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