What We're Watching: Russian Churches and Modi’s Margins

Direct(ed) Democracy In Russia – After thousands of people protested the construction of a new cathedral in a nice park in Yekaterinburg, Russia's fourth largest city, President Putin weighed in to stop construction until a popular referendum can be held. What does that tell us? Well, for one thing, Putin is probably a little more sensitive to public unrest after seeing his approval rating pummeled by a botched pension reform last year. But more to the point, this is a nice illustration of how democracy works in Russia: the new tsar orders accountability to happen when and where it suits his interests.

The Size of Modi's Election Victory – Eight different exit polls released over the weekend show Indian Prime Minister Narendra Modi's BJP party comfortably ahead in the country's 6-week national election. Voting ended on Sunday, with final results due on Thursday. How big will the BJP's margin be? In 2014, the party won the first outright parliamentary majority in India in 30 years, but after mixed economic results and rising concerns about sectarian tensions, the BJP went into this election on shakier ground. We're watching to see if Modi heads into his second 5-year term emboldened with another majority, or if he's forced to cobble together an unwieldy coalition of parties in order to govern.

What We're Ignoring: Cash for Peace and a Southern Switcheroo

The Deal of the Millennium – President Trump has a plan to secure peace between Israel and Palestine. That plan is: buy it. The administration announced over the weekend that it will hold a "economic workshop" in Bahrain in late June to get Gulf and other Arab states to funnel aid to Palestine, in exchange for which the Palestinians are expected to drop their long-held demands for an end to Israeli settlements, the designation of East Jerusalem as their capital, and (some form of) formal statehood. We're skeptical that cold cash will solve one of the most intractable conflicts on earth. Also, it's not a great sign that the Palestinians themselves don't even plan to attend.

Don't Cry for Veep, Argentina – With her country in crisis (yet again), Cristina de Fernández Kirchner, the controversial left-wing populist who ran Argentina between 2007 and 2015, is increasingly well-positioned to return to power in elections later this year. But over the weekend she pulled a surprise move, announcing that she'd be running only as vice president, allowing former aide Alberto Fernández, whose politics are seen as somewhat more moderate than hers, to top the ticket. We get that it's an electoral strategy meant to broaden Kirchner's appeal among centrist voters, but let's be serious: if the ticket wins, only one Fernández will really be running the country – AND SPOILER: IT'S NOT GOING TO BE ALBERTO.

Wrecking the global economy's hopes for a relaxing late-August Friday, China and the US have taken fresh shots at each other in their deepening trade war.

First, China announced new tariffs on US goods in response to US levies on China's exports that are set to take effect next month.

Trump responded with a vintage tweet storm, lashing out at China and demanding that US firms stop doing business there. The Dow plunged as markets waited for the next shoe to drop. And drop it did: later in the day Trump announced higher tariffs on nearly everything that China exports to the United States.

Why now? Bear in mind, all of this comes right as Trump is leaving for this weekend's G7 summit in France. That gathering already promised to be a testy one – but with the global economy slowing, the impact of Trump's increasingly nasty trade war with China will add fresh tensions to the occasion.

So where are we in the trade war now? Here is an updated list of what measures each side has imposed to date, and what's next. Both sides have a lot at stake, but from the looks of it, the list isn't going to get shorter any time soon.

When Donald Trump first started talking about buying Greenland last week, we figured it was a weird story with less legs than a Harp seal.

Signal readers, we were wrong. President Trump was so serious about purchasing the autonomous Danish territory that this week he abruptly cancelled a trip to Denmark after the country's prime minister, Mette Frederiksen, labelled the idea "absurd."

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The Amazon in flames – More than 70,000 forest fires are burning in Brazil right now, most of them in the Amazon. That's up 84% over the same period last year, and it's the highest number on record. This is the dry season when farmers burn certain amounts of forest legally to clear farmland. But critics say Brazilian president Jair Bolsonaro's efforts to loosen conservation rules have encouraged farmers, loggers, and miners to set more fires, many of them illegally. Bolsonaro – a science skeptic who recently fired the head of the agency that tracks deforestation – says, without proof, that NGOs are setting the fires to embarrass his government. Meanwhile, the EU is holding up a major trade deal with Brazil unless Bolsonaro commits to higher environmental protection standards, including those that affect the Amazon.

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Over the past fifty years, the Amazon rainforest has shrunk by an area equal to the size of Turkey. In the 1960s and 1970s, the Brazilian government supported settlement of the sparsely populated region for security reasons. Since then, huge swaths of the forest -- which is crucial for limiting the world's greenhouse gasses -- have been cleared for farmland used to feed Brazil's population and support its massive agricultural exports. Greater awareness of the environmental impacts in the 1990s produced tighter conservation regulations, though plenty of illegal clearing continues. In recent years, the annual deforestation rate has begun to rise again, and Brazil's new president Jair Bolsonaro has pledged to weaken regulations further in order to support businesses.