In the current moment unease about America’s fraying social fabric easily merges with fears about national decline. Chartbook Newsletter #19 pulls together some thoughts about Biden’s Families Plan. adamtooze.substack.com/p/chartbook-ne… https://t.co/I8uSwi6Aon
RT @IsabellaMWeber: China’s economic rise was unimaginable when reforms started. Far from a Beijing consensus, China almost implemented Sho…
Chartbook Newsletter #19 is out. American Family Values and Biden’s Family Plan. Sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/R85vkth9K5
RT @ahistoryinart: 'Anna By The Pool.' (1952) This is one of the first paintings in what for Zdzisław Ruszkowski would become a lifetime ob…
The real (inflation-adjusted) price of child care in US increased by nearly 49% from 1993 to 2018 freddiemac.com/research/insig… On top of regular inflation that meant an absolute increase of 30% btw 2011 and 2020 ft.com/content/0f1bec… https://t.co/Bu5MUrZIZf
Leading European countries spend three times more on family benefits as a share of GDP than the US. Biden’s Families Plan if fully implemented would raise US off the very bottom of the pack. ft.com/content/0f1bec… https://t.co/cAzOMXKpXF
Operations Room Conference, Bomber Command, October 1943 Herbert Arnould Olivier (1861–1952) Royal Air Force Museum artuk.org/discover/artwo… https://t.co/HIwz5HVnrM
On 1st September 1944, during the great breakout from the River Seine Montgomery was promoted to field marshal to disgust of Americans. That day he was sitting for a portrait by Scottish portraitist James Gunn. Seriously … sitting for a portrait! artuk.org/discover/stori… https://t.co/BOwXpuPnfq
In 1952, just before he became president, Eisenhower painted the portrait of Montgomery! Given the tensions between them it is quite extraordinary. artuk.org/discover/stori… https://t.co/CzSL206HvS
The Nuremberg Trial 1946 Laura Knight (1877–1970) What an amazing image. artuk.org/discover/stori… https://t.co/e1tJ4Z2Ynu
"This year, TSMC will spend as much as $28 billion on new plants and equipment. Compare that to the U.S. government’s attempt to pass a bill supporting domestic chip production. This legislation would offer just $50 billion over five years." bloomberg.com/graphics/2021-… https://t.co/x57IuikKZo
After rising sharply during the 1970s, 1980s and 1990s, US female labour force participation hit a peak in April 2000 at 60.3 per cent and has never reached those heights again. => US now well behind OECD leaders. ft.com/content/0f1bec… https://t.co/5yitfgprZM
Such a lovely job they did on the Russian translation of Statistics and the German State. Indebted to the entire team. twitter.com/foscaecon/stat…
In 2020 a poll by @pewresearch found that about two-thirds of adults on Taiwan now identified as purely Taiwanese. About three in ten called themselves both Taiwanese and Chinese. Just 4% called themselves simply Chinese.https://t.co/6gmKHZJMht https://t.co/uznjCaQvgj
“On june 29 1950 the uss Valley Forge, flagship of America’s 7th Fleet, passed through Taiwan Strait. A battle group defended her flanks, America’s first naval jets sat in her hangar. A new vision of American-dominated Asian security unfurled in her wake.” economist.com/briefing/2021/… https://t.co/wAcY2OJWp2
Building an entry-level chip factory that produces 50,000 wafers per month costs about $15 billion. Most of this is spent on specialized equipment—a market that doubled to $60 btw 2015 and 2020 as latest generation of chips came into production. bloomberg.com/graphics/2021-… https://t.co/SNp4yUIkk4
Under AMLO the Mexican military hold more sway the at any time since the end of Mexico’s military-led government in the 1940s. economist.com/the-americas/2… https://t.co/O49WVf4S0o
US trade deficit ex petroleum reversed in 2007. Then, from 2013 it gaped ever wider. In 2020 it surged. thedailyshot.com/2021/05/05/boo… https://t.co/6TpnFB3kXf
"Given that the macroeconomic costs of a low-carbon electricity transition are modest, it is striking that current policy action and plans for the phasing out of coal generally fall short of what is needed to avoid irreversible climate damage” @IMFNews imf.org/en/Publication… https://t.co/HhCDCFHgrl
Senegal is desperately short of finance. Around 40% of firms say access to cash is their biggest obstacle, compared with 14% in the rest of the world. Across sub-Saharan Africa it is businesses’ largest problem. economist.com/middle-east-an… https://t.co/BAcMXf2uV4
Individual transistors on modern chips are many times smaller than a virus. Just one speck of dust can cause havoc and millions of dollars of wasted effort. To mitigate this risk, chipmakers house their machines in rooms that essentially have no dust. bloomberg.com/graphics/2021-… https://t.co/uUYzRGIXo5
On April 25th fighting broke out in Mogadishu, highlighting once again Somalia’s precarious and dangerous instability. Useful map this from @TheEconomist economist.com/middle-east-an… https://t.co/tsUa8Y9mRB
US nominal GDP coming back far faster than employment. GDP deflator has popped as well. @SoberLook thedailyshot.com/2021/05/05/boo… https://t.co/EbyKuzvctn
Frontex, EU’s border enforcers, the first to wear EU uniform, will receive €5.6bn in EU’s budget for 2022-29, Up from only 100meuro pa as recently as 2014! economist.com/europe/2021/03… https://t.co/BJedA5BUHC
"Whereas tightening in environmental policies and rising oil prices contributed to boosting clean energy innovation up to 2010, expansion of clean innovation has stalled since then.” reversal of regulatory tightening & shale boom are to blame. @IMFNews WEO imf.org/en/Publication… https://t.co/3rUUPTgFxY
Intel’s first microprocessor—the 4004—was released in 1971: 2,300 transistors of 10 microns 10 millionths of a meter. Intel’s undisputed leadership ended 2015 when rivals TSMC and Samsung started building chips with transistors of 5 nanometers bloomberg.com/graphics/2021-… https://t.co/DO8ul8TApx
RT @TimDuy: My hot take on the April numbers: The only thing I am sure about is the Fed will read this report and see no evidence of overhe…
Chip-n-saw: Modern saw mills slice 3/4 of a tree into planks, and chop the rest into chips for wood-based composites. Technology works best on trees with a diameter of 25cm v. 40cm for traditional bandsaws -> trees can be felled 20-30 years earlier. economist.com/business/2021/… https://t.co/Xf5rHmmELG
Maritime choke points through which global trade passes. @VisualCap via @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/qaA7tcYWJ7
@Menloferry @ianmking @ad_leung @pogkas Sure … but given all of that, the gee-whiz stuff helps explain why we cant easily fix the mess we are in! The question the article asks and compellingly answers is why we cant simply make more.
Are they out of their minds?????!!!!!! Folks should be held accountable for the lethality of this. twitter.com/alexandreafons…
RT @JustinWolfers: U.S. payrolls grew by +266k, which would be fabulous in normal times, but is utterly disappointing at a moment in which…
“It’s not rocket science—it’s much more difficult!” Why we can’t just manufacture more chips. Nvidia’s GeForce RTX 3090 squeezes 28.3 billion Transistors into a Total chip area: 6.28 cm² H/t @noahsalz bloomberg.com/graphics/2021-… https://t.co/IJZQmVBB0h
With China set to import more steel than it exports in 2022, it is Indian producers who have stolen a march on rest of global competition. economist.com/business/2021/… https://t.co/CleyubnvGc
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