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#itstheeconomystupid — Public Fediverse posts

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  1. Have a read of #AmyRemeikis in #ThePoint. She taps all of the issues on the head and her view is well argued. I dare say, most of us here would agree with her. And while the deliberate misuse of technology for nefarious ends is rightly blamed for increasing violent reactions, so is the management of our economy (aka Govt policies and legislative agenda).

    After all, what could be easier for malfeasants than tap into the anger and frustration of those in our society who have been forgotten (which is most of us I hasten to add) because they are merely thought of as *externalities* or *parameters* in a system of wealth distribution designed to favour the few.

    The principal salves to our ills are quite simply an economy geared towards the better good of all in our society and a govt with a priority to serve all Australians equitably. The fact that we have neither in operation (in fact, there’s only fierce opposition to them from the benefiting layers of our society) has given rise to, and continue to nurture the violence we are witnessing (and the violence we don’t see) in Australia.

    When a pauper sees a king and his retinue parade by, what can he do but throw mud at the ostentatious display of wealth to make his outrage known.

    thepoint.com.au/opinions/26102

    #AusPol #PoliticalViolence #PoliticalRepresentation #ItsTheEconomyStupid #ThoseLeftBehind #TaxTheRich #TaxGas #RepealBusinessTaxBreaks #TaxReform #FiscalPolicy #RedistributionOfWealth #PublicServices #ForThePublicGood

  2. Then vs. Now. Both seen this evening. Broken sign at an abandoned gas station reads Regular, $2.539. A mile or so down the street, an open convenience store is right now selling regular for $4.259.
    #Gas #Gasoline #GasPrices #GasolinePrices #RochesterNY #CostOfLiving #ItsTheEconomyStupid

  3. @bahnkundenv Entscheidend ist **nicht** der im Jahresabschluss ausgewiesene Gewinn. Entscheidend ist der **Ergebnisverwendungsbeschluss**. Sofern die Bahn den Gewinn nicht ausschüttet, sondern investiert, ist alles paletti. #itstheeconomystupid

  4. @stefanmuelller

    Hat doch Tradition in Deutschland. Franz Josef Strauß wurde Erster Verteidigungsminister und wollte Atomraketen. Für Atomraketen wird Nuclearer sprengstoff benötigt. Nuclearer sprengstoff wird in Atomreaktoren erbrütet. Also brauchte er Kernkraftwerke. Franz Josef Strauß wurde Erster Atomenminister in Deutschland und hat den Energieversorgungsunternehmen so viel von seinem Geld gegeben, dass sie dann endlich wirklich Atomraketoren gebaut haben.

    #Fossilindustrie #ItsTheEconomyStupid

  5. „It’s an extraordinary situation for an industry that claims to be governed by capitalist laws of supply and demand, rather than statist central planning.“

    Lustigerweise ist es so, dass die #Fossilindustrie durch Staaten am Leben erhalten wird. Private Investitionen gehen zum größten Teil in Erneuerbare.

    bloomberg.com/opinion/articles

    Mir hat mal jemand aus der Wirtschaft gesagt: #ItsTheEconomyStupid

  6. #ItsTheEconomyStupid

    From CBS News.com: Inflation topped 4% in May as CPI surged to its highest level in more than 3 years

    cbsnews.com/news/cpi-report-to

  7. #ItsTheEconomyStupid

    From CBS News.com: Nearly half of Americans say they're worse off financially than a year ago, NY Fed finds

    cbsnews.com/news/americans-wor

  8. RE: flipboard.com/@independent/cri

    "He reportedly admitted that his business was nearing financial collapse and that he wanted to kill his wife so that she would not have to “deal with” living off significantly reduced Social Security benefits, according to the complaint."

    #ItsTheEconomyStupid

  9. #ItsTheEconomyStupid #DieselPrices

    From CBS News.com: Diesel tops $5 a gallon for the first time since 2022. Here's what it means for the economy

    cbsnews.com/news/diesel-prices

  10. #ItsTheEconomyStupid

    From CBS News.com: U.S. economy lost 92,000 jobs in February, defying forecasts for job growth

    NOTE: full report will come out later today

    cbsnews.com/news/jobs-report-t

  11. #ItsTheEconomyStupid

    From CBS News.com: More Americans are filing for bankruptcy. Here's what's behind the surge.

    cbsnews.com/news/bankruptcy-fi

  12. @AltEvil

    Given they guessed the October data, they can't possibly accurately gauge November data against it.

    It's not technically cooking the books, but it's bloody close to it!

    #USPol #ItsTheEconomyStupid

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