Animosity between China and the U.S. was already bad when the year started, and it just keeps getting worse. Whether the two powers are hurling accusations over Covid-19, shutting each other's consulates, rattling sabers in the South China Sea, escalating their trade war, or simply vilifying each other in speeches, they appear headed for ever more bitter clashes. Some say this is a new Cold War. But that label doesn't quite fit, because nothing about the standoff seems frozen, and the rest of the world is not (or not yet) split into opposing camps. This is a different kind of rivalry — one that will touch every aspect of global politics, economics, technology and finance as it heats up, and could one day end in a hot war. Read the whole thing. A Mighty Short Squeeze May Be Building in Gold — John Authers Working From Home Is Terrible News for Landlords — Andrea Felsted China Doesn't Want to Conquer, Just Do Business — Robert D. Kaplan Keep Your Eye on the Ball, Republicans — Michael R. Strain Some Never Trumpers Are Becoming Never Republicans — Ramesh Ponnuru Sinclair Pulls the Plug on Anti-Fauci Propaganda — This Time — Timothy L. O'Brien Confessions of a California Covid Nurse — Michael Lewis China Finally Makes Its Peace With 'Foreign Garbage' — Adam Minter Trump Still Prefers Fox News Over Expert Advice — Jonathan Bernstein This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the 10 most popular stories Bloomberg Opinion published this week based on web readership. |
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