Hard Numbers: Iran kills four zeros, Putin hits all-time low, EU sees worst contraction ever

0000: With the value of the Iranian rial plummeting amid low oil prices and crippling US sanctions, the government has decided to simply slash four zeroes off of the value of its currency. While moves like this are an accounting trick, the thinking is that they can have a positive psychological effect for consumers and lenders. Over the next several years, Iran's rial will be replaced by a new currency called the toman.

59: Russian President Vladimir Putin's approval has fallen to 59 percent. That's not bad by global standards, but it's the lowest mark for him since he first took power two decades ago. Plummeting oil prices and rising coronavirus deaths are taking a toll on his power.

7.4: The European Commission predicts that the coronavirus crisis will cause the EU's economy to shrink by 7.4 percent this year, the largest annual contraction in the bloc's history. On the upside, Brussels predicts a swift recovery in 2021, with GDP growing by 6 percent.

1.9 trillion: Last year countries around the world spent a total of $1.9 trillion on weapons, the highest mark on record for SIPRI, an arms watchdog. The US, which accounted for nearly forty percent of that, spends more than the next nine countries combined. Now that countries are fighting the "invisible enemy" of coronavirus, will that number fall?

Bank of America CEO Brian Moynihan announced a $1 billion, four-year commitment of additional support to address economic and racial inequalities in our local communities that have been intensified by the global pandemic.

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As protests over the police killing of George Floyd raged across the country, there have been more than 125 instances of journalists being shot with rubber bullets by police, arrested, or in some cases assaulted by protesters while covering the unrest.

Foreign news crews from Germany and Australia have been caught up in the crackdown. Australia's Prime Minister has even called for an investigation. Some of these journalists have simply been caught in the crossfire during surges of unrest, but video and photographic evidence reveals cases where police have deliberately targeted reporters doing their jobs.

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600,000: French authorities said 600,000 residents downloaded its new coronavirus contact tracing up within the first few hours of its release. The app, which aims to prevent a second wave of infections in that hard-hit country, has stirred controversy in France amid concerns that the data it gathers could be abused by the government to surveil people.

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As anti- racism protests rocked US cities in recent days, thousands of people gathered in cities around the world in solidarity. In some instances, demonstrators assembled outside US embassies — in Berlin, London, Paris, and elsewhere — to condemn the police killing of George Floyd. In others, crowds inspired by the Floyd demonstrations gathered to protest systemic racial injustice in their own societies. Here's a look at where demonstrators have taken to the streets in recent days.

This week, Ian Bremmer is joined by analyst Michael Hirson to take the Red Pen to an op-ed by New York Times Opinion columnist Bret Stephens.

Today, we're marking up a recent op-ed by New York Times columnist Bret Stephens, entitled "China and the Rhineland Moment." And the subheading here is that "America and its allies must not simply accept Beijing's aggression." Basically, Bret is arguing that US-China relations are at a tipping point brought on by China's implementation of a new national security law for Hong Kong. And he compares this to Hitler's occupation of the Rhineland in 1936, describes it as the first domino to fall in Beijing's ambitions.

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