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Quick Take: Hypocrisy, truth, & authenticity in today's environment

Ian Bremmer's Quick Take:

Hi everybody, Ian Bremmer here. And happy Tuesday to you. I've got a Quick Take starting a little bit later because heck, we had a day off yesterday. It was President's Day. I hope you all enjoyed it. And even in Texas, I know it's tough down there right now, and not much fun. Here in New York, it's actually starting to thaw, which I appreciate, Moose does too.

Want to talk a little bit about hypocrisy, about truth, about authenticity, and what it means in today's environment. There is so much of the news that is driven by people not being trustworthy, by fake news.

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Business implications of post-COVID government deficits

Kevin Sneader, global managing partner for McKinsey & Company, provides perspective on how corporate business leaders think in response to the global coronavirus crisis:

What are the implications for business of the deficits resulting from governments stepping in to save the economies around the world in the wake of the COVID-19 crisis?

Over the last three months, the ramp up of relief and stimulus spending has occurred just as tax revenues have stopped. Indeed, government deficits could reach around $10 trillion this year and as much as $30 trillion by 2023. There's a real risk of a debt crisis that could compound the already existing economic crisis.

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