More than a quarter of Republicans in @MorningConsult poll believe that Trump should not concede defeat NO MATTER WHAT! What’s the right description for that
EU faces unappetizing trade off. Compromise on rule of law with Hu/Pl -> unleash fiscal package that will benefit economy and relieve pressure on ECB.
RT @Quicktake: “This was a really big contribution toward restoring the U.S. economy, and thus restoring the world economy.” Russian Pres…
RT @artistkollwitz: Portrait of a Working Woman with Blue Shawl, Käthe Kollwitz, 1903 collections.artsmia.org/art/7380/ #printsanddrawings #mia https…
Arrested Development: IMF lending and austerity post Covid-19 This report by @danielmunevar is dynamite! Essential reading in context of G20 debt framework talks. @eurodad doing
This was the UK in 1973. Belfast that is … twitter.com/BBCArchive/sta… https://t.co/B9JDDyNIS6
The G20 are meeting this weekend. Political economy and geopolitics of global debt restructuring are in play. For some of the background, charts and key
Vera Songwe, UN Under Sec Gen Head of Uneca, says "last thing" developing countries need is enforced private-sector involvement in debt relief. She wants $100bn
A clutch of large EM went into the 2020 crisis with budget deficits which were large already in 2019 making them vulnerable to funding pressure.
In the early 1960s the US had the highest top marginal income tax rate of the large capitalist democracies. Since WWII it had vied with
Trump-appointee David Malpass as Pres of @WorldBank has waged a war of words with China over debt relief despite fact that G20 docs show China
G20 is this weekend discussing a debt relief framework that involves all parties including private lenders. Makes sense. But will debtor countries be willing to
Averages taxes (Fed, state, local) as share of income in the US was steeply progressive in 1950. By 2018 it had become staggeringly flat with
New Chartbook newsletter # 3 just dropped. Featuring battles over fiscal policy, central banks and global debt relief. If you would like to receive these
Pandemic has hit Africa’s emerging economies hard. Ok. But why is this our problem and not just Africa’s? Because the shocks are transfers. Fall in
So far debt crises of 2020 have been small (excepting Argentina), but “some observers think Brazil & South Africa, which are both in the G20
Almost 200 big corporations have joined the ranks of so-called zombie firms since the onset of the pandemic -> now account for 20% of top
"From Boeing Co., Carnival Corp. & Delta Air Lines Inc. to Exxon Mobil Corp. and Macy’s Inc., many of America’s most iconic companies aren’t earning
Why the developing world needs a bigger pandemic response The G20 summit and a Biden administration could lead to new initiatives for poorer countries This
At its peak in 1945, manufacturing accounted for 25% of the US workforce. It always required rhetorical work to make the male industrial worker into
The collapse of Zambia’s currency the Kwacha has made its external debts of $12 bn punitively hard to service. @jsphctrl ft.com/content/707aed… https://t.co/djHv5GZQg9
@APeichl @FuestClemens @BachmannRudi @sigmargabriel @ZDFMarkusLanz Cheers will read and reassess. What is the source of the problem?
@APeichl @FuestClemens @BachmannRudi @sigmargabriel @ZDFMarkusLanz Cheers will read and reassess.
Everest expeditions alone contributed more than $300 million in 2019 to Nepal’s economy. Tourism accounts for 8 % of GDP. It is facing a profound
Never recovered: Median net worth has dropped for Americans younger than 55 since 1989. And those 55-64 took a huge hit in 2008 from which
That moment when you need to take elementary lessons in the functioning of democratic politics from Richard Nixon …. twitter.com/BeschlossDC/st…
@Schuldensuehner @welt Hi @Schuldensuehner have you had the talk about a society ruled by TWO parties in an age of disorder etc … ?
RT @RobinBrooksIIF: Our @IIF EM central bank summit is next week. I'm interviewing Deputy Governor Dr. Oğuzhan Özbaş from Turkey's central…
Since the 1970s depth of cuts to top tax rate and change in top 1 percent income share are closely associated though cause and effect
RT @DuncanWeldon: @moyeenislam @SamuelMarcLowe The fascinating thing (to me) about Napoleonic economic warfare… is that it’s a reverse bl…
“Virtual meeting of doom”. Whilst the US wrestles with the Trump-Biden transition, this headline from the EU is worth pondering .politico.eu/article/eu-lea… In this @ForeignPolicy I
According to projections by @FitchRatings governments with a junk rating—bb+ or worse—may soon outnumber those classed as investment-grade. economist.com/finance-and-ec… https://t.co/s8fQhzkzlt
Generation debt: In 1989 20 % of Americans younger than 35 owed student debt. In 2019 the share has risen to 40%. For those 35-44
"Eight poor countries spend over 30% of their fiscal revenues on interest payments, reckons Fitch, a rating agency, more than in the early 2000s when
In July Europe reveled in idea that recovery package opened new era v. US descending into chaos. Come Nov US econ policy is caught up
How many sherpas does it take to sustain an expedition to Everest? Fascinating update of the classic march to Moscow graph! bloomberg.com/graphics/2020-… https://t.co/JBbPEZF5Z8
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