Thucydides, an ancient Greek historian whose writings on war and power politics continue to influence modern diplomacy more than 2,000 years later. Thucydides, an Athenian general and historian who lived during the 5th century BCE, remains one of the most influential thinkers in international relations more than two millennia after his death. His masterpiece, History of the Peloponnesian War, chronicled the devastating conflict between Athens and Sparta, but what set his work apart was his methodology. Unlike contemporaries who relied on mythology or divine intervention to explain events, Thucydides focused on political strategy, human behavior, military power, and economics, creating one of the earliest examples of analytical history and political realism. At the heart of his analysis lay a deceptively simple observation: rising powers create fear in established powers, making conflict more likely. As Thucydides famously wrote, “It was the rise of Athens and the fear that this inspired in Sparta that made war inevitable.” This insight became the foundation for what Harvard professor Graham Allison later popularized as the “Thucydides Trap”, the dangerous dynamic that emerges when a rising global power challenges an existing dominant one, potentially pushing both toward confrontation even if neither actively seeks war. $AIGENSYN $PIEVERSE $CHIP
The Federal Reserve may need to do more than simply drop its easing bias after years of above-target inflation, according to Yardeni Research. “A simple removal of the easing bias may not be enough,” Yardeni said, adding that after five consecutive years of inflation above the Fed’s 2% objective, policymakers may have to signal a willingness to raise rates again. Headline and core CPI show inflation has cooled sharply from its 2022 peak, but the disinflation process has stalled well above the pre-pandemic norm, per a Yardeni chart shared by Neil Sethi. Headline CPI was running at 3.8% year over year in April, while core CPI was up 2.8%, leaving both measures well above the Fed’s target zone, as the war in the Middle East sent energy prices soaring. #Fed #cpi #Inflation #USPPISurge $RIVER $SIREN $SKYAI
U.S. import, export prices jump more than expected in April: U.S. export prices increased 3.3% M/M in April, outpacing the +1.1% consensus and the 1.5% increase (revised from +1.6%) in March, according to data released by the Bureau of Labor Statistics on Thursday. Higher prices for fuel imports and nonfuel imports drove the advance last month.
Import prices, meanwhile, rose 1.9% M/M in April vs. +1.0% consensus and +0.9% prior (revised from +0.8%).
Notably, import prices for fuels and lubricants surged 16.3% in April following an advance of 10.0% in March, as the war in the Middle East sent energy prices soaring. That's the largest monthly advance since the index rose 17.8% in March 2022.
Prices for nonfuel imports rose a mere 0.8% in April after March's 0.2% gain.
On a Y/Y basis, prices for U.S. imports jumped 4.2% in April, marking the largest advance since the index increased 4.2% for the year ended October 2022, the BLS said. #TrumpVisitsChina #PredictionMarketRisingCompetition $AIGENSYN $AIO $SAPIEN
提案された規則は、新しい限定的な例外給付のカテゴリーを確立します。例外給付は、一般的に「Affordable Care Act」や特定の連邦医療カバレッジ法の市場改革から免除されています。この新しいカテゴリーは、他の限定的な例外給付に対してすでに存在する制限原則に類似したものを適用すると述べられています。