Zuckerberg and Xi at the Mic

Zuckerberg and Xi at the Mic

Today brings important statements from the most powerful man on earth and the most powerful man on the internet. Each, in his own way, is a visionary sort of authoritarian. Neither is especially well liked by the US government at the moment.


First, Chinese President Xi Jinping delivered a keynote several hours ago at the Bo’ao Forum, a gathering of investors and global leaders that is China’s (tropical) answer to Davos.

Amid rising jitters about a US-China trade war, Mr. Xi struck something of a tactical retreat. He pledged explicitly to lower barriers to the Chinese auto sector — subject of a weekend outburst by Trump — and promised fresh movement on earlier plans to open China’s potentially lucrative financial services sector to foreign investment.

At the same time, Mr. Xi criticized the emergence of “zero-sum” trade policies and stressed the need for dialogue rather than threats. The ball (probably made in Thailand, rather than China, to be fair) is now back in Trump’s court.

But Mr. Xi remains at pains to paint a credible picture of China as a defender of free trade. China opposes tariffs on goods, sure — but the government’s expansive subsidies, low regard for IP rights, and generally high non-tariff barriers to investment are still acute problems for many of China’s trade and investment partners. On that score, Xi said little about changing his country’s signature industrial policy, the Made in China 2025 initiative, meaning that China’s strategic approach remains largely the same.

Later today, meanwhile, Facebook CEO Mark Zuckerberg will testify before Congress about two things: his company’s failure to protect users’ private data, and the ways that Facebook unwittingly facilitated efforts to meddle in the 2016 US presidential election.

He’ll contritely detail what Facebook is doing to address these problems. His main challenge is to be transparent enough to satisfy lawmakers (and shareholders) that he can fix things, but without giving Congress any bright ideas about tighter regulation. Facebook is already facing a big regulatory hit in Europe, where privacy laws are much tougher.

For now, most in Congress still see tighter regulation as a threat to innovation and free speech. But amid growing concern about social media’s negative impact on social cohesion, that can’t be taken for granted any more, and Zuckerberg knows it.

Xi and Zuckerberg are, in a sense, both making tactical feints in order to avoid more significant reforms to business models that have served them well. How long will their audiences buy it?

"I think there are certain times where you have tectonic shifts and change always happens that way."

On the latest episode of 'That Made All the Difference,' Vincent Stanley, Director of Philosophy at Patagonia, shares his thoughts on the role we all have to play in bringing our communities and the environment back to health.

For many, Paul Rusesabagina became a household name after the release of the 2004 tear-jerker film Hotel Rwanda, which was set during the 1994 Rwandan genocide.

Rusesabagina, who used his influence as a hotel manager to save the lives of more than 1,000 Rwandans, has again made headlines in recent weeks after he was reportedly duped into boarding a flight to Kigali, Rwanda's capital, where he was promptly arrested on terrorism, arson, kidnapping and murder charges. Rusesabagina's supporters say he is innocent and that the move is retaliation against the former "hero" for his public criticism of President Paul Kagame, who has ruled the country with a strong hand since ending the civil war in the mid 1990s.

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Bibi's COVID scheming: With coronavirus cases spiking, Israel has imposed a second nationwide lockdown, the first developed country to go back to draconian measures of this kind since the spring. The controversial decision, which came as Israeli Jews prepared to celebrated the Jewish High Holidays, represents a certain failure of Prime Minister Netanyahu's handling of the pandemic, in which Israel emerged as a global case study in how not to reopen after the initial lockdowns. Polls show that two-thirds of the public disapprove of Bibi's handling of the crisis. Many critics suspect the second lockdown — which bans large public gatherings — isn't only about flattening the curve, but about quelling the anti-Netanyahu protests that have gained steam throughout the country in recent months. This all comes as the Israeli government faces an unprecedented crisis: it has failed to pass a budget in two years and its economy is in free fall, sparking fears of another election by year's end (the fourth in less than two years).

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Gerald Butts, Vice Chairman & Senior Advisor of Eurasia Group, discusses reasons the rapid global response to climate change warrants optimism on UNGA In 60 Seconds.

There's a lot of doom and gloom out there about climate change. Can you give me a reason to be optimistic?

I'm going to say something you don't hear set very often when it comes to climate change. You should be an optimist. You should be a skeptical optimist, but an optimist nonetheless. Let me explain what I mean. We are scaling up climate solutions faster than even the most ardent among us thought possible a decade ago. Consider this. In 2010, about half of US electricity was generated from coal. This year less than 20% will be, and it's trending towards zero at increasing velocity.

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Ian Bremmer's Quick Take:

It's UNGA week, very unusual New York to have the United Nations General Assembly meetings. You know, the city is locked down. It's almost always locked down this week, but usually you can't get anywhere because you've got all these marshals with dozens of heads of state and well over a hundred foreign ministers and their delegations jamming literally everything, Midtown and branching out across the city. This time around, the security cordon for the United Nations itself is barely a block, and no one is flying in. I mean, the weather is gorgeous, and you can walk pretty much anywhere, but nothing's really locked down aside from, of course, the fact that the restaurants and the bars and the theaters and everything else is not happening given the pandemic. And it's not just in the US, it's all around the world.

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