Where will the next financial crisis start: America or Germany?
Answered just now
We don’t know. And if we did it would already have happened.
This low tax rate creates a number of perverse incentives. ….. Third, it reduces the impact of fiscal policy as tax incentives and allowances have limited value.
Low tax rates are bad because the distortions introduced into asset allocation by stupid government are reduced.
The biggest elite lie fed to the middle class in modern history is that ‘progress’ is linear. In fact, steroidic globalised innovation is dangerously circular. Medievalism is not some 600-year-old blood spatter fading into forgottenness in the history hardbacks that British students increasingly spurn. These days feudalism wears a white lab coat and is using technology to destroy capitalism.
The internet is a backwards plutocracy where human value does not derive from profit-driving labour but from personal data, seized by our tech masters in the shadows without any payment in exchange.
The robotic middle class is trapped in The Matrix, but is there a way to escape?
ASSISTANT COMMENT EDITOR
Or perhaps ingest fewer mushrooms.
We have dreamt of a 5 trillion dollar economy, it sounds difficult. But if we do not aim high, how will the country progress?
Who is trying to have a $5 trillion economy? The US already has one, as does China. No other country does as yet.
So, obviously, start with lots of people. Then what? Well, probably have a free market and capitalist economy. Then wait.
Other than that there’s not all that much to it.
John Bolton doesn’t do free trade. He does regime change in countries such as North Korea, Venezuela and Cuba.
Most people watch X-rated internet content, so it’s pure hypocrisy to judge those who have worked in the industry
Isn’t watching it using judgement?
Most people have broken the law therefore it’s wrong to judge criminals?
Most people have written some prose therefore it’s wrong to judge prose?
Most people have had sex therefore it’s wrong to judge people over who, why, where they have had sex?
And almost nothing has been learned. Our disease prevention rules, whose scope is restricted by the European Union and the World Trade Organization, and whose enforcement is restricted by the British government’s austerity, do little to prevent similar plagues afflicting our remaining trees. Several deadly pathogens are marching across Europe. While it is hard to prevent some of these plagues from spreading across land, there is a simple measure that would stop most of them from spreading across water: a ban on the import of all live plants except those grown from tissue cultures, in sterile conditions.
Natural selection – this must be stopped!
“If no-one else has succeeded, I’m not that special. I can’t convince everyone, so instead of speaking to me and to the school striking children and teenagers, he should be talking to actual scientists and experts in this area,” she said.
On climate sceptics, she added: “There’s always going to be people who don’t understand or accept the united science, and I will just ignore them, as I’m only acting and communicating on the science.”
Well, yes, like every economist ever on the subject……
The two guards assigned to Jeffrey Epstein’s wing of the Manhattan jail fell asleep while they were supposed to be monitoring him, it has been claimed.
Epstein, 66, was found dead in his cell on Saturday morning, seemingly by suicide. The death of one of America’s most high-profile prisoners as he awaited trial on sex trafficking charges has enraged the attorney general, William Barr, and angered his accusers.
On Wednesday it emerged that Epstein was left unsupervised for three hours, in spite of orders to check on him every 30 minutes.
According to reports in The New York Times, surveillance video from inside the jail, reviewed after Epstein’s death, shows guards at the Metropolitan Correctional Center did not make some of the checks they claimed to have made in their logs.
The two guards are alleged to have falsified records to cover up their mistake, several law enforcement and prison officials told the paper.
So let’s consider the facts:
1. Market economies did better than statist economies before the Great Recession.
2. Market economies did better than statist economies during the Great Recession.
3. Market economies did better than statist economies after the Great recession.
However, the travestis’ understanding of themselves is quite different from the model we’re familiar with. As the anthropologist Don Kulick writes in his ethnography, the travesti do not accept the western trans narrative: “What is evident in travesti talk about transsexuals is their firm conviction that one can never change sex … Not only do sex-change operations not produce women, and not only do they rob one of all possibility of experiencing sexual pleasure, travestis believe, but they also invariably result in insanity.”
Kulick quotes one travesti who insists that, if you are born with a penis, then “you are a man and you will die a man.” In the West, statements like these would be enough to get someone banned from Twitter or even investigated by the police, as is becoming increasingly common in the UK.
The most basic logic escapes these people:
Why have the Brexiteers been allowed for so long to portray themselves as heroic defenders of our national interest? By turning their back on the EU they are running away from the issues facing our continent, problems that every nation faces but which no one country can resolve alone. This is not heroism, it’s cowardice.
Europe’s climate problems are our problems and, with the UK emitting just 1% of global greenhouse emissions, only through a collective approach can we hope to have real influence in shaping global policy. Europe’s borders are our borders, at least where the mass movement of people is concerned, which is certainly likely over decades to come. Our security interests are shared, whether to fight terrorism or counter the less than benign influences of Russia and China.
The values of democracy, pluralism and the protection of minorities that are enshrined in the EU treaties risk being undermined from within by the “illiberal democracies” of Hungary and Poland. The UK should be at the heart of their defence.
It is possible to cooperate with people without being a part of the same federal nation.
We cooperate with people about climate change through the various COPs.
We cooperate with people about civil rights through the Council of Europe – the European Court of Human Rights is not an EU one.
We cooperate with people on trade through the WTO.
It’s not necessary to be ruled by Druncker in order to cooperate with people. Why is this so difficult for these people to understand?
Ah, no, apparently not.
Rock singer and guitarist Joan Jett in 1984
No upside surprise in Germany. Real GDP fell by 0.1% q-o-q in Q2, decelerating from a 0.4% rise in Q1.
Willy uses a recession in England to say England must be more like Germany. Will he use a recession in Germany to argue that England must be less like Germany?
The man, who works for Norfolk-based company Konectbus, was said to be unhappy about the bus’s number being multicoloured in a nod to the LGBT rainbow flag.
Passenger Rebecca Sears said she was kept waiting as the driver insisted on swapping vehicles at Norwich Bus Station, two weeks after the city celebrated a Pride event.
The 19-year-old was trying to catch the 501 park and ride service to Thickthorn on August 9 when the alleged incident unfolded.
“He said we have to wait a minute, he said I am not driving this bus because it promotes homosexuality,” she said.
“I was standing with two other women and we thought he was joking.”
She added: “I just hope that he hasn’t said that in front of somebody that is gay. I would hate to think he would say something to them.
“He didn’t know if I was gay or the other two women I was with. He just out right said it.”
Miss Sears immediately complained about the driver’s behaviour to staff at the front desk.
Man, 29, charged with attempted murder after police officer ran over in Birmingham
And why is the laddie being charged with attempted murder if – or because – the police officer was hurrying bipedally?
JD Salinger estate finally agrees to ebook editions
Author’s son explains that wish for accessibility has persuaded trustees to look past his father’s dislike of digital media
Royalties can be significantly higher on e-editions and there’s only another 61 years to exploit that estate…..
Allied Airborne Army in 1945, taking part in tank-buster operations against retreating German forces.
A charismatic, moustached officer who cut a dash and enjoyed racing cars, Sowrey was a skilful flyer and flew more than 60 types of aircraft.
Well, I assume it’s an error…..
The markets are already taking care of this:
Calico Cottage is a family-owned firm in Haddenham, Cambridgeshire, making specialist chocolate and fudge in two factories employing 50 people. Nigel Baker, its managing director, is despairing in his attempts to prepare for a no-deal Brexit: Calico exports 20% of its produce to the EU and uses imported raw materials. Trading on World Trade Organisation rules means a 20% tariff will be slapped on to his exports, a price rise he’ll have to absorb: he sells to Disneyland Paris and says customers won’t pay the extra.
The £ will decline by some 20% – in fact, the £ has already declined by 20%.
Oh, and we can also leave this system:
How EU sugar tariffs work
As the UK is currently part of the EU, we’re subject to EU rules. That will change after Brexit, but we don’t yet know how.
The rules on sugar tariffs depend on several variables, such as the country of origin of the raw material – sugar cane or sugar beet – who produces it, a mill or refinery, and whether it is for direct consumption or additional refining. Getting it correct is important because getting it wrong can be expensive: tariffs vary between €419 and €90 per tonne.
The basic tariff for importing direct consumption sugar into the EU is €419 per tonne. So, every tonne of sugar imported from a non-EU country costs an extra €419. Raw sugar imported into the EU is to be further refined into white sugar attracts a tariff of €339 per tonne.
Except not every non-EU country pays the above tariffs. The EU also has what it calls its preferential tariff structure. The import duty for raw sugar is only €98 per tonne if imported from a ‘CXL’ country, which includes Australia, Brazil, Cuba and India. But only for sugar destined to be refined into white sugar.
Least Developed Countries (LDC) and African, Caribbean and Pacific (ACP) countries trading under Everything but Arms (EBA) have unrestricted, tariff-free imports of raw sugar into the EU.
If things weren’t complicated enough, if a mill outside of the EU is producing raw sugar which it sells as, for example, brown sugar for direct consumption, then it pays the full €419 per tonne tariff.
How much does it cost to retrofit a roof to be able to do it?
It’s a warm afternoon in late spring and before us rows of strawberry plants rustle in the breeze as the scent of fragrant herbs wafts across the air. Nearby, a bee buzzes lazily past. Contrary to appearances, however, we are not in an idyllic corner of the countryside but standing on the top of a six-storey building in the heart of the French capital.
Welcome to the future of farming in Paris – where a whole host of rooftop plantations, such as this one on the edge of the Marais, have been springing up of late. Yet this thriving operation is just a drop in the ocean compared to its new sister site. When that one opens, in the spring of 2020, it will be the largest rooftop farm in the world.
Currently under construction in the south-west of the city, this urban oasis will span approximately 14,000 sq metres (150695 sq feet) – also making it the largest urban farm in Europe. With the plan to grow more than 30 different plant species, the site will produce around 1,000kg of fruit and vegetables every day in high season. Tended by around 20 gardeners, they will also be using entirely organic methods.
The thing being that all that earth weighs something. Add in rain that will fall upon is and stay there – you know, soaked up, not just running off – and we’ve a significant addition to whatever the original design tolerance was.
OK, maybe the building was originally designed with this in mind. Super – so, how much did that extra weight tolerance cost?
The real question here being, well…..does it cost more to create a hectare of urban farm than it costs to go buy a hectare of rural farm? If so, why in buggery is it being done?