politicalbetting.com » Blog Archive » And this afternoon Mr. Corbyn’s big speech..

Another beautiful pic of Corbyn from Charlie Bibby, copyright FT pic.twitter.com/zAki7VgYd1
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Another beautiful pic of Corbyn from Charlie Bibby, copyright FT pic.twitter.com/zAki7VgYd1
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Success equals performance minus anticipation.
The anticipation for Mr Corbyn is very poor.
So long as he doesn't propose making Gerry Adams Northern Ireland secretary and doesn't insult the Queen, it'll be a successful speech.
This is a good read from The Register:
Dear do-gooders, you can't get rid of child labour just by banning it
(re-post)
Fairly typical day out really
Will he be reading an autocue?
@tnewtondunn: ...Corbyn speech: "Some people have property and power, class and capital, status and clout which are denied to the many".
@tnewtondunn: ...Corbyn speech: "Time and time again, the people who receive a great deal tell the many to be grateful to be given anything at all".
Doesn't excuse the rest of JC's bollox though.
I wish some politician had the balls to say those complaining about low wages and foreigners taking their jobs are in fact lazy work shy Brits.
If a Pole who can barely speak English can take your job then you aren't the brightest bulb in the chandelier.
The argument is that, since globalization started, with the migration of Western corporations' factories to low labour-cost countries, it has introduced a massive influx of labour into the (effectively Western) market. This has pushed down the price of labour relative to capital, resulting in greater returns on capital and hence the high executive/bankers' remuneration.
The argument continues that now, given that the West has pretty much absorbed or will relatively soon absorb the under-utilized labour of India, China and the largest developing countries, that process will start going into reverse. Labour's value relative to capital will increase, returns on investment will decrease and inequality will reverse its trend.
Not an economist, so not in a position to judge this thesis' premise and the evidence, but found it interesting nonetheless.
http://www.imf.org/external/pubs/ft/issues11/
Waving a 'Kinnock at electors fist' to the real world.
Lefty idealogues will surely swoon over it.... Polly's next piece will be a treat.
Do I spend 50 mins listening to platitudes in the background???
http://youtu.be/9EYUkV-SHFw
Worthy of more detailed analysis.
I think labour could get a poll bounce.
That he had no knowledge of the memo before it was published.
That he was not involved in leaking the memo.
From the court's statement today and the requests they're making for further information, his only likely hope is that the court rules that the lies did not effect the return of a candidate or that they did not effect his personal character.
His majority is too small for the first one to have much chance. So basically he will be arguing that lying to win an election is not a reflection on his personal character. Perhaps there is some grounds there if he can establish that most people think "all politicians are liars" to start with?
Worthy of more detailed analysis.
Author Information
Matthew J. Slaughter is an assistant professor at Dartmouth College, a faculty research fellow at the National Bureau of Economic Research, and a visiting fellow at the Institute for International Economics. He graduated from the University of Notre Dame and received a Ph.D. from the Massachusetts Institute of Technology. He wrote this paper while a visiting scholar at the IMF.
Phillip Swagel is an economist in the World Economic Studies Division of the International Monetary Fund. He graduated from Princeton University and received a Ph.D. from Harvard University. Before joining the IMF, he was an economist at the Federal Reserve Board and a visiting assistant professor at Northwestern University.
How about you provide some analysis rather than ad hominem tripe?
http://www.usnews.com/news/articles/2013/01/31/economists-immigrants-actually-boost-wages
But so does everyone else, like trickle down economics.
In all changes, there are winners (the majority when we're talking about free trade) and losers. Within a given industry where many jobs have migrated to low wage countries, I don't see how you can argue that, within that industry, it does not depress wages. It's simple supply and demand.
And if insufficient jobs are created in other industries, it will depress wages in general. If it hasn't, then it means we've created those other jobs. I am not totally convinced by the evidence you cite - if you are aggregating wages from the new high wage knowledge industries with those of the industries hit by globalization, that will tend to mask the wage-depressing effects of globalization happening in the latter.
However, globalisation has been enormously beneficial for a lot of poor countries, and we shouldn't wish to keep people poor (where being poor can mean starvation) simply in order to boost our own standard of living.
But, I do think the IMF are being a bit like Dr. Pangloss.
What a pathetically low bar and what an indictment of Labour that it has elected as leader a man whose views people are right to be afraid of and to be contemptuous of.
strong for the early afternoon.
Now I'm sure Angela Eagle just told Andrew Neil 'you won't get any bullshit from me.' I'm starting to worry about my hearing.
I'm worried about Labour's ground game.
Comrades: cheer
Comment about England winning ashes: dead silence
Comment about womens' football team: cheer
Comment about rugby: dead silence
Comment about BBC: resounding cheer
Metropolitan liberal elite, anyone?
http://www.kentucky.com/2015/09/26/4058369_death-watch-for-rand-paul-campaign.html?rh=1
The lies are that he says he didn't leak. Yeah well whoopdy shit. Sorry if I can't get excited about this piffle.
Not like he committed mortgage fraud or anything...
That is only the question if you believe that what is potentially available (ie the size of the cake) is much larger than what is available now.
If it isn't, Jezza is right.
However, globalisation has been enormously beneficial for a lot of poor countries, and we shouldn't wish to keep people poor (where being poor can mean starvation) simply in order to boost our own standard of living.
But, I do think the IMF are being a bit like Dr. Pangloss.
Pretty much what I said earlier. That is an IMF propaganda piece, that highlights the best and ignores the worst. A high-level macro view with no granularity.
The litle 'uns been asleep for the past few hours, so I've taken the opportunity to finish off Andy Weir's 'The Martian' before I hopefully go to see the film later in the week.
If you're into hard science fiction, then you really should read it. It was truly an excellent book, and knocks 'The Ice Twins' off the number one slot for best books I've read this year (sorry, Sean).
For anyone who has not heard of it, it is about an astronaut, Mark Watney, who gets stranded on Mars and has to improvise to survive. It may sound boring, but the author's done a good job of making Watney extremely likeable.
It should also make an excellent film.
Although for best pure fiction, it has to be the book I read where Jeremy Corbyn becomes Labour leader. What? You're telling me that it wasn't the product of the imagination of a particularly fevered author? It really happened?
http://www.buzzfeed.com/alexkasprak/the-story-of-andy-weir
Well you could turn that around and say why do they feel they are able to keep from us a giant multiple of what they will ever need?
Lying potentially does if it is established that : -
1. The law applies to the candidate themselves and not only opponents.
2. The lie impacts on the personal character of the candidate.
3. The outcome of the election was affected.
Now the first ruling on point one has just been made and Carmichael is fooked. Whether you are excited or not is pretty much irrelevant. The first of three tests has been ruled on and Carmichael lost.
Carmichael will now have to take the stand, admit in court on national TV that he lied and try to weasel out how that lie didn't impact points 2 and 3. Even if he is successful the damage will be terminal for his career.
You don't need to accept Corbyn's mad economic policies to agree that the explosion of Chief Executives' salaries, in comparison to the salaries of the average worker, has not been matched by any improvement in corporate performance.
No deniers on PB surely.
Or has it been obtained through rent-seeking, exploitation of political connections, and the creation of cartels? It's far more reasonable to tax the latter than the former.
Edit: et voila - namechecks Guantanamo and criticises the Cons...
Labour Press Team Retweeted
Arj Singh @singharj 4 mins4 minutes ago
Corbyn says his leadership will not be about message discipline and then repeats the conference slogan "straight talking, honest politics"
"Only people NOT standing for Corbyn was this press section. Rest gave a few mins standing ovation."
twitter.com/DrJackMonroe/status/648851738091503616