len guenther

I don't imagine there are many settlers who didn't grow up near a residential school and/or Indian Hospital -- I attended high school a 15 min walk from Coqualeetza (residential school, 1886-1940; Indian Hospital, 1940-69). Imagine revisiting yr family history w/ this evidence.

It's actually enraging how the World Bank can suddenly change its mind about industrial policy like "Oops, for the past 45 years we systematically prevented you from using the most obvious tool for sovereign development, keeping you stuck in poverty and dependency, lol".

In a new major report, the World Bank conceded that its decades-long war on industrial policy was wrong, saying its old advice “has not aged well — it has the practical value of a floppy disk today.” But this is not an intellectual awakening. The World Bank's doctrine shifted because the means through which Western nations can maintain their dominance shifted — not because economists suddenly discovered new evidence. The world’s wealthiest nations are now pursuing industrial policy so openly that it can no longer be denied to the rest of the world. When the geopolitical winds shift, so does the ideology of institutions where wealthy nations' interests are deeply entrenched.

this is a good idea has anyone tried this

@barua_ashish Good Q -- Steve Keen's recent podcasts re Keynes' bancor plan are helpful. So is Richard Kozul-Wright's Rupture, What Rupture? Together they map out the institutional setting of the post-WW2 imperial order whose impacts on non-industrialized nations Fadhel Kaboub describes.

Everyone keeps screaming about “de-dollarisation” like it’s some sudden rebellion, but almost no one bothers to ask the obvious question: why did dollarisation happen in the first place? Was it some natural economic evolution, or was it a carefully constructed political project backed by power, coercion, and post-war dominance? #MMT

Very interesting from @alex_callinicos In 1945, the US economy produced about half of world manufacturing output. Whereas “in 2024, China accounted for almost 30 percent of global manufacturing value added…compared with…about 10 percent for the US”. socialistworker.co.uk/alex-callinico…

Branko Milanovic on the utter inapplicability of John Rawls’s liberalism to the current political environment: press.uchicago.edu/ucp/books/book…

Central banks can and do intervene to bring down yields if "the market" transacts government bonds at prices the central bank does not like. They buy government bonds by crediting the seller's account at the central bank. If necessary, they can buy up all government bonds.

Breaking: The WNBA Board of Governors has unanimously voted to ratify the terms of the new CBA, per source. The agreement has now been ratified by both the WNBPA and the league, and both sides must now complete the long-form document.

"What is noticeable in the recent surge of rupture rhapsodies is their unwillingness to engage with the multilateral principles forged during the first half of the 1940s" -- Richard Kozul-Wright.

Banks don't intermediate $ in reserve accounts at the Fed to provide finance for US households and firms. Also, the fiscal deficit is a statistic and cannot be "funded". The petrodollar narrative is built on flawed theories of how money works in banks and the US government.

Everyone criticizes this, but she’s right: the dollar’s key currency status (and alleged overvaluation) didn’t cause the deficits, so devaluation isn’t necessary and wouldn’t reverse deindustrilialization

I am an economist, not a political commentator. But what is happening right now sits at the exact intersection of geopolitics and economic collapse that I have spent my career studying.

@DayDreamThis Maybe not to the same extent, but Auriemma hasn't been the same since losing in 2024 either. It's as if that loss put his legacy into question, and now he's determined to kill every other WBB program to the end of his days.

Go search for the quote. There's video where she was questioning life. I have never ever seen a college player do that to a coach. Ever. On the opposition side. Certainly not one who won championships.

Caitlin in 2023 went against #6 defense Georgia (like top 2 final weeks) 22 and 12 went against #16 defense Colorado, they stuck Jaylyn Sherrod on her, threw the kitchen sink 31 and 8 went against #2 defense South Carolina 41 and 8 Staley still has nightmares of this game

"Most finance goes back into finance, insurance and real estate rather than into productive uses. The acronym for this is FIRE (finance, insurance, real estate)" -Mariana Mazzucato

@wyatt_browdy Let's not insult the Fabians.

Jacobin should change its name to Fabian

A group of teachers in Toronto’s Parkdale neighbourhood are rallying in support of tenants on rent strikes, citing concerns about the impact of potential above-guideline rent increases on students. #Parkdale #Toronto nowtoronto.com/news/parkdale-…

Let me explain what just happened 👇 5 minutes before the President announced a halt to attacks on Iran… someone placed a $1.5 BILLION bet on stocks going up and dumped $192 million in oil. 5 minutes… These trades were 4 to 6 times larger than anything else in the entire market. Whoever did this wasn’t guessing. You don’t risk $1.5 billion on a hunch. There was zero public indication this announcement was coming. No leaks. No press. Nothing. The only people who knew were in the room when the decision was made. Someone in that room picked up a phone. And within minutes they made more money than most Americans will earn in a thousand lifetimes. In a single trade. On a war that cost you $4+ a gallon gas and $16 billion in tax dollars. American citizens funded this war. Politicians are profiting from it. This is not the first time. Every major announcement from this administration has had massive suspicious trades right before it dropped. Tariff reversals. Policy shifts. War decisions. This is the most blatant insider trading operation in the history of American politics. It’s not even close. And it’s happening over and over in broad daylight. You would go to federal prison for trading on a tip from your cousin. These people are front running war decisions with billion dollar bets and nobody will ever ask a single question. Nobody will be investigated. Nobody will be charged. By tomorrow this will be buried under the next satisfying headline. Just like last time. And the time before that. The game is rigged. And they’re not even trying to hide it anymore…

Reflections on the US and democracy at 250: “How can a nation founded on the homelands of dispossessed Indigenous peoples be the world’s most exemplary democracy? This question haunts America…Among historians, silence, has been the most common response…”

What a super-fun player to watch:

Diana Taurasi on Caitlin Clark wearing No. 12 for Team USA (plus whether she or Sue Bird had a hand in making that happen): “I couldn't think of anyone better to take it… No one better to wear the 12, and Caitlin's going to put some gold medals on that jersey.”