|
V. Illych L. posted:it's funny how this argument is only ever used when it concerns rich people Nocturtle posted:Thanks for the replies. I find it increasingly weird that we tolerate the existence of billionaires in our society. 99.99% of people should be on-board with taxing them out of existence, it shouldn't be a fringe opinion. This actually is a real concern for tax collecting institutions. The IRS created a special team to audit billionaires back at the beginning of the Obama administration. But the targeted billionaires were able to stall things out in court long enough for a republican congress to come into power. A few weeks later, the special audit team found their funding kneecapped. So if you are a billionaire, you can fight the taxman and win. Only death is inevitable for the ultra-wealthy.
|
# ¿ Aug 29, 2019 15:13 |
|
|
# ¿ May 14, 2024 01:23 |
|
Brown Moses posted:Lots happening with Syria and Turkey this morning, feels like something worse is on the way Well, this is going to be interesting.
|
# ¿ Feb 28, 2020 22:57 |
|
Kawabata posted:Yeah, it's not a full lockdown (yet) but we're getting close. It's pretty surreal to see my country like this. I'm sorry to be the bearer of bad news, but in Bergamo that already happened yesterday. In some parts of Italy, they're already giving up on severe CoVID-19 patients who are too old. I'd advise you to avoid needing the hospital as much as possible in the future.
|
# ¿ Mar 11, 2020 01:45 |
|
Thierry Breton is the EU Internal Market Commissioner https://twitter.com/ThierryBreton/status/1240353171748331523 https://twitter.com/BBCTech/status/1240701466320310272
|
# ¿ Mar 19, 2020 20:40 |
|
https://www.politico.eu/article/spanish-government-under-fire-after-defective-testing-kits-fiasco/ Remember those lovely tests that the Spanish bought from China. Turns out they had gotten them from a no-name drop-shipper rather than a respectable manufacturer. Even in this time of crises, do not trust random crap off alibaba. quote:But excitement turned into despair when it emerged that 58,000 of the kits, which had already arrived in the country, were unreliable, offering only a 30 percent detection rate. The government pulled the entire batch, leading to a host of questions about the process the government followed when it purchased them.
|
# ¿ Mar 30, 2020 15:21 |
|
Italy has had a positive cyclically adjusted primary balance 2008-2019 (revenue - spending excluding interest payments) for every single year since 1992 according to the IMF! https://www.imf.org/external/datamapper/GGCBP_G01_PGDP_PT@FM/ADVEC/FM_EMG/FM_LIDC/ITA
|
# ¿ Apr 2, 2020 18:26 |
|
GABA ghoul posted:It's forced into that austerity by its huge debt/interest payments though, right? Would it behave the same way if it actually had the option of spending again? The Euro stability pact is a huge joke and nobody takes it seriously so you can't really rely on it. Pretty much. Italy dug a hole for itself during the mid 80s. Most millennials weren't even alive when this debt was made. Thanks to the joy of debts financed in foreign currencies, this means they haven't managed to dig themselves out of that hole, even though they've spent less than they've collected for every year since '92. Of course, everyone knew that before the Euro was established, but no one cared at the time.
|
# ¿ Apr 4, 2020 00:39 |
|
At least the EU Parliament understands that this poo poo is not nearly enough to deal with the crisis. Now if only the European Council would follow suit. https://www.euractiv.com/section/economy-jobs/news/eu-parliaments-big-four-back-recovery-bonds-to-tackle-covid-19-crisis/
|
# ¿ Apr 15, 2020 17:32 |
|
Squalid posted:the US Congress is yeeting $2 trillion at the American economy in addition to whatever the Fed is doing. In that context it seems extra surprising to me that the dollar has gained in value against the Pound and Euro since the crisis began, not that I ever actually understand high end macro poo poo. That's because the demand for currency matters just as much as the supply of currency. The Fed's crazy extreme measures have convinced money that they will save financial markets in a way that no other western central bank would. So all that money is flowing into dollars even faster than the Fed is printing them out. There's also other weird financial things going on in the background. But all those other arcane financial actions also need more dollars, so money is flowing into dollars again from other currencies.
|
# ¿ Apr 15, 2020 19:51 |
|
https://www.faz.net/aktuell/wirtsch...a-16775908.htmlquote:Germany and France are jointly proposing a European programme worth 500 billion euros for economic recovery after the Corona crisis. The EU is to use funds from its budget to support the sectors and regions most affected, according to a paper published by the German and French governments on Monday. To this end the EU Commission should be allowed to borrow on the financial markets in the name of the EU. Something vaguely resembling progress.
|
# ¿ May 18, 2020 23:03 |
|
https://twitter.com/ryanlcooper/status/1362845431210860548 https://twitter.com/MiddleEastEye/status/1360658954095894530 Welp.
|
# ¿ Feb 20, 2021 03:30 |
|
Blut posted:Melenchon had lots of policies that turn off various large sections of the youth vote. As much as we hate to admit it, there are a lot of young Europeans who want leftist policies but with 500% more racism and xenophobia. And leftist policies but with 500% more racism and xenophobia is exactly how many European right wing parties have managed to steal voters from the left wing counterparts in the past decade.
|
# ¿ Apr 25, 2022 14:45 |
|
I don't think it's a difference in people but a difference in leadership. Like there were fears that Trump might have been able to combine leftist economic policies with maximum racism during the early days of his administration, but it quickly became apparent that US chud leaders are completely incapable of doing anything other than try to "own the libs". The European chud leaders are much more able to pretend to offer policy and governance in between the racism and the corruption, but that makes them more dangerous. The European fash leadership can keep the mask on some of the time, and their American counterparts can't.
|
# ¿ Apr 25, 2022 16:53 |
|
Blut posted:
https://www.nytimes.com/live/2022/07/26/world/ukraine-russia-war?smid=tw-nytimes&smtyp=cur#eu-russia-ukraine-gas-deal quote:Because several E.U. countries — including Poland, Greece and Spain — with more modest consumption and adequate stocks saw a uniform reduction of use as unfair, the plan also spells out other grounds for more modest consumption reductions. For example, countries that have overshot their storage-filling target can compensate by cutting their use less. So they did eventually sign but only after a clause specifically lowering the requirements for countries that have NOT lived beyond their means energy-wise. Everyone signed after all the extra terms were added, except for the Hungarians. Speaking of which, why is the Putin-loving, near fash Hungarian government still in the EU?
|
# ¿ Jul 26, 2022 16:33 |
|
https://twitter.com/TheStalwart/status/1559174350858764289 Maybe Europe can avoid the worst blackouts by driving global LNG prices into the stratosphere. Pity the poor developing countries that were relying on LNG imports though.
|
# ¿ Aug 16, 2022 19:15 |
|
It has never made sense to ship LNG halfway across the world in an Australia to Europe route. Until now. https://twitter.com/SStapczynski/status/1559552373944889346
|
# ¿ Aug 18, 2022 06:03 |
|
https://twitter.com/MattZeitlin/status/1560657874895794183
|
# ¿ Aug 20, 2022 00:44 |
|
https://www.bloomberg.com/news/articles/2022-08-21/germany-to-prioritize-coal-trains-over-passenger-services-weltquote:Germany plans to give coal trains priority over passenger services on its rail network as it struggles with an energy crunch that’s threatening the economy, the Welt am Sonntag newspaper reported, citing a draft proposal. https://www.wsj.com/amp/articles/europes-natural-gas-crunch-sparks-global-battle-for-tankers-11661150781 quote:Europe’s energy crisis has unleashed a global battle over natural-gas tankers, leading to a shortage of ships and further boosting the fuel’s record prices.
|
# ¿ Aug 22, 2022 17:52 |
|
Don't forget it wasn't just the Germans who did dumb poo poo leading to the current power crisis. https://twitter.com/energybants/status/1562589041677152256 https://twitter.com/energybants/status/1562600350288293889 https://twitter.com/staunovo/status/1562729166910287877 Let's just stop maintaining all our nuclear power plants until an emergency occurs. Surely nothing bad will happen and we want to reduce nuclear power usage by half anyway. That's the French way. https://twitter.com/Jkylebass/status/1562799846758555649
|
# ¿ Aug 25, 2022 18:46 |
|
https://twitter.com/vonderburchard/status/1587090344436531204
|
# ¿ Oct 31, 2022 21:50 |
|
Celexi posted:America is not an example for anyone, but that doesn't happen with those same immigrants here, mainly because the ones that make it here from those come through refugee/asylum programs that let them work and not be an outcast, in Europe those same even with legal status would have harder chances to being hired and difficulties accessing any social services as well a lot of racism/xenophobia/etc. Also the jus soli citizenship present in almost every country in both Americas is a big advantage for immigrant integration. Making sure every second generation immigrant is a citizen really helps ensure the third generation is fully integrated into society. Whereas in some EU countries, >10% of second generation immigrants still don't have citizenship. https://www.ft.com/content/62b70a23-ed5b-4cb2-b760-76aa9cc31180 quote:EU finance ministers have bowed to German pressure for tough debt-reduction rules, as part of a deal to phase in a sweeping overhaul of the union’s budget framework. Germans win again. You will never escape austerity.
|
# ¿ Dec 20, 2023 19:48 |
|
Private Speech posted:Czech Republic is/has been in a very similar position except we didn't enter the euro, I think it's more the fault of neoliberalism and general economic trends of western manufacturing (and the destruction thereof) than anything. Also we devalued our currency and all it did was depress wages for over a decade. For US, Czech, and German manufacturing jobs, the actual low point was 2010. There are more manufacturing jobs in those countries now than there was in 2010. But for most other european countries, manufacturing jobs have been in an endless and seemingly unstoppable decline. https://fred.stlouisfed.org/series/LFEAMNTTUSA647S https://fred.stlouisfed.org/series/LFEAMNTTCZQ647S https://fred.stlouisfed.org/series/LFEAMNTTDEQ647S https://fred.stlouisfed.org/series/LFEAMNTTFIA647S https://fred.stlouisfed.org/series/LFEAMNTTFRA647S https://fred.stlouisfed.org/series/LFEAMNTTGBQ647S
|
# ¿ Jan 4, 2024 21:40 |
|
Owling Howl posted:The Euro reduces the cost of debt which is good and it eliminates currency exchange costs which is also good. No, you can't take on a lot of debt. This is obvious and it is obvious that regional politicians would do it anyway if not legally prevented from doing it. To balance that EU wealth transfers ought to be much higher. You don't actually need debt limit laws to prevent that, you just need a more coherent system. After all, not every US state has a debt limit law in either state law or the state constitution. And there are plenty of cities and other smaller units that don't have debt limit laws. The key is that investors did not delude themselves into thinking that county and city debt are the same as state/region/province debt, and assume the state/region/province will always pay out the county/city's obligations in full. Likewise, investors understand that while the federal government won't let any state/region/province implode, that doesn't mean they will cover all of their bad debt. For states it is a very rare occurrence, but it has happened in the past, in the 1933 Arkansas default. For cities and counties, it happens just often enough that capitalists right reports on how often US municipalities default on their debt, like this one from Fidelity (https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fixed-income/moodys-investors-service-data-report-us-municipal-bond.pdf). But during the 90s and 00s, everyone deluded themselves into thinking any national debt in the EU is exactly the same as EU debt. That's was always a delusion.
|
# ¿ Jan 8, 2024 23:20 |
|
https://www.euractiv.com/section/justice-home-affairs/news/eu-parliament-wants-commission-in-court-hungary-stripped-of-voting-rights/quote:Most political groups in the European Parliament want a probe into the European Commission’s decision to unfreeze EU funds for Hungary, followed by a lawsuit in the EU’s top court and a possible motion of censure, while also urging the Council to strip Hungary’s voting rights over its rule of law deficiencies.
|
# ¿ Jan 17, 2024 00:13 |
|
If Germany fails to contain their far right, those folk are working on Dexit. https://www.theguardian.com/world/2024/jan/22/germany-far-right-afd-leader-alice-weidel-eu-exit-campaign
|
# ¿ Jan 22, 2024 21:17 |
|
https://twitter.com/ft/status/1751855979665268770 https://twitter.com/FT/status/1751937666726154278 Is Orban finally going find out that his miserable, lovely actions have consequences, or is the EU going to back down yet again again?
|
# ¿ Jan 29, 2024 18:22 |
|
https://www.ft.com/content/02e6cca7-6cdd-44e3-9d1e-71ea9883f4b2quote:The French government has pledged to cut another €10bn out of this year’s budget as weaker economic growth makes its earlier fiscal plans untenable.
|
# ¿ Feb 20, 2024 17:05 |
|
suck my woke dick posted:eh he's not that bad This. You must remember that France and Germany spend roughly the same amount on their military. But France manages to buy multiple functioning armored brigades, their own set of purely French stupid neocolonialist
|
# ¿ Mar 22, 2024 07:41 |
|
|
# ¿ May 14, 2024 01:23 |
|
https://twitter.com/NavyLookout/status/1775154472605368812 https://www.reuters.com/world/europe/denmark-axes-its-defence-chief-failure-report-weapons-system-malfunction-2024-04-03/ quote:COPENHAGEN, April 3 (Reuters) - Denmark on Wednesday fired its chief of defence Flemming Lenfter, after he had failed to report about malfunctioning weapon systems during an attack last month on a Danish frigate deployed to the Red Sea. Local defence media Olfi on Tuesday cited a confidential report by the captain as saying the frigate's radar and missile systems had failed during a drone attack by Houthi militants on March 9, putting the crew of 175 at risk. Wondering more and more if anyone outside the US has working anti-missile and anti-drone systems on their boats instead of fancy cardboard. EDIT: Google translate from the more detailed article quote:30 year old shells golden bubble fucked around with this message at 20:36 on Apr 3, 2024 |
# ¿ Apr 3, 2024 20:29 |