Walter Russell Mead takes a look back at the Chinese spy balloons, the Silicon Valley Bank failures, Russia’s coup manqué, and the dominance of American popular culture on his podcast, What Really Matters.

Caption
This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)