Fish-aggregating devices are deep-water mooring, which works by attracting fish, primarily oceanic fish like tuna that are migrating through the area -> give artisanal fisherman
RT @70sBachchan: 12/ In 2020, over 500 billion (!) locusts were killed in E Africa & Yemen. With rains they reproduce like lightning; #'s m…
It seems possible, therefore, that social immobility in Germany, whilst being severe, is somewhat less extreme than @OECDeconomy suggests. But the question that @APeichl and
What stands out for US readers of the data, is that Germany and the US are level pegging and that many European countries appear far
Intergenerational income elasticity data compiled by @OECDeconomy and endorsed by @PIIE Showing Germany and US similarly immobile have caused quite a stir. piie.com/microsites/how… It turns
The IfO group show that the @OECDeconomy numbers are an outlier amongst mobility studies. They show that some of the assumptions made by the OECD
Barilla supplies 22% of pasta & 39% of sauces eaten in Germany -> lockdown requires 2-3 dedicate barilla trains from Parma to Ulm carrying 490
Mark Nov 17 2020 as a moment in new era of nuclear missile competition: A sea-launched US sm-3 Block IIa interceptor destroyed an incoming ICBM.
Arab universities produce plenty of doctors. In Egypt about 7,000 of them graduate each year—15% more than in America, adjusted for population. But rather than
Where do used American cars end up? UAE, Nigeria, Georgia (the country) and Mexico. @StatistaCharts via @SoberLook https://t.co/ISZIM1Q9DL
Germany is significantly less unequal than the US (after taxes and benefits). But it is NOT more socially mobile as measured by father and son’s
Taiwanese companies have invested $190bn in Chinese operations over the past three decades. Corporate brands have high profile. But flood is slowing due to politics,
Gendered differences in investor behavior as captured by this @magnify_money survey are dramatic. Via @SoberLook https://t.co/xaJx7QGVFl
Foreign investors are piling into Chinese bonds offering attractive yields. But how do you judge which are safe? Big, state-backed used to be the answer.
@unioneyes @joejglenton I thought of N Ireland because it seems to me like a conflict that the UK military fought to a large degree “isolated”
RT @milleropoulos: @PaulBlustein one of few that write eloquently on bonds! twitter.com/adam_tooze/sta…
Pol econ of debt relief is multi-sided: Bondholders, Chinese development banks, rich-country govs v. Govs (often corrupt/authoritarian), businesses, tax payers & citizens. Zambia a tricky
Higher interest rates -> government debt service burden for EM is trending in opposition direction to that for AE. @IIF via @SoberLook https://t.co/53lCgLOwsQ
As PNC snaps up Spanish bank BBVA’s US operations is trans Atlantic banking disentangling? Facing mammoth competitors European banks in the US lack scale necessary
The debt crises of 2020 are more complicated because concessional gov loans from AE compete with private debt and Chinese lending. economist.com/finance-and-ec… For more links
"Countries can increasingly understood as platforms: national operating systems of sorts.” @TheEconomist China is like Apple: closed with internal competition EU is Linux America is
"slowdown in technological progress explains at most part of one-third of the growth slowdown” in the US. @DietzVollrath work discussed in this excellent blogpost. mattsclancy.substack.com/p/maybe-there-…
@stillots1 I would not elide novel events with contingency or weirdness. Sometimes yes. But not necessarily. It could just be development.
Black Wedge. Red Blob: @israelgvargas for @TheEconomist on Western tech wars with China offers an interesting inversion of the El Lissitzky 1919 classic, Beat the
In June 2020 the Fed was forced to ration the supplies of pennies, nickels, dimes and quarters based on banks’ previous orders because the usual
Relations with Fed will be crucial for Biden Presidency @TheEconomist argues. Might that help to explain leaving Brainard in place? economist.com/finance-and-ec… Battle over Fed with
"Quants rely on history. If something happens that is without precedent they have a problem.” @TheEconomist gets this the wrong way around! Quants rely on
In 2020 low income countries are expected to suffer a $150 billion fall in exports, remittances, and investments. From G30 report on financing recovery helmed
In 2012, after a decade of stunning economic growth, Zambia could borrow more cheaply than Spain that was embroiled in the self-inflicted Eurozone crisis. Now
Corona is forcing G20 and IMF to discuss sovereign debt restructuring. Good explainer here by @TheEconomist economist.com/finance-and-ec… For more background see the new Chartbook newsletter
By Sep 25 2020 @IMFNews had approved 95 separate programs. New IMF leadership talks a good game on development and equity. But what conditions were
How Mnuchin Snubbed Biden, terminating Fed’s emergency-lending programs that will limit the new administration’s option. nytimes.com/2020/11/20/opi… A story of the Trump era? Sure but this
In the US this week an argument flared about the continuation of Fed emergency programs and their cancelation by outgoing Trump Treasury Secretary, Steve Mnuchin. In Europe the much-hailed July recovery package was stalled by Europe’s own nationalist-populist troublemakers aka Hungary and Poland. In both cases this leaves the central banks exposed and increasingly politicized.
Meanwhile, the G20 is holding a virtual meeting under Saudi chairmanship (sic) to discuss a framework for addressing international debts of lower income countries.
Central banks have kept their economies afloat this year—but political dysfunction is pushing them past the breaking point. In the looking-glass moment of November 2020
@boydvenable @MorningConsult But would be good to know whether one did. And the question would be the same. What does one call that?
© 2025 Adam Tooze. All Rights Reserved. Privacy policy. Design by Kate Marsh.