Tim
5.4K posts

Tim
@timothyskye
🇿🇦 Using X to get the real news 🐓🌳🏡 🚜 Austin Texas 🤙🏾
South Africa Присоединился Haziran 2011
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Unreal Engine 5.8 has AI integration with Claude and Codex.
Runs in terminal beside the engine, connected via MCP to fully control the Editor.
Place props, generate cities procedurally, and even art direct the lighting.
Unreal Engine 5.8 available today.
Pretty much any Unreal game from now on is gonna need an AI label.
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Random Californian Weirdo: "You're not a vegan?"
Me: "No, I like steak too much."
RCW: "Cows are a leading cause of climate change."
Me: "I know, and I'm eating them as fast as i can, you should probably help out if it worries you so much..."
Long silence, confused looking at his mate, then back to me, then back to his mate.
RCW: "Fuck you."
Ahh, the joys of being a wit among halfs.
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Media Release: Foreign students must be stopped from abusing asylum
Foreign students should be required to return home before applying for further study in Australia to prevent abuse of the immigration system and reduce the backlog in deporting unlawful non-citizens.
One Nation leader Senator Pauline Hanson said universities addicted to easy foreign student money were complicit in the abuse, which was partly responsible for the record 2.6 million temporary visa holders currently in Australia.
“Many of these people are occupying homes and accessing services that should be for Australians first,” Senator Hanson said. “It’s apparent that when it comes to some of these students, there’s no intention to study and every intention of abusing the system to access economic benefits and high Australian wages.
“There’s been an explosion of foreign students abusing the system with ‘course-hopping’. They get a student visa, drop out soon after and apply to a bunch of bogus schools or courses while remaining on a bridging visa which allows them to work and access housing and services in Australia.
“On average these bridging visas last around 200 days before their new study visa application is processed. If they’re knocked back they just appeal it – the average waiting time for appeals is another 64 weeks, again on a bridging visa. Many even claim asylum despite having no grounds, because your average waiting time on such an application is around three years. If that’s knocked back, they just appeal it again so they can spend more time making money in Australia.
“The number of foreign students on bridging visas has blown out from 13,000 to more than 107,000 in just three years. The system is being scammed, and universities addicted to foreign student money are part of the problem. It’s no coincidence many universities based elsewhere have campuses and shop fronts in Sydney where most foreign students want to end up. For what reason does Central Queensland University – which in 2023 recorded a 57.2% first-year dropout rate among foreign students – have a campus in Sydney if not to grab a slice of the foreign student windfall?
“It’s another example of why Australian universities must be broken of their addiction to foreign students and be forced to prioritise education for Australians.”
Senator Hanson said One Nation’s policy would ensure foreign students who drop out of courses would not receive bridging visas to remain and work in Australia, and would not be able to lodge appeals with the Australian Review Tribunal (ART).
ENDS.

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Economic theory is broken at its core, and we're seeing confusion even among those 'in the know' as a result.
Keynesian economic theory believes that inflation is caused by economic activity and goes hand in hand with sentiment.
By that theory if inflation is rising its because the economy is going great and people are optimistic, leading to what is often called an 'overheated' economy... its going TOO well and the RBA needs to cool things down with interest rate rises.
Conversely if the economy is bad then people will have poor sentiment, AND inflation will be falling... the solution? Lower interest rates or just print money (quantitative easing for my US friends) and you'll 'stimulate the economy'.
Politicians LOVE this theory because it puts government at the very centre of the economy, gives them a 'dial' they can turn and 'control the economy'.
The problem?
Its a load of bollocks.
Keynesian economics all but ignores real productivity, relying instead on 'activity' as a proxy (see 'broken windows fallacy' for an explanation of this) so they're missing the single most important piece of the puzzle, AND they're then trying to explain everything else without using that central piece, leading to confusion and repeated failures as they try to 'control' the 'economic cycles' that they are actually causing in the first place.
Here's the truth.
The economy isn't GDP, it's productivity. And no, that isnt just 'productivity per person, the GDP is ACTIVITY per person, Keynsians cant tell the difference and that's the problem.
Productivity is about how much VALUE you create, its about doing MORE with LESS.
An increase in productivity is the primary method of wealth creation in the real world, and all else being equal an increase in productivity will cause DEFLATION, prices to fall relative to incomes, and contrary to Keynesian economics this is not automatically a bad thing.
(It can be, but inflation is also a bad thing, so the ideal is zero, not the 2-3% inflation target that cental banks set)
Inflation is a function of monetary expansion over productivity growth. (Yes i am grossly simplifying, but at the level of first principles the above is true.)
The money supply can increase without causing inflation, IF the value of the underlying asset that backs that currency (the tax slaves) have also increased their ability to generate economic value.
So strict monetarist economics is incorrect in my view, but so is Keynesian theory.
It's the relative growth in money supply over the relative growth in actual productivity, and real inflation comes from the gap between those two.
Ok, so here's where the confusion we are witnessing comes in.
What's happening right now in Australia shouldn't happen in Keynsian economic theory, makes some sense in Monetarist theory, but is best understood through the lens I have presented above.
Stag-flation, a flailing economy with high inflation, shouldn't happen, but it is happening and in fact Keynsian theory makes it inevitable whilst denying its existence.
How can inflation be high while economic sentiment and 'activity' are low?
Because productivity is falling, and this simply isn't factored in to the inflation equation by many. They look at GDP, which is activity, and not actual productive value.
This is the missing piece that should be at the centre, but ignoring it turns economics into a 'black art' with mysterious forces at work...
To make it practical, here's why this is hurting us now.
Most of our growth in Australia is due to government expansion, which isnt just 'non-productive' it is ANTI-PRODUCTIVE.
Government increases ACTIVITY meaning Keynsians view it as being just as good as private sector activity, but it is not PRODUCTIVE, so growth in government will always make the delta between monetary expansion, and productivity growth, larger.
Hey-presto, inflation.
The other part that id propping up GDP numbers is immigration. Per capita GDP is struggling, but we're adding people so fast that it hides that reality.
Put them together and our present situation becomes clear.
Government is expanding, spending is growing, creating inflationary pressures making some analysts expect rate rises to 'cool the economy'.
But also, sentiment is in the toilet, productivity is going backwards like a French tank being ordered to stand their ground (quickly, for those who missed the joke) and more aware heads know that adding interest rates rises into this mix will be disastrous.
The reality is 'the economy' is not one thing, it does not move as a block, there is no single dial they can control it with.
But believe me they will try, and they will pretend they've got everything under control...
But the only thing they have 'under control' is us.

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Okay, this might be one of the coolest retro gaming devices I’ve seen in a while. 💾📺🍎😘
The RetroRemake SuperStation One has the PSOne style design, but inside it’s powered by FPGA tech with MiSTer FPGA support!
#RetroGaming #SuperStationOne #FPGA #MiSTerFPGA #PSX #crt
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BREAKING: Chaos in the House of Reps 💥Boom💥
Angus Taylor rightfully calls for a suspension of the house, 'this house condemns ' the Albanese Labor Government for;
1. arrogantly misleading Australians about the government's plans for toxic taxes
2. Not having the courage to take their toxic taxes to the Australian people at an election
3. Taxing Australians more than any other government in Australian history
4. Portraying the hardest-working Australians who are willing to take risks and who have made the biggest sacrifices
5. Hurting Australians without any understanding of who will be punished and to what extent Australians will be worse off
Boom cue, lisping Tony Burke, who makes a complete goose of himself, a sure sign Labor is rattled.
@AngusTaylorMP
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CEOs are quietly realizing the AI replacement plan has a problem.
Two problems, actually.
One: the token costs for running AI agents are now exceeding what they were paying the employees they fired.
Two: when the tokens run out, the AI stops. Just stops. No continuity. No workaround. Just a spinning wheel where your workforce used to be.
You fired humans to save money and bought a subscription that bills you into a corner.
The employees you let go knew what to do when things broke.
The AI just invoices you for the outage.
And then there’s the permission problem nobody wants to talk about.
To do its job, the AI agent needs access. Full access. Your systems, your patents, your contracts, your future plans. Everything you spent years building, handed over to a process that has no loyalty, no discretion, and no skin in the game.
You didn’t hire a replacement.
You gave a stranger with no soul the keys to everything you own.
Enjoy.
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