February 16, 2021
For some perspective on the $15/hour proposal, average hourly wages across US economy from @BLS_gov https://t.co/ut17IoWFSv
For some perspective on the $15/hour proposal, average hourly wages across US economy from @BLS_gov https://t.co/ut17IoWFSv
Greening global steel production affects 1/4 of total industrial CO2 emissions. It is a problem the size of India. ft.com/content/46d472… https://t.co/55gtOj9X0N
In 2020 NYC shed 578k jobs. 223k in leisure and hospitality. Employment level down 12.5% at end of year. NO V-shape! @BLS_gov bls.gov/regions/new-yo… https://t.co/Z9tUL6gegH
Even with Dec 2020 life support US public transit agencies face a projected shortfall of $39.3 billion through the end of calendar year (CY) 2023 @APTA_Transit apta.com/wp-content/upl… https://t.co/5Nhswmp6qK
RT @MFratzscher: Output gaps are huge, and much larger in Europe than in the US. Yet Europe is a lot more timid on fiscal policy, which doe…
RT @heimbergecon: Paul Krugman refers to the Campaign Against Nonsense Output Gaps, pointing out that Goldman Sachs is also arguing that th…
RT @Meg_Cramer: In 1913, New York City employees made giant charts with statistics about city management and literally put them on parade.…
Germany would require additional renewable power equating to about 20 per cent of its current electricity consumption to convert its steel sector to DRI based on green hydrogen ft.com/content/46d472… https://t.co/cKJOPHT9TO
Steel prices in the US have doubled in last 6 months along with lumber prices too. Gotta be painful for construction. One for @SoberLook ft.com/content/46d472… https://t.co/kw9fz6uwAS
“In 2018, around 1,800 NYC households earned more than $10 million, and they paid $2.1 billion in local income taxes, nearly a fifth of the total.” = tax revenue that is highly vulnerable to relocation. @riceid nymag.com/intelligencer/… https://t.co/XpjrYhH8eD
Will Covid be the end of the iconic NYC yellow cab? At end of 2020 in recovery folks were taking less than 50k rides per day! comptroller.nyc.gov/newsroom/new-y… https://t.co/adZNDLOmEu
"The Biden administration is making the case that the stimulus plan is an extension of the “high-pressure economy” Janet Yellen advocated in 2016, when she chaired the Federal Reserve” @ChrisGiles_ will that come to be seen as the turning point pre-Trump? ft.com/content/49ca17… https://t.co/aBEhgT15h9
RT @NatCounterPunch: A report advocating rocket propulsion by nuclear power for U.S. missions to Mars, written by a committee packed with i…
Blair/Brown New Labour Govs in UK, commonly described as neoliberal, boosted public spending at rates far faster than those seen on average during postwar period commonly labeled as that of “Keynesian welfare state”. H/t @meadwaj @JohnRentoul https://t.co/0bkseS1Dlq
Low carbon emission steel involves "moving away from a principle for turning rock into metal discovered in the iron age, with “clean” hydrogen gas as a new alternative energy source.” Love this long duree take by @Michael_Pooler ft.com/content/46d472… https://t.co/qoqzKM015p
"Unlike most sovereign wealth funds, which manage a country’s surplus reserves, Indonesia is seeding new vehicle with up to $6bn while looking to raise funds from international investors for what President Joko Widodo said could become a $100bn fund.” ft.com/content/3a8a4a… https://t.co/SefPbHPMBh
The official unemployment rate in the Bronx in Dec 2020 was 15%! @BLS_gov bls.gov/regions/new-yo… https://t.co/zn4SyHkRua
"Since a method for inexpensively mass producing the iron alloy steel was developed by English inventor Henry Bessemer in the 1850s, a sprawling industry has grown which today turns over $2.5tn and employs millions of people.” @Michael_Pooler ft.com/content/46d472… https://t.co/zhL3ciPXXc
“discovery performance units” – how the scientific head of Trump’s Operation Warp Speed is planning to dynamize a European biotech conglomerate. ft.com/content/6bcaf6… https://t.co/lIi5OBDneF
“China today generates about 2 tonnes of CO2 for each tonne of steel it produces, while in Europe you usually only generate one tonne” -> carbon pricing and carbon border adjustment apply heavy pressure to this. ft.com/content/46d472… https://t.co/6N5Hy856vk
First Italian Treasury auction under Draghi attracts record demand. UniCredit strategists are also forecasting Italy’s premium over Germany to narrow to 75 basis points, bloomberg.com/news/articles/… https://t.co/8NNECWQ75r
This image of what appear to be protests against food prices in NYC in 1970s gets recycled again in @ChrisGiles_ piece about Biden stimulus/inflation. Anyone know the background on these protests? Was it about food in particular? Or inflation in general? ft.com/content/49ca17… https://t.co/Kn8zNzXlyb
RT @ed_hawkins: 83 years ago today, @GuyCallendar #CallendarDay https://t.co/yxrJLt2ujn
Why the three biggest vaccine makers failed on Covid-19. GlaxoSmithKline, Merck and Sanofi are left playing catch-up to upstarts with new technology and why that matters for vaccine capacity. @hannahkuchler @labboudles ft.com/content/657b12… https://t.co/8IKC7qI1eC
"Two of the biggest banks on Wall Street are calling a new “supercycle” in oil, with JPMorgan Chase and Goldman Sachs both predicting prices will soar when the pandemic abates.” How will that change the decarbonization debate? ft.com/content/f87ce1… https://t.co/NRWYFMcosB
Well there’s an interesting new French word … “islamogauchisme”. twitter.com/EtienneBaldit/…
RT @SeaPowerCentre: Navy slang: “Slush Fund”-the slush was the fat or grease skimmed from the top of the 🛢️cauldron when boiling salted 🍖🥓m…
RT @meadwaj: Deeply saddened this morning by news of the death of Ed Rooksby. I met Ed in 2005, when he was a prolific blogger – part of th…
EU’s stimulus falls far short out output gaps. @RobinBrooksIIF cited by @ChrisGiles_ ft.com/content/49ca17… Adding weight to argument of this @socialeurope column from a few weeks back. socialeurope.eu/europes-long-c… https://t.co/OAZHJ3Lmqn
RT @GChamedes: @adam_tooze Also: I would *love* to see a history of the Cristero conflict's global repercussions on the hist of anticommuni…
RT @daniel_dsj2110: Aron’s memory in his memoirs is rather spotty. He repeatedly said in the 40s and 50s—most notably in Opium of the Intel…
“the epistemological questions that had excited me before 1939 barely interested me in 1945.” Raymond Aron Memoirs https://t.co/m4eMP94qHs
RT @KeineWunder: Von Überhitzung kann Europa natürlich nur träumen, wie vorige Woche Unicredit-Chefvolkswirt Erik Nielsen schön gezeigt hat…
RT @heimbergecon: The fiscal response to the COVID19 crisis has been much smaller in the Eurozone than in the US. It's striking that there…
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