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The Latest Breaking News from Adam Tooze

The Guardian view on Trump and the Fed: independence is no substitute for accountability

Editorial: The US president’s move against Lisa Cook shows his despotic bent, but the Fed was never democracy’s guardian. It’s time to rethink who really controls money

The Guardian - UK

The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars

Editorial: The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaos

The Guardian - UK

Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray

The Guardian - UK

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What is this era of calamity we’re in? Some say ‘polycrisis’ captures it

The term ‘polycrisis’ has gained traction as we face one disaster after another. It’s overwhelming – but diagnosing the catastrophe is the first step to addressing it

The Guardian - US

Are we at a turning point in world history?

Political leaders increasingly caution that we are facing a historical ‘inflection point’. Are we?

The Guardian - US

Are you better off than four years ago? Why US voters should – but can’t – say yes

Many are still feeling the pinch of inflation while the fruits of growth disproportionately go to the better off

The Guardian - UK

Facing war in the Middle East and Ukraine, the US looks feeble. But is it just an act?

The idea that all Biden is doing to trying to avoid a third world war isn’t convincing. Look closely and his foreign policy has been as radical as Trump’s, says history professor Adam Tooze

The Guardian - UK

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Silicon Valley’s Trump supporters are dicing with the death of democracy

In 2016, some said comparisons between the rises of Trump and Hitler were misguided. But as tech’s titans donate millions, worrying new parallels emerge

The Guardian - UK

Thursday briefing: How Gaza protests have gripped American universities

In today’s newsletter: As Columbia makes headlines for its NYPD-aided crackdown on students protesting the war in Gaza, professor Bassam Khawaja explains how discontent has risen rapidly

The Guardian - UK

The Post-Neoliberalism Moment

Anyone advocating neoliberal policies is now persona non grata in Washington, D.C.

Reason

The climate emergency really is a new type of crisis – consider the ‘triple inequality’ at the heart of it

Global conferences such as the upcoming Cop28 may seem like staid and ritualistic affairs. But they matter, writes Adam Tooze, a history professor at Columbia University

The Guardian - UK

Permacrisis by Gordon Brown, Mohamed El-Erian and Michael Spence review – road to nowhere

A call for growth from three veterans of the financial crisis rings hollow

The Guardian - UK

John Kerry in Beijing: how red China is turning green

US climate envoy John Kerry arrived in Beijing yesterday on a mission to restart long-paused environmental negotiations with China.

The Week

Can democracy survive the polycrisis?

We are living in troubled times. Too much is happening too fast. People are confused. The Columbia University economic historian Adam Tooze has, indeed, popularised a word for it. He calls it a "polycrisis".

Bangkok Post

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Foreign Affairs

Crime and No Punishment

How impunity fosters instability.

The New Daily

Alan Kohler: The RBA is fighting for its purpose … and its life

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.

Foreign Policy

Adam Tooze: Washington Is Undermining the Trade System It Helped Build

The World Trade Organization nears a breaking point over U.S. tariffs against China.

Foreign Policy

Did This Year Move the Needle on Climate Change?

Climate action was needed more than ever in 2022. Here’s what changed—and what didn’t.

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The Conversation

'Polycrisis' may be a buzzword, but it could help us tackle the world's woes

Commentators increasingly warn that the world is tightly bound in a “polycrisis,” a tangled knot of crises spanning global systems. But if we have any hope of escaping it, we must think more carefully about what polycrisis really means.

Fortune

Top economist Mohamed El-Erian says we’re not just headed for another recession, but a ‘profound economic and financial shift’

The former CEO of PIMCO sees three trends that suggest a transformation in the global economy is under way.

The Conversation

Permacrisis: what it means and why it's word of the year for 2022

The Collins Dictionary’s word of the year for 2022 is “permacrisis”. As accolades go, the managing director of Collins Learning, Alex Beecroft, has said that this one “sums up quite succinctly how truly awful 2022 has been for so many people”.

Reason

New Biden Weapons Package for Ukraine 'Increases the Danger of a Direct Military Clash,' Says Russian Ambassador

Plus: Musk's Twitter purchase may be back on, global deflation may be looming, and more...

The Guardian - UK

What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

The Guardian - AU

Unprecedented events creating ‘extremely severe’ risk of global recession – economist Adam Tooze

Economic historian says Australia will largely be fine, as long as China pulls off biggest financial feat the world has ever seen

The Conversation

A summer of discontent? Why public sector workers are preparing to strike in B.C.

Successful unionization drives targeting corporate employers like Amazon and Starbucks have been big news in 2022. But much larger scale collective action in the Canadian public sector may also be on the cards.

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