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AssessmentsMar 13, 2020 | 10:00 GMT
This photo shows a rows of seats on a passenger aircraft.
As Coronavirus Takes Flight, the Airline Industry Takes Cover
The coronavirus pandemic is ravaging the airline industry, with the most highly impacted countries of China, South Korea, Italy and Iran accounting for over a quarter of global passenger revenue alone. As panicked consumers continue to cancel or suspend their travel plans for fear of getting sick, and as more governments pursue containment measures and travel bans, an increasing number of airlines will be forced to either consolidate or go out of business. In China, this will likely lead to a market that's even more dominated by the state-backed carriers. Bigger airlines in Europe, meanwhile, will merge as revenue losses deal the final blow to their smaller competitors. But while so much is still unknown about how the outbreak will unfold in the weeks ahead, what remains certain is that the airline industry is headed for even more unexpected turbulence.
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SnapshotsFeb 13, 2019 | 21:38 GMT
EU: Brussels Incites Washington's Ire With Strict Anti-Terrorism Financing Standards
For years, the United States and its Treasury Department have taken a leading role in shaping anti-money laundering measures and countering the financing of terrorism (AML/CFT) in addition to supporting the Financial Action Task Force (FATF), an international organization that works to uphold such standards. In this, it has typically taken a dim view of any EU attempts to infringe on what it perceives as its purview. On Feb. 13, however, the European Commission proposed an addition to the EU blacklist for countries and jurisdictions that possess significant gaps in their domestic AML/CFT legal frameworks. The new list includes 23 countries, just 12 of which are high risk, according to the FATF. Of the 11 new additions, a few are sure to rankle the United States, including Saudi Arabia and four U.S. jurisdictions -- Guam, American Samoa, the U.S. Virgin Islands and Puerto Rico.
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On GeopoliticsNov 8, 2018 | 12:00 GMT
People take part in a candlelight vigil to remember journalist Jamal Khashoggi outside the Saudi consulate in Istanbul on Oct. 25, 2018.
When Human Rights Become a Handicap to U.S. Foreign Policy
In May 2017 speech in Saudi Arabia, U.S. President Donald Trump said the United States was looking for "partners, not perfection." And perhaps no one was listening more intently to that message than an excitable young Saudi prince, Mohammed bin Salman, who was merely days away from kicking his older cousin out of the line of succession while preparing to take the reins of the kingdom.
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SnapshotsOct 18, 2018 | 21:29 GMT
Saudi Arabia: The Khashoggi Disappearance Tarnishes Riyadh's 'Davos in the Desert'
Several high-profile political and business leaders have dropped out or withdrawn sponsorship of Saudi Arabia's "Davos in the Desert" Foreign Investment Initiative (FII) conference, citing the ongoing investigation into the disappearance and suspected death of journalist Jamal Khashoggi. The event is set for Oct. 23-25 in Riyadh, and an increasing number of accusers suggest that the conference's main sponsor, Crown Prince Mohammed bin Salman, was involved in the incident.
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Contributor PerspectivesNov 29, 2017 | 08:00 GMT
A protester brandishes the slogans "#ME TOO" and "#SQUEAL ON YOUR PIG" at a demonstration in Paris against sexual harassment and assault.
Harassment: A Problem of Geostrategic Proportions
On Monday morning, I got an email containing my certificate of completion for SHP-1001-WEB-FY17, California's mandatory harassment prevention training for supervisors and faculty. As a university professor, I'm legally required to complete this two-hour online course every other year. This sort of requirement is new; back in the days when I was a graduate student at Cambridge in the 1980s, some senior faculty members regularly referred to a particular women's college -- in jest, they would sometimes add -- as the "happy hunting ground." One grand old man of the academy, some of whose classes I took, left among his effects when he died an album containing dozens of photographs of young women, all sleeping in the bed in his college rooms. Something else that's new is that graying men in positions of power over younger women are being called to account when they abuse these positions. Over the past several
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AssessmentsNov 7, 2017 | 18:30 GMT
U.S. President Donald Trump toasts Japanese Prime Minister Shinzo Abe (L) at a welcome dinner at Akasaka Palace, Tokyo, Nov. 6.
Trump Angles for a Win in Asia
U.S. President Donald Trump embarks on a 12-day tour of the Asia-Pacific at a time of geopolitical flux. The trip comes on the heels of a major leadership transition in China and a snap election in Japan. Those changes have strengthened Xi Jinping and Shinzo Abe, the leaders of the region's two biggest economies, which are also geopolitical rivals. Meanwhile, Washington is entangled in controversy at home. But the United States faces a far more pressing challenge: a North Korea that is quickly approaching its objective of a credible nuclear deterrent -- a red line for the United States. The president can be expected to exhort both allies and rivals to step up their efforts to contain Pyongyang. However, Washington's problems at home, its demands for trade reassessments and the ongoing strategic realignments in the region will complicate its efforts to reaffirm its commitments and to advance its priorities.
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Contributor PerspectivesJun 7, 2017 | 22:11 GMT
Putting a Price on Surprise
The Value of Foresight
Tomorrow the United Kingdom will hold general elections, and the race is gearing up to be much closer than most analysts initially thought it would be. British voters may well deliver another stunning outcome, and as any business leader can tell you, surprises aren't always a good thing. In the world of international business, being caught off-guard can break a company if it is ill-equipped to respond to events that result in abrupt, radical changes to the competitive environment in which it operates. The problem is, it often isn't easy to predict major disruptions in global affairs. Even if signs of trouble start to emerge months or years in advance, they are usually subtle, unclear and easy to ignore.
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Contributor PerspectivesFeb 1, 2017 | 08:07 GMT
Next time you hear a cynic spouting rhetoric about truthiness in a post-truth environment, know that in the end we have ways to deal with all of the seeming facts before us: namely, careful science and a free press.
Alternative Facts in a Post-Truth World?
Yes, there are facts. We can know some things for sure and we better use our best science to discover as many objective truths as we can. But if that's the truth, then how in the world did we get to this point of radical skepticism and cynicism bordering on nihilism? And what can we do about it? The point of dipping into the dark depths of philosophy is no less than to salvage some grasp on reality.
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Contributor PerspectivesMay 25, 2016 | 08:00 GMT
The Second Reformation will mark the shift from a predominantly political era to one governed by economics.
The Second Reformation: Transitioning to the Economic Era
The First Reformation turned on the separation of church from state, but the Second Reformation turns on the separation of state from corporation, or state from marketplace. Either will do to communicate the transition from a predominantly political era to a predominantly economic era, just as the First Reformation marked the transition from the religious era to the political era. As these tectonic shifts take place invisibly beneath our feet, no earthquakes cleave the ground asunder. No discontinuity tears the fabric of history. Instead, older institutions live on beyond their shelf life. They do not die, but as Gen. Douglas MacArthur once put it, "they just fade away" into the background. Churches still stand, and even as we undergo a Second Reformation that thrusts corporations and marketplace mechanisms into the forefront of historical progress, and politics and governments into the background, those institutions of government will no more disappear after the
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On GeopoliticsMay 17, 2016 | 08:10 GMT
An illustration shows the many objects being tracked in low Earth orbit. Space is becoming more congested, contested and competitive, and there is a growing possibility that battles could start to be waged in space.
Avoiding a War in Space
Space is becoming more congested, contested and competitive. Since the Soviet Union put Sputnik I in space in 1957, no nation has deliberately destroyed another's satellite in orbit. But there is a growing possibility that battles could start to be waged in space. While the militarization of space started long ago, a number of technological developments and tests over the past decade show that the race toward its weaponization is accelerating. For the United States, being the leader in military space technologies provides immense advantages, but its outsize reliance on those technologies entails risks. The current unequal dependence on space, the United States fears, could give adversaries incentive to attack its infrastructure in orbit. Washington is therefore pushing to bolster its capabilities and is preparing for a potential conflict that could escalate into space.
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AssessmentsApr 8, 2016 | 22:56 GMT
No Shelter From the Panama Papers
Those Who Are (and Are Not) Sheltered From the Panama Papers
On April 3, the Panama Papers hit media outlets around the world, and the fallout was swift. A prime minister has lost his job, and other global leaders are under mounting pressure to account for their actions. And this is only the beginning. The Panama Papers are the largest information dump of their kind, and the information that has been released so far appears to be just the tip of the iceberg. They are also the latest in a string of public leaks that seem to be happening more and more frequently. As revelations continue to emerge, calls for greater global transparency will only get louder.
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ReflectionsApr 5, 2016 | 01:14 GMT
View of a sign outside the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. A massive leak -coming from Mossack Fonseca- of 11.5 million tax documents on Sunday exposed the secret offshore dealings of aides to Russian president Vladimir Putin, world leaders and celebrities including Barcelona forward Lionel Messi. An investigation into the documents by more than 100 media groups, described as one of the largest such probes in history, revealed the hidd
Panama Papers: A Rude Awakening for the World's Wealthy
This morning, many of the world's elite suffered a rude awakening. The Panama Papers, the product of a year's work by an international network of reporters, had been made publicly available. The information dump, the largest of its kind, reveals the private financial dealings of hundreds of wealthy individuals, with records dating back 40 years in some cases. The development hit the superrich in particular, which partly explains the sensitive nature of the report: Its anonymous source was a leak from within a large law firm in Panama -- a notable haven for offshore wealth -- and its contents reveal the details of offshore companies and holdings. These details are normally hidden from public view and often for good cause, whether to mask tax avoidance or something darker. The average citizen usually lacks the motive and the resources to make use of such facilities.
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