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listen-to-the-inner-walrus · 2 months

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every once in a while, i have an urge to sit down and write an entire essay about The Purge franchise, specifically through the frame of reactions from people who either have not watched the movies or watched them while pissing on the poor.

because oh my fucking god do those reactions send me into a violent tailspin of irrational anger.

"the purge doesn't make logistical sense"

okay so have you ever heard of fiction? the train in snowpiercer doesnt make logistical sense either. it doesnt have to because its a vehicle in which to tell a story.

"people wouldnt just commit violent crimes because its legal now."

no they wouldnt. do you know that the first movie takes place on the 6th purge? do you know that story about frogs and boiling water?

"no one would ever agree to this. politicians couldnt implement this."

yeah so the fourth movie - The First Purge - is actually a prequel that explains how and why it got implemented.

see as a result of a general economic crisis, a new political party called the NFFA (new founding fathers of america) came to power, and two years into their political term, they ran "an experiment" and that experiment was the purge. the first purge took place on staten island; residents were offered $5000 to participate which comprised staying on staten island and letting the government put a tracking chip in your arm. there was also the opportunity of making more money if they "participated further."

people didnt all agree with this. thats a whole ass thing in the movie and the protagonist literally leads protests against it. it is a controversial thing. the NFFA literally have a sociologist as the face of it, one who talks to news reporters and assures people she and the experiment are apolitical.

the experiment is also fucking rigged. the government really send in roves of neo-nazis to kill citizens as a way of showing how "successful" the experiment is. it was never an experiment.

"but why would people believe that the purge is a good policy?

have you ever heard of propaganda?

throughout the films, there are constant displays of the propaganda the NFFA use to keep the citizens believing in the purge.

the NFFA are constantly lying to the citizens about the actual truth about the country. they often talk about how the stock market is doing great as evidence of a stable economy. there are fake experts in white lab coats lying to you about the purge being a good idea.

these movies are not subtle. they tell you outright that the government is lying to the people.

jesus fucking christ, in the third movie, part of the plot is the fact that in response to corruption being revealed, people are turning against the purge and protesting. dante bishop is a goddamn anti-purge activist.

"crime rate year round wouldnt go down because of the purge, that doesnt make sense "

yeah no shit sherlock. thats literally a defining theme in the entireass franchise. the government is lying. they actually use the purge as population control because theyre fascists.

in the first movie, the NFFA claim the country is basically crime-free and that the unemployment rate is 1%. do you think james demonaco wrote that with the intention of you believing it to be true? have you considered that maybe you were meant to be like huh, thats suspicious?

the first movie is the least overtly political, but one of the defining themes is in regards to the performative nature of the purge and the way it is mythologised.

"all crime is legal. so what, can i commit tax fraud?"

the rules of the purge are made up of. the entire idea is performative. the NFFA are not beholden to these rules; if it benefits them (or if not doing so poses risk to them), they will arrest you for "crimes" you committed during the purge.

in the third movie, The Purge: Election Year, they change the rules because of the risk charlie roan poses to them. roan is a senator running for president on an explicitly anti-purge platform and there is a very good chance that she will win the election, so they revoke the immunity (its still illegal to murder them) granted to government officials during the purge because they plan to kill her.

the NFFA do not care what citizens do during the purge, as long as it is not threatening to them.

"how would they even know if you killed someone an hour after the purge ended?"

they wouldnt. they also wouldnt care.

see above.

"the purge is stupid. people arent inherently violent."

no. no theyre not. thats the fucking point of these films.

they are not subtle films. they come with a free portable toilet so you can watch them without pissing on the poor.

what did you think the plots of these movies were? if the movies were not directly engaging with the concept of the purge and what it actually means, what the fuck do you think the movies are about? do you think the movies are just 90 minutes of indiscriminate violence?

#kai rambles #long post #the purge #i uh #i got reminded of it again

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mariacallous · 2 months

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Liz Truss is the most disastrous and unpopular leader in modern British history. Mortgage holders and small businesses still loathe her for sending interest rates through the roof. Her short, catastrophic premiership is routinely compared unfavourably to the shelf life of a lettuce. (A comparison first made by the bright leader writers at the Economist to give credit where it is due.)

When Labour wins the next election, its triumph will be in part the result of the public’s reaction against her vast and dogmatic economic folly.

If you were Liz Truss, you might retire from public life. At the very least you would apologize and hang your head in shame.

If readers expect contrition, however, they have yet to learn that being on the radical right means never having to say you are sorry.

Truss’s demotion from national leader to national joke has not embarrassed her in the slightest but pushed deep into paranoid conspiracism.

Her autobiography, bizarrely titled Ten Years to Save the West, as if the fate of liberal democracy depended on the advice of an epic failure, shows that, despite all she did to this country, her eyes still shine with a bright, self-righteous fanaticism, as if the sockets are backlit by an idiot’s lantern,

Chutzpah used to be defined as murdering both your parents and asking the court for clemency because you are an orphan. In Truss’s case it is using the power of the prime minister to crash the economy and then claiming she was a powerless victim of the liberal elite.

Her writing is as lacking in self-awareness as it is powered by self-righteousness.

At one point she says in all innocence that, when Boris Johnson resigned in the summer of 2022, her agent encouraged her to join the race to be prime minister, as the campaign might be good for her profile.

But she reports that he then wisely added “it would be for the best if I came second”.

Later she informs us that during the leadership campaign she “frankly lost trust in many of my erstwhile ministerial colleagues who were supporting my opponent [Rishi Sunak].

“They had spent the last six weeks not just attacking me but seeking to undermine my plans, saying my agenda was unworkable."

Truss never stops to think that the few people who will finish this book will believe that her agent was right, and it would clearly have been for the best if she had never been prime minister.

Nor does she contemplate the possibility that her agenda was indeed “unworkable”, and was proved to be unworkable when her unfunded tax cuts and fuel subsidies sent the price of gilts shooting up, the value of the pound crashing down, and caused a crisis in the pension industry for good measure.

And yet, and yet…Mock her as much as you like. Please don’t hold back on my account. But you cannot dismiss her.

There are two reasons why Truss is still dangerous. The first lies in the strength of the right-wing clique that brought her to power.

It is true that Liz Truss did not become prime minister by winning over Conservative MPs. As with Jeremy Corbyn’s leadership of the Labour party, Truss’s career illustrates the danger of expecting leaders who do not have the support of a plurality of their colleagues to function in a Parliamentary democracy.

But she still beat Rishi Sunak with the votes of 57 percent of Tory members.

And with the honourable exception of the Times, the Tory press was all for her. “In Liz We Trust”, said the Express “Cometh the Hour, Cometh the Woman”, cried the Mail. “Liz Puts Her Foot on the Gas”, cheered the Sun.

Kwasi Kwarteng set off a market panic as he put Truss’s ideas into practice in the mini budget of September 2022. The reaction of right-wing papers was not one of alarm, however, but of adoration.

“At last”, gushed the Daily Mail, “a True Tory Budget”. A Daily Telegraph commentator said it was “the best Budget I have ever heard a British Chancellor deliver”.

Meanwhile the Truss premiership allowed the voodoo economics of the US-influenced (and in all probability US-financed) think tanks to finally impose itself on this luckless country. The Centre for Policy Studies welcomed the mini-budget saying it was “exactly what we would have hoped for”. The Taxpayers’ Alliance called it “the most taxpayer-friendly budget in recent memory”.

Robert Saunders of Queen Mary University made the unarguable point that Truss was not an aberration or some alien figure that had appeared from nowhere to take over the Conservative party.

Follow the money that cascaded in from party donors, he said, and “the Truss premiership begins to look less like the personal failure of a flawed individual, and more like a systemic disaster for which the party bears collective responsibility”.

Those forces will dominate the Conservative party after its defeat and drive it to the radical right. Indeed, in opposition the members, the think tanks, the press and the ideologue donors will become more important, for they will be all the party has.

In a sign of things to come, Truss is already allying with Nigel Farage, and even Rishi Sunak says he will not ban Farage from joining Conservative party.

Despite her failure, Truss remains a potent figure on the radical right because of her championing of revanchism, which is now its dominant emotion.

This isn't a book. It’s a 300-page wail of resentment at a world that will not do as it is told.

I have no problem with conservatives complaining about woke policies taking over institutions. Only a fool or liar maintains that progressive biases among supposedly impartial organisations are an invention of the right,

But the woke conspiracy Truss invokes is of a wholly different order. It is utterly fantastical.

To recap, Truss's unfunded subsidies and tax cuts panicked the bond markets. They would not lend to a country whose leaders lacked plausible means of meeting its debts. Or if they did lend they would demand an additional yield on government bonds, which became known in plain-speaking financial markets as the “moron premium”: the extra cost that comes with lending to a nation run by idiots.

In her apologia Truss, who still poses as a Thatcherite, no longer sees markets as an expression of the wisdom of crowds, but as a conspiracy to do her down.

“I came to realise there is no such thing as ‘the market’ in this sense. Rather, there are groups of influential individuals in the financial establishment, all of whom know and speak to one another in a closed feedback loop. The Treasury, the Bank of England, and the OBR are deeply embedded in these social networks and share the same beliefs in the established economic orthodoxy."

The markets were at fault for not seeing her financial genius. Financial traders were the world’s unlikeliest lefties. Even though she and Kwarteng fired the permanent secretary at the Treasury and cut out the Bank of England and Office for Budget Responsibility from policy making, they were still, somehow, responsible for Tory failure.

“The powerful vested interests there pushed back, made my life very difficult and ultimately got me fired,” Truss concludes.

Older readers may remember a time when Conservatives insisted on personal responsibility. You were not allowed to blame crime on poverty or your failings on a bad childhood. You were accountable.

But the case of Liz Truss proves that these morality tales were only ever for the poor. In her mind, the economy collapsed not because of decisions she made but because of “a sustained whispering campaign by the economic establishment, encouraged and fueled by my political opponents in the Conservative Party who refused to accept my mandate to lead”.

Trumpism is the end point of such conspiracism and revanchism, and Truss goes all the way down the line to the terminus.

She mutters about the “deep state” a Trumpian phrase she uses without irony or self-knowledge.

And even though her support for Ukraine was her redeeming feature during her time as foreign secretary and prime minister, she is now supporting the pro-Putin Trump and his allies in Congress who are denying aid to Kyiv.

Truss is finished. But the resentment born of failure and the fury at modernity ensures Trump is still very much with us.

If he delights Putin and wins in November, the UK and Europe will learn the hard way that the real threat to Western civilisation comes from Liz Truss and her friends.

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dontmeantobepoliticalbut · 1 month

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By Thom Hartmann

Back in 1967, a friend of mine and I hitchhiked from East Lansing, Michigan to San Francisco to spend the summer in Haight-Ashbury. One ride dropped us off in Sparks, Nevada, and within minutes of putting our thumbs out a city police car stopped and arrested us for vagrancy.

The cop, a young guy with an oversized mustache who was apologetic for the city’s policy, drove us to the desert a mile or so beyond the edge of town, where we hitchhiked standing by a distressing light-post covered with graffiti reading “39 hours without a ride,” “going on our third day,” and “anybody got any water?”

Vagrancy laws were so 20th century.

Today, the US Supreme Court heard a case involving efforts by the City of Grants Pass, Oregon to keep homeless people off its streets and out of its parks and other public property. The city had tried a number of things when the problem began to explode in the last year of the Trump administration, as The Oregonian newspaper notes:

“They discussed putting them in their old jail, creating an unwanted list, posting signs at the city border or driving people out of town... Currently, officers patrol the city nearly every day, Johnson said, handing out [$295] citations to people who are camping or sleeping on public property or for having too many belongings with them.”

The explosion in housing costs has triggered two crises: homelessness and inflation. The former is harming the livability of our cities and towns, and the Fed’s reaction to the latter threatens an incumbency-destroying recession just as we head into what will almost certainly be the most important election in American history.

The problem with housing inflation is so severe today that without it the nation’s overall core CPI inflation rate would be in the neighborhood of Fed Chairman Jerome Powell’s 2% goal.

Graphic based on BLM data and interpretation by The Financial Times

Both homelessness and today’s inflation are the result of America — unlike many other countries — allowing housing to become a commodity that can be traded and speculated in by financial markets and overseas investors.

Forty-three years into America’s Reaganomics experiment, homelessness has gone from a problem to a crisis. Rarely, though, do you hear that Wall Street — a prime beneficiary of Reagan’s deregulation campaign — is helping cause it.

32% seems to be the magic threshold, according to research funded by the real estate listing company Zillow. When neighborhoods hit rent rates in excess of 32% of neighborhood income, homelessness explodes.

And we’re seeing it play out right in front of us in cities across America because a handful of Wall Street billionaires want to make a killing.

It wasn’t always this way in America.

Housing prices have spun out of control since my dad bought his house in 1957 when I was six years old. He got a Veteran’s Administration-subsidized loan and picked up the brand-new 3-bedroom-1-bath ranch house my 3 brothers and I grew up in, in suburban south Lansing, Michigan. It cost him $13,000, which was about twice what he made every year working a good union job in a tool-and-die shop.

When my dad bought his home in the 1950s the median price of a single-family house was 2.2 times the median American family income. Today, the Fed says, the median house sells for $479,500 while the median American personal income is $41,000 — a ratio of more than ten-to-one between housing costs and annual income.

As the Zillow study notes:

“Across the country, the rent burden already exceeds the 32% [of median income] threshold in 100 of the 386 markets included in this analysis….”

And wherever housing prices become more than three times annual income, homelessness stalks like the grim reaper.

We’re told that America’s cities have seen this increase in housing costs since the 1950s in some part because of the growing wealth and population of this country. There were, after all, 168 million people in the US the year my dad bought his house; today there are 330 million.

And it’s true that we haven’t been building enough new housing, particularly low-income housing, as 43 years of neoliberal Reaganomics have driven down wages and income for working-class people relative to all of their expenses while stopping the construction of virtually any new subsidized low-income housing.

But that’s not the only, or even the main dynamic, driving housing prices into the stratosphere — and, as a consequence, the crisis in homelessness — over the past decade. You can thank speculation for much of that.

As the Zillow-funded study noted:

“This research demonstrates that the homeless population climbs faster when rent affordability — the share of income people spend on rent — crosses certain thresholds. In many areas beyond those thresholds, even modest rent increases can push thousands more Americans into homelessness.”

So how did we get here?

It started with a wave of foreign buyers over the past 30 years (particularly from China, Canada, Mexico, India and Colombia) who, in just the one single year of 2020, picked up over 154,000 homes as their way of parking money in America. Which is part of why there are over 20 times more empty houses in America than there are homeless people.

As Marketwatch noted in a 2015 article titled “The Danger of Foreign Buyers Gobbling Up American Homes”:

“Unusual high appreciation of the aforementioned urban centers is due to the ever growing influx of foreign buyers — mostly wealthy Chinese — who view American residential real estate as the safest investment commodity. … According to a National Realtors Association survey, the Chinese spent $22 billion on U.S. housing in 12 months through March 2014…. [Other foreign buyers primarily include] Canadians, British, Indians and Mexicans.”

But foreign investment has been down for the past few years; what’s taken over and is really driving home prices today are massive, multi-billion-dollar US-based funds that sweep into neighborhoods and buy everything available, bidding against families and driving up housing prices.

As noted in a Wall Street Journal article titled “Meet Your New Landlord: Wall Street,” in just one suburb (Spring Hill) of Nashville, “In all of Spring Hill, four firms … own nearly 700 houses … [which] amounts to about 5% of all the houses in town.”

This is the tiniest tip of the iceberg.

“On the first Tuesday of each month,” notes the Journal article about a similar phenomenon in Atlanta, investors “toted duffels stuffed with millions of dollars in cashier’s checks made out in various denominations so they wouldn’t have to interrupt their buying spree with trips to the bank…”

The same thing is happening in cities and suburbs all across America; the investment goliaths use finely-tuned computer algorithms to sniff out houses they can turn into rental properties, making over-market and unbeatable cash bids often within minutes of a house hitting the market.

After stripping neighborhoods of homes families can buy, they then begin raising rents as high as the market will bear.

In the Nashville suburb of Spring Hill, for example, the vice-mayor, Bruce Hull, told the Journal you used to be able to rent “a three bedroom, two bath house for $1,000 a month.” Today, the Journal notes:

“The average rent for 148 single-family homes in Spring Hill owned by the big four [Wall Street investor] landlords was about $1,773 a month…”

Ryan Dezember, in his book Underwater: How Our American Dream of Homeownership Became a Nightmare, describes the story of a family trying to buy a home in Phoenix. Every time they entered a bid, they were outbid instantly, the price rising over and over, until finally the family’s father threw in the towel.

“Jacobs was bewildered,” writes Dezember. “Who was this aggressive bidder?”

Turns out it was Blackstone Group, now the world’s largest real estate investor. At the time they were buying $150 million worth of American houses every week, trying to spend over $10 billion. And that’s just a drop in the overall bucket.

In 2018, corporations bought 1 out of every 10 homes sold in America, according to Dezember, noting that, “Between 2006 and 2016, when the homeownership rate fell to its lowest level in fifty years, the number of renters grew by about a quarter.”

This all really took off around a decade ago, when Morgan Stanley published a 2011 report titled “The Rentership Society,” arguing that — in the wake of the 2008 Bush Housing Crash — snapping up houses and renting them back to people who otherwise would have wanted to buy them could be the newest and hottest investment opportunity for Wall Street’s billionaires and their funds.

Turns out, Morgan Stanley was right. Warren Buffett, KKR, and The Carlyle Group have all jumped into residential real estate, along with hundreds of smaller investment groups, and the National Home Rental Council has emerged as the industry’s premier lobbying group, working to block rent control legislation and other efforts to regulate the industry.

As John Husing, the owner of Economics and Politics Inc., told The Tennessean newspaper:

“What you have are neighborhoods that are essentially unregulated apartment houses. It could be disastrous for the city.”

Meanwhile, as unionization levels here remain among the lowest in the developed world, Reagan’s ongoing war on working people continues to wipe out America’s families.

At the same time that housing prices, both to purchase and to rent, are being driven through the roof by foreign and Wall Street investors, a survey published by NPR, the Robert Wood Johnson Foundation, and the Harvard TH Chan School of Public Health found that American families are in crisis.

Their study found:

— “Thirty-eight percent (38%) of [all] households across the nation report facing serious financial problems in the previous few months.

— “There is a sharp income divide in serious financial problems, as 59% of those with annual incomes below $50,000 report facing serious financial problems in the past few months, compared with 18% of households with annual incomes of $50,000 or more.

— “These serious financial problems are cited despite 67% of households reporting that in the past few months, they have received financial assistance from the government.

— “Another significant problem for many U.S. households is losing their savings during the COVID-19 outbreak. Nineteen percent (19%) of U.S. households report losing all of their savings during the COVID-19 outbreak and not currently having any savings to fall back on.

— “At the time the Centers for Disease Control and Prevention’s (CDC) eviction ban expired, 27% of renters nationally reported serious problems paying their rent in the past few months.”

These are not separate issues, and they are driving an explosion in homelessness.

The Zillow study found similarly damning data:

— “Communities where people spend more than 32% of their income on rent can expect a more rapid increase in homelessness.

— “Income growth has not kept pace with rents, leading to an affordability crunch with cascading effects that, for people on the bottom economic rung, increases the risk of homelessness.

— “The areas that are most vulnerable to rising rents, unaffordability, and poverty hold 15% of the U.S. population — and 47% of people experiencing homelessness.”

The Zillow study makes grim reading and is worth checking out. In community after community, when rent prices exceeded 32% of median household income, homelessness exploded. It’s measurable, predictable, and is destroying what’s left of the American working class, particularly minorities.

The loss of affordable homes also locks otherwise middle-class families out of the traditional way wealth is accumulated — through homeownership: Over 61% of all American middle-income family wealth is their home’s equity. And as families are priced out of ownership and forced to rent, they become more vulnerable to long-term economic struggles and homelessness.

Housing is one of the primary essentials of life. Nobody in America should be without it, and for society to work, housing costs must track incomes in a way that makes housing both available and affordable. This requires government intervention in the so-called “free market.”

— Last year, Canada banned most foreign buyers from buying residential property as a way of controlling their housing inflation.

— New Zealand similarly passed its no-foreigners law (except for Singaporeans and Australians) in 2018.

— Thailand requires a minimum investment of $1.2 million and the equivalent of a green card.

— Greece bans most non-EU citizens from buying real estate in most of the country.

— To buy residential housing in Denmark, it must be your primary residence and you must have lived in the country for at least 5 years.

— Vietnam, Austria, Hungary, and Cyprus also heavily restrict who can buy residential property, where, and under what terms.

This isn’t rocket science; the problem could be easily fixed by Congress if there was a genuine willingness to protect our real estate market from the vultures who’ve been circling it for years.

Unfortunately, when Clarence Thomas was the deciding vote to allow billionaires and hedge funds to legally bribe members of Congress in Citizens United, he and his four fellow Republicans opened the floodgates to “contributions” and “gifts” from foreign and Wall Street interests to pay off legislators to ignore the problem.

Because there’s no lobbying group for the interests of average homeowners or the homeless, it’s up to us to raise hell with our elected officials. The number for the Congressional switchboard is 202-224-3121.

If ever there was a time to solve this problem — and regulate corporate and foreign investment in American single-family housing — it’s now.

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plethoraworldatlas · 7 months

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Far-right outsider Javier Milei wins Argentina’s presidency

Javier Milei has won Argentina’s presidential elections in provisional results, wrenching his country to the right with a bombastic anti-establishment campaign that drew comparisons to that of former US President Donald Trump – all against the backdrop of one of the world’s highest inflation rates.

His rival Sergio Massa conceded the run-off vote on Sunday evening in a brief speech even before official results were announced. “Milei is the president elected for the next 4 years,” said Massa, adding that he had already called Milei to congratulate him.

...

Milei’s victory marks an extraordinary rise for the former TV pundit, who entered the race as a political outsider on a promise to “break up with the status quo” – exemplified by Sergio Massa.

His campaign promise to dollarize Argentina, if enacted, is expected to thrust the country into new territory: no country of Argentina’s size has previously turned over the reins of its own monetary policy to Washington decisionmakers.

Milei, a social conservative with ties to the American right, opposes abortion rights and has called climate change a “lie of socialism.” He has promised to slash government spending by closing Argentina’s ministries of culture, education, and diversity, and by eliminating public subsidies.

“Make Argentina great again!” Trump posted on his platform Truth Social Sunday, in reaction to Milei’s win. “I am very proud of you,” he wrote.

Similarities to Trump have not gone unnoticed in the United States as it prepares for its own presidential elections. Milei succeeded in attracting attention at home not only because of his political style – including wielding chainsaws and raging outbursts – but also because of the novelty of his positions and eagerness to upset the status quo.

Echoing the Trumpian slogan, ‘Drain the swamp’, Milei’s supporters shout “¡¡Qué se vayan todos!!” which translates as “May they all leave!” – an expression of fury at politicians from both sides of the spectrum. Argentina’s left is currently in government, following rule by the right from 2015 to 2019.

Outside of his controversial plan for dollarization, Milei’s political program includes slashing regulations on gun control and transferring authority over the penitentiary system from civilians to the military; both measures part of a tough-on-crime approach. He proposes using public funds to support families who choose to educate their children privately and even privatizing the health sector, which in Argentina has always been in public hands.

Several outspoken comments landed Milei in hot water, without deterring his most ardent supporters. He triggered an uproar when it appeared Milei was in favor of opening a market for organ transplants, although he later retracted his declarations. He was similarly forced to apologize after calling Pope Francis, who is from Argentina and is seen as an icon of progressive politics in South America, “an envoy of Satan” in 2017.

#politics #argentina #election #javier milei

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samuelleachfx · 2 years

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my opinion of what’s happening with the Pfizer vaccine and market reaction. What a incredible day, and we totally called this on election night in our discussion with Stephen Innes in our previous post. Stating equities are the current play. Stimulus package discussion and vaccine results are what is moving the markets. Travel, Leisure and Energy getting that much needed relief rally.

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stock120 · 3 days

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Stock Market Performance on Result Day

Stock market performance on election result day often reflects the anticipation and reaction of investors. Let's delve into how the market has historically performed on these crucial days.

Historical Trends

Examining the past five years, the data reveals a pattern. Typically, the Sensex and Nifty indices experience initial volatility on the counting day.

· 2009: Positive return

· 2014: Positive return

· 2019: Positive return

Interestingly, the most significant returns were observed in 2009 and 2014. However, there were also instances of negative returns, particularly in 2004 and 2019, immediately after the results.

#stock market #startup #investing stocks #stock trading

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trendtracker360 · 4 days

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Analysts Defend Salesforce: AI Impact Overlooked

Despite a steep drop in Salesforce stock—plunging up to 21%—analysts retain a favorable outlook on the CRM software leader. The market reaction follows an unexpected first-quarter revenue shortfall, the first since 2006. Salesforce attributes the results to prolonged sales cycles that disrupted booking schedules. The anticipation of a weaker second-quarter further propelled the downturn. Major Wall Street institutions, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, cling to their support, emphasizing Generative AI’s untapped potential and necessitating investor patience.

Morgan Stanley’s Keith Weiss maintains an overweight rating on Salesforce, adjusting the price target from $350 to $320, indicating a still-present 18% increase. Weiss perceives GenAI as a Salesforce tailwind, likely beneficial in Calendar Year 2025, and cites operational efficiency gains from sales team realignments and simplified company structure. Goldman Sachs’ Kash Rangan echoes a positive sentiment, adjusts the target to $315 from $345, ascribes potential uplift to easing interest rates, reduced uncertainty post-elections, and GenAI’s growth impetus. Meanwhile, JPMorgan’s Mark Murphy considers the market reaction “overdone,” spotlighting Salesforce’s robust free cash flow and sustained forecast. Contrarily, Citigroup’s Tyler Radke airs caution, post-adjusting the price target down to $260, highlighting Salesforce’s “alarming” statistics and recommending a wait-and-see stance concerning Data Cloud/GenAI’s momentum.

Key Takeaways

Analysts maintain a positive outlook on Salesforce despite a steep stock drop.

The unexpected first-quarter revenue shortfall contributed to the Salesforce sell-off.

Prolonged sales cycles disrupted booking schedules, exacerbating market reaction.

Generative AI is considered a significant yet untapped potential for Salesforce.

Major Wall Street firms continue to endorse Salesforce, emphasizing future AI impact.

Morgan Stanley, Goldman Sachs, and JPMorgan adjust target prices but remain optimistic.

Citigroup advises caution with a conservative outlook on Salesforce’s AI momentum.

To Read More >>> Click Here Reference Links:

#news #gold #silver #trendtracker360 #tech news #technology #tech #technology news #ai #economy #artificial intelligence #AI #enterprise software #investment #Market sell off #market volatility #salesforce #tech industry #technology stocks

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knowledgekartupsc · 14 days

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India–Pakistan Relations Why There is No Peace

Relations between India and Pakistan have been complex and largely hostile due to a number of historical and political events. Relations between the two states have been defined by the violent partition of British India in 1947, the Kashmir conflict and the numerous military conflicts fought between the two nations. Consequently, their relationship has been plagued by hostility and suspicion. Northern India and Pakistan somewhat overlap in areas of certain demographics, shared lingua francas (mainly Punjabi and Hindustani) and shared cuisines inherited from the Mughal Empire.

After the dissolution of the British Raj in 1947, two new sovereign nations were formed — the Dominion of India and the Dominion of Pakistan. The subsequent partition of the former British India displaced up to 12.5 million people, with estimates of loss of life varying from several hundred thousand to 1 million. India emerged as a secular nation with a Hindu majority population and a large Muslim minority, while Pakistan emerged also as a secular nation with an overwhelming Muslim majority population; later becoming an Islamic republic although its constitution guarantees freedom of religion to people of all faiths.

Soon after their independence, India and Pakistan established diplomatic relations but the violent partition and numerous territorial claims would overshadow their relationship. Since their Independence, the two countries have fought three major wars, one undeclared war and have been involved in numerous armed skirmishes and military standoffs. The Kashmir conflict is the main centre-point of all of these conflicts with the exception of the Indo-Pakistan War of 1971 and Bangladesh Liberation War, which resulted in the secession of East Pakistan (now Bangladesh).

There have been numerous attempts to improve the relationship — notably, the Shimla summit, the Agra summit and the Lahore summit. Since the early 1980s, relations between the two nations soured particularly after the Siachen conflict, the intensification of Kashmir insurgency in 1989, Indian and Pakistani nuclear tests in 1998 and the 1999 Kargil war. Certain confidence-building measures — such as the 2003 ceasefire agreement and the Delhi–Lahore Bus service — were successful in de-escalating tensions. However, these efforts have been impeded by periodic terrorist attacks. The 2001 Indian Parliament attack almost brought the two nations to the brink of a nuclear war. The 2007 Samjhauta Express bombings, which killed 68 civilians (most of whom were Pakistani), was also a crucial point in relations. Additionally, the 2008 Mumbai attacks carried out by Pakistani militants resulted in a severe blow to the ongoing India-Pakistan peace talks.

After a brief thaw following the election of new governments in both nations, bilateral discussions again stalled after the 2016 Pathankot attack. In September 2016, a terrorist attack on an Indian military base in Indian-administered Kashmir, the deadliest such attack in years, killed 19 Indian Army soldiers. India’s claim that the attack had been orchestrated by a Pakistan-supported jihadist group was denied by Pakistan, which claimed the attack had been a local reaction to unrest in the region due to excessive force by Indian security personnel. The attack sparked a military confrontation across the Line of Control, with an escalation in ceasefire violations and further militant attacks on Indian security forces. As of December 2016, the ongoing confrontation and an increase in nationalist rhetoric on both sides has resulted in the collapse of bilateral relations, with little expectation they will recover.

Since the election of new governments in both India and Pakistan in the early 2010s, some steps have been taken to improve relations, in particular developing a consensus on the agreement of Non-Discriminatory Market Access on Reciprocal Basis (NDMARB) status for each other, which will liberalize trade. In November 2015, the new Indian Prime Minister, Narendra Modi and Pakistani Prime Minister Nawaz Sharif agreed to the resumption of bilateral talks; the following month, Prime Minister Modi made a brief, unscheduled visit to Pakistan while en route to India, becoming the first Indian Prime Minister to visit Pakistan since 2004. Despite those efforts, relations between the countries have remained frigid, following repeated acts of cross-border terrorism. According to a 2017 BBC World Service poll, only 5% of Indians view Pakistan’s influence positively, with 85% expressing a negative view, while 11% of Pakistanis view India’s influence positively, with 62% expressing a negative view.

Seeds of conflict during independence

About half a million Muslims and Hindus were killed in communal riots following the partition of British India. Millions of Muslims living in India and Hindus and Sikhs living in Pakistan emigrated in one of the most colossal transfers of population in the modern era. Both countries accused each other of not providing adequate security to the minorities emigrating through their territory. This served to increase tensions between the newly-born countries.

According to the British plan for the partition of British India, all the 680 princely states were allowed to decide which of the two countries to join. With the exception of a few, most of the Muslim-majority princely-states acceded to Pakistan while most of the Hindu-majority princely states joined India. However, the decisions of some of the princely-states would shape the Pakistan-India relationship considerably in the years to come.

Junagadh issue

Junagadh was a state on the south-western end of Gujarat, with the principalities of Manavadar, Mangrol and Babriawad. It was not contiguous to Pakistan and other states physically separated it from Pakistan. The state had an overwhelming Hindu population which constituted more than 80% of its citizens, while its ruler, Nawab Mahabat Khan, was a Muslim. Mahabat Khan acceded to Pakistan on 15 August 1947. Pakistan confirmed the acceptance of the accession on 15 September 1947.

India did not accept the accession as legitimate. The Indian point of view was that Junagadh was not contiguous to Pakistan, that the Hindu majority of Junagadh wanted it to be a part of India, and that the state was surrounded by Indian territory on three sides.

The Pakistani point of view was that since Junagadh had a ruler and governing body who chose to accede to Pakistan, it should be allowed to do so. Also, because Junagadh had a coastline, it could have maintained maritime links with Pakistan even as an enclave within India.

Neither of the states was able to resolve this issue amicably and it only added fuel to an already charged environment. Sardar Patel, India’s Home Minister, felt that if Junagadh was permitted to go to Pakistan, it would create communal unrest across Gujarat. The government of India gave Pakistan time to void the accession and hold a plebiscite in Junagadh to pre-empt any violence in Gujarat. Samaldas Gandhi formed a government-in-exile, the Arzi Hukumat (in Urdu: Arzi: Transitional, Hukumat: Government) of the people of Junagadh. Patel ordered the annexation of Junagadh’s three principalities.

India cut off supplies of fuel and coal to Junagadh, severed air and postal links, sent troops to the frontier, and occupied the principalities of Mangrol and Babariawad that had acceded to India. On 26 October, Nawab of Junagadh and his family fled to Pakistan following clashes with Indian troops. On 7 November, Junagadh’s court, facing collapse, invited the Government of India to take over the State’s administration. The Dewan of Junagadh, Sir Shah Nawaz Bhutto, the father of the more famous Zulfiqar Ali Bhutto, decided to invite the Government of India to intervene and wrote a letter to Mr. Buch, the Regional Commissioner of Saurashtra in the Government of India to this effect. The Government of Pakistan protested. The Government of India rejected the protests of Pakistan and accepted the invitation of the Dewan to intervene. Indian troops occupied Junagadh on 9 November 1947. In February 1948, a plebiscite held almost unanimously voted for accession to India.

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signode-blog · 20 days

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A Turning Point in India's Economic Landscape: How the Financial Markets Reacted to the 2014 Lok Sabha Election Results

The 2014 Lok Sabha elections in India marked a watershed moment in the country’s political and economic history. For the first time in 30 years, a single party, the Bharatiya Janata Party (BJP), secured a clear majority in the Indian Parliament, paving the way for Narendra Modi to become the Prime Minister. This political shift had profound implications for the Indian financial markets,…

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deshbandhu · 15 days

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Hindi News Highlights: Major Stories of the Day

In today's fast-paced world, staying updated with the latest news is crucial. For millions of Hindi-speaking individuals, catching up on the top stories is a daily ritual. This article brings you the major stories of the day, featuring the most prominent news headlines in Hindi. From political developments and economic updates to cultural events and sports achievements, these news headlines in Hindi provide a comprehensive overview of the current affairs that matter most.

Political Developments

Government Policies and Reforms

Today's news headlines in Hindi are abuzz with discussions on the latest government policies and reforms. The government has announced a series of initiatives aimed at boosting the economy and supporting small businesses. Key policy changes are expected to have a significant impact on the agricultural sector, with new subsidies and support schemes being introduced to benefit farmers. These developments are among the most talked-about news headlines in Hindi, reflecting the government's focus on economic growth and development.

Election Updates

Elections are always a hot topic, and today's news headlines in Hindi cover the latest updates from various states. With upcoming elections, political parties are ramping up their campaigns, making promises to woo voters. The news headlines in Hindi highlight key campaign strategies, candidate profiles, and public reactions. The political atmosphere is charged with rallies and speeches, making it one of the most engaging sections in the news headlines in Hindi.

Economic News

Stock Market Trends

The financial markets are a staple in the news headlines in Hindi. Today's updates include significant movements in the stock market, with major indices showing volatility. Investors are keenly watching these trends, and the news headlines in Hindi provide detailed analyses of market performance, expert opinions, and forecasts. Understanding these trends is crucial for investors and businesses alike, making this a vital part of the daily news headlines in Hindi.

Economic Growth Projections

Economic growth projections are another key focus in the news headlines in Hindi. Reports from leading financial institutions suggest that the economy is on a path to recovery, with positive indicators across various sectors. The news headlines in Hindi delve into these projections, offering insights into factors driving growth and potential challenges ahead. This information is essential for policymakers, businesses, and the general public to understand the economic landscape.

Cultural Events

Festivals and Celebrations

India is a land of festivals, and the news headlines in Hindi often feature stories about ongoing and upcoming celebrations. Today's highlights include preparations for major festivals, with communities gearing up for grand events. The news headlines in Hindi provide a glimpse into the cultural richness and diversity of the country, showcasing traditions, rituals, and festivities that bring people together.

Entertainment Industry Updates

The entertainment industry is always buzzing with activity, and today's news headlines in Hindi cover the latest from Bollywood and regional cinema. From movie releases and celebrity interviews to box office collections and award functions, the news headlines in Hindi keep fans updated with all the glitz and glamour. These stories are a major attraction for readers who follow the entertainment industry closely.

Sports Achievements

Cricket Highlights

Cricket continues to dominate the sports section of the news headlines in Hindi. Today's top stories include match results, player performances, and upcoming fixtures. The news headlines in Hindi provide in-depth coverage of domestic and international cricket, making it a must-read for cricket enthusiasts. Highlights of today's matches and expert analyses offer a comprehensive view of the sport's current scenario.

Other Sports News

While cricket is immensely popular, other sports also find a place in the news headlines in Hindi. Today's coverage includes updates from football, hockey, badminton, and more. Achievements of Indian athletes in international competitions are prominently featured, inspiring young sports enthusiasts across the country. The news headlines in Hindi celebrate these accomplishments, highlighting the dedication and hard work of athletes.

Health and Lifestyle

Health Alerts and Tips

Health-related news is an important part of the news headlines in Hindi. Today's stories include health alerts, expert advice, and tips for maintaining a healthy lifestyle. The ongoing focus on public health measures, especially in light of recent health crises, is covered extensively in the news headlines in Hindi. These updates are crucial for keeping the public informed and promoting a healthier society.

Lifestyle Trends

Lifestyle trends, including fashion, travel, and wellness, are also featured in the news headlines in Hindi. Today's highlights include the latest fashion trends, travel destinations, and wellness tips that cater to a broad audience. The news headlines in Hindi offer readers practical advice and inspiration for improving their daily lives.

Conclusion Staying informed with the latest news headlines in Hindi is essential for understanding the world around us. Today's major stories span a wide range of topics, including political developments, economic news, cultural events, sports achievements, and health updates. By providing comprehensive coverage of these areas, the news headlines in Hindi ensure that readers are well-equipped with the knowledge they need to stay updated and make informed decisions.

#news headlines in hindi

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pranjalibhatt · 20 days

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Dive into the intricacies of the 2019 Lok Sabha elections and how the Indian stock market responded, offering a glimpse into potential market behavior in the upcoming 2024 elections.

In a surprising turn, despite early indications of uncertainty, the market remained stable during the initial phases of the 2019 elections. Even as the Bharatiya Janata Party (BJP) initially trailed, the market exhibited resilience, hinting at anticipation of a BJP victory.

As the election progressed and the BJP gained momentum over the Indian National Congress (INC), the market displayed a measured response, indicating it had already factored in the BJP's dominance.

Examining the Role of Exit Polls and Sentiment: Exit polls played a pivotal role in shaping market sentiment during the 2019 elections. Initially buoyed by optimistic forecasts favoring the BJP, the market saw a downturn when actual results defied these predictions. This underscores the significance of understanding market sentiment and its influence on investment decisions.

Preparing for 2024: Strategies for Investors:

Brace for Volatility: Anticipate fluctuations in the market as political landscapes evolve. Employ robust risk management strategies to navigate volatility effectively. Emphasize Long-Term Trends: While short-term fluctuations may be election-driven, prioritize inv estments aligned with enduring industry fundamentals and government policies. Diversify Your Portfolio: Spread investments across sectors and asset classes to mitigate risks associated with election-induced market swings. Stay Informed and Agile: Remain vigilant to political developments and market reactions. Adapt investment strategies accordingly, while avoiding impulsive decisions driven solely by short-term trends. Conclusion: The 2019 Lok Sabha elections offer invaluable insights into navigating the intersection of politics and markets. By comprehending past market behavior and its underlying drivers, investors can equip themselves to navigate the uncertainties and seize opportunities presented by the 2024 elections. Remember, maintaining a disciplined, long-term approach is paramount in navigating the complexities of market dynamics during electoral cycles.

#elections #bjpnews #finance #investment

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navia01 · 1 month

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Understanding Stock Market Behavior During National Elections: A Historical Perspective

As national elections approach, anticipation builds not only in the political realm but also within global financial markets. The potential for policy changes, shifts in governance, and sweeping economic reforms significantly impacts investor sentiment, often leading to periods of market volatility and uncertainty. This blog post delves into the historical behavior of stock markets during national election periods across various countries, with a focused perspective on India. By presenting historical data, we aim to provide our readers with factual information to explore and derive their own insights, without drawing definitive conclusions.

The United States: Presidential Election Cycles and Market Trends In the United States, the Presidential Election Cycle Theory has intrigued investors, suggesting a pattern where markets tend to perform better in the latter half of a president’s term. However, this pattern does not consistently hold true across all cycles, highlighting the complexity of correlating political events directly with stock market performance.

The European Context: Elections and Market Responses Major European economies such as Germany, France, and the United Kingdom exhibit heightened market sensitivity during national elections. The outcomes of these elections can influence not only domestic markets but also have broader implications across the Eurozone. Generally, pro-EU parties contribute to market stability through their continued integration efforts.

Emerging Markets: Political Changes and Economic Policies Emerging markets, known for their dynamic economies, present a diverse picture. Elections that result in a government committed to reform and market-friendly policies often elicit positive market reactions. Conversely, uncertainty surrounding elections can lead to market volatility. The immediate impact of elections on market sentiment and performance in countries like India, Brazil, and South Africa emphasizes the significant influence of political transitions on economic policy direction.

The Indian Perspective: Elections and Economic Outlook In India, national elections hold substantial sway over economic sentiment, particularly within the realm of stock market dynamics. The outcomes of these elections often shape investor perceptions and confidence, leading to noticeable fluctuations in market behavior.

A prime example of this influence can be seen in the aftermath of the 2014 and 2019 general elections. The decisive victories of the Bharatiya Janata Party (BJP) in both instances sparked economic optimism among investors. The expectation of a stable government, along with prospects of pro-business policies and economic reforms, fueled a significant surge in the stock market.

Similarly, the lead-up to the 2019 Lok Sabha elections was marked by heightened market volatility as investors evaluated potential outcomes. However, once a clear mandate emerged in favor of the ruling party, the market responded with renewed optimism. The continuity in economic policies and reform initiatives supported by the election results contributed to substantial gains in market indices post-election.

Conversely, unexpected or inconclusive election results can trigger market volatility and uncertainty. Instances such as the 2004 Lok Sabha elections demonstrate the impact of political uncertainty on investor sentiment, leading to market downturns as stakeholders navigate the implications for future economic policies.

In essence, India's electoral landscape serves as a crucial determinant of economic sentiment, exerting a profound influence on stock market dynamics. The clarity and direction provided by electoral outcomes play a pivotal role in shaping investor confidence and market trends, highlighting the intricate interplay between politics and economics in India’s financial ecosystem.

Historical Trends and Market Reactions Significant electoral events, such as the BJP's 2014 victory, have led to bullish market sentiment, reflecting optimism for pro-business policies and economic reforms. Conversely, unexpected outcomes or political uncertainty, as seen in the 2004 elections, have resulted in market volatility as investors navigate the implications for future economic policies.

Economic Reforms and Investor Confidence India's experience further illustrates the significance of economic reforms and policy clarity in shaping market sentiment. Elections that pave the way for reform-oriented governments can stimulate investor optimism and confidence, contributing to bullish market trends.

Conclusion The relationship between national elections and stock market performance is multifaceted, influenced by factors such as anticipated economic policies, political stability, and global economic conditions. While historical patterns offer insights into past market reactions, they serve more as reflections of the complex dynamics at play rather than predictive tools. For investors and market participants, understanding these nuances can enhance their strategic approach to navigating market volatility during election periods.

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ltpcalculator · 1 month

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What will the best of investing after election?

Predicting the "best" investments after an election can be tricky because it depends on various factors such as the outcome of the election, economic policies proposed by the new government, market sentiment, and global economic conditions. However, here are some general strategies investors might consider:

Diversification: Regardless of the election outcome, diversifying your investment portfolio across different asset classes (stocks, bonds, real estate, etc.) can help mitigate risk.

Stay Informed: Keep yourself updated on the election results and how they might impact different sectors of the economy. For example, certain industries might benefit from policies proposed by the winning party.

Long-Term Perspective: Instead of making knee-jerk reactions to short-term market movements, focus on your long-term investment goals. Economic and market fluctuations are common, but over the long run, well-diversified portfolios tend to perform better.

Consider Defensive Stocks: In uncertain times, investors often flock to defensive sectors such as utilities, consumer staples, and healthcare, which tend to be less sensitive to economic cycles.

Infrastructure Investments: If the winning party has proposed significant infrastructure spending, investments in companies related to construction, materials, and infrastructure development could see growth.

Tech and Innovation: Regardless of the election outcome, technology and innovation are likely to remain key drivers of economic growth. Companies involved in areas such as artificial intelligence, renewable energy, and biotechnology could present long-term investment opportunities.

Monitor Interest Rates and Inflation: Changes in interest rates and inflation can significantly affect various asset classes. Keep an eye on central bank policies and economic indicators to gauge potential impacts on your investments.

Ultimately, the best investment strategy will depend on your individual financial situation, risk tolerance, and investment objectives. Consulting with a financial advisor who understands your goals can help you navigate the post-election investment landscape effectively.

LTP Calculator Overview

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Vinay Prakash Tiwari - The Visionary Founder:

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Professional Background:

Vinay Prakash Tiwari brings a wealth of experience to the table, having traversed the intricacies of the stock market for several decades. His journey as a stock market trainer has equipped him with insights into the challenges faced by traders, inspiring him to develop tools like LTP Calculator.

Philosophy and Approach:

Tiwari's approach to stock market training revolves around education, empowerment, and simplifying complexities. LTP Calculator reflects this philosophy, offering a tool that aligns with his vision of making stock market information accessible and understandable for all.

Educational Initiatives:

Apart from his contributions as a tool developer, Vinay Prakash Tiwari has actively engaged in educational initiatives. Through online courses, webinars, and seminars, he has shared his knowledge with aspiring traders, reinforcing his commitment to fostering financial literacy.

In conclusion, LTP Calculator stands as a testament to Vinay Prakash Tiwari's dedication to enhancing the trading experience. As the financial landscape continues to evolve, tools like LTP Calculator and visionaries like Tiwari sir play a pivotal role in shaping a more informed and empowered community of traders.

#ltp calculator #ltp #calculator

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