davel

joined 2 years ago
[–] davel@lemmy.ml 4 points 9 hours ago (1 children)

Apparently Congress delegated those powers to the executive branch, which means it could take them back, but it won’t, at least not until after the next election. How Congress delegates its tariff powers to the president

[–] davel@lemmy.ml 7 points 10 hours ago

At least you you’re not pretending to be something you ain’t.

[–] davel@lemmy.ml 6 points 11 hours ago (1 children)

A lot of middle-class people in China are unhappy right now. For more than a decade, many Chinese put their money into buying apartments instead of putting their savings in banks that paid virtually no interest. This created a huge housing bubble. Many people rode it up and then rode it down when the government tightened real estate lending in 2020.

So they are hoarding their cash because their real estate profits are gone but the government pension and health care payments are meager. Everyone has to save for a rainy day.

Won’t somebody please think of the bourgeoisie’s profits!

As my colleague Keith Bradsher just reported, the economic slowdown is depriving the Beijing government of the very tax revenues it needs to stimulate the economy and subsidize “the export industries that are driving economic growth but could be hurt by tariffs.”

NYT economists still don’t know how fiat money works. get a load of this

[–] davel@lemmy.ml 4 points 11 hours ago

Radio Free Europe is still limping along? Ah… I see:
Trump Restores Funds for Radio Free Europe and Reinstates Cuba Broadcasters

Maybe someone explained “soft power” to Trump, or maybe the RFE executives kissed his ring.

TrueAnon podcast: Episode 50: Radio Free TrueAnon

We sit down for an epic two-hour episode with the legend Yasha Levine to ramble through American soft power, intelligence technology, Russiagate and more.

 

Natalie Wynn aka Contrapoints aka Natalie Clinton seems very worried about "The Left" always losing and "The Left" criticising her. She can't stop talking about this in her videos which come out three times per decade. Why does she do this, and why do others like her do the same?

[–] davel@lemmy.ml 5 points 13 hours ago* (last edited 13 hours ago) (3 children)

Okay. It seems to be related to my DNS sinkhole.

Oh God… it’s Thomas “Suck. On. This.” Friedman 🤢

[–] davel@lemmy.ml 5 points 14 hours ago* (last edited 14 hours ago) (6 children)

Did archive.today shit the bed?

$ curl -sI http://archive.today/ | grep '^Location:'
Location: https://www.google.com/
$
[–] davel@lemmy.ml 3 points 14 hours ago

(╯°Д°)╯︵ ┻━┻

[–] davel@lemmy.ml 3 points 16 hours ago

“Russian propaganda,” meaning facts and opinions that insufficiently align with NATO narratives. https://lemmy.ml/comment/17516731

 

Glenn Diesen interview.

Micheal Hudson is a renowned economist, addresses why Europe has set itself on a path to economic crisis and collapse
https://michael-hudson.com/

[–] davel@lemmy.ml 7 points 21 hours ago (1 children)

I think the idea is for your mail client to translate your Markdown into HTML before sending. To convince the whole world’s email ecosystem to directly support Markdown would be an impossibly large lift given that HTML is already virtually universally supported.

[–] davel@lemmy.ml 4 points 21 hours ago (1 children)

Tangentially: I generally prefer plain text in email, but I really like this idea. Apparently someone in the Emacs ecosystem thought of this, though that probably doesn’t help you. Enhance Your Emails with Org Mode

[–] davel@lemmy.ml 18 points 22 hours ago

For my own sanity, I choose to believe this is satire.

[–] davel@lemmy.ml 2 points 1 day ago

Because Hexbear is an explicitly political community. They’re here for politics, so of course that’s what they’re going to comment on.

A leftist social platform centered around community building through discussion, shitposting memes, and sharing content.

1
submitted 2 days ago* (last edited 2 days ago) by davel@lemmy.ml to c/usa@lemmy.ml
 

Found through an American Prestige podcast interview, “The Constitutional Order Leading to Trump w/ Aziz Rana” (paywalled). 🏴‍☠️ version: https://files.catbox.moe/cir0in.mp3

To understand what is unfolding, it is necessary to grasp the content of the US constitutional order. This includes a series of ideological and institutional components, in line with what Swedish sociologist Gunnar Myrdal in 1944 famously labelled the ‘American creed’ – the idea that the United States stood for the promise of equal liberty for all. At a time of global rivalry with the Soviet Union over a decolonizing world, national elites explicitly rallied to this creedal constitutional frame. Its constitutive elements encompassed a reading of the Constitution as committed to the steady amelioration of racial inequality grounded in principles of anti-discrimination; an anti-totalitarian account of civil liberty and speech rights; a defence of market capitalism, partially hedged by a constitutionally entrenched regulatory and social welfare state; an embrace of institutional checks and balances, with the federal courts, particularly the Supreme Court, as the ultimate arbiter of the law; and a commitment to US global primacy organized through robust presidential power.

This iteration of American constitutionalism had both a domestic and international face. Domestically, it created a set of shared institutional and cultural practices. Republicans and Democrats understood themselves as jointly stewarding an American hegemonic project against the Soviet Union. Officials could toast their electoral foes across the partisan aisle, because whatever their internal differences, politicians and judges both had drunk deeply from the well of American exceptionalism. Whatever the election outcome, both sides were bound, above all, by a common national narrative. This narrative – deepened by suffering and victory during World War II and tested through ongoing rivalry with the Soviets – assumed the genius of the constitutional founders, the near-ideal quality of American institutions, and the unfolding internal progress of American society.

Internationally, this narrative also allowed the US to project authority on the global stage – propagating the mythology that its constitutional commitments to equal liberty were interests shared by everyone around the world. The result was an American postwar order marked by two interconnected features – a focus on rules-based legality, alongside the continual American defection from those rules, whether in Vietnam or Gaza today. National elites saw US-generated multilateral institutions as an expression of underlying American constitutional values, and therefore critical to uphold. But they also viewed global security as requiring the US to serve as an international backstop. In effect, this created an endless balancing act between promoting the rule of law and disobeying it through military actions and interventions, covert and overt. Resulting violations were justified as necessary to preserve collective stability – no matter that things looked very different for those in the crosshairs, especially in the previously colonized world.

That a distinct twentieth-century US constitutional order emerged in parallel with the Soviet Union is often elided, thanks in part to the peculiar features associated with American institutions and its national narrative. For starters, the US Constitution is notorious for being perhaps the hardest in the world to amend. Constitutional change does not typically occur through formal alterations to the 1787 document, let alone through its wholesale replacement, but through shifts in court-based interpretations of the existing text along with the implementation of landmark pieces of legislation that establish new terms for collective life. Indeed, the present order was consolidated through the passage of key mid-century bills – the Social Security Act, the National Labor Relations Act, the Civil Rights Act, the Voting Rights Act, the Medicare Act – in conjunction with Supreme Court rulings that upheld their constitutionality. Together, Congress and the courts broke substantially from the preceding racial and economic order. Yet, crucially, this meant that there was no rewritten twentieth-century Constitution separate from an earlier one.

At the same time, the shared story about these legal shifts was that they represented the fulfilment of an inherently liberal national essence. In truth, the consolidation of this order had been a contingent product of domestic and global mid-twentieth-century developments, diverging markedly from the long-established structures of explicit white-settler supremacy in the United States. But that reality did not fit with the emerging national narrative – which presented the US as committed, from its founding, to the egalitarian principles of the Declaration of Independence, and thus on an ineluctable path to this new model.

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submitted 3 days ago* (last edited 3 days ago) by davel@lemmy.ml to c/worldnews@lemmy.ml
 

The Yemeni Armed Forces (YAF) successfully targeted an E-2 command and control aircraft belonging to the US aircraft carrier USS Harry S. Truman, a senior Sanaa government source told Al Mayadeen on Sunday.

According to the source, "The Truman lost command capabilities following the attack, while both the White House and the US Department of Defense (Pentagon) have launched an investigation into the incident."

Details on the targeted E-2 aircraft

The targeted E-2 aircraft is designed to provide critical intelligence on potential threats faced by the warship during military operations. While it does not directly participate in attacks, it plays a crucial role in surveillance and tracking.

The aircraft, operated by a five-member crew—including two pilots and three radar specialists—lost its defensive protection, making it more vulnerable to attacks from Yemeni missiles and drones.

YAF target 'Israel's' Ben Gurion Airport

Earlier today, the Yemeni Armed Forces also announced that they had targeted "Israel's" Ben Gurion Airport in the occupied Yafa (Tel Aviv) area, spokesperson Brigadier General Yahya Saree announced.

Saree stated that the military operation was carried out using a Zulfiqar ballistic missile and successfully achieved its objective, adding that the latest strike was in support of the Palestinian people and their Resistance.

The spokesperson pointed out that the YAF reaffirmed the failure of the US aggression in preventing Yemen from continuing its support for the Palestinian people.

He stressed that "dozens of daily airstrikes [on Yemen] will not deter the armed forces from fulfilling their duties," underscoring that Yemeni operations against "Israel" will persist until the aggression on Gaza ceases and the blockade imposed on the Palestinian enclave is lifted.

Sirens sounded across central "Israel" and al-Quds at midday on Sunday following the launch of a missile from Yemen. Debris was also found in Modi’in and Tel Aviv.

According to "Israel's" Channel 12, two people were injured in Gush Dan. One woman exited her vehicle when the sirens went off and fell into a five-meter-deep pit, while another person sustained a head injury in Tel Aviv while heading to a shelter.

Read more: YAF say engaged with US aircraft carrier Truman 3 times within 24 hrs

https://en.wikipedia.org/wiki/Grumman_E-2_Hawkeye

The Northrop Grumman E-2 Hawkeye is an American all-weather, carrier-capable tactical airborne early warning (AEW) aircraft.

 

Steve’s guest is noted economist L. Randall Wray, one of the early developers of modern money theory. As many times as this podcast has talked about MMT, it’s always topical. In fact, just last week, Elon Musk discovered 14 magic money computers in government agencies!

So, Trump had to hire the richest man in the world who hired who knows how many hundreds of young tech kids to discover what we’ve been saying for 30 years, which is that Congress appropriates money, and then the computers keystroke it into people’s accounts.

There’s no mystery about this at all, but they think they’ve discovered not only something that people didn’t know, but something that’s, oh, it’s so scary. It’s nefarious that the government uses computers to increase the size of people’s accounts. Well, that’s spending. That’s the way it’s done.

Clearly, this is a good time to revisit the valuable insights of MMT and look at the implications for building a society that serves its people.

This episode dives deep into the fundamentals, debunking misconceptions about government spending, the role of taxes, and the myth that the US government can run out of money, like a household.

Randy and Steve talk about changes in the economy due to financialization, and the difference between budget constraints and inflation constraints. Randy explains why we need to look at the history of debt in order to understand money. He talks about banking, including transactions between the Federal Reserve and the Treasury.

The conversation breaks down complex concepts into relatable terms, sometimes with a touch of humor.

 

Bullets:

  • Western media outlets, Wall Street, and Silicon Valley are belatedly coming to the same conclusion: years of falling asset prices and cost of living has made China the most competitive economy in the world.

  • Our top government officials, industry leaders, and columnists were predicting a collapse in China, because they completely misunderstood the long-term policy implications of falling costs across a modern economy.

  • China was the only major economy to see long-term deflation in recent years, and the costs of housing, commercial rent, food, electricity, travel, and education were pushed lower because of soaring industrial productivity and efficiency gains.

  • Now China is reaping the benefits of building a ruthlessly cost-competitive economy that dominates in most areas of manufacturing, raw materials sourcing, high technology, logistics, education, and health.

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submitted 1 week ago* (last edited 1 week ago) by davel@lemmy.ml to c/socialism@lemmy.ml
 

“The left and right take the same reality-based view of the world but respond to it in different moral terms. Liberals, on the other hand, live in an alternate universe – of pure make-believe”

 

Warren Mosler, The Founder of Modern Monetary Theory (MMT), comes on 1Dime Radio to talk about MMT, what Elon Musk's DOGE (Department of Government Efficiency) gets wrong, Trump's tariffs, inflation, and an alternative for a better tax system.

https://en.wikipedia.org/wiki/Warren_Mosler

Relevant 1Dime playlist: Understanding Modern Monetary Theory (MMT)

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