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InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)E
Posts
10
Comments
81
Joined
3 yr. ago

  • Which way is the wind blowing?

  • Inflation Reduction Act

  • World News @beehaw.org

    Hong Kong activists in Britain speak out despite safety fears after arrest warrants

    www.reuters.com /world/asia-pacific/hong-kong-activists-britain-speak-out-despite-safety-fears-after-arrest-warrants-2023-07-05/
  • Finish it tomorrow

  • There's high on meth, and then there's this guy

  • Guess I'm going into the lavender oil business then

  • Problem is he's lost so much money by being a bad hedge fund manager that the two times his gambles have paid off are massively outweighed by his years of losses

    It's a close tie between him and the haunted pencil Rees Mogg for the worst fund manager of the century

  • The RDG said ticket office staff would move on to station platforms and concourses in “new and engaging roles”.

    Sounds like preparation for being homeless

  • Vaybe it's Valvoline

  • I'm still waiting for the Abba party one

  • UK Politics @feddit.uk

    Partygate: Police reopen investigation into Tory 'jingle and mingle' event

    www.bbc.co.uk /news/uk-politics-66103922
  • UK Politics @feddit.uk

    Keir Starmer's allies purging Labour left, says John McDonnell

    www.bbc.co.uk /news/uk-politics-66105250
  • World News @beehaw.org

    The U.S. Funds Shadow Police Units All Over the World

    archive.is /2023.07.04-095219/https://www.wsj.com/amp/articles/law-enforcement-police-developing-countries-856c41e2
  • GDP growth was similar in the twentieth century and the nineteenth, averaging 2.1 per cent in both cases. Higher productivity growth in the twentieth century therefore is associated with weaker growth of total hours worked, due to a combination of weaker employment growth and falling average hours

    You don't understand your own link, 🤡

  • Agreed

  • Yeah, sounds unlikely doesn't it?

    But that's what the forecast says. 4% of productivity lost over the long term of 15 years due to loss of comparative advantage

    https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis

    But the forecast is for the cost, no benefit is included.

    The loss of comparative advantage is replaced, I'd argue, with competitive advantage which has a much stronger effect. The UK is no longer bound by the anti science regulations on genetic engineering and the new overly restrictive proposed regulations on AI

    GDP per capita is a ratio of GDP / population, so if you do more with fewer people, by using automation, robots and AI, your GDP per capita will grow...

    The 4% figure over 15 years is a difference of 0.29% to 0.27% productivity growth. Government policy has at least that 0.02% effect

    I predict a Starmer govt will be able to introduce policy that will offset the productivity loss just by investing in renewable energy, let alone any research universities' innovations.

  • I stand corrected, I thought they used core CPI

  • Economists said most of the reason for the divergence between the UK and the EU was down to the UK government’s energy price guarantee (EPG), which has capped the cost of gas and electricity bills to the equivalent of £2,500 a year for a typical household until July. In the eurozone there have not been similar caps fixing the price over a lengthy time period, meaning their inflation rates better reflect the recent global decline in wholesale gas and electricity prices.

  • Did you even read the article?

    Economists said most of the reason for the divergence between the UK and the EU was down to the UK government’s energy price guarantee (EPG), which has capped the cost of gas and electricity bills to the equivalent of £2,500 a year for a typical household until July. In the eurozone there have not been similar caps fixing the price over a lengthy time period, meaning their inflation rates better reflect the recent global decline in wholesale gas and electricity prices.

  • Lol, no they're not. Productivity is not GDP...

    And the 4% is over 15 years and is a result of loss of comparative advantage.

    If you have to compound an effect over 15 years to get 4%, the effect is fuck all.

  • World News @beehaw.org

    Europe has fallen behind America and the gap is growing

    archive.is /2023.07.02-195413/https://www.ft.com/content/80ace07f-3acb-40cb-9960-8bb4a44fd8d9
  • UK Politics @feddit.uk

    Australia’s actions in Ashes Test not in the spirit of cricket, says Rishi Sunak

    www.theguardian.com /sport/2023/jul/03/australias-actions-in-ashes-test-not-in-the-spirit-of-cricket-says-rishi-sunak
  • UK Politics @feddit.uk

    Starmer faces Labour unrest over ‘witch-hunt’ to stifle dissent - FT

    archive.is /2023.07.02-174002/https://www.ft.com/content/8075bdfb-2a67-4d69-b0ba-f8bc4e9a3537
  • UK Politics @feddit.uk

    Joe Biden to meet King Charles and Rishi Sunak on UK visit this month

    www.theguardian.com /us-news/2023/jul/02/joe-biden-meet-king-charles-rishi-sunak-uk-visit