Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
Deep waters here.
There is a fight by pressure groups for X to be recognised as a medical condition of some sort. The reason is simple: once X is a medical condition then: It isn't your fault; Moral considerations are transferred to others and away from you; It isn't a crime and you can't be sent to prison for it; The taxpayer must pay to treat you; You mustn't be discriminated against on account of it; You get to start a worthless charity with employees and salaries; You appear on R4 Today.
More deep waters. For all I know bank robbers, rapists and paedophiles have as good a claim to be medicalised on account of their activities as fat people, gambling addicts, attention disorder people, narcissists, psychotics, autism sufferers, alcoholics etc.
There is no real test for these things except politics, popularity, pragmatism and power.
PS Obvs posting on PB deserves its own medical recognition.
Yes, and see my prev posts as to how diagnoses of autism should be limited to those that cannot realistically be expected to function. And you make a good point about testing which leads into my argument: the medical paradigm doesn't work in such cases. If we treat gambling addiction as a medical illness, then there will have to be researchers, differential diagnoses, studies, trials of treatments, measurements of success, accuracy of diagnoses, quality of life measurements, so on and so forth. It doesn't fit the paradigm.
Consider. What would the surgical or medical cure for gambling addiction be? Do we get to cut out pieces of brains? Aversion therapy? Conferences in a reasonably good conference centre, with orange juice in the breaks, posters and a quiz night and last-night banquet? Will there be carrot cake?
And all this because a rich man made daft decisions and a shrink wrote him a scrip.
The alternative is to have a too difficult, go away diagnosis like fibromyalgia.
[Shudders]. Yes, the dreaded default diagnosis from the busy and hard of thinking GP...
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
The Rachel Reeves policy seems designed to make the Truss policy and minibudget look good. Its a fantasy that allows Labour to shy away from difficult questions when policies such as removing non dom status (which may in fact reduce the tax take rather than increase it) start to get met with derisive laughter. Loads of growth, loads of new taxes to cover loads more spending. What could possibly go wrong?
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Gambling advertising should absolutely be banned.
What's the name of this website again???
I'm not saying gambling should be illegal, just advertising should be.
Ban gambling advertising. It might not solve all of the problems, but I think it might help.
"If it's legal you should be able to advocate for it"
(I think its a paraphrase of John Stuart Mill. Apologies if it's Ayn Rand )
"Advocate for" sounds American, hence probably Ayn. It's an interesting point. Are there things which we think are undesirable enough for it to be illegal to promote them, but not so undesirable that practicing them should be illegal (perhaps because we fear a Prohibition effect)? Smoking?
I am sure I am not the only person to believe that the proliferation of gambling advertising on evening television is pernicious at the very least
The promotion of gambling is absolutely relentless on TV, radio, online, absolutely everywhere. Presumably it is extremely profitable. I'm very torn on it - I think that people should be allowed to spend their hard-earned money on whatever they want, but a lot of gambling profits seem to stem from weaponising people's compulsive behaviour and poor impulse control to extract as much money from them as possible. I think it's a sad reflection on our society that this has become such a dominant leisure activity and has become so normalised. If people want to do it that's up to them, but the advertising is clearly framed to minimise the risks of the activity in people's minds, and I'm not sure therefore that it should be as prevalent as it is.
Similar to what Norman Lamont said in the early 1990s
Was it not “it’s not working unless it’s hurting”?
Jeremy Hunt has expertly opened up clear blue water with Labour, and put Labour on the back foot today hasn’t he, making them look like dangerous Trussite idiots. Labours Growth, Growth and yes, more growth of Reeves speech is now so yesterday, so wrong, so out of step with Hunt and Sunak, without beating inflation first before stoking all that heat in the economy to make us number one for growth in G7.
How many days until Starmer and Reeves announce they too support BoE interest rates and Hunt’s withdrawing of credit support to UK, to engineer that recession?
This is a big moment, a big story, I don’t know why PB babbling so much nothing and nonsense instead this morning, is this what happens when the suns out, it’s all gone “tits out for Whitsun” 🤷♀️
Alternatively, Hunt is just doing as he's told, an engineered recession is on the cards, it won't matter to him because he won't be in office, and he doesn't give a monkeys about its impact on the electoral fortunes of the Tory Party, because he hates the party and the party hates him.
yes you are right, there’s more than one economic approach abroad in the Tory Party, it’s not simply Tory v Labour, it’s whose in charge of Tory versus whose in charge of labour, Sunak Hunt v Starmer Reeves what is Parties official policy. Looking at her phone messages, Braverman probably brings an alternate policy to the cabinet table.
But when you say “ Hunt is just doing as he's told” by who, and for what reason? My view is inflation killing recession kills the racketeering Greedinflation hiding in it at same time, so we should all back Hunt for this sensible reason? I’m excited to hear him he say it, providing he actually does it and not disconnect between say and do.
Of course I'm not excited by it; it's complete maniacal horseshit. Prices are being driven through the roof by an energy supply crisis - that's at the root of the massive rates of inflation (though the BOE pumping money into the economy far too long after Covid had already put inflation above target), and it won't be 'solved' by engineering a recession. What we need is to increase the supply of energy and food, preferably UK energy and food, because of the ancillary benefits to the national finances.
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
Ban gambling advertising. It might not solve all of the problems, but I think it might help.
"If it's legal you should be able to advocate for it"
(I think its a paraphrase of John Stuart Mill. Apologies if it's Ayn Rand )
"Advocate for" sounds American, hence probably Ayn. It's an interesting point. Are there things which we think are undesirable enough for it to be illegal to promote them, but not so undesirable that practicing them should be illegal (perhaps because we fear a Prohibition effect)? Smoking?
I am sure I am not the only person to believe that the proliferation of gambling advertising on evening television is pernicious at the very least
The promotion of gambling is absolutely relentless on TV, radio, online, absolutely everywhere. Presumably it is extremely profitable. I'm very torn on it - I think that people should be allowed to spend their hard-earned money on whatever they want, but a lot of gambling profits seem to stem from weaponising people's compulsive behaviour and poor impulse control to extract as much money from them as possible. I think it's a sad reflection on our society that this has become such a dominant leisure activity and has become so normalised. If people want to do it that's up to them, but the advertising is clearly framed to minimise the risks of the activity in people's minds, and I'm not sure therefore that it should be as prevalent as it is.
Is there not a little incongruity in expressing that opinion on a website devoted to political betting?
Given that I've noticed very little on this site by way of minimising the risks.
Not that the discussion here really has much to do with betting most of the time, as compared with people mouthing off about politics. But still.
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
The societal solution to this problem is for the government to outlaw the bookmakers edge.
The zero on the roulette wheel, the overround on sports bets, the rtp% on slots should never have been legal.
Outlaw it and the problems eventually go away. Problem is, it’s in everybody’s short and medium term interest to keep it.
And so it remains.
If you outlawed those how many book makers/sports books/casinos etc would there be?
Oh yes, my solution would also almost certainly destroy British horse racing, too.
My solution would be for games of subjective odds (Football, horse racing, politics etc) to just have essentially a gov't run betfair where the Gov't collects 5% rake.
I'm expecting a crackdown on betting under a Starmer administration, sadly.
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Or pluck the goose for the most amount of feathers with the least amount of hissing as this week’s In Our Time on Louis XIV reminded me.
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Gambling advertising should absolutely be banned.
What's the name of this website again???
We’re discussing the politics of betting.
No. Mostly people are just discussing politics here, and not betting. But the purpose of the site is clearly to discuss betting on politics, not "the politics of betting".
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
In addition, the Bank of England owns about 34% (slowing going down) of Gilts, which are not index linked.
So just under 40% of the net Government exposure on gilt interest is on index linked Gilts.
Conventional gilts do not change their interest exposure (as interest rate and redemption price are fixed), so market interest rates changes only are relevant to the Government when they need to issue new gilts, either to replace old ones or to increase the stock. The UK tends to have a longer span of gilts ages than most other countries, so we are in a better position than most as we have fewer gilts which are redeemed each year.
However, the index linked gilts (RPI) have a large impact and the UK has a significantly higher proportion of these than other countries, due to our pension funds which like index linked gilts to manage their exposure, and also the indirect impact of the Bank of England quantative easing a decade or so ago.
The Bank of England is also in the process of selling its gilts, which will have the impact of reducing the stock of money and hence quantative restricting.
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Gambling advertising should absolutely be banned.
What's the name of this website again???
We’re discussing the politics of betting.
No. Mostly people are just discussing politics here, and not betting. But the purpose of the site is clearly to discuss betting on politics, not "the politics of betting".
You think such discussion should be banned?
We should do a PB poll.
Should discussion of the politics of betting be banned on politicalbetting.com ?
And then bet on the outcome.
Excluding d/k, I’d set the under/overs bar at Yes 25%. Whadduya recon? Higher or lower?
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
The societal solution to this problem is for the government to outlaw the bookmakers edge.
The zero on the roulette wheel, the overround on sports bets, the rtp% on slots should never have been legal.
Outlaw it and the problems eventually go away. Problem is, it’s in everybody’s short and medium term interest to keep it.
And so it remains.
If you outlawed those how many book makers/sports books/casinos etc would there be?
None. There'd be no betting industry. Like any other it has to make money.. Although if it were deemed an essential public good (like healthcare) the government could perhaps provide it on a no-profit basis. Better odds for punters, break even so no impact of the deficit. Worth thinking about. The Tote (for racing) is kind of a template. Renationalize and extend to all sports?
Or they could simply charge a commission - like Betfair Exchange, or a stockbroker.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
The societal solution to this problem is for the government to outlaw the bookmakers edge.
The zero on the roulette wheel, the overround on sports bets, the rtp% on slots should never have been legal.
Outlaw it and the problems eventually go away. Problem is, it’s in everybody’s short and medium term interest to keep it.
And so it remains.
If you outlawed those how many book makers/sports books/casinos etc would there be?
None. There'd be no betting industry. Like any other it has to make money.. Although if it were deemed an essential public good (like healthcare) the government could perhaps provide it on a no-profit basis. Better odds for punters, break even so no impact of the deficit. Worth thinking about. The Tote (for racing) is kind of a template. Renationalize and extend to all sports?
Not quite true there would still be poker where the house just takes a rake from the pot
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
The societal solution to this problem is for the government to outlaw the bookmakers edge.
The zero on the roulette wheel, the overround on sports bets, the rtp% on slots should never have been legal.
Outlaw it and the problems eventually go away. Problem is, it’s in everybody’s short and medium term interest to keep it.
And so it remains.
If you outlawed those how many book makers/sports books/casinos etc would there be?
None. There'd be no betting industry. Like any other it has to make money.. Although if it were deemed an essential public good (like healthcare) the government could perhaps provide it on a no-profit basis. Better odds for punters, break even so no impact of the deficit. Worth thinking about. The Tote (for racing) is kind of a template. Renationalize and extend to all sports?
I always think that one way we could make tax more popular would be to attach a winnings potential to it like the national lottery.
There could also be an element of agency to it too. If you believe even more should be splurged at the NHS then you could opt to pay a higher rate and you could receive a medal called The VSFC (Virtue Signal, First Class) which you could wear on your lapel. This would be very popular amongst Liberal Democrats I think.
Trouble is, people have different priorities. Eg I'd like to funnel my tax to diversity initiatives and forbid any to go on Trident.
Ban gambling advertising. It might not solve all of the problems, but I think it might help.
"If it's legal you should be able to advocate for it"
(I think its a paraphrase of John Stuart Mill. Apologies if it's Ayn Rand )
"Advocate for" sounds American, hence probably Ayn. It's an interesting point. Are there things which we think are undesirable enough for it to be illegal to promote them, but not so undesirable that practicing them should be illegal (perhaps because we fear a Prohibition effect)? Smoking?
I am sure I am not the only person to believe that the proliferation of gambling advertising on evening television is pernicious at the very least
The promotion of gambling is absolutely relentless on TV, radio, online, absolutely everywhere. Presumably it is extremely profitable. I'm very torn on it - I think that people should be allowed to spend their hard-earned money on whatever they want, but a lot of gambling profits seem to stem from weaponising people's compulsive behaviour and poor impulse control to extract as much money from them as possible. I think it's a sad reflection on our society that this has become such a dominant leisure activity and has become so normalised. If people want to do it that's up to them, but the advertising is clearly framed to minimise the risks of the activity in people's minds, and I'm not sure therefore that it should be as prevalent as it is.
Is there not a little incongruity in expressing that opinion on a website devoted to political betting?
Given that I've noticed very little on this site by way of minimising the risks.
Not that the discussion here really has much to do with betting most of the time, as compared with people mouthing off about politics. But still.
I guess I'd make a distinction between betting on "real" stuff like politics or football or a horse race and pure games of chance like slots or roulette or bingo. PB is interesting to people who want to know the odds of certain outcomes, for betting or non-betting purposes. The odds of fixed games of chance are already known. Betting on "real" stuff presents opportunities for the well informed to take money off the uninformed, or possibly the house. Betting on fixed odds games of chance seems to me to be a mug's game. Most of the ads I see are for the latter and it seems quite a scummy way to make money.
Ban gambling advertising. It might not solve all of the problems, but I think it might help.
"If it's legal you should be able to advocate for it"
(I think its a paraphrase of John Stuart Mill. Apologies if it's Ayn Rand )
"Advocate for" sounds American, hence probably Ayn. It's an interesting point. Are there things which we think are undesirable enough for it to be illegal to promote them, but not so undesirable that practicing them should be illegal (perhaps because we fear a Prohibition effect)? Smoking?
I am sure I am not the only person to believe that the proliferation of gambling advertising on evening television is pernicious at the very least
Yes if I never see Ray Winstone going full cockney and doing those ads again it won’t be too soon for me.
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
The societal solution to this problem is for the government to outlaw the bookmakers edge.
The zero on the roulette wheel, the overround on sports bets, the rtp% on slots should never have been legal.
Outlaw it and the problems eventually go away. Problem is, it’s in everybody’s short and medium term interest to keep it.
And so it remains.
If you outlawed those how many book makers/sports books/casinos etc would there be?
None. There'd be no betting industry. Like any other it has to make money.. Although if it were deemed an essential public good (like healthcare) the government could perhaps provide it on a no-profit basis. Better odds for punters, break even so no impact of the deficit. Worth thinking about. The Tote (for racing) is kind of a template. Renationalize and extend to all sports?
Or they could simply charge a commission - like Betfair Exchange, or a stockbroker.
Yep. Which is what the Tote's percentage retention kind of is. I quite like the model. Engineer a small surplus and reinvest back into grassroots sports perhaps.
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Gambling advertising should absolutely be banned.
What's the name of this website again???
We’re discussing the politics of betting.
No. Mostly people are just discussing politics here, and not betting. But the purpose of the site is clearly to discuss betting on politics, not "the politics of betting".
You think such discussion should be banned?
We should do a PB poll.
Should discussion of the politics of betting be banned on politicalbetting.com ?
And then bet on the outcome.
Excluding d/k, I’d set the under/overs bar at Yes 25%. Whadduya recon? Higher or lower?
I would draw a distinction between the politics of betting and betting on politics. We should do more of the latter.
Ban gambling advertising. It might not solve all of the problems, but I think it might help.
"If it's legal you should be able to advocate for it"
(I think its a paraphrase of John Stuart Mill. Apologies if it's Ayn Rand )
"Advocate for" sounds American, hence probably Ayn. It's an interesting point. Are there things which we think are undesirable enough for it to be illegal to promote them, but not so undesirable that practicing them should be illegal (perhaps because we fear a Prohibition effect)? Smoking?
I am sure I am not the only person to believe that the proliferation of gambling advertising on evening television is pernicious at the very least
The promotion of gambling is absolutely relentless on TV, radio, online, absolutely everywhere. Presumably it is extremely profitable. I'm very torn on it - I think that people should be allowed to spend their hard-earned money on whatever they want, but a lot of gambling profits seem to stem from weaponising people's compulsive behaviour and poor impulse control to extract as much money from them as possible. I think it's a sad reflection on our society that this has become such a dominant leisure activity and has become so normalised. If people want to do it that's up to them, but the advertising is clearly framed to minimise the risks of the activity in people's minds, and I'm not sure therefore that it should be as prevalent as it is.
Is there not a little incongruity in expressing that opinion on a website devoted to political betting?
Given that I've noticed very little on this site by way of minimising the risks.
Not that the discussion here really has much to do with betting most of the time, as compared with people mouthing off about politics. But still.
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
Okay. Fair enough, I’ll concede the point. 6944 to 5 officially it is then. unofficially rumours of scores of secret members, who know the passwords and handshakes, meeting times and everything - but we will never know how many or who, that’s the point.
How exciting having a Friendly Society of Secret Owls, like the Tolpuddle martyr’s all over again. 🤗
Mar-a-Lago Model Prosecution Memo https://twitter.com/NormEisen/status/1661812835830169605 This model prosecution memorandum (or “pros memo”) assesses the potential charges against former President Donald Trump emanating from his handling of classified documents and other government records since leaving office on January 20, 2021. It includes crimes related to the removal and retention of national security information and obstruction of the investigation into his handling of these documents. The authors have decades of experience as federal prosecutors and defense lawyers, as well as other legal expertise. Based upon this experience and the analysis that follows, we conclude that there is a strong basis to charge Trump...
An interesting read.
Note that Eisen helped draft the rules for handling classified documents.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
He seems to be attempting to move it back to startup mode.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
Oh sod it, I give up. What is the point of Starmer? The gambling industry generates wealth and a source of taxation. You're supposed to milk the golden goose, not kill it.
Gambling advertising should absolutely be banned.
What's the name of this website again???
We’re discussing the politics of betting.
No. Mostly people are just discussing politics here, and not betting. But the purpose of the site is clearly to discuss betting on politics, not "the politics of betting".
You think such discussion should be banned?
We should do a PB poll.
Should discussion of the politics of betting be banned on politicalbetting.com ?
And then bet on the outcome.
Excluding d/k, I’d set the under/overs bar at Yes 25%. Whadduya recon? Higher or lower?
I would draw a distinction between the politics of betting and betting on politics. We should do more of the latter.
Here's a tip. Mary Lou McDonald is still available at 4/11 (Boyle Sports) to be Taoiseach after the next Irish general election, which will happen no later than March 2025.
I'd say that's pretty good value even though odds-on. Sinn Fein would have won more seats last time if they'd stood more candidates, the three-party coalition government is pretty unpopular, and none of the other opposition parties are making much of an impact.
The government majority is pretty slim, so only a relatively small swing would be required to make a Sinn Fein lead government the only possible option for post-election negotiations, and Fianna Fail will do a deal with SF in return for cabinet posts.
(Disclosure: I've never made a bet because I worry that I have the compulsive nature that would struggle to keep it under control, but I think it's a useful way to think about predicting the future, or analysing the present, which is why I'm here.)
Similar to what Norman Lamont said in the early 1990s
Was it not “it’s not working unless it’s hurting”?
Jeremy Hunt has expertly opened up clear blue water with Labour, and put Labour on the back foot today hasn’t he, making them look like dangerous Trussite idiots. Labours Growth, Growth and yes, more growth of Reeves speech is now so yesterday, so wrong, so out of step with Hunt and Sunak, without beating inflation first before stoking all that heat in the economy to make us number one for growth in G7.
How many days until Starmer and Reeves announce they too support BoE interest rates and Hunt’s withdrawing of credit support to UK, to engineer that recession?
This is a big moment, a big story, I don’t know why PB babbling so much nothing and nonsense instead this morning, is this what happens when the suns out, it’s all gone “tits out for Whitsun” 🤷♀️
Alternatively, Hunt is just doing as he's told, an engineered recession is on the cards, it won't matter to him because he won't be in office, and he doesn't give a monkeys about its impact on the electoral fortunes of the Tory Party, because he hates the party and the party hates him.
yes you are right, there’s more than one economic approach abroad in the Tory Party, it’s not simply Tory v Labour, it’s whose in charge of Tory versus whose in charge of labour, Sunak Hunt v Starmer Reeves what is Parties official policy. Looking at her phone messages, Braverman probably brings an alternate policy to the cabinet table.
But when you say “ Hunt is just doing as he's told” by who, and for what reason? My view is inflation killing recession kills the racketeering Greedinflation hiding in it at same time, so we should all back Hunt for this sensible reason? I’m excited to hear him he say it, providing he actually does it and not disconnect between say and do.
Of course I'm not excited by it; it's complete maniacal horseshit. Prices are being driven through the roof by an energy supply crisis - that's at the root of the massive rates of inflation (though the BOE pumping money into the economy far too long after Covid had already put inflation above target), and it won't be 'solved' by engineering a recession. What we need is to increase the supply of energy and food, preferably UK energy and food, because of the ancillary benefits to the national finances.
“Of course I'm not excited by it”
It’s an interesting question, for recession to kill inflation, or against the idea. Up to this point it’s been all “what go’s up just comes down, it’s all going to just disappear, no need for much action” now reality of, it’s going to have to be actively managed down, and there won’t be any gain unless there is some pain. Which I do find refreshing Hunt is actually saying this, because it’s been such a timid government afraid of its own shadow since Sunak got in.
Some people are just being left behind by events, “why are we even talking pain, it will just come down on its own”. Kitchen cabinet, very quick to tell me I’m wrong last night, but I actually agree with the nail they hit right on the head, sneaky price rises they hope to get away with becoming the norm, which fuel inflation, that’s why it needs intervention like Hunt is promising and supporting.
We all cast a shadow, there’s no good in the world without evil.
Is Iain Dale the most dishonest radio broadcaster in history?
A champion of and a fan of Brexit, he seems to now be anti-Brexit and insists it is not his fault, despite being a massive proponent of it from way before it was popular. Will Brexiteers ever take responsibly for anything?
Is Iain Dale the most dishonest radio broadcaster in history?
A champion of and a fan of Brexit, he seems to now be anti-Brexit and insists it is not his fault, despite being a massive proponent of it from way before it was popular. Will Brexiteers ever take responsibly for anything?
If you want to convert people to support your political position then it helps if you are charitable towards those who change their view, instead of insisting that they ritually humiliate themselves to atone for their past mistakes.
Save your ire for those still defending the thing you oppose.
Is Iain Dale the most dishonest radio broadcaster in history?
A champion of and a fan of Brexit, he seems to now be anti-Brexit and insists it is not his fault, despite being a massive proponent of it from way before it was popular. Will Brexiteers ever take responsibly for anything?
If you want to convert people to support your political position then it helps if you are charitable towards those who change their view, instead of insisting that they ritually humiliate themselves to atone for their past mistakes.
Save your ire for those still defending the thing you oppose.
They will tax businesses and wealth creators until the pips squeak and the economy is well and truly fecked. This iteration of the Labour Party only cares about the public sector because they do not understand business and nor do they want to.
The one piece of info that we don't have is, how successful was his betting? My guess is, not very, but would still like to know.
It is fairly rare for consistently successful gamblers to seek treatment for this sad state of affairs.
I realise that my view on this will not be shared by many, but I dispute the existence of a "diagnosed gambling addiction". Many people cannot control their impulses, but to translate that into a medical diagnosis is mistaken: the medical ecology (research, tests, studies, treatments) is not really suitable for things like this. We need to stop treating maladaptive/self-destructive behavior as diseases.
The societal solution to this problem is for the government to outlaw the bookmakers edge.
The zero on the roulette wheel, the overround on sports bets, the rtp% on slots should never have been legal.
Outlaw it and the problems eventually go away. Problem is, it’s in everybody’s short and medium term interest to keep it.
And so it remains.
If you outlawed those how many book makers/sports books/casinos etc would there be?
Oh yes, my solution would also almost certainly destroy British horse racing, too.
My solution would be for games of subjective odds (Football, horse racing, politics etc) to just have essentially a gov't run betfair where the Gov't collects 5% rake.
The French system but with the possibility of laying into the market too.
A Government run bookies would be first in history to make sustained massive losses.
The government used to own the Tote (pool betting and normal betting) until they sold it.
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
Okay. Fair enough, I’ll concede the point. 6944 to 5 officially it is then. unofficially rumours of scores of secret members, who know the passwords and handshakes, meeting times and everything - but we will never know how many or who, that’s the point.
How exciting having a Friendly Society of Secret Owls, like the Tolpuddle martyr’s all over again. 🤗
Happy days.
Ed Miliband's rule changes led to Corbyn, and Corbyn's replacement by SKS has freed the owls from Labour's yoke (can owls be yoke'd?), so the joyful news from this is that EdM has made good on his manifesto commitment to provide free owls.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
They will tax businesses and wealth creators until the pips squeak and the economy is well and truly fecked. This iteration of the Labour Party only cares about the public sector because they do not understand business and nor do they want to.
Is Iain Dale the most dishonest radio broadcaster in history?
A champion of and a fan of Brexit, he seems to now be anti-Brexit and insists it is not his fault, despite being a massive proponent of it from way before it was popular. Will Brexiteers ever take responsibly for anything?
Of course not. Remember the rule: everything, everywhere is always the fault of those pesky remainers.
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
In addition, the Bank of England owns about 34% (slowing going down) of Gilts, which are not index linked.
So just under 40% of the net Government exposure on gilt interest is on index linked Gilts.
Conventional gilts do not change their interest exposure (as interest rate and redemption price are fixed), so market interest rates changes only are relevant to the Government when they need to issue new gilts, either to replace old ones or to increase the stock. The UK tends to have a longer span of gilts ages than most other countries, so we are in a better position than most as we have fewer gilts which are redeemed each year.
However, the index linked gilts (RPI) have a large impact and the UK has a significantly higher proportion of these than other countries, due to our pension funds which like index linked gilts to manage their exposure, and also the indirect impact of the Bank of England quantative easing a decade or so ago.
The Bank of England is also in the process of selling its gilts, which will have the impact of reducing the stock of money and hence quantative restricting.
Great post. Thanks for sharing all these gilty secrets.
Gilts linked to inflation so painful extra payment when inflation goes up, not on a government, it’s pain on all of us really to find this extra payment.
But what else drives gilt cost upward? Correct me where wrong, things went up under Truss it’s the markets essentially saying to UK, we don’t think you are in control so we see you as a liability - the credit agency’s downgrading France very recently is saying, the chaos on your streets we don’t think you are in control, so we see you as a greater risk, and what’s happening to UK this week, it’s markets saying to us, we don’t feel you have control of inflation equal to the game you are talking?
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
I regret what Musk is doing to Twitter. It's where you can go to subject matter experts on specialised topics, or follow people who curate information that you have an interest in. There isn't an alternative platform to it.
It's doubly.frustrating that Musk's approach makes no sense from a business perspective. But he's one of richest people on the planet. He can afford to indulge himself.
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
The Rachel Reeves policy seems designed to make the Truss policy and minibudget look good. Its a fantasy that allows Labour to shy away from difficult questions when policies such as removing non dom status (which may in fact reduce the tax take rather than increase it) start to get met with derisive laughter. Loads of growth, loads of new taxes to cover loads more spending. What could possibly go wrong?
Absolutely agree with you David. Reeves speech woefully missed exactly what the priorities are so came across as downright dangerous. Meanwhile the ridiculous ban nomdoms and the magic money tree this provides pays for everything is an insult to the intelligence of anyone over 5 years old. Non doms actually contribute in tax, banning non doms doesn’t bring in more money, the non doms take a step further away nationalising themselves elsewhere, so move to contributing nothing.
Is this is the best thinking that can come out of this Labour team hoping to be trusted with government?
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
I thought owls were supposed to be clever, whereas Corbyn was about the thickest idiot ever to have led a mainstream party in this country. Corbyn's Ostriches would be a more appropriate description perhaps?
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
The EU makes up a relatively small share of Twitter's global business so that decision makes sense. The EU has overestimated its market power.
But a larger share of Twitter’s global content, particularly if the UK is included (and it seems likely if we want to maintain equivalence in tech and media regulation).
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
I thought owls were supposed to be clever, whereas Corbyn was about the thickest idiot ever to have led a mainstream party in this country. Corbyn's Ostriches would be a more appropriate description perhaps?
Owls have a reputation for being clever, but aren't really.
Will Keir Starmer be given any honest space to try and resolve Brexit or will any action he takes be seen as somehow trying to take us back in?
Clearly the Brexiteers don't know how to do Brexit.
I think resolving Brexit will be as possible as the resolution of the Irish Question.
To twist one of my favourite quotes from "1066 and All That": ‘Starmer spent his declining years trying to guess the answer to the Brexit question; unfortunately, whenever he was getting warm, the Brexiteers secretly changed the question.’
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
I thought owls were supposed to be clever, whereas Corbyn was about the thickest idiot ever to have led a mainstream party in this country. Corbyn's Ostriches would be a more appropriate description perhaps?
Will Keir Starmer be given any honest space to try and resolve Brexit or will any action he takes be seen as somehow trying to take us back in?
Clearly the Brexiteers don't know how to do Brexit.
I think resolving Brexit will be as possible as the resolution of the Irish Question.
To twist one of my favourite quotes from "1066 and All That": ‘Starmer spent his declining years trying to guess the answer to the Brexit question; unfortunately, whenever he was getting warm, the Brexiteers secretly changed the question.’
"Only three people have ever really understood the Brexit business – the Prince Consort, who is dead – a German professor, who has gone mad – and I, who have forgotten all about it."
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
I thought owls were supposed to be clever, whereas Corbyn was about the thickest idiot ever to have led a mainstream party in this country. Corbyn's Ostriches would be a more appropriate description perhaps?
Owls have a reputation for being clever, but aren't really.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
The EU makes up a relatively small share of Twitter's global business so that decision makes sense. The EU has overestimated its market power.
But a larger share of Twitter’s global content, particularly if the UK is included (and it seems likely if we want to maintain equivalence in tech and media regulation).
It would be very amusing if we were included - imagine the remainiac Twitter crowd being incensed to be booted off Twitter due to our failure to Brexit properly.
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
The Rachel Reeves policy seems designed to make the Truss policy and minibudget look good. Its a fantasy that allows Labour to shy away from difficult questions when policies such as removing non dom status (which may in fact reduce the tax take rather than increase it) start to get met with derisive laughter. Loads of growth, loads of new taxes to cover loads more spending. What could possibly go wrong?
Absolutely agree with you David. Reeves speech woefully missed exactly what the priorities are so came across as downright dangerous. Meanwhile the ridiculous ban nomdoms and the magic money tree this provides pays for everything is an insult to the intelligence of anyone over 5 years old. Non doms actually contribute in tax, banning non doms doesn’t bring in more money, the non doms take a step further away nationalising themselves elsewhere, so move to contributing nothing.
Is this is the best thinking that can come out of this Labour team hoping to be trusted with government?
You should be delighted with Reeves scaring off the non doms; you were waving your pompoms earlier about the curative benefits of a good spell of recession.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
The EU makes up a relatively small share of Twitter's global business so that decision makes sense. The EU has overestimated its market power.
But a larger share of Twitter’s global content, particularly if the UK is included (and it seems likely if we want to maintain equivalence in tech and media regulation).
It would be very amusing if we were included - imagine the remainiac Twitter crowd being incensed to be booted off Twitter due to our failure to Brexit properly.
What would a "proper" Brexit have looked like lol? The only thing "proper" about Brexit was that it was a proper old fuck up. And utterly pointless to boot. As forecast by yours truly, I might add very humbly.
They will tax businesses and wealth creators until the pips squeak and the economy is well and truly fecked. This iteration of the Labour Party only cares about the public sector because they do not understand business and nor do they want to.
Only one party said "fuck business".
Hugely more fun than taxing them.
Counterintuitively, not as productive.
Really? A smiling workforce is a productive workforce, is it not.
I was quite enjoying this woke not woke stuff. I haven't quite got my head round it yet......
I went to the Cannes film festival on Wednesday and three girls were doing a synchronised walk down the Croisette topless. (It's tricky grabbing attention)
The question is what would the correct woke response be?
The question is, did you get inside any of the festival, if so what can you report?
A friend of mine, who wrote the plays I acted in, went last week, went down to walk about because he likes to think he’s in the trade, but a selfie with Harrison Ford and a viewing of directors cut of Basic Instinct is all he managed.
A selfie on the Red Carpet with Harrison Ford doesn't sound bad. Certainly beats one with this years favourite Ken Loach.
I'm hoping Jonathan Glazer does well. A very talented commercials directors and I'm told this one is really good.
PS Like to guess which is older the Cannes Film Festival or the Monaco grand Prix?
Will Keir Starmer be given any honest space to try and resolve Brexit or will any action he takes be seen as somehow trying to take us back in?
Clearly the Brexiteers don't know how to do Brexit.
I think resolving Brexit will be as possible as the resolution of the Irish Question.
To twist one of my favourite quotes from "1066 and All That": ‘Starmer spent his declining years trying to guess the answer to the Brexit question; unfortunately, whenever he was getting warm, the Brexiteers secretly changed the question.’
"Only three people have ever really understood the Brexit business – the Prince Consort, who is dead – a German professor, who has gone mad – and I, who have forgotten all about it."
That's probably three more than have ever really understood the Brexit business.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
The EU makes up a relatively small share of Twitter's global business so that decision makes sense. The EU has overestimated its market power.
But a larger share of Twitter’s global content, particularly if the UK is included (and it seems likely if we want to maintain equivalence in tech and media regulation).
It would be very amusing if we were included - imagine the remainiac Twitter crowd being incensed to be booted off Twitter due to our failure to Brexit properly.
What would a "proper" Brexit have looked like lol? The only thing "proper" about Brexit was that it was a proper old fuck up. And utterly pointless to boot. As forecast by yours truly, I might add very humbly.
I think by all a proper Brexit entails diverging sensibly from EU laws, regulations, projects, and overall directions of policy that do not serve the UK's interests.
Sadly our political and administrative class don't agree.
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
Call them the Turing police. Base them out of Berne...
"How smart's an Al, Case?" "Depends. Some aren't much smarter than dogs. Pets. Cost a fortune anyway. The real smart ones are as smart as the Turing heat is willing to let 'em get." "Look, you're a cowboy. How come you aren't just flat- out fascinated with those things?" "Well," he said, "for starts, they're rare. Most of them are military, the bright ones, and we can't crack the ice. That's where ice all comes from, you know? And then there's the Turing cops, and that's bad heat."
"But he doesn't seem to trust that stuff at all." "It doesn't matter," Lucas said as the Rolls came into view. "He's always been close to the spirit of the thing."
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
I wonder if they asked ChatGPT to come up with a better researched whitepaper it would have been better? Almost certainly
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
The Rachel Reeves policy seems designed to make the Truss policy and minibudget look good. Its a fantasy that allows Labour to shy away from difficult questions when policies such as removing non dom status (which may in fact reduce the tax take rather than increase it) start to get met with derisive laughter. Loads of growth, loads of new taxes to cover loads more spending. What could possibly go wrong?
Absolutely agree with you David. Reeves speech woefully missed exactly what the priorities are so came across as downright dangerous. Meanwhile the ridiculous ban nomdoms and the magic money tree this provides pays for everything is an insult to the intelligence of anyone over 5 years old. Non doms actually contribute in tax, banning non doms doesn’t bring in more money, the non doms take a step further away nationalising themselves elsewhere, so move to contributing nothing.
Is this is the best thinking that can come out of this Labour team hoping to be trusted with government?
You should be delighted with Reeves scaring off the non doms; you were waving your pompoms earlier about the curative benefits of a good spell of recession.
You are getting this all wrong Lucky - but knowing you as non aligned and very moral, not at all easily led or hoodwinked by herd movements, I’m sure I convince you there’s something uncanny going on, it’s not as it appears.
What is your view of price-gouging, aka excuseinflation?
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
The Rachel Reeves policy seems designed to make the Truss policy and minibudget look good. Its a fantasy that allows Labour to shy away from difficult questions when policies such as removing non dom status (which may in fact reduce the tax take rather than increase it) start to get met with derisive laughter. Loads of growth, loads of new taxes to cover loads more spending. What could possibly go wrong?
Absolutely agree with you David. Reeves speech woefully missed exactly what the priorities are so came across as downright dangerous. Meanwhile the ridiculous ban nomdoms and the magic money tree this provides pays for everything is an insult to the intelligence of anyone over 5 years old. Non doms actually contribute in tax, banning non doms doesn’t bring in more money, the non doms take a step further away nationalising themselves elsewhere, so move to contributing nothing.
Is this is the best thinking that can come out of this Labour team hoping to be trusted with government?
You should be delighted with Reeves scaring off the non doms; you were waving your pompoms earlier about the curative benefits of a good spell of recession.
You are getting this all wrong Lucky - but knowing you as non aligned and very moral, not at all easily led or hoodwinked by herd movements, I’m sure I convince you there’s something uncanny going on, it’s not as it appears.
What is your view of price-gouging, aka excuseinflation?
I imagine that describing a Putin apologist as "very moral" was an extreme case of irony?
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
I wonder if they asked ChatGPT to come up with a better researched whitepaper it would have been better? Almost certainly
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
My guess is that the German Greens will go down the same road that they went on Biotechnology.
Which will mean that German policy and hence EU policy will be....
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
I thought owls were supposed to be clever, whereas Corbyn was about the thickest idiot ever to have led a mainstream party in this country. Corbyn's Ostriches would be a more appropriate description perhaps?
Will Keir Starmer be given any honest space to try and resolve Brexit or will any action he takes be seen as somehow trying to take us back in?
Clearly the Brexiteers don't know how to do Brexit.
I think resolving Brexit will be as possible as the resolution of the Irish Question.
To twist one of my favourite quotes from "1066 and All That": ‘Starmer spent his declining years trying to guess the answer to the Brexit question; unfortunately, whenever he was getting warm, the Brexiteers secretly changed the question.’
"Only three people have ever really understood the Brexit business – the Prince Consort, who is dead – a German professor, who has gone mad – and I, who have forgotten all about it."
That's probably three more than have ever really understood the Brexit business.
It’s fair to say that they need some serious work on the Spaces infrastructure, and it failed in the most high-profile way possible that managed to embarrass the boss.
Yeah, but at least they're fully staffed with engineers to do the work.
There’s still about 1500 people working there. It only needs a few dozen actual engineers on product development.
Given how many were sacked and the level of problems not being that frequent for day to day users (there seems to have been greater trouble with policy decisions) it seems that even if they are a bit short now he was probably right they could easily have halved the workforce.
The company was pretty much close to bankrupt when the Musk consortium took it over, and he way overpaid right at the top of the Bull market. He had little choice but to cut costs right down, and then look to ways of growing revenue. He’s very much following the Silicon Valley startup mould of moving fast and breaking things, which is not what’s often done with an established company.
The DeSantis campaign launch was an embarrassment though, both to the platform and the candidate. The platform simply couldn’t scale sufficiently, for what wasn’t a particularly large following. It crashed at just over 500k.
If you tell YouTube you’re expecting a couple of million watchers, they’ll give you capacity, I think their record is still the 10m who were watching live as Felix Baumgartner jumped from space.
Sweating incumbency of technology companies is a common and normally very profitable strategy once you have decided there's no longer any point trying to grow the company. You sack anyone who isn't involved in keeping the lights on and keeping customers reasonably satisfied and then jack up your prices. You then rely on inertia to slow the inevitable drain of customers to new platforms.
I don't think Musk is following that strategy at all.
Musk definitely seems to be determined to economize his costs no matter the cost to the company.
Luca Bertuzzi @BertuzLuca · 22h Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
The EU makes up a relatively small share of Twitter's global business so that decision makes sense. The EU has overestimated its market power.
But a larger share of Twitter’s global content, particularly if the UK is included (and it seems likely if we want to maintain equivalence in tech and media regulation).
It would be very amusing if we were included - imagine the remainiac Twitter crowd being incensed to be booted off Twitter due to our failure to Brexit properly.
What would a "proper" Brexit have looked like lol? The only thing "proper" about Brexit was that it was a proper old fuck up. And utterly pointless to boot. As forecast by yours truly, I might add very humbly.
I think by all a proper Brexit entails diverging sensibly from EU laws, regulations, projects, and overall directions of policy that do not serve the UK's interests.
Sadly our political and administrative class don't agree.
Pointlessly diverging from all EU laws, a large part of which are regulations to do with trade, would have been commercial and trade suicide. Even more dumb and pointless than even the most abstract concept of Brexit.
If that is your idea of "proper" Brexit, then God preserve us from anything you regard as proper.
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
I wonder if they asked ChatGPT to come up with a better researched whitepaper it would have been better? Almost certainly
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
This factor alone should make you rethink your position on Brexit. Do you really want us to be beholden to what Brussels decides on regulating AI?
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
I wonder if they asked ChatGPT to come up with a better researched whitepaper it would have been better? Almost certainly
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
My guess is that the German Greens will go down the same road that they went on Biotechnology.
Which will mean that German policy and hence EU policy will be....
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
The regulatory issues with machine learning are essentially data management issues - data is accurate, can be corrected if wrong, is properly sourced, is used appropriately, is securely managed and you have certain rights to privacy.
I would expect governments to continue to regulate this in an AI world. They have even more reason to do so given the power of the data aggregation that is taking place.
It's rare to get such a clean cut off for a regression discontinuity in the real world, outside of things like education, benefit receipt etc.
I haven't read fully, so they may cover this, but any effect could in fact be larger as the relatively recent date of introduction means many in the treated group will nonetheless have been exposed to shingles in later life pre-vaccine (assuming the virus is supposed to be damaging, rather than the vaccine somehow directl protective).
As an aside, Wales has seriously good linked health data through the SAIL databank. Much better than England, probably the best in the UK and by extension probably the best in th world outside of Scandinavia and maybe some parts of Canada and Australia. It's a shame the Wales population is so small that you're quite limited for looking at things that are not relevant to the whole population (not a problem here).
Winning Ind was incumbent Corbyn supporting councillor who left Lab due to SKS.
It’s exciting development, thanks for sharing 🙂
It probably leaves current scoreboard Starmer 6947, Corbyn’s Owls (aka friends of the green transgender running stats for lefties) 2.
Good start. Work in progress as they say.
Quick question - when it comes to the votes, rights for transgender, with who will you personally be caucusing?
Anyone but SKS and there were 2 in Liverpool last week and 2 elsewhere which i forget so now its
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
I thought owls were supposed to be clever, whereas Corbyn was about the thickest idiot ever to have led a mainstream party in this country. Corbyn's Ostriches would be a more appropriate description perhaps?
Owls have a reputation for being clever, but aren't really.
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
I wonder if they asked ChatGPT to come up with a better researched whitepaper it would have been better? Almost certainly
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
My guess is that the German Greens will go down the same road that they went on Biotechnology.
Which will mean that German policy and hence EU policy will be....
Similar to what Norman Lamont said in the early 1990s
Recessions are deeply damaging, and their impact on tax receipts undermines the ability of Governments and Chancellors to balance the books. Jeremy Hunt is deeply toxic. To call him an idiot would be to pay him an undeserved compliment. Let's hope he has an even shorter lifespan in the job than Lamont had.
This is just silly.
UK underlying inflation is coming in higher than expected. Gilt rates are falling sharply in anticipation of further interest rate increases. This is driving the cost of government debt up and making the finances of the Treasury worse.
No Chancellor worth his salt is going to say anything other than bringing down inflation (and thus, indirectly, interest rates and thus, indirectly, gilt rates) is the absolute priority of the government. It would be a dereliction of duty to say anything else.
“No Chancellor worth his salt is going to say anything other than bringing down inflation”
Supporting the Tory recession to tame inflation is certainly not Reeves message this week - number one growth in G7 or bust is the Labour position.
Suddenly there’s clear blue water on exactly the policies Gove said wins or loses elections.
In addition, the Bank of England owns about 34% (slowing going down) of Gilts, which are not index linked.
So just under 40% of the net Government exposure on gilt interest is on index linked Gilts.
Conventional gilts do not change their interest exposure (as interest rate and redemption price are fixed), so market interest rates changes only are relevant to the Government when they need to issue new gilts, either to replace old ones or to increase the stock. The UK tends to have a longer span of gilts ages than most other countries, so we are in a better position than most as we have fewer gilts which are redeemed each year.
However, the index linked gilts (RPI) have a large impact and the UK has a significantly higher proportion of these than other countries, due to our pension funds which like index linked gilts to manage their exposure, and also the indirect impact of the Bank of England quantative easing a decade or so ago.
The Bank of England is also in the process of selling its gilts, which will have the impact of reducing the stock of money and hence quantative restricting.
Great post. Thanks for sharing all these gilty secrets.
Gilts linked to inflation so painful extra payment when inflation goes up, not on a government, it’s pain on all of us really to find this extra payment.
But what else drives gilt cost upward? Correct me where wrong, things went up under Truss it’s the markets essentially saying to UK, we don’t think you are in control so we see you as a liability - the credit agency’s downgrading France very recently is saying, the chaos on your streets we don’t think you are in control, so we see you as a greater risk, and what’s happening to UK this week, it’s markets saying to us, we don’t feel you have control of inflation equal to the game you are talking?
Yes, market uncertainty about government's control of its finances will mean that it is more expensive for the government to borrow. So inflation problems, which would include the underlying inflation issues in this weeks inflation report, will tend to mean higher interest rate costs as the Bank of England will need to raise interest rates to keep inflation under control. This will cause gilt prices to fall in the secondary market so that a buyer will have an increased return on their gilt purchase inline with the new bank of england rates.
One of the Truss consequences was a perception of higher inflation as a result of more money circulating in the object of going for growth (cutting taxes, not promising spending cuts, energy price guarantee) whilst not fully supporting the bank of england with its interest rates increases as that would have the opposite impact - hence market uncertainty and higher interest rates.
But you are right that it is inflation which is the current problem. But the government would not like a recession just before the general election so it would be hoping that the Bank of England does not increase interest rates too much more.
Historically it was thought that an increase in interest rates only had an impact on inflation 2 years ahead, which suggests that inflation at the time of the general election is already baked into the economic system (subject to external shocks). I'm not sure whether that 2 year period is still relevant in today's economic relationships.
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
I wonder if they asked ChatGPT to come up with a better researched whitepaper it would have been better? Almost certainly
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
My guess is that the German Greens will go down the same road that they went on Biotechnology.
Which will mean that German policy and hence EU policy will be....
Comments
I realised I was a gambling addict when I bet on the colour of George Osborne’s tie for the 2011 budget.
Really interesting discussion on Labour's immigration policy. This has NZ Labour all over it.
As bad as that eh? 😟
I have so few losing bets that I should remember them all.
#HumbleBrag 😁
We have a unique skillset on here.
6944 to 5 not 6947 to 2!!
I am aware that at least 7 of the 40 Chesterfield Labour Group are also secret members of Corbyns Owls Grouping and 17 are SKS fans not sure about other 16
Given that I've noticed very little on this site by way of minimising the risks.
Not that the discussion here really has much to do with betting most of the time, as compared with people mouthing off about politics. But still.
In addition, the Bank of England owns about 34% (slowing going down) of Gilts, which are not index linked.
So just under 40% of the net Government exposure on gilt interest is on index linked Gilts.
Conventional gilts do not change their interest exposure (as interest rate and redemption price are fixed), so market interest rates changes only are relevant to the Government when they need to issue new gilts, either to replace old ones or to increase the stock. The UK tends to have a longer span of gilts ages than most other countries, so we are in a better position than most as we have fewer gilts which are redeemed each year.
However, the index linked gilts (RPI) have a large impact and the UK has a significantly higher proportion of these than other countries, due to our pension funds which like index linked gilts to manage their exposure, and also the indirect impact of the Bank of England quantative easing a decade or so ago.
The Bank of England is also in the process of selling its gilts, which will have the impact of reducing the stock of money and hence quantative restricting.
We should do a PB poll.
Should discussion of the politics of betting be banned on politicalbetting.com ?
And then bet on the outcome.
Excluding d/k, I’d set the under/overs bar at Yes 25%. Whadduya recon? Higher or lower?
I don't think Musk is following that strategy at all.
How exciting having a Friendly Society of Secret Owls, like the Tolpuddle martyr’s all over again. 🤗
Happy days.
https://twitter.com/NormEisen/status/1661812835830169605
This model prosecution memorandum (or “pros memo”) assesses the potential charges against former President Donald Trump emanating from his handling of classified documents and other government records since leaving office on January 20, 2021. It includes crimes related to the removal and retention of national security information and obstruction of the investigation into his handling of these documents. The authors have decades of experience as federal prosecutors and defense lawyers, as well as other legal expertise. Based upon this experience and the analysis that follows, we conclude that there is a strong basis to charge Trump...
An interesting read.
Note that Eisen helped draft the rules for handling classified documents.
Other countries made this a condition of licensing for 4G/5G bands, UK nothing.
The next Labour Government needs to get a handle on it.
Luca Bertuzzi
@BertuzLuca
·
22h
Twitter is set to resign from the EU Code of Practice on Disinformation as early as this week, @eaTechEU
has learned. Another sign that the platform might not intend to comply with the #DSA and that its exit from Europe is increasingly likely.
The linked article says that new rules come into effect on August 25th and the easiest solution for Twitter to avoid massive fines would be to leave (and probably block access from) the EU before then.
https://www.euractiv.com/section/digital/news/twitter-set-to-exit-eu-code-of-practice-on-disinformation-sources-say/
I'd say that's pretty good value even though odds-on. Sinn Fein would have won more seats last time if they'd stood more candidates, the three-party coalition government is pretty unpopular, and none of the other opposition parties are making much of an impact.
The government majority is pretty slim, so only a relatively small swing would be required to make a Sinn Fein lead government the only possible option for post-election negotiations, and Fianna Fail will do a deal with SF in return for cabinet posts.
(Disclosure: I've never made a bet because I worry that I have the compulsive nature that would struggle to keep it under control, but I think it's a useful way to think about predicting the future, or analysing the present, which is why I'm here.)
It’s an interesting question, for recession to kill inflation, or against the idea. Up to this point it’s been all “what go’s up just comes down, it’s all going to just disappear, no need for much action” now reality of, it’s going to have to be actively managed down, and there won’t be any gain unless there is some pain. Which I do find refreshing Hunt is actually saying this, because it’s been such a timid government afraid of its own shadow since Sunak got in.
Some people are just being left behind by events, “why are we even talking pain, it will just come down on its own”. Kitchen cabinet, very quick to tell me I’m wrong last night, but I actually agree with the nail they hit right on the head, sneaky price rises they hope to get away with becoming the norm, which fuel inflation, that’s why it needs intervention like Hunt is promising and supporting.
We all cast a shadow, there’s no good in the world without evil.
A champion of and a fan of Brexit, he seems to now be anti-Brexit and insists it is not his fault, despite being a massive proponent of it from way before it was popular. Will Brexiteers ever take responsibly for anything?
Save your ire for those still defending the thing you oppose.
Huzzah!
Twitter was not on the verge of bankruptcy when Musk took over.
It had $6.1bn in cash and short term investments, and was losing about $250m/year.
It would have taken at least a decade before it ran out of cash, and that assumes that management did nothing to stem the bleeding.
Gilts linked to inflation so painful extra payment when inflation goes up, not on a government, it’s pain on all of us really to find this extra payment.
But what else drives gilt cost upward? Correct me where wrong, things went up under Truss it’s the markets essentially saying to UK, we don’t think you are in control so we see you as a liability - the credit agency’s downgrading France very recently is saying, the chaos on your streets we don’t think you are in control, so we see you as a greater risk, and what’s happening to UK this week, it’s markets saying to us, we don’t feel you have control of inflation equal to the game you are talking?
Clearly the Brexiteers don't know how to do Brexit.
https://www.politico.com/news/magazine/2023/05/26/my-pillow-mike-lindell-investigation-00097903
And a two time Trump voter, to boot.
Nor is he the most honest.
There isn't an alternative platform to it.
It's doubly.frustrating that Musk's approach makes no sense from a business perspective. But he's one of richest people on the planet. He can afford to indulge himself.
Is this is the best thinking that can come out of this Labour team hoping to be trusted with government?
https://www.newscientist.com/lastword/mg24532641-300-twit-or-true-are-owls-really-intelligent/
Perhaps they are a good model for certain politicians from the 2019 election.
To twist one of my favourite quotes from "1066 and All That": ‘Starmer spent his declining years trying to guess the answer to the Brexit question; unfortunately, whenever he was getting warm, the Brexiteers secretly changed the question.’
Rishi Sunak races to tighten rules for AI amid fears of existential risk
https://www.theguardian.com/technology/2023/may/26/rishi-sunak-races-to-tighten-rules-for-ai-amid-fears-of-existential-risk
Rishi Sunak is scrambling to update the government’s approach to regulating artificial intelligence, amid warnings that the industry poses an existential risk to humanity unless countries radically change how they allow the technology to be developed.
The prime minister and his officials are looking at ways to tighten the UK’s regulation of cutting-edge technology, as industry figures warn the government’s AI white paper, published just two months ago, is already out of date.
Government sources have told the Guardian the prime minister is increasingly concerned about the risks posed by AI, only weeks after his chancellor, Jeremy Hunt, said he wanted the UK to “win the race” to develop the technology.
Sunak is pushing allies to formulate an international agreement on how to develop AI capabilities, which could even lead to the creation of a new global regulator. Meanwhile Conservative and Labour MPs are calling on the prime minister to pass a separate bill that could create the UK’s first AI-focused watchdog...
Ask TSE about p-hub Station Announcers.
A selfie on the Red Carpet with Harrison Ford doesn't sound bad. Certainly beats one with this years favourite Ken Loach.
I'm hoping Jonathan Glazer does well. A very talented commercials directors and I'm told this one is really good.
PS Like to guess which is older the Cannes Film Festival or the Monaco grand Prix?
Clue. It surprised me.
Sadly our political and administrative class don't agree.
"How smart's an Al, Case?"
"Depends. Some aren't much smarter than dogs. Pets. Cost
a fortune anyway. The real smart ones are as smart as the
Turing heat is willing to let 'em get."
"Look, you're a cowboy. How come you aren't just flat-
out fascinated with those things?"
"Well," he said, "for starts, they're rare. Most of them are
military, the bright ones, and we can't crack the ice. That's
where ice all comes from, you know? And then there's the
Turing cops, and that's bad heat."
"But he doesn't seem to trust that stuff at all."
"It doesn't matter," Lucas said as the Rolls came into view. "He's always been close to the spirit of the thing."
The panic over AI is ridiculous. It is the most important innovation since the internet. It has the opportunity to create (not destroy) thousands of skilled jobs in this country due to our genuine "world beating" (yes genuinely) IT sector. The government should be talking it up, not indulging in Luddite posturing to appeal to the technologically illiterate
What is your view of price-gouging, aka excuseinflation?
and you can't fault the logic because they are looking at the impact of a cut off date and what happened to people that fell on either side of it...
https://twitter.com/PGeldsetzer1/status/1661776663074738176
Which will mean that German policy and hence EU policy will be....
Admittedly there may be limits to nurture over nature, but
If that is your idea of "proper" Brexit, then God preserve us from anything you regard as proper.
https://www.techdirt.com/2023/05/18/eus-new-ai-law-targets-big-tech-companies-but-is-probably-only-going-to-harm-the-smallest-ones/
as well as trying to bring in client side scanning
I would expect governments to continue to regulate this in an AI world. They have even more reason to do so given the power of the data aggregation that is taking place.
It's rare to get such a clean cut off for a regression discontinuity in the real world, outside of things like education, benefit receipt etc.
I haven't read fully, so they may cover this, but any effect could in fact be larger as the relatively recent date of introduction means many in the treated group will nonetheless have been exposed to shingles in later life pre-vaccine (assuming the virus is supposed to be damaging, rather than the vaccine somehow directl protective).
As an aside, Wales has seriously good linked health data through the SAIL databank. Much better than England, probably the best in the UK and by extension probably the best in th world outside of Scandinavia and maybe some parts of Canada and Australia. It's a shame the Wales population is so small that you're quite limited for looking at things that are not relevant to the whole population (not a problem here).
This thread has abdicated
One of the Truss consequences was a perception of higher inflation as a result of more money circulating in the object of going for growth (cutting taxes, not promising spending cuts, energy price guarantee) whilst not fully supporting the bank of england with its interest rates increases as that would have the opposite impact - hence market uncertainty and higher interest rates.
But you are right that it is inflation which is the current problem. But the government would not like a recession just before the general election so it would be hoping that the Bank of England does not increase interest rates too much more.
Historically it was thought that an increase in interest rates only had an impact on inflation 2 years ahead, which suggests that inflation at the time of the general election is already baked into the economic system (subject to external shocks). I'm not sure whether that 2 year period is still relevant in today's economic relationships.
https://www.techdirt.com/2023/05/17/eu-commissioner-heading-push-for-client-side-scanning-continues-to-say-dumb-stuff-in-defense-of-her-terrible-proposal/