Like Vladimir Putin, China's leader is so steeped in a narrative of victimhood and fearful of appearing weak that it is hard to imagine him ever leading China out of the mess he has created. He could well be remembered as the leader who squandered history's most remarkable economic success story.
about the country's increasingly worrisome trajectory, both at home and abroad.
Artificial IdiocyFrank Rumpenhorst/picture alliance via Getty Images
Following the latest banking crisis, monetary authorities should seriously consider how modern digital technologies could be used to avert such problems in the future. A central bank digital currency would both eliminate many barriers to financial transactions and end the risk of bank runs once and for all.
explains how central bank digital currencies would end bank runs and banks' excessive risk-taking.
纽约—古巴导弹危机60年后,世界再次面临核对抗的幽灵。俄罗斯总统普京眼看要在乌克兰的战争中失败,继续升级他的威胁,声称他可能不得不使用核武器来保护俄罗斯,包括其新“吞并”的乌克兰领土。普京将世界推向边缘,现在的问题是他是否会像苏联领导人赫鲁晓夫在 1962 年所做的那样后退一步。
那年夏天,美国决定在包括土耳其在内的北约国家部署核武器并瞄准苏联城市,作为回应,赫鲁晓夫下令在古巴秘密部署中程核导弹,以牙还牙。 .这些武器还将保护古巴政权免受美国入侵。
美国总统肯尼迪在 10 月 16 日发现了赫鲁晓夫的动作,非常愤怒。苏联不仅在美国海岸附近安装了核武器;还把美国瞒在鼓里长达几个月。
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