In The News

George Magnus June 17, 2020
China and the US wage war on multiple fronts – trade, tech, social media and communications. China takes steps to impose a National Security law for Hong Kong and that could extend a new front into finance and weaponization of capital, argues George Magnus for New Statesman. The United States has “the biggest, deepest, most transparent and trusted capital markets subject to the rule of law, and...
June 15, 2020
Burkina Faso’s ambassador to the UN, Dieudonné Desiré Sougouri, wrote a letter for 54 African countries calling for “urgent debate” from the UN Human Rights Council on systemic racism, police brutality, human rights violations against people of African descent and the attacks against peaceful protesters. The UNHRC, after a disruption due to Covid-19, resumes its 43rd session today. “The call came...
Stephen Roach June 9, 2020
The Covid-19 pandemic may end the US dollar’s status as primary reserve currency, warns Yale economist Stephen Roach. The pandemic and high unemployment pressure US living standards and spending even as world leaders question US leadership and notions of exceptionalism. Current account deficits since 1982, a recent shortfall in domestic US savings and fast-expanding government budget deficits...
Aja Romano June 8, 2020
The video of George Floyd, pleading for his life, handcuffed and his neck under a police officer’s knee, has moved the world to denounce unequal justice and police abuses. “Across the internet, supporters of Black Lives Matter are weaponizing tweets, posts, and hashtags to spread information, protect protesters, and derail racist rhetoric,” reports Aja Romano for Vox. Originating in South Korea...
Uki Goñi, Lily Kuo , Jason Burke, Tom Phillips, Sam Jones and Julian Borger June 8, 2020
The US presidential election is less than five months away, and the decision about who leads the world’s largest economy and military impacts the rest of the world. More than 10 straight days of US protests demonstrate a deep divide. Protests began after police killed a handcuffed black man, despite pleas from horrified witnesses videotaping the death – just one among many such videos in recent...
Corey Dickstein June 3, 2020
Protests sweep throughout the United States after a handcuffed man died in police custody in Minneapolis. Onlookers filmed and pleaded with police officers to stop, after one held his knee to the back of the man’s neck for more than eight minutes. Some extremists disrupt the peaceful protests, and Donald Trump, stating he wanted to end rioting and property destruction, ordered active-duty troops...
June 3, 2020
Two rating agencies, Fitch and S&P reduced Argentina’s bonds to default status after the nation missed a $US500-million payment. Negotiations for debt restructuring are underway, with the hopes of agreement and possible rise in the bond rating. A lower rating forces nations to pay higher interest rates. Argentina’s public debt is 90 percent of GDP at the end of 2019. The Covid-19 pandemic has...