@SpeakerPelosi has been advising frontline members to voice their district & do what they need for re-election -- even if it means calling on Biden to step aside. (Her one request: wait until NATO concludes out of respect for the office & Biden)
For other safe-seat members, she's encouraging them to take their desire for him to step aside straight to the WH or campaign to minimize party infighting.
For her part, Pelosi has told some people that Biden won't win and should step aside.
It looks as though Biden and Harris may be approaching crossover on Betfair.
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
While the trend in interest rates was indeed already upwards, Liz Truss's mini-budget added a memorable blip to the graph.
Edit, oh and yes, my dad was paying 15% at one point. But that was on a house that he bought for £20K and which sold for £600K a few years ago.
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
While the trend in interest rates was indeed already upwards, Liz Truss's mini-budget added a memorable blip to the graph.
I don't think it did much to the longer term trend, but it did give opponents a huge stick to beat the Tories with.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
Anyone taking over during the middle of the pandemic would have a similar record.
It is an honour to be appointed Chairman of Reform UK.
Against all odds, under @Nigel_Farage leadership, our people’s movement won 4 million votes, 14% of the vote, elected 5 MPs with 98 second places.
This is just the beginning. The important work of professionalising the party, building national infrastructure and continuing to grow membership has already begun.
I will bring all my expertise, energy and passion to the role to ensure we achieve our mission of returning Great Britain to greatness.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
+1 - I heard a telling story a while back about people not going out to eat as often as they had before because the cost of eating out had risen so much.. And it's things like that people notice way more than anything else...
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
+1 - I heard a telling story a while back about people not going out to eat as often as they had before because the cost of eating out had risen so much.. And it's things like that people notice way more than anything else...
Flattening the income distribution makes the people in the middle feel relatively worse off.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
+1 - I heard a telling story a while back about people not going out to eat as often as they had before because the cost of eating out had risen so much.. And it's things like that people notice way more than anything else...
Flattening the income distribution makes the people in the middle feel relatively worse off.
Doesn't explain relative increase in dinnersoutlessness, though.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
+1 - I heard a telling story a while back about people not going out to eat as often as they had before because the cost of eating out had risen so much.. And it's things like that people notice way more than anything else...
Flattening the income distribution makes the people in the middle feel relatively worse off.
Doesn't explain relative increase in dinnersoutlessness, though.
It does. If the wages for service workers go up, the number of people who can afford to pay them goes down.
I'm reminded of the famous Harold Wilson maxim on this subject.
Before the election, some of the Tory-inclined on here would regularly sound off about how well wages were doing and how the self-employed were coining it in and how that would bring workers back to the Conservative fold.
Back in the real world, I'd argue my standard of living hasn't improved since 2010 - I've run hard to stand still. It's not so much the cost of a pint of milk that's the issue - it's the cost of things like insurance and utilties which have strained the finances. I feel I've been gouged by often foreign-owned companies and my hard earned is going to subsidise people in other countries.
The current model of capitalism has failed - it's not capitalism itself which has failed but how it is being used in the 2020s.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The chaotic withdrawal from Afghanistan definitely emboldened Putin.
But on the other hand, that was just Biden following Trump's plan.
Regarding Israel and Gaza: I do wonder if Putin's hand was involved there too. Russia and Iran are close. And Iran is the main backer of Hamas. It was definitely in Putin's interest to have the West distracted by Israel. Could he have nudged (supplied money) etc? Or am I being paranoid?
But that's about it, no? I mean you could point to China's military build up, but that started long before either Trump or Biden became President.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
+1 - I heard a telling story a while back about people not going out to eat as often as they had before because the cost of eating out had risen so much.. And it's things like that people notice way more than anything else...
Flattening the income distribution makes the people in the middle feel relatively worse off.
Doesn't explain relative increase in dinnersoutlessness, though.
It does. If the wages for service workers go up, the number of people who can afford to pay them goes down.
Yup - in London, going to the pub is now an expensive thing. Too expensive for many young people.
So, can anyone see behind the first statement from Louise Haigh, the Transport Minister:
New Transport Secretary Louise Haigh promised to deliver the biggest overhaul to transport in a generation.
The Secretary of State immediately convened officials to begin work at pace across the department on rail reform, further devolution of bus powers, ensuring infrastructure works for the whole country, and supporting local authorities to fix roads for the long term.
In her first address to Department for Transport (DfT) staff on Monday (8 July 2024), Haigh set out her 5 strategic priorities, putting transport at the heart of mission-driven government.
They include:
improving performance on the railways and driving forward rail reform improving bus services and growing usage across the country transforming infrastructure to work for the whole country, promoting social mobility and tackling regional inequality delivering greener transport better integrating transport networks
Getting straight into action, the Transport Secretary’s first official visit later this week will be focused on plans to deliver better buses in every corner of the country, beginning a round of engagement with Mayors and devolved leaders who will be key delivery partners.
And we have:
The newly-appointed Rail Minister, Lord Hendy of Richmond Hill CBE will also bring decades of experience to help realise the Government’s ambition of transforming infrastructure and improving public transport to deliver for passengers.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
If he couldn't post a jobs rebound taking over in the first Covid January then you really would worry. The stockmarket highs have more than a little to do with inflation figures that not many people are thankful for. Joe can try to run on his record, if he can remember it, but it won't do him much good.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The chaotic withdrawal from Afghanistan definitely emboldened Putin.
But on the other hand, that was just Biden following Trump's plan.
Regarding Israel and Gaza: I do wonder if Putin's hand was involved there too. Russia and Iran are close. And Iran is the main backer of Hamas. It was definitely in Putin's interest to have the West distracted by Israel. Could he have nudged (supplied money) etc? Or am I being paranoid?
But that's about it, no? I mean you could point to China's military build up, but that started long before either Trump or Biden became President.
Russia might have prompted Hamas but all the indications were it took Iran completely by surprise, so not by the mechanism you propose.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
I accept much of Robert’s thesis, but I’d also point out that the Tory polling doesn’t quite fit your description of events here. The Conservatives, as other governments, saw a COVID-19 poll boost initially. I don’t think voters globally did particularly blame incumbents for COVID. What voters didn’t like were, as we all agree, the post-COVID financial shocks.
I note that Tory polling started falling with Partygate and it was a fairly flat line of decline from then until the start of the election campaign, barring the blip down with Truss. So, yes, inflation was a big part of that, but that doesn’t mean Partygate wasn’t part of it as well. All incumbents during this recent period of inflation have been hit in subsequent elections, but not all equally.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
There is, however, a considerable disjunction between the US stock exchange and most voters’ experience of the economy.
The newly-appointed Rail Minister, Lord Hendy of Richmond Hill CBE will also bring decades of experience to help realise the Government’s ambition of transforming infrastructure and improving public transport to deliver for passengers.
Peter Hendy lives and breathes public transport, but the rest appear to be seat-warmers. I would be pleasantly surprised if they achieve any positive changes at all.
From a personal perspective, my fondest transport wish - reform of the hopeless motorcycle licensing system, the proposals for which have been sitting on a DfT shelf since 2016 - now looks vanishingly unlikely to happen.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
+1 - I heard a telling story a while back about people not going out to eat as often as they had before because the cost of eating out had risen so much.. And it's things like that people notice way more than anything else...
Flattening the income distribution makes the people in the middle feel relatively worse off.
Doesn't explain relative increase in dinnersoutlessness, though.
It does. If the wages for service workers go up, the number of people who can afford to pay them goes down.
In that scenario, the wages of service workers would have risen in real terms, while the wages of others would not. And while there has been a small amount of relative outperformance, the wages of service workers have fallen in real terms. (By a fairly staggering 8.5% peak to trough.)
What this tells you is that the principle reason why costs - of food, etc - have risen is not because of paying people more, but because input costs are more expensive, in particular:
(1) Energy is much more expensive than it was (thanks to the Russian invasion of Ukraine) (2) Agricultural products are also much more expensive (same reason, albeit indirectly via the Haber process)
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
So, can anyone see behind the first statement from Louise Haigh, the Transport Minister:
New Transport Secretary Louise Haigh promised to deliver the biggest overhaul to transport in a generation.
The Secretary of State immediately convened officials to begin work at pace across the department on rail reform, further devolution of bus powers, ensuring infrastructure works for the whole country, and supporting local authorities to fix roads for the long term.
In her first address to Department for Transport (DfT) staff on Monday (8 July 2024), Haigh set out her 5 strategic priorities, putting transport at the heart of mission-driven government.
They include:
improving performance on the railways and driving forward rail reform improving bus services and growing usage across the country transforming infrastructure to work for the whole country, promoting social mobility and tackling regional inequality delivering greener transport better integrating transport networks
Getting straight into action, the Transport Secretary’s first official visit later this week will be focused on plans to deliver better buses in every corner of the country, beginning a round of engagement with Mayors and devolved leaders who will be key delivery partners.
Thoughts?
Revolutionary. Why did no one think of just improving things, telling civil servants to work faster, or "engaging with key delivery partners" before?
The newly-appointed Rail Minister, Lord Hendy of Richmond Hill CBE will also bring decades of experience to help realise the Government’s ambition of transforming infrastructure and improving public transport to deliver for passengers.
Peter Hendy lives and breathes public transport, but the rest appear to be seat-warmers. I would be pleasantly surprised if they achieve any positive changes at all.
From a personal perspective, my fondest transport wish - reform of the hopeless motorcycle licensing system, the proposals for which have been sitting on a DfT shelf since 2016 - now looks vanishingly unlikely to happen.
Lilian Greenwood has been specialising in transport for quite some time, not just a seat warmer
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
The phrase “Trump’s dangerous vaccine” gets a mere three hits on Google.
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
Yet the inflation spike was in 2022 and the Tory ratings began falling sharply in 2021.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
There were definitely reports that framed the rush to develop a vaccine as risky:
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
There were definitely reports that framed the rush to develop a vaccine as risky:
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
Yet the inflation spike was in 2022 and the Tory ratings began falling sharply in 2021.
That's when Sunak betrayed the manifesto and increased National Insurance.
Which prompted me to write a thread header on the same day, published the next day, on why I was quitting the Tories.
So, can anyone see behind the first statement from Louise Haigh, the Transport Minister:
New Transport Secretary Louise Haigh promised to deliver the biggest overhaul to transport in a generation.
The Secretary of State immediately convened officials to begin work at pace across the department on rail reform, further devolution of bus powers, ensuring infrastructure works for the whole country, and supporting local authorities to fix roads for the long term.
In her first address to Department for Transport (DfT) staff on Monday (8 July 2024), Haigh set out her 5 strategic priorities, putting transport at the heart of mission-driven government.
They include:
improving performance on the railways and driving forward rail reform improving bus services and growing usage across the country transforming infrastructure to work for the whole country, promoting social mobility and tackling regional inequality delivering greener transport better integrating transport networks
Getting straight into action, the Transport Secretary’s first official visit later this week will be focused on plans to deliver better buses in every corner of the country, beginning a round of engagement with Mayors and devolved leaders who will be key delivery partners.
Thoughts?
Revolutionary. Why did no one think of just improving things, telling civil servants to work faster, or "engaging with key delivery partners" before?
Fine words butter no parsnips. Labour are mouthing plenty of stuff but will it ever amount to anything other than verbal diarrhea
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
Most of their own commentary was wiped from the internet a few months later, but the gist of it was they thought that Trump’s accelerated plan was prioritising the election date over the safety case.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
Most of their own commentary was wiped from the internet a few months later, but the gist of it was they thought that Trump’s accelerated plan was prioritising the election date over the safety case.
Most 65+ year olds have retired. They know it costs money to have an extra bank holiday and don't like the idea of having to pay when they get nothing for it.
How much will it cost Lord’s if they have to refund three days of ticket sales, and eat the cost of a whole load of F&B they ordered in expecting at least three days’ play?
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
what kind of mumbo jumbo bollox is that.
No worse, Malc, than some other non sequitour concludions drawn elsewhere.
How much will it cost Lord’s if they have to refund three days of ticket sales, and eat the cost of a whole load of F&B they ordered in expecting at least three days’ play?
Not sure. I usually get a ticket for the final day because it's only £25 whereas you pay £160 for the other days.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
People do, in general, underweight randomness as a factor in the outcomes of most things.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
Wages are rising, but people are still worse off than four years ago.
"Vay-ges ah rising, but pee-pul ah still verce off dan four years ago."
How much will it cost Lord’s if they have to refund three days of ticket sales, and eat the cost of a whole load of F&B they ordered in expecting at least three days’ play?
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The chaotic withdrawal from Afghanistan definitely emboldened Putin.
But on the other hand, that was just Biden following Trump's plan.
Regarding Israel and Gaza: I do wonder if Putin's hand was involved there too. Russia and Iran are close. And Iran is the main backer of Hamas. It was definitely in Putin's interest to have the West distracted by Israel. Could he have nudged (supplied money) etc? Or am I being paranoid?
But that's about it, no? I mean you could point to China's military build up, but that started long before either Trump or Biden became President.
I think Putin just rolls the dice on disrupting the West wherever and whenever he can, and sometimes he gets lucky.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
Like record manufacturing investment ? That just happened all in its own, I suppose ?
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
It is an honour to be appointed Chairman of Reform UK.
Against all odds, under @Nigel_Farage leadership, our people’s movement won 4 million votes, 14% of the vote, elected 5 MPs with 98 second places.
This is just the beginning. The important work of professionalising the party, building national infrastructure and continuing to grow membership has already begun.
I will bring all my expertise, energy and passion to the role to ensure we achieve our mission of returning Great Britain to greatness.
Oh dear. I think we know where that last bit is going with the tiniest of edits.
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
I accept much of Robert’s thesis, but I’d also point out that the Tory polling doesn’t quite fit your description of events here. The Conservatives, as other governments, saw a COVID-19 poll boost initially. I don’t think voters globally did particularly blame incumbents for COVID. What voters didn’t like were, as we all agree, the post-COVID financial shocks.
I note that Tory polling started falling with Partygate and it was a fairly flat line of decline from then until the start of the election campaign, barring the blip down with Truss. So, yes, inflation was a big part of that, but that doesn’t mean Partygate wasn’t part of it as well. All incumbents during this recent period of inflation have been hit in subsequent elections, but not all equally.
The big mistakes weren't made when Covid was around - the overall responses initially at least were very popular and we know people rally to Governments during times of crisis and the Opposition is muted.
The problems began as we came out of Covid - why did no one realise there would be a surge in demand once people were "unlocked" and why did no one recognise the consequences of it happening unevenly and the impact on global supply chains?
A more phased unlocking might have helped but all that demand pumped into the economy in one big splurge had only one effect - inflation. This was compounded by the supply shock of the Russian invasion of Ukraine and the supply chains were put under inordinate stress.
Inflation eventually wore down the cash reserves which had accumulated during the pandemic but the global supply impacts have continued - oil is $80-85 a barrel in summer now.
When you have economies based on consumption and people stop or are forced to stop consuming, you get big problems. You also get big problems when, to quote the late Freddie Murcury "they want it all and they want it now".
Bizarre kite to fly - impossible to do the following day and weirdly after the Lord Mayors any later
Next day is utterly impossible, only day to make sense would be to pick a date a month or so later to have as a bank holiday and have a victory parade/celebrations then.
Lilian Greenwood has been specialising in transport for quite some time, not just a seat warmer
I did a bit of research and can't find a single interesting or innovative proposal from her. At all.
Everything I read indicates she is the kind of person who sees value in developing a framework for government and stakeholders to make informed decisions about future initiatives aimed toward achieving the opportunity for positive outcomes in the transport sector, particularly with regard to disenfranchised groups.
“Can you imagine what it would feel like to wake up on November 6 and discover that a plurality of Americans chose the insurrectionist who attempted a coup?
Imagine what such an administration would be emboldened to do.”
Two-thirds of Americans in a new ABC News/Washington Post/Ipsos poll – including a majority of Joe Biden’s own supporters – say he should step aside as his party’s presumptive nominee for president given his debate performance two weeks ago. That’s even as Biden continues to run evenly with Donald Trump, with no meaningful post-debate change in vote preferences.
Americans divide 46-47% between Biden and Trump if the election were today,
Agree re the header. For all those who have banged on endlessly about how rubbish the Tories have been, and how its all about Partygate and Brexit, in reality the biggest factors by far have been the response to Covid and Ukraine. Combined the two led to huge spikes in inflation after 15 years with historically low figures. People became used to low interest rates were shocked, shocked that outside effects could mean they need to pay more for their mortgage. Anyone older than 40 would know that and those 55 and older will bang on about 15% interest rates.
Yet the inflation spike was in 2022 and the Tory ratings began falling sharply in 2021.
That's when Sunak betrayed the manifesto and increased National Insurance.
Which prompted me to write a thread header on the same day, published the next day, on why I was quitting the Tories.
The polls started turning after that.
The rot set in when the public heard that you'd left the party?
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
There were definitely reports that framed the rush to develop a vaccine as risky:
Ummm: that piece - from the very liberal PBS - is extremely positive on the vaccine. Sure, they add a few things for balance in there, but the tone is "90% effective", "great joy", etc.
How much will it cost Lord’s if they have to refund three days of ticket sales, and eat the cost of a whole load of F&B they ordered in expecting at least three days’ play?
Not sure. I usually get a ticket for the final day because it's only £25 whereas you pay £160 for the other days.
How much will it cost Lord’s if they have to refund three days of ticket sales, and eat the cost of a whole load of F&B they ordered in expecting at least three days’ play?
Not sure. I usually get a ticket for the final day because it's only £25 whereas you pay £160 for the other days.
Yes, Lord’s are unusual in selling D5 tickets. Most grounds don’t, and sell them on the door if necessary.
My theory is that the residents of St John’s Wood don’t like the idea of thousands of the ‘wrong type’ of people starting to queue up the night before!
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
Most of their own commentary was wiped from the internet a few months later, but the gist of it was they thought that Trump’s accelerated plan was prioritising the election date over the safety case.
On topic: Real wages look quite good for Biden(Harris) at the moment. Are we sure that the economics are a problem in the US as they are elsewhere? Still got a few months to go.
The numbers of jobs created under Biden have been remarkable. The Stock Exchanges are at record highs.
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
The world has got much more dangerous under Biden. There were no horrible wars under Trump
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
The world was much more dangerous under Trump.
It was under him we had a global pandemic and lockdowns.
It was also under him the Vaccines were developed, and the announcement of that fact was deferred until the week after the election.
That was the odd thing about the last US election. Trump had a good story to tell about the pandemic, and his and VP Pence's role in combating it, but because Trump was running scared of the alt-right covid conspiracy nuts, he did not make that case.
One of Trump’s personal proud achievements in office was “Operation Warp Speed”, the US code name name for the accelerated development and approval of the Covid vaccines. Almost every time he mentions it at his rallies, a significant proportion of the the crowd boos loudly.
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
Did the liberal media really shout about "Trump's dangerous vaccine"?
Could I see some links?
Most of their own commentary was wiped from the internet a few months later, but the gist of it was they thought that Trump’s accelerated plan was prioritising the election date over the safety case.
It is an honour to be appointed Chairman of Reform UK.
Against all odds, under @Nigel_Farage leadership, our people’s movement won 4 million votes, 14% of the vote, elected 5 MPs with 98 second places.
This is just the beginning. The important work of professionalising the party, building national infrastructure and continuing to grow membership has already begun.
I will bring all my expertise, energy and passion to the role to ensure we achieve our mission of returning Great Britain to greatness.
Oh dear. I think we know where that last bit is going with the tiniest of edits.
Comments
Edit, oh and yes, my dad was paying 15% at one point. But that was on a house that he bought for £20K and which sold for £600K a few years ago.
Using real deceased people's identities for their undercover officers. But not just babies', Day of the Jackal style: actual adults'.
https://www.theguardian.com/uk-news/article/2024/jul/11/undercover-police-public-inquiry-identity-michael-hartley-frank-bennett
All Trump can do is talk down America. Because there's only one with a track record of making America great again.
It is an honour to be appointed Chairman of Reform UK.
Against all odds, under @Nigel_Farage leadership, our people’s movement won 4 million votes, 14% of the vote, elected 5 MPs with 98 second places.
This is just the beginning. The important work of professionalising the party, building national infrastructure and continuing to grow membership has already begun.
I will bring all my expertise, energy and passion to the role to ensure we achieve our mission of returning Great Britain to greatness.
Coincidence? Bad luck? Maybe. But then all the good things that happened under Biden might be down to luck and coincidence as well
I'm reminded of the famous Harold Wilson maxim on this subject.
Before the election, some of the Tory-inclined on here would regularly sound off about how well wages were doing and how the self-employed were coining it in and how that would bring workers back to the Conservative fold.
Back in the real world, I'd argue my standard of living hasn't improved since 2010 - I've run hard to stand still. It's not so much the cost of a pint of milk that's the issue - it's the cost of things like insurance and utilties which have strained the finances. I feel I've been gouged by often foreign-owned companies and my hard earned is going to subsidise people in other countries.
The current model of capitalism has failed - it's not capitalism itself which has failed but how it is being used in the 2020s.
But on the other hand, that was just Biden following Trump's plan.
Regarding Israel and Gaza: I do wonder if Putin's hand was involved there too. Russia and Iran are close. And Iran is the main backer of Hamas. It was definitely in Putin's interest to have the West distracted by Israel. Could he have nudged (supplied money) etc? Or am I being paranoid?
But that's about it, no? I mean you could point to China's military build up, but that started long before either Trump or Biden became President.
Not the figures of someone who is done...
It was under him we had a global pandemic and lockdowns.
https://www.bbc.co.uk/sport/tennis/live/c6pp2llm5krt
So, can anyone see behind the first statement from Louise Haigh, the Transport Minister:
New Transport Secretary Louise Haigh promised to deliver the biggest overhaul to transport in a generation.
The Secretary of State immediately convened officials to begin work at pace across the department on rail reform, further devolution of bus powers, ensuring infrastructure works for the whole country, and supporting local authorities to fix roads for the long term.
In her first address to Department for Transport (DfT) staff on Monday (8 July 2024), Haigh set out her 5 strategic priorities, putting transport at the heart of mission-driven government.
They include:
improving performance on the railways and driving forward rail reform
improving bus services and growing usage across the country
transforming infrastructure to work for the whole country, promoting social mobility and tackling regional inequality
delivering greener transport
better integrating transport networks
Getting straight into action, the Transport Secretary’s first official visit later this week will be focused on plans to deliver better buses in every corner of the country, beginning a round of engagement with Mayors and devolved leaders who will be key delivery partners.
And we have:
The newly-appointed Rail Minister, Lord Hendy of Richmond Hill CBE will also bring decades of experience to help realise the Government’s ambition of transforming infrastructure and improving public transport to deliver for passengers.
In addition, the Prime Minister has announced the appointment of new ministers at the Department, including Future of Roads Minister Lilian Greenwood MP, Local Transport Minister Simon Lightwood MP, and Aviation, Maritime, and Security Minister Mike Kane MP.
https://www.gov.uk/government/news/transport-secretary-sets-out-5-key-priorities-to-deliver-the-biggest-overhaul-to-transport-in-a-generation
Thoughts?
I note that Tory polling started falling with Partygate and it was a fairly flat line of decline from then until the start of the election campaign, barring the blip down with Truss. So, yes, inflation was a big part of that, but that doesn’t mean Partygate wasn’t part of it as well. All incumbents during this recent period of inflation have been hit in subsequent elections, but not all equally.
Not Googled or espned that..
From a personal perspective, my fondest transport wish - reform of the hopeless motorcycle licensing system, the proposals for which have been sitting on a DfT shelf since 2016 - now looks vanishingly unlikely to happen.
Jimmy Anderson on the list
It’s an example of the contrarianism and polarisation seen by both sides in US politics, and the change in leadership happened just as the vaccine rollout started. The liberal media switched almost overnight from “Trump’s dangerous vaccine” to “Biden’s wonderful vaccine”.
What this tells you is that the principle reason why costs - of food, etc - have risen is not because of paying people more, but because input costs are more expensive, in particular:
(1) Energy is much more expensive than it was (thanks to the Russian invasion of Ukraine)
(2) Agricultural products are also much more expensive (same reason, albeit indirectly via the Haber process)
Could I see some links?
https://www.pbs.org/newshour/show/the-risks-and-rewards-of-operation-warp-speeds-approach-to-vaccines
All Britons
Yes: 39%
No: 51%
18-24 year olds
Yes: 55%
No: 32%
65+ year olds
Yes: 18%
No: 73%
https://yougov.co.uk/topics/society
Why are our old people so miserable?
Which prompted me to write a thread header on the same day, published the next day, on why I was quitting the Tories.
The polls started turning after that.
Here’s Kamala Harris saying that she won’t take a vaccine if Trump says to do so. https://m.youtube.com/shorts/Iks_qLgnmrY
Although I’m all for public holidays; the only trouble is that someone has to catch up on them!
Rule number one of the internet is that nothing gets wiped from it.
2.72
Yesterdy afternoon it was 1.5.
I think the end is nigh
https://www.bbc.co.uk/news/articles/cd197zdxv52o
The market is very jumpy on any poor news for him, and always has been.
It doesn't mean that anyone "knows" anything.
That just happened all in its own, I suppose ?
The problems began as we came out of Covid - why did no one realise there would be a surge in demand once people were "unlocked" and why did no one recognise the consequences of it happening unevenly and the impact on global supply chains?
A more phased unlocking might have helped but all that demand pumped into the economy in one big splurge had only one effect - inflation. This was compounded by the supply shock of the Russian invasion of Ukraine and the supply chains were put under inordinate stress.
Inflation eventually wore down the cash reserves which had accumulated during the pandemic but the global supply impacts have continued - oil is $80-85 a barrel in summer now.
When you have economies based on consumption and people stop or are forced to stop consuming, you get big problems. You also get big problems when, to quote the late Freddie Murcury "they want it all and they want it now".
@maggieNYT
·
14m
NEW: The Biden team tests Harris strength against Trump.
@reidepstein
@ShaneGoldmacher
@llerer
me
https://x.com/maggieNYT/status/1811433963208188380
Everything I read indicates she is the kind of person who sees value in developing a framework for government and stakeholders to make informed decisions about future initiatives aimed toward achieving the opportunity for positive outcomes in the transport sector, particularly with regard to disenfranchised groups.
Imagine what such an administration would be emboldened to do.”
https://x.com/BillKristol
I suggest they get used to the idea, because unless the Dems see sense in the next month...
Americans divide 46-47% between Biden and Trump if the election were today,
https://abcnews.go.com/Politics/biden-age-campaign-poll/story?id=111825221
My theory is that the residents of St John’s Wood don’t like the idea of thousands of the ‘wrong type’ of people starting to queue up the night before!
Keir Starmer ‘went too far’ by confirming use of Storm Shadow missiles inside Russia
Defence sources said that they were ‘disappointed’ the Prime Minster had allowed the conversation with President Zelensky to be made public
https://www.telegraph.co.uk/world-news/2024/07/11/starmer-ukraine-british-storm-shadow-missiles-russia/