Like many of you, I’m sure, I read Ross Douthat’s essay on “The Age of Decadence” in Sunday’s New York Times while sprawled on a chaise, picking at my smashed avo and laudanum. Stirring from the languor, I wondered: How does energy fit with this thesis? Our energy system is decadent at a fundamental level. Roughly four-fifths of what is called primary energy consumption comes from burning fossil fuels, and thermodynamics ensure the majority of that kind of “c

Viewpoints Feb. 13, 2020

On Sunday night, there was widespread rejoicing when the South Korean film “Parasite” received the Academy Award for best picture along with several other awards. Not only was this the first such win for a movie in a language other than English, but to many it represented a long-sought victory for Korean popular culture. It’s not the first such victory. In the past decade, Korean music and TV shows have exploded in global popularity. The Korean band BTS is the first since the

Viewpoints Feb. 13, 2020

Sinn Fein’s electoral smash in Ireland is a historic moment for a party that has long had difficulty shaking off its past ties to the sectarian violence of the “troubles.” It’s clear that the party’s new leader and a policy platform based around fixing the country’s housing crisis and improving public services have struck a chord with the public. That was especially true with the under-35s, for whom peace in Ireland has been the norm rather than the exception.

Viewpoints Feb. 12, 2020

Fears that the coronavirus will ravage global supply chains rooted in China are spreading fast. For automakers, a hiatus from production in the world’s largest car market may force them to take some needed rebalancing. Provinces that extended the Lunar New Year holiday period include Guangdong, which accounts for 12.8 percent of light vehicle production, and Hubei, where the outbreak’s epicenter Wuhan is located. Hubei, in central China, chalks up 9 percent of Chinese auto producti

Viewpoints Feb. 5, 2020

“Remember when we all believed in Emmanuel Macron?” The question comes not from an angry trade unionist but a stand-up comedian in central Paris, facing a crowd of 30-something urbanites cut from the same cloth as France’s 42-year-old president. A collective groan of “yes” rises from the audience, many of whom spent the winter struggling through transport strikes triggered by a flagship pension reform that crippled the city. Only one dismissive “no!” rin

Viewpoints Feb. 5, 2020

Every society in the world is going to pay a price for global warming. But it’s the poorest countries and communities who will suffer the most from rising seas and burning lands -- and likely also from any drastic measures taken to prevent climate change. The environmental crisis is closely linked to the humanitarian one, and requires the joint action of climate and human rights activists. They’d seem to be natural allies. They both regard (with good reason) today’s situation

Viewpoints Feb. 4, 2020

Outside China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant $500 billion economy, Southeast Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-US trade war, the worst drought in decades and a stubbornly strong currency. Add in Beijing’s newly imposed restrictions on Chinese travelers, who account for the lion’s share of arriva

Viewpoints Feb. 3, 2020

Airlines are perpetually on the alert against crashes. That doesn’t mean the coronavirus epidemic will lead to any corporate disasters. The outbreak that originated in the Chinese city of Wuhan could push some airlines in Asia to the wall, according to Alan Joyce, chief executive officer of Australia’s biggest carrier Qantas Airways. “A lot of airlines may not be able to keep some of these operations going,” he told Bloomberg News. “It’s survival of the fitte

Viewpoints Feb. 3, 2020

How do you turn a disease outbreak into an epidemic? The best way might be to mix infected people with the healthy for long periods in crowded conditions, and then move them around to new locations. That’s worrying, because that more or less describes the situation of many people at the center of China’s coronavirus outbreak. Yang Zhongyi, a 53-year-old woman in Wuhan with feverish symptoms, has been unable to get full-time admission to hospitals or testing in the city for two week

Viewpoints Jan. 30, 2020

A cap on Samsung Electronics’s weight in a Korean equity index could kick in earlier than planned, triggering fears that billions of dollars will exit the stock.Instead of the bi-annual adjustment, the Korea Exchange is considering putting a 30 percent limit on Samsung’s weighting on the Kospi 200 Index earlier due to the stock’s recent rally, said Ahn Kil-Hyun, the manager of the team that oversees the index. Given the gauge’s popularity among passive funds, research pro

Market Jan. 23, 2020

The US is warning it will send furlough notices within weeks to almost 9,000 South Korean workers at US bases if the two countries don’t reach agreement on President Donald Trump’s demand for Seoul to increase dramatically what it pays for American troops.Trump’s push for South Korea to contribute much more has put the alliance under strain at a time when North Korean leader Kim Jong-un’s regime has said it would no longer be bound by its previous promise to halt testing

Defense Jan. 23, 2020

In his recent state of the nation address, Russian President Vladimir Putin spent about 20 minutes on a sweeping constitutional reform proposal designed to keep him in power indefinitely -- and about twice as much time on ideas meant to boost the birth rate. This is typical of Europe’s national-conservative governments, and even some relatively liberal ones, that are preoccupied with fertility policies because of declining populations.　In a just-published working paper, economist Charles J

Viewpoints Jan. 22, 2020

China is opening the deepest, darkest corner of its strained financial system to American financial institutions. It’s not clear why investors would want to go there, even with their eyes wide open.As part of President Donald Trump’s “phase one” trade deal, China will allow US institutions to apply for asset management company licenses (beginning with the provinces), permitting them to acquire non-performing loans directly from Chinese banks. Previously, foreign investors

Viewpoints Jan. 20, 2020

A solution to the civil conflict in Libya is the ultimate hot potato. A series of global and regional powers have tried to bring the warring sides together; Turkey and Russia were the latest to try and fail in Moscow on Monday. Now it’s Germany’s turn, and if it fails as well, the standoff is likely to go on until the collapse of one faction or both. The complex, multisided game playing out in Libya provides a window on how things work in a new, post-Pax Americana world. An assertive

Viewpoints Jan. 16, 2020

As the gateway for China’s trade with the world for more than 70 years, Hong Kong might be expected to benefit from the phase one deal that Beijing will sign with Washington on Wednesday. Chances are, things won’t pan out that way. Consider the $200 billion increase in Chinese imports from the US over the next two years that Washington hopes to see as a result of the agreement. Such a rise would involve nearly doubling inbound trade.That’s difficult, but not impossible. China&r

Viewpoints Jan. 16, 2020