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Trump's Poor Response to National Protests, WHO Withdrawal Mid-COVID

Ben White, Chief Economic Correspondent for Politico, provides his perspective on the big news in US politics:

How is the White House responding to the mass protests and riots happening nationwide?

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Quick Take: Trump Pulls Out of the WHO, Moves Toward Cold War with China

Trump promised a statement about China. Today's announcement was not about China. Most significant was about the World Health Organization, which is a distraction for Trump because it's weaker. They're reliant on the US, have no ability to hit back. But announcing they're pulling all funding and pulling out of the World Health Organization, the international governmental organization tasked with responding to pandemics, in the middle of a pandemic, is one of the stupidest foreign policy decisions that President Trump could make.

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Is Trump right to ditch the WHO?

The world's worst health crisis in a hundred years might not seem like the best time for the World Health Organization's biggest financial supporter to threaten to pull the plug on its operations, but that's where we are. On Friday afternoon, President Trump announced that the US is withdrawing entirely from the Organization.

The move comes ten days after the White House sent a withering four-page letter to the organization's Director General which accused the organization of ignoring early warnings about the virus' spread and bowing to Chinese efforts to downplay its severity. The letter closed with a threat to withdraw within 30 days unless the WHO shaped up to better serve "American interests." In the end, the Administration had patience only for 10 days after all.

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Brazil, Biden, & the Pandemic Politics

Announced that the epicenter of coronavirus is now South America. Interesting that they said South America, not Latin America. So, Mexico, where the cases are increasing and not close to peak yet, and also badly mishandling this, not a part of South America. I'm kind of wondering if there were some behind the scenes politics from the WHO.

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Watch: This ain’t your grandparents’ Depression

What an exciting time to be alive, the middle of a pandemic, the beginning of a depression, the first in a century.

Yes, I said a depression, not a recession. That is indeed what we're looking at. But people don't yet want to call it that. We know what recessions are. A technical recession, two consecutive quarters of contraction. We say the world is in a recession and if global growth is under 2%. We don't have a formal definition of depression. But what we know is that it is materially greater in both depth and duration than a recession. And it's also truly global.

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