Tuesday, October 13, 2026

Why JPMorgan CEO Jamie is concerned about large global fiscal deficits


ΥΑΗΟΟ Finance

Brian Sozzi · Executive Editor

Tue, October 13, 2026 at 5:52 AM PDT

JPMorgan Chase (JPM) CEO Jamie Dimon still sees ballooning US deficits as a major hazard.

It's one of the key risks called out in the bank's earnings release on Tuesday, alongside "sticky inflation" and "elevated asset prices."

Donald Trump Got Mugged by Reality

The Bulwark Morning Shots 
All he has now is shtick

William Kristol, Andrew Egger

The midterms hammer hasn’t fallen yet, but it’s getting closer every day. Today, the New York Times reported that top Republican super PACs are giving up on two embattled House incumbents, Iowa Rep. Mariannette Miller-Meeks and New Jersey Rep. Thomas Kean Jr. The PACs are pulling more than $10 million out of the two races, essentially giving them up for lost in an effort to spend more on other seats they hope will be more defensible.

Germany says new EU sanctions 'unprecedented' blow to Russia

POLITICSUKRAINE
Elizabeth Schumacher AFP, dpa, Reuters
October 12, 2026

The European Union has approved its largest-ever sanctions package against Moscow, targeting more than 1,000 entities tied to the military-industrial complex. The move took place in an EU foreign ministers' meeting.

German foreign Minister Johann Wadephul described a new raft of punitive measures against Russia as an "unprecedented sanction blow" to President Vladimir Putin's war in Ukraine.

Ships in Hormuz Strait Hit by Worst Spate of Attacks Since Start of War


Twenty-four tankers and other vessels targeted by Iran in two weeks, including six on Sunday alone
Alice Hancock in London
Published 4 HOURS AGO -Read the Original Here 

Ships in and around the Strait of Hormuz are facing the most intense period of missile and drone attacks by Iran since the start of the US-Israeli strikes against the Islamic republic seven months ago, causing shipowners to reconsider carrying cargoes in the region. 

Is Zelensky right to say data centre strikes have taken down Russian bots?


2 hours ago

Richard Irvine-Brown,
Shayan Sardarizadehand
Adam Durbin,BBC Verify


Claims that Ukrainian strikes on Russian data centres reduced Kremlin-linked bot networks have spread widely online, but experts have told BBC Verify there is no evidence the attacks have significantly reduced them.

Viral social media posts have claimed there has been a significant drop in influence operations in recent days, with Ukrainian President Volodymyr Zelensky suggesting on Monday there was "less hate, less division and fewer provocations" online because of "fewer bots".

Ο Λευκός Οίκος ζήτησε από την πρέσβειρα των ΗΠΑ στην Ελλάδα, Κίμπερλι Γκίλφοϊλ, να παραιτηθεί

Δημοσιεύθηκε: Τρίτη, 13 Οκτωβρίου 2026, 9:58 π.μ. EDT
Ενημερώθηκε: Πριν από 17 λεπτά
Ρεπόρτερ: Kevin Breuninger
Πηγή: CNBC

Τα βασικά σημεία

  • Ο Λευκός Οίκος ζήτησε από την πρέσβειρα των ΗΠΑ στην Ελλάδα, Κίμπερλι Γκίλφοϊλ, να παραιτηθεί, δήλωσε την Τρίτη η εκπρόσωπος Τύπου του Λευκού Οίκου, Κέιτι Ζακαρία, κατά την πρώτη ενημέρωση των δημοσιογράφων που πραγματοποίησε.
  • Λιγότερο από μία ημέρα νωρίτερα, ο πρόεδρος Ντόναλντ Τραμπ είχε αφήσει να εννοηθεί ότι η Γκίλφοϊλ, η οποία είχε αρραβωνιαστεί στο παρελθόν τον μεγαλύτερο γιο του, Ντόναλντ Τραμπ Τζούνιορ, ενδέχεται να απομακρυνθεί από τη θέση της.
  • Η θητεία της Γκίλφοϊλ κλονίστηκε τον τελευταίο μήνα από σειρά δημοσιευμάτων της Wall Street Journal σχετικά με τη συμπεριφορά της, η οποία έχει προκαλέσει ανησυχίες σε ειδικούς σε θέματα δεοντολογίας και πρώην κυβερνητικούς αξιωματούχους.

White House has asked Ambassador to Greece Kimberly Guilfoyle to resign, new Trump press secretary says

Politics & Policy
Published Tue, Oct 13 2026 9:58 AM EDT
Updated 17 Min Ago
Kevin Breuninger


Key Points
  • The White House has asked U.S. Ambassador to Greece Kimberly Guilfoyle to resign, press secretary Katie Zacharia said Tuesday in her debut briefing.
  • President Donald Trump signaled less than a day earlier that Guilfoyle, who was previously engaged to his eldest son, Donald Trump Jr., could be on the chopping block.
  • Guilfoyle’s tenure was rocked by multiple Wall Street Journal articles on conduct that has raised alarms among ethics experts and former government officials.

Canadian AI company turns away from US government work amid trade tensions

Story by Alessia Simona Maratta and Nathaniel Dove
21h • 3 min read

A Vancouver-based artificial intelligence company says it is turning away from opportunities with the U.S. government as tensions between Canada and the United States raise questions about Canada's reliance on its southern neighbour for AI investment and infrastructure.

Caseway, which develops AI tools for applications including legal and defence-related work, says it is instead focusing on Canadian defence and seeking opportunities in markets such as Europe and Taiwan.

Monday, October 12, 2026

Trump Rules Out Attacking Iran Before the Midterms — Then Turns Toward Yemen

By Yiannis Damellos and Mars Strangelove Jr.
October 12, 2026
Missile shortages, vulnerable shipping lanes, and the risk of a widening war confront Trump with a dangerous choice: defend a key ally without triggering another costly conflict just weeks before voters go to the polls.

Donald Trump says he is considering American strikes against Yemen's Houthi movement following deadly attacks on Saudi Arabia. Riyadh wants greater American involvement, and Washington may conclude that allowing a major regional ally to suffer repeated attacks would undermine its credibility. But intervention would create a set of military, strategic and political problems that cannot be dismissed with a presidential order.

The Art of the Deal: Diesel for Sanctions and Ukraine for Free



By Yiannis Damellos and Mars Strangelove Jr.
Sources: Reuters, Associated Press, NPR
October 12, 2026

Trump extended a major economic lifeline to Moscow, and in return he acquired diesel that he might not need. Nobody promised him an energy ceasefire, but days later, he nevertheless announced one that neither side publicly confirmed— as a result, Russia not only was freed from sanctions, but it also continued its attacks on Ukraine. 

Donald Trump has built much of his political identity around his ability to make deals. His latest attempt to reach an understanding with Vladimir Putin, however, raises a basic question: did the American president secure meaningful Russian commitments before making concessions, or did he expect concessions to persuade Putin to cooperate afterward? The sequence of events offers a revealing case study in the difference between announcing a diplomatic breakthrough and actually achieving one.

Democrats are making corruption messaging a pocketbook issue

Running against corruption is not new. But Democrats have turned the familiar attack into a broader message tied to voters’ economic pain. 
By Erin Doherty, Jason Beeferman and Samuel Benson
10/12/2026 6:00 AM GMT-8

Democrats may be discovering the political power of calling something rigged. They’re leaning hard into anti-corruption messaging in the final weeks of the campaign as new research suggests that linking corruption to Americans’ economic struggles can boost Democrats into the home stretch.

How quickly Trump admin moved taxpayer money for midterm propaganda ads alarms judge

Litigation / White House
October 12, 2026

A federal judge expressed alarm at how quickly the Trump administration moved to use taxpayer funds for midterm election advertisements following an Oval Office meeting between President Donald Trump and Republican operatives. 

U.S. District Judge Jennifer Rochon issued a temporary restraining order Sunday to immediately stop the propaganda ads, a win for pro-democracy groups who argue they are an illegal misuse of funds appropriated by Congress.

Six senators call for Trump administration to ‘immediately reverse course’ on Russian diesel plan



By KEVIN FREKING
Updated 1:15 PM GMT-8, October 11, 2026
WASHINGTON (AP) —
A bipartisan group of six senators on Sunday called for President Donald Trump’s administration to “immediately reverse course” on a plan to purchase diesel from Russia as part of an effort to lower high fuel prices.

Mathematicians React With Fury as OpenAI Releases Hundreds of New AI-Generated Proofs

It Ain't Adding Up

"We reject OpenAI's assertion that this release advances our subject."

By Frank Landymore

Published Oct 9, 2026 10:14 AM EDT

It’s safe to say that when it comes to mathematicians, OpenAI isn’t exactly winning hearts and minds.

On Tuesday, the ChatGPT maker released hundreds of new papers with purported proofs for all sorts of mathematical problems — fresh off of explosive controversy over how its AI agents arrived at a solution to the Navier-Stokes equations.

Carney’s Thanksgiving message directed at Alberta ahead of separation referendum

Video statement delivered from a classroom in Edmonton
Sara Sheydwasser · CBC News · Posted: Oct 12, 2026
In a video released on social media on Thanksgiving Monday, Prime Minister Mark Carney said this year's holiday is different as Albertans prepare to vote next week in a referendum on the province's future in Canada. 'Canada is facing real threats to our economy, to our security, to our way of life. We have to be strong and we are stronger together,' he said.

UK PM Says Iran’s Revolutionary Guard Almost Certainly Directed Suspected RAF Fairford Plot

By Mars Strangelove Jr., on duty
October 12, 2026
British Prime Minister Andy Burnham told the House of Commons on Monday that Iran’s Islamic Revolutionary Guard Corps (IRGC) was “almost certainly” behind a suspected plot targeting RAF Fairford, a British air base used by the U.S. Air Force.

Trump's “Unhealthy and Creepy Obsession” With Ilhan Omar Takes a New Turn: DOJ Raids Her Home



By Yiannis Damellos  
October 12, 2026  

The predawn search of Democratic Representative Ilhan Omar’s Washington-area home on Monday has brought a long-running political conflict into a more troubling phase, less than a month before the November 3 midterm elections. The Justice Department confirmed that federal agents executed a judicially authorized search warrant as part of an ongoing criminal investigation but disclosed neither the evidence sought nor the specific allegations. Reuters reported, citing Fox News Digital, that the inquiry concerns Omar’s immigration paperwork. No criminal finding against the congresswoman was announced in connection with the search.

Trump's Russia Record: The Decisions That Helped Putin and Weakened the West's Hand


An investigative chronology, 1987–2026

By Yiannis Damellos and Mars Strangelove Jr.

Donald Trump's relationship with Vladimir Putin has been one of the most consequential and contentious features of American foreign policy over the past decade. Across two presidencies, Trump has alternated between sanctions and diplomatic pressure on Moscow, public accommodation of the Russian president, disruptions to Western alliances, and decisions that have weakened Ukraine's position in its war with Russia.

Today we are not going to examine if EVERY Trump policy has benefited Russia. It has not. During his first term, his administration imposed sanctions on Russian oligarchs, approved lethal defensive weapons for Ukraine and, in October 2025, sanctioned Russia's largest oil companies. What we are interested in is whether particular decisions have repeatedly given the Kremlin diplomatic openings, economic relief or strategic advantages—and whether their cumulative consequences have weakened the Western response to Russian aggression.