This wonderful, nearly ten minute tangent did not quite make its way into our latest episode. But we thought many of you would appreciate Cameron and Adam's Berliner discussion. So here's that whole segment as a bonus May Day special. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, Cameron and Adam look ahead to the upcoming May Day celebration and discuss the roots of this holiday as well as the current state of the labor movement. In the second segment, they talk about the economic impact of the massive outpouring of refugees from Ukraine both for Ukraine and for the host countries receiving Ukrainians. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode Cameron and Adam discuss how inflation is having an impact on wide swaths of the US economy and what tools are available to curb the rise. Adam also looks back at past inflation crisis to help decipher what course may be most prudent this time around. In the 2nd segment, the two discuss the critical state of Sri Lanka's economy which has suspended payments of its 51 billion dollars of foreign debt. Adam says Sri Lanka's crisis may be a harbinger for other developing economy which...
On paper, at least, the American tax code is one of the most progressive in the world. In reality, it's deeply unfair and inefficient. On this episode, Adam and Cameron discuss how it got this way and how it compares to the systems of other countries. Also, to mark Easter Sunday, Cameron and Adam discuss the financial state of the Catholic Church. Learn more about your ad choices. Visit megaphone.fm/adchoices
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war. Also on the show: The economics of canned fish. Learn more about your ad choices. Visit megaphone.fm/adchoices
The first round of the French presidential election is coming up on April 10. On the latest episode of Ones and Tooze, Adam and Cameron analyze what French President Emmanuel Macron’s views really are – and what it says about how France has changed. Also, there’s an April Fools’ Day special: a segment on the economics of humor. Learn more about your ad choices. Visit megaphone.fm/adchoices
More than 100,000 people currently want to evacuate the besieged city of Mariupol in Ukraine. On this episode of Ones and Tooze, Adam Tooze and Cameron Abadi look at the significance of this port city to Ukraine and Russia’s military campaign. Also on the show, Tooze and Abadi commemorate the Godfather’s 50th anniversary. Learn more about your ad choices. Visit megaphone.fm/adchoices
More than 50 million people are living under lockdown restrictions in China amid a dramatic surge of COVID cases. Adam and Cameron discuss the potential economic impact for countries around the world. Also, just in time for spring, a segment on the global flower industry, worth some $8.5 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices
As the war in Ukraine entered its third week, the price of a barrel of oil peaked at $130, its highest since 2008. The pain is already spreading around the world—to people who rely on gas to get to work or oil to heat their homes. On the show this week, Adam and Cameron discuss the possible longterm effects of the spike, including the impact on inflation and climate change. Also on the show: Don't bet against New Yorkers. In the first month since gambling became legal in the state, residents put...
On this episode, Adam and Cameron discuss the sanctions Europe and the United States have imposed on Russia's economy in response to its invasion of Ukraine. The penalties are unprecedented in scope but will they bring an early end to the war? Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode, Cameron and Adam discuss the sanctions President Biden has imposed on Moscow over its invasion of Ukraine and the gaping hole that allows Russia to continue exporting oil and gas. Learn more about your ad choices. Visit megaphone.fm/adchoices
Adam and Cameron take a closer look at the economics of the Canadian trucker protest to see how much damage one blockade can inflict on the entire Canadian economy and why a singular bridge has such outsized importance for trade between the US and Canada. In the second segment, a look at the Winter Olympics from an economic standpoint; how beneficial are they for the host country, the IOC, and individual athletes? And how much is an Olympic gold medal actually worth? Learn more about your ad cho...
The U.S. economy grew close to 6% in 2021, the strongest year in nearly four decades. On this episode of Ones and Tooze, Adam Tooze and Cameron Abadi analyze how we have bounced back from the pandemic recession, and what ways the economy is still falling short. Spoiler: It’s more than inflation. Also on this show, a Valentine’s Day special: Tooze and Abadi look into why perfume is booming and how the scent industry actually works. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/sub...
The cryptocurrency market has lost some $1.1 trillion in value over recent months. On this episode, Adam and Cameron discuss what accounts for the tumble and what function crypto serves beyond its appeal to financial speculators. Also on the show, the last of our lifecycle segments focuses on inheritance and, more specifically, on where the vast fortunes accumulated by the Baby Boomer generation will go when its members die off. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subsc...
If Prime Minister Boris Johnson loses his job over the the scandals now engulfing the British government, his political obituary will focus on just three things: Brexit, COVID, and Partygate. On this week's episode, Adam and Cameron discuss the sordid legacy of a man who seemed almost invincible just two years ago, and analyze the economic impact of Johnson's policies. Also on the show, part three of the lifecycle series: The Tawdry Arithmetic of the Midlife Crisis. Save 15% on FP subscriptions....
It's been lampooned as a gathering of "the rich and the clueless." U2 lead singer Bono referred to its attendees as "fat cats in the snow." So what makes the World Economic Forum's annual conference in Davos so closely watched? Co-host Adam Tooze has been there twice and would have traveled to Switzerland again this year had the confab not been relegated to online-only status thanks to Omicron. Instead, he talks to Cameron Abadi about what really happens in Davos and how the super rich different...
Talks with Russia to resolve the Ukraine crisis hit a dead end this week. As Foreign Policy reports, top Biden administration officials have reiterated the possibility of economic actions against Russia if it invades Ukraine. On Ones and Tooze this week, Cameron Abadi and Adam Tooze explain how potential U.S. sanctions against Russia would work, and analyze the state of Russia’s economy in general. Later in the show, our hosts delve into the first of a four-part series on what they’re calling ...
After watching the Beatles: Get Back sessions, Cameron Abadi was inspired to dive deeper into the economics of the Beatles versus the Rolling Stones with Adam Tooze. So, rock lovers rejoice, that’s what you’ll get in the second half of Ones and Tooze this week. But first, Tooze and Abadi dig into the heated online debate over price controls. For those not following, the internet somewhat broke over a Guardian op-ed arguing that price controls could fight inflation. Tooze tempers the hysteria and...
When we first aired this episode of Ones and Tooze on why prices are rising, analysts were warning of a possible inflation crisis. Now, two months later, the crisis is here, with inflation at a four-decade high. Listen to hosts Cameron Abadi and Adam Tooze discuss how inflation works and what it means for ordinary people around the world. Also on the show: what Germany’s increasing demand for Italian pasta says about the European Union economy. This is our last episode of 2021, so happy new year...
Congress has approved a $768 billion defense budget for 2022. If the Pentagon were a private company, would it be bigger than Amazon? Walmart? Also, can $859 billion buy you love? Or at least domestic goodwill? That's the amount of money Americans will spend on themselves and their loved ones ahead of the Christmas holiday. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megapho...
With President Joe Biden's Democracy Summit underway, Adam and Cameron discuss whether democratic principles help or hinder economies. The answer is more complicated than you might think. Also, if you have an old Ford Escort or other classic car, hang onto it. You might get rich. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/adchoices
U.S.-led sanctions have devastated Iran's economy over the past decade but have failed to curb the country's nuclear program. On this episode, Adam and Cameron discuss why sanctions sometimes work—and often don't. Also on the show: The travel and tourism industries accounted for a whopping 10.4 percent of GDP worldwide. Then COVID-19 came along. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad ...
10.4 million—that’s the number of jobs that are currently unfilled in the U.S. economy as of September, according to the latest data from the Bureau of Labor Statistics. That’s not much different than the record high of 10.9 million openings that were recorded back in July. As vaccinations have increased, and the economy has continued to open up, employers have been finding it incredibly difficult to find workers to fill jobs. Economists are calling it The Great Resignation—this phenomenon of pe...
President Biden's infrastructure bill allocates $15 billion to making electric cars more popular in the United States. Cameron and Adam discuss how that money will be spent and why the United States is still way behind China when it comes to infrastructure for electric cars. Also on this episode: Why COVID has been terrible for the American healthcare economy. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more...
On this episode, Adam Tooze and Cameron Abadi discuss the moves and countermoves of the bond market and the Federal Reserve Chairman in response to inflation. Also: A new alliance of banks and investment funds is committing $130 trillion to carbon neutral projects in the next 30 years. Green altruism or green washing? Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/...
On this episode, why Adam Tooze is optimistic ahead of the climate summit in Glasgow and how COP26 really works. Also: The food crisis around the world that could become a humanitarian crisis and even a political one. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inflation is rising quickly. Cameron Abadi and Adam Tooze discuss the who, the why and the whattheheck? Also, why are Germans are eating so much Italian pasta and what does it tell us about the European economy? Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week Cameron Abadi and Adam Tooze discuss the economists who won the Nobel Prize—for helping make the science of economics…more scientific. Also: Whatever happened to cap and trade? The strategy for stemming climate change is largely dead in the United States but surging in Europe. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of Ones and Tooze, Cameron Abadi and Adam Tooze discuss the scandal swirling around Kristalina Georgieva, who runs the International Monetary Fund. Also, what the steep rise in China’s life expectancy says about China—and about the United States. Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of Ones and Tooze, Cameron Abadi and Adam Tooze discuss the results of the German election and the economic policies of the winner, Olaf Scholz, of the Social Democratic Party. Also: Why is Greece, a country with huge debt and a terrible financial record, able to borrow money virtually for free? Save 15% on FP subscriptions. Visit https://foreignpolicy.com/subscribe/ and enter code TOOZE at checkout to claim this offer. Learn more about your ad choices. Visit megaphone.fm/adchoic...
