Apx 2500 cops now guarding a pro-
Palestinian congress that (acc to its online program) features little over 20 speakers - a fourth of which are Jewish. Yesterday WELT platformed fascist AfD politician Björn Höcke, letting him drivel over Holocaust history. Both within 24 hours.

We are deeply concerned about reports of police intervention at #PalestineCongress & that invited speaker Dr Ghassan Abu Sitta was denied entry to #Germany .

These serious risks to freedom of expression & discrimination must urgently be investigated by German authorities.

German police also arrested citizens at Berlin airport holding signs saying let Dr. Ghassan Abu Sitta in! He was banned by German authorities. The police prohibited the protestors from returning to the airport for one year! Germany stands with genocide!

Video I just received shows PolizeiBerlin.Int arresting the spokesperson of Jewish Voice for Peace in Germany, Udi Raz, as horrified onlookers shout 'Never Again!' amid these scenes so reminiscent of Germany's Nazi past (present) #PalaestinaKongress

Climate change.

The world’s biggest exporter of olive oil, Spain, has halved its production due to drought and extreme heat, increasing its price (at origin!) 112% since 2022.

It’s happening to other food crops too. Olive oil today, everything else soon.

The Houthi decision to issue a 100-riyal coin has triggered a new currency war, as Yemen's two rival central banks work to undermine each other: newarab.com/analysis/how-n…

THIS IS WHAT LAGARDE WAS CONCERNED ABOUT:

In today's Odd Lots newsletter, Tracy Alloway and I wrote about our chat with Chris Hatch / NNN Income and the macro spillovers of this huge electrification push, and the challenge it poses to policymakers.

Full thing here:

bloomberg.com/news/newslette…

Making chips is REALLY hard, millennial housing inequality, victims of fortress Europe & the VW unionization drive
The latest Top Links from Chartbook newsletter just droped.
Check it out and sign up: open.substack.com/pub/adamtooze/…

If you think Bismarck supporters are crazy with the 'It took an entire British fleet to sink it', Let me introduce you to the Japanese equivalent when discussing the Yamato class.

This picture is tossed around way more than it should, being inaccurate and without proper context

China is doing it right - EU is stagnating

China’s economy may be struggling to grow, but its electricity industry is not. Power consumption rose by 6.7% in 2023, marking the fourth straight year that electricity use grew faster than GDP. And China is well on its way to becoming the most electrified economy in the world.

For today's Our World in Data Data Insight I calculated how many children died since 1950.

I had never done this before and I was shocked to see just how many lives ended so very early.

81% of private credit assets are managed by firms that also manage private equity funds

and

72% of private credit deals (in North America) are sponsored by private equity firms

borrowing from Peter to dividend recap Paul??🤔🤔🤔

per IMF

Finally comparative data on Chinese industrial policy funds

Is there a historical precedent of a global power with declining industry putting down a distant challenger with a superior industrial base (including in frontier sectors) through military means, as advocated here? foreignaffairs.com/united-states/…

A blog post: 'The Sexy History of Banking.'
Really an effort to get you to read Stefan Eich and Christine Desan's work (she seems not to be on this site but has a blog post LPE Blog). Thx to the ever-excellent Martijn Konings + Amin Samman for invitation michellechihara.com/post/the-sexy-…

Downtown death spiral, doubting the Marshall Plan, Foucault on the mesh of power & the summer of theory
The latest Top Links from Chartbook newsletter just dropped.
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The ECB's suite of macromodels crosses the line btw academic theory and modeling practice.
adamtooze.substack.com/p/top-links-39…

Industrialization before the industrial revolution.
Remarkable data from a Cambridge research group.
adamtooze.substack.com/p/top-links-39…

From our new WEO: Trading Places. G20 EMs spillovers impact the global economy almost as much as advanced economies. China leads, but other major EMs also influence their region. Productivity shocks in G20 EMs affect global output 3x more than in 2000.
imf.org/en/Publication…