Stack the Week

Intro

Welcome everyone to the Stack the Week experiment for June 22 through June 26. It is available here in text and audio and available in your podcast player.

Thank you to Annie Cohen and Laura Doan for help preparing this delicious offering.

Measuring Iran, UK PM goes down, the pedestrian’s enemy, The Supreme Court closes doors, more drones than ever hit Russia, Vance says Watergate Shmatergate, Clive Davis could say more in three minutes than Alan Greenspan in a weekend and when this guy yells you’d better cover your ears.

Let’s take it day by day.

Monday June 22

Hammering out a deal after the bombs.

Was the war in Iran worth it? As the U.S. and Iran work on a deal to end the war, each item in that deal should be seen in the light of that question.

JD Vance departed Switzerland on Monday after talks that stretched past 1 a.m. He said Iran had agreed to let international nuclear inspectors back into the country. Iran’s foreign minister said inspections would “continue as usual.” In the word choices lies a key distinction. Iran has had inspectors in the country, on and off, for decades, including before the war.

The question – as it has been going back to the Obama era agreement– is which sites the inspectors can visit, and on what terms.

Under the 2015 nuclear deal — the one Trump called “one of the worst deals ever” and cancelled in 2018 — Iran agreed to give inspectors access to Iran’s entire nuclear supply chain, including uranium mines, centrifuge production facilities, and access to undeclared or military sites within 24 hours at declared facilities.

Critics at the time — Trump-ally Senator Tom Cotton chief among them — said the inspections schedule wasn’t enough. Inspectors had to be allowed in anytime anywhere.

After Trump cancelled the deal in 2018, Iran reduced the access it had given. Since last June, Iran has barred inspectors entirely from sites bombed by the U.S. and Israel — which include the facilities where Iran had been producing and storing highly-enriched uranium.

What Vance announced Monday then, was a return to something like the 2015 baseline — the arrangement that wasn’t good enough for the hawks who cheered Trump’s decision to blow up the Obama-era deal.

Iran’s president said his country’s frozen assets– $100 billion held in unpaid oil bills and decades-old military contracts.-- would be unfrozen and returned. Vance said Iran could use it only to buy American agricultural products — soy, corn, wheat– and only if Iran cooperated in negotiations.

The Strait of Hormuz remains open to shipping, Vance said, though the main central route is still mined. Iran’s military said Saturday it had closed the strait in response to continued fighting in Lebanon; U.S. Central Command disputed that. By Monday, Vance said the strait was open. Before the war, 100 to 130 vessels passed through the strait each day. Over the weekend, there were 71 confirmed transits.

Keir Starmer to exit

Britain is now on its seventh prime minister in a decade. The position is the Spinal Tap drummer of global leadership. Keir Starmer announced his resignation Monday morning, two years and roughly two months into a term that began with Labour’s largest parliamentary majority this century.

The majority was the misleading part. Labour won 34 percent of the vote in July 2024 because the conservative opposition was fractured, not because voters were enthusiastic. In fact, it was a record low for a party forming a government.

Analysts called Starmer’s victory a “loveless landslide.” And the love did not arrive after the marriage. Starmer left office as the least popular prime minister in polling records.

There’s been so much turnover in the office of the prime minister that Ian Bremmer of the Eurasia Group said, in the future, everyone will be prime minister of Great Britain for fifteen minutes.

Starmer did not launch a failed war, mismanage a pandemic, or crash the economy. His missteps were more mundane. He cut the winter fuel payment — an annual heating subsidy worth £200 to £300, paid to nearly all British pensioners since 1997 — restricting it to only those on the lowest means-tested benefits. That took the payment away from roughly 10 million people. The stated rationale was filling a £22 billion hole in the public finances left by the Conservatives. He reversed course which the left called it callous, and financial markets called it indecisive.

Starmer then proposed cutting the benefit that helps millions cover the extra daily costs of living with a long-term disability, such as help getting dressed, getting around, or managing medication. Over 100 Labour MPs threatened to vote it down. He backed off that too.

The problem for Starmer and any British prime minister is structural. More than half of Britain’s annual government spending — roughly 600 billion pounds — goes to three line items: the National Health Service, the welfare state (disability payments, housing support, and pension benefits) and debt repayment. All three are growing.

America faces a version of the same fiscal trap UK leaders face. Medicare, Medicaid, Social Security, and interest on the national debt together consume more than half of all federal spending, and every one of those lines is growing. Touch any of them and you lose the next election. Touch other popular items to fix the problem and people revolt.

There were non-policy problems as well. Under Starmer’s predecessors, Conservative lawmakers had thrown parties in Downing Street during the Covid lockdowns they themselves had imposed on the country. So when the labor party’s P.M. accepted tickets to Taylor Swift and Arsenal matches while he was calling for austerity measures, he was open to charges that he’d dropped his posture as an antidote to the Conservatives’ culture of entitlement.

He also appointed Peter Mandelson as Britain’s ambassador to Washington despite Mandelson’s well-documented ties to Jeffrey Epstein. Starmer fired Mandelson in September once those ties became clearer. The question that followed him — what he knew, and when, about whether security officials had cleared Mandelson — was made sharper by the fact that the British royal family had already forced Prince Andrew out over his Epstein ties. The institution least associated with accountability had managed to show some. The prime minister hadn’t.

You can see how he might have miscalculated though. The country he was sending Mandelson to, after all, was one whose president had been photographed with Epstein dozens of times, whose cabinet included officials who had maintained ties with Epstein after his conviction for sex trafficking. If Washington had set the bar that low, an ambassador with a special Epstein relationship might help with the special relationship, the term sometimes used to describe U.S./U.K. ties.

Federal judges blocking

President Trump has engaged in a multi-pronged effort to change American voting. In legislation, by executive order and rhetorically. His specific target – non-citizen voting– which is already illegal and fraud which is rare and has never been shown to remotely affect a national election.

In the executive branch, the Trump administration took a database the government uses to check immigration status — a tool called SAVE that was built to cover the roughly 26.5 million noncitizens and naturalized citizens who had passed through the federal immigration system — and expanded it to cover nearly every American with a Social Security number, folding in citizenship data and biometric records. This allowed states to run their voter rolls through the tool to flag supposed noncitizens. Several Republican-led states used the system and removed people it had identified as noncitizens — some of whom were, in fact, U.S. citizens.

Monday, U.S. District Judge Sparkle Sooknanan blocked the use of the overhauled SAVE tool. Her 75-page ruling found that federal agencies had been “scrambling to comply” with an executive order mandating its use in the creation of eligible voter lists for each state which caused sloppy results. She ruled the system violated three federal laws meant to protect private information: the Social Security Act, the Privacy Act, and the Administrative Procedure Act. The administration’s argument — that only a small number of records were inaccurate — she called a red herring. Disseminating false citizenship data, she wrote, is defamatory, because it implies the flagged voter committed a federal crime.

The larger fight is about who controls elections. The Constitution assigns that authority to states, not the president — a deliberate choice by founders who explicitly sought to dilute concentrated federal power. The Justice Department has sued 30 states and Washington D.C. to force them to hand over voter rolls — and is 0 for 9 so far in court.

Minnesota mean

A grand jury subpoena is one of the most powerful tools in federal law enforcement — a demand by prosecutors for testimony or evidence that is almost impossible to refuse and almost never blocked by a judge. On Monday, a judge blocked one. Or six of them, in fact, all aimed at Minnesota Governor Tim Walz and other state and local officials.

The subpoenas arrived on January 20th, the same day Trump posted on social media promising a “Day of Reckoning & Retribution” for Minnesota’s leaders — one day before the Justice Department leaked word of a federal investigation into Walz. The DOJ’s stated justification was that Walz had obstructed federal immigration agents during Operation Metro Surge, an immigration sweep that left two Americans dead and re