What We’re Watching: Castro steps down, US sanctions Russia, a crescent-shaped critter in Krakow

What We’re Watching: Castro steps down, US sanctions Russia, a crescent-shaped critter in Krakow

A Castro-less Cuba: Raúl Castro, younger brother of the late Fidel, is expected to retire on Friday as secretary-general of Cuba's ruling communist party. When he does, it'll mark the first time since the 1959 revolution that none of Cuba's leaders is named Castro. The development is largely symbolic since Castro, 89, handed over day-to-day affairs to President Miguel Díaz-Canel in 2018. It's worth noting that US sanctions laws do specify that one of the conditions for normalizing ties with Cuba is that any transitional government there cannot include either of the Castro brothers. So that's one less box to tick in case there is a future rapprochement across the Straits of Florida. But more immediately, we're watching to see whether a new generation of leaders headed by Díaz-Canel will bring any serious reforms to Cuba. COVID has killed the tourism industry, plunging the island into an economic crisis that's brought back food shortages and dollar stores reminiscent of the early 1990s.


US hits Russia with sanctions: The Biden administration on Thursday announced a new wave of US economic sanctions against Russia, in retaliation for Russia's alleged backing of the SolarWinds cyberattack against American government agencies and large corporations, and the Kremlin's meddling in the 2020 election. Along with blacklisting a few dozen Russian companies and officials, the new measures prevent US banks from buying new ruble-denominated bonds, a measure meant to inflict pain on the Russian economy. For now, bond markets seem not be too worried, but one big question is whether the US is able to get its Asian and European allies to impose similar restrictions, which would hurt Moscow more. The Kremlin, which denies any involvement in cyberattacks or election shenanigans, has pledged to retaliate. There will certainly be lots to discuss if Vladimir Putin accepts Joe Biden's recent proposal to hold the first US-Russia summit since Helsinki in 2018.

The Great Croissant of Krakow: The Krakow Animal Welfare Society recently received an alarming phone call. Sharp-eyed locals in Poland's second largest city had spotted an unusual animal of some kind, sitting in a lilac tree near an apartment block. They were worried about what the strange creature might do next. Residents speculated that it might be some monstrous bird of prey, or perhaps an iguana on the loose from some far-off tropical country. They feared leaving their windows open. When animal rescue workers finally appeared on the scene, they quickly discovered that the dangerous beast was, in fact, a large croissant. Word on the street is that it had fallen into the tree from the windowsill of some thoughtful person who wanted to feed any birds of prey — or iguanas — that might happen by. Officials managed to surround and subdue the two-day old croissant, and we assume they then released it back into the wild. But don't let the happy ending lull you into complacency, Signal readers. If you see something, say something.

Meet Zoe Marshall, grandmother, fishmonger, and thriving business owner.

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When Zoe Marshall decided to switch careers in her forties and become a fishmonger, she was scared. After leaving her job of 23 years, Zoe was forced to pivot in order to keep her family's home. Despite challenges, she forged ahead, opening Sea-Licious. Accepting Visa payments in her fishmonger shop, this access to commerce helps Zoe provide convenience to her customers and confidence in their transactions. Though she's one of the only women in the fish market each morning, her business and its place in the local community are flourishing with Visa's help.

Learn more about Zoe and her story.

We're just days away from COP26, the landmark global climate conference that's been dubbed the last chance to get the climate crisis in check. In the lead-up to the event in Glasgow, dozens of countries have released new ambitions to reduce their future carbon footprints. For years, climate activists and experts have called on governments to introduce carbon pricing schemes – either through taxes or emissions-trading schemes. So who's heeded the warning? We take a look at the top ten carbon emitters' share of global emissions and details about their respective national carbon pricing schemes.

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Do cryptocurrencies make it harder to enforce foreign policy sanctions?

Well, that is exactly what the Biden administration worries about. As part of growing concerns of whether unregulated currencies undermine a whole host of policies, sanctions and foreign or trade policy should be a priority area. And just like others who wish to evade tracing of their wealth or transactions, the very states or their sanctioned entities should be assumed to resort to all options to evade restrictions while continuing to do business. So having cryptocurrencies undermining the ability to enforce strategic goals logically raises eyebrows in Washington.

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Back in August, when the Taliban took over, we asked whether anyone in the international community would recognize them. Now it looks like things are heading that way.

This week, the Kremlin hosted a summit with the Taliban that was attended by China, India and Pakistan, as well as all five Central Asian Republics.

The domestically-focused US, however, wasn't there. The US continues to maintain that the Taliban can't be trusted. But does it matter? In 2021 does a Taliban-led government even need American recognition to function and thrive?

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For Kevin Rudd, former Australian PM and now CEO of the Asia Society, the science on climate change is pretty much done, so the only unresolved issues are tech and — more importantly — lack of political leadership. He can't think of a single national political leader who can fill the role, and says the only way to get political action on climate is to mobilize public opinion.

Rudd joined for the first of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory. Watch here and register here to watch part two Friday 10/22 at 8 am ET.

Taking place on October 21 and 22, the Sustainability Leaders Summit will go beyond preexisting narratives and debate priorities for governments and industries ahead of COP26. Placing the spotlight on Asia's role in the global sustainability agenda, the event will address whether Asian countries and companies can achieve shared sustainability goals, and what is needed to help get them there. The summit will be co-hosted by Tak Niinami, CEO of Suntory Holdings, and Ian Bremmer, founder and president of Eurasia Group and GZERO Media. We will address three key questions: How can Asian countries, with the help of the private sector, achieve shared Sustainability Goals? Why does this matter? And what are the policy changes needed to bring it about?

Attendance is free and open to the public. Register to attend.

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The minutiae of supply chains makes for boring dinner table talk, but it's increasingly becoming a hot topic of conversation now that packages are taking much longer to arrive in the consumer-oriented US, while prices of goods soar.

With the issue unlikely to be resolved anytime soon, right-wing media have dubbed President Biden the Grinch Who Stole Christmas, conjuring images of sad Christmas trees surrounded by distraught children whose holiday gifts are stuck somewhere in the Pacific Ocean.

It hasn't been a good run for Uncle Joe in recent months. What issues are tripping him up?

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Ian Bremmer shares his insights on global politics this week with a look at the NBA's latest rift with China, Brazil's Senate investigation, and COVID booster shots.

China wipes Boston Celtics from NBA broadcast after the "Free Tibet" speech from Enes Kanter. Is NBA boxing itself into a corner?

Nice mixed sports metaphor there. NBA has some challenges because they are of course the most progressive on political and social issues in the United States among sports leagues, but not when it comes to China, their most important international market. And you've seen that with LeBron James telling everyone about we need to learn better from the Communist Party on issues like Hong Kong and how Daryl Morey got hammered for taking his stance in favor of Hong Kong democracy. Well, Enes Kanter's doing the same thing and he's a second-string center. Didn't even play yesterday and still the Chinese said that they were not going to air any Boston Celtics games. Why? Because he criticized the Chinese government and had some "Free Tibet" sneakers. This is a real problem for a lot of corporations out there, but particularly publicly, the NBA. Watch for a bunch of American politicians to make it harder for the NBA going forward, saying how dare you kowtow to the Chinese when you're all about "Black Lives Matter" inside the United States. No fun.

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