Blockading Iran is hurting them economically. This could get them to the negotiating table, but it could take time and is quite costly for the US to maintain, both militarily, and the economic consequences of Iran mostly closing the Strait.
If Trump did not parade around the world like an asshole, threatening and attacking allies, there could have been a chance of a blockading coalition to help convince Iran the world will not tolerate them terrorizing the Strait of Hormuz. Oh well.
“Putin doesn’t want a deal — Putin doesn’t want a deal that Ukraine can accept. Putin wants a deal where Ukraine would essentially, now or in the future, cease to be an independent, sovereign country with ties to the West. So, I am skeptical in the extreme that a lasting peace could be negotiated.
Also, Putin’s made it clear that, at a minimum, he wants all sorts of territorial transfers. Well, it’s one thing for Zelenskyy to recognize that Russia occupies Crimea and much of the Donbas. It’s something very different for Zelenskyy to sign away Ukraine’s title and rights to these areas.
The biggest difference then, between a ceasefire and a peace is that in a ceasefire you don’t sign away your rights to anything. You simply agree to stop the war. In a permanent peace, you’ve got to sign away rights, potentially to territory, to populations, you name it.
…
If you go back to the summer of 2021 and Putin’s so-called essay or op-ed, he obviously sees Ukraine as central to Russia’s future. It’s part of the Russian Empire identity and central to his own legacy, which makes it extraordinarily difficult for him to agree, in a permanent way, that Ukraine will be separate and different from Russia. So yes, it makes it very hard for Putin to agree to a final status or a permanent agreement that doesn’t give him a great deal. It ought not to rule out a ceasefire, because then he could say, this is simply a tactical pause.”
“The European Union has admitted it doesn’t have the power to deliver on a promise to invest $600 billion in the United States economy, only hours after making the pledge at landmark trade talks in Scotland.
That’s because the cash would come entirely from private sector investment over which Brussels has no authority, two EU officials said.
…
The EU officials said that the estimated $600 billion will add to the EU’s current $2.8 trillion private investments in the U.S. that accounts for approximately 3.4 million jobs.”
“Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer have all been meeting with foreign officials seeking agreements to stave off the crushing tariffs President Donald Trump has threatened to impose next month.
But Trump’s three-headed negotiating team is often working at cross purposes, or at least that’s how it seems to 11 foreign officials, business leaders and advisers on trade talks, who say they are receiving mixed messages from different departments, in what one person close to the talks described as a contest for Trump’s loyalty.
Their differing approaches have occasionally slowed down progress, the foreign officials say, like when the Commerce Department tightened restrictions on some Chinese technology in May, quickly derailing an agreement with Beijing that was negotiated by Bessent.”
“”A bloc of at least eight corn belt Republicans are a hard ‘no’ on” House Speaker Kevin McCarthy’s (R–Calif.) bill to raise the debt ceiling unless proposed cuts to ethanol tax credits are removed from the package, Axios reported Tuesday. That group reportedly includes all four members of Congress who represent Iowa and at least four other Republican lawmakers from other “corn belt” states.
Because Republicans have a slim 222–213 majority in the House, any group of five lawmakers can hold considerable leverage by threatening to vote against a bill.”
…
“this is yet another warning about the dangers of creating government subsidies in the first place.
Even though they cost taxpayers billions of dollars every year, federal ethanol subsidies and tax credits are a tiny chunk of the overall federal budget. Yet they are incredibly valuable to the farming communities that reap those benefits—and that vote to elect lawmakers who promise to keep the federal cash flowing. For the members of Congress from Iowa and other Midwestern states, voting to cut those subsidies could be a career-ending move. On the other side, there’s no significant voting block demanding the removal of ethanol subsidies—even though biofuels are expensive, ineffective, and bad for the environment—so the lawmakers more intensely committed to their special interests usually get what they want.”
“The Senate voted Thursday to avert a freight rail strike just days before crucial drinking water, food and energy shipments were set to be sidelined, after hurried talks in both chambers of Congress and a visit to the Senate from two of President Joe Biden’s Cabinet secretaries — but a bipartisan push to add paid sick leave to the deal fell short.
Ultimately the Senate voted 80-15, with Sen. Rand Paul (R-Ky.) voting present, to pass a bill that would impose the terms of a contract negotiated among freight railroads and most of their unions in September. Four out of the 12 unions involved had been holding out for additional paid sick days, making a strike possible as soon as Dec. 9.”
…
““What’s frustrating is that the railroads know that their backstop is federal government intervening in a strike,” said Tony Cardwell, president of the Brotherhood of Maintenance of Way Employes Division, one of the four unions that rejected the tentative agreement. “The railroads would have come running to the bargaining table if they knew that we would have been able to go on strike. But they were reliant on the Congress stopping our strike, and therefore they bargained in bad faith.””