As US federal debt approaches $21 trillion in a matter of months, an eye-popping equivalent amount seems to have gone cumulatively missing from government coffers over the past two decades.
It all began three months ago to the day, in the Chinese town of Xiamen. During a news conference following the BRICS Summit, President of the Russian Federation Vladimir Putin proposed the use of international peacekeepers under auspices of the United Nations in the east of Ukraine.
An excessively unpredictable and isolationist United States, under the US President Trump, whose transactionalism borders on being simplistic, has caused discomfort globally – even more so in the Asia-Pacific region now referred to as the Indo-Pacific. This discomfort is exacerbated the fact, that the US’ unpredictable approach, has been simultaneously accompanied by an increasingly assertive China.
The new cold war between Russia and the West is characterized by the absence of a clear ideological confrontation. This constitutes its fundamental difference from the era of bipolarity, when the Soviet Union and the United States were irreconcilable ideological enemies.
In the Middle East, a new stormy confrontation may emerge. After the ISIS militants’ defeat and the beginning of a political settlement in Syria, old confrontations within the Muslim world can cause a new explosion of tension and violence.
After the fall of the Berlin Wall and the collapse of the Soviet Union, the international system witnessed a number of transformations like globalization of trade exchanges, de-industrialization of the Western World and the rise of new powers like China, Brazil and even post-Soviet Russia.
Six inspirational environmental leaders today received the United Nations' highest environmental honour, the Champions of the Earth award, during the UN Environment Assembly in Nairobi, Kenya.
The Jerusalem story is the centerpiece of news this week. Donald Trump and Mike Pence, an evangelical, in favor of moving the embassy and Rex Tillerson and John Mattis opposed in their discussion prior to the announcement. That State and Defense departments both found the move detrimental to U.S. interests underlines how politics trump sound policy.