This week at Project Syndicate, Stephen S. Roach warns that, without a more imaginative approach to economic stewardship, China could remain stuck; Nina L. Khrushcheva explains that the goal of current Kremlin propaganda is not to convince people that life in Russia is safe and prosperous, but to prepare Russians for more war; Jim O'Neill asks whether global economic forecasts are overly optimistic; and more. |
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Politics & World Affairs Stephen S. Roach warns that the government’s response to tough problems is being driven by stale tactics and ideology. |
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Politics & World Affairs Nina L. Khrushcheva deciphers the significance of the Kremlin’s latest propaganda push – and hears ominous echoes of the past. |
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Economics & Finance Jim O'Neill considers whether less favorable inflation data changes the overall forecast for 2024 and beyond. |
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Economics & Finance Todd G. Buchholz explains why consumers remain wary of the technology despite all the policies designed to boost adoption. |
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Politics & World Affairs Mark Leonard reports on the debates that defined this year’s summit of global political and business leaders in Davos.
(Matt Rourke/AP) After posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a new recession while offering lessons for future crisis-fighting. By David J. Lynch
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Islamabad blames Taliban for harbouring militants despite supporting the group during US occupation
West African states accuse Ecowas of being a threat to its members and under the influence of foreign powers JANUARY 28, 2024 by Aanu Adeoye in Lagos |
Recent events as seen through our archive Aurélien Bernier, October 2023 TUESDAY 23 JANUARY 2024.French electricity prices will increase by almost 10% from 1 February, the economy minister Bruno Le Maire announced on Sunday. The government presents this hike as a 'return to normality', linked to the 'gradual end of the tariff shield' put in place in the autumn of 2021, but according to Aurélien Bernier, the inflation that has caused bills to grow over the last few years is 'deliberate'. Back in October, Bernier dissected the pricing mechanisms that lead to the increase in prices, and showed how EU-led deregulation explains this phenomenon. Maurice Lemoine, December 2023 THURSDAY 11 JANUARY 2024.Violence in Ecuador has reached a new pitch since the leader of the Los Choneros drug cartel, José MacÃas Villamar (also known as 'Fito'), escaped Guayaquil prison on 7 January. On Tuesday 9 January, the country witnessed masked gunmen storm a live TV broadcast and terrorise staff. President Daniel Noboa, only recently come to power, has declared a state of emergency and ordered the armed forces to 'neutralise' criminal gangs. 'Some now call this city "Guayakill",' noted Maurice Lemoine in December, in an analysis of the security collapse of a nation once renowned for its tranquility. Anne-Cécile Robert, December 2023 TUESDAY 9 JANUARY 2024.This Thursday 11 and Friday 12 January, the International Court of Justice (ICJ) in The Hague will hear South Africa's case alleging that Israel is committing 'genocidal acts' in Gaza. South Africa's 84-page filing to the court argues that Israel is creating conditions 'calculated to bring about [Palestinians'] physical destruction'.
In our December issue, Anne-Cécile Robert traced the history of the rules of war, quoting Max Huber, president of the International Committee of the Red Cross, in 1944: 'War, as it becomes more and more total, annuls the differences which formerly existed between armies and civilian populations in regard to exposure to injury and danger ... We were coming to grips with war itself, since it was no longer merely a case of alleviating suffering, but of attacking the evil at its root'. As Robert argues, 'Current events in the Middle East are a textbook case of practices the [Geneva] convention negotiators felt should be banned and, if they occurred, should be stopped immediately.' Charles Enderlin, January 2024 MONDAY 8 JANUARY 2024.Saleh Al-Arouri, a senior leader of Hamas (in the West Bank), was killed in a targeted strike in Beirut on Tuesday 2 January. His funeral was held on Thursday.
In this month's issue, Charles Enderlin traces the dangers of Netanyahu's strategy to keep Hamas in power in Gaza — making a Palestinian state, and a political solution, less likely. Jean-Christophe Servant, May 2023 FRIDAY 12 JANUARY 2024.A Nigerian government probe into the former governor of the central bank has searched the Dangote Group's offices, spooking investors. Nigeria's president Bola Tinubu quickly suspended the governor of central bank after he came into power in May 2023, disapproving of the bank's foreign exchange practices. Aliko Dangote, 66 — 'Africa's richest person and the world's 136th wealthiest, worth $19.6bn in January 2023', as Jean-Christophe Servant wrote around that time — financed Tinubu's campaign (as well as that of his challengers). He built his empire out of cement. François Denord, Rachel Knaebel & Pierre Rimbert, August 2015 MONDAY 8 JANUARY 2024.Wolfgang Schäuble died on 26 December 2023. The embodiment of German 'ordoliberalism', the statesman worked to impose this doctrine on the rest of Europe. An architect of 'German unification' in 1990, the annexation of the GDR by its neighbour (read 'The economic Anschluss of the GDR'), he also argued to impose draconian austerity on Greece in 2015 (read 'The defeat of Europe').
In political and economic matters, Schäuble held monetary stability above all else, and had open contempt for democratic institutions. 'Elections cannot be allowed to change economic policy,' he said to Yanis Varoufakis. SUNDAY 21 JANUARY 2024.Who will follow in the footsteps of the Algerian Fennecs in 2019 and the Senegalese Lions of Teranga in 2021 by winning the African Cup of Nations? 24 teams have been competing in Ivory Coast since 13 January. The winning team will take home m, the highest sum in the history of the tournament, all the more appealing in a sector plagued by precarity and low wages. Unpaid signing bonuses, salary delays, unpaid hospital care for injuries: such is the daily life of African players, as David Garcia wrote back in July 2018. Gérard Prunier, October 1997 SATURDAY 13 JANUARY 2024.Addis Ababa and Mogadishu are at loggerheads after Somaliland granted Ethiopia access to the Red Sea for commercial and military purposes on 1 January, as part of a secretive deal. Somaliland, a former British protectorate that declared itself independent of Somalia in 1991, was rewarded with a stake in Ethiopian Airlines and recognition of its sovereignty, a first. 'The paradox is that a state that certainly has more legitimacy and roots in society than most other African states, operating with very limited financial resources and no outside aid, is managing to survive and sustain a fragile peace despite the almost total indifference of the international community,' Gérard Prunier wrote in October 1997. |
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Gabriel Gasave Five obstacles have prevented Latin America from achieving its potential: corporatism, mercantilism, privilege, bottom-up wealth transfer, and politicized law. Argentine President Milei now has a golden opportunity to cut at least a few of the five wires of this society-destroying machinery. But he must act! Where is his chainsaw?! READ MORE » | The Independent Review, Winter 2014/15 | |
| Victor Davis Hansen (American Greatness) The truth is that the progressive movement cannot enact its unpopular agendas. So it must scare the people silly and gin up chaos to destroy its perceived enemies—any crisis will do. What, then, can be done to stem the rising tide of fear-induced paranoia from the Left? READ MORE » | | William F. Shughart (The Hill) The government interferes in the private sector, and we get unintended consequences? Please. Two hundred years ago French economist Frédéric Bastiat taught us that any regulatory costs imposed on the rest of us were not mistaken; nor were they inadvertent. And he was right—today more than ever. When will we listen? READ MORE » | | John C. Goodman (Forbes) One reason the United States spends more on health care than other countries is that we are obsessive about health insurance, not health care. And what are we getting for all that spending? Are people getting better care? No—and Obamacare has just made things worse. READ MORE » | |
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