2020 has been a brutal year especially for brick and mortar retailers. Could be more to come. These are the firms judged most at risk
Eskom, S Africa’s coal-fired, unreliable power utility, has $32bn in debt and requires a $70m per week subsidy to continue servicing its debt. Its a
Just when you thought 2020 had nothing more in store for us. …. "giant inflatable Santas riding unicorns are out of stock”, on the xmas
RT @ahistoryinart: In Meredith Frampton's remarkable painting of the 'London Civil Defence Control Room in South Kensington,' (1943) everyt…
1/6 small cap corporations in the US have interest burdens > than profits EVEN allowing for current low interest rates. It isnt just sovereign debtors
Given record low borrowing costs (thanks to Fed backing), US companies have been on opportunistic $2.5tn bond market binge. Drives leverage for IG firms to
RT @DrFrankSt: @Chun_ky @stefanauer_hku @adam_tooze @FAZ_NET From my perspective the real issue is the following: as we now know that both…
@dugmartsch @AlexHartman21 @JeffSnider_AIP Jeff’s stuff is great!
Notwithstanding my issues with Streeck, it can’t be denied that @MPIfG_Cologne has been one of best and most consistent pipelines of really interesting new research
Covid -> bigger state budgets etc. but "a state that no longer appears like a single unified entity, but rather a set of private contractors,
How China responds to running up against power shortages this year is going to be very telling! twitter.com/laurimyllyvirt…
What sounds like some good news on China’s energy plans for 2021. twitter.com/YanQinyq/statu…
UAE is offering free vaccination with China’s Sinopharm jab … out of a temporary clinic in a theme park! I mean it aint the Four
‘neoliberalism’ sees politics ousted by privatization and economics. Brexit is ecstatic refusal of economic rationality -> UK is now just as reliant on the private
“Janet Yellen once touted benefits of a weaker greenback for exports, but as incoming Treasury secretary, she faces pressure to return U.S. to a “strong-dollar”
“governing without government”. It was back in the early 1990s that many social scientists proposed that ‘the state’ was merely a metaphor or effect, that
RT @stefanauer_hku: I concur & I am genuinely curious whether anyone has been able to challenge some of the key findings in the report. htt…
This report on fiasco of EU vaccine policy by @derspiegel is as alarming and depressing as everyone say. Must Read! #vaccine spiegel.de/international/… https://t.co/rgpSvYT0cP
“The Paulo Guedes that existed two years ago now faces reality. “Reforms" in Brazil are a slow, bit by bit process,” said one lobbyist in
The story of Lehman’s failure has less to do with mortgages than repo and JP Morgan’s move to safety in summer of 2008. Excellent piece
FT reporting in dark tones on latest security threats in Nigeria. The subject of Chartbook Newsletter #10. #Nigeria adamtooze.substack.com/p/chartbook-ne… https://t.co/AHk3rtFDZH
RT @kgb_files: A mobile monument to Lenin. The sculptor Mendelevich, the author of the pedestal Yakovlev, 1925. Now located in the museum p…
"The Dunes Sagebrush Lizard did not vote in November’s presidential election, but it had a lot riding on the outcome.” @derek_brower at @FT on Biden
RT @SashoTodorov1: France, by the end of October 1915, had lost 630,000 war dead. The entire commonwealth would not hit 630,000 until Septe…
RT @AbdullaGhost: An Iraqi woman, dressed as Santa claus, rides her bicycle, amid the spread of the coronavirus disease (COVID-19), in the…
RT @jbarro: I am in favor of more Art Deco federal buildings. I like Miami Beach.
RT @drsplace: Global meat production from 1961 to 2018 from UN FAO: fao.org/faostat/en/#da… % growth over that time: Beef +143% Chicken +1…
RT @JonnyGeller: I don’t care how many times we’ve seen this, I think we could all do with it now. https://t.co/23tJ8PbKrd
"Not since the days of the Ottoman Empire has the Turkish military had such an extensive regional footprint.” bloomberg.com/news/articles/… https://t.co/Mrqd6QliqR
By Dec. 4, Turkish residents’ foreign-exchange deposits had risen by almost 19% this year to $231 billion, according to central bank data. That follows a
Turkey’s fx reserves hit a 15 year low this year, back to levels last seen in early 2000s when Turkey was in an IMF program.
RT @masaccio60: Affectionately known as The Hippopotamus, this Italian 15cm WW1 howitzer sits at 11,000ft, above the Adamello glacier. It t…
This is a fascinating thread on Galland and postwar Luftwaffe mythology. twitter.com/BloodPhilip/st…
@KeithSm49353997 With the Lynch Bages it was definitely an experiment. After several hours in decanter it settled down beautifully!
Near real time numbers for US poverty show rate rising 2.4 percentage points from 9.3 percent in June to 11.7 percent in November, adding 7.8
The surge in exposure of Europe’s top firms to Asia after 2008 is quite striking. Globalization? As the @GoldmanSachs title has it. Or the push
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