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NATO Countries Announce Creation of an International Bank of War

Okay, they’re not really going to call it that, but a coalition of NATO countries is looking to open a bank that can guarantee loans to defense contractors. The problem is, though NATO countries are beefing up their war readiness, manufacturers of weapons and war materiel are finding it hard to secure financing from normal banks. European laws restrict banks from dealing in pornography and tobacco (defense contractors all smoke and watch porn videos at work, evidently). Thus a loan-guarnteeing entity could ease the conscience of the banking establishment. The new entity is actually going to be called the Defense, Security and Resilience Bank, or DSRB. Already, Canada, Luxembourg and seven other countries, including Turkey and Ukraine, have announced their support for the DSRB. Contractors are under increased pressure as European nations, per Donald Trump’s mandate, are increasing defense spending, the goal being 5 percent of each year’s budget. Canadian Prime Minister Mark Carney, a former Bank of England governor, is the impetus behind the venture, which so far has attracted only middle-level NATO countries, not the biggies like Great Britain and Germany. 

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My Take

Kowtow: The Presidential Posture Toward Superpower Leaders

President Trump’s reverential treatment of superpower leaders became painfully evident when he greeted madman Vladimir Putin in Alaska to resolve the war in Ukraine. He not only rolled out the red carpet — literally — but he also fawned all over the Russian dictator. Until the very end…. When the peace summit, so-called, was over, Trump looked defeated. He immediately assigned further negotiations to Ukraine’s Volodymyr Zelenskyy and receded into his White House cubicle, aka Oval Office, upon returning to D.C. Trump’s posture toward those in power was even more evident on his visit with China’s Xi Jinping. When it was over, he immediately put on hold an arms sale to Taiwan after Xi warned him not to interfere in the island’s future. Taiwan should be worried. Xi has indicated 2027 is the year of the proposed takeover. When it comes to our “weakling” allies of many decades in Europe, Trump has no problem walking all over them, even pulling the plug on American NATO forces on the mainland. He last month completely alienated his sole European ally — Italy’s Prime Minister Georgia Meloni — when he publicly said she “begged” him for a photo op. Trump is now in

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How the States Forced Congress to Give Up Control of the Senate

By the early 1900s, the United States Senate had become a national embarrassment. Seats sat vacant for months—sometimes years—because state legislatures couldn’t agree on whom to appoint. Corporate interests, particularly railroad and mining magnates, openly bribed state legislators to install sympathetic senators, earning the chamber its notorious reputation as the “Millionaires’ Club.” And perhaps most perversely, state legislative races—meant to address local concerns—had been completely hijacked by national politics, with voters choosing their representatives based solely on which U.S. senator candidate they promised to support. This wasn’t what the Framers had envisioned when they wrote Article I, Section 3 of the Constitution in 1787, establishing that each state’s two senators would be “chosen by the Legislature thereof.” The system was designed to protect states’ rights and serve as a deliberate check against what the Founders feared as “popular passion.” But by the late 19th century, that elegant constitutional mechanism had collapsed under the weight of its own contradictions. The dysfunction reached its nadir in 1905, when Delaware’s legislature became so hopelessly gridlocked that the state went entirely unrepresented in the U.S. Senate. It wasn’t an isolated incident. Across the country, legislative deadlocks routinely left senate seats empty, depriving states of

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My Take

Trump’s Soccer Magic Turns Toxic as USA Gets Embarrassed, 4-1

I could sense it coming even before President Trump waved his magic wand and got striker Folarin Balogun reinstated from his suspension. The U.S. Men’s National Soccer Team (USMNT) was about to get a brutal comeuppance from Belgium, which happened tonight to the tune of 4 to 1 in the Round of 16. I actually turned off the game after Belgium, early on, scored one of the easiest goals in the whole 2026 FIFA World Cup Tournament. It looked as if the U.S. team was hardly paying attention to its opponents. I switched channels to watch the New York Mets baseball game, and their broadcast team kept everyone up to date with the soccer score: First, 2-1, then 3-1, finally 4-1. “Very bad day…. When that happens in a tournament like the World Cup, you don’t have another chance,” mused U.S. coach Mauricio Pochettino afterward. (Speaking of whom, I’m not sure how he leads the team. I can barely understand a word of his so-called English.) I think Belgium became even more determined to embarrass the U.S. squad after Trump got Balogun off his red-card penalty so he could participate. When that was announced yesterday, Belgian soccer officials dubbed it

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U.N. Chief Wants a Ban on Killer Robots

United Nations Secretary-General António Guterres is calling for an end to autonomous weapons of warfare that could be turned against civilian populations. “Machines selecting and engaging their target and taking a life — without human control and judgment. That is morally repugnant,” Guterres said. “Let us call them what they are: killer robots.”  Pope Leo XIV earlier this year also warned of artificial-intelligence (AI) weaponry and combat reliance on AI. He feared that AI could make combat more palatable for those in charge. Anthropic is currently in a legal war with the Pentagon over the use of its AI tools for warfare and/or domestic surveillance. The Pentagon basically rejected Anthropic’s conditions, countering that it would use AI for any legal purpose it saw fit. Which no doubt means in warfare. The two are still locked in a court battle. Drones were not brought up in any of these discussions, evidently because they’re here to stay as a weapon of warfare. Drones, of course, rely on semiconductor chips and AI to find their targets, along with human help. Actually, if war came down to robots fighting robots with no civilians threatened, that could be a plus. But that’s unlikely. If one

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Born with a Silver Trump Account in Their Mouth

Trump Accounts are here! All new U.S. babies can now be enrolled in these accounts with a starting sum of $1,000 provided by Trump, er, by the government. Parents, and even the children if they start working before 18, can contribute up to $5,000 each year. Trump Accounts are a national tax-advantaged investment program for children under 18 that officially went live on July 4, 2026. The U.S. Treasury Department provides a $1,000 seed deposit for eligible babies born between 2025 and 2028, with families allowed to contribute up to $5,000 annually. Accounts can be managed via the Trump Accounts Portal. To mark the official nationwide rollout, President Trump rang the opening bell for the NYSE and Nasdaq directly from the White House on July 6, 2026. The program was established under the One Big Beautiful Bill Act, limiting initial investments to low-cost index funds and ETFs that track the broad U.S. market, such as the S&P 500. Withdrawals are generally restricted until the child turns 18, at which point the accounts transition into traditional IRAs. As the speakers at today’s White House ceremony noted, the hope is to instill the spirit of capitalism in the recipients, who will —

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For a Fledgling Democracy, Early US Politics Had the Elite Choosing Our President

Here’s something that might surprise you: for the first few decades of American history, most citizens couldn’t vote for president at all. Their state politicians just picked the president’s electors for them—no public vote required. So how did we get from that system to the one we have today? It wasn’t a single law or dramatic moment. Instead, it was a messy, state-by-state process that took nearly 80 years to complete. What Are Presidential Electors, Anyway? Before we dive into the history, let’s clear up what “electors” actually means. When you vote for president today, you’re not technically voting for the candidate directly. You’re voting for a slate of electors—people who will officially cast your state’s votes in something called the Electoral College. It’s these electors who actually choose the president. The U.S. Constitution left it completely up to each state to decide how to pick these electors. And in the beginning, most states decided their legislatures would just choose them behind closed doors.

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