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March 24, 2020

Coronavirus
Tackling COVID-19: A Problem So Big, You Can See It From Space

Links between COVID-19 and other global challenges underscore the importance of multilateral cooperation across a broad array of issue areas.

World Health Organization Director General Tedros Adhanom Ghebreyesus and UN Secretary General Antonio Guterres, flanked by staff members, walk toward a briefing at WHO headquarters in Geneva, Switzerland.

September 6, 2019

Zimbabwe
Good Riddance to Zimbabwe’s Robert Mugabe

During his thirty-seven years in power in Zimbabwe, he committed virtually every human rights violation there is. His hands were awash in the blood of Zimbabweans. Fanning and exploiting racial and class differences, he destroyed the country’s economy, once on the cusp of being one of Africa’s most developed, driving out commercial white farmers. By the time he died, Zimbabwe was an international pariah, an economic basket case, and many or most of the country’s most educated and productive citizens had left the country.

Robert Mugabe stands in front of a blurred out, saluting soldier.

March 25, 2020

China
China Needs More Progressive Taxes and More Spending on Public Health

China needs its own version of Rutger Bregman …  

A heart-shaped Chinese flag installation ahead of the 70th founding anniversary of People's Republic of China is seen on a street in Shanghai, China September 26, 2019.

March 31, 2020

Technology and Innovation
Time to Open-Source Ventilators

Thus far, the U.S. government has yet to come up with a plan to produce the amount of ventilators that experts say are necessary to serve patients afflicted with COVID-19. It should now force ventila…

A worker at Flowfold using one of their newly designed masks on the production line.

April 7, 2020

China
How Effective Have China’s Agricultural and Seafood Tariffs Been?

There is a case that viruses (bird flu, swine fever, and now the coronavirus) have had almost as big an impact on Chinese-American agricultural trade as the trade war. (And more than most want to …

How Effective Have China’s Agricultural and Seafood Tariffs Been?

March 31, 2020

International Economic Policy
Not One Emerging Market Financial Crisis, but Many…

The common denominator across many emerging economies is a shortage of dollars. But the causes differ, as do the solutions.

A worker wearing a protective suit is seen inside the Shanghai Stock Exchange building amid the coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020.

March 17, 2020

Cybersecurity
Message to Cybercriminals: Hospitals Are Off-Limits

Late Sunday evening, the U.S. Department of Health and Human Services was hit with a cyberattack. This is not the first time that cybercriminals have targeted the U.S. health-care system during the c…

Medics transport a patient through heavy rain into an ambulance at Life Care Center of Kirkland.

March 22, 2020

International Economic Policy
How Asia’s Life Insurers Could “Shelter-In-Place”

Asia’s life insurers likely hold somewhere between $1.5 trillion and $2 trillion of foreign currency denominated bonds as part of their portfolio—mostly dollar denominated, but some in euros. Japanes…

Japan, Taiwan, korea Lifers' Foreign Security Holdings (USD Billions)

July 14, 2006

United States
Far be it from me to disagree with Robert Rubin

One thing I never thought I would see: William Greider  (no fan of Citibank Democrats) interviewing Robert Rubin.    The end result is well worth reading.  Rubin doesn’t seem to be in Steve Roach’s…

March 11, 2020

Taiwan
It Is Time for a Currency Manipulation Truce… Especially as Taiwan Disclosed Its True Foreign Exchange Position

There is no need for the Treasury to put out its foreign exchange report on time this April. There are other, more pressing priorities. And if it does, the Treasury should exercise its discretion to …

It Is Time for a Currency Manipulation Truce… Especially as Taiwan Disclosed Its True Foreign Exchange Position