If there were a Nobel prize for trying to will things to become reality, Donald Trump would already be a shoo-in. Since September 29th, when he offered his plan for ending the Gaza war, both Israel and Hamas have said they accept the plan while rejecting key elements of it. Arab leaders are also keen to stress that the text Mr Trump presented was very different from the one he discussed with them five days earlier at the UN. Yet the American president has glossed over those differences: for now, he insists that “countries from all over the world” are on board with his proposal.

Envoys from Israel and Hamas will hope to narrow those gaps when they start indirect talks in Egypt on October 6th. Their goal is to agree on at least the first phase of the plan, which calls for a ceasefire in Gaza, the release of the 48 remaining Israeli hostages and 1,950 Palestinian prisoners, and a surge of humanitarian aid for the beleaguered territory. Then they will need to discuss the second half of Mr Trump’s proposal, which lays out a vision for how to govern and secure Gaza after the war.

That is easier said than done, though, and not only because there are differences between Israel and Hamas. There are also disputes between the Palestinians themselves, and the Palestinians and their Arab backers: they agree that the Trump plan cannot be implemented without changes, but they disagree on what those changes should look like.

Read it all.

Diplomats need to find language on disarmament that will satisfy both Israel and Hamas. If their proposal is too credible, Hamas may balk. If it is not credible enough, it risks imperilling other parts of the plan https://t.co/y8sh2wsiDW

— The Economist (@TheEconomist) October 6, 2025

As of September 2025, Russia’s war in Ukraine has dragged on for three and a half years. Despite nine months of efforts by the United States to end the fighting, there remains no end in sight.

There has been a flurry of activity, from talks in Saudi Arabia to Oval Office meetings, and even a summit in Anchorage between U.S. President Donald Trump and Russian President Vladimir Putin. Europeans have spent nearly a year talking among themselves about providing a peacekeeping force, whenever a ceasefire is reached. Yet despite all this diplomacy, multiple meetings, and countless statements, Russia continues to pummel Ukraine’s cities and engage in a brutal, months-long ground offensive.

Russia believes it is winning the war of attrition—and that it can overpower and outlast Ukraine. Should Russia conclude that it cannot fully “win” and that destroying Ukraine’s military and toppling Ukraine’s democracy is impossible, that does not mean that Moscow will sue for peace. Instead, a next-best option for Russia is likely a forever war, waged at a lower, more sustainable intensity, that would prevent Ukraine from joining the European Union or NATO. This means that the prospects of the Kremlin seeking any diplomatic breakthroughs are extremely low.

Read it all.

"Ukraine may need to escalate in order to de-escalate, all while maintaining its defensive line at the front," @maxbergmann and @MSnegovaya write.

Read more from @csiserep about the next chapter for Russia's war in Ukraine: https://t.co/4IOJGSkvT6

— CSIS (@CSIS) October 2, 2025

Big Pharma has a big headache: Donald Trump. Lately drugmakers have had to contend with the American president’s pronouncements on everything from vaccines to paracetamol. In the coming days the pain is set to intensify. Intent on lowering prices, Mr Trump has given leading pharma firms until September 29th to comply with an executive order to peg their prices to the lowest charged in other rich countries—a rule he calls “most favoured nation” (MFN) pricing. If they do not, he thundered, they will face “every tool in our arsenal” against “abusive drug pricing”.

At the same time, the president wants to encourage homegrown manufacturing. He plans to impose a 100% tariff on branded drugs from October 1st, unless their makers are building factories in America. His administration is also pondering additional duties under a law allowing imports to be restricted on national-security grounds.

As is often the case, the Trumpian diagnosis contains a kernel of truth. Drug prices are indeed higher in America than elsewhere in the rich world. But the president’s two-point prescription upends a model that has long underpinned the highly globalised pharma industry, which could have unintended effects. It could leave Americans with fewer medicines but not cheaper ones, while in other countries drugs could be fewer and dearer. David Ricks of Eli Lilly, the world’s most valuable drugmaker, has warned that MFN pricing risks “the worst of two worlds”, importing Europe’s sluggish innovation while keeping American prices high.

Read it all.

America’s drug prices were more than three times the average in other rich countries in 2022. As a consequence, it coughs up around 70% of global pharmaceutical profits from about half of global sales. This is partly because of how the market is organised https://t.co/eyJHSfPEB3

— The Economist (@TheEconomist) September 29, 2025

A declaration that “Christian truth and values” belong at the heart of public life in the UK has been launched in the hope that it will attract 100,000 signatures and trigger a debate in Parliament.

The 2025 Westminster Declaration, launched last week, argues for the importance of heterosexual marriage and the “complementarity of men and women”. It also offers warnings about “cancel culture” and artificial intelligence (AI) unchecked by moral reflection.

“By ignoring Britain’s Christian heritage we have endangered human life, weakened society, and created a fragmented nation uncoupled from its formative traditions, and without a unifying vision for its future,” the declaration says.

On marriage, which it defines as being between a man a woman, the declaration calls for a rejection of “ideologies which weaken family ties by falsely claiming that other types of relationship are of equivalent value to marriage”.

Read it all.

A declaration that “Christian truth and values” belong at the heart of public life in the UK has been launched in the hope that it will attract 100,000 signatures and trigger a debate in Parliament #westminsterdeclaration #christianityinpubliclife https://t.co/8QrsPis7f2

— Church Times (@ChurchTimes) September 29, 2025

‘[John] Alle handed a flier to a man from San Antonio, who said he couldn’t possibly go home, because that’s where militants had been conspiring to control him and spying on him through tiny holes in the walls. A woman waiting outside a day shelter said she might be willing to go back home to Oklahoma, or maybe it was North Carolina, or wait — maybe it was Tennessee. But first she needed to shower, because it had been three weeks since the last time she bathed.

“Do you think we can help her?” Gibson asked. “Too entrenched,” Alle said. “She needs more than a bus ticket.”

Read it all.

To Get People Off the Street, He Pays for a One-Way Ticket Home https://t.co/9HhjBEqUJh

— Berangere Cagnat (@berangerecagnat) September 25, 2025

At home and abroad, Britain’s economy is in the dog house. Inflation is sticky, debts and deficits are high, and productivity growth is low. Yields on long-term government debt are above those in any other big rich economy. Four in five Britons say the government is mismanaging the economy; Ray Dalio, a hedge-fund manager, says the country is in a “debt doom loop”. As we report, the infrastructure and housing projects that were supposed to be the engine of growth are turning out to be a sorry disappointment.

Some of the doomsaying is overdone. Britain is not in a recession. Critics say the government crushed the private sector with tax increases in 2024, but the economy grew faster in the first half of 2025 than any other in the G7 group of big rich countries. Retail sales have been solid; unemployment remains low; and the service sector is strong. Britain’s structural strengths—its best universities, the City of London and the English language—are enduring. In many ways, including its birth rate and artificial-intelligence research, Britain can look to continental Europe and count its blessings.

Except, that is, for the public finances. Britain’s net public debts have risen from 35% of GDP in 2005 to 95%. Financial crises and the pandemic caused much of the increase but even today, when there is no emergency, the government is borrowing over 4% of GDP a year. America and France also have big debts and deficits, but borrow in deep currency blocs. Britain is alone, with higher interest rates and a rising welfare bill.

Read it all.

At home and abroad, Britain’s economy is in the dog house. Even with a huge majority and plenty of time, Labour is drifting towards a fiscal crisis https://t.co/YfTB1sIFvg pic.twitter.com/XNyeUYuqOw

— The Economist (@TheEconomist) September 25, 2025

But today conservative Christians are eager to tell a different story, and Charlie Kirk’s memorial service on Sunday — a gathering of political figures where politics was subordinated to preaching, culminating in Erika Kirk’s extraordinarily moving message of forgiveness for her husband’s killer — was a stage for a narrative of revival, recovery, conversion, Christian strength.

Trump was there, of course, and still very much his un-Christian self. (His off-script comments about his inability to feel anything but hatred for his own enemies were funny in the Trumpian way, but also plainly true.) But the idea that the future belongs to a post-Christian right, a subject we’ve considered in this newsletter, seemed not just absent but almost absurd, as the leaders of the Republican Party lined up for a memorial that doubled as an evangelical revival, complete with altar calls.

Religious history invites us to expect the unexpected, and there’s no reason to rule out a future where Kirk’s martyrdom provides the impetus for a genuine revival. The story of the last five years, at least in my reading of the religious tea leaves, is one of secularization arrested, and a culture reconsidering religion — but not yet becoming notably more religious. That’s an equilibrium that could be tipped by dramatic events or examples, and to the extent that Kirk is remembered and emulated primarily for his faith, maybe we’ve just seen a tipping point.

Read it all.

Christianity After Charlie Kirk:https://t.co/BDyr2lTfW0

— Ross Douthat (@DouthatNYT) September 23, 2025

There’s a great deal at stake in the upcoming Czech election — for Russia. So perhaps it’s no wonder that Czechia has been flooded by pro-Russian disinformation of late.

A victory by populist right-winger Andrej Babiš, who is ahead in the polls, would see him join Viktor Orbán and Robert Fico around the EU table. The Hungarian and Slovak leaders are on friendly terms with Russian President Vladimir Putin and have consistently torpedoed EU unity on Ukraine.

Incumbent Czech Prime Minister Petr Fiala has framed the Oct. 3-4 vote as no less than a battle over the country’s geopolitical future.

Read it all.

Russia has flooded the Czech election with disinformation as populist right-winger Andrej Babiš leads in the polls. https://t.co/em6KI3M9Mf

— POLITICOEurope (@POLITICOEurope) September 23, 2025

In an escalation of its already tight grip on religious freedom, China introduced a sweeping set of regulations that strictly control how clergy of officially recognized religions can operate online.

The new rules – released by the State Administration for Religious Affairs on Sept, 15 – are a continuation of Beijing’s long-term campaign to control religious practices in an effort to reshape faith so it aligns with the Chinese Communist Party.

The 18-article document, titled “Code of Conduct for Religious Clergy on the Internet,” outlines what religious leaders in China are allowed to do in the digital space. More significantly, it focuses on what they are forbidden from doing.

The rules apply to clergy of all five officially recognized religions — Buddhism, Taoism, Islam, Catholicism and Protestantism — allowed to practice within China.

China’s policy of “sinicizing” is an effort by the CCP to control and assimilate ethnic and religious groups into a state-approved — and largely Han Chinese — identity.

Read it all.

#China tightens digital grip on clergy with sweeping new rules https://t.co/mBrRyxLl9q

— Clemente Lisi (@ClementeLisi) September 19, 2025

When Keir Starmer was elected just over a year ago, Labour ministers warned that their government was Britain’s last chance to see off populism. The political centre has sprung a leak even sooner than they feared. Just one in five voters now supports the government; Sir Keir’s personal ratings as prime minister are dire. On September 5th Angela Rayner, his deputy, resigned over unpaid taxes, prompting a wide cabinet reshuffle.

The extremes, meanwhile, are all fired up. Whereas the Conservative Party is moribund, Nigel Farage, the leader of the hard-right Reform UK, told his party conference that he would be prime minister as soon as 2027. Although Reform has just four MPs, he is not delusional: were an election held tomorrow, Reform would have a coin-toss chance of a majority. Other insurgents sense their moment, too. Zack Polanski, a self-styled “eco-populist”, is the new leader of the once-fusty Green Party, with a pitch to be the Farage of the left. Jeremy Corbyn, whose self-belief is undented by four and a half calamitous years as the Labour Party’s leader, is running a new hard-left outfit.

Britain is not the only democracy where the centre is crumbling. On September 8th France’s centrist government fell over spending cuts, caught in a pincer of the hard left and right. In Germany the established centre parties have steadily lost votes, as the political system has fragmented. The middle is hollowing out in America, too, as voters are polarised between MAGA and a mob of fight-the-oligarchy lefties. The difference is that Sir Keir still has a commanding majority in the House of Commons. He must use it.

Read it all.

The two traditional parties of government are under siege as never before. An injection of fresh competition could make Britain much harder to govern https://t.co/TIkKL1CCP0

Illustration: Peter Crowther pic.twitter.com/nkd40XCaD6

— The Economist (@TheEconomist) September 12, 2025

Americans are more positive toward capitalism than socialism, but the 54% viewing capitalism favorably is down from 60% in 2021 and near that level in most prior years. Americans remain more negative (57%) than positive (39%) toward socialism, with little movement in these attitudes over time.

Gallup first measured Americans’ opinions of various economic systems or aspects of the U.S. economy in 2010 and has repeated the question six times since then, including in an Aug 1-20 survey.

Democrats and independents view capitalism less positively this year, each showing eight-percentage-point declines since 2021. For the first time, less than half of Democrats (42%) view capitalism positively, while a slight majority of independents (51%) still do. Republicans’ views are essentially unchanged, with three-quarters holding a positive opinion.

Read it all.

Americans are more positive toward capitalism than socialism, but the 54% viewing capitalism favorably is down from 60% in 2021 and near that level in most prior years. pic.twitter.com/ZAZuJlbdCI

— Gallup (@Gallup) September 8, 2025

China is undertaking a large-scale build-out of infrastructure along its eastern coast, including air and naval sites that show its growing readiness for a potential conflict over Taiwan.

Satellite images and other open-source material examined by The Wall Street Journal illustrate how these facilities would strengthen China’s hand if it launched an invasion of the island democracy. Beijing claims Taiwan as its territory and has pledged to take it, by force if necessary.

The sites range from a large new base for amphibious warships to a multibillion-dollar airport that sits around 3 miles from front-line Taiwanese islands. “All of it goes to supporting China’s one military planning scenario, which is a Taiwan scenario,” said Michael Dahm, a retired U.S. Navy intelligence officer and senior resident fellow at the Mitchell Institute for Aerospace Studies who closely tracks these projects.

Read it all.

How China’s New Naval and Air Sites Would Aid an Attack on Taiwan—Satellite images show major infrastructure expansion, including on the Taiwan Strait@NiharikaSM https://t.co/YKNu0YP3KThttps://t.co/YKNu0YP3KT

— Jonathan Cheng (@JChengWSJ) September 5, 2025

The Chinese government is using companies with expertise in artificial intelligence to monitor and manipulate public opinion, giving it a new weapon in information warfare, according to current and former U.S. officials and documents unearthed by researchers.

One company’s internal documents show how it has undertaken influence campaigns in Hong Kong and Taiwan, and collected data on members of Congress and other influential Americans.

While the firm has not mounted a campaign in the United States, American spy agencies have monitored its activity for signs that it might try to influence American elections or political debates, former U.S. officials said.

Artificial intelligence is increasingly the new frontier of espionage and malign influence operations, allowing intelligence services to conduct campaigns far faster, more efficiently and on a larger scale than ever before.

Read it all.

The Chinese government is using A.I. to personalize its information warfare. Disinformation can be tailored victim by victim. https://t.co/8rIwsVurb1

— Kenneth Roth (@KenRoth) August 7, 2025

President Donald Trump wants lower interest rates. Achieving that objective will require overcoming bigger obstacles than Fed Chair Jerome Powell.

There are structural forces that drive the cost of borrowing, and right now they’re pointing up. Governments and businesses are piling on debt to pay for tax cuts, military spending, and AI investments — which means more demand for credit. As the Baby Boomers retire and China decouples from the US, the pool of saving to finance those loans is drying up.

Attacks on Fed independence risk shrinking the pool further. Investors don’t want to see the value of their hard-earned cash inflated away by a central bank under political control.

Add all of this together and it points to a world where 4.5% may be the new normal for ten-year Treasuries — the crucial rate for mortgages and corporate bonds, and the one Trump’s team says it wants to bring down. In fact, Bloomberg Economics analysis shows it’s more likely to trend above that figure than below it. For the world’s biggest economy, that means a wrenching transition.

Read it all.

"Trump’s Interest Rate Obstacle Is Bigger Than Powell" https://t.co/CcNXpiVOuR pic.twitter.com/MLa29IeB2h

— Scott Lincicome (@scottlincicome) August 4, 2025

President Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on.

As part of his quest to reorder the global trading system, Mr. Trump has imposed steep tariffs on America’s trading partners, with the bulk of those set to go into effect on Aug. 7. Even before the latest tariffs kick in, revenue from taxes collected on imported goods has grown dramatically so far this year. Customs duties, along with some excise taxes, generated $152 billion through July, roughly double the $78 billion netted over the same time period last fiscal year, according to Treasury data.

Indeed, Mr. Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States. Members of his administration have argued that the money from the tariffs would help plug the hole created by the broad tax cuts Congress passed last month, which are expected to cost the government at least $3.4 trillion.

Read it all.

Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit. https://t.co/0IaBKVoYff

— tony romm (@TonyRomm) August 3, 2025

It was in 1787 that he first decided to put down a motion in the House of Commons about the slave trade. This nefarious traffic had been going on for three centuries, and the West Indian slave-owners were determined to oppose abolition to the end. Besides, Wilberforce was not a very prepossessing man. He was little and somewhat ugly, with poor eyesight and an upturned nose. When Boswell heard him speak, he pronounced him ‘a perfect shrimp’, but then had to concede that ‘presently the shrimp swelled into a whale.’ In 1789 Wilberforce said of the slave trade: “So enormous so dreadful, so irremediable did its wickedness appear that my own mind was completely made up for the abolition…. let the consequences be what they would, I from this time determined that I would never rest till I had effected its abolition.

So abolition bills (which related to the trade) and Foreign Trade Bills (which would prohibit the involvement of British ships in it) were debated in the commons in 1789, 1791, 1792,194, 1796 (by which time Abolition had become ‘the grand object of my parliamentary existence’), 1798 and 1799. Yet they all failed. The Foreign Slave Bill was not passed until 1806 and the Abolition of the Slave Trade Bill until 1807. This part of the campaign had taken eighteen years.

Next, soon after the conclusion of the Napoleonic wars, Wilberforce began to direct his energies to the abolition of slavery itself and the emancipation of the slaves. In 1823 the Anti-Slavery Society was formed. Twice that year and twice the following year, Wilberforce pleaded the slaves’ cause in the House of Commons. But in 1825 ill-health compelled him to resign as a member of parliament and to continue his campaign from outside. In 1831 he sent a message to the Anti-Slavery Society, in which he said, “Our motto must continue to be PERSEVERANCE. And ultimately I trust the Almighty will crown our efforts with success.” He did. In July 1833 the Abolition of Slavery Bill was passed in both Houses of Parliament, even though it included the undertaking to pay 20 million pounds in compensation to the slave-owners. ‘Thank God,’ wrote Wilberforce, that I have lived to witness a day in which England is willing to give 20 million pounds for the abolition of slavery.’ Three days later he died. He was buried in Westminster Abbey, in national recognition of his FORTY-FIVE YEARS of persevering struggle on behalf of African slaves.

— John R W Stott, Issues facing Christians Today (Basingstoke: Marshall, Morgan and Scott, 1984), p. 334

29 July 1833, William Wilberforce, died. Born Hull, evangelical Christian, Clapham Sect member, served as MP for 45 years, a founder of @cmsmission & @biblesociety, leading abolitionist (persuading in 1807 House of Commons to abolish slave trade), moral reformer & philanthropist. pic.twitter.com/DzJchsizTX

— Revd Nicholas Pye (@RevdPye) July 29, 2025

Let thy continual mercy, O Lord, enkindle in thy Church the never-failing gift of love, that, following the example of thy servant William Wilberforce, we may have grace to defend the poor, and maintain the cause of those who have no helper; for the sake of him who gave his life for us, thy Son our Savior Jesus Christ, who liveth and reigneth with thee and the Holy Ghost, one God, now and for ever. Amen.

Today in the Anglican tradition we thank God for William Wilberforce, an evangelical Anglican, slave abolitionist, founder of the CMS and RSPCA. Wilberforce understood Christianity as inseparable from justice! In a world of growing hate, let us remember and mirror his good works pic.twitter.com/i5RhLQwRva

— Victor-Joseph ❤️‍🔥🕊️ (@Anglicanvictor) July 30, 2025

Six months ago, few people would have anticipated that the United States would place a 15 percent tariff on exports from Japan, one of America’s closest and most longstanding allies. President Trump had campaigned on the idea of a 10 percent universal base-line tariff, plus a higher levy on China, but it was not clear whether he would follow through.

But on Tuesday, when Mr. Trump announced a trade deal that included a 15 percent tariff on Japanese products — the highest rate those goods have faced in decades — there was a palpable sense of relief. Stock markets in Asia and Europe rose. The Japanese Nikkei 225 surged by over 3.5 percent, while shares of Japanese automakers, which will also be charged a 15 percent tariff on their exports to the United States, jumped more than 10 percent. The reaction is a testament to just how quickly and completely Mr. Trump has transformed the world’s expectations regarding tariffs.

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Trump’s Tariffs Are the Highest in a Century. But After His Threats, They Seem Like a Relief. https://t.co/eevtXIQ4cC via @NYTimes

— ISMAIL (@iamaniku) July 23, 2025

American missionary Caleb Rowen has witnessed firsthand China’s tightening restrictions on religious faith and practice.

From 2006 to 2016, government policies prohibiting missionary work did not feel strictly enforced, Rowen said. Cross-organizational outreach, partnerships, and Bible translation projects took shape and flourished in this season.

The Chinese government “just turned a blind eye,” he said, “until they didn’t.”

In 2014, the Chinese government started cracking down on Korean missionaries and went on to expel entire Western mission agencies in 2018. In the same year, it shut down prominent house churches and arrested pastors like Wang Yi of Early Rain Covenant Church. It seemed as if overnight, half the missionaries whom Rowen knew had left China. CT is using a pseudonym for Rowen, as he is concerned about his safety for speaking with Christian media. 

Read it all.

“[God] laughs at restrictions, and so do we, because we know that no system on earth can keep the lid on this thing—this chain reaction that God initiated with the cross,” said an American missionary in China. https://t.co/LgaThcpSgw

— Christianity Today (@CTmagazine) May 11, 2025

…Mr Kruger expressed concern about “two religions moving into the space from which Christianity has been ejected”, saying that he could not “be indifferent to the extent of the growth of Islam in recent decades”.

He did not elaborate on this, save to say that he often found himself in agreement with Muslim MPs on social issues.

“It is the other religion that worries me even more,” he said: “a hybrid of old and new ideas, and it does not have a proper name. I do not think that ‘woke’ does justice to its seriousness.

“It is a combination of ancient paganism, Christian heresies, and the cult of modernism, all mashed up into a deeply mistaken and deeply dangerous ideology of power that is hostile to the essential objects of our affections and our loyalties: families, communities, and nations,” he said.

This religion “must simply be destroyed, at least as a public doctrine”, he said. “It must be banished from public life — from schools and universities, and from businesses and public services.”

Read it all.

The country needs “a revival of faith” and a recovery of “Christian politics”, the Conservative MP Danny Kruger said in the House of Commons on Thursday afternoon#houseofcommons #dannykruger #christianity #newreligion https://t.co/vOC4LXdBtH

— Church Times (@ChurchTimes) July 20, 2025

From last year’s disaster in Asheville to this month’s catastrophic floods in Central Texas, the world has entered a new era of rainfall supercharged by climate change, rendering existing response plans inadequate. A Washington Post analysis of atmospheric data found a record amount of moisture flowing in the skies over the past year and a half, largely due to rising global temperatures. With so much warm, moist air available as fuel, storms are increasingly able to move water vapor from the oceans to locations hundreds of miles from the coast, triggering flooding for which most inland communities are ill-prepared.

“We’re living in a climate that we’ve never seen, and it keeps throwing us curveballs,” said Kathie Dello, North Carolina’s state climatologist. “How do you plan for the worst thing you’ve never seen?”

To understand why inland regions are so vulnerable to heavy rainfall, The Post compared the response to Helene in western North Carolina with that of Florida’s Gulf Coast, where the storm hit first. The investigation, based on analysis of cellphone data and interviews with two dozen meteorologists, disaster experts and storm survivors, revealed how scant flood awareness and a lack of effective warnings led to far fewer evacuations in North Carolina’s mountainous western counties.

Yet it was in these inland areas that Helene wrought its greatest human toll. At least 78 people in North Carolina died in Helene’s floodwaters, according to data from the National Hurricane Center — more than five times the number of people who drowned on the coast.

Read it all.

“How do you plan for the worst thing you’ve never seen?”

A new era of floods has arrived. America isn’t prepared.
via @sarahkaplan48 @kcrowebasspro @NaemaAhmed @BenNollWeatherhttps://t.co/Lesg50kWdt

— Brady Dennis (@brady_dennis) July 21, 2025

Iran’s deeply buried nuclear enrichment plant at Fordo was badly damaged, and potentially destroyed, by the 12 massive bombs that U.S. Air Force B-2 bombers dropped on it last month, according to a new American intelligence assessment.

Two other nuclear sites targeted in the U.S. attacks were not as badly damaged, but facilities at the sites that would be key to fabricating a nuclear weapon were destroyed and could take years to rebuild, U.S. officials said.

A senior Israeli official said last week that the strikes most likely did not eliminate the stockpile of near-bomb-grade fuel that could be used to produce upward of 10 nuclear weapons. But without the facilities to manufacture a weapon, U.S. officials insist, the fuel would be of little use even if the Iranians can dig it out of the rubble.

The new assessment helps create a clearer picture of what the combined Israeli and U.S. strikes on Iran achieved. The bombings deeply damaged Fordo — considered by the Iranians to be their best-protected and most advanced nuclear enrichment site — probably crippling Iran’s ability to make nuclear fuel for years to come.

Read it all.

New Assessment Finds Site at Focus of U.S. Strikes in Iran Badly Damaged https://t.co/dr2QDpujFD via @NYTimes

— Ali Vaez (@AliVaez) July 17, 2025

In the stillness of a small village on the outskirts of this central Taiwanese city, two CM-34 “Clouded Leopard” armored vehicles rumbled down narrow country lanes, unloading soldiers tasked with countering a simulated Chinese landing force pushing inland.

On the other side of town, two CM-11 “Brave Tiger” battle tanks concealed behind a community center fired mock rounds at a rice paddy, the blasts echoing through the village.

In years past, Taiwan’s annual Han Kuang exercises have been staged on military bases, along desolate coastlines and generally out of sight for the average resident of Taiwan, a democratically self-governed island at the center of regional tensions in the Asia-Pacific.

This year, the drills feel like something else entirely: They are twice as long, larger than ever in scale and far more visible in everyday life, spilling into the parking area outside a Costco, onto subway cars zipping underneath the capital city of Taipei and into viral social-media posts. In one case, a tank inadvertently sideswiped a passing car. In another, several tanks ended up outside the American big-box retailer’s store in the southern city of Tainan.

Read it all.

No longer does Taiwan conduct annual Han Kuang exercises in a secluded area for a short time. Now, it's out in the open–even in the parking lot of Costco!–and goes for longer. The island's stress is building because China's threats are rising.https://t.co/43vnqU9grl

— Derek J. Grossman (@DerekJGrossman) July 17, 2025

The emergence of a new form of capitalism—call it the teflon economy—may be behind these shifts. On one side of the equation, firms are better than ever at dealing with shocks, meaning that markets continue to function even at a time when politics breaks down. On the other side, governments offer their economies unprecedented levels of protection.

Start with supply chains, which have received a number of shocks in recent years. The conventional narrative that they are prone to “failure” is largely wrong. During the pandemic some commodities became a lot more expensive—but this was a consequence of an enormous surge in demand, rather than falling supply. Semiconductors are a classic example. In 2021 chipmakers shipped 1.2trn units, some 15% more than the year before. The industry did not really suffer a “supply crunch”. Rather, it responded efficiently to an extreme surge in demand.

According to the New York Fed’s supply-chain pressure index, bottlenecks have remained in line with the long-run average, even in the face of Mr Trump’s trade war. We find similar results in our analysis of 33,000 commodities that America imported from 1989 to 2024. For each year, we counted the number where imports declined from the previous year by more than 20%, even as the price of those imports rose by more than 20%. This hints at situations where a supply chain genuinely “fails”. We calculate that the failure rate has been trending down over time. 

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Foreign-policy types talk of an age of unprecedented disorder—and markets barely notice https://t.co/eUWlhOsi7G

— The Economist (@TheEconomist) July 15, 2025

Faced with intensifying Chinese encroachment at sea, the Philippines increasingly sees its national security as intertwined with that of Taiwan and is quietly ramping up both formal and informal engagement with the self-governing island, including on security, according to government officials, defense analysts and diplomats here.

This marks a significant departure from Manila’s conservative approach toward Taiwan and could pave the way for the Philippines, a U.S. treaty ally, to play a bigger role if China makes good on its threats to invade Taiwan.

“Any force projection of China within our area is a matter of extreme concern,” Philippine Defense Secretary Gilbert Teodoro said in an interview Thursday.

Read it all.

The Philippines is quietly ramping up cooperation with Taiwan — including on security

Lots of new details in our @washingtonpost dispatch, including that at a U.S.-Phil military exercise last month, unofficial Taiwanese observers were present & participated in tabletop planning pic.twitter.com/S1SiRjmjvK

— Rebecca Tan (@rebtanhs) July 14, 2025

The subtext of this war game is deadly serious. Finland’s entry into Nato in 2023 more than doubled the defence alliance’s border with Russia to almost 2,600km, stretching from the Arctic down to Belarus.

While Moscow is currently tied up with its full-scale invasion of Ukraine, many along this frontier expect Russian President Vladimir Putin to one day turn his attention to Nato’s eastern flank. The Russian economy is already geared towards conflict and Putin’s imperialist ambitions may mean it goes on to look for conquest elsewhere.

Nato secretary-general Mark Rutte warned last month that Moscow could be ready to use force against the alliance “within five years”. “Let’s not kid ourselves, we are all on the eastern flank now,” Rutte said in a speech. Ukrainian President Volodymyr Zelenskyy later said that Russia was planning “new military operations on Nato territory” in an address to the alliance’s summit last week.

While US President Donald Trump reassured allies he was “with them all the way” on arrival at the summit, he had spooked European capitals hours before with a suggestion that the military alliance’s mutual defence pact, known as Article 5, was open to interpretation.

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Can't wait to get to the office and see how this map for today's @FT Big Read printed. A comprehensive look at whether Europe is prepared for war. https://t.co/4neP2wMdoh
A lighter version for print to avoid it printing too dark and issues with white text.#dataviz #gistribe pic.twitter.com/KepzQ6nW76

— Steven Bernard (@sdbernard) July 1, 2025

His expensive tax cuts have been signed into law. His steep global tariffs are taking clearer shape. And his twin campaigns to deregulate government and deport immigrants are well underway.

With the major components of his agenda now coming into focus, President Trump has already left an indelible mark on the U.S. economy. The triumphs and turbulence that may soon arise will squarely belong to him.

Not even six months into his second term, Mr. Trump has forged ahead with the grand and potentially disruptive economic experiment that he first previewed during the 2024 campaign. His actions in recent weeks have staked the future of the nation’s finances — and its centuries-old trading relationships — on a belief that many economists’ most dire warnings are wrong.

Last week, the president enacted a sprawling set of tax cuts that he believes to be the ingredients for rapid economic growth, even as fiscal experts warned that the law may injure the poor while putting the U.S. government on a risky new fiscal path.

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With taxes and tariffs in place, Trump takes the reins of the U.S. economy 🇺🇸

Can he steer growth amid rising trade barriers? #Trump #USEconomy #Tariffs #TaxPolicy #EconomicUpdate #MarketWatch #TradeWar #FiscalPolicy pic.twitter.com/pJg4EqK2cK

— @LanCentralCoin – Daily (@CentralNewsYT) July 9, 2025

By the article establishing the executive department it is made the duty of the President “to recommend to your consideration such measures as he shall judge necessary and expedient.” The circumstances under which I now meet you will acquit me from entering into that subject further than to refer to the great constitutional charter under which you are assembled, and which, in defining your powers, designates the objects to which your attention is to be given. It will be more consistent with those circumstances, and far more congenial with the feelings which actuate me, to substitute, in place of a recommendation of particular measures, the tribute that is due to the talents, the rectitude, and the patriotism which adorn the characters selected to devise and adopt them. In these honorable qualifications I behold the surest pledges that as on one side no local prejudices or attachments, no separate views nor party animosities, will misdirect the comprehensive and equal eye which ought to watch over this great assemblage of communities and interests, so, on another, that the foundation of our national policy will be laid in the pure and immutable principles of private morality, and the preeminence of free government be exemplified by all the attributes which can win the affections of its citizens and command the respect of the world. I dwell on this prospect with every satisfaction which an ardent love for my country can inspire, since there is no truth more thoroughly established than that there exists in the economy and course of nature an indissoluble union between virtue and happiness; between duty and advantage; between the genuine maxims of an honest and magnanimous policy and the solid rewards of public prosperity and felicity; since we ought to be no less persuaded that the propitious smiles of Heaven can never be expected on a nation that disregards the eternal rules of order and right which Heaven itself has ordained; and since the preservation of the sacred fire of liberty and the destiny of the republican model of government are justly considered, perhaps, as deeply, as finally, staked on the experiment entrusted to the hands of the American people.

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🇺🇸 This #IndependenceDay, we celebrate the birth of our nation and 250 years of the U.S. Navy defending its freedom.
Since 1775, your Navy has stood the watch—from seabed to space, delivering power for peace—always ready to fight and win alongside our Allies and partners. ⚓🗽… pic.twitter.com/6rNJMsDghg

— U.S. Navy (@USNavy) July 4, 2025

…the One Big Beautiful Bill act (BBB) that passed the Senate on July 1st and the House on July 3rd looks more like traditional tax-cutting, spending-slashing Republicanism worthy of Paul Ryan or Mitt Romney than it does a MAGA fantasy. Suddenly, business leaders are again willing to see Mr Trump as the populist from his first term: a man to be taken seriously but not literally.

Unfortunately, the BBB, which Mr Trump plans to sign into law on July 4th, is likely to cast a shadow over this sunny picture. It illustrates the long-term damage Mr Trump is doing to the foundations of America’s economy.

The bill’s main effect is to extend the tax cuts from Mr Trump’s first term which were due to expire. Republicans paint this as an extension of the status quo. Yet they, like the Democrats before them, ignore the fact that the status quo is unsustainable. Over the past 12 months America’s budget deficit has been an astonishing 6.7% of GDP. If the bill passes, the deficit will remain around that level and the country’s debt-to-gdp ratio will in about two years exceed the 106% reached after the second world war. Revenue from tariffs will help, but not enough to stop the ratio rising—meaning that the drift towards crisis will continue.

To the extent the bill tightens the belt, it does so in the wrong places. As life expectancies rise and the population ages, America should trim handouts to the old, for example by raising the retirement age. Instead, pensioners are getting a tax break and Republicans are cutting Medicaid, health insurance for the hard-up. Some sensible measures include reducing the ability of states to game the system for more federal cash. Yet according to official projections, the overall effect will be to add nearly 12m to the number of Americans without health insurance. That is a scandalous number for the world’s richest big country. Many of those who lose coverage will fall foul of new requirements that recipients must work. Such rules have in the past created an obstacle course of paperwork for claimants while failing to boost employment.

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The panic about tariffs has given way to cautious optimism. But Trumponomics 2.0 will erode the foundations of America’s prosperity https://t.co/d7Z1uq4Eca pic.twitter.com/raYf0JGOOv

— The Economist (@TheEconomist) July 3, 2025

A crowd of journalists, politicians, commentators, and activists gathered in central London on the hottest day of the year so far to attend a black-tie event organised by the Alliance Defending Freedom (ADF).  Last night I had the pleasure of attending the UK premiere of Live Not By Lies, the documentary adaptation of Rod Dreher’s 2020 book of the same name. 

Before the screening, there was a speech by Triggernometry’s Konstantin Kisin. Kisin, having spent a large part of his childhood in the Soviet Union, was well-placed to bring together the themes of the film—totalitarianism, in its various forms, past and present. 

Live Not By Lies was released by Angel Studios in April this year on its streaming platform as a four-part miniseries, though at yesterday evening’s viewing, we watched it in one go. It describes itself as “a powerful warning from Soviet dissidents about the emerging totalitarianism in our society,” which it undoubtedly is. The film features interviews with various experts on the subject—notably, author Douglas Murray, associate professor of philosophy of religion at Cambridge University Dr. James Orr, and the ADF’s senior legal communications officer, Lois McLatchie Miller. McLatchie Miller herself has experience with being arrested for speech-related crimes. Just last month, she and Chris Elston (better known as Billboard Chris) were arrested in Brussels for holding signs decrying the gender transitioning of children. They were both released without charges after a few hours, but the whole ordeal was a frightening reminder that free speech now holds little sway in many Western countries. 

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Live Not By Lies provides sustained deep delves into the plights of individuals whacked with the censorious stick. @_BellaEpoque https://t.co/Zsn6zjxSt8

— Ayaan Hirsi Ali (@Ayaan) July 2, 2025