looking beyond borders

foreign policy and global economy

Washington Set To Deliver $2.2 Trillion Virus Rescue Bill

With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system. The House is set to pass the sprawling, $2.2 trillion measure Friday morning after an extraordinary 96-0 Senate vote late Wednesday. President Donald Trump marvelled at the unanimity and is eager to sign the package into law.

Read Here – APNews

G20 Nations Vow To Inject $5 Tn To Fight Covid-19, Global Slump

Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes” to minimize the economic and social impact of the Covid-19 pandemic. In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members committed themselves to restore global growth, maintaining market stability and strengthening resilience. Prime Minister Narendra Modi was among leaders who participated in the video conference.

Read Here – MInt

COVID-19 And The Great Chinese Puzzle

Has the world at large and WHO particularly missed a massive elephant in China? .. To determine how large the COVID-19 epidemic was in China is information that we need urgently. The only way to get it is by careful antibody prevalence surveys, which we hope WHO will be demanding from China.

Read Here – The Hindu

How The Pandemic Will End

Even a perfect response won’t end the pandemic. As long as the virus persists somewhere, there’s a chance that one infected traveler will reignite fresh sparks in countries that have already extinguished their fires…Under these conditions, there are three possible endgames: one that’s very unlikely, one that’s very dangerous, and one that’s very long.

Read Here – The Atlantic

COVID-19’s Painful Lesson About Strategy And Power

The new threat to America’s security is not just from transnational forces like COVID-19 and climate change, but from Americans’ domestic failure to adjust their own attitudes to this new world. That is the painful lesson that COVID-19 is teaching us.

Read Here – WarOnTheRocks

$10/Barrel Oil Is Possible: Can American Energy Independence Survive The 2020 Oil War?

President Trump has suggested America still has “a lot of power over the situation” and could yet find a middle ground. The U.S. leader will need all his famed dealmaking ability and more though to pull off what could be a deal of the century with Saudi Arabia, to keep U.S. energy independence and the shale industry alive.

Read Here – The National Interest

Afghanistan Is Drifting Toward Civil War. The Coronavirus Pandemic Makes One More Likely.

The reality is that Afghanistan is a landlocked country thousands of miles away from America and of marginal economic and strategic importance to it. Once the Trump administration signed a deal with the Taliban, it began to look at Afghan war through the rearview mirror. And with the monumental crisis created by the Coronavirus pandemic, the American foot will remain steady on the accelerator. The troops are coming home.

Read Here – The National Interest

A Greater Depression?

With the COVID-19 pandemic still spiralling out of control, the best economic outcome that anyone can hope for is a recession deeper than that following the 2008 financial crisis. But given the flailing policy response so far, the chances of a far worse outcome are increasing by the day.

Read Here – Project Syndicate

In A National Emergency, Presidential Competence Is Crucial

In a national emergency, the president has many legal authorities, most of which are adequate to the job. But Donald Trump is inadequate to do the job. He is a president who lacks familiarity with how government works at any level—especially the federal government and especially during a crisis…The result has been on full display during the coronavirus pandemic: chaos and incompetence.

Read Here – Brookings

Great Power Competition After the Coronavirus Crisis: What Should America Do?

Sooner or later, the world will bend the curve on the coronavirus, and the great power competition will pick up where it left off. The time to start assessing what that means for U.S. foreign and security policy in a post-pandemic world starts now. Washington ought to turn its attention first to those parts of the world most vital to U.S. interests.

Read Here – The National Interest

Post Navigation

%d bloggers like this: