I can’t recall the last time (outside of covid) when *all* provinces were fiscally in the red… used to be that at least the Lower Yangtze provinces and Shanghai could usually maintain a surplus, which could then be used to offset deficits elsewhere.
There's been very little coverage of this anti-xenophobia speech in South African media (perhaps due to May 1 holiday). But it's been a sensation across Africa, widely reported in many countries. It has some of the sharpest criticism of anti-foreigner violence ever heard in SA.
@gk_muc@adam_tooze@KaiserKuo Err what about Bavaria's extensive history regarding the Nazi era? The Dachau concentration camp? BMW (B stands for Bavarian) using slave labour?
Whelp, Apollo argues that the best allocation is 100% private markets:
- low risk (as measured by std deviation, because hello, laundered volatility)
- and high returns (lol, because they are measured as total return, which probably includes unrealized gains on marks)
Difficult to overstate the gravity of the Mandelson affair. A cabinet minister, during a financial crisis, allegedly leaking highly-confidential and market-sensitive information to a mega-rich financier (and convicted paedophile) who had been personally bankrolling him, while also privately suggesting the CEO of a top investment bank 'threaten' his own chancellor in an effort to force a change of policy. Potentially one of the most serious scandals in British political history, surely?
Investors: JPMorgan says Venezuela has largest oil reserves
JPM: That comes from an OPEC report
OPEC: Our members self-report. Ask Venezuela
Venezuela: We get that from PDVSA
PDVSA: Hugo Chavez told us years ago to report that for prestige & now we'd look bad if we lowered it
🚨Keir Starmer's No 10 is cancelling the afternoon lobby briefing, when journalists can ask the PM's spox as many questions they like, for as long as they like.
They'll also sometimes cancel morning lobby, replacing it with press conferences with ministers, meaning many orgs will have opportunity for questions restricted.
The lobby may be an imperfect system, but these briefings give journalists from every outlet, regardless of editorial line, the chance to ask whatever they want.
This move is bad for transparency, bad for accountability, and a bad look for a government that already struggles with its communications.
Are the Editors who side with Trump's "$5Bn" war on BBC journalism going to side with his relaxed attitude to the murder and clinical dismemberment of a Washington Post journalist?
The bond markets are simply the people and institutions who lend government money. We can avoid being “in hock” to them by reducing borrowing. We struggle now because our borrowing and debt are extremely high. Mr Burnham wants to increase borrowing.
IDF says it’s killed Al Jazeera journalist Anas Al-Sharif @pressfreedom and others warned of his death a few weeks ago. Entire AJ crew in Gaza City has been killed with him https://t.co/uypPzOHpra
I worry that the Left has stopped making the argument for a more expansive state funded by most people paying more tax. Instead we're left with the false claim that Other People will always pay.
Putin: “I’ve already said that Russians and Ukrainians are one people. In that sense, all of Ukraine is ours. … We have this old rule, that wherever a Russian steps foot — that’s our territory.”
Whatever this is, it’s not a president preparing his people for compromise.