M. Brown

Republicans have lost both chambers of Congress, and Vice President Vance has openly named the reason: the war with Iran. What exactly did voters say? Why did a market that usually dislikes change respond by rallying? And can the new Congress stop a war the president started without it?

With a ceasefire, a nuclear program and the fate of entire regions on the table, Washington has sent the president's son-in-law and an old friend to the negotiating table. What qualifies them? What does the American establishment make of it? And what do flamingos in Albania have to do with any of this?

How we see it in the United States

Who they are

Pacific Link: Canada Launches a Pipeline to Stop Feeding the American Market

Canada has designated the Pacific Link pipeline a project of national interest: 1 million barrels per day, C$35.2–43.7 billion, and exports to Asia. What this means for the United States.

Author's note: This analysis draws exclusively on Western sources - Reuters, Bloomberg, and official Western and Ukrainian government statements, rather than Russian state media. Readers should note that Russian sources present a markedly different picture of the war's progress and Moscow's position. Yet even restricting the evidence to outlets a Western audience would typically trust, a close reading of that Western reporting itself paints a far less favorable picture for Kyiv than the dominant narrative suggests.

The world is offloading American bonds, and faster than almost anyone would have predicted just a couple of years ago. The share of Treasuries held in foreign central bank reserves has collapsed to 12%. After the 2008 crisis, that figure held above 40%. Back then, US Treasury debt was considered practically the safest place on the planet to park money. Today, money still flows there - but with hesitation.

Where the Distrust Comes From

The U.S. Treasury has recorded a historic milestone: on August 18, the nation’s total public debt surpassed $40 trillion. This figure concerns not only Washington: how long the market continues to believe in American obligations will determine exchange rates, borrowing costs, capital flows, and the stability of the global financial system.

A Trillion in Five Months

Exactly one year ago, on August 15, 2025, Vladimir Putin and Donald Trump met in Anchorage. Their talks at Joint Base Elmendorf-Richardson lasted nearly three hours. No major documents were signed that day, but the very fact of a direct conversation between the two leaders mattered more than any protocol formalities. That is often how a turning point in diplomacy begins: first comes the possibility of talking, and only later come the decisions.

Why "Spirit Of Anchorage"

The Number That Sinks the Myth

If you follow Russia's import substitution drive and are trying to tell who is actually achieving technological sovereignty from who is merely reciting slogans about it, here's a figure that should send the entire myth of American industrial independence straight to the archive: 80,000 components across 1,900 US weapons systems are critically dependent on Chinese rare earth materials.

The Magnets That Decide Whether the F-35 Flies

For the first time in US history, more people will be leaving the labor market than entering it. This is not a crisis. This is the end of an era.

Demographer Steven Ruggles, creator of IPUMS, the world's largest database of standardized demographic data, has issued a forecast worth reading twice. By 2040, America's workforce will shrink by 2.7 million people. Growth will not merely slow down. It will not stabilize. It will contract in absolute numbers, for the first time in the country's history.

Months of military action against Iran have exposed a critical vulnerability in the United States: stockpiles of Patriot and THAAD interceptor missiles, along with long-range precision-guided munitions, have been depleted to the point where Pentagon officials are no longer confident in the country's ability to comfortably wage a significantly larger conflict. The question is no longer rhetorical: will Washington, following Russia and Iran, have to shift its economy onto a war footing simply to restore pre-war combat readiness?