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New Coppola Comment post. Fears that the rapid pace of Fed tightening will cause a #recession ignore the exceptional stimulus of the pandemic years. The level of #liquidity matters more than the rate of change. #inflation

coppolacomment.substack.com/p/

Yesterday Russian occupiers have committed an ecocide! The destruction of Kakhovka hydroelectric power plant is a terrible technogenic, ecological and humanitarian catastrophe.

The future of Zaporizhzhia nuclear power plant is also at question. Water to cool off its reactors comes from Kakhovska water reservoir. #Ukraine

This is becoming a bigger litigation mess every day.

But I cannot emphasise enough that the accumulating problems with the Cabinet Office's approach to this will not be coming from the government lawyers.

Government lawyers are good with inquiries: they do them a lot.

Somebody far more senior - official or minister - is making a hash of this.

theguardian.com/politics/2023/

What strikes me still a lot when communicating the severity of #climatechange with concerned non-specialists is that for most the greatest fear is to not being able to pursue their recreational activities due to say a #heatwave or lack of snow and not the drying rivers, failing crops, #biodiversityloss.
How do we change this deeply nudged mindset of ours? We can’t exploit natural resources endlessly!
#ClimateDiary

As we approach June, I’m very conscious that so many people will go straight for their lawnmower after a #NoMowMay. So much #wildlife will lose their homes in the process. PLEASE spread the message of a #NoMowSummer and let’s have more of this!👇😍🐝🐞🦋🪲🦇 🌱 #WildlifeGarden

Full-reserve banking, or its close relative "narrow banking", wouldn't prevent bank failures. And the economic costs of protecting depositors at the expense of bank lending are very high. My latest CC post, free to read. coppolacomment.substack.com/p/

My latest Coppola Comment post is free to read. Full reserve banking is not a solution to bank failures. Ensuring the safety of depositors at the expense of bank lending comes with very high economic costs.

coppolacomment.substack.com/p/

Oh, it looks like the Cabinet Office is actually going through with a legal challenge to the Covid Inquiry.

This is exciting.

Who wins this early contest really matters for the course of the entire Inquiry.

The outcome could be hugely significant.

And, of course, inquiries law should not be exciting, especially regarding public health.

Inquiries law should be dull.

theguardian.com/politics/2023/

@jacobschumer It’s kind of amazing that a law firm has *already* been caught filing a brief with fake legal authorities generated by #ChatGPT.

Good evening pachyderms. I became exasperated with crypto people telling that Tether was safer than banks because banks are fractionally reserved but Tether is "overcollateralised". So I've written a piece explaining exactly why Tether is fractionally reserved like banks and no safer than banks. Paywalled, I'm afraid, but I hope worth the small subscription!

coppolacomment.substack.com/p/

How does foreign direct investment #FDI impact the local labour markets in #Africa? Find out at our upcoming #brownbag with Margherita Tambussi @unitorino

📅30 May 2023
🕐12:15
📍WTI, Bern or Zoom

bit.ly/3OC1joU

Elon Musk is launching the presidential campaign of Ron DeSantis, the man working to make The Handmaid’s Tale a reality in the US.

At least the Germans had guns to their heads if they opposed the Nazis. What exactly is your excuse for continuing to support this man and his social network?

inkl.com/a/XYJygRUYwaY

#ElonMusk #RonDeSantis #Twitter #fascists #fascism

The Big Q&A is a series of The Big Picture where we sit down with some of the most important voices of our times to ask them the big picture questions. Today’s interview is with former mayor of Campbell, California and current member of the California State Assembly, Evan Low.

In 2016, New York Magazine identified Low as a potential future United States presidential candidate and in the 2017-2018 session, The Sacramento Bee recognized Low as California's most prolific lawmaker with the most bills signed by the governor.

This is a not-to-be-missed interview with an up-and-coming Democrat with a bright future. We hope you share it far and wide: thinkbigpicture.substack.com/p

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