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Kevin Carey @kevincareywb.bsky.social · 2h

“This is a civil society uprising and its resolution should not involve the military.”
apnews.com/article/mada...

Leader of Madagascar's military rebellion tells AP he is 'taking the position of president'

The leader of Madagascar's military rebellion says he is “taking the position of president” in an interview with The Associated Press at his barracks. Col.

apnews.com

Kevin Carey @kevincareywb.bsky.social · 2h

“Gen-Zers in Madagascar have been on the streets of the country protesting the lack of essential services, especially water and electricity, and the negative impact on their lives for almost a month,” said Olufemi Taiwo, professor of Africana studies at Cornell University ..."

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Kevin Carey @kevincareywb.bsky.social · 2h

Madagascar: "CAPSAT commander Colonel Michael Randrianirina, the new de facto president of the impoverished country, told reporters Tuesday the transition would take under two years and include the restructuring of major institutions." sg.news.yahoo.com/madagascar-a...

Madagascar adjusts to military rule after colonel seizes power

Madagascar braced for a new era of military rule Wednesday, a day after an elite army unit seized power following President Andry Rajoelina's impeachment and pledged elections in less than two years."...

sg.news.yahoo.com

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Kevin Carey @kevincareywb.bsky.social · 3h

“My concern is you end up with backroom deals with private investment funds, Egypt, the Palestinian Authority and Israel,” Hugh Lovatt, an expert on Israeli and Palestinian issues for the European Council on Foreign Relations, told DealBook." www.nytimes.com/2025/10/14/b...

What Would It Cost to Rebuild Gaza?

www.nytimes.com

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Kevin Carey @kevincareywb.bsky.social · 14h

Madagascar: "He did not reveal his location but some reports said he may have gone to Dubai. Making clear he would not step down, Rajoelina said he was "on a mission to find solutions" to the political crisis & would not let the impoverished nation "destroy itself". sg.news.yahoo.com/military-sei...

Military seizes power in Madagascar as president impeached

An elite Madagascar military unit said Tuesday it had taken power in the Indian Ocean nation after parliamentarians voted to impeach President Andry Rajoelina following weeks of anti-government protes...

sg.news.yahoo.com

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Kevin Carey @kevincareywb.bsky.social · 14h

An additional point: there's a disconnect between the IMF global and country level growth narratives. The global one is about lower long-term growth. But the individual country narratives (check the country-specific press releases & staff reports) are all about growth being "resilient."

Chris Giles @chrisgiles.ft.com · 1d

My newsletter is on the paradox of the resilient and fragile global economy.

Every year economic forecasts get more disappointing - yet the global economy hasn't deteriorated much

How does that work?
www.ft.com/content/ac92...

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Kevin Carey @kevincareywb.bsky.social · 16h

"the fiscal primary balance surpassing the program target, inflation remaining contained, external buffers strengthening, and financial conditions improving as sovereign spreads have narrowed significantly."

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Kevin Carey @kevincareywb.bsky.social · 16h

Pakistan: IMF EFF + RSF program reviews staff level agreement: Good reference in the statement to the floods ... but the floods didn't affect the macro?
"The recovery remains on track, with the FY25 current account recording a surplus—the first in 14 years, ..."
www.imf.org/en/News/Arti...

IMF Reaches Staff-Level Agreement on the Second Review for the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the First Review for 28-month Arrangement Under the Resilience a...

An International Monetary Fund (IMF) team, led by Iva Petrova, held discussions during September 24-October 8, 2025, mission to Karachi and Islamabad, and in Washington DC, for the second review under...

www.imf.org

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Kevin Carey @kevincareywb.bsky.social · 1d

"The defaulted bond at the centre of the negotiations fell 1 cent in the dollar following Tuesday's statements, although it remains close to its highest price level since early 2021 at 95 cents to the dollar." www.msn.com/en-us/money/...

MSN

www.msn.com

Kevin Carey @kevincareywb.bsky.social · 1d

Ethiopia / announcement of unsuccessful discussions with Eurobond holders. From the statement (via regulatory announcement to Irish Stock Exchange), the govt's final proposal for a value recovery instrument.

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Kevin Carey @kevincareywb.bsky.social · 1d

"Rajoelina issued a decree for the National Assembly to be dissolved immediately, according to a statement posted on the Madagascar presidency’s Facebook page." apnews.com/article/mada...

Madagascar's president, hiding in an unknown location, dissolves parliament to deepen crisis

Madagascan President Andry Rajoelina has dissolved the lower house of parliament, intensifying the political crisis in the country.

apnews.com

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Kevin Carey @kevincareywb.bsky.social · 1d

"This complicates debt reworks, in which all borrowers, ostensibly, must get equal treatment. "It raises risks," said Thys Louw, a portfolio manager with Ninety One. "Anything that's marginally opaque adds complexity." www.msn.com/en-gb/money/...

MSN

www.msn.com

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Kevin Carey @kevincareywb.bsky.social · 1d

"Sources said governments and advisors underestimated how hard it would be to unpick, determining who holds it [private sovereign debt], on what terms and whether there was collateral which can put one borrower ahead in the queue ... "

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Kevin Carey @kevincareywb.bsky.social · 1d

"The desktop computer transformed the labor market, for example, but for a while workers hunting and pecking on their keyboards didn’t know how to effectively use the technology." www.wsj.com/tech/ai/ai-w...

AI Is Juicing the Economy. Is It Making American Workers More Productive?

Investment in AI ignited a fire under the U.S. economy. But the technology hasn’t yet fulfilled the promise of making humans work more efficiently.

www.wsj.com

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Kevin Carey @kevincareywb.bsky.social · 1d

"But new technologies take time for businesses and their employees to learn how to use effectively, according to Joshua Gans, a University of Toronto economist who has written extensively on AI ..."

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Kevin Carey @kevincareywb.bsky.social · 1d

"of calculating the global warming impact of methane. These scientists argue that if New Zealand’s methane emissions are stabilized, then the climate would stabilize too." www.bloomberg.com/news/article...

New Zealand’s Methane Target Sets Bad Precedent, Scientists Warn

New Zealand’s decision to set a less ambitious methane emissions reduction target sets a worrying precedent that other nations may follow, scientists have warned.

www.bloomberg.com

Kevin Carey @kevincareywb.bsky.social · 1d

The New Zealand methane from agriculture situation is highly relevant for Ireland, where a similar debate is taking place: "The revised target is based on the controversial idea of “no additional warming,” a concept used by a small group of scientists who have been pushing an alternative way ..."

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Kevin Carey @kevincareywb.bsky.social · 1d

"Forests will be a focus in Belem, but "we shouldn't expect headlines or agreements on big, flashy issues" at COP30, Marta Torres-Gunfaus, from sustainable development think tank IDDRI, told AFP." sg.news.yahoo.com/brazil-hopes...

Brazil hopes Amazon summit can unite world for climate action

Brazil is betting its much-hyped climate summit in the Amazon next month can deliver something increasingly rare in a fractured world: proof that nations can still unite to confront a global crisis.Br...

sg.news.yahoo.com

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Kevin Carey @kevincareywb.bsky.social · 1d

"Siteny Randrianasoloniaiko, leader of the opposition in parliament, told Reuters Rajoelina left Madagascar on Sunday after units of the army defected and joined the protesters." www.msn.com/en-us/news/w...

MSN

www.msn.com

Kevin Carey @kevincareywb.bsky.social · 2d

Madagascar -- it's a rolling news day, so just going with the latest headline on a fast-evolving situation. apnews.com/article/mada...

Madagascar president to make a speech after soldiers turned against the government in apparent coup

Madagascar President Andry Rajoelina is due to make a speech on national television after an elite military unit turned against the government in an apparent coup in the Indian Ocean nation and called...

apnews.com

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Kevin Carey @kevincareywb.bsky.social · 2d

"to nudge the chief executive into the most profitable course, or vice versa. It happens, Dr. Hobbhahn said, “somewhere between 1 and 5 percent” of the time." www.nytimes.com/2025/10/10/o...

Opinion | The A.I. Prompt That Could End the World

www.nytimes.com

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Kevin Carey @kevincareywb.bsky.social · 2d

"the A.I. a fictional database of suppliers with varying carbon impact calculations, including fictional data from the chief financial officer. Rather than balancing these goals, the A.I. will sometimes tamper with the climate data, ..."

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Kevin Carey @kevincareywb.bsky.social · 2d

"One example Dr. Hobbhahn [Apollo Research] has constructed involves an A.I. brought in to advise the chief executive of a hypothetical corporation. In this example, the corporation has climate sustainability targets; it also has a conflicting mandate to maximize profits. Dr. Hobbhahn feeds ..."

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Kevin Carey @kevincareywb.bsky.social · 3d

Another example of the USA cash-only phenomenon @bhgreeley.bsky.social describes below: Bagels etc., on P St NW near 22nd St just west of Dupont Circle in Washington DC. Note: there's an ATM inside the store if you don't have cash. www.ft.com/content/8766...

Why I have to buy doughnuts with cash

Powerful lobbies are hindering a digital transition by America’s huge network of some 4,500 banks

www.ft.com

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Kevin Carey @kevincareywb.bsky.social · 3d

"of payments against receivables that had been discussed. Second, how much money is in specific bank accounts from those payments.

A lawyer for First Brands, from the firm Weil Gotshal & Manges, replied in a succinct email:
#1 – We don’t know
#2 – $0"
www.wsj.com/business/fir...

Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO

Patrick James started out buying small Ohio factories and ended atop a messy auto-parts conglomerate with piles of hidden debt.

www.wsj.com