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Ukraine, 4 Years In: The Structural Picture and Beyond the Daily Front Line

The war and the actual economic, demographic, and military capacity story? What does "end state" look like in concrete terms? Where will Russia turn next?

Broadcast29 min5/30/2026
ukraine warrussia ukraine conflictgeopolitics

LLM applications and Agentic AI: Workflow Savior or Job Killer?

Will LLM applications like Claude or agentic AI like Lindy make everyone super-productive or unemployed? What can history show us from previous disruptions? How fast will the present transformation occur? A year?

Broadcast29 min5/29/2026
artificial intelligencelarge language modelsagentic ai

The Congo Critical Minerals Deal: Lifeline or Leverage?

Is the U.S.-Congo minerals pact a genuine development partnership or just resource extraction with better branding — and does the distinction even matter if it works?

Broadcast28 min5/29/2026
DRCcritical mineralsgeopolitics

AI: mayhem or exuberance? Where the 2026 evidence actually points

Entry-level coding postings are down ~35% since 2023; hyperscaler electricity demand is straining grids that take 7+ years to expand; aggregate productivity stats remain modest. Serious optimists call this the runway to an unprecedented welfare jump. Serious pessimists see white-collar layoffs, the entry-rung collapsing for new grads, social strain, and bottlenecks in unforeseen places. Which camp's case actually holds up under the evidence we have?

Broadcast28 min5/27/2026
artificial intelligenceai investmentlabor market

The Welfare State Wager: Can Europe Afford Its Own Defense?

If Europe must finally pay for its own defense, does that mean the end of the European social model as we know it — and is that a tragedy or an overdue reckoning?

Broadcast28 min5/27/2026
Europedefense spendingwelfare state

Argentina's Milei Experiment at Year Two: Shock Therapy Verdict

Inflation slashed from 211% to ~50%, IMF goals hit — but poverty spiked and protests intensified. Is shock-therapy economics working, or has it traded one crisis for another?

Broadcast29 min5/26/2026
ArgentinaMileishock therapy

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Ukraine, 4 Years In: The Structural Picture and Beyond the Daily Front Line

The war in Ukraine is not moving toward resolution. It is moving toward permanence. That is the uncomfortable conclusion I kept circling back to while moderating this week's roundtable, and it deserves to be said plainly before we get lost in front-line maps and casualty counts.

5/30/2026·Read article

LLM applications and Agentic AI: Workflow Savior or Job Killer?

The real puzzle of this AI moment is not whether jobs will vanish or multiply. It is that individual tasks are collapsing in time by roughly eighty percent while economy-wide productivity barely registers. Claude cuts task completion dramatically for novices, CD Howe records seventeen percent labor productivity gains inside adopting departments, yet the Wharton model attributes just 0.01 percentage points to total factor productivity in 2025.

5/29/2026·Read article

The Congo Critical Minerals Deal: Lifeline or Leverage?

The world’s clean energy future runs on cobalt, and 70 to 80 percent of that cobalt comes from one country: the Democratic Republic of Congo. This isn’t just a supply chain fact—it’s a geopolitical fault line. In December 2025, the U.S.

5/29/2026·Read article

AI: mayhem or exuberance? Where the 2026 evidence actually points

The debate over whether AI will deliver a historic productivity surge or quietly erode white-collar opportunity rests on a shared but unexamined premise: that model capability itself will determine the outcome. The evidence from 2025 and 2026 points elsewhere. What actually sets the slope of any coming J-curve is how quickly energy systems, organizations, and governance frameworks can be redesigned around the technology, not what the models can technically perform.

5/27/2026·Read article

Research

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Ukraine, 4 Years In: The Structural Picture and Beyond the Daily Front Line

Four years in, Russia holds roughly 20% of Ukrainian territory with only marginal gains since late 2022, while both sides face compounding demographic crises — Ukraine's fertility rate has collapsed to 0.9, and Russia has absorbed hundreds of thousands of military casualties alongside mass emigration of young educated men. Ukraine's economy has contracted ~20-29% but avoided collapse, is growing modestly, and has quietly scaled drone production to ~2.2 million units annually across 500 manufacturers, positioning it as a potential European defense-industrial partner — a development underreported relative to its strategic significance. The central tension the full briefing resolves is whether Russia's economy is genuinely fragile under 7.5%-of-GDP military spending or durably adapted, and whether Ukraine's $486-588 billion reconstruction will be democratically governed or captured by transnational capital — two contested questions where source ideology, not just evidence, drives the disagreement.

5/30/2026Research

LLM applications and Agentic AI: Workflow Savior or Job Killer?

Productivity gains from generative AI are real but narrowly concentrated — novice workers gain significantly while experts gain little — and firm-level adoption remains limited, meaning the transformation is still early and will unfold over years, not months. The central unresolved tension is whether this cycle will follow historical precedent (net job creation, eventual broad prosperity) or break from it, as pessimists like Acemoglu warn that automation may outpace new task creation while optimists project 78 million net new jobs by 2030 — a disagreement driven by different assumptions, not different data. Most invisibly, displacement is already occurring at the hiring stage for young workers rather than through layoffs, AI is automating non-routine abstract tasks (not just routine ones) contrary to standard assumptions, and productivity gains show no evidence yet of flowing to workers rather than employers — making the distributional question the most consequential and least answered.

5/29/2026Research

The Congo Critical Minerals Deal: Lifeline or Leverage?

The DRC holds 70-80% of global cobalt supply and mining constitutes 46% of its GDP, yet only ~3% of cobalt sales value historically accrued to Congolese society — the structural condition that makes the December 2025 U.S.-DRC Strategic Partnership Agreement both genuinely consequential and deeply contested. Proponents frame the SPA as supply-chain diversification with development co-benefits; critics argue its legal architecture erodes Congolese sovereignty through joint governance mechanisms, preferential U.S. access rights, and mandated mining-law reforms, while bypassing parliamentary approval entirely. The most important unresolved tension is empirical rather than ideological: comparators like Indonesia's nickel export ban and Zambia's transparency-without-enforcement experience suggest the deal's developmental value hinges entirely on whether the DRC can exercise sovereign industrial policy within it — and no post-implementation data yet exists to test that question.

5/29/2026Research