Daily Archives: June 24, 2013

John Paul Rathbone

Rafael Correa (Getty)

While no one knows with certainty where Edward Snowden is heading after leaving Hong Kong on Sunday, Ecuador appears to be his most likely destination – a small country on the equator, as its name tells us, with fiery Rafael Correa as its outsize president. However, Correa is not the only larger-than-life politician that Ecuador has produced for the world. Indeed, for much of its history, Ecuador seems to have drawn its political inspiration from the gigantic volcano Chimborazo depicted on its coat of arms. Furthermore, like many of the titans who have dominated Ecuadorean politics, Correa has brought a rare stretch of political continuity to his country, although, as critics might argue of him but certainly his forebears, it has been at a cost. 

Jacob Frenkel, currently a chairman of JPMorgan International, will return as governor of the central bank of Israel, 13 years after leaving in 2000. He is taking over from the respected Stanley Fischer who will resign June 30, in an economic environment of slowing growth and rising property prices. Here is a handful of interesting reads (and a video) on his appointment and his past. 

♦ Evan Osnos discusses how the Chinese activist Chen Guangcheng has been embraced by US Republicans.
♦ The US Supreme Court rules this week on the constitutionality of Section Five of the Voting Rights Act, which was passed at the height of the civil rights movement and requires jurisdictions where there has been a history of racial discrimination to submit any proposed voting changes to the Justice Department for approval.
♦ A five-year farm bill was defeated on the US House of Representatives last week. E.J. Dionne argues that it is a lesson in the real causes of Washington dysfunction: “Our ability to govern ourselves is being brought low by a witches’ brew of right-wing ideology, a shockingly cruel attitude toward the poor on the part of the Republican majority, and the speaker’s incoherence when it comes to his need for Democratic votes to pass bills.”
♦ The Atlantic looks at why Edward Snowden would look to Ecuador for asylum.
♦ Jon Stewart appears on the show of Bassem Youssef, his Egyptian counterpart.