The Evening: Dam Destroyed, Dim Global Economy, Here Comes Sunshine, and More

Critical Dam Destroyed

A critical dam along the front line in southern Ukraine was destroyed on Tuesday, sending cascades of water pouring through the breach and putting thousands of people downstream at risk. Ukraine and Russia each accused the other of blowing up the dam, which held back a body of water the size of the Great Salt Lake, as the NYT reports.

World Bank offers dim outlook for the global economy

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic, as the AP reports.

PGA-LIV Golf Merge

The PGA Tour and LIV Golf, the Saudi-backed upstart that sent the industry into chaos when it teed off last year, have agreed to a stunning merger that ends the divide that has dominated the sport for the last year, as The Wall Street Journal reports.

Executive Education

Renewing the U.S. Innovation System is a one-day executive course for insights on ongoing efforts to renew the U.S. innovation system, including the CHIPS and Science Act and its implications for business and policy decisions. This course will provide industry leaders, diplomats, and policymakers with an understanding of the pillars of the U.S. innovation ecosystem. The registration deadline has been extended to Friday, June 9.

Video Shorts

Check out CSIS’s new series of video shorts: “The Recap,” “Data Unpacked,” “Testify,” “What's Happening,” “Preview,” and “High Resolution.” And don’t forget to subscribe to the CSIS YouTube Channel!

In That Number

2.1

Overall, global growth is projected to slump to an anemic 2.1 percent annual rate this year, down from 3.1 percent in 2022, and will remain “frail” through next year, according to the bank’s latest forecast.

Source: The Washington Post

Critical Quote

iDeas Lab

​At the Summit for Democracy, businesses were invited to make specific commitments to support democratic resilience, by promoting responsible use of technology, combating corruption, supporting civic space, and empowering workers.

The Andreas C. Dracopoulos iDeas Lab at CSIS enhances our research with the latest in cutting-edge web technologies, design, and multimedia.

Optics

​A local resident stands with his bicycle in a flooded street in the town of Kherson, following flooding caused by damage sustained at the Kakhovka HPP dam, on June 6, 2023.

Recommended Reading

"Post-Launch Operations at Sohae Satellite Launching Station" by CSIS's Joseph S. Bermudez Jr., Victor Cha, and Jennifer Jun.

This Town Tomorrow

At 9:30 a.m., CSIS and the Centre for Security, Diplomacy, and Strategy host the annual Transatlantic Dialogue on the Indo-Pacific.

Later, at 3:30 p.m., the CSIS Americas Program discusses the democratic opposition in Venezuela and their significant challenges approaching presidential elections with Primary Presidential Candidate María Corina Machado.

And, at 10:00 a.m., Brookings hosts a conversation on U.S. maritime interests.

Video

Today, the CSIS Australia Chair hosted Australian Ambassador to the U.S. Kevin Rudd for a special discussion on Australia's expanding role in the Indo-Pacific. Watch the video here.

Podcasts

CSIS's Matt Goodman and J. Stephen Morrison unpack developments from the recent G7 Summit in Hiroshima.

Listen on Spotify & Apple Podcasts.

Smiles

There are too many smiles on the current Dead & Company tour to ignore. The band played just outside of DC this past weekend, a homecoming for Sidwell Friends graduate, Dead & Co. bassist Oteil Burbridge. Scroll to 13:05 and enjoy the sunshine.

I invite you to email me at aschwartz@csis.org and follow me on Twitter @handrewschwartz