ADAM TOOZE

RT @darrenrovell: A pair of scissorhands from the movie “Edward Scissorhands” sold for $44,800 yesterday in @JuliensAuctions sale https://t…

We talk a lot about Wall Street speculation, but then you learn about someone who loses $2.2m betting on a horse and it just blows your mind. twitter.com/darrenrovell/s…

RT @darrenrovell: Money bet on the Kentucky Derby (all sources), Top 5 Years: 1. $250.9 million (2019) 2. $233 million (2021) 3. $225.6 mi…

RT @Jonnelle: Also, just received dose numero dos! Planning for a day of rest and TV tomorrow. They had live music at the Javits center, wh…

In the early 1970s the average size of American farms plateaued. In the half century since, farm output doubled. thedailyshot.com/2021/04/30/us-… https://t.co/7j84UZ0MZ4

Thirty years from now, India’s population will likely peak 300 m above that of China. At that point Nigeria’s population will likely have overtaken that of the US. The drama of global demography is far from over. thedailyshot.com/2021/04/30/us-… https://t.co/m72BtfidQa

The richest 1% of US households own 53% of all equities and mutual funds held by American households. The richest 10 % own 87%. thedailyshot.com/2021/04/30/us-… https://t.co/tMSfba0pLk

Amongst the very largest Chinese firms in the Fortune 500 the revenues earned by SOE entirely dominate. bruegel.org/wp-content/upl… https://t.co/o1EWo5Hqpf

No trade? No vaccine. @OECD slidedeck on the complex pattern of trade that underpins vaccine production and delivery a.storyblok.com/f/81332/x/2bcd… https://t.co/ItfkwHvSRb

Since 1990, China’s energy consumption has increased fivefold. There was a huge surge from 2000. thedailyshot.com/2021/04/30/us-… https://t.co/9nnhNwG7AQ

“In the new normality, we will probably read every couple of weeks in the papers about a small outbreak brought under control. And we will get used to new normality, and all the intense emotions that came with Covid will be forgotten.” Ugur Sahin BioNTech ft.com/content/7453f1… https://t.co/rmQjp5eCJ3

Private capital accounts for 40% of assets of largest Chinese firms. Of the $5 trillion in private assets, $2 trillion are in real estate. $900bn in consumer. bruegel.org/wp-content/upl… https://t.co/y8hQNoPhnJ

Copper, the world’s most important industrial metal, has traded above $10,000 for the first time in a decade as the rebound from the pandemic unleashes a surge of demand both from China and the developed world that could not be matched by supply ft.com/content/32a84c… https://t.co/h0TKdKPycr

The surge in Chinese lending has transformed the balance of financing for developing countries. bloomberg.com/news/articles/… https://t.co/Io07MIbswK

"If one or two pieces in the complex interlocking system of R&D, IP, knowhow, procurement, regulation, production and trade policy stop functioning, the whole system starts to malfunction.” @alanbeattie on a vaccine patent waiver that might be worth a shot ft.com/content/b3c2ae… https://t.co/XUOfMj5FQi

World’s top 100 non-financial multinationals ranked by foreign assets appear rather different than if we rank them by stock market valuation. US dominance far less pronounced. European firms far more prominent. bruegel.org/wp-content/upl… https://t.co/G0SCfa4gdW

Vaccitech, the company that owns the technology behind the Oxford/AstraZeneca coronavirus vaccine, co-founded by Oxford scientists, goes public with a valuation of $464m: “As they say in biotech, take money when it’s available”. ft.com/content/031b16… https://t.co/eLGp2hEJu0

Interest payments on public debt consume almost 30% of revenue from India’s narrow tax base. @SoberLook thedailyshot.com/2021/04/30/us-… https://t.co/jjWOIox8vd

Novogen White: genetically identical hens, special breed of commercial layer, engineered by French company Novogen. Raised in isolated biosecurity sheds these hens lay so-called specific pathogen free eggs = substrate for vaccines. Amazing photos D Szalai. ft.com/content/801690… https://t.co/2bNiiX6ql9

In 2019 the number of Chinese firms in the Fortune 500 overtook the number of American for the first time. bruegel.org/wp-content/upl… https://t.co/yKCtUkoMJR

Not news but can’t say this often enough: The meat and dairy industries are serious contributors to global warming. They account for about 14.5 per cent of global greenhouse gas emissions, according to the UN’s Food and Agriculture Organization. ft.com/content/860107… https://t.co/WpREMFDWYO

Large Chinese firms derive on average only 10% of their revenue from overseas. Semiconductors and IT are the only sectors with much higher shares. @Bruegel_org bruegel.org/wp-content/upl… https://t.co/Ju3VhWjZLo

Why is America not exporting vaccines? 1. Political decision. 2. DPA: requires US orders to be met 1st. 3. Liability clause that bars US gov from exporting doses it has bought from US manuf to shield v. liability. 4. Know how on mRNA production ft.com/content/82fa8f… https://t.co/3ap2Yx3i33

Regional unemployment numbers give a sharper picture of Europe’s labour market problems. In Greece and Spain unemployment is a national problem. Italy is extremely polarized with Northern regions having lower rates than most of France. thedailyshot.com/2021/04/30/us-… https://t.co/Dm82J03a2g

“We will become an arsenal for vaccines for other countries, just as America is an arsenal for democracy for the world . . . [But] every American will have access before that.” Joe Biden. That was not FDR’s policy from 1940-> ft.com/content/82fa8f… https://t.co/xb2vBn4K05

The breakdown of Italy’s NextgenEU program closely follows the template negotiated with the Commission. Behind the scenes a lot of “coaching" is going on. thedailyshot.com/2021/04/30/us-… https://t.co/CJTpRMzUE9

Carry on! … or … Get on with it. The inscription on Herbert Marcuse’s gravestone. twitter.com/FJ_Murau/statu…

Long rates of both Dutch and German bonds have popped up from deeply negative to slightly less negative levels. thedailyshot.com/2021/04/30/us-… https://t.co/MCN2xd0pbR

RT @DuncanWGaming1: Tipu Sultan: early wargamer. (From Parker’s Military Revolution). https://t.co/mhiEZTp20x

RT @zeithistoriker: Got to love the frankness about the way America rules here https://t.co/qBRFE9UQkD

RT @njtmulder: "Given that current attempts to increase renewable production and curtail emissions are not substantial enough, the serious…

Apropos US corporate power. According to @IIF estimates, US corporations enjoy more pricing power than their global competitors. @SoberLook thedailyshot.com/2021/04/30/us-… https://t.co/H5OguQUpYv

"renewable power is struggling to grow at anything like the rate required to make the EU’s ambitious targets a reality.” -> power gap for EV and for hydrogen production. Does of pessimism from Weale of CURE Bochum. ft.com/content/32b19b… https://t.co/nXQYXL4Ke8

How Biden’s spring bloom might blossom into the summer boom of 2021. @OxfordEconomics via @SoberLook thedailyshot.com/2021/04/30/us-… https://t.co/E0HDZKH7z4

"Miami-Dade County, the densely populated coastal region of Florida on the climate change frontline, will on Friday name Jane Gilbert as the world’s first chief heat officer.“ ft.com/content/15d8f2… https://t.co/qOIL8I49kR

US consumer rebounded strongly in Q12021. Grist to @Claudia_Sahm mill. @SoberLook thedailyshot.com/2021/04/30/us-… https://t.co/InveUfggUB