In reality back on the planet here, the average American already services thousands of consumer debt a monthly, in addition to other bills such as mortgages/rent and other essential spending.
Many assumptions are made here, eg, the average consumer has the credit profile to attract interest free financing for 15 months
We suggest you look into more realistic measures
Many assumptions are made here, eg, the average consumer has the credit profile to attract interest free financing for 15 months
We suggest you look into more realistic measures
why would you skip over the part where i said pay it at $200/mo while reading my tweet?
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“Easily put this on a 15 month 0% APR credit card”
So what happens after the 15 months and the 0% APR turns into 27% APR
Anyway, the ballooning of consumer debt is another discussion entirely. Goodluck to all
So what happens after the 15 months and the 0% APR turns into 27% APR
Anyway, the ballooning of consumer debt is another discussion entirely. Goodluck to all
A typical American/Canadian has easy access to capital. A typical American can easily put this on a 15 month 0% APR Credit card and pay it off at $200/mo
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If you want to read about geopolitics, always come to Responsible Statecraft. These things should be obvious. Haiti is more than a military problem. It’s a very wicked problem
"Security-first missions without political legitimacy or negotiation keep backfiring. Washington’s most useful role now is to stop supplying the guns, the cash, and the misery."
responsiblestatecraft.org/haiti-el-salva…
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Mayowa A. Balogun retweeted
CJ Stroud This Season:
• 2,351 yards
• 17 TD
• 2 INT
Texans are 3-5.
But CJ Stroud is the NFL MVP right now.
• 2,351 yards
• 17 TD
• 2 INT
Texans are 3-5.
But CJ Stroud is the NFL MVP right now.
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😭😭😭
Yes. Per the 2024 book Lucky Loser by NYT reporters Russ Buettner and Susanne Craig, Trump borrowed classmate Michael Scadron’s dress jacket (with its dozen medals attached) for his New York Military Academy senior yearbook portrait. Scadron confirmed: “He’s wearing my medals on his uniform.” Trump had earned only a few of his own for neatness and conduct.
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Mayowa A. Balogun retweeted
When Schumer was still in "duck and cover" mode after 2024, Van Hollen flew to El Salvador where Kilmar Ábrego García had been illegally sent to CECOT and did not stop until Trump was forced to follow the law.
This is the kind of voice that should be leading Democrats right now.
This is the kind of voice that should be leading Democrats right now.
NEW: Sen. Chris Van Hollen is now open to a run against Senate Minority Leader Chuck Schumer
Van Hollen has "received an outpouring of calls and is now in active listening mode," according to a person familiar w/ his thinking around leadership
"The door is not shut," the person added
Van Hollen is a leading progressive & has said he needs commitments from Schumer before agreeing to support him for another term as leader. The Maryland Democrat has also been eyeing a presidential run
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Wow
A 28-year-old UMass graduate student got a homework assignment to reproduce a famous economics paper, couldn't make the numbers match, and found a spreadsheet mistake in a study that politicians had used to argue for budget cuts.
His name is Thomas Herndon.
In 2010, two Harvard hart and Kenneth Rogoff, published a short paper called Growth in a Time of Debt. Its headline finding: once a country's public debt goes above 90% of its economy, growth falls off a cliff. In their numbers, average growth for that group was minus 0.1%.
It came out right after the 2008 financial crisis, and it spread fast. In the US, the Paul Ryan budget cited it as its only evidence on what high debt does to growth.
In Europe, an EU commissioner pointed to the research in a speech. In Britain, George Osborne cited the authors by name.
Herndon was a PhD student at the University of Massachusetts Amherst, taking a class called Econ 753: Applied Econometrics. The big assignment was to pick a well-known paper and replicate it.
He picked this one. He couldn't get the same results.
He asked the authors for their spreadsheet, and they sent it. When he spotted the problem, he called his girlfriend over to make sure he wasn't seeing things.
He wasn't.
> One formula stopped five rows short
> That quietly left out five countries: Australia, Austria, Belgium, Canada and Denmark
> Some available years of data for other countries weren't included
> The way the averages were weighted let a single bad year in one country count as much as decades in another
Herndon and his professors, Michael Ash and Robert Pollin, published the critique in April 2013. Fixing the problems, average growth for the high-debt countries came out to 2.2%, not minus 0.1%.
Reinhart and Rogoff publicly admitted the spreadsheet error. They disputed the other criticisms and defended their broader view. Economists still argue about debt and growth today.
But the formula was wrong, and for about three years nobody had publicly caught it.
A student doing homework did.
Most people assume famous research has been checked many times. Often the first person to really check it is someone with nothing to lose and an assignment due.
Have you ever found a mistake in your boss's spreadsheet and kept quiet?
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Mayowa A. Balogun retweeted
No surprise that western governments are running short of China experts. People with genuine China expertise in western governments find themselves often regarded as too understanding of Chinese positions. Their expertise is exploited when expedient and more often disregarded as politically inconvenient. They usually will have a boss who is hostile to China, not by accident. Their promotion prospects will tend to depend on confidence that although expert, they are not interested in China and, preferably, hostile to China. Seeing all this happening, younger staff steer clear of making too much investment in acquiring Chinese experience and skills. Anyone with actual recent experience of living in China is likely to be excluded from ability to get a security clearance and so unemployable in government. The result is western governments flying ever blinder and more prejudiced on China.
UK faces China expertise crunch after exodus of senior diplomats ft.trib.al/x8WJeSQ
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I like athletes talking back. Fair game
Bronny James has words with a fan in Detroit:
“Can you run a mile? How much money you make a year?” 💀
(via @FadeAwayMedia)
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Mayowa A. Balogun retweeted
The #Eagles used a 1st-round pick on DT Jordan Davis. Had him for 4 1⁄2 years. Then traded him for a 1st- and 2nd-round pick.
The #Eagles used a 2nd-round pick on C Cam Jurgens. Had him for 4 1⁄2 years. Then traded him for a 2nd-round pick.
The #Eagles traded a 1st-round pick for AJ Brown. Had him for four years. Then traded him for a 1st-round pick.
The #Eagles used a 2nd-round pick on C Cam Jurgens. Had him for 4 1⁄2 years. Then traded him for a 2nd-round pick.
The #Eagles traded a 1st-round pick for AJ Brown. Had him for four years. Then traded him for a 1st-round pick.
BREAKING: The #Jaguars are trading a 1st-round pick (2027) and a 2nd-round pick (2029) to the #Eagles for DT Jordan Davis, per @AdamSchefter.
A bombshell trade as JAX is going for it.
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I said a few days ago that I respect her for not aspiring for a higher political office despite her profile. Shes not even tried to go to the senate. A real trooper
AOC: I am not running for speaker. It is not my ministry. And it's not to say that — and I know that might make some people mad or what have you, but I'm with the people. I am an organizer. And there are internal-facing jobs and responsibilities and leadership positions, and ng responsibilities and leadership positions.
For me to be speaker, I would have to give up my public platform, I would say, or it would be much harder. And my primary responsibility would be tending to the House majority, spending all of my time both doing these things. And it's not to say that I don't have capacities like this, but there are certain external-facing talents, internal-facing talents, and a combination of those talents.
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I said a few days ago that I respect her for not aspiring for a higher political office despite her profile. Shes not even tried to go to the senate. A real trooper
AOC: I am not running for speaker. It is not my ministry. And it's not to say that — and I know that might make some people mad or what have you, but I'm with the people. I am an organizer. And there are internal-facing jobs and responsibilities and leadership positions, and ng responsibilities and leadership positions.
For me to be speaker, I would have to give up my public platform, I would say, or it would be much harder. And my primary responsibility would be tending to the House majority, spending all of my time both doing these things. And it's not to say that I don't have capacities like this, but there are certain external-facing talents, internal-facing talents, and a combination of those talents.
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In addition to this, Nigerians already pay a myriad of taxes that the government just does not… collect directly
x.com/sweeegu/status…
x.com/sweeegu/status…
Tax collection is where state capacity building usually starts. To collect taxes effectively, you have to build a bureaucracy that can actually collect the taxes - without being beaten to a pulp by irate citizens.
And tax collection shouldn't be treated in isolation, it is part of a "social contract". Nobody would pay taxes in Britain, if there was very limited spending on social services, and politicians used tax money to acquire private jets.
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