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height: 1px; line-height: 1px;"> <div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Conversations with Asia&#x2019;s leading movers, shakers, thinkers, and provocateurs</span></div></div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; min-width: 100%;"> <tbody> <tr> <td class="divider-base divider-solid" width="100%" align="center" valign="top" style="padding: 9px 0px;"> <table cellpadding="0" cellspacing="0" border="0" align="center" style="width: 100%; min-width: 100%; height: 1px;"> <tbody> <tr> <td height="1" align="center" style="background-color: rgb(207, 143, 18); padding-bottom: 0px; border-bottom-style: none; height: 1px; line-height: 1px;" bgcolor="CF8F12"> <div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class="feature-margin" align="left" valign="top" style="background-color: #FFFFFF; padding: 0px 20px;" bgcolor="#FFFFFF"> <table width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="feature editor-col OneColumnMobile" width="100%" align="left" valign="top" style="background-color: rgb(255, 255, 255);" bgcolor="FFFFFF"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text feature-heading-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 18px; color: #000000; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; font-weight: bold; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div style="text-align: center;" align="center"><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;">In conversation with</span></div> <div style="text-align: center;" align="center"><span style="font-size: 20px; font-family: Calibri, Helvetica, Arial, sans-serif;">Adam Schwarz</span></div> <div style="text-align: center;" align="center"><span style="font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;">Southeast Asia: Political Pawn or Proxy?</span></div> <div style="text-align: center;" align="center"><br></div> <div style="text-align: center;" align="center"> <span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;">Click </span><a href="http://www.insideasiapodcast.com/political-pawn-or-proxy/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(207, 143, 18); font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> to listen to the full </span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> episode</span> </div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; min-width: 100%;"> <tbody> <tr> <td class="divider-base divider-solid" width="100%" align="center" valign="top" style="padding: 9px 0px;"> <table cellpadding="0" cellspacing="0" border="0" align="center" style="width: 100%; min-width: 100%; height: 1px;"> <tbody> <tr> <td height="1" align="center" style="background-color: rgb(207, 143, 18); padding-bottom: 0px; border-bottom-style: none; height: 1px; line-height: 1px;" bgcolor="CF8F12"> <div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div><table class="editor-image OneColumnMobile" style="mso-table-rspace: 5.75pt;" align="left" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="image-cell " align="center" valign="top" style="padding: 0px;"> <div class="publish-container"> <a href="http://www.insideasiapodcast.com/political-pawn-or-proxy/" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="238" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/6ada86a1-d05c-4e0d-81ef-528ba402c785.jpg"> </a> </div> </td> <td class="mobile-hidden" width="15" height="1" align="center" valign="top" style="height: 1px; line-height: 1px; padding: 0px;"> <img alt="" width="15" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> </tr> <tr> <td class="mobile-hidden" height="5" align="center" valign="top" style="height: 5px; line-height: 1px; padding: 0px;"> <img alt="" width="1" height="5" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> <td class="mobile-hidden" width="5" height="5" align="center" valign="top" style="height: 1px; line-height: 1px; padding: 0px;"> <img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> </tr> </tbody> </table></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">As Covid-19 continues to cast its pall over the world, some analysts say China &#x2013; and other autocrat nations for that matter &#x2013; are using the occasion to exert power. To make matters worse, Trump continues to paint China as the source of all woes and if some diplomatic effort isn&#x2019;t made, we may find ourselves in the midst of a new Cold War or even worse.</span></div> <div><br></div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">One part of the world is particularly susceptible to these geo-political transgressions, and that&#x2019;s Southeast Asia. In order to understand what&#x2019;s at stake, I spoke with&#xa0;</span><a href="https://www.linkedin.com/in/adam-schwarz-8a363a6/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Adam Schwarz</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, CEO of Singapore-based advisory firm, Asia Group Advisors. Our conversation in&#xa0;</span><a href="http://www.insideasiapodcast.com/political-pawn-or-proxy/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">this episode</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;of&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;reminded me how the sub-region has weathered its fair share of colonial and post-colonial flack.&#xa0;</span> </div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 10px; padding-bottom: 10px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="580" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/a7e129ca-bed8-431c-b817-566f67c64582.png"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The Southeast Asia of today is not the Southeast Asia of yesteryear.&#xa0;&#xa0;For generations, the spice trade defined commerce. Europeans cottoned on in the 16</span><sup style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; line-height: 0; mso-text-raise: 30%;">th</sup><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;century and throughout the 17</span><sup style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; line-height: 0; mso-text-raise: 30%;">th</sup><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;century, the region was divided up through a series of unequal treaties.&#xa0;</span> </div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The post-World War II era ushered in a wave of independence movements. But even then the governments of Southeast Asia were divided along ideological lines. Indochina became the staging ground for American and Russian aggression. The Vietnam War&#x2026;well&#x2026;that served as a bloody reminder that post-colonialism was alive and well.</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">On Guard Against a Neo-Colonialist China?</span></div> <div><br></div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The past 50 years has given Southeast room to grow. The results have been mixed. While Singapore has emerged as one of the most sophisticated city-states on the planet, other countries, like Laos, have wallowed in stagnation. Perhaps because of these major developmental differences, the Association of Southeast Asian Nations, or ASEAN, has struggled to build consensus. The 10 member nations represent a collective GDP of $2.3 trillion. That&#x2019;s relatively small compared to an American GDP of $21 trillion, but not unimportant. Combined, its equivalent to the world&#x2019;s 7</span><sup style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; line-height: 0; mso-text-raise: 30%;">th</sup><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;largest economy.&#xa0;</span> </div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 10px; padding-bottom: 10px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="585" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/327018ef-73cd-4a45-8119-005f0052265d.jpg"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">The ASEAN Opportunity</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Now could be Southeast Asia&#x2019;s phoenix moment. Member nations are a collection of relatively stable and growth-oriented markets that may be about to reap the benefits of a geopolitical pissing match between the US and China. As my conversation with Adam reveals, investors are swarming, supply-chains are shifting, and confidence is mounting. The sub-region&#x2019;s ability to weather and managed the Covid-19 crises will either make or break the rate of that ascendance. Much is yet to be seen.</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Politically, the US had distanced itself from the region for all the wrong reasons and at precisely the wrong time. US investors and multinationals operating in this part of the world aren&#x2019;t happy about that. Layer in China&#x2019;s ambitions and the fact that it is now the region&#x2019;s largest trading partner and the possibility for one of two scenarios emerges.</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Best case, ASEAN finds its footing, doubles down on its effort to economically integrate, and sets an example to the world in areas of sustainability and innovation. Worse case, China exerts power to replace US influence while leaders in the region dicker, only to find themselves, once again, beholden to a Northern neighbor with a historical fondness for tribute.</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">Keeping It's Own Economic House In Order</span></div> <div><br></div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Then there&#x2019;s the matter of transparency. How or why Covid-19 reported cases are to date so low through ASEAN countries is a bit of a mystery. As any epidemiologist will tell you, a virus thrives in densely populated and immune-compromised communities.&#xa0;</span><a href="https://asiasociety.org/slums-asia" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Asia&#x2019;s slums</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;&#x2013; of which there are many &#x2013; come to mind. Maybe not in the high-rise cosmopolitan centers of Singapore, Hong Kong or Tokyo, but certainly in places like India, Cambodia, Indonesia and the Philippines.&#xa0;</span> </div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 10px; padding-bottom: 10px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="591" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/f35f710f-d2fc-49ab-8bdb-f3565bf73d2d.jpg"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div><table class="editor-image OneColumnMobile" style="mso-table-rspace: 5.75pt;" align="right" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="mobile-hidden" width="15" height="1" align="center" valign="top" style="height: 1px; line-height: 1px; padding: 0px;"> <img alt="" width="15" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> <td class="image-cell " align="center" valign="top" style="padding: 0px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="248" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/5a052688-4b7d-41c6-9b7f-e9a04c235000.png"> </div> </td> </tr> <tr> <td class="mobile-hidden" width="5" height="5" align="center" valign="top" style="height: 1px; line-height: 1px; padding: 0px;"> <img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> <td class="mobile-hidden" height="5" align="center" valign="top" style="height: 5px; line-height: 1px; padding: 0px;"> <img alt="" width="1" height="5" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> </tr> </tbody> </table></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">According to the World Bank, Asia is home to 563 million urban slum dwellers, or 64% of the world&#x2019;s slum population. Urban slums pose the greatest concern, where people live on top of each other and sanitation is virtually non-existent. </span></div> <div><br></div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">In Manila, places with names like&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Tondo</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">,&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Happyl and</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;and&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Aroma</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;are home to millions of poor and destitute. They rank among the world&#x2019;s most densely populated areas. Conditions are shocking. The same goes for&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Tambora</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;in Jakarta, where an estimated 250,000 people are packed into a 5-1/2 square mile radius.</span> </div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">The Poverty Problem</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">So here&#x2019;s my big concern: If Covid-19 can sweep through the orderly, albeit crowded, worker dorms in well-appointed Singapore &#x2013; as it has - with nearly a thousand cases a day for the last three weeks, then what&#x2019;s to prevent this virus from wreaking havoc in large-scale slums, where most assuredly, no one will come to the rescue? Could it be that for reasons that defy logic, Asia&#x2019;s urban poor have been spared the disease, or is it possible that governments in less developed countries are simply under-reporting cases, knowing full well that they can neither test nor treat the infected?&#xa0;&#xa0;</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">This is what I mean by transparency. If Southeast Asia has a shot at growing its global reputation, any move to cover up the truth with respect to the spread of the disease is sure to tarnish the sub-region&#x2019;s image. For investors, it&#x2019;s a test. Political competency and stability are precursors if the plan is to invest and grow long-term.</span></div> <div><br></div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">If you&#x2019;re not a regular&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;listener, please subscribe wherever you download and listen to podcasts. There are over 130 episodes to choose from. We cover everything from geopolitics to emerging trends. If you&#x2019;re doing business in Asia, listen to what&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#x2019;s guests have to say. You won&#x2019;t find a better business-focused podcast&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">in</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;Asia&#xa0;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">on</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;Asia.&#xa0;</span> </div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">As always, we thank you for listening!</span></div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; 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color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;Covid-19 is Increasing Strategic Uncertainty in Southeast Asia,&#x201d; by Adam Schwarz,&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">The Atlantic Council</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, May 8, 2020.</span> </div> <div><a href="https://www.atlanticcouncil.org/blogs/new-atlanticist/covid-19-is-increasing-strategic-uncertainty-in-southeast-asia/" rel="noopener noreferrer" target="_blank" style="font-size: 15px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.atlanticcouncil.org/blogs/new-atlanticist/covid-19-is-increasing-strategic-uncertainty-in-southeast-asia/</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;The Folly of Trump&#x2019;s Blame Beijing Coronavirus Strategy,&#x201d; by Evan Osnos,&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">The New </span><span style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Yorker,</span><span style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;May 10, 2020</span> </div> <div><a href="https://www.newyorker.com/magazine/2020/05/18/the-folly-of-trumps-blame-beijing-coronavirus-strategy" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.newyorker.com/magazine/2020/05/18/the-folly-of-trumps-blame-beijing-coronavirus-strategy</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;Marco Rubio on How China has Changed Capitalism,&#x201d; by David Barboza,&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">The Wire China</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, May 3, 2020</span> </div> <div><a href="https://www.thewirechina.com/2020/05/03/marco-rubio-on-how-china-has-changed-capitalism/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.thewirechina.com/2020/05/03/marco-rubio-on-how-china-has-changed-capitalism/</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Report</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;The Case for a National Industrial Strategy to Counter China&#x2019;s Technological Rise,&#x201d; by Robert D. Atkinson, I</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">nformation Technology &amp; Innovation Foundation</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, April 13, 2020</span> </div> <div><a href="https://itif.org/publications/2020/04/13/case-national-industrial-strategy-counter-chinas-technological-rise" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://itif.org/publications/2020/04/13/case-national-industrial-strategy-counter-chinas-technological-rise</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;China Won&#x2019;t Be Scared Into Choosing Marketization,&#x201d; commentary by Scott Kennedy,&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Center for Strategic &amp; International Studies</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, April 23, 2020</span> </div> <div><a href="https://www.csis.org/analysis/china-wont-be-scared-choosing-marketization" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.csis.org/analysis/china-wont-be-scared-choosing-marketization</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;There Is No China Crises,&#x201d; by Daniel Drezner,&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Reason</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, May 2020 issue</span> </div> <div><a href="https://reason.com/2020/04/25/there-is-no-china-crisis/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://reason.com/2020/04/25/there-is-no-china-crisis/</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Report</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;US-China Economic Distancing in the Era of Great Power Rivalry and Covid-19,&#x201d; by Dr. John Lee, United States Studies Center, May 4, 2020</span> </div> <div><a href="https://www.ussc.edu.au/analysis/us-china-economic-distancing-in-the-era-of-great-power-rivalry-and-covid-19" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.ussc.edu.au/analysis/us-china-economic-distancing-in-the-era-of-great-power-rivalry-and-covid-19</a></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">China in Numbers</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">: &#x201c;China by the Numbers: 10 Facts to Help You Understand the Superpower Today,&#x201d; by Douglas Broom, World Economic Forum, June 20, 2019</span> </div> <div><a href="https://www.weforum.org/agenda/2019/06/china-by-numbers-10-facts-to-help-you-understand-the-superpower-today/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">https://www.weforum.org/agenda/2019/06/china-by-numbers-10-facts-to-help-you-understand-the-superpower-today/</a></div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; 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padding-bottom: 0px;"> <div class="publish-container"> <a href="http://www.insideasiapodcast.com/superpower-interrupted-w-michael-schuman/"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="285" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/a93a0370-5e37-4da6-be14-704b8a5e4895.jpg"> </a> </div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"><span style="font-size: 12px;">Click photo to link and listen</span></div></div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Michael Schuman:</span></div> <div><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: bold;">Superpower Interrupted</span></div> <div> <span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">|</span><a href="http://www.insideasiapodcast.com/richard-vevers-chasing-coral/" rel="noopener noreferrer" target="_blank" style="font-size: 12px; color: rgb(54, 54, 54); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;"> </a><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif;">April 24, 2020</span><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(102, 102, 102);">&#xa0;|&#xa0;</span> </div> </div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text feature-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 16px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div> <span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">Prior to the Coronavirus outbreak, the greatest force in this part of the world was China. It&#x2019;s awesome 40-year sprint to rise from ecominic backwater to international Superpower is the stuff of legend. For the longest time, it was a tale of economic&#xa0;prowess and an apparent embrace of free-market enterprise. A sign, perhaps, of China&#x2019;s joining the economic league of nations. But appearances can be deceiving. The Middle Kingdom may have a plan of its own.The past few years suggest as much. Under the leadership of Xi Jinping, China is flexing some newfound geopolitical muscle marked by ambitious plans that speak of global expansion and smack of hubris. Two programs in particular &#x2013; The&#xa0;</span><a href="http://english.www.gov.cn/beltAndRoad/" rel="noopener noreferrer" target="_blank" style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Belt and Road Initiative</a><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;and&#xa0;</span><a href="http://english.www.gov.cn/2016special/madeinchina2025/" rel="noopener noreferrer" target="_blank" style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Made in China 2025</a><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;have received the lion&#x2019;s share of attention. But there are dozens of others that reveal China&#x2019;s newfound ambitions. From infrastructure to artificial intelligence, China is on the march.Into this vacuum comes my guest, Michael Schuman. He&#x2019;s a long-time journalist with&#xa0;</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">The Wall Street Journal</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;and&#xa0;</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Time&#xa0;</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">magazine, and author of several books. His latest:&#xa0;</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Superpower Interrupted</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">. </span> </div></div></div> </td> </tr> </tbody> </table> </div> </td> <td class="mobile-hidden layout-container" width="5" style="height: 10px; line-height: 1px; background-color: #FFFFFF; padding: 0;" align="center" valign="top" bgcolor="#FFFFFF"><img style="display: block; width: 5px; height: 10px;" alt="" width="5" height="10" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"></td> <td class="mobile-hidden layout-container" width="5" style="height: 5px; line-height: 1px; background-color: #FFFFFF; padding: 0;" align="center" valign="top" bgcolor="#FFFFFF"><img style="display: block; width: 5px; height: 5px;" alt="" width="5" height="5" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"></td> <td class="split feature editor-col OneColumnMobile" width="50%" align="left" valign="top" style="background-color: #F4F4F4;" bgcolor="#F4F4F4"> <div class="gl-contains-image"> <table class="editor-image content-image" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 0px; padding-bottom: 0px;"> <div class="publish-container"> <a href="http://www.insideasiapodcast.com/china-2020/"> <img alt="" class="" style="display: block; height: auto; max-width: 100%;" width="285" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/cfd7c84e-0587-48ec-9f3a-e543de7ebf2d.jpg"> </a> </div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"><span style="font-size: 12px;">Click photo to link and listen</span></div></div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">Jim McGregor:</span></div> <div><span style="color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">China 2020 Foresight</span></div> <div><span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| February 7, 2020&#xa0;|</span></div> </div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text feature-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 16px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div> <span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">This week, we&#x2019;re back with a program favorite, Jim McGregor. For Jim, China has been a stomping ground for more than 30 years and he brings to our conversations the thing we appreciate the most &#x2013; perspective. To truly understand China is to witness the country through the long arc of history.&#xa0;It&#x2019;s as consistent as it is surprising. In certain instances, it takes a crisis to reveal the underbelly of a nation steeped in secrecy. This time, the crises came in the form of the coronavirus, striking at the heart of China&#x2019;s Hubei Province, and resulting in the lockdown of Wuhan, one of the country&#x2019;s most essential industrial centers. The economic impact on China, and the rest of the world for that matter, has also raised concerns. 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Not an attractive prospect when staring down the barrel of a possible Recession later this year, or early next.</span> </div></div></div> </td> </tr> </tbody> </table> </div> </td> <td class="mobile-hidden layout-container" width="5" style="height: 10px; line-height: 1px; background-color: #FFFFFF; padding: 0;" align="center" valign="top" bgcolor="#FFFFFF"><img style="display: block; width: 5px; height: 10px;" alt="" width="5" height="10" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-button"> <table class="editor-button" width="100%" cellpadding="0" cellspacing="0" border="0" style="width: 100%; min-width: 100%;"> <tbody> <tr> <td class="editor-button-container editor-button-container " style="font-family: Century Gothic, Calibri, Helvetica, Arial, sans-serif; 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We touch on a wide range of topics from healthcare to finance, politics to cleantech. I hope you&#x2019;ll join us.</div></div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-web"> <table class="editor-web" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-content-editor"> <tbody> <tr> <td class="block-margin web-content" width="100%" align="left" valign="top" style="padding: 10px 20px;"> <table width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="web-content-border" align="left" valign="top" style="background-color: #F4F4F4; padding: 1px;" bgcolor="#F4F4F4"> <table width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="web-content-inner" width="100%" align="left" valign="top" style="background-color: #FFFFFF; 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