Economics

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76

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The World Bank updated GDP PPP data for the world's economies on Thursday. Russia is now fourth largest (ahead of Japan and Germany), while China is first. (data.worldbank.org)

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Amazon, Walmart, and Target finally realize their colossal pricing mistake—now they’re slashing costs to win back customers (finance.yahoo.com)

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Russia is producing artillery shells around three times faster than Ukraine's Western allies and for about a quarter of the cost (news.sky.com)

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79

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China isn't dumping dollars. They're dumping banks, and setting up a new financial system. (www.youtube.com)

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China isn't dumping dollars. They're dumping banks, and setting up a new financial system. (www.youtube.com)

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81

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Pluralistic: Red Lobster was killed by private equity, not Endless Shrimp (pluralistic.net)

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What is the point of cruel and deadly border policies if employers could just be penalized for hiring unauthorized labor all along? (lemmy.crimedad.work)

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83

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Is India's economy truly thriving? Or is it exaggerating its growth? (www.youtube.com)

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84

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In 1971, economist Nicholas Kaldor predicted the current problems we see arising from the American trade and payment system under the post-Bretton Woods dollar arrangement. (lemmy.ml)

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https://www.jstor.org/stable/23601991

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Why Are Americans So Angry While Chinese Are Calm? (www.bloomberg.com)

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https://archive.is/H4deh

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China's CIPS (SWIFT competitor) did CNY 123 trillion (~$17 trillion) in business volume in 2023. (www.cips.com.cn)

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87

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Dan Katz and Stephen Miran on Reforming the Federal Reserve’s Governance (www.mercatus.org)

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88

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A study finds that the dollar being global reserve currency props up US living standards. The model in the study suggests as USD hegemony erodes, US living standards will likely fall 27%. (kki.hu)

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89

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Medieval Coins with Rory Naismith - Medievalists.net (www.medievalists.net)

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90

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Is Japan in crisis as yen crashes? Or is USA exporting its economic problems? (www.youtube.com)

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Jobseekers get about $345 less than pensioners each fortnight. This gap is hurting, and is set to widen without change (theconversation.com)

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US Economic Growth Plunges in First Quarter 2024 (www.aier.org)

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93

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Survey finds that 60 firms are responsible for half of world’s plastic pollution (www.theguardian.com)

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When supply creates demand: Yellen’s errors of omission (asiatimes.com)

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95

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Tesla has spent $200,000 advertising on Elon Musk's X so far | TechCrunch (techcrunch.com)

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The March CPI, the Inflation Picture, and the Fed. (www.cepr.net)

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If squatters are such a problem, why don't landlords just hire house-sitters to occupy their un-leased properties? (twitter.com)

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The Spectacular Rise (and Imminent Collapse) of Private Equity (www.youtube.com)

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cross-posted from: https://lemmygrad.ml/post/4149811

Interesting video.

Thoughts?

It's only 13 minutes long.

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Nobel laureate economist savages his own profession as clueless and unethical (www.crikey.com.au)

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Fuck the Cult of Productivity — Do less. Be more. Fuck everything else. (joanwestenberg.medium.com)

submitted 8 months ago by [email protected] to c/[email protected]

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So many of us are caught in the same trap, chasing an ideal of productivity that seems to always be just out of reach.

We wear our busyness like a badge of honour as if being constantly stressed and overworked is something to be proud of.

We live in a world that worships at the altar of productivity. From the moment we wake up to the sound of our alarm clocks, to the final emails we send before collapsing into bed, we are caught in an endless cycle of tasks, deadlines, and expectations.

We are told that success means doing more, achieving more, and being more efficient. But this shitty sidequest, this hamster wheel, this relentless pursuit of productivity is making us less human. It’s making us less happy. And it’s making us less…well, us.