Lone Candle
Champion of Truth
Venezuela was almost removed from power, but he survived and then was able to sell more oil thanks to the Americans wanting more oil on the market to counter the scarcity caused by the Ukraine war.
https://www.youtube.com/watch?v=w6jdF6e0hLc
“Iranian photographer Tannaz was on her way to Tehran’s airport when European sanctions on flag carrier Iran Air forced her to return home, unable to make it to work in Paris.
It was within hours of the European Union announcing measures last week against prominent Iranian officials and entities, including airlines, accused of involvement in the transfer of missiles and drones for Russia to use in its war against Ukraine.”
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“Iran Air, far cheaper than its foreign competition, was “the only airline that flew to Europe in our country”, said Maghsoud Asadi Samani of the national airline association.
“With the new European Union sanctions against Iran Air, no Iranian aircraft will fly to Europe”, news agency ILNA quoted Samani as saying.”
https://www.yahoo.com/news/irans-aviation-woes-compounded-latest-033159516.html
The Economic Theory That Explains Why Americans Are So Mad
https://www.youtube.com/watch?v=W4CrSLiTlxA
“In a rare instance of agreement, Republicans and Democrats have converged on the idea that “Buy American” provisions should be expanded in order to increase American jobs. But a new paper finds that existing federal rules impose high costs on consumers.
A September 2024 working paper published by the National Bureau for Economic Research (NBER) found the Buy American Act has created more than 50,000 jobs. Just one catch: Each one of those jobs costs the economy more than $100,000.”
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“The economists say “they find scant evidence of the use of Buy American rules as an effective industrial policy.” The BAA does not promote economic growth; it’s a costly “employment measure” that benefits a few by robbing all.”
https://reason.com/2024/10/04/federal-buy-american-rules-cost-over-100000-per-job-created/
“three-year pilot of Sam Altman’s that provided $1,000 a month to 1,000 people in Texas and Illinois and compared that group to a control group of 2,000 people who got $50 a month. Every participant was between the ages of 21 and 40.”
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“”saturation” pilots where entire communities receive basic income instead of only individuals spread across a large area. When basic income is provided to people here and there, local economies aren’t stimulated by the spending of the money and new jobs aren’t created by employers needing to hire more employees to meet higher demand. It’s one thing to provide money to an entrepreneur. It’s another to do that and also provide their business lots of customers with money to spend.”
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“Employment can increase or decrease along two measures: the binary state of working a job or not and the number of hours worked. On average, those who got basic income were two percentage points less likely to be employed and worked about 1.3 fewer hours per week.”
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“The employment of both groups greatly increased.”
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“A weekly drop of 1.3 hours works out to about 15 minutes a workday. That’s an extra break or a slightly longer lunch. On an annual basis, it’s equivalent to 8 days a year. That’s a week-long paid vacation.”
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“there were no significant decreases in employment status and hours worked among childless adults or those over age 30.”
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“”Recipients who were single parents at the time of enrollment were about 3.9 percentage points less likely to be employed and worked an average of 2.8 hours less per week than single parent control participants. For recipients who were not single parents at enrollment, we do not find statistically significant effects on employment or hours worked.””
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“The reason that parents respond differently should be obvious. They aren’t working less. They are switching from paid work to unpaid work. They’re putting their kids first.”
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“”There was no statistically significant effect on employment or hours worked for recipients over 30. In contrast, recipients under 30 were roughly 4 percentage points less likely to be employed and worked an average of 1.8 fewer hours per week compared to control participants. We also observe larger effects on formal education among those in this age group, suggesting younger adults may be more likely to use the money to enroll in post-secondary education and work fewer hours while in school, though this alone would not account for the observed differences in employment.””
https://www.scottsantens.com/did-sam-altman-basic-income-experiment-succeed-or-fail-ubi/
“A new study by the Costs of War Project at Brown University pinned down exactly what that cost is: at least $22.76 billion from October 7, 2023, to September 30, 2024. The bulk of the money, $17.9 billion, was spent on U.S. aid to the Israeli military—both financial grants given to Israel to purchase weapons, and the cost of replacing munitions such as artillery shells sent directly from American stockpiles to the Israeli army.”
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“The study only counts the direct burden on the U.S. military budget. It doesn’t include indirect costs, “such as increased U.S. security assistance to Egypt, Saudi Arabia or any other countries, and costs to the commercial airline industry and to U.S. consumers.” Nor does it count the $1 billion in U.S. humanitarian aid to Palestinians.”
https://reason.com/2024/10/08/a-year-of-war-in-the-middle-east-cost-americans-nearly-23-billion/
Trump made peace with the Taliban, stopped fighting with them directly, pulled out U.S. forces, leaving behind a rump force, and agreed to fully pull out during the next term, which ended up being Biden’s term, leaving Biden the choice of reneging on Trump’s deal and restarting the war directly with the Taliban which would require more troops, or pull out.
Hitler stole land with the threat of military force and with military force, Europe allowed it hoping Hitler would be satisfied. This history is reminiscent of Putin’s actions.
https://www.youtube.com/watch?v=wZmB1eCiaNs
“The federal government posted a $1.8 trillion budget deficit during the fiscal year that ended on September 30, despite an increase in tax revenue, thanks to higher spending and the rapid growth of interest costs tied to the $35.6 trillion national debt.”
https://reason.com/2024/10/09/budget-deficit-hit-1-8-trillion-after-huge-increase-in-borrowing-costs/
“big study gave 1,000 low-income people $1,000 per month for three years—no strings attached. What happened?
Not the great things that were promised. After three years of getting $1,000/month, UBI recipients were actually a little deeper in debt than before.
Why? Because they worked less. Their partners did, too.
Some recipients talked about starting businesses, but few actually tried it. Most who said they did start a business waited until the third year of the study—when their free money was about to end.”
https://reason.com/2024/10/09/universal-basic-income-shows-why-giving-people-free-money-doesnt-work/
“According to brand-new Congressional Budget Office (CBO) numbers, the 2024 budget deficit is around $1.8 trillion. It’s heading to $2.8 trillion in 10 years, assuming a very rosy scenario. Worrisome too is that interest payments on government debt will eat up over 20 percent of revenue in 2025. As the Hoover Institution’s Joshua Rauh noted, if you remove the revenue earmarked for the Social Security Old Age and Disability Insurance program, that number jumps to 27.9 percent and rising.”
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“Three months into the term and four months after the last $900 billion COVID-19 relief bill, the Biden-Harris administration pushed through another $1.9 trillion bill. This spending was so out of proportion with the state of the economy, which faced an output gap of only $420 billion, that we suffered the worst inflation in 40 years. This wasn’t just a serious hit to the deficit—it also cost the typical family more than $10,000.
The administration then decided to push several large, unpaid-for bills. Riedl lists some: “$1.4 trillion in new spending in omnibus appropriations bills, $620 billion in student loan bailouts, $520 billion for new veterans’ benefits, a $440 billion infrastructure law, a semiconductor bill, and $360 billion in new [Supplemental Nutrition Assistance Program] and health spending forced through by executive order.”
Some economists wrongly insisted that adding debt is no big deal as long as interest rates are low. This condition certainly doesn’t apply to the Biden-Harris spending spree. Add it all up, including interest payments on the debt, and you get $5 trillion on top of what was already there.”
https://reason.com/2024/10/10/biden-and-harris-record-on-spending-and-debt-is-a-tragedy-of-epic-proportion/