This is a huge blow to the more than a million International students in the US almost 3/4ths of which arrive from Asia.
China ~ 400,000
India ~ 200,000
S Korea ~ 50,000
Its also a hammer blow to US college towns & jobs.…
MIT/Harvard file lawsuits supported by Massachusetts Attorney General. #StudentBan

"The order came down without notice—its cruelty surpassed only by its recklessness...We believe that the ICE order is bad public policy, and we believe that it is illegal”…
"ICE’s decision reflects an effort by the federal government to force universities to reopen in-person classes...the effect—and perhaps even the goal—is to create as much chaos for universities & international students as possible."
This is what a million intl. students are going through. "Shortly after ICE announcement, Chinese intl students circulated a flowchart depicting how the virus, China’s flight policy & Trump’s immigration policies have combined to scramble their lives"… Image
Wonderful news! The Trump admin increasingly looks like a paper tiger.
The famous 1927 Solvay conference had just 2 Americans. 10 yrs later, after Europe went fascist, the scientific research frontier moved entirely to the US. If US turns away students & researchers, its loss will be other countries gain. ht @curiouswavefn Image

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More from @70sBachchan

Jan 30
Export controls are back. Sometime in the last month the US coordinated chips controls on China with Japan and Netherlands.

Thread on history of Export Controls. "A Risky Tactic That Requires Cooperation From Allies." ht @chadbow…
Companies want to maximize profits. Capitalism means companies are constantly trying to enter new markets to earn new profits.

Enter National Security. A series of technologies - nuclear, oil pipelines, quiet submarines, now chips - have been controlled…
3/ Europeans wanting Russian energy/mkts & Americans warning them about dependence is a long story

JFK in 1963 tried to sanction Europeans for their "pipes-for-oil" deal with Soviet bloc

Reagan in 1981,sanctions Siberian gas pipeline

Trump in 2019, NS2…
Read 4 tweets
Jan 30
Our newsletter on Yellen’s geo-economic speech ratcheting up Cold War in Africa

“Countries need to be wary of shiny deals that may be opaque,” she said, which “can leave countries with a legacy of debt, diverted resources, and environmental destruction.”…
What 'scramble to Africa'? It is a travesty, as
@FofackHippolyte the director of African Export-Import bank points out, that Canada got more FDI in 2020 than fifty-four African countries put together

Our newsletter on 'New Cold War':…
Africa has a mountain of debt, estimated at $645 billion. Growth needs cancellation.

China has been adamant that multilateral development banks, as well as private creditors like BlackRock, which is the largest owner of Zambian bonds, accept losses too.…
Read 4 tweets
Jan 28
slow clap for everyone who wanted "competition with China but cooperation on climate change".
"Considering China’s dominant position in wafers & the segment’s relatively high barriers for entry, it’s reasonable for China to consider the ban to avoid leaking tech to overseas players"…

How much could solar installations slow?
slow clap for Biden's National security advisor Jake Sullivan who chose Cold War with China over climate cooperation. Opposed by so many of us who bluntly said that would not work. It was a fork in the road.…
Read 15 tweets
Jan 18
I talked with @africasacountry about the new nonalignment & polycrisis in global south
-policy induced global recession
-breakdown in West-China-Russia relations.
-societies boil coz of inflation
-explosive electoral politics of dollar debt crisis… Image
2/ Thanks to @africasacountry for interviewing me about my Nonalignment article where I argued stance of middle powers is a bargaining chip

Delhi, Jakarta, Brasilia, etc want tech transfer,military hardware etc. They want to play US & China off each other… Image
3/ Uprising in Sri Lanka illustrates age of "polycrisis"
Mask - Corona crisis.
Bread - Food crisis
Fire - Petrol crisis
Banks - Dollar debt crisis

Thread tracking explosive politics of debt esp in global south @africasacountry… Image
Read 34 tweets
Jan 9
1/ For as long as there has been UN global climate diplomacy, developing countries have had 2 asks - rich countries should go green first & fast.

While they have argued for gradual transitions. 2022 showed developing countries underestimated 2 big factors… Image
2/ Firstly, energy transitions do not happen in a vacuum. Each country is highly exposed to decisions made by others.

Decisions to launch wars,interest rate decisions, Industrial policy legislation in rich countries that can make developing countries export sectors uncompetitive
3/ Secondly, cost of capital is cheaper in rich world, pricier in developing countries. While Climate damages are concentrated in global south

So when climate risk is taken into account,developing countries have to pay even higher capital costs -> slowing their energy transition Image
Read 6 tweets
Jan 5
Almost no Indians drunk tea before 1930s.

Drinking chai in India only becomes popular in the 1930s. The Great Depression collapses prices just as British Indian tea plantations production surged. So tea marketing boards tried to create a domestic market…
tea explodes in India 1930s: "Traveling salespeople promoted tea everywhere, from train stations & factories to the countryside. At public demonstrations, they showed how to brew tea & urged people to drink free sample cups or take home single-use packets"…
"most dramatic expansion of tea consumption... chai (produced by boiling tea leaves in a mixture of milk, water, sugar...cardamom, cinnamon, clove, ginger)—only occurred after 1947 & the ensuing transfer of majority ownership in tea estates"…
Read 8 tweets

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