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Paul Krugman
@paulkrugman
, 5 tweets, 2 min read Read on Twitter
Busy day, so no time until now to talk about the WH budget. Of course it won't become law, but it's a statement of priorities 1/ nytimes.com/2019/03/11/us/…
And the central priority, I'd argue, is to betray Trump's most loyal followers. After all, the most Trump-loyal places in America are deeply dependent on the very programs he's trying to slash 2/ nytimes.com/2018/12/21/bus…
Meanwhile, the economy has been doing pretty well – but it has been bypassing Trump country while booming in Blue America 3/
Did I mention that Republicans now represent only 7 of CA's 53 House seats, down from 14 before the midterms? 4/
Basically, the Trump strategy is Paul Ryan with more explicit racism. This was NOT the candidate he pretended to be in 2016, although it's the president he has been ever since 5/
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More from @paulkrugman see all

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Paul Krugman
@paulkrugman
Elizabeth Warren has a housing plan -- and like every one of her policy proposals, it looks really good! 1/ medium.com/@teamwarren/my…
It calls for expansing the housing supply, especially of rental units, in part through public investment, in part with incentives for state and local governments to loosen restrictive zoning rules. All solid economics, no gimmicks 2/
I should add that she's quite brave in not pandering to NIMBYism. This is the kind of plan that should have broad bipartisan support; it would even have significant effects on economic growth, by helping people move to where the good jobs are 3/
Read 4 tweets
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Paul Krugman
@paulkrugman
Extreme wonky alert: I've been watching the plunge in US bond rates, which has inverted the yield curve – historically a precursor to recession, but who knows? Anyway, Bloomberg has a really interesting piece on why the move has been so sharp 1/ bloomberg.com/news/articles/…
Basically they say that an unexpected drop in rates forced some investors to scramble to cover their bets, pushing rates even lower. If so, this is a classic illustration of a point Shleifer and Vishny made long ago 2/ scholar.harvard.edu/shleifer/publi…
Shleifer-Vishny argued that the business of keeping asset prices somewhere near fundamental values is normally handled by specialists who need sufficient capital - and that big price moves wipe out that very capital 3/
Read 5 tweets
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Paul Krugman
@paulkrugman
So Stephen Moore claims that Paul Volcker believed in linking interest rates to commodity prices. As @crampell points out, he's making stuff up (again); Volcker had no such rule. But wait, there's more 1/ washingtonpost.com/opinions/2019/…
I know we have short memories these days, but not that long ago Paul Ryan berated Ben Bernanke, claiming that a rise in commodity prices presaged runaway inflation 2/ nytimes.com/2011/02/10/bus…
The Fed, instead, focuses on "core" inflation, which tries to strip out the effects of volatile commodity prices for a better read on underlying inflation. And events have overwhelmingly vindicated that approach 3/
Read 4 tweets

Related threads

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Karol 🌿
@karolcummins
Deutsche Bank ♥️ Trump

📌A Profitable Decades-long Love Affair

📌Why on earth would Deutsche Bank (DB) continue to lend money to a notorious loan defaulter like Trump?

📌This is a key part re TrumpRussia
‼️Theory:‼️

Is it logical to conclude that Russia funnels (launders) money into Deutsche Bank, which then ‘washes’ money via back door deals & then loans the money to Trump.

Ergo is DB the middleman between RU & Trump earning sizable fees on every transaction? Win, win, no?
Russia:

Investigators are seeking evidence in a massive money laundering scheme involving Deutsche Bank about the practice of hiding money offshore to elude tax collectors and government regulators.
npr.org/2018/11/29/671…
Read 61 tweets
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Sonia Mota
@SoniaKatiMota
#Venezuela's #NicolasMaduro:
"We had a large shipment of medicines to last the country for a year,a large batch of raw materials for food. The bank account was frozen,the contracts were cancelled & the money is seized. They suffocate us,steal our money & put a show for the world"
#US ECONOMIC BLOCKADE BLOCKING THE HEALTH SECTOR
Nov. 2017:The transnational Pharmaceutical companies Baster,Abbot & Pfizer refused to issue exportation certificates to #Cancer drugs,making it impossible for #Venezuela to buy them
…agoalbasolidarity.files.wordpress.com/2018/06/doc_sa…👈
#US BLOCKADE OF #VENEZUELA'S ACCESS TO MEDICINE
July 2017: The Citibank bank (#USA) refuses to receive #Venezuelan funds from the Central Bank for the import of 300 thousand doses of insulin, destined to cover the demand of 450 thousand registered patients.
Read 62 tweets
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Eric Garland
@ericgarland
Now that the Russian Mob is headed for the barrel, there are all these Venezuela articles that leave out DRUG TRAFFICKING. 🧐 nytimes.com/2019/02/02/opi…
So strange - philanthropist financiers writing articles about moderation without mentioning the Bolivia-Venezuela-North drug routes. 🤔 elpais.com/elpais/2013/09…
Yes, just as Maduro gets gold bars sent through Dubai from Russia on the same money laundering routes Russia and Iran use, nobody mentions the Mob. 🤔🤔🤔

Or why a "petro-state" like Venezuela would be Mob-dependent: COCAINE. Because let's talk gasoline subsidies...
Read 9 tweets
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Ryan Hilmoe
@Rhilmoe89
Rubio has an A+ rating, & has taken $3.3 million from the NRA. He is just one of many R’s (Cruz) who are handmaidens to the gun lobby. The safety of the public is not as important as their #NRABloodMoney.

Let’s dispel gun myths the NRA constantly parrots. tampabay.com/florida-politi…
“Guns don’t kill people, people kill people.”
This is probably the most common argument heard from gun advocates. It’s true that guns can’t kill by themselves & DO indeed need someone to pull the trigger... Guns don’t kill people, but allow someone who WOULD kill much easier, faster, more lethal means for killing. #GunReform
Read 182 tweets
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seaguk
@jeongguii
AU wherein, despite the prejudice people have against hybrids, Jeongguk’s managed to work his way up the ranks and establish a name for himself.
Taehyung, a hybrid w/ a difficult temperament, somehow falls under his care.
The only problem? Jeongguk wants nothing to do with him.
Little context:
More often than not, hybrids are sold as ‘pets’. The handful that do make smth out of themselves still fall victim to some sort of discrimination. Jeongguk’s gone through a lot & is disgusted by it all, so when Taehyung’s given to him, he hates the entire ordeal.
Notes
• Jeongguk has been aged up, so he’s four years older than Taehyung purely to allot for time wherein he becomes successful.
• This may border on nsfw.
• Taehyung will not act as a ‘pet’ or anything similar. He is a person.
Read 599 tweets
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Eketi Edima Ette
@eketiette
Are you one of those people who's looked back on 2017 and convinced yourself that you haven't achieved anything? Worried about catching up with your mates who seem to have done much better?

Let me tell you a story about #time.

A thread 👇
A long #time ago, back when I was about twelve or thirteen years old, my parents travelled to Uyo.

Before leaving, my mother asked me to prepare Edikang ikong soup so she and my father would eat when they returned.
When I was finished with the soup, it was supposed to look something like this:

*photo credit: waiter foodies.
Read 32 tweets

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