“Pity Russian savers. In June, the Russian Finance Ministry announced its support for draft legislation to transfer nearly $40 billion in private pension savings into government coffers. Later that month, Russian Communist Party leader Gennady Zyuganov encouraged President Vladimir Putin to make the most of the almost $1.8 trillion that Russian firms and individuals hold in bank accounts to support state finances. According to Zyuganov’s calculations, ‘that is three state budgets … sitting there and enriching bankers.’ Pondering whether the Russian economy will collapse is in fashion these days—but that may be the wrong question to ask. The better question is which sources of politically affordable money the Kremlin can still tap to finance military expenses while maintaining social stability.” (07/27/26)
“In the 2002 movie My Big Fat Greek Wedding, the father of the bride claims that Windex, a US glass cleaning product, can cure all known medical conditions. I was reminded of that scene when I heard Donald Trump prescribe tariffs as a remedy for diarrhea last week. The Center for Disease Control has recently registered more than 4,000 cases of a disease suspected to be cyclosporiasis, an intestinal illness, transmitted through food. The suspect is shredded lettuce, grown in Mexico and exported to Taco Bell fast-food chains across the US. When a reporter asked him about the outbreak, Trump threatened to put a tariff on imported Mexican lettuce to control the spread of the parasite.
The President may not have been serious about the lettuce tariff, but he is serious about tariffs in general.” (07/27/26)
“To date, ‘Emperor Commodus of Covfefe’s’ illegal, disastrous, dim-witted Iran ‘excursion,’ a mangling of ‘incursion’ and global clusterfuck with no clear mission, strategy, end goal or clue, has killed over 3,500 Iranians, many of them women and children, wounded over 26,500, and razed much of that country’s infrastructure, including fresh water sources. At least 18 U.S. troops have been killed, with up to 500 wounded. A quarter of the world’s oil is held hostage across two vital straits, at least 70% of Americans oppose the war, recession-level prices here loom, and rage, especially among Muslim nations, is palpable …” (07/26/26)
“Western strategists tend to read foreign powers through their own reflection. Having watched Britain, France, Germany, and their own country climb the ladder of empire through conquest and colonies, they assume any ascendant state will reach for the same rungs. Yet imputing European motives to an Asian civilization mistakes a particular history for a universal instinct. China’s rise unfolds inside a geography and a culture that make the sort of quick, broad conquest campaigns that defined European great powers extraordinarily hard to carry out.” (07/27/26)
“For over a decade, the FBI had been immersed in a vast, costly, but indisputably critical effort to build a modern digital case-management system. The bureau well understood the importance of information: gathering, organizing, sharing, assessing, and putting it to use to fight crime and protect national security. Yet what followed were countless missteps and misjudgments, more than $1 billion of public money squandered, and the worst terrorist attack on American soil since Pearl Harbor. And it still took more than 10 years to get it right.” (07/27/26)
Source: The American Conservative
by Ted Snider & Nicolai N Petro
“On January 14, 2026, Mykhailo Fedorov was appointed Ukraine’s minister of defense. Just six months later, he was dismissed. One of Fedorov’s principal tasks, bigger even than addressing the shortage of Patriot interceptors, had been reforming his country’s recruitment and mobilization system. But manpower shortages remain a chronic issue …. But the real reason behind his firing may be something else—namely the risk of exposing the popular myth of how Ukraine has turned the tide both in the war and in its internal fight against domestic corruption.” (07/27/26)
“Homeschooling rates have steadily risen since the COVID-19 pandemic, when the difficulties of remote learning inspired many parents to pull their kids from school. This era exposed many parents to the widespread failures of the American education system. Many were confused why skyrocketing educational spending was not reversing plummeting student achievement nationwide.” (07/26/26)
“Since the US and Israel first struck Iran in February, the Trump administration has several times stopped fighting to negotiate, only to later escalate the war again. This may be because, as Michael Froman of the Council on Foreign Relations, a nonpartisan US foreign policy think tank, wrote on Friday, Trump is taking a middle-ground, simultaneous military and diplomacy approach to prevent extreme political fallout. He wants to avoid complete targeting of Iranian critical infrastructure and seizing oil with a military invasion or conceding to Iranian control of oil shipping through the Strait of Hormuz.” (07/26/26)
“The future is arriving, and America is entering a new infrastructure age. Much of the political class is succumbing to a familiar temptation: slow it down by stoking fear of the unknown and imagining worst-case scenarios without acknowledging the benefits. Nowhere is this clearer than with data centers.” (07/27/26)
