The U.N. COP27 Climate Change Conference wrapped up this month with a historic breakthrough, as world leaders agreed to create a dedicated fund to address “loss and damage” stemming from the impacts of climate change in developing countries. Now that’s been agreed to, though, the real work of financing it begins.
After the financial and cultural success of the 1984 Los Angeles Olympics, more and more nations have vied for the chance to host the Olympics and the World Cup, leading to ambitious budgets and corruption in the selection process. Since the selection of Qatar to host the 2022 World Cup, though, FIFA and the IOC have course-corrected.
On the sidelines of last week’s G-20 leaders’ summit, Argentina and China struck a deal to increase their currency swap program. By doing so, however, China is playing to the worst economic instincts of Argentina’s Peronist government, for which every economic problem can be solved by simply throwing yet another currency plan at it.