The Economist (April 25 Issue)
“Xi Jinping wants a powerful currency. America’s war has helped.” Usage of the yuan is expanding, but the currency remains far from the status of a global reserve currency. “Last month China’s currency accounted for over 8% of global trade finance, according to SWIFT, second (but a distant second) to the dollar, on over 80%.” Nevertheless, the yuan is becoming “a source of comfort for countries and firms disconcerted by America’s haphazard stewardship of the truly powerful dollar.”
Tags: 80, China, Comfort, Countries, Disconcerted, Finance, Firms, Global reserve, Global trade, Haphazard, Powerful currency, Stewardship, Swift, U.S., Xi, Yuan
Washington Post (July 24)
“The cauldron is lit in Tokyo’s covid Olympics. Let’s hope it’s not a fuse.” Frankly, the IOC only has in place a “haphazard collection of rules.” The IOC president “is lying to 11,000 international athletes with differing immune status and levels of exposure who are gathered unsafely amid a pandemic.” There is no bubble. “The only bubble at the Tokyo Games is the spit bubble coming out of Thomas Bach’s mouth.”
Tags: Athletes, Bach, Bubble, Cauldron, Covid Olympics, Exposure, Fuse, Haphazard, Immune status, IOC, Lying, Pandemic, Tokyo, Tokyo Games, Unsafely
