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“I'm David Rothkoff joined by Riley Fessler”
and Minna Stein. We're going to give you a bit of a run of what's going on in the world. Today, of course, we've got movement in the Middle East. Right, Minna? That's what I heard.
Yeah, that's correct. So, tell me about it, somebody. Well, the US and Iran have signed their memorandum of understanding to end the war, immediately reopening the straight and causing global crude oil prices to drop.
Although the agreement explicitly calls for a permanent termination of the conflict in Lebanon, Israel was excluded from the talks and has defied the deal by continuing air strikes and refusing to withdraw its troops.
Situation has sparked one of the biggest diplomatic riffs in the US Israeli relations and decades, leaving Trump's initial wartime objectives against Iran. Unmet while forcing Israel to choose between its military campaign and American support.
Yeah, you know, JD Vance came out to try to defend it. And it's like, this shows how strong the US and shows that we hold all the cards. And essentially, just repeated the same old stuff. That nobody believes now because obviously this deal
does not show. We hold all the cards that shows Iran holds the cards. It shows us saying, "We'll pay you off in three different ways. We will allow you to sell your oil.
We will allow you to have access to funds that we have empowered it in different bank accounts around the world and we will create a reconciliation or rebuilding fund for you." This could amount to as much as perhaps half a trillion
dollars over the course of the next year. And all Iran has to do is, you know, keep the straight open and go along with its promise,
which it made first in 1957,
not to have a nuclear weapon. There will be some discussion about how the uranium, the enriched uranium they currently have, will be downgraded. And that's going to take a while.
I don't think it's going to happen anytime soon. The thing that threatens the agreement that the most is Israelis in Lebanon, because they do not show any willingness to go along with it. Now, advances response to this as well as ceasefire
in the Middle East means they're going to shoot a little bit less. I don't know if that's going to be enough for the Iranians. I also know that the Trump administration is not going to want this thing to turn into a bleeding wound in 60 days, because 60 days from now,
is roughly the beginning of September and the beginning of the intense campaigns. So will it get solved in that time? No. Will it have a lid kept on it?
Probably. Will Iran get a lot of money in that time? Well, sure.
They'll get about $200 million a day from selling oil
once they're up to speed, and they'll probably get some of the impounded funds. There's some talk that perhaps will be $12 billion. And that already means they'll be getting more money out of this 60 day interim agreement
that doesn't really promise anything. Then they got out of the JCPLA,
“and you'll remember when they signed the JCPLA”
in 2015, President Trump, not President Ten will say, "This is a terrible deal. And why are we giving all that away?" Well, this is a terrible deal. And Democrats believe it.
Republicans believe it. Independence believe it. And if you want a real deep dive on it, I would strongly suggest you go and listen to need to know. We did two this week, both with nuclear experts.
One of the experts being someone who helped negotiate the JCPLA.
The update we did yesterday took the agreement
went through a point by point.
“We also did our deep state radio yesterday talking about this”
with our friend Kim Gadis from Bay Root. And so she provided very useful perspectives on what this means and the region have its view in the region. So you want deep dive, expert views. Go to the DSR network.
Or to need to know. And speaking of more on to have no clue what they're doing, which is what we were speaking about, correct? Well, it's not when we were talking about our experts, but before that.
Sorry.
Yeah, the story, not our experts.
Yeah, thank you. That's okay. We're going to need of our experts. Yeah, they're probably done with us now. Thanks, Madam.
Thanks. Thanks a lot. Yeah, no. I'm sure they're fine. I'm sure they're fine.
What? So it's going to be more on. I'm sure it's going to be more on. I'm sure it's going to be more on. I'm sure it's going to be more on.
I'm sure it's going to be more on. I'm sure it's going to be more on. I'm sure it's going to be more on. I'm sure it's going to be more on. Because I'm talking about more ons with no experience, like defense secretary Pete Hegseth, who threatened to not a production in US true presence and financial contributions to NATO.
If European allies failed to meet the alliances 5% GDP military spending target. Announcing an immediate six month review of America's force posture in Europe. Hegseth blasted allies who refused to support the recent US military campaign in a run. And demanded unhindered transit access across the continent for future operations. The aggressive ultimatum has triggered a fierce bipartisan result.
Revolt in Congress where lawmakers are actively modifying 2027 defense legislation to legally block the Trump administration from abandoning vital European security infrastructure.
Yeah, well, that's good. Because you always want to do that. You want to make sure that they're not doing Putin's work so openly.
“But that's what Hegseth was doing. This is the Putin agenda of trying to destroy NATO.”
It's the Trump Putin agenda. Hegseth is just an errand boy in it. But I'll tell you something. Pete. By the way, do you notice how Pete rhymes with defeat? Pete defeat exists? You now own this Iran catastrophe. And Donald Trump may think it's a win when he talks in public.
But behind the scenes, he knows he's getting a lot of heat. Peace for the defeat. And you know what I think that means? I think that means before this six month review is up. I think Pete, your time's going to be up. I think you're going to end up being the fall guy probably after the elections. But at some point, you're going to have to go. All you have been as problems.
They hate you in the Pentagon. They don't like it in either Democratic or Republican circles. They think you've lied to them about this war on the Hill. Take talk, Pete. Bye bye. You're sounding a lot like like Pete Hegseth with all that rhyming. Thank you. Oh, no, that's not a compliment, isn't it? He was the one you said was a mora. Well, okay, I can take it. I can take a punch.
A proposed California ballot initiative to live a one time a 5% wealth tax on billionaires to fund health care has officially gathered enough signatures to qualify for the November ballot. However, the measures future remains uncertain before age in 25th deadline as proponents could still strike a last minute deal to withdraw a mid-strong opposition from tech leaders and governor Gavin Newsom. A perfect following today. A few. Take a look. And so many polls. Let's take a look at one of the red lines. I hate to interrupt this thrilling podcast, but we have some exciting news at the DSR network.
Our sub-stack is now live. Our sub-stack is going to be the new home for free and paid content here at the DSR network.
“The best way to support us over our new sub-stack is by becoming a member.”
Right now, there's an early bird special until the end of the month where you'll get 30% off of a new subscription with no code required. To sign up for either a free or paid subscription to our sub-stack, you can go to it. www.substack.com. That's DSR network.substack.com. We're super excited for our new sub-stack and feeded join us there. We have a lot of things coming that we're thrilled to share with you in the future.
We appreciate your support and thank you for listening.
I've a message for the billionaires. Why? Shut up. You know how many billionaires there are in this country?
“Let's just see if Riley or Minna knows. How many billionaires are there in this country?”
Too many. Too many. That's correct. Good answer. How many billionaires are there, Riley? Minna stole my answer. Well, if you were going to say 1100, you'd be correct. 1100 billionaires. They're worth what the bottom half of the population has and well. So that shows our society is fucked up. There's also one trillionaires who's also one of the world's worst people.
But the point is billionaires are such a miniscule portion of the population that it shouldn't really have any effect with, they think. But of course, that's not the way our political system works. People have got to run for office, to run for office they need money. The people who are most likely to give the money are the ones with the most money. And the system has been all rigged to allow them to give as much as they want, and therefore they have a bigger say than all the rest of us. Having said that, they should leave it on there. We should be taxing these people for more and more.
You don't need a billion dollars. You don't need a hundred billion dollars. You don't need a trillion dollars.
And a fair progressive tax of a few percent on billionaires would create a huge amount of money for the government to fight deficits or provide vital social programs. And people like Elizabeth Warren and others, smart people have been advocating for this for years.
“I think this California tax is pretty dumb. It's like, oh, yeah, one time tax. Why a one time tax? Are you afraid?”
You know, afraid that you're going to make a main green, you know, in the 1950s at the height of America's blooming economy. The marginal top marginal tax rate. And there weren't billionaires back then. The top marginal tax rate was 90 plus percent. For most of the past century, people were paying way way above what they're paying now. And so, you know, I think it's only reasonable that the people with the most to have more than they need should provide, you know, pay a fair share of their taxes. To help provide for the services that help make this country work and help take care of people who need taking care of.
That's, you know, that's with how civilized countries work. And, you know, I hope California goes ahead with this. Well, here's something positive. The Obama Presidential Center is celebrating its grand opening in Chicago today with a star-studded dedication ceremony featuring performances by Bruce Springsteen, Christina Aguilera and John Legend. Well, every other living president is attending the unveiling of the 19-acre civic campus president Trump was explicitly left off the guest list because duh.
Unlike traditional executive monuments, the center will function at a community hub featuring a public library and an NBA size basketball court. Obama's official administration documents will remain in a separate digital repository managed by the National Archives. Yeah, I mean, okay, it's good. Good for Chicago. Glad they built it, glad they built it, where they built it and glad they built it out. They built it. It should benefit the community. It's organized with a focus on hope.
“It's not surprisingly, and that's great, and I think any positive political news is a good thing. You know, beyond that, there's simply on that. Well, US health advisors, the greatest minds at the FDA, as we know,”
are evaluating modernas and pluseva, which aims to become the first mRNA based flu vaccine approved for adults aged 50 and older ahead of the winter season. Clinical data indicates the shot is faster to manufacture than traditional methods and reduced flu cases by 27% compared to a standard vaccine earning a favorable initial safety review from the FDA.
The expert panels review, falls a highly unusual dispute where regulators initially block the application under you'll never guess RFK junior.
A hurdle, my dinner over came by providing additional comparative data for se...
Yeah, I mean, this, the SageHS is terrible in the FDA is done. Lazy job, but it, you know, it does seem to be a little motion in a sensible direction here.
“I just want you to know that as an over 50, I will take this, and I will test it for you. I will be your guinea pig.”
And if, in fact, it works and I don't die, then by the time you get to be over 50, you can take it to. But I just want you to know that is the kind of full service colleague I am. And we salute you. Thank you. I appreciate that. I appreciate all of your support. I appreciate everybody's support.
“We've got more podcasts and things here because, well, that's what we do.”
So a little later today, we'll be recording and dropping one with Norm Hornsstein, where it's matter. I'm sure Norm will be worked out by a bunch of things. And we'll provide you with the kind of therapy you need by listening to him vent about. And we've got other podcasts coming your way later this week, a couple of special things. And you episode of SoCocciousness tomorrow. So stick with us and listen to the podcast you may have missed.
And we'll see you around campus. Bye-bye.
SoCocciousness tomorrow is the first time you've met your pool. But don't forget to watch it.
“But if that's what you're talking about, the pool was faster than that. Then you'll get the right pool.”
SoCocciousness will be the first-class pool product for the first-class pool.
SoCocciousness tomorrow will be the first-class pool for the first-class pool for the first-class pool.
