The Axis of Late Trains.

Sanctions are not damaging Russian economy. We made "conscious decision" for it to get smaller. I remain a master strategist

When Trump visited Mount Vernon in 2018, he couldn't understand why George Washington didn't name it after himself. “You’ve got to put your name on stuff or no one remembers you.” Reupping this prescient piece from @politico.com which seems pretty relevant today. www.politico.com/story/2019/0...

A few quick thoughts about this morning's decision. Don't believe the spin from various Russians & others: it's a big deal. The EU has now unambiguously demonstrated that it is able and willing to provide the external financial support Ukraine needs, for as long and as much as it takes. (1/N)

Always speaking about himself

“This counts as the most important material I have come across in over 30 years of collecting material on June 4” www.nytimes.com/2025/12/17/w...

Trump Dismisses Trump As A Distraction

My trolls: Ukraine's strikes on Russia's fuel refineries will make no difference. The Russian army:

A great primer by @olena-havrylchyk.bsky.social on securities depositories including Euroclear, recommended reading for whoever want to understand the issues underlying the Immobilized Russian Reserves saga www.ifri.org/en/studies/c...

Today is Russian Constitution day. If Ukraine changes its constitution to make my invasion legal, I promise to change Russian constitution to make next invasion illegal. Even though it already says invasions are illegal.

Amazing piece…so funny….”when we told the Poles to go home we didn’t mean it literally”

JD Vance Reminded To Use White House Service Entrance

Once again, Russia and USA are allies. Although this time we are fighting to put Nazis back in power. Which is a nuance.

The lesson is clear, @eribakova.bsky.social writes in @financialtimes.com. Together, European financing & Ukrainian ingenuity can build an effective deterrent against external threats, even as the US pulls back.

Alexander Gabuev, a well-known expert on Russian foreign policy and a senior fellow at the Carnegie Russia and Eurasia Center in Berlin, is convinced that time is working against Kremlin leader Vladimir Putin. www.bild.de/politik/ausl...

"Incidentally, in the 1960s and 1970s, when net migration was running at minus 50,000 a year, more than 85% of Britons still thought immigration was too high." Last week's New World column ocncerned immigration to the UK.

Europe faces multiple binary choices and is likely to muddle through them all

Since the fiscal situation in Europe is back on the agenda, I decided to read about the history of the Italian public debt. That was very interesting. This is what I have learned so far. swissmacroandhistory.substack.com/p/a-century-...

Bessent was supposed to be the grown-up.

"The quickest path to ensure a just and lasting peace in Ukraine and Europe is to make sure that Russia understands that it cannot win a war of attrition" @lucalerymoffat.bsky.social's latest article highlights the EU reparations loan's strategic significance kyivindependent.com/the-key-to-e...

BOOOOM.

🎙️ Ukraine talks: peace progress or dead end? @veron.bsky.social discusses Ukraine peace talks with @rebeccawire.bsky.social & @guntramwolff.bsky.social, and how the EU can manage the high-stakes standoff between Kyiv, Moscow and Washington. #EconSky Listen here: buff.ly/f8iypdB

Space photographer Andrew James McCarthy @ajamesmccarthy.bsky.social has captured many epic images of celestial bodies, but this may be his greatest: a perfectly timed photo of a skydiving friend with the sun behind him (shot w/ equipment revealing great solar detail). Behold "The Fall of Icarus."

Most recently, it's said that Yi Gang, the well-known former head of China's central bank, was purged due to this. www.chosun.com/english/worl...

📊 The changing global and European environment for sustainability-related financial disclosures 🗓️ 26 November 2025 14:00-15:00 (CET) Join @veron.bsky.social & Sue Lloyd of International Sustainability Standards Board on sustainability-related financial disclosures 🔗 Online only: buff.ly/2D07JJe

Who's going to buy US weapons in future when it's clear Donald & GOP will cut you off if your invader bribes them as part of a "peace plan". Art of the deal.

One thing I absolutely love in central bank rhetorics: declare a boundary, then elegantly step right over it. Here's Richard W. Fisher (Federal Reserve Bank of Dallas) on Obama's 2008 fiscal package

ICE’s Detention Center outside Chicago was sued on October 30 for allegedly abusing detainees. One day later, a "system crash" lost all video footage that could have shown how detainees were being treated. trib.al/QwT3aqI

As F. D. Roosevelt put it in 1941: It is not new and it is not order.

ICE employee among 16 men arrested in Bloomington sex trafficking sting, police say. "When he was arrested, he said, 'I'm ICE, boys,'" Hodges said during a press conference Tuesday. "Well, unfortunately for him, we locked him up."

Trump suggests Khashoggi had it coming: "You're mentioning someone that was extremely controversial. A lot of people didn't like that gentleman that you're talking about. Whether you like him or didn't like him, things happen. But he knew nothing about it. You don't have to embarrass our guest."

Kherson streets covered with anti-drone nets.

🚨 Join us for a special LIVE episode the #Eurofile! This week, Max will sit down with experts to unpack the Euro’s future, digital currencies & fiscal sustainability. 📍 Monday 11/17 at 11:00am EST 🎙️ @maxbergmann.bsky.social @steinbergf.bsky.social @veron.bsky.social 🔗: www.csis.org/events/eurof...

MAGA’s ongoing war on academic freedom, reflected in headlines from the last 24 hours.

In this map @researchremora shows us the urban footprint around the world. I pondered this map for quite a bit. Few of us venture outside of the pink areas for any long stretch of time.

An event at @bruegel.org this week in which my essay published in June (www.bruegel.org/blueprint/br...) was presented and discussed by the great Stefan Ingves

Imagine trying to explain this headline to someone ten years ago www.thebanker.com/content/dfa7...

Ukraine is considering a cocktail of ideas to keep its finances afloat while it waits for Brussels to greenlight new aid, and a big drop in foreign aid in 2026 looms. See my latest piece for the Kyiv Independent: kyivindependent.com/kyiv-plots-h...

come for the bank sandwiched between a junkyard and a funeral parlour, stay for gems like this: “Everyone wants to focus on money, money, money, but [our relationship with the Trump family] actually started with charity” 300 free clicks. Go: on.ft.com/43eocoS

Teen Vogue did some great journalism around immigration detention and enforcement. Sounds like corporate has now killed that off. The media landscape shrinks even further.

Anyway, we need some joy, so here's the Egyptian foreign minister being given a Lego Pyramid by the Danish foreign minister.

Luxury problem for liberal cosmopolitans, some will say -- but surely another indicator of decline: "America, which topped the index in 2014, has dropped out of the top ten for the first time since the ranking began in 2006. It now shares the 12th tier of passports with Malaysia..."

📈 Supranational supervision: unlocking European capital markets 📅 5 November 2025 13:00-14:00 CET What is the future of European capital markets supervision? w/@rebeccawire.bsky.social , Stefan Ingves & @veron.bsky.social 🔗Sign up: buff.ly/txuvR2b

They call themselves conservatives

Leavitt: At this moment in time, the ballroom is really the president's main priority.

Picture of the East Wing demolition of the White House taken on my flight out of DCA.

Old Soviet joke: Why do ICE agents travel in groups of three? One can read, one can write, and the third keeps an eye on the two intellectuals

Here who has signed the Pentagon's press policy: OAN Epoch Times Federalist Real America’s Voice Lindell TV Gateway Pundit Post Millennial Human Events National Pulse RedState TPUSA Timcast Washington Reporter Daily Signal Just the News & some Turkish media and freelancers

So much for relying on private data. Just as govt shutdown denies the Fed official jobs data, payroll processor ADP stops sharing its data with the Fed. via @wsj.com www.wsj.com/economy/cent...