Hard Numbers: US inflation spikes, Nicaraguan visas scrapped, COVID booster debate, global hunger soars

Hard Numbers: US inflation spikes, Nicaraguan visas scrapped, COVID booster debate, global hunger soars

5.4: Inflation spiked 5.4 percent last month, marking the fastest monthly pace since the Great Recession in 2008. The Biden administration says that this is a "bump in the road" as temporary post-pandemic supply shortages distort prices, but some economists say that high prices are here to stay because of too-generous government stimulus doled out during the pandemic.


100: The US State Department on Monday scrapped travel visas of 100 Nicaraguan legislators, judges and prosecutors who have backed Daniel Ortega's Sandinista government. Ortega, who is running for his fourth term in November elections, has arrested dozens of opposition candidates and journalists in recent months, and has long been labeled an abuser of human rights by the international community.

1: Israel has become the first country to offer COVID-19 booster shots as a bulwark against the spreading Delta variant, offering the third dose of the Pfizer-BioNTech shot to immunocompromised people. This comes as the World Health Organization slammed the idea of high-income countries offering third shots before many low- and middle-income states have secured access to first doses.

811 million: About a tenth of the global population — 811 million people — was undernourished in 2020, an uptick in global hunger linked to the pandemic. More than half of the world's undernourished population lives in Asia, while one third lives in Africa.

Building on its previous commitment, Walmart is investing an additional $350 billion in products made, grown and assembled in America - supporting more than 750,000 new jobs by 2030. This pledge will aim to avoid more than 100M metric tons of CO2 emissions, advance the growth of U.S. based suppliers, and provide opportunities for more than 9,000 entrepreneurs to become Walmart suppliers and sellers through Walmart's annual Open Call.

Turkey's Erdogan ups the ante with the West: Turkey's President Recep Tayyip Erdogan has declared diplomats from 10 Western countries "persona non-grata" after the group — which includes the US, France, and Germany — called on Ankara to release Osman Kavala, a Parisian-born Turkish businessman who's been held in jail since 2017 but hasn't been charged with a crime. Erdogan says that Kavala was involved in an attempted coup against the government in 2016. This latest move is a sign of Turkey's authoritarian drift in recent years, which has seen Erdogan's government increasingly crack down on opposition members as well as journalists. It also reflects Turkey's increasingly fraught relations with the West: things got particularly bad between Washington and Ankara after Turkey purchased missile defense systems from the Russians in 2019. The Council of Europe (the EU's leading human rights organization) had previously warned that Ankara has until November to release Kavala or it would impose "infringements," though it's unclear what those would be.

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ASEAN gets tough(ish) with Myanmar: The leaders of the 10-member Association of Southeast Asian Nations meet Tuesday for their annual summit with one notable absence: the head of Myanmar's military junta. It's a rare snub from ASEAN, a regional bloc that's gotten a lot of heat in the past for giving tyrants a free pass. The junta says ASEAN violated its traditional principles of deciding by consensus by disinviting its leader, and non-interference in domestic affairs for demanding the bloc's special envoy meet detained former leader Aung San Suu Kyi. For their part, the other ASEAN members have grown visibly alarmed at Myanmar's rapidly deteriorating political and economic situation since the February coup, and they're worried about the spillover effects of Myanmar becoming a failed state. More importantly, Myanmar is a big thorn in ASEAN's side as it walks a fine line between keeping warm ties with the US — which most members want cash and security from — and getting along with China, one of Myanmar's few remaining friends and viewed with suspicion by most ASEAN members over its South China Sea shenanigans.

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149: The concentration of carbon dioxide in the atmosphere reached a record-high 413.2 parts per million in 2020, 149 percent above pre-industrial levels. A new report by the UN weather agency released ahead of the COP26 climate summit found that last year's lower emissions due to COVID-related lockdowns had no impact on the overall amount of greenhouse gases causing global warming.

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Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

Why should all eyes be on the Virginia suburbs?

I'm here in the Washington, D.C. suburb of Arlington, Virginia, where the state will be having a gubernatorial election on November 2nd. The Virginia governor election is held in the year after the US presidential election typically, and is generally seen as a bellwether for how popular the incumbent president of the United States is. In 2009, the Republican candidate won by a commanding 16 points despite the fact that Virginia has been trending more and more Democratic in recent years due to the population growth here in the suburbs, which tend to be more blue than rural areas of the state.

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Can Big Government still rein in Big Tech or has it already lost control? Never before have just a few companies exerted such an outsized influence on humanity. Today's digital space, where we live so much of our daily lives, has increasingly become an area that national governments are unable to control. It may be time to start thinking of these corporations as nation-states in their own rights. On GZERO World, Ian Bremmer speaks with Nicholas Thompson, CEO of the Atlantic and former WIRED editor-in-chief, about how to police the digital world.

16: Rich countries have secured 16 times more COVID vaccine supplies than developing nations that rely on the struggling COVAX facility, according to analysis by the Financial Times. COVAX is steadily losing bargaining power to buy vaccines at low prices due to the combined effects of booster shots being doled out in developed countries, as well as low-income countries deciding to buy jabs on their own.

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Listen: Can Big Government still rein in Big Tech or has it already lost control? Never before have just a few companies exerted such an outsized influence on humanity. Today's digital space, where we live so much of our daily lives, has increasingly become an area that national governments are unable to control. It may be time to start thinking of these corporations as nation-states in their own rights. Ian Bremmer speaks with Nicholas Thompson, CEO of the Atlantic and former WIRED editor-in-chief, about how to police the digital world.

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