Schools receive extra money for pupils claiming free school meals, it’s currently £935 for secondary & £1320 for primary
Short thread on how DfE sneaked out a £250 million cut to school budgets in the middle of a pandemic and how it will impact the poorest and most vulnerable pupils
No publicity, no great public announcement as @educationgovuk cut £1/4 billion from its Pupil Premium budget
Schools receive extra money for pupils claiming free school meals, it’s currently £935 for secondary & £1320 for primary
This gives schools time to encourage FSM registration & check everything before the dataset is used
Then we had COVID
Despite the government’s furlough scheme & other support, we saw a huge increases in job insecurity and a rise in numbers claiming Universal credit
That’s an extra 200,000 pupils below the UC threshold & entitled to FSM
It seems highly likely the numbers continued to rise, especially with a 2 month lag between UC claims & eligibility
They’ve opened food banks, testing centres, provided laptops to vulnerable families, never closing
@educationgovuk announced they would calculate PP using the October census data rather than January’s
Whereas previously PP would have been triggered in January
This deprives schools of around £250,000,000 in extra funding, hitting the poorest communities the hardest
Of course that’s utter claptrap
https://t.co/MsAlsVsw9M
They could have given notice of the change, used this Januarys data and then gone to October next year
@GavinWilliamson saved himself £1/4 billion by taking PP away from thousands of vulnerable children
@educationgovuk didn’t give any notice, it was simply imposed
Schools will know FSM numbers & will budget accordingly, they will have spent money expecting to receive PP
Again it’s the poorest hit hardest
Just imagine if @educationgovuk had been ADDING an extra £250 million to school budgets rather than taking it away
We’d see announcement after announcement, @GavinWilliamson doing the rounds of every TV studio, whimpering on about helping disadvantaged pupils
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Two year back thread on MFI, someone liked this so came up in notifications . Rather than running around 100s of indicators, I have made this my go to indicator under any circumstances and have been using this for years
This thread actually had some great answers , one can learn a lot about the thought processes of different traders from the answers. Please go thru them
What do you think/use as the most robust leading indicator if following technical analysis ? Please answer with reason , I will provide my answer after 2 hours
— Subhadip Nandy (@SubhadipNandy16) August 12, 2019
( At Delhi airport , bored as hell )
This thread actually had some great answers , one can learn a lot about the thought processes of different traders from the answers. Please go thru them
Inflation is coming, inflation is coming!
Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
The full thread can be reviewed here:
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
3/
Industrial commodity prices have also seen a major acceleration for months.
4/
So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
5/
Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
Now, in the short-term, the manufacturing sector is red hot, driven by a pent-up demand rebound in goods consumption.
— Eric Basmajian (@EPBResearch) January 4, 2021
Commodity prices are screaming which gives legs to "goods" inflation in the short-term.
8) pic.twitter.com/rQcqHf1OD0
The full thread can be reviewed here:
Consensus continues to conflate the inflation story, mixing and matching long-term and short-term charts to fit what is generally a secular inflation narrative.
— Eric Basmajian (@EPBResearch) January 4, 2021
Here are my two cents to make the distinction clear.
1)
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
3/
Industrial commodity prices have also seen a major acceleration for months.
4/
So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
5/
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BREAKING: @CommonsCMS @DamianCollins just released previously sealed #Six4Three @Facebook documents:
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x