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New Atlanticist

Mar 30, 2020

What COVID-19 means for the United States’ economic and financial statecraft

By Michael Greenwald

In response to the coronavirus pandemic, monetary authorities at the US Federal Reserve have undertaken unprecedented actions to support liquidity in global markets. These steps have included support for domestic debt markets, including a recent expansion in the corporate bond market, as well as swap lines targeting the global dollar shortage. Beyond these moves, the broader policy response during and after the COVID-19 outbreak may drive longer-term changes in the global trading system.

Coronavirus
International Markets

New Atlanticist

Mar 27, 2020

US coronavirus stimulus package offers some relief, but economic pain will remain

By David A. Wemer

US lawmakers are near final passage of an unprecedented stimulus package to help the US economy weather the storm of the coronavirus crisis, but that does not mean that all of the economic damage can be prevented. Jason Furman said he was “impressed by how much Washington has done, how quickly it has done it, how comprehensively it has done it,” but added that he is “worried that all of that won’t be enough for…an economy that is shutting down in such an unprecedented way.”

Coronavirus
International Financial Institutions

Diversity, Equity, and Inclusion

Mar 27, 2020

Women’s activism in Pakistan: Limits on freedom of choice, speech, and visibility in the public sphere

By Zainab Alam

The crux of this contentious debate does not just hang on freedom of choice. It demands a broader conversation about societal acceptance of women’s visibility in the public sphere and role in politics more broadly. Until Pakistani women are seen as full citizens of the state, and not just national subjects, such seemingly apolitical visual expression will continue to provoke much needed rights-based deliberation.

Pakistan
Women

New Atlanticist

Mar 27, 2020

Russia orders tech platforms to remove coronavirus “fake news”

By Justin Sherman

The Russian government has been actively engaged in spreading disinformation and misinformation around the pandemic. The Kremlin has also been active in ordering internet platforms operating in the country to remove coronavirus “fake news” from their platforms, which follows previous Kremlin efforts to crack down on independent internet sites offering legitimate news.

Coronavirus
Disinformation

New Atlanticist

Mar 27, 2020

US cuts Afghan aid: Will it bring peace closer?

By South Asia Center

Recent weeks have seen Afghanistan politically paralyzed with both Ghani and Abdullah setting up parallel governments in Kabul, after both claimed victory in the September 2019 presidential elections. Secretary Pompeo attempted to push the Afghan government(s) towards talks with the Taliban and failed.

Afghanistan
Conflict

New Atlanticist

Mar 27, 2020

Leading through the mud

By Daniel Fried

The sacrifices required to defeat the coronavirus do not require mass death. Loose talk of allowing coronavirus to kill people—young as well as old—to advance a politically-driven schedule for an early announcement of success is morally abhorrent.

Coronavirus
Politics & Diplomacy

Elections 2020

Mar 26, 2020

US strategy in Iraq and the coronavirus plot twist

By Kirsten Fontenrose

Tehran is betting that the world is too consumed with managing a pandemic to hold them accountable—and that the US administration is unwilling to stay the course in Iraq because it is too gun shy in an election year and too financially strapped by the coming burden of US unemployment. The implications of a global pandemic make that a risky bet.

Conflict
Coronavirus

New Atlanticist

Mar 26, 2020

Dual demand and supply shocks have created historic oil crisis, IEA executive director says

By David A. Wemer

Dramatically lower oil demand due to the coronavirus pandemic and an emerging supply glut caused by the failure of major oil producers to cut production has slammed the global oil market with a crisis “unique in history,” according to Dr. Fatih Birol.

Climate Change & Climate Action
Energy Markets & Governance

New Atlanticist

Mar 26, 2020

Coronavirus crisis sends shockwaves through US labor market

By Bart Oosterveld

The US Department of Labor’s unemployment release on March 26 gave fresh numbers to display the shocking and historic impact of the spread of the coronavirus and the resulting economic collapse in the United States. Initial weekly unemployment claims through March 21 came in at 3.28 million, a historic high surpassing all but the most pessimistic forecasts as well as the experiences in prior sharp downturns such as the oil crisis and global financial crisis.

Economy & Business
Macroeconomics

New Atlanticist

Mar 26, 2020

Ending the “Endless War” trope

By Paul D. Miller

The trope about ending endless wars is really a way of arguing that the US foreign policy establishment has failed, that the supposed doctrine of interventionism is ineffective and counterproductive, and that the United States should retrench, withdraw, and do less in the world. It is the latest talking point in a long-running debate between advocates of restraint and advocates of engagement. The debate is not whether we want wars to end or not, but about what strategy is best suited to end them on the best terms.

Afghanistan
Conflict