Anthony

Lefty, Celtic, insomnia and procrastination

Half 🇮🇹 Half 🏴󠁧󠁢󠁳󠁣󠁴󠁿 All 🍀

♥️ Carlotta @OtakuRin626

#monthehoops

[Richard Murphy @RichardJMurphy]

The Bank of England has raised interest rates to 4%, supposedly to tackle inflation.

There is just one problem with this decision. The Bank knows that much of the inflation we are suffering is being driven by rising oil and energy prices, largely resulting from conflict in the Middle East.

It also knows that raising interest rates cannot reduce those prices.

So why is it doing this?

The answer is that the Bank believes it must suppress demand elsewhere in the economy to compensate for rising energy costs.

In other words, it is deliberately making mortgages more expensive, increasing business borrowing costs, discouraging investment and reducing household spending power.

And all this when people are already struggling with higher energy bills. That is problem number one.

There is, however, another problem. Higher interest rates increase costs for businesses, which can then feed through into higher prices. They can, in that case, add to inflation rather than reduce it.

The Bank is imposing economic pain to address a problem its chosen policy cannot directly solve.

That is not sound economic management. It is the consequence of an economic dogma that refuses to recognise the difference between inflation caused by excessive demand and inflation caused by supply shocks.

When will we learn?

[Marl Karx @BareLeft]

My entire adult life has been defined by the fallout of the financial crash and the nearly 20 years of austerity that followed, and you're telling me THOSE were the salad days???

[Ian Birrell @ianbirrell]

Reading through the OBR report, found this fascinating nugget given the current hysteria over benefits and disability support: welfare spending is actually 1.2% lower as a share of GDP than it was in 2012/13.

[Anthony @Antc26]

We had non painful years?

[BBC Politics @BBCPolitics]

"Painful" years ahead, think tanks warn, as living standards set to fall

https://t.co/MwP9JyJKIA

[máfan @Hanzhong16]

La muerte de San Siro y del viejo Bernabéu simboliza a la perfección el final de nuestro fútbol. El de toda la vida. El que tenía identidad propia antes de esta americanización asquerosa, la comercialización absoluta y la sustitución del aficionado local por el turista premium.

[Kav (Erin) @KavIsSwag]

People like this are why things only get worse

[John Burn-Murdoch @jburnmurdoch]

New from me:

Young people in Britain are some of the most well-educated in the rich world, but economic stagnation means that breeds not growth but frustration.

In fact, US workers who are functionally illiterate now earn roughly the same per hour as the average British worker.

[Anthony @Antc26]

The only thing that changes is the face that sells the bullshit, nothing else

[Alex Wickham @alexwickham]

NEW: Andy Burnham says he’ll make it harder to claim benefits, vowing to “get really serious” about cutting the welfare bill and setting up a clash with Labour MPs

“It's about changing the nature of the support and making some of the support conditional upon people taking opportunities that are presented in front of them,” he tells @BBCLauraK

“Let me just say something more though about what you're driving at, which is the welfare bill. I think we've got to get really serious as a country at getting the welfare bill down”

There are no details yet on how he intends to do it but it will be a major challenge

Keir Starmer’s efforts to reduce the welfare bill by just £5 billion sparked a huge rebellion from Labour MPs - organised by Burnham supporters including Louise Haigh - from which he never recovered

[Anthony @Antc26]

You think the SFA are bad at their job then you see the FIGC

[Fabrizio Romano @FabrizioRomano]

🚨🇮🇹 Paolo Maldini and Leonardo RESIGN from their roles as Italy Federation technical director and advisor.

Decision to leave the project just 10 days after joining due to president Malagò being against appointing Andrea Pirlo as new head coach for Italian national team.

The president didn’t approve Pirlo due to his connections with Russian brands; Maldini and Leonardo only wanted Pirlo and leave their roles immediately.

[Curtis Daly @CarolDuckworth_]

Welfare is lower than it was 15 years ago. Attacking benefits is an infinite political glitch.

You will always have politicians take the easy route and attack the poorest in society.

[Anthony @Antc26]

@EvanMcFarlane Fucking Murdoch

[Anthony @Antc26]

You can't replace maeda, even if the fucking board decided to splash the cash for once, he's a totally unique player.

[Everything Celtic @aboutceltic]

🇯🇵 / 𝘿𝙖𝙞𝙯𝙚𝙣 𝙈𝙖𝙚𝙙𝙖 𝙫𝙞𝙖 𝙄𝙣𝙨𝙩𝙖𝙜𝙧𝙖𝙢

“The last four and a half years at Celtic have been the most special chapter of my career and my life.”

“It has been an incredible honour to wear this badge, to play for this amazing club, and to share so many unforgettable moments with my teammates, the staff, and the best supporters in the world.”

“Thank you for standing by me through every high and low.”

“Your incredible support gave me strength every single day, and I will always be grateful.”

“I would also like to take this opportunity to thank everyone in Glasgow who welcomed and supported my wife and children.”

“Because of your kindness and generosity, my family was able to enjoy an unforgettable time here. Glasgow will always hold a very special place in our hearts and will forever be our second home.”

“My son loves Celtic so much that he already says he wants to wear the Celtic shirt and play at Celtic Park one day.”

“I truly hope that dream comes true, and I hope our family will be back here again someday.”

“Thank you to everyone connected with Celtic for everything.”

[Evan @EvanMcFarlane]

You’d have to wonder why six straight PMs haven’t felt in any way compelled to offload the financial burden that is Scotland. A curious one.

[Michael Caley @MC_of_A]

one of Benfica's top young talents refusing to sign a new contract so that he can go to Bournemouth is a great crystallizing moment for how much the economics of football have changed in the last decade

[Samplo Corvodina of Streatham @TreborRhurbarb]

The ultimate once-in-a-lifetime football freebie, what a fitting end to his time in power 😅

[Tom Hatfield @WordMercenary]

They're cutting disability to give already rich guys £200,000 a year to sell us magic beans.

[PictureThis Scotland @74frankfurt]

'We used to laugh at Iceland and Norway - now these people have passed us by in terms of bringing on young players.' - Tommy Burns, 1997

[Anthony @Antc26]

@EvanMcFarlane Their side of the draw is a joke, again they should be making the semi at a minimum with the talent they have

[Carl Anka is on leave @Ankaman616]

Oh mate....