Die US-Geheimdienste haben aus der Annexion der Krim gelernt und führen Russlands Militärstrategen vor. Für den Kreml-Chef sind die Optionen schlecht. Ben Wallace fühlt sich in der Ukraine-Krise an 1938 erinnert. Ein „Hauch von München“ liege in der Luft, warnte der britische Verteidigungsminister in Anspielung auf die Appeasement-Politik Neville Chamberlains, …

If God forbid the administration fires it, the results will be to wound Moscow, but also to blow off America’s own toes. The Menendez bill on sanctions against Russia could be described as a hair trigger on a single-barrel sawed-off shotgun, with all that weapon’s combination of dreadful effect and …

Economists debating inflation in the United States are confronting a difficult challenge: stripping out volatile price changes to gauge underlying pressures. The most common measure of underlying or “core” inflation, which excludes volatile food and energy prices, has been hard to read during the pandemic. The traditional measure came into …