September 24, 2020
RT @hshierholz: Another 1.5 million people applied for unemployment insurance (UI) last week. That includes 870,000 people who applied for…
RT @hshierholz: Another 1.5 million people applied for unemployment insurance (UI) last week. That includes 870,000 people who applied for…
RT @byHeatherLong: BREAKING: 824,452 Americans applied for *new* unemployment aid last week, signaling layoffs are still happening. An add…
RT @PPassagen: …dabei kann man in B-Malls ganz wunderbar den Tag verbringen: "All in all, as many as 25,000 stores could close in the U.S…
RT @oliver_brennan: @adam_tooze Ironically it's because Swiss is a big pharma exporter to US – 12m trade surplus rose above $20bn in Feb. (…
More than 300 malls in the U.S. are categorized as B malls = "The 3rd best mall in a 5 mall town”. 4 anchors. Couple of chain restaurants. Too many vacancies. Dodgy prospects. You almost certainly know one. For how much longer? Great piece this! bloomberg.com/graphics/2020-… https://t.co/s1bKzC6o7f
“It is fair to criticize the ECB for failing to act last week, but the reason cannot be the exchange rate. The euro zone would be in a very lucky position if a strong euro were its primary concern.” Delighted to find agreement with @FerdiGiugliano bloomberg.com/opinion/articl… https://t.co/7f0tmV49Z4
Oil delivered hit to Russian economy, but 2020 contraction no worse than in US. Helps that services and small businesses, sectors that were hit hardest by global lockdowns, play a relatively minor role in Russia’s total output. @AndrianovaAnna Pismennaya bloomberg.com/news/articles/… https://t.co/2nza7LyPbQ
China’s Sinovac pledges that Brazil, Indonesia and Turkey, where its Phase III trials are running, will get its coronavirus shots at the same time as China. bloomberg.com/news/articles/… Now that’s what you call vaccine diplomacy. A piece in @ForeignPolicy foreignpolicy.com/2020/09/19/the… https://t.co/SfGxfule7j
Fancy owning a Tyrannosaurus Rex? “Stan,” a 67 million years old specimens is for sale at @ChristiesInc Expected to fetch between $6 million to $8 million. Stan’s skeleton stands at 13 feet high and 40 feet long. Comprising 188 original bones artnews.com/art-news/marke… https://t.co/LR9DUr3mKi
RT @TheStalwart: The number of permanent small business closures in the US just continues to rise, while millions of people remain out of w…
"ECB proves that it still has weapons with TLTRO take up of 174.5 bn euros in another dose of ultra-cheap funding for Europe’s banks. ECB giving them every possible incentive to keep lending to the pandemic-stricken economy.” @Skolimowski @highisland bloomberg.com/news/articles/… https://t.co/S90HPNSw2f
Apparently under US pressure, Swiss National Bank agrees to publish more data on currency interventions. Will that give traders advanced warning & undermine credibility & thus effectiveness of its interventions? bloomberg.com/news/articles/… https://t.co/TLTn1PCfVs
Too big to fail? Evergrande’s world’s most indebted property developer has warned Chinese officials it faces a potential default that could roil the nation’s financial system unless regulators approve the company’s long-delayed stock exchange listing. bloomberg.com/news/articles/… https://t.co/HboQQMy5Ks
Brooklyn Museum in New York is selling 12 works from its permanent collection at Christie’s to raise capital for the maintenance of its collection. The list includes a Cranach. @artnews artnews.com/art-news/marke… https://t.co/ITWxZ01KMM
@nikhil_palsingh Hi @nikhil_palsingh I noticed this. My followers suddenly dropped and then I saw you refollowing and thought … you and I have been following each other for as long as I can remember. Very weird.
1870: Brochure published within days of German encirclement of Paris, apparently to demonstrate the strength of the formidable defenses of the city. twitter.com/Krieg7071/stat…
A “massive and very complex logistical and production operation to get that vaccine in sufficient scale into people’s arms.” @ThePlumLineGS devastating on why an “October surprise” may be more than Trump can handle. washingtonpost.com/opinions/2020/… https://t.co/vStOGvNcpg
Protecting the sewershed (sic) Advanced technologies can convert raw sewage (left container) into drinking water (right container) by removing the vast majority of pollutants (center container) in the process. Poop & pee are not the main problem! science.sciencemag.org/content/369/65… https://t.co/Kw4l66ysL0
On a per-capita basis, UK has built largest & most diversified vaccine portfolio: 5 doses per citizen spread across 6 leading vaccine candidates. Great explainer by @AnnaSophieGross @ian_bott_artist ft.com/content/e50128… https://t.co/DPnRvLkskv
The surprising thing about COVID vaccine race is not how much rich countries have spent, but how little. Facing a multi-trillion dollar crisis, spending comes to only $25bn ft.com/content/e50128… I argue here, that we need a much bigger pipeline! foreignpolicy.com/2020/09/19/the… https://t.co/g7Mp1XcS6X
Non-china, oil-importing EM all saw their trade deficits swing to surplus in March 2020. Follow @Brad_Setser for the global picture. cfr.org/blog/return-bi… https://t.co/WwaauwdLmV
COVID shock -> compression of most trade deficits -> Picture of global trade in goods is dominated by ONE big net importer, the US, and China as big net exporter. Euro Area surplus is still there but minor by comparison. @Brad_Setser cfr.org/blog/return-bi… https://t.co/NlTBUfIPvN
For all the talk of Sino-American decoupling, the broad pattern of global trade—at least the unbalanced bit of global trade—is remarkably simple right now. China Surplus (plus a few other smaller Asian exporters) & US deficit @Brad_Setser cfr.org/blog/return-bi… https://t.co/6JFkmOIN32
“What we really want from a vaccine is to stop people being admitted to hospital, going to intensive care and dying,” Exceptional explainer by @AnnaSophieGross @ian_bott_artist ft.com/content/e50128… https://t.co/s6jQBHrW6N
Of Indonesia’s huge population of 270m+ World Bank classifies about 52m as “economically secure”. The other 80 per cent of the population live closer to the edge, scraping by as subsistence farmers, informal construction workers and food-cart operators. ft.com/content/322c7f… https://t.co/a8PWQw4p2u
Through 2016 Brazil saw a steady rise in inflation. Since then the trend has reversed. @MacrobondF via @SoberLook https://t.co/eLBkZVzQhV
"One silver lining of the pandemic for Indonesia is that it may prompt President Widodo to abandon the plans for a new capital, dubbed “Jokopolis” by his critics. His government has said the project is on hold for now.” @benjaminbland ft.com/content/322c7f… https://t.co/Crx8zVRUuQ
RT @CT_Bergstrom: 1. Three weeks ago, everyone was bashing the University of Illinois for having the audacity to run an in-person semester…
Amongst big carmakers VW is leading charge. Will spend $71bn by 2025 on EVs and digitisation. Carmakers typically develop 2-5% of software in-house. In an effort to reinvent itself as a software company, vw wants to boost its share to 60% by 2025. economist.com/business/2020/… https://t.co/yc6qS0eWji
Nigeria with 200 m people and Africa’s largest economy seems to be sliding towards stagflation: accelerating inflation coupled by fears of recession -> lower interest rates. @SoberLook https://t.co/iJFMs4tdTH
Indonesia’s population of 270m + is rapidly growing. Government has ambition to make it #5 economy in the world. Covid has inflicted the first recession since the traumatic crisis of the late 1990s. ft.com/content/322c7f… https://t.co/cwWEVxOCNX
This looks like a fabulous program of talks at @KingsCHoSTM twitter.com/KingsCHoSTM/st…
RT @lisaocarroll: NEW Gove confirms a de facto internal border in Kent – rephrasing previous tweet (this is something transport industry be…
The EV-industrial complex is coming: 60% of big car firms’ R&D is now EV up from 5-10% in 2012. @MorganStanley thinks carmakers will invest $500bn in evs by 2025. Over 250 firms are making electric motors. 47 battery factories are under construction. economist.com/business/2020/… https://t.co/bgncjpQADF
The outbound section of Shanghai’s container port is really humming! @SoberLook China’s exports are up! https://t.co/zalVWpv8pX
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