Adam Tooze

Adam Tooze


History, economics, politics, theory. Prof. Columbia University. Director of the European Institute. Born UK, raised FRG. Mensch mit Migrationshintergrund.

56388 followers  •  4434 follow  •    •   https://t.co/LcKkHmWNTD

At 77%, the income tax rates imposed by the US on top incomes during and after WWI were remarkable. More great material from the @IMFNews  volume edited by Era Nabla-Norris.

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Tanzania is set to emerge as a new tourist magnet in Sub-Saharan Africa According to @NKCAfrica 

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African economic growth prospects as seen from a city perspective. Lagos and the large South African cities all have grim prospects. The major cities of the EAC are comparatively small but have bright prospects. @NKCAfrica 

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In 1990, thirty years after independence, Tanzania, according to World Bank data, was the 2nd poorest country in the world. Today it is headed towards lower middle-income status.

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The US is the only advanced economy in which maternal death rates are rising. US death rates are now higher than those in Russia. Italian death rates are c. 1/9th of those in the US. Can this be right? If it is, why is it not a HUGE public health issue?

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When we say that the German car industry is in trouble, we mean 2008 kinda trouble! @yardeni  via @SoberLook 

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Planes made by Boeing and Airbus aren’t faster than they were in the 1970s, but they are 70% more efficient per passenger and mile. Even long-haul flights now beat cars for fuel efficiency per passenger/mile.

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Republican lawmakers enacted $889 billion in net spending cuts during the final six years of Obama’s administration by contrast under Trump Congressional largesse has juiced the economy at a rate comparable to the crisis stimulus, but without a crisis!

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This is insane! A travel map of the Roman empire that allows you to plot journey times btw locations depending on weather and mode of transport. h/t @simongerman600 

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c. 53 m Americans —44 % of all U.S. workers ages 18–64—are low-wage workers. Their median hourly wage is $10.22, and their median annual earnings are $17,950. @MarcelaEscobari  et al @BrookingsInst 

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US exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September = 1st full month of a positive oil trade balance since the 1940s. Ten years ago imports exceeded exports by 12m barrels a day a decade ago. 

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Gaming in California will soon consume as much power as Ghana. @toddjmoss 

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The share of wealth held by top 1 % in US at 42.5% is vastly greater than that in any other rich country, c. four times greater than in Italy or Japan.

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It is hard to exaggerate the drama of China’s coal-fueled production surge after 2000. It dwarfs the experience of all previous industrial societies. @OurWorldInData 

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