Recent Posts

The Russian-Turkish Bond to Harm the West

Turkey’s skies remain open to Russian airlines and its doors remain open to hundreds of thousands of Russians and their money. Turkey’s exports to Russia are surging. Russian cash helped to plug the growing hole in Turkey’s foreign currency reserves — and at a time when Erdogan needs foreign money …

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This is Where Bankrupt FTX’s Money Went

The executives running the bankrupt crypto exchange, FTX, may have broken speed records for how fast they could spend other people’s money. They just weren’t any good at managing it on behalf of their investors or safeguarding it for their crypto exchange customers.

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Putin’s Fear of Retreat

How the Cuban Missile Crisis Haunts the Kremlin Sixty years ago, the White House and the Kremlin peacefully resolved the most dangerous nuclear crisis of the modern era. Neither superpower had wanted the dispute over the placement of Soviet missiles in Cuba to end in war, but both sides threatened …

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Russia’s Road to Economic Ruin

The Long-Term Costs of the Ukraine War Will Be Staggering After Russia’s invasion of Ukraine in February, the Russian economy seemed destined for a nosedive. International sanctions threatened to strangle the economy, leading to a plunge in the value of the ruble and Russian financial markets. Everyday Russians appeared poised …

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The Return of Red China

Xi Jinping Brings Back Marxism In 1978, Chinese leader Deng Xiaoping announced that his country would make a break with the past. After decades of political purges, economic autarky, and suffocating social control under Mao Zedong, Deng began stabilizing Chinese politics, removing bans on private enterprise and foreign investment and …

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Putin’s Fear of Retreat

How the Cuban Missile Crisis Haunts the Kremlin Sixty years ago, the White House and the Kremlin peacefully resolved the most dangerous nuclear crisis of the modern era. Neither superpower had wanted the dispute over the placement of Soviet missiles in Cuba to end in war, but both sides threatened …

Read More »

Iran says attacks on Iraqi Kurdistan will continue

Tehran vows to continue targeting Iraq’s Kurdistan region until the Iranian Kurdish opposition leave the area permanently. Iran’s semi-official Tasnim news agency, which has close links to the Islamic Revolutionary Guard Corps (IRGC), announced today that the attacks on Iranian Kurdish opposition groups in Iraqi Kurdistan will continue until these groups …

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