USA!

Trump is essentially shutting down immigration into the US. This policy is likely to have a highly negative impact on growth. on.ft.com/42CT5Tx

US auto industry may be headed for graveyard. It is basically out of EV’s and severely disrupted by tariffs, resulting in major price hikes to consumers. Tariffs have triggered no new manufacturing in US. It will remain a shrinking bastion of gas guzzlers. on.ft.com/437pQIK

That train has left the station. The US has no chance to outcompete China in EV’s. on.ft.com/3L5Luai

This is fundamentally an act of financial mismanagement. Investing 2/5 of a university endowment in illiquid private equity calls for firing of Princeton’s investment manager. giftarticle.ft.com/giftarticle/ac…

The demise of USAID sybolizes the darkness into which the US is slipping. I remember it from better days when in the 1990s I served as a USAID consultant in Poland tasked with a mission of restructuring the Polish banking system. nytimes.com/2026/02/08/opi… via @NYTOpinion

It is sad to see Ford, a great American brand, become cripple as a result of Trump’s anti-EV policies and tariffs. giftarticle.ft.com/giftarticle/ac…

The main cause for the ballooning US trade deficit is the shortage of savings. That might be addressed through cutting of the fiscal deficit; yet Trump administration never mentions it. nytimes.com/2026/02/19/bus…

Larry Summers - an ignominous end to a once glorious career. nytimes.com/2026/02/25/us/…

As someone who teaches regularly in China, I can testify to the rising quality of Chinese universities. This phenomenon does not apply exclusively to Beijing universities. Higher education is another area in which China is making a bid to outpace the US. giftarticle.ft.com/giftarticle/ac…

Extraordinary biography of last king of Poland. Stanislaw August was a man of Enlightenment whose dream was to resurrect Poland from collapse into which she fell in 18th century. Constitution of 3rd May 1791 is one of the great documents of Enlightenment. Poland’s greatest king.

What is happening at US airports is totally unthinkable in China. washingtonpost.com/travel/2026/03…

Most likely Orban will game the election and end up the winner. Difficult to see that monster give up power. giftarticle.ft.com/giftarticle/ac…

I realize it may be difficult to feel upbeat these days, but Easter is a wonderful holiday and I hope you all join my family in Easter celebration.

substack.com/@rawstory/note…

Very sorry to hear about Robert Skidelsky’s untimely death. It so happens that I am now reading his definitive biography of Keynes, which is in truth much more that a biography. It is in essence a history of England from beginning of WWI to end of WWII. RiP Robert Skidelsky.

Congratulations to Anne-Marie Slaughter🇺🇦 for her transition to Dean of LSE School of Public Policy. I overlapped with Anne-Marie Slaughter🇺🇦 for a year at Princeton, but unfortunately never knew her there. I only briefly met her later at New America Foundation.

⁦Donald Tusk⁩ is absolutely correct. NATO exists only on paper. Trump would never come to the defense of any European country. The Europeans must start living by their own wits. giftarticle.ft.com/giftarticle/ac…