Ian Bremmer's Quick Take:

It's been a very tough week in the United States, both because in New York, and, of course, the glad tidings of New York very quickly come to a theater near you, are increasingly concerns about breakthrough COVID cases. The potential for hospitals to get overwhelmed, even if omicron turns out to be significantly milder than previous variants. If you have 10X the number of cases and one-third the hospitalizations, you're still going to overwhelm hospitals. And what happens in New York does not stay in New York. It's not like Vegas here. It goes to the rest of the world and it goes across the country.