Nouriel Roubini, Nina L. Khrushcheva, Kenneth Rogoff, and more in Behind the Headlines

Also featuring Slavoj Žižek, Richard Haass, Laura Tyson, and more. [View this message in a web browser]( [PS Behind the Headlines]( JANUARY 4, 2023 [More War Means More Inflation]( [More War Means More Inflation]( [Nouriel Roubini]( sees at least five major challenges that will create new pressures on prices in the years ahead. [The Looming Financial Contagion]( [The Looming Financial Contagion]( [Kenneth Rogoff]( explains why aggressive monetary tightening might exacerbate the coming economic downturn. China’s Changing Fortunes Once the poster child for weathering global crises effectively, China is struggling to cope with the fallout from the rapid abandonment of it zero-COVID policy last month. This week at PS, Joseph S. Nye, Jr., and Joschka Fischer consider what the country’s current travails mean for the Sino-American competition and Chinese politics. --------------------------------------------------------------- [Peak China?]( [Joseph S. Nye, Jr.]( considers the country’s long-term prospects of competing with America following its latest stumbles. --------------------------------------------------------------- [COVID and the Chinese Social Contract]( [Joschka Fischer]( reflects on the broader political lessons from the country's ill-fated pandemic policy. [What in the World Will Happen in 2023?]( [Richard Haass]( thinks Japan’s emergence as a geopolitical player and Iran’s meltdown will dominate headlines this year. [Russian Muppets or American Puppets?]( [Nina L. Khrushcheva]( considers the successes and failures of Sesame Street’s 15-year run in a country the US still misunderstands. [PS Longer Reads: PS Commentators’ Predictions for 2023]( [PS Commentators’ Predictions for 2023]( [Mercedes D'Alessandro]( [Jason Furman]( [Nancy Qian]( and more identify national and global trends to look out for in the coming year. [Eating the Last Cannibal]( [Slavoj Žižek]( worries about the implications of politicians openly embracing the dark side of modern civilization. [America's New Era of Industrial Policy]( [Laura Tyson]( and [Lenny Mendonca]( assess the scope and design of the Biden administration’s big push into supply-side investment. [PS. Sign up for the PS on Sunday newsletter]( [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](.