Abe Shinzō, Stephen S. Roach, Mark Leonard, and more in Behind the Headlines

Also featuring Antara Haldar, Mohamed A. El-Erian, Robert D. Kaplan, and more [View this message in a web browser]( [PS Behind the Headlines]( SEPTEMBER 28, 2022 [Realizing a Free and Open Indo-Pacific]( [Realizing a Free and Open Indo-Pacific]( [Abe Shinzō]( set out his vision for the region less than one month prior to his assassination in July. [Giorgia Meloni's Moment]( [Giorgia Meloni's Moment]( [Bill Emmott]( sees little difference between the Brothers of Italy’s program and that of recent right-wing governments. The Fed's Fumbles The US Federal Reserve has undoubtedly faced much criticism for its handling of recent inflation. Following the central bank’s third-straight 75-basis-point interest-rate hike – a move that exacerbated pressure on stocks and bonds – Stephen S. Roach and Mohamed A. El-Erian assess the causes and consequences of recent policy blunders. --------------------------------------------------------------- [Core Dangers for the Fed and China]( [Stephen S. Roach]( thinks the US central bank and Chinese governance share a conceptual weakness leading to major policy blunders. --------------------------------------------------------------- [The Cost of the Fed's Challenged Credibility]( [Mohamed A. El-Erian]( interprets the latest market tumult as the price of delaying monetary-policy tightening for too long. [Preparing for the Long War]( [Mark Leonard]( thinks Europeans should plan for a prolonged conflict despite Ukraine’s recent gains. [God Save the Pound?]( [Andrés Velasco]( explains why sterling is plummeting when economic theory says it should be soaring. [PS Big Question: Should Energy Companies’ Windfall Profits Be Taxed?]( [Should Energy Companies’ Windfall Profits Be Taxed?]( [John H. Cochrane]( [Daniel Litvin]( [Yanis Varoufakis]( and [Isabella M. Weber]( assess the wisdom of taxing energy firms’ windfall profits. [Russia, Iran, and the Perils of Post-Autocracy]( [Robert D. Kaplan]( warns that the collapse of a despotic regime more often leads to a political void than to a healthy democracy. [Amazon's Satanic Mills]( [Antara Haldar]( sees recent unionization efforts as a welcome response to an unethical and inhumane business model. [Register now for Investing in Health for All, streaming live on October 3 at 1:30 PM CEST]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.