Fact and Mythmaking Blend in Ukraine’s Information War Experts say stories like the Ghost of Kyiv and Snake Island, both of questionable veracity, are propaganda or morale boosters, or perhaps both. ........ TikTok videos with the hashtag #ghostofkyiv reached 200 million views. ...... “Why can’t we just let people believe some things?” one Twitter user replied. “If the Russians believe it, it brings fear. If the Ukrainians believe it, it gives them hope.” ......... “If Ukraine had no messages of the righteousness of its cause, the popularity of its cause, the valor of its heroes, the suffering of its populace, then it would lose,” said Peter W. Singer, a strategist and senior fellow at New America, a think tank in Washington. “Not just the information war, but it would lose the overall war.” .......... Since Russian state media is still calling the conflict a “special military operation” and not a war — in line with the description used by President Vladimir V. Putin — state broadcasters are left “trying to talk about a war that is apparently not happening,” Dr. Garner said. .
Congress finalizes a $13.6 billion aid package to Ukraine, doubling the White House’s initial request. reflected the furious backlash in Congress to Russia’s brutal assault on Ukraine ........ sending money and weapons. ...... The bill would send $6.5 billion to the Pentagon, to cover the costs of deploying American troops to Eastern-flank allies and providing Ukrainian forces with intelligence support, as well as to backfill weapons the United States has already sent to the government in Kyiv. ....... a shipment that represented the largest single authorized transfer of arms from U.S. military warehouses to another country. ........ $1.4 billion to humanitarian support for the two million refugees who have left Ukraine. Another $2.65 billion would go to the United States Agency for International Development to provide emergency food assistance and health care to Ukrainians and other affected people in the region. .
The Kremlin accuses the U.S. of ‘economic war,’ but looks ahead to talks with Ukraine. A meeting scheduled for Thursday in Turkey between Foreign Minister Sergey V. Lavrov of Russia and his Ukrainian counterpart, Dmytro Kuleba, will be the first face-to-face encounter between the countries’ top diplomats in the nearly two weeks since Russian forces invaded Ukraine. .
Russia calls for return to 'peaceful co-existence' with U.S. like during Cold War . .
An omicron 'subvariant' is doubling in NY, just as mandates lift Known as BA.2, this virus is an offshoot, or sublineage, of the omicron variant that just swept through New York State. It’s like a kid sister, and some experts even call it “Omicron 2.” But it spreads about 30% faster than its sibling — BA.1 — and is just as severe, according to the World Health Organization. .......
BA.2 is doubling in proportion statewide every two weeks and represents about one in 10 sequenced cases.
...... Since omicron’s discovery in late November, the state has recorded 2.2 million COVID-19 cases — its biggest surge of the pandemic. Despite the immunity from those infections and 75% of New York residents being fully vaccinated, BA.2 is finding space to thrive. Wastewater surveillance in New York City is now showing an increase in coronavirus readings over recent weeks. ....... When BA.2 hit Denmark this winter, for example, it caused a second surge and lifted daily deaths to a new summit — mere weeks after the country had peaked with its sibling. But BA.2 is also spreading through the U.K. and South Africa without reversing progress against the disease. ...... every case of the coronavirus offers an opportunity for developing chronic symptoms — or long COVID. .Saudi crown prince snubbed Biden's request to discuss the oil crisis brought about by Russia's invasion of Ukraine, report says . "There was some expectation of a phone call, but it didn't happen," a US official told The Journal. "It was part of turning on the spigot [of Saudi oil]." ......... in February, a week before Russia invaded Ukraine, the Saudis declined a request from the US to increase production, as it could upset Russia, CNN reported. Saudi Arabia and Russia are members of the OPEC+ oil-producing alliance. ....... After Biden took office, the White House effectively demoted MBS to the rank of defense minister, and the two leaders have not spoken. ........ When asked whether Biden misunderstood him, MBS said, "Simply, I do not care." .......... Sheikh Mohammed bin Zayed Al Nahyan, the leader of the United Arab Emirates — Saudi Arabia's closest regional ally and a notable oil-producing nation — also declined the US's request to discuss the oil crisis. ........ the US had asked Saudi Arabia whether MBS could mediate in the conflict. MBS said on Thursday that he was ready to help end the violence with a political solution ......... Evidence suggests Putin and MBS are close personally; they were seen on camera at the 2018 G20 summit high-fiving and laughing. .
ABSOLUTE POWER Asked about the murder of Jamal Khashoggi, Mohammed bin Salman said, “If that’s the way we did things, Khashoggi would not even be among the top 1,000 people on the list.” ........ Once, he was ubiquitous, on a never-ending publicity tour to promote his plan to modernize his father’s kingdom. But soon after the murder of the Washington Post columnist Jamal Khashoggi in 2018, MBS curtailed his travel. His last interview with non-Saudi press was more than two years ago. The CIA concluded that he had ordered Khashoggi’s murder, and Saudi Arabia’s own prosecutors found that it had been conducted by some of the crown prince’s closest aides. They are thought to have dismembered Khashoggi and disintegrated his corpse. .......... In 2017, he rounded up hundreds of members of his own family and other wealthy Saudis and imprisoned them in Riyadh’s Ritz-Carlton hotel on informal charges of corruption. The Khashoggi murder fixed a view of the crown prince as brutish, thin-skinned, and psychopathic. Among those who share a dark appraisal of MBS is President Joe Biden, who has so far refused to speak with him. Many in Washington and other Western capitals hope his rise to the throne might still be averted. ......... But within the kingdom, MBS’s succession is understood as inevitable. ........ His father’s eventual death will leave him as the absolute monarch of the birthplace of Islam and the owner of the world’s largest accessible oil reserves. He will also be the leader of one of America’s closest allies and the source of many of its headaches. ......... Even MBS’s critics concede that he has roused the country from an economic and social slumber. In 2016, he unveiled a plan, known as Vision 2030, to convert Saudi Arabia from—allow me to be blunt—one of the world’s weirdest countries into a place that could plausibly be called normal. It is now open to visitors and investment, and lets its citizens partake in ordinary acts of recreation and even certain vices. The crown prince has legalized cinemas and concerts, and invited notably raw hip-hop artists to perform. He has allowed women to drive and to dress as freely as they can in dens of sin like Dubai and Bahrain. He has curtailed the role of reactionary clergy and all but abolished the religious police. He has explored relations with Israel. ........... He has also created a climate of fear unprecedented in Saudi history. ......... “When he’s King Mohammed, Crown Prince MBS is going to be remembered as an angel.” ........ For about two years, MBS hid from public view, as if hoping the Khashoggi murder would be forgotten. It hasn’t been. But the crown prince still wants to convince the world that he is saving his country, not holding it hostage—which is why he met twice in recent months with me and the editor in chief of this magazine, Jeffrey Goldberg. .......... The halls were astir. The crown prince had just returned after nearly two years of remote work, and aides and ministers padded red carpets seeking meetings, their first in months, with the boss. Neglected packages and documents had piled up on the desks and tables in his office, which was large but hardly opulent. The most obvious concession to high taste was an old-fashioned telescope on a tripod, its altitude set shallow enough that it appeared to be pointed not at the heavens but at Riyadh .......... He tries to limit his Twitter use. He eats breakfast every day with his kids. For fun, he watches TV, avoiding shows, like House of Cards, that remind him of work. Instead, he said without apparent irony, he prefers to watch series that help him escape the reality of his job, such as Game of Thrones. ........ Difficult questions caused the crown prince to move about jumpily, his voice vibrating at a higher frequency. Every minute or two he performed a complex motor tic: a quick backward tilt of the head, followed by a gulp, like a pelican downing a fish. He complained that he had endured injustice, and he evinced a level of victimhood and grandiosity unusual even by the standards of Middle Eastern rulers. .......... The crown prince has told two people close to him that “the Khashoggi incident was the worst thing ever to happen to me, because it could have ruined all of my plans” to reform the country. ........ In our Riyadh interview, the crown prince said that his own rights had been violated in the Khashoggi affair. “I feel that human-rights law wasn’t applied to me,” he said. “Article XI of the Universal Declaration of Human Rights states that any person is innocent until proven guilty.” Saudi Arabia had punished those responsible for the murder, he said—yet comparable atrocities, such as bombings of wedding parties in Afghanistan and the torture of prisoners in Guantánamo Bay, have gone unpunished. ........... “I never read a Khashoggi article in my life,” he said. To our astonishment, he added that if he were to send a kill squad, he’d choose a more valuable target, and more competent assassins. “If that’s the way we did things”—murdering authors of critical op-eds ............
If his best is not good enough for Joe Biden, MBS said, then the consequences of running a moralistic foreign policy would be the president’s to discover.
“We have a long, historical relationship with America,” he said. “Our aim is to keep it and strengthen it.” Biden and Vice President Kamala Harris have called for “accountability” for Khashoggi’s murder, as well as the humanitarian disaster in Yemen, due to war between Saudi Arabia and Iranian-backed Houthi rebels. The Americans also refuse to treat him as Biden’s counterpart—Biden’s peer is the king, they insist—even though the crown prince rules the country with his father’s blessing. This stings. MBS has lines open to the Chinese. “Where is the potential in the world today?” he said. “It’s in Saudi Arabia. And if you want to miss it, I believe other people in the East are going to be super happy.” ............ Qatar, MBS said, was comparable to Nazi Germany. ........ As for the actual Ritz-Carlton prisoners: They had it coming, the crown prince said. Overnight he’d rounded up hundreds of the most prominent Saudis, delivered them to Riyadh’s most lavish hotel, and refused to let them go until they confessed and paid up. I said that sounded like he was eliminating rivals. MBS looked incredulous. “How can you eliminate people who don’t have any power to begin with?” If they had power, he would not have been able to force them into the Ritz. ........... The Ritz operation, MBS said, was a blitzkrieg against corruption, and wildly successful and popular because it started at the top and did not stop there. “Some people thought Saudi Arabia was, you know, just trying to get the big whales,” MBS said. They assumed that after the government extracted settlements from the likes of Alwaleed bin Talal, the kingdom’s richest man, corruption at lower levels would resume. MBS noted, proudly, that even the minnows had been hooked. By 2019, everyone “understood that even if you steal $100, you’re going to pay for it.” In just a few months, he claims to have recovered $100 billion directly, and says that he will recover much more indirectly, as dividends of deterrence. .......... Salman, the current king and at 86 one of the youngest of Abdulaziz’s brood, saw the perils of unchecked gerontocracy and anointed a successor from the next generation. His choice of Mohammed was not obvious. King Salman’s sons include Faisal, 51, who has a doctorate in international relations from Oxford; and Sultan, 65, a former Royal Saudi Air Force pilot who in 1985 spent a week on the space shuttle Discovery as a payload specialist. Either of these competent and educated men, citizens of the world, might have been a natural successor. But Salman had an inkling that the next king would need a certain grit and fluency with power that cannot be acquired in a seminar or a flight simulator. The new generation, born into luxury, tended to be soft, and the next king would need to be a modern version of a desert warlord like his grandfather. ........... having consolidated power, MBS focused on Vision 2030. He is exasperated by the rest of the world’s failure to acknowledge how well it has gone. “Saudi Arabia is a G20 country,” he said. “You can see our position five years ago: It was almost 20. Today, we are almost 17.” He noted strong non-oil GDP growth, and reeled off statistics about foreign direct investment, Saudi overseas investment, and the share of world trade that passes through Saudi waters. The economic success, the concerts, the social reform—these are all done deals, he said. “If we were having this interview in 2016, you would say I’m making assumptions,” he said. “But we did it. You can see it now with your eyes.” ............. When I first visited, I ate at restaurants that had cinder-block walls dividing single men on one side from women and families on the other. These were sledgehammered down—a little Berlin 1989 in every restaurant—and now men and women can eat together without eliciting so much as a sideways glance from fellow diners. ......... Many of the crown prince’s most persistent critics approve of these changes, and wish only that they had come sooner. (Khashoggi was such a critic. When I met him in London for brunch, shortly before his death, I asked him to list MBS’s failings. He said “90 percent” of the reforms were prudent and overdue.) The most famous Saudi women’s-rights activist, Loujain al-Hathloul, campaigned for women’s right to drive, and against the Saudi “guardianship law,” which prevented women from traveling or going out in public without a male relative. Al‑Hathloul was thrown in prison on terrorism charges in 2018—after MBS and his father had announced the imminent end of both policies. In prison, her family says, she was electrocuted, beaten, and—this was just a few months before Khashoggi’s murder—threatened with being chopped up and thrown in a sewer, never to be found. (The Saudi government has previously denied allegations of torturing prisoners.) ............. Al-Hathloul and other activists had demanded rights, and the ruler had granted them. Their error was in thinking those rights were theirs to take, rather than coming from the monarch, who deserved credit for having bestowed them. Al-Hathloul was released in February 2021, but her family says she is forbidden from traveling abroad or speaking publicly. ............ Another dissident, Salman al-Awda, is a preacher with a massive following. His original crime, too, was to utter publicly a thought that would later be shared by the crown prince himself. When MBS began squabbling with his counterpart in Qatar, al‑Awda tweeted, “May God harmonize between their hearts, for the good of their people.” He was imprisoned, and actual harmony between the two leaders has not freed him. His son Abdullah, now in the United States, claims that his father, who is 65, is being held in solitary confinement and has been tortured. ................. (The Muslim Brotherhood plays a bogeyman role in the Saudi imagination similar to the role of Communists in America during the Red Scare. Also like Communists, the Muslim Brotherhood really has worked covertly to undermine state rule, just not to the extent imagined.) ............. Would MBS consider pardoning those who’d spoken out in favor of women driving and normalization with Qatar—both now the policy of the country? “That’s not my power. That’s His Majesty’s power,” MBS said. But, he added, “no king has ever used” the pardon power, and his father does not intend to be the first. .......... On one side are liberals, tugging on the sympathies of Westerners; on the other, Islamists who are also opposed to the monarchy. Letting this latter group out would not just mean the end of rock concerts and coed dining. They would not stop until they brought down the House of Saud, seized the country’s estimated 268 billion barrels of oil and the holy cities of Mecca and Medina, and established a terrorist state.In private conversations with others, MBS has likened Saudi Arabia before the Saud family’s conquest in the 18th century to the anarchic wasteland of the Mad Max films. His family unified the peninsula and slowly developed a system of law and order. Without them, it would be Mad Max all over again—or Afghanistan.
................ Many secular Arab leaders before him have made the same dark implication: Support everything I do, or I will let slip the dogs of jihad. This was not an argument. It was a threat. ........... the changes in Saudi Arabia could be compared to those in revolutionary France. An old order had been overturned, a priestly class crushed; a new order was struggling to be born. .......... The brand of conservative Islam practiced in Saudi Arabia—called Wahhabism, after the sect’s 18th-century founder, Muhammad ibn Abd al‑Wahhab—once wielded great power and enjoys at least some popular support. I asked Shihabi if MBS really had diminished the Wahhabis’ role. “Diminished their role?” Shihabi asked me. “He put the Wahhabis in a cage, then he reached in with gardening shears”—here he made the universal snip snip gesture with his fingers—“and he cut their balls off.” ............. he House of Saud wanted the anticlerical revolution while conveniently omitting the antiroyalist one. I wanted to see how that alliance between monarch and sansculottes was working. .......... Vision 2030 made modernization easier to observe now than it would have been just a few years ago. Until October 2019, tourist visas to Saudi Arabia did not exist. Then the Saudis realized that to attract crowds to the concerts they had legalized, they’d need to let in visitors. Overnight, a visa to Saudi Arabia went from one of the hardest in the world to get to one of the easiest. In minutes I had one valid for a whole year. ............ The new system arrived so fast that the first visitors were like an invasive species, an unnatural fit in the rigid social order of the kingdom. For years, almost every non-Saudi in the country had needed a document called an iqama. It was a sort of license to exist: Your iqama identified your Saudi patron, the local national whom you were visiting or working for, and who controlled your fate. Every Saudi patron had his own patron, too—sometimes a tribal leader, sometimes a regional one. Even those bigwigs paid obeisance to someone and, eventually, by the transitive property of Saudi deference, to the king himself. Saudi Arabia, MBS explained, “is not one monarchy. You have beneath it more than 1,000 monarchies—town monarchies, tribal monarchies, semitribal monarchies.” ............. “No,” he said. “Saudi Arabia is based on pure monarchy,” and he, as crown prince, would preserve the system. To remove himself from it would amount to a betrayal of all the monarchies and Saudis beneath him. “I can’t stage a coup d’état against 14 million citizens.” .......... In Riyadh I found, effortlessly, young people thrilled by the reforms. Like the other major Saudi cities, Dammam and Jeddah, Riyadh has specialty coffee shops in abundance—little outposts of air-conditioning and caffeine, in an environment otherwise characterized by heat and boredom. Many of the Saudis I met professed a deep love for America. “I spent seven years at Cal State Northridge,” one told me, before rattling off a list of cities he had visited. He was one of several hundred thousand Saudi students who’d attended U.S. universities on government scholarships in the 2000s. “I studied finance,” he said. “But I never graduated. I had a wonderful time.” He listed his American friends, who had names like Mike and Emilio. “I drank and did too much meth, and my grades weren’t good.” ...........he said his fondest wish was to listen to music in the open air and smoke a joint—just one
............ He asked if I thought that would happen. I said I did not think that was explicitly part of Vision 2030 ........ I asked the crown prince whether alcohol would soon be sold in the kingdom. It was the only policy question that he refused to answer. ........ a woman’s hair; a celebration of song; a celebration of a song about singing; and, on top of all this, the music playing in the café as we spoke. Before the rise of MBS, every component of this scene would have violated long-standing canons of Saudi morality enforcement. ......... I told one of MBS’s advisers that the religious police had been an international PR problem. “May I be impolite?” he asked me. “I don’t give a fuck about the foreigners. They terrorized us.” He likened the religious police to J. Edgar Hoover’s FBI, operating with unchecked authority. ........... Anyone who wished to drag down a professional or political rival could scrutinize him for sins, then call the religious police to set up a sting. ......... “The religious police were the losers in school,” Ali Shihabi told me. “Then they got these jobs and were empowered to go and stop the cute girls, break into the parties no one wanted them at, and shut them down. It attracted a very nasty group of people.” The Saudi diplomat told me that he did not miss them, and that Saudi Arabia had needed someone with the crown prince’s mettle to get rid of them. “When someone hits you because he does not like what you are wearing,” he said, “that is not just a form of harassment. It is abuse.” ........ The rulers of Saudi Arabia put almost no limits on the speech or behavior of conservative clerics, and in return those clerics exempted the rulers from criticism. “That was the drug deal that the Saudi state was based upon for many years,” Theroux told me. “Until Mohammed bin Salman.” .......... MBS has a law degree from King Saud University and flaunts his knowledge and dominance over the clerics. “He’s probably the only leader in the Arab world who knows anything about Islamic epistemology and jurisprudence” ........... “In Islamic law, the head of the Islamic establishment is wali al-amr, the ruler,” MBS explained. He was right: As the ruler, he is in charge of implementing Islam. Typically, Saudi rulers have sought opinions from clerics, occasionally leaning on them to justify a policy the king has selected in advance. MBS does not subcontract his religion out at all. .......... Certain rules—not many—come from the unambiguous legislative content of the Quran ........ and he cannot do anything about them even if he wants to. But those sayings of the Prophet (called Hadith), he explained, do not all have equal value as sources of law, and he said he is bound by only a very small number whose reliability, 1,400 years later, is unimpeachable. Every other source of Islamic law, he said, is open to interpretation—and he is therefore entitled to interpret them as he sees fit. ........... The effect of this maneuver is to chuck about 95 percent of Islamic law into the sandpit of Saudi history and leave MBS free to do whatever he wants. .......... “We are going back to the core, back to pure Islam” as practiced by Muhammad and his four successors. “These teachings of the Prophet and the four caliphs—they were amazing. They were perfect.” ........... and encourages sinners to keep their transgressions between themselves and God ........ He also stressed that none of these laws applies to non-Muslims in the kingdom. “If you are a foreign person who’s living or traveling in Saudi Arabia, you have all the right to do whatever you want, based on your beliefs,” he said. “That’s what happened in the Prophet’s time.” ........... It is hard to exaggerate how drastically this sidelining of Islamic law will change Saudi Arabia. Before MBS, influential clerics issued fatwas exhibiting what might charitably be called a pre-industrial view of the world. They declared that the sun orbited the Earth. They forbade women from riding bikes (“the devil’s horses”) and from watching TV without veiling, just in case the presenters could see them through the screen. Salih al-Fawzan, the most senior cleric in the kingdom today, once issued a chillingly anti-American fatwa forbidding all-you-can-eat buffets, because paying for a meal without knowing what you’ll be eating is akin to gambling. ............... In the past, Saudi clerics inveighed against infidels of all types. Now al-Issa spends his time meeting Buddhists, Christians, and Jews, and trying to stay ahead of the occasional surfacing of comments he made in less conciliatory times. ............ these lingering manifestations of intolerance illustrate what MBS’s critics say is his ultimate error: Even a crown prince can’t change a culture by fiat. ......... MBS said Neom is “not a copy of anything elsewhere,” not a xerox of Dubai. ........... Neom would lure its investors, I gathered, by creating the ideal regulatory environment, stitched together from best practices elsewhere. The city would profit from central planning. When New York or Delhi want to grow, they choke on their own traffic and decrepit infrastructure. Neom has no inherited infrastructure at all. The centerpiece of the project will be “The Line”—a 106-mile-long, very skinny urban strip connected by a single bullet train that will travel from end to end in 20 minutes. .......... The Line is intended to be walkable—the train will run underground—and a short hike perpendicular to its main axis will take you into pristine desert. Water will be desalinated; energy, renewable. .......... In the old Saudi Arabia, and even to an extent today, corruption and bureaucracy layered on each other to make an entrepreneur’s nightmare. Riyadh has almost no public transportation. No matter where you are, you cannot walk anywhere, except perhaps to your local mosque. .......... Neom is MBS’s declaration of intellectual and cultural bankruptcy on behalf of his country. Few nations have as many carried costs as Saudi Arabia, and Neom zeroes them out and starts afresh with a plan unburdened by the past. To any parts of the kingdom that cling to their old ways, it promises that the future is everything they are not. And the future will wait only so long. ........... I worried about what would happen next. Newsworthy events inside the walls of terrorist prisons tend not to be good. ........ but the Saudis decided he needed more time in prison and locked him up for eight years in a facility in Dammam, and for another seven in Ha’ir. ...... Al-Qaeda and ISIS forbid most music and revile the monarchy. Like so many other Saudis, these men seemed to have swapped their religious fanaticism for nationalist fanaticism. One wondered what they really believed. .......... He looked me steadily in the eye, like he was trying to convince me and not himself. “Vision 2030 is real.” .......... Twenty years ago, if you had told me that in 2022 the future king of Saudi Arabia would be pursuing a relationship with Israel; treating women as full members of society; punishing corruption, even in his own family; stanching the flow of jihadists; diversifying and liberalizing his economy and society; and encouraging the world to see his country and his country to see the world—Wahhabism be damned—I would have told you that your time machine was malfunctioning and you had visited 2052 at the earliest. ............. Enghien’s schemes wouldn’t have stopped Napoleon, and Khashoggi’s columns wouldn’t have stopped MBS. But his murder was a warning about the personality of the man who will be running Saudi Arabia for the next half century, and it is reasonable to worry about that man even when most of what he does is good and long overdue. .......... (“You Americans think there is something strange about a ruler who sends his unqualified son-in-law to conduct international relations,” one Saudi analyst told me. “For us this is completely normal.”) ....... he is presenting a binary choice: support me, or prepare for the jihadist deluge. ......... And no persuasion will be possible at all without acknowledging that the game of thrones has concluded and he has won. ........... As MBS told me, to justify the Ritz operation, “It’s sometimes a decision between bad and worse.” .......... In effect, both the Saudis and the Americans are now in the Ritz-Carlton, forced to bargain with a jailer who promises us prosperity if we submit to his demands, and Mad Max if we do not. The predicament is familiar, because it is the same barrel over which every secular Arab autocrat has positioned America since the 1950s. Egypt, Iraq, and Syria all traded semitribal societies for modern ones, and they all became squalid dictatorships that justified themselves as bulwarks against chaos. ........... Twenty years ago, Syria watchers praised Bashar al-Assad for his modernizing tendencies—his openness to Western influence as well as his Western tastes. He liked Phil Collins; how evil could he be? By now most everyone outside Damascus, Tehran, and Moscow recognizes him as Saddam Hussein’s only rival in the dubious competition for most evil Arab leader. ............. MBS has completed about three-quarters of the transition from tribal king with theocratic characteristics to plain old secular-nationalist autocrat. The rest of that transition need not be as ruthless as the beginning, but MBS shows no sign of letting up. ......... Sometimes this is how absolute power relaxes its grip: slowly, without anyone noticing. In England, the transition from absolute monarchy to a fully constitutional one took 200 years, not all of them superintended by the most stable kings. MBS is still young and hoarding power, and everyone who has predicted that he would ease up on dissent has so far been proved optimistic. But 50 years is a long reign. The madness of King Mohammed could give way to something else: a slow and graceful renunciation of power—or, as with Assad, an ever more violent exercise of it.
New York’s First Supertall Tower Outside of Manhattan Rises in Brooklyn The 1,066-foot Brooklyn Tower is launching sales as the luxury market once again booms, but concerns about supertall tower construction are still fresh in buyers’ minds. ........ will have 150 condos ranging from about $875,000 for studios to $8 million for four-bedroom apartments ....... Reports last year of flooding, stuck elevators and safety hazards at 432 Park may have shaken buyer confidence ...... “When you pioneer, sometimes there are growing pains,” he said in defense of the developers of 432 Park Avenue, where residents are suing for at least $125 million after reports of intolerable noise, electrical explosions and burst pipes related to the construction of the building.
Biden takes big step toward government-backed digital currency The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency. ....... instructing the federal government to explore possible uses of and regulations for digital assets like cryptocurrencies. ........ it could transform central and commercial banking, as well as government sanctions, banking accessibility and taxes. ........ a CBDC could make payments cheaper and easier for consumers but might also pose a risk to the stability of the U.S. financial system. ......... China has introduced its own CBDC, with more than 140 million people having opened digital “wallets,” and many other countries have either rolled out or are developing digital currencies. The Bahamas’ Sand Dollar is considered among the world's most successful digital currencies. ......... “Once the central banks start co-opting the technology, it’s pretty much game over." ....... the functionality could be reasonably simple, with transactions flowing directly to and from the Fed, sidestepping banks and payment systems and creating near-seamless flows of cash. ......... a broadly embraced digital currency would pose existential questions for banks and many other financial services focused on facilitating payments. ........ “Bill Gates famously said there will always be banking but there will not always be banks” ........
A digital currency could make the kind of stimulus payments of the coronavirus pandemic nearly instantaneous and far more efficient
............. commercial banks have a vested interest in opposing the technology. ...... “Two years ago everyone was ridiculing this,” Yermack said. “Now it’s the hot thing to do.”WHO recommends COVID-19 boosters in reversal
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