Monday, June 15, 2026
Canadaâs Carney says middle-power countries shouldnât compete for favor with the US (AP) Canadaâs Prime Minister Mark Carney continued his efforts to pivot away from the United States and align with Europe, meeting with the leader of Ireland on Saturday ahead of the upcoming G7 summit and saying middle power countries shouldnât compete for favor with America. Carney said that Canada and the European Union have a combined population that is more than twice that of the United States, with a similarly sized economy and a collective defense budget that is twice that of Chinaâs. He said smaller nations can multiply their strength by partnering with like-minded allies. âIn a world of great power rivalry, middle powers have a choiceâto compete for favor or to combine to create a third path with impact,â Carney said at Trinity College in Dublin. He made similar comments at the World Economic Forum in Davos, Switzerland, which became a symbol of middle-power resistance in January, when he declared the global rules-based order over and condemned coercion by great powers on smaller countries.
Trump at 80: A President âReally Uncomfortableâ With Aging (NYT) He stays up late, phoning lawyers and lawmakers, while posting up to 150 times a night on Truth Social. His mornings involve calls with world leaders about the war in the Middle East, or talks with landscapers about replanting a bothersome tree. When he arrives in the Oval Office, his unstructured days unfold like a time-lapse video, with people zipping around him as he stays seated at the center of the frame. As President Trump turns 80 on Sunday, he is so intent on projecting an image of relentless energy that he has installed a massive, mixed martial arts octagon on the South Lawn to mark the occasion. After watching the fight, Mr. Trump will depart Washington in the middle of the night and cross an ocean for a diplomatic summit in France. It is a schedule that seems devised to ward off questions about age and stamina as he begins his ninth decade. But even for a president known for imposing his own reality on every situation, Mr. Trump is facing scrutiny over his age that has grown more intense with each passing year. A Reuters/Ipsos poll taken in February showed that nearly six in 10 Americans think Mr. Trump is growing more erratic. And the oldest president ever to be inaugurated and his advisers spend a lot of time hitting back at people who have drawn a different set of conclusions about his health based on what they believe they can plainly see.
Wages Are Falling. Wealth Is Surging. No Wonder Americans Are Unhappy. (NYT) Two events from the past week help crystallize this strange, contradictory moment for the U.S. economy. On Wednesday, the Bureau of Labor Statistics reported that the surge in energy prices had wiped out a year and a half of wage gains for the average American worker. On Friday, the public-markets debut of SpaceX made Elon Musk the worldâs first trillionaire. That stark juxtaposition helps explain why many Americans, in survey after survey, say they no longer believe the U.S. economy is working for them. A few people are getting fabulously, unimaginably wealthy at the same time that entire generations of families worry they will never be able to afford to buy a house, raise children or enjoy a comfortable retirement. Inequality is hardly a new feature in America. But the explosion of wealth at the very top is without precedent in U.S. history. At the height of the Gilded Age at the end of the 19th century, the richest handful of Americans had a net worth equivalent to about 3 percent of the countryâs annual economic output, according to data compiled by the French economists Gabriel Zucman and Emmanuel Saez. Today, the fortunes of the same 0.00001 percentâabout 20 individualsâmake up roughly four times as large a share, equivalent to 12 percent of annual output.
US strike against Tren de Aragua leader in Venezuela (AP) The U.S. military attack in Venezuela Friday that killed the leader of the Tren de Aragua gang reflects a strategic shift by U.S. President Donald Trump toward direct U.S. involvement in the war on drugs that began earlier this year, with a special focus this time on gaining access to Venezuelaâs lucrative mining sector, analysts told The Associated Press. Trump announced Friday the death of gang leader Hector Rusthenford Guerrero in an airstrike on his compound in rural Venezuela. He has long accused Guerreroâs organization, also known as TDA, of terrorizing communities across the United States, where it has been linked to extortion rackets, drug trafficking and illegal immigration. The group was listed as a foreign terrorist organization by the State Department last year. Venezuelaâs government said in a statement Friday that it worked with the U.S. to kill the gang leader, also known as El NiĂąo Guerrero, and described the airstrike as part of a âjoint operationâ to fight organized crime.
Record number of young people in England fear long-term unemployment (Guardian) Young people in England are increasingly âlosing faith in their futuresâ according to a report, as record numbers fear long-term unemployment. Analysing survey data, including from the Office for National Statistics, the Institute for Public Policy Research (IPPR) said 16- to 21-year-olds were less confident about being successful than a decade ago. Younger people are also less convinced than their older counterparts that hard work will be rewarded, the IPPR said. Just one in four 16- to 29-year-olds agreed with the statement that âeveryone has a fair chance to go as far as their talent and hard work will take themâ. Policymakers have become increasingly concerned about the challenges facing young people, with the number of people aged 16 to 24 who are not in education, employment or training (Neets) recently exceeding 1 million for the first time in a decade.
Germany and Japan Are Rearming Again, 80 Years After World War II (NYT) In 1940, the imperial regimes of Germany and Japan joined what would be known as the Axis powers, bound by mutual opposition to the United States. They fought a world war, and they lost it, and their populations spent the next 85 years with shrunken militaries and a heavy reliance on their former enemy, America, for security. Now, both countriesâ wariness of America has resurfaced, alongside heightened fears about a surging world power, China, and an aggressive Russia. Tokyo and Berlin are rushing to rebuild their militaries. And, once again, they are strengthening ties. Their cooperation is expected to gather momentum at the meeting of the leaders of the Group of 7 nations in Evian, France, this week. It already includes sharing know-how, technology and weapons, like drones and helicopters, critical to the countriesâ respective efforts to rearm. It is hardly an Axis redux. This time, Japan and Germany are banding together from a defensive posture, with Berlin supporting Ukraineâs defense against Russia, and Tokyo wary of threats posed by China and North Korea. They are joining other like-minded âmiddle powers,â like fellow Group of 7 members Britain, Canada and Franceâtheir enemies in World War II. And they are casting themselves as champions of international law and institutions that serve as bulwarks against the bullying behaviors of the worldâs most powerful countries.
Downtown Geneva boards up as drastic security tightens ahead of anti-G7 protests (AP) Scores of shops and businesses in downtown Geneva boarded up their storefronts with wooden panels ahead of planned anti-G7 protests on Sunday. French and Swiss authorities have imposed extensive security measures as U.S. President Donald Trump and other leaders attend a G7 summit of leading industrialized nations starting on Monday. There are concerns the gathering could trigger violent unrest. The June 15-17 summit of some of the worldâs richest nations being held in the French town of Evian-les-Bains, on Lake Geneva, is meant to discuss the Middle East, Ukraine and global economic imbalances.
Ukraineâs drone commander wants to cut Crimea off from Russia (Reuters) Deep in an underground bunker, where walls of screens stream live data from across the battlefield, the commander of Ukraineâs drone forces is poring over terabytes of information to âmap out his next campaign: cutting Crimea off from Russia. Ukraineâs escalating drone strikes across Russian-occupied parts of the country have disrupted military logistics and fuel supplies, prompting authorities last month to introduce fuel rationing in âCrimea. Robert Brovdi, commander of Ukraineâs Unmanned Systems Forces, said the campaign has reduced the traffic using the Novorossiya highwayâa critical Russian military supply route through occupied southern Ukraine to Crimeaâby more than two thirds over the past month. âWe will isolate Crimea in the near future,â Brovdi told Reuters in his cramped cubicle inside the bunker.
With a Deal Seemingly Close, the U.S. Faces an Iran More Willing to Withstand Pressure (NYT) The United States and Israel went to war in Iran seeking regime change. Nearly four months later, there has been regime change, but not the kind they wanted. The Islamic Republic 3.0, as some call it, is now less a theocracy and more a military junta dominated by the powerful Islamic Revolutionary Guards Corps. Washington and Jerusalem also went to war to eradicate Iranâs nuclear program and end the threat it poses. So far, this conflict has only produced a wounded Iran more willing to take risks and more likely to persist in its goal of advancing its nuclear program. In the course of this war, Iran has gone from appearing weak and defenseless to a regime not only surviving, but also retaining important military and nuclear abilities. Iranâs extensive security apparatus seems firmly in control of all aspects of governing, society and foreign policy.
Lebanese army withdraws from southern village after Israeli troops advance nearby (AP) The Lebanese army on Saturday withdrew its troops from a base in a southern Lebanese village after Israeli troops advanced in an area nearby, a military official said. Israelâs military appears to be trying to make as many gains as possible in case a U.S.-Iran agreement is reached to end the war in the region, which is likely to include Lebanon. The departure from the army barracks in Kfar Tebnit came as the Israeli military issued an evacuation warning for about 20 locations, including the southern city of Nabatiyeh and nearby villages. Lebanonâs state-run National News Agency reported airstrikes on Saturday on different villages near Nabatiyeh. It added that Nabatiyeh was subjected to artillery shelling on Saturday.
The worldâs wealthy are migrating like never before (Economist) These are unsettling times, even for the rich. Many of those wealthy enough to move abroad for low taxes or their physical or political security are less sure these days about settling in Dubai or Hong Kong, even America or Britain. And a growing industry of trusted advisers stands ready to help the rich relocate. For these consiglieri, business is booming. Last year more than 140,000 millionaires migrated, the most on record, reckons New World Wealth, a research firm; this year it expects the figure to rise to 165,000. IMI, another research outfit, estimates that the investment-migration industryâwhich advises both rich would-be expatriates and governments seeking investment and talentâturned over $40bn in 2025, twice as much as in 2019. IMI counts more than 1,200 companies providing investment-migration services. They include law firms, providers of property or investment funds linked to citizenship or residency, accountants and so on.
















