Moscow indicates retaliation if Europe uses Russian assets for Ukraine: NYT reports amid a plan to lend $165 billion to Kyiv using Russian state assets, European officials are mindful of the possibility of blowback as they gather to discuss the idea.
US to provide Ukraine with intelligence for missile strikes deep inside Russia: WSJ reports Trump has approved sharing targeting data with Ukrainians as the administration weighs sending powerful weapons.
Ukraine war’s new front line runs through Denmark: WSJ reports Danes are facing implications of their muscular opposition to Russia’s invasion.
Macron says 'nothing ruled out' if Russian plane violates European airspace: Le Monde reports that after Russia was blamed for drone incursions into Poland and Romania, the French president told a German daily newspaper that 'nothing is ruled out' if a Russian jet breaches European airspace.
France detains Russian ‘shadow fleet’ tanker suspected in drone attack: WSJ reports French President Emmanuel Macron said authorities are investigating incursions into Danish airspace that rattled NATO allies.
Two arrested as French navy boards blacklisted Russian tanker off western coast of France: Le Monde reports the Boracay, part of Russia's sanctioned 'shadow fleet,' was previously off Denmark during drone incursions. French prosecutors have opened an investigation, while President Macron said he would 'remain very careful' and not draw a link to the flights.
The flashing red threat from Russia’s dark fleet: NATO navies struggle to contain a new danger on the seas. Economist
The Trump plan for Gaza deserves praise: America, Israel, and perhaps Hamas, have changed their positions. Economist
Sir Keir Starmer declares a battle for the soul of Britain: The Labour Party takes aim at Nigel Farage and Reform UK. Economist
Labour has decided to stop punching its own voters: Sir Keir Starmer has embraced peace and love of the party’s hippy base. Economist
How the Tories might live again: It will take buyer’s remorse about Labour and fear of the economic consequences of Nigel Farage. Janan Ganesh
Brussels backs Trump-style tariffs on cheap Chinese steel: FT reports new measures would protect industry, but some countries fear that curbing low-cost imports could drive up prices.
Analysis: A storm of PLA purges rages on ahead of key party meeting: How will Xi Jinping maintain balance of power within Chinese military? Nikkei
China launches 'K visa' for tech talent as US clamps down: Nikkei reports Beijing touts 'openness' but move draws online anti-immigrant backlash.
China curbs use of Nokia and Ericsson in telecoms networks: Beijing’s national security drive hits European groups even as Huawei maintains its business on the continent. FT
Bloomberg: Trump vows to confront China over its refusal to buy US soybeans
Trump Asia visit preparations grind to halt with government shutdown: Nikkei reports Malaysia, Japan, and South Korea embassies watch Congress closely. At the end of October, Trump is expected to make his first visit to the Indo-Pacific region in his second term, attending the ASEAN Summit in Kuala Lumpur in Malaysia, stopping by in Tokyo before flying to Gyeongju, South Korea -- the venue of the Asia-Pacific Economic Cooperation (APEC) leaders' week.
+ Lee Jae Myung, South Korea’s president, said that annual defence spending would increase by 8.2% in next year’s budget.
Argentine assets hit by fresh selling amid worries over US bailout: FT reports peso, stocks, and bonds all fall as investors fret over lack of details from Washington on rescue plan.
Bessent’s Argentina rescue pledge put to test by traders attacking peso Bloomberg
Going back to the 1970s won’t save Mexico: Embracing protectionism to prevent Chinese dumping and appease Trump will fail — just like import substitution did. Eduardo Porter
Bank of Canada cut rates despite uncertainty on inflation outlook, minutes say: WSJ reports senior Bank of Canada officials believed a rate cut was warranted even though upside risks to inflation remained intact.
Donald Trump’s tariffs causing economic pain on both sides of the border, Michigan governor says: “Tariffs have been incredibly challenging for Michigan,” said Gov. Gretchen Whitmer at Queen’s Park. “Our economic lives are intertwined.” Toronto Star
The inside scoop on how Canada’s ice-cream giant Chapman’s is rising above tariffs David Olive
Trump’s budget chief, slayer of big government, moves quickly in shutdown: WSJ reports Russell Vought is targeting Democratic priorities and projects since federal funding lapsed.
Trump’s agenda is shaped by Project 2025 author, not Elon Musk Bloomberg
Bloomberg: Trump plans to use shutdown to fire federal workers this week
White House uses shutdown to maximize pain and punish political foes: NYT reports the Trump administration forged ahead with plans to conduct mass layoffs, as the fiscal standoff appeared to intensify.
Trump targets states that voted for Harris in shutdown fight: Politico reports the Office of Management and Budget is withholding billions in energy and infrastructure money in more than a dozen states that voted against Trump.
Congressional Democrats embrace government shutdown, a risky move: WP reports House Democrats gave Minority Leader Hakeem Jeffries a standing ovation in a caucus meeting Monday evening, praising his feisty posture toward Donald Trump.
‘Gen Z Is in the House!’ and other cringe moments in the Democrats’ shutdown marathon: Democrats promised to livestream the shutdown battle until (almost) the bitter end. We watched so you didn’t have to. Politico
Democrats marched into a shutdown trap: Progressive Democrats, like the Freedom Caucus, are urging their party in a dangerous direction. WP-Editorial
Can Democrats break free of the Left? The shutdown isn’t their only problem. The public thinks they’re soft on crime. Karl Rove
White House asks colleges to sign sweeping agreement to get funding advantage: WSJ reports an initial round of nine schools is being asked to sign a wide-ranging accord.
+ “The memo demands that schools ban the use of race or sex in hiring and admissions, freeze tuition for five years, cap international undergrad enrollment at 15%, require that applicants take the SAT or a similar test, and quell grade inflation.”
Hegseth escalates war on leakers with lie detector tests and nondisclosure agreements: WP reports the efforts are part of a wider strategy by the Trump administration and the Pentagon to ferret out officials deemed insufficiently loyal or who provide information to reporters.
Pope makes rare comments on US politics, military gathering: WP reports Pope Leo, asked about the gathering of military leaders in Virginia and a debate roiling Chicago’s diocese, gave his strongest comments on Trump administration policies.
We need to stop being so naive about what America is becoming. Trump and his Secretary of War just showed us why Justin Ling
‘Dangerous cities,’ the military, Trump, and the Founding Fathers: The US armed services have long sought to preserve the tradition of a nonpartisan military. NYT
'War from within,' end of beards, stricter physical tests: Trump and Hegseth unveil new direction for US military: Before nearly 800 generals and admirals, the US president and his defense secretary laid out their vision for a military purged of its 'woke' elements. Its primary mission would now be to combat enemies from within, starting with Democrat-led cities. Le Monde
CBS: UN Ambassador Mike Waltz isn't part of Trump's Cabinet, sources say
America’s pharmacist in chief: The President becomes a drug marketer, while Pfizer gets a tariff break. WSJ-Editorial
Trump keeps blurring the line between capitalism and socialism: President’s plans on drug pricing echo themes of Zohran Mamdani, democratic socialist running for mayor of New York. Greg Ip
Student-loan debt is strangling Gen X: Free-flowing student loans promised upward mobility. Instead, they left the ‘forgotten generation’ with a mountain of debt and regret; ‘I’m going to be working until the day I die.’ WSJ
As stock market booms, Americans have more at stake than ever: WP reports small investors are riding a wave, even as Wall Street’s gains overlay a mixed economic picture and some analysts think the market is overheated.
The Guardian’s new pitch to Americans—it’s not just about Trump: British publisher aims to get more people visiting its website as AI summaries threaten search traffic. WSJ
A ‘Godfather of AI’ remains concerned as ever about human extinction: Yoshua Bengio worries about AI’s capacity to deceive users in pursuit of its own goals. ‘The scenario in “2001: A Space Odyssey” is exactly like this,’ he says. WSJ
Tilly Norwood has Hollywood seething. She’s an AI-generated ‘actor.’ Emily Blunt, Lukas Gage, and Toni Collette are among the actors expressing unease over the AI character Tilly Norwood that is being marketed to Hollywood. WP
Meta to mine AI interactions to help target advertising: FT reports changes signal how the social media giant will make money from its costly artificial intelligence efforts.
Bloomberg: Apple shelves vision headset revamp to prioritize Meta-like AI glasses
AI is not killing jobs, US study finds: Research shows little evidence that cutting-edge tech such as chatbots is putting people out of work. FT
James Anderson warns Nvidia’s $100bn OpenAI bet echoes dotcom bubble: Former Baillie Gifford tech investor says recent jump in AI valuations is ‘disconcerting.’ FT
'China's Nvidia' Cambricon at forefront of AI stock boom: Chinese tech companies dominate list of global top performers last quarter. Nikkei
America’s newest moguls: The Ellisons: With Warner Bros and TikTok, the family would be a force in old and new media. Economist
Walmart to remove food dyes from its Great Value, other private labels: WP reports the nation’s largest grocer will excise certain preservatives, artificial sweeteners, and fat substitutes from its store brands as consumers shift to “cleaner” options.
All dressed chips were a Canadian secret. Now they have a rare shot at US stardom: For decades the ‘all dressed’ potato chip has been a made-in-Canada oddity. Now it’s on the cusp of winning over legions of hungry Americans. Toronto Star
Jane Goodall, who studied chimpanzee behavior for decades in Africa, dies at 91: WSJ reports the British primatologist and global activist won the trust of a chimpanzee group in 1960 that became the focus of her life’s work.
In Finnish Lapland, tourism is encroaching on the last remaining sanctuaries: The 'Green to Grey' investigation reveals the consequences of the tourism boom in Finnish Lapland. Popular with French tourists, this region is one of the last remaining areas of unspoiled nature in Europe. Le Monde
San Francisco is running out of patience with your dog: In San Francisco, pets put their paws on cafe counters, roam sports bars, and lick gym-goers during sit-ups. WSJ
They’re the surprise of the year in college football—and their MVP is a 48-year-old lawyer: Vanderbilt was a doormat in the Southeastern Conference until quarterback Diego Pavia showed up. Now he’s back, but only thanks to a former Vandy cheerleader turned antitrust attorney. WSJ
Are ‘super spikes’ powering America’s running resurgence? Cole Hocker, who has won world titles for the US in the 1,500 and 5,000 meters, said he could be benefiting from new shoes that may give an edge to bigger, heavier runners. WSJ
They were a Super Bowl favorite—until everything started going wrong: Week 4 of the NFL season featured another ugly day for the Baltimore Ravens—along with a rookie quarterback who gave a lifeless New York Giants franchise some hope. WSJ
Jurgen Klopp says MLS quality ‘constantly increasing’ but US youth soccer too expensive TA
Enjoy the ride + plan accordingly.
-Marc
Marc A. Ross | Chief Communications Strategist @ Caracal
A11. | October 2
