"There is no instance of a nation benefitting from prolonged warfare." -Sun Tzu, The Art of War DISCLAIMER The following events were done by deranged individuals with complete disregard for their own physical and mental well-being. Please do not attempt this at home. My name is Technoblade and I'm the fastest skyblock player alive. To the outside world I'm an ordinary Minecraft youtuber, but secretly I've spent the last year fighting to maintain my spot as the number 1 potato farmer in Skyblock. Opposing me is Squid Kid, the former rank number 1. A man whose obsession with potatoes is rivalled only by my own. In my last video I talked about how the newly added rabbit pet could at its highest level could increase the amount of potatoes my minions made by 30% but I knew Squid would watch my video to find out my tactics so I left out a few of the finer details. See the boost from rabbit pets isn't the same as flycatchers or catalysts, you have to be there.. on the island for the boost to take effect. Once you log off or go to somewhere else on skyblock that boost is gone until you come back. But while I was experimenting with the rabbit pet I uncovered a few interesting facts about how the boost works for instance: Rabbit pets can boost other people's minions if you're visiting their island as a guest, but minions can only get boosted by one rabbit at a time so you cant just get 20 accounts with rabbit pets for infinite potatoes. The third thing I found was the most interesting and this is what Squid Kid didn't know. If there's multiple rabbit pets on the same island which one boosts the minions? You'd think it'd be the strongest one but it's not! If there's multiple rabbits the minions will be boosted by the one belonging to whoever's been on the island the longest. So hypothetically speaking if someone went to their island with their level 100 rabbit when someone was already there with the level 1 one, they wouldn't get their rabbit's 30% boost, they'd get the level 1's 0.3% boost. Unrelated fun fact, did you know that squid kid's island is still open to visitors? Yeah that's right we're doing this again... So I bought a new Minecraft account, slapped a level 1 legendary rabbit pet onto it and shipped it off to Squid Kid's AFK pool! I knew I had to maintain absolute secrecy- I didn't even tell my goons about this because I knew once Squid got wind of this it would be trivially easy for him to prevent it. I waited until the day I released the second Potato War video to start, after that video tourists flocked to Squid Kid's island to see it for themselves, my alt blended right in. Everday my alt would sit there in Squid Kid's afk pool to maintain rabbit priority in fact it usually had the rabbit pet deactivated during the day since you don't need to have the pet out to keep priority and since the rabbit was deactivated if squid checked his minions during the day he'd find nothing wrong with them. But every night around 2am Squid would leave his account AFK and go to bed and that's when I'd strike overriding his rabbit pet boost for the rest of the night and yes I memorized Squid's sleeping schedule, I mean at this point how is that even a question of course I did but unfortunately complications soon arose. Squid and I had both been rushing to get our rabbit pets to level 100 and I had a pretty heavy lead and I figured it'd take Squid several more weeks to get his there, but unfortunately and unknwon third party got there first and sold his level 100 legendary rabbit directly to Squid. Of course he didn't forget to brag about this victory on stream. Squid: "Oh my oh my, you know who doesn't have a level 100 pet, yikes he has a level 99 rabbit pet, he's poor, it's only level 99 I'm screaming ahhhhhhhhh." Little did he know that while he was flexing on stream, my alt was right there on his island overriding his level 100 bonus. But my problems didn't stop there you see, Squid got an alt account to AFK with his rabbit pet on his island while he was doing other things and since the alt account had no reason to ever leave his island it became much harder to keep control of pet priority and sometimes when I had priority he'd end up kicking everyone from his island because it was too full for his alt account meaning I had lost priority for the rest of the day. I was going to counter this by spending $30 to buy his alt MVP++ since that rank can bypass guesting limits #ad but unfortunately on March 20th my alt was kicked and Squid's island was closed forever. The jig was up but by that point I'd already achieved my objective. The two weeks it took to realize what was going on cost him about 2 million potatoes. Bit of a tangent but I'm pretty sure I lost a few fans over the rabbit pet because everyone would just be hanging out, they'd just be chilling on my island with their level 30 rabbits activated and I'd come see that and I don't care if it's intentional or not but they're sabotaging my potatoes! So I'd kick them out of my island to get priority back and they they'd come back 10 seconds later like: "Why did you kick me Technoblade? I just wanted to meet my favourite youtuber :(" And I'd be like woah woah relax dude relax it's not a big deal, I have a really good reason I just can't tell you because it is a secret and then you're like: "It's okay Technoblade I know the reason.. It's because you hate ME SPECIFICALLY I'll just go leave forever now." And I'm just like WAIT come back noooo so Squid closed his island which meant I couldn't sabotage him anymore, but what if I told you that was also part of my master plan? You ever noticed how my island has been open to visitors during the potato war? In the last video I explained: "I made an AFK machine on my island so planted potatoes would keep growing even why I wasn't online." I was actually using an advanced technique there called LYING, this clip of the AFK pool was from November, I didn't even make the manual farm until January! You might recall from the first Potato War video depending on whether there's people on the island or not. Because if no one is on the island, Hypixel's not gonna waste resources keeping that server online so they are going to close the server and then when you come back they're gonna go oh well it's been 7 hours and it's gonna run a calculation and give you 7 hours worth of stuff. But as we've seen before that calculation isn't perfect, so I ran an experiment and I found that when someone's on my island I get 10% more potatoes! And there was only one thing boosting my minions by 10%.. the Farm Crystal. The farm crystal is an external buff so it's not included in the offline calculation so if there's at least one person on my island and Squid's island is empty I'd get 10% more potatoes! Now it was easy to get people to AFK on my island, what was difficult was getting people off of Squid's island. You see even months after the first potato war video came out when the initial hype was starting to die down a bit there would be at least one of my own viewers AFK on Squid's island every night. You know.. as a joke! Sometimes I would be on Squid's island on an alt account and I'd see someone in the chat: "I'm gonna go AFK to help Technoblade win the potato war!" And I'd beg them, I'd be like "no dude please, please he fixed that months ago, that doesn't hurt him anymore and they'd be like: "I'M HELPING" and AFK all, Squid Kid was getting boosted by my own viewers and there was nothing I could do to stop them because what was I going to do, announce that AFKing helped him? Then even MORE people would AFK! I realised that the only way to stop this from happening would be to get Squid to close his own island to visitors without him realising that that's what I wanted all along. It took four long months but it finally happened, but anyways back to this tweet, so Squid says he closed his island because someone filled his potion system with rookie axes. A common trolling method in SkyBlock is to fill people's inventories with useless items like boats, but the rookie axe is even worse for players like Squid Kid who use the skyblock add-ons mod which has a feature which makes it very difficult to drop tools out of your inventory. The point is to stop people from accidentally dropping weapons worth millions of gold, but it also applies to the rookie axe sold in shops for 12 coins, so basically someone dumping a ton of rookie axes into your hopper system is the worst thing someone can do to you in skyblock. Now I've always been interested in psychology, in fact I almost majored in it so after 6 months of stalking Squid, I had developed a bit of a psychological profile of this man. I know how he TALKS, I know how he THINKS and when I saw this tweet I instantly knew that thiis man was LYING. Now don't get me wrong I completely believe that somebody dropped rookie axes into his hoppers because it was me but that's not the real reason he closed his island after all I'd been dropping rookie axes into his hoppers for weeks, but he sent that tweet eight minutes after he kicked my alt. So I get to thinking, why would Squid lie about that? And I realize Squid knows I monitor his tweets, but what he doesn't know is that that was my alt account from his perspective that could have been some random guy with a rabbit and if that was the case I'd have no idea rabbits could be used that way. As such him lying in that tweet could only mean one thing, he's about to sabotage ME! So i held a stakeout on my island and guess what I found a few hours later, a brand new skyblock account AFKing with a level 1 legendary rabbit. Truthfully I could have stopped squid before he even joined my island but I wanted to catch him in the act because I'm always getting comments saying: "OMG Technoblade why are you so mean to Squid?" They don't understand, this is WAR there's no holding back! I know that and Squid knows that, the only difference is that I'm 20 steps ahead, he's playing skyblock while I'm playing Deathnote. He thinks he can outsmart me with my own strategies because he is yet to realise that he is but a puppet and I the puppeteer DANCE POTATO BOY! DANCE! So anyways I got on my secret alt account and sent his secret alt account a party invitation and then I DMed him on discord Yo dude accept my invite! Squid: "Well this is awkward.." He actually did accept my invite and we had a lovely conversation and then I BANNED him from my island get OUT of here you trued again with another account a few days later, I don't have any proof that this account is him but look at that username "Stinky Bozo" That's a pretty unusual word in fact I've only heard one person say it: Squid: "Bozo, Bozo, you are Bozo Bozo, nice one Bozo, you're a freaking Bozo Bozo" Yeah that's right get out of here, I did eventually close my island, but not before I made sure I wouldn't lose potatoes. After that I moved on to the next phase of my master plan if I wanted to farm more potatoes I'd have to start farming pumpkins, but wait a minute Technoblade, that's the wrong vegetable! Wait.. what do you mean it's a fruit? Whatever at this point we pretty much maxed out the output of our minions the only thing left to work on was the speed we could farm potatoes by hand! The farming skill gives more crops as you level up so I decided to grind it to the highest level. I did the math and found that farming potatoes is so incredibly inefficient at levelling up farming that it was actually more worthwhile to build a whole pumpkin farm. I began the construction of a pumpkin farm large enough that by the time I finished farming it in full, the pumpkins at the beginning would have already regrown. I don't even want to tell you how long it took to build this. And so I began farming day after day at times I'd farmed for so long without break that the people watching thought that I was botting, word of my pumpkin farming soon reached Squid who began farming pumpkins himself, but he only saw the surface level of what I was doing. You see I wasn't just levelling up my farming skills I was also levelling up multiple legendary rabbits. There's a reason I wanted to stop people from AFKing on Squid's island even after he started AFKing himself and it's because it's almost IMPOSSIBLE for one man to AFK every hour of the day because servers restart, the game can update, your internet can go out and if you're asleep or doing something else you'll be missing out on those bonuses until you get back. Even the most dedicated individual might only average 20 hours of AFK coverage per day and those 4 hours alone without the rabbit pet and farming crystal cost you 100 thousand potatoes and over time, that adds up. To fix this flaw, I got multiple level 100 rabbits some leveled myself and others purchased for tens of millions of coins and then distributed to goons in diverse timezones. I set my island so only guild members could visit and I had my head goon code a discord bot that automatically pinged them within five seconds of the rabbit account leaving my island at which point one of them could log into the island themselves and boost my minions until I got back. After a few weeks we both reached farming level 50. On May 4th there was a pet update which added among other things the elephant pet which at its highest level could increase crop yield by 25%. Ordinarily a buff to manual farming would be bad for me since it allows squid to catch up that much more quickly, but I had a plan. The reason farming potatoes by hand is so inefficient is because when you break potatoes they don't grow back so 2/3 of the time you spend farming is spent replanting the potatoes you just harvested. Squid Kid and his viewers spent many hours trying to find a workaround to this even building an elaborate redstone machine in an attempt to somewhat automate replanting, but in the end they failed to find a better method and continued farming normally: Squid: "I should be able to plant five (potatoes) at the same time, why is it sodangslow it takes forever" What if I told you I found a way, you see back in January I had an idea, what if I had the minions plant for me. At the time this was impractical for two reasons, One, I didnt have enough farming bonuses for it to be worth sacrificing the minions normal output, but this was solved when i got farming level 50 secondly potato minions were simply too slow, but since then they've buffed fly catchers, added the rabbit pet and added foul flesh, a new fuel source which buffs minion speeds by 90% even then the potato minions weren't quite fast enough to keep up, but I thought to myself if they're only going to be planting they don't need to waste an upgrade slot on a super compactor, so I spent another 250 million coins to get 48 total flycatchers. Squid and I both started farming potatoes but his method could get at most 200 thousand potatoes per hour whereas my method with double flycatchers even after subtracting the amount the minions would have made themselves could get 410 thousand potatoes per hour. For the next three weeks Squid farmed hours every day but I was farming at the same time. Squid: "What are the odds he's farming right now, five bits I bet techno is doing the same thing just has like a 130% faster way to do it" In this time I expanded my lead by another 5 million potatoes, but at this point Squid and I had been farming potatoes for almost a year and we were still farming hours every day with no end in sight neither of us wanted this to continue so we came to an agreement. Whoever got to 500 million potatoes first would win the potato war. Hypixel even pitched in saying he'd give a surprise to the winner. Now I was only at 300 million potatoes at this point, but I figured I had this in the bag I mean I've been tracking Squid's potato count, I accounted for his afk coverage by having the discord bot track his alt accounts logins and I knew how much he was farming by hand because I was monitoring his farming experience. With a 45 million potato lead and a farming method twice as fast as his own, what could possibly go wrong? JUNE 6 Things go very wrong, it was just a small update with a few quality of life changes, you know like an enchantment which replants crops after you farm them and an item which automatically compacts items in your inventory so you don't have to spend time on that. You know, two minor changes which just so happened to buff Squid's farming method from 200 thousand potatoes to 1.2 million potatoes (per hour) and my farming method becomes WORTHLESS. Suddenly my 45 million potato lead goes from insurmountable to yes Squid could farm that in a couple days, Squid starts putting in crazy hours: Squid: "If I do 12 hours a day can he keep up absolutely not, people say Technoblade never dies but I'm putting him in the grave." Meanwhile I'm sitting here in shambles, I was out here with my lab coat on doing the science coming up with new never before seen potato farming techniques and this man just goes admins please replanting is too hard and they buff his farming method six-fold! Was that it? Eight months of plotting and scheming just to fail in the final stretch? NO i couldn't except that, I was going to win this war whatever the cost. I immediately drank three months of mystical mushroom soup and got to work expanding my old potato farm. A project which would take 25 hours over the next couple days. I knew I was playing the game as intended when I realised that the only reason I ever put on one of the strongest armour sets in the game was to use its 3% speed bonus to optimize tilling dirt. For the next two weeks I did nothing except eat, sleep and farm potatoes, there were only three interuptions each of which cost me millions of potatoes. The first was a dentist appointment and the second was when I had to play in Minecraft Championships. Squid: "What do I message him? Was it worth your time losing MCC? ehehehheheehhe" "It took me 2 hours to lose MCC but it'll cost you 9 months to lose the potato war, kayyyyyy RELAX, RELAX, hello?" Besides that there was only one other time: "I had to go to the store the other day, I had to interrupt my potato farming because my dad was like hey can you go to the store and pick up my medicine and I was like, can I really tell him that I'm not getting his medicine because I need to farm potatoes? Can I really? Look I'm an atheist, but when God sends me to hell I want him to hesitate, okay? I want him to hesitate for a few seconds. But Squid was also farming several hours a day and he had evem found a way to maxmize his afk coverage. He started sleeping with his headphones on and had his goons wake him up via discord call whenever his alt left his island. As someone with a discord bot tracking his online activity I can tell you right now that that man is telling the truth. He was waking up multiple times per night, I don't know why he didn't just use backups like me, he actually revealed to me later on that one of my original goons betrayed me and gave him one of our internal documents and the list of backup pet users is literally RIGHT there at the top of the first page I have no idea how he missed it. But anywas squid logged off an hour and a half ago, he should be entering REM sleep just about now it would be a real shame if someone woke him. I didn't actually wake him up because I wasn't sure if intentional sleep deprivation was legally considered torture or not so I decided to shelf that strategy for the time being. And after sacrificing two weeks of my life I finally reached 500 million potatoes. "WE WIN THEEEEEEEEEEEEEEEEEEEEEEEESE" Squid was shocked: Squid: "He's at 499? No he's not, dude there is actually like, it's not possible! NOOOOO it's not, this can't be reaaal!" Squid had been certain that he was right on my tail. Squid: "I don't know how fr behind I am, 100% less than 30 million" And yet when I won the war I had a lead of over 88 million potatoes. How did i do it? It's just as Sun Tzu says: "All war is deception." -Sun Tzu You see I knew after the second potato war video things were gonna get more difficult from here on out, because at this point Squid had a full on organization backing him he had goons, a cabal of billionaires funding his every move, 100s of stream viewers on how to farm potatoes more quickly and reporting on my every move so in that video I prepared my final trick. I hid my true potato count. The number shown in my video wasn't edited, but it didnt include the millions of potatoes left uncollected in my minions. I also said that my minions now produce 1.58 million potatoes, but they're actually producing 1.75 million because the rabbit pet doesn't actually boost your minions by 30%, it boosts them by 43% why? I don't know it's probably bugged and Squid couldn't realise the real number when he got a level 100 rabbit of his own because he was being sabotaged! But the biggest reason my lead expanded by that much was because over those two weeks, while Squid averaged 8 hours of farming per day, I averaged 11! Squid: "I just can't believe how much he's farming." MenacingBanana: "The admins were legit saying that Techno is just like so focused, it baffled them at how like just insane he was he had no breaks!" Squid: "I swear to god this Technoblade dude is focused on another level" Towards the very end Squid had one of his goons write a program to chart how much I was farming by tracking how much experience my elephant pet had, but by then it was too late. Once I won the war there was nothing left to do except celebrate my victory with grace and humility. Squid: "OHHH MY GOOOOSH he's doing a little emote on me ooohh my not like this come onnnn, was was this necessary?" "Watch me dance Squid Kid you looose! You lose the WAR!" After the war the admins added a temporary NPC to the skyblock hub, the potato king it gave out a new talisman which boosted potato minions by 5%, a basket for the top 1000 potato farmers and to me, the POTATO CROWN engraved upon it: "All men can see the tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved." -Sun Tzu, The Art of War That NPC is gone now, I took too long to edit this video! I gained a lot from the Potato War; patience, discipline, carpal tunnel. I guess my main regret is that I bribed Squid's discord admin to give my alt permission to see into his secret text channels and then HE NEVER USED THEM ALL YEAR! With the war over Squid took down his potato minions and my fields have gone unfarmed while we were enemies I still respect Squid Kid, I understand now that it is only with a worthy rival that once can reach their fullest potential, while he may have lost the war, he's gone from 70 subscribers to having tens of thousands of fans so it can't be said that he's lost completely. For my part I've realized now that rank number isn't an achievement, it's a prison which forces you to dedicate your life to defending a temporary title, but now with the war finally over... I'm free *Wandering Nomad plays whilst Techno begs for subs* Well I guess we are done here :) If you got down this far I wouldn't mind an upvote, I spent too long doing this.
Missed out on Shopify, Wix, Wayfair, and Etsy? Here's (relatively undervalued) $JD. Earnings play + longer-term play + unusually high options volume
Update 5/12: Sold around 10:30am for a ~40% profit. If any of you are still holding and you bought in yesterday, you should be up more than 50% by now. Best of luck. Update 2: Up 3.3% today alone, some of you are surely at that 100% profit mark. If you held, good for you! Your balls are bigger than mine. **TLDR:**JD will do well and is quite undervalued relative to its closest competitor, Pinduoduo. Analysts are predicting -0.13 EPS for the quarter. Seeing how well Shopify, Wayfair, Chegg, Spotify, etc have done relative to expectations, JD will likely exceed as well. Unusual volume of calls purchased on May 8th as well, potentially indicating some big money is betting on this as well. **TLDR of TLDR:**JD good. Buy call.5/22 50c (less IV than 5/15) **What is JD?**Its a large online retail store primarily based in China. Its accessible through the WeChat app, which is China's largest messaging app and 3rd largest in the world behind Facebook messenger and Whatsapp. **Why should I care?**JD.com had 321 million annual active customer accounts in June of 2019 and in Q4 it had 362 million. I expect this number to hit 400 million or higher, especially with the spike in online purchasing in China during the covid crisis. For context, the entire population of the USA is 330 million. 90% of its purchases arrive same-day or next-day, outperforming both Pinduoduo and Alibaba in terms of logistics. Its earnings & revenues have grown YoY and it has exceeded earning expectations for the past 3 quarters. **Comparison to Pinduoduo:**Another large e-commerce company in China is Pinduoduo (PDD). They have the 2nd most active users (~580 million) of any e-commerce company in China, apart from Alibaba. PDD has almost the same market cap as JD yet their revenues are vastly different. JD had sales revenue of $82 billion in 2019, yet PDD had only $4 billion. On top of this, PDD posted a net income of -1 billion, while JD had +1.75 billion. JD's user base has also been rapidly growing, however this is more relevant if you're thinking of LEAPS or just buying shares. JD also has 3x the net assets of PDD and also appears to have a better customer reputation and retention rate than both PDD and even Alibaba, as JD's delivery times are quick and they also heavily work on eliminating counterfeit items sold by merchants. JD outperforms PDD in essentially every way, apart from user count. Sure, user count is useful but if it doesn't translate into revenue, then what?In summary, roughly equal market cap, yet JD has a much better balance sheet and growth rate. PDD has routinely missed expectations, does not have a strong logistics network as it almost entirely uses 3rd parties, and is overly reliant on small merchants that were likely impacted during shutdowns. Please note that the numbers below are in renminbi. JD PDD **Comparison to... Amazon?**Before you grill me, no I am not saying JD is equivalent to Amazon or will get there within a few months. I am saying that there are some similarities that poise JD for future growth. Just like Amazon, JD has its own warehouses and they sell directly to consumers. They also allow 3rd party sellers, they have their own logistics and distribution, cloud services, IoT (Volkswagan partnership), and grocery stores. Hell, they even have some dabblings in insurance and healthcare with a stake in Allianz and a subsidiary, JD Health. JD Health was recently in the news for its coronavirus rapid testing and ability to book an appointment on their app. These are more relevant if you want to buy longer-term calls or shares (wtf is a share? Some weird kind of call without worrying delta, theta, and vega fucking me?). **What about the economic damage due to covid?**China is already showing signs of recovery for consumer confidence and purchasing. Furthermore, JD has livestreaming services. Livestreaming revenues in China are up 470%. Online sales are up 36%. Thus, for at least for Q1, I'm confident in JD's performance. If you're playing for earnings, then the longer term macro environment isn't as important. Yes, JD could address the global economic uncertainty and pull an Amazon type move during earnings, though I personally doubt that they would do so. This would only display weakness and perhaps allow their competitors PDD and BABA to use this against them. See Chinese recovery graphs below. Smallest change in consumer spending (apart from India) Beijing traffic already back to pre-covid levels V-shape recovery in property sales and car sales ![img](xw66vh6pvsx41 "App downloads during China's covid crisis - JD has grocery stores as well ") **What about Trump threatening tariffs again? What if this a Luckin Coffee situation?**Unlikely to matter, JD's business is entirely within China and not dependent on trade. They're focused on the consumer demand and logistics side of things. They also work with domestic firms via their 3rd party sales. Even foreign companies such as Walmart rely on JD due to their influence within China. They also own a 12% stake of JD. Do you think Walmart would risk their money if this was anything like LK? JD also has partnerships with Microsoft, Western Digital, Volkswagen, and HP. All of these partnerships are for domestic sales. JD is not importing or exporting anything in significant quantities. Last Topic - Unusual Options Activity 7/17 47c If you look at 7/17, there was a volume of ~17500 for the 55c traded on May 8th. This is 50x the volume for this contract (normal daily volume ~350). Furthermore, there was a single order of 7500 placed at the end of the trading day for this specific contract. This is equivalent to 2.7 million USD. Looking at other strikes and expiration dates, this order is still unusually large. There were two other large orders from the same exchange placed within seconds of the first trade, listed below. Most trading days for the 6/19 41c contract have a volume of less than 100. Friday, May 8th had 14000, with these two near-simultaneous trades comprising half of this. Combined cost of these 3 orders is 7.6 million USD. Were there any other comparable days to Friday's option trading? Yes, there was one. The second largest day for the 6/19 41c was on 03/31 with a volume of 10000. The following two weeks after this large trade, the stock went up 18% from $40 to $47.3. There were also large volumes for various 6/19 strikes +/- 3 days of 03/31 prior to JD's first run-up in April. This could be pure coincidence but its interesting to note. Even disregarding these 3 large orders, Friday May 8th had record volume for most strikes across several expiration dates. Of course there's no way for me to know who placed these trades or why they were placed. Insider trading? Large hedge? Long call ladder? A fellow WSBer trying to post some epic gains porn? Large orders **TLDR:** JD will do well and is quite undervalued relative to its closest competitor, Pinduoduo. Analysts are predicting -0.13 EPS for the quarter. Seeing how well Shopify, Wayfair, Chegg, Spotify, etc have done relative to expectations, JD will likely exceed as well. Unusual volume of calls purchased on May 8th as well, potentially indicating some big money is in. **Positions:** For earnings: 5/22 50c I'm personally not doing the 5/15 options simply due to their higher IV. This also gives some buffer in case there's any overall market drop this week that affects JD.If you are going to wait until the last minute to buy these, please be aware that JD has their earnings report before market open. In other words, buy before EOD 5/14. For longer-term calls: 9/18 60c If you really want to pull a boomer move, you can buy actual shares as well.
So, I'm very new to this world. I found out just over a week ago that my wife of 8 years has started up a (supposedly) emotional affair. So, I'm not perfect. I have, in fact, cheated before. I hated myself for it, changed my ways, re-committed, and after more trials in life thought all of that nonsense was out of our lives. A week ago my wife very awkwardly asked if I would ever consider having an "open" relationship. This came a week after a very serious discussion about entering into couple's counseling due to some general distance/lack of intimacy issues. I chalked this up to two lazy people with a young child trying to stay sane in a crazy world. So, that question left me feeling weird. I took a shower, came back, and asked her if she was seeing someone. Then she admits that she has been, it's serious, and (again, supposedly) not physical. The next few days were brutal. I couldn't sleep, eat, think straight, show up for our son (who I am home-schooling while working full-time from home because of COVID). I made some initial mistakes, internalized the failure, did the "pick me" game, and just generally came on way too strong. I'm entering into individual counseling this week. Later this week we're scheduled for our first couple's counseling appointment. She has recently started IC as well (not sure how this relates, but it obviously relates, the timing was far too good). Since admitting, she stopped texting the AP only to start emailing him. This is because after a few days I looked at our shared phone plan and saw just how much she had been texting/talking to him. It also turns out that she was skipping out on work to see him then coming home to complain that she was short on money. She now puts her phone down every time I come into the room, and has been acting quite suspicious. It is my belief that they've been plotting this for some time (affair started in Feb I believe) and have continued to coordinate their planning, only on email since I can't access that at all. After reading SO many stories on here and doing a bit of research, I Googled the AP's wife and sent her a text. Supposedly my reaching out to her was a bit unsettling and there's been talk that it scared her. I can only hope that in time she realizes that I just couldn't know and not tell her. I do understand the "online stalking" thing though, that would be a bit unsettling I suppose. Maybe I should have done it via email? Anyways... I don't know what to do next. I genuinely want to save my marriage. I love the way we co-parent, she is (or was, it may turn out to be) my best friend. I can forgive behavior, I've been there myself. But, I can't make her be willing or force her to care about me/our family. I'm hoping my therapist has some tools for me to start with, but what say you, SI community? UPDATE (July 2nd): So, this has played out as many of you said it would. The CC and her both pushed a separation agenda, and I was shocked at the start of CC just how "out the door" she already was, especially since the week before the affair came to light, she had supposedly fully committed to working through our ongoing issues. Oh well. Since the CC appt (last Friday), we've been in separate rooms, each taking the guest bedroom for a couple of days at a time. During my IC appt the other day, it was suggested that I take the master bedroom as my space as a symbolic gesture of where I am vs. where she is. The wayward spouse DID NOT like that part, so that's also very telling. Last night she finally dropped the hammer and wants to live separately. I'm pretty broken up, as I really did think (sucking on the hopium pipe) that she'd pull her head out of her ass, look at our family, and start adjusting her priorities. But, that isn't happening. So, I have nothing but big decisions to make. We are going to separate, but I'm not sure when. Filing hasn't been discussed, so I'll take this one step at a time. Court or remediation, I can expect to have only 50% custody of our child and the finances are going to be a mess. Our home, which was our base of operations as well as our best bet at retirement/stability long term, is likely going to be lost in the mess. I'm going to end up without a wife, 1/2 of my parenting duties, home, and most likely a large chunk of cash for the next couple of years. All of this over a bullshit emotional affair and some stubbornness/unwillingness to consider damage to others. So yes, I'm reeling, and I don't know what my future looks like. I'm at my most unsettled that I can ever remember. However, I have a support network, some friends, a job, and a great child. I don't know how to rebuild or how good I can make things by my son, but I know I'll do my best. I fucking hate this, and I'm not sure I'll ever be able to forgive her for what she's so willingly do to our child. End of rant, thanks for all of your advice/help/perspectives.
In 8 hours I will have completed my first year of medical school and I just found this sub.
TLDR: I am a medical student who has been (sort of) functioning with ADHD, but am just now realizing how pervasive it really is. Major procrastination vent episode incoming. So quick history: I am a 25yo female with (I believe) pretty severe ADHD. I am currently in my first year of medical school and my final exam of the semester is over neuroanatomy, taking place in 8 hours. At age 18 I was diagnosed with depression after my first semester of undergrad. I was put on Lexapro and it helped immensely with mood, but I was still gradually declining from the high achieving status I was accustomed to. Nevertheless, I pursued a degree in biochemistry and French with the intention of going to medical school. At age 20 I discovered an article on ADHD presentation in adult women and immediately made an appointment to be evaluated. My GP referred me to a psychologist who diagnosed me after a series of questionnaires and cognitive-behavioral tests. I was prescribed Concerta and Ritalin just in time for my MCAT exam. I had to take 2 gap years after graduating from undergrad because I did not get into medical school the first year I applied, and the second year I only applied to my top choice and got waitlisted. I worked in a biochemistry research lab as a post-bacc during that time and got married to my high school sweetheart. The 3rd time I applied, I got in and here we are now as my first year comes to an end. I don't really know why I am writing this aside from the obvious fact that it's my current procrastination technique, but I guess I am just reflecting on what the past year or so has taught me. In one of my recent lectures they briefly went over ADHD and I realized that I never actually looked into the physiology/pathology behind it. This is honestly really surprising given how obsessive I usually become over various topics that present themselves in my life. Aside from seeing the psychologist to be diagnosed and taking my meds, I haven't tried to educate myself on the causes, symptoms, or treatments and I have just kind of accepted the diagnosis as some random quirk that makes things kind of difficult. But after that lecture, I was curious to see how I would be diagnosed now and I looked up some of the tests as well as read some articles again about how it can present in women- especially those generally thought of as "high achieving". I have come to the conclusion now that I am managing it really, really poorly and I want to seek out support and advice for going forward, not just for navigating a challenging career, but for general psychological wellness. For example, I have been generally skating by in school when I know my potential is vastly more advanced than my actual performance. I literally have pulled an all-nighter before every single exam this entire year. I have been ignoring my studies for a particular class for 3-4 weeks and then the day before the exam, I cram all of the material which I then regurgitate on the test without truly absorbing any of the information long-term. By the end of the year, it has gotten to the point that all I do to study is watch all of the unit lectures for the first time on 2X speed the night before, then read through as many of the powerpoints as possible in the morning before taking the test. If you are not familiar with medical school material, it is insanely dense and complex, so having only 1-2 exposures to the concepts is not really adequate to truly learn it and retain that knowledge. Luckily I have a pretty solid memory and have been able to score near the average on these exams, but I have failed a few which is very out of the ordinary for me. I would have never found that acceptable in school before, but now that I am in medical school, it is almost like I have adjusted the expectations I have of myself. I haven't failed any classes, but I know that I don't truly know the material. I just keep telling myself that I will have to relearn it for board exams anyway so I will have it all absorbed eventually. I know that this is irresponsible and a waste of my educational opportunities, but every time I tell myself I am going to change, my executive functioning just will not let me. It would be one thing if I was scoring poorly after slaving away constantly at the material, struggling to grasp the concepts, but it is the exact opposite. I will spend 4 days in a row watching a Netflix series, digging into stupid anti-vaxx facebook pages, learning all about some random baking technique, obsessively researching the best type of vacuum to buy, and starting a new house project like refinishing our countertops, even though I have none of the experience or equipment necessary. I bet I have 25 different projects for my house at various stages of completion right now, but my dining room table is piled up with a huge selection of junk that has accumulated there over the past month. I see my classmates studying from sun-up to sun-down and I feel like a complete slacker, 100% impostor syndrome. I genuinely enjoy the material and I don't dislike the act of studying, but somehow I can't bring myself to sit down an learn it in a reasonable timeline. The craziest thing is that I am also the happiest I have ever been in my life. Once I realized that I completed one of the hardest tasks necessary to achieve my dream career as a physician--just getting accepted into medical school--I suddenly felt like I could live my life more how I wanted, with less of the crippling anxiety and restrictions that I felt for 6 years straight as I was working toward that goal. I pretty much made a conscious decision to sacrifice a stellar performance for a mediocre one that allowed me to actually live and give in to some of my obscure interests or compulsions without so much guilt. But I realized that it would cost me the chances of going into a competitive specialty. And I came to terms with that as I think I just want to practice general medicine in a small town anyway. Nevertheless, I don't think I am living my best life because I still feel utterly controlled by my ADHD. Until I just recently revisited the symptoms and manifestations it can have on our lives, I had been kind of living in a state of constant choas and guilt. I live every day essentially doing damage control, completely overwhelmed by all of the responsibilities I neglected until threatened with ultimatums and consequences. So many of my tendencies that I had previously been attributing to fundamental character flaws, I have now discovered are blatant examples of my ADHD. I have gotten accustomed to trying to hide my disorganization, making excuses for why I am late, making promises to myself that tomorrow I would be better. I guess I kind of forgot (or never fully realized) that essentially everything I hate about the way I conduct myself is a direct result of being unable to control my ADHD. And I also didn't realize how severely it has been affecting my life, and how poorly controlled it has been despite being on medication. So, I am sorry to rant for so long, but after finding this subreddit, I just couldn't force myself to focus and study without getting these feelings out in writing. I don't really know what I wanted to achieve with this post aside from venting and asking for advice on where to start with getting myself under control? For reference: I take Concerta (extended release) daily in the morning at 54mg, and then I take 10mg Ritalin in the evening as needed if I feel like I need it to study after the other has worn off. I struggle to take the Concerta at a regular time each day, and it helps immensely, but I feel it wears off after maybe 4-5 hours. Although it fixes my motivation and helps me work up the will to be productive, a lot of times that energy still gets directed toward an inessential task. Usually I don't really feel like the Ritalin has any effect at all. I don't want to become too dependent on the meds, and I really want to find some techniques to help me tackle my discipline and executive functioning issues. I don't have a therapist, but I would definitely like to find one as I obviously have a lot to talk about and process. Does anybody have any input, advice, encouragement, or even just relatable tidbits they can add? I can't express how relieving it has been to read others' experiences with ADHD and how accurately they can describe my psyche. It has helped tremendously with the feelings of guilt and inadequacy that I've been harboring. In case anyone wanted to share in some common experiences, here is an attenuated list of problematic manifestations of my ADHD:
Having extreme ambitions but a complete absence of motivation to fully execute them. Example- I meticulously researched how to engineer and build roll-out shelving for all of our kitchen cupboards and then bought all of the wood, hardware, and equipment necessary to do the project. That was a year ago, and I keep postponing the weekend I intend to do it because other stuff pops up.
Getting completely obsessed with various, unrelated topics and spending an entire day or more researching it when there are very important tasks unattended to. Example- My mother-in-law mentioned she wanted to get a puppy. I spent an entire weekend weighing different breed characteristics, combing through breeder and rescue websites, mapping routes to pick up possible dogs from across the country, picking out toys. When I presented her with all the info she got so overwhelmed she decided she didn't want on anymore.
Constantly fidgeting. I play with my hair all day long and it has sustained a lot of damage from me always pulling on it and snapping off broken ends. It is a serious challenge to take online exams because the webcam flags you for suspicious movements.
ALWAYS FINISHING ASSIGNMENTS AND EXAMS LAST. Every single time. I had to blindly guess on at least 5 questions in each section of my MCAT.
ALWAYS LATE. Even when I plan to leave an hour early, I end up being late. My friends and family have started lying about start times of events.
Rambling and an inability to be concise. Bet you couldn't have guessed ;)
Crippling indecisiveness. Like I can't buy something at the store often times because I need to look up the best deal online and compare stats with other brands. Very frequently do I just buy both options because I can't decide between the colors.
Compulsive shopping and eating. Especially faced with stressful tasks, I find an excuse to search Amazon for a random product like carpet cleaner for hours and then just end up buying an entire steam cleaning system. Out at restaurants always ordering way more than I can eat, lots of times forcing it down.
UTIs because I don't want to pause my obsession to pee.
Frequently missing meals for the same reason.
Getting obsessed with a TV series and bingeing 95% in one sitting, then losing the motivation to finish the last couple episodes.
Extreme messiness but absolutely hating living in it.
The tendency to be all or nothing with things. Like if I decide to clean the bathroom I cant just quickly wipe down the sink and scrub the toilet. I have to remove everything for all the closets and drawers and clean it all down, then reorganize everything to have a perfect spot. Deep clean all surfaces. Lots of times I don't have the time for this level of cleaning so I just forgo cleaning completely until things get really filthy.
Starting numerous hobbies and getting all the supplies, super excited about it, all you can think about. Then something absolutely necessary takes your attention off of your project and you can never get back into it. Examples- cookie decorating, crocheting, knitting, dress making, painting, inventing an alphabet, calligraphy, learning a foreign language, woodworking, lawnmower repair, landscaping, gardening, children's story writing, makeup, wedding planning, crosswords, interior design, dog training, cleaning... I'm sure there is plenty more that I have started within the past 2 years that I can't think of off the top of my head.
Ignoring email, snapchat, texts, calls because you just can't find the will to address the person, even though you actually enjoy socializing when you are in the moment.
Loving the opportunity to just drive in silence because it gives you the ability to think through the web of partially digested thoughts or concepts built up in your brain.
Always forgetting where you put your phone, sandwich, drink, shoes, keys, etc. Like several times every day.
Getting up to do something then instantly getting sidetracked to do something else, in a succession of tasks, never actually doing the initial thing.
Getting excited at the prospect of planning how you are going to manage your time and responsibilities. Meticulously formulate a schedule, get apps, planners, calendars, and notebooks and enjoy filling it out in ridiculous detail. Critically underestimate the time necessary to do each task so you immediately get behind. The overwhelming pile of missed deadlines makes you quit altogether and just do something useless or go to sleep.
Very easy to stay up extended amounts of time if something has gripped your interest or you are having to complete a threatening deadline. Then very difficult to get out of bed once you are in it.
People see you as unreliable, but when you are actually at an event or doing a task, you give it 110% and your utmost attention. Perfectionistic, actually capable of achieving some pretty neat stuff.
Feel like you always have random words and thoughts bouncing around your brain. I have at least 100 different names I call my pets that seem to sprout from nowhere and be completely unrelated to them.
Your brain can go from thinking about one topic to diverge onto a totally separate and obscure topic, but when you actually try to figure out your thought path, you can trace back the bizarre series of relationship and connection that led you to your rapid change of subject.
Being very creative and possessing a lot of ingenuity, taking pure enjoyment in complex problem solving, especially if it can benefit other people.
Feeling like you have so much potential if only you could just get yourself to be disciplined. You genuinely want to start your assignment early, to call your mom back, to fold that laundry, but in the moment your brain simply won't let you fully assess the situation. You are unable to consider the consequences and instead you compartmentalize the feeling of impending doom in favor of watching another video of a man in the jungle building a swimming pool using only a coconut shell and bamboo poles.
I think that is all for now. I am about to pee my pants and I feel like I have gotten enough of my thoughts out that I can get back to studying. If you actually made it all the way through to this part, that is crazy. Even if no one takes the time to read this, I am glad I was able to document and unclog some of my mind congestion. Thank you! <3
The Coronavirus Bill will be introduced to the House of Commons today. The Bill sets out various powers that the Government can introduce at any time. The legislation is time-limited for two years. According to the Government, it will do the following:
Health and social care
Remove barriers so that recently retired NHS staff and social workers can return to work, along with students near the end of their training
Allow employees to take Emergency Volunteer Leave and be compensated for loss of earnings through a UK-wide compensation fund
Provide indemnity for clinical negligence liabilities arising from NHS activities carried out to deal with COVID-19, where there is no existing indemnity arrangement in place
Reduce the number of admin tasks for frontline staff, allow local authorities to prioritise care, allow more tasks to be done remotely, and allow suspension of individual port operations
Suspend the rule that prevents some NHS staff from working more than 16 hours per week after returning from retirement, along with other rules that apply to retirees
Detaining and treating people under the Mental Health Act requires just one doctor's opinion (currently you need two)
Temporarily remove some time limits in mental health legislation in the case of low staff numbers
Allow NHS providers to delay assessment for continued care for individuals being discharged from hospital until after the emergency period has ended
Changes to existing care legislation to allow local authorities to prioritise the services they offer
Other frontline staff
Provide powers to require educational institutions or childcare providers to stay open (ie by reducing teacher ratios)
Temporarily relax local authorities duties which require them to conduct a needs assessment and prepare an adult carer support plan/young care statement
Provide powers for the Home Secretary to suspend operations at ports and airports if Border Force staff shortages become a problem
Expand availability of video and audio link in court proceedings
Ensure the Treasury can transact its business at all times by making it possible for a single commissioneTreasury minister to sign instruments (currently requires two)
Allow temporary judicial commissioners (JCs) to be appointed at the request of the Investigatory Powers Commissioner in case of insufficient numbers of JCs
Delaying the virus
Provide powers to restrict or prohibit events and gatherings during the pandemic
Provide a temporary power to close schools and childcare providers
Postpone the local, mayoral and Police and Crime Commissioner elections that were due to take place in England in May this year until May 2021 (other elections including by-elections will also be postponed this year)
Enable the departments of health in NI and Scotland to make regulations for additional measures to help them delay the virus (England already has this)
Remove a restriction in how Scottish territorial Health Boards can deliver vaccination programmes so that more healthcare professionals in Scotland would be able to administer a vaccine
Adds powers to strengthen the quarantine powers of police and immigration officers
Managing the deceased
A coroner is only to be notified where a doctor believes there is no medical practitioner who may sign the death certificate
Introduce powers to enable the provisions under the Burial and Cremation (Scotland) Act 2016 relating to the collection of ashes to be suspended and replaced with a duty to retain until the suspension is lifted
Expand the list of people who can register a death to include funeral directors acting on behalf of the family
Enable electronic transmission of documents in order to certify the registration of a death
Remove the need for a second confirmatory medical certificate in order for a cremation to take place
Remove the law requirement that any inquest into a COVID-19 death must be held with a jury
Provide powers to suspend the referral of certificates to the Death Certification Review Service (DCRS) for review in Scotland
Provides powers to temporarily suspend the rule that means SSP is not paid for the first 3 days of work that you miss because of sickness
Enable employers with less than 250 employees to reclaim SSP paid for sickness relating to coronavirus during the period of the outbreak
Require industry to provide information about food supplies, in the event that an industry partner does not co-operate with current voluntary information-sharing arrangements
Financial support for businesses
The Treasury has announced some new measures for businesses to help deal with the COVID-19 outbreak, which are in addition to existing Budget:
£330bn of guaranteed Government-backed loans (equiv to 15% of GDP). If demand is greater, as much capacity as required will be provided.
New legal power in COVID Bill to provide whatever financial support is necessary in future
Potential support package for airlines and airports after discussing with DfT - ministers speaking to affected businesses in other sectors
Business with insurance policies covering pandemics should receive pay outs as the Government action is good enough.
Businesses in retail/hospitality/leisure sector will receive a £25k cash grant if they have a rateable value of less than £51k.
No business rates this year for any business in the retail/hospitality/leisure sector regardless of rateable value.
3 month mortgage holiday for those affected by the virus.
Further measures will be announced over the coming days.
Coronavirus (COVID-19) is a new illness which features flu-like symptoms and currently has no vaccine. The World Health Organisation (WHO) declared the current outbreak of the virus as a pandemic on 11th March. The UK Govt's action plan sets out the UK's response to the pandemic. There are several "phases" to the plan, with the UK currently in the delay phase:
The "contain" phase: detect early cases, follow up close contacts, and prevent the disease spreading for as long as possible
The "delay" phase: slow the spread of the disease, which could include closing schools and cancelling public events
The "research" phase: work to develop effective care for the disease
The "mitigate" phase: minimise the impact of the disease on society
Current Government advice/approach
As of 16th March
To minimise your chance of catching the illness, wash your hands frequently for a duration of 20 seconds.
If you or someone in your family has a new persistent cough or high temperature:
If you live alone: self-isolate for 7 days.
If you live in a shared household (e.g. with friends, family etc.): you should all self-isolate for 14 days (even if not everyone develops symptoms).
If you don't have symptoms or no-one in your household has symptoms, stop non-essential contact with others and stop unnecessary travel. Work from home. Avoid pubs, clubs, theatres, etc.
Those with the most serious health conditions should be shielded from contact with others for around 12 weeks
From tomorrow, 17th March, emergency workers will no longer support mass gatherings "like they normally do"
If you suspect that you are infected with coronavirus, you should first use the NHS online service. Only call 111 if the service advises you to. Do not visit your GP as you risk infecting others.
For NHS info and help on coronavirus, see this page.
Don't forget that this Sunday is Mothers Day. If your mother is anything like mine, a bottle of gin is probably the best bet as it has multiple uses, including preservation (mummification, aha!), hand washing, paint stripper, degreaser, heat and light source, antifreeze and in cases of real desperation, you can drink it. /s
We ask that - for now - the majority of coronavirus discussion happens within these daily megathreads. Only make new threads for notable developments. Standalone submissions are acceptable for notable developments, including new cases and deaths (e.g DHSC tweets/page), new Government advice, and notable political news. Examples of what we are removing include general commentary/hot takes/opinion pieces about the virus, and news about other countries which bear no relation to the UK (e.g news about Italy or China).
Reddit is not a source of professional medical advice. Users can and will post inaccurate transmission methods, prevention methods, cures, and other misinformation. Please report any obvious misinformation that you see and we will take action. Send us a modmail if you are concerned about a user's behaviour. Always use the NHS 111 online service as your first port of call for COVID-19 information.
This is For Those who Loves Isekai, All of the isekai's below are The best one's I Could find on my 3 months old list, some of this is similar to solo leveling, I posted this on another Reddit but it just got buried so I wanted to Post it again, and some of you may complain that all of this is ongoing but all of the isekai's on my list is ongoing that is because it is my preference and because Completed Isekai's Easily gets buried on the platform i use, so sorry for the inconvenience. [ Long Live The King ] Chapter 124 | | An ordinary student accidentally traveled into an other universe and became the king of a small kingdom. He had gotten a “Cheating Code” of life and was able to complete something extraordinary. This is the story about a king that was able to conquer continents and leave behind him an ultimate legend that will be recited between every generation to come. [ Bug Player ] Chapter 19 | | If I can success it's OK to use bugs or any possible way! A story of reincarnated ultra-high obesity young lord. [ Berserk Of Gluttony ] Chapter 23 | | In this world, there are two types of people. Those Who have powerful "skills", and those who don't. People born with powerful skills, exterminate monsters to level up and become successful, while people without them, become failures,who are treated harshly by society. Follow the story of Fate, a guy who works as a gatekeeper, and whose only skill is gluttony, a skill that only makes him hungry. [ Past Life Regressor ] Chapter 29 | | [Would you like to reverse time?] [All stats will be reset] [Please pick a date.] "February 28th, 1985. The day I was born." Wealth, I will seize all the money in the world. Monopoly, I will seize all the dungeons in the world. At this time, while the world is still peaceful. [ Karate Baka In Different World ] Chapter 9.1 | | A karate practitioner who has been transferred to another world refuses the cheat skills given by the goddess, and he pursues his own karate in another world. [ God Of Black field ] Chapter 22 | | The legend of the French Foreign Legion, ‘Kang Chan’! During the African war, he was called ‘God of Blackfield’, the black land’s God, by his enemies who were terrified but in awe of him. However, during a mission to kill Masallan, the brain behind SISS, the group of sunni supporters, Kang Chan was killed in action by an unknown bullet shot from behind him. As his vision got blurry, he saw his thirteen team members, who had absolute faith in him, getting killed one after another. As Kang Chan was awaiting death after being shot by a traitor, he was saved by a mysterious power and woke up 3 years later in South Korea. However, he was in the body of another ‘Kang Chan’, a 19-year-old high school boy who was being bullied at school. Kang Chan’s journey to get revenge on the traitor and to find out the truth behind his rebirth begins now! [ The Reincarnation Magician Of The Inferior Eyes ] Chapter 28 | | Abel was a genius magician who held immense power in a world where the color of your eyes indicates how powerful you are. However, the strength that came with his amber eyes was so great, even his comrades looked at him with fear and contempt. He therefore decided to transfer his soul far into the future, hoping to find a paradise that accepts him. He would soon find out that people’s attitude regarding his eye color did change, but not quite the way he had imagined… [ The Great Mage Returns After 4000 Years ] Chapter 31 | | The worst student of Westrod Academy, the disgrace of the Blake House.A new soul enters the lifeless body of Frey Blake, the boy who couldn’t handle his painful life and chose death instead. “What’s with this body?I’ll have to check every little detail of it.” The Great Mage Lucas Traumen. He earned his chance at revenge by gaining the flesh and bones of Frey Blake the disgrace! And now begins the interesting adventure of the Great Mage who returned after 4000 years! [ Record of Ragnarok ] Chapter 31 | | The story begins when the gods call a convention to decide the whether to let humanity live or die, and settle on destroying humanity. But a lone valkyrie puts forward a suggestion to let the gods and humanity fight one last battle, as a last hope for humanity's continued survival. 13 gods will fight against 13 human champions in one-on-one battles to decide whether humanity lives or dies. [ The World's Best Assassin, Reincarnated In A Different World As An Aristocrat ] Chapter 7.1 | | The eldest son of the assassin aristocrat Towerhades.The skill, experience, knowledge of the previous life, magic, all of which grows his power as an assassin. Excellent assassins pass through. He was usually admired as the ideal lord, and behind it wielded a blade as an assassin aristocrat. [ I Am The Sorcerer King ] Chapter 94 | | 10 years ago, the monster horde from the rift formed from space and time started attacking the mankind. At the same time, people have started to awaken the power and began hunting the monsters for fame and money Lee SungHoon, in need of money because of his mother’s sickness, takes a dangerous job to help hunt those monsters four times a month by acting as a bait for the hunters But one day, he is heavily injured by a monster and remembers his past life as a sorcerer king ‘Huh? Did I just die?» ‘Wait, I was a Sorcerer King Kratraus in my previous life?’ With his past memories, SungHoon’s overpowered magic show begins. [ A Returner's Magic Should Be Special ] Chapter 106 | | "Now that I'm back, I won't allow my loved ones to die again!"The Shadow Labyrinth - the most catastrophic existence humanity has faced in history.Desir Arman is one of the six remaining survivors of mankind within it.The six attempt to clear the final level of the labyrinth but ultimately fail, and the world comes to an end.However - when Desir thought he would meet his demise, what is revealed before him is the world... thirteen years ago?!Desir is returned to the past, back to the time when he enrolled at the nation's finest magic academy - Havrion. He is reunited with his precious friends, and is prepared to change the past to save the world and his loved ones...!Three years remaining before the emergence of the Shadow World!Change the past and gather powerful comrades to save mankind! [ Fff Class Trashero ] Chapter 48 | | Protagonist Kin Han Soo killed the demon king after 10 years of being summoned in the fantasy world. Now it's time to be sent back to earth. What's this? The fantasy worlds god appears along with his report card. Because he removed all the obstacles that prevented him killing the demon king, his personality score came out as F. The regression that follows is that he has to return to the start and begin again. Can Kang Han Soo end this endless returns? [ The Live ] Chapter 27 | | After losing his wife and daughter in a horrific accident, Yun-Jae finds himself stuck in his routine until he receives a diary from his future self. “I can see… my wife and daughter again?” Through winning the “games” in the “parallel world,” one will receive a “prize,” and using this, he could revive his dead family… but out of all the survivors of this cruel world, Yun-Jae is the only one with the knowledge of the future. Will he be able to turn his greatest wish into reality? [ Tensei Kizoku No Isekai Boukenroku~ Jichou Wo Shiranai Kamigami No Shito~ ] Chapter 22 | | Shiina Kazuya, our protagonist who got killed by a stranger when he tried to protect his childhood friend and little sister, reincarnated into Cain Von Silford as the third son in the world of sword and magic.Cain grew up being surrounded by Gods who doesn’t know self-esteem, the upper noble and the girls who are swayed around him.Being given so many protection from the gods, He overcame any obstacle (aka Flags) while hiding his unbelievable status. The noble path fantasy story of a young boy who sometimes wicked and clumsy. [ Saikyou Juzoku Tensei: Cheat Majutsushi no Slow Life ] Chapter 17 | | I, who should have died after being hit by a car, was born again in another world. However, I was born in a shady minor family that used magic and controlled wooden puppets called the Marren Clan. Possessing a strong interest in magic since my previous life, I spend my time zealously studying magic to the point where even the people in the vicinity draw back. One day, I heard I was to be married to my little sister when I turned 16 in accordance with the traditions of the Marren Clan and decided to flee to the city. For now, since I have the strongest magic, I guess I should idle around making only enough money so that I don’t have to work for my whole life. [ The Eminence in Shadow ] Chapter 17 | | Just like how everyone adored heroes in their childhood, a certain young man adored those powers hidden in shadows. After hiding his strength and living the mediocre life of a mob character by day while undergoing frenzied training by night, he finally reincarnates into a different world and gains ultimate power. The young man who is only playing at being a power in the shadows, his misunderstanding subordinates, and a giant organization in the shadows that gets trampled….. This is the story of a young boy who had adored powers in shadows possibly eventually reigning over the world of shadows in another world. [ I, Who Possessed a Trash Skill 【Thermal Operator】, Became Unrivaled. ] Chapter 14 | | People with supernatural powers called Talent suddenly appeared in the world. Due to their appearance, the world's power balance was rearranged and it caused disputes in various places including large countries.Later on, the blood-stained battle which continued for 10 years called the World Talent Great War causing the world population to decrease to 20%, and due to a certain happening, it came to an end.The 9 people… The greatest talent users called as Level 5 who reigned the world, signed a pact and segmented the world into 9 sections called Site Those administrators ruled in the way they are not revealed to the public and decided that they would let the unit called countries continue to be used for form's sake. And the world map was redrawn due to the terrain changes and also the international treaty. The war ends, and people start to regain their daily lives. Finally, a peaceful era came……Everyone thought so. This is a story 10 years after the world war. Of a boy who lives in Japan governed by the Emperor…… A story of the momentary peaceful era and the dispute of end of the era. [ Revival Man ] Chapter 102 | | A story of an unemployed man that revives after 3 days of being dead. Follow his action-packed encounter with a large criminal organization. [ My Status as an Assassin Obviously Exceeds the Brave's ] Chapter 17 | | Akira is just having an usual day at his second year of high school when he and his fellow classmates get sucked into another world through a portal! This fantasy land is called Morigan, and is a world filled with Demons, Humans, Elves and other mystical creatures. As they get debriefed by the King of one of the continents on this strange new land, they were informed that each one of them will have a class, which skills can be conveniently opened and analyzed through a "status bar", and their objective is to train, become stronger, and repel the imminent demon invasion.Only one of them, however, will be able to become the true.Akira found out that he got the class and with heavily overpowered stats, surpassing even those of the class. Making use of his shinobi-like skills, including subterfuge, negotiation and stealth, Akira goes into thrilling quests and unveils secrets about this strange new world, including a meeting with a cute Elf girl and others members of a soon-to-be adventuring party where not everything is as it seems... [ Argate online ] Chapter 28 | | Izu Takashi was just playing the online game -Argate Online- like usual, but he suddenly noticed something strange, his level is now....!! Also he can not log out and the pain reduced funtion does not work..... [ The Strongest Magical Swordsman Ever Reborn As An F-Rank Adventurer. ] Chapter 11 | | Aizawa Yuri has reincarnated 2 times now and is dead tired of being the emperor of this and that. Using his skills he acquired a reincarnation artifact, and starts his life in a brand-new world! [ Mushoku Tensei - Isekai Ittara Honki Dasu ] Chapter 62.2 | | A 34-years-old NEET otaku is chased out from his house by his family. Unattractive and penniless, he finds that he has reached a dead end in life and realizes that his life actually could have been much better if he had made better choices in the past. Just when he was at the point of regret, he saw a truck moving at a fast speed straight towards three high schoolers in its path. Mustering all the strength he had, he tried to save them and ended up getting run over by the truck, quickly ending his life. The next time he opened his eyes, he was already reincarnated into a world of sword and magic as Rudeus Greyrat. Born to a new world, a new life, Rudeus decided that, "This time, I'll really live my life to the fullest with no regret!" Thus, starts the journey of a man yearning to restart his life. [ Skeleton Soldier Couldn’T Protect The Dungeon ] Chapter 79 | | His only purpose was to protect his master. And yet he was powerless to protect her. But fate has more in store for him as he gets another chance to protect his master once more and change his destiny. [ Isekai Tensei Soudouki ] Chapter 56 | | Balud Cornelius is the son of a noble of the Mauricia kingdom and inside him also dwell the souls of the niggardly warring states commander Oka Sadatoshi and animal ear otaku high schooler Oka Masaharu. With these 3 souls in a single body, he can exhibit extraordinary abilities when it comes to combat or managing the domain. [ Dungeon Reset ] Chapter 32 | | Once it starts up, the dungeon goes through a process called “Reset the Next User”. Why doesn’t this reset process apply to me ?!I am the only one left from that endless reset of this dungeon. With simple skills and an overwhelming weapon, Jung-down game starts inside the dungeon [ I Stack Experience Through Writing Books ] Chapter 7 | | The main character, Jong-Seok Lee used to be your average, run of the mill person. The only thing remotely interesting about him is the fact that he’s always at local book stores. All of that changes when he suddenly encounters a completely blank book and foolishly accepts what’s asked of him… [ Isekai de Cheat Skill wo te ni Shita ore wa, Genjitsu Sekai wo mo Musou Suru ~Level Up wa Jinsei wo Kaeta~ ] Chapter 5 | | Tenjou Yuuya has been a bullied boy since the past.He lives in the home of his beloved grandfather while he goes to school. As usual, he receives a harsh bullying, and he takes an extended absence from school to have some time to heal his wounds.While on this long time of absence, he takes the opportunity to clean his grandfather's house and goes to a room he never went before, where his grandfather keep many different objects that he gathered from his travels around the world. While he was arranging the objects, he found a door not on a wall among the objects.Out of curiosity he opens this door, what he found on the other side was.. [ Leveling Up, By Only Eating ] Chapter 20 | | The main character is stricken by a rare condition that affects only two people in the entire world, bulimic deficiency. He organizes his daily meals to survive, but his hope of survival grows dimmer as the days go by. He consults a doctor, who suggests playing the Alternate Reality Game ‘Athens’, where he can eat as must as he wants without gaining any weight. He plays the game to save his life and grow in strength by doing nothing but eating! A Gourmet Fantasy Life! [ Reborn as a Barrier Master ] Chapter 8 | | By the time he opens his eyes, Kubota Tamotsu (34 years old) has been reincarnated into another world. Moreover, as a 6 years old slave with “Level 1 Barrier” skill. To surpass his limitations and become a powerful Barrier master Kubota begins a hellish training, full of obstacles and struggles. — From “Let’s Become a Novelist”, a new other world fantasy starts! [ Ernak ] Chapter 47 | | Novice gamer Youngsik Yuu, who finds himself sucked into a game world several years in the past, attempts to make the most of his wealth of knowledge, to survive in a world unwittingly bracing for a huge war. [ Maou Ni Natta Node, Dungeon Tsukutte Jingai Musume To Honobono Suru ] Chapter 22 |Ongoing | Before I realized, I had become the guardian of a dungeon, a Demon Lord. I was suddenly in a dangerous world with giant monsters loitering around, fighting for their existence, so I thought to go about developing the dungeon in order to not die but —- for some reason I was having quite the good time…. How did it turn out like this? [ Realist Maou Niyoru Seiiki Naki Isekai Kaikaku ] Chapter 14 | | In a dilapidated castle, Astaroth awoke as a Demon King.With his ‘wisdom from his past life,’ he would rule over his lands as a thorough ‘realist.’ “Demon King, why are you attacking the level 1 Heroes?”“Defeat them before they become stronger. That is called strategy.” “Demon King, why are you sending fake money to the enemy country?”“To bring chaos to their economy so they will self-destruct.” “The werewolf troops have attacked. Should we use silver bullets?”“Not bullets, shoot them with canons.” And like that, Astaroth ‘reformed’ the old tendencies.He became a lord who was loved by the people and his subordinates, and he would go on to be called the most powerful Demon King in history. [ Magi Craft Meister ] Chapter 24 | | There is only one Magi Craft Meister in the world. After the death of the last Meister over one thousand years ago, Jin Nidou was transported to another world in order to succeed her will.After obtaining the knowledge of the Magi Craft Meister, Jin attempts to use a warp gate but it malfunctions, transporting him to an unknown place. Along with that, an automata he recently restored also uses the warp gate in order to search for her “father”. Thus, the crafting journey of the new Magi Craft Meister begins! [ My Wife Is A Demon Queen ] Chapter 201 | | A normal powerless male protagonist is entrusted to look after the fallen demon queen Isabella. Depleted of her powers, Isabella is forced to camouflage as a human and suppress her regal status. Evil masterminds plot to dethrone a powerful demon queen in a medieval fantasy land. [ Lonely Attack On A Different World ] Chapter 23 | | The strongest doesn’t need any cheats! Haruka, who spends his high school life a loner, was suddenly summoned to another world one day along with all his classmates. When ol’ God enters the picture, Haruka believes he can just choose whatever cheat skill he wants to help him survive in the new world... But, contrary to his expectations, that list of cheat skills works on a first come, first serve basis. And so, his classmates pick out all the cheat skills. His choices now limited to leftovers, Haruka finds himself incapable of assembling a party due to his own “loner” skill. Even though it’s a different world, it seems his adventuring days will be, as per usual, a solitary affair… After becoming aware of a crisis looming over his classmates, Haruka makes a silent vow to save them. No relying on cheats! He will walk a heretical path of strength that transcends the need for them. The curtain rises on the strongest loner’s otherworld strategy guide! [ The Unsuccessful Yet Academically Unparalleled Sage ~A Cheating S-Rank Sorcerer's Post-Rebirth Adventurer Log~ ] Chapter 5.7 | | After reincarnating in a different world, the great sage Ephthal spent all of his life researching magic. However, he who had aimed to reach the summit of magic, knew of the limits of his talents and fell into despair, thus closing the curtain to his lifetime. However, 400 years later, he reincarnated for the second time and enrolled in a magic academy using the sorcery and knowledge he acquired from his previous life. As if to sneer at the state of magic that had been in decline for the past 400 years, he easily invokes legendary class magic! With overwhelming power, the entire world will kneel before him. [ Chillin Different World Life Of The Ex-Brave Candidate Was Cheat From Lv2 ] Chapter 14 | | Banaza, who got summoned to the magic kingdom of Cryroad as a Hero candidate, due to having only the abilities of only a regular citizen, got treated as a disqualified Hero. He, who originally was supposed to be returned to his original world, due to the magic kingdom's mistake, became unable to return to his original world, inevitably has to live in this world. That kind of person, the moment he became Lv2, acquired all skills and magics, and transcended into a super cheat with all ability points broken through the limit! Even so, he does things at his own pace with an easygoing smile. [ Ore Dake Haireru Kakushi Dungeon: Kossori Kitaete Sekai Saikyou ] Chapter 35 | | Noir is the son of a minor noble with very little to his name other than a job offer–which is canceled before he can even start his first day. He does possess one rare trait, though: the magical ability to consult with a great sage, even if using the skill gives him terrible headaches! Unsure of what his future holds, he accesses the sage for advice on how to move forward and is directed to a secret dungeon filled with rare beasts and magical items. It is here that Noir will train, compiling experience and wealth, until he’s powerful enough to change his fate. [ It's Sudden, but I came to Another World! But I hope to live Safely ] Chapter 8 | | "Understanding" is "Stronger" than a Sword! There is no magic without any weapons!But! This is the story of a man who wishes to live safely!"So, I've come to a different world."That man stood alone in a mountain full of plants and creatures that he never knew nor saw before. He goes down the mountain by avoiding encounters with a big slime (and bandits), and is caught as a suspicious person in the castle he reaches. In interrogation the female knight Ilius met at the imprisoned place, when talking about the bandits seen in the mountain, Irias, who was stuck in the search for said bandits, hurriedly strikes the bandits . My wish to be a brave man, or to build a harem?"I just want to live in a safe place" - a story that such a man survives the different world with "Understanding" as a weapon! [ Nozomanu Fushi no Boukensha ] Chapter 25 | | The protagonist was an eternal copper rank adventurer of frontier area, Lent. He’s unlucky as he meet a powerful monster inside of the labyrinth, got defeated, and when he noticed, he already became a bone man《Skeleton》. Agonizing since he can’t enter the town with his current condition, he’s recalling about the existence of monster evolution, with a goal to gain a body with muscle, he defeats the monsters of the labyrinth. [ Lv999 No Murabito ] Chapter 34 | | In this world, the concept of levels exist. Other than those who live off defeating monsters, most people are only around Level 1 to 5. What's more, not just anyone can go out to hunt monsters; it's heavily influenced by one's role appointed by God. There are eight such eligible roles. Warriors. Fighters. Clerics. Magicians. Rogues. Merchants. Hunters. Sorcerers. Those blessed with extraordinary power are divided into three types. Royalty. Heroes. Sages. But for the majority of the population, they have no such powers and live by farming or running shops. Towns are developed by those with the weakest role... Villagers. For the powerless Villagers going out to hunt monsters is equivalent to committing suicide. But one day, a certain two-year-old child given the role of Villager notices something. Once you defeat a monster... you can earn great wealth. [ To You, The Immortal ] Chapter 122.2 | | An immortal being was sent to the surface of the earth and met a boy living alone in the middle of tundra. The being can take the shape of dying things, but only if the "impetus" is stronger than the previous one. What sort of experiences and meetings will the being encounter while living forever? [ Otoge ni Trip Shita Ore♂ ] Chapter 5 | | College student Otonari Otoya is a boy who lacks self-esteem and dreams of being reborn into a different dimension. One day while playing a [video] game, he accidentally clicks on an ad, and trips into another world?!?! He's surprised but delighted, until he realizes that something's strange. A whole group of guys are treating him too kindly, almost like he's a girl! Could it be that the world Otonari was transported into... is an otome game?!?! [ After Being Reborn, I Became the Strongest to Save Everyone ] Chapter 8 | | Eric has had a hard life. At the age of 16, his village was overrun by monsters, who killed his friends and family. He soon became a soldier but failed to save the life of the woman he loved. In the end, he died on the battlefield, surrounded by the bodies of those who he couldn’t protect. When Eric wakes up, he finds himself in a baby’s body. Realizing he has been reincarnated, he quickly wonders what is going on before he gets another shocker: the man and woman who are raising him are in fact his previous life’s parents! That’s right - Eric was reincarnated but as himself. No alternate worlds, no skill trees, just his memories sent back to the moment he popped out of his mother. Armed with the knowledge of his past self, Eric vows to save everyone now that the universe has pushed the reset button for him. [ Overgeared (Team Argo) ] Chapter 30 | | Young Woo Shin, Username: Grid. In the words best virtual reality game , bad luck always revolves around him. But he stumbled across a job during a quest, the strongest legendary job out of over 2 billion players! [ Wicked Trapper: Hunter of Heroes ] Chapter 7 | | Echizen, a game developer known to make the hardest of games to the point that they were near impossible to complete, earned himself the title of the "God Trapper". However, he quits the company when he isn't allowed to do what he's best at: Building traps. His destiny then takes another sudden turn when he is transported to another world which most would describe with the word „hell". He meets the Demon king's daughter and manages to obtain her power, turning him into a true „God Trapper". From there his journey in this new world, he perceives as heaven, begins. [ I'm Destined For Greatness! ] Chapter 40 | | When you succeed at everything you try, you have no choice but to seek challenges elsewhere, like in a game. By using the trash jobs that no one pays any attention to, with the right attitude you're bound to accomplish your goals! even succeeding at the most impossible of quests, the main character bets everything he has. "With my skills I'll beat this game!" [ The Strongest Florist ] Chapter 7 | | Hwang Jae-Ho joins a game and wants to open a flower shop, thus begins his long journey of being a florist in a virtual world. [ Record of the War God ] Chapter 11 | | Mu Soh Wol opened his eyes 20 years later to stop the cults aiming to dominate the midlands. “Who are you……!” The question of his defeated foes. But they received an answer that filled them with despair… “Mu So Wol…that is my name!” The legend of the War God, forgotten in time, has begun once more [ The Ride-On King ] Chapter 22 | | Alexander Purchinov is president for life of the country of Pursia, a country ruled by violence and the influence of its government. Alexander always desires to be dominant, and "ride" things, whether literally or figuratively. Now that he has already ridden his country, his next target is a fantasy world that has orcs, wyverns, and centaurs. [ Omniscient Reader's Viewpoint ] Chapter 8 | | ‘This is a development that I know of.’ The moment he thought that, the world had been destroyed, and a new universe had unfolded. The new life of an ordinary reader begins within the world of the novel, a novel that he alone had finished.
[ Solo Leveling ] Chapter 110 |
| In a world where awakened beings called “Hunters” must battle deadly monsters to protect humanity, Sung Jinwoo, nicknamed “the weakest hunter of all mankind,” finds himself in a constant struggle for survival. One day, after a brutal encounter in an overpowered dungeon wipes out his party and threatens to end his life, a mysterious System chooses him as its sole player: Jinwoo has been granted the rare opportunity to level up his abilities, possibly beyond any known limits. Follow Jinwoo’s journey as he takes on ever-stronger enemies, both human and monster, to discover the secrets deep within the dungeons and the ultimate extent of his powers. That's All For Now, If your wondering why I Involved Solo Leveling is Because MAYBE some of you guys are living under a rock so I Included that one, I very much Recommend it for starters and basically anyone. Hope You Enjoy The list, Upvote this so someone else can enjoy it : )
3 Ooh hello. This isn't Lift! So who is this mysterious character. Well we have a name! Hauka. I'm assuming Tallew is some sort of grain. For some reason my dumb ass thought it was the city name till i checked and it was Yeddaw! That's what i get for reading late last night haha. Aiming to read it all today. If i can. Liaforan. I like that. Idk why. Its satisfying to say😂 I had to look at the Roshar map online and i gotta say i didn't even know it was a thing until this. Yeah this farmer is corrupt as shit. But he isn't hiding anything so where does he get it from?! Lovely to see they're as snobby and classist as the rest of Roshar and indeed Earth. Its awesome that its a realistic society but also its kinda sad that still these prejudices exist in the fantasy realms. Although it can sure make for interesting politicking! Ooh lunch. That's made me hungry now! Nun Raylisi and Tashi. I don't remember these before. Interesting. And they're enemies. Hmm. Raylisi and Rayse. Sorta sound similar. Tashi and Ishar? That's the only similar sound i can think of. Although we did have a similar dynamic between the brother gods in the purelake religions. But why could Tashi only protect them in Tashikk i wonder. Ooh is this the result of Taravangian's meddling?! Seems like everyone is gearing up for war.Who is the god king of the Tukari? And looking at the map of Roshar, Tukar is where that city Lift mentioned was and what Kal saw in his vision! Seems like there's more to that location than we know right now. Briefly skimming WoK ch 46 i now see the reference to Sesemalex Dar with the long troughs and war nearby. It seems these wars have been going on a long time or Kal saw a vision of the future and I'm more inclined to the former. Wow. Nasty guy taking advantage of the war. Humble farmer my ass. Good the money will go to supporting refugees. Unpredicted highstorms mentioned again. Very clearly things are changing with the weeping, a foreshadow of the everstorm to come! Hmm. I wonder why no open flame is allowed in the city. Yeah farmer. Just take the deal! Haha that's the way for Lift to make an entrance! But easily missed if you dont spot it, it is said she looks eleven or twelve. And we know she might have started growing. So I'm thinking this is a cheeky little reference! Wow. That smuggler really is a nasty son of a bitch. Hates refugees. Pancakes!! I can certainly sympathise with Lift's motives here haha. Ok i just read the entire sequence here cus it was soo funny and engrossing plus theres not loads of reactions from within the whole thing so imma just cover the whole chase sequence. I had scenes from ratatouille in my mind weirdly when reading this! Iove it. Such pure boundless energy and humour for all the family. Love a good bit of slapstick, and when the two guards both reached and tripped it reminded me of thomson and thompson from Tintin!! And then when Lift released all the grain to the refugees, it was brilliant! Hillarious and doing good in the world! What this black dust is i have no clue. Reminded me of white sands actually! Ooh but i suppose it could be Wyndle when the crystals fade to dust. Probably is that. 4 Handy reminder about Lift being partially in the cognitive realm. What the hell happened in her past? Was that why she was able to stay young but then now the cognitive realm is changing cus of Odium and that's why she's changing? Omds i just imagined Lift using Wyndle as like an Indy style whip and now my brain is just thinking about what if you invested a whip with breath. That would be amazing to have like an Allomancer Jak style character with an invested whip. Someone totally needs to suggest this to Sanderson!! I find it interesting they praise various gods and Heralds. Like not all just one. I suppose its probably a mixed bunch of Rosharan refugees which makes sense. Oof. Bavland is totally being had right there haha. Seems like their morals are a bit askew😬 Minutes?!! Wow these people are starving. More than Lift! Although she should be awesome enough for a bit now eh. Sure sure Lift. Trying to pass it off as self care but we all know you've got a kind heart. Alm or Desh. Man I am having to refer to the Roshar map a lot! Lift has been about!! Woah. A roof tile? Lift my dude, what posessed ya! Oooh so Zawfix is relatively close to Urithiru. That's cool. But boy Sanderson is working hard to get as much worldbuilding in as he can!! Yeah I'm still curious why the storm water doesn't just totally flood the place! I hope the everstorm doesn't destroy all the shanties for the refugees, although i can't hold out much hope i don't think. I love this vibrant feel of this quarter. It makes me think of the local poorer quarters in lots of third world countries which often can be filled more with colour and life than a lot of western cities. Yeah i gotta say I'm with Wyndle on this one lift! Funny sequence but unnecessary energy wastage. Haha Wyndle back on his gardening rants again. Love it. Wait is that Ym? Is this confirmation he is an edgedancer?! Well, was 😬. he did have rewgrowth so we knew he was an edgedancer or a truthwatcher. But could it be someone could have the potential to bond with more than one order? Danger from the west. Well west of there would be Shinovar. Are they talking about Szeth? Oh Wyndle. You really should be more careful what you say. I suppose he will have to get her to say the words eventually but if he doesn't want to become a shardblade, he doesn't have to be so obvious about it! Although luckily for him, Lift just dismisses it as Voidbringer nonsense! Ooh that's kinda cool how Wyndle reads. Lift feeling a little claustrophobic eh. Well.i suppose the rich people of Yeddaw have wanted to quarantine the refugee quarter so to speak. Interesting the crem change as you go west. What's up with that?! Well if they want to sneak in/out it could be very useful Wyndle. I'm assuming the Grand Indicium is some kind of policing headquarters or something. Of course Lift would knock a lady by accident! Run!!! 5 People always turn anything into a miracle! Which devalues actual miracles!! Woah so she doesn't remember her mother. Just like Dalinar doesn't remember his wife. Is this because she crossed to the cognitive so lost some of the memory like the spren do coming the other way? But then that would hint at Dalinar having some sort of cognitive connection. Oof my brain is alive with all these theories!! Aww its so sad to see a 10 year old, well 13 year old, so happy and relatively carefree, feel such things as a loss of personal identity. 6 Ok i don't have a storming clue what was just said but i assume Wyndle will be getting a translation! Ah yeah i remember Hauka talking about trading info. I like people who value information. Aha. So a fire is why they dont allow open flames in the city. Makes sense! Yeah i can imagine if the patterns of storms become permanently irregular it could cause a lotttta problems for those who rely on stormlight for trade. Good thing they have info to share! Huh. What are keenspren? Not heard of them before. I assume it isnt spren who show up when someone is keen to do something cus that would be a bit odd. Ok i definitely feel like that was investiture linked. The ability to speak slang. It sounds similar to Connection from Mistborn E2. Curious indeed. I love the little quirks Brandon puts in like this. The gems on strings makes it easy to keep track of though i guess. And yeah I'd definitely lose the little gem fragments lol. Lift ALWAYS manages to bring it back to food haha. Ah yeah i see how it is. The ruffians can use the back entrance, unworthy of the city nobility and wealthy. A flat wide face? For some reason I'm struggling to imagine that. And Wyndle notices it too so maybe there's some kind of condition I'm not recognising. Idk. Ooh a mysterious woman. We love mysterious peoples. It means mysteries and plot movement! I'm guessing she's abandoning the kid. Poor kid. With the scar too. Goodness knows what he's been through. Well done Sanderson, painting the realities of orphanages. Not some happy clappy paradise for kids to share. Often they have mental health issues once they grow up and struggle to fit in. Definitely not what some people think they are. Oh my. The hair. Oh no that's so sad. :( Haha Lift always manages hilarious descriptions of people! Well she wasn't too helpful! But three meals is better than nothing! And she has her reasons. Ok an old man or beggar in a story. Is this Hoid?! He did kinda just start talking out of nowhere talking about it being difficult to handle everyone's problems! Yes Lift. You are extremely Awesome! I would love to see her vs twig face haha. The Stump huh. What a name that is! I think I'd rather be called the rock or something else if I'm gonna be compared to something stoic like that! Hmm. That's definitely odd. What's up with this sphere trading. Something underhand is going on. Ok this question is classic Hoid. Its gotta be him. I'll eat Wayne's hat if it isn't! Haha i like Lift's answer. Too good haha. Ooh an appointment with whom?... lets find out!! 7 Yikes. Either one of those scams is very dodgy. I must admit i didn't have a clue about what was going on with the money exchange but laundering makes total sense. Ha Wyndle, spend a bit of time with humans and you'll realise there are many shits like that taking advantage of people. What a profound statement. Emotions are indeed a very powerful and dangerous tool as we can see in the world today. A strange little horse with with horns. A bull? But that wouldn't be little. Lol. Hang on white and horns? If it only had one it would be a unicorn! Eeek. Lift better survive the everstorm i swear. Don't want her dying Sanderson!! Aww poor Hauka. Rough day eh. Well maybe Lift can improve it for ya :) Does nobody notice an adolescant girl climbing up the apartments?!! Such attention to detail with all the flora and fauna in the worldbuilding. Love it. What a beautiful sight that would be i imagine. The spheres lighting up the slots. Lift clearly has some sort of idea of something going on here. But what? Haha yes Wyndle, i think many of us often find ourselves in the same awe at the scrapes she gets herself into! I wonder if this is a generic reference to nightmares or if there is actually something in her future that terrifies her when she sees it in her dreams. Guess we'll find out more in book 6 when we see Lift's flashbacks! Haha Lift. Welcome to bed hair my friend! Omds. Imagine the look on the farmers faces haha. Would they not have noticed before?! Oh flip. What's darkness got to do with Hauka?! Well she finally admits it! We all knew Wyndle was right. No matter how many pancakes she was gonna eat! But that whole thing earlier being a spectacle? Now that's great plotting. I just assumed it was a funny little sequence but it takes on such significance now! Ooh i do hope we get to meet another prospective radiant. That would be cool. I, Lift, would argue its both. You feel a loss of identity and things changing, so you look to another like you to explain what's going on, aaannd you have a sense of justice too. Prince of Tashikk. I wonder who that is. And what are the bets Nale has used orders from his time period to get away with his work! So, Hauka has been trading with twig lady maybe. Interesting. Well that's gonna put a spanner in the works for Lift, now everyone is gonna be looking for her! Are you crazy kid?! Tailing Nale? Madness i swear!!! 8 Yep the walls are definitely gonna feel smaller if loads of people are hunting you😬 Ha probably tourists lol. Lucky Lift is preoccupied! I don't know why either! There's probably some clever scientist out there who reads the books and has figured out why it disappears after half a day of inactivity. Well tbh if i saw a man with a scar like that walking with purpose, I'd probably step out of the way too! Hmm. Does Nale has some invisibility ability? If Lift loses track of him but never loses track of normal people. Guess we might find out later! Phew. You nearly messed it up Lift! Be more careful next time. Could be you the shopkeeper shouts at!! Uh oh. Hes a skybreaker. He won't take this lightly at all.👀 Holy shit. Did he really have to use a fucking shardblade?! And he just fills the paperwork and goes to leave with no further thought! How was this man ever a Herald? He doesn't seem honourable. Hmm this seems to imply Nale knows Tashi and Tashi is real. So maybe it is one of the heralds then and he could be out in the world again considering what Nale says here. But he says it like its a bad thing. Two mad heralds, a barbaric one, and maybe another one too now. But when will he arrive I wonder. Wow. He just refers to the legalese. No heart. Seriously, what happened to these guys? And he's even confused why nobody understands. Its just beyond belief. Ooh was that a cognitive shadow? That's cool. Yeah Lift, it's severed the soul so too late for you kiddo :( Wow ok. Lift really likes danger huh. Ooh thats interesting. I imagine this is where a lot of their shared water comes from. Yes Lift! I will remember those who others forget!! Eyes you cannot see. Local spies or maybe even Szeth himself? Eek! Yes i knew it! There is something supernatural about his ability to disappear. Makes it even riskier! Oof ok Tashi has gotta be a herald then. 10 heralds. Lool Wyndle trying to warn Lift and she just doesn't care haha. I wonder how many words there are to say. Well she isn't wrong there Wyndle. She'd never get over her own death!!! Oh so now she worries about people seeing her hanging! Although it was night before so it makes more sense now. I didn't consider that at the time. Well thats an awesome use of her regrowth. And Lift is right. Often people are too busy in the mundane they can miss something awesome right in front of them! Flipping heck Wyndle. You'd have thought he was high or something lol. Whst a reaction! But he is a gardener i suppose!! Is it just me or is always old male guards who are there whenever a character sneaks in somewhere in like every book or movie ever haha. But Nale does seem to be recruiting for his order. They could be a LOT of trouble in Oathbringer. Of course Lift found the food first😂 but at least she can gain back some stormlight now since no doubt she'll need to use it. Yeah Wyndle. Its very obvious you need to stop Nale! Its the edgedancer thing to do. You know what i thought about just now. The reversed positions of the radiants and the heralds. In the stories the radiants grew corrupt or whatever and they're bad but the heralds are perfect. So far, the radiants we've met are by no means perfect, but the Heralds are also not who we were led to believe they were. Well i got work tomorrow and its nearly 10 here so I'm calling it quits about halfway now. Back on it in the morning! Don't forget tomorrow, 7/7/20 is Leatherbound Kickstarter Day guys!!! Just don't take all the copies before i can order one😝 And just as a heads up, i predict I'll finish Edgedanxer tomorrow, then probably Weds i will make a post of my own oathbringer predictions and listen to the shardcast predictions episode. Thursday the 9th my journey through Oathbringer should begin, and I'm gonna aim to finish by my 21st, the 16th October, so 14 weeks. I did WoR in about 12 so i think its achievable. Then i will look into the RoW release extracts and if the novella is out, i have a month to make my way through that too!
Hedging Bets: Turkey positions itself as supply chain alternative to China
By James M. Dorsey A podcast version of this story is available on Soundcloud, Itunes, Spotify, Stitcher, TuneIn, Spreaker, Pocket Casts, Tumblr, Podbean, Audecibel, Patreon and Castbox. A Turkish-US business council is projecting Turkey as a trading alternative to China with the help of influential US Republican Senator Lindsey Graham, a close associate of President Donald J. Trump. The Turkish effort comes two weeks after President Recep Tayyip Erdogan heralded a new era in long-strained relations with Washington. Mr. Graham’s agreement to participate in a webinar organized by the Turkey American Business Council (TAIK), an affiliate of the Foreign Economic Relations Board of Turkey (DEIK), the country’s oldest and largest business association, comes amid Turkish efforts to improve relations with the United States as a hedge to its ties to Russia. “The growing rift between the United States and China creates significant opportunity for geopolitical cooperation. Turkey and the United States would both benefit economically,” said a Turkish businessman. Criticism of China’s handling of the coronavirus pandemic has widened the gap between Washington and Beijing and sparked calls for diversification of China-centric global supply chains. Already hard hit, Turkey’s economy has suffered further body blows as a result of the pandemic at a time that Turkish and Russian forces have in recent months ended up on opposite sides of battles in northern Syria and Libya. Forces of the Turkish-backed, internationally recognized Islamist Government of National Accord (GNA) drove Russian-supported rebels led by self-appointed Field Marshall Khalifa Haftar out of western Libya in recent weeks after Turkish electronic warfare and drones whacked Russian anti-defense missile systems. Rejecting calls by Egypt and Mr. Haftar for a negotiated end to the Libyan conflict, the GNA has vowed to push further by taking the Haftar-controlled, oil-rich south-eastern city of Siirt. Turkey has seconded the GNA’s refusal to negotiate with Mr. Haftar. Egyptian President Abdul Fattah Al-Sisi suggested this weekend that Egyptian troops could intervene if GNA forces attacked Siirt. An Egyptian intervention could lead to a battlefield confrontation with Turkey and further muddle Turkish attempts to manage differences with Russia. Turkish efforts to improve relations with the United States are betting on the belief that the GNA’s military victories have dampened US hopes that Mr. Haftar could emerge as a unifying figure in Libya. Turkish relations with the United States were strained by the NATO member’s acquisition of Russia’s S-400 anti-missile defense system, the presence in the US of a Turkish preacher whom Mr. Erdogan holds responsible for the failed 2016 military coup against him, and legal proceedings against a state-owned Turkish bank charged with circumventing US sanctions against Iran. Mr. Erdogan is also banking on his personal relationship with Mr. Trump that in the past has produced decisions by the US president that overrode opposition from the Pentagon and other branches of his government. First and foremost was Mr. Tump’s acquiescence to Mr. Erdogan’s request last year for a pullback of US troops in northern Syria that paved the way for a Turkish military incursion. Mr. Erdogan again sought to capitalize on his relationship with Mr. Trump in a June 9 phone call. “To be honest, after our conversation tonight, a new era can begin between the United States and Turkey,” Mr. Erdogan said without offering further details. Mr. Erdogan spoke to Mr. Trump as Turkey was projecting itself as an important US trading partner. The TAIK webinar, entitled ‘A Time for Allies to be Allies: Turkish American Global Supply Chain,’ in which Mr. Graham is scheduled to speak alongside former U.S. Senator David Vitter of Louisiana, is part of an effort to position Turkey as a key player in reducing US dependence on Chinese supply chains. Foreign Lobby Report, a Washington-based online news service, reported that TAIK, working with lobbying firm Mercury Public Affairs, had approached Mr. Graham in March with the proposition that Turkey could serve as the United States’ gateway to Africa. “As we strive to move forward, we at TAIK are already contemplating how we can reignite the economy post-pandemic,” TAIK chairman Mehmet Ali Yalcindag wrote in a letter to Mr. Graham. “Joint ventures in Africa could be an exciting part of this plan. Not only would we be helping fragile economies that will need assistance in recovering, but we also would be striking a blow against Chinese designs in Africa and forging closer economic ties between Turkey and the US.” Mr. Yalcindag recommended in a separate letter last month to US Commerce Secretary Wilbur Ross “an initial focus on LNG (liquified natural gas) and agriculture imports from the US. At the same time, Turkey could boost exports of white goods and automotive parts — diversifying America’s supply chain away from China, a stated goal of the Trump Administration.” Boosting agriculture exports that were hard hit by Mr. Trump’s tariffs on Chinese imports ranks high on the president’s priority list. Mr. Vitter, the former senator scheduled to speak in the TAIK webinar, backs a push by Louisiana Natural Gas Exports Inc. to provide Turkey with “long-term, secure, competitively priced access to Turkey’s LNG terminals, gas pipeline and storage facilities” that would make the country less dependent on Russian and Iranian imports. The push came as Botas, Turkey’s state-owned gas grid operator, opened a tender for the construction of a pipeline to Nakhichevan, an Azerbaijani exclave in Armenia. The pipeline would allow Azerbaijan to reduce imports from Iran. Mr. Erdogan and his energy minister, Fatih Donmez, have long called for diversification of Turkey’s energy imports. Turkey last month authorized twice weekly cargo flights by El Al, Israel’s national carrier, between Istanbul and Tel Aviv despite its strained relations with the Jewish state. Two of those flights ferried medical supplies from Turkey to the United States. The flights to Turkey were El Al’s first in ten years. “Now is the time to reinforce the climate of cooperation and solidarity, China-dependent firms in the supply chain are…turning their eyes to different countries, Turkey being among them,” Mr. Yalcindag said, pointing to the fact that Walmart, one of the world’s biggest retailers, had begun to source products in Turkey. Predicting that a decoupling of the United States and China would create common interests between the US and Turkey, Turkish Vice President Fuat Oktay added that “the pre-pandemic global economy was built on a single supply chain, with China at its core. For countries like Turkey, with our robust manufacturing sector and our young population, this will be an economic opportunity.” James M. Dorsey is an award-winning journalist and a senior fellow at Nanyang Technological University’s S. Rajaratnam School of International Studies in Singapore. He is also an adjunct senior research fellow at the National University of Singapore’s Middle East Institute and co-director of the University of Wuerzburg’s Institute of Fan Culture in Germany
Alright, neoliberals. I've got a ton of notes from Joseph Stiglitz's "The Great Divide" and "Rewriting the Rules of the American Economy". What have the succs got wrong?
At the same time that I've been browsing this subreddit prolifically (because it's the only political subreddit I've found where something like this thread I've linked gets upvoted), I've done a lot of reading, specifically Joseph Stiglitz's books The Great Divide and Rewriting the Rules of the American Economy. Apparently you guys don't like Stiglitz, so I'm looking for whatever criticism you have to throw at the ideas presented in these two books. Stiglitz seems to agree with you all a lot, so I'm kinda confused. I read these books thinking your ideas and his are one of the same.
The Great Divide
Despite being longer than Rewriting the Rules of the American Economy, I took less notes on this one, since I didn't care as much about retaining my memories of what I read at the time. Anyways, here's everything you guys apparently don't agree with:
The financial crisis was the result of extreme laissez-faire economics on the part of prior administrations. While the crisis cannot be pinned on any single action or person, if you had to, it’d be former chairman of the federal reserve Alan Greenspan, appointed by Ronald Reagan. He could have curbed predatory lending to low-income households, and even if he didn't have the tools to do so, he could have gone to congress to ask for them.
The response to the crisis was terrible. Ben Bernanke, chairman of the federal reserve from 2006 to 2014, believed that the Great Depression was caused by the federal reserve tightening the money supply when it should have been loosening it, flooding the market with liquidity. So, that’s exactly what he did, through increased quantitative easing(a monetary policy where a central bank buys government bonds and other financial assets to increase the money supply). This was good, but it wasn’t enough.
The Obama administration and congress failed to pass an adequate stimulus. The problem faced at the time was far greater than the Recovery Act of 2009 was built to deal with.
Credit rating agencies have an incentive to provide unusually high, inaccurate grades to debtors because they're being paid by them.
The probability of civil conflict in any typical country is 2.3% for any given year. In a country in the 95th percentile of horizontal asset inequality between ethnicities, the probability is 6.1%. In other words, if ethnicities have varying levels of wealth and it isn’t because of actual differences in merit, they’re more likely to get violent.
Instead of taking innovative risks and investing in the economy, the rich tend to also use their wealth for rent seeking, where they expand their share of wealth in the economy without increasing the total amount. This is usually done through the government. For example, a company might lobby the government to get more subsidies or increase regulations on competitors. This has become increasingly common in the United States, and is a big reason why we have so much inequality.
The Great Depression was caused by the widespread decline in agricultural prices and incomes, caused by greater productivity, which forced farmers to borrow heavily from the banks. They couldn’t pay back their debt, of course, so eventually they defaulted on their loans and brought the entire system down with them.
Derivative: A security with a value dependant on the value of an underlying asset or group of assets such as stocks, bonds, commodities, currencies, interest rates, or market indices like the S&P 500. Stiglitz and other economists are highly critical of the trading of derivatives, often referring to them as financial weapons of mass destruction due to the risks they pose for their owners.
Only 58% of Americans born into the bottom fifth of earners move out of that fifth. (In a perfectly mobile society where everyone has an equal chance of winding up at the top, the chance would be 80%. That would be hard to accomplish, but we’re still far from it, showing a significant lack of opportunity.)
Only 6% of Americans born into the bottom fifth of earners move into the top fifth.
Predatory lending: Lending that is unfair, deceptive, or fraudulent, intended to benefit the lending organization. Lending of this kind fed the housing bubble.
Subsidizing crops allows farmers to undercut the prices of farmers in foreign countries, who tend to live in poor, undeveloped countries, making them especially vulnerable to the consequences of being outcompeted.
Alternatives to intellectual property laws include government-financed research, foundations, and the prize system, where the government writes a check to people who contribute to society through innovation.
Capital gains, meaning profits from the sale of property or investments(such as stocks), are taxed at a lower rate than salaries and wages. This encourages speculation, which can be harmful to the economy if done excessively.
Attempts to restore confidence during a recession by lowering the deficit through austerity makes the recession worse by lowering aggregate demand.
The US was pulled out of the Great Depression by the massive rise in government spending triggered by WWII.
Extreme inequality lessens aggregate demand, slowing economic growth, because the rich tend to spend a smaller fraction of their income than those who are less well off.
“The U.S. by itself could go a long way to moving reform along: any firm selling goods there could be obliged to pay a tax on its global profits, at say a rate of 30 percent, based on a consolidated balance sheet, but with a deduction for corporate profits taxes paid in other jurisdictions (up to some limit). In other words, the U.S. would set itself up as enforcing a global minimum-tax regime. Some might opt out of selling in the U.S., but I doubt that many would.”
Rewriting the Rules of the American Economy
The Current Rules:
According to economists Michele Boldrin and David K. Levine, "there is no empirical evidence that [patents/intellectual property rights] serve to increase innovation and productivity"
Countries like the US can avoid a race to the bottom by banning imports of products produced in countries that don't regulate the behavior of businesses in the same way they do.
While the average stock was held for around seven years in 1940 and two years in 1987, by 2007 the average share was traded every seven months.
In 2012 average compensation for the 500 highest-paid CEOs was $30.3 million, of which only 6.3 percent was salaries and bonuses. The rest is largely driven by gains from stock and stock options given to executives as a substitute for salary.
In 1965, the ratio of the average annual income of CEOs to workers was 20 to 1. By 2013, it was 295 to 1.
Higher pay for CEOs through stocks and stock options incentivizes the manipulation of stock prices and seeking increases in short-term profits, shifting attention away from actual performance.
High marginal tax rates deter rent-seeking, meaning strongly progressive taxation can help enhance performance of the overall economy by deterring socially unproductive activities and directing more resources into real investment.
Cutting dividend taxes only encourages higher dividends, not investment or wage growth.
For every additional percentage point of unemployment, income declines by 2.2 percent for families at the 20th percentile of the distribution, by 1.4 percent for median-income families, and by just 0.7 percent for families at the 95th percentile; these different levels of exposure to unemployment risk are a product of increasing inequality.
According to economist Alan Blinder, inequality rarely declines when unemployment is above 6%. Additionally, periods of below full employment do lasting damage to productivity, equity, and opportunity.
The Fed's prioritization of inflation over employment has weakened the position of people who work for their living and strengthened those whose income relies on the return to capital.
Union participation in the US fell from over 30% in 1960 to 20% in 1984 and 11.1% in 2014.
Between 1973 and 2013, productivity grew 161% while the compensation of production/nonsupervisory workers rose only 19%.
While workers cannot be fired for participating in a legal strike, they can be replaced indefinitely and reinstated only at the employer’s discretion.
Between 1980 and 2007, despite a 50% increase in the workforce, the United States cut the number of minimum wage and overtime inspectors by 31%. A 2008 survey of 4,000 low-wage workers in three cities found that 26% received less than the federal minimum wage and 76% did not receive overtime pay to which they were legally entitled.
Researchers estimated an average loss per low-wage worker of $2,634 in wage theft per year with a national total of up to $50 billion per year.
An estimate shows that a 10% increase in the minimum wage would reduce poverty by 2.4%.
Researchers at the University of California Berkeley Labor Center estimate that, because the jobs of workers at the bottom do not pay enough to meet a basic needs budget, the federal government along with taxpayers spent nearly $153 billion per year from 2009 to 2011 on Medicaid, the Children’s Health Insurance Program, food stamps, and Temporary Assistance for Needy Families.
In 2013, economist Robert Lynch and immigration expert Patrick Oakford estimated that delivering comprehensive immigration reform would boost undocumented workers’ wages by 15-25 percent and U.S. economic output by $832 billion to $1.4 trillion over a 10-year period.
Agricultural and domestic workers, who were overwhelmingly African-American, were originally excluded from the Social Security program.
The lack of a path to citizenship for 11.2 million undocumented Americans relegates more than 5 percent of the workforce to the shadows, vulnerable to exploitation beyond the reach of labor laws.
In a recent field study, researchers sent similar resumes with a variety of names that sound white, African-American, or Latino to apply for entry-level, low-wage jobs in New York City. Not only were African-* * American applicants half as likely to get a callback or job offer, but also whites with recent prison records actually fared as well as African-American and Latino applicants with clean backgrounds and similar credentials. (Note: Field study conducted in 2009.)
Despite accounting for less than 16 percent of the overall student population, African-Americans make up 42.5 percent of students in high poverty elementary and secondary schools.
While 32% of white children born into the bottom quartile stay there as an adult, 63% of African-American children stay there as an adult. While 14% of white children born into the bottom quartile move to the top quartile as an adult, 4% of African-American children born into the bottom quartile move to the top quartile as an adult.
Regions of the US that are more equal and more integrated - across income, race, and place - are better able to sustain growth over time.
Less than half of working mothers without paid leave who lose their job by staying home with a newborn found jobs again within a year. By contrast, 87.4 percent of mothers with paid family leave returned to work within a year.
Women comprise two thirds of low-wage workers, even though they comprise less than half of all workers.
Ninety-five percent of part-time and low-wage workers have no access to paid family leave.
Women make, on average, 78 cents for every dollar a male counterpart makes. African-American and Latina women are paid 64 and 56 cents, respectively.
Discrimination against women in the workforce lowers aggregate demand and thereby stymies economic performance.
Rewriting the rules:
These proposals aim to reduce inequality and improve economic performance by restructuring the rules shaping the economy. It’s a twofold approach: the first move is to tame rent-seeking behaviors that unduly reward those at the top while raising costs for the rest and reducing the efficiency and stability of the U.S. economy. The second part of our agenda seeks to restore the rules and institutions that ensure security and opportunity for the middle class.
Taming the top
Make markets competitive -We need a 21st century competition law that recognizes that we have moved from a manufacturing to a service and knowledge economy, where different principles of competition are relevant. Restore balance to global trade agreements -Trade agreements written behind closed doors with the active participation of firms but no other stakeholders are failing to deliver the rules we need to manage globalization in a way that benefits all. -Businesses wishing to trade with businesses in the US under the terms of an agreement should be audited and certified by a credible, independent third party such as the International Labor Organization; certification then buys the company a right to trade under the preferential treatment of a trade agreement. Control health care costs by allowing government bargaining -Firms from across the health care industry have been allowed to consolidate and expand, reducing competition and raising prices. -By bargaining with drug companies for bulk purchases, the VA pays 40 percent lower prices for prescription drugs than typical market prices. -The federal government should establish a national prescription drug formulary, establishing the cost effectiveness for all prescription purchases covered under all public health insurance plans, not just those for veterans. Rebalance the rules for bankruptcy by expanding coverage to homeowners and students -Removing the special protections for derivatives in bankruptcy, a feature that benefits Wall Street but actually makes firms more risky as they rely more on these exotic instruments, is essential in reducing the excessive financialization of the economy. -Removing some of the most burdensome elements designed to make filing for bankruptcy harder will help individuals move on from the misfortunes that can happen throughout life. -A homeowners’ chapter 11, analogous to corporate chapter 11, would keep families in homes and give a fresh start to families overburdened with debt. Fix the Financial Sector -The financial sector isn’t doing what it’s supposed to: managing risk, allocating capital efficiently, intermediating between savers and investors, providing funds for investments and job creation, and running an efficient 21st century payments mechanism. End “too big to fail” -Banks that are so big that their failure will cause the entire economy to contract don’t need to internalize the costs of their failures and can reap huge benefits from risky bets. They have a perverse incentive to take on excess risk, knowing that should a problem arise they will be bailed out, with losses being borne by others. -Even when banks aren’t too big to fail, they can be too interlinked to fail: with excessive linkages the failure of one institution can lead to a cascade of other failures - stoppable only with a government bailout. That is why interlinkages need to be transparent and regulated. -The Financial Stability Oversight Council should assess large, systemically risky financial firms with an additional capital surcharge above what regulators currently assess under the Basel Accords in order to make failure less likely and more manageable. A surcharge would force banks to internalize the true cost of their risks and improve economic efficiency, while insulating taxpayers from the costs of failed institutions. Regulate the shadow banking sector and end offshore banking -Shadow banks are nonbank financial institutions that engage in lending by trading bonds and securities, often by bundling them through a process called securitization. -The SEC should reevaluate and expand on its recent ruling on money market mutual funds, whose vulnerabilities in the 2008 financial crisis sparked a panic. -The Federal Reserve must write clear rules outlining the government’s role in back-stopping the shadow banks. -There needs to be a re-examination of the extent to which shadow banks and offshore financial centers are used to end-run the regulations designed to ensure a safe and sound financial system. Bring transparency to all financial markets -Congress should expand the SEC’s mission, and require private equity and hedge funds to disclose holdings, returns, and fee structures. The SEC should provide additional regulatory scrutiny and investor advice on these deals. This will formalize their regulation, making it similar to mutual fund regulations; the competition that will follow from this price transparency will help reduce financial rents. Reduce credit and debit card fees -High consumer fees on credit and debit card transactions are one clear symptom of abuse of market power in the financial sector. -These fees are a monopoly rent on the country’s networked payments infrastructure. Enforce rules with stricter penalties -In the past decade there’s been a shift away from strict criminal enforcement of financial regulation. Fewer, if any, cases go to court. Instead the SEC and the Justice Department settle with favorable conditions, such as deferred prosecution agreements. Under these agreements, the parties regularly don’t admit to any wrongdoing, or even pay penalties commensurate to their benefits. No individual is held directly accountable. The fines that are paid come from shareholders and are tax deductible; the perpetrators of the offenses aren’t necessarily punished or made to give back the compensation they received as a reward for the extra profits generated by their illegal activities. -Firms promise not to repeat their offenses, but they usually do. -The SEC and other regulatory agencies should instead focus on more strict enforcement, and Congress should hold the agencies accountable if no progress is made. No company should be able to enter into a deal like a deferred prosecution agreement if it is already operating under such an agreement. These agreements should face stricter judicial review and scrutiny, and compensation schemes should be designed so that perpetrators face significant consequences - for instance, a clawback of bonuses and a reduction in retirement benefits. Incentivize long-term business growth -The rules governing corporations and taxes on capital and top incomes have changed to favor short-term shareholders and CEOs who chase short-term stock price gains above all else. -This has led to greater inequality and has undermined real investments that create long-term growth. Restructure CEO pay -Adjust the tax code, which privileges compensation of executives through equity-heavy compensation, particularly stock options. -Eliminate or curtail the performance-pay loophole (by which stock options and other excessive CEO pay receives favorable treatment). This will both address executive pay being too high and discourage CEOs from behaving like financial speculators. -Maintain the $1 million cap on the deductibility of executive compensation reform, eliminate the exception for so-called performance pay, and expand these limits on deductibility to the highest paid executives in a company overall. -The SEC should require corporations to state the value of compensation in simple, easy to understand language. -There should be mandatory shareholder votes on executive compensation on an annual basis(footnote: our current Say-on-Pay rule is non-binding). Enact a financial transactions tax -Short-term financial transactions can contribute to economic volatility without providing any larger benefit to the economy as a whole. -A variant of financial transaction taxes are currently employed without negative consequence in vibrant financial centers like London and Hong Kong. -Congress should pass a financial transaction tax designed to encourage productive investment. Empower long-term stakeholders -There should be a surtax on short-term capital gains given the negative externality of the trading behavior incentivized. -To improve long-term management of corporations, workers must be given a say in corporate governance, specifically by including a representative of employees on the corporate board. -Those managing retirement accounts should be obligated to avoid all conflicts of interest and, especially in the case of worker pensions, ensure the corporations in which they invest act in a responsible way, with good corporate governance, an eye to long-term value, good labor policies, and sound environmental policies. Rebalance the tax and transfer system -The United States ranks among the least redistributive countries in the OECD. -Taxes can improve incentives, encourage socially desirable economic behavior, and discourage undesirable behavior like short-termism. -Over the past 35 years, changes to the tax code have prioritized tax cuts and subsidies focused on those at the top, placing a greater tax burden on the rest and causing neglect of critical public investments. Raise the top marginal rate -Lower marginal tax rates at the top distort the economy by actively encouraging rent seeking. -A 5 percent increase on the top 1 percent’s current income tax rate would raise between $1 trillion and $1.5 trillion of additional revenue over 10 years. -For an extra $50,000 taxed on every $1 million of a wealthy individual’s income, the United States could make all public college education free and fund universal pre-K. Enact a “fair tax” -The preferential treatment of capital gains and dividends - income received almost entirely by the richest Americans - is one of the most important reasons that those at the top pay less than ordinary taxpayers. -Most Americans earn negligible capital income outside already tax-sheltered retirement savings accounts or on home sales - for which a large exemption exists. -Capital gains tax breaks do not spur investment. They reward speculation as opposed to work. -The US should tax capital gains income at the same rate as labor income. -Short-term capital gains should be taxed at an even higher rate to discourage volatile short investments. -The provision for step-up in basis at death needs to be eliminated. This provision allows all of the capital gains earned during an individual’s life to escape taxation when the asset is bequeathed, meaning a small number of wealthy families pass on wealth free from capital gains tax in perpetuity. Encourage U.S. investment by taxing corporations on global income -The current tax code allows corporations to defer paying U.S. taxes on profits earned abroad until the profits are repatriated, which has the perverse effect of encouraging corporations to keep profits abroad as opposed to using the funds for U.S. investment. -One option is to replace the transfer price system with a formulaic approach that would tax firms on their global income in a fair and comprehensive way, apportioning those profits to the U.S. on the basis of the economic activity - including sales, production, and research - that occurs here. Enact pro-growth, pro-equality tax policies -We should tax things that have an inelastic supply, like land, oil, or other natural resources. -We should tax pollution (including carbon emissions), a move that can raise revenue while improving economic efficiency. -Eliminating agricultural subsidies and noncompetitive bidding processes for the sale or lease of government-owned natural resources or for the purchase of armaments or prescription drugs under public programs would improve efficiency and reduce inequality.
Growing the middle
Make full employment the goal -The Fed should emphasize full employment as the goal of monetary policy, and Congress should enact a large infrastructure investment to stimulate growth. Reform monetary policy to prioritize full employment -The Fed’s prioritization of price stability has caused labor markets to remain slack, kept wages growing slower than productivity, and has brought down workers’ share of economic output. -Contractionary monetary policy has much stronger unemployment effects for low-wage and often minority workers than for the highest earners. -The Fed should resist raising interest rates until wage growth makes up for the lost ground of the Great Recession, even if this means allowing inflation to temporarily overshoot the 2% target. -There is growing consensus that a higher inflation rate will lead to better economic performance, facilitating adjustments in our highly dynamic and ever-changing economy. Reinvigorate public investment -Critical public investments today lay the foundation for long-term economic performance and job growth. -Public investments in education, technology, and infrastructure are complements to private investment, raising returns and thus “crowding in” such investments. Invest in large-scale infrastructure renovation -America’s failure to keep up what infrastructure it has makes it more costly to do business and for people to go about their daily lives, and leads to more wasted time and more environmental degradation. -Public transit and broadband play a crucial role in connecting all Americans, regardless of income level, with the 21st century local and global job market. -Not only is infrastructure crumbling, it’s unevenly distributed, with distinct areas and communities segregated from the rest of society and without the opportunities that connecting affords. -A comprehensive plan would provide investments in air, rail, and road transportation; public transit; ports and inland waterways; water and energy; and telecommunications and the Internet. Some estimates put the cost of such a project on the order of $4 trillion - well beyond the small sums currently debated but within our means. The investment would yield dividends in the form of more productive businesses, millions of new jobs, and sustainable management of our energy and environmental resources. -Public infrastructure banks could be useful for financing large infrastructure projects. Expand access to public transportation -Decades of disinvestment in U.S. infrastructure have resulted in high commuting costs that fall disproportionately on low- and middle-income families and decrease access to jobs. -Only a little over half of Americans have access to public transit. -If more people have better access to jobs, productivity will increase and lives will improve.
Strengthen the right to bargain -The National Labor Relations Act is flawed. -One flaw in the statute has allowed employers to delay workers’ votes to unionize by litigating each step of the process. Recent rule changes issued by the National Labor Relations Board have attempted to rebalance some of the power, and they provide a positive example of how the statutes can be updated to reflect current challenges. -Stricter penalties are needed to deter illegal intimidation tactics by employers. -Companies seeking to prevent unionization can retaliate by firing workers; if an NLRA violation is found, the employer merely has to reinstate the worker and pay back wages. A ruling like this can take more than three years. -The legal framework should be amended to adapt to the changing nature of the workplace. Today, few employers resemble the large manufacturers the creators of the NLRA had in mind. Corporations like Walmart employ people through outsourcing and subcontracting, bearing little responsibility for the employment relationship. Legal scholars have envisioned new models for defining the employer-employee relationship that would establish clear lines of responsibility within the modern fissured workplace. Have government set the standards -State, local, and municipal governments should grant public contracts only to corporations that meet high labor standards and possess strong antidiscrimination/pro-inclusionary hiring practices. Increase funding for enforcement and raise penalties for violating labor standards -Charged with enforcing the minimum wage and overtime protections, the Wage and Hour Division of the Department of Labor has seen a third of its inspectors disappear since 1980, despite a doubling of the country’s workforce. -Congress should increase the agency’s budget to reflect growth in the labor market, the low-wage workforce in particular, and recent evidence of systemic wage theft. -Penalties for minimum wage and overtime infractions are insufficient to deter bad behavior. -Minimum wage and overtime violation convictions should pose an existential threat to businesses so managers and owners will think twice before engaging in such behavior. Raise the minimum wage -Raising the minimum wage is unlikely to hurt jobs, unless taken to an extreme. -Given the present weakness in aggregate demand, higher wages would stimulate the economy. -Raising the minimum wage could help reduce working poverty and particularly improve prospects for women, their families, and other disadvantaged groups that are disproportionately represented among minimum wage earners. -The minimum wage for tipped workers should be raised to the same floor that applies for all other workers. Raise the income threshold for mandatory overtime -The New Deal’s Fair Labor Standards Act requires that workers who work more than 40 hours a week get overtime pay, at a rate of 150 percent of their regularly hourly wage. However, the act exempts some employers, executives, administration, and traveling salespeople, among others. To provide a base level of coverage, the Department of Labor has periodically issued a rule that establishes an income threshold under which any employee must be paid for overtime. -The current threshold of $455 a week, or $23,660 a year, was last updated in 2004, and covers just 11 percent of the salaried workforce. In 1975, 65 percent of salaried workers were covered by overtime rules; if the 1975 threshold had kept pace with inflation, 47 percent of workers in 2013, rather than just 11 percent, would have received overtime. -The Department of Labor should raise the threshold to restore this pillar of middle class income, ensuring that the majority of salaried workers are covered.
Expand access to labor markets and opportunities for advancement
Reform the criminal justice system to reduce incarceration rates -The United States has the highest incarceration rate in the world. -In addition to incurring direct costs, mass incarceration reduces employment opportunities and wages, and increases dependency on public assistance for a large share of the population. -The total public cost of incarceration was more than $31,000 per inmate in 2010, according to a study by the Vera institute. -Those who have been locked up end up facing lower hourly wages, annual employment, and annual earnings. This burden falls disproportionately on men of color. -In 2008 the US economy lost the equivalent of 1.5 to 1.7 million workers, or roughly a 0.8 to 0.9 percentage-point reduction in the overall employment rate. -Congress should reduce the burden ex-felons face when searching for jobs by expunging certain records after a set amount of time. -Mandatory minimum sentencing particularly targets people of color. -African-Americans and Latinos accounted for 69.8 percent of mandatory minimum sentences in 2010; tackling this issue will effectively reduce part of the inequality inherent in the nation’s sentencing rules. -Congress should allow judges the ability to waive mandatory minimums. -The DoJ should focus on encouraging alternatives to incarceration. -Inaccessibility to quality attorneys results in disproportionately harsh sentencing for the poorest. According to a report from the Brennan Center of Justice, a concerted effort to reclassify nonjailable offenses, increase public defense funding, and improve effectiveness through regular attorney and social worker training would ensure more equitable access to representation. -Onerous fees at every level of the criminal justice system generate severe financial burdens for the poor and create further points of entry back into the incarceration system. Reform immigration law by providing a pathway to citizenship -More than 11 million undocumented immigrants live and work in the shadows of the U.S. economy, in every corner of the country and every sector of work. -The broken immigration system is costly to businesses, who face risks of an uncertain labor supply. -Exploitation of undocumented immigrants drives down wages and working conditions throughout the labor market. -The federal government must provide a pathway to citizenship for those already here and simplify the process by which new migrants can continue to come and contribute to America’s economic success. -We should cease the deportation and internment of all but violent criminals and to normalize the legal status of families working, learning, and serving in America. -We should better coordinate the efforts of different parts of government to enforce immigration laws in ways that don’t undermine the conditions for people working here. ICE should take a back seat to the Department of Labor to ensure that unscrupulous employers cannot easily threaten workers with the prospect of deportation by calling in worksite raids. -Congress should ensure that labor laws apply to everyone, regardless of their documentation status.
Expand economic security and opportunity
Invest in early childhood through child benefits, home visiting, and pre-K -The state run Maternal, Infant, and Early Childhood Home Visiting Program is one of the most effective investments of taxpayer dollars. -One proposal that should be considered is a universal child benefit, a monthly tax-free stipend paid to families with children under 18 to help offset part of the cost of raising kids. -The U.K. recently cut its child poverty rate by more than half through a package of anti-poverty measures, including a universal child benefit. -Congress could immediately expand funding to provide pre-K childcare subsidies to all currently eligible children, expanding access to 12 million children at a cost of $66.5 billion. Increase access to higher education through more public financing, restructuring student loans, and increasing scrutiny of for-profit schools -The G.I. Bill helped create the middle-class society that we had aspired to partly by providing free education to returning soldiers. -It’s not true that we can’t afford similar programs, we cannot afford not to ensure that all young Americans get the best education for which they are qualified so they can live up to their potential. -The government should look to follow the lead of Australia and adopt universal income-based repayment, in which repayment consists of a set percentage of future income. Students could then repay their student debts more easily - at much lower transactions costs - through withholding. -Removing bankruptcy protection for those with student loans, particularly in the 2005 policy change under the Bankruptcy Abuse Prevention and Consumer Protection Act, has done nothing to reduce bankruptcy filings resulting in costly defaults. It has extracted money from poor students that goes into the coffers of the banks. The government should restore those protections. -One way to improve outcomes for graduates is to increase scrutiny of for-profit schools, which receive a large share of government-funded loans or government-guaranteed loans while failing to provide students with a quality education. Eighty-seven percent of revenues at for-profits come from federal or state sources, including student loans and Pell grants. Though they teach around 10 percent of students, they account for about 25 percent of total Department of Education student aid program funds. Studies show that those at for-profit schools do poorly compared to those at community colleges. Completion rates are poor, as is success in getting a job. Make health care affordable and universal -The health care system is rife with the kinds of market failures that economists have studied extensively, including information asymmetries and imperfections in competition. -Hospitals, physician networks, and health care insurers increasingly operate in conditions approaching monopolies. -Patients largely have neither the medical expertise to perform the cost-benefit analyses necessary for making optimizing choices about the care they need, nor the access to price information for comparison shopping, leaving providers to determine both the demand and supply of health care. -Medicare, with its record of controlling costs and delivering better outcomes, should be opened to everyone. Competition from Medicare’s entry into the insurance exchange would lower premiums for everyone; one study found increased competition on exchanges could lower fees by an estimated 11 percent. Increase retirement security by reducing transactions costs and the exploitation of retirees, and expanding Social Security -More people in America will face retirement with inadequate savings, driving down their consumption and/or diverting it from others, or relying more heavily on social transfers. -Expanding the Social Security system to include a “public option” for additional annuity benefits would enhance competition, driving down costs and increasing services. -Research shows that the average 401(k) participant could lose up to a third of future savings in fees. Requiring fund managers to adhere to a fiduciary standard would be an important move in the right direction. -We could require that any pension or retirement account eligible for preferential tax treatment not have excessive transactions costs. Fees on any account could not exceed those on the best-performing indexed funds, unless there were demonstrably higher risk-adjusted returns. -We should remove the payroll cap that limits the amount of revenue Social Security raises to help make Social Security self-sustaining, budget-wise. Reform political inequality -Policies favored by the wealthy receive attention, while policy preferences of poor and middle-income Americans are ignored. -People with higher incomes vote more frequently than those with lower incomes and election campaign finance is dominated by a relatively small number of large donors who wield outsize influence. -Voting should be made easy: we should establish a federal system of universal voting that includes automatic voter registration, accepted throughout the country without the need to reregister and without burdensome voter identification requirements; the ability to vote by mail or early in-person on multiple days; the establishment of weekend Election Days or a national election holiday; and online voting when cyber-security concerns are met. -A constitutional amendment could go a long way toward allowing Congress greater leeway to reform campaign finance laws to increase political equality. -We could require shareholders to vote in support of any political contributions before they can be made. This post is almost as long as Reddit allows, so nice job reading all of this if you have. Now, what's all the disagreement about? How is Stiglitz wrong?
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