#PeakBlogging2011 ) years ago and this Groundhog post from @DavidGolemXIV @scientificecon @jbhearn @DavidGolemXIV @financialeyes @JoeBlob20 @wiki_ballot @GrubStreetJorno @Pathos14658352 @Lloyd__Evans There is no #CovidCrisis #ClimateCrisis
#GFCPt2
https://t.co/QGutbtW0Ev https://t.co/AwvmN9AWqu

https://t.co/tGxQi7Rb8z
ONE FLU OVER THE CUCKOOS NEST. BORIS AND MATTS’ ECONOMY WITH THE ACTUALITE. NHS SPIN RUNNING ON LEAN #COVIDSTROIKA #WHATHAPPENEDTOFLU WHERE DID ALL THE BEDS GO? #EUROMOMO

https://t.co/zndfQwFV4A
#ConquestofDough #CovidPurpose
Are we looking for a solution?

I am bemused by those who demand that we repay the UK government’s debt. It makes me wonder, do they know what it is? And how do they think it can be repaid? And do they appreciate the consequences? A thread is coming on......bear with me, because I think you need to know this.

First, what is the UK government’s debt? I’ve immersed myself in this issue and can confidently say the Office for National Statistics’s figures are wrong, most especially because they claim that the UK government is in debt by owing money to itself. That’s not possible.

Whatever the Office for National Statistics like to claim, money you owe yourself is not debt, and so quantitative easing cancels about £800 billion of UK national debt right now. There are other mistakes in their numbers, but I’ll just stick with this one for the moment.

So, if the ONS claim the national debt is around £2.1 trillion at present, it isn’t. Allowing for the UK government owning around £800 billion of its own debt the figure reduces to maybe £1.3 trillion, give or take a bit. But that, I hasten to add, is not the end of the story.

It’s important to understand that the ONS includes some things few would think of as debt in their figures. For example, around £200 billion (£0.2 trillion) of National Savings balances are included in the national debt. Whoever knew Premium Bond holders were such a burden?

First Minister @NicolaSturgeon: "Good afternoon, and thanks for joining us today. I've got quite a lot to cover in my opening remarks today so please bear with me, but it's all by way of important and, I hope, useful update to you."

NS: "First of all, to today's statistics. The total number of positive cases reported yesterday was 2,649."

NS: "That is 11.3% of the total number of tests carried out, and the total number of confirmed cases is now 143,715."

NS: "660 of the new cases are in Greater Glasgow and Clyde, 389 in Lanarkshire, 357 in Lothian and 302 in Tayside. The remaining cases are across 9 other health board areas."

NS: "I can also confirm that 1,467 people are currently in hospital. That is an increase of 83 from yesterday."

Thread:
I'm thinking about Tim Keller's influence.

There is the curious fact that Keller is well-regarded among the culture elite (or at least has not suffered the sort of vilification one might expect given his influence). How can we explain this?

Looking at Prodigal God and other writings, you see that his approach to urban ministry is deeply political in a way that appeals to Democrat-heavy cities. It involves two moves:

1) equalizing sins: elevating the sin of hypocrisy, "moralism," and "religion" (the sins of "conservatives") and equating these with the sins tolerated among liberal (e.g., homosexuality)
&
2) emphasizing "self-righteousness" as a sort of chief sin (the sin of "red states").

Keller effectively downplays the sins that liberals tolerate while elevating the sins of their political enemies, the red state conservatives.

But the greatest appeal to liberals is that critiquing the "self-righteous" vilifies political action, particularly the action of social conservatives (e.g., anti-gay marriage). And the equalization of sins eases concerns over changes in social policy (e.g., gay marriage).

Most recent T&T data now out, covers 4th - 10th Feb

LFD use continues to rise but more slowly than last week and T&T performance remains consistent.

And as ever we don't know about who isn't tested and who struggles to isolate.

🧵

https://t.co/lffa72M9YJ

The number of people being tested each week remains high at around 3m, but this is due to increasing use of rapid lateral flow devices as PCR test use falls.

The number of LFDs used has increased five-fold since the start of Jan, and 35% in the past two weeks (although noticeable slowdown this most recent week).

By contrast, PCR test use for people with symptoms fallen week on week for the past month (PHE positivity data due later).

LFDs are generally used by people without symptoms to find cases that might otherwise unknowingly transmit disease. Current use focuses in places like schools, health and care, some workplaces, and community testing sites run by local gov for people who can't work from home.

There's definite variation in their use across the country (but note chart isn't pop adjusted) and as mentioned last week, will need to keep close eye on how use varies, particularly among more vulnerable and deprived groups.

Need to mitigate any unintended harm, esp around jobs

Keir Starmer giving his most important speech yet-laying out his vision for the future.

“The Conservatives say they want to build back. But I don’t want to go back. You can’t return to business as usual. And certainly not back to an economy rooted in insecurity and inequality.”

"The foundations of our society have been weakened over a decade...even before the pandemic life expectancy had stalled for the first time in a century. Child poverty had shot up to over 4 million. A child growing up in a deprived areas of the North East can expect to live for.."

"...five fewer years than a deprived child brought up in a deprived area of London. What sort of legacy is that for a party which has been in govt for a decade? That life itself got cheaper. And shorter."

"During the last year my thoughts have returned time and time again to the wartime generation. Those who suffered the horrors of WW2, who rebuilt Britain from the rubble of the Blitz, created the NHS and built millions of homes fit for heroes. And I contrast that...

"...to those exposed to Covid in underfunded care homes, unable to say goodbye to families and to loved ones. How can the PM look those families in the eye and say 'we did everything we could'? When the truth is the Tories failed to fix social care for a decade?"