#BREAKING Indonesia announces fuel rationing, orders civil servants to work from home one day a week, amid price hikes due to Mideast war
This is a very cool paper with a clever identification strategy to test the causal impact of the opioid epidemic on various political outcomes. A key point that’s not in the abstract —causal mechanism is voters agreed with GOP tough on crime rhetoric and policy.
The Quarterly Journal of Economics@qjeharvard.bsky.social · 10mo agoRecently accepted by #QJE, “Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic,” by Arteaga (@caroartc.bsky.social) and Barone (@vickybarone.bsky.social): doi.org/10.1093/qje/...
“In Victorian mill towns, workers saved up to buy books. In one Scottish locale, a boy noticed a ragman reading a book. The book—which the ragman lent him—was Thucydides. The boy was Ramsay MacDonald, who would go on to become Britain’s first Labour prime minister.”
The Economist@economist.com · last yr.A blunt explanation for the decline of reading is that people cannot be bothered. In multiple surveys young people describe it as “boring” and “a chore”
Bernd Lange stressing an important point that still sometimes gets lost: For the EU, sectoral tariffs are much more important than a general baseline - most of the EU exports into the US are concentrated in few key sectors.
🎥 ICYMI: Who should be charged? The challenge of fairly allocating electricity system costs Rewatch the event with Benoît Esnault, Anna Stürgkh, Derk Swider & @gzachmann.bsky.social on European challenges of electricity costs and the relative policy trade-offs. 🔗
Who should be charged? The challenge of fairly allocating electricity system costs
Can Europe lower electricity costs without deep compromises?
buff.ly
"Jos emme ole koulutuksen suurvalta, niin mikä me sitten ollaan?" @rmurto.bsky.social peräänkuuluttaa panostuksia T&K-toimintaan, koulutukseen ja työperäiseen maahanmuuttoon. Lue Murron haastattelu tuoreesta Työeläke-lehdestä tyoelakelehti.fi/2025/06/tapa... #koulutus #tulevaisuus
Tapasimme Risto Murron: Murroksessa kohti parempaa — Työeläke-lehti
Historiallisen suurta osakepainon nostoa ei kannata ajoittaa yhteen päivään, sanoo Risto Murto. Varman toimitusjohtajan mukaan eläkeuudistus tulee saattaa voimaan asteittain.
tyoelakelehti.fi
Strong coordination of wage setting in Nordic countries has been maintained through pattern bargaining. However, this may come into conflict with the future needs of labour reallocation due to aging populations & higher demand for military personnel. Lars Calmfors cepr.org/voxeu/column... #EconSky
Auch!!!!
Sander Tordoir@sandertordoir.bsky.social · last yr.Spare another thought for Powell. US consumer's 1 year-ahead inflation expectations are soaring to 6.7% from 5.0%. Critically, these surveys were hobbled by partisanship, but it's now rising across all three political affiliations, especially amongst independents - per @nicktimiraos.bsky.social
Far-reaching statement by the EPP on European defence and Ukraine, calling inter alia for - seizing Russian assets - sped up accession of Ukraine - broad use of joint procurement - joint EU debt instruments for defence (!) www.epp.eu/news/epp-sum...
Powell on price stability: "I think we were getting closer and closer to that ... I do think with the arrival of the tariff inflation, further progress may be delayed. The SEP doesn't really show further downward progress on inflation this year and that's really due to the tariffs coming in."
Trumpin motiivit ovat mitä ovat, mutta lopputulos on silti hyvä: energiapakotteiden tiukentaminen Venäjää vastaan
Trump administration toughens sanctions on Russian oil, gas and banking sectors
The stiffer restrictions come as the Trump administration is trying to convince Russia to accept terms of a proposed 30-day ceasefire.
cbsnews.com
JD Vance on Trump's push to "acquire" Greenland: "He doesn't care what the Europeans scream at us ... you've got probably 55,000 people living on Greenland who are not actually happy with Danish government."
No, tullien noston aloittaminen naapureiden kanssa on niin älytön ajatus, että markkinoilla on vieläkin vaikeuksia uskoa, etteikö siitä vetäydyttäisi nopeasti.
Paul Krugman@pkrugman.bsky.social · 2y agoGoldman Sachs, Jan 21: "Despite Trump’s comments that the 25% tariff will be implemented in 10 days, we continue to believe the odds of a 25% tariff on Canada and Mexico are low (20%)." Why have analysts been caught so flat-footed by Trump doing *exactly what he said he would*?
"There’s a sense we’re living through times we’ll understand only in retrospect. But the collapse of the old international order and the break in America’s old domestic order are shaping this young century." www.wsj.com/opinion/trum...
Opinion | Trump and the Collapse of the Old Order
A disquieting Washington visit leaves me with a sense that America is making a big break from the past.
wsj.com
Suomi ei ole erikoisuus syntyvyyden laskussa, vaikka taso onkin suhteellisen alhainen. Talous huono selittäjä tälle.
Alice Evans@draliceevans.bsky.social · 2y agoCoupling and Fertility are Falling. In Finland, Mexico, Peru, South Korea, Thailand, Turkey and the US, both are going down. Superb column by @jburnmurdoch.bsky.social A must-read for anyone interested in why fertility is falling, and how to respond. 🧵
Tuottavuuoden ja talouden kasvulla on hyvät puolensa.
Saloni@scientificdiscovery.dev · 2y agoLife expectancy has continued to rise in the longest-lived countries
Joint Expeditionary Force activates UK-led reaction system to track threats to undersea infrastructure and monitor Russian shadow fleet 🇬🇧🇪🇪 www.gov.uk/government/n...
Joint Expeditionary Force activates UK-led reaction system to track threats to undersea infrastructure and monitor Russian shadow fleet
Joint Expeditionary Force partners and NATO will be alerted by the system of any ships deemed a risk to key areas of interest
gov.uk
Finland fuels children’s future with financial literacy and food https://www.ft.com/content/26c56174-76ab-493b-9770-6d1ed4996505
Finland fuels children’s future with financial literacy and food
World-beating ambition drives real-life business practice and free lunches for kids
ft.com
Between 1990 and 2020, the share of immigrants in high-income countries doubled, rising from around 7% to 14%. This means that today, one in seven people in high-income countries was born in a different country.
What happens when techno-optimism meets energy system realism? My latest for @BloombergNEF is a long read on AI, called The Power and the Glory. So that's Boxing Day sorted! about.bnef.com/blog/liebrei...
Liebreich: Generative AI – The Power and the Glory | BloombergNEF
This year will go down in history as the year the energy sector woke up to AI. This is also the year AI woke up to energy. Is the data center power frenzy just the latest of a long line of energy sect...
about.bnef.com
Exxon's gas+CCS play for datacenters offers a way to: - Monetize low-value gas - Capture premiums being paid for speedy connection - Get Big Tech to underwrite pilots - Capture (and maybe protect) IRA subsidies Read today's column here @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
Exxon's AI Power Play Aims to Beat Nuclear
The oil major is betting Big Tech’s need for speed will open up a bigger market for gas-fired plants.
bloomberg.com
Some great charts from HSBC - China's *direct* export exposure to the US has slumped and is now at the lowest levels since in modern history, and does not stand out relative to other Asian economies.
Jos Suomessa halutaan koulutusastetta ylös, se käytännössä tarkoittaa miesten koulutusasteen nostoa.
Northvolt Files for Bankruptcy in Blow to Europe’s Battery Hopes www.bloomberg.com/news/article...
Northvolt Files for Bankruptcy in Blow to Europe’s Battery Hopes
Northvolt AB filed for bankruptcy protection in the US after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles.
bloomberg.com