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Two presidents compete over the worst abuse of the pardon power

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American presidents are often disappointed to discover limits to their authority, but the country’s founders intended the nearly absolute pardon power to be an exception. Alexander Hamilton, for example, believed that legislators should not be involved in the pardons process because “one man appears to be a more eligible dispenser of the mercy of government, than a body of men.” Americans might now question the wisdom of bestowing such responsibility on men like Joe Biden and Donald Trump.

Throughout American history, the use of clemency has ranged from magnanimous to contemptible. George Washington pardoned men involved in a violent insurrection against his government over a whiskey tax. Andrew Johnson granted reprieves to Confederate civil-war veterans. Draft-dodgers were let off the hook by Jimmy Carter and Gerald Ford, who also pardoned his predecessor, Richard Nixon. Recent declarations have been less high-minded. Bill Clinton pardoned a Democratic donor’s former spouse and, during his first term, Mr Trump did the same for his son-in-law’s father.

Mr Trump’s indiscriminate pardons of those involved in the January 6th attack on the Capitol understandably dominated headlines. But Mr Biden kept busy before he left. On January 20th he issued pre-emptive pardons for polarising figures like Mark Milley, the retired top general; Anthony Fauci, a public-health official; and members of the House’s January 6th committee. Mr Biden said that the pardons were not an admission of guilt so much as protection from “revenge” by the new Trump administration.

Although Mr Biden’s Department of Justice (DoJ) previously argued that immunity for presidents wasn’t needed because grand juries are “prohibited from engaging in arbitrary fishing expeditions”, and the justice system broadly is “subject to public scrutiny and rigorous protections for a defendant’s rights”, the outgoing president grew more sceptical of safeguards in the system, even with his own party in control of the DoJ. That was the case in December, when Mr Biden cast doubt on the fairness of the justice system he oversaw to justify breaking his pledge not to pardon his son.

Mr Biden’s siblings and their spouses also received pre-emptive pardons in the final minutes of the administration. Mr Trump had considered a similar move after the 2020 election but decided against it after facing bipartisan criticism. Mr Biden had no such qualms, framing the last-minute pardons as protecting the innocent from unfair prosecution. Never mind that Mr Biden’s own DoJ had investigated his brother, or that Republicans allege he had lied to Congress in testimony.

John Yoo, a legal scholar with an expansive view of presidential power, suggested that such unprecedented pardons could create new vulnerabilities for those who accept them. No longer subject to federal prosecution, recipients such as Mr Fauci can’t cite a right to avoid self-incrimination when refusing congressional testimony. “If we really want to know what happened with covid and lab leaks and federal funding…well, now Congress can find out,” reckons Mr Yoo. He also noted that prosecutors at state level, who pursued cases against Mr Trump parallel to federal ones, remain free to investigate and indict those with federal pardons.

Another little-noticed act of clemency came for Leonard Peltier, a Native American activist convicted of murdering two federal agents. For decades the case was a cause célèbre on the left. Meanwhile, the director of the FBI expressed “vehement” opposition to the release of a “remorseless killer”.  But Mr Biden commuted Mr Peltier’s sentence, citing health concerns. No doubt many of Mr Trump’s supporters will point to this decision when defending his indefensible January 6th pardons.

Those supporters also may cite Hamilton’s admonition that “there are often critical moments, when a well timed offer of pardon to the insurgents or rebels may restore the tranquillity of the commonwealth”. The difference is that such pardons were meant for a president trying to quell unrest—not to protect participants in unrest that he had condoned. Others seem to be learning depressing lessons from this: Eric Adams, the mayor of New York, who faces corruption charges, has started courting Mr Trump in recent months.

Even when Mr Trump made a defensible choice on clemency, he went about it in an unseemly way. On January 21st he pardoned Ross Ulbricht, who had been sentenced to life in prison after creating an online marketplace for drug-dealers and other criminals. Mr Trump, who had previously called for the death sentence for drug-dealers, alluded to a campaign promise to libertarians and said that “the scum” who convicted Mr Ulbricht had pursued him too.

Presidential pardon power took a reputational hit this week, deservedly. To change it requires a politically impossible constitutional amendment. Presidents could wield it more responsibly, though. To persuade them to do so would require public pressure and awareness of what a better system might look like.

While high-profile cases get the most attention, thousands of anonymous Americans remain mired in a backlog of clemency reviews at the DoJ. Mr Biden previously granted clemency to most of the federal prisoners on death row and thousands of non-violent offenders. Yet the most recent data show he leaves office with nearly 10,000 petitions closed without presidential action, up from just over 8,000 under Mr Trump four years ago. The number stood at around 500 when George H.W. Bush left office in 1993. Margaret Love, who was the DoJ’s pardon attorney in the 1990s, says it is common to see someone convicted of a minor drug offence as a teenager seeking a pardon so they can become a lawyer as an adult.

During Mr Trump’s first term, only about 11% of the 238 clemency grants were recommendations from the Department of Justice’s pardon attorney. The president typically preferred flashier cases. “I hope Trump will take a careful look at how we’re using the power,” says Ms Love. “Let’s do some stuff for little people.”

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Economics

UK Has a New Prime Minister Without a General Election

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UK Has a New Prime Minister Without a General Election

On July 20, Andy Burnham has been chosen to be the next Prime Minister in UK. The appointment of a new Prime Minister in the United Kingdom often raises questions from people outside the country, especially when no nationwide election has taken place. Many wonder how a new national leader can assume office without voters casting ballots. The answer lies in the UK’s parliamentary system, where the Prime Minister is not directly elected by the public but is instead chosen based on who commands the confidence of the House of Commons.

How the UK Selects Its Prime Minister

Unlike presidential systems where citizens vote directly for the head of government, the United Kingdom elects Members of Parliament (MPs) during a general election. The political party that secures a majority of seats in the House of Commons usually forms the government, and that party selects its own leader to serve as Prime Minister.

If the leader resigns, becomes unable to continue, or is replaced by their party, the governing party can choose a new leader without triggering a general election. As long as the new leader is able to maintain the confidence of Parliament, they can immediately become Prime Minister after being formally appointed by the monarch.

Why No Election Was Required

A general election is not automatically required every time the office of Prime Minister changes hands. The governing party retains its parliamentary majority because voters elected MPs rather than an individual Prime Minister. If the ruling party chooses a new leader through its internal leadership process, the government continues to operate without interruption.

This constitutional arrangement provides stability and allows the government to continue functioning during periods of political transition. It also avoids the expense and disruption of holding a nationwide election every time party leadership changes.

The King’s Constitutional Role

After a governing party elects a new leader, the monarch invites that individual to form a government. This constitutional step is largely ceremonial and follows long-established conventions. The King appoints the person most likely to command a majority in the House of Commons, ensuring continuity of government.

Although the monarch formally appoints the Prime Minister, political power rests with Parliament and the elected representatives of the British people.

Could an Election Still Happen?

Yes. A newly appointed Prime Minister has the authority to request a general election if they believe it is politically advantageous or if they seek a stronger public mandate. Parliament can also reach a point where a government loses the confidence of the House of Commons, potentially leading to an election or the formation of a new government.

In many cases, however, a new Prime Minister continues governing until the next scheduled general election.

What This Means for the UK

The UK’s parliamentary democracy is designed to ensure government continuity while respecting the results of the most recent general election. Leadership changes within the governing party do not automatically alter the composition of Parliament, which is why a new Prime Minister can take office without another nationwide vote.

Understanding this process helps explain why political transitions in the United Kingdom can appear different from those in countries with presidential systems. While the Prime Minister may change, the democratic mandate of Parliament remains in place until voters elect a new House of Commons at the next general election.

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Economics

Global Grid Upgrades Reshape Macro Economics

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Global grid upgrades reshape macro economics

On July 21, 2026, global economic analysis shifts focus toward a defining structural macroeconomic trend: the massive expansion of public and private capital deployment into high-capacity electrical grid infrastructure. As industrial electrification, automated data center hubs, and renewable energy integration accelerate worldwide, sovereign governments and institutional investors are facing a monumental economic challenge. Updating legacy power grids to meet skyrocketing demand has emerged as a primary driver of long-term capital expenditures and industrial productivity across both developed and emerging market economies.

According to international economic policy updates released this week, grid infrastructure investments are projected to exceed multi-trillion-dollar thresholds over the coming decade. Economic planners caution that without modernized, high-voltage transmission networks, regional manufacturing sectors face severe energy bottlenecks, localized power price volatility, and operational constraints. Consequently, infrastructure spending is rapidly transitioning from passive utility maintenance into a vital component of national economic competitiveness and industrial policy.

The macroeconomic ripple effects of this capital deployment are being felt across global commodity markets and labor networks. High demand for structural industrial inputs—such as copper, aluminum, specialized electrical steel, and high-capacity transformers—has created sustained pricing support for critical material producers. Simultaneously, the specialized technical labor required to manufacture and deploy modern grid hardware is driving wage growth in industrial sectors, adding a complex new layer to central bank disinflation trajectories.

For global policymakers and strategic investors, the economics of energy grid modernization represent a double-edged sword. While massive infrastructure investment boosts short-term gross domestic product (GDP) and strengthens domestic industrial foundations, it requires disciplined fiscal allocation to prevent inflationary crowding-out of private capital. Countries that efficiently streamline grid infrastructure permitting and mobilize private investment will secure lower long-term energy costs, attracting high-tech manufacturing and reinforcing sustainable economic growth.

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Economics

Global Trade Realignment and Supply Chains in 2026

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Global Trade Realignment and Supply Chains in 2026

The international trade architecture entering the second half of 2026 is undergoing a profound structural pivot. As major sovereign economic blocs adjust to the long-term impact of unilateral tariffs and escalating regional subsidies, traditional globalized supply chains are being rapidly replaced by bilateral trade corridors and regional alliance networks. Data released in late July 2026 highlights a significant divergence: while cross-continental freight volumes between non-aligned partners have cooled, intra-regional trade throughout North America, Southeast Asia, and Eastern Europe has surged to record levels. This shift reflects a broader macroeconomic strategy wherein multinational corporations prioritize geopolitical resilience over pure cost minimization.

The primary economic catalyst behind this regionalization is the proliferation of sector-specific tariffs targeting critical industries, notably battery components, clean energy technology, and advanced semiconductor hardware. In response, global manufacturers have adopted multi-tier sourcing models that distribute production across intermediate partner nations before final assembly. While this strategy successfully bypasses primary import duties, it adds structural layers of logistical complexity and administrative oversight. Economists note that while total output remains robust, aggregate production costs have drifted upward, contributing to persistent baseline inflation across major consumer markets.

Simultaneously, currency settlement patterns within these regional blocs are experiencing a notable transformation. Sovereign central banks and commercial institutions are increasingly utilizing localized currency swap lines and digital clearing mechanisms to settle cross-border trade transactions. This transition reduces direct exposure to foreign exchange volatility and mitigates third-party liquidity constraints, further solidifying regional economic cohesion. However, for developing economies situated outside these primary trading alliances, the tightening of international trade networks presents severe challenges, restricting access to key export markets and foreign direct investment.

For corporate strategists and policy analysts navigating late 2026, success requires a thorough understanding of these emerging trade corridors. Organizations must conduct regular risk assessments of their multi-tier supplier networks, model tariff sensitivities under shifting geopolitical scenarios, and invest in real-time supply chain telemetry. As regional economic blocs strengthen their regulatory borders, supply chain agility and compliance fortitude will distinguish market leaders from vulnerable enterprises in the evolving global economy.

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