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Vladimir Putin hardly needs to interfere in American democracy

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President Vladimir Putin of Russia must get a kick out of spreading disinformation to Americans for its own sake. Otherwise it is hard to see why he would bother. As has episodically been the case for eight years, Washington is abuzz over allegations of Russian manipulation. The special counsel investigating President Joe Biden’s son, Hunter, has charged an FBI informant with telling lies about the president that have been central to Republican efforts to impeach him; the indictment links the informant to Russian intelligence.

You might expect such a dramatic development to derail the impeachment. That would betray a touching faith that the truth mattered in the first place. Republicans who once trumpeted the informant’s claims are shrugging them away and insisting that impeachment will move ahead based on other suspicions and suppositions, though the Republicans’ two-seat majority in the House of Representatives is all but certain to doom any vote, given the misgivings of some members.

This is not to minimise Russian efforts to undermine democracy. Robert Mueller, the special counsel who investigated Russian interference in the 2016 election, found it “sweeping and systematic”. But politicians of both parties have shown that when it comes to spinning conspiracies and spreading dysfunction they can manage on their own. Republican members of the House are the best at this. The most shocking facts are not emerging from the shadows thanks to congressional investigations but are being paraded in the open thanks to congressional inanity, from the refusal of House Republicans even to vote on the Senate’s bipartisan agreement to tighten border security and help Ukraine and Israel, to their inability to agree among themselves on budget priorities with a government shutdown looming, tiresomely, yet again.

The story of the informant, or misinformant, has the familiar, miasmic qualities of other scandals in the Trump era. No one is said to have peed on anyone, but the tale does involve vivid characters, duplicitous dealings in European capitals, affectionate texts with FBI agents, investigations of investigations, ties to Ukraine and, in the end, benefits to Russia.

Before he was arrested in mid-February Alexander Smirnov, a dual citizen of America and Israel, had been slipping the FBI information for 13 years. The agency trusted him enough to authorise him to commit crimes as part of investigations, though it warned him not to lie, at least not to the FBI, according to the indictment. Mr Smirnov, now 43, was in contact with his handler almost daily; he called the agent “bro”.

In 2013 Mr Smirnov was struggling with credit-card debt of $125,000, according to the Los Angeles Times, but prosecutors say he now has access to $6m, though he does not own a house or have a job, at least in America. He does have nine guns at home, prosecutors say. He has pleaded not guilty.

Here comes the complicated bit. You recall Burisma, the Ukrainian gas firm of which Mr Biden’s son, Hunter, became a member of the board while his father was vice-president? In 2017 Mr Smirnov mentioned to his handler that Hunter Biden was on the board, as was known. Then, in 2020, as Mr Biden was running against Donald Trump for president, Mr Smirnov sent his handler texts “expressing bias” against Mr Biden, according to the indictment. When he promised information incriminating the Bidens, the handler replied, “that would be a game changer.”

Meanwhile, in early 2020, the attorney-general under Mr Trump had directed Scott Brady, a US attorney, to investigate the suspicions of Biden family corruption about which Mr Trump had previously demanded that Ukraine launch an investigation, triggering Mr Trump’s first impeachment. After Mr Brady tasked the FBI with searching its files for “Burisma”, the mention from 2017 popped up, and the handler contacted Mr Smirnov. This time Mr Smirnov said Burisma’s chief executive told him as far back as 2015 that the company paid bribes of $5m apiece to the Biden men. The FBI recorded the new accusations on a “Form 1023”.

In 2023 Republican congressmen got wind of the form and demanded it, extracting it and publicising it after threatening the FBI director with contempt. Although the information was uncorroborated, Nancy Mace, a South Carolina congresswoman, declared at the first impeachment hearing in September that “we already know the president took bribes from Burisma.” Jim Jordan of Ohio called the FBI document “the most corroborating evidence we have”, while Elise Stefanik of New York saw “the biggest political corruption scandal” of “the past 100 years”.

An imperfect spy

Mr Smirnov’s claims did not withstand the slightest scrutiny, according to the indictment. He did not meet any Burisma executives before 2017, and meetings and calls that he described never took place, the indictment says. When agents met with him in September, according to the indictment, Mr Smirnov changed his story and told new lies. He said that when Hunter Biden stayed in Kyiv’s Premier Palace hotel his calls may have been recorded by Russian intelligence. Yet Mr Biden has never even been to Ukraine. Mr Smirnov, prosecutors warned, “is actively peddling new lies that could impact US elections after meeting with Russian intelligence officials in November”. They have successfully argued that he is a flight risk who should be detained pending trial.

No Republican who hyped Mr Smirnov’s accusations has expressed regret, and the leader of the committee pursuing impeachment, James Comer, insists his inquiry, which has yet to produce evidence of a crime by the president, “is not reliant” on them. It would be reassuring to discover that, at bottom, Mr Putin is responsible for all this nonsense. What seems more probable is that he offered an assist to politicians already more than capable of wasting their chance to do some good while in office. 

Read more from Lexington, our columnist on American politics:
The flaws that China’s chief ideologue found in America (Feb 22nd)
Donald Trump’s tremendous love (Feb 16th)
This is not a story about Taylor Swift and the Super Bowl (Feb 8th)

Also: How the Lexington column got its name

Economics

UK inflation September 2024

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The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom.

Dan Kitwood | Getty Images News | Getty Images

LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday.

Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the month, in the first dip of the print below the Bank of England’s 2% target since April 2021.

Inflation has been hovering around that level for the last four months, and came in at 2.2% in August.

Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.2% for the month, down from 3.6% in August and below the 3.4% forecast of a Reuters poll.

Price rises in the services sector, the dominant portion of the U.K. economy, eased significantly to 4.9% last month from 5.6% in August, now hitting its lowest rate since May 2022.

Core and services inflation are key watch points for Bank of England policymakers as they mull whether to cut interest rates again at their November meeting.

As of Wednesday morning, market pricing put an 80% probability on a November rate cut ahead of the latest inflation print. Analysts on Tuesday said lower wage growth reported by the ONS this week had supported the case for a cut. The BOE reduced its key rate by 25 basis points in August before holding in September.

Within the broader European region, inflation in the euro zone dipped below the European Central Bank’s 2% target last month, hitting 1.8%, according to the latest data.

This is a breaking news story and will be updated shortly.

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Economics

Why Larry Hogan’s long-odds bid for a Senate seat matters

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FEW REPUBLICAN politicians differ more from Donald Trump than Larry Hogan, the GOP Senate candidate in Maryland. Consider the contrasts between a Trump rally and a Hogan event. Whereas Mr Trump prefers to take the stage and riff in front of packed arenas, Mr Hogan spent a recent Friday night chatting with locals at a waterfront wedding venue in Baltimore County. Mr Hogan’s stump speech, at around ten minutes, felt as long as a single off-script Trump tangent. Mr Trump delights in defying his advisers; Mr Hogan fastidiously sticks to talking points about bipartisanship, good governance and overcoming tough odds. Put another way, Mr Hogan’s campaign is something Mr Trump is rarely accused of being: boring. But it is intriguing.

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Economics

Polarisation by education is remaking American politics

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DEPENDING ON where exactly you find yourself, western Pennsylvania can feel Appalachian, Midwestern, booming or downtrodden. No matter where, however, this part of the state feels like the centre of the American political universe. Since she became the presumptive Democratic presidential nominee, Kamala Harris has visited Western Pennsylvania six times—more often than Philadelphia, on the other side of the state. She will mark her seventh on a trip on October 14th, to the small city of Erie, where Donald Trump also held a rally recently. Democratic grandees flit through Pittsburgh regularly. It is where Ms Harris chose to unveil the details of her economic agenda, and it is where Barack Obama visited on October 10th to deliver encouragement and mild chastisement. “Do not just sit back and hope for the best,” he admonished. “Get off your couch and vote.”

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