Hubungan Antara Teknologi dan Guru Bahasa Inggris

Teknologi memiliki dampak besar pada pendidikan dan cara kita belajar, dan sektor pembelajaran bahasa Inggris tidak terkecuali. Pembelajaran teknologi dan bahasa memiliki sejarah panjang. Jika kita kembali ke tahun 1980-an, ledakan dalam komputasi rumah mulai mengubah cara kita belajar. Baru-baru ini munculnya internet dan pengenalan papan tulis interaktif juga memiliki efek dramatis pada ruang kelas. Contoh seperti, di Cambridge Assessment...

COVID-19: Winners and Losers

By James Kwak I think it’s highly likely that the dust will clear eventually and that our economy will come back to life at some point in the next two or three years. I know there are certain disaster scenarios that can’t be ruled out, but I think they are unlikely. I’m not going to guess when things will return to a semblance of normal. Really, no one knows. Photo by Free-Photos from PixabayThe question for now is: what will that economy look...

Tip of the iceberg – the US labour market catastrophe now playing out

On April 3, 2020, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2020 – which shows a deteriorating labour market situation due to the coronavirus crisis. However, as I explain below, the data released was drawn from samples that went up to March 12 (establishment survey) and March 14 (household survey), and so doesn’t fully capture the extent of the unfolding...

IPA’s weekly links

Guest post by Jeff Mosenkis of Innovations for Poverty Action Remember to fill out your U.S. Census form if you got a mailing! Of course accurate counts are important for apportioning leadership and federal resources, but more importantly (as someone else pointed out) so that researchers 80 years from now looking at historical trends won’t pull out their hair in frustration of the lost 2020 census data the same way ones today do about the 1890...

Pragmatic Thinking on COVID-19 – The Podcast

I joined Taylor Schulte from Define Financial to discuss the potential impact of COVID-19. We covered: The recent research paper I published. Two potential scenarios for COVID-19. Why this recession is more like a natural disaster than a standard business cycle recession. The temporal dislocation between the economy and financial markets that makes this environment difficult to navigate. What makes the government unique in times of crisis and...

Remdesivir and Transfer Pricing III

Robert Waldmann posted his Remdesivir III: I do not understand the need for “evidence-based medicine” or rather I do not understand how the phrase is used by doctors. There is no evidence that Covid 19 patients (without heart disease) do better without Chloroquine. I learn that “evidence based medicine” does not imply choosing the therapy that a fair balance of evidence suggests is best for the patient. Pharmaceuticals are presumed guilty...

Europe begins coronavirus backside response planning

MarketsAs I write this, futures for the US market show another 3% rally in the offing at today's open. This follows a 7% move yesterday and belies the pain in the real economy. And so, increasingly, I am seeing comments from market watchers asking how we reconcile the disconnect between markets and...

The scent of flowers

A few days ago, the vicar of my church helpfully sent me a booklet of daily meditations for Holy Week and a palm cross. Inevitably, coronavirus is a theme, and it seems appropriate: after all, the virus is so named because it resembles a "crown of thorns".  The meditation for Palm Sunday highlights Pilate's symbolic washing of his hands, absolving himself of any responsibility for the death of another, and asks how we feel about our...

YOU GUYS CHECK OUT THE HOVERTEXT ON THE SITE… Also, more…

[unable to retrieve full-text content]YOU GUYS CHECK OUT THE HOVERTEXT ON THE SITE… Also, more commentary here.

Britain in the Boris Era

I’m writing this months after the December 2019 General Election. In part, this is due to me being preoccupied with other matters. For instance, on the day of the General Election I was in hospital having surgery on my jaw. But it was also useful to get a bit of distance between then and now in terms of being able to process the events of the General Election. It was a resounding and stonking victory for Boris Johnson. The night of the 13th of...

Environmental law after a year of catastrophe

The government is undertaking a review of one of our central pieces of environmental law, the Environmental Protection and Biodiversity Protection Act. They have a facility for quick comments of up to 300 words, as well as traditional submission (thanks to the Australian Conservation Foundation for the link). Here’s my 300 words The catastrophes that have afflicted Australia and the rest of the world over the last year, including coral...

Neoclassical economics and the severity of the coronavirus crisis.

Neoclassical economics and the severity of the coronavirus crisis. This training in economics makes politicians and bureaucrats incapable of understanding a crisis like this. They are, however, very susceptible to the advice of economists. They therefore enacted policies that reduced our capacity to cope with a pandemic, crafted systems of production and distribution that drastically amplified its damaging impact when it did...

NPR, cov-19 and “America is strapped”.

NPR, cov-19 and "America is strapped". | Michael Hudson Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. If you are a WordPress user with administrative privileges on this site please enter your email in the box below and click...

Zero Hedge — “The Fed Can Lend To Anybody”: Watch Live As Bernanke Holds Virtual Discussion On US Economy

"The Fed can essentially lend to anybody" based on its emergency powers. Zero Hedge"The Fed Can Lend To Anybody": Watch Live As Bernanke Holds Virtual Discussion On US Economy Tyler DurdenSee alsoZero HedgeIn "Unprecedented" Move To Ease Conditions, ECB Cuts Collateral Haircuts By 20%, Will Accept Greek Debt As CollateralTyler Durden

Weekly jobless claims, Virus charts

Big spike up: New daily global confirmed cases growing: US cases growing rapidly and soon to surpass Italy and China to take the lead globally:

What MMT Is, and Why We Should Not Wait for the Next Crisis to Live Up to Our Means

L. Randall Wray | April 4, 2020 by Yeva Nersisyan and L. Randall Wray As MMT has been thrust into the spotlight, misrepresentations and misunderstanding have followed. MMT supposedly calls for cranking up the printing press, engaging in helicopter drops of cash or having the Fed finance government spending by engaging in Quantitative Easing. None of this is MMT. Instead, MMT provides an analysis of fiscal and monetary policy...

World War II, not the New Deal, is the model for COVID-19 macroeconomic policies

Central planning (Socialism?) in democratic societies There is a lot being written on the causes and cures for the economic consequences of the Coronavirus (COVID-19). The predictable distinction is among those that think that this is essentially a demand shock, mostly to services, and those that are concerned with the disruption to supply chains. And to some extent both are correct. But that is not the more relevant problem here, which is...

Manhattan Project to prevent Hyper-Inflation

By J.D. ALT It’s ironic that, at this moment, when the truthfulness and utility of modern money theory (MMT) is being publicly realized—(and even potentially implemented!)—that its singular vulnerability must emerge as a real concern: hyper-inflation. The most recent thing I’ve written—Paying Ourselves to Save the Planet­­—addresses the issue of hyper-inflation as follows: “Hyper-inflation” is a rate of inflation that happens so rapidly...

404 error – page not found

Sorry – page not found We couldn't find the page you were looking for. Try the search page Or let us know if there's a broken link.

Introductory Macroeconomics with a Job Guarantee

In some earlier posts, a job guarantee is added to an otherwise condensed income-expenditure model. This enables comparisons of steady states under different scenarios akin to the typical exercises conducted in introductory macroeconomics courses. What follows is a summary of the model, bringing together aspects that are dealt with in greater depth – but disparately – elsewhere on the blog, along with brief indications of how the model can be...

New Review of My Book

A nice review of my book by Marc Morgan has appeared in American Affairs. Morgan works with Thomas Piketty at the World Inequality Lab at the Paris School of Economics. He is doing interesting work on profit accounting and determination. I would also note that Morgan attended the same secondary school (high school) as me in Dublin. Apparently, Christian Brothers College, Monkstown — although not a very prominent school in any meaningful sense...

A Market Algorithm

Figure 1: Specification of a Market Algorithm1.0 Introduction This article is heavily based on Bidard (2004). An approach to the analysis of the choice of technique, in keeping with construction of the outer envelope of wage curves, is to consider replacing processes, more or less, one at a time. This post presents this approach as following an algorithm. Assume that a set of techniques exist where all techniques are at least viable,...

Dealing with the health crisis: rationing and price controls

Nature of the Health Crisis The current health crisis has similarities to the Great Recession of 2008-2009, though fundamentally different.  The crisis ten years ago resulted from collapse of financial institutions, a purely human-made disaster whose solution should have been obvious.  The financial collapse provoked a severe contraction in aggregate demand in household spending and business investment.  The demand contraction led to...

Ten things to know about CMHC’s Insured Mortgage Purchase Program

In March 2020, the Trudeau government launched a new version of the Insured Mortgage Purchase Program (IMPP). According to CMHC’s website: “Under this program, the government will purchase up to $50 billion of insured mortgage pools through CMHC.” Here are 10 things to know: 1. Canada Mortgage and Housing Corporation (CMHC) is a federally-owned crown corporation. Many of us know CMHC as the federal agency that works with provincial and...

Unattached images

The Monetarist Fantasy Is Over

Feb 17, 2020 ROBERT SKIDELSKYUK Prime Minister Boris Johnson, determined to overcome Treasury resistance to his vast spending ambitions, has ousted Chancellor of the Exchequer Sajid Javid. But Johnson’s latest coup also is indicative of a global shift from monetary to fiscal policy.LONDON – The forced resignation of the United Kingdom’s Chancellor of the Exchequer, Sajid Javid, is the latest sign that macroeconomic policy is being upended, and...

A Market Algorithm

Figure 1: Specification of a Market Algorithm1.0 Introduction This article is heavily based on Bidard (2004). An approach to the analysis of the choice of technique, in keeping with construction of the outer envelope of wage curves, is to consider replacing processes, more or less, one at a time. This post presents this approach as following an algorithm. Assume that a set of techniques exist where all techniques are at least viable,...

What MMT Is, and Why We Should Not Wait for the Next Crisis to Live Up to Our Means

L. Randall Wray | April 4, 2020 by Yeva Nersisyan and L. Randall Wray As MMT has been thrust into the spotlight, misrepresentations and misunderstanding have followed. MMT supposedly calls for cranking up the printing press, engaging in helicopter drops of cash or having the Fed finance government spending by engaging in Quantitative Easing. None of this is MMT. Instead, MMT provides an analysis of fiscal and monetary policy...

Una lezione sulla crisi

Lezione registrata il 1 aprile 2020 nell'ambito del corso del prof. (e amico) Paolo Pini a Ferrara (Paolo adotta le Sei lezioni come libro di testo) https://drive.google.com/file/d/1Pv29QoA83fnnvy1sE6Hr_O-LDE5X_l41/view

Academic Agent on Excess Capacity

The libertarian “Academic Agent” examines the concept of excess capacity here:[embedded content]First, Academic Agent is utterly wrong to claim that Austrian theory is only looking at the “price of a good across a whole economy,” and that my analysis of how real-world individual firms behave is somehow irrelevant to Austrian theory.Austrian economics has a “Theory of the Firm,” just like Neoclassical economics, and Austrian theory says the...

‘A pandemia de coronavírus e a crise econômica e da saúde’, por Stavros D. Mavroudeas

Following is the Portuguese translation of the article on the economic and health crisis that has been made by the Laboratory of Interdisciplinary Studies of the Law Faculty of the State University of Rio de Janeiro Laboratório de Estudos Interdisciplinares Crítica e Capitalismo, vinculado à Faculdade de Direito e ao Programa de Pós-Graduação em Direito da Universidade do Estado do Rio de Janeiro (UERJ)...

‘A pandemia de coronavírus e a crise econômica e da saúde’, por Stavros D. Mavroudeas

Following is the Portuguese translation of the article on the economic and health crisis that has been made by the Laboratory of Interdisciplinary Studies of the Law Faculty of the State University of Rio de Janeiro Laboratório de Estudos Interdisciplinares Crítica e Capitalismo, vinculado à Faculdade de Direito e ao Programa de Pós-Graduação em Direito da Universidade do Estado do Rio de Janeiro (UERJ)...

Trump’s blame-avoidance is politically shrewd

Trump’s handling of the Covid-19 pandemic is predictably chaotic, vengeful, irresponsible, and impulsive.  His actions have worsened the epidemic, they have led to unnecessary deaths and to a very painful economic lockdown.  Coming in the year before he is up for re-election, this seems self-defeating:  if Trump could re-run history I have little doubt he would take aggressive action to nip the epidemic in the bud.  That said, the political...

Obamacare With a Public Option: Fool Me Twice Shame on Me

There is an old saying “Fool me once shame on you, fool me twice shame on me.” That saying is relevant for the current healthcare debate in which former Vice-President Biden and elite Democrats are touting a reheated version of Obamacare with a public option. It is a case of trying to fool the American ...

Sanders to the aid of democracy in the United States

Let it be said at once: the treatment received by Bernie Sanders in the leading media in the United States and in Europe is unjust and dangerous. Everywhere on the main networks and the large daily papers we read that Sanders is an ‘extremist’ and that only a ‘centrist’ candidate like Biden could triumph over Trump. This biased and somewhat unscrupulous treatment is particularly regrettable when a closer examination of the facts actually...

Is Financial Times Socialist Now?

Few days ago, “The Editorial Board” of Financial Times published an article calling for “radical reforms”.The article says:Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure....

Tonight, with Brian Eno on DiEM-TV, to discuss SOCIETY AFTER COVID-19

DiEM TV welcomes you tonight  to the latest instalment intended to offer escape and hope in this time of confinement and frustration. Our pandemic had three effects on our political reality: It has magnified the never-ending crisis that began in 2008. It has proved that the government must and can act massively in the common interest. And tt has temporarily revealed the true nature of politics – which is the question of WHO has the POWER to DO...