Ted Fertik

VP manufacturing & industrial policy @BGAlliance. Fmr. staff, lifelong member @workingfamilies. Historian etc. Opinions my own.

[Bernie Sanders @BernieSanders]

Will Lawrence is running a people-powered campaign taking on Big Money interests. He's an organizer ready to champion Medicare for All, protect Social Security and demand accountability for AI companies.

He's the exact type of leader the American people deserve in Congress.

[Ted Fertik @tedfertik]

https://t.co/dl4doTXgJY

[Henry Sanderson @hjesanderson]

Is the Iran war really boosting EV sales in China? Not quite.. Read more in my latest Volt Insight newsletter post

[Ted Fertik @tedfertik]

Claude, with some encouragement from yours truly:

[Ted Fertik @tedfertik]

https://t.co/v1Rz44EgUG

https://t.co/UP4Bdu7zYL

[Ted Fertik @tedfertik]

Proponents of "climate realism" must be delighted.

cc: @noah_gordon_

[Ambassador Sergio Gor @USAmbIndia]

News! DFC will invest $1.5 billion to establish an investment platform to facilitate the buildout of energy security infrastructure across the Indo-Pacific, focusing primarily on South and Southeast Asia. This deal represents the single largest project investment in DFC’s history. The platform will mobilize U.S. private capital to develop liquified natural gas and other energy infrastructure in the region.

[Waleed Shahid 🪬 @_waleedshahid]

At the 2024 DNC, Uncommitted delegates requested to have American doctors who served in Gaza address delegates at the convention about their experiences. The DNC and campaign officials said no. Now a doctor who served in Gaza is headed to Congress.

[Ted Fertik @tedfertik]

@fredstaffordcs how much higher is developer hurdle rate vs. utility ROE, and does the (presumably) higher number reflect more risk. I agree that the fact that they were able to rebid, even if the bids don't reflect margin meaningfully above hurdle rate, does say something about absence of risk

[Ted Fertik @tedfertik]

@fredstaffordcs Null hypothesis would be that the bid prices more or less reflect actual hurdle rate, with a margin above it predicated on some theory about how much you can get away with (but that not likely meaningfully different from what utilities tell their regulators). The Q would be 1/2

[Ted Fertik @tedfertik]

@fredstaffordcs Useful chart. Seems like the 2024 prices will matter to the ultimate assessment. Noteworthy that 34 of the 57 that re-bid in '24 lost. That could be spun a bunch of different ways depending on the outcome of the '24 auction.

[Greg Ip @greg_ip]

A quiet milestone: Q1 GDP report showed labor share of GDP hit new low of 51.0% while domestic profit share rose to 12.1%, a record except for one quarter in 1950. Is it politically sustainable for capital's share of output to rise so inexorably? https://t.co/gpyh1AEkwl

[David Wallace-Wells @dwallacewells]

Amazing chart. Energy *importers* have invested about 5x as much in renewables and nuclear as in fossil fuels since 2022. Energy *exporters* have invested about twice as much in fossil fuels as in renewables and nuclear.

[Ted Fertik @tedfertik]

Claude, with some encouragement from yours truly:

[Ted Fertik @tedfertik]

Ah there it is

[Ted Fertik @tedfertik]

Stirring vindication of @70sBachchan @kmac thought

[Ted Fertik @tedfertik]

This is so good.

[Ted Fertik @tedfertik]

Stirring vindication of @70sBachchan @kmac thought

[Ted Fertik @tedfertik]

Stirring vindication of @70sBachchan @kmac thought

[Michael Liebreich - @MLiebreich.bsky.social @MLiebreich]

My latest for Bloomberg: "We are about to see the Great Clean Energy Acceleration 2.0 – a discontinuity in energy markets as profound as the oil shocks of the 1970s, and one that could bring forward peak fossil fuel use and emissions to this side of 2030." https://t.co/857eRwNea3

[Ted Fertik @tedfertik]

@TiltingatM3 ...to investment. Maier obviously had this intuition as well.

As you surely know @NMaggor has tried to put a framework like this to work on 19th c. US development

[Ted Fertik @tedfertik]

@TiltingatM3 Love this recap.

I've long wanted a social-psychological account of capitalist development & the pieces would come from Schumpter+Gramsci+Sartre. A real virtue of Steil's "Marshall Plan" is showing how much it was about restoring self-confidence of Euro bourgeoisie as key...

[David Wallace-Wells @dwallacewells]

This piece is typically excellent and withering. One point I'd add: Compared to the alternative, lower wages growing faster than higher ones is better. But in the 20th percentile, 8% wage growth means ~$2k more annually. In the 90th percentile, 5% growth means ~$10k more.

[Brendan Duke @Brendan_Duke]

An underappreciated point is that the Great Recession and COVID responses were large and affected the *level* of debt, but were temporary and have no effect on current primary deficits.

The 2001/2003/2012/2017/2025 tax cuts do and will continue to affect primary deficits.