1. Tech bros took pride of place at Trump's inauguration two months ago 2. They showed up in the expectation that the new administration would help their companies soar even higher
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3. They figured that Trump would push Europe to loosen regulation - and put pressure on China. 4. To show fealty, some dropped DEI policies (Meta), others interfered with editorial policy (WaPo) and others prepared to serve (DOGE)
5. That has turned out to be one of the worst bets in history. The values of their companies went down by c.$1tr yesterday in one day. Apple alone lost more than $300bn. 6. Finally, Trump has done the impossible: to join Liz Truss in the Economic Mismanagement Hall of Shame
Very proud of colleagues and friends who have published outstanding books in the last few weeks - and these four in particular:
1. The West: A New History of an Old Idea by @nmacsweeney - a wonderfully ambitious and outstanding sweep across millennia that asks important questions about how we think about the past waterstones.com/book/the-west/…
2. Courting India by @rentravailer - an important account, beautifully told, of the embassy of Thomas Roe to the Mughal Court - and the start of England/Britain’s relationship with India waterstones.com/book/courting-…
A quick 🧵Putin’s address last night was (presumably) delayed so it could go out middle of the night NYC time - where most global leaders are attending the UN General Assembly.
This buys a few hours; but above all it dominates morning news schedules - which has some presentational value /2
The logic (such as it can be applied) is to set up a forced settlement re the occupied territories. While some see this as an escalation, I’d be minded to see this as a (crude) proposal as to what Putin wants /3
Huge proportion of Russian war casualties from Tuva; Buryatia; Krasnodar Krai; Chechnya and other regions. Almost none from Moscow. In other words, Russia sacrificing minority peoples in the war against Ukraine. Fascinating discussion @Cambridge_Uni
Per capita casualties 300x lower for Moscow than Tuva - which has the highest median income of Russia's region.
Casualties amongst ethnic minorities - eg Kazakhs, Dagestani, Buryays & Tuvans - in Russia's war casualties disproportionaly (and very) high.