News and Views on the Global Stage....

Devil
My Take

The Devil Is In the Details, So Where Are the Details?

President Trump got the results he envisioned when he unilaterally announced yesterday the completion of a peace deal with Iran that would open the Strait of Hormuz and do many other wonderful Trumpian things. Today oil is down, and stock markets are skyrocketing worldwide. The best part, of course, is that global attention is focused on Trump, who is in France this week for the G-7 summit. After Trump yesterday boldly announced that “we have peace for our time” (Neville Chamberlain’s phrase, borrowed here for emphasis), many commentators said, “The devil is in the details.” And that’s the interesting — and alarming — part. Neither the U.S. nor Iran has released any  details of the so-called “finalized” memorandum of understanding (MOU). Asked today at the G-7 Summit when the details would be released, Trump hemmed and hawed and then said it might be “sometime after the signing” on Friday. Natch, because there are no agreed-upon details, just Trump with more of his art of the deal in promulgating a “truthful hyperbole.” In other words, Trump hopes what he’s saying is in the agreement will actually be in the agreement when — and if — it is signed. And that “if”

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UFC2
Currently...

Trump Pulls Off Impressive ‘Truthful Hyperbole’ with UFC 250 at White House

DAY AFTER: This was truly the most spectacular event I have ever witnessed, even surpassing the 200th U.S. Anniversary in 1976, which I celebrated in Philadelphia and New York. Congrats to everyone involved in putting this on, and certainly to President Trump for having the inspiration for it in the first place. I’ve never watched UFC fights before, but I must admit that the last two on the card were mesmerizing, though a bit brutal in the main event. ORIGINAL TEXT: I’m not a UFC fan, but I just had to check out the Trump-sponsored event at the White House called UFC Freedom 250. It was held on Sir Donald’s 80th birthday, which is also Flag Day, and it was impressive, I have to admit. I’m at a loss of words for the fights themselves, since I have no knowledge of the sport or of the fighters. As I write this, the event is still taking place. I’ll leave you all with this impression: “Wow, Trump knows how to put on a show!” N.B. “Truthful Hyperbole” is the term Trump uses in his book, “Art of the Deal,” to describe exaggerations and, yes, downright fabrications (i.e., lies).

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Milken
My Take

Michael Milken Sets the Gold Standard for Rehabilitation after Prison

Michael Milken, once known as the “Junk Bond King” in the 1980s, has completely reshaped his career over the last few decades. Following his 1990 securities fraud conviction and subsequent prison time, he was barred from the securities industry for life (and was later pardoned by President Donald Trump in 2020). Today, with an estimated net worth of around $6 billion, he operates as a prominent mega-philanthropist, think-tank chairman, and private investor. His current focus centers on three major areas: The Milken Institute & The “Davos of the West” Milken serves as the chairman of the Milken Institute, a highly influential economic think tank. Global Conferences: The institute hosts more than 250 events annually. Its flagship event, the Milken Institute Global Conference in Los Angeles, is often dubbed the “Davos of the West Coast.” It brings together thousands of CEOs, hedge fund managers, tech leaders, and politicians to discuss global finance, tech, and public policy. The Economic Mobility Alliance: Launched recently through the Institute, this initiative coordinates multiple programs to streamline access to capital and foster economic growth for underserved communities. Medical Philanthropy & Public Health A prostate cancer survivor himself, Milken has dedicated hundreds of millions of dollars to

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King4ADay
Currently...

Trump Issues Unilateral Peace Declaration

Trump couldn’t wait to get Iran to sign off on a peace deal he announced this past week, so he just proclaimed it approved and implemented all by himself. Thank you, King Donald. Let’s see if the other parties, including Iran and Hezbollah, agree to — and abide by — the terms you’ve announced. Here’s the statement issued just a while ago by Trump: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!” Aha, let’s see if the IRGC actually lets ships through the Strait. Pakistan’s Prime Minister issued a concurrence, saying both the U.S. and Iran have agreed to the deal, and a signing ceremony will be held in Switzerland on Friday, June 19. No word out of Terhan yet that I’ve seen, however. POSTSCRIPT: Iran subsequently confirmed that a memorandum of understanding (MOU) had been “finalized,” but even U.S. officials admit that “details” need to be worked out prior to the signing. In a fit of

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Tantrum
My Take

Trump Can’t Seem to End the War He Started

No, Donald, Iran is not Venezuela, and there’s no Delcy Rodriguez clone there to save your butt. Sadly, our president is finding it much more difficult to stop a war than it is to start it, especially when those Iranian hardliners hold sway over every decision. Shoulda thought about that at the start, Mr. President. But, oh, no, you thought you could replicate the instant success of your Venezuelan coup, but it might take two to four days instead of two to four hours. Wrong! The latest development in the ongoing Middle Eastern saga sees Hezbollah firing missiles on Northern Israel, and  Israel responding by bombing Hezbollah enclaves in Beirut, Lebanon. This got Trump’s ire up, and in a post indicated that it was no big deal for terrorists to bomb Israel’s sovereign territory. After all, hasn’t everyone already evacuated or taken shelter? On Truth Social, Trump said the Hezbollah attack was “very small and meaningless, nobody was hurt, injured, or killed, and should not disrupt this important process.” Further, the Israeli attack on Beirut “should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran.” Once again, we find Donald

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Crystal
Currently...

He Said/They Said: Trump’s Crystal Ball Shortcircuits

President Trump is predicting that a deal with Iran, in the form of a memorandum of understanding (MOU), will definitely be signed tomorrow, June 14, on his 80th birthday. Iran, however, says it may be signed sometime soon, but not tomorrow. Now, we can chalk up Trump’s never-ending “deal tomorrow” predictions to the intransigence of the Iranian leaders, or we can chalk it up to Trump’s art-of-the-deal reliance on “truthful hyperbole.” In his book, “Art of the Deal,” Sir Donald explains: “People want to believe that something is the biggest and the greatest and the most spectacular. I call it truthful hyperbole.” (See my recent post for more details on Trump’s negotiating techniques.) Yes, indeed, we all want to believe that the major portion of this ill-conceived war is coming to an end, and that the Strait of Hormuz will reopen and operate as it was before the war. However, here too, if I read Iran’s statements correctly, the Iranians are now claiming they and they alone have the power to control passage through the strait. Anyway, tomorrow ain’t far off, so I guess we’ll all know by Sunday this time, or earlier. Final thought: It appears that Trump’s hyperbolic

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Ruskiya
Currently...

Drones Away: Ukraine Pierces the Putin Pretense of Great Power Status

You gotta hand it to them: The Ukrainians have taken the battle to their more powerful invader, the Soviet Union Redux, aka Russia, with the development and deployment of drones. Not only that, but on the ground in Ukraine — in a war that’s dragging on into its fifth year — Ukrainian drones are pushing back Russian troops in the Donbas region. The threat to Russia is so great that its recent celebration of WWII Victory was scaled back to protect its weapons and military personnel from drone attacks from Kyiv. Ditto with Russia’s recent economic summit in St. Petersburg. Russia seems to rely on Iran for its drone arsenal, while Ukraine is developing its own production facilities and technology to keep ahead of Putin and his military push. Remember, when this war started, predictions were that Russia, unleashing a tank onslaught from Belarus, would take over Kyiv and execute its leaders within three days. Instead, as mentioned, this is a multi-year confrontation, with Russian troops stalled in Ukraine’s eastern provinces. Just in the past couple of weeks, Ukraine has targeted the heart of Russia’s economy — its oil terminals and refineries, as well as some of its military training

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