Three news stories summarized & contextualized by analytic journalist Colin Wright.
In a shock for Europe, anti-Islam populist Geert Wilders records a massive win in Dutch elections
Summary: The far-right, Dutch Party for Freedom party is forecast to win 37 of the 150 seats in the Netherlands’ lower house of parliament, giving party leader Geert Wilders, a controversial, populist politician, the first opportunity to form the country’s next governing coalition, and possibly to become its first far-right prime minister, as well.
Context: This outcome was a bit of a shock, as the Party for Freedom took two more seats than predicted by forecasts, and because the Dutch government has historically been quite tolerant and liberal, while Wilders and his party are the opposite; this is likely to represent a huge shift in local politics, but also in the operation of the EU, which has seen a surge in support for far-right candidates across the bloc over the past few years, and which will potentially be roiled by Wilders, who is not a fan of many EU policies and norms—though before any of that can happen, he has to successfully form a governing coalition, which is likely, but not guaranteed at this point.
—The Associated Press
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Binance founder Changpeng Zhao steps down and pleads guilty
Summary: The founder of the world’s largest crypto exchange, Binance, Changpeng Zhao, more commonly known as CZ, has agreed to step down from his post, to admit wrongdoing, and to pay $4.3 billion in fines after pleading guilty to violating US anti-money-laundering laws.
Context: This plea-deal makes it more likely the company will be able to legally continue operating despite its violation of these regulations, and the issue is that Binance encouraged US users to obscure their location, which allowed the company to dodge anti-money-laundering laws, which is a big no no; that multi-billion-dollar fine will be paid by Binance, which is owned by CZ, while CZ himself will pay a criminal fine of $50 million—though that latter amount might be reduced based on civil penalties he’s also agreed to pay; notably, this settlement is happening shortly after the collapse of crypto-platform competitor FTX, and a court finding its founder, Sam Bankman-Fried, guilty on seven counts with a potential total prison-term of up to 115 years.
—The Wall Street Journal
Taiwan ruling party powers ahead as chaos engulfs opposition campaign
Summary: In the lead-up to an election scheduled to be held on January 13 of next year, the front-runner candidate for the incumbent Taiwanese Democratic Progressive Party, or DPP, has said that the opposition isn’t a serious, unified bloc, despite efforts to mount a joint challenge to the DPP.
Context: The current Taiwanese Vice President leads opinions polls, at the moment, to become the island nation’s next President, even though the two primary opposition parties have decided to team up against him; this is notable mostly because China’s government sees the DPP as a separatist entity—which they don’t like—and the opposition favors a comparable mellowing of relations with China; tensions remain high in the strait dividing China and Taiwan, the former of which considers the latter to be in rebellion, basically, because of these separatist entities, and this part of the world is generally considered to be a volatile, potential hot-spot for near-future (and potentially global) military confrontation.
—Reuters
Colombia’s President Petro promised an era of “total peace” when he took office last year, but so far—despite his accolades as a former guerrilla—that has not been the case, violence from armed groups surging, not dissipating.
—Financial Times
90 miles
Approximate distance new artillery shells being developed by Nammo and Boeing will be able to travel, due to their incorporated “ramjet” engines.
That’s about the distance between Philadelphia and New York, and represents a substantial improvement over the 30-ish miles current, high-end shells can manage.
This is meant to help militaries (like those in Ukraine) do more with less, eschewing far pricier missiles in favor of (still expensive, but a lot less so) launchable shells.
—The Wall Street Journal
Trust Click
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