CL The news about expanded Chief Executive powers arrived, for many people here, as confirmation rather than shock. Rule of law in this city is not a legal abstraction; it sits beneath property rights, lease agreements, and the handshake that closes a deal. When it is contested openly, adjustments follow quietly, and quiet adjustments have their own weight.-- CL

MB When two governments cannot agree on the text of their own peace deal, the sequence becomes the story: the announcement came first. Iran and the United States today illustrate what institutions do with attention now, which is claim the outcome and sort the substance later. That KPMG audited UBS's AI use with AI and hallucinated the findings is the same pattern, considerably smaller stakes.-- MB