Category Archives: Politics

Headlines: China-Taiwan Tensions, Trump & Orbán Speak At CPAC Conference

We discuss the brewing crisis in Taiwan that has dominated the Asean meeting. Plus: Donald Trump and Viktor Orbán take centre stage at the Conservative Political Action Conference, a review of the papers and the latest business news.

Documentary: Lebanon’s Historic Economic Crisis

Lebanon is now going through the worst economic crisis in its history. 80 per cent of the population lives below the poverty line. In one year, food prices have jumped 500 per cent due to galloping inflation. Lebanon was long regarded as the Switzerland of the Middle East.

But those days are gone. A series of crises have plunged the nation into the abyss. And its people are suffering. For Riad, who runs a grocery store in the suburbs of Beirut, business has become hellish. Every morning, calculator in hand, he changes the labels of his products according to the day’s exchange rate. An operation made all the more complex by the fact that his store is plunged into darkness, due to a lack of electricity.

The Lebanese government no longer provides more than two hours of electricity per day in the country. It is impossible for the population to heat, light or use their refrigerators. Taking advantage of the situation, a network of private generators has emerged. The Lebanese pound, the local currency, has lost 90 per cent of its value.

The only people unaffected are those paid in dollars. The greenback, which can be exchanged for a small fortune against the local currency, has created a new privileged social class in the country. A salesman in an international pharmaceutical company, Joseph lives like a king in a ruined Lebanon. Thanks to his new purchasing power, he repaid his mortgage in two months, instead of… twenty years!

In a bankrupt state, plagued by corruption, six out of ten Lebanese now dream of leaving the country. In Tripoli, in northern Lebanon, Mohammed and his son set out for Germany by sea. Even though the trip was cut short off the Turkish coast, the young father is still ready to take all possible risks to reach the European Eldorado.

Headlines: China Live-Fire Military Drills, Politics In Italy, Sri Lanka Economy

China conducts live-fire military drills. Plus: Sri Lanka’s new economic plan, an alliance between Italy’s centre-left and centrists, and Japan’s ‘roll-the-dice train’.

Headlines: Nancy Pelosi Visits Taiwan, New Chinese Military Drills, India 5G

A.M. Edition for Aug. 3. U.S. House Speaker Nancy Pelosi concluded a visit to Taiwan today, pledging to preserve democracy on the island in the face of growing threats from mainland China.

WSJ senior China correspondent Brian Spegele says that Beijing’s response to the visit –which includes new military exercises around Taiwan and a ban on certain Taiwanese products – is still just getting underway. Luke Vargas hosts.

Morning News: Al Qaeda Chief Al-Zawahiri Killed, Kansas Abortion Vote

For decades Ayman al-Zawahiri was the chief ideologue of the terrorist group. We ask what his death in Afghanistan means for the broader jihadist movement.

A vote on abortion in Kansas today is a sharp test of the electorate following the gutting of Roe v Wade. And remembering Diane Kennedy, an indefatigable food writer and champion of Mexican cuisine.

Opinion: Ukrainians Who Fled To Russia, Notions Of The Sun, Economic Magic

A selection of three essential articles read aloud from the latest issue of The Economist. This week, what happened to the Ukrainians who fled to Russia, how the sun is both our creator and destroyer (27:56), and how magicians won the attention economy (34:32).

Preview: The New Yorker Magazine – August 8, 2022

A bike is parked at the entrance to a beach. A man and woman walk towards the water.

R. Kikuo Johnson’s “Double-Parked”

The artist on learning to love New York City beaches and balancing passion projects with his career as an illustrator.

By Françoise Mouly, Art by R. Kikuo Johnson

Morning News: Russian War Attrocities, Finland Visas & Senegal Election

Finland debates whether to put a stop to Russian tourist visas. Plus: Senegal goes to the polls amid a crackdown on the opposition, a flick through the day’s papers, and a round-up of climate news.