Germany's new military procurement plan, obtained by POLITICO, shows that Berlin will steer its massive rearmament drive primarily to European industry, with only eight percent going for American weapons.
ow.ly/5w4f50X0Fmu
Pretty incredible chart I saw in a Piketty book today. The Chinese state owns ~30% of capital in the country and ~50% of corporations.
I think @tszzl or someone was recently wondering why Chinese firms don’t seem to need to turn a profit. This may have something to do with it.
This will be absolutely devastating in the medical field.
~30% residents are international medical graduates & ~10k of 43k residency spots are filled by docs with H1-B visas.
Previously the h-1B fee was <$5,000.
No hospital will pay a $100k fee for a $55k resident salary.
This will be absolutely devastating in the medical field.
~30% residents are international medical graduates & ~10k of 43k residency spots are filled by docs with H1-B visas.
Previously the h-1B fee was <$5,000.
No hospital will pay a $100k fee for a $55k resident salary.
Receiving a literary treasure trove of ten books from a #Kenyan ambassador marks the pinnacle of birthday generosity.
This unparalleled gift not only enriches my personal library but elevates the art of gifting to a level of intellectual splendor. Undoubtedly, this is a…
All political leaders in this country must condemn this vicious attack on political freedom. Regardless of how one feels about Charlie, he was a husband and a father. This is not about politics. It's about a human being who was shot and killed because of a political disagreement.
Highly relevant!
"How does central bank independence influence the relationship between inflation, income inequality, and poverty?" by Bruno Pires Tiberto (Journal of International Money and Finance).
"Using data from 46 countries (1980–2022), the study shows that central bank…
I'm excited to share this paper we've just published on the new age of economic nationalism.
In the paper, we analyse the convergence of industrial policy and national security in three global superpowers: the US, China, and the EU.
The US has adopted a hawkish stance with…
Euro defence spending has undergone a shift that has gone unnoticed, Euro procurement spend now exceeds US for the 1st time since '45. Its a fundamental shift in levels & type of expenditure. This trend is accelerating due to world events. Thx to @Craig_Caffrey_ for his research
Trump does not need to remove Powell to control the Fed. A Washington insider explained to me today that a better path for him is opening now: complete control of FOMC.
Regional Fed bank presidents serve five-year terms that expire concurrently on the last day of February in…
One of the strangest results to say from environmental economics: OPEC is GOOD for global emissions. Like, extremely good. OPEC's existence has avoided emissions equivalent to ~20% of the world's carbon budget for 1.5C
*the cartel behavior, not the selling oil behavior
World city tier list by cultural power:
Tier 1) NYC, Paris, London, Tokyo
Tier 2) Singapore, Hong Kong, Shanghai, Beijing, LA
Tier 3) Shenzhen, Amsterdam, Madrid, Berlin, SF, Sydney, Seoul, Brussels, SF, Chicago
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