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offsite link ‘Reduced Service’ Sat Jun 18, 2022 11:37 | Anti-Empire

offsite link Inconvenient Questions for the “Specia... Wed Jun 15, 2022 16:32 | Anti-Empire

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The Saker
A bird's eye view of the vineyard

offsite link Open thread: Multipolarity Tue Jul 05, 2022 18:01 | amarynth
By Amarynth for the Saker Blog The stark difference is imperialism vs multipolarity Historically multipolarity undermines imperialism, maximalism, and a single point of control over the whole world for example,

offsite link The ?capitulation? of Zelenski with subtitles Tue Jul 05, 2022 16:46 | amarynth
This is a parody and first published in Russian by Kadyrov. Please note parody! Many of you asked for the capitulation of Zelensky with subtitles,so here it is… ENJOY??? pic.twitter.com/t46YIxlUQl

offsite link The Unravelling of the UK and the Western World and Their Reconfiguration Tue Jul 05, 2022 12:18 | amarynth
By Batiushka for the Saker Blog Introduction: The UK The United Kingdom of Great Britain and Northern Ireland (UK) has a population of 67.1 million. It is then the fourth

offsite link ?We are your punishers? ? AFU says to citizens of Lisichansk Tue Jul 05, 2022 11:51 | amarynth
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offsite link Human Rights: the United States and Western Style Mon Jul 04, 2022 18:52 | amarynth
By Mansoureh Tajik for the Saker Blog The United States of America and its European posse regularly make allegations of human rights abuses against any nation that opposes their policies

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Lockdown Skeptics

The Daily Sceptic

offsite link Boris on the Brink: Rishi Sunak and Sajid Javid Quit Government Tue Jul 05, 2022 19:03 | Will Jones
Chancellor Rishi Sunak and Health Secretary Sajid Javid have both quit the Government this evening, saying we "cannot continue like this", bringing Boris Johnson's premiership to the brink of implosion.
The post Boris on the Brink: Rishi Sunak and Sajid Javid Quit Government appeared first on The Daily Sceptic.

offsite link Financial Times Censors Criticism of Vaccine Article Tue Jul 05, 2022 18:30 | Toby Young
The most liked and most commented upon comment below a Financial Times article about Covid vaccines has been removed on the grounds that it "violated our community standards". We have reprinted it in full.
The post Financial Times Censors Criticism of Vaccine Article appeared first on The Daily Sceptic.

offsite link President of Brazil Says He Regrets Removing Liability From Pharmaceutical Companies for Vaccine Sid... Tue Jul 05, 2022 16:40 | Will Jones
Brazil President Jair Bolsanaro has said he regrets removing liability from pharmaceutical companies for vaccine side-effects and is "sorry for all the deaths" as he confirms he is not vaccinated.
The post President of Brazil Says He Regrets Removing Liability From Pharmaceutical Companies for Vaccine Side-Effects and is “Sorry for All the Deaths” appeared first on The Daily Sceptic.

offsite link Why Does the BBC Censor Content That Offends Muslims, But Not Christians or Hindus? Tue Jul 05, 2022 15:37 | Anonymous
When Hindus are offended, the BBC describes what's offended them. When Christians are offended it does the same. But when Muslims are offended, it doesn't and the reader is left in the dark. Why the double standard?
The post Why Does the BBC Censor Content That Offends Muslims, But Not Christians or Hindus? appeared first on The Daily Sceptic.

offsite link Hospitals Bring Back Masks and Social Distancing as Covid Admissions Surge ? But TWO THIRDS Are in H... Tue Jul 05, 2022 10:20 | Will Jones
Hospitals have brought back face masks and social distancing following a recent surge in Covid infections and hospitalisations, despite two thirds of Covid admissions being treated primarily for something else.
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Voltaire Network
Voltaire, international edition

offsite link The agony of the West, by Thierry Meyssan Tue Jul 05, 2022 08:30 | en

offsite link According to Sergei Shoigu, Ukraine suffered considerable losses in Luhansk Tue Jul 05, 2022 05:47 | en

offsite link Poland resurrects issue of WWII damage Mon Jul 04, 2022 07:00 | en

offsite link Russia takes on Big Pharma Sun Jul 03, 2022 10:48 | en

offsite link Russian army buys specimens of advanced Western armament Sun Jul 03, 2022 10:36 | en

Voltaire Network >>

Oops...remember what we said in our report...Y'know, that "fact" quoted by Ollie Rehn, Geitner and others as THE argument for austerity measures? erm...well... it was just an excel error. Sorry!

category international | anti-capitalism | other press author Saturday April 20, 2013 12:48author by fred Report this post to the editors

REINHART AND ROGOFF: " 'Full Stop,' We Made A Microsoft Excel Blunder In Our Debt Study, And It Makes A Difference." The oft quoted rationale for austerity measures by such people as Ollie Rehn and Tim Geitner turns out to be the result of an excel blunder by the authors


You know all these austerity measures that are cutting social safety nets for the less well off, letting sick people die who might otherwise have lived by underfunding our hospital services, eviscerating the local economy and destroying indigenous small business, and generally making the daily lives of the 99% really difficult? Well it turns out the theory behind the necessity for this approach was actually wrong because of a "careless" excel blunder. The authors of the famous study, ( Carmen Reinhart and Ken Rogoff) which claimed that "as countries see debt/GDP going above 90%, growth slows dramatically", have admitted they made a blatant excel error in coming to this conclusion and now

QUOTE:
"Josh Bivens, an economist with the Economic Policy Institute in Washington who co-wrote one of the first critiques of the Reinhart-Rogoff paper in 2010. He said he wasn’t surprised by the UMass result: “There’s never a sound theoretical reason why there should be a threshold” at which debt suddenly becomes a serious problem—90 percent in the Reinhart-Rogoff paper.

Bivens also said it’s quite possible that rather than debt causing slow growth, in many cases it’s the other way around: Countries that are growing slowly tend to rack up lots of government debt. He said Reinhart and Rogoff in some of their nonacademic writings have ignored that possibility and asserted—without justification—that high debt does indeed harm growth.

This isn’t an obscure academic debate. As Krugman points out, the Reinhart-Rogoff research is one of the two main threads in the pro-austerity argument, the other being Harvard’s Alberto Alesina on the macroeconomic effects of austerity. With so much at stake, the argument that caught fire in one afternoon is likely to keep burning for months."



LINKS: [more will be added as situation unfolds, most recent first]



businessweek - good faq on the error:
http://www.businessweek.com/articles/2013-04-18/faq-reinhart-rogoff-and-the-excel-error-that-changed-history
thinkprogress - "European Union Pledges To Curb Austerity":
http://thinkprogress.org/economy/2013/04/19/1894971/europe-united-states-austerity/



REFERENCED ARTICLES:

here:
http://www.businessweek.com/articles/2013-04-16/twitter...clash
and here:
http://www.businessinsider.com/reinhart-and-rogoff-admi...013-4


Reinhart and Rogoff, two poster children for austerity.
Now the centre of a major economic and political shitstorm!!

author by Tpublication date Wed Apr 24, 2013 23:45author address author phone Report this post to the editors

What is amazing is the paucity of proper analysis by so called economists if all they can come up with is basing austerity on this one single flawed paper. It just shows the depth of the stupidity but what it really shows is that all of this is a religious or ideological exercise because there is no science in their method and they simply use the first bit of flawed and shallow analysis that happens to be in tune with what they really wanted to do all along which is impose austerity. Make no mistake these people are quite aware of its effects and the true goal of the exercise and that is to transfer vast sums of money and assets from the ordinary people and public owned assets to tiny and extremely wealthy layer at the top who lord over us all through the control of the media, think tanks, international banks and mostly important the apparatus of the state in the form of the police, courts and army.

Why are people so stupid to play their game?

 
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