Dennis Snower

President @glob_solutions; @BrookingsInst; @INETOxford; President Emeritus @Kielinstitute

[Dennis Snower @DJSnower]

https://t.co/B6eOoyu0Q7

[Diana Urge-Vorsatz @DianaUrge]

"We witnessed Earth's highest global daily average surface temperature ever measured, possibly the warmest temperature on Earth over the past 100,000 years"
https://t.co/BabunTEW0N

[Dennis Snower @DJSnower]

Warmest September on record as 'gobsmacking' data shocks scientists https://t.co/8G7f4Fb5lC

[Mushtaq Bilal, PhD @MushtaqBilalPhD]

Nature rejected her paper for not being original,

University of Pennsylvania (her employer) demoted her,

and yesterday Katalin Karikó won the Noble Prize in physiology.

In mid-2000s, Karikó and her Drew Weismann submitted their paper on mRNA (messenger Ribonucleic Acid) to Nature.

Nature desk rejected their paper for being "an incremental contribution" only. The paper was later published in another journal, Immunity.

Earlier in her career at the University of Pennsylvania, Karikó was demoted because her applications for grants kept getting rejected.
But Karikó persevered and kept on going.

In 2013, she joined BioNTech, a German company founded by two scientists, Uğur Şahin and Özlem Türeci. In 2018, BioNTech partnered with Pfizer to develop mRNA vaccines against the influenza virus.

When the COVID-19 hit the world, Karikó's research helped Pfizer to produce the first vaccine against the disease.

I don't know how the Nature editors who desk rejected Karikó's paper and the Penn administration who demoted her feel about Karikó Nobel Prize.

Takeaway: Many academics and scientists worry about getting published in "prestigious" journals. Instead of worrying about prestige, we should try to put our work out as quickly as possible like Karikó did.

Once you put your work out without caring about prestige, two good things happen:

1. Your work will lead to newer opportunities.
2. You will start getting feedback from the scholarly community, which you can use to iterate and improve.

Here's another interesting Nobel Prize story.

Peter Higgs, a British physicist, joined the University of Edinburgh in 1956. By 1964, Higgs has published his groundbreaking work about subatomic particles.

After 1964, Higgs published less than 10 papers.
When his department would ask him how many papers, he published in a given year, he would reply "None."

It happened so often that he stared feeling like an "embarrassment to the department."

The University of Edinburgh, however, never fired Higgs because in 1980 he had been nominated for the Nobel Prize.

Higgs retired in 1996 and stayed on as an emeritus professor at Edinburg.

In 2012, experiments conducted at the CERN laboratory confirmed Higgs work and the existence of Higgs Particle.

And in 2013, Higgs was awarded the Noble Prize in physics and the University of Edinburgh got rewarded for being patient.

[Joss Garman @jossgarman]

Whoops. FT says collapsing UK carbon price after Sunak Net Zero changes mean:

- Billions that would have been raised from big polluters to fund NHS + other public services will now be sent to the EU instead.

- 🇬🇧 clean energy jobs will be a casualty.

[Branko Milanovic @BrankoMilan]

Fewer than 1% of Africans have an income above the rich world's median, and fewer than 1% of the people living in the rich world have an income below the African median. (All in PPPs)
The ratio between the two median incomes is 12.6.

[Philipp Heimberger @heimbergecon]

Fiscal austerity increases populist votes; the rise in populist party vote share is driven by economically vulnerable voters; new empirical evidence based on data for district-level elections in Europe.

[Philipp Heimberger @heimbergecon]

With proposed new EU fiscal rules including a hard 3% fiscal deficit limit, only four EU countries could meet the 3% green spending increase required to meet the climate goals.

[T20 South Africa @T20org]

Colin Mayer & @DJSnower propose that #G20 not just employ #GDP as a measure of economic prosperity, but also look at social #prosperity (social quality of life, encompassing solidarity and agency) and environmental #sustainability. https://t.co/cIB74ZTnO0

[Philipp Heimberger @heimbergecon]

China now exports more to the developing world than to the US, EU, and Japan.

[Philipp Heimberger @heimbergecon]

"London accounts for an outsized share of Britain’s output, but the magnitude of the UK’s economic monopolarity is remarkable. Removing London’s output and headcount would shave 14 per cent off British living standards, precisely enough to slip behind the last of the US states."

[Dennis Snower @DJSnower]

It is ridiculous to make inflation relevant only for monetary policy, not fiscal policy. It is sad that so many countries have forgotten the importance of active labor market policies and social policies in improving the inflation-unemployment trade off.

[Dennis Snower @DJSnower]

This on its own missed the point: The relation between inflation and unemployment has worsened. Core inflation at any given unemployment rate has increased. So we have a policy problem.

[Philipp Heimberger @heimbergecon]

Inflation is coming down across the globe.

[Dennis Snower @DJSnower]

An immoral decision: Biden decides to send cluster bombs to Ukraine. How can the West demand international humanitarian law, if it is a supplier of abhorrent weapons? https://t.co/ObWPL5X1PA

[Dennis Snower @DJSnower]

Badly needed: Treasury Secretary Yellen called on China to work together with the US to fight climate change and mitigate the effects on poorer countries. https://t.co/hFzdpyq3tu

[ORF @orfonline]

Measuring #prosperity in economic, social and environmental terms, the #G20 can gain a broader, more nature-centric and #human-centric perspective on what real progress means for societies, suggest Colin Mayer & @DJSnower https://t.co/aSzoXp3wZb

[Jay Van Bavel, PhD @jayvanbavel]

New research finds that Twitter’s recommendation algorithm amplifies anger, outgroup hostility, and affective polarization https://t.co/mlwF3TEUnq

This is a good reason to ignore the recommended Tweets.

[Prof. Salma Abbasi @Salma_Abbasi]

Loss of life for millions of infants, children, women & men in #Africa is inevitable. We need #financial models to swiftly fund global #emergencies to save lives #G7 #G7 #G20 #GSS2023 @isdb_group @WorldBank @DJSnower @AfDB_Group @KensingtonRoyal @RishiSunak #G7HiroshimaSummit

[Prof. Salma Abbasi @Salma_Abbasi]

Amazing & reassuring! @Bob_Moritz @Mo_IbrahimFdn @INatividad #Ronnie Chan passionately echoing support for @DJSnower new paradigm for #econmics to address escalating global challenges at #GSS2023 - We need #equity #equality #Governance & a seat at the table! #G7広島サミット #G20

[Misha @mishadavinci]

By 2025, ChatGPT will destabilize hundreds of millions of white-collar jobs.

It could mean mass job loss for the highly educated.

Here's what you need to know: