#BREAKING Indonesia announces fuel rationing, orders civil servants to work from home one day a week, amid price hikes due to Mideast war

This is a very cool paper with a clever identification strategy to test the causal impact of the opioid epidemic on various political outcomes.

A key point that’s not in the abstract —causal mechanism is voters agreed with GOP tough on crime rhetoric and policy.

“In Victorian mill towns, workers saved up to buy books. In one Scottish locale, a boy noticed a ragman reading a book. The book—which the ragman lent him—was Thucydides. The boy was Ramsay MacDonald, who would go on to become Britain’s first Labour prime minister.”

Vanhukset | Risto Murto: Aikuiset lapset saattavat jatkossa joutua ottamaan enemmän vastuuta vanhemmistaan Julkisen talouden heikkeneminen voi johtaa tilanteeseen, jossa vanhuksille ei ole riittävästi ympärivuorokautista hoitoa, Murto arvioi.

Kesän keskusteluihin. www.hs.fi/politiikka/a...

Bernd Lange stressing an important point that still sometimes gets lost: For the EU, sectoral tariffs are much more important than a general baseline - most of the EU exports into the US are concentrated in few key sectors.

Who should be charged? The challenge of fairly allocating electricity system costs Can Europe lower electricity costs without deep compromises?

🎥 ICYMI: Who should be charged? The challenge of fairly allocating electricity system costs

Rewatch the event with Benoît Esnault, Anna Stürgkh, Derk Swider & @gzachmann.bsky.social on European challenges of electricity costs and the relative policy trade-offs.

🔗

Tapasimme Risto Murron: Murroksessa kohti parempaa — Työeläke-lehti Historiallisen suurta osakepainon nostoa ei kannata ajoittaa yhteen päivään, sanoo Risto Murto. Varman toimitusjohtajan mukaan eläkeuudistus tulee saattaa voimaan asteittain.

"Jos emme ole koulutuksen suurvalta, niin mikä me sitten ollaan?"

@rmurto.bsky.social‬ peräänkuuluttaa panostuksia T&K-toimintaan, koulutukseen ja työperäiseen maahanmuuttoon.

Lue Murron haastattelu tuoreesta Työeläke-lehdestä

tyoelakelehti.fi/2025/06/tapa...

#koulutus #tulevaisuus

Graph showing hourly wages in the private and public sector in Denmark, index. It shows that wage increases across sectors have been similar over time. Strong coordination of wage setting has been maintained in Nordic countries through pattern bargaining. The tradables sector sets the first agreement, which then serves as the nationwide norm for subsequent wage increases. This column outlines that a key motivation for this model is to maintain international competitiveness and keep the wage share constant over time. This approach may come into conflict with the future needs of labour reallocation, for example due to ageing populations and higher demand for military personnel. An independent body of experts could help the pattern setting become more flexible and recommend changes to address labour market imbalances.

Strong coordination of wage setting in Nordic countries has been maintained through pattern bargaining. However, this may come into conflict with the future needs of labour reallocation due to aging populations & higher demand for military personnel.
Lars Calmfors
cepr.org/voxeu/column...
#EconSky

Auch!!!!

Weapons maker Rheinmetall is now worth more than VW.

Far-reaching statement by the EPP on European defence and Ukraine, calling inter alia for

- seizing Russian assets
- sped up accession of Ukraine
- broad use of joint procurement
- joint EU debt instruments for defence (!)

www.epp.eu/news/epp-sum...

Powell on price stability: "I think we were getting closer and closer to that ... I do think with the arrival of the tariff inflation, further progress may be delayed. The SEP doesn't really show further downward progress on inflation this year and that's really due to the tariffs coming in."

Trump administration toughens sanctions on Russian oil, gas and banking sectors The stiffer restrictions come as the Trump administration is trying to convince Russia to accept terms of a proposed 30-day ceasefire.

Trumpin motiivit ovat mitä ovat, mutta lopputulos on silti hyvä: energiapakotteiden tiukentaminen Venäjää vastaan

EU to offer lower tariffs on US cars Bloc hopes olive branch will help to shield Europe’s ailing car industry from Donald Trump’s trade measures

EU to offer lower tariffs on US cars

www.ft.com/enrichedcontent/bed348ee...

JD Vance on Trump's push to "acquire" Greenland: "He doesn't care what the Europeans scream at us ... you've got probably 55,000 people living on Greenland who are not actually happy with Danish government."

No, tullien noston aloittaminen naapureiden kanssa on niin älytön ajatus, että markkinoilla on vieläkin vaikeuksia uskoa, etteikö siitä vetäydyttäisi nopeasti.

Opinion | Trump and the Collapse of the Old Order A disquieting Washington visit leaves me with a sense that America is making a big break from the past.

"There’s a sense we’re living through times we’ll understand only in retrospect. But the collapse of the old international order and the break in America’s old domestic order are shaping this young century." www.wsj.com/opinion/trum...

Oli ruuhkaa British Libraryn näyttelyssä.

Suomi ei ole erikoisuus syntyvyyden laskussa, vaikka taso onkin suhteellisen alhainen. Talous huono selittäjä tälle.

Tuottavuuoden ja talouden kasvulla on hyvät puolensa.

Joint Expeditionary Force activates UK-led reaction system to track threats to undersea infrastructure and monitor Russian shadow fleet Joint Expeditionary Force partners and NATO will be alerted by the system of any ships deemed a risk to key areas of interest

Joint Expeditionary Force activates UK-led reaction system to track threats to undersea infrastructure and monitor Russian shadow fleet

🇬🇧🇪🇪

www.gov.uk/government/n...

Finland fuels children’s future with financial literacy and food World-beating ambition drives real-life business practice and free lunches for kids

Finland fuels children’s future with financial literacy and food

www.ft.com/content/26c56174-76ab-49...

Between 1990 and 2020, the share of immigrants in high-income countries doubled, rising from around 7% to 14%.

This means that today, one in seven people in high-income countries was born in a different country.

Liebreich: Generative AI – The Power and the Glory | BloombergNEF This year will go down in history as the year the energy sector woke up to AI. This is also the year AI woke up to energy. Is the data center power frenzy just the latest of a long line of energy sect...

What happens when techno-optimism meets energy system realism? My latest for @BloombergNEF is a long read on AI, called The Power and the Glory. So that's Boxing Day sorted!
about.bnef.com/blog/liebrei...

Exxon's AI Power Play Aims to Beat Nuclear The oil major is betting Big Tech’s need for speed will open up a bigger market for gas-fired plants.

Exxon's gas+CCS play for datacenters offers a way to:
- Monetize low-value gas
- Capture premiums being paid for speedy connection
- Get Big Tech to underwrite pilots
- Capture (and maybe protect) IRA subsidies
Read today's column here @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...

Some great charts from HSBC - China's *direct* export exposure to the US has slumped and is now at the lowest levels since in modern history, and does not stand out relative to other Asian economies.

Jos Suomessa halutaan koulutusastetta ylös, se käytännössä tarkoittaa miesten koulutusasteen nostoa.

Isot, näyttävät tappiot Northvoltista tulevat vaikeuttamaan seuraavien isojen hankkeiden pääomanhankintaa.

Northvolt Files for Bankruptcy in Blow to Europe’s Battery Hopes Northvolt AB filed for bankruptcy protection in the US after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles.

Northvolt Files for Bankruptcy in Blow to Europe’s Battery Hopes www.bloomberg.com/news/article...