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Delivery-date: Thu, 13 Feb 2025 16:08:58 -0500
From: "The Economist today" <newsletters@e.economist.com>
To: <info@harmonyinnovationhub.com>
Subject: Musk is failing to cut American spending
Date: Thu, 13 Feb 2025 15:08:48 -0600
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The Economist
 
 
  
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February 13th 2025

The Economist today

The best of our journalism, handpicked each day

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Lane Greene

Senior digital editor

Elon Musk seems to think America&rsquo;s government can be trimmed down only with a meat-cleaver. Yet despite firings, spending freezes and other drastic, chaos-inducing measures, 
 
https://click.e.economist.com/?qs=0570d85d07c53807d028266c1a5be59f563c9cbfc9602a7a03a285976d0df2a3d4b251ed05a93ed8712db4d88c0d8945a0aaab5e7c826de699c47beb7465829e 
spending has barely budged .
 That&rsquo;s because he has not gone where the real money is: expensive, popular social-spending programmes and defence.

And Donald Trump&rsquo;s 
 
https://click.e.economist.com/?qs=0570d85d07c53807e40e6a0e9c6166474a681fcab70a56b19b822c66739d9b36e7abec37fcde52db6a145f0edcce055ea3314bdf282821b1c4afa20598c13050 
surprise phone call 
 with Vladimir Putin, in which he agreed to start talks to end the war in Ukraine &ldquo;immediately&rdquo;, seems like a boost for Russia. Western leaders chattering at the Munich Security Conference this week will want to know whether America is about to abandon Ukraine.

https://click.e.economist.com/?qs=0570d85d07c53807785eacd65b8082dc0780014c0416619a52c2be64adcedd441e567db5c7a2fbabf1f4488f9fe9772d0e56155b60e0c8e76e4e143bf03627ef

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Bluster-busting

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Elon Musk is failing to cut American spending

&rarr; 
https://click.e.economist.com/?qs=0570d85d07c5380734f2a71a1d7981fa65258ab904ac7cd6189d9685c9de56deef7e16e7cb8cc959beb49de176e7ed8e768b6b8e6ebc22c47f26e3660d8e85f6 
What is Musk getting up to with America&rsquo;s payment system?

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Going over their heads

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Ukraine’s fears are becoming reality, after Trump talks to Putin

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A phone call sparks fear and dread in Kyiv and other European capitals

&rarr; 
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Our interview with Volodymyr Zelensky

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Dodgy politics

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Donald Trump and the art of the quid pro quo

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Tariff man

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The goods most vulnerable to American tariffs on China

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Our number-crunching shows which trade flows could be hard to replace

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European politics

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Can Friedrich Merz save Germany—and Europe?

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Free exchange

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The danger of relying on OpenAI’s Deep Research

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High-speed chase

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Chinese cars are taking over the global south

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Blind Britain

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The Lucy Letby case shows systemic failure and a national malaise

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Whether or not the neonatal nurse is guilty of murder, her saga is revealing

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The Economist watches

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Six of the best films about love

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Tales of romance won—and lost—to stream this Valentine’s Day

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Babbage

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Do animals have language?

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Our weekly podcast on science and technology

Figure of the day

30,000. The number of troops mobilised by Ukraine every month over the past year, according to President Volodymyr Zelensky. 
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Read the full story.

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What can the world&rsquo;s most walkable cities teach other places?

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Donald Trump&rsquo;s Super Bowl tariffs are an act of self-harm

&rarr;
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What is Elon Musk getting up to with America&rsquo;s payment system?

&rarr;
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Germany&rsquo;s &ldquo;business model is gone&rdquo;, warns Friedrich Merz

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What is the toll of Vladimir Putin&rsquo;s invasion? How have drones changed warfare? And can Donald Trump broker peace? Join our editors on Monday February 24th at 4pm GMT / 11am EST / 8am PST.

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<div class="preheader" style="font-size: 1px; display: none !important;">Also: Six of the best films about love</div>
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        <p>
         Elon Musk seems to think America&rsquo;s government can be trimmed down only with a meat-cleaver. Yet despite firings, spending freezes and other drastic, chaos-inducing measures, 
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=0570d85d07c538076fc4a42fe334efc1b844429ecbb23a7f2cf4c62cb00e6b38e76bad839e274bbefe31a1a4ffd0cbaae611e390cb4845e71f935c2a40748729" style="text-decoration:none;" title="spending has barely budged">spending has barely budged</a>.
          That&rsquo;s because he has not gone where the real money is: expensive, popular social-spending programmes and defence.<br>
         <br>
         And Donald Trump&rsquo;s 
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=0570d85d07c53807067d1cdb58fee40e2e6875e67fbd3051ac77cb05de01032c9dbe911825b20c18de60588b0f1d50786a671d08c69cc0b3623ce5c38bc42f0f" style="text-decoration:none;" title="surprise phone call">surprise phone call</a>
          with Vladimir Putin, in which he agreed to start talks to end the war in Ukraine &ldquo;immediately&rdquo;, seems like a boost for Russia. Western leaders chattering at the Munich Security Conference this week will want to know whether America is about to abandon Ukraine. &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</p></td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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									<b>Figure of the day</b></h2></td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px; " class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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								<b>30,000</b>. The number of troops mobilised by Ukraine every month over the past year, according to President Volodymyr Zelensky. <a   data-linkto="https://" href="https://click.e.economist.com/?qs=0570d85d07c53807ad3a794bc9089899ecfb3cdac5efa22e5193530d1abbea688b5c01c5a2038c4f41f3ec218947af3a67c6be3be1ad8b529595ea4527eca6f0" style="text-decoration:none;" title="Read the full story.">Read the full story.</a>&nbsp;</td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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