France has unveiled a $100 billion stimulus program, worth 4 percent of GDP over two years, to help its economy recover from the effects of COVID-19.
The money is split almost equally between support for businesses, investments in the green economy, and health and social programs. It comes on top of the €460 billion France has spent on exemptions from social charges, furlough subsidies and soft loans to keep businesses afloat.
Joe Biden could become the most progressive president of the United States since Franklin Delano Roosevelt.
That might sound odd after he was declared a “centrist” and the “establishment” candidate in the Democratic primaries.
The former vice president isn’t as left-wing as some of his former rivals, like Bernie Sanders and Elizabeth Warren. He doesn’t want to break up big tech, defund the police, forgive all student loans or nationalize health insurance.
But the whole Democratic Party has moved to the left and Biden has moved with it. He has involved Democrats and allies from the left to the center, including environmental and minority rights groups, gun control advocates and trade unions, in drafting his program. Left-wing congresswoman Alexandria Ocasio-Cortez helped write his climate policy. Biden incorporated Senator Cory Booker’s proposal to tie federal funding to looser building codes in his housing plan.
The result is that Biden has buy-in from across the Democratic coalition, which — provided the party wins not just the presidency but the Senate in November — means his plans stand a good chance of becoming reality. Read more “What Biden Wants”
With the Brexit transition period ending in just four months, concern is rising that the United Kingdom might crash out of the EU’s common market and customs regime without a deal.
Not everyone is worried. Prime Minister Boris Johnson’s predecessor, Theresa May, argued it “wouldn’t be the end of the world” if Britain left without a deal. Right-wing economists are looking forward to setting “attractive tax rates” once the United Kingdom is free of the EU’s grasp. The UK, they believe, could become a “Singapore-on-Thames”, gain a “competitive advantage” over the EU and draw businesses and investment away from continental Europe.
In what have been some of the worst clashes between Armenia and Azerbaijan in years, sixteen soldiers and one civilian were killed in the last two weeks. Armenia has threatened to bomb an Azerbaijani reservoir. Azerbaijan has threatened to destroy an Armenian nuclear plant. These may be empty threats, but they speak to the level of tension between the two countries.
The Spanish Congress has approved three out of four recovery programs proposed by Prime Minister Pedro Sánchez, whose left-wing government does not have a majority.
Right-wing and regional parties supported plans for the economy, EU and health care. A package of social reforms, which included rental protections, a basic minimum wage and measures against gender violence, fell four votes short.
Scottish public opinion is moving in favor of independence with several recent polls giving the separatists a 1- to 7-point lead.
Independence lost in the 2014 referendum by 10 points, but Britain’s exit from the European Union, and the growing likelihood that it will end the year without a trade deal to replace its access to the European single market, has many Scots wondering if they might not be better off leaving the UK in order to rejoin to EU.
Kosovo’s new prime minister, Albin Kurti, is partially lifting his predecessor’s 100 percent import tariff on Serbian goods. He has offered to lift the tariff completely if Serbia suspends its derecognition campaign. If it fails to reciprocate, the tariffs will be restored in June.
Why is the Democratic Party establishment in the United States scared of Bernie Sanders? Polls suggest the socialist from Vermont would do about as well against Donald Trump in a general election as his rival, Joe Biden.
I suspect there are three reasons:
Democrats don’t trust the polls.
They worry that, even if Sanders might defeat Trump, he would hurt down-ballot Democrats.