mjordan

19.8K posts

mjordan

mjordan

@MaxMBJ

Observer from the crow's nest of life. “I’m just a soul whose intentions are good … O Lord, please don’t let me be misunderstood.”

Katılım Ağustos 2017
226 Takip Edilen292 Takipçiler
mjordan
mjordan@MaxMBJ·
@cenkuygur Hey, Cenk: Israel is our best friend on the globe.
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Cenk Uygur
Cenk Uygur@cenkuygur·
“We’re doing it to help Israel.” Most honest thing Trump ever said. Latest Israeli talking point is, “The war also helps Saudis and rest of the Gulf countries.” Not true, but who cares? Why is it our job to start wars to help Israelis or Saudis? Not the win they think it is.
Disclose.tv@disclosetv

NOW - Trump on Iran war: "We're doing it to help Israel—and to help Saudi Arabia, and to help Qatar and UAE, and you know, Kuwait, and other countries, Bahrain."

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mjordan
mjordan@MaxMBJ·
@SeanTrende What it inevitably invites? You talking about pushback? Trolling? Counterpoints? Hey, I’m going to listen to it because I’m broad minded, honest, fair. Hard to believe some label me as MAGA, eh?
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Sean T at RCP
Sean T at RCP@SeanTrende·
I hesitate to add this given what it inevitably invites, but Stubborn Things has 14 Apple reviews and a perfect 5.0 rating. Great positive feedback on being “fact-based,” “fair-minded,” and “educational” style. Take an hour this weekend and give a listen; you might like it!
Sean T at RCP tweet media
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mjordan
mjordan@MaxMBJ·
@bartonkyle Nice to be validated … our local assembly has been a mostly-preacherless, scripture-reading gathering for forty years.
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Anonymous
Anonymous@YourAnonCentral·
Disgusting moment when China forced school children to hop “gleefully” in front of Jeffrey Epstein’s best friend.
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mjordan
mjordan@MaxMBJ·
@Amy_K_Nelson What was your husband accused of? Are you still under investigation? The system is rigged in favor of prosecutors. I’ll never be impressed with their conviction numbers again.
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Three Year Letterman
Three Year Letterman@3YearLetterman·
Two women just got into a fist fight over who would get the barstool beside me at Beef O’Brady’s
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OSZ
OSZ@OpenSourceZone·
British Prime Minister Keir Starmer tells Parliament he is a “gooner” “Mr speaker I am a gooner”
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Edward Feser
Edward Feser@FeserEdward·
Whatever disagreements one might have with @RepThomasMassie, this is who he is, which is why he must be supported and must win
Edward Feser tweet media
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mjordan
mjordan@MaxMBJ·
@3YearLetterman I'd vote for her over Catturd and I'm a Catturd-ite from way back.
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Michael Tracey
Michael Tracey@mtracey·
I was told by the moderator (nice guy otherwise) that I should apologize to an Asian woman who inexplicably left the panel with about five minutes to go, upon which it was announced that the only "woman of color" had gone, and this should somehow shame the remaining white male panelists. To which I said: "Oh sure, yes, let's all bow down and beg for forgiveness," or something to that effect, because there was no chance I was going to grovel to some random Asian lady just because of her identity traits
Joshua Blanchard@philoshua

@mtracey What do you mean you were told to grovel? I can't even imagine what that is a paraphrase of.

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Ross Douthat
Ross Douthat@DouthatNYT·
I have done the "driving around" test the authors advocate in both the UK and Italy in the last few years; in each case the countryside was beautiful and also *clearly* poorer than American-heartland suburbia. x.com/lugaricano/sta…
Luis Garicano 🇪🇺🇺🇦@lugaricano

We stopped everything to write an answer (link below) to Paul Krugman's two posts of today (one informal, one with a simple model) arguing that Europe is broadly not falling behind the United States. The change measured by the Draghi report, he argues, is mostly due to growth in the technology industry, which has distorted GDP numbers without actually leading to higher standards of living. We should believe our eyes when we walk around France and walk around Mississippi. Krugman is wrong. The measures he uses understate European stagnation. This matters enormously. Divergence with the United States is the strongest evidence for reform in Europe. 1. The growth numbers Krugman compares the United States, France, and Germany at purchasing power parity in current prices. On that measure, France's and Germany's position relative to America has been roughly constant since 2000. But current price comparisons miss productivity gains in sectors where prices fall. If America produces twice as much software while the price of each unit halves, the value of American software output looks unchanged even though the volume has doubled. Most economists therefore use constant prices, which fix the base-year PPP level and apply each country's real output growth on top of it. American output growth has concentrated in tech, where prices have fallen tremendously as productivity rises. In terms of the volume of things produced, America has pulled away from Europe. 2. Is it all the tech industry? Krugman concedes this tech divergence but says it is not welfare-relevant. The American growth lead is an accounting artefact of measuring more iPhones at base-year prices, not a sign that Americans are actually richer, because Europeans buy the same iPhones at the same world prices. This is not the right way to think about the world today, as an earlier Paul Krugman would have argued. His model assumes tradable goods, interchangeable workers, marginal-cost pricing, and no profits. Each assumption fails. Most of what households buy is non-tradable: housing, healthcare, childcare, education. When American tech firms bid workers from haircutting to coding, American haircut wages rise. Germany has no growing tech sector to do the bidding, so German wages stay flat. Technology is not priced at marginal cost. Apple's margins are around 40 percent. Anthropic's inference margins are at 70 percent. The major platforms enjoy network effects, switching costs, and lock-in that hold prices well above what a competitive market would deliver. A large share of the productivity gains in technology stays as profit. A lot of the value of American technology dominance shows up in equity, not in wages. Apple, Microsoft, Nvidia, Alphabet, Meta, and Amazon together are worth $21 trillion, more than the entire combined stock market value of all European stock markets. Around 60 percent of US equity is held by American households. The median French or Spanish household holds almost no equity. The median employee at Meta, a company with almost 80,000 employees, earned $388,000 in 2025. This advantage is not going to go away. Krugman's own 1991 paper, cited in his Nobel prize, showed that comparative advantage in modern industries is produced by increasing returns to scale, specialized labor markets, supplier networks and the agglomeration of suppliers, workers, and ideas in particular places. Once an industry concentrates somewhere, the concentration is self-reinforcing. Europe is being pushed away from the next round of technology industries (AI!). 3. What about inequality? Another retort is that GDP per capita hides substantial inequality, and so even if America is rich on average, this is mostly due to the super wealthy. But despite the US's high pre-tax income inequality, it also achieves higher median incomes than Europe, in part because of such a high base, and in part because it actually redistributes more than many European countries. The cleanest comparison is median equivalised disposable household income: income after cash taxes and transfers, adjusted for household size and purchasing power. According to the OECD's 2021 numbers, the median American earns 30 percent more than the median Dutchman, about 31 percent more than the median German, and about 52 percent more than the median Frenchman. 4. What about hours worked? Krugman points out that while American GDP per person is higher, most of this is because Americans work more. For this divergence to be an hours worked story, Americans must work more relative to Europeans now than they did in 2000. The opposite has happened. Birinci, Karabarbounis, and See in a 2026 NBER paper show that about half of the American-European hours gap that existed in the 1990s has reversed by the end of the 2010s. Americans work fewer hours per person than they did in 2000, while most Europeans work more. 5. Is America not a bad place to live? Walk around Alabama and France: surely the former cannot be substantially richer than the latter? American cities often have poorer centres and richer suburbs or exurbs. European cities preserve richer and more attractive historic cores. A visit to a city as a tourist in America compared with a city in France will leave one having seen different spots on the income distribution. Americans in Europe go to the nicest and richest European cities. Rather than a walking around test, do a driving around test. Go to the periphery of any modern American city and see a level of new-built material wealth that is extremely uncommon in Europe, with thousands of enormous four- or five-bedroom homes. In the South, in places like Nashville and Austin, drive around the downtowns to see hundreds of luxury apartment buildings springing from the ground. This construction boom is replicated virtually nowhere in Europe today. The other question is generational. Housing often costs more in Europe than in the United States, despite the quality of the housing stock generally being much better. Europe has nice city cores but these are inaccessible to young Europeans. Consider the salaries available to entry-level workers. The starting pay for a London police officer is $57,000. In Washington, DC, $75,000. The entry-level Deloitte consultant job in Madrid pays around €28,000, roughly $33,000 per year. In Charlotte, the entry-level Deloitte job pays $63,000. There are many things to dislike about life in America. But relative to 25 years ago, the gap in material wealth has shifted dramatically in America's favor. siliconcontinent.com/p/european-sta…

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mjordan
mjordan@MaxMBJ·
@iowahawkblog Imagine being that runner picking his way through the band.
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David Burge
David Burge@iowahawkblog·
I don't care if Cal is straight up commie, seeing that Cal commie send that pretentious Stanford band fucker to the hospital made this the greatest moment in the history of college football, and it's not even close
GIF
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big sky country enjoyer
big sky country enjoyer@glacier_law·
@MaxMBJ @DouthatNYT I’ve never seen it used to refer to the Dakotas or even Chicago. It’s way more a Michigan/Ohio/Western PA term. Old industrial heartland = present rust belt. You need factories to have rust, after all.
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mjordan
mjordan@MaxMBJ·
From Grok: "The Rust Belt is a geographic and economic region in the northeastern and midwestern United States known for its historical dominance in heavy industry—particularly steel production, automobile manufacturing, coal mining, and related manufacturing—that experienced significant industrial decline starting in the mid-to-late 20th century."
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