Iceland Premier Calls November Snap Vote as Coalition Disbanded bloomberg.com/news/articles/…

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity.”

Here’s why Ingrid H. Kvangraven, Surbhi Kesar, and I think AJR’s ‘Nobel’ winning framework on how institutions are formed and affect prosperity is Eurocentric, ahistorical, and wrong epw.in/journal/2024/4…

The situation in Gaza and in the Occupied Territories is deteriorating by the hour, w/ unbearable sufferings for civilians. No one seems to be able or willing to stop this. Violent settlers spread destruction, hospitals are besieged, UNRWA's activities more & more at risk. 1/4

Africa is large enough to fit the US, China, India, Japan, and most of Europe within its boundaries. Visualizing the real size of Africa is featured in today’s Chartbook Top Links. Sign up for more here: tinyurl.com/2exrv5pb

Before taking on my new job as the FT's European macro man, I was convinced that complaints about Germany's broken economy were mostly business lobbyists' propaganda. I now looked at the facts in detail and am utterly shocked. ft.com/content/6c345c…

A new Trump administration will have to figure out how it balances its broader policy agenda with its undeniable desire for balance in trade. 1/x

Brazil, I ❤️ you. Can’t think of another country where you could have a panel with an incoming central bank governor who has a deep historical understanding of the need for a new international financial order and be hosted by a First Lady who says “f*ck you Elon Musk”.

Fascinating point made by historian and Columbia professor Adam Tooze: "The first China shock was when China was incorporating into our supply chains. The second China shock is when we beg to be incorporated into theirs." He makes the point - correctly - that "there's no

Josep Borrell at his last Foreign Affairs Council: "You can't pretend to be a geopolitical power if you're taking days, weeks, months to reach agreements to act. So my last call to my colleagues (is): be more united, take decisions quicker, the events don't wait for you."

We are definitely back to normal, and not because we cut government spending. Higher than average inflation was caused by a rebound of energy prices following the pandemic. economy-finance.ec.europa.eu/document/downl…

russian ballet dancer vladimir shklyarov died after falling from a fifth-floor window in st. petersburg he had previously spoken out against the war in ukraine saying “politicians should be able to negotiate without shooting and killing civilians”

Shocking result of inequality in the type of “flexible Anglo-Saxon” societies: “ More than one in three children and a quarter of adults are living in poverty in the UK, ..according to a landmark report” (Guardian) theguardian.com/society/2024/n…

When the EU froze billions from Hungary due to Russian ties, Orbán turned to China to boost the economy. Two years later, Hungary is the main home for the Chinese capital in Europe. Chinese Investment in Hungary is featured in today's Chartbook Top Links: tinyurl.com/yva4cea2

The stunning thing about this chart from the FT's Big Read on Chinese manufacturing dominance? It predates China's emergence as an auto exporter (started in 21), the huge pandemic surge in China's exports and the 12% or so increase in China's export volumes in 24 ... 1/

The line was "MAGA for THINKING people".

The possibility that Trump introduces price controls has suddenly become the talk of the town in Davos. Here is what I wrote in my recent Foreign Affairs piece.

Project 2026. Newsday.com/matt

The Financial Times, not mincing words on.ft.com/4j9VB9y

WOW. Howmet Aerospace has declared force majeure in the wake of Trump's tariffs This is a Pittsburgh-based company that sells some of the most important parts to basically every major commercial and military aviation company.