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Putting some intelligence into US military spending

A new report warns Congress that the US could struggle to win, or might even lose, a war against China or Russia, because America’s military has “failed to keep pace with changing security challenges.” Why? One reason, according to the bipartisan National Defense Strategy Commission, is that military planners have to deal with a budget that shifts unpredictably from one ...

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Beijing is confronting credit pain, and blinks

China’s falling stock market has prompted a flurry of activity to prop up prices. From delaying forced sales of pledged stock to turning on the credit engine again, authorities see the declines as emblematic of concerns over the economy. Investors have pulled about 3.2 trillion yuan ($460 billion) out of the market this year, according to net capital data from ...

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A Thelma and Louise Brexit? You know the ending well

Committed Brexiters, including former Brexit secretary Dominic Raab, have arrived at the conclusion that the deal Prime Minister Theresa May has negotiated is not just bad; it’s worse than remaining in the European Union (EU). That’s axiomatic. But what’s their plan? It’s not to cancel Brexit. And it’s not to hold a new public vote. Their preference appears to be ...

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