Sixty years ago this month, with a rallying cry of "Poekhali!" (roughly, "Let's go!") and a 108-minute flight, Yuri Gagarin became the first man in orbit, providing a grinning snap for the front pages and an unparalleled public relations win for the Soviet Union. Space lore remains powerful, and Gagarin a national hero. A majority of Russians still believe their country is a leader at the final frontier. Naturally Moscow christened its first approved coronavirus vaccine after Sputnik, the satellite whose launch in 1957 terrified the Western world. And while President Vladimir Putin is not an interplanetary travel enthusiast, he is keenly aware of the military and geopolitical implications of a space program. But Russia is not the force it was. The industry has been hurt by Western sanctions. Worse, a combination of bureaucracy, military secrecy and a state-dominated economy have failed to foster private space enterprises of the kind driving innovation in the U.S.
Read the whole thing. India's Covid Crisis Has a Familiar Culprit — Mihir Sharma Will China Help With Huarong's $22 Billion Bill? Don't Hold Your Breath — Shuli Ren Prince Philip Was No Saint, But He Was the Queen's Rock — Martin Ivens Why New York May Emerge From Covid Richer Than Ever — Pete Saunders There's a Lot of Unused Oil Stored Up Around the World — Julian Lee Forget Boise. Buy Rental Properties in These Cities. — Alexis Leondis Europe Is Heading Toward a New Financial Crisis — Bloomberg's editorial board The New Mercedes Is a Mix of Tesla and Ferrari — Chris Bryant How Bernie Madoff Fooled the World — John Authers This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. | 
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