Situation Reports

US to Rebuild China Policy from the Ground Up

cc Flickr Naval Surface Warriors,modified, https://flickr.com/photos/navalsurfaceforces/22955920650/in/photolist-AYx6rm-FARCEh-24wsjKB-22nnNPX-Lb4Gty-24wsspe-285qNNP-JMSXy8-ESf6DF-21YqmGo-E81jRD-24Jnp5r-GACFCE-24EAqB3-JQaiNx-23JPkMk-23fUxYf-Em17aZ-23cDPWW-G2Urqs-JqvVTa-oktzYh-E81K58-JZkdv4-22VaMjK-21DfJuL-GgiJZm-22zpkMd-JZkeu8-22zpxtE-247XwKW-FDeg4A-22NqBd4-24kKKgx-z7PxHW-yrnYrb-23Xgkrh-E48a5V-yaHJHo-244DEJK-22JG7h9-EprYZg-22s5o4D-zpxTbq-22zpzjy-KaX2dH-22nnGEx-23cDP3m-21LsicW-G2Uh2s

Amid growing calls for a new approach to the challenged posed by China, President Biden has initiated a policy rethink. Here’s what the new US posture might look like.

Inflation Whispers Spook Global Bond Markets

cc Flickr Federalreserve,modified, https://flickr.com/photos/federalreserve/47006304851/in/photolist-2eBMAKV-2dQHr2Y-288Z3rm-2hQFpit-2hQJ3kJ-2hQFuGz-2hq8EXk-2khCguk-D1wyRo-2iVEFmj-2jaDjRh-2jaEzhA-2jaACF8-2hY78pq-2hq8FMB-2jr9gYR-23DPFGo-2k3M34D-2iAgwa7-25jqEwE-2jaCZjt-2hQKkkV-2imErJc-2in2hau-2eBMAv6-2a561Dv-GbqKvY-2d29HSX-2g9MRD3-2bahHwD-2hq7WvD-2jr9gWX-2emDMrp-2dETXFR-2ggT2WF-25ha66V-2ht6Cft-QRuQoB-2df5bfx-Pg344T-2dfn9ER-2bV9RiW-2hhpakB-28hER8w-2gMaoJr-KJVWsT-2jaHwZi-2j4jT5p-28bsnfV-2fDiTke

Do spiking yield curves across the developed world harken the end of COVID-era monetary stimulus?

Biden Shifts US Strategic Posture in Middle East, Again

cc Flickr Gage Skidmore,modified, https://flickr.com/photos/gageskidmore/48605410967/in/photolist-2h46ri2-2h1gqFT-2h1hdiv-2ivodQE-2gY4K1q-2gY3Xtc-972Lq6-DPupHB-E4Erg3-Dse9S4-DcquWF-DNgLAm-DR8pHX-EnyaY4-DPhGw2-DYr1gS-25L5n2J-DDKaoV-5H36mD-DvgQto-DLX4Gm-2kfQXv6-DcqQdX-DdRnd8-5H36tZ-E1rtMF-E1G3Vr-DcNejy-EpBHDe-DchPTe-Dse7av-DVwHYm-CrKTb7-5H36vF-E84zFC-CrSDEV-DsZwhY-Dy9psZ-DxJtR8-DbxcPM-E2MYYb-5H36BR-E3LXB7-Dh2NSN-EaAWJQ-DSAdWu-DvcHR3-DbLgKd-DPG4vF-5H36k4

The pendulum of US strategic posture in the Middle East has swung once more.

COVID-19 Brewing a Perfect Storm of Political Crisis in Lebanon

cc Flickr, modified, tongeron91https://creativecommons.org/licenses/by-sa/2.0/

How far can Lebanon’s institutions be stretched before they simply collapse? This year could have an answer.

Biden Not the Hero the WTO Needs

cc Flickr Matt Johnson, modified, https://flickr.com/photos/cornstalker/48309161971/in/photolist-2gAV5MH-2gAVDKY-2gAV5xp-2gAVDvu-2gAVDFp-2gAV5Bs-2gAV64e-2gAV5jo-2gAV4QT-2hT9Ttt-2gAV5SC-2gAVEhp-djLepK-djLcMM-2gAV5WA-D1sgbC-D1wyip-EpBHf8-EdeiAK-DYnh2C-CrJ8Vw-Dcdfyh-E6BCTS-E1zPjv-Dstodd-Dj8tRB-DzrSXX-DcWvTR-DNHJyL-DARar6-DYncXL-MxLM6p-E1BwZx-DRR3Pu-DAkdKa-Duw8Yx-Dzfp56-DYvmDY-DpiEz2-Dcdgid-E7B7Hq-5ziR4K-CL14YU-DpiG8c-PaTSW5-Cs1Koc-DARcgP-Ddw3j5-DXb6GY-Lip31W

The Biden administration appears content to perpetuate the WTO’s toothless status, with major consequences for global trade moving forward.

FLASH: COVID-19 Vaccine Global Update (2-23-2021)

cc Flickr Chairman of the Joint Chiefs of Staff, modified, https://flickr.com/photos/thejointstaff/50745582317/in/photolist-2kCyJXV-2kyA7Zo-2krPiqu-2kBooya-2kiCFf5-2kChrN6-2kgtSaW-2kCJKCZ-2ksq9Kc-2kjdnF4-2ksq9Mm-2kuheHY-2kD8KJU-2kgugGg-2kyK8XT-2kiWxKu-2kfFBv4-2kfFBuc-2kjpGUJ-2kfKPp5-2kifVL9-2jDz6BT-2jDuLXT-2kuheF8-2kuhedj-2kBopo1-2kugK5j-2kjpGTg-2krW97E-nCkssY-2jnGBXu-2kfFBvu-2krPiWK-2krW9ak-2kuhdfs-2kwkHNT-2kgq3ji-2krT7GF-2jDygU7-2kud1Hd-2jDyg6d-2kugGKp-2kvFNhD-2krW9nu-2krRUu8-2kCiDEq-2iUNxsU-2kw6xQa-2kuhcTL-2khyDS9

Tracking the latest news surrounding the global COVID-19 vaccination effort.

Past is Precedent: Political Gridlock Tests State Institutions in Somalia

cc AMISOM Public Information, modified, https://flickr.com/photos/au_unistphotostream/7156334070/in/photolist-bUo5Nb-bUo6HE-bZsiFj-Efb6RB-2jbqZo8-7AaB3D-fptUkR-fptTNB-fpJ9X5-cMaH8S-fHjsuG-fHjSN9-cMaLUb-cMaFdj-fHjQZS-cMaFPW-DFFF3F-cMaMz3-fpJb7m-fptZdZ-ds7DPq-cMaKZu-fH3ahn-cMaJqE-fLSLgk-bppQE6-ds7EEA-fLSNJV-fH35ia-ds7vkt-cMaFxW-fH3sjV-7AaCQr-fHk1tG-fptVoK-fHk4th-fpJbtG-fH3wzt-fptXE4-fH3kt8-fpJc4S-pMVa6h-dmPbwS-fpJbUh-fH3eRT-fH3jCp-fHjHHj-fH3n6K-fH3pNz-e2DRwQ

Mohamed Abdullahi Mohamed’s mandate has expired and no new elections are on the horizon. Has Somalia’s 2012 constitution reached its breaking point?

Striking Oil Is No Antidote for What Ails Cambodia’s COVID-hit Economy

cc Flickr Glenn Beltz,modified, https://flickr.com/photos/n28307/33200942298/in/photolist-SzRvrC-2hBksnf-2hLfSNc-2i4K6EB-2i4pnnM-2dZTpah-2euF7o8-2hiVcbD-2hMrzuj-25WYghM-2eBnBvG-3KAozn-4FawhR-jiUx9-6bL1gX-6Ez632-6Ez61B-jiUqV-69vEai-ccWzWG-9pLRJn-2eG9ZZV-QmzGca-2jRZVcc-2i5SW4Q-RRrAUS-zZPeGW-2jtUuKU-A1gkT1-zZP5A9-zLKnTV-zL5akW-z7Nhas-z54Jbo-A1oxMr-z3TTDN-zMuCTj-bcTn8P-zJwQ1n-z5bJqC-A3e67q-A2REWY-RruHiW-jzaouT-A3dYCJ-zLBq9m-zahV4t-zMAc6d-A2T22W-z7msaQ

Cambodia has extracted its first crude oil from the Gulf of Thailand. Yet with oil prices low amid COVID-19 and production peaking at 7,500 barrels per day, the impact on Cambodia’s economy will be marginal.

US Corporations Keep Gorging on Cheap Debt in 2021

cc Flickr Maria Eklind,modified, https://creativecommons.org/licenses/by-sa/2.0/

With the QE pumps whirring and asset-starved investors on the hunt for yield, there’s never been a better time to be a junk-rated corporation in the United States.

Will the Quad Give Way to the Quint?

BAY OF BENGAL (July 17, 2017) Ships from the Indian Navy, Japan Maritime Self-Defense Force (JMSDF) and the U.S. Navy sail in formation, July 17, 2017, in the Bay of Bengal as part of Exercise Malabar 2017. Malabar 2017 is the latest in a continuing series of exercises between the Indian Navy, JMSDF and U.S. Navy that has grown in scope and complexity over the years to address the variety of shared threats to maritime security in the Indo-Asia-Pacific region. (U.S. Navy photo by Mass Communication Specialist 3rd Class Cole Schroeder), cc Flickr ermaleksandr, modified, https://creativecommons.org/publicdomain/mark/1.0/

If the ties binding the Quad together are a shared fear of China’s growing power in the region, then there’s no reason to believe it won’t become the Quint some day.

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