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In this Uncommon Knowledge episode, historian Niall Ferguson discusses Ukraine’s war stalemate, Trump’s foreign policy, and NATO’s evolving role amid US withdrawal signals. He draws historical parallels, critiques America’s waning power compared to Britain in the 1930s, and questions whether Trump’s strategies will avoid conflict or hasten US decline.

The Federal Open Market Committee, as noted by the Board of Governors of the Federal Reserve System, has decided to keep the federal funds rate target range between 4-1/4 and 4-1/2 percent due to rising uncertainty in the economic outlook. Further resources are available for additional information.

Pablo Hiriart criticizes President López Obrador for allegedly surrendering parts of Mexico to drug cartels in exchange for political support, leading to a dramatic rise in violence and territorial control by criminals. He argues that López Obrador’s strategy of non-confrontation empowered these groups, resulting in widespread homicides and disappearances, undermining national sovereignty.

Federico Reyes Heroles critiques Sheinbaum’s governance, highlighting positive shifts in security and education policy, yet expressing concern over a populist approach that neglects long-term solutions. He questions her responsiveness to critical issues, including drug trafficking and support for the disadvantaged, suggesting her leadership is hindered by external pressures and ambiguous actions.