COVID-19 Victim: Kuwait is Broke

♠ Posted by Emmanuel in ,, at 8/19/2020 05:52:00 PM
Kuwait's energy-dependent economy is not coping well with the pandemic like its neighbors. How the mighty have fallen together with the collapsing demand for hydrocarbons as tourism and travel have been grounded around the world due to the ongoing coronavirus pandemic. Kuwait is a famously rich--albeit geographically tiny--country whose invasion sparked the first Gulf War. Nevertheless, its geopolitical clout was such that then-US President George HW Bush gathered together American allies to summarily eject Saddam Hussein's invading forces. Thirty years later, we see it confront perhaps a more invidious threat in the form...

Paris St-Germain v RB Leipzig = Qatar v Red Bull

♠ Posted by Emmanuel in , at 8/18/2020 05:48:00 PM
Battle of the bad guys? Many see it that way. A few hours after I publish this post, two of the world's most reviled football clubs will meet in the first match of the Champions League semifinals in Lisbon, Portugal. (Normally, there would be home/away ties for these clubs in their respective stadiums, but the pandemic has forced them to play a single winner-takes-all match in relatively COVID-free Lisbon as a neutral site. Needless to say, the thousands of fans are also missing.)  This being the International Political Economy Zone, we have international politics in abundance with Paris Saint-Germain [PSG] being bankrolled...