Bolton's book & impeachment; EU carbon tax; presidential race

Ben White, Chief Economic Correspondent for Politico, answers your most burning questions on US Politics!

Is there anything in the John Bolton book manuscript that could be big for the impeachment trial?

Well, absolutely. The revelation that Bolton says that Trump made it clear that holding up Ukraine was in return for a Biden investigation is big. It means that Republicans might want to hear from Bolton, which might mean more witnesses. So, yes, it's a big deal.


Are the US and EU on track for a trade war over the EU carbon tax?

Definitely possible. It's going to slow down any agreement between the US and EU on AG and other purchases, and it could lead Trump to renew his threat of auto tariffs on the EU.

Is there any candidate breaking out among the Democratic field in Iowa?

No, there's not. There were a ton of confusing polls over the weekend. Some show Biden with a lead, some show Bernie with a big lead. I think it really depends on turnout, which could be huge there. A huge turnout would be good for Bernie. But I think we could get a wash in the early states and then it really will come down to Super Tuesday and beyond.

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Did you know that COVID-19 is caused by 5G networks? Were you aware that you can cure it with a hairdryer, cow urine, or a certain drug that isn't fully FDA-approved yet?

None of these things is true, and yet each has untold millions of believers around the world. They are part of a vast squall of conspiracy theories, scams, and disinformation about the virus that is churning through the internet and social media platforms right now.

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15: So far, 15 US states and territories have delayed their primaries amid coronavirus fears, with many expanding vote-by-mail options to protect voters' health. Six of them have picked June 2, which is now an important date to watch.

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The danger to informal workers grows: Coronavirus lockdowns have created a world of uncertainty for businesses and workers around the world. But one group of people that could be hit particularly hard are those working in the so-called "informal economy," where workers lack formal contracts, labor protections, or social safety nets. Nowhere is this challenge more widespread than in Africa, where a whopping 85 percent of the work force toils in the informal sector. These workers, which include street vendors, drivers, and the self-employed, don't have the luxury of working from home, which makes social distancing unviable. As a result, many continue to go to work, risking exposure to the virus, because not turning up is often the difference between putting food on the table and starving. What's more, even where governments are trying to provide support, many people lack bank accounts, complicating efforts to get them aid. In Nigeria, for example, some 60 percent of people do not even have a bank account, according to the World Bank.

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As Europe inches past the peak of COVID-19 deaths and the US slowly approaches it, many poorer countries are now staring into an abyss. As bad as the coronavirus crisis is likely to be in the world's wealthiest nations, the public health and economic blow to less affluent ones, often referred to as "developing countries," could be drastically worse. Here's why:

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