Energy

As the best documented major crisis in history, in substantial part because Kennedy secretly taped the deliberations in which he and his closest advisers were weighing choices they knew could lead to a catastrophic war, the Cuban missile crisis has become the canonical case study in nuclear statecraft. Over the decades since, key lessons from the crisis have been adapted and applied by the successors of Kennedy and Khrushchev to inform fateful choices.

Recap of MEI event "UNRWA, Its Mandate, Successes, and Challenges"

Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.

Joseph Nye advises skepticism toward claims that the pandemic changes everything. China won't benefit, and the United States will remain preeminent.

But if President Trump doesn’t overcome his go-it-alone mind-set and take immediate steps to mobilize a global coalition to combat the Covid-19 pandemic, its spread will cause a catastrophic loss of life and make it impossible to restore normalcy in the United States in the foreseeable future.

The world is now in the midst of a once-in-a-century global health pandemic that threatens the lives and livelihoods of billions. This coronavirus transcends borders and nationalities, and until a vaccine is found, a cluster of cases in any one country will endanger the health and safety of people everywhere. For this reason, there has rarely been a time in which the fates of the world's nations were so clearly linked and where American leadership and purposeful international coordination were so urgently required.

Dear America,

In London there is much talk of a new “spirit of the Blitz” in the face of another deadly threat to us all.

But 80 years on, that spirit is expressing itself very differently. When the Luftwaffe bombs fell, to continue with normal life was an act of patriotic defiance. Now as COVID-19 spreads, to continue with normal life is an act of punishable deviance.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

The United States, China and Europe are battling to be the first to find a cure, bringing a nationalist element to a worldwide crisis.

Often, crises are moments of truth. Some leaders prove in these moments to be up to the stakes, others collapse. The forces behind decisions, interests and ideologies become clearer. President Tump's solemn address to the American nation on Wednesday evening on the coronavirus crisis deserves a special mention. On that day, Donald Trump was preparing to put an end to the world economy as we knew it.