Energy

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

Rolf Mowatt-Larssen: "The US intelligence community can no longer trust the President’s judgment after he clearly sided with Russia in the Mueller investigation and the underlying intelligence information that formed the basis of the indictments of twelve Russian military intelligence officers."

The tensions unsettling the Saudi royal family became clear in September, when Joseph Westphal, the U.S. ambassador to Riyadh, flew to Jiddah to meet Crown Prince Mohammed bin Nayef, nominally the heir to the throne. But when he arrived, he was told that the deputy crown prince, a brash 30-year-old named Mohammed bin Salman, wanted to see him urgently. Senior Fellow, David Ignatius, discusses Mohammed bin Salman opportunity to transform Saudi Arabia.

On June 23, the United Kingdom will decide whether it should remain part of the European Union. The early polls suggest that not only the Conservative government, but the whole country, is split. Future of Diplomacy Project senior fellow and former MP, Douglas Alexander, explains why a vote for Brexit would leave the whole European project at risk of unraveling at precisely the time new economic and security threats confront the West.

As the policy community prepares to assess an agreement between the U.S. and its P5+1 partners and Iran, Senate Foreign Relations Committee Chairman Bob Corker asked me to review the history of analogous agreements for lessons that illuminate the current challenge. In response to his assignment, I reviewed the seven decades of the nuclear era, during which the U.S. negotiated arms-control treaties, including the Non-Proliferation Treaty of 1968; strategic arms limitation talks and agreements from SALT to New Start; the North Korean accord of 1994; the agreements that helped eliminate nuclear weapons in Ukraine, Kazakhstan, and Belarus in the early 1990s; and the pact that eliminated the Libyan nuclear weapons program in 2003.

Among many lessons and clues from this instructive history, five stand out

The "war on terror" has always been a misnomer. It assumes that the terrorist threat can somehow be "eradicated" through the mechanism of war — through military action using bombs, guns and bullets. War may be the short-term answer to an immediate threat; it is not the answer to the long-term crises.

At the very least, Congress should reconsider its position of "once approved, always approved."