There is a certain seductive logic to watching your rival gain advantage through state support and concluding that you should respond in kind. Across the American political spectrum, from think tanks like the Information Technology and Innovation Foundation to conservatives who once treated “picking winners” as a term of derision, industrial policy has staged a remarkable comeback.

Abstract:

President Trump’s Iran deal has opened an explosive second front in MAGA’s civil war, waged by hawkish allies who view U.S. concessions as an existential betrayal of Israel.

[Published in the Wall Street Journal, June 17, 2026 - ed.]

Thanks in large part to the erratic and often-destructive policies coming from Donald Trump’s White House, the Democrats are favored to win both houses of Congress, as they hope to flip several Republican-held seats in the House and the Senate. One of the most closely-watched races is the Senate campaign in Maine, where upstart Democrat Graham Platner is favored to end Sen. Susan Collins’s long political career.

The Federal Reserve’s Federal Open Market Committee Today announced that it will keep its target policy interest rate at 3.75 percent. The FOMC has held to this target now for seven months, but has reduced the target rate by 175 basis points since August 2024. The committee’s statement, released this afternoon, is considerably shorter than those released by former chairman Jerome Powell, coming in at only 125 words. The statement reads: 

According to the Washington Times from June 10, 2026, the US President Donald Trump brushed off the rising inflation number—i.e., the yearly growth rate of the consumer price index (CPI)—which jumped to 4.2 percent in May from 3.8 percent in April.

Still no sign of market freedom at the Fed. The Fed will use its powers to buy and sell assets to manipulate interest rates. 

On April 14, 1912, at 11:40 pm, the Titanic—the legendary passenger ship regarded as unsinkable—tore open its hull on an iceberg during its maiden voyage from Southampton to New York. The watertight compartments filled with water, and—just 2 hours and 40 minutes later—the ship sank in the icy waters of the North Atlantic. Approximately 1,517 people lost their lives—not least because the Titanic did not carry enough lifeboats and the crew failed to summon help by radio in time.