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Share to Twitter Share to Linkedin There was a time when the Group of Seven (G7), the assembly of wealthy nations, was consigned to the footnote of global governance. This was in the aftermath of the 2008 global financial crisis when a larger peer group, the G20, became all powerful as the policy coordinator for the global economy. The tide has turned since Russia’s invasion of Ukraine, unsettling and reordering the nodes of geopolitics. As G7 leaders gather early next week in the Bavarian Alps for their annual summit, it is no exaggeration to note that decisions taken at the Schloss Elmau resort will have far-reaching implications for the global economy. To be sure, the G20 has not disappeared as the primary platform for global economic policy. Russia’s invasion, however, has exposed the group as being sharply divided. Large emerging countries, China notably, but also India, Brazil, South Africa, and Indonesia have taken a neutral position on the … [Read more...] about The Rise Of The G7 And The Decoupling Of Global Governance

Share to Twitter Share to Linkedin You've probably seen the pictures of the mountains of luggage at London's Heathrow Airport. You've heard about the heat wave. And maybe you have friends who got Covid while they were in Europe. With all that's happening, maybe you need a better guide to traveling to Europe this summer. "Tourism is back," says David Corsun, director of the University of Denver's Fritz Knoebel School of Hospitality Management. "Hotels are full. Flights are full. Restaurants are full." Travel by Americans to Europe will soar 600 percent over last summer , according to new projections by Allianz Partners. Europeans are traveling more, too. A new survey by insurance company Europ Assistance Group found that 71% of Europeans intend to travel during the summer . That's a 14 percentage point increase compared to 2021. But you don't have to get stuck in a crowd and miss the best part of your European vacation. Europe has changed … [Read more...] about The Ultimate Guide To Traveling To Europe This Summer

Text messages obtained via Freedom of Information Act (FOIA) request from the Consumer Financial Protection Bureau (CFPB) show director Richard Cordray’s communications with Clinton donor and lobbyist Eileen Mancera. The Daily Caller exclusively broke news of Richard Cordray’s likely illegal use of a private device for communications with other CFPB staffers last month, concealing his messages from FOIA requests. Documents exclusively obtained by TheDC show that Cordray used a private device for communications and seemingly did not back them up or copy an official device, thus attempting to conceal them from public view. Now, it seems Cordray was attempting to use a private device to conceal his messages–to conceal communications with high-level lobbyists and donors. An analysis of Cordray’s text messages with other CFPB staffers, obtained via a FOIA request, show him communicating with then-CFPB staffer Rohit Chopra, directing him to talk to Eileen Mancera. Chopra is also a … [Read more...] about EXCLUSIVE: Exposed Richard Cordray Texts Contain Worrying CFPB-Lobbyist Connections