It's now official.
The #WallStreetConsensus will soon be a book - about the return of the transformative state.
There may be some Taylor Swift/Travis Kelce macrofinancial jokes (she inflation targeting, he Big Finance) in it.
The EU is set to join Pax Silica, the US-led initiative to secure supply chains (and counter China) for AI chips & critical minerals. After weeks of debate and US reassurances, EU ambassadors are expected to approve the move on Wednesday.
https://t.co/IQZnIf7wfF
@AndyBurnhamGM the only vigilantes tribe you don't want to speak to are hedge funds, since their positions bet on short-term gilt price movements - talk to the Bank, talk to pension funds, talk to non-resident holders with more incentives for 'buy to hold' etc
Andy Burnham cancelled a call with hedge fund managers this week at short notice, in a stumbling start to the Labour leadership favourite’s efforts to reassure nervous City of London investors about his borrowing plans https://t.co/3jThSYRYvw
India’s ambition to build and export a sovereign AI template across the world is colliding with structural constraints: years of underinvestment in compute capacity, a late start in building the most advanced AI models, deep reliance on foreign cloud providers and a venture capital culture wary of the vast, risky bets that define the global AI race. https://t.co/0HhK3Iwzqw
🎨: 731; 📷️: Getty Images (2)
Congratulations to both - a well-deserved award for a devastating investigation worthy of Paul Foot himself. @johnmcdonnellMP has called for a full Parliamentary inquiry into the Labour Together project - it needs to happen.
Young people were promised that AI would make them more productive, creative and employable. Many now worry it might make them less valuable instead. https://t.co/DBzYUY5lGt
Will a sharpening of geopolitical tensions cause states to enact more radical policies?
Last week we were joined by Geoff Mann, Daniela Gabor and Oliver Eagleton for the launch party for AIRBORNE: Issue #3
Live episode now out wherever you listen to your podcasts.
@ck_gen ha, yes, Hyman Minsky taught us it's hard to predict the exact timing of a top :). But that doesn't mean there is no bubble, unless you know something I don't
Mandelson, the man who was besties with the pedo, child sex trafficker, Epstein, objecting to circulating video evidence of Israeli atrocities against Palestinian children. A theme
Like the infamous “there’s no money left” letter at the end of New Labour, Pat McFadden saying Labour MPs just want know “who can we tax in order to pay benefits to others” will be hung round the party’s neck for years to come..
The @TheGreenParty@ZackPolanski should also ask how Peter Mandelson arranged for UK to join Trump's Pax Silica, a project explicitly pursuing US AI supremacy with lock-ins and dependencies that will be hard to unravel.
Labour’s Palantir scandal.
Emails appear to show Peter Mandelson using his position to arrange access to government ministers for Palantir - the US military tech company with access to NHS Data.
We demand to know what access was arranged, what meetings took place, and what was discussed?
This is an unprecedented expansion of surveillance over Chinese companies and citizens operating abroad by Chinese State Council and effectively putting them to be under the lense of the regime for their employment or investment decisions.
https://t.co/qv2Nvk9MkP
Many have tried industrial policy: India, Brazil, France, Germany, Indonesia, even the US. But why have some been more successful: Japan, South Korea, China, Taiwan?
Great FT piece by @tejparikh90: “China’s comparative advantage is industrial policy” https://t.co/N5QLZ4OdOU
@Davesmithg3qv Mate chill with your sexism, I'm in a football club in Bristol, and I regularly attend matches, including England's women team. I also know the booziness of English fans.