Daily review 03/08/2023

Written By: - Date published: 5:30 pm, August 3rd, 2023 - 9 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

9 comments on “Daily review 03/08/2023 ”

  1. Dennis Frank 1

    Gordon Campbell today:

    Arguably, weaning ourselves off our dependency on China is the most necessary shift in our trading patterns since Britain joined the Common Market in 1973. https://www.scoop.co.nz/stories/HL2308/S00005/on-what-chinas-current-economic-woes-signal-for-us.htm

    No argument from me, mate! He's got a good appraisal there too.

    Over recent years, India’s $3 trillion economy has grown to a point where it is on track to be the world’s third largest economy. Yet our trade with India has actually declined by half a billion dollars over the past five years, to only $2.3 billion.

    So both our left & our right can't even do basic neoliberalism properly! Our exporters ought to be doing the pivot already & our trade negotiators – have they been trying to make it happen? If not, slackers…

    • bwaghorn 1.1

      India is massively protective of its millions of subsistence dairy farmers, nuf said.

  2. Louis 2

    "Before India imposed its latest food export bans, Prime Minister Modi promised to "feed the world". Days later, and not for the first time, nationalist sentiment took hold and Modi backflipped"

    https://www.hinrichfoundation.com/research/article/sustainable/battling-food-shortages-india/

  3. Roy Cartland 3

    Dear mods. Since Dennis is such a prolific commenter, and many of the early posts are are about things posted by others…. Is there scope for a post that delivers looks only? I love being exposed to material I haven't seen, but half of it I've already read. It's good mahi from Denn-oh, but such would def help with logistics.

    A thought. Luv ya TS mwah!

    • Dennis Frank 3.1

      Interesting, Roy. I'm not aware of being any more prolific than others here – tbh I believe I'm usually restrained enough to comment only when necessary.

      Perhaps the top ten most prolific commentators could be rated onsite?? That would establish an objective measure. Whatever you're getting at is too opaque for me but could be helpful to all. A political blog ought to feature biodiversity but some qc is always essential in any social ecosystem…

      • roy cartland 3.1.1

        Oops spelling error – I meant a host page for links only (not looks like it says above!).

        I enjoy your links and comments, but there has been a bit of moaning that there are too many (presumably by the scrollingly-challenged brigade!)

  4. joe90 4

    Dude's a pig.

    Rudy Giuliani was sued for sexual harassment earlier this year by Noelle Dunphy, a former staffer at his firm. The lawsuit included a wide array of disturbing allegations against the Trump-loving lawyer — from behaving erratically while drunk, to exposing himself non-consensually, to demanding sexual favors, to making various sexist and racist remarks.

    Giuliani denied everything, smearing Dunphy and asking the court to strike portions of the lawsuit and sanction her and her lawyer. Dunphy and her lawyer responded on Monday by asking for Giuliani and his lawyer to be sanctioned. They included audio transcripts of Giuliani saying exactly the kind of things he denied saying, and folks … it’s not great. The transcripts include a host of truly vile, bigoted remarks, as well as some of the creepiest come-ons the mind can imagine.

    https://archive.li/https://www.rollingstone.com/politics/politics-news/rudy-giuliani-racist-sexist-remarks-lawsuit-1234799473/

  5. joe90 5

    Crypto is a scam. And Elmo is in on it

    /

    Mentions of certain altcoins by Tesla and SpaceX CEO Elon Musk, who led an acquisition of Twitter that closed last October, appear to have caused prices to spike by as much as 50% within one day, the researchers found.

    The NCRI study pointed to Musk’s June 24, 2023, retweet of a post featuring a kitten and the caption, “I wake up there is another PSYOP,” a coin created by a pseudonymous Twitter influencer known as Ben.eth. Trading of this altcoin nearly doubled in volume over the next day, according to CoinMarketCap data.

    Separately, a Musk tweet on May 13, 2023, featuring Pepe the Frog memes led to a more than 50% increase in the price of altcoin PEPE within 24 hours. Musk’s tweet fueled both authentic discussion and bot and promotional tweets about the altcoin, which is based on a popular far-right meme.

    .

    https://www.cnbc.com/2023/08/02/elon-musk-tweets-twitter-bots-boosted-ftx-listed-crypto-researchers.html

    • Dennis Frank 5.1

      Whether any market is a scam or not tends to be moot though. Social darwinism prevails and big fish eat little fish but feeders off market ecosystems are just riding their luck and fate dictates the outcome in accord with karma…

      I mean, from a moral perspective, nature is neither good nor bad as a whole and the holistic effect of market forces is co-created by all participants. Dunno if any particular scheme for organising any financial market is ever likely to capture animal spirits.