Sounds about right

London attracts one-quarter of graduates from UK universities
Centre for Cities report finds 24% of new graduates in 2014 and 2015 were working in capital within six months of finishing

London is some 22% of UK GDP…..

So when your electoral tactic is to call them ignorant hicks and you lose the election….

Your best tactic is to respond to that electoral loss by calling them all ignorant hicks?

The same people who wear shirts that read “fuck your feelings” and rail against “political correctness” seem to believe that there should be no social consequences for their vote. I keep hearing calls for empathy and healing, civility and polite discourse. As if supporting a man who would fill his administration with white nationalists and misogynists is something to simply agree to disagree on.

Absolutely not. You don’t get to vote for a person who brags about sexual assault and expect that the women in your life will just shrug their shoulders. You don’t get to play the victim when people unfriend you on Facebook, as if being disliked for supporting a bigot is somehow worse than the suffering that marginalized people will endure under Trump. And you certainly do not get to enjoy a performance by people of color and those in the LGBT community without remark or protest when you enact policies and stoke hatred that put those very people’s lives in danger.

Being socially ostracized for supporting Trump is not an infringement of your rights, it’s a reasonable response by those of us who are disgusted, anxious, and afraid. I was recently accused by a writer of “vote shaming” – but there’s nothing wrong with being made to feel ashamed for doing something shameful.

Honey, they disagree with you about the world, that’s all.

Whether it’s Pence at a play or your Trump-voting uncle at Thanksgiving, there are people right now who should be made to feel uncomfortable. In a time when there is so much to protest, so much work to do, the booing is necessary – shame on us if we ever stop.

Err, whut?

Motorists should become black cab drivers without having to learn the Knowledge, says Thatcherite Institute of Economic Affairs

When did the Telegraph start using “Thatcherite” as a swear word?

And yes, of course, ban the guilds!

You what?

In that case we’re down to doing things better or making new things. And, right now I see remarkably little sign that there’s a lot of innovation in the world. I’ve said it before, I know, but even a hint that the technological breakthrough that changes the way we work, play and share our world might exist seems remarkably absent from any news I see or hear. Bluntly, business seems incredibly bereft of ideas right now.

We’re in the middle of an absolutely vast industrial revolution. For fuck’s sake, hasn’t he even noted the smartphone? That fastest adopted technology ever in the history of our species?


And what is the Curajus State if it isn’t fascism?

A decade ago when John Christensen and I were pretty rare tax justice campaigners I remember us appraising the challenges to the changes we wanted to promote. We agreed fascism was the most likely to eventually stand in our way. I think it still is.

There is no room for tax justice in a far-right state because there is no appropriate concept of justice in far-right thinking on which to base it. There is only preference, discrimination, favour and subjugation.

And that is, of course, a pretty good description of the Curajus State, isn’t it?

This is interesting

It now means I will be engaged full time at City as Professor of Practice in International Political Economy from 1 December.

It means he’s run out of people who will give him money voluntarily and has to resort to taking ours using the force of the State.

Tee hee

Oh tee hee indeed:

Giovanbattista Venditti scored a crucial second-half try as Italy bounced back from an All Blacks mauling to score an historic first 20-18 win over embattled South Africa.

On the England Fiji game, yes, obviously, Fiji were soundly beaten. However, however, this is not quite true but around and about so. 30 years ago the England Maybes team would have put up that sort of score against Fiji. Today they need to bring out the full team to do so. Fiji is advancing….as obviously, is Italy and as Argentina have done similarly.


Philip Hammond will this week announce a raid on job perks enjoyed by millions of middle earners, including health checks, gym memberships and mobile phone contracts.

The Sunday Telegraph has learnt that the Autumn Statement will tighten rules that allow workers to forgo part of their salary in return for certain work benefits.

The move, described as a “stealth tax” by critics, will mean employees at big firms across Britain will be forced to pay hundreds of pounds to continue to receive perks they get through work.

The salary sacrifice schemes. The company provides you with whatever, gym membership say, you don’t pay income tax on it, they don’t pay NI.

It’s a not very sensible distortion in the system and as such should go. Pay the cash and let people buy what they want out of taxed income.

The biggest danger with these sorts of twee policies is the temptation it gives to idiots to add more things to the list of eligible items. Each addition just adding yet more distortion to the system. Gives those who would manage society a field day in “picking winners.”

That ain’t how the American system works Francois

France president Francois Hollande warned Donald Trump on Saturday that US commitments to reducing climate change and global warming are “irreversible”.

Anxiety over the new administration’s stance on climate change was heightened with his appointment of Myron Ebell as the head of the Environmental Protection Agency’s transition team.

Mr Ebell is a denier of climate change, currently works at the Competitive Enterprise Institute, a free market think tank.

The US doesn’t consider itself bound to anything until it’s been ratified by the Senate.

BTW, at least as far as I know, Ebell’s not a “climate denier.” A lukewarmist at worst…..

Jeez, chill man

A lot of people in politics and the media are scrambling to normalize what just happened to us, saying that it will all be OK and we can work with Trump. No, it won’t, and no, we can’t. The next occupant of the White House will be a pathological liar with a loose grip on reality; he is already surrounding himself with racists, anti-Semites, and conspiracy theorists; his administration will be the most corrupt in America history.

This man has a Nobel Prize.

How did this happen? There were multiple causes, but you just can’t ignore the reality that key institutions and their leaders utterly failed. Every news organization that decided, for the sake of ratings, to ignore policy and barely cover Trump scandals while obsessing over Clinton emails, every reporter who, for whatever reason — often sheer pettiness — played up Wikileaks nonsense and talked about how various Clinton stuff “raised questions” and “cast shadows” is complicit in this disaster. And then there’s the FBI: it’s quite reasonable to argue that James Comey, whether it was careerism, cowardice, or something worse, tipped the scales and may have doomed the world.

No, I’m not giving up hope. Maybe, just maybe, the sheer awfulness of what’s happening will sink in. Maybe the backlash will be big enough to constrain Trump from destroying democracy in the next few months, and/or sweep his gang from power in the next few years. But if that’s going to happen, enough people will have to be true patriots, which means taking a stand.

And anyone who doesn’t — who plays along and plays it safe — is betraying America, and mankind.

Seriously, chill.

Has he given his wife the keys to the blog or something?

Labour to oppose fiscal stimulus through housing repairs for OAPs

In a remarkable turnaround the Labour Party has stated its opposition to a program of national economic fiscal stimulation through a programme of housing repairs for Old Age Pensioners. Despite the jobs that will be created, the multiplier effects of such works, they’re muttering about it being difficult to find the money:

The Queen has been dragged into a funding row as UK opposition parties warned that they could vote against a £369 million refurbishment of Buckingham Palace.

The royal household has insisted that the work is essential to avoid a catastrophic failure, but the bill is more than twice the estimates.

British Prime Minister Theresa May and Philip Hammond, the chancellor, have approved £369 million ($A620m) of taxpayers’ money for the ten-year refit, which must be agreed by a House of Commons vote before April.

Labour and the Scottish National Party have refused to commit to supporting the funds when public sector services are facing cuts and pay freezes.

Jeremy Corbyn, Labour’s leader, an avowed republican, was said to be considering the party’s position as his frontbenchers lined up to criticise the repair works.

“Ultimately it has to be weighed up against what is happening in the economy,” Andrew Gwynne, a shadow cabinet office minister, said. “Clearly on one level we have to upgrade our national heritage. But when people are struggling they will want to know how the government can find the money to refurbish Buckingham Palace. We have austerity for the many but there appears to be money for other things. The government has got to get its priorities in order.”

The nation’s leading economist and tax expert, the Sage of Ely, condemned this opposition in the strongest terms.

“McDonnell and Corbyn have to get a grip on economic reality here. The State employing people, employing people to do anything, does not cost money because all the money is paid back in tax.”

He added:

“And, if I support Brenda here maybe I’ll still get ermine.”

My God! The Horror! The Horror!

A review of the tweets from retired Lt. Gen. Michael Flynn, president-elect Donald Trump’s selection for national security adviser, shows a freewheeling use of social media that included sharp criticism of Democratic candidate Hillary Clinton

Republican selection for NSA criticised Democratic candidate for President.

Ain’t that just totally shitsville, a horrible breach of democratic norms?

Err, no, not really dear

What Donald Trump will have to accept: without journalism, there is no America

America would be different without journalism, sure. And it would be different with a different journalism as well. But America’s existence does not depend upon the existence of journalism, no, really, it doesn’t.

Wondered when we were going to get this:

What’s broken about American media perhaps has less to do with a class system than with what created it: unchecked capitalism in which news is a fast product.

There isn’t some mass political conspiracy in the media. There is, however, historic wealth inequality in America, and the journalism industry reflects it like any other.

Heinz Kiosk is alive and well then,.

And then there’s this:

Trump and the Republicans he is bringing to Washington do not care for a free press, as has been documented for the past year. The president-elect has denied credentials to those who dared to report unflattering facts; called Fox News host Megyn Kelly a bimbo after she described his misogyny; promised to dismantle free-speech laws for the purpose of filing libel suits; and named Stephen Bannon, executive chairman of extremist propagandist Breitbart News, as a senior White House strategist. He has plainly admired the government of Russia, where so many journalists have been murdered in the recent years that they hold a national day of remembrance.

Sigh, it’s gonna be a long 8 years, isn’t it?

How journalists should organize and fight in such an environment is a long and uncertain discussion. What is clear is that, even if they get every story right from now to eternity, they fight a losing battle without the trust and support of the American public.

To regain that trust, a good place to start would be media literacy outreach efforts in public schools, local organizations and other community spaces. Ideally, civics education would be fully restored in the public school system, with a robust unit on media literacy. Every American should be equipped to discern news from propaganda and all the gray areas in between in the digital 21st century;


And then the ritual call for rebuilding local newspapers.

Yup, a long, long, 8 years if this is the sort of shit that’s going to fill the media.

D’ye think Matty might be hyperventilating just a little too much?

Many American administrations have featured acts of venal corruption, and Trump’s will likely feature more than most. The larger risk, however, is that Trump’s lack of grounding in ideological principles or party networks will create a systemically corrupt government. Such governments, Wallis writes, “are rent creating, not rent seeking, governments” that operate by “limiting access to markets and resources in order to create rents that bind the interests of the ruling coalition together.”

This is how Vladimir Putin governs Russia, and how the Mubarak/Sisi regime rules Egypt. To be a successful businessman in a systemically corrupt regime and to be a close supporter of the regime are one and the same thing.

Those who support the regime will receive favorable treatment from regulators, and those who oppose it will not. Because businesses do business with each other, the network becomes self-reinforcing. Regime-friendly banks receive a light regulatory touch while their rivals are crushed. In exchange, they offer friendly lending terms to regime-friendly businesses while choking capital to rivals. Such a system, once in place, is extremely difficult to dislodge precisely because, unlike a fascist or communist regime, it is glued together by no ideology beyond basic human greed, insecurity, and love of family.

All is not lost, but the situation is genuinely quite grave. As attention focuses on transition gossip and congressional machinations, it’s important not to let our eyes off the ball. It is entirely possible that eight years from now we’ll be looking at an entrenched kleptocracy preparing to install a chosen successor whose only real mission is to preserve the web of parasitical oligarchy that has replaced the federal government as we know it. One can, of course, always hope that the worst does not come to pass. But hope is not a plan. And while the impulse to “wait and see” what really happens is understandable, the cold, hard reality is that the most crucial decisions will be the early ones.


Even more pointedly, racist and anti-Semitic harassment of journalists by white nationalist Twitter users operating under the banner of Trumpism has already become a daily fact of life. So has “doxxing” — the publication of addresses and phone numbers — of Trump critics. The anti-Semitic propaganda that was mailed to Vox contributor Lee Drutman also made its way to the homes of several other Jewish Vox writers, including me, as well as to my upstairs neighbor, also Jewish, who is an editor at a different news organization.

The vast majority of these harassers are almost certainly numbskull teenagers, bored office drones, or all-around nutters who would never act on their threats. But it would only take the murder of a single opposition activist or journalist to chill dozens of others.

Ya think?

This is the economic plan which has merits

The proposals are-

Withdrawal of all 56 taxes including central, state and local body government taxes excluding customs or import duty.
Replace existing taxes with Bank Transaction Tax (BTT). That means every transaction routed through a bank will attract a 2% deduction as transaction tax. This tax will be credited at all government levels, central, state and local, at a fixed percentage. Banks will get a tiny percentage too.
Total withdrawal of high denomination currency above Rs 50 from circulation.
Cash transactions will not attract BTT but the upper limit of cash transactions should be Rs 2000. That means people with a low income do not have to pay taxes. Once their income gets increased they have to pay taxes automatically.
Cash transactions above this limit will not enjoy any legal protection.

So, The Sage of Ely disregards a couple of centuries of study on optimal taxation systems then. Even the ones Nobels have been awarded for (really, do not have transactions taxes!).

One advantage I suppose. The excise taxes on tabs and booze fall to 2% which would be something of a boon.

So, we don’t have to take note of this idiot then, do we?

The neoliberal era in the United States ended with a neofascist bang. The political triumph of Donald Trump shattered the establishments in the Democratic and Republican parties – both wedded to the rule of Big Money and to the reign of meretricious politicians.

The Bush and Clinton dynasties were destroyed by the media-saturated lure of the pseudo-populist billionaire with narcissist sensibilities and ugly, fascist proclivities. The monumental election of Trump was a desperate and xenophobic cry of human hearts for a way out from under the devastation of a disintegrating neoliberal order – a nostalgic return to an imaginary past of greatness.

White working- and middle-class fellow citizens – out of anger and anguish – rejected the economic neglect of neoliberal policies and the self-righteous arrogance of elites. Yet these same citizens also supported a candidate who appeared to blame their social misery on minorities, and who alienated Mexican immigrants, Muslims, black people, Jews, gay people, women and China in the process.

Super, three paragraphs of buzzword bingo and not a thing to say.

Guess we can all ignore Cornel West then, eh?

What fun, what fun

Iggy, born James Osterberg Jr, was a native of Muskegon, Michigan, who rejected the twee high-school band he was in to hang out with blues musicians and things continued from there. (His high school career itself is of course entirely irrelevant.) He describes his musical epiphany like this: “I smoked a big joint by the river and realised that I was not black.” But he did realise that he was a magnetically animal stage presence who revelled in sexy shirtlessness. He had moves like Jagger … better than Jagger.

When Search and Destroy crashes out of the screen, it sounds more terrifying than ever, and Iggy has some great commentary on it. James Williamson’s guitar, he says, fills the space like a drug dog, searching everywhere. Amusingly, he attributes his gift for pithy lyrics to a TV kids’ show presenter called Soupy Sales who asked viewers to write in – but to limit their messages to 25 words. Cheekily, Iggy contrasts this with prolix Bob Dylan, a cartoon of whom is shown droning: “Blah, blah, blah …” (Iggy Pop is one of the few people who can get away with this kind of blasphemy.) Unwholesome rock’n’roll excitement.

The fun being that the drummer and bass guitarist on Lust for Life etc were in fact the sons of Soupy Sales.