Owen Thompson

An atheist and left handed...a sinister tool of the devil himself then.

[Owen Thompson @Owen_Thompson11]

@uncanny_eli @FinTaylorcomedy

[Shayan Sardarizadeh @Shayan86]

I find this quite astonishing.

Users on X and journalists correctly point out that President Trump's administration has calculated the tariffs slapped on countries worldwide on the basis of the trade deficit in goods with each country (exports - imports) divided by imports from that country, which most economists seem to think is an odd way to calculate tariffs.

Kush Desai, the White House deputy press secretary, attempts to reject and refute that by posting this tweet, saying "we literally calculated tariff and non tariff barriers".

To prove that X users and journalists are wrong, Kush Desai shares this formula from the US Treasury website. But the Treasury's formula precisely shows that the tariffs are based on the trade deficit in goods divided by imports from each country.

∆τᵢ = (x-m) / (ε x φ x m)

The formula includes "x" for exports and "m" for imports.

But it also has "ε" for "price elasticity of import demand", set at 4 by the Treasury; multiplied by "φ" for "elasticity of import prices", set at 0.25 by the Treasury, which means they basically cancel out each other as 4 x 0.25 = 1.

So, in effect, all you're left with in the formula is exports - imports / imports, which is what X users and journalists had accurately pointed out all along.

x (exports) - m (imports) / ε (4) x φ (1/4) x m (imports)

In case there is another calculation that we're missing, in which case the White House should point us to them, I fail to see how the White House has "calculated tariff and non-tariff barriers" for each country.

Source: https://t.co/X3yD9iAv1M

[Hiroshi Suzuki @AmbJapanUK]

Looking forward to my trip to 🏴󠁧󠁢󠁷󠁬󠁳󠁿
Hwyl, gweld chi’n fuan!

[Owen Thompson @Owen_Thompson11]

@RfcAbergavenny @robwthompson

[Paul Williams @thepaulwilliams]

I'd give quite a lot for Welsh rugby to enter a period of calm.

[María E Sanchez @mariaesanchez]

This is a story about how a reported antisemitism row involving comedian @reginalddhunter unfolded. If you've only read mainstream media you'll have a partial view. The story unravelled on social media and we now have much-needed context. It began with this in The Telegraph

[Henry Zeffman @hzeffman]

EXCLUSIVE

The chief Treasury civil servant wrote to Labour two days ago saying that the £38 billion/£2,000 tax attack “should not be presented as having been produced by the civil service”

He said he had reminded ministers of this

[Owen Thompson @Owen_Thompson11]

@SquidgeRugby @EmilyMaher11084 @BBCScrumV @BBCTwo Although I’m also forgetting LRZ and Patchell in this.

[Owen Thompson @Owen_Thompson11]

@SquidgeRugby @EmilyMaher11084 @BBCScrumV @BBCTwo Genuinely curious what names go in these buckets. My guess would be

World class - Jac Morgan and Faeltau
Experienced tens - Anscombe and Sheedy/Evans?
Front Row - Lake, Carre(?) and Francis

How close am I?

[Owen Thompson @Owen_Thompson11]

Thank fuck for that!

[Times Sport @TimesSport]

🔺 NEW: Sir Clive Woodward will not be part of ITV’s Six Nations coverage this year for the first time in nearly a decade

Read the full story ⬇️
https://t.co/G7K6gIxLo9

[The London Economic @LondonEconomic]

- Hedge fund owner takes out short position on NatWest stock
- Uses his news channel to whip up outrage over the bank's handling of one of its presenters
- Stock falls by £850 million
- Exits the trade.

[Gabriella Paiella @GMPaiella]

You've heard of Girl Dinner. Now, I ask you to consider: HUSBAND MEAL https://t.co/kYfutqtpAc

[Rob Grimes @robGrimes8]

Excited to launch my new website! 💻🚀 Offering top-notch web development services. From sleek designs to powerful functionality, I've got you covered. Let's create an outstanding online presence together! Link below 👇🏼 #WebDevelopment #DigitalServices

[Martin Rees @MartinRees7]

@LloydCymru @guyadams This plaque is over 50 years old.The English name is bracketed not the original name.

[JonnyValleyBoy @JonnyValleyBoy]

For all the Gammons ranting "Nobody in Wales speaks Welsh"

Well there's a reason for that,

It was beaten out of generations of Welsh children,

And we will never forget...

[Marion Langford 🌠💙🇺🇦 @LallyLangford]

This is dynamite from Kaveh Solhekol on Sky Sports News. Absolutely nails it. He has the Tories and BBC on toast. Well done!! 👏 Take 2 mins and watch👇#garylineker #ImWithGary #MOTD #ToryFascists

[Peter Neville @peteneville65]

For those who don't fully understand what is up with the NHS, here is a thread for you that might help.

I'm a consultant physician working as a doctor in the NHS in Yorkshire and Wales for 32 years now. I have experienced the NHS at its best (2008) and its worst (2022).

[YankReport @ReportYank]

The US doesn’t need to declare a national holiday if we beat England. We already have a national holiday for beating England.

[Owen Thompson @Owen_Thompson11]

@ACrispix @FootballRamble Follow @thebarryhorns instead!

[Jamie Phillips @JNPhillips4]

Phil Bennett’s legendary pre-match speech before Wales v England in 1977.