The Future WHO (World Health Organization)

“The alarming amendments offered by the Biden Administration to the WHO’s International Health Regulations would grant new unilateral authority to [WHO] Director-General Tedros to declare a public health crisis in the United States or other sovereign nations, without any consultation with the U.S. or any other WHO member. Specifically, the Biden Amendment would strike the current regulation that requires the WHO to ‘consult with and attempt to obtain verification from the State Party in whose territory the event is allegedly occurring in,’ ceding the United States’ ability to declare and respond to an infectious disease outbreak within the United States, dependent on the judgment of a corrupt and complicit UN bureaucracy.” — Rep. Chris Smith, ranking member of the House Global Health Subcommittee, May 18, 2022.

José Eduardo Dos Santos, la dictature et les pétrodollars

L’ancien président angolais est décédé ce vendredi à Barcelone. Retour sur un règne sans partage.

José Eduardo dos Santos passait pour un autocrate discret. Il a marqué l’histoire de son pays pendant des décennies. Déjà à 16 ans, il intégrait le Mouvement populaire de libération de l’Angola (MPLA) alors que son pays cherchait à obtenir son indépendance du Portugal.

The End of Magic Money

Inflation and the Future of Economic Stimulus

Two years ago, I predicted in Foreign Affairs that the COVID-19 recession, coming on top of the financial crisis of 2008, would lead rich democracies to redefine the outer limits of their monetary and fiscal power, ushering in an “age of magic money.” Because central banks had a long record of containing inflation, the penalty for profligacy would likely not materialize; supersized stimuli could coexist with stable prices. Of course, the success of this experiment would depend on the continued inflation-fighting credibility of central banks, the Federal Reserve foremost among them. “If the Fed loses its independence, the age of magic money could end in catastrophe,” I noted.

Boris Johnson resignation: how the prime minister’s tumultuous week played out

After weathering numerous storms that would have sunk others, Boris Johnson’s time as prime minister comes to an ignoble end, mired in scandal and having lost the support of nearly all his MPs.

The resignation didn’t come out of nowhere – Johnson was already losing support from his party, narrowly surviving a confidence vote in early June. Just two weeks later, things were looking even grimmer, after losing two byelections in supposedly safe seats.

Refugee Resentment on Rise as Poland’s Poorest Squeezed by Cost-of-Living Crisis

Poles are feeling the effects of the cost-of-living rise, though what damage this will do to the ruling party’s popularity ahead of next year’s election is still unclear.

At the Rozycki Bazaar in the North Prague district of the Polish capital, the mood is bleak. The market has existed for 150 years, but the owners of stalls think its days may be finally numbered.