism are happening simultaneously and interactively, at the top of our societies we have tech giants who turn blind eyes to immoral uses of their products, economists who only count what is statistically counted,

I’m really pretty sure that I keep insisting that we’re not in fact counting the important things. And that we’re not explains a great deal about our modern world. But, you know:

Oh, and f**k think tanks that claim to represent great thinkers but haven’t, seemingly, read the full works of those thinkers. A charge that could not begin to be levelled at Jesse Norman.

But then Jesse’s the sort of limp left Tory that Tim M thinks should be running the world.

Headline Contest

So, Gay Pride Evet, some women get into an argument, fight breaks out. The Mail’s headline:

Huge all-female brawl breaks out at San Francisco Pride parade after one woman asked if Kehlani was still singing and got a rude response

Should be possible to better than that, no?

Rug Munchers Riot In Rage…..?

A point worth repeating

One other note that I think is worth mentioning: Rupert Murdoch gets a lot of cr*p for being the poster child of destructive corporatization of media. In this story, he was the single largest investor in Theranos with $125 million of his money in the company. He was one of the older men who fell totally for Holmes. But when Holmes came to him several times asking him to shut down an out of control reporter at Murdoch-owned WSJ, Murdoch said no, despite the fact that this reporting would eventually make Murdoch’s $125 million investment worthless.

Well, I suppose so, possibly

TUI customers claim the company has left passengers ‘stranded’ as the travel provider appears to have cancelled numerous flights overnight.

Many customers have taken to Twitter overnight to reveal their anger and frustrations, claiming flights were cancelled at the last minute with no recourse in place in airports across the UK including Birmingham, Gatwick and Manchester.

Passengers claim to have been left without accommodation or even water.

Many are taking to the social media platform to demand compensation.

Pictures taken at a Birmingham airport by an irritating customer shows police at the scene, but the Twitter user claims there was no TUI staff.