pixel, to money
@pixel@social.pixels.pizza avatar

Global wealth stands at over $454 trillion. This graphic shows how it's distributed, by various levels of net worth.

#DataVisualization #Money #Wealth
https://www.visualcapitalist.com/global-wealth-distribution/

Nonilex, to Law
@Nonilex@masto.ai avatar

Tues 28 May 2024 🧵 to Begin in

faces 34 felony counts of falsifying business records in connection w/a payment made to a porn star to influence the 2016 election. The case could be in the jury’s hands as early as Wed.


https://www.nytimes.com/live/2024/05/28/nyregion/trump-trial-closing-arguments?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

Nonilex,
@Nonilex@masto.ai avatar

, draws on a 2018 recording in which 's lawyer at the time said that his client had “settler’s remorse” for having agreed not to tell her story. Blanche claims that Daniels changed not because she decided to tell the , but because she wanted to make .

Blanche introduces what he calls a “separate conspiracy” between Daniels, , her manager at the time, & , who was the editor of The .

Edent, to FIRE
@Edent@mastodon.social avatar

🆕 blog! “The Telegraph is wrong about FIRE”

Everyone's favourite tabloid, The Daily Telegraph, contains an article decrying the Financial Independence Retire Early philosophy1 I have a mixed relationship with the FIRE movement. It basically boils down to "spend less, save more, then you can retire once you've save 25x your annual spend". That's it. As Michael Taylor writes, some people f…

👀 Read more: https://shkspr.mobi/blog/2024/05/the-telegraph-is-wrong-about-fire/

juergen_hubert, to Germany
@juergen_hubert@thefolklore.cafe avatar
ProPublica, to news
@ProPublica@newsie.social avatar

For the Women Who Accused the Campaign of Harassment, It’s Been More Harassment

Trump is well known for publicly bullying his rivals, but the former president’s campaign has also used similar tactics to launch private, relentless attacks against some of its own workers.

https://www.propublica.org/article/trump-campaign-harassment-bullying-lawsuits

ZhiZhu,
@ZhiZhu@newsie.social avatar

"Trump’s campaign used similar tactics against its own workers. These fights have been waged out of the public eye against with few resources to stand up against the campaign’s battery of , paid from a seemingly bottomless trove of ...

Supporters are giving him money earned with “blood, sweat a& tears,” Denson said. “And it is being turned around to terrorize people.”"

tio, to money

Only accusing the "big companies" for doing all sort of "unethical" things, is like only accusing mass murderers for the killings that they do. Every crime is a crime. Big or small. Small companies do similar shady practices and abuse people or destroy the environment.

But best is to look at the system that creates these entities instead of accusing companies or people.

As long as the underlying practice on this planet is to TRADE or else you are fucked, then this is what we are going to do and prioritize. Thus the evolution of companies and billionaires, waste, pollution, you name it.

#trade #TradeRuinsEverything #capitalism #money #bigtech

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+27787108807 TOP REVENGE SPELLS IN DENMARK, UK, NEWYORK, USA UAE South Africa, PHILIPPINES, Sweden, JERSEY,IN LOS ANGELES, MICHIGAN, NASHVILLE, AUSTIN, CHARLESTON, MADISON, KILL SAMETIME DEATH SPELLS IN ATLANTA....

dlakelan, to Economics
@dlakelan@mastodon.sdf.org avatar

@economics@a.gup.pe

Steve Keen discusses the money creation mechanisms here https://profstevekeen.substack.com/p/why-are-economists-trying-to-hide

A thing I think he doesn't give enough attention to is the role the Fed DOES play. The Fed indirectly controls bank lending rate through a couple mechanisms. The first is whatever rules it has for declaring a bank solvent. They've eliminated reserve requirements but now it's something like a stress test or whatever. A bank can't keep lending

Nonilex, to random
@Nonilex@masto.ai avatar

70 yrs after delivered its landmark decision outlawing school segregation, ranks as perhaps the court’s most venerated decision….
Most everything else related to the decision…is complex.
Nearly 7/10 Americans say more should be done to integrate schools…a figure that has steadily climbed from 30% in 1973….But a deeper look into the views of both Black & White people shows skepticism about the success of ….

https://www.washingtonpost.com/education/2024/05/17/brown-vs-board-70-anniversary-poll/

Nonilex,
@Nonilex@masto.ai avatar

Because of , ofcls may no longer deliberately separate students by —but under more recent orders, they aren’t allowed to deliberately mix them by race either. advocates today have stopped looking to the courts for help & are pursuing lawsuits instead.…some leaders have concluded that the answer is not integration…but more & for high ….

SergKoren, to money
@SergKoren@writing.exchange avatar

What will governments do when currency is no longer used to make the government money?

acemaxxanalytics, to money
@acemaxxanalytics@econtwitter.net avatar

-- some awesome about how fiat money system works … (fiat money is Govt-issued currency that isn’t backed by any such as )

ChrisMayLA6, to money
@ChrisMayLA6@zirk.us avatar

When the UK’s deputy foreign secretary has to admit that around 40% of all money laundered globally likely flows through London & the Crown Dependencies, you can bet that such an estimate will be on the low side.

There are many reasons that the UK's global reputation is increasingly tarnished & the work in financial services to hide & process criminal/illegal funds is contributing to that malaise.

So much for the value of financial services to the UK

https://www.theguardian.com/world/article/2024/may/14/nearly-40-of-dirty-money-is-laundered-in-london-and-uk-crown-dependenies

Nonilex, to Law
@Nonilex@masto.ai avatar
Nonilex,
@Nonilex@masto.ai avatar

is now testifying that he “re-negotiated” certain bills felt were too high. This testimony is significant to the case: it shows Cohen directly interacting w/ Trump on , & Trump minutely focused on what he paid & received.

Cohen says he would keep Trump apprised of each & every task he completed. He says that it was important to him to gain credit from his new boss, & that Trump would tell him he had done a “fantastic” job.

ChrisMayLA6, to money
@ChrisMayLA6@zirk.us avatar

Why not start the day with a little political economy

For those of you new to the idea that money is primarily the result of private credit creation in the banking sector, here's a nice (concise) summary of the position, linking the history of money, the role of the state & the importance of banks credit creation activity.

The key point, is there is no 'natural' economy, only one made from rule/laws of exchange & state interventions.

https://theconversation.com/where-did-money-come-from-229481

ChrisMayLA6, to money
@ChrisMayLA6@zirk.us avatar

Forced cashless society.

Our nearby small market town used to have 3 banks; they're all closed (taking their cash machines with them), and this week one of the two remaining cash machines was removed from the supermarket where it was located.

So, we're down to a single cash machine in an area with a radius (I'm guessing) of around 20 miles.

The cashless society doesn't represent consumer choice, its pace is being forced by financial institutions keen to charge fees on transactions!

timrichards, to australia
@timrichards@aus.social avatar

Fair point - if you're not using digital payments, you should make the effort to get used to them. Cash is (mostly) going away. (This article also contains a guide to getting started with digital.)

Cash is dead. Why are we still pretending it isn’t?

(maybe paywalled) https://www.smh.com.au/money/saving/cash-is-dead-why-are-we-still-pretending-it-isn-t-20240510-p5jcl1.html

sharina_mc1, to Finance
@sharina_mc1@ohai.social avatar

Contrary to popular belief, the financial system isn't broken; it functions precisely as intended. Inflation, often seen as a drawback, actually serves as a deliberate mechanism to discourage saving and incentivize investing.

davemark, to money
@davemark@mastodon.social avatar

Like counting cards in Vegas, but this one was used to beat a TV game show out of some big 💰:

"After weeks of painstaking scrutiny Michael realized that the bouncing prize selector did not actually move randomly; it always followed one of five lengthy sequences"

The show was in 1984, the article from 2011. Via Hacker News.

Great read.

https://www.damninteresting.com/who-wants-to-be-a-thousandaire/

metin, to Economics
@metin@graphics.social avatar
robintw, to money
@robintw@mastodon.me.uk avatar

Really chuffed that I'm starting to get some people donating to me via https://www.buymeacoffee.com/rtwilson as a thank you for geospatial things I've created like the FreeGISData site (https://freegisdata.rtwilson.com/), British Placename Mapper (https://placenames.rtwilson.com/) and my blog (https://blog.rtwilson.com/). It's a relatively small amount of money but it puts a big smile on my face :)

donray, to spain
@donray@mastodon.online avatar

“Everything at 100 pesetas”
(Everything at a low price)

A throwback sign on a side street in Petrer, Alicante, Spain.

The peseta was Spain’s monetary unit from 1868 until 2002 when it was replaced by the euro. The original exchange rate was approximately: 166 pesetas = 1 euro.

dustcircle, to movies
@dustcircle@mastodon.cloud avatar

A secret dinner party in , convened by @elonmusk and , presages a major realignment as turns against and begins flowing to @DonaldTrump .

https://puck.news/elon-musk-david-sacks-host-anti-biden-dinner-party/?ref=am-quickie.ghost.io

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