Day

June 10, 2021

Dire Strait: Taiwan in the 1950s and Today

Taiwan has long been an epicenter of great power tension, perhaps most dangerously so during the early 1950s. Following his defeat by Mao Zedong’s People’s Liberation Army in 1949, Chiang Kai-shek and his Kuomintang supporters withdrew to Taiwan, planning to regroup and return to the mainland in force. With the U.S. Navy lying athwart the...

Legal Tender: El Salvador Bets on Bitcoin

In San Salvador on Tuesday evening, after a proposal and hard-sell by populist President Nayib Bukele, the Legislative Assembly of El Salvador passed a slim three-page bill enshrining Bitcoin as a legal tender currency within the country – a designation previously held solely by the U.S. dollar. In the West, Bitcoin has been generating a...