Hard Numbers: Trillion Dollar Joe, Iran bans crypto mining, EU wants its jabs on time, Indonesian cleric sentenced

Hard Numbers: Trillion Dollar Joe, Iran bans crypto mining, EU wants its jabs on time, Indonesian cleric sentenced

6 trillion: Joe Biden's first budget as US president will propose a whopping $6 trillion in federal spending on infrastructure, education, and healthcare to make America more competitive. This would be the highest level of sustained US government spending seen since the end of World War II. (And that's why we call him Trillion Dollar Joe.)

4: Iran has banned cryptocurrency mining for four months following a surge in power outages that the regime blamed on computers churning through blockchain transactions. Cryptocurrency mining can be immensely lucrative, but it has a huge carbon footprint.

10: The European Commission has warned AstraZeneca that it will start charging it 10 euros ($12.2) per dose per day if the Anglo-Swedish company fails to deliver 300 million COVID vaccine doses to the EU by the fall. Brussels and AstraZeneca are embroiled in an ongoing legal dispute over this issue, and have been at odds for months over the scant supply of jabs, which has contributed to the bloc's sluggish vaccine rollout.

8: An Indonesian court has sentenced prominent hardline cleric Rizieq Shihab to eight months in prison for violating COVID restrictions by participating in multiple mass in-person events after his return last year from self-imposed exile in Saudi Arabia. Rizieq is the leader of the outlawed Islamic Defender's Front, one of the country's most extreme militant groups.

More from GZERO Media

US National Security adviser Jake Sullivan speaks with GZERO founder and president Ian Bremmer at 92Y in New York City, on December 17, 2024.
Dan Martland/GZERO Media

Joe Biden's top foreign policy adviser shares his views on the transition to Trump, the risks in Syria, the choices for China, the false narrative about Russia, and what keeps him up at night as he prepares to leave office.

Argentina's President Javier Milei gestures during the Atreju political meeting organized by the young militants of Italian right-wing party Brothers of Italy (Fratelli d'Italia) at Circo Massimo in Rome.
Stefano Costantino / SOPA Images via Reuters Connect

A year ago, Argentina’s eccentric, wolverine-haired, “anarcho-libertarian” president Javier MIlei took office with a chainsaw and a plan: to tackle the country’s triple-digit inflation and chronic debt problems, he would hack government spending to pieces — and it seems to be working.

South Korean President Yoon Suk Yeol delivers an address to the nation at the Presidential Office in Seoul, South Korea, December 12, 2024.
The Presidential Office/Handout via REUTERS

On Tuesday, the floor leader for South Korea’s newly-impeached President Yoon Suk-yeol’s party said it would be inappropriate to fill vacancies on the constitutional court with the powers of an acting president, setting up a fight aimed at slow-rolling Yoon’s final removal from office.

Palestinians inspect damage at the site of an Israeli strike on a house amid the Israel-Hamas conflict at the Nuseirat refugee camp in the central Gaza Strip on December 13, 2024.
(Photo by Majdi Fathi/NurPhoto)