@andymukherjee70@bopinion@rpollard I agree with Andy that the greater tragedy here is that a more consultative, thoughtful reform of India's farm economy might have provided the bedrock of the industrialization and growth the country so badly needs.
@andymukherjee70@bopinion@rpollard This story is IMO the most important under-reported one in the world today. Outside of India IMO people have only the vaguest outline of what's happened, but this will decide not just the fate of 1.4 billion people but the shape of the entire global economy in the 21st century.
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Net debt will be smaller because you net out cash; and you only count drawn-down borrowings in the credit facility as debt, whereas a line of credit is the whole facility.
Does is make a difference that tennis isn't fundamentally a team sport, so its stars tend to speak their minds whereas the likes of the NBA were more easily cowed?
The counterpoint is the John Cena thing, but professional wrestling isn't exactly famous for its performers' fierce independence from the system: cbsnews.com/news/john-cena…
The other factor is that this is being led by sports*women*, and is not just a China thing but a #metoo thing too.
We think of the founder of GE as the great inventor Thomas Edison, but its true founder was just as much (if not more so) another crucial figure of America's Gilded Age, John Pierpont Morgan, the founder of JPMorgan.
Edison attracted Morgan's interest when he installed electricity in the financier's 5th Avenue house. J.P. Morgan was an archetypal early adopter of this brand-new technology, and quickly glimpsed its potential.
Worth remembering that a near-term emissions peak, by 2025 or so, is very much in line with China's own internal plans around its power and heavy-emitting industries.
The fact that we have seen no advance of the pre-Paris Agreement target of 2030 is incredibly telling.
Really worth remembering that "2030 peak" wasn't a new thing from Xi's 2020 UNGA speech, it dates all the way back to 2015: reuters.com/article/us-fra…
"The AEC still believes that it would be relatively easy physically to open up gas resources at the rate of one trillion cubic feet per year with the explosion of one hundred nuclear devices a year."