Lessons from China’s Covid lockdowns

A man wearing personal protective equipment walks near a locked area due to the recent Covid-19 coronavirus outbreaks in Beijing on May 10. Photo: Christmas celis/Agence France-Presse/Getty Images Beijing’s Covid lockdowns are an economic danger for China and everyone, and the Communist Party seems to know it. Witness recent and belated attempts to spur economic … Read more

Mexico criminalizes investment – WSJ

President Biden met virtually with Mexican President Andrés Manuel López Obrador on Friday to discuss bilateral and regional issues, according to the White House. Diplomatic gibberish aside, the priority of the call was clear: Both presidents are politically harmed by the mess on the US southern border and want it gone. Let’s be honest, though. … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Are you still doing business in Russia? Good luck renewing your insurance.

The port of Vladivostok, Russia, March 5. Photo: Yuri Smityuk/TASS/Zuma Press More … than 750 western companies have left Russia since it invaded Ukraine. Some had no choice because their areas fall under Western sanctions. Others left voluntarily and were hailed for standing up for democracy. Their departure may have another, less noble reason: Russia … Read more

Xi Jinping bets everything on Zero Covid

The Chinese Leninist political system is very good at mass mobilization but very bad at stopping mass mobilization once it has started. Mao Zedong proved this most destructively with the Great Leap Forward in 1958. Today, Xi Jinping’s bold embrace of the zero-Covid policy, in the face of an increasingly transmissible Omicron variant, evokes Mao’s … Read more

Xi Jinping bets everything on Zero Covid

The Chinese Leninist political system is very good at mass mobilization but very bad at stopping mass mobilization once it has started. Mao Zedong proved this most destructively with the Great Leap Forward in 1958. Today, Xi Jinping’s bold embrace of the zero-Covid policy, in the face of an increasingly transmissible Omicron variant, evokes Mao’s … Read more

Can Prosecutors Refuse to Enforce the Law?

Photo: Getty Images/iStockphoto Manhattan District Attorney Alvin L. Bragg Jr. has a policy that unless the defendant committed other crimes too, his office “will not prosecute” marijuana misdemeanors, subway turnstile jumping, some trespassing, driving without a license and resisting arrest for any offense subject to the non-prosecution policy. Other self-styled progressive prosecutors across the country … Read more

The Fed wants to raise rates quickly, but may not know where to stop

Federal Reserve Chairman Jerome Powell is accelerating monetary tightening. Its objective seems simple: bring interest rates to a “neutral” level, a parameter that does not stimulate or slow down growth. But there is a catch: even in normal times, no one knows where this theoretical level is. And these are not normal times. There are … Read more