At present, America is producing more output than it managed just a year and a half ago, with roughly 6m fewer workers. But will there be lasting gains in productivity? economist.com/finance-and-ec… https://t.co/tTfhsfhX1A
This weekend, Taliban over-ran Sheberghan, capital of northern Jowzjan province = stronghold of Abdul Rashid Dostum, powerful anti-Taliban warlord, formerly vice-president to Ghani. ft.com/content/7cb630… Check out Chartbook #29/30 on Afghan crisis here: adamtooze.substack.com https://t.co/2CIf5el083
RT @marinamaral2: Isambard Kingdom Brunel was an English civil engineer who is considered "one of the most ingenious and prolific figures i…
RT @AlexSteffen: It is very difficult, though, for most people—especially those who don't live in the West—to understand the sheer scale of…
RT @BoneyAbroad: Today is an important and misunderstood #OTD for the Hawker Typhoon. The 7th August 1944 saw the launch of von Kluge's Op…
RT @_ppmv: hear me out, what if climate dismissal and denial are not unfortunate dysfunctions to 'solve', but vital signals of the function…
RT @CyrilPedia: 'Western aid spending often exceeded the measured size of Afghan GDP. The figures have a surreal quality. How could you fit…
RT @NewStatesman: In the 1990s, the Taliban exploited and took charge of a country eviscerated by war with the Soviet Union. Will it do t…
RT @ticiaverveer: Radiocarbon-dating an early minting site: the emergence of standardised coinage in China. Systematic AMS radiocarbon-dat…
@GeorgeSelgin @TheEconomist @MehrsaBaradaran @tyillc Yup. Debt-based stablecoins that are like MMF are what it highlights.
RT @noah_gordon_: Spot on as usual by @adam_tooze. The clash over how the EU CBAM recognizes the cost of US climate regulations that don't…
RT @Manish_05Singh: India’s 🇮🇳 Olympics Medals 1896🥈🥈 1928🥇 1932🥇 1936🥇 1948🥇 1952🥇🥉 1956🥇 1960🥈 1964🥇 1968🥉 1972🥉 1980🥇 1996🥉 2000🥉 2004…
@GeorgeSelgin @TheEconomist Which is why @TheEconomist focuses on stablecoins, leverage and sentiment as the channels. @MehrsaBaradaran @tyillc
Hi … @GeorgeSelgin did you have a chance to read @TheEconomist article? They specify three channels of transmission: "leverage, stablecoins (which they analogize to MMF), and sentiment" twitter.com/MehrsaBaradara…
Spending Together – aka Schwundgeld 2021: Hong Kong experiments with perishable e-money. But will the permanent income hypothesis triumph? economist.com/finance-and-ec… https://t.co/PWeBVWCMoz
RT @heimbergecon: The entire German government bond yield curve is now in negative territory after Germany's 30-year yield turns negative f…
@polipolio @fdragoni @RobinBrooksIIF @guerreraf72 And under the benign reign of good king Draghi are enjoying a “season of rationality” on vaccines according to NYT. nytimes.com/2021/08/06/wor…
RT @fdragoni: Don't wake him yet. He's dreaming. Real GDP per capita in 2020 1. US (black): back to its 2017 level 2. Germany (blue): bac…
Not only has crypto trading volume expanded dramatically but bigger players are involved increasing the degree of systemic risk. Alarming piece this by @TheEconomist but a good place to catch up on the discussion. economist.com/finance-and-ec… https://t.co/yHcc9UXZ6f
Study co-sponsored by UK gov estimated that likelihood of an extreme heatwave capable of wiping out southern Chinese rice crop in a given year was 1/100 under 1°C of warming, but 1/10 under 2-3°C of warming. Do you think Beijing is serious about climate? economist.com/briefing/2021/… https://t.co/d5jMlvWtjg
In summer of 2010 temperature records which had stood since the 1880s were broken in Russia = world’s third-largest wheat produce. Wheat yields fell by about 1/3 -> Russia banned exports -> price spikes on global food markets -> Arab spring? economist.com/briefing/2021/… https://t.co/irOYI9jDAD
Around 2/3 of the global economy is now covered by a pledge to achieve “net-zero” emissions by 2050-60. Over next decades most EM plans allow for significant growth e.g. Pakistan -> 2030-2060 is going to take some steep decarbonization! economist.com/graphic-detail… https://t.co/iG1Ow2mpWI
When we say that there is no solution to the climate problem without China. That Beijing holds the future of humanity in its hands …. newstatesman.com/world/asia/202… This is why! economist.com/graphic-detail… https://t.co/jxUKNes05J
RT @apuente: Este artículo de @adam_tooze sobre China ha sido una de las cosas que más me han gustado de este verano. Un resumen de su hist…
RT @ewangibbs: These are mid-1980s UK government plans for a ship that would fire ‘torpedo-like objects’ full of cooled nuclear waste into…
“wear out the carpets on Capitol Hill” Powell has proven to be a relentless political networker, ready to learn from mistakes and a calm crisis-fighter. Why @DavidBeckworth thinks he will stay. nytimes.com/2021/08/06/opi… I made TACTICAL climate case here: greencentralbanking.com/2021/07/26/ada… https://t.co/IQtnXmEIDv
A 3°C world is thus both a pretty likely outcome if nothing more gets done and the worst that might still happen even if things go very well indeed. That makes it worth looking at in some detail, and the result is alarming economist.com/briefing/2021/… https://t.co/SBgKfHf7Bk
The German literary theorist/historian/philosopher Karl Heinz Bohrer has died. His mode of delivery, especially in English, was legendary. I was looking for youtube. Practically nothing. Can this really be all that there is? youtube.com/results?search… https://t.co/AEFKZvfEoB
"During prohibition, for almost 100 years, the farmers of the California Emerald Triangle had learned to keep their methods secret.” Amazing how the narrative is flipping before our eyes. economist.com/obituary/2021/… https://t.co/k79dV68FbE
Chartbook Audio: Adding a channel that brings together some of the most enjoyable podcast chats. #1 is from 2019 with @MkBlyth & @bhgreeley If you would like to receive these to your email, sign up here: adamtooze.substack.com/p/chartbook-au… https://t.co/KCw8wcPeuW
Cost of light is falling. 1/2 lightbulbs sold incorporate LEDs. Use 70-80% less electricity for same output as incandescent. But: broader range of wavelengths & shorter wavelength peaks of LED bulbs interfere with a greater number of animals ft.com/content/31a01d… https://t.co/zh4UgJYz6Y
1981: the term "emerging markets" is coined by World Bank staffer Antoine van Agtmael @avanagtmael while promoting a global listed equity investment fund for developing countries. Term will change the financial world's perception of developing countries! economist.com/briefing/2021/… https://t.co/fZ6AO7hC7C
Brussels effect v. US leadership aspirations. I did a long read for @ForeignPolicy on trans-Atlantic climate diplomacy. foreignpolicy.com/2021/08/06/cli… Chartbook #31 (out this weekend) will dig deeper on logic of US side. To get the email, sign up here: adamtooze.substack.com https://t.co/7BjpYHNNPa
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