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UK’s new COVID strain problematic but economic pain is a greater risk
Ian Bremmer discusses the World In (more than) 60 Seconds:
Number one, what's the story with the new COVID strain in Britain?
Well, I mean, it's a mutation. Apparently, it is equally combatable by the vaccines that we've developed, and I've heard that directly by some of the people that are running those companies. So, it's not a concern about the ability that we have to stop the disease once we get vaccinations, thank God. But it is a problem in terms of how much more quickly the virus can be transmitted. Now, in the United Kingdom, they do an awful lot of testing, especially compared to many countries in Europe, and they have found an extensive amount of this new strain, which has led them to bring the UK into Tier 4, as they call it, which means basically Christmas is canceled. No one's going anywhere. Everything's locked down. That also has meant that a lot of countries have suspended travel to the United Kingdom, which I understand, but we've already seen some of this new strain in Italy, for example. I suspect it's going to pop up in a bunch of other countries in the continent. If it's everywhere, do you really want the additional pain economically?
Look, one thing I would say is that over the course of the next couple of months, as we see much more vaccinations, and we're going to, we've got 500,000 people vaccinated already in the United States which is a fantastic number, frankly, so quickly. These are the people that are most vulnerable. Mortality rates are going to go down significantly. As it does, there needs to be much more focus on the economic side of the equation. $600 in the pocket of the average American that is suffering on the back of all of these lockdowns is not adequate for them. And I think the new coronavirus task force under Biden should be doctors and epidemiologists, should also be economists and business leaders. You need a balance between both, and I am worried that especially as we do a better job, finally, in fighting the healthcare impact of this disease, we are not doing nearly an adequate job for the average American in fighting the economic consequences, and that is something we're going to live with for a very long time.
Okay, next question. Did Aleksei Navalny really prank his poisoner?
I don't know that I'd call it a prank in the sense that Navalny only could have died, but he did pretend to be the boss of this one Russian spy, got him on the phone, and was chewing him out with the fictitious name and say, "How was it that, Navalny, you didn't kill this guy?" And I'm sure at least psychologically it was good for Aleksei to feel like he was able to do that and get it out there. And apparently, they put this agent, this chemical agent inside the seams of Navalny's boxer shorts. I mean, I didn't need to know what kind of briefs Navalny wears personally, but now it's all out there. He wore them, it got into his body. He immediately fell very ill. Apparently when the Russians provided his body, they allowed it to fly to Germany, all the clothing was of course not there because that's evidence. And now he's trying to get that clothing. And I'm fairly certain that that clothing no longer is gettable. But does Putin care? Probably not. Navalny's considered a pest, but also, if Putin really wanted Navalny dead, Navalny would be dead by now. I think that's also pretty clear. Putin likes to show that he can play a cat and mouse game with these dissidents, that he is so much more powerful than them. I feel fairly confident that if there were more significant threats to Putin's power, the level of direct repressive measures against a lot of these people would be even greater. It's not as if Putin has any respect for human life in this context, a very depressing thing.
Did you see the Christmas Star?
I actually did. This is Jupiter and Saturn coming as close together as they've ever been since the 1600s, apparently 1623. Galileo's time. And you look out and it was right after sunset. And even in a city like New York with all the ambient light, you could actually see this very bright, two planets kind of look like stars, right? Because how the hell would we know, right where the sun had set for a couple of hours? And I mean, it was nice. It didn't excite me, but I thought it was kind of a cool thing. Interestingly, everyone talks about how it's the first time since 1623, but the astronomers are saying that back in 1623, they were too close to the position of the sun so no one could have seen it. It's like if a tree falls in the forest and no one is there, does it make a sound? Does it matter? And the answer is, well, yeah, maybe, but it's not as exciting as if the humans can put it in context, document it, has experience for us. And that's important because this does happen every few hundred years. In fact, it happened back in the early 1200s when people could see it. And then, that was the time of Genghis Khan. And that was the kind of world that we have today, more GZERO, more kind of like mass destruction, and we don't care about people. And it just feels more appropriate generally that the last time we've had this kind of a convergence of the two largest planets in the solar system... People saying Jupiter and Saturn, but they're the two largest planets. It's like the United States and China, but on a solar system kind of scale, right? I'm just going to stop right now because I clearly know nothing useful about astronomy, but you asked this question and so I'm giving you what I have.
Chinese leaders pledge to keep up economic recovery
Senior Chinese leaders have pledged to maintain "necessary support" to keep up China's economic recovery, as the world's second-largest economy continues to face uncertainties and headwinds.
Japan PM Suga says revitalising economy is government's top priority
He also said Japan's alliance with the US was a linchpin of its policies.
Bangladesh garment workers pray for orders as pandemic shreds exports
DHAKA (REUTERS) - Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave of the coronavirus pandemic.
How Europe mounted a united economic response to the pandemic
Ian Bremmer looks at how 27 nations in the European Union were able to put aside decades of inter-continental grievances and come together to aggressively and almost immediately respond to the economic toll wrought by the coronavirus. One person, in particular, played an outsize role in bringing about that unlikely outcome: Christine Lagarde.
Watch the episode: Christine Lagarde, Leading Europe's United Economic Pandemic Response
Will things in Europe get worse before they get better?
"The jury is out" European Central Bank President Christine Lagarde says when asked if things in Europe will get economically worse before they get better. "All I know is that it's going to be a journey, and probably a long journey." Her conversation with Ian Bremmer is part of a new GZERO World episode.
Christine Lagarde: The uncertain fate of Europe’s economic recovery
"I'd like to say that the recovery is underway but that it is uncertain, incomplete and uneven." European Central Bank President Christine Lagarde tells Ian Bremmer how 27 EU member states were able to set aside decades-long political grievances in order to act quickly on economic relief for the millions of Europeans hit hard by the pandemic.
The exchange is part of a wide-ranging interview for GZERO World. The episode begins airing nationally in the US on public television Friday, September 25. Check local listings.
Malaysia unveils extra $3.3b stimulus package
KUALA LUMPUR • Malaysian Prime Minister Muhyiddin Yassin yesterday announced an additional economic stimulus package worth RM10 billion (S$3.3 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic.