Sports inspire greatness, determination, and resilience—both on and off the field. Bank of America is proud to celebrate the achievements of and uplift communities through the power of sports.
Learn more about how Bank of America supports athletes in life and in the game.
In this episode of Ian Bremmer’s Quick Take, Ian breaks down escalating US actions toward Venezuela.
Ian explains why Venezuela isn’t making headlines, but should be. The Trump administration recently designated Venezuela’s powerful Tren de Aragua cartel a terrorist organization, directly tied Nicolás Maduro to another drug cartel, Cartel de los Soles, doubled the bounty on Maduro’s head to $50 million, and authorized the Pentagon to target cartels in Venezuela and Mexico.
Most strikingly, the US has deployed three guided missile destroyers and other ships to Venezuela’s coast, a clear show of force that suggests options beyond drug interdiction.
Military strikes are not inevitable, but Ian notes the dots are being connected. Any action would likely resemble past US strikes on Iran: a sudden, limited but heavy show of power, not a long war.
Still, labeling Maduro a narco-terrorist opens the door to broader moves against his regime, a possibility to watch closely in the coming weeks.
The US imposed steep 50% tariffs on Indian goods Wednesday, doubling an earlier 25% levy after New Delhi increased purchases of Russian oil. The move threatens $48.2 billion in exports, hitting labor-intensive sectors like textiles, jewelry, leather, food, and autos hardest, though pharmaceuticals and electronics are spared. Indian exporters warn of job losses and unviable businesses, while Prime Minister Narendra Modi has vowed not to yield to US pressure on agriculture and dairy access. With trade talks stalled, India is preparing reforms to boost domestic demand and diversify exports toward Europe, Africa, and Southeast Asia.
– By Tony Frangie Mawad
The turquoise Caribbean waters off Venezuela now carry two rival fleets under the same flag. One consists of US destroyers, an amphibious squadron and a nuclear submarine deployed as part of US President Donald Trump’s newest offensive against Latin American drug cartels. The other is Chevron oil tankers loading Venezuelan crude and heading north, supplying US refineries.
This duality is indicative of the Trump administration’s internal conflict over how to deal with Venezuela. While figures like Special Envoy Richard Grenell and MAGA influencer Laura Loomer dismiss “regime change” rhetoric and prioritize access to Venezuela’s oil reserves – the world’s largest – Secretary of State Marco Rubio and other Florida Republicans push for sanction-centered “maximum pressure” and alignment with opposition leaders María Corina Machado and Edmundo González Urrutia.
The strain comes after the contested July 28, 2024, presidential elections in Venezuela, when – despite overwhelming evidence of an opposition landslide victory – the Maduro government deepened repression and clung to power despite its unpopularity. The opposition, with no institutional leverage and facing a security apparatus loyal to the country’s ruling socialists, pinned its hopes on external pressure. Opposition leader Machado therefore welcomed Trump’s naval deployment, praising “the firm and brave decision to dismantle the criminal enterprise that has seized Venezuela.” She and Rubio link President Nicolás Maduro not only to alleged drug trafficking group, “Cartel of the Suns,” but also to the transnational criminal gang Tren de Aragua (TdA), portraying the Venezuelan regime as the “criminal hub” of a hemispheric syndicate. Their campaign has borne fruit: Trump formally designated the Cartel of the Suns as a terrorist organization, accusing Maduro of leading it, and raised the bounty for his capture to $50 million – twice the figure once set for Osama bin Laden.
These actions are more defensible if Venezuela is considered a narco-state. Transparencia Venezuela, Transparency’s local branch now in exile, estimates illicit economies – including cocaine, gold smuggling, and port kickbacks – may amount to close to 16% of national GDP. Almost 25% of the world’s cocaine, routed through Colombia, now passes through Venezuela, according to the DEA and other agencies. These numbers support the hard-liners in the US administration. Yet experts caution against taking the US designation of the “Cartel of the Suns” literally. Far from a rigid hierarchy, it is more an umbrella term for informal trafficking networks facilitated by corrupt officials and state institutions in the vacuum left by Venezuela’s weakened state control. Similarly, evidence linking TdA to the Maduro government is scarce.
For now, Washington is keeping its options open. The naval and marine presence – over 4,000 troops, amphibious carriers, reconnaissance aircraft, and three destroyers – is tailored less to invasion than to interception. “Suspicious vessels may be detained and boarded on the high seas, with or without flag consent. This exerts pressure, but it doesn't overthrow anyone,” says Víctor M. Mijares, a Venezuelan geopolitical expert.
Nobody knows what happens next. The presence of precision-strike platforms revives fears of a surgical operation, akin to US and Israeli strikes against Iran, a close ally of Venezuela’s regime. In anticipation, Maduro has banned non-state sale and use of drones. He has also reacted with fiery anti-imperialist rhetoric, calling for a nationwide mobilization that supposedly enlists firefighters, communal councils, and 4.5 million militia members – though local analysts note that figure is inflated, consisting largely of pensioners and state clients. On Monday, perhaps as a show of strength and to reinforce defensive border security, Venezuela also announced the deployment of 15,000 troops – allegedly as part of a domestic anti-drugs operation – to the border with Colombia, a key US regional security partner. Venezuela is also deploying ships to the northern part of the country’s territorial waters, likely facing the US fleet.
Despite the military deployments, one key factor supports a continuation of the status quo: economics. US sanctions notwithstanding, Chevron is able to export oil thanks to the renewal of their license to operate. While the opposition had urged Washington to revoke the license, calling instead for the “financial asphyxia” of the regime, tankers have resumed crude exports to the United States. The trade is estimated to generate roughly $4 billion a year, and accounts for the bulk of Venezuela's oil production.
In the medium term, it is most likely that tensions will gradually escalate. If it comes to a head and Maduro is replaced in a haphazard way, without coordination between the democratic opposition and state actors, the result may not be a democratic transition but a power vacuum quickly filled by hardliners or even a military junta. At least for now, in a country increasingly accustomed to secrets and conspiracies, the full picture remains unclear.
Tony is a Venezuelan journalist and political scientist based in Caracas. He has written for several international outlets, runs a bilingual newsletter on his country called Venezuela Weekly, and is launching Ecosistema, a digital outlet on Venezuelan business, tech, and society.
34: A rebel FARC group has kidnapped 34 soldiers in southeast Colombia in what is the latest instance of dissidents fighting government forces in the Latin American country. The move came after the military forces recently killed 11 guerillas in a spike in hostilities. The militant FARC group accepted a peace deal with the government in 2016, but some of its members rejected the deal, splintered off, and have continued to cause chaos ever since (read more here).
115: South Korean students won’t be able to use their phones in school starting March 2026, after 115 members of the National Assembly passed a bill that bans the use of cells in the classroom. Only 31 members voted against. South Korea becomes the latest country to enact such a law, following similar moves from Italy, the Netherlands, and China.
80,000: Taylor Swift’s engagement to NFL star Travis Kelce has ignited a frenzy on prediction markets, with more than $80,000 new bets on the “Kalshi” platform within hours of the announcement. Wagers range from the wedding date to future children – the latest sign of America’s gambling craze spilling into celebrity culture.
US President Donald Trump will convene a “large meeting” at the White House today to discuss a plan for managing Gaza once the war there ends. US special envoy Steve Witkoff even appeared to acknowledge that the US had a plan, adding that he hopes the war is resolved by the end of the year. The meeting comes as an inquest begins into Monday’s double Israeli strike on a hospital in Khan Younis that killed 20 people. Israeli Prime Minister Benjamin Netanyahu called it a “tragic mishap.”
Russia may be focused on its invasion of Ukraine, but that hasn’t stopped it from making other moves to weaken the West: Moscow has offered to build a nuclear power plant in Niger that could hurt parts of France’s nuclear industry. Niger, a uranium-rich nation in the Sahara Desert, has previously exported the metal to France for further refining, but the ruling military junta has been cutting ties with the former colonial power ever since overthrowing the government in 2023 – and Russia eyes an opportunity. The plan is fraught with challenges, though, and the plant may never come to fruition.
Australia is following the money in its investigation of the antisemitic attack on a Melbourne synagogue last year, with officials saying Wednesday that the funds that the alleged perpetrators received traced back to Iran. It’s possible that those charged didn’t even know Tehran was involved. This revelation comes after Australian Prime Minister Anthony Albanese said Tuesday that Iran orchestrated this terrorist attack, as well as another in Sydney. Australia isn’t the only country probing the role of Iran’s government in carrying out terrorism: British and Swedish security forces have also warned that the Islamic Republic were attempting to use proxies to commit attacks in their countries.
Despite the foot dragging and all the threats of taking over Gaza City, Israeli Prime Minister Netanyahu will find his way to a ceasefire in Gaza this September. Here's why.
First, domestic pressure is growing. Israel is witnessing some of the largest street protests it's seen in the past two years. They're repetitive, they're consistent, they're ongoing. Second, there's growing international pressure. It is not only the Saudis that are leading the charge for recognition of a Palestinian state at the United Nations this September. It's also the French and the British and other European and Western allies of Israel. By signing on to a temporary ceasefire, Bibi can preclude some of that pressure.
There are also opportunities here. Netanyahu is better positioned against members of his own coalition who have been threatening to leave it if he signs onto that ceasefire, namely, ministers Ben Gvir, Smotrich are in a weaker position right now in the polls that they had been previously. They need him more than he needs them in the lead up to expected parliamentary elections next year.
There's also President Trump and rumors around Washington have it that he will be willing to visit Israel after a stopover in the UK on the 17th to the 19th of September if in fact Bibi finds his way to that temporary ceasefire. And lastly, what Hamas is putting on the table here is an acceptance of the American plan, otherwise known as the Witkoff plan named after the American envoy who tabled it last spring, but couldn't get itself to accept it. So for Bibi not to accept an American plan that he signed off on back in spring is counterintuitive.
So for all those reasons, we think that there will be a temporary ceasefire in September. It's not a total end to the war. It's a 60-day reprieve. Israel can find itself back at war in Gaza, perhaps occupying the entire strip. That will be the negative and brutal scenario. One would hope that diplomacy will find a way and will reign supreme by the end of that 60-day ceasefire.
In Argentina’s Patagonia region, Indigenous Mapuche communities are clashing with President Javier Milei’s government over rights to their ancestral lands. Facing a deep financial crisis, Milei sees Argentina’s vast natural resources—minerals, oil, timber—as central to economic recovery. But the Mapuche, among the country’s strongest voices fighting for environmental protection, are being evicted from land they’ve lived on for over 14,000 years. On GZERO Reports, Will Fitzpatrick travels to Patagonia to interview Mapuche community members about the legal fight they say threatens Argentina’s unique biodiversity and indigenous culture, as well as their survival.
Land disputes between the Mapuche and the Argentinian state have existed for decades, but after the Milei government revoked a key law that protected Indigenous territories at the end of 2024, officials began an aggressive eviction campaign. Recent raids and accusations of arson have escalated tensions, and many Mapuche fear state power is now being wielded to push them off resource rich territory.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
Five years ago, Microsoft set bold 2030 sustainability goals: to become carbon negative, water positive, and zero waste—all while protecting ecosystems. That commitment remains—but the world has changed, technology has evolved, and the urgency of the climate crisis has only grown. This summer, Microsoft launched the 2025 Environmental Sustainability Report, offering a comprehensive look at the journey so far, and how Microsoft plans to accelerate progress.
You can read the report here.
US President Donald Trump said he’s firing Federal Reserve governor Lisa Cook, citing alleged false statements on her mortgage agreement as cause for her sacking. The legal authority for this move is unclear. Cook, the first Black woman to be on the Fed’s board of governors, said the president has no authority to remove her, and her lawyer vowed to reverse her dismissal. The president had repeatedly targeted Cook in recent days, the latest move in a series of extraordinary attacks on the Fed’s independence since he returned to office. The move prompted a sell-off of long-term US government bonds.
Prime Minister François Bayrou has called a confidence vote for Sept 8 on his €44 billion deficit-cutting budget — a move widely expected to topple his minority government, as key opposition factions have vowed to vote against him. If Bayrou loses, France would face another government collapse, prolonging political gridlock and raising the risk of snap elections that could hand the right wing an outright majority. Markets reacted immediately: France’s 10-year borrowing costs surged to 3.53%, and the CAC 40, France’s benchmark stock index, fell for a second straight day.
80: “We affirm that Hamas’s sins and crimes do not relieve the government of Israel of its obligations to make whatever efforts are necessary to prevent mass starvation,” a group of roughly 80 Orthodox Jewish rabbis wrote in an open letter. Orthodox leaders have largely shied away from criticizing the Israeli government, but this letter marked a turning point.
600,000: US President Donald Trump said up to 600,000 Chinese students would be allowed to study in the US, framing the move as part of ongoing trade negotiations with Beijing. Currently, about 270,000 Chinese students are enrolled in US universities, roughly 100,000 less than the 2020 peak.
128: France is returning the skull of a slain Malagsy king, some 128 years after French forces killed and decapitated him as part of an effort to assert colonial control. The head was then taken to the Museum of Natural History in Paris. Madagascar’s government and King Toera’s descendants had pressed the Élyssée Palace to return his remains.
You can’t step outside these days without hearing someone talking about AI’s impending slaughter of white-collar jobs. So far, the evidence that AI is shifting the broader labor market is thin, but among new college graduates, the story looks different – unemployment is rising faster for them than for the workforce overall.
Since we opened the Pandora’s Box of chatbots, new grads have faced higher unemployment than the national average for the first time in decades. Which raises the question: are they the canaries in the coal mine that AI-driven job disruption has begun?
“It just seems like there’s not any more entry-level roles,” reports James Kettle, a 25-year-old Columbia University graduate who’s been on the job hunt since May. His experience is echoed in a new Stanford study, which found hiring in AI-exposed occupations for early-career workers is down 13%.
Even if we can’t be certain AI is totally to blame for stealing young people’s existing jobs (yet), it’s making it harder for them to get hired in the first place. Delia Thompson, a 23-year-old University of Virginia graduate who’s been on the hunt for seven months, describes the job process today as “shouting into the void,” as she and other candidates send thousands of AI-assisted resumes through LinkedIn, only for companies to use their own algorithms to sift through the pile – a loop of bots talking to bots. “It makes it feel like a total lottery,” says Thompson.
This is reshaping how many young people are viewing AI overall. As something that gives the illusion of abundance – more productivity, more swipes on dating apps, more options – while making it more difficult to hear the signal through the noise. “AI is making it much harder for everyone,” says Kettle. “[Dating apps] make it harder to find a girlfriend, AI makes it harder to find a job… And for what? For it to just replace those jobs?”
Most of the young people I interviewed predicted that AI would only end up benefiting a small number of people, further consolidating wealth and costing jobs. “No one really wants to be associated with AI,” Kettle continued, “besides shareholders who want to lower costs and to be seen as cool.”
This isn’t this generation’s first rodeo. They have already been the guinea pigs for one revolutionary new technology: social media. They had Facebook in elementary school, Instagram in middle school, and were addicted to them long before the first op-eds hit the presses about how they might rewire a developing brain. It has created a generation of early tech adopters, but also one that’s keenly aware of its pitfalls and ulterior motives.
“God forbid Meta reaches AGI first and the whole world becomes Instagram,” bemoaned Kettle.
Economic shocks have compounded the mistrust. Many graduates grew up in households battered by the Great Recession, were told college was the only way forward, and then took on debt for degrees that played out mostly on Zoom. Now they’re entering a labor market that’s the toughest it’s been for college-educated workers in 25 years – and AI will only make it worse.
“Everything that was sold as the golden ticket turned out to be a nightmare,” says Sam Angel, who has been looking for a job since he graduated from Columbia University last year. “What really underlies this whole thing is just an underlying sense of powerlessness,” Angel told me.
That sense of being shut out is driving political volatility. Forty-six percent of young voters voted for Trump in 2024, up from 36% in 2020 – with the majority citing pocketbook issues. But those gains for Trump are quickly disappearing: his approval among 18–29 year olds has collapsed 44 points, with 72% now disapproving. This generation wanted predictability, and instead got more layoffs – played live on TikTok.
That same anger was evident in New York City when the tagline “billionaires shouldn’t exist” helped win Zohran Mamdani the Democratic primary. Young voters didn’t hear socialism – they heard someone saying that the richer shouldn’t keep getting richer as the middle hollows out.
“People like me are getting demoralized,” Kettle said. “I want to get married and have a kid, but I look at the price of childcare, the price of housing, the price of healthcare. It doesn’t look like it’s gonna happen.”
Today’s graduates don’t feel unlucky, they feel disillusioned. Their politics are volatile, and increasingly shaped by a sense that each “unprecedented” disruption – from the pandemic to AI – keeps breaking the promises made to them about their agency over their future.
What happens when global norms collapse and no one is left to enforce them? On GZERO World with Ian Bremmer, International Rescue Committee president and CEO David Miliband warns that we are living through what he calls an “Age of Impunity,” where power is exercised without accountability, and civilians in conflict zones from Syria to Ukraine to Gaza are paying the price. “The Age of Impunity is becoming the Age of Cruelty,” Miliband says, as rights guaranteed under international law are ignored and no one is holding the powerful to account.
Miliband highlights findings from the Atlas of Impunity, an annual index published by the Eurasia Group, that tracks accountability across 170 countries. The data shows not only extreme cases of impunity in war-torn regions but also surprising results in advanced democracies like Canada, the US, and Nordic countries. Still, there are some signs of progress. For Miliband, the challenge is clear: it will take a massive push from governments, civil society, brave civilians, journalists and human rights advocates to reverse the retreat of accountability and uphold basic principles of human rights.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
As Washington pulls back from its decades-long role as the world’s leading aid donor, the humanitarian system is facing what David Miliband calls a “very big shock.” On GZERO World, the International Rescue Committee president and CEO tells Ian Bremmer that the US has historically been the anchor of the global aid system, contributing nearly $4 out of every $10 aid dollar. But amid the cancellation of USAID and a dramatic pullback in foreign funding, vital programs are now closing and the impacts are being felt all over the world.
Who–or what–could step in to fill the gap? Miliband says China isn’t interested in large-scale humanitarian aid, focused instead on economic development though initiatives like Belt and Road. Europe, meanwhile, is stretched thin by war in Ukraine and pandemic debt. The Gulf States and Japan are debating their role, but the scale of US funding remains unmatched. The result, Miliband argues, is “sucking sound” of money leaving the system, leaving the world’s poorest to pay the price.
“The US was the anchor of the global aid system,” Miliband explains, “When you pull an anchor in choppy waters, the boat rocks and the passengers get seasick. That’s what’s happening at the moment.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
