Watching/Ignoring

WHAT WE’RE WATCHING

Putin’s Secret Weapon President Trump took a shot at the Federal Reserve chair this week. “I’m not thrilled with his raising of interest rates,” he told Reuters after arguing that China and Europe are manipulating the values of their currencies. To understand the value of an independent central bank, the president should read this excellent profile of Russian central banker Elvira Nabiullina. She’s the primary reason that crisis-prone Russia has a relatively healthy banking sector, strong reserves, and low inflation. President Putin stays out of Nabiullina’s way—and makes sure others do, as well.

Israa al-Ghomgham It might be another first for Saudi women. Two months after the Saudi government lifted a decades-old ban on women driving automobiles, Israa al-Ghomgham may become the first Saudi woman put to death for a political crime. Her offense? According to Human Rights Watch, an advocacy group, prosecutors have charged her with “participating in protests in the [majority-Shia] Qatif region, incitement to protest, chanting slogans hostile to the regime, attempting to inflame public opinion, filming protests and publishing on social media, and providing moral support to rioters.”

WHAT WE’RE IGNORING

Complaints about Jakarta's traffic — Are the Indonesian capital’s legendary traffic jams as bad as advertised? Not if you’re a superhero like President Joko Widodo. Maybe you saw James Bond and Queen Elizabeth parachute into London’s Wembley Stadium to open the 2012 Olympics. Now check out Joko’s opening of the Asian Games. (He gets down to business at about the 1:30 mark.)

Illegal aliens — This week, the Miami Herald endorsed Bettina Rodriguez Aguilera, who is running for a seat in the US House of Representatives vacated by Florida Representative Ileana Ros-Lehtinen. Rodriguez Aguilera said in a 2009 television interview that when she was seven years old, she boarded a spaceship occupied by three tall aliens who spoke to her telepathically. And that’s not weird at all.

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Then-Bank of England Governor Mark Carney shakes hands with then-Chinese Premier Li Keqiang before the 1+6 Round Table Dialogue meeting at the Diaoyutai State Guesthouse, in Beijing, China, on September 12, 2017.
REUTERS/Etienne Oliveau/Pool

Questions lurk over how Mark Carney plans to engage with China, as the United States warns allies against dealing with Beijing.

US President Donald Trump announces he has selected the path forward for his ambitious Golden Dome missile defense shield, in the Oval Office of the White House in Washington, D.C., USA, on Tuesday, May 20, 2025.
Chris Kleponis/Pool/Sipa USA

Donald Trump wants to protect the United States from ballistic and hypersonic missiles with a “Golden Dome,” and Canada, officially, wants in.

Canadian Prime Minister Mark Carney gives a thumbs up as he departs after meeting with US President Donald Trump at the White House in Washington, D.C., USA, on May 6, 2025.
REUTERS/Leah Millis

Mark Carney won the Canadian election largely by adopting a pugnacious “elbows up” posture against the Trump administration. Now that he’s in office, he’s adopted a more diplomatic posture.