What We're Watching: Deadly Explosion in Mexico

Deadly unintended consequences in Mexico – Earlier this month, we wrote that Mexico's new president was off to a rough start following some early policy missteps. In particular, we noted the temporary pipeline shutdown Lopez Obrador had ordered to combat gasoline theft that had triggered a severe gasoline shortage in several of Mexico's states. The unintended consequences of that mistake turned deadly last week when a pipeline exploded as hundreds of people in one town in Central Mexico tried to collect gasoline gushing from a pipeline leak. The death toll has risen to 94. We're watching closely to see how AMLO deals with the political fallout.


Huawei Yesterday, the US Department of Justice confirmed that it planned to pursue extradition of the Chinese tech giant's CFO Meng Wanzhou from Canada, where she was arrested last month at the request of US authorities. China warned that moving forward with Meng's extradition would be a "serious mistake." President Trump might prefer to cut her loose to avoid a major escalation in relations as trade negotiations continue with Beijing, but he also faces political pressure from hawks in Congress who want the administration to get tough on Huawei. It's not just the trade talks that hang in the balance – China has detained two Canadian citizens in apparent retaliation for Meng's arrest and recently sentenced a third to death in a drug smuggling case. We'll be watching how this saga unfolds ahead of a January 30 paperwork deadline.

What We're Ignoring:

New Vows, Same Old Marriage The leaders of France and Germany met in the border town of Aachen yesterday to sign a new friendship agreement on the anniversary of a similar one penned by their predecessors 56 years ago. The Treaty of Aachen aims to demonstrate unity and bolster cooperation between Europe's two powerhouses at a moment when the common bloc is struggling to deal with widespread nationalism and anti-EU sentiment. We're ignoring the story though because both Macron and Merkel remain sufficiently tied up with domestic concerns and out of step on key issues like economic and security cooperation to make this new treaty anything other than symbolic.

The growing list of Democratic presidential contenders It's not that we don't care that Massachusetts Senator Elizabeth Warren, California Senator Kamala Harris, Hawaii Representative Tulsi Gabbard, and a clutch of other hopefuls have either declared themselves official candidates or launched exploratory committees for the Democratic Party's nomination in the 2020 race. But the list of contenders is bound to get longer, and we need to conserve our energy.

Kevin Sneader, global managing partner of McKinsey & Company, answers the question: Are CEOs getting real about climate change?

The answer, yes. Why? One, it's personal. Many have watched with horror the wildfires that took place recently. Others have even been evacuated. And for some, the snow set in Davos, they experienced incredibly mild temperatures that laid all to quip that climate change really has arrived. But the other reasons are a growing understanding of the nature of climate change.

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Welcome to the eleventh parliamentary elections in Iran's 40-year history.

Want to run for a seat? You can…if you're an Iranian citizen between the ages of 30 and 75, hold a master's degree or its equivalent, have finished your military service (if you're a man), and have demonstrated a commitment to Islam. Check all these boxes, and you can ask permission to run for office.

Permission comes from the 12-member Guardian Council, a body composed of six clerics appointed by Supreme Leader Ayatollah Ali Khamenei and six jurists that Khamenei appoints indirectly. If the Council says yes, you can win a seat in parliament. If they say no, you can't.

This parliament, also called the Majlis, does have real power. It approves the national budget, drafts legislation and sends it to the Guardian Council for approval, ratifies treaties, approves ministers and can question the president. The current Majlis represents a wide range of values and opinions.

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As the head of a leading management consulting firm, global managing partner of McKinsey & Company Kevin Sneader has an inside view into the challenges facing the world's top executives. Every Thursday, Sneader will address questions about key issues like attracting and retaining talent, growing revenue, navigating change, staying ahead of the competition, and corporate responsibility – all in 60 seconds.

GZERO's Alex Kliment interviews New Yorker correspondent and author Joshua Yaffa. The two discuss Yaffa's new book, Between Two Fires, about what life is like for Russians today. They also sample some vodka at a famous Russian restaurant in NYC, of course!