Watching and Ignoring

WHAT WE’RE WATCHING

Italian contradictions — The populist Five Star Movement and Lega will now form a government after all. As Gabe Lipton wrote for us on Wednesday, they face some very tough choices. Polls indicate that 57 percent of Italians favor both a universal basic income and big tax cuts, promises offered by these two parties. More government spending and less government revenue is a questionable idea for a country with the highest debt-to-GDP ratio of any EU country not named Greece. A new government in Rome doesn’t mean things have gotten any simpler.


Somali pirates — Incidents of piracy off Somalia’s coast jumped from 16 in 2015 to 27 in 2016 and to 54 in 2017, according to an annual report released by an anti-piracy NGO. The main source of the increase appears to be official complacency — fewer patrols and fewer precautions onboard ships.

Fredie Blom’s bad habit — South African Fredie Blom wants to quit smoking. He’s wanted to quit for a long time. We all know cigarettes can cause health problems, and Fredie blames the devil for his addiction. But we shouldn’t worry too much about his repeated failure to kick the habit, because Fredie Blom is 114 years old.​

WHAT WE’RE IGNORING

The Larrea Letter — Billionaire businessman German Larrea published a letterthis week warning Mexico’s business community of the risks of electing a “populist” candidate as Mexico’s president. But a new poll this week showed Andres Manuel Lopez Obrador, the obvious target of this letter, with a 26-point lead on his nearest challenger ahead of the one-round July 1 presidential election. That’s probably because voters are less worried about the fortunes of Mexico’s business elite than about issues like security and corruption on which Lopez Obrador polls well.

The Trump-Kim Summit — President Trump invited Kim Kardashian to the White House on Wednesday to discuss “prison reform,” because… um…

A North Korean Burger Joint? — In a report published this week, CIA analysts argued that North Korea has no intention of giving up its nuclear program, but agency officials also say Kim Jong-un might open a Western hamburger franchise in Pyongyang as a gesture of goodwill toward President Trump. Even if I found myself unexpectedly in Pyongyang and ravenously hungry, your Friday author wants no part of a North Korean Happy Meal.

Meet Zoe Marshall, grandmother, fishmonger, and thriving business owner.

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When Zoe Marshall decided to switch careers in her forties and become a fishmonger, she was scared. After leaving her job of 23 years, Zoe was forced to pivot in order to keep her family's home. Despite challenges, she forged ahead, opening Sea-Licious. Accepting Visa payments in her fishmonger shop, this access to commerce helps Zoe provide convenience to her customers and confidence in their transactions. Though she's one of the only women in the fish market each morning, her business and its place in the local community are flourishing with Visa's help.

Learn more about Zoe and her story.

In the lead-up to this year's COP26 climate summit in Glasgow, much of the attention has been focused on last summer's wildfires across the US and Europe, and more recently skyrocketing European energy prices. But what about Asia, the world's biggest and most populated region, which also has the highest share of global carbon dioxide emissions that cause global warming? Asia has unique climate risks but also many opportunities for solutions, and whatever happens at COP26, Asian countries led by China and India are primed to lead the world in the struggle to make the planet greener before it's too late. In a live discussion moderated by Shari Friedman, Eurasia Group's Managing Director of Climate and Sustainability, global experts discussed these and other topics during the first of a two-part Sustainability Leaders Summit sponsored by Suntory.

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We're just days away from COP26, the landmark global climate conference that's been dubbed the last chance to get the climate crisis in check. In the lead-up to the event in Glasgow, dozens of countries have released new ambitions to reduce their future carbon footprints. For years, climate activists and experts have called on governments to introduce carbon pricing schemes – either through taxes or emissions-trading schemes. So who's heeded the warning? We take a look at the top ten carbon emitters' share of global emissions and details about their respective national carbon pricing schemes.

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Do cryptocurrencies make it harder to enforce foreign policy sanctions?

Well, that is exactly what the Biden administration worries about. As part of growing concerns of whether unregulated currencies undermine a whole host of policies, sanctions and foreign or trade policy should be a priority area. And just like others who wish to evade tracing of their wealth or transactions, the very states or their sanctioned entities should be assumed to resort to all options to evade restrictions while continuing to do business. So having cryptocurrencies undermining the ability to enforce strategic goals logically raises eyebrows in Washington.

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Back in August, when the Taliban took over, we asked whether anyone in the international community would recognize them. Now it looks like things are heading that way.

This week, the Kremlin hosted a summit with the Taliban that was attended by China, India and Pakistan, as well as all five Central Asian Republics.

The domestically-focused US, however, wasn't there. The US continues to maintain that the Taliban can't be trusted. But does it matter? In 2021 does a Taliban-led government even need American recognition to function and thrive?

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For Kevin Rudd, former Australian PM and now CEO of the Asia Society, the science on climate change is pretty much done, so the only unresolved issues are tech and — more importantly — lack of political leadership. He can't think of a single national political leader who can fill the role, and says the only way to get political action on climate is to mobilize public opinion.

Rudd joined for the first of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory. Watch here and register here to watch part two Friday 10/22 at 8 am ET.

Taking place on October 21 and 22, the Sustainability Leaders Summit will go beyond preexisting narratives and debate priorities for governments and industries ahead of COP26. Placing the spotlight on Asia's role in the global sustainability agenda, the event will address whether Asian countries and companies can achieve shared sustainability goals, and what is needed to help get them there. The summit will be co-hosted by Tak Niinami, CEO of Suntory Holdings, and Ian Bremmer, founder and president of Eurasia Group and GZERO Media. We will address three key questions: How can Asian countries, with the help of the private sector, achieve shared Sustainability Goals? Why does this matter? And what are the policy changes needed to bring it about?

Attendance is free and open to the public. Register to attend.

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The minutiae of supply chains makes for boring dinner table talk, but it's increasingly becoming a hot topic of conversation now that packages are taking much longer to arrive in the consumer-oriented US, while prices of goods soar.

With the issue unlikely to be resolved anytime soon, right-wing media have dubbed President Biden the Grinch Who Stole Christmas, conjuring images of sad Christmas trees surrounded by distraught children whose holiday gifts are stuck somewhere in the Pacific Ocean.

It hasn't been a good run for Uncle Joe in recent months. What issues are tripping him up?

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