ADAM TOOZE

"Peat monitoring” is not to be confused with watching paint dry! Though drying is, indeed, the issue. Peat, especially in Indonesia and Siberia, is a

Average older Brit … nuff said. economist.com/britain/2020/0… https://t.co/kovJAdL4mV

Mega Rice Project launched by Indonesian President Suharto in 1997 unleashed an epic environmental disaster. Giant fires of dried peat across country released 0.81 and

In Lagos, Nigeria’s commercial capital, wigs sell for $60-$800. Top end are human hair of which Nigeria imports 3.6k tonnes pa. Brazilian is praised for

High Cost of Living became a driving preoccupation in final dismal months of Woodrow Wilson presidency in post WWI USA. We need a richer history

US diplomatic service is in state of collapse: Trumpist scorn & neglect; bypassed by other modes of IR; inflexible and unattractive career path -> halving

The polarization of British politics by age over last 10 years, has been remarkable. @TheEconomist economist.com/britain/2020/0… https://t.co/mTMcm8Ex5j

Stakeholder laws: Of America’s 50 states, 32 have at least one law that lets a firm’s fiduciaries take some non-shareholder interests into account. economist.com/business/2020/… https://t.co/T805Zo8UT8

“Going out”: In 2019 China overtook America as the country with the most embassies and consulates around the world, says a Global Diplomacy Index compiled

The share prices of listed Airbus A380-owning funds suggests residual values of these magnificent plans once leases expire are $10-15m. Regular maintenance overhauls of each

Unlike its competitors Saudi Aramco still makes money & is paying out giant $75bn dividend. To lure investors it promised it would give priority to

RT @hshierholz: One very 2020 aspect of this: people who couldn't get their horses/cattle out in time are now just painting their phone num…

RT @BHershbein: Of Michigan's 4.95 million labor force participants (pre-COVID), more than 1.5 million were receiving some form of unemploy…

One thing a just transition has to prioritize is offering equivalent employment for the 400k men and women who currently earn a good living in

RT @isskein: Michel Foucault's copy of Anti-Oedipus, illustrated by Deleuze’s children, Émilie and Julien. (Inscribed: “For Michel, admirat…

RT @BCAppelbaum: Great job alert: @nytopinion is looking for an editor to oversee Opinion's coverage of business, economics and technology:…

RT @DuncanWeldon: Just realised that Joe Biden is basically the same age as Neil Kinnock. My brain can’t process this.

Peru has had one of the worst COVID crises and has suffered an actual 30% yoy drop in GDP. Worst of any major economy. Hospitality

Given the success of Eurozone short-time working measures unemployment statistics can be quite deceptive e.g. Spanish unemployment is out of synch with hours worked. @IIF

A delighted, as always, to talk to @poltheoryother about China, the US and the return of austerity politics. As ever, Alex Doherty, asks great questions!

Deutsche Bank reckons that lost revenues in China, expense of moving factories out of country and compliance with the Chinese and American technospheres’ diverging standards

Measured by asset purchases, the Fed can appear more activist than the ECB. But if you account for TLTRO lending to banks, data by @fwred

Loans with gold and gold jewelry as collateral are big business in India. Formal gold-lenders have assets of $40bn. Smaller lenders make another $80bn inlays.

The convergence club revisited: poor countries have the potential to achieve rapid catch up growth. But, obviously, not all do. New work by @WorldBank reviewed

In 1992 a survey of AEA members found that 79% agreed that a minimum wage increases unemployment among young and low-skilled workers. By 2000 only

“For a long time economists—whose median income, according to a survey of the American Economic Association (aea), is $104,000 a year—considered minimum wages to be

"whole-nation system” – this @TheEconomist briefing on China’s evolving system of industrial policy is truly excellent. Highly recommended. economist.com/briefing/2020/… https://t.co/Yf3nGvjf0N

Hemispheric juxtapositions: Japan-US @onlmaps Indonesia-US @Jacob___Shively Australia-US @MaksymPolyakov https://t.co/96dSthwa0z

The disaster of failed COVID containment is destroying the tourist economy of the Caribbean. Jamaica visitors plunge by 96%. @SoberLook https://t.co/2aon9t3yAM

In recessions indiscriminate credit card borrowing really comes back to bite lenders. Additional worry is distress borrowing -> lenders tighten standards inducing a pro cyclical

Set against global equity market shock of March 2020 that for obvious reasons triggered massive policy response, should we not be somewhat impressed by the

Death knell for brick-and-mortar? Retail has regularly been hit hard by business cycle, but never has there been the divergence seen in 2020 btw online

Belarus unrest spells opportunity for rival potash-fertilizer producers. Shares in some of the world’s top fertiliser companies have rallied after protests at potash mines. Belarus

America’s stimulus checks were a timely and effective counter to recessionary shock of the lockdown. PPP was generous, but far from obvious that it worked

RT @RobinBrooksIIF: Die Aufwertung des Euro, die in letzten Wochen stattgefunden hat, ist nicht tragbar. Dabei geht es nicht darum die Erru…