Shobibur R.

I eat words. Verbivore.

[Shobibur R. @ffreakycat]

先苦后甜

[Jensen Huang @JensenHuang]

For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.

AI will transform every industry, power every company, and be built by every country.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.

The world needs both frontier closed models and frontier open models.

https://t.co/AUKzoQ5Ikb

[M. Chatib Basri @ChatibBasri]

A sharp observation, and you’re right about the arithmetic. Bcs the thresholds are defined as multiples of the poverty line, we r effectively deflating by the poverty basket. The poverty line increased from Rp425,250 in March 2019 to Rp582,932 in March 2024 around 37%, compared with cumulative CPI inflation of roughly 16%. So even in CPI real terms, the lower middle class threshold increased by almost 20%. Since food accounts for around 74% of the poverty basket, with rice as the largest component, part of the story is clearly about relative food prices.

BUT INFLATION FOR WHOM? Households near the lower-middle threshold spend a much larger share of their budget on food than the representative household underlying the CPI weights. For them, the poverty line deflator is likely the more appropriate measure of the cost of living. Saying that “real expenditure rose at every percentile” also reflects a choice of deflator. It answers a different question, not necessarily the one most relevant for households near the poverty line.

More importantly, the conclusion does not hinge on the choice of deflator alone. As of 2024, median middleclass expenditure (around Rp2.85 million per month) sits much closer to the lower threshold than to the middle of the band. Bank Indonesia’s consumer survey also shows households allocating a rising share of income to consumption and a declining share to saving over 2022–2024 (makan tabungan). Employment has also become more informal. So the picture is a combination of relative price effects and weak income growth. That’s why we describe our finding as a conditional association rather than a causal claim. Whether one concludes that the middle class has “shrunk” depends partly on the metric. But whichever metric one prefers, the picture is one of a middle class under increasing economic pressure.

[Shobibur R. @ffreakycat]

Rediscovering the cheapest fuel there is: emotions.

[unmag @unmagnetism]

“ga lagi lagi mandiin bayi random”

[State of Palestine @Palestine_UN]

🇵🇸 ❤️💛🇪🇸

[FIFA World Cup @FIFAWorldCup]

Spain are #FIFAWorldCup Champions. 🏆

[Shobibur R. @ffreakycat]

SPAINNNNNN

[Samir Bannout da Silva Jr 🇦🇲 @iiskenderian]

"Torcer pra Argentina ou virar um cantor japonês?"
Eu:

[RedditCFB @RedditCFB]

Guaranteed rematches all around.

[Yann @Psychotic_rit]

Inshallah gozaimasu

[אל אברהם @el_avraham]

Kenapa orang Surabaya kalau ketemu temen lama urutan formatnya sll begini :

Cok + nanya kenapa masih hidup + kapan/kenapa ga mati-mati + another insult + baru nanya kabar baik orang tua.

[M. Chatib Basri @ChatibBasri]

Langkah yang baik.

[Today in History @TodayinHistory]

A matchup that goes back 1,237 years.

[Matthew Doyle @MattDoyle76]

tactical preview of norway vs. england

[Per Bylund @PerBylund]

What causes #poverty? Nothing. It's the original state, the default and starting point. The real question is, What causes #prosperity?

[The Economist @TheEconomist]

The technology giant he built is being yanked around by the state https://t.co/rCt0ZLsbOL

[Meridian Research Indonesia @meridian_rsrch]

Meridian's 12th letter is here.

We cover Indonesia's fiscal state on this letter. Free meals, defense, and subsidies, together consuming 24% of total expenditure. The 2025 deficit came at 2.92% of GDP, the highest non-pandemic reading in two decades, just 8bps from the legal ceiling. The short-term numbers are looking surprisingly good. But a budget you can't cut is a budget waiting to break.

Moving on, we've repeatedly asked, where is the bottom? Perhaps we finally have an answer. Using two independent approaches, calculus-based framework and max pain indicator, we arrive at a similar conclusion. While, for the country's sake, (for the first time) we hope our model is wrong, but this is where the data leads us. $IHSG

Read our latest letter through the link below:
https://t.co/00YJKxPJom

#MeridianResearch

[Trung Phan @TrungTPhan]

Lee Kuan Yew:

“Air conditioning was a most important invention for us, perhaps one of the signal inventions of history. It changed the nature of civilization by making development possible in the tropics. Without air conditioning you can work only in the cool early-morning hours or at dusk. The first thing I did upon becoming prime minister was to install air conditioners in buildings where the civil service worked. This was key to public efficiency."

[The Telegraph @Telegraph]

Larry the cat has outlasted six prime ministers.

Now that Starmer has resigned, Larry is preparing for his seventh.

Follow the latest: https://t.co/08jvhcBz3Q