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The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.  We are also making archives of the blog available for free download in various formats (see below). 

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link An Election Manifesto Commitment by the Labour-a-Tory Party Tue May 28, 2024 19:00 | Peter Burden
Consider voting for the Labour-a-Tory Party this General Election, and back their bold plan for a new 'National Self Service' (NSS) supermarket chain, offering free food and beverages at the point of purchase!
The post An Election Manifesto Commitment by the Labour-a-Tory Party appeared first on The Daily Sceptic.

offsite link Angela Rayner Begs Muslim Voters to Back Her With Gaza Vow Tue May 28, 2024 17:00 | Richard Eldred
A video of Angela Rayner circulating online shows her pleading with a group of Muslim voters to back her at the next election, promising that a Labour Government would officially recognise the state of Palestine.
The post Angela Rayner Begs Muslim Voters to Back Her With Gaza Vow appeared first on The Daily Sceptic.

offsite link Dr. Fauci?s Lieutenant on the Hot Seat Tue May 28, 2024 15:00 | Justin Hart
In a testy Capitol Hill hearing, Rep. Kweisi Mfume seized a rare moment of bipartisan unity to confront Dr David Morens, a longtime advisor to Dr Fauci. "Sir, I think you?re going to be haunted by your testimony today."
The post Dr. Fauci?s Lieutenant on the Hot Seat appeared first on The Daily Sceptic.

offsite link What Did Belinda the Cat Do? Tue May 28, 2024 13:00 | Dr Roger Watson
Dr Roger Watson explores the weird and wonderful world of rejected petitions to Parliament, from serious issues like healthcare to letting "Belinda the cat back in Tesco".
The post What Did Belinda the Cat Do? appeared first on The Daily Sceptic.

offsite link Norway Has Given Succour to Hamas by Joining Spain and Ireland in Recognising the Palestinian State ... Tue May 28, 2024 11:00 | Kathrine Jebsen Moore
Norwegian journalist Kathrine Jebsen Moore explains why she's so ashamed that her country decided to join Spain and Ireland in recognising the Palestinian state, thereby rewarding Hamas for the October 7th massacre.
The post Norway Has Given Succour to Hamas by Joining Spain and Ireland in Recognising the Palestinian State ? and as a Norwegian I am Ashamed appeared first on The Daily Sceptic.

Lockdown Skeptics >>

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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