While headlines, industry hype and employers suggest a near-term revolution that will make workers more efficient and successful, [Daron] Acemoglu offers a more measured—and unsettling—view.

He agrees that recent advances, particularly in “agentic” AI, are moving faster than expected, but that today’s systems fall short when it comes to reliability, reasoning and real-world understanding. That means any sweeping, immediate transformation of jobs and productivity remains unlikely in the near-term. But the uncertainty about what comes next is higher than ever, and Acemoglu warns that tech giants are overwhelmingly focused on replacing workers rather than complementing them. This, Acemoglu says, risks both weaker productivity gains and serious social consequences.

Read it all.

Nobel Prize–winning economist Daron Acemoglu warns that multiple factors are driving a labor-replacement model, with dire consequences for society https://t.co/XWEYwny4Fa

— Bloomberg (@business) March 18, 2026

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

Read it all.

Happy Solemnity of Saint Joseph 😇🥳🙏

Icon by the hand of Annette Lawrence dmj pic.twitter.com/ftLwfiRuep

— Sister Walburga (@SisterWalburga) March 19, 2026

O God, who from the family of your servant David raised up Joseph to be the guardian of your incarnate Son and the spouse of his virgin mother: Give us grace to imitate his uprightness of life and his obedience to your commands; through Jesus Christ our Lord, who lives and reigns with you and the Holy Spirit, one God, for ever and ever.

SAINT JOSEPH, EPOUX DE LA BIENHEUREUSE VIERGE MARIE.
« Il l’a sanctifié dans sa foi et dans sa douceur, et il l’a choisi entre tous les hommes. » (Qo 45)
[Guido Reni, 1640] pic.twitter.com/7BtbfoyJmo

— Gloria ! (@Gloria_T_Domine) March 19, 2026

I am not, by temperament, a gambling man. As a suburban dad with four kids, a mortgage, and a minivan, I’m more likely to be found wrestling a toddler into a car seat than scouring moneylines or consulting betting touts. And as a practicing Mormon, I am prohibited from indulging in games of chance. Besides, I had always thought of gambling as a waste of time. This makes me an outlier among my generational peers: Since 2018, Americans have wagered more than half a trillion dollars on sports, and roughly half of men ages 18 to 49 have an active account with an online sportsbook.

When I set out to report on the sports-betting industry—its explosive growth, its sudden cultural ubiquity, and what it’s doing to America—my editors thought I should experience the phenomenon firsthand. Mindful of my religious constraints, they proposed a work-around: The Atlantic would stake me $10,000 to gamble with over the course of the upcoming NFL season. The magazine would cover any losses, and—to ensure my ongoing emotional investment—split any winnings with me, 50–50. Surely God would approve of such an arrangement, my editors reasoned, because I wouldn’t be risking my own hard-earned money.

This spiritual loophole intrigued me. But for the sake of my soul, I decided I’d better consult a higher ecclesiastical authority than The Atlantic’s masthead.

A few days later, I sat across from my bishop, explaining the experiment and watching a look of pastoral concern come over his face. After some consideration, he said (a bit tentatively, if I’m being honest), “I don’t think you’re doing anything wrong.” He grasped the difference between gambling with my own money and using my employer’s for research purposes. But he had also seen too many lives wrecked by vice to let me leave without a warning. He told me stories he’d heard about upstanding family men who had let an initially modest gambling habit ruin them, and a cautionary tale about a churchgoing lawyer who developed an unhealthy curiosity about sex work after handling a prostitution case and wound up devastating his family.

I promised the bishop that I would steer clear of slippery slopes. “This will really just be a journalistic exercise,” I assured him.

Read it all.

The Atlantic: Sucker – My year as a degenerate gambler – A fantastic longform article on gambling https://t.co/9ShN6LGFwD

— Aaron M. Renn 🇺🇸 (@aaron_renn) March 13, 2026

President Donald Trump’s war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike.

For Europe, sustained higher energy prices would take the economy to the brink of recession. For the US, they would place the Federal Reserve in an impossible position — stuck between a war that pushes inflation higher and a president demanding that interest rates come down. For China, the end of discounted Iranian oil imports adds to strain from Trump’s tariffs and a real estate collapse.

In the first days of the fighting, the intensity is high and the endgame uncertain. Bloomberg Economics has modeled scenarios for what lies ahead, and what they mean for oil prices, major economies, and the future of Iran.

It is, of course, possible that Washington and Tehran find an off-ramp, oil settles back at its pre-escalation average of $65 a barrel, and the global economy dodges a blow.

The latest signs, though, suggest there’s worse to come….

Read it all.

The war in Iran threatens to unleash a wave of inflation at a time when economies worldwide are already in a tight spot. Read more in the Canada Daily newsletter. https://t.co/iWX5sR3kZB

— Bloomberg (@business) March 4, 2026

In 1973 a club of Arab petrostates held the world to ransom by halting crude-oil exports to countries they accused of supporting Israel. Petrol prices soared; Western economies buckled. Today the danger is that China will use its grip on other natural resources to achieve its aims, such as seizing Taiwan. It has already shown its power by choking off exports of rare-earth metals last year. That is why America is staging its biggest intervention in commodity markets in decades.

The battleground is the supply of “critical” metals, a group of minerals vital to making military, electrical and computing infrastructure—everything modern economies need to be safe, high-tech and green. China supplies most of these: it mines about 80% of the world’s tungsten, for instance, and refines 99% of its gallium. This is spurring America into an all-out campaign to diversify its sourcing of 60 minerals. It has pledged billions of dollars to dozens of mining projects at home and abroad, floated plans to create price floors and trade blocs, and announced a vast stockpile to cover months of national needs. The risk now is that America depends too much on its scattershot efforts—and that, in seeking control, it breaks the flexible and resilient system of market incentives that ensures the smooth functioning of the global economy.

China’s grip on critical minerals has exposed the West’s most serious strategic weakness in many years. Last April, during its trade war with America, China restricted exports of seven crucial rare earths; it targeted another five in October. Nearly a third of Pentagon procurement programmes faced the risk of shortages, as did industries from carmaking to renewable energy. The prospect of large-scale disruption prodded President Donald Trump into a trade truce with Xi Jinping, as well as a relaxation of American controls on some technology exports. Yet Mr Xi can deploy the weapon again whenever he chooses. Meanwhile, exports of rare earths for dual-use applications—the expanding grey zone between military and civilian uses—remain largely barred, sapping Western efforts to rearm….

Read it all.

America is racing to break China’s chokehold on critical minerals—but its approach has flaws. It should follow three principles https://t.co/t5SkUsYgjf pic.twitter.com/BgoWViJBZv

— The Economist (@TheEconomist) February 26, 2026

Donald Trump’s new 15 per cent global tariff will most greatly benefit countries he has singled out for heavy criticism, including China and Brazil, data analysis shows.

An examination of the new regime by independent trade monitoring body Global Trade Alert found that Brazil will enjoy the biggest reduction in average tariff rates — falling by 13.6 percentage points — followed by China, with a 7.1 percentage point reduction.

Long-standing US allies including the UK, the EU and Japan will suffer the largest hit from the new levy, which the US president introduced after the Supreme Court ruled much of his previous trade policy unlawful on Friday.

Read it all.

Trump’s new flat-rate tariff will boost China and Brazil https://t.co/lGsVynEEwa

— Financial Times (@FT) February 22, 2026

The Supreme Court’s 6-3 decision on Friday wiping out a chunk of President Donald Trump’s tariff regime is a triumph for the Constitution’s separation of powers and the individual liberty that it protects.

The decision by Chief Justice John G. Roberts Jr. says nothing about whether the tariffs are good or bad policy. But it recognizes that they are a major tax, and that raising revenue is a “distinct” power that belongs to Congress. There’s a reason the 18th century American revolutionary slogan was “no taxation without representation.” Taxing citizens without consent from their elected representatives is antithetical to the American project.

Congress never approved the worldwide tariffs at issue in the case. Trump told the court they were authorized by a 1977 law, the International Emergency Economic Powers Act. No president has used IEEPA to impose tariffs, but it contains the phrase “regulate … importation.” Trump said that was sufficient authorization for him to throw out the rest of the tariff schedules and set import taxes however he pleased.

Roberts saw the flimsiness of that reasoning. “Based on two words separated by 16 others,” he wrote, “the President asserts the independent power to impose tariffs on imports from any country, of any product, at any rate, for any amount of time. Those words cannot bear such weight.” Indeed. The executive branch can’t be allowed to grab hundreds of billions of dollars from the American people on such a thin legal basis.

Read it all.

The Supreme Court’s decision to invalidate the Trump administration’s broad tariffs strips the president of a central instrument of his foreign policy, undercutting his ability to coerce global leaders and reshape world order in his second term.https://t.co/mktSe8eQIw

Starting with the 2024 decision that gave President Trump substantial immunity from prosecution and continuing through a score of emergency orders provisionally greenlighting an array of his second-term initiatives, Mr. Trump has had an extraordinarily successful run before the Supreme Court.

That came to a sudden, jolting halt on Friday, when Chief Justice John G. Roberts Jr., writing for six members of the court, roundly rejected Mr. Trump’s signature tariffs program. It was the Supreme Court’s first merits ruling — a final judgment on the lawfulness of an executive action — on an element of the administration’s second-term agenda. It amounted to a declaration of independence.

It also served as another in a series of clashes between the leaders of two branches of the federal government cut from very different cloth: the controlled, cerebral chief justice and the biting, brazen president.

Read it all.

The Supreme Court’s Declaration of Independence https://t.co/c3j3a7tlnQ via @NYTimes

— Luba Howard 🇺🇦 (@marynlm) February 20, 2026

It’s hard to recall a regulator who has done as much damage to medical innovation in as little time as Vinay Prasad. In his latest drive-by shooting, the leader of the Food and Drug Administration’s vaccine division rejected Moderna’s mRNA flu vaccine without even a cursory review. This is arbitrary government at its worst.

The FDA rarely refuses to review a drug or vaccine application. Our sources say the FDA has rejected only about 4% of applications without a review, typically when they are missing important information. That wasn’t the case with Moderna.

Dr. Prasad spiked Moderna’s flu vaccine because its Phase 3 trial was putatively not “adequate and well-controlled.” He quibbled that the control group in Moderna’s late-stage trial didn’t receive the “best-available standard of care.” He decides what is “best.”

Moderna launched a global randomized controlled trial in September 2024 with 41,000 participants, half of whom received its vaccine. The other half received a standard flu vaccine as a control. The FDA blessed its trial design, and agency staffers gave Moderna a thumbs up to apply for approval last August based on the results. Its vaccine was 27% more effective at preventing symptomatic cases of flu and 49% more effective against hospitalization than the standard flu vaccine.

Read it all.

The WSJ Editorial Board weighs in:
“It’s hard to recall a regulator who has done as much damage to medical innovation in as little time as Vinay Prasad. In his latest drive-by shooting, the leader of the Food and Drug Administration’s vaccine division rejected Moderna ’s mRNA flu…

— Amy Siskind 🏳️‍🌈 (@Amy_Siskind) February 13, 2026

As the Trump administration stymies hundreds of commercial solar and wind projects nationwide, legislators in 24 states want to literally put the power in the hands of the people by allowing modest solar energy systems on balconies, porches and backyards.

Last year, in an unanimous vote, Utah became the first state in the nation to pass a law allowing residents to plug small solar systems straight into a wall socket. These systems, which retail for around $2,000, produce enough electricity to power a laptop or small refrigerator.

In just a matter of months, legislators in 23 other states have announced similar bills, including California and New York. If passed, the legislation would eliminate one of the technology’s biggest barriers in the United States: homeowners or renters could install plug-in panels systems, in most cases up to 1200 watts, without approval from their local utility.

Proponents also hope the bills speed the development of a set of safety standards that could open the floodgates to wider adoption.

Read it all.

NYTimes: 24 States Weigh Legislation To Allow You To Make Your Own Electricity With Small, Plug-In Solar Power Systems https://t.co/4EU7CMaxaw

— PA Capitol News (@PaCapitolNews) February 11, 2026

The first four months of fiscal year 2026 got off to an expensive start for the U.S., according to the latest estimates from the Congressional Budget Office (CBO) .

The CBO released a report yesterday detailing that, for the first third of FY26 (which began in October), the U.S. government operated at a deficit, and so borrowed $696 billion. That included $94 billion in January alone, and works out to an average of $43.5 billion for each of the 16 weeks of the four months since.

While America’s government spending outweighs its revenue generation, its finances are also negatively compounded by the interest payments needed to maintain its debt. Total national debt now sits at more than $38.5 trillion. U.S. GDP is about $31 trillion, according to the Federal Reserve Bank of St. Louis.

Read it all.

"America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026" https://t.co/2PBD5escW8 pic.twitter.com/rTJXR6L30A

— Scott Lincicome (@scottlincicome) February 10, 2026

‘In large corporations and administrations, justification and self-protection have become the primary motive in place of achievement. In this world, intuition is not talked about openly, but relied on surreptitiously.’

–Gerd Gigerenzer, The Intelligence of Intuition (Cambridge: Cambridge University Press, 2023)

Gerd Gigerenzer:

Why simple rules of thumb often outperform complex models.https://t.co/FrPo8Csqfd

— GuruAnaerobic (@GuruAnaerobic) March 2, 2021

Those who believe in Elon Musk are convinced both by his vision to go where no one has ventured before and his ability to pay for it—what some call the “Elon backstop”. Mr Musk’s announcement on February 2nd that he will merge SpaceX, which builds rockets and sells satellite broadband, with xAI, his artificial-intelligence lab, was not short of ambition. The world’s richest man declared that the new company would “extend the light of consciousness to the stars”. Back on Earth, however, it is getting harder to see how Mr Musk’s numbers add up.

The transaction values the new entity at $1.25trn; investors in SpaceX will be entitled to 80%, with the remainder going to xAI’s owners (Mr Musk holds a controlling stake in both). The stated rationale behind the tie-up is that the companies will work together to launch a fleet of data centres into space, giving xAI a big advantage in the race to develop cutting-edge models while furnishing SpaceX with a new line of business. More immediately, combining the two could further boost interest in a public listing expected this summer.

By bringing SpaceX and xAI together, however, Mr Musk is saddling a money-spinning space champion with a loss-making AI laggard. At the same time, he is reshaping Tesla, the carmaker he runs, into a “physical-AI company” focused on self-driving taxis and humanoid robots. If the latest wave of AI proves as transformative as some expect, these bold gambles might just pay off. If not, Mr Musk’s business empire could well be in jeopardy.

Read it all.

The fates of xAI, SpaceX and Tesla are increasingly intertwined https://t.co/UlUWKowPVk

— The Economist (@TheEconomist) February 4, 2026

President Trump announced on Friday that he was nominating Kevin M. Warsh to serve as the next chair of the Federal Reserve, positioning the former central bank governor to take a pivotal role in steering an institution that has faced a barrage of attacks from the administration over its reluctance to more aggressively lower interest rates.

In a post on Truth Social, Mr. Trump praised Mr. Warsh, saying, “He will go down as one of the GREAT Fed Chairmen, maybe the best.”

“On top of everything else, he is ‘central casting’ and will never let you down,” the president wrote.

Mr. Trump repeated that line during remarks at the White House and said that while he did not get a commitment from Mr. Warsh to cut rates, he expected that he would do so.

Read it all.

President Trump picks a reinvented Kevin Warsh as the next chair of the Fed. Warsh, who served on the US central bank's Board of Governors from 2006 to 2011, would succeed Jerome Powell when his term ends in May. As a Fed governor from 2006-11, Warsh called for higher rates even… pic.twitter.com/qtG5DGUtUv

— Holger Zschaepitz (@Schuldensuehner) January 30, 2026

Investors are betting the Trump administration will run the economy “hot” ahead of midterm elections, with buoyant stocks and a weaker dollar reflecting expectations of strong growth and rising inflation.

A string of robust economic data has defied predictions of a slowdown in the US, sending credit spreads to the tightest levels of the century and helping stocks hit fresh record highs this month.

At the same time, fund managers said there is a growing belief that President Donald Trump’s tax cuts, deregulation push and campaign for lower interest rates will add more fuel to the economy this year, as the president seeks to bolster support ahead of November’s congressional polls. “There is a carefully engineered plan to have the US economy humming into the summer,” said Arif Husain, head of global fixed income at T Rowe Price.

Read it all.

Investors bet on ‘hot’ US economy heading into midterm elections https://t.co/Qs7rCZ017g

— Financial Times (@FT) January 28, 2026

Most years, presidents don’t have much impact on the economy; it is just too big and complicated.

This year won’t be like most years. President Trump is taking unprecedented steps to run the economy hot, and there is an excellent chance he’ll succeed.

Washington has three big levers that affect growth: fiscal policy (taxes and spending), monetary policy (interest rates) and credit policy (the ease of borrowing). Historically, they were not coordinated: Fiscal policy followed the congressional cycle, monetary policy was set by an independent Federal Reserve and credit policy reflected often random decisions by regulators.

This year, all three are dialed toward stimulus, reflecting a single-minded focus by Trump and congressional Republicans on faster economic growth. They hope that will deliver victory in the November midterm elections.

In the process, they are compromising other goals: taming debt, Fed independence and long-term financial stability. The consequences of that come later.

Read it all.

Under my taxonomy, there are 3 macro policy levers: fiscal, monetary and credit. This year, Trump has dialed all 3 towards stimulus in order to run the economy hot. This is unprecedented, and will probably work. The costs come later. https://t.co/7RTaSK2I5D

— Greg Ip (@greg_ip) January 14, 2026

An online Christmas service designed for people working shifts will be released on the Church of England website at 6 a.m. on Christmas Day.

Lasting 15 minutes, so that it can be watched in the course of a break from work, the service was created in response to a request by hospital chaplains, and includes a Gospel reading, sermon, prayers, and music.

The Bishop of London, the Rt Revd Sarah Mullally, features in the service. A former nurse, and Chief Nursing Officer for the NHS, she says that she has “fond memories” of working on Christmas Day.

“Although not always easy, it is a privilege to be with people who need us most at this time. And of course, we receive so much from them too.”

Read it all.

An online Christmas service designed for people working shifts will be released on the Church of England website at 6 a.m. on Christmas Day.https://t.co/dVHP8yQ3VK

— Church Times (@ChurchTimes) December 24, 2025

Corporate America’s latest hot job is also one of the oldest in history: storyteller.

Some companies want a media relations manager by a slightly flashier name. Others need people to produce blogs, podcasts, case studies and more types of branded content to attract customers, investors and potential recruits. All seem to use the word differently than in its usual application to novelists, playwrights and raconteurs.

“As storytellers,” a Google job ad said last month, “we play an integral role in driving customer acquisition and long-term growth.”

The listing sought a customer storytelling manager to join the company’s Google Cloud storytelling team. One article the unit published this year was titled, “Lowe’s innovation: How Vertex AI helps create interactive shopping experiences.”

Microsoft’s security organization meanwhile is recruiting a senior director overseeing narrative and storytelling, described as part cybersecurity technologist, part communicator and part marketer. Compliance technology firm Vanta this month began hiring for a head of storytelling, offering a salary of up to $274,000. Productivity app Notion recently merged its communications, social media and influencer functions into one 10-person, so-called storytelling team.

Read it all.

The hot new job at tech companies is leading "storytelling."

The term doubled on LinkedIn job posts in the U.S since last year. The WSJ writes:

"Compliance technology firm Vanta this month began hiring for a head of storytelling, offering a salary of up to $274,000."… pic.twitter.com/TQzUXPwl8g

— Natalie Sportelli (@N_Sportelli) December 15, 2025

What uses of AI are in your life that the rest of us might not yet have?

Yesterday, I stayed up far too late watching a film and afterwards, I added to a table that I’ve made in Copilot, which basically records all the films I love, lists them by date. I add my personal notes, it gives me a link to the film poster. I can keep just saying, What would be a similar one?

It’s possible to ask your AI to do pretty much any knowledge work task — just like you might ask an assistant to organize your life. The more obscure, creative [and] challenging the task you’re going to ask your AI, the better. 1

¹ Suleyman also appears to be a keen reader; the bookshelf behind him in Seattle offered a glimpse of his tastes. Titles included the most recent books by Michael Wolff and Robert Kaplan, as well as The Tech Coup: How to Save Democracy from Silicon Valley, and Gaza: An Inquest Into Its Martyrdom.

Have you used AI for autonomous tasks? Has it booked tickets or bought a gift for you? I know this is the promise of Copilot Actions — it’s just not available in my region, so I haven’t been able to try it myself.

We’re still experimenting. It can do it. It doesn’t always get it right. It’s in ‘dev mode,’ so not generally available just yet.

When it does work, it is the most magical thing you’ve ever seen. It essentially types stuff into your browser, clicks on buttons, opens up new tabs. It can look at your history, [and] personalize the purchase or the response to you.

Read it all.

AI is “already superhuman,” says Microsoft AI chief Mustafa Suleyman in a Weekend Interview that touches on medical superintelligence, AI talent wars and Copilot as a companion. https://t.co/sVwI0jOVLA a través de @business pic.twitter.com/JmGRqTAEkX

— maria betancur n (@mariabetancur9) December 12, 2025

Is the billable hour about to become a thing of the past?

It seems inevitable, at least for lawyers and other professional-services firms, because as artificial-intelligence capabilities accelerate, the fundamental logic of charging for time spent rather than value delivered is becoming increasingly untenable.

The billable hour as the fundamental unit of business for professional services is so
widespread that it’s difficult to remember that it is a fairly recent innovation, becoming prevalent in the 1960s and 1970s. Before that, many lawyers and other professionals billed for outcomes achieved or services rendered, not for time.

Many say the seed for the billable hour was planted in the early 1900s by a young lawyer named Reginald Heber Smith, who implemented a time-tracking system for lawyers during his tenure as counsel to the Boston Legal Aid Society, which provided legal services to the poor. He wanted lawyers to track how they were spending their time, not for billing purposes but to find ways to improve the efficiency of the team, which had a limited budget….

Read it all.

Could AI make billable hours obsolete?https://t.co/E0lvwETo3p

"Widespread AI adoption could render the billable hour obsolete, a business expert argued. Lawyers, public relations pros, and consultants are outsourcing more work to bots, so the logic of charging for time —… pic.twitter.com/nEok6qU1v2

— Bob Pickard (@BobPickard) December 5, 2025

Japan is sailing dangerously close to the wind. The most indebted state in the world is taunting markets with one of the least justifiable plans for extra debt issuance.

The fiscal irresponsibility is perhaps no worse than in America, France or Labour’s welfare Britain, but right now it is Japan that is in the sights of the bond vigilantes.

Yields on Japanese debt have spiked wildly across the maturity curve since Sanae Takaichi took power six weeks ago and shocked investors with a “low quality” fiscal expansion of $135bn (£101bn), including such gems as rice vouchers and subsidies for fossil fuels – ploys to mask the inflationary consequences of her own policies.

The scale of this populist misadventure is sending tremors through the international financial system, as well as horrifying the economic establishment in Tokyo.

The benchmark 10-year bond yield jumped to 1.94pc in intraday trading in Tokyo, up from 1.79pc a week ago and a whisker shy of highs last seen in 1997. The speed of the move in the once-glacial $12tn market for Japanese public and private debt is almost frightening.

Read it all.

Japan’s false Thatcher is blowing up a $12tn bond market https://t.co/gLGSs085PM

— B2Investor (@B2Investor) December 5, 2025

In September, a wave of 19 Russian drones crossed into Polish airspace. The Gerbera-type drones cost as little as $10,000—so cheap that they are often used as decoys to misdirect and overwhelm Ukrainian air defenses. NATO countered with a half-billion-dollar response force of F-35s, F-16s, AWACS radar planes, and helicopters, which shot down four of the drones with $1.6-million AMRAAM missiles.

This is a bargain compared to how challenging U.S. forces have found it to defend against Houthi forces using this same cheap tech. Our naval forces have fired a reported 120 SM-2, 80 SM-6, and 20 SM-3 missiles, costing about $2.1 million, $3.9 million, and over $9.6 million each. And this is to defend against a group operating out of the 187th-largest economy in the world, able to fire mere hundreds of drones and missiles. Our supposed pacing challenge, China, has an economy that will soon be the largest in the world and a combined national industrial and military acquisition plan to be able to fire munitions by the millions.

Even in America’s best-laid plans for future battlefields, there is a harsh reality that is too often ignored. The math of current battlefields remains literally orders of magnitude beyond what our budget plans to spend, our industry plans to build, our acquisitions system is able to contract, and thus what our military will deploy.

Read it all.

"When you spend orders of magnitude more than your foe, you are in what is known as a “losing equation.” https://t.co/hUVfR4sw66 pic.twitter.com/OW3w9kuGhM

— Peter W. Singer (@peterwsinger) December 3, 2025

Europe is breathing a sigh of relief. On December 2nd Donald Trump’s envoy, Steve Witkoff, held lengthy talks about Ukraine with Vladimir Putin in Moscow—and not much happened. Many had been expecting Team Trump to sell out Ukrainian sovereignty in return for commercial deals. The risk of such an odious stitch-up now seems to have receded a bit. Thanks to pressure from European leaders and some sensible Republicans, including the secretary of state, Marco Rubio, some of the worst elements of a 28-point plan hatched by Mr Witkoff and his Kremlin chum, Kirill Dmitriev, have quietly been dropped. Mr Putin seems unenthusiastic about the current version. Mr Trump now says the whole thing is “a mess”. Diplomacy, like the war, will grind on.

But if European governments think they are off the hook, they are wrong. First, another bad pseudo-peace plan could pop up. Second, even if it doesn’t, Ukraine will need solid military and financial support for the foreseeable future, and it will have to come from Europe. It is still not clear that Europeans grasp this.

When Mr Putin first launched his full-scale, unprovoked invasion, Europe did the right thing. The EU and others imposed stiff sanctions on Russia and gave military and financial aid to Ukraine, roughly matching the level of support from America. But that united front depended on the White House agreeing that territorial aggression should not be rewarded. Mr Trump has blown that consensus apart. Now, the $90bn-100bn it costs each year to support Ukraine’s war effort, a burden previously divided evenly, must be shouldered by Europe alone. The maths is brutal, as we analysed earlier this year. Until a durable peace arrives, Europe must keep paying what it did before—and then find an extra $50bn a year.

Russia may be advancing on the battlefield, but only slowly and at a huge cost in men and money…

Read it all.

On Tuesday Donald Trump’s envoy, Steve Witkoff, held lengthy talks about Ukraine with Vladimir Putin in Moscow—and not much happened. But if European governments think they are off the hook, they are wrong https://t.co/LrJSfsETpF

— The Economist (@TheEconomist) December 3, 2025

Europe is now caught somewhere between war and peace.

In recent weeks, drones appearing mysteriously above airports and halting flights have made headlines. Those are just the tip of the iceberg.

Germany alone has three drone incursions a day on average—over military installations, defense-industry facilities and critical infrastructure points—according to a previously unreleased tally by German authorities.

Drones are part of an intensifying barrage that European leaders suspect Russia is directing at the continent over its support for Ukraine. It includes sabotage, cyberattacks and disinformation campaigns.

“We are not at war” with Russia, German Chancellor Friedrich Merz said recently, “but we are no longer at peace either.”

For Russia and the West’s other adversaries, including China, Iran and North Korea, small-scale action can yield big payoffs. Moscow is bogged down militarily in Ukraine and so would struggle to engage members of the North Atlantic Treaty Organization in conventional combat. Instead, malicious activities that are often dubbed hybrid war or gray-zone conflict let the Kremlin challenge its adversaries without overt hostilities.

Read it all.

Michael Claesson, Sweden’s chief of defence staff, told the Financial Times that Russia was combining "sabotage, special operations, even attacks against individuals" with attacks on critical infrastructure and "exploiting vulnerabilities in the information environment" in order… pic.twitter.com/Qtlm7vvZum

— Anton Gerashchenko (@Gerashchenko_en) November 23, 2025

Bishops and charities, praising the removal of the two-child benefit cap, say that it will lift hundreds of thousands of children out of poverty. The change was announced in the Autumn Budget by the Chancellor, Rachel Reeves, on Wednesday afternoon.

The former Prime Minister Gordon Brown congratulated faith leaders who had long called for the policy, which had been introduced by the Conservative Chancellor George Osborne shortly after the 2015 General Election, to be scrapped.

“From April, nearly half a million children will be lifted out of poverty, thanks to their campaign, for which I thank all religious leaders,” he told the Church Times.

The Church of England’s lead bishop for child-poverty issues, the Bishop of Leicester, the Rt Revd Martyn Snow, said that the decision would “make a profoundly positive difference to hundreds of thousands of children and their families.

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Bishops and charities celebrate Chancellor’s removal of the two-child benefit caphttps://t.co/vAqwlYmJVb

— Madeleine Davies (@MadsDavies) November 26, 2025

About half of American jobs could be replaced by artificial intelligence, according to a report by the McKinsey Global Institute.

The American consultancy’s analysis found that robots and AI agents could automate more than half of US work hours, both mental and cognitive, using technology that is available today, if companies redesigned how they did things.

Most of the roles at risk — about 40 per cent — involve the kinds of drafting, processing information and routine reasoning that AI agents can do. Hiring is slowing in some such jobs, such as among paralegals, administrative and office support workers and programmers, the research found.

Similarly, dangerous, physical jobs, in warehouses or operating machines, are most likely to be replaced by robots, McKinsey said.

Conversely, a third of US jobs would be difficult to replace with AI because they have uniquely human attributes, such as nursing, the analysis found. Some 70 per cent of the tasks performed by carers and other healthcare workers require the kind of physical presence, empathy, care and dexterity that machines cannot replicate.

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AI could, in theory, automate 57% of US work hours. Yet most human skills remain relevant.

The future of work is not human or machine – but a partnership between people, agents, and robots.

Read our latest research on skill partnerships in the age of AI: https://t.co/h1K56uPqPo pic.twitter.com/wjROZzTQ1q

— McKinsey Global Institute (@McKinsey_MGI) November 25, 2025

The Chancellor has been urged to retain a tax scheme for listed places of worship, as a survey was published today showing the majority of the UK population backs Government support to help churches pay for repairs to their buildings.

A poll shows that two in five people, or 43 per cent of all adults, report having had contact with their local church, the majority of these, or 53 per cent, for services and worship but also 23 per cent – nearly seven million people in the UK – for community support such as parent toddler groups, lunch clubs and food banks. An estimated 2.8 million people – or 4 per cent of the UK population – have been in contact with their local church for a food bank. Church of England churches run or support 31,300 social action projects, including nearly 8,000 food banks, with emergency food provision and community cafés on the rise.

More than three quarters of the population – 77 per cent – said historic cathedrals and churches are local and national treasures. And two in five – 41% – said they had visited a church or cathedral simply to find a quiet space for reflection or prayer, with this figure rising to 50 per cent amongst young adults in the 18 to 34 age range.

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Government urged to keep VAT grants for church repairs, amid survey showing millions in touch with their local churches. CofE news: https://t.co/nOJDKcPENE

— Church of England in Parliament (@churchstate) November 23, 2025

When describing the health of the US economy, there is a temptation among economists, market analysts, and politicians to argue that the only true picture of our current situation is a sweeping portrait — only by looking at the broadest of aggregate statistics can you determine the state of play, they argue. But the wide view can ignore important developments unfolding under the surface. Sometimes, even the healthiest-looking person might have high cholesterol.

Right now, the economy seems OK on the surface. GDP growth has been running north of 3% for the last two quarters. In the labor market, the boilerplate appears to be that conditions are gradually cooling, but nothing more, nothing less. For example, despite the slowdown in new hiring, the unemployment rate of 4.4% is still low by historical standards. But there are serious dangers lurking beneath the surface of our economy, and it is better to clearly identify them than to ignore them in favor of broad aggregate measures.

Major employers in industries like homebuilding and restaurants are looking shaky, and they offer ominous signs about the direction of the overall economy. By getting a sense of what sectors and industries are struggling, you can get a forward-looking sense of the economy’s trajectory and a clearer-eyed view of the possibility of recession.

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Read of the Weekend. Once more, Dutta with devastating Charts. @RenMacLLC https://t.co/o5t4kotvIL

— tom keene (@tomkeene) November 24, 2025

America’s middle class is weary.

After nearly five years of high prices, many middle-class earners thought life would be more affordable by now. Costs for goods and services are 25% above where they were in 2020. Even though the inflation rate is below its recent 2022 high, certain essentials like coffee, ground beef and car repairs are up markedly this year.

“Life felt more doable a year and a half ago,” said Holly Frew, a college communications director with a household income around $135,000 living in Atlanta. “I need to know where the light is at the end of the tunnel.”

The American middle class encompasses a broad cross section of workers that includes white-collar office employees, nurses and plumbers, although there is no universally accepted definition.

Pew Research Center defines the middle class broadly as having a household income between about $66,666 and $200,000, depending on where they live. Perpetual sticker shock is making many within the group feel worse about both their own finances and the future of the country. They are hunting for bargains and spending more carefully.

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"After nearly five years of high prices, many middle-class earners thought life would be more affordable by now. Costs for goods and services are 25% above where they were in 2020. Even though the inflation rate is below its recent 2022 high, certain essentials like coffee,… pic.twitter.com/s7LkBGlvnw

— James Pethokoukis ⏩️⤴️ (@JimPethokoukis) November 21, 2025