Alternately Defiant, Dispirited, and Despondent. Without illusions but not disillusioned. Focus on Climate, Inequality and Development.

Barcelona, Spain
Joined June 2014
fruit of a few years of thinking w @policytensor about Climate, global political economy, & power in this essay. Nothing in life is certain except destabilizing climate, 'uneven & combined development' & taxes. Please read & let us know what you think :) policytensor.substack.com/p/…
5
23
5
76
Show this thread
71/ "As Afghanistan enters its harsh winter season, a massive humanitarian disaster...food shortages, rising prices, and a breakdown in public services, millions of ordinary Afghans need immediate assistance as their country veers toward economic collapse" cgdev.org/blog/brink-enablin…
0
1
0
1
Show this thread
Albert Pinto retweeted
31/ Why is no political party taking credit for the stunning drop in poverty in the US during a catastrophic pandemic? Thanks to govt supporting incomes it's the 1st recession in history where household income rose rather than fell Must-read ht @jwmason1 jwmason.org/slackwire/a-c-sh…
0
1
0
4
Show this thread
Albert Pinto retweeted
To give a sense of what's at stake with the billionaire tax plan released today: In 2018, Elon Musk paid $8,410 in federal income tax (according to the ProPublica leak) With the billionaire tax, he would pay around $50 billion in the next 5 years
6
45
8
149
Albert Pinto retweeted
Wyden: "We had our version of a red team of people who were very knowledgeable in the field" who helped them craft the billionaire's tax. If you tried to find out who they were you wouldn't get far. This was a "hiring bank robbers to find the weak points at the bank" operation
Is the "billionaires' income tax" really happening? Are Manchinema and Biden on board? Is the tax even constitutional? Could it be enforced? I just got off the phone with Senator @RonWyden, the plan's architect. Here's the interview. the.ink/p/the-architect-of-t…
4
27
1
98
Albert Pinto retweeted
We can't let billionaire corporations get away with paying almost nothing in taxes, while Americans are left holding the bag. My new plan with @SenAngusKing and @RonWyden will ensure these companies stop cheating the system. wsj.com/articles/corporate-m…
207
410
25
1,845
Albert Pinto retweeted
The text of the billionaire tax is out—and wow! Think of it as a big one-time wealth tax of 23.8% on billionaires’ equities (minus purchase price), payable in 5 years + an annual tax on their future gains The one-time tax alone would raise $275B from the top 10 billionaires
18
115
26
338
Show this thread
Albert Pinto retweeted
New post: A C-Shaped Recovery How has income has changed across the distribution over the past two years, compared with the Great Recession? Then, the biggest falls were at the bottom. This time, the lowest incomes actually rose. jwmason.org/slackwire/a-c-sh…
4
30
11
131
Show this thread
Albert Pinto retweeted
💥New report: "The world's largest asset managers 2021" — a 🧵 AUM of the world’s top 500 managers increased by 14.5% in 2019 to $119.5 trillion! North America still dominates with 59% of total AUM. Now 14 US asset managers in the Top 20, down from 15. thinkingaheadinstitute.org/r…
1
5
1
12
Show this thread
How did US become🌎biggest oil producer? Wall Street gave easy money to frackers who promised them profits....in the future Now, Walll St is disciplining frackers. Drilling no longer increases with oil prices. You gotta pay the man first. No more money to burn @policytensor
Updated version of this popular graphic. 2021 even more of an outlier now vs the summer. Furthest to the right and just barely above 2016 on the vertical. But zip codes and DUCs matter. Permian nearly producing back at January 2020 volumes.
1
4
1
7
As predicted by game theorists Lions & Lasry the interests of Wall St+BigOil have converged with MBS and Putin. Small fry US frackers that changed the world oil market in 2010s have been disciplined amp.ft.com/content/1da60fa2-…
Replying to @70sBachchan
Politics of #StrandedAssets & #StrandedCountries now intersect. Capital Markets had judged pvt frackers as much more risky than Saudi Arabia & Russia. In war of attriton, US Capital Markets will now decide Frackers fate #GeopoliticsOfGHGs bloomberg.com/amp/opinion/ar… ht @davidfickling
Show this thread
1
0
0
3
World-historic fracking boom was driven by explicit Govt policy. As Obama boasted “You wouldn’t always know it, but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer & the biggest gas —that was me, people"
Thanks Obama! Oversaw 2010s fracking boom that turned US into 🌍 largest oil producer. A Paris Treaty/CPP President was also a Drill-Baby-Drill President.
Show this thread
0
1
0
5
30/ Nigerian regime is dependent on oil (65% of govt revenue!). Inability to create a productive economy is dooming it to "cronyist appointments, rising inequality, and the entrenchment of northern rule underpinned by violent repression" Eyeopening piece: newleftreview.org/sidecar/po…
0
0
0
1
Show this thread
Albert Pinto retweeted
Petrostates collapse coz oil reserves are left in the ground? Demand may peak but its lowest cost producers who may enjoy a feast before the famine. "Everything You Think About the Geopolitics of Climate Change Is Wrong" @JasonBordoff foreignpolicy.com/2020/10/05… #GeopoliticsOfGHGs
1
6
1
8
Show this thread
Albert Pinto retweeted
Game Theory proof from 30th March right now: QED □ "The fuller storage capacity gets, the closer oil prices will get to zero. When and if capacity is maxed out, oil prices will turn negative. On current trends,this could happen within months if not weeks"
Replying to @70sBachchan
"Its [US BigOil] market interests..have effectively converged with those of Russia and Saudi Arabia. By threatening to open the floodgates, the latter can compel it to join their club" Things have gone mad when Maths Field medallists clarify Oil strategy! ft.com/content/1da60fa2-3d63…
Show this thread
1
4
1
16
Show this thread
Albert Pinto retweeted
"Its [US BigOil] market interests..have effectively converged with those of Russia and Saudi Arabia. By threatening to open the floodgates, the latter can compel it to join their club" Things have gone mad when Maths Field medallists clarify Oil strategy! ft.com/content/1da60fa2-3d63…
2
5
1
9
Show this thread
Albert Pinto retweeted
“Favoring “controversial” posts — including those that make users angry — could open “the door to more spam/abuse/clickbait inadvertently,” a staffer, whose name was redacted, wrote in one of the internal documents. A colleague responded, “It’s possible.” 😡
Facebook secretly weighted reaction emojis, including "angry," as 5x the value of "likes"--over the integrity team's warnings. We wrote about the obscure, often arbitrary, human decisions that shape Facebook's algorithm and how we all interact online: washingtonpost.com/technolog…
Show this thread
2
67
3
201
Show this thread
Albert Pinto retweeted
The three months before @POTUS took office the so-called "JOBS PRESIDENT" was creating 50,000 jobs a month. Since then 👇
Monthly job growth has averaged 561,000 jobs a month in 2021. It's 612,000 a month since March. The average for June-July was 1.026 million jobs a month. Big upside revisions, never really covered, are part of why you aren't aware of this, but also because it's off narrative.
Show this thread
119
905
23
3,454