International

Young Presidents challenge traditional politicians in actions against the COVID-19

The worldwide emergency generated by the COVID-19, has put in the public eye the reactions and contention measures prompted and executed by the presidents of the world.

In a world that has been changing rapidly in the last decade, one of the biggest variations has been the arrival of very young political leaders directing the fate of the countries, and this health crisis has highlighted this trait.

The young leaders have taken very good decisions, that have impacted the results of emergency management in a positive way, Sanna Marin Prime Minister of Finland, Nayib Bukele President of El Salvador and Jacinda Arden Prime Minister of New Zealand have stood out for their severe but successful measures.

The vision of these 3 leaders, who are no more than 39 years of age, has been applauded by the authorities and public opinion worldwide, taking seriously the crisis, prioritizing the lives of their fellow citizens and creating public policies that prioritize social distancing have been the key factors in managing the crisis in their respective countries.

The president’s decisions were severely questioned by different groups in their countries, especially by their political opposition, however, they have bet differently; obtaining results that benefit its citizens.

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This attitude has been contrasted by the response of more traditional politicians with many years over their shoulders, such is the case of Donald Trump President of the United States, Jair Bolsonaro President of Brazil and Manuel Lopez Obrador of Mexico.

From the moment that the World Health Organization announced about the risk of the Coronavirus pandemic, these presidents looked down on the emergency, didn’t take preventive measures and their public policies didn’t prioritize imposed household quarantines.

To date, the results of deaths because of the virus and the overflow in their health care systems, are the indicators that allow saying that the young leaders have responded in a better way against the worldwide crisis.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.