#Russia fines Google $2.5 decillion for YouTube bans — eclipsing #global #GDP

Russia has fined Google an eye-popping 20 undecillion rubles ($2.5 decillion) for removing Russian state-run and government YouTube channels in the wake of the country’s invasion of Ukraine in 2022.

In other words, Google faces a $2.5 trillion trillion trillion bill from the country. Typed out in full, that figure is $2,500,000,000,000,000,000,000,000,000,000.

Russian news agency TASS reported that Google owes Russia a 36-figure sum for violating the country’s administrative offenses code by banning YouTube channels.

The report added that if Google fails to pay the fine within nine months, it will double every day thereafter, with no upper limit to the final figure. Google will be locked out of Russia until it pays the fine.

Oh dear--

My dear, dear Barry Markson......people who already own homes might be cheering higher property values but those wanting to start families by buying their own homes now, not so much.

♲ Today's Top Quotes ✅ - 2024-09-02 21:56:03 GMT

Happy Labor Day! Just a reminder that inflation is now at 2.5%, gas is 50 cents less per gallon, stock market is at record high, your home is worth more than ever, you have a job that pays more than ever, wages are increasing faster than inflation, airports this weekend broke records for most travelers ever , GDP is up more than ever under Trump (incl before Covid), violent crime is way down. Nothing is ever perfect, but the US is the greatest country on earth and things are looking pretty darn good. Don't believe the lies — Barry Markson #quotes #quote #StrongEconomy #Jobs #StockMarket #Inflation #GDP #TrumpLies #LaborDay

Today's Top Quotes ✅ (@StephenRamirez@universeodon.com)

8.57K Posts, 90 Following, 570 Followers · #quotes #quote

#Israel
#GDP down
National #Debt up.
https://www.reuters.com/world/middle-east/israel-q4-gdp-revised-207-contraction-2nd-estimate-194-2024-03-10/

Many #American #Conservatives might like to critique the #UK as being too #Socialist, many of those critiques may be valid, however, the #USA is not a #Capitalist economic system any more than the UK is, with the #GDP of both nations being comprised of around 40% #government spending.

The USA has been for decades a mixed Capitalist/Socialist economic system. What's most sad about both the UK and #US is that the kind of #Socialism being deployed is actually #corporate Socialism, wherein #taxes are forcibly redistributed to #corporations and the most wealthy. The worst aspects of both systems.

#corporatesocialism #redistribution #angloamerican #economics

https://en.wikipedia.org/wiki/Government_spending_in_the_United_States#State_and_local_government_spending

Government spending in the United States - Wikipedia

Among the many false claims made by various #government media, #corporate media and social #media commentators, such as the UK being a "Liberal Democracy," we are also told how terrible the #capitalist #system in the #UK is and how we need more #Socialism to save us.

While I do agree that crony capitalism and #monopoly capitalism are indeed terrible, we don't actually live in a capitalist economic system, we live in a mixed Capitalist/Socialist #economy, where for the last two sociological generations or more, government spending has comprised more than 40% of all economic activity in the UK.

#cronycapitalism #monopolycapitalism #economics #economicactivity #gdp

https://www.economicshelp.org/blog/5326/economics/government-spending

UK Government spending - real and as % of GDP - Economics Help

Data and charts to show trends in government spending - real spending, as a % of GDP and how government spending is distributed throughout different areas of public spending. (health/education,benefits/pensions)

The Decline is Observable

It’s rapidly becoming readily apparent to everyone, not just me, #WangHunin, #Simplicius, and #AndreiMartyanov, that the decline of the #imperial #UnitedStates is both a) inevitable and b) observable.

The best indicator of #real #GDP per #capita is #energy usage per capita, because everything about a comfortable modern lifestyle takes a lot of energy, energy comes into everything people do and consume. This was rising exponentially to #1972, when the rise suddenly halted. It then started fall, slowly. And suddenly it has now started to fall rather more quickly and dramatically. It looks like three trend regimes: Exponential growth starting in the seventeenth century, then #stagnation and slow decline starting in 1972, and now it looks like the beginning of #dramatic #collapse, looks like the beginning of a sharp break in the trend of slow and gentle decline.

This reflects a #regime ever more #hostile to the #men who made it great, to the #faith that made it great, the #culture that made it great, and #race that made it great.

Notice that no matter what metric is used, 1972-1973 keeps appearing as the high water mark for the #USA. That’s not an accident. 1972 was, from an economic, industrial, and demographic perspective, the moment of Peak America.

Everything since then has been nothing but #decline #disguised by the #collapse of the #SovietUnion.

We can't save the world with electric cars

Going electric does not solve our problems, it only deepens them. As engineers, we must say the opinion of the professionals in the industry is contrary to the mainstream, and for good reason, Zsolt Horváth and Tamás Ignácz write.

We’ve known for a long time that our GDP addiction and capitalist economic model are incompatible with life on Earth.

Scientists kept saying that for decades, yet very little happened. A few years ago, the electrification of passenger vehicles had begun its journey, hoping it could reduce CO2 emissions to save the planet.

Not only does it not help — it worsens the situation, and yet we keep heading towards a disaster.

https://www.euronews.com/next/2023/12/26/we-cant-save-the-world-with-electric-cars

#EV #GlobalWarming #ClimateChange #Co2 #carbon #electric #energy #Green #GreenEnergy #transport #cars #GDP #addictions #capitalism #economic

We can't save the world with electric cars

Going electric does not solve our problems, it only deepens them. As engineers, we must say the opinion of the professionals in the industry is contrary to the mainstream, and for good reason, Zsolt Horváth and Tamás Ignácz write.

GDP & GDP Per Capita of all Muslim Majority Nations, 2023.

These 47 nations collectively represent:

7.51 trillion GDP in USD
10.67 million square miles of land
20.6% of the world's land area
1.61 billion population
19.95% of the world's population
1.27 billion Muslims
72.8% of the world's Muslims
518 mean population density
80 mean population IQ
2.64 homicides per 100k of pop.

#islam #muslim #muslims #ummah #gdp #gdppercapita #wealth #economics #stats #statistics #demography #anthropology #culture #religion #islamicworld #usa #uk #muslimworld #data #information #money #culturalanthropology #comparativereligion #population #land #landarea #homicide #iq #homiciderate #intelligencequotient #israel #palestine #israelpalestinewar #migrants #globalism #refugees #asylees

GDP Per Capita & National Mean IQ for 240 Countries & Dependencies, using Pearson Sample Correlation Coefficient, 2023.

This demonstrates that as mean IQ goes down, GDP Per Capita also goes down, or conversely, as mean IQ goes UP, GDP Per Capita also goes up, with a 0.63 (strong) correlation.

This is in relationship to the graph provided at the following link: https://iviv.hu/posts/1527586

#gdp #gdppercapita #iq #nationalmeaniq #intelligence #intelligencequotient #trend #correlation #data #research #analysis #uk #usa #economics #statistics #civilization #wealth #society #anthropology #genetics #genotypes #neurology #systems #un #eu #europe #asia #africa #middleeast #gnp #wealthcreation #societalsystems #growth #development #competency #mentalability

Correlative Trend Between GDP Per Capita & National Mean IQ for 240 Countries and Dependencies, 2023.

Logic suggests that the higher the mean IQ a people-group exhibits, the more capable they will be to discover, invent, implement, maintain, grow & iterate the complex, interacting societal systems that support economic development & wealth creation.

#gdp #gdppercapita #iq #nationalmeaniq #intelligence #intelligencequotient #trend #correlation #data #research #analysis #uk #usa #economics #statistics #civilization #wealth #society #anthropology #genetics #genotypes #neurology #systems #un #eu #europe #asia #africa #middleeast #gnp #wealthcreation #societalsystems #growth #development #competency #mentalability

quick,
destroy more,
make shoddier,
replace sooner,
externalities, externalities, externalities,
rebrand the devil angelic,
keep telling the slaves they're free,
destroy the competition,
suppress the innovations that obsolete the rents.

look at all that churn.
look at all that wealth transfer.
pay no attention to the orders magnitude more wealth destroyed.
keep calling wealth extraction maximisation "profit".
keep calling poverty a virtue to the impoverished.
keep saying the churn is progress and riches.
trot out worshippers of the Gross Domestic Product.

dont you just love capitalism?
maybe capitalist barons care.
maybe this psycho is best.
believe harder. the lies are true.
buy more.

stay dependent,
on your abuser,
because they took everything.
dont you just love capitalism?

#digitspoems #capitalism #churn #GDP #TheCorporation #ThePsychopath #wealthextractionmaximisation #poverty #marketing #advertising #plannedobsolescence #dependence #austerity #rentierism #rents #barons #bigbaron #buy #buybuybuy #consumerism #economics #freedom #deception #emancipation #oppression #orwellianism

Euronews: #Germany expected to be only major economy not to grow this year

— "According to the latest figures from the International Monetary Fund, Germany's #GDP is forecast to drop 0.3% this year while other countries continue to grow.

• The German #economy is still failing to grow, figures showed on Friday, as the country that should be the industrial powerhouse for all of #Europe struggles with high energy prices, rising borrowing costs and a lagging rebound from key trading partner #China.

• Economic output in Germany stagnated in the April-to-June quarter, the Federal Statistics Office said. That follows a decline of 0.1% in the first three months of the year and a drop of 0.4% in the last three months of 2022 as the energy shock from Russia's war in #Ukraine echoed through Europe's largest economy."
#Russia #UkraineWar

Link
https://archive.is/QgI9P

Putzig, was für Gestalten sich auf einmal Sorgen um »Akzeptanz für den Klimaschutz« machen …
#Kopelke #GdP vs. #LetzteGeneration

Hudson, ever astute, points out what many in the economics world of the West wanted to always ignore.

In addition to having to subsidize domestic European gas to prevent widespread insolvency, a large proportion of German Leopard tanks, U.S. Patriot missiles and other #NATO “wonder weapons” are being destroyed in combat against the Russian army. It has become clear that the U.S. strategy is not simply to “fight to the last Ukrainian,” but to fight to the last tank, missile and other weapon being deleted from NATO stocks. This depletion of NATO’s arms was expected to create a vast replacement market to enrich America’s military-industrial complex. Its NATO customers are being told to increase their military spending to 3 or even 4 percent of #GDP. But the #weak performance of U.S. and #German arms on the Ukrainian battlefield may have crashed this dream, while Europe’s economies are sinking into #depression. Source

Exactly! And, in the end, in warfare the reputation of weapon systems matters and the US military-industrial complex has been finally exposed.
#economy
#investment in #war mostly makes a lot of #money

The #Climate #Question - Is there a greener way to rank successful economies?

Source: https://www.bbc.co.uk/sounds/play/w3ct5bjw

Growth and #GDP have become a kind of religion that leads to us not acting sustainably and not thinking much about this lack of sustainability at decision-maker level.

#economy #politics #climate #environment #change #nature #earth #system #capitalism

The Climate Question - Is there a greener way to rank successful economies? - BBC Sounds

The UN is looking at what might replace Gross Domestic Product as a success indicator.

Schwarz wie die Nacht - korrupt ohne Ende.
#GdP
https://www.lto.de/recht/nachrichten/n/sonderermittlungen-rainer-wendt-affare-polizei-gewerkschaft-bezahlung-befoerderung/

Causa Wendt: Bezahlung und Beförderung rechtswidrig

Generative #AI could raise global #GDP by 7%

Source: https://www.goldmansachs.com/insights/pages/generative-ai-could-raise-global-gdp-by-7-percent.html

A new wave of AI systems may also have a major impact on employment markets around the world. Shifts in workflows triggered by these advances could expose the equivalent of 300 million full-time jobs to automation,

#economy #technology #work #job #society #future

Generative AI Could Raise Global GDP by 7%

#ECB balance sheet rose in the past week by €2.5bn to €7,831.9bn as other claims on euro area credit institutions denominated in euro jumped. ECB's total assets now equal to 59% of Eurozone #GDP vs Fed's 33% and BoJ's 133%.”

#Dconomy #Politics #Capitalism

"Bicycle is the slow #death of the #planet."

⁣
A banker made the economists think this when [they] said:⁣
⁣
“A cyclist is a #disaster for the country’s #economy: [they don't] buy cars and doesn’t borrow #money to buy. [They] don't pay insurance policies. Don't buy fuel, don't pay to have the #car serviced, and no repairs needed. [They don't] use paid parking. Doesn't cause any major accidents. No need for multi-lane highways.⁣
⁣
[They are] not getting obese.⁣
⁣
Healthy people are not necessary or useful to the economy. They are not buying the #medicine. They don't go to hospitals or doctors.⁣
They add nothing to the #country's #GDP.⁣
⁣
"On the contrary, each new McDonald’s store creates at least 30 jobs—actually 10 cardiologists, 10 dentists, 10 dietitians and nutritionists—obviously as well as the #people who #work in the store itself."⁣
⁣
Choose wisely: a #bike or a #McDonald's? It's something to think about.⁣
~ Emeric Sillo⁣
⁣
PS: #walking is even worse. #Pedestrians don't even buy a #bicycle!

#banksters #finance #capitalism #politics #health #society #problem #wisdom #quote #future #environment #emissions #co2 #Transport #highway #traffic #sports #fail

The report found that recovery and reconstruction needs across social, productive, and infrastructure sectors total $349 billion, which is more than 1.5 times the 2021 #GDP of Ukraine. Over the next 36 months the #RDNA assesses that $105 billion is needed to address urgent needs such as restoring #education and #health systems and infrastructure, preparing for the upcoming winter through restoration of heating and #energy to homes, support to agriculture, and repair of vital #transport routes. The safe management of debris and explosives, including landmines, also pose a substantial cost.
The Government of #Ukraine is looking at the specific needs across the different regions ahead of the winter. Based on the highest priorities, tailored recovery and reconstruction plans are being developed to guide a program in each area.
The World Bank and the European Commission confirmed their continued support for the Government of Ukraine. Given the ongoing war, there will be a need for future assessments of damage, loss and reconstruction/recovery needs in Ukraine. The Swiss State Secretariat for Economic Affairs ( #SECO) has committed financial support for this purpose.

https://euromaidanpress.com/2022/09/09/349-bn-needed-to-rebuild-ukraine-world-bank/ #eu #war #wb