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Utterly mad idea. To offset Covid 19‘s impact on the World economy, might this not be the time to engage in coordinated global quantitative easing? Write off national & personal debt worldwide & credit creditors with an amount equal to what they are owed. #COVAID! 1/
Doing that now would reduce the usual risk of economic overheating because the depressing effect of the virus would damp down the risk. Possibly this is the only sort of time such a major piece of economic rebalancing could be attempted. 2/2
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Rawdon Crozier
@RawdonCrozier
This mad piece of late-night whimsy may not be totally mad - think of the practical benefits but start with what’s going to happen if nations have to deal with the crisis nationally, In a nutshell
...
...the World economy is going to be tanked by Covid 19; whatever is done on a national level there will be a legacy of misery & debt which will put financial pressure on individual countries. Increases in debt repayments will drive taxes up, quality of services down.
...
... If there’s an international rebalancing however, international debt is wiped out without a loss to creditors. I’ve acknowledged that would normally result in economic overheating but the measures to cope with the virus should dampen much of that. This would mean:
...
Read 12 tweets
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Rawdon Crozier
@RawdonCrozier
@David_Whiteside @BarristerSecret Just to give you a couple of example:
First:
Years ago as a pupil I represented a woman who presented as battered wife; she said her husband had on this occasion stabbed her with a broken milk bottle, not a deep wound but a nasty one for which she had had to have stitches & ..1/
@David_Whiteside @BarristerSecret ...there was no doubt about it because while we were waiting to get on, the stitches came apart & she had to go to hospital & be re-stitched & my solicitor took her & had to speak to the treating doctor so the judge could be told when she was coming back. It was an emergency ..2/
@David_Whiteside @BarristerSecret ... injunction so the husband hadn’t been served & wasn’t there & there had to be a further hearing. I didn’t for one moment doubt the wife’s account. Day of the next hearing she rang the solicitors, said there had been a reconciliation & wouldn’t be coming. Not that unusual ..3/
Read 10 tweets
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Rawdon Crozier
@RawdonCrozier
There may be an element of the fridge calling the freezer white in this & @snigskitchen did something a bit similar sooner but here's a poem I've called:
"Lol"
which, I'm told, can be a diminutive of Laurence.

(c) Rawdon Crozier 2020; licensed for not for profit transmission
1/
I.
I'm so mad
I just can't stand it
Yet the world can't see my plight
I get no sympathy or comfort
For being rich
And male
And white.

2/
II.
I'm so mad
I just can't stand it
Nobody feels for me
For having rich white views
And airing them,
On the BBC.

3/
Read 7 tweets

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LOrion
@LOrion
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LOrion
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Tola
@adetolaov
World War II led to creation of UN, IMF, World Bank & present world order. 2008 financial crisis changed financial regulation. 9/11 led to global war on terror,heightened government surveillance & tighter airport security.

My predictions on how #COVIDー19 will change the world:
The future of interaction is online. Instead of asking “why are we doing this online?”, the new question will be “why are we doing this in person?”. People will ask if meetings should simply have been emails. This is affect work, meeting, conferences, religious worship etc
Internet as a right. Government and individuals will start to see internet as a necessary infrastructure. Since outbreak started, schools & work have moved online. People without internet are at a disadvantage. Internet will become as important a right as healthcare and security.
Read 26 tweets
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Hanson Hu (胡海川)
@hanson_hhc
Left Bangalore last night and just landed in Shanghai today afternoon. I am surprised by how Pudong Airport and this metro city has been running, under the #COVIDー19 challenge. Here are some of my observations:

Key words: Color card, QR code, Self-protection.
(Thread)
1/
 My flight from Singapore to Shanghai is 80% Chinese passengers. It's easy to identify Chinese from other nationals because they do self-protection in the next level:

100% wear masks(so are other nationals), 10-20% wear goggles, 5% wear protective clothing, some even gloves..
2/
 After landing in Shanghai, passengers took turns to get out of the plane, which took 2+ hours. India is not among the 24 serious countries so I was in second batch. Passengers came from London is the highest risk so last batch. A passenger lived with a patient was separated.
Read 18 tweets
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Moosa Shifaz
@MoosaShifaz
Cannot agree more here. Basically this is contingency planning for Covid-19. Authorities needs to start working thoroughly by creating scenarios and responsive actions based on the situation. As per WHO risk assessment this outbreak is globally on category “HIGH”.(1/11)
PREPARE FOR A PANDEMIC! #COVIDー19 meets 2 of the 3 factors needed to be classified as a Pandemic; 1- illness resulting death 2- Sustained person-to-person spread 3- Worldwide spread. In no time we have to hear this as it has spiked on foreign lands in the past few days (2/11).
Although some of the efforts of preparedness have been done which needs to be escalated and boosted by the Maldivian authorities. I Would like to highlight few of the steps for better preparation. (3/11)
Read 11 tweets
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Tuomas Malinen
@mtmalinen
There are stubborn misconceptions about what has happened in the global #economy since 2009.

The most important fact, everyone should understand, is that this has been the decade of #China .

This is visible, e.g., in the global non-financial private debt.👇1/
China has also driven global capital investment cycle accounting over 50% of all investments to physical capital in major industrial nations since 2009. 2/
But, China has accomplished this through wasteful investments, which has effectively annihilated it's productivity growth. 3/
Read 7 tweets

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