I was also bored and pulled up the replication package. The results are quite sensitive in aggregate to needing the controls. Here's the replication of Figure 3, including the case w/o controls:

And there is no sclerosis: in the medium-term productivity is growing at the same pace in Europe and the US prod.wid.world/www-site/upl...

Now with the same productivity as the US, “core EU” also has more leisure time, higher life expectancy, less inequality No matter how you look at it, it is a clearly superior economic performance

Core EU has 290 million inhabitants: it's a bit smaller than the US (340m) but not much so The key fact is that productivity in this core EU is essentially the same as in the US: €60 per hour (corrected for price differences) using the most recent WID.world data prod.wid.world/www-site/upl...

To be sure, there is a large gap in the ~level~ of GDP per capita: US GDP per capita is 35%-40% higher than in the EU But that gap is overwhelmingly due to the fact that people work fewer hours in the EU – not that Europeans are less productive

Adjusted for the difference in price level, GDP per capita has grown 70% in the US since 1990 vs. 63% in the EU27 This corresponds to an annual growth rate of 1.6% in the US vs. 1.5% in the EU. The US has been doing better post-Covid, but over the medium run no big divergence

“Russia signed up 403,000 recruits this year, surpassing its initial plan for 2025, Budanov said. It is also tapping a growing pool of reservists to replenish its ranks, and doling out financial incentives that lure men from its hardscrabble provinces.” www.wsj.com/world/zelens...

Until someone meme formats this image, “Stop blaming trade for things that are mostly the fault of huge problems America’s nontradeable sectors.”

How it started… How it’s going…

1/ This is imho a bad but surprisingly common argument. As long as inflation is anticipated it’s “priced in” to debt arrangements. It *is* true that higher-than-expected inflation redistributes from creditors to debtors and this is unfair, but…

Kein Witz: Seit dem Erscheinen der US-Sicherheitsstrategie hat der Putin-Vertraute Kirill Dmitriev 237 (!) auf X Anti-EU-Tweets gepostet. Alle so: EU voll die Schlimmste, aber „Daddy“ Trump voll der Beste. Der Mann ist der Sonderbeauftragte Russlands für die „Friedensverhandlungen“.

This does actually change the entire story. Assuming it's correct, it was an entirely lawful seizure.

Russian Tg channels report a massive drone attack on Russia last night.Russian defense ministry claims it shot down 287 drones. 40 of them were shot down over Moscow,airports were closed in the area.Over 200 flights were canceled or re-routed,including a flight of Armenia's PM Pashinyan. 📹Moscow

BREAKING: The AP calls the Miami mayor's race for Democrat Eileen Higgins. Higgins defeated a Trump-endorsed Republican — becoming the first Democrat in nearly three decades to win the office.

I already wasn't going to the US during this presidency, but absolutely the fuck not with this demand.

All travelers from ESTA countries (yes the ones on visa waiver programs) will have to disclose 5 years of social media + huge amounts of personal data to enter the US now. All US academic associations should now meet outside the US if we want to meet our international colleagues.

Australien macht es vor - es wird Zeit, dass wir als Europa nach ziehen.

THIS is absolutely it! Europe needs a strategy for victory in 🇺🇦. It can and it must. Although the voices of capitulation are louder and louder spurred on by wannabe dictator Trump siding with war criminal Putin, it would be a disaster to bow out👇🏻 www.independent.co.uk/news/world/e...

Wenn schon "l'Etat c'est moi" gilt, wozu die Korruption im großen Maßstab noch verstecken?

🎯

After reading the 2025 U.S. National Security Strategy, seeing Scott Bessent say that the US remains an ally of China, and reading Musk call for dismantling the EU, I just want to scream into the void, because it feels like we are sliding back into late 19th century imperialism led by a kakistocrats

I wish this were an exaggeration of the new US National Security Strategy. It isn’t. The NSS makes clear: The US sees as its partner not the people who actually govern Europe, but the factions there aligned with the global far-Right. ‘Sovereignty’, excepting the US, is goodspeak for satrapy.

Two days left to register, on site or online. Thanks for sharing @juliegwen.bsky.social @dinapomeranz.bsky.social @bachmannrudi.bsky.social @adreher.bsky.social @wyssacademy.bsky.social @dlangenmayr.bsky.social

Disasters are rising, while poor households remain least insured. On 10 Dec 2025 we discuss how to protect them through better insurance and anticipatory action at Wyss Academy Bern with World Bank experts. Join on site or online. Register here: forms.office.com/Pages/Respon...

Disasters are rising, while poor households remain least insured. On 10 Dec 2025 we discuss how to protect them through better insurance and anticipatory action at Wyss Academy Bern with World Bank experts. Join on site or online. Register here: forms.office.com/Pages/Respon...

Europa ist heutzutage ja auch bekannt als absoluter Trendsetter was neue Technologien angeht...

Europa ist heutzutage ja auch bekannt als absoluter Trendsetter was neue Technologien angeht...

Sehr guter, differenzierter Artikel von @patrick-bernau.de zu einer "ewigen" deutschen Diskussion. Fazit: Beamte in die gesetzliche Rente? "Das kann man machen, weil es sich gerechter anfühlt. Aber die Rente rettet man so nicht." www.faz.net/aktuell/wirt...

“There were no agreements with the Muscovites in the 19th, 20th, or 21st century, only lies, a desire to take lives, and to destroy,” said Polish President Nawrocki. He added that history offers a lesson for modern Poland: deals with Russia have never been real, and it’s a truth everyone must learn.

Canada has officially joined the EU’s €150 billion SAFE defense procurement program, the first non-EU country to do so. The agreement allows Canadian firms to participate in EU-financed defense projects. Fifteen EU members have included Ukraine support in their spending plans under SAFE.

“The owner of a major Chinese drone parts supplier has taken a stake in one of Russia’s leading drone companies, highlighting a deepening relationship between Moscow and Beijing’s military-industrial complexes.”

Can’t decide who this is worse for, the EU or the UK. But the real looser, of course, is European defence. So all of us. on.ft.com/4pb0xP6 UK talks to join EU defence fund break down

Suddenly, drones. @economist.com on drone use by Colombian armed groups www.economist.com/the-americas...

Turkey’s Defense Ministry says it’s open to sending troops to Ukraine as part of an international mission, if three conditions are met: a full ceasefire between Russia and Ukraine, a clearly defined peacekeeping mandate, and a fair division of responsibilities among participating nations.

*external validity voice* actually it could just be that nairobi is fucking awesome

Der kroatische Premierminister Andrej Plenković bezeichnete im Radio die „28-Punkte Wunschliste Blutins“ als ungenügend unf nicht akzeptabel. Sie beinhalte sowohl für die Ukraine, als auch Europa, zahlreiche Punkte inakzeptable Punkte. Aus Kroatien also ein „NE“! Danke an meinen PM! 🫡

Merkt euch diese Worte 👇 Könnte sein, dass diese Worte ab nächster Woche für uns alle in Europa sehr schnell aktuell werden könnten. ☝️

Donalds #Trumps Handlanger haben sich von #Putins Handlangern einen pro-russischen Kapitulationsplan für die #Ukraine diktieren lassen. Der „#Friedensplan“ behauptet im ersten Punkt, die #Souveränität der Ukraine zu sichern, um sie dann in 27 Punkten zu vergewaltigen.

Der US-Friedensplan wäre ein gefährlicher Diktatfrieden, der die NATO schwächt und Russland belohnt. Europa wäre unsicherer. Jetzt muss die Bundesregierung Haltung zeigen. Taurus würde der Ukraine helfen. Ich zweifle an Merz’ Standhaftigkeit, appelliere aber an ihn, jetzt zu handeln.

Elsevier has a 38% profit margin, and the other journal publishers aren't far behind.

A Russian military spy ship has been detected just miles off the coast of Hawaii,according to the US Coast Guard,which said it is actively monitoring it The Russian vessel,Kareliya,was spotted roughly 15 nautical miles south of Oahu -near US territorial waters-on Oct.29,the Coast Guard said Thursday

A mother&her 14-yr-old son jumped out of a window to escape a Russian strike Inna Vysotska&her son were trapped -after the explosion,the stairwell was already on fire,making it impossible to get out through the door.They jumped from a second-floor window to survive.Inna was injured during the fall

"Es ist ein kollektives deutsches Elitenversagen gigantischen Ausmaßes." #China (It is a collective failure of German elites at an epic scale. Kind of reminds me of our ties to Russia. All orchestrated to a large extent by the artist formerly known as the leader of the free world.)

What I didn't know was that the family-owned businesses rang the alarm bells first and backed those inside the BDI (German industry association) who pushed through the seminal 2019 paper on China. But it makes a lot of sense.

A Conservative view of mine: Hume was spot on to criticize the Stoics for disregarding reputation. We need to bring back shame, fear for reputation. Like: giving a public speech to defend promoting a proud, sneering NAZI—then mumbling “I don’t know much about him”—is craven and filthy.

Nicht Europa befindet sich im Krieg mit Russland, sondern Russland befindet sich im Krieg mit der Ukraine und hypothetisch mit vielen Ländern in Europa. Schwäche führt nicht zu einem Dialog mit Russland. Für die „Russen” ist das Schwäche und nichts weiter. Präsident Zelenskyj t.me/V_Zelenskiy_...

Andrii Paltsan is a clergyman of the Orthodox Church of Ukraine and the head of the chaplaincy service of the 15th Army Corps. He is raising five adopted children. In an interview with the media, he shared his story - how he became a father of many and serves as a military chaplain ⤵️

Switzerland 🇨🇭 is the most reputable country in 2025. US 🇺🇸 in free fall. Germany 🇩🇪 ranks 20th. Source: Survey in G7 countries, N=62'000

In addition to drones, there are also highly advanced missiles that are difficult to intercept.