ADAM TOOZE

Nearly 20% of world’s 1.6 million seafarers are stranded at sea and at the mercy of employers and shifting quarantine requirements to get them home. It is up to ship owners & governments to take responsibility. But who will? bloomberg.com/features/2020-… https://t.co/FitGfgQGGq

EM & frontier economies are recovering at different speeds from corona shock. Scoring 75 economies, Bloomberg finds Asia leads. Latin America is still struggling to contain the pandemic -> 18 of bottom 25 in LatAM or Carib. India is the other BIG worry! bloomberg.com/news/articles/… https://t.co/C7lklUXs7X

16-year-old Sichuan youth Deng Xiaoping, in Paris to work and study in 1921. He joined CCP in France, where he met Zhou Enlai. After he returned to China in 1927, he was given a key position in the CCP. thinkchina.sg/photo-story-di… https://t.co/jhu7DMwVKN

The U.S. is emerging as an early favorite in the all-out showdown to rekindle inflation in the world’s major economies -> debt market inflation expectations in the US are moving decisively ahead of those in Europe and Japan. @johnainger bloomberg.com/news/articles/… https://t.co/owPm5mjYx9

On or around this day in September 2020 we topped 30 million confirmed coronavirus cases worldwide. Deaths heading towards 1 million. bloomberg.com/news/articles/… https://t.co/9NNVGG1Ph9

Liang Jun qualified as China's first recorded female tractor driver in 1948. 21 years later her iconic image graced the 1-yuan note of late Maoist China. maoeraobjects.ac.uk/object-biograp… https://t.co/OKp10nptCf

“His Serene Highness (sic) Prince Michael of Liechtenstein” speaks to @palladiummag about "small states and long-term elites”. Oh come now … dont pretend you aren’t the tiniest bit curious. Serene Highness … long-term elites. No? Really? palladiummag.com/2020/09/15/dig… https://t.co/GnK3TCQD3f

Indonesia’s central bank initiated bond purchases in April to replace exiting foreign investors and help finance deficit. Now government is proposing a new monetary policy cttee headed by ministry of finance. Opening of new era in EM monetary policy? lowyinstitute.org/the-interprete… https://t.co/TlJ03d1fpI

"His new job: to research and define Xi’s approach to governing the country and put it in a digestible form for 90 million members of the party’s rank and file to absorb and apply.” How Xi Jinping thought was created. scmp.com/news/china/pol… https://t.co/XDunzPDbKr

Interesting article by @JLeeEnergy on politics and history of output restriction in OPEC. bloomberg.com/opinion/articl… https://t.co/TJbkwGnRwO

Apart from industry/consumption a second major divide in China’s economy right now is btw investment in SOE (growing) and private economy (still contracting). Data from @SoberLook https://t.co/i4wxwdHUNY

China’s economy right now is experiencing a divided recovery: A return to 6% yoy industrial growth and retail sales that have just crept back to the level they were at least year. @SoberLook https://t.co/ZsMKIqFPKd

Going backwards: Europe’s air traffic control agency is no longer expecting a major recovery in flying in the autumn of 2020. bloomberg.com/news/articles/… https://t.co/SimM8TDx7y

The surge in exchange intervention by the Swiss National Bank in 2020 has been remarkable. Buying mainly euro. Data by @SoberLook https://t.co/b1g614jTcf

Interesting article by @JLeeEnergy on politics and history of output restriction in OPEC. bloomberg.com/opinion/articl… https://t.co/seXPDB3UD2

Apart from industry/consumption a second major divide in China’s economy right now is btw investment in SOE (growing) and private economy (still contracting). Data from @SoberLook https://t.co/zzoNXihHOV

China’s economy right now is experiencing a divided recovery: A return to 6% yoy industrial growth and retail sales that have just crept back to the level they were at least year. @SoberLook https://t.co/66GVC6NIms

Going backwards: Europe’s air traffic control agency is no longer expecting a major recovery in flying in the autumn of 2020. bloomberg.com/news/articles/… https://t.co/kCzb2FjoB7

The surge in exchange intervention by the Swiss National Bank in 2020 has been remarkable. Buying mainly euro. Data by @SoberLook https://t.co/1ng59EF91W

Latest batch of COVID data from @OurWorldInData is an essential reference. Highlights the significance of the Spanish surge. Relative to population it is currently the most severe in the world (assuming you believe the testing data). ourworldindata.org/coronavirus-da… https://t.co/LdjIgOA936

In the Franco-Prussian war, telegraph communications became crucial -> Germans use Uhlan cavalry to cut off French telegraph lines and isolate Paris. @Krieg7071 https://t.co/3XAP291zsP

The American and European COVID epidemics are reconverging. A new stage? @NordeaMarkets via @SoberLook https://t.co/uAs7W4YCV2

Unlike in 2008 the global shipping industry has managed the demand shock shock of 2020 largely by cutting the number of sailings -> prices & profits have held up thanks to the new oligopoly. @WSJ via @SoberLook https://t.co/Kh42m0EyWb

RT @karl_jacoby: @adam_tooze @NPR They have been experimenting with this technology along the US-Mexico border, too.

Well this is quite the story coming from an impeccable source like @NPR twitter.com/NPR/status/130…

RT @oikeios: @adam_tooze Parenti and I are using it in ways different ('tho compatible) from Foucault (and B&F): see also Parenti's Radical…

@musher_usher @BrankoMilan Benefits.

Intercourse between nations spans the whole globe to such an extent that one may almost say all the world is but a single city in which a permanent fair comprising all commodities is held, GEMINIANO MONTANARI (1683) Milanovic, Global Inequality (p. 10). https://t.co/QqzyU9sktM

Inequality is a political choice: Germany’s market income inequality has increased sharply & is greater than in USA. Tax is similarly progressive in both countries. But cash social transfers are far more progressive and generous in Germany. @BrankoMilan Capitalism Alone, p. 38 https://t.co/8svXJ7yftC

@AndrewWattEU @SDullien @IMKFlash @Chris_ptz Aber Frankreich und Spanien landen vermutlich > 120% BSP

LG Chem the premier battery supplier to Tesla & GM has Won150tn ($125bn) — or about five years’ worth — of orders on its books. ft.com/content/0b8e0c… https://t.co/HS5Llq8mfj

"Chinese producers now hold about 80 per cent of the global rare earths market © Reuters” “Outside of China there’s very little expertise.” Is this really how the Chinese move rare earths? @JamieSmythF ft.com/content/5104d8… https://t.co/8fyaGk024j

China has advanced scientific establishment of a rich country, but it has a poor country’s willingness to take risks -> it may end up leading on vaccines. Its priorities are more in sync with those of many other countries in the world. @tylercowen bloomberg.com/opinion/articl… https://t.co/VL95zxnTzw

After Huawei, in China concern is mounting about Nvidia (US) $40bn takeover of vital UK-based Japanese-owned chip designer Arm. Will they find themselves locked out of vital IP? ft.com/content/75aea6… https://t.co/BJDczO9UCS

"Open strategic autonomy”: It’s easy in theory, but hard in practice to increase rare earths output, given huge entry costs, skills shortages, IP issues and environmental regulations. @JamieSmythF @alanbeattie ft.com/content/5104d8… https://t.co/6SePRft3e8

RT @Rob_Malley: As I told ⁦@nytimes⁩, w/o making too much of a comparison bn the U.S. and countries ⁦@CrisisGroup⁩ usually follows. simila…