Dr. Rasmus reviews important news events of this past week: US jobs report, Chase Bank CEO, Jaime Dimon’s letter to shareholders, OPEC announcement of big production cuts, China’s brokering of deal between Saudi Arabia and Iran, expanding trade using China Yuan currency instead of US dollars, and Macron’s visit to China. Following discussion of these events, Dr. Rasmus reviews the military strategies and status of the war in Ukraine during its first year. Where will the announced new spring 2023 military offensives by Ukraine and Russia likely occur? How the historic ‘principles of war’ (concentration of forces, mobility and surprise, reserves, internal lines of supply, etc.) have played—and will continue to play--a role in the war.