Situation Reports

Canada CPI Inflation Hits 10-Year High

cc Flickr Carol VanHook, modified, https://flickr.com/photos/librariesrock/39975858562/in/photolist-23UwJ1J-5k5dEB-jgJagx-qMBmnm-FPsCUy-7S3bUw-c3Ur-5eQagx-c3TY-8jKDSV-8hTvzY-234Cszo-22SCRch-awxy57-9xgV8b-7iHs7E-eGs3Kq-KEurr-5fX6Gx-eHhnpa-7Kc1rf-59hNE4-6zXNZh-MyaSu-eHorCy-cL1Hh-ehM2dn-Gbinad-ehSHvj-7A3uRm-7M38BW-ehM1y8-ehSJcL-ehSHNm-ehM1sv-ehLZa4-ehLZKc-ehLYxD-8mDcv3-ehSJPf-ehSKd3-7jiJSq-ehSKYq-ehM1eD-ehLXHK-98WRWA-ehSHU3-7jiJDj-ehSKjf-ehSKx5

May CPI numbers are making it harder to discount inflation as COVID-related economic distortion.

Amid Resurgent Violence, France Suspends Aid to Central African Republic

cc Flickr U.S. Army Southern European Task Force, Africa, modified, Burundi soldiers prepare to load onto a C-17 Globemaster Dec. 13, 2013 at Bujmumbura Airport, Burundi. In coordination with the French military and African Union, the U.S. military provided airlift support to transport Burundi soldiers, food and supplies in the Central African Republic (CAR). This support is aimed at enabling African forces to deploy promptly to prevent further spread of sectarian violence and restore security in CAR. (U.S. Air Force photo by Staff Sgt. Erik Cardenas)

Has Russia prevailed in its longstanding diplomatic tug-of-war with France?

Global USD Reserves Slip: Is the Greenback’s Reign on Borrowed Time?

cc Flickr Eli Christman, modified, https://flickr.com/photos/gammaman/6242455757/in/photolist-avCdBx-2hhozbQ-62QFjm-aLc1VT-2i6pCjp-2icC4Gt-2icwvz7-2ia5Bbw-2i3yugu-2i8wN3w-2i23mAF-2i7W8GR-2ibcEtN-2ibNKPQ-2i1Vke7-2i3bnMg-2iaXyhV-2i5sCbY-2kPPxRq-2kxjqvh-2i2GGbh-2i7MXi6-2i82ZHC-ziCmyT-shZX3u-bCUKxf-ca3j71-2aQUy93-2icRX8K-bbv8AK-29f18vk-2icreYh-2icf2xZ-2i5yVmT-2iaNgBx-2i2QFSv-2i53Lgv-iYF9SK-2idjDWL-2gTDx9A-2gTEp5J-cbUUMy-atMLeP-ShVoJ5-QAEWUq-SSLhvc-6Ax7wx-iYKFrn-2iQxkNR-2iYqTrr

The greenback’s position as premier reserve currency continues to erode, albeit slowly.

SNAPSHOT: US Inflation Sustains Momentum through May

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Signs of a fall-off were scant in May inflation numbers for the United States.

New Party, Old Hurdles: Cambodian Opposition Struggles to Bounce Back

Opposition supporters wave national flags of some Western countries who were signatory parties to the 22 year old Paris Peace Agreement, Phnom Penh, Oct 24, 2013. (Heng Reaksmey/VOA Khmer), cc Heng Reaksmey, modified, https://commons.wikimedia.org/w/index.php?title=Special:Search&redirs=0&search=cambodia%20CNRP&fulltext=Search&ns0=1&ns6=1&ns14=1&title=Special:Search&advanced=1&fulltext=Advanced%20search#/media/File:CNRP_protesters_raise_flags.jpg

Several senior ex-officials of the dissolved CNRP have joined a new party. Yet given Prime Minister Hun Sen’s record of stifling opponents, their chances of electoral success are slim.

Brazil On Bankruptcy: Destroying Pandemic-hit Companies for Profit

cc gaby_bra, modified, Flickr, https://flickr.com/photos/31103315@N00/167318364/in/photolist-fMxVo-imfTuV-9EEP66-niyCzD-244ePUZ-A2cBHw-dHS7bV-4nSJL6-c7cowf-f4XThx-2fkE9Cr-nUaxeJ-pnvKxc-ouENsc-736S9i-oWnZtt-2kYpSrm-2kYkg56-2kYpSp2-dZ8yHj-9pF8bs-2jEyZeh-2hzQMoC-4FEfEt-2hzTzQ4-2hzUxrF-2hAwiVb-2hzQKWz-2hzTw5t-2hzTFSE-2hAz8b7-2hzQTaC-2hACg9w-2hC8gQr-em4j56-eNYZoq-ewzQs-ewzpC-4ASh79-A2ceAh-5WVrzy-FiFk4A-6aEuHd-5WSZUA-nBQjqM-fhMdoU-2hzTBSa-ceYHuf-2hzQNzW-2hzUwCg

Amid the chaos of COVID-19, dubious legal practitioners appear to be intentionally turning viable businesses into distressed debt, and solely for profit.

FLASH: Left Wins Landmark Election in Peru

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The Left appears to have carried the day in Peru’s clash of political extremes.

Mining Firms Brace for Peru Election Result

cc Flickr Amelia Wells, modified, https://flickr.com/photos/speculummundi/5106015617/in/photolist-2m2asd9-2kLdBf8-2kBZsYH-2jrbiQ2-2kmKTFm-2jdjoNF-2iZxCDq-2gxBch6-2g9Ku5v-2iteYoX-2gxBcdD-2g9KAv3-2ifX2kT-2gZ6tgo-2ihKDCf-2g9KuiB-2gxBcrQ-2gxAN4G-2g9KB1r-8McEy2-2g9KxJw-2g9KtBB-2g9Kuu8-2g9Kuo6-EMhoqb-46uZse-Eg7xjB-fmUC2J-i2xGwy-i1San4-ay7hcj-JMV2T-5PhNp4-8KVfHH-48oea3-5SDZzK-9D6ieL-cmiQ9-9xwP7c-5RGLR1-in3WXW-5SJkaS-5TFuCC

Voters in Peru face an existential decision this weekend, one that many never asked for in the first place.

Russia’s National Wealth Fund Ditches US Dollar

Vice President Joe Biden greets Russian Prime Minister Vladimir Putin at the Russian White House, in Moscow, Russia, March 10, 2011. (Official White House Photo by David Lienemann), cc White House, modified, https://commons.wikimedia.org/wiki/File:Vice_President_Joe_Biden_greets_Russian_Prime_Minister_Vladimir_Putin.jpg

Moscow took another step toward de-dollarization this week, the latest in a gradual process that has been unfolding for years.

Euro Zone Inflation Surprises ahead of Key ECB Meeting

cc Flickr Peter Linke, modified, https://flickr.com/photos/peter-linke/29820759761/in/photolist-MrabWn-wavg8H-4hKCUQ-7H7VZ4-6NaSV8-dUyueq-bm86MH-63fbnP-63fcoc-7C6GMj-7C6G3A-q4fdp-5Yb76K-5YfmbN-5Yb6EM-tdFoF8-5Yb7gn-5Yb6sB-5YfkSQ-5Yb6zD-2jy3vW1-5N3kLX-2jkVHS2-2jy2srr-wpG5rd-a31XZW-9VE5UJ-6NqC2e-LgQzDs-7c2kMg-23StCHW-265AxDN-eEa2d6-a31W2C-27uQJPy-bHJqcF-az3Y5M-dpcphS-2aKUmfg-EV99FE-d51p2h-aXnUDX-96NMxG-7qv1yv-ZNGnPp-6owdoL-bXno5x-63js6U-j1gEmS-j1gHCm

Is recent inflation temporary or not? This is what ECB governors will grapple with when they meet in Frankfurt next week.

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