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Shawn Donnan Profile picture
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24 Feb, 6 tweets, 1 min read
Been thinking about this lovely piece by my former colleague @JoshuaChaffin... My initial take on the 5 I’d invite to dinner was: Philip Roth, Don Delillo, Jan Morris. Nina Simone and Tim Flannery (Aussie polyglot). But I’m having doubts.

Your 5?

ft.com/content/75f76d…
My main qualm is I’m worried that I have too many ornery people on my list... I’m pretty sure I’d just end up in a corner talking to Jan, Nina and Tim while Philip and Don grunted at each other in a corner.
Then again I bet Don mixes a mean Old Fashioned... And Philip would bring a nice bottle of wine...
I was also thinking last night that maybe solution is organizing series of themed dinner parties.

Great journalists: Jan Morris, Martha Gellhorn, Walker Evans, David Halberstam and an early mentor of mine - George Esper.

Great Red Sox: Ruth, Williams, Yaz, Pedro, and Ortiz.
Great visual artists I like: Salgado, Picasso, Otto Dix, Andrew Wyeth and Walker Evan’s again...
Etc...

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More from @sdonnan

Shawn Donnan Profile picture
25 Feb
And we're off with Katherine Tai's confirmation hearing... Chairman Ron Wyden kicks it off with a call for "smarter, stronger" US trade policy... "Four more years of mean tweets and chaos from the White House won't cut it..."

finance.senate.gov
Here's five questions I'd like to see senators ask @USTradeRep nominee Katherine Tai:

bloomberg.com/news/newslette…
Interesting shot fired by Mike Crapo in his opening statement re the Biden plan to hit the pause button on new trade deals. He's pushing for Biden to go forward with a deal with the UK. Now pointing to China and RCEP... He's calling for "energetic and effective" trade policy.
Read 42 tweets
Shawn Donnan Profile picture
25 Feb
Today in why context matters...

The initial jobless claims data out this morning points to what some are calling a "sharp fall" in weekly claims.

Claims last week were 3.5x what they were a year ago. The 4-week moving average was almost 4x. Image
And that doesn't include special programs set up in response to the pandemic that the latest data show covering >12m of the >19m in the US claiming or receiving unemployment benefits.

Another bit of context: 19m is the population of New York state. Image
Another bit of context:

The decline was largely due to the extreme weather that hit a large swathe of the US last week, as @joebrusuelas points out here: realeconomy.rsmus.com/initial-jobles…
Read 5 tweets
Shawn Donnan Profile picture
6 Oct 20
If you scratch the surface of this economic crisis it’s not hard to find the legacy of the last... In Cleveland you can find it in the churn in ownership of rental properties in Black neighborhoods. One house we looked at traded hands 7x in two years... 1/ bloomberg.com/news/features/…
11410 Clarebird Ave was essentially owned by two families between 1975 and the early 2000s.

It peaked in value in 2004 at $93k.

Last year it sold to its current owner, a company called BL US1 LLC, for just over $65k.

In other words in 15 yrs it lost a third of its value.
Who is behind BL US1 LLC? All we know is that it is a French investor... Yes... French... And the $900:month rent meant they were getting a 16% gross annual return on their investment... 3/ Image
Read 9 tweets
Shawn Donnan Profile picture
2 Sep 20
Economics is about people. So if you want to understand an economy you have to talk to its people.

Since late March I've been speaking to people in Ambridge, PA, a place that once was called Economy.

This @BW story was the result:

bloomberg.com/news/features/…
@BW This is Felicia Mycyk. She is a track and football coach. She's also a community activist who does all sorts of things from handing out laptops to kids who need them to running Zoom community discussions. She runs Ambridge Connection, which is like a community corner on Facebook,
@BW This is Rick Thornhill. He's the pastor at the New Hope Community Church. This summer he officiated at three funerals for men who died from overdoses. To him and his community that remains a bigger crisis than Covid-19.
Read 7 tweets
Shawn Donnan Profile picture
27 Jul 20
Spoke with my mother in Australia last night and it reinforced for me how the US has completely lost perspective on COVID-19 both in terms of scale of outbreak here and needed response.

Australia has seen daily cases spike to 450+ a day. No there aren’t zeros missing there...
Australia is a small country. But it has a population of 24m people. That’s more than Florida (20m), which is reporting roughly 10,00 cases a day.

My county in Maryland has a population of 1m. It has reported 17k cases and > 700 deaths. Australia has had 14k and 161 deaths.
How is Australia responding? Any intl travelers (including Australian citizens) have to spend 14 days in quarantine under guard at a government-designated hotel.

In response to the latest spike caused by an outbreak in Melbourne authorities have locked down the city again.
Read 11 tweets
Shawn Donnan Profile picture
17 Jul 20
Economics is about people. So if you want to understand if an econ policy works you need to talk to people.

I made two trips to Cleveland earlier this summer to ask whether a $2tn federal rescue is working. And I met some great people...

bloomberg.com/news/features/…
This is Bridget Ferguson. She is 28 and a mother to five kids under 8. Her bid to relaunch her life after more than a year living in a shelter was delayed by the pandemic in March. She moved into a new home in June. But she still needs child care so she can go back to work.
This is Tony Jones. He’s been turned down for unemployment and can’t see how he would apply for a small business loan for his barber shop. He was shut for two months earlier this year because of the lockdown and reopened May 15. But business is still very slow.
Read 7 tweets

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