June 17, 2021
RT @guyverhofstadt: 5 years since the terrible murder of Jo Cox. Jo's name and work lives on in the City of Brussels. https://t.co/HqfFpW…
RT @guyverhofstadt: 5 years since the terrible murder of Jo Cox. Jo's name and work lives on in the City of Brussels. https://t.co/HqfFpW…
Retail sales and auto sales suggest that there is a very strong rebound in consumption underway in the US. thedailyshot.com/2021/06/16/ret… https://t.co/d4DSOvG8j8
Washington's decision to pull out of Afghanistan has triggered a regional power play, with different Asian players China to Turkey, from Russia to India jockeying for advantage in the endgame btw Kabul and the Taliban. asia.nikkei.com/Politics/Inter… https://t.co/tHUwujhvga
RT @laurimyllyvirta: This is NOT the story we expected to find. Rather than Chinese financing and supply driving coal power expansions acro…
RT @samuell_dixon: Fred Halliday’s 1992 review of @FukuyamaFrancis for @NewLeftReview – interesting example of the sympathetic reception of…
RT @montesgan: “En los países ricos la decisión de confinarse fue autoprotectora de abajo a arriba desde la sociedad”@adam_tooze en directo…
Known in the Soviet Union as the Project 1240 Uragan, meaning hurricane only one example of this giant 60plus-knots hydrofoil missile boat was ever built. Constructed in Leningrad, operated in Black Sea. Scrapped in early 1990s. thedrive.com/the-war-zone/4… https://t.co/IVMmePGfyV
In conversation after a TV discussion of his The End of History @FukuyamaFrancis revealed that his maternal grandfather had studied in Germany under Werner Sombart and subsequently purchased Sombart’s library incl 1st edit of Marx’s Kapital newleftreview.org/issues/i193/ar… https://t.co/VqWEQoRecT
EU-style conditional regulation of data flows dominates global trade in services and data. Striking graphs from essay by @Martina__F @ErikvanderMarel voxeu.org/article/regula… https://t.co/ENuozFdZKr
Impact of resumed US sanctions on Iran is felt above all in a surge in inflation = ruinous for Rouhani’s “popularity". ft.com/content/6a2a7e… https://t.co/ENyCSc4XSb
Failing to count trade in services of intangible assets by factoryless manufacturers definitely understates the benefits to developed nations from globalisation, and more importantly, distorts the trade balance between the North and the South Yuqing Xing voxeu.org/article/factor… https://t.co/u8QGqVb6G4
@blob_watcher Iraq? Libya? Cuba? The list is extremely contentious, but long!
Aanctions that the US imposed on Iran in 2010 robbed it off the last of the oil boom. 2014 oil shock and Trump did the rest -> lost decade. Over same period population increased from 73m to 83m = agonizing crunch in per capita income. ft.com/content/6a2a7e… https://t.co/JiraCPc5mv
Completely false juxtaposition @wolf_reuter Future will be decided by “reform” AND INVESTMENT. Debts are not end in themselves. One way of funding investment. One way of meeting portfolio preferences. In fact, hard to imagine bright future without more Bunds as safe assets! twitter.com/wolf_reuter/st…
Why Russia suffered shock therapy. @crmiller1 is fascinating on the lessons learned by SU from China and the failure of the Gorbachev reform program. uncpress.org/book/978146963… https://t.co/VStxgTMGnO
End of nuclear deal by Trump and reimposition of sanctions had ruinous impact on Iranian public finances. Useful roundup this: ft.com/content/6a2a7e… https://t.co/w2bsubpse2
Behind the trans-Atlantic Boeing-Airbus ceasefire is the realization that with launch of China’s C919 with state backing to tune of $49-72bn, time is running out on era of the Western duopoly. @peggyhollinger argues. ft.com/content/e75ef6… https://t.co/fjBWe80sTy
RT @zoningwonk: In NYC, the average individual living the federal poverty line spends $221 a month on transportation costs. In Houston, it'…
From Japan to Nato, Biden is rallying allies v. China. But most vital struggle right now is happening outside the limelight of summits: it is trying to keep the VFA with Philippine from being gutted. "Lose the Philippines and you lose the South China Sea" ft.com/content/f654a8… https://t.co/J54z09FxU9
An insider describes Engine No.1, which humbled EXXON’s leadership in May, as “a shareholder crusader for long-term value, not a climate crusader”. economist.com/business/2021/… https://t.co/HFFq3Jpt2y
Dot plots?? Comparing FOMC member forecasts for interest rates in Sep 2020 v. Mar 2021 gives an indication of how the outlook has brightened and expectation of rate increases have trended upwards. Good explainer this. @JamesPoliti @colbyLsmith ft.com/content/56ce9f… https://t.co/ZA9IqFfTA7
Until early 2020 Seegene was a medium-sized S Korean purveyor of med diagnostics with c $110m in annual sales. It ended year with $1bn in sales & $440m in net profit thanks to its early COVID testing success. Can S Korea spawn a global biotech industry? economist.com/business/2021/… https://t.co/T1T9v5WnnG
In German commemoration of invasion of Soviet Union in 1941 talk is far too often simply of 'Russia", even though immediate impact was on Baltic, Belarus, Ukraine. It was on their territory that fighting was most prolonged, damage to civilian life worst & holocaust most intense. twitter.com/IlkoKowalczuk/…
In Syria kg of beef now costs c. 1/4 of public employee’s monthly salary = €700/kg in Italy or £300/lb in UK -> more than 12m Syrians, 60% of pop are suffering from food insecurity. Kudos to @fdhassan @a_presbitero @FTAlphaville for raising alarm. ft.com/content/b06ad8… https://t.co/7eaSEEKnJd
German election debate on twitter is producing some interesting data. Hartz IV/Agenda 2010 is today decried by Schroeder's former coalition partners, the Greens. Now @W_Schmidt_ argues it did not drive away working-class voters from the SPD, any more than other voters that is. twitter.com/W_Schmidt_/sta…
What US Treasury market (non)reaction to latest inflation numbers suggests, @RobinBrooksIIF argues, is not that markets dont care about inflation but that Fed's average inflation targeting policy s credible. Given its novelty and difficulty of communicating thats hardly nothing! twitter.com/RobinBrooksIIF…
(Intellectual) Momentum is building in Germany for an even bigger hydrogen effort. Today both @tom_krebs and @KatjaRietzler on this tip. twitter.com/tom_krebs_/sta…
RT @transenv: ⚡️Carmakers are talking big on e-mobility. Does the reality match the talk ? Only two major carmakers, @volvocars and @VW a…
Should Germany further increase its already significant commitment to hydrogen? Who amongst AE is doing more? twitter.com/KatjaRietzler/…
“Amid the fine art displayed [at ge’s headquarters], the sneakers were a reminder of their sovereignty.” – on the sartorial stye of corporate raiders! economist.com/business/2021/… https://t.co/Y2Et0yV0SC
RT @BJMbraun: Look, @DezernatZ, the great @JWMason1 and @rortybomb's manage-the-boom manifesto came out the same day as yours. https://t.c…
There is a space in the German political spectrum for someone to offer a combination of expansive fiscal/monetary policy AND a return to positive interest rates. Someone ought to seize it. @Die_Gruenen investment program could offer the right platform. @Jmhaas twitter.com/PeterBofinger/…
Lagarde's msg on May 21st was easily overlooked. But no by markets. Financial conditions eased significantly. But will that set up hawkish fightback in September? @fwred thread may have set terms of conversation for rest of summer. twitter.com/emeyersson/sta…
Germany's @Die_Gruenen have adopted a carbon price/carbon dividend concept and there really arent any economists, even conservative economists, who disagree with them. Other side of the Atlantic is a different matter! twitter.com/sven_giegold/s…
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