Commentary
Pieces

Commentary· No. 5516
COMMENTARY: What the China–U.S. Parity Numbers Are Really Telling Us
There is one sentence in the Congressional Research Service’s 2025 update on Chinese naval modernization that ought to have reorganized the entire Western strategic conversation. Quoting the Pentagon, it calls the People’s Liberation Army Navy the largest navy on the…

Commentary· No. 5506
COMMENTARY: Europe strikes “associate member” in Montreal, and Canada keeps its carbon bill
Two words are gone. They said “associate member.” The draft struck them. I will not mourn them. The joint text now speaks of “an…

Commentary· No. 5487
COMMENTARY: Washington bans Wall Street from buying homes, and Wall Street had already left
Starting January 7, 2027, a large investor will no longer be able to buy a single-family home.