Tuesday, February 18, 2025

Subsidizing Unproductivity

Boston Bruins defenseman Charlie McAvoy is reportedly in a Boston hospital after sustaining an upper-body injury during a recent 4 Nations game. McAvoy was admitted to Massachusetts General Hospital, according to the Boston Globe.

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The previously unreported operations of the Department of Special Tasks have included sabotage and a plot to put incendiary devices on planes, Western intelligence officials say. The unit was set up in 2023 in response to Western support for Ukraine and includes veterans of some of Russia’s most recent clandestine operations, reports Bojan Pancevski. The group, known by its Russian acronym SSD, is believed to be behind a host of covert attacks on the West, including the attempted killing of the CEO of a German arms maker. --wsj

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Asteroid 2024 YR4 currently has a 2.3 percent chance of hitting Earth on 22 December, 2032, making it the biggest extra-terrestrial threat in more than two decades.
Scientists have calculated the impact risk corridor of the space rock stretches eastwards from the Pacific Ocean, over South America, the Atlantic Ocean, Africa, the Middle East, and into Asia.



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Bill Gates envisions a world where smartphones are supplanted by electronic tattoos. These temporary, electrically conductive tattoos would be applied directly to the skin, effectively turning our bodies into living, breathing communication devices.

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Subsidizing Unproductivity

Vance's speech in Europe raised some uncomfortable ideas. There are more.

An article in The Telegraph has raised questions about England's disability program.  

Expenditure on incapacity and disability benefits for people of working age has risen from £36bn four years ago to £48bn in 2023 to 2024. And the number of new claimants each year has doubled to nearly 500,000.

it’s not got much to do with growing levels of ill health. It’s much more likely because incapacity benefits are quite a lot higher than ordinary unemployment entitlements, and in some cases, rather better than working for a living.

Combine this difference with a medical profession that seems prepared to sign patients off as long-term sick at the drop of a hat and create an immediate incentive for worklessness, especially for those in dead-end, low-paid, physical work who are approaching retirement age.

Young people who have never worked also seem particularly prone to jump aboard the incapacity bandwagon.

What we seem to have, according to the Resolution Foundation analysis, is a country where growing numbers are signed off sick, with the effect being offset by a similar number of previously inactive people, due to childcare or other responsibilities, coming back into the workforce.

In any case, none of this is good for growth and is a long way from the welfare state originally envisaged by its founding fathers.

More, it raises questions about the basic values the West has assumed for years.

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