Bank failures are back in the news, after three of the United States’ 30 largest banks collapsed in the past three months. These bank failures and the policy responses to date have taught us several important lessons about why such crises keep happening in the U.S. and how policymakers can act to break this self-destructive cycle.
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Over the past five years, Beijing has adopted a much more assertive military and diplomatic approach in Southeast Asia. While one could reasonably expect this to negatively affect China’s standing in the region, the opposite is the case. China’s influence in Southeast Asia has soared, largely at the expense of the United States.
Earlier this week, Florida Gov. Ron DeSantis officially threw his hat into the ring for next year’s U.S. presidential election. Fashioning himself as a credible challenger to Trump, his entrance into the race all but guarantees that the migration crisis on the United States’ southern border will figure centrally in the campaign.