This episode of The Intelligence from The Economist covers two main topics: the shifting dynamics of the Russian offensive in Ukraine, including Russia's technological advancements in drone warfare and its potential implications for peace talks, and the declining privileged position of young graduates in the rich world due to factors like the expansion of universities, changing employer demands, and the impact on job satisfaction, raising concerns about potential social and political consequences. The episode also includes book recommendations from The Economist's critics for summer reading.