Simon Johnson @baselinescene Twitter profile

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Simon Johnson

1 year

What a great publication day for #PowerAndProgress for me and @DAcemogluMIT Thanks to everyone for your support — here's a quick message from us and don't forget you can, for the first time, purchase the book here:

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Last Seen Profiles

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Simon Johnson

@baselinescene

7 months

New edition has arrived! The Spanish translation of my book with @DAcemogluMIT , Power and Progress (Poder y Progreso), is available to the world public next Wednesday, October 11, 2023, from @EdicionesDeusto . Get your copy here:

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Simon Johnson

@baselinescene

1 year

My latest book, #PowerAndProgress , launches on May 16, co-authored with #DaronAcemoglu . The book examines our complicated relationship with #technology and its impact on society.

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Simon Johnson

@baselinescene

2 years

Stop Financing Putin's War: don’t pay for Russian oil/gas; freeze all Central Bank of Russia assets; suspend Russia from the IMF

Stop Financing Putin's War | by Simon Johnson - Project Syndicate

Simon Johnson makes the case for the West to stop sending Russia $500 million a day for energy supplies.

www.project-syndicate.org

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Simon Johnson

@baselinescene

2 years

Germany could buy coal from anyone. Why are they still buying from Russia? This makes no sense if they really want to #StandWithUkraine

Lauri Myllyvirta

@laurimyllyvirta

2 years

Two coal ships have just arrived at anchor outside Rostock and Wilhelmshaven in Germany, carrying a total of 160,000 tonnes of coal, worth around EUR 30 mln at today's prices, from Russia.

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Simon Johnson

@baselinescene

1 year

Please join me in welcoming my co-author of #PowerAndProgress , Daron @DAcemogluMIT to Twitter. This is Daron’s new Twitter account and if you’re interested in the themes we address in Power and Progress, you’re going to want to follow him.

Daron Acemoglu

@DAcemogluMIT

1 year

Hello Twitter 👋 This is my new account, launched to coincide with mine and @baselinescene 's new book #PowerAndProgress . This is the beginning of an intellectual journey and I look forward to connecting with many of you on the broader issues at play.

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Simon Johnson

@baselinescene

2 years

Why are the Dutch importing so much MORE Russian oil (average per day) than before February 24th? This is not about keeping their economy going. Someone is making a lot of money out of Putin’s invasion of Ukraine? Who? And why isn’t there a Bloody Windfall Profits Tax for them?

Russian Tankers Tracking Group

@RTTG_Official

2 years

The port of Rotterdam still unloads russian bloody oil. @PortOfRotterdam is it ok for you that you finance massacre in Ukraine? @DutchNewsNL @openrotterdam @DutchMFA @NLatEU @NLinUK @NLAmbassadorUSA @NLOSCE @annaholligan @freepressunltd @PeterRdeV

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Simon Johnson

@baselinescene

2 years

Calling all Italians on Twitter: Please forward this to your elected representatives. Why is Italy still buying seaborne oil from Russia? You can buy it from many other countries, none of which are currently killing Ukrainians. Please, please really #StandWithUkraine on this

Russian Tankers Tracking Group

@RTTG_Official

2 years

While @MARIODRAGHI19 is in Kyiv, Italy continues to receive and unload bloody russian oil @repubblica @LaStampa @Corriere @Agenzia_Ansa @SkyTG24 @ItaliaNEWS @lorenzo_tondo @gaia_pianigiani @EPovoledo @Linkiesta @jasondhorowitz @tomkington @JimBYardley

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Simon Johnson

@baselinescene

2 years

Russia is pulling in an extra $50-100m PER DAY for oil, due to the chaotic destruction Putin has created. Only a boycott of Russian oil can change this. Stop paying for Putin’s war

Robin Brooks

@robin_j_brooks

2 years

Here's the problem with sanctions. Russia's current account surplus in January - because Putin's war drove oil and gas prices up - is bigger than ever (red). That's a ton of hard currency inflow that doesn't get touched by sanctions. Only a boycott of Russian energy fixes that...

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Simon Johnson

@baselinescene

2 years

This is big news. If the Netherlands decides to #StandWithUkraine and not allow #SunnyLiger into port, then the EU embargo of Russian oil begins

Luis Garicano 🇪🇺🇺🇦

@lugaricano

2 years

Amazing news: 1. Swedish dock workers refused to unload the Sunny Liger. 2. Two days later Amsterdam workers also refused to unload it !!! (See below in the thread the source of the story at @nrc ) Let no more Russian ships unload their dirty cargo in any European port!

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Simon Johnson

@baselinescene

5 years

Rochester is an exciting but severely underrated city for high-tech research and startups. It’s got the right mix of affordable living, established tech companies, and great universities. @UofR @RITtigers @CityRochesterNY @Xerox @Kodak @RochesterChambr @GRERochesterBiz

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Simon Johnson

@baselinescene

5 months

Today only, you can read my new book with @DAcemogluMIT , Power and Progress, for $3.99. Wherever you get your American edition e-books. That's 80% off, for anyone keeping track. Thank you @public_affairs for this exciting promotion!

Power and Progress

The bestselling co-author of Why Nations Fail and the bestselling co-author of 13 Bankers deliver a bold reinterpretation of economics and history that ...

www.hachettebookgroup.com

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Simon Johnson

@baselinescene

7 years

The Grass Roots Mobilizes to Save Obamacare via @BillMoyersHQ

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Simon Johnson

@baselinescene

2 years

Excellent op ed by Sheila Bair: Regulators must act to rein in Wall Street risks as rates rise

Regulators must act to rein in Wall Street risks as rates rise

The Fed needs to reverse course on regulatory easing to ensure financial stability when borrowing costs increase

www.ft.com

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Simon Johnson

@baselinescene

7 years

Trump owns the bonds of a company that just received additional federal/state aid at his behest? This is a problem at many levels

Pedro da Costa

@pdacosta

7 years

Donald Trump profited from investment in #Carrier 's parent company

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Simon Johnson

@baselinescene

2 years

Opinion | A Basic Income for Ukrainians, Paid for with Frozen Russian Assets - with Oleg Ustenko, economic adviser to the president of Ukraine: millions of refugees are going to need cash assistance soon; use seized foreign exchange reserves/crony capital

Opinion | A Basic Income for Ukrainians, Paid for with Frozen Russian Assets

The U.S. and its allies should create a new global fund to deliver cash to the growing flood of refugees.

www.politico.com

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Simon Johnson

@baselinescene

2 years

China is supporting Putin’s war on Ukraine by continuing to pay high prices for Russian crude. Either China should negotiate much lower prices for Russian oil (<$10 per barrel) or the U.S. and Europe should take further action in terms of sanctions

Robin Brooks

@robin_j_brooks

2 years

It looks like "Made in China" should increasingly read "Made in China with Russian Energy." China's imports from Russia in May 2022 were double what they were in May 2021 and far above previous years (red). Our trade links with China are increasingly a go-between for Putin...

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Simon Johnson

@baselinescene

2 years

There was too much self-congratulation in the West yesterday/Monday. The SWIFT and other financial sanctions so far will not stop Putin. Watch the ruble-dollar exchange rate. Stop paying for Russian gas

Robin Brooks

@robin_j_brooks

2 years

Ruble has stabilized, even as Russia's army pours into Ukraine. Coming days may see a terrible escalation in violence, rising civilian casualties & graphic images. The West must urgently cut imports of Russian energy to deprive Putin of hard currency for his war. The time is now!

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Simon Johnson

@baselinescene

2 years

The Fed is today: senior staff trading stocks more actively than some professional investors. The Board of Governors needs to get serious about disallowing trades based on material non-public information. There is no credibility without ethical conduct

WSJ News Exclusive | Fed Staff Reported Securities Trades Amid Bank’s 2020 Stimulus Moves

The transactions, by two senior Federal Reserve economists, came as Chairman Jerome Powell signaled a policy pivot in response to the pandemic. The Fed says employees complied with rules and some...

www.wsj.com

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Simon Johnson

@baselinescene

2 years

@CraigKennedy77 : brilliant analysis, . So Russia’s choice is now this: (1) pull out of Ukraine or (2) shut in oil fields, degrade production, and go back to where they were in 1991, without foreign investment/tech. Or perhaps they will do (2) and then (1)?

Opinion | The Rigidity of Russian Oil Holds the Key to Smart Sanctions

The limits of Russia’s infrastructure provide a way to slash Putin’s oil revenue, avert a price shock for the West and fund Ukraine reparations.

www.politico.com

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Simon Johnson

@baselinescene

2 years

Russia Is Finished as a Major Energy Power by Simon Johnson & Oleg Ustenko - Project Syndicate

Russia Is Finished as a Major Energy Power | by Simon Johnson & Oleg Ustenko - Project Syndicate

Simon Johnson & Oleg Ustenko say that the US, Europe, and their allies have all the tools needed to neutralize the country's leverage.

www.project-syndicate.org

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Simon Johnson

@baselinescene

5 years

"In their new book, “Jump-Starting America" ... they lay out a bold program to boost federal spending on science and technology, focusing on regions where growth is lagging." @Noahpinion

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Simon Johnson

@baselinescene

5 years

@RoKhanna @jonathangruber1 Investing in science creates good jobs, and we believe there is untapped high-tech talent all around the US. Thank you for your encouragement and leadership!

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Simon Johnson

@baselinescene

7 years

Now on sale: Economism by James Kwak, ; a must read for the Trump era

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Simon Johnson

@baselinescene

5 years

The #JumpStartingAmerica plan: 1. Increase annual public investment in #science by $100M. 2. New #InnovationCommission runs a competitive process to ensure overlooked cities benefit from that investment. 3. New #InnovationDividend ensures all Americans benefit from high tech.

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Simon Johnson

@baselinescene

9 months

Opinion: Russia is deploying a new weapon in Ukraine: world hunger

The next stage of Putin’s bloody war is closing trade in the Black Sea, prompting economic disruption, increased poverty and more disaster-driven migration.

www.latimes.com

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Simon Johnson

@baselinescene

2 years

Op-Ed: After Putin's war crimes, current sanctions are inadequate: all foreign assets of the Putin Regime should be forfeit - with the proceeds used to compensate Ukrainians and rebuild Ukraine

Op-Ed: After Putin's war crimes in Ukraine, the current sanctions are inadequate

Despite knowing that their payments for Russian oil and gas allow Putin to reequip his army, most EU countries have reacted only with soft measures.

www.latimes.com

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Simon Johnson

@baselinescene

2 years

Heads up everyone - $76 million dollars worth of crude oil inbound to Rotterdam; due in 11am local tomorrow/March 25th. This is bloody oil, sold to finance Putin’s war machine. Don’t touch that cargo or refined products made from it, if you really #StandWithUkraine

Luis Garicano 🇪🇺🇺🇦

@lugaricano

2 years

Stamos IMO - 9592276 From Russia - Ust Luga to Netherlands - Rotterdam Arriving 25/03/2022, 11:00. Carrying approx 98.102 tonnes of Crude Oil worth an estimated $75.844.095 to Putin 2/N #BanOilandGasImportsNow

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Simon Johnson

@baselinescene

1 year

📢 Exciting news! The website for @DAcemogluMIT and my new book, #PowerAndProgress , is now live! Join us on a journey to explore the intersection of technology and society. Pre-order your copy today:

POWER and PROGRESS - Massachusetts Institute of Technology

Discover a bold reinterpretation of economics and history in Power and Progress, the latest book by bestselling authors Daron Acemoglu and Simon Johnson. Explore their 1000-year struggle over...

shapingwork.mit.edu

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Simon Johnson

@baselinescene

2 years

Op-Ed: OPEC's move to raise oil prices is all about Russia

History will show that the cartel is choosing the wrong side.

www.latimes.com

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Simon Johnson

@baselinescene

5 years

@RoKhanna Progressive Capitalism is exactly the right term

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Simon Johnson

@baselinescene

2 years

Europe wake up: nothing so far cuts this massive flow of hard currency to Putin. Stop paying for Russian gas TODAY

Robin Brooks

@robin_j_brooks

2 years

This is Russia. A massive $120 bn c/a surplus, driven by $240 bn in energy exports to the world. Sad truth is that nothing we've done so far cuts this massive flow of hard currency to Putin. As Russia's army pours into Ukraine, we're running out of time to do the right thing...

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Simon Johnson

@baselinescene

5 years

"In the boom decades post WWII, what drove US economic growth was a fruitful partnership between the government and the private sector in developing new technologies that grew the economy" @jonathangruber1 in our talk with @BloombergRadio P&L yesterday

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Simon Johnson

@baselinescene

7 years

It’s Time to Found a New Republic,

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Simon Johnson

@baselinescene

11 months

It was a pleasure to be at the @mitclubny earlier this week where I chatted to @petercoy about my new book #PowerAndProgress ! We talked about tech and its impact on society and the banking industry. Also great to spot copies of the book in the wild.

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Simon Johnson

@baselinescene

9 years

Citigroup Will Be Broken Up http://t.co/4hTe7TfI8W

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Simon Johnson

@baselinescene

2 years

Why Germany? Why? You can buy seaborne oil from anywhere in the world, but you chose to buy Russian blood oil. How does this help end the invasion of Ukraine? #StandWithUkraine

TankerTrackers.com, Inc.

@TankerTrackers

2 years

Suezmax tanker PENTATHLON (9438406) has berthed at the oil terminal in Wilhelmshaven, Germany.

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Simon Johnson

@baselinescene

11 months

Thanks to @EricBeinhocker for the warm welcome at today's event hosted by @INETOxford at the @oxmartinschool . Looking forward to discussing everything about #PowerAndProgress . Keep an eye on the tweets below 👇

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Simon Johnson

@baselinescene

8 years

Who says that debates not informative?

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Simon Johnson

@baselinescene

2 years

Washington Post reports: “Zaporizhzhia nuclear power plant … is on fire”, due to Russian bombardment: see Post article at 8:27pm. This is beyond madness. Stop paying for Putin’s war, before he destroys everything and everyone.

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Simon Johnson

@baselinescene

5 months

This is an important moment for the direction of tech. In the absence of a market that promotes diverse ideas, a few technologists will decide our future. @DAcemogluMIT and I wrote this @latimes piece to explain why the OpenAI CEO struggle is about more than corporate politics.

MIT Shaping the Future of Work Initiative

@MITshapingwork

5 months

In a new @latimes op-ed, Initiative Co-Directors @DAcemogluMIT and @baselinescene warn that OpenAI's recent power struggle signals that the future of AI is now firmly controlled by people focused on speed and profits, at the expense of all else.

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Simon Johnson

@baselinescene

2 years

“Roman Abramovich’s funds for war victims will not only go to Ukrainians”; time for the British government to step in. Sounds like Abramovich is working on repatriation of funds through the back door. Stop him paying for Putin’s war

Roman Abramovich’s funds for war victims will not only go to Ukrainians

Roman Abramovich’s plan to donate funds to victims of the war is not solely intended for Ukrainians, raising the prospect of money going to Russian soldiers or their families

www.theguardian.com

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Simon Johnson

@baselinescene

8 years

Hillary Clinton: How I’d Rein In Wall Street ; "No bank or financial firm should be too big to manage" - sharp point

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Simon Johnson

@baselinescene

2 years

How to implement an EU embargo on Russian oil | VOX, CEPR Policy Portal ⁦ @voxeu ⁩ ⁦ @cepr_org ⁩ #StandUpForUkraine

How to implement an EU embargo on Russian oil

The Russian war on Ukraine is financed in large part by the export of oil, and while countries have intensified various sanctions on Putin’s leadership group and the Russian economy, Russian oil...

cepr.org

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Simon Johnson

@baselinescene

8 years

The debate moderators should have asked directly about this -- Trump is threatening to cause a very serious recession

Steven Rattner

@SteveRattner

8 years

A recent @PIIE study shows Trump’s trade tariffs could cause a recession and cost the country 5M jobs

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Simon Johnson

@baselinescene

8 years

Deutsche Bank: "the largest systemic risk for the global finance world" -- the view from Germany,

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Simon Johnson

@baselinescene

2 years

The EU oil embargo is coming. Will it be well-designed, so that Russian oil does not just flow to Asia instead? If not, this will be clear within one week and there will be a do-over. If that does not work, do it again until you really #BoycottRussianOil

Robin Brooks

@robin_j_brooks

2 years

The German word for gaslighting is "Nebelkerzen," which literally translates as "fog candles." That's what left-wing German academics did in the debate over an energy embargo: all their points are wrong on substance and, when that became clear, they switched to personal attacks.

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Simon Johnson

@baselinescene

2 years

Sanctions imposed in response to Russia’s invasion of Ukraine are not degrading Russian energy production capacity or putting enough pressure on Russian financial markets.

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Simon Johnson

@baselinescene

2 years

This shows that financial sanctions can have an effect this week BUT the EU needs to stop paying for gas immediately + all Russian central bank assets everywhere must be frozen ( @SecYellen is close, but not there yet). Nothing else will be fast enough to help Ukraine

Robin Brooks

@robin_j_brooks

2 years

The tightening in Russia's financial conditions is unprecedented. 12-month rate differential priced into currency forwards now stands at 42%. This far exceeds anything after the 2014 Crimea annexation and is twice as harsh as the tightening in 2008. Hugely recessionary...

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Simon Johnson

@baselinescene

2 years

IEA finds Russia has shut in 1m barrels/day due to fall in domestic consumption. But Putin’s revenue from oil and petroleum products holding steady around $20bn per month. This is his primary means of financing and continuing the war #StandWithUkraine

International Energy Agency

@IEA

2 years

New embargoes on Russian oil supplies would speed up the redirection of trade flows & force Russian companies to shut in more wells. But rising output elsewhere & slower demand growth is set to fend off an acute supply deficit in the near term. More ⬇️

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Simon Johnson

@baselinescene

5 months

Congratulations to @DAcemogluMIT for the well-deserved recognition. Thank you also to @prospect_uk for recognizing our book Power and Progress as one of their top 10 books on Ideas for 2023.

Prospect’s books of the year 2023: Ideas

From the rise of AI and hacking to climate change

www.prospectmagazine.co.uk

Daron Acemoglu

@DAcemogluMIT

5 months

It is an honor to be nominated as one of @prospect_uk 's "Top Thinkers" for 2024, along with several well-respected respected colleagues in economics. You may view the list and lend your support, if you wish, here:

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Simon Johnson

@baselinescene

2 years

Op-Ed: Stop financing Putin's war machine. Cut off Russia's energy sales. No to Russian blood oil. Stop paying for Putin’s War.

Op-Ed: Stop financing Putin's war machine. Cut off Russia's oil and gas sales

Done properly, a fossil fuel embargo would be swift and devastating to Russia, while the effect on energy costs for the U.S. and its allies is likely to be minor.

www.latimes.com

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Simon Johnson

@baselinescene

2 years

Exactly right. Shut down Russian oil production. Start with a 45 day Sudden Stop of all lifting from Russian ports. Issue limited waivers for sanctions upon application. Do the paperwork right if you want to be allowed to carry and receive Russian oil and oil products

Craig Kennedy

@CraigKennedy77

2 years

...on ban duration, 15% of 🇷🇺 well stock has higher flow rates that can be throttled back, providing some short-term, limited swing capacity (cf. 5/2020 OPEC+ cut). So keeping ban's time horizon open-ended will enhance Western bargaining leverage. End

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Simon Johnson

@baselinescene

2 years

How to Stop Russia Immediately by German Galushchenko and Oleg Ustenko @ProSyn . Do this now #StandWithUkraine ️

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Simon Johnson

@baselinescene

5 years

"Johnson and Gruber believe the U.S. has a number of cities where the presence of universities combined with industrial know-how could produce more technology-based growth."

How Science Can Boost the Economy

A new book by professors at MIT outlines science’s benefit to the economy. Science and the economy, both are usual topics in today's news, but what effect does one have on the other? Well, a great...

www.sciencetimes.com

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Simon Johnson

@baselinescene

5 years

A key area for research funding. Hard to imagine the private sector turning the tide on drug resistance on its own, but if public investments were to jumpstart work on whole new categories of treatment, millions of lives could be saved.

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Simon Johnson

@baselinescene

2 years

Tuesday update: Russia firing missiles at Kharkiv, moving on Kyiv, etc; the West sending $650 million to Russia TODAY for energy, via ⁦ @jonsindreu ⁩ ⁦ @WSJ ⁩. Stop paying for Russian gas

Central Bank Squeeze Lacks Energy to Cripple Russia’s Economy

While blocking Russia’s official currency reserves puts the ruble and the economy under heavy pressure, they are still underpinned by commodity exports.

www.wsj.com

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Simon Johnson

@baselinescene

2 years

Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports

The Honorable Janet L. Yellen U.S. Department of Treasury 1500 Pennsylvania Ave., NW Washington, D.C. 20220 …

baselinescenario.com

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Simon Johnson

@baselinescene

2 years

Helpful: further clarity on who exactly does #StandWithUkraine and who makes money on the commercial transactions that ensure #FossilFuelsFundWar

Robin Brooks

@robin_j_brooks

2 years

This is country composition of oil tankers leaving Russia on a weekly basis so far in 2022. Our live tracking of tanker traffic suggests the share of Greek tankers ROSE from 39% of total tanker traffic before the war to 52% since Russia's invasion of Ukraine. With @JonathanPingle

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Simon Johnson

@baselinescene

8 months

My colleagues @DAcemogluMIT , @davidautor , and I have released a new policy memo that offers an answer to an important question — and a plan to get there: Can We Have Pro-Worker AI? Here is a link to the memo and summary, as well as a thread of the key takeaways:

MIT Shaping the Future of Work Initiative

@MITshapingwork

8 months

Today, @MITshapingwork Co-Directors @DAcemogluMIT , @davidautor , and @baselinescene released a policy memo on reshaping AI development: "Can We Have Pro-Worker AI? Choosing a path of machines in service of minds." Key takeaways below 🧵 Read the memo:

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Simon Johnson

@baselinescene

8 months

My co-author @DAcemogluMIT and I are pleased to announce the German publication of our new book Power and Progress, from @Campusverlag . Get it here and wherever books are sold:

Macht und Fortschritt, ein Buch von Daron Acemoglu, Simon Johnson - Campus Verlag

Daron Acemoglu, Simon Johnson: Macht und Fortschritt - Unser 1000-jähriges Ringen um Technologie und Wohlstand. Ausgezeichnet mit dem A.SK Social Science Award 2023

www.campus.de

MIT Shaping the Future of Work Initiative

@MITshapingwork

8 months

Today marks the launch of the German edition of Power and Progress, published by @Campusverlag . Co-written by Initiative Co-Directors @DAcemogluMIT and @baselinescene .

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Simon Johnson

@baselinescene

6 years

Review | How the 2008 financial crisis gave us Trump — and the prospect of a repeat meltdown

Adam Tooze analyzes the financial chaos of 2008 and the longterm dangers still playing out

www.washingtonpost.com

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Simon Johnson

@baselinescene

5 years

@RoKhanna “We need to have a 21st century where we understand that we’re going through a technology revolution, lead in these new technologies, and empower communities to have those new jobs.”

How progressive capitalism can be the recipe for economic growth and innovation

Rep. Ro Khanna breaks down his plan to reform capitalism.

www.foxbusiness.com

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Simon Johnson

@baselinescene

2 years

Well said @gpapak . Other tanker fleets (eg., Denmark) stopped carrying Russian oil immediately after the invasion. Greek tanker owners are making a lot more money now than before February 24th: 5-10x in the Black Sea per voyage

Papaconstantinou G

@gpapak

2 years

From Politico: "Greece is also holding out, diplomats said, as it doesn’t want to stop making money from shipping Russian oil to other countries with its fleet of tankers" Let’s be clear: the country’s interests and those of tankers’ owners are not & should not be the same thing

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Simon Johnson

@baselinescene

1 year

@SheilaBair flagged the key weakness of stress tests (and broader Fed supervisory thinking), 9 months+ ago. Key question for Congress this week: who at the Fed vetoed the high interest rate scenario?

Sheila Bair

@SheilaBair2013

2 years

Not confident about the stress tests. Here is a piece I wrote about their weaknesses. Importantly, the Fed is not stressing the scenario everyone is worried about: a recession where inflation persists and interest rates elevated. ⁦ @baselinescene ⁩

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Simon Johnson

@baselinescene

5 years

Are we starting to see a bipartisan consensus that #ScienceCreatesJobs ? @MariaBartiromo @WSJ @jonathangruber1 @NiskanenCenter @GaneshSitaraman @ErnestMoniz @ericschmidt @erikbryn @MattHourihan @PIIE @JedKolko @ChicagoCouncil @ITIFdc @joshmkim @SteveCase @Noahpinion @RoKhanna

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Simon Johnson

@baselinescene

1 year

NEWS: @DAcemogluMIT & I have penned a piece for @latimes on the #WritersStrike and the emerging threat of #AI to the profession. We discuss how technological advances – especially AI – could threaten our jobs and society at large.

Opinion: The writers' strike is partly about AI. They're right to worry

We've been grappling with the consequences of machines replacing people for nearly 1,000 years. The idea that automation necessarily creates shared prosperity is an illusion.

www.latimes.com

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Simon Johnson

@baselinescene

2 years

It is easy to see who is really willing to #StandUpForUkraine : eg, question to Netherlands, why are you importing so much MORE Russian oil after the invasion - March imports of Russian crude nearly 2x February (barrels per day, monthly average)? Which Dutch voters support this?

Robin Brooks

@robin_j_brooks

2 years

Great article in ⁦ @EconUS ⁩ citing work by ⁦ @OlegUstenko ⁩ & ⁦ @baselinescene ⁩ who track tanker traffic shipping oil out of Russia to the rest of the world. In our own data, we see little sign that tanker traffic out of Russia has slowed.

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Simon Johnson

@baselinescene

2 years

G7 Leaders’ Statement: “we will take measures to prohibit or otherwise prevent the provision of key services on which Russia depends. This will reinforce Russia’s isolation across all sectors of its economy.” Does this include EU/US oil tankers etc?

G7 Leaders’ Statement | The White House

Today, on 8 May, we, the Leaders of the Group of Seven (G7), alongside Ukraine and the wider global community, commemorate the end of the Second World War in Europe and the liberation from fascism...

www.whitehouse.gov

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Simon Johnson

@baselinescene

11 months

📰 @nytimes op-ed alert! The power of #AI in #BigTech is creating a duopoly between Microsoft and Google. As we navigate the future, it's crucial to ensure fair competition, innovation, and consumer choice when it comes to #AI .

Opinion | Big Tech Is Bad. Big A.I. Will Be Worse.

How history has shown that the concentration of A.I. development in the hands of two powerful companies will lead to the technology being deployed in ways that will hurt humanity.

www.nytimes.com

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Simon Johnson

@baselinescene

1 year

Keep tweeting pictures of Power and Progress in the wild! The engagement with these issues is very encouraging

Orhan E

@drorhanerdem

1 year

Released on Tuesday, received today. Power and Progress” by @DAcemogluMIT and @baselinescene . Started immeadiately.

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Simon Johnson

@baselinescene

6 months

The website for @MITShapingWork that I co-direct with @DAcemogluMIT and @davidautor is officially launched. Read new research on the future of work, see upcoming events, access news articles, podcasts, and videos, and find out how you can work with us:

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Simon Johnson

@baselinescene

8 years

Trump would be the greatest deliberate economic disaster in our history

Heather Boushey

@HBoushey

8 years

Oxford Economics finds Trump’s policies could knock 5% off U.S. GDP #debate

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Simon Johnson

@baselinescene

8 years

Assessment of Donald Trump's likely economic policies via @ProSyn ; Trump promises disaster on every dimension

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Simon Johnson

@baselinescene

2 years

Why is Western Europe paying for Putin’s War?

Robin Brooks

@robin_j_brooks

2 years

There's something deeply distressing about Russian gas flowing through pipelines running the length of Ukraine (blue), so the rest of Europe isn't cold, even as Ukraine hunkers down in dank basements, trying to survive another night. We're better than this! With @BHilgenstockIIF

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Simon Johnson

@baselinescene

1 year

READ: “The book is about the choices we make with technology. That’s a very MIT type of theme.” Thank you @MIT News for your piece on my and @DAcemogluMIT ’s new book #PowerAndProgress .

An AI challenge only humans can solve

In “Power and Progress,” MIT professors Daron Acemoglu and Simon Johnson examine whether automation and artificial intelligence will be used for the public good.

news.mit.edu

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Simon Johnson

@baselinescene

8 years

Large global complex highly-leveraged banks: the extinction event already happened,

The Financial System of the Future

The global financial system is in the midst of profound transformation. This shift represents both a great opportunity for the United States in terms of job creation and potential growth and a new...

democracyjournal.org

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Simon Johnson

@baselinescene

5 years

#JumpStartingAmerica in 3 minutes, staring @JonathanGruber1 and yours truly #ScienceCreatesJobs #InnovationCommission #InnovationDividend

Jump-Starting America - The 3 Minute Plan

Learn more at https://www.jump-startingamerica.com/The Jump-Starting America Framework for a new United States economic policy was first published by MIT pro...

www.youtube.com

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Simon Johnson

@baselinescene

11 years

New column: Goldman Sachs brings out A team to defend megabanks, http://t.co/80bcvmVKpG via @BloombergView ; scores big own goal

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Simon Johnson

@baselinescene

11 years

Matt Taibbi respectfully rebuts President Obama on financial reform, http://t.co/VEs2JJlL; very effective piece, exactly on target

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Simon Johnson

@baselinescene

2 years

Put a price cap on Russian oil exports to NATO and close allies: they are still buying around 50% of all Russian seaborne oil #StandWithUkraine

Euromaidan Press

@EuromaidanPress

2 years

The geography of the President's of Ukraine special speeches in the parliaments will expand to Africa and Asia Zelenslkyy announced this in his evening speech on May 15. He also said that now the oil embargo is the priority in🇪🇺's response to🇷🇺aggression

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Simon Johnson

@baselinescene

8 years

The Republican Bankruptcy Illusion by Simon Johnson @ProSyn ; Democratic and Republican plans for finance, compared

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Simon Johnson

@baselinescene

2 years

Europe Can Stop Russia’s Aggression @ProSyn Need to add a tariff on the way to an embargo. Focus on squeezing Putin’s revenue from oil #StandWithUkraine

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Simon Johnson

@baselinescene

8 years

Trump just took out Pence, with extreme vetting.

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Simon Johnson

@baselinescene

2 years

Op-Ed: The West should stop financing Putin's war - Los Angeles Times, Russia’s “balance of payments” for February 28, 2022: received $500m from the West for oil&gas; and continued killing unarmed Ukrainian civilians. Stop paying Russia!

Op-Ed: The West should stop financing Putin's war

The U.S. and other Western nations send Russia an average of $500 million for energy every day, effectively financing Putin's aggression in Ukraine.

www.latimes.com

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Simon Johnson

@baselinescene

2 years

Cost to Germany of boycotting Russian energy: very small. Cost to Ukraine of German hesitation: catastrophic. #BoycottRussianOil

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Simon Johnson

@baselinescene

8 months

A great article on why we should focus on productivity over technology, featuring #PowerAndProgress . By Dani Rodrik via @ProSyn .

Focus on Productivity, Not Technology | by Dani Rodrik - Project Syndicate

Dani Rodrik points out that innovation is not sufficient to deliver sustainable growth in living standards.

www.project-syndicate.org

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Simon Johnson

@baselinescene

5 years

“If you want America to win over China, double down on all the technology. I don’t think that’s a partisan issue.” @RoKhanna quoted in @WSJ by @GeraldFSeib today. The #JumpStartingAmerica team completely agrees!

Amid Polarization, Bipartisanship Emerges on China, Big Tech

In a time of almost paralyzing partisanship and polarization on just about every subject, it’s easy to miss the fact that on two of the biggest issues of the day—trade with China and new regulation...

www.wsj.com

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Simon Johnson

@baselinescene

4 years

Focus all economic policy on survival - help more people to get through the pandemic

Ro Khanna

@RoKhanna

4 years

2. We need to provide people with money to support their families, get medicine, get food, and pay for rent. You don’t need a fancy degree to understand this. This is about SURVIVAL ECONOMICS. Help people survive this with as little damage to their health or lives.

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Simon Johnson

@baselinescene

11 months

I’ll be at @HayFestival on 4 June to talk to expert economists @PJTheEconomist and @faizashaheen . I’ll of course be discussing my new book, #PowerAndProgress , and I’m very interested to hear what Faiza & Paul think of where we are and what happens next.

Paul Johnson and Simon Johnson talk to Faiza Shaheen - Massachusetts Institute of Technology

shapingwork.mit.edu

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Simon Johnson

@baselinescene

2 years

Set up a fund to pay cash to Ukrainian refugees now - pay for this with frozen Central Bank of Russia assets + confiscated oligarchy wealth. Just remember this will not cover even a fraction of the tragic costs they have caused

POLITICO Magazine

@POLITICOMag

2 years

We should use Putin's plunder to help hundreds of thousands of Ukrainian refugees, per @baselinescene & Oleg Ustenko

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Simon Johnson

@baselinescene

2 years

“It could render tens of thousands of marginal wells uneconomic and compromise complex pressure management systems at the field level. This risk is well appreciated by Russian reservoir engineers, but less evident to Western policy makers.”

Craig Kennedy

@CraigKennedy77

2 years

@RobinBrooksIIF @kevinfeldman For details on shutting-in, see pt 4 of . Robin is right, though it would take more than a week. Volumes of sanctioned oil far too large for more than a fraction to be smuggled. You'd need 30% of global VLCC fleet to get it all to Asia--can't hide that.

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Simon Johnson

@baselinescene

7 years

How a GOP bill could cause the next financial crisis

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Simon Johnson

@baselinescene

2 years

Target Russian Oil Revenue. by Simon Johnson @ProSyn There is no alternative, if you want to #StandWithUkraine

Why Target Russian Oil Revenue? | by Simon Johnson - Project Syndicate

Simon Johnson sees no alternative to a price cap that would permanently deny the Kremlin the means to wage aggressive war.

www.project-syndicate.org

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Simon Johnson

@baselinescene

11 months

Can #AI power up progress? If you’re local to #Seattle , please join me today for a discussion on my new book with @DAcemogluMIT #PowerAndProgress . Details below.

Town Hall Seattle

@THSEA

1 year

5/25 at 6 PM | In a time of rapidly-evolving technologies like AI, economist Simon Johnson ( @baselinescene ) reinterprets the economics and history of technological advances. Get Tickets:

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Simon Johnson

@baselinescene

7 years

NYT article today, "Democrats rallying around" Jon Ossoff - a win would send a big signal

Jon Ossoff

@ossoff

7 years

Be one of the first to vote and help us #FlipThe6th when early voting in person starts tomorrow. Find out more:

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Simon Johnson

@baselinescene

7 years

Take Back the House via @BillMoyersHQ

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Simon Johnson

@baselinescene

11 months

I’m grateful to John Naughton @guardian for this review of mine and @DAcemoglu ’s book, #PowerAndProgress .

Power and Progress review – why the tech-equals-progress narrative must be challenged

In an important new book, US economists Daron Acemoglu and Simon Johnson propose ways in which digital technology can be repurposed for human flourishing as well as private profit

www.theguardian.com

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Simon Johnson

@baselinescene

8 years

Mike Pence is now denying that there is a Donald Trump

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Simon Johnson

@baselinescene

9 years

Citigroup to Move Headquarters to U.S. Capitol Building http://t.co/u4PzbDRHMb via @newyorker

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