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hal 👾
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I assumed this would be the first appearance of "f**wit" in The Economist, but surprised to learn it is, in fact, at least the third. economist.com/the-americas/2…
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@Brad_Setser @jayoreilly1183 @Padraiccleary @Aidan_Regan yes, agreed on that point in a subsequent tweet. mine was that the Irish offices of Apple and Microsoft do normal valuable work. it's the balance of work/tax that you question, I think, not the amount of work
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@halhod @jayoreilly1183 @Padraiccleary @Aidan_Regan point is that customer services and accounting don't provide the substantive basis for claiming Apple Ireland generates 50-60% of Apple's global profit. that's straight up profit shifting tied to the owership of the IP rights by one of Apple ireland's subs. Same for microsoft
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On the eve of St. Paddy's day I raise a glass to my Irish friends -- offer a toast their international tax wizardry. Every international tax initiative, and every US tax reform, somehow ends up increasing the Irish corporate tax take ... 1/
cfr.org/articles/the-l…
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@Brad_Setser @jayoreilly1183 @Padraiccleary @Aidan_Regan but your basic point, that the tax revenue is wildly disproportionate to headcount (~$1m per head in ireland, ~$100k in US), is of course totally valid. it's just that the headcount is not directly related to the tax play
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@Brad_Setser @jayoreilly1183 @Padraiccleary @Aidan_Regan you could just google it, Brad. Apple's Ireland operation is mostly EMEA customer service, supply chain and ops, with a bit of hardware testing. Microsoft is EMEA sales and some cloud dev. IP booking is low headcount, and in any case why would those jobs need to be in ireland?
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hal 👾 retweetou
At last, Haiti has some hope.
Aggressive policing is weakening gangsters' control.
THE KIDNAPPING was to take place in the busy middle-class neighbourhood of Delmas in Port-au-Prince, Haiti's capital.
#haiti
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hal 👾 retweetou
hal 👾 retweetou
"Kristi Noem, the secretary of homeland security, and Greg Bovino, who commanded in Minneapolis, have blatantly lied. They should be fired."
economist.com/leaders/2026/0…
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Carney's Davos speech really cut through domestically
David Coletto 🇨🇦@DavidColetto
With just over 1,800 interviews complete (Jan 22-25), we see a big jump in favourables for @MarkJCarney. HIghest we have measured since we started tracking. Survey finishes tomorrow likely and results out later this week. #cdnpoli
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@asvky73 @Hottyfc @centregoals @TheEconomist I was going to say. You can go to the economist profile and search up baseball and or soccer. Nothing about this comes up at all. Almost 3k likes and 100 comments and people think it’s real.
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🚨🚨| NEW: Soccer has 𝐎𝐕𝐄𝐑𝐓𝐀𝐊𝐄𝐍 baseball to become America’s third-most popular sport, trailing only American football and basketball. 😲🇺🇸
[@TheEconomist]
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hal 👾 retweetou
great thread
Val@vallha11a
This statement by @nytimes is factually incorrect. The vast majority of Caracas residents didn't lose power on January 3rd, not even "for a few minutes". This can be verified through publicly available data, videos of the attack, and testimonies from people on the ground. 🧵
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Listen here for more on what Venezuelan's think about Maduro's capture, Delcy Rodriguez and the future of the country in this @TheEconomist podcast, drawing on our polling with @premisedata (no paywall)
economist.com/podcasts/2026/…
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@joshemden it was a crisis anyway! and i'm fairly sure it would have been cheaper overall to this point (perhaps not going forward, who really knows)
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@halhod Not keeping Rough gas storage was definitely a mistake that made the gas crisis worse, but it still would have been a crisis.
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Yes, load factors have been at 30-40% because of policy choices
And thank goodness. If you had no carbon tax and you ran gas >90% of the time then, as of today, it would be cheaper than these wind contracts.
If we did that 3 years ago? You've just broken the UK economy.
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Andrew Neil@afneil
Load factors have been falling because it is official policy to use gas as back up for times when the wind isn’t blowing (or blowing too much). Making gas much more expensive. You know that. Why not say it?
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