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Fossil fuel executives are war profiteers



Weber and Wasner tell a different story, drawing on economist Abba Lerner’s concept of “seller-driven inflation.” Some initial shock—say, a war or supply chain problems—gives companies an excuse to raise prices. Competitors are doing the same, not wanting to be left behind in a world where consumers are willing to pay more. This is amplified through supply chains as inputs for production also become more expensive. The final stage, they argue, is conflict: when workers, fed up with the ever-increasing cost of living, try to protect their purchasing power by demanding higher wages. Unlike the usual story of inflation, where inflation is caused by the increased bargaining power of workers, Weber and Wasner (among others) describe it as a consequence. Instead of trying to keep workers from raising interest rates, they argue that price controls in key sectors – a tool once more used by economic policy makers and long demonized by leading economists – can help uncover the root causes of inflation. not its symptoms. .

Not only leftist economists agree with this. Albert Edwards, strategist at French bank Société Générale, warned recently that “greed” (profits continue to rise even as costs fall) could “ignite social unrest” and even set the stage for “the end of capitalism.” He referred directly to the paper by Weber and Wasner, noting that price control policies could “become the favored method” of fighting inflation.

Although Darren Woods is extraordinarily rich, he is not extraordinarily evil. He and his peers don’t wake up every morning planning how to make people poorer and destroy the planet. But that’s also no reason to leave the production, distribution, and pricing of something as important as energy entirely in their hands. As Weber and Wasner point out, current inflation may be “temporary”—it low tide— but the climate crisis promises new upheavals in the real world, whether it be hurricanes knocking out key infrastructure or causing drafts. shipping channels dry up. Ordinary “inflationary cycles” can become horrendous: as climate-induced shocks give oil and gas executives a reason to demand more from consumers and governments, the emissions they generate around the world threaten to cause even more climate shocks and inflation.

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This brunch might be illegal



One of the first laws passed by the Tennessee General Assembly this year regulates drag shows by criminalizing “cabaret adult entertainment” that is performed in public or in front of minors. Conservatives who support the law say the performances expose minors to unacceptable sexual topics, a claim that proponents reject. Republican Senator Jack Johnson, who sponsored the Tennessee law, said the law was intended to “ensure that children are not present at sexually explicit performances.”

In response, Memphis-based theater company Friends of George’s filed a federal lawsuit alleging that the law violated First Amendment rights. A federal judge agreed that the law was “vague and overbroad”, which temporarily blocked it from going into effect. Tennessee law requires drag performers to “eat the notorious mushroom to see if it’s poisonous,” U.S. District Judge Thomas Parker wrote in a ruling issued March 31, the day before the law was due to go into effect.

For now, drag performances may avoid scrutiny by the law due to the extension of the order. Once this extension expires May 26, however, first offenders are at risk of misdemeanor, and any subsequent offenses will be considered a felony. While the law does not explicitly ban drag shows, its broad language could endanger performers such as DuBalle.

And yet there is some irony in how a law trying to abolish drag and drop has brought art to the forefront, DuBal said. While the law itself has yet to fill the hall – Atomic Rose already has brunch-only standing room – according to general manager Charlie Barnett, the number of young patrons has tripled every Sunday.

The audience flocked to the drag queens, eager to tip before the show actually started.

“This is what the world needs most,” said Jennifer Iverson, explaining why she brought her young daughter to the Sunday show. “Everyone is so nice and the people are so friendly and I don’t see anything wrong with it in any way, shape or form.”

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GOP Pretenders Hit Battlefield States and NRA Convention



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Many Republican presidential candidates from the Republican Party have hit the road: Gov. Ron DeSantis has spoken in Ohio, Virginia, and New Hampshire, while former President Trump and other top contenders attended the NRA convention. Vaughn Hilliard of NBC reports on the organization’s annual meeting.

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Feinstein’s absence highlights splits in Democratic Party



NPR’s Juana Summers talks to Politico White House Correspondent Christopher Cadelago from Sacramento about the reaction to the absence of California Senator Dianne Feinstein in Washington.

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