The myth of British military power ended at Suez. The myth of American military power may be ending at the Strait of Hormuz. Trump’s war against Iran has no clearly defined strategic objectives, no endgame, and no obvious way of judging success or failure. It is, above all, an exercise in image-building: projecting American strength, … Read more
Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has been pardoned by President Donald Trump. Zhao—known as “CZ”—was sentenced to four months in prison in 2024 after pleading guilty to breaching US money laundering laws. Binance itself was fined $4.3bn after investigators found it had helped users bypass sanctions. That would be a … Read more
Great Yarmouth was described by Dickens as a kind of paradise. David Copperfield lived there in an upturned boat with Peggoty. Proof, if it were needed, that the town has not only seen better days, but better centuries. Now it is something else entirely. The archetypal decayed seaside town: slot machines, one-armed bandits, and not … Read more
