Charts showing that the PBO estimates that in this current financial year the discount will cost $21.8bn in revenue forgone. The richest 1% will get 59% or $12.9bn of it:
John Howard brought in a tax policy that delivers 59% of the benefit to the richest 1%.
It truly is time to ditch the Capital Gains Tax 50% discount
www.theguardian.com/business/gro...
I had no idea the material conditions in Iran had degraded so badly. As the speaker, Prof Fatemeh Shams explains later, these are explosive, borderline revolutionary conditions, much more serious than previous rounds of mass protest
....Did anyone actually listen to Woods' statement??
Woods specifies it's "uninvestable" *today*, lays out a series of changes that would be needed to make investable, and then says "We're confident that with this administration and President Trump....those changes can be put in place
The reactionary centrist logic is simple: if the left does something bad it’s the left’s fault, and if the right does something bad, it’s also the left’s fault for making them do it. It’s a simple formula and once you see it every one of their arguments is the same
Headline: 90 percent of Reform-supporting comments on social media are bots
Nobody could have predicted this.
I challenged myself to rent an electric car #EV in the UK & yes there were some ups and downs, but I would do it again - here are some tips for anyone considering an EV rental when traveling medium.com/@jjwalsh/ele...
Under the Treason Felony Act 1848, it is a crime punishable by life imprisonment to intimidate parliament or encourage any foreign power to invade the U.K.
We should be applying this law to every traitor openly calling for the U.S to depose our democratically elected government.
Figure ES-1: Annual federal production subsidies to fossil fuels, by fuel type, with additional subsidies added in the One Big Beautiful Bill Act of 2025 Source: Oil Change International analysis of data from various sources. See Appendices I and II for more details. a See Appendix I b See Appendix II Estimated Subsidies 0 5 10 15 20 25 30 35 40 Billion USD New coal subsidies New oil & gas subsidies Legacy coal subsidies Legacy oil & gas subsidies
Just to restate this very clearly: the fossil fuel industry isn't a normal business. They are powerful enough to draw subsidies and other forms of gov't intervention for otherwise unprofitable ventures.
They are just absurdly good at this.
oilchange.org/news/us-foss...
Chevron Corp NYSE: CVX 155,90 USD +5.69 (3.79%)past 5 days Closed: 5 Jan, 06:13 GMT-5 • Disclaimer
The fossil fuel companies are insisting they're not interested in increasing oil extraction in Venezuela but their investors / shareholders don't seem to believe them
Media outlets have played no small part in this. Not just News Corp. They consider it their sacred duty to make the fallout as racist and harmful as possible
How we beat back the corporate takeover of America:
1. Break up corporate monopolies
2. Continue building union power
3. End Citizens United and get big money out of politics
Let’s keep working to unrig the system.
Actual climate scientist here. 2.5C is on the optimistic end of the literature on current policy outcomes, which spans the range from 2.3C to 3C. I wrote a review of the literature on the subject earlier this year: journals.sagepub.com/doi/10.1177/...
The UK, where the day after a decision to take half a million children out of poverty, the media & political world has been full of sneering at those same children & their families, labelling them as ‘Benefits Street’, while the same people are moaning about a tax on £2m mansions. Shameful stuff.
Imagine showing a petrol engine to someone who had only known electric vehicles, and trying to convince them to switch to petrol. No-one would choose the dirty, noisy, less efficient, more expensive vehicle. This isn't 1910, hostage to gender insecurity. We can just choose the better tech.
The climate crisis won’t wait and neither will we. With this team, we’ll meet it head-on.
New York City helped my mother become the artist she is today. The next generation deserves a City Hall that lifts up tomorrow's artists as well.
i’ve said this before and i remain convinced it’s true, the 2028 platform that would deliver obama 08 results is “i am gonna
bring the hammer down on the corrupt self-dealing politicians and their rich friends and there are no sacred cows id give a pass”
It's astounding how much CO₂ we put into the atmosphere each year by burning fossil fuels.
For comparison, we all agree that plastic pollution is bad, but the mass of ALL THE PLASTIC humanity has ever produced is only 25% of the CO₂ we emitted into the atmosphere in 2025.
"In an internal memo from September, CEO Sam Altman said that OpenAI’s “audacious long-term goal is to build 250 gigawatts of capacity by 2033.” If Altman achieves this goal, OpenAI will need almost exactly as much electricity as India’s 1.5 billion people"
Great @truthdig.com piece on chips ->
virtue signalling is good actually
The word "growth" is a core term in the language of climate politics. As we just saw, climate economists estimate the costs of climate damages relative to the amount of economic growth they project into the twenty-first century, and by and large they assume that such growth will continue no matter how hot and chaotic the planet gets. Their belief in a future of continued economic growth enables another idea sometimes used to justify sustaining the fossil- fuel economy: the idea that economic growth is itself a climate-change solution, a form of environmental protection that will shield the prosperous from climate devastation. This belief is so bipartisan, so ubiquitous, that it's not quite accurate to call it propaganda. It's best understood as a *myth*. This myth is often taken for reality by both fossil-fuel partisans on the right and climate-conscious progressives on the center-left.
Today feels like a good day to remind everyone that there is literally no empirical evidence that economic growth will just continue if the world heats up to, say, 3°C by 2100.
Continued growth is just *assumed* in every economic model of the relationship between temperatures and growth.
🧵
This NYT story about how Mamdani dealt with the opposition by the city's elites fails to mention one particular elite institution: The NYT editorial page, which last June railed against him as "uniquely unsuited to the city’s challenges... lacks political savvy"
www.nytimes.com/2025/11/04/n...
1/
A highlight of last night I'm not seeing much today:
Spanberger, Shirrell, and Mamdani all won clear majorities of young male voters last night.
Republicans thought they had a permanent hold over young men. They didn't.
Spanberger wins men 18-29 by 14%, Sherrill by 10%, and Mamdani by a stunning 40%.
A sneak peek at the cover of next week’s issue, which celebrates Zohran Mamdani’s historic win. #NewYorkerCovers
https://newyorkermag.visitlink.me/451hFM
Totals by Candidate 11 Zohran Kwame Mamdani 1012850 50.32% 12 Curtis A. Sliwa 144123 7.16% | 13 Irene Estrada 2575 0.13% | 14 Eric L. Adams 6182 0.31%| 15 Joseph Hernandez 1228 0.06% 16 Andrew M. Cuomo 837398 41.61% 17 Jim Walden 2128 0.11% | 18 WRITE-IN 6163 0.31% | 2012647
Mamdani cracks 1M votes, the first NYC mayor to do so since John Lindsay in 1969
BREAKING: Zohran Mamdani wins the New York City mayoral race, NBC News projects. nbcnews.to/4nIzNUC
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/4e0a9a30-b014-4745-afe5-c841e36b41da?shareType=nongift A phalanx of US officials intimidated African and small Pacific and Caribbean island countries into dropping support for the framework, which would have imposed a carbon emissions levy on shipping, according to people present at the talks at the headquarters of the UN’s International Maritime Organization in London. The US group included eight people, according to one person present. The intimidation included approaching country officials during coffee breaks to warn them they might not be able to transit via the US, or that they and their families could face restrictions on entering the country if they acted against American interests, according to five people at the talks, including two from countries that were directly threatened. US President Donald Trump has branded the framework a “global green new scam tax on shipping”, and in a social media post last month called for it to be blocked.
Seriously nuts: the US threatened African and small Pacific and Caribbean island diplomats with cancelled visas and refused entry if they didn't vote against a shipping carbon price.
"Bullying" doesn't do this justice. They're gangsters and criminals.
www.ft.com/content/4e0a...
