Hard Numbers

11 billion: The shutdown that closed parts of the US federal government cost the US $11 billion in December and January, according to an initial estimate by the Congressional Budget Office. While some economic activity will rebound as government workers get back pay, the CBO estimated that around $3 billion of the loss may be unrecoverable.

500 million: Two years after the launch of a Saudi-led trade and travel embargo, Qatar is stepping backonto the global stage. The Gulf state recently extended $500 million of financial support to Lebanon. It's also recently hosted the leaders of Pakistan and Sudan, as well as US-Taliban peace talks.

64: There are many signs to suggest globalization is slowing: global goods trade, the profit share of multinational corporations, and foreign direct investment have all fallen over the past decade. But during the same period, the volume of data crossing international borders has increased 64-fold, according to McKinsey.

6: In the past year, the US fell 6 spots on Transparency International's Corruptions Perception Index, a survey of how publics view their governments. The US now ranks 22nd below France, the UK, and Japan.

16 weeks of paid maternity leave pays for itself in the first year.

It's your Money in 60 Seconds with Sallie Krawcheck!


And go deeper on topics like cybersecurity and artificial intelligence at Microsoft on The Issues.

Last weekend, world leaders, security experts, and business executives flocked to the Hotel Bayrischer Hof in Munich for the 55th annual Munich Security Conference. What's the Munich Security Conference? Think of it a bit like Davos, but with policymakers in dark suits rather than billionaires in Gore-Tex.

More Show less

Speaking of trans-Atlantic rifts, we've written previously about the US pushback against Huawei, arguably the world's most geopolitically significant technology company. The Trump administration has been trying to convinceits European allies to ban the Chinese tech giant from their next-generation 5G information networks, citing national security risks. Last week, Secretary of State Mike Pompeo even warned of consequences for countries that don't toe Washington's line on the issue.

More Show less

Over the past 20 years, hundreds of millions of people in China have been pulled out of poverty by their country's staggering economic growth. Beijing today is a rising power on the global stage. That's all pretty great, and yet the country still ranks beneath war-torn Libya and perpetually melancholy Russia in the United Nations World Happiness Report. This week's Economist hazards a guess about what really makes people smile or scowl, but here's how China stacks up for joy against other countries.