The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets.

Scrutiny of Treasury auctions—whereby the government funds operations by selling the world’s safest bonds to big banks and dealers—has grown alongside their size. For years, many in Washington and on Wall Street assumed that investors would buy any number of bonds the government issued, no matter the fiscal outlook. Testing that assumption: the sale of $20.8 trillion of new Treasurys in the first 11 months of the year—set to surpass 2020’s record of just under $21 trillion.

Whether the market can absorb the rolling waves of debt without disruption is the biggest question on Wall Street ahead of this week’s planned Treasury auctions. A combined $108 billion of 3-year, 10-year and 30-year bonds hit the block Monday and Tuesday, along with $213 billion of shorter-term bills. The last 30-year auction was so poorly received that it rattled other parts of the markets. Investors fear that signs of weak demand might spread similar tumult, raise the cost of government borrowing and hurt the economy.

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Why Treasury Auctions Have Wall Street on Edge (WSJ)

(full article in first reply below)

The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets.

Scrutiny of Treasury auctions—whereby the government funds operations by… pic.twitter.com/7QCf9L81Bf

— FXHedge (@Fxhedgers) December 11, 2023

Ukraine’s president Volodymyr Zelenskyy was blunt when he addressed G7 leaders this week.

“Russia hopes only for one thing: that next year the free world’s consolidation will collapse. Russia believes that America and Europe will show weakness, and will not maintain support for Ukraine,” he said in a video call on Wednesday evening with his most important political allies.

“The free world vitally needs to . . . maintain support for those whose freedom is being attacked,” he said. “Ukraine has strength. And I ask you to be as strong as you can be.”

Zelenskyy’s plea is not mere rhetoric. Hours after he spoke, the US Senate rejected the White House’s latest bid to pass legislation authorising $60bn in financial support for Ukraine. Across the Atlantic, a European Commission proposal that would provide €50bn to prop up Kyiv’s budget for the next four years hangs in the balance ahead of a summit of EU leaders next week, following months of bickering between member states over how to fund it. 

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“We know from intelligence community assessments that Putin believes Ukraine will fall within just months without renewed US support,” Mark Warner, the chair of the Senate intelligence committeehttps://t.co/6XQyEOSHdF

— Adam Tooze (@adam_tooze) December 9, 2023

Starved of ammunition, the gunners of Ukraine’s 47th Brigade were not able to hit the Russian convoy before it was upon their infantry on Avdiivka’s northern flank.

Five armoured vehicles rolled into the village of Stepove, guns firing, allowing about 40 Russian soldiers to run for cover in the houses around Ukrainian positions. A Bradley fighting vehicle was deployed towards the Russians. American armour was to be put to the test against Russian.

This fierce battle was part of a desperate action to save Avdiivka, in the east of the country, from imminent collapse and prevent a victory for President Putin in time for the launch of his election campaign and New Year festivities.

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Surrounded and low on ammo, the elite troops out to spoil Putin’s New Year

One of Ukraine’s finest brigades has been sent to defend the key city of Avdiivka. Without more gear their chances are dwindling, they tell Maxim Tuckerhttps://t.co/0nBvh4I5FV

— Antti Rautiainen (@ARautiainen) December 8, 2023

WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, a home construction start-up, amassed $647 million.

In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech start-up collapse that investors say is only beginning.

After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They face a harsh reality: Investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell.

It has fueled an astonishing cash bonfire. In August, Hopin, a start-up that raised more than $1.6 billion and was once valued at $7.6 billion, sold its main business for just $15 million. Last month, Zeus Living, a real estate start-up that raised $150 million, said it was shutting down. Plastiq, a financial technology start-up that raised $226 million, went bankrupt in May. In September, Bird, a scooter company that raised $776 million, was delisted from the New York Stock Exchange because of its low stock price. Its $7 million market capitalization is less than the value of the $22 million Miami mansion that its founder, Travis VanderZanden, bought in 2021.

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Approximately 3,200 private venture-backed U.S. companies have gone out of business this year, according to data compiled for The New York Times by PitchBook, which tracks start-ups. After staving off collapse by cutting costs, many are out of options. https://t.co/HI0EfcaUJJ

— The New York Times (@nytimes) December 7, 2023

Mr. Vice President, Mr. Speaker, Members of the Senate, and of the House of Representatives:

Yesterday, December 7th, 1941 — a date which will live in infamy — the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.

The United States was at peace with that nation and, at the solicitation of Japan, was still in conversation with its government and its emperor looking toward the maintenance of peace in the Pacific.

Indeed, one hour after Japanese air squadrons had commenced bombing in the American island of Oahu, the Japanese ambassador to the United States and his colleague delivered to our Secretary of State a formal reply to a recent American message. And while this reply stated that it seemed useless to continue the existing diplomatic negotiations, it contained no threat or hint of war or of armed attack.

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7 Dec 1941: The #Japanese Navy bombs the U.S. #naval base at Pearl Harbor, #Hawaii in a surprise attack, bringing the U.S. into World #War II. #WWII #WW2 #history #OTD #PearlHarbor #PearlHarborRemembranceDay #ad https://t.co/88L9McpDS3 pic.twitter.com/0HG52i6dID

— Today In History (@URDailyHistory) December 7, 2023

Well deserved! Taylor Swift named Time Person of the Year. She won me over when she paid $100k to each of the employees on her tour including the employees who truck her equipment from city to city. #TaylorSwift #TimePersonOfTheYear pic.twitter.com/HJ6MNfkrjW

— Rebecca Aguilar (@RebeccaAguilar) December 6, 2023

The 137-year-old pharmaceutical and medical-device company has hired 6,000 data scientists and digital specialists in recent years, and spent hundreds of millions of dollars on their work, such as using machines to scour massive health-record datasets. Last year the company opened a state-of-the-art research site near San Francisco that houses advanced data science.

Some early efforts focus on diagnostics, like an algorithm that analyzes heart tests to spot a deadly type of high blood pressure much sooner than humans can, and voice-recognition technology to analyze speech for early signs of Alzheimer’s disease. There’s a virtual-reality goggle set to help train surgeons on procedures like knee replacements.

The long game, though, is a goal that has seen a lot of hype but less concrete proof that it will become a reality: using AI for drug discovery.

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Can 6,000 data scientists and a massive database speed up discovery of new drugs? J&J is trying it. https://t.co/9KKphmEx1U https://t.co/9KKphmEx1U

— The Wall Street Journal (@WSJ) November 30, 2023

The reason the Hamas-Israel war can be hard for outsiders to understand is that three wars are going on at the same time: a war between Israeli Jews and the Palestinians exacerbated by a terrorist group, a war within Israeli and Palestinian societies over the future, and a war between Iran and its proxies and America and its allies.

But before we dig into those wars, here’s the most important thing to keep in mind about them: There’s a single formula that can maximize the chances that the forces of decency can prevail in all three. It is the formula that I think President Biden is pushing, even if he can’t spell it all out publicly now — and we should all push it with him: You should want Hamas defeated; as many Gazan civilians as possible spared; Prime Minister Benjamin Netanyahu of Israel and his extremist allies booted; all the hostages returned; Iran deterred; and the Palestinian Authority in the West Bank reinvigorated in partnership with moderate Arab states.

Pay particular attention to that last point: a revamped Palestinian Authority is the keystone for the forces of moderation, coexistence and decency triumphing in all three wars.

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“The reason the Hamas-Israel war can be hard for outsiders to understand is that three wars are going on at the same time,” writes @tomfriedman.

Read: https://t.co/kM3pqjs4Ma

— New York Times Opinion (@nytopinion) November 29, 2023

In the nearly two years since Russia launched its “special military operation” against Ukraine on February 24, 2022, Russian society has gotten used to living against the backdrop of a brutal armed conflict. A significant part of the population has reconciled itself to the idea that they will be living under the current state of affairs for quite some time, and that they must therefore adjust to reality, which ordinary Russians are in any case unable—and often unwilling—to change.

All the naïve predictions that popular discontent triggered by sanctions and the wartime restrictions imposed on daily life would bring down Vladimir Putin’s regime have come to nothing. In many ways, quite the opposite has happened. Most Russians might not identify with the regime, but they have consolidated around the Kremlin, which they believe to be fighting tooth and nail against a West that is seeking to destroy Russia. Despite the fact that such a depiction is at odds with reality, a great many Russians have accepted it as the most logical explanation for this protracted nightmare.

Naturally, some Russians are unhappy with the situation. Millions of people are opposed to authoritarianism and bloodshed, and some of them openly express their views and resist. There are also those known as “turbo-patriots,” who earnestly and aggressively support Putin. But the vast majority is apathetic, and simply passively and automatically “mostly supports” what the regime is doing while waiting for “all this” to end. This part of the population has chosen to become apathetic: their condition can be referred to as “learned indifference.” Putin is a legitimate leader in such people’s eyes, so his “special military operation” must be too. The next ritual imitation of a presidential election in March 2024 will surely confirm that there is no alternative to Putin. The apathetic majority can do little but wait for this difficult time to pass.

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My colleague @AndrKolesnikov and @levada_ru's Denis Volkov have published a new @CarnegieEndow paper documenting Russian attitudes towards the war. Main conclusion: support for the Kremlin's disastrous course is undiminished. Key findings in a🧵1/ https://t.co/nsgjD3ohhN

— Alexander Gabuev 陳寒士 (@AlexGabuev) November 28, 2023

‘The following story is told of Judge [Horace] Gray, now in the US Supreme Court: “A man was brought before him who was justly charged with being an offender of the meanest sort. Through some technicality the Judge was obliged to discharge him, but as he did so he chose the time to say what he though of the matter. I believe you guilty, he said, and would wish to condemn you severely, but through a petty technicality I am obliged to discharge you. I know you are guilty, and so do you, and I wish you to remember that one day you will stand before a better and perhaps wiser Judge, when you will be dealt with according to justice and not according to law.”’

–Chicago Tribune, Friday March 7, 1884, page 4

“The bonds of citizenship derive from people’s place of birth not from their blood.”

– Justice Horace Gray

[United States Vs. Wong Kim Ark (1898)]#14thAmendment pic.twitter.com/5Ah02bs1b8

— Shamel (@ShamelLakin) August 13, 2020

Russia sent waves of explosive drones to strike cities across Ukraine in the largest attack since last winter that likely marks the start of a fresh campaign aimed at demoralizing and dislocating Ukrainians.

Ukraine’s military said it intercepted all but one of 75 Shahed drones overnight, most of which were targeted at Kyiv. Authorities in the capital said five people were slightly injured, including an 11-year-old child, and several buildings damaged.

Russia has spent much of the year rebuilding its stocks of explosive drones and missiles with the aim, Ukrainian officials say, of trying to knock out power and heat in cities over winter. By forcing Ukraine to use air-defense systems to defend cities, Russia is also seeking to divert them from the front line and use up precious missiles, allowing Russian warplanes more freedom to launch attacks on Ukraine’s military.

Russia targeted Ukraine’s power grid with drones and missiles last winter, damaging around 40% of the system and knocking out power in several cities for hours at a time. But a combination of quick repairs and air-defense systems hurriedly delivered by allies prevented lengthy outages of power and heat that could have led people to flee.

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This is Putin’s Russia: massive drone strikes targeting cities, civilian infrastructure. “The leadership of Russia is proud that it can kill.” https://t.co/LGG5f3vpE0

— Antonia Ferrier (@ahrferrier) November 27, 2023

After years of inflation, US consumers are shouldering a burden unlike anything seen in decades — even as the pace of price increases has slowed.

It now requires $119.27 to buy the same goods and services a family could afford with $100 before the pandemic. Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.

It’s hard to find an area of a household budget that’s been spared: Groceries are up 25% since January 2020. Same with electricity. Used-car prices have climbed 35%, auto insurance 33% and rents roughly 20%.

Those figures help explain why Americans continue to register strong dissatisfaction with the economy: Consumers’ daily routines have largely returned to their pre-pandemic normal, but the cost of living has not.

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From the Bloomberg article, “Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math.”#economy #inflation #inequality #econtwitter @economics @markets pic.twitter.com/CXO2P0Wbez

— Mohamed A. El-Erian (@elerianm) November 27, 2023

Washington, D.C.
October 3, 1863

By the President of the United States of America.

A Proclamation

The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others have been added, which are of so extraordinary a nature, that they cannot fail to penetrate and soften even the heart which is habitually insensible to the ever watchful providence of Almighty God. In the midst of a civil war of unequalled magnitude and severity, which has sometimes seemed to foreign States to invite and to provoke their aggression, peace has been preserved with all nations, order has been maintained, the laws have been respected and obeyed, and harmony has prevailed everywhere except in the theatre of military conflict; while that theatre has been greatly contracted by the advancing armies and navies of the Union. Needful diversions of wealth and of strength from the fields of peaceful industry to the national defence, have not arrested the plough, the shuttle, or the ship; the axe had enlarged the borders of our settlements, and the mines, as well of iron and coal as of the precious metals, have yielded even more abundantly than heretofore. Population has steadily increased, notwithstanding the waste that has been made in the camp, the siege and the battle-field; and the country, rejoicing in the consciousness of augmented strength and vigor, is permitted to expect continuance of years with large increase of freedom.
No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy. It has seemed to me fit and proper that they should be solemnly, reverently and gratefully acknowledged as with one heart and voice by the whole American People. I do therefore invite my fellow citizens in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November next, as a day of Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens. And I recommend to them that while offering up the ascriptions justly due to Him for such singular deliverances and blessings, they do also, with humble penitence for our national perverseness and disobedience, commend to his tender care all those who have become widows, orphans, mourners or sufferers in the lamentable civil strife in which we are unavoidably engaged, and fervently implore the interposition of the Almighty Hand to heal the wounds of the nation and to restore it as soon as may be consistent with the Divine purposes to the full enjoyment of peace, harmony, tranquillity and Union.

In testimony whereof, I have hereunto set my hand and caused the Seal of the United States to be affixed.

Done at the City of Washington, this Third day of October, in the year of our Lord one thousand eight hundred and sixty-three, and of the Independence of the United States the Eighty-eighth.

By the President: Abraham Lincoln

William H. Seward,
Secretary of State

It was #AbrahamLincoln (at the urging of writer Sarah Josepha Hale) who established the precedent of a nationwide #Thanksgiving holiday at the end of November. Until then, Thanksgiving was more of a regional holiday. #AbeSays

More about Hale: https://t.co/lMaTDQ5Udp pic.twitter.com/j5vTTeA0uv

— Lincoln Presidential Library (@ALPLM) November 23, 2023

[New York, 3 October 1789]

By the President of the United States of America. a Proclamation.

Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor — and whereas both Houses of Congress have by their joint Committee requested me “to recommend to the People of the United States a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many signal favors of Almighty God especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness.”

Now therefore I do recommend and assign Thursday the 26th day of November next to be devoted by the People of these States to the service of that great and glorious Being, who is the beneficent Author of all the good that was, that is, or that will be — That we may then all unite in rendering unto him our sincere and humble thanks — for his kind care and protection of the People of this Country previous to their becoming a Nation — for the signal and manifold mercies, and the favorable interpositions of his Providence which we experienced in the course and conclusion of the late war — for the great degree of tranquillity, union, and plenty, which we have since enjoyed — for the peaceable and rational manner, in which we have been enabled to establish constitutions of government for our safety and happiness, and particularly the national One now lately instituted — for the civil and religious liberty with which we are blessed; and the means we have of acquiring and diffusing useful knowledge; and in general for all the great and various favors which he hath been pleased to confer upon us.

And also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech him to pardon our national and other transgressions — to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually — to render our national government a blessing to all the people, by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed — to protect and guide all Sovereigns and Nations (especially such as have shewn kindness onto us) and to bless them with good government, peace, and concord — To promote the knowledge and practice of true religion and virtue, and the encrease of science among them and us — and generally to grant unto all Mankind such a degree of temporal prosperity as he alone knows to be best.

Given under my hand at the City of New-York the third day of October in the year of our Lord 1789.

Go: Washington

“it is the Duty of all Nations to acknowledge the Providence of Almighty GOD, to obey his Will, to be grateful for his Benefits…” We owe God “our sincere and humble Thanks for…the favourable Interpositions of his Providence.” #GeorgeWashington, #ThanksgivingProclamation, 1789 pic.twitter.com/P0o5ibVI7U

— Daniel Dreisbach (@d3bach) November 23, 2023

Pendjari and two adjacent national parks comprise West Africa’s largest surviving protected wilderness—4.2 million acres spread across remote areas of Benin, Niger and Burkina Faso. The expanse of emerald-green savannah, jagged cliffs and stands of ancient baobab trees has also become the latest battlefield pitting the U.S. and its allies against al Qaeda and Islamic State fighters.

Militants carried out 71 killings, kidnappings and other attacks in Benin in the first half of this year, compared with five in 2021, according to the Armed Conflict Location & Event Data Project, a U.S.-based nonprofit monitoring service, and the Pentagon’s Africa Center for Strategic Studies. Most of the violence took place inside the parks or nearby.

Washington is increasingly worried the Islamist insurgency that has engulfed Mali, Burkina Faso and Niger will undermine Benin and other relatively prosperous, pro-Western states along the Gulf of Guinea. U.S. Special Forces are stationed in Benin to gather intelligence and advise the local military on counterinsurgency operations.

U.S. concerns are geopolitical—the prospect of weakened Western influence, growing militant strength and Russian inroads—as well as environmental. If the wilderness areas are lost to militants, “then forget conservation in West Africa,” said Hugues Akpona, an operations manager for Johannesburg-based African Parks, a nonprofit that runs the Pendjari and W national parks for Benin.

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West Africa's national parks have elephants, lions and rare cheetahs. Islamist militants have now moved in and are using the parks to launch attacks on neighboring countries https://t.co/XFlGCnsSY5 https://t.co/XFlGCnsSY5

— The Wall Street Journal (@WSJ) November 19, 2023

In an era where artificial intelligence continues to dazzle with its capabilities, Google’s DeepMind lab has unveiled a new AI known as ‘Student of Games’ (SoG), with the power to outperform human intellect in games that range from the strategic depth of chess to the unpredictable nature of poker. This AI marks a clear leap towards the development of an artificial general intelligence, a technology that aspires to outpace human ability in a sweeping array of tasks.

Recounting SoG’s evolutionary roots, it is evident how the project draws on the heritage of two pivotal AI endeavors – DeepStack and AlphaZero. DeepStack, originating from a collaboration including Martin Schmid at the University of Alberta, was the first AI to triumph over professional poker players. AlphaZero, another DeepMind creation, shattered records by defeating top-tier human players in chess and Go. The distinction between two was their handling of games with different levels of accessible information to the player: poker, a game of hidden information, versus the complete transparency seen in chess.

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Google DeepMind's Student of Games AI Masters Both Chess and Poker https://t.co/GIqojvSVwm

— Amb Antonio Garza (@aogarza) November 16, 2023

The first clues came from the bodies of slain militants: maps, drawings, notes, and the weapons and gear they carried.

In Beeri, a kibbutz town overrun by Hamas on Oct. 7, one dead fighter had a notebook with hand-scrawled Quranic verses and orders that read, simply, “Kill as many people and take as many hostages as possible.” Others were equipped with gas canisters, handcuffs and thermobaric grenades designed to instantly turn houses into infernos.

Each was like a piece from a grisly puzzle, a snippet of fine detail from an operation that called for hundreds of discrete crimes in specific locations. Five weeks later, the reassembled fragments are beginning to reveal the contours of Hamas’s broader plan, one that analysts say was intended not just to kill and capture Israelis, but to spark a conflagration that would sweep the region and lead to a wider conflict.

The evidence, described by more than a dozen current and former intelligence and security officials from four Western and Middle Eastern countries, reveals an intention by Hamas planners to strike a blow of historic proportions, in the expectation that the group’s actions would compel an overwhelming Israeli response.

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Breaking news: New evidence reveals that Hamas planners intended to strike a blow of historic proportions on Oct. 7 with the expectation that their actions would compel an overwhelming Israeli response. https://t.co/B3Ss0Q3LLq

— The Washington Post (@washingtonpost) November 12, 2023

We believe it’s in everyone’s interest to maintain a healthy ecosystem of information on YouTube. We have long-standing policies that prohibit technically manipulated content that misleads viewers and may pose a serious risk of egregious harm. However, AI’s powerful new forms of storytelling can also be used to generate content that has the potential to mislead viewers—particularly if they’re unaware that the video has been altered or is synthetically created.

To address this concern, over the coming months, we’ll introduce updates that inform viewers when the content they’re seeing is synthetic. Specifically, we’ll require creators to disclose when they’ve created altered or synthetic content that is realistic, including using AI tools. When creators upload content, we will have new options for them to select to indicate that it contains realistic altered or synthetic material. For example, this could be an AI-generated video that realistically depicts an event that never happened, or content showing someone saying or doing something they didn’t actually do.

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Only 14 per cent of American voters believe they are better off financially now than when Joe Biden took office, in the latest sign that the president’s economic record could undermine his re-election prospects.

A poll found that almost 70 per cent of voters thought Biden’s economic policies had either hurt the US economy or had no impact, including 33 per cent who said they believed the president’s policies had “hurt the economy a lot”. Only 26 per cent said his policies had helped.

The new monthly poll conducted for the Financial Times and the University of Michigan’s Ross School of Business will seek to track how economic sentiment affects the race for the White House. In 1980, Republican Ronald Reagan famously asked voters whether they were better off than they were four years earlier, setting the stage for his landslide victory over incumbent Democrat Jimmy Carter.

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Only 14% of American voters believe they are better off financially now than when Joe Biden took office, according to a. new monthly poll conducted for the ⁦@FT⁩ and the University of Michigan’s Ross School of Business. https://t.co/MTAfuXdUr2

— annmarie hordern (@annmarie) November 13, 2023

The court’s initial step on ethics, in the spring, did not mollify critics. Roberts declined an invitation from Durbin to testify before the Judiciary panel, but the chief justice provided a “Statement on Ethics Principles and Practices” signed by all nine justices that described the ethical rules they follow about travel, gifts and outside income.

The statement provided by Roberts said that the nine justices “reaffirm and restate foundational ethics principles and practices to which they subscribe in carrying out their responsibilities as Members of the Supreme Court of the United States.”

The statement promised at least some small additional disclosure when one or more among them opts not to take part in a case. But the justices have been inconsistent in doing so since.

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The Supreme Court is adopting its first code of ethics, in the face of sustained criticism over undisclosed trips and gifts from wealthy benefactors to some justices. https://t.co/a9p0n2ZKgz

— PBS NewsHour (@NewsHour) November 13, 2023

Gen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first ventured out into the workforce.

For instance, 55% of young adult respondents find it is “much harder” to purchase a home, 44% said it is harder to find a job and 55% said it is harder to get promoted, according to a Youth & Money in the USA poll by CNBC and Generation Lab.

The survey polled 1,039 people between ages 18 and 34 across the U.S. from Oct. 25 to Oct. 30.

“This is purely a snapshot of what young people perceive their lives to be like compared to their parents,” said Cyrus Beschloss, founder of Generation Lab, an organization that built the largest respondent database of young people in America.

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Gen Z, millennials have a much harder time ‘adulting’ than their parents did, CNBC/Generation Lab survey finds https://t.co/h1T3NEXdZq

— CNBC (@CNBC) November 13, 2023

In a world tormented by tension and the possibilities of conflict, we meet in a quiet commemoration of an historic day of peace. In an age that threatens the survival of freedom, we join together to honor those who made our freedom possible. The resolution of the Congress which first proclaimed Armistice Day, described November 11, 1918, as the end of “the most destructive, sanguinary and far-reaching war in the history of human annals.” That resolution expressed the hope that the First World War would be, in truth, the war to end all wars. It suggested that those men who had died had therefore not given their lives in vain.

It is a tragic fact that these hopes have not been fulfilled, that wars still more destructive and still more sanguinary followed, that man’s capacity to devise new ways of killing his fellow men have far outstripped his capacity to live in peace with his fellow men.Some might say, therefore, that this day has lost its meaning, that the shadow of the new and deadly weapons have robbed this day of its great value, that whatever name we now give this day, whatever flags we fly or prayers we utter, it is too late to honor those who died before, and too soon to promise the living an end to organized death.

But let us not forget that November 11, 1918, signified a beginning, as well as an end. “The purpose of all war,” said Augustine, “is peace.” The First World War produced man’s first great effort in recent times to solve by international cooperation the problems of war. That experiment continues in our present day — still imperfect, still short of its responsibilities, but it does offer a hope that some day nations can live in harmony.

For our part, we shall achieve that peace only with patience and perseverance and courage — the patience and perseverance necessary to work with allies of diverse interests but common goals, the courage necessary over a long period of time to overcome…[a skilled adversary].

Do please take a guess as to who it is and when it was, then click and read it all.

To every veteran who has defended our great country, thank you for your selfless service and sacrifice. #VeteransDay pic.twitter.com/QVTg0BNpaq

— Heritage Foundation (@Heritage) November 11, 2023

In 2030, if current projections hold, the United States will drill for more oil and gas than at any point in its history. Russia and Saudi Arabia plan to do the same.

They’re among the world’s fossil fuel giants that, together, are on course this decade to produce twice the amount of fossil fuels than a critical global warming threshold allows, according to a United Nations-backed report issued on Wednesday.

The report, which looked at 20 major fossil fuel producing countries, underscores the wide gap between world leaders’ lofty promises to take stronger action on climate change and their nations’ actual production plans.

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The world remains on track to produce far more oil, gas and coal than would be consistent with relatively safe levels of heating, a new report found. https://t.co/jmFx4hY1FN

— NYT Science (@NYTScience) November 8, 2023

Around the world the cry is going up for a ceasefire or for Israel to abandon its ground invasion. Hearing some Israeli politicians call for vengeance, including the discredited prime minister, Binyamin Netanyahu, many people conclude that Israel’s actions are disproportionate and immoral. Many of those arguing this believe in the need for a Jewish state, but fear for a Jewish state that seems to value Palestinian lives so cheaply. They worry that the slender hopes for peace in this age-old conflict will be buried under Gaza’s rubble.

Those are powerful arguments, but they lead to the wrong conclusion. Israel is inflicting terrible civilian casualties. It must minimise them and be seen to do so. Palestinians are lacking essential humanitarian supplies. Israel must let a lot more aid pass into Gaza. However, even if Israel chooses to honour these responsibilities, the only path to peace lies in dramatically reducing Hamas’s capacity to use Gaza as a source of supplies and a base for its army. Tragically, that requires war.

To grasp why, you have to understand what happened on October 7th. When Israelis talk about Hamas’s attack as an existential threat they mean it literally, not as a figure of speech. Because of pogroms and the Holocaust, Israel has a unique social contract: to create a land where Jews know they will not be killed or persecuted for being Jews. The state has long honoured that promise with a strategic doctrine that calls for deterrence, early warnings of an attack, protection on the home front and decisive Israeli victories.

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The bombardment of Gaza is inflicting a terrible toll. But unless Hamas’s power is broken, peace will remain out of reach.

This is why Israel must fight on: https://t.co/plnjRqZ7oh👇

— The Economist (@TheEconomist) November 2, 2023

How is it that the noun “mission” has come so to dominate the avalanche of Anglican reports and episcopal directives? It is oddly contentless, unlike the older word “evangelism”, which suggests that we have the good news of the gospel to impart. What is little understood is how this word has come to be shaped by modern management theory.

Successful managers, Lyndon Shakespeare writes, are “makers of worlds by the use of words”, and those words must have particular qualities: “low in definition and direct reference, vague and mysterious in terms of precise content, easy to say, vivid and radical sounding in metaphorical and imagistic terms”. Two key terms that theorists employ for such world-making are “mission” and “vision”, and readers hardly need to be reminded of the recent use of these words in the Vision and Strategy documents.

The distinction between the two terms is that the vision gives the organisation direction and meaning, while the mission strategy points to how it will realise its purpose. The Church of England, however, while embracing managerialism with an unholy hospitality, has confused mission and vision so that mission has displaced the vision to become an end in itself. Every single facet of our lives as Christians is held to be for the sake of mission, and is subsumed in utilitarian fashion to this end.

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Critique of managerialism in the CofE by Alison Milbank ⁦@SaveTheParish⁩ https://t.co/TcJpCXeRK5

— john milbank (@johnmilbank3) October 28, 2023

The US Defense Department believes the Chinese People’s Liberation Army is developing a new Intercontinental Ballistic Missile. That is, a heavy, multi-stage missile that leaves the Earth’s atmosphere and travels around the world at huge velocities before re-entering and descending toward its target at 20 times the speed of sound. Such missiles normally have a nuclear warhead: but this one, uniquely, would be armed with conventional explosives.

It’s an incredibly dangerous idea. A bad idea the Pentagon is intimately familiar with. After all, it tried to develop the same kind of “conventional” ICBM years ago – and ultimately gave up as it began to appreciate everything that could go wrong.

Namely, there seemed to be a good chance that, if US forces ever fired a conventional ICBM in anger, nuclear-armed countries would detect the launch, recognize the energy and trajectory of an ICBM – and be faced with an impossible dilemma.

Were the Americans launching a nuclear first strike? Would they lie, if asked? And how long could America’s nuclear rivals wait for clarification before launching their own nukes?

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"China is working on a weapon too dangerous to exist.

A heavy, multi-stage missile that leaves the Earth’s atmosphere & travels around the world at huge velocities before re-entering & descending toward its target at 20 times the speed of sound."

Ugh!https://t.co/2NeYYeHK02

— Chris Fenton (@TheDragonFeeder) November 2, 2023

The world economy is lumbering from one shock to another as two brutal wars, stubborn inflation and high borrowing costs pockmark the post-pandemic recovery. The next source of turbulence in the polycrisis era: a packed 2024 election calendar.

Starting with Taiwan in January and running through the US presidential election in November, the year will bring 40 national elections—a busy lineup even in calmer political times. Bloomberg Economics calculates that voters in countries representing 41% of the world’s population and 42% of its gross domestic product have a chance to elect new leaders next year.

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Brace for elections: 40 countries are voting in 2024 https://t.co/pHjTaaUgLQ pic.twitter.com/mtfQjs83nJ

— Bloomberg UK (@BloombergUK) November 1, 2023

Now, with antisemitism in America, historically, we’ve had several peaks. There was one in the 1890s and another in the 1930s and 1940s, but these were some of the worst times in American history. During the Great Depression, unemployment reached 25 percent. People lost faith in the American way and as they did, they lost faith in this idea that people of different ethnic and religious backgrounds could work constructively together to make it better for everyone. When we lose that, two things happen. America doesn’t work as well, and antisemitism rises. You can look at those tiki torch boys in Charlottesville back in 2017, or the people marching on campuses today and talking about death to the Jews. They share three beliefs in common: one, they make an idol of ethnic identity. For the white nationalists, if you’re not in the white pure group, you’re only a destructive influence in America, and as for the far left, if you’re white, you’re not right. Two, neither the far left or the far right believe in the promise of the American Dream—that if we follow the American Dream, it gets better for everybody. Thirdly, the far right and the far left both hate Jews. For the white nationalists, the Jews are part of the Great Replacement. For the far left, the Jews are white. They’re uber-white, even. These two groups share these three things in common, and they’re all destructive to what has historically made America work. Our enemies overseas are glad to see the far right and/or the far left rise up. It warms their cold hearts to see us ripping and tearing at each other and denying the truths that over the centuries have made us the most successful large human society in history.

BW: So what you’re saying is that when you see the swastika daubed on a school or when you hear about death threats to Jewish students at Cornell, don’t think about those things as a Jewish issue? Think about those attacks as an American issue, because societies where antisemitism is unleashed are societies that are dead?

WRM: That’s right. Antisemitism is both a sort of mental impairment and a barrier to learning. If you think that “the Jews” control the banks, you don’t understand finance, and will never understand it because you have this happy conspiracy theory and you think you already know everything. If you think “the Jews” control the weather with their space lasers, you’re not going to bother to study meteorological science. A society in which this kind of antisemitism is prevalent is not going to be a sign of a society on the cutting edge of science or business or economics or anything else. In our society, these beliefs are toxic. They’re terrible for Jews, but they are actually poison to what makes America, America.

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Are we tipping into a new world war? @wrmead reads the geopolitical tea leaves on @thehonestlypod.

Plus: @opinion_joe on Sam Bankman-Fried’s trial and @EliLake on the legacy of Frantz Fanon.

Read today’s digest by @ollywiseman: https://t.co/OOryvUvMjC

— The Free Press (@TheFP) November 1, 2023

As Bishops of the Church of England we condemn the terrorist actions of Hamas on 7th October. Hamas has killed civilians without mercy, defiled their bodies, treated the most vulnerable brutally and taken hostages. Its continued indiscriminate rocket attacks against Israeli targets puts civilian structures and individuals at risk. All this is built on its denial of the right of Israel to exist. Hamas has oppressed the people it was originally elected to serve and has put them in harm’s way by using them as human shields. Its actions are a violation of international law.

We must also reflect on the actions that Israel has taken in response. We affirm absolutely Israel’s right to self-defence. We wholly support the duty of the Government of Israel to protect its citizens. We echo the concerns raised by President Biden about understandable anger and deep trauma not determining strategy and actions. Israel’s right to self-defence needs to be exercised in adherence to the key principles of international humanitarian law.

The huge number of civilians killed in three weeks of bombardment, principally in Gaza City, and the immense suffering of a people herded south with no escape, are a humanitarian catastrophe. Even defined evacuation routes have been hit. Places of sanctuary and gathering have been bombed. Aid workers have been killed and wounded in large numbers. Critical services like healthcare, water, and electricity have been cut, while the military siege of Gaza has meant that no adequate humanitarian response has been possible.

Also gravely concerning are the reports of rising numbers of Palestinians killed in the West Bank by inhabitants of settlements which are illegal under international law. In mixed communities in Israel, where people have generally lived peacefully side by side, Israeli Arabs now find themselves subject to abuse, harassment and discrimination.

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https://t.co/3QWpjPCAcJ

— Revd Dr Brenda Wallace (@BrendaW36187388) October 31, 2023

The LLF steering group is chaired by the the Bishop of London, the Rt Revd Sarah Mullally, and the Bishop of Winchester, the Rt Revd Philip Mounstephen.

In response to the question from Sir Ben and Mr Gibson “what physical acts the Church refers to when teaching that sexual intimacy outside of marriage is forbidden”, Mr Selous — who represents the Church Commissioners in Parliament — responded: “The Living in Love and Faith process has always sought to recognise that the expression of sexual intimacy between two people cannot be reduced to a small set of defined actions.”

A further question asked whether a “letter threatening legal action” had been sent to the Bishops between the meetings of the College and the House, to which Mr Selous responded that “several items of correspondence were received over this period from a number of groups with different views, reflecting differing legal and theological opinions, as is widely in the public domain.

“Some offered a legal opinion on the routes of commendation or authorisation for the Prayers of Love and Faith, but I am not aware that any directly threatened the recipients with legal action.”

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“The proceedings of these meetings of the House of Bishops and College of Bishops, including details of votes, are confidential," Mr Selous wrote. On Thursday, @ChurchTimes revealed that both had voted that clergy should be able to enter same-sex marriageshttps://t.co/aHHdbYyr9r

— Church Times (@ChurchTimes) October 27, 2023