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" ... As for the other “great power” that preoccupies Pentagon strategists – Russia – coordinated efforts on the part of America’s European allies should be more than enough to keep Moscow in check on the military front, with modest support from the U.S. and a reduction of U.S. troops there. America’s European allies together spend more than three times on their militaries what Russia does, and their economies together are roughly ten times the size of Moscow’s, which has a smaller GDP than Italy. There is no need to spend vast sums on the Pentagon to deal with the challenges posed by Russia, many of which are not traditional military concerns but rather cyber-attacks, disinformation and economic pressure. And the current U.S. nuclear arsenal is more than sufficient to dissuade Russia from attacking the United States. ... "
" ... The one that preoccupies me most is the situation in Hong Kong, partly because I love the city and mostly because the ongoing demonstrations there are a microcosm of grander political battles to come – between a state of the world where people sacrifice their liberty for order and economic growth or one that we could call an open society/open economy model. Should the situation deteriorate, the onus will be on the US, EU and especially the UK to speak out more volubly, to China’s chagrin. ... "
" ... Yet lurking in the background of the rally is Canada's robust housing market, which in the past several years has been a magnet for foreign cash, particularly from China, and which preoccupies the thoughts of the country's central bankers and citizens alike. The debt taken on by borrowers has increased along with home prices, which have risen 14% in the 12-months ended June, according to the Teranet-National Bank Composite House Price Index. Toronto led the way with a 29% jump. ... "