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31 Jul 2026
25m

Omission accomplished: why the Iran-war cycle spins on

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Economist Podcasts

The U.S.-Iran Memorandum of Understanding remains largely defunct as diplomatic efforts fail to resolve ongoing conflicts in the Strait of Hormuz, leaving both nations in a cycle of military escalation and economic pressure. Meanwhile, Chinese AI companies are aggressively expanding into international markets, exporting driverless taxi technology to regions like Switzerland and Saudi Arabia to capitalize on higher profit margins and establish global technical standards. This push allows China to export the economic disruption of AI while securing a first-mover advantage in emerging infrastructure. Finally, the life of Wally Funk highlights a decades-long struggle for gender equality in aviation; despite passing rigorous astronaut testing in the 1960s, she was excluded from spaceflight until age 82, when she finally fulfilled her ambition as a guest on a Blue Origin mission.

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