What We’re Watching: EU agrees recovery fund, Emirati lift off to Mars, Far East tests Putin

What We’re Watching: EU agrees recovery fund, Emirati lift off to Mars, Far East tests Putin

Compromise on EU pandemic relief deal: In the wee hours of Tuesday, EU leaders reached consensus on a 750 billion euro fund to help EU member states recover from the crippling coronavirus-related economic crisis. Almost five days into what was supposed to be a three-day summit in Brussels, a group of "frugal" countries, led by the Netherlands, agreed to a combination of 360 billion euros in loans and 390 billion euros in non-repayable grants that will largely benefit Italy and Spain. These two countries were the hardest hit by the pandemic, but are reluctant to embrace labor market and pension reforms in exchange for EU rescue money. Disbursement of the funds will finally not be tied to upholding EU norms on democracy and the rule of law, as Hungary and Poland had pushed for. Although the "frugal" countries won generous rebates on their contributions to the EU budget, they failed to secure clear strings attached for big-spending recipients to get the money. Any deal is subject to parliamentary approval in all EU member states, so it will still be a long time until anyone sees any of the EU relief cash.


UAE goes to Red Planet: The United Arab Emirates successfully launched a Mars probe on Sunday, becoming the first Arab country to carry out a space mission. It's a major feat for the UAE, a rich but tiny Gulf nation which only started its space program six years ago, and has been able to pull off a launch to the Red Planet (almost entirely on its own) in about half the time it normally takes countries to do so. If the Emirati probe arrives safely, it will be joined on Mars by similar missions to be launched by the United States and China. With this move, the UAE — now a member of the elite club of countries with ambitious space programs — plans to achieve twin political goals: stoke nationalist sentiment by landing the Mars probe to coincide with the 50th anniversary of its independence in December 2021, and demonstrate its regional leadership on science and technology in the Arab world, where many Gulf states are exploring how to leverage such innovation to diversify their economies away from oil and gas.

Putin tries to tame the East: After more than 10,000 people again hit the streets in the Russian Far East region of Khabarovsk to protest the ousting of their popular governor, President Putin named a replacement in hopes of calming the protests. Will it work? Supporters of Sergei Furgal say that his recent arrest on murder charges was political payback from the Kremlin, whose own gubernatorial candidate Furgal beat handily in the last elections. Furgal is a member of the spectacularly misnamed Liberal Democratic Party of Russia, a far-right nationalist outfit that usually plays the role of lapdog opposition to the Kremlin. Lately, however, party leader Vladimir Zhirinovsky has been mouthing off more about the Kremlin. Critics say Furgal's replacement is just a more pliant member of the same party. With Putin's approval ratings touching all-time lows and Russia's economy battered by the pandemic, the Kremlin is keen to quash this bit of regional insubordination, lest it spread to other parts of Russia's vast hinterland that are frustrated with Moscow's political and economic dominance.

Early employment can set a young person on a trajectory for success, providing both a paycheck and a stepping-stone for improving academic performance.

Bank of America is committed to investing in youth employment, funding $160 million since 2018 to connect youth and young adults to jobs and mentoring.

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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Three years ago, Facebook changed its algorithms to mitigate online rage and misinformation. But it only made Facebook worse by boosting toxic engagement, says Nick Thompson, The Atlantic CEO & former WIRED editor-in-chief. Thompson believes Facebook simply got in over its head, rather than becoming intentionally "evil" like, say, Big Tobacco with cigarettes. "I think they just created something they couldn't control. And I think they didn't grasp what was happening until too late." Watch his interview with Ian Bremmer on the latest episode of GZERO World.

From overall health and wellness to representation in the global workforce, women and girls have faced serious setbacks over the past 18+ months. They also hold the key to more robust and inclusive growth in the months and years ahead: McKinsey & Company estimates that centering recovery efforts on women could contribute $13 trillion to global GDP by 2030.

On October 28th at 12pm ET, as part of our "Measuring What Matters" series, GZERO Media and the Bill & Melinda Gates Foundation will look beyond traditional indicators of economic recovery to examine COVID-19's impact on girls and women, specifically in the areas of health and employment.

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This year, American kids who've asked Santa for L.O.L. Surprise! dolls, Nerf blasters, or classic Legos may be disappointed. The delivery of these and other in-demand toys could be delayed due to pandemic-related supply chain disruptions that are still hitting US businesses and consumers hard. Container vessels loaded with precious cargo are waiting days to enter busy US ports, while within the country truck drivers are working flat out to meet soaring demand for goods of all kinds. Products are getting wildly expensive or arriving late. Here's a snapshot of the problem, showing longer delivery times, skyrocketing freight and shipping costs, and trucker employment.

Bolsonaro accused of crimes against humanity: A long-running Senate investigation in Brazil has found that by downplaying the severity of COVID, dithering on vaccines, and promoting quack cures, President Jair Bolsonaro directly caused the deaths of hundreds of thousands of people. An earlier version of the report went so far as to recommend charges of homicide and genocide as well, but that was pulled back in the final copy to a mere charge of "crimes against humanity", according to the New York Times. The 1,200-page report alleges Bolsonaro's policies led directly to the deaths of at least half of the 600,000 Brazilians who have succumbed to the virus. It's a bombshell charge, but it's unlikely to land Bolsonaro in the dock — for that to happen he'd have to be formally accused by the justice minister, an ally whom he appointed, and the lower house of parliament, which his supporters control. Still, as the deeply unpopular Bolsonaro limps towards next year's presidential election, a rap of this kind isn't going to help.

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11,412: Irmgard Furchner, a 92-year-old former typist at a Nazi concentration camp in Germany, is facing trial for contributing to the murder of 11,412 people there. Furchner tried to escape German authorities in late September by sneaking out of her nursing home, but was arrested hours later and slapped with an electronic wrist tag.

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If you had to guess which current world leader has made the most trips to Africa, who would you say? China's Xi Jinping? Nope, hardly — he's been there just four times. France's Emmanuel Macron? Pas de tout.

The answer may surprise you: it's Turkish President Recep Tayyip Erdogan, who's been to the continent more times than the leader(s) of any other non-African state. Just this week he notched his 28th visit, with stops in Angola, Nigeria, and Togo. Sure, being in power for two decades creates a lot of opportunities for exotic travel, but even Russia's Vladimir Putin isn't close: he's been to Africa just five times, all to visit South Africa or Egypt.

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