ADAM TOOZE

How "intellectual capital was built and sustained in the second half of the twentieth century …” This essay about compiling the ultimate Eric Hobsbawm bibliography is really interesting. By @emile_chabal Anne Perez jacobinmag.com/2021/04/eric-h… https://t.co/TyyhvKfSOa

Hong Kong’s suffered five quarters of recession 2019-2020 thedailyshot.com/2021/05/04/tre… https://t.co/kjSSa3LnT9

When the pandemic has passed, the Indian retail market is expected to surge. Who controls the supply chain and what role tiny kirana micro-stores play in the process will be decisive not just for commerce but for society. ft.com/content/2784a1… https://t.co/ihEQzV4YYt

In 2000 US corporate investment in tech was half that in structures. Today it is twice that in structures. reuters.com/business/stick… H/t @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/wBNuh1c5Gg

Two key facts about global climate politics highlighted by @martinwolf_ There are a. HUGE gaps in emissions per capita but b. OVERALL growth in emissions will be driven by large emerging economies. ft.com/content/3fa154… https://t.co/tkc79Wt2Mo

@maxrodenbeck Im not asking whether the Indian number should be larger. Clearly it should be. Im asking why the EU number is as large as it is relative to its own trend and the US.

India has other worries right now, but the battle for Econ advantage never sleeps. India’s retail market currently $793bn could be $1.5tn by 2030. Served by 20m kiranas (bodega-style) mini stores = 88% retail turnover. Who supplies them controls retail. ft.com/content/2784a1… https://t.co/IZveYM2pPI

With the replacement of the US by India as a key driver of COVID mortality, the pandemic is entering a third phase. Persistence of European deaths at around 2850 per day is remarkable. When will those finally come down? ft.com/content/a2901c… https://t.co/cwaSbDEh2p

"Germany is to raise its target for reducing carbon emissions by 2030 from 55 per cent to 65 per cent, after the country’s supreme court said its previous climate goals were not ambitious enough.” ft.com/content/75956e… https://t.co/vjtdlNAK51

Remarkably South Korea’s exports of goods and services match its private consumption as a source of aggregate demand. @Birdyword wsj.com/articles/asias… https://t.co/V5KClt6waC

RT @hktg13: India share of seafarer ~15%, significantly above its share of global merchandise exports (<2%) twitter.com/adam_tooze/sta…

It seemed clear that Asia had “won” COVID. But now: Covid still a major threat. Low down in vaccine list. Recovery in services rather then manufacturing leading way, strong $ squeezing EM borrowers -> predictions may not be robust. ft.com/content/a8b924… https://t.co/o22u6wdJkj

“G7 can agree with Blinken’s characterisation of relations with China that are competitive, sometimes adversarial, and on climate change necessarily collaborative.” Actually, that’s the EU’s oft-derided 2019 characterizations. Team Biden learning fast! ft.com/content/bd980c… https://t.co/nVVCPZ700z

A senior US official exclaimed the G7 represented “the most like-minded group on the planet”. What could possibly go wrong! ft.com/content/bd980c… https://t.co/DIHGDm9ayA

If I read this graph correctly, it tells us that spending on tech capital i.e. hardware and software, having increased more than tenfold over last 20 years now accounts for 39% of US overall Capex. @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/j1AdfsIS5F

@Marcus_Ehrlich @TheEconomist You split components of military spending out and compare like for like.

India’s huge wave of Covid-19 infections hits global shipping industry. About 240,000 of c. 1.6m seafarers globally are Indian. Crews sick, vessels immobilized and ports deny entry. US has shots to vaccinate entire global workforce in a morning! ft.com/content/cf40d7… h https://t.co/E9YKHkpUKZ

Biden admin’s shift to backing suspension of COVID vaccine IP protection puts the ball in the court of EU, Switzerland and UK who have all resisted any such move. ft.com/content/eca86f… https://t.co/Hhx6jJ8ud3

RT @GerryHassan: The new edition of Tom Nairn’s classic The Break-Up of Britain just out & published by @VersoBooks. I had the privilege of…

RT @DEHEdgerton: "Airfix Patriotism" – great phrase – luckily doesn't appeal to the under 55s (?) nor do they know what it even means! http…

RT @TheBishF1: #AnorakFact: for years Leslie Marr painted landscapes on the Isle of Arran, & all over the UK too, before retiring to Norfol…

@PHonohan @NilSantianez Hi @PHonohan thank you again for recommending that I start with Grossman’s Stalingrad before proceeding with Life and Fate. What a read. Clearly setting the stage for L&F. Really in your debt. Magnificent book.

RT @MarketUrbanism: Who's writing and thinking about how expensive lumber will change the US construction industry? Prefab seems like an ob…

@jhv85 You most welcome. Thank you for so many important reviews over recent months. Your reading list is enviable!

RT @Matthuber78: .@adam_tooze gets to the crux of Biden's climate plan. "You are betting on capital…you're gambling that there is…wit…

RT @aspeciale: Some memories of old trips: Zurich… #Napoleon #Napoleon200 https://t.co/WRy4qinK38

Earlier today I innocently tweeted out a fantastic map from @SoberLook about a land route from the Cape to Siberia. I didn’t realize that Magadan as a terminal point was a key location in the history of Stalin’s gulag system. Thanks to @osteuropa_hsu for pointing this out! https://t.co/sr8td5Kd6H

RT @jendeben: NEW: After months of consultations, the Biden team has decided to back a proposal to waive IP protections for Covid-19 vaccin…

The idea of marching from Capetown to Magadan has struck a chord. But as @osteuropa_hsu points out Magadan is an unfortunate destination = transit hub for Stalin’s labor camps and a brutal forced-labor gold-mining operation. Better to head the other way! nytimes.com/2020/11/22/wor… https://t.co/twQCkSacVV

RT @arun_42: @adam_tooze @SoberLook @adam_tooze , you may find this interesting. Having started out from Ethiopia this journeyman is curren…

US construction sector marked by divergence btw roaring residential construction and slump in nonresidential/commercial and public construction spending. @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/lYOrJs4mja

US supply chains are under significant stress: backlogs of orders and customer inventories are at record levels. thedailyshot.com/2021/05/04/tre… https://t.co/ugdu7WlySa

Taxes on capital raise revenue of 5% GDP in the US v. 5.8% for @OECD average. But US taxes concentrate on property v much lower corporate tax. Other taxes lower -> capital taxes matter more in US. @spencerbastani @daniwaldenstrom cited in @TheEconomist economist.com/finance-and-ec… https://t.co/UOmCcfl9dh

RT @DanielaGabor: take Zambia – agreed to pay two private renewable energy companies a fixed solar tariff of 6.015 cent/kWh for the next 2…

How much will Biden’s capital tax proposals increase revenue from capital? Penn-Wharton budget model suggests $113bn over ten years from capital gains and $1trn from corporate tax = 0.4% of projected gdp. Hardly a revolution! economist.com/finance-and-ec… https://t.co/34Imkgsr9y

Top notch @TheEconomist explainer on how economists have evaluated impact of historic infrastructure programs in the US, notably railways and interstate system. Has anyone estimated net impact of Biden plan on stock of public assets in the US? economist.com/finance-and-ec… https://t.co/FKGppDSZmU