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Rahm Emanuel & Ian Bremmer discuss the challenges facing US democracy
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Rahm Emanuel & Ian Bremmer discuss the challenges facing US democracy

In a conversation with Ian Bremmer at the 2024 GZERO Summit Japan, United States ambassador Rahm Emanuel attributes the erosion of trust in American democracy and its government to a lack of accountability for major events like the Iraq War and the financial crisis. He points out that while local governments function more efficiently, national leadership has failed to provide necessary accountability, leading to a crisis of faith that must be addressed to restore confidence in the system.
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June 16, 2023 - Paris, France: Saudi Arabia s crown prince Mohammed Bin Salman arrives at the Elysee palace for his meeting with French President Emmanuel Macron.

Mehdi Chebil / Hans Lucas via Reuters Connect

Hard Numbers: Aramco invests, Japan frets, Perplexity gets popular — and sued, UK sentences man in deepfake case

100 million: The venture capital arm of Saudi Aramco — called Wa’ed Ventures — is pledging $100 million to invest in artificial intelligence. AI is crucial to Crown Prince Mohammed bin Salman’s Vision 2030 strategic plan, which aims to diversify the oil-reliant national economy. The country hosted a Global AI Summit just last month that attracted global interest. Now, even Saudi Aramco, the sixth most valuable company in the world, and the bedrock of the Saudi oil economy, is getting in on the action.
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Japanese Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shigeru Ishiba bows to LDP lawmakers onstage after a press conference, a day after Japan's lower house election, at the party's headquarters in Tokyo, Japan October 28, 2024.

REUTERS/Kim Kyung-Hoon/Pool

It’s horse-trading season in Japan after shock election

Japanese Prime Minister Shigeru Ishiba is promising deep internal reforms to the Liberal Democratic Party after voters delivered what he called a “severe judgment” in Sunday’s elections, costing him the majority in the lower house of Parliament. The LDP has ruled since 1955 with only brief interruptions, but it lost 56 seats as voters expressed frustration with a funding scandal that has tarnished the party’s image with corruption and entitlement.

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Japanese Prime Minister Shigeru Ishiba is pictured during a media interview at the headquarters of his ruling Liberal Democratic Party in Tokyo on Oct. 27, 2024.

Kyodo via Reuters Connect

Japan’s ruling coalition loses majority

Japan’s Liberal Democratic Party and coalition partner Komeito lost their parliamentary majority on Sunday in an election dominated by economic and ethical issues.

“The LDP got thumped,” said David Boling, Eurasia Group's Japan director, noting that a recent political fundraising corruption scandal was its downfall. “It tried to sweep the political fundraising scandal under the rug, but the voters weren’t having it.”

The LDP now holds 191 seats in the 465-seat lower house, its worst performance since 2009. Komeito holds 24, while the main opposition party, the Constitutional Democratic Party of Japan, has 148, and two smaller parties, the Democratic Party for the People and Japan Innovation Party won 28 and 38 seats respectively – making them possible partners in the new government.

Foreign policy feud? Komeito has resisted the LDP’s push to abandon Japan’s post-World War II pacifism, opposing moves to double military spending, acquire longer-range weapons, and lift restrictions on military exports. In contrast, the JIP is led by Donald Trump-admirer Nobuyuki Baba and favors increased defense spending and revising Japan’s constitution to boost military engagement.

Next steps: Japan’s defensive capabilities depend on popular will and economic recovery. With growing tensions with China, Russia, and North Korea, and the upcoming US election, Ishiba’s first job is to achieve political stability and get the country’s fiscal house in order.
Luisa Vieira

Graphic Truth: BRICS economies eclipse the G7

In 2001, a Goldman Sachs economist coined an acronym for the four largest and most promising “emerging market” economies: Brazil, Russia, India, and China became known as the “BRIC” countries.

Five years later, reality imitated art when the countries decided to begin meeting regularly at “BRIC summits,” with the latest occurring in Kazan, Russia, this week. The subsequent inclusion of South Africa upgraded the “s” to a capital letter: the BRICS.

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October 23, 2024, Kamagaya, Japan - Japanese Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shigeru Ishiba reacts to his supporters after he delivered a campaign speech for his party candidate Hisashi Matsumoto for the general election at Kamagaya in Chiba prefecture, suburban Tokyo on Wednesday, October 23, 2024.

(photo by Yoshio Tsunoda/AFLO)

Will Japan’s LDP lose its grip on power?

As Japan heads to the polls this Sunday, Prime Minister Shigeru Ishiba’s decision to call an early election just weeks after taking office is turning out to be a high-stakes gamble. Polls predict that the ruling Liberal Democratic Party could lose seats, or even the majority, after ruling the country for all but four of the past 65 years.

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What Sinwar's death means for the war in Gaza
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What Sinwar's death means for the war in Gaza

Ian Bremmer shares his insights on global politics this week on World In :60.

BRICS Summit: A "new world order" or already a relic of the past?

Neither. It's in Kazan in Russia. So, I mean, the big issue is that the fact that Putin is hosting it hasn't stopped people from showing up, and that says a lot about the state of the non-West. If you're not in the G7, you're still finding ways to work with the Russians, and that's not going to change anytime soon. But it is not an alternative to the G7. It's a large grouping, and they have different political, different economic systems. They want to work with everybody. So we're not heading towards a new Cold War, at least not in terms of the big global architecture.

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A person takes photos of the waves as Typhoon Krathon approaches in Kaohsiung, Taiwan October 2, 2024.

REUTERS/Ann Wang

Hard Numbers: Taiwan prepares for treacherous Typhoon, Benin crushes alleged coup attempt, Vietnamese sailors injured in South China Sea clash, Old US bomb makes a bang in Japan

2: At least two people are dead in Taiwan, and 70 injured, from weather attributed to Typhoon Krathon, which is expected to make landfall on the densely populated west coast of the Island on Thursday. Thousands have been evacuated from areas at risk of floods or landslides. One elderly man fell off a ladder while pruning a tree near his house in preparation for the storm, and another crashed into fallen rocks while driving. Western Taiwan is usually sheltered from major storms by its east coast mountain ranges and Taipei has put 40,000 troops on standby for expected rescue operations.

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