Maybe the problem is trying to model group behavior onto one type of agent.

Europe’s rearmament meets reality: the story of Germany’s failed frigate project The fate of the €10bn F126 is a cautionary tale for an agency that buys everything from flip-flops to fighter jets

"procurement officials insisted on paper, rather than digital, documents. They routinely rejected drawings submitted in English."

Mind-boggling tale of procurement insanity and, maybe, €2bn in sunk costs for the F126. Add to the long list of screw-ups that got von der Leyen 'promoted' to Brussels.

Dass ein Land im demographischen Wandel so scharf darauf ist, Menschen abzuschieben, von denen sich ein großer Teil in die deutsche Mittelschicht integrieren möchte, ist auch nur mit Rassismus zu erklären

Thanks for sharing!

Es wäre gut, wenn die SPD jetzt klarer Position bezieht. Dies darf sich aber nicht auf Verteilungsfragen zwischen Lohnabhängigen beschränken. Das sozialdemokratische Programm muss es wieder sein, die Interessen des Kapitals gesamtgesellschaftlichen Zielen unterzuordnen.
www.msn.com/de-ch/nachri...

If US cuts of supply Iranian supply to China, they will further exacerbate the global oil market shortage, with consequences for prices in the US and Europe as well. giftarticle.ft.com/giftarticle/...

Donald Trump warns Nato faces ‘very bad future’ if allies fail to help US in Iran US president tells the FT in an interview that China summit could be delayed

giftarticle.ft.com/giftarticle/...

But! Is a chicken egg an egg that was laid by or that birthed a chicken?

At this point, it feels more difficult to envisage an outcome to the war in which China does not improve its strategic position rather than that it does.

I quit at some point into the second episode due to the poor acting, terrible production, and boilerplate but unfitting plot devices.

Thank you!

Thanks!

3rd, cyclical deviations of profit rates by sector (i.e., EPS) are the normal result of competition if A Smith is to be believed. So nothing going on here that can't be explained by market forces. Absent data that shows evidence of the causal mechanism they suggest, the argument isn't convincing.

Secondly, I don't understand why they trail the EPS data by 12 months. Yes, crude needs to be processed, but changes in crude spot market prices show up at the pump right away. The prices pass through the pipeline quicker than the crude.

I agree with you that not all competition is about prices or fought out through prices, but the N&B's data does not plausibly show that something other than market forces are at work here. For one thing, energy conflicts in fig 3 do not appear to regularly predict ROE deviations in favor of oil.

Also looks like half of the "energy conflicts" predict differential profits to fall according to their own chart 🤭

So Exxon starts wars because Nvidia's profit share is higher than theirs? To me all that paper shows is that conflicts in oil-producing regions cause oil prices to rise, which in turn causes the total mass of profit to be distributed more favorably towards oil companies. Econ101.

Merz‘ Lob für China geht in der Volksrepublik viral „Wir sind einfach nicht mehr leistungsfähig genug“, sagt der Kanzler nach seiner Rückkehr aus China der CDU in Hessen. Das greifen die Staatsmedien in einem Land gern auf, das selbst Dutzende Millione...

It's Chinese citizens who know best that "we need to work more and harder" is exactly the wrong conclusion for Merz to draw from his visit.
www.faz.net/aktuell/poli...

It was more meant as a joke than a serious comment. Xiaomi probably suffers from similar pressures as most consumer electronics development. As all hardware is becoming a platform for software, competition pushes you to push product first, fix issues later.

差不多-ing

Reformist LibCom

Thought it was brilliant.

"Würgegriff" und "Abhängigkeit" schieben das eigene Versagen China in die Schuhe. Das Verhältnis Deutschlands zu China ist frei gewählt, und kann auch von deutscher Seite wieder umgestaltet werden. Es erfordert allerdings eine Wirtschaftspolitik, die bei vielen Unternehmen auf Widerstand träfe.

Some would call that procrastination. I’d call that process.

Bürokratieabbau in Bayern: Das „Einfach-mal-machen-Gesetz“ der CSU In bayerischen Regionen soll probeweise das Landesrecht ausgesetzt werden. „Einfach-mal-machen-Gesetz“, nennt das die CSU.

Learning from China's Special Zones? Bavaria is introducing "model regions" where state law may be temporarily suspended to trial bureaucratic reforms with the aim to facilitate broader adaptation. 由点到面。

Die gegenwärtigen Debatten zur Industrie- und Verteidigungspolitik in Europa könnten noch einiges vom Ostasiatischen Developmental State lernen. Der Staat muss sich das Kapital gefügig machen, wenn das alles klappen soll.

Thanks, didn’t know these, I’ll check them out!

Thanks!

It’s been fantastic! Have you come across anything like it that you’d recommend? Can’t bring myself to sit through other shows.

Peak exploitation