What We’re Watching: Trump’s Tweets Could Make You Rich

Chinese Pigs – Beyond a trade war with the US and unrest in Hong Kong, now Chinese officials are wrestling with an even more basic political problem. Pork is the favorite meat for many of China's 1.4 billion people, and some analysts treat pork consumption as an important indicator of the financial well-being of China's middle class. A serious outbreak of African Swine Flu is expected to push pork prices 70 percent higher over the second half of this year, which will hit ordinary Chinese pockets hard. By some estimates, half of China pigs have been culled, but there are also reports that some farmers have avoided the expense of slaughtering infected pigs, raising fears that the disease will continue to spread. The central government takes this problem seriously enough to call on local officials to boost large-scale hog farming. So far, China's "Year of the Pig" is just not going well.


Japan and its Neighbors – Japan may soon mix bad blood with toxic water. The Fukushima nuclear power plant, partly destroyed by a tsunami in 2011, will run out of space to store its contaminated water in the next three years, and Japanese authorities are reportedly considering a plan to dump the water into the Pacific Ocean. Both the South and North Korean governments are incensed by the idea, which they say would poison their seafood industries. Seoul has already summoned a Japanese embassy official over the issue. Japan and South Korea have already cut back trade and intelligence ties over Seoul's insistence that Tokyo atone for Japanese actions during its early 20th century occupation of Korea.

Volfefe - Since taking office, President Trump has tweeted more than 10,000 times, and the investment bank JP Morgan believes these messages can help investors make money. Introducing Volfefe, a portmanteau that combines the word "volatility" with the infamous "covfefe," a nonsense word Trump (accidentally?) tweeted late one night in May 2017. "The subject of these tweets," the bank writes, "has increasingly turned toward market-moving topics, most prominently trade and monetary policy. And we find strong evidence that tweets have increasingly moved US rates markets immediately after publication." One man's post-midnight fat-finger typing is another man's goldmine. "Bully" pulpit indeed.

The Photographs of Robert Frank – During the 1950s, photographer Robert Frank began a 10,000-mile odyssey across the United States that produced a landmark book of images entitled "The Americans." In an era when many Americans prided themselves on conformity, Frank provided stark visual evidence that life across the nation was far more varied and interesting. Nobility, ugliness, grace, racism, dynamism, and division jumped off each page. Some Americans were outraged. Others were mesmerized. The powerfully expressive images this Swiss-born American master created will continue to speak for themselves.

What We're Ignoring

Venezuela's Military Threat – Venezuela's President Nicolas Maduro has dispatched 150,000 troops to his country's border with Colombia "to defend our sovereignty and national peace by deploying our defense resources in full force." We're ignoring any threat of military action here because, even as Venezuela continues to make trouble for the Colombian government via backing for Colombian rebel groups, he's not about to start a shooting war. Maduro's political (and maybe personal) survival depends almost entirely on the loyalty of his military's officer corps, and he's unlikely to test that loyalty by putting its troops in harm's way.

CORRECTION: the original version of this piece incorrectly stated that the "Volfefe" index was a product of Morgan Stanley, rather than JP Morgan. We regret the error, but hey, at least we didn't think it was Bear Stearns.

We're used to seeing electric, gas and wood-burning ovens, but can you imagine baking pizza in a solar-powered oven? That technology was invented in the latest episode of Funny Applications, where Eni's budding researchers imagine new uses for technology.

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It looks like China's leadership has finally had enough of Hong Kong's pro-democracy movement.

In a speech on Thursday to the national people's congress, a symbolic confab of the country's ruling elite, Premier Li Keqiang announced a new national security law that would outlaw secessionist activity and criminalize foreign influence in Hong Kong. The measure, an explicit response to recent pro-democracy protests there, would also permit mainland China's security agencies to operate openly in the city.

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Indonesia becomes an epicenter: Indonesia, the world's fourth most populous country, is now considered an epicenter of the pandemic, after it suffered its biggest daily surge in cases Thursday with over 900 new infections. The country of 260 million has the largest outbreak in Southeast Asia, recording about 20,000 cases and 1,300 deaths, though a recent study suggested that as few as 2 percent of the country's coronavirus infections may have been reported. When pressed on why Indonesia is experiencing a surge in cases while the curve appears to be flattening in neighboring countries, Indonesian health authorities blamed the public's flouting of social distancing guidelines. But critics say the government has sent wishy-washy messages on how to stop the disease's spread, as demonstrated by the fact that only four of Indonesia's 34 provinces have applied widespread social-distancing restrictions. Meanwhile, as the country's 225 million Muslims prepare to celebrate the end of Ramadan this weekend, popular markets have been overwhelmed by shoppers buying food and clothing, with little guidance or enforcement of large-scale social distancing measures. Indonesia's public health system is grossly underfunded, and experts warn that given the shortage of hospital beds, medical equipment and staff, the situation could deteriorate fast in the coming weeks.

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This is not the 2020 that Vladimir Putin had in mind.

As the year started, Russia's president was crafting plans for changes to the constitution that would permit him to stay in power for (at least) another 16 years. A rubber stamp public referendum was to be held in April. Then, in May, he was to welcome foreign leaders to Moscow for a grand celebration (parades, concerts, fireworks, and a reviewing stand atop Lenin's Mausoleum) marking the 75th anniversary of the Soviet Union's triumph over Nazi Germany in the Great Patriotic War.

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Have you ever read a major op-ed and thought to yourself, "no! no! no! That's just not right!" Us too. This week, Ian Bremmer is joined by analysts Kelsey Broderick and Jeffrey Wright to take the Red Pen to former World Bank president Robert B. Zoellick's Wall Street Journal op-ed.

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