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Albert Pinto Profile picture
@70sBachchan
Jul 2, 2020 • 12 tweets • 7 min read • Read on X
Green city experiments are happening worldwide. 20thC was all about building cities around cars. Coronavirus allows for emergency measures that permanently revitalize neighborhoods & public spaces. bit.ly/pandemicurbani…
#CoronavirusImposesCarbonTax
If you added up all the space Manhattan gives to cars — roadway, street parking, garages — you’d have an area nearly 4 times as large as Central Park.

What if all that space was given to people? What then? Clean air? Safe streets? Healthy bodies? @fmanjoo nytimes.com/2020/07/09/opi…
In Paris,Anne Hidalgo used lockdown time to create more cycling lanes. Residents can get up to 500 euros to buy an electric bike & a €50 reimbursement to repair an old bike. Unsurprisingly, a cycling boom in a car-mad city. 3/ #CoronavirusImposesCarbonTax
time.com/5864707/paris-…
This could be every city. 4/
Bogota's mayor, Claudia López, opened up nearly 72 miles of new bike routes in March. With car traffic down, the city replaced 35kms with new 'emergency' bike paths. Similar $100M plan in New Zealand. Guerrilla urbanism! 5/
discerningcyclist.com/2020/04/pop-up…
N. American cities: ~50% of commuters drive. Cost? Pedestrian fatalities, congestion, sprawl & .

European cities: ~50% of commuters cycle. Benefits? Safer, healthier, wealthier & greener.

Cities are cash-strapped & greener is way cheaper. 2020 could be a turning point. 6/
Bicycles are selling like hot cakes and in the best kind of supply-chain disruption story (remember #CoronavirusImposesCarbonTax?) manufacturers can't keep up w demand. Cycle sales in the US have been the highest since the oil crisis of the 1970s!!
dw.com/en/covid-19-ca…
8/ Amazing crowd-sourcing by Tabitha Combs @DCRPcarolina to put together what 100s of cities have done to create safer, people-friendly streets.
docs.google.com/spreadsheets/d…
pedbikeinfo.org/WalkBikeSocial…

#CoronavirusImposesCarbonTax
9/ At least 100 cities have abolished fares in public transport!! Its the first time I've heard of guerrilla urbanism but its apparently on? #CoronavirusImposesCarbonTax ht @wkeblowski
docs.google.com/spreadsheets/d…
10/ Coronavirus is to 21st Century as
Cholera was to 19th Century.
@citiesforpeople not tons of metal —Jan Gehl.
petkovstudio.com/bg/wp-content/…

If a car-mad city can change so fast, every city can. 2 is to 1 ratio of cycle to car space should be the new Paris Climate Agreement
If you added up all the space Manhattan gives to cars — roadway, parking, garages — you’d have an area nearly 4 times as large as Central Park

What if all that space was given to people? What then? Clean air? Safe streets? Healthy bodies? @fmanjoo #NUMTOT nytimes.com/2020/07/09/opi… Image

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More from @70sBachchan

Albert Pinto Profile picture
Jul 12
Latest @polycrisis dispatch is out. @kmac & I show just how deep the finance-ecology-geopolitics rabbit hole Hurricane Beryl goes. Sign up here:

buttondown.email/polycrisisdisp…
2/ Ecology: With super hot oceans, we are very worried about this Atlantic hurricane season. THIRTY storms are predicted plus minus 5, depending on el nino

Finance: Worry that coming devastation will shake insurance industry to the core just as 2004-5 did
phenomenalworld.org/analysis/globa…
Image
3/London, Zurich, Bermuda are home of reinsurance.
Insurance model rely on risks being 1 Uncorrelated 2 Calculable 3 Paid for by mkt returns elsewhere
But #globalwarming upends Insurance
It correlates risks (global!); creates catastrophic fat-tails; and crimps returns everywhere. Image
Read 4 tweets
Albert Pinto Profile picture
Jul 4
what reading one book by Brett Christophers does to a mf
‘while it is possible to prevent businesses from doing profitable things, it is impossible to make them do things they consider insufficiently profitable’. Why do all this 'market failure' nonsense
ft.com/content/b2b6fb…
Brett Chrisopher's work on Rentier Capitalism has been eyeopening. Asset Managers like Blackrock now run the roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; electricity & heat. Nice profile

@ddhitchens
compactmag.com/article/how-as…
Under capitalism, profit expectations drive companies’ invstmt decisions. Building solar/wind & selling the electricity they generate, however, generally is not a very profitable business What sort of returns do investors earn, asks Brett Christophers time.com/6958606/climat…
Image
Read 9 tweets
Albert Pinto Profile picture
Jun 4
Yes, BJP still sets the terms in the Indian parliament. But it will not have the decisive electoral majority of 2019-2024 lok sabha where it ran bills with zero opposition or consultation. After this election it will have to respect India’s opposition and democracy
India's stock market slides. Their logic?
BJP not winning in a landslide -> forced to have a NDA coalition government that will inevitably have to be more pro-welfare
--> hence the BJP cannot do nakedly pro-rich liberal reforms --> Oops, sell sell sell

Image
Adani's reversal tells you everything.
"In 9yrs of Modi’s tenure, Adani’s wealth grew from $8bn to $137bn. In 2022 alone, he made $72bn, which is more than the combined earnings of the world’s next 9 billionaires" ht @AnnPettifor

theguardian.com/commentisfree/…

Image
Read 42 tweets
Albert Pinto Profile picture
Mar 30
1/ "What's happening in Guyana isn't just happening there. All over the globe, oil companies are racing to tap as many of the remaining fossil fuel reserves as they can"
@jeffgoodell :

Nice @WeAreDrilled @amywestervelt
rollingstone.com/politics/polit…
stitcher.com/show/drilled

Image
2/ This is not a a story of Guyana’s PM lecturing western liberals over hypocrisy climate, oil & Amazonian forests.

But a geopolitical story of developing country elites working with western firms (Exxon) to sell to western markets (oil goes to europe)
phenomenalworld.org/analysis/offsh…
3/ "Guyana is now producing nearly as much oil as Venezuela -1 of the largest oil exporters since the 1920s & founder of OPEC

This amazing article on Exxon shows that the logic of imperial exploitation of natural resources is alive & kicking"-@GaraviniG
phenomenalworld.org/analysis/offsh…
Image
Read 7 tweets
Albert Pinto Profile picture
Oct 21, 2023
White House request to Congress for $106 billion in emergency funding for foreign aid.

A budget tells you more than words about actual priorities. Full breakdown in this PDF incl military aid to Ukraine, Israel, intl development (World bank) etc Thread whitehouse.gov/wp-content/upl…
Image
2/ UKRAINE: US so far has sent more than $75 billion to Ukraine. Of new $106B, Biden asks $61B for Ukraine.

~$50B military aid, loans for military gear, DOD stocks of weapons etc (Pg 4-27_
~$11.75B economic (pg 42)

New aid is opposed by GOP in House
whitehouse.gov/wp-content/upl…

Image
Image
3/Reminder why Biden's request for emergency funding looks the way it does-$106B for ukraine,israel,border, humanitarian. US congressional politics when governed by Dem president+Dem senate+Republican house makes funding requests look like a dogs breakfast
Read 4 tweets
Albert Pinto Profile picture
Aug 16, 2023
“opposite responses of China and the U.S. have revealed that the two countries appear weak only because their strengths are asymmetric”

Key point from @BuddyYakov: US and China can mobilize their fiscal and productive capacity in a way that EU cannot.
noemamag.com/the-american-f…
deja vu Policy debates in US-EU-China

US, 2021:
Do more fiscal spending into the pockets of most vulnerable households and businesses!

EU, 2022:
Do more fiscal spending ....!

China, 2023:
Do more fiscal spending into the pocket of most vulnerable households and businesses
Thread on EU’s own goal
Read 6 tweets

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