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Alan Kohler nails this note Germany rearming
Lenin's quote that "there are decades when nothing happens and there are weeks where decades happen" is getting a solid workout these days, but last week there was a single day on which decades happened. It was Tuesday, March 18.
Here's what happened on that day:
www.abc.net.au
Lenin's quote that "there are decades when nothing happens and there are weeks where decades happen" is getting a solid workout these days, but last week there was a single day on which decades happened. It was Tuesday, March 18.
Here's what happened on that day:
- Germany's parliament, the Bundestag, voted to end 80 years of fiscal shackles and constraints on military spending, to Trump-proof its and Europe's economy, changing the course of European history.
- China launched its own fiscal stimulus program for the same reason, potentially changing the course of its own history, although it has much less fiscal room to move than Germany.
- In a phone call with US President Trump, Russian President Vladimir Putin refused a 30-day ceasefire, and started bombarding Ukraine again.
- Israel resumed its bombardment of Gaza, warning that the "gates of hell" would open if hostages weren't released.
- The US Federal Reserve kept interest rates on hold but pivoted towards easing policy, saying the impact of tariffs was likely to be "transitory", prompting markets to rise sharply.
- Trump described the judge who blocked the deportation of more than 200 men under the 1798 Alien Enemies Act, a "radical left lunatic" and said he should be impeached, escalating his administration's war with the American judiciary.
- Trump fired two commissioners of the Federal Trade Commission, even though courts have established that it's illegal for the president to remove officials of agencies created by Congress.
- AI computer-chip maker Nvidia unveiled the next generation of its artificial intelligence products, in an attempt to combat the Chinese firm DeepSeek, which is producing AI models at a fraction of the cost of Nvidia.
- China's advanced humanoid robot, Unitree G1, performed the world's first robot side flip.
- Microsoft and a Swiss company called inait announced they were collaborating to commercialise inait's digital brain technology.
We're at a turning point in world history but our leaders are distracted
While Australian politicians argue about power bill relief and non-existent nuclear power stations, pressing issues like the great US retreat, global warming and AI are being ignored.
