Politics › Re: President Buhari Assents To The Bill Amending The Deep Offshore Act by budaatum: 8:22pm On Nov 04, 2019 |
bixton: I think this amendment is an ambitious one. That act you're talking about is not part of the purported amendment. For those who know and have been following certain events, that act already exists but there's no follow up from the government or probably its one of those half truths we like telling the populace. If you don't know certain states took the FG to court concerning that act as it regards the increase in state's revenue......they spoke with the president about it and were able to come to a common ground.
A couple of months ago, the FG was attacking the oil companies for default, etc, etc....... But I guess that's all normal talk. Its more like an enforcement act of an already existing act. Those oil companies have been racking it in, not cleaning cleaning their mess like they do elsewhere. We are ambitiously going after our money with an act.Note to future - Legal minds required. |
Politics › Is Next Level Kakanomics? by budaatum(op): 7:58pm On Nov 04, 2019 |
Risky Kakanomics
Gloria Origgi writes
This is an application of the theory of kakonomics, that is, the study of the rational preferences for lower-quality or mediocre outcomes, to the apparently weird results of Italian elections. The apparent irrationality of 30% of the electorate who decided to vote for Berlusconi again is explained as a perfectly rational strategy of maintaining a system of mediocre exchanges in which politicians don’t do what they have promised to do and citizens don’t pay the taxes and everybody is satisfied by the exchange. A mediocre government makes easier for mediocre citizens to do less than what they should do without feeling any breach of trust.
She argues that if you elect a crappy politician, then there is little chance of progress, which seems like a bad thing. People do this, though, because maintaining low political standards allows people to have low civic standards: if the politicians are corrupt, there is no reason to pay taxes. Likewise, the politicians who have been elected on the basis of being bad leaders have no incentive to go after tax cheats, the people who put them in office. Hence there is often a self-serving and self-maintaining aspect to making less than optimal decisions: by mutually selecting for low expectations, then everyone cooperates in forgiving bad behavior.
This account assumes that bad behavior of some sort is to be expected. If someone all of a sudden starts doing the ‘right thing’ it will be a breach of trust and violating the social norm. There would be a disincentive to repeat such a transaction again, because it challenges the stability of the assumed low quality interaction and implied forgiveness associated with it.
I like Origgi’s account of kakonomics, but I think there is something missing. The claim that localized ‘good interactions’ could threaten the status quo of bad behavior seems excessive. Criticizing someone who makes everyone else look bad does happen, but this only goes to show that the ‘right’ way of doing things is highly successful. It is the exception that proves the rule: only the people in power — those that can afford to misbehave — really benefit from maintaining the low status quo. Hence the public in general should not be as accepting of a low status quo as a social norm, though I am sure some do for exactly the reasons she stated.
This got me thinking that maybe there was another force at work here that would support a low status quo. When changing from one regime to another, it is not a simple switch from one set of outcomes to the other. There can be transitional instability, especially when dealing with governments, politics, economics, military, etc. If the transition between regimes is highly unstable (more so if things weren’t that stable to begin with) then there would be a disincentive to change: people won’t want to lose what they have, even if it is not optimal. Therefore risk associated with change can cause hyperbolic discounting of future returns, and make people prefer the status quo.
Adding high risk with the benefits of low standards could make a formidable combination. If there is a robust black market that pervades most of the society and an almost certain civil unrest given political change (throw in a heavy-handed police force, just for good measure), this could be strong incentive to not challenge an incumbent government. What you think? |
Politics › Re: President Buhari Assents To The Bill Amending The Deep Offshore Act by budaatum: 7:38pm On Nov 04, 2019 |
bigpicture001: Paid writer....have dey increased from30k...? Must I slave for 30k? Na dem rope your neck? |
Christianity Etc › Re: Former LGBTQ Members Say Their Changed Lives Prove Homosexuality Isn't Permanent by budaatum: 6:50pm On Nov 04, 2019 |
Aaronsrod: Otherwise we shall kill them as the Bible instructs. The Holy Bible 
|
Politics › Re: Peter Obi Left Anambra Wallowing In Muds & Dirts- Photo by budaatum: 6:38pm On Nov 04, 2019 |
JonDon12: And Olodo, it is mud and dirt. Not muds and Dirts. Learn English please. Una no fit even spell the thing even though it dey outside una house.
21. Please spell words correctly when you post, and try to use perfect grammar and punctuation. Please Observe The Following Rules! |
Celebrities › Re: Bobrisky To Contest For Miss World In 2020? by budaatum: 5:32pm On Nov 04, 2019 |
Bobrisky to get pregnant in 2021. |
Literature › Re: A Woman And Her UK Experience. by budaatum: 5:07pm On Nov 04, 2019 |
Abini2012: I am on a Tier 4 Dependant visa and will be in the UK for about 6 months, so I decided to document my journey aka adventure . Am not much of a talker, all typos are deeply regretted  1 Like 1 Share |
Politics › Re: President Buhari Assents To The Bill Amending The Deep Offshore Act by budaatum: 4:59pm On Nov 04, 2019 |
WHAT NIGERIA STANDS TO GAIN FROM THE AMENDMENT
Nigeria is projected to earn an additional income of $1.4 billion annually from international oil companies operating in the country if the bill seeking to amend a particular section of the act is passed into law.
Section 16 of the act states: “(1) The provisions of this Act shall be subject to review to ensure that if the price of crude oil at any time exceeds $20 per barrel, real terms, the share of the government of the Federation in the additional revenue shall be adjusted under the production sharing contracts to such extent that the production sharing contracts shall be economically beneficial to the government of the Federation.”
Although various stakeholders have been calling for a review of the act, there are fears that it might scare away investors from the oil sector.
https://allafrica.com/stories/201910290604.html |
Politics › Re: Peter Obi Left Anambra Wallowing In Muds & Dirts- Photo by budaatum: 4:51pm On Nov 04, 2019 |
sarrki: Lol
Am a proud prince and a full blooded lagosian Are you jaguda because he's from your state? |
Politics › Re: Peter Obi Left Anambra Wallowing In Muds & Dirts- Photo by budaatum: 4:49pm On Nov 04, 2019 |
sarrki: Chest beating all the time Indeed! All my sai bubu will be zero level if Tinubu is president! |
Education › Re: NUT: 22 States Haven’t Recruited Teachers In 10 Years by budaatum: 4:41pm On Nov 04, 2019 |
Salvador1: Imagine 50 public schools in anambra with 46 biology teachers.
Note some schools have 2-3 biology teachers Some schools in Osun have 2-3 teachers. Illiterate corpers make up the numbers! |
Education › Re: NUT: 22 States Haven’t Recruited Teachers In 10 Years by budaatum: 4:38pm On Nov 04, 2019 |
tk4rd: SO, WHAT EXACTLY CAN BE DONE ABOUT IT.? Its our children who will after all go to these schools! People, I'd like to believe in us. This is a beginning. |
Politics › Re: Peter Obi Left Anambra Wallowing In Muds & Dirts- Photo by budaatum: 4:33pm On Nov 04, 2019 |
Tinubu can not win APC ticket. He cannot even enter his name in the primaries. But please do not take my word for, let time tell. But if he does, so long as PDP finds someone more credible than atikulator, I will vote PDP and Igbo self, as race does not matter to me where the option is a thief. For your correction, Orolu Kingdom of Ifon Osun is not in Igbo State, you bigoted fool! Shawnnn01: If tinubu will be the presidential candidate of the APC come 2023, it is safe to say that he will indeed become the president of this great country Nigeria over your dead bodies, possibly over the dead bodies of your father n mother if they are still alive, dead bodies of your entire lineage till the 7th generation. So long Tinubu wins the APC ticket, if it will cost 20 million bigoted Igbo dead bodies to become the president that is exactly what will be sacrificed among you lot. |
Politics › Re: Peter Obi Left Anambra Wallowing In Muds & Dirts- Photo by budaatum: 3:56pm On Nov 04, 2019*. Modified: 8:46pm On Nov 04, 2019 |
ConqueredWest: Tell Tinubu that he will never be Nigerian President before any Igbo man even if he empties CBN He knows. I have told him. Over my dead body. |
Sports › Re: FORMULA ONE F1 Official SeasonThread - Revamped by budaatum: 3:00pm On Nov 04, 2019 |
|
Sports › Re: FORMULA ONE F1 Official SeasonThread - Revamped by budaatum: 2:50pm On Nov 04, 2019 |
MrBrownJay1: this man is unstoppable... congrats to the legend!!!
now, can someone explain this Ferrari fuel flow stuff OR am i right to say that they were cheating and thats how they got their "extra" power.... and now that they were caught and banned (from doing what they were doing), we saw their true potential/pace (aka dreadful)?! The thought crossed my mind. Yesterday shows lack of strategy is not their problem. They have no goals! Who in their right mind boasts before Melbourne then gets there 4th and 5th? USA, months later, largest telly and their suspension can't drive the road! They keep it going, Hamilton win 10 Championships before they win a race! |
Business › Whatsapp Good For Business? by budaatum(op): 12:59pm On Nov 04, 2019 |
Has this happened to you?
How did you deal with it?
|
Politics › Re: Atiku INEC Server Should Be Released To Public by budaatum: 5:02am On Nov 04, 2019 |
|
Education › Re: NUT: 22 States Haven’t Recruited Teachers In 10 Years by budaatum: 5:00am On Nov 04, 2019*. Modified: 8:33pm On Nov 05, 2019 |
God, please, make people do Schools in my neighborhood youtube. And anyone who finds a post, link here so we know what our schools look like. Amen |
TV/Movies › Re: The SHOCKING Reason Black People Are Moving To Asia | Documentary [2019] by budaatum: 4:55am On Nov 04, 2019 |
It's all cold in Europe and America don't like you, so go to Asia!
Can one who gets to the mark the Nigerian bit. |
Christianity Etc › Re: Appropriated Responses To A Dumb Mutt by budaatum(op): 3:37am On Nov 04, 2019 |
|
Christianity Etc › Re: Let All The Evolutionists Come And See Where The Problems Really Lie by budaatum: 3:36am On Nov 04, 2019 |
budaatum: What I understand op to be saying (not that I read it all, and not that he explicitly said or even means this), is that DNA is the Word of God through which God created humans. [url=https://www.biblegateway.com/passage/?search=Genesis+2%3A7&version=NIV]Genesis 2:7[/url]; [url=https://www.biblegateway.com/passage/?search=John+1%3A1-4&version=KJV]John 1:1-4[/url].
And Jesus is telling you to learn the Word of God when he says "Love the Lord thy God and Love the creations of God who live by you and your enemies even moreso". [url=https://www.biblegateway.com/passage/?search=Mark+12%3A30-31&version=KJV]Mark 12:30-31[/url]; [url=https://www.biblegateway.com/passage/?search=Matthew+5%3A44&version=KJV]Matthew 5:44[/url] You after all cannot love that which you do not have knowledge of.
I would not offer any of this as evidence for God though, because to start with, evidence is image making and God don't like images. Second, God is a Spirit that no one has seen so why should the blind see God? Third, even Jesus never bothered with evidence of God so why should ordinary humans feel the need to go drag God from up in the heavens and present God to unworthy humans who say God does not exist? If they were worthy of seeing God, surely, God would come to them Godself and say to them, "Here I Am"! And fourth, "God is spirit, and his worshipers must worship in the Spirit and in truth", and not in a science lab! |
Christianity Etc › Re: Let All The Evolutionists Come And See Where The Problems Really Lie by budaatum: 3:21am On Nov 04, 2019 |
|
Christianity Etc › Re: Are Real Christian Higher Than The Angels Of God. by budaatum: 3:07am On Nov 04, 2019 |
Goldencheese: This is no brainer bro, in the hierarchy of spiritual beings whether we are in the flesh or not, it is God, man, angels and demons in that order. Lower or not lower. Being made in God's image alone whereby we know right from wrong and can create makes us higher than the angels.
They cannot worship us because worship is a singular right of God but they obey us and do our biddings.
Man is higher than the highest of the angels. It is a mystery that only God can explain because God's love for man is what the angels, demons and humankind does not understand.
Why does God love sinful me? Because your Bible tells you so! Ask them how can ordinary errand boy be greater than the Imaged Child of God? 10 likes for you! |
Christianity Etc › Re: Let All The Evolutionists Come And See Where The Problems Really Lie by budaatum: 2:55am On Nov 04, 2019 |
Truthdefender66: @ Blakjewelry, LordReed, rottennaija, budaatum
Let me give you my final evidence for the existence of God. It is now left for you to either accept it or reject it. See the evidence below. Where, please, did you get the idea that you had to give your "final evidence of the existence of God" to buda? Did I tell you I don't have "final evidence of the existence of God" of my own?  |
Literature › Re: To The African Child by budaatum: 2:23am On Nov 04, 2019 |
Went to see ma yesterday Sunday, I was hungry, go suck ma tit. Ma's telling me I should be eating only vegetable like her. She said she never ate meat, not since she was young and used to wrap her meat in paper and hide it where ants would eat it, I should manage the small chicken she has. Took a while to remind ma she used to go stock up on cow leg and fuku and saki and edo and chicken legs and salmon heads at Dalston Market, that's what she calls it though it's actually Ridley Road Market. Ma would buy so much meat her freezer would be full she'd have nowhere to put it have to give us children. I'm sending this to ma. It rightly crossed all we said! Let her know I too will eat only vegetables when I'm 80 like her. Thank you oboy. 2 likes for you! 1 Like 1 Share |
Romance › Re: I Didnot Like The Way Our Pastor Gazed At Me While Preaching Against Furnication by budaatum: 1:21am On Nov 04, 2019 |
How come the woman you took to your pastor for prayer is not the one you married? |
Christianity Etc › Re: Thousands Committed Their Lives To Christ At Kanye West Sunday Service In Baton by budaatum: 1:16am On Nov 04, 2019 |
My Lord! See Kanye Church! |
Sports › Re: FORMULA ONE F1 Official SeasonThread - Revamped by budaatum: 1:14am On Nov 04, 2019 |
|
Celebrities › Re: I Need New Pants & Bras’ – Bobrisky Tells Her Fans (photo) by budaatum: 1:13am On Nov 04, 2019 |
|
Politics › Re: PDP Denies Zoning 2023 Presidential Ticket by budaatum: 12:45am On Nov 04, 2019 |
We might not be atikulating 2023 afterall.  |
Christianity Etc › Re: Kanye West Gets $68M Tax Refund After Becoming Born Again by budaatum: 12:05am On Nov 04, 2019 |
|