For nearly 11 months Western powers have resisted providing tanks to Ukraine, fearing an unpredictable Russian escalation. What happens now that red line has rightly been crossed? Bankruptcy proceedings simply are not built to untangle the mess left behind by the implosion of FTX, a spectacularly failed crypto firm. And what California’s deadly floods reveal about its climate future. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.