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katherineharron

Why we shouldn't stop talking about the Sanders-Warren fight - CNNPolitics - 0 views

www.cnn.com/...index.html

shared by katherineharron on 17 Jan 20 - No Cached
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  • Massachusetts Sen. Elizabeth Warren is done talking about her back-and-forth -- in which each candidate said the other called them a liar -- with Vermont Sen. Bernie Sanders after the seventh presidential debate Tuesday night in Iowa.
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  • Here's why. Sanders and Warren are two of the three or four Democrats with the best chance of winding up as the party's presidential nominee this November. There is an active disagreement between the two over whether, at a meeting in December 2018, Sanders told Warren that he did not believe a woman could be elected president. Warren says he did. Sanders says he didn't.
  • That's where I come down, too. If this was former Vice President Joe Biden and former South Bend, Indiana, Mayor Pete Buttigieg calling each other liars over a disputed meeting, it's hard for me to believe supporters of Sanders and Warren would be similarly disinterested in pursuing who is right and who is lying. Or if you want to be charitable about it: Why there is such a clear misunderstanding of what happened in that meeting in December 2018?
  • The point here is that both of these people can't be telling the truth. And we still haven't gotten to the bottom of who is lying (or misunderstanding) and why. So whether or not the candidates want to move on, we shouldn't. Because if you want to be the Democratic nominee against the most truth-challenged President in American history, then your commitment to honestly -- no matter how uncomfortable -- is of the utmost importance.
brickol

In World's Most Vulnerable Countries, Coronavirus Pandemic Rivals the 2008 Crisis - The... - 0 views

www.nytimes.com/...irus-per-country-pandemic.html

politics us COVID-19 crisis economics

shared by brickol on 24 Mar 20 - No Cached
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  • From South Asia to Africa to Latin America, the pandemic is confronting developing countries with a public health emergency combined with an economic crisis, each exacerbating the other. The same forces are playing out in wealthy nations, too. But in poor countries — where billions of people live in proximity to calamity even in the best of times — the dangers are amplified.It is unfolding just as many governments are burdened by debt that limits their ability to help those in need. Since 2007, total public and private debt in emerging markets has multiplied from about 70 percent of annual economic output to 165 percent, according to Oxford Economics.
  • The pandemic has triggered a sharp reversal of international investment away from emerging markets and toward the safety of U.S. government bonds.
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  • Most economists assume that a worldwide recession is already underway — a synchronized downturn that is punishing countries indiscriminately, turning traditional economic strengths into alarming vulnerabilities.
  • The disruption of industry worldwide has drastically cut demand for commodities, walloping copper producers like Chile, Peru, the Democratic Republic of Congo and Zambia, along with zinc producers like Brazil and India. Oil exporters are especially susceptible to the downturn as prices remain cheap, pressuring Colombia, Algeria, Mozambique, Iraq, Nigeria and Mexico.
  • As the coronavirus pandemic brings the global economy to an astonishing halt, the world’s most vulnerable countries are suffering intensifying harm. Businesses faced with the disappearance of sales are laying off workers. Households short of income are skimping on food. International investment is fleeing so-called emerging markets at a pace not seen since the global financial crisis of 2008, diminishing the value of currencies and forcing people to pay more for imported goods like food and fuel.
  • In wealthy nations, quarantines have been mandated, while governments and central banks have unleashed trillions of dollars in spending and credit to limit the economic damage. But in poor countries, where families cram into teeming slums, quarantining may be impossible. People who support themselves by collecting scrap metal harvested from garbage dumps risk hunger if they stay home.
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