Rising Prices Are Bad, but Plummeting Prices Are Worse
Americans may envy China’s deflation. They shouldn’t.
Global
The New German War Machine
After World War II, Germany embraced pacifism as a form of atonement. Now the country is arming itself again.
Trump’s Devastating Plan for Ukraine
The White House is giving Putin permission to try again.
A Self-Defeating Reversal on Ukraine
The Trump administration had actually begun to make progress. Now it’s all in doubt.
What if ‘America First’ Appears to Work?
“Might makes right” is still wrong for America, but opposing it just got harder.
What Reconstructing Gaza Really Means
Making this cease-fire a lasting peace will require both Palestinians and Israelis to look inward as well as across the border.
What Democracy in Venezuela Would Require
Toppling a dictatorship is easier than building a functional state to take its place.
China’s EV Market Is Imploding
Beijing’s grand ambitions threaten to take down the global car industry.
Why Trump’s Ukraine Peace Efforts Keep Failing
Moscow doesn’t want a transactional deal. Washington needs a better plan.
The Battle Iranian Women Are Winning
The mandatory veiling of women was once a pillar of the Islamic Republic. Now it’s almost gone.