Greenland, Gaza, and Jerome Powell

This week, Rick and track the through-line behind a chaotic stretch of headlines: power—who has it, who checks it, and what happens when institutions get tested. We start with Fed Chair Jerome Powell saying the Trump administration is launching a probe against him, and what that could mean for central bank independence. From there, we zoom out to Congress: the Senate blocks a bill aimed at curbing Trump’s war powers in Venezuela, while Trump’s own rhetoric on Iran spikes (“help is on the way”) and then quickly walks back—raising the question of how much foreign policy is being made in real time, in public. Then it’s tariffs and alliances: Trump threatens 10% tariffs on several European countries amid a Greenland standoff, and we look at how trade policy is being used as geopolitical leverage. We also cover a striking signal of shifting alignments: Canada and China reach a trade deal that suggests Ottawa is diversifying away from U.S. dependence. In tech and defense, the Pentagon partners with Grok as part of broader AI contracting—plus the political framing that other models are “too woke.” We also hit Gaza, where Trump announces a new “Board of Peace” for restoration, and in clean energy, offshore wind notches a key court win that could shape how far the administration can go in halting permitted projects. Finally, we do a fast misinformation cleanup: a viral claim that the Proud Boys founder was “in ICE” via a data breach doesn’t hold up. Plus: a symbolic Machado–Trump meeting that generated headlines but (so far) little policy change.