Trump's war has brought American strategy to a dead end.

Civilizationism would upend America’s role in the world.

Judged by the initial strategic goals set by Russian President Vladimir Putin in 2022, Russia’s military lost its war against Ukraine some time ago. Yet Russia’s armed forces have not stopped fighting and continue to prosecute large-scale combat operations in a brutalizing, protracted war sucking up

A big dose of luck, and a distinctly odd character

Minutes of the Board's discount rate meetings on July 20 and July 29, 2026

Russia's full-scale invasion of Ukraine is fueling a defiant cultural outpouring that is redefining and strengthening Ukrainian national identity in ways that challenge centuries of Kremlin imperialism, writes Davis Richardson. The post A cultural renaissance is reshaping national identity in wartim

Kremlin dictator Vladimir Putin is pursuing longstanding Russian imperial objectives in Ukraine and will not stop until he is forced to accept the irreversible reality of an independent Ukrainian state, writes Peter Dickinson. The post Russia’s war will not end until Putin accepts Ukrainian independ

Transforming the military has changed the war—and upended politics.

Expanding the stockpile could weaken deterrence.

Piero Cipollone: From vision to delivery: building Europe’s tokenised financial market