

Turkey’s objections to Finland and Sweden joining NATO were the first moves in a bargaining process.

ESG, Energy, and War: BlackRock’s Nod to Reality
The week of May 9: BlackRock’s tricky path, inflation, carbon tariffs, baby formula, and much, much more.

Price Controls: An ‘Absurdity’ for the Generations
Here’s some advance reaction to the price-control regime that Nancy Pelosi wants to put in place to tackle price ‘gouging.’



A Baltic Realist
Estonia’s prime minister, Kaja Kallas, really could say, ‘We told you so,’ about Russia’s undying imperialist dreams.

Inflation: A Long Way to Go
It’s hard to see how President Biden’s stated goal of bringing down inflation will be reconcilable with many of his administration’s other priorities.

Index Funds: ESG or Consumer Welfare? Choose One
The week of May 2: index funds and antitrust, as well as inflation, Hawaii’s pandemic, and more.

China, Coal, and John Kerry’s Clout
A new story out of Bloomberg suggests that China is not taking the White House’s ‘special climate envoy’ very seriously.

When Conflicting Recommendations on ESG Are Not a Conflict
ESG is the antithesis of what most investing is supposed to be about, which is the generation of economic return.