Aftermath: Plastics Clogged in the Persian Gulf
In today’s inaugural newsletter: plastic supply chains, sulfuric acid export bans, and the war drags on.
latest
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
Khan vs. Cutter: A Tale of Two Careers
It was the age of corruption, and maybe, it was also the age of integrity.
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Trump’s Kiss of Life
Canada’s Mark Carney, Denmark’s Mette Frederiksen, and maybe even Britain’s Keir Starmer can thank Trump for reviving their sagging fortunes. Viktor Orbán, not so much.
Congressional Black Caucus to Support Spying Powers Used on BLM Activists
The Congressional Black Caucus will support the clean reauthorization of FISA Section 702, a warrantless surveillance authority that has been used to spy on African Americans.
How the Iran War Threatens the AI Economy
Supply chain disruptions threaten the flow of computer chips, which power AI models.
Re-enacting the Crusades
Pete Hegseth’s Christianity—tribal, with plenty of enemies who deserve the sword—is central to the MAGA worldview.
listen
Organized Money: Up Ship’s Creek: The Crisis at the Strait
The U.S.-Israel-Iran war choke point at the Strait of Hormuz will ripple through the global economy for years.
Organized Money: California Attorney General Rob Bonta Is Not Done With Ticketmaster
The system is not completely broken, and it shows when states pick up the shattered pieces of our federal system.
Organized Money: The Business of Betting on Murder with Sen. Chris Murphy
Bet you can’t guess who is insider trading the Iran War.
FROM THE MAGAZINE

The Far-Right Cash Machine
There’s money in bigotry, and specialized crowdfunding platforms are where to get it.
A House of Labor Divided
Internal rivalries among the leaders of the United Auto Workers are sapping the momentum from its historic victories.
Private Equity’s Great Escape
The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
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Today on tap: commentary on the daily news
Trump’s Kiss of Life
Canada’s Mark Carney, Denmark’s Mette Frederiksen, and maybe even Britain’s Keir Starmer can thank Trump for reviving their sagging fortunes. Viktor Orbán, not so much.
Israel and the Cease-Fire
Will Bibi Netanyahu manage to keep the war going, or will Trump finally appreciate that U.S. interests and Bibi’s are far from identical?
culture
Vertical Vertigo
Brian Callaci’s book describes the deregulatory strategies franchisors use to protect their profits.
The Legacy of the Subway Vigilante
Two new books reveal how a 1980s shooting reflected rising right-wing attitudes in a rapidly gentrifying New York.
Capital Ideas
Two books on the history of capitalism provide lessons for how to tame it.



