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Favorite Rejects 2022-04-02
Copyright term reform is a good idea and I hope we can do this on a bipartisan basis no matter how dumb conservatives’ reasons are. But my strong guess is this won’t happen and Disney executives will get a large tax cut instead. https://t.co/iALYHgqwxU
Ingraham: When Republicans get back into power, Apple and Disney have to understand one thing: Everything will be on the table, your copyright/trademark protection, your special status in certain states, and even your corporate structure itself… https://t.co/7kKhPH07Rs
A big divide in the field was whether we should ban all fracking — how many votes do you think that would get in the senate if it came up next week?
Carstens says there have been many attempts to roll back CEQA, but that have been countered by "people like us." These are the "people like us" in question, btw, so that tracks.
Going to forever drive me insane that Larry Summers made a probabilistic forecast and gave the current scenario (high job growth/high inflation) a 1% chance of happening and people are acting like he was right https://t.co/sx1J2poQ7t
Today's March #JobsReport shows a job market staying red-hot with jobs added, falling to a still-healthy 431,000, slightly lower than expected. Unemployment improved more than expected to 3.6% on the back of an uptick in labor force participation as more workers return. 1/
Daniel Zhao @DanielBZhao
Remember that Chapo Trap House told us we were warmongers for wanting to give weapons to Ukrainians to defend themselves against this:
Report: Russian military killed all men aged 16-60 left in Bucha before leaving. https://t.co/DUtyp4EFFG
Matthew Kaminski @KaminskiMK
@cgpgrey Adding new emoji? Yikes, I don’t think you want to open that can of… well, you know.
David Watson 🥑 @FifthRocket
Yep. After the financial crisis, China unleashed a ton of real estate development and infrastructure construction -- two sectors where productivity gains are notoriously low. These sectors absorbed resources from the rest of the economy, driving down overall productivity growth.
I hadn't fully realized how modest Chinese productivity growth has been over the last decade+ https://t.co/HZRvvjUxOZ
Caleb Watney @calebwatney
The basic problem for China's planners here is that curbing the real estate industry will massively reduce growth, but the only way it'll increase *productivity* growth is if curbing real estate forces a reallocation of resources to better sectors.
Economists and pundits argue back and forth about "picking winners" in an economy. But Xi appears to be pioneering a new approach -- "picking losers". If this strategy succeeds, it will herald a new chapter in the history of industrial policy. I predict it will not. (end)