Asia
Hard Numbers: Biden’s pardon powers, Beijing learns from Shanghai, Japan unveils relief package, Russia’s “anti-gay” machoism
US President Joe Biden
REUTERS/Evelyn Hockstein
3: Using his executive clemency powers for the first time, President Joe Biden on Tuesday pardoned three people and shortened scores of other sentences. The most high-profile person to get clemency was Abraham W. Bolden, the first Black Secret Service agent to serve in a presidential detail. He was found guilty of bribery charges but has maintained his innocence. The other two pardonees were incarcerated for drug-related offenses.
20 million: With just a few dozen cases identified, authorities will test Beijing’s 20 million residents for COVID-19 in an attempt to avoid the citywide lockdown seen in Shanghai, which caused widespread social dislocation and a government backlash. Concurrent lockdowns in Shanghai and Beijing would further disrupt China’s economic output.
8: Vitaly Milonov, the lawmaker who pioneered Russia’s anti-gay “propaganda” legislation, which banned the “promotion of non-traditional sexual relations,” is hosting a new YouTube show called “I’m not gay.” The weird series tests the heterosexuality of eight participants with the aim of outing the one among them who’s indeed gay.
6.2 trillion: Japan’s government unveiled a 6.2 trillion yen economic relief package to help families and small businesses deal with the rising cost of living as a result of the pandemic and the war in Ukraine. The yen’s value against the US dollar has tumbled to a 20-year low, creating disagreement among policymakers on whether Tokyo should continue its tactic of pursuing a weaker currency for its export-reliant economy.Ian Bremmer sits down with Ivan Krastev, Chairman of the Centre for Liberal Strategies and political scientist, to discuss Hungary's consequential upcoming election and what it means for the far right globally.
A new US regulatory framework sets clear rules for stablecoins, defining issuer responsibilities and laying the groundwork for consistent federal and state oversight. With guardrails in place, stablecoins are shifting from crypto experiment to payment infrastructure. Explore the stablecoin framework with Bank of America Institute.
See: “Raphael: Sublime Poetry at the Met.” The first Raphael retrospective ever mounted in the US is running through June 28 at the Met Museum.
Forty-eight countries have officially qualified for the World Cup, after Iraq booked the final spot with its win against Bolivia on Tuesday.