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On the brink of bloody disaster

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Last month, David Remnick, editor of The New Yorker and a journalist of decades of experience, wrote, “It is not a sure thing that Putin will invade Ukraine. What is certain is that any attempt to occupy that nation will provoke resistance and lead to bloody disaster.”  

Russia, Putin, President Biden, all the leaders of Europe, are at the brink of another in the series of  cascading catastrophes of this 21st century:  9/11, the Global Financial Crisis and Great Recession, the Covid pandemic. 

And now – facing the biggest land war in Europe since 1945.

We do not know how it will end, but we know it will be agony. 

For President Biden, already staggered by the persistence of Covid and the inability of the United States to get back to something near normal, by rampant inflation and the economic insecurity it instills, by paralysis in Washington on his legislative agenda, and by tensions that are testing the vitality of American democracy itself, the aftermath of a Russian invasion of Ukraine will be brutal on his presidency.

Vice President of the United States Joe Biden, left, shakes hands with Russian Prime Minister Vladimir Putin in Moscow, Russia, Thursday, March 10, 2011. The talks in Moscow are expected to focus on missile defense cooperation and Russia’s efforts to join the World Trade Organization. (AP Photo/Alexander Zemlianichenko)

Over the past 60 years, when a foreign policy crisis first hits, presidents generally benefit from Americans instinctively standing with their leaders to face the challenge – even when news is one of failure. 

John F. Kennedy in the Bay of Pigs in Cuba, Jimmy Carter in the attempt to rescue the American hostages in Iran, George W. Bush in the aftermath of 9/11:  all received a bump in approval as the country moved to unite and see the crisis through.  And when there is unvarnished success, a president’s standing can soar, as with George HW Bush in the first Gulf War.

When Russian missiles, troops and tanks invade Ukraine, will the country rally to Bush’s call for condemnation and resolve, or will there be a bitter debate on “Who lost Ukraine?” – with the president in its crosshairs.

America’s political culture has degraded over many years, most especially under Trump’s presidency. 

Partisanship is rampant but Republican extremism has metastasized and the cancer is everywhere.  There is significant sentiment among “America First” Trumpist Republicans that Ukraine is not America’s fight and there is no need to mess with Putin – even as he messes with the future of Europe and all the Western allies.

David Brooks of the New York Times, a conservative and a Republican, over the weekend captured what is at stake on the PBS NewsHour:

“I’d say the stakes are this. From 1915 to 1945, we had a culture and a regime in Europe which was the law of the jungle, the strong nations get to conquer the little ones. In 1945, after 150 million deaths and two World Wars, we set up a rules-based order, where strong nations do not get to take over little ones, that we have some sort of global international order, with NATO and the U.N. and all sorts of organizations making it a much more peaceful place.

And we have enjoyed a peaceful, peaceful land. And, if Russia is allowed to take Ukraine, that would destroy, that would shred that international order.”

In 1968, when the Soviet Union sent tanks and troops into Czechoslovakia to crush a democratic uprising, Europe shook, and the Cold War hardened, but there was no threat of direct war between NATO and the Warsaw Pact. 

Biden has made clear there will be no US troops in Ukraine:  Russia and America will not face off.

But the tensions between Russia and NATO will escalate.  War is hell and the fog of war invites disaster.  Everyone’s fingers are on their triggers.  And there are nuclear weapons across the continent.

The threat of catastrophic mistakes is real.

When they met last weekend, Putin and China’s Xi issued a lengthy declaration that each supported the other’s ambitions. 

SHANGHAI, CHINA – MAY 20: Russian President Vladimir Putin (L) and Chinese President Xi Jingping (R) attend a welcoming ceremony on May 20, 2014 in Shanghai, China. Putin is on a two day visit to China (Photo by Sasha Mordovets/Getty Images)

If Putin succeeds, and endures the sanctions, and can tolerate the Ukrainian peoples uprising, and enjoys a resurgence of pride and glory across Mother Russia, Xi may want to copy that playbook for Taiwan.  And sooner rather than later.

In their Saturday call, Biden warned Putin of “swift and severe” costs to Russia

They discussed substantive security issues that Putin wants resolved in his favour.  But with continuing movements of Russian troops, there is no sign thar diplomacy will prevail.

For President Biden, the costs of war to confidence in him by the American people are likely enormous – to his leadership, his prestige, his strength at home and in America’s standing and effectiveness in the theatres of conflict now playing across Europe and Asia.

But if Biden, at this dark hour, is successful is deterring Russia from taking Ukraine, the dividends are equally enormous.

Bruce Wolpe is a Ticker News US political contributor. He’s a Senior Fellow at the US Studies Centre and has worked with Democrats in Congress during President Barack Obama's first term, and on the staff of Prime Minister Julia Gillard. He has also served as the former PM's chief of staff.

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UPS cargo plane crashes in Kentucky, as death toll rises

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

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UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

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In Short:
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.
A United Parcel Service cargo plane crashed shortly after takeoff in Louisville, Kentucky, at approximately 5:15 p.m. local time, leading to at least four fatalities and 11 injuries.Kentucky Governor Andy Beshear indicated that the death toll may rise. Those who died were not part of the three-person crew aboard the aircraft, which was heading to Honolulu.

Several people with serious injuries are receiving treatment at nearby hospitals.

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The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.

Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.

Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.

UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.

Investigation Underway

The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.

In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.


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This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

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US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.


US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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#StockMarket #WallStreet #Nvidia #Bitcoin #AIStocks #MarketCorrection #TickerNews #Investing


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Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

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Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.


Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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#DickCheney #BreakingNews #USPolitics #IraqWar #WarOnTerror #RepublicanParty #TickerNews #WorldNews


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