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

Amazon, Citigroup, Yelp, to help pay for travel expenses for abortion workers

After several states, including Texas and Oklahoma, passed restrictive abortion laws, some companies, including Amazon, Citigroup and Yelp, told their employees they would cover their travel costs to access the internet. ‘abortion. In fact, “can you travel to another state for an abortion?” was a breakout Google search the day after the Roe v. Wade, … 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

US GDP falls 1.4% as economy contracts for first time since pandemic began

US gross domestic product decreased at an annual rate of 1.4% in the first quarter as supply disruptions weighed on the economy, although solid consumer and business spending suggests growth will resume. The decline in U.S. gross domestic product marked a sharp reversal from a 6.9% annual growth rate in the fourth quarter, the Commerce … Read more