Tropical Storm Leslie Forecast Advisory

Issued at 0900 UTC SAT OCT 12 2024

China tees up fresh spending to boost ailing economy

China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support packages in years. The plan is part of a series of actions undertaken by Beijing to draw […]

The post China tees up fresh spending to boost ailing economy appeared first on Insider Paper.

The State’s War Against Hate

In its so-called war against “hate,” the state determines who are the villains and then instructs everyone else to hate the “haters.” As one might expect, the state then engages in a campaign of vilification and intimidation against the newly-designated enemy.

The Economics of Prepping | Mises Institute

Why do people prep? Are preppers irrational and out of touch with reality?

The Myth of the Entrepreneurial State

While some economists are lauding the idea of the “entrepreneurial state,” the reality is that such a term turns the very concept of entrepreneurship on its head. By nature, the state cannot act as an entrepreneur.

America In The Age Of Nero

America In The Age Of Nero

Authored by J. Peder Zane via RealClearPolitics,

Americans are like members of a quarrelsome family, so intent on arguing their petty grievances around the kitchen table that they don’t smell the rising smoke from the oven. As our nation fumes and the world burns, neither major party presidential candidate is addressing the lapping flames around us.

Kamala Harris and Donald Trump are not simply ignoring our frightening national debtboth vow to ramp it up. Neither candidate has a serious plan to respond to the threats posed by China, Russia, or Iran.

The strangling costs of health care, the sharp decline in mental health, the disintegration of our public schools – which is sharply tied to the breakdown in the family – are all ignored in a race marked by gauzy references to policy and sharp personal attacks.

It’s not just Harris and Trump – our leadership in Washington has long refused to face up to the growing threats to our republic. Their empty promise is that everything is the other side’s fault. Help us annihilate the other guy and everything will be peaches and cream.

A third-grader wouldn’t fall for this nonsense. Neither side can vanquish the other. A Harris victory will not be the death knell of Trump’s populist message; Trump’s win will not defang progressivism’s leftward lurch. Whatever the outcome, we will continue to be a divided, angry nation. And yet, seemingly thoughtful Americans have bought this line hook, line, and sinker.

More importantly, even if one side did seize absolute power, they have no legitimate plan to right the ship of state. Sixty years of Great Society programs have shown us we can’t spend our way out of problems. The 44 years since the Reagan Revolution show us that tax cuts can only set the stage for reforms that have never come – a task that nears the impossible as ever more Americans become dependent on government aid.

America is in a second Age of Nero – our leaders fiddle as the country burns.

In past crises, the strength, resilience, and ingenuity of the American people have saved us from the depths of want and war. It is not clear we retain that grit.

Instead of demanding leadership, we seem content with the bread and circuses of mindless politics more akin to the gladiatorial battle of Rome than the edifying debates of ancient Greece. The broad embrace of victimhood and grievance on both sides has replaced any question of sacrifice for the common good with the desire to demonize our imagined tormentors. If anything, we savor the fight. It makes us feel important, alive – it gives our lives meaning.

Although we have serious problems, we are no longer a serious people. Hence our choice between Donald J. Trump and Kamala Harris.

They are not the disease, however, but a symptom. The first step toward a treatment, if not cure, is obvious: we must reject our empty politics of diversion in order to identify and address our urgent crisis. Honesty really would make a difference. It might also make us happier as we re-channel our energies from angry partisanship into thoughtful partnership.

Still, that would only get us so far. Life teaches that identifying one’s problems is the relatively easy part of change – we all know what’s wrong with the other guy and, sometimes, ourselves. Finding the will and discipline to do something about it is far harder. 

We are sinking before that challenge because it still seems possible to ignore the building fire. Many of us have it pretty good; our fears are mitigated by our confidence in escape. It won’t get me.

Ironically, the fact that much of the rest of the world is crumbling imparts a false sense of security. Instead of seeing those problems as canaries in the coal mine, we think, Hey, we’re still doing okay.

It’s true that history confutes the doomsayers. The world does get better in the long run. But that is little consolation to those whose one short life is spent during the ebbing flow.

History also teaches that judgment for past failure often comes with sudden swiftness, like a thief in the night. As we think about the immense problems we are allowing to smolder, recall Ernest Hemingway’s pithy warning from “The Sun Also Rises.”

“How did you go bankrupt?” one character asks a friend.

“Two ways. Gradually, then suddenly.”

J. Peder Zane is a RealClearInvestigations editor and columnist. He previously worked as a book review editor and book columnist for the News & Observer (Raleigh), where his writing won several national honors. Zane has also worked at the New York Times and taught writing at Duke University and Saint Augustine’s University.

Tyler Durden
Fri, 10/11/2024 – 23:25

These Are The 10 Fastest-Developing Cities On Earth

These Are The 10 Fastest-Developing Cities On Earth

Out of the world’s top 15 growth hubs, 14 are forecast to be located in Asia, according to the Growth Hub Index 2024 by British real estate service Savills.

These cities have been identified as set to develop particularly quickly by 2033, based on indicators measuring rising wealth, expanding economies and the potential for new development and business expansion.

As the following chart, via Statista;’s Anna Fleck, shows, four Indian cities feature in the top 10, with Bengaluru in the top position. It is followed by Ho Chi Minh City in Vietnam and India’s Delhi.

You will find more infographics at Statista

Several reasons are cited for the anticipated rise in Asia, including how many parts of the region have embraced tech-driven growth, while at the same time continuing to benefit from a strong traditional manufacturing sector. Many Asian cities are also forecast to see a growing middle class as personal wealth rises across the region, while at the same time they have strategies to improve connectivity and to invest in infrastructure.

Savills analysts note that innovation hubs can attract new businesses, which in turn increases demand for office space, manufacturing spaces and housing and that if rapid urbanization is managed well, then it can lead to better health outcomes of populations and improved employment prospects and education.

If poorly managed, however, rapid urban growth can exacerbate poverty, crime and health issues.

The Growth Hub Index is based on economic, population and wealth indicators across 230 cities, each with a GDP of at least $50 billion in 2023, to identify the fastest-growing cities. The economic indicators included the city GDP in 2033 and future credit rating as well as the percentage increase in city GDP growth between 2023–2033. The personal wealth indicators measured the percentage increase in city GDP per capita and the percentage increase in the number of households earning more than $70,000 over the 10 years analyzed. Meanwhile, the population indicators focused on the percentage increase in city population and migration between 2023–2033 and the future ratio of dependents to the working-age population in 2033. Only cities with a GDP of $50 billion and up in 2023 were included in the index.

Tyler Durden
Fri, 10/11/2024 – 23:00

Tropical Storm Leslie Forecast Discussion

Issued at 1100 PM AST Fri Oct 11 2024

Tropical Storm Leslie Public Advisory

…LESLIE ACCELERATING NORTHEASTWARD AND SHOULD BECOME EXTRATROPICAL DURING THE NEXT COUPLE OF DAYS…
As of 11:00 PM AST Fri Oct 11
the center of Leslie was located near 29.3, -47.9
with movement NE at 22 mph.
The minimum central pressure was 1001 mb
with maximum sustained winds of about 50 mph.

Tropical Storm Leslie Forecast Advisory

Issued at 0300 UTC SAT OCT 12 2024