@TheBadPlace@mastodon.ozioso.online
·
1d ago
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
The Guardian | Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP by Amelia Hill
AI generated summary, Read the full article for complete information.
Britain’s 157 billionaires now control just under £670 billion—more than 22 percent of the nation’s GDP—a five‑fold increase since 1990 that the Equality Trust labels “ghost GDP” to illustrate how headline economic growth is increasingly disconnected from everyday life. While politicians point to rising GDP as evidence of a thriving economy, analysts such as Priya Sahni‑Nicholas and economist Gabriel Zucman argue that macro‑level indicators no longer reflect income gains for most people, citing the surge in wealth among the super‑rich and corporate tax‑avoidance tactics that inflate growth figures. The data show that the richest 50 families now possess more wealth than the poorest 34 million Britons combined, and that workers have endured the longest pay squeeze in living memory, highlighting a widening gap between wealth creation and broad‑based prosperity.
Read more: https://www.theguardian.com/inequality/2026/may/15/wealth-britain-billionaires-gdp-rich-list-inequality
#EqualityTrust #PriyaSahniNicholas #GabrielZucman #SundayTimes #Ireland #Britain #UK #business #economicgrowthgdp #economics #incomeinequality #inequality #poverty #richlists #society #thesuper_rich #PriyaSahniNicholas
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@ChrisMayLA6@zirk.us
·
Dec 29, 2025
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us
Retired Professor of Political Economy (Lancaster University, UK - retired 2021) (also #ProfDJ across the Lune Valley) Contributor: North West Bylines #NoBridge
zirk.us
For those wondering why many of the dire warnings about the impact of the Court of the Tangerine Tyrant on the US economy do not seem to have come to pass, Jeffrey Frankel suggests 3 things:
a. US economic data is a mess right now so we cannot be sure what's happening;
b. Many of Trump's tariffs have been delayed a number of times... and;
c. effects takes me time to work through, and so thinking the waring were wrong is premature!
time will tell!
#Trump #economics
https://www.theguardian.com/business/2025/dec/29/donald-trump-tariffs-us-economy-inflation-employment-2026
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@PttP@mastodon.social
·
May 06, 2026
Power_to_the_People (he/him)
@PttP@mastodon.social
Farm boy goes to college, falls in with the wrong crowd - high jinks ensue... Peacenik, Ol' Hippie, Dad, Offbeat Sense of Humor Loves include: Words, Music, Food (Growing, Cooking, Eating), Fun & Frolic "The highest achievement in the history of humanity is the Golden Rule." - Me HomebrewDad on Twitter, Phil_C in Slack Avatar: political cartoon from an 1880s Puck (found in LOC image archives, iirc), tweaked in GNU Image Manipulation Program, originally as a homebrew bottle label
mastodon.social
RE: https://mamot.fr/@pluralistic/116527238498498125
Today's dose of Doctorow's De-programming:
"This is the kind of doctrine you can only fully embrace after sustaining the kind of highly specific neurological injury that is induced by taking an economics degree, an injury that makes you incapable of perceiving or reasoning about power. Under the doctrine of revealed preferences, someone who sells their kidney to make the rent has a revealed preference for only having one kidney"
#capitalism #economics #NeoclassicalEconNonsense
Quoting
One of my bedrock beliefs is that capitalists *really* hate capitalism. They may name their beloved institutes after the likes of Adam Smith, but they ignore everything Smith had to say about the necessity of competition to keep markets from turning into monopolies:
https://pluralistic.net/2023/06/09/commissar-merck/#price-giver
--
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2026/05/06/champerty-loves-company/#circle-of-life
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@unusual_whales@masto.ai
·
May 05, 2026
unusual_whales
@unusual_whales@masto.ai
Tools for Stocks/Options/Crypto/Market News. Premium + Support: http://unusualwhales.com Discord: http://bit.ly/3Bf2pNJ Full Links + Socials: http://bit.ly/3V8D6Gb
masto.ai
BREAKING: Nvidia, $NVDA, and PulteGroup are partnering with Span to install in-home mini data centers.
Each packs 16 Blackwell GPUs, 4 AMD EPYC CPUs, and 3TB RAM, powered by unused household electricity for AI inference.
#news #finance #economics #stocks #options
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@MartMichaelis@mastodonapp.uk
·
May 05, 2026
Martin Michaelis (he/him)
@MartMichaelis@mastodonapp.uk
Professor of Molecular Medicine (he/him), University of Kent, all opinions are my own...
mastodonapp.uk
We really do not have our priorities in order, if we cannot organise reliable drug supplies for those, who depend on it. How can we as societies be so unkind and negligent? #health #economics #economy #capitalism
https://www.bbc.co.uk/news/articles/c202jqn3jzro
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@ChrisMayLA6@zirk.us
·
May 05, 2026
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us
Retired Professor of Political Economy (Lancaster University, UK - retired 2021) (also #ProfDJ across the Lune Valley) Contributor: North West Bylines #NoBridge
zirk.us
The yield on UK Gilts has climbed to it highest level this century (market prices have fallen), with market traders expecting the Bank of England to raise interest rates at least twice in the rest of 2026 to counter inflationary pressures.
This will just further stifle the UK's economy, and likely actually push the UK from an essentially flatlining economy into actual recession... if they do as traders expect.
The UK's 'openness' to global markets is now a clear weakness.
#economics
h/t FT
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@muddle@infosec.exchange
·
Apr 08, 2026
muddle
@muddle@infosec.exchange
An a/c to announce, explain and discuss "muddle" "muddle" is a "deniable encryption" scheme which I discovered (and maybe invented). It is the combination of "Online Codes," a so-called "fountain code", and Rivest's concept of "Chaffing and Winnowing". The two are trivial to combine, producing something that seems to have good potential for privacy, deniable encryption and secure dispersal and recovery of files across distributed networks. Please follow, boost or @ me
infosec.exchange
I am becoming more and more convinced that Capitalism isn't even a zero sum game any more. It's a negative sum one.
https://www.theguardian.com/commentisfree/2026/apr/07/capitalism-endgame-private-equity-captured-nurseries-care-homes
#Economics #Privatisation #PrivateEquity #PassiveIncome #WealthExtraction
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Bill Phillips (“Phillips Curve”) used flowing water to model the economy in in 1949.
according to his friend economist Richard Lipsey, “all the staff came out to humiliate this upstart idiot.” Phillips showed how water flowed from the Treasury tank to chambers representing health and education (as the government spent money) and then got pumped back to the Treasury more or less rapidly as you pulled a lever to tweak the taxation rate. “It turned out after ten minutes that he knew more than everybody there, and they shut up,” says Lipsey. They offered him a job at LSE.
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@glbc_mirror@mastodon.hongkongers.net
·
Apr 28, 2026
Global News BC
@glbc_mirror@mastodon.hongkongers.net
。。。RSS Robot — not a real account。。。 Global News BC
mastodon.hongkongers.net
Blockbuster $22B Shell-ARC deal bodes well for expansion to LNG Canada, experts say
Energy analysts say Shell PLC's plan to buy one of Canada's biggest natural gas producers is good news for the country's energy industry because of its "attractive economics."
#Economy #Environment #Money #ARCResourcesLtd
https://globalnews.ca/news/11820763/shell-arc-deal-canada-natural-gas-industry-reaction-positive/
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@gcvrsa@mastodon.social
·
Apr 25, 2026
Gemma Seymour
@gcvrsa@mastodon.social
Official public social communications channel for Gemma Seymour, Brattleboro Representative Town Meeting Member, District 8, Member of the Brattleboro Planning Commission. My campaign motto is, "Let's Grow Brattleboro". My values are "Equality, Liberty, and Justice for All". My ethics are "Compassion, Frugality, and Forbearance". Voter information statement https://gcvrsa.wordpress.com/wp-content/uploads/2025/02/gcvrsa-vis-2025020501.pdf Contributions: https://paypal.me/gcvsa #NoBridge #NoAI
mastodon.social
Every word of Prof. Murphy's presentation here is equally applicable to the US.
Nine letters in three acronyms would utterly transform human civilization: #LVT #UBI #MMT.
We could do this virtually overnight, if we could just convince people of the truth of how economies actually function.
#economics #USpol #LandValueTax #SingleTax #UniversalBasicIncome #ModernMonetaryTheory #taxation
https://www.youtube.com/watch?v=GonO5dEpnL8
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@dougiec3@libretooth.gr
·
Apr 22, 2026
Wokebloke for Democracy
@dougiec3@libretooth.gr
Semi-retired commercial artist living the life, painting, hiking, biking and spending way too much time on politics. I read A LOT, and continually. I post on a lot of different things, but mostly politics. Ex-Texan. I don't automatically follow back. There has to be some info on your profile. hee-haw
libretooth.gr
" Billionaire Justin Sun, who invested in a crypto project backed by President Donald Trump and his family, filed a lawsuit Tuesday in a California federal court, alleging that his multi-million dollar investment was procured through fraud and the project is now 'on the verge of collapse.' "
https://www.yahoo.com/finance/markets/crypto/articles/breaking-billionaire-investor-sues-trump-002052827.html
#Crypto #Economics #Billionaires #Oligarchs #Trumps
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@unusual_whales@masto.ai
·
Apr 23, 2026
unusual_whales
@unusual_whales@masto.ai
Tools for Stocks/Options/Crypto/Market News. Premium + Support: http://unusualwhales.com Discord: http://bit.ly/3Bf2pNJ Full Links + Socials: http://bit.ly/3V8D6Gb
masto.ai
BREAKING: Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran.
It is the third time this month, and the fourth in total, that large, well-timed directional
#news #finance #economics #stocks #options
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@ChrisMayLA6@zirk.us
·
Apr 20, 2026
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us
Retired Professor of Political Economy (Lancaster University, UK - retired 2021) (also #ProfDJ across the Lune Valley) Contributor: North West Bylines #NoBridge
zirk.us
No-one will be surprised that forecasters see a recession looming, not least as the UK has been functioning only just above zero growth for some years - indeed, alongside persistent hints of stagflation, the UK economy was particularly vulnerable to external (economic) shocks, of which those prompted by the US/Israeli attacks on Iran are just the most recent.
(for my summary analysis of reasons see next post)
#economics #UK #Iran
1/2
https://www.theguardian.com/business/2026/apr/20/250000-could-lose-job-2027-uk-recession-analysis-economy-iran-war
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@ChrisMayLA6@zirk.us
·
Apr 20, 2026
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us
Retired Professor of Political Economy (Lancaster University, UK - retired 2021) (also #ProfDJ across the Lune Valley) Contributor: North West Bylines #NoBridge
zirk.us
The media will try to blame Rachel Reeves for this looming recession, but the real culprits here are a decade of austerity & the Bank of England!
Austerity has depressed (and continues to depress) 'effective demand' across the UK, while the Bank of England's interest rate policy that is predicated on dampening economic activity to 'stamp on' inflationary tendencies has recession as one of its intended results.
Its all just the result of decades of economic mismanagement!
#economics #UK
2/2
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@unusual_whales@masto.ai
·
Apr 15, 2026
unusual_whales
@unusual_whales@masto.ai
Tools for Stocks/Options/Crypto/Market News. Premium + Support: http://unusualwhales.com Discord: http://bit.ly/3Bf2pNJ Full Links + Socials: http://bit.ly/3V8D6Gb
masto.ai
BREAKING: A jury has found Live Nation and Ticketmaster to be an illegal monopoly that overcharges fans, per MorePerfectUnion
#news #finance #economics #stocks #options
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@gwagner@fediscience.org
·
Apr 15, 2026
Gernot Wagner
@gwagner@fediscience.org
Climate economist, Columbia https://gwagner.com It’s pronounced juggernaut without the jug.
fediscience.org
The Iran War has once again led to a bout of what ECB board member Isabel Schnabel memorably dubbed 'fossilflation'.
It's en vouge to talk about the solution as some massively complex undertaking. It really isn't. Get off fossil fuels faster.
My latest just out @nature@sciencemastodon.com
https://rdcu.be/fdxig
#climate #iran #us #trump #oil #energy #inflation #economics
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@brainsmatter@mastodonapp.uk
·
Mar 31, 2026
Brains Matter
@brainsmatter@mastodonapp.uk
Host of the Brains Matter podcast - the show on science, curiosities, and general knowledge. Runner-up Best Oz Sci Microblogger 2010, Did a TEDx once. Please subscribe to me at https://youtube.com/@brainsmatterpodcast?sub_confirmation=1 or follow the audio podcast at http://www.brainsmatter.com
mastodonapp.uk
How Brexit reduced the City of London’s financial clout – new research https://theconversation.com/how-brexit-reduced-the-city-of-londons-financial-clout-new-research-277107 #banking #finance #economics #politics
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@mac_ack@hidamari.apartments
·
Mar 28, 2026
🥞 Pancake Inspector 🥞
@mac_ack@hidamari.apartments
Combating misinformation on the fediverse VAXED + Boosted
hidamari.apartments
Spraying some unleaded regular out on the concrete (for the economy) does anyone know how much I can pump before they cut me off? #gasWolves #Iran #Economics
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@moira@mastodon.murkworks.net
·
Mar 28, 2026
Solarbird 
@moira@mastodon.murkworks.net
Bluesky user? Read: http://mastodon.murkworks.net/@moira/113647708264029959 She/her ex-software dev; writer of words for money, fun, and survival both here & at my blog; maker of bike maps, printables, radio noise (KK7ZLU), baked goods, & random projects. Republicans have tried to kill off me & mine my whole life; if you hate "Dems" & "libs" more than actual fash, DNI & GFY. Support me or my Mastodon instance: http://patreon.com/solarbird https://justmytoots.com/@moira@mastodon.murkworks.net
mastodon.murkworks.net
Just want to talk about this briefly:
The oil market doesn't close during the week. Not actually. There's a "close of day" each day which functions as a checkpoint, but it really stays open.
It does, however, close for the weekend. This is the first weekend close over $100 in this whole Iran mess. And if you look at the checkpoints, it's also the first _checkpoint_ over $100 during this time. There's been intra-day trading higher, but not a checkpoint or an actual market close.
And that's going to be staring people in the face over the entire weekend. Particularly in Europe, which is North Sea rather than West Texas, and even more expensive, at $106.29.
(1/5)
#OilPrice #economy #economics
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@moira@mastodon.murkworks.net
·
Mar 28, 2026
Solarbird
@moira@mastodon.murkworks.net
Bluesky user? Read: http://mastodon.murkworks.net/@moira/113647708264029959 She/her ex-software dev; writer of words for money, fun, and survival both here & at my blog; maker of bike maps, printables, radio noise (KK7ZLU), baked goods, & random projects. Republicans have tried to kill off me & mine my whole life; if you hate "Dems" & "libs" more than actual fash, DNI & GFY. Support me or my Mastodon instance: http://patreon.com/solarbird https://justmytoots.com/@moira@mastodon.murkworks.net
mastodon.murkworks.net
And that's before real shortages. We haven't hit that yet. Slovenia made noise for starting to ration fuel purchases a few days ago, but that's not about pure supply, that's about keeping a lid on gas-price tourism within the EU.
So we don't have shortages yet. But as strategic reserves draw down, eventually there simply won't be enough oil to meet current demand, at which point only a few things can happen, all of which simplify down to demand destruction.
(3/4) (bad at counting lol)
#OilPrice #economy #economics
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