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An unlikely coalition
The New Popular Front was an 11th-hour alliance, born out of perceived necessity, bringing together two moderate left-wing parties - the center-left Socialist Party and the Green Party — and two far-left movements — Jean-Luc Mélenchon's France Unbowed and the Communist Party.
The alliance wants to lower the retirement age, which Macron raised last year, and vastly expand government spending on social welfare, environmental protection and health care.
Macron called snap elections last month after his coalition was trounced by National Rally in European parliamentary elections, gambling that the possibility of a far-right government would push French voters to reaffirm his mandate.
While he appeared Sunday to have been correct about how the public would respond to the threat of the country's first far-right government since World War II, he seemingly underestimated the appeal of the left.

In the first round, the New Popular Front came in second with 28 percent of the vote, behind the 33 percent of votes cast for National Rally. Macron's centrist alliance secured only 21 percent.
French elections are decided at the district level, so while National Rally and the New Popular Front had more than 30 candidates each who won more than 50 percent of the vote and were elected to Parliament outright, other districts went to a runoff between the top two or three candidates.
In districts where Le Pen's candidates won a narrow victory, the leftist alliance and Macron's centrist coalition combined efforts, encouraging weaker candidates to drop off the ballot. It was primarily candidates from the left, including Mélenchon's France Unbowed, who renounced their second-round participation, according to France's Le Monde newspaper.
Can the center (left) hold?
While the New Popular Front has come out on top, they are nowhere close to securing a
parliamentary majority. Unless moderate members of the alliance are able to form a government with Macron's centrist allies, France could be headed for political gridlock with just weeks until Paris is set to host the Olympics.
After the first projections Sunday, Mélenchon, the most widely known figure in the alliance, called on Macron to invite the bloc to form a government.
"The president must bow and admit this defeat without trying to circumvent it," Mélenchon said.
"No subterfuge, arrangement or combination would be acceptable" to keep his coalition from power, he added.

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December 25, 2025
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Birth Tourism
00:01:53
This is gross.

Speaking at the WEF, Savor CEO Kathleen Alexander boasts about how her company is "saving the planet" from the evils of agriculture by replacing real butters and oils with synthetic versions made from carbon dioxide and methane. 😳

"Savor is part of bringing transformation to the food system by re-imagining how we make an entire macronutrient—fats and oils."

"The result is that we can dramatically lower the planetary footprint of our food system."

"Our food system today uses about 50% of the habitable land on the planet. It's 20-30% of our greenhouse gas emissions."

"And we can reduce all of those by 50-100%."

Source

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00:01:20
Duh Markets

🌆 Market News Digest
[July 3, 2026 EST]

🔥 Top Stories
• Middle East risk flares — IDF hits Hezbollah sites in south Lebanon; Houthis threaten Saudi assets; France deploys naval/mine-countermeasure assets near Hormuz.
• U.S. oil market scrutiny — DOJ/FTC say they’re monitoring crude for price-fixing/collusion as Brent settles at $72.12/bbl.
• Trump pardons saga — Trump signs pardons for six and faces fresh scrutiny after NBC reported undisclosed stock purchases before tariff pause.

⛽ Oil & Energy
• Gulf crude exports topped 10M bpd in June but remain ~40% below pre-conflict levels; Fitch flags ongoing Iran/Mideast risk to corporates and oil forecasts.
• CMA CGM warns Hormuz transit charges would be “devastating”; Airbus says defense cooperation remains pressured.

📊 Markets & Macro
• Germany’s 2027 draft budget lifts borrowing to €203.7B and spending to €555.4B; euro equities firm with DAX +0.85%.
• ECB/BoE message: inflation still the focus, but Bailey says UK ...

Defeat

🇮🇷🏆🇺🇸 Iran Is a Bigger Defeat Than Vietnam | Foreign Policy

At his second inaugural, U.S. President Donald Trump pronounced his hope “that our recent presidential election will be remembered as the greatest and most consequential election in the history of our country.” By losing his Gulf war, Trump has achieved that goal. His choice to launch a campaign against Iran was encouraged by others, but fully his own. It has led to a reversal that marks a strategic calamity far greater than the U.S. defeat in the Vietnam War.

Defeat in the Iranian war looks, on the surface, nothing like other U.S. military defeats. The speed of the war and its remoteness have lent an air of unreality to the whole endeavor. The White House has not been burned, as it was in 1814; there have not been protests against a nonexistent draft. The absence of substantial U.S. casualties in this conflict also masks the scale of the U.S. defeat. To be sure, the war has been deadly: Thousands of Iranians, ...

The Path to War

According to The Wall Street Journal, Donald Trump reviewed military options for a full-scale war against Iran to “finish the job,” but has decided, for now, not to move forward.

The report says Trump is concerned that renewed military conflict could hurt the chances of a diplomatic resolution and of dismantling Iran’s nuclear program, and that he’s shown willingness to let indirect talks in Qatar run past the August 18 deadline. He is said to be fine with continuing limited strikes on Iranian targets if Tehran violates the current temporary deal - as it already has, repeatedly.

How are those negotiations going?

Not well. It seems JD Vance’s “historic” face-to-face achievement was a one-off. Washington has been quietly downgraded from talking to the Great Satan to negotiating with the Little Satan instead - a senior Qatari official confirmed that U.S. envoys Steve Witkoff and Jared Kushner met Qatari officials in Doha, but there are currently no high-level U.S.-Iran meetings ...

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