Sam Cryer

@thameswater hi, no water in E2

To save the British tax payer the already massively inflated cost of £3000/month to house an asylum seeker, they are spending £166,000 per month on housing that same asylum seeker on a barge. Let me repeat that. £166,666.00 per month, PER PERSON. That's Tory economics. /1

Welcome to the future. All brought to you by oil companies, politicians, the media and public apathy #JustStopOil #MauiFires

@jennyhillBBC Hi Jenny, just saw your BBC report. Very informative about the fires. I’m absolutely astounded though there was no mention of the climate… how will people know unless you and the BBC actually report it? It sounds extreme, but I believe this lack of reporting is truly negligent.

An encouraging day in Southern Portugal as authorities say wildfire is under control. A thousand firefighters still tackling the fire which isn’t yet out. Concerns remain that winds could reinvigorate the fire.

Grant Shapps literally imposed ULEZ implementation as a condition of TFL getting extra funding support at the height of the pandemic. And now he has the barefaced gall to accuse Sadiq Khan and Labour of imposing ULEZ, ie doing exactly as instructed by him. No shame. None.

Rishi Sunak flew London to Blackpool in a 14-seat RAF jet, it would have taken 3 hrs by train. He did the same to Leeds, which is 2.5 hrs by train Private jets are 14 times more polluting than commercial planes; 50 times more than trains Politicians don’t care about the climate

This video calling out the Prime Ministers bull**** on public sector pay got over 200,000 views overnight & has suddenly been deleted! So here it is again. Share it far & wide! Let’s make sure the country knows the TRUTH

1/ Here's a🧵on why the record shattering extremes in Europe are so unsettling for climate scientists. It's increasingly looking that we've underestimated the impacts of #ClimateBreakdown... twitter.com/WxNB_/status/1…

10 years ago, Allan Savory gave a TED Talk and sparked a global craze about healing the climate with ranching. His claims have been exhaustively refuted, but not many have asked — where does this myth originate? Join me for a horrifying history. 🐘🧵 authorrise.org/blogpost/18d58…

Norway has a £1 trillion + wealth fund for ordinary people, built over many years by taxing fossil fuel giants at 78%. Last year alone Norway collected $89bn in tax from fossil fuel giants. They then used that fund to pay people’s energy bills. There is another way.

Olive oil up 46.9%
Cheese 33.4%
Eggs 28.8%
Low-fat milk 28.5%
Pasta & couscous 28.5%
Flours & cereals 23.6%
Jams & honey 22.9%
Fish 16.6%
Bread 15.3%
Butter 14.1%
Fruit 11.2% Don’t tell us inflation is 8.7%. For ordinary people it’s over 20% and out of control.

We might soon start the deportation of unaccompanied children. Unaccompanied children. theguardian.com/world/2023/mar…

Once it becomes acceptable in the UK to imprison people without any court process, knowing that some of them are not only innocent of any crime but are fleeing persecution, where will it end?

My @SkyNews interview exposing Braverman’s lies is approaching 2 million views. This is democracy in action. #BritainIsBetterThanTheTories twitter.com/BestForBritain…

The MOTD saga has shown failure at the top of the BBC and the need to urgently protect its independence. We need leadership that can uphold British values and withstand Conservative attacks. Under Richard Sharp’s leadership this hasn't been the case. He must resign.

Actually surprised at how little is being written about SVB at the moment from UK press. I know the Linekar story is good news fodder. But presumably the range of outcomes of SVB on the economy are worth some column inches outside of the FT? For anyone in tech, it's been the dominant conversation of the last 48 hours, with significant uncertainty of impact.

Right wing propaganda is overwhelming the country. Its never been more important to fight back with the TRUTH. I’ve done my best to hold this piece of crap Government to account for many years. If you like my films & reports please RT/follow & help me reach as many as possible

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

@biking_penguin @chrisbaraniuk thermulon.com we’re only 6 people at the moment - developing our reactor technology to scale up.

@SamCryer1 @chrisbaraniuk Sounds great, don't be shy tho, maybe add a link?