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How FDR Invented National Security

Excerpt How FDR Invented National Security A presidential speech in 1937 marked an unexpected turn in U.S. strategic thought. May 30, 2025, 2:00 PM Comment icon View Comments () By Andrew Preston, professor of American history and fellow of Clare College at Cambridge University. President Franklin D. Roosevelt waves as he speaks to a crowd…

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US stock rally faces some stiff tests

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The startling bounceback in US stocks since April’s tariff chaos has stalled. Now, Donald Trump’s “big, beautiful” budget bill is the event that could make or break it. US retail investors are, it seems, all…

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Why doesn’t government work in the US?

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is author of ‘Liberalism and Its Discontents’ The Trump administration came into office on January 20 vowing to destroy what it called the “deep state,” unleashing Elon Musk and his so-called…

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