Biden and the JCPOA [the “nuclear deal” negotiated between the P5+1 and Iran]: Lessons From Arab and Iranian Public Opinion
Dec 15th 2020
EXTRACT: "In 2014, almost one-half of Iranians felt their country “should have the right to a nuclear weapon because it is a major nation.” After the framework agreement was announced in 2015 support for that proposition dropped to 20%. Following Trump’s decision to withdraw from the deal, the percentage of Iranians who felt they had a right to a nuclear weapon because they are a major nation rose again to 40%. "
Dec 11th 2020
EXTRACT: "The European Union is facing an existential threat, and yet the EU’s leadership is responding with a compromise that appears to reflect a belief that the threat can simply be wished away. Prime Minister Viktor Orbán’s kleptocratic regime in Hungary and, to a lesser extent, the illiberal Law and Justice (PiS) government in Poland, are brazenly challenging the values on which the European Union has been built. Treating their challenge as a legitimate political stance deserving of recognition and a compromise solution will only add – massively – to the risks that the EU now faces."
Dec 9th 2020
EXTRACT: " Increased government spending during the pandemic is essential for managing public health, supporting households that have lost income, and preserving businesses that otherwise may fail and thus cause longer-term damage to output and employment. Kristalina Georgieva, the managing director of the International Monetary Fund, has urgedpolicymakers to “spend but keep the receipts.” Likewise, World Bank Chief Economist Carmen M. Reinhart reminds us that, “first you worry about fighting the war, then you figure out how to pay for it.” "
Dec 2nd 2020
EXTRACT: "In the trade war with the US, China has given little ground ....... And in November, China mounted something of a geopolitical coup with the signing of the Regional Comprehensive Economic Partnership, a new trade agreement that will put it at the center of the world’s largest free-trade area. The RCEP will connect China’s huge market to those of the Association of Southeast Asian Nations – from Indonesia and Singapore to Vietnam – and will include important US allies such as Japan, South Korea, Australia, and New Zealand. For the time being, India is not participating, but it might join later. The only regional player to be left out of the RCEP is America. The creation of a new, China-centered economic bloc illustrates the difference between reality and reality TV. When Trump arrived in the White House in January 2017, one of his first official acts was to withdraw the US from the Trans-Pacific Partnership, an agreement negotiated by President Barack Obama that would have created something like the RCEP, only with America at the center and China left out. Witnessing this US act of self-harm, China’s leaders presumably couldn’t believe their luck, and Xi’s government has been working hard to exploit Trump’s generous gift ever since."
Nov 30th 2020
EXTRACT: "There has been much puzzlement that the world’s stock markets haven’t collapsed in the face of the COVID-19 pandemic, and especially in the United States, which has recently been setting record highs for new cases. But maybe it isn’t such a puzzle."
Nov 25th 2020
EXTRACT: "To paraphrase Charles Dickens, this is the best of times and the worst of times. As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic vulnerability. In Dickensian terms, to reach a “spring of hope,” we first must endure a “winter of despair.” "
Nov 22nd 2020
EXTRACT: "Under a sane national policy, the federal government would spend as much money as it takes to generate the demand necessary to make it worthwhile for employers to re-hire this one-twentieth of the working-age population. Worries about what we can afford would be set aside until the day the world’s savers no longer regard US government debt as a special, singularly valuable asset. That day may never come."
Nov 19th 2020
EXTRACT: "The EU can’t afford to compromise on the rule-of-law provisions. How it responds to the challenge posed by Orbán and Kaczyński will determine whether it survives as an open society true to the values upon which it was founded."
Nov 11th 2020
EXTRACT: "In the interim, he will be nurturing an insidious threat he has left in his wake – a potential low-grade insurgency bubbling beneath the surface. It may well be that America it is about to experience a political paramilitary insurgency. Many of Trump’s supporters are “rough people” who are armed, fiercely patriotic, and firmly believe what Trump has been selling for the past four years – such as that America is being overrun by “colored” people and immigrants, is under attack, and that Canada is a national security threat. Many of them also believe that Trump was cheated out of a second term. They may or may not want civil war, but they will surely want to ensure that havoc and chaos prevail following Trump’s forced departure from office."
Nov 10th 2020
EXTRACT: "The year was 1932, and the transition from Herbert Hoover to Franklin D. Roosevelt occurred in the midst of an unparalleled economic depression and banking crisis. The outgoing president, Hoover, had an intense aversion to his successor,…….. There are two lessons here. The president-elect and those around him need to take extra precautions for their personal safety, given the inflamed political climate and Trump’s ongoing efforts to fan the flames. And Biden now, like FDR then, must reiterate his message of hope and unity as an antidote to the coronavirus and political division. In 1933, it was “fear itself” that Americans had to overcome. Today, when it is fear of each other that Americans must overcome, Biden’s affirmation that there are “no red or blue states, just the United States” is a good start."
Nov 10th 2020
EXTRACT: "It seems clear that, as Donald Trump said a few weeks ago “This will not end well.” Far from being over, this election may very well continue to play out for weeks to come. Trump and the GOP have been telegraphing their strategy for over a month now. They will continue to challenge to validity of the vote in court. They will demand recounts. They will incite their followers to demonstrate at vote-counting facilities. In the end, many Americans will lose faith in the electoral process and America’s democracy will be tarnished in the eyes of the world. That much is clear. "
Nov 9th 2020
EXTRACT: "When CBS, NBC and ABC cut away from President Donald Trump’s news conference at the White House on the evening of Nov. 5, they took pains to explain why they were shutting off the nation’s commander-in-chief...... It was a moment that for me, as a journalism historian, carried echoes of the 1954 takedown of another flamboyant populist demagogue, Sen. Joe McCarthy."
Nov 1st 2020
EXTRACT: "Prominent evangelical pastor and author John Piper has likewise drawn on several biblical texts when writing about the choice facing voters: “There is a character connection between rulers and subjects. When the Bible describes a king by saying, ‘He sinned and made Israel to sin’ … it does not mean he twisted their arm. It means his influence shaped the people. That’s the calling of a leader. Take the lead in giving shape to the character of your people. So it happens. For good or for ill.”......In this reading, the Bible does not have a category for a good leader with bad personal character. Nor does it seem to imagine that a nation can remain untainted by the perceived moral failures of its leaders. "
Nov 1st 2020
EXTARCT: "This pandemic will undoubtedly go down in history as a contrast in political ideologies as much as in the battle between mankind and nature, and the hopeful triumph of medical technology. It is putting to the test the political, economic, social, and cultural diversity of the world’s nations as never before, and has already proven just how fragile the world’s functional ecosystems are in the era of globalization. In laying bare the strengths and weaknesses of the world’s nations, it is also serving to challenge some conventional wisdom about what is, or is not, a preferred method of governance. In this battle, America is badly floundering while China has put itself in a position to dust itself off and move on."
Oct 30th 2020
EXTRACT: "At this stage, the Trumpian personality cult has completely dispensed with the need for actual plans and proposals (indeed, the Republican Party, which Trump now controls, did not even bother to offer a policy platform for the election). Trump embodies whatever his supporters want, even when they themselves don’t know what that is. This is all too typical of fascist leaders, who usually function as a father figure for those susceptible to the appeal of an authoritarian personality. As the father of the “MAGA” nation, Trump decides what is best for his children, and it is this patriarchal authority that provides the rationale for violence, lies, and even dictatorship."
Oct 28th 2020
EXTRACT: "One thing is certain: a highly contested election would cause further damage to America’s global image as an exemplar of democracy and the rule of law, eroding its soft power. Particularly over the past four years, the country has increasingly come to be regarded as a political basket case. While hoping that the chaotic outcomes outlined above do not come to pass – polls still show a strong lead for Biden – investors should be preparing for the worst, not just on election day but in the weeks and months thereafter. "
Oct 27th 2020
EXTRACT: "China’s approach today is similar: first, insulate its citizens from a virulent pathogenic contagion with draconian public-health measures aimed at containing and mitigating the spread of the disease, and then – and only then – make judicious use of monetary and fiscal policy to reinforce the post-lockdown snapback. This is very different from the approach taken in the US, where the post-lockdown debate is more about using monetary and fiscal policies as front-line instruments of economic liberation, rather than relying on disciplined public-health measures aimed at virus containment........ This underscores the sharp contrast between China’s COVID-first strategy and the America-first approach of US President Donald Trump’s administration. In China, unlike the US, there is no political and public resistance to masks, social distancing, and aggressive testing as requisite norms of the COVID-19 era. Meanwhile, the US is in the midst of its third serious wave of infection while China continues to exercise prompt and effective control over new outbreaks. Earlier this autumn, for example, some nine million citizens in Qingdao were tested in just five days after a relatively small outbreak affecting fewer than 20 residents. By contrast, Trump wears his own experience with COVID-19 infection as some perverse badge of courage, rather than as a warning of what may lie ahead."
Oct 20th 2020
EXTRACTS: Disney has announced a significant restructuring of its media and entertainment business, boldly placing most of its growth ambitions and investments into its recently launched streaming service, Disney+…. From a corporate strategy perspective, the move is remarkable on two fronts. Firstly, the sheer velocity of this pivot for a company the size and age of Disney is, for lack of a better word, unprecedented….Let’s not forget that it was just last year that Disney held a near 40% revenue share of the US box office….. The fact that in just seven months of the pandemic breaking out, Disney decided to reinvent itself primarily around streaming speaks volumes about its expectations regarding the pandemic length. Clearly the group decided that waiting it out was no longer an option.”
Oct 10th 2020
EXTRACTS: "Strange as it is to say, but it is no longer uncommon to hear talk of insurrection, martial law, and civil war in the United States......... Apocalyptic warnings that next month’s election will descend into crisis are coming hard and fast....... While the atmosphere in the US is already alarming, it is worth considering just how bad things could become. There is ample reason to worry that an election-related conflict could devolve into atrocity crimes against black and brown civilians on US soil........ Genocide and mass atrocities have happened all too often, including in America. The question is not whether it could happen here, but whether it can be prevented."
Oct 9th 2020
EXTRACT: "Fifty years ago, Milton Friedman published an article in the New York Times that articulated what has come to be known as the Friedman doctrine: “the social responsibility of business is to increase its profits.” It was a theme he had developed in his 1962 book Capitalism and Freedom, where he argued that the “one and only” responsibility business owes to society is the pursuit of profits within the legal rules of the game. The Friedman doctrine put its stamp on our era. It legitimized the freewheeling capitalism that produced economic insecurity, fueled rising inequality, deepened regional divides, and intensified climate change and other environmental problems. Ultimately, it also led to a social and political backlash. Many large businesses have responded by engaging in – or paying lip service to – the notion of corporate social responsibility."