The Nobel Peace Prize goes to Navi Pillay for her defense of international law, just as Trump is waging war against it, says @andreaskluth (via @opinion) https://t.co/2raxHCbiPR
BREAKING NEWS
The Norwegian Nobel Committee has decided to award the 2026 #NobelPeacePrize to Navanethem “Navi” Pillay for her efforts to promote peace and international law.
#NobelPrize
The 2026 Nobel Peace Prize was awarded to Navanethem “Navi” Pillay for her efforts to promote peace and international law. Pillay served as a judge in South Africa, at the International Criminal Tribunal for Rwanda and the International Criminal Court. Read more: https://t.co/a1N3QDHvj5
📷: Fabrice Coffrini/AFP
Two for two now since Fed’s Sep rate hike…. So inflation is not as hot, and neither is labor market, nor wages.
This is just 2 weeks after the FOMC meeting.
Last year we noticed data showing enormous increases in gold exports from Africa to the UAE, particularly from countries adjacent to war zones in places like Congo & Sudan. Since then we've been flying around the world to follow the supply chain & crunching the numbers 🧵
5 things that happened this week:
US government borrowing costs have risen to levels last seen in 2007
These tend to spill into credit cards, mortgages & car loans
Higher energy prices & stubborn inflation could push rates even higher
1/5
https://t.co/xmm4Nbf2Zn
The United Nations will offer policy advice and expertise to help six countries in Africa and Asia to benefit more from their critical minerals https://t.co/rEd8OpwP1v
Tomorrow, one possible outcome after the Fed hiked, is that we may discover that tightening doesn’t lower long-term yields. If that happens, it would confirm that fiscal is the culprit in the whodunnit saga.
By raising the government’s marginal funding cost, a rate hike enlarges future interest deficits and increases the amount of debt Treasury must place with private investors. If investors doubt that fiscal policy will offset those costs, the term premium could rise, pushing long yields higher and reinforcing the deterioration in debt service.
Expert Briefing: Latin America’s Moment?
The world is changing. Conflict is up, interest in critical minerals supply chains is expanding, and the US is more focused on its neighborhood, creating new risks and opportunities in the Western Hemisphere. Could this be a moment for Latin America?
Join our senior experts for a briefing on how Latin America is navigating the new geoeconomics landscape, featuring insights from @Jimezu, @ChrisJKennedy, @dridupita, and Vinicius Nunes and moderated by @lyndsayhoward.
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This might not make me popular but I remain continuously impressed by Carney: to me, one of the few (if not the only) genuine statesman in the West.
It genuinely takes incredible balls and statesmanship - especially for Canada, arguably the western country that's most dependent on the US - to walk away from the table and match Trump's tariffs China-style.
Europe, with far less dependence on the US and considerably more resources than Canada, just pathetically caved and signed on Trump's humiliating terms when in the same situation.
US strikes and restrikes on Iran have become the American equivalent of mowing the grass. Restrikes are a hallmark of Trump's way of war, but risk entangling the US in a long conflict.
Reupping my @business essay on the fallacy of Trump's approach: https://t.co/3QIY0PHwRw