What We're Watching
South African leader defends land reform to Elon Musk
Close up of South African flag.
IMAGO/Westlight via Reuters Connect
Why was the law changed? Even though apartheid ended 30 years ago, and white South Africans are only 7.3% of the population, as of 2017 they still possessed 72% of privately owned farmland. Critics warn, however, that a new expropriation law risks replicating the experience of neighboring Zimbabwe, where seizures of white-owned land in the name of racial equity devastated agricultural productivity and discouraged foreign investment.
This week, Republican US Sen. Ted Cruz said he will use his position as chairman of the Africa subcommittee of the Foreign Relations Committee to “investigate these and other concerning decisions” by South Africa. Cruz also criticized Pretoria’s directive last month to Taiwan that it relocate its Taipei Liaison Office from the capital before the end of March, posting to X that “the South African government seems to be going out of their way to alienate the United States and our allies.” China is South Africa’s largest trading partner and encouraged the country to sever relations with Taiwan in 1997.India’s Modi consolidates grip after historic state election win, Venezuela and Guyana are back in court over border dispute, Trump administration weighs a hands-on approach to AI
Putin is increasingly paranoid, according to a Financial Times report out today. Security has been tightened, more time is being spent in underground bunkers, and the vast majority of his attention is being absorbed by Russia’s war with Ukraine. One reason of his concern is said to be Ukraine’s drone capabilities, which have demonstrated an ability to strike Russian airfields thousands of miles from Kyiv.
There are signs AI could ripple through the economy much faster than past innovations. At the 2026 World Bank/IMF Spring Meetings, GZERO’s Tony Maciulis asked Microsoft's Vickie Robinson what it will take to prepare economies for the age of AI and how quickly it needs to happen.
Apparently they really are saying this on Wall Street now. But are they SINGING it? #PUPPETREGIME