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nnual sales in excess of $86 billion.

Until recently, Mr. Ma, who is a Communist Party member, was held up as a role model by the Party for his contribution to the “digital economy.”

Regulators regarded the speech as a direct attack against them, and Ant’s public debut was halted just two days before its big day, with Chinese leader Xi Jinping personally intervening to scuttle the market listing,

spoke at a financial forum in Shanghai.

delivered a speech that was highly critical of Chinese regulators, who he said had stifled innovation in the financial industry.

Shortly after the speech, regulators scrapped a planned initial public offering of Ant that would have been the world’s largest to date, raising more than $34 billion from listings in Hong Kong and Shanghai.

Mr. Ma last appeared publicly in late October,

Beijing is now looking to shrink Mr. Ma’s technology and financial empire and potentially take a larger stake in his businesses,

Alibaba is now facing an antitrust probe by Chinese market regulators, who are investigating claims that the company abused its dominant position in the e-commerce industry to pressure some merchants to work only with its platforms.

In November last year, Mr. Ma didn’t appear on an episode of a television show in which he was set to appear as a judge,

An Alibaba spokeswoman said his absence was due to a scheduling conflict, and declined to comment on Mr. Ma’s activities.

t isn’t uncommon for Chinese billionaires to disappear from the public eye for long periods during legal and regulatory investigations.

I

Its market capitalization dropped in the final days of 2020 to less than $600 billion, from a high of $859 billion just before the Ant IPO was scuttled.

Alibaba owns one-third of Ant. Its shares have fallen by a further 2% so far in 2021.

Mr. Bogle has some hard news for investors. The basic appeal of index funds—their ability to deliver the market return without shifting an arm and leg to Wall Street’s army of helpers—will only become more important given the decade of depressed returns he sees ahead.

Don’t imagine a revisitation of the ’80s or ’90s, when stocks returned 18% a year and investors, after the industry’s rake-off, imagined they “had the greatest manager in the world” because they got 14%. Those planning on a comfy retirement or putting a kid through college will have to save more, work to keep costs low, and—above all—stick to the plan.

The mutual-fund industry is slowly liquidating itself—except for Vanguard. Mr. Bogle happily supplies the numbers: During the 12 months that ended May 31, “the fund industry took in $87 billion . . . of which $224 billion came into Vanguard.” In other words, “in the aggregate, our competitors experienced capital outflows of $137 billion.”

That said, Mr. Bogle finds today’s stock scene puzzling. Shares are highly priced in historical terms; earnings and economic growth he expects to disappoint for at least the next decade (he sees no point in trying to forecast further). And yet he advises investors to stay invested and weather the storm: “If we’re going to have lower returns, well, the worst thing you can do is reach for more yield. You just have to save more.”

He also knows the heartache of having just about everything he has saved tied up in volatile, sometimes irrational markets, especially now. “We’re in a difficult place,” he says. “We live in an extremely risky world—probably more risky than I can recall.”

Then why invest at all? Maybe it would be better to sell and stick the cash in a bank or a mattress. “I know of no better way to guarantee you’ll have nothing at the end of the trail,” he responds. “So we know we have to invest. And there’s no better way to invest than a diversified list of stocks and bonds at very low cost.”

Mr. Bogle’s own portfolio consists of 50% stocks and 50% bonds, the latter tilted toward short- and medium-term. Keep an eagle eye on costs, he says, in a world where pre-cost returns may be as low as 3% or 4%. Inattentive investors can expect to lose as much as 70% of their profits to “hidden” fund management costs in addition to the “expense ratios” touted in mutual-fund prospectuses. (These hidden costs include things like sales load, transaction costs, idle cash and inefficient taxes.)

Mr. Bogle relies on a forecasting model he published 25 years ago, which tells him that investors over the next decade, thanks largely to a reversion to the mean in valuations, will be lucky to clear 2% annually after costs. Yuck.

Investing, he says, always is “an act of trust—in the ability of civilization and the U.S. to continue to flourish; in the ability of corporations to continue, through efficiency and entrepreneurship and innovation, to provide substantial returns.” But nothing, not even American greatness, is guaranteed, he adds

what he calls the financial buccaneer type, an entrepreneur more interested in milking what’s left of the active-management-fee gravy train than in providing low-cost competition for Vanguard—which means Vanguard’s best days as guardian of America’s nest egg may still lie ahead.

the growth of indexing is obviously unwelcome writing on the wall for Wall Street professionals and Vanguard’s profit-making competitors like Fidelity, which have never been able to give heart and soul to low-churn indexing because indexing doesn’t generate large fees for executives and shareholders of management companies.

, Premier Li is number two in China's power structure, but his influence is far from assured.

"He's regarded as being a sort of low-profile, not particularly interlinked or interconnected premier. He's got probably the worst job in China.

it's not a sort of political power. It's administrative power," he said.

"Power is about initiating, setting frameworks, setting the agenda. Well you can see people doing that, but Li Keqiang is more of an administrator."

The company's founder, Ma Huateng, is China's third richest man, according to Forbes, just behind Jack Ma and Dalian Wanda founder Wang Jianlin.

Ma, who is also known by his nickname "Pony," founded Tencent, the company which owns WeChat, in 1998 with his university classmates.

Tencent's app, WeChat, is currently the largest and most commonly used messaging system in the world, with almost 1 billion users.

It is those restrictions which make working in the world of China's internet so complex and potentially dangerous.

China's Great Firewall is rising higher than ever

"One challenge for tech titans like Ma in the coming years is whether they can keep on the good side of the authorities

Since then, Wang has grown to be a powerful, feared figure among Chinese officials.

"He's been an essential lieutenant for Xi ... the president would be a weakened force without him at the top table," he said, placing Wang second

As a result of Xi and Wang's crackdown, conspicuous spending and flaunting of wealth by officials has shrunk dramatically and as a result, Wang's political capital has continued to rise.

Wang's rise could be complicated by his age. He'll be 69 at the upcoming 19th Party Congress, meaning by custom he should retire.

he's the flamboyant and personable former English teacher who likes to dance to Michael Jackson tunes.

Jack Ma is without a doubt one of China's most powerful people and possibly the country's most public face internationally next to President Xi.

Ma, whose Chinese name is Ma Yun, is the executive chairman and founder of Alibaba,

Ma's peer on the China rich list, has had to abandon a series of major international deals after coming under scrutiny from Beijing.

Most people can't see the day after tomorrow."

China's president and, more importantly, the general secretary of the Chinese Communist Party, analysts say Xi is already the country's most powerful leader since Paramount Leader Deng Xiaoping

Xi's power is only set to grow.

far more than his predecessors,

most recently Chen Min'er who was promoted as party secretary of Chongqing.

Guo Wengui, the US-based businessman and perennial thorn in the side of the Chinese Communist Party.

and the chess game itself goes on inside a highly impenetrable black box," he said.

Keith Thomas Kinnunen, a 43-year-old “transient” with a criminal record, fatally shot two people inside the packed house of worship, but was quickly shot dead in turn by Wilson

Wilson, 71, was hailed as a hero after neutralizing a shotgun-wielding man who opened fire last month in the middle of services at the West Freeway Church of Christ outside Forth Worth.

“His ads are Fake, just like him!”

While many praised Wilson — a former FBI agent turned volunteer security guard — for his likely life-saving actions, Bloomberg earlier this month said that heroism should be left to the professionals.

“You just do not want the average citizen carrying a gun in a crowded place,”

Bloomberg, a well-known gun-control advocate and founder of the Everytown for Gun Safety nonprofit.

Bloomberg, the 77-year-old former three-term New York mayor, announced in November that he is self-financing a White House run.

Housing in the best cities has become too expensive for first-time buyers

Young people who have borrowed from a new generation of online lenders, like Mr. Ma’s Ant Group, have debts they increasingly resent.

For all of China’s economic success, a long-running resentment of the rich, sometimes called the wealthy-hating complex, has long bubbled below the surface. With Mr. Ma, it has emerged with a vengeance.

“An outstanding people’s billionaire like Jack Ma will definitely be hanged on top of the lamppost,”

The Communist Party seems more than willing to tap into that resentment. This could mean trouble ahead for entrepreneurs and private businesses

Some businesspeople say that the hostility toward Ant and Mr. Ma makes them wonder about the fundamental direction of the country.

“You can either have absolute control or you can have a dynamic, innovative economy,”

Mr. Ma has his own high-profile philanthropic projects, like several initiatives in rural education and a prize to help develop entrepreneurial talent in Africa.

He has long enjoyed a better reputation than his peers in manufacturing, real estate and other industries whose edge may derive from cultivating close government ties, ignoring the environmental rules or exploiting employees.

He is as famous for making bold statements and challenging the authorities. In 2003, he created Alipay, which later became part of Ant Group, putting his business empire square in the center of the state-controlled world of finance.

He sometimes subtly dared the government to punish his defiance. Regarding Ant’s business, he said on multiple occasions, “If the government needs it, I can give it to the government.” His top lieutenants repeated the line, too

. “Given what has happened, eventually Ant will have to be controlled or even majority owned by the state,” said Zhiwu Chen, an economist at the University of Hong Kong’s business school.

Today, Alibaba and its archrival, Tencent, control more personal data and are more intimately involved in everyday life in China than Google, Facebook and other American tech titans are in the United States.

Instead of disrupting the state system, the companies have cozied up to it. Sometimes they even help the authorities track people. Still, the government has increasingly seen their size and influence as a threat.

some pro-market people in China worry that the country is drifting toward the hard line of the 1950s, when the party eliminated the capital class, using language that compared capitalist leanings to impurities, flaws and weaknesses.

To these people, some of the language recently used by Eric Jing, Ant’s chairman, evoked the era. At a conference on Dec. 15, he said the company was “looking into the mirror, finding out our shortcomings and conducting a bodily checkup.”

The modern GE was built by Jack Welch, the youngest CEO and chairman in company history when he took over in 1981. He ran it for 20 years, becoming the rare CEO who was also a household name, praised for his strategic and operational mastery.

their most obvious problem. GE couldn’t live without GE Capital, still so big it was essentially the nation’s seventh largest bank. But investors couldn’t live with GE Capital and its unshakable shadow of risk, either.

it worked more like a collection of businesses under the protection of a giant bank. As the financial sector came to drive more of the U.S. economy, GE Capital, the company’s finance arm, powered more of the company’s growth. At its height, Capital accounted for more than half of GE’s profits. It rivaled the biggest banks in the country, competed with Wall Street for the brightest M.B.A.s and employed hundreds of bankers.

The industrial spine of the company gave GE a AAA credit rating that allowed it to borrow money inexpensively, giving it an advantage over banks, which relied on deposits. The cash flowed up to headquarters where it powered the development of new jet engines and dividends for shareholders.

Capital also gave General Electric’s chief executives a handy, deep bucket of financial spackle with which to smooth over the cracks in quarterly earnings reports and keep Wall Street happy

GE shares were trading at 40 times its earnings when Welch retired in 2001, more than double where it had historically. And much of those profits were coming from deep within Capital, not the company’s factories.

When the financial crisis hit, Capital fell back to earth, taking GE’s share price and Immelt with it. The stock closed as low as $6.66 in March 2009. General Electric was on the brink of collapse. The market for short-term loans, the lifeblood of GE Capital, had frozen, and there was little in the way of deposits to fall back on. The Federal Reserve stepped in to save it after an emergency plea from Immelt.

the near-death experience taught investors to think of GE like a bank, a stock always vulnerable to another financial collapse

At its peak, General Electric was the most valuable company in the U.S., worth nearly $600 billion in August 2000. That year, GE’s third of a million employees operated 150 factories in the U.S., and another 176 in 34 other countries. Its pension plan covered 485,000 people.

What if the GE Jack Welch built didn’t work any more?

Cracks in the performance of the company’s industrial lines—its power turbines, jet engines, locomotives and MRI machines—would now be plain to see, some executives worried, without Capital’s cash to help cover the weak quarters and pay the sacrosanct dividend

Most of the shortfall came from its service contracts, which should have been the source of the easiest profits. Instead, the heart of the industrial business was hollow. And its failure was about to tip the entire company into crisis.

Former colleagues compared him to Bill Clinton because of his magnetic ability to hold the focus of a room. He sounded like a leader. He was a natural salesman.

Immelt was so confident in GE’s managerial excellence that he projected a sunny vision for the company’s future that didn’t always match reality. He was aware of the challenges, but he wanted his people to feel like they were playing for a winning team. That often left Immelt, in the words of one GE insider, trying to market himself out of a math problem.

Alstom’s problems hadn’t gone away, but now its stock was cheaper, and Immelt saw the makings of a deal that fit perfectly with his vision for reshaping his company. GE would essentially swap Capital, the cash engine that no longer made sense, for a new one that could churn out profits each quarter in the reliable way that industrial companies were supposed to.

To the dismay of some involved, GE’s bid crept upward, from the €30 a share that the power division’s deal team already believed was too high, to roughly €34, or almost $47. Immelt and Kron met one-on-one, and the deal team realized the game was over. The principals had shaken hands.

The visions for the present and the future were both fundamentally flawed. As GE’s research department was preparing white papers heralding “The Age of Gas,” the world was entering a multiyear decline in the demand for new gas power plants and for the electricity that made them profitable.

When advisers determined that the concessions to get the deal approved might have grown costly enough to trigger a provision allowing GE to back out, some in the Power business quietly celebrated, confiding in one another that they assumed management would abandon the deal. But Immelt and his circle of closest advisers wanted it done. That included Steve Bolze, the man who ran it and hoped someday to run all of General Electric.

“Steve’s our guy,” McElhinney said in one meeting. If Bolze was elevated to CEO, those behind him in Power would rise too. “Get on board,” he said. “We have to make the numbers.”

Immelt, trapped in Welch’s long shadow, craved a bold move to shock his company out of the doldrums that had plagued his tenure. It was time for GE to be reinvented again.

In the dry language of accounting in which he was so fluent, Flannery was declaring a pillar of Immelt’s pivot had failed: GE had been sending money out the door to repurchase its stock and pay dividends but wasn’t bringing in enough from its regular operations to cover them. It wasn’t sustainable. Buybacks and dividends are generally paid out of leftover funds.

when GE spun off Genworth, there was a chunk of the business, long-term-care insurance, that lingered. Policies designed to cover expenses like nursing homes and assisted living had proved to be a disaster for insurers who had drastically underestimated the costs

The bankers didn’t think the long-term-care business could be part of the Genworth spinoff. To make the deal more attractive, GE agreed to cover any losses. This insurance for insurers covered about 300,000 policies by early 2018, about 4% of all such policies written in the country. Incoming premiums weren’t covering payouts.

Two months after Miller flagged the $3 billion, it was clear the problem was a great deal larger. GE was preparing for it to be more than $6 billion and needed to come up with $15 billion in reserves regulators required it to have to cover possible costs in the future. The figure was gigantic. By comparison, even after the recent cut, GE’s annual dividend cost $4 billion.

JP Morgan analyst Steve Tusa, who led the pack in arguing that GE was harboring serious problems, removed his sell rating on the stock this week. GE’s biggest skeptic still thinks the businesses are broken but the risks are now known. The stock climbed back above $7 on Thursday, but is down more than 50% for the year and nearly 90% from its 2000 zenith.

Still, Graham was far more sympathetic towards civil rights than many other white Christian pastors of his generation, and he pushed for non-segregated crusades early in the 1950s. That legacy left him beloved across different groups of American Christians. “Our generation owes this giant of the Christian faith a debt of gratitude for paving the way for sharing the Gospel with the world with humility, graciousness, and integrity,” wrote Gabriel Salguero, the president of the National Latino Evangelical Coalition, in a statement on Wednesday.

But the United States is not taking those kinds of steps today.“There is from President Trump’s America a selfishness that is new,’’

With Mr. Trump’s unembellished nationalism and slogan of “America First,’’ his efforts to blame first China and then Europe for the coronavirus, and his various misstatements of fact, “it means that America no longer serves the planet,’’

“America was always strong on self-interest but it has been very generous,” he said. “That generosity seems to be gone, and that’s bad news for the world.’’

“But this crisis is confirmation of a structural change in U.S. political leadership,’’ she said.

“There is no U.S. global leadership and no U.S. model,’’ Ms. Major added. “Success would be that you manage the pandemic at home, rally allies around you, lead the alliance, supply global public goods and organize the global response, as with Ebola.”

The suggestion that Mr. Trump tried to buy out the German company, “true or not, did not play well in the European media,” Mr. Westmacott said. “It felt more ‘America first’ than America in its traditional role of a big-hearted great power.’’

The United States did provide some early aid to China. But in general, the administration has left even close allies to fend for themselves.

Mr. Trump has defended his ban on all travel from the European Union, but he did not bother to consult with European leaders or even give them advance notice.

it was the energetic French president, Emmanuel Macron, who called Mr. Trump twice in 10 days to suggest a G-7 virus summit by videoconference. Mr. Trump agreed, but left Mr. Macron to organize it.

Germans and Europeans generally are angry about accusations from German officials that the Trump administration, and reportedly Mr. Trump himself, offered $1 billion to a German pharmaceutical company, Cure-Vac, to buy monopoly rights to a potential Covid-19 vaccine.

Whatever the reality, “the point is that people think Trump is capable of that,’’ Ms. Major said. “That’s where we’ve arrived in the trans-Atlantic relationship, that people say, ‘Yes, that sounds right for the American president.’ ’’

Instead, American institutions “don’t seem to be able to cope at home,” she said, and there is “a Trump response to act alone.’’

“Seen from a distance, Trump’s performance has pretty much confirmed the views people over here already had of him — that it’s all about ‘me,’ with no acceptance of responsibility for earlier failures.’’

The contrast is to China, which made huge mistakes at the onset of the crisis, but since then appears to have managed it effectively, using harsh quarantine measures others are studying.

China is also now sending aid — needed respiratory and surgical masks, ventilators and medical personnel — to Italy and Serbia, which have condemned their European allies for not providing early and efficient help.

On Wednesday, China offered the European Union as a whole two million surgical masks, 200,000 advanced N95 masks and 50,000 testing kits

The Chinese billionaire Jack Ma has even offered aid to the United States, promising to send 500,000 virus test kits and a million protective masks.

“There is a serious battle of narratives,’’ Ms. Major said. “And the Chinese have become good at what was once America’s tool, soft power.’’

The Chinese, she said, are “trying to make everyone forget that a lot of what we’re experiencing is because of their domestic failure.’’

even as China provides aid to Italy and Serbia, she said, “it is asking, ‘Where are your European friends?’ and giving the impression that China acts, is coordinating, leads.’’

But the United States, she said, “seems unwilling or unable to lead.’’

The United States “seems at least as fragmented as the European Union, if not more so,’’ said Marietje Schaake, a former European legislator now at Stanford University’s Cyber Policy Center.

“The U.S. looks more fragile in part because it lacks the social structures we have in Europe,” she added. “There is comfort in knowing that there is a bottom, a net that will catch you.’’

s

In retrospect, the crisis may also mark a moment of fundamental global shift.“What will this mean in five years for great-power competition?” asked Ms. Major. “In 10 years will we say, ‘This is the moment that China rose and the U.S. declined,’ or will the U.S. rebound?”

He knows that he is privileged by virtue of his gender and his skin color, but in his heart he is sick of being reminded about it. Like lots of other white men in America, he is grappling with a growing sense that the term white man has become an epithet

The bedrock issue, though, is Rogan’s courting of a middle-bro audience that the cultural elite hold in particular contempt—guys who get barbed-wire tattoos and fill their fridge with Monster energy drinks and preordered their tickets to see Hobbs & Shaw. Joe loves these guys

Why is he connecting so deeply with so many men, for such long stretches of time, at a moment when no one else can seem to hold anyone’s attention for more than two minutes?

There’s a tendency right now to make every single thing about Donald Trump, but if you don’t see the dotted line connecting the president to a wave of men who feel thwarted and besieged and sentenced to an endless apology tour, then you’re not paying attention.

The hard truth for some of Rogan’s critics in the media is that he is much better at captivating audiences than most of us, because he has the patience and the generosity to let his interviews be an experience rather than an inquisition.

how many mainstream entertainers routinely expose their audiences to Harvard biologists? Or climate-change experts? (The Uninhabitable Earth author David Wallace-Wells, episode No. 1259.) Or biosocial scientists? (The Yale professor Nicholas Christakis, episode No. 1274.) Or ethical-leadership lecturers? (The NYU Stern business-school professor Jonathan Haidt, episode No. 1221.)

“Learn, learn, learn, ladies and gentlemen,” Joe said at the start of one podcast episode this winter, wrapping up an ad read for the online education platform Skillshare. “That’s what I’m getting out of this. I think it’s very important to continue to challenge your mind.”

He’s right! It is! And don’t we want men thirsting for knowledge? Don’t we want them striving, setting goals, learning, learning, learning? Don’t we want more Joes?

Plenty of the role models that men choose for themselves draw eye rolls from everyone else, or dire warnings, or #cancel tweets

if we’re all going to make it through this era alive, men do need alternatives to look up to

the irony is that so many of the men who demonstrate a level of intelligence and empathy worth aspiring to—they’ve pretty much all been on Joe Rogan’s podcast

Free speech and its consequences, particularly the deplatforming of right-wing political provocateurs, is a push-button subject for Rogan, and it’s where he gets himself into the most trouble.

the same core stimulus: a plunging sense of self-worth caused by a rapidly changing society.

that’s not why people are obsessed with him. In reality, it’s because Joe Rogan is a tireless optimist, a grab-life-by-the-throat-and-bite-out-its-esophagus kind of guy, and many, many men respond to that.

like lots of other men in America, not just the white ones, he’s reckoning out loud with a fear that the word masculinity has become, by definition, toxic

It’s a tough message for a very rich guy like Joe Rogan to sell, but he pulls it off because he has never stopped coming across as stubbornly normal. He’s from a middle-class Boston suburb, he’s bald, and for God’s sake, his name is Joe.

Rogan seems like a regular Joe, but he’s not. He is driven, inexhaustible, and an honest-to-goodness autodidact.

His brain is wicked absorbent, like Neo in The Matrix, uploading knowledge through a hot spear jammed into the back of his skull. He’s a freak of nature, and most of his fans cannot, in fact, be just like him.

a key thing Joe and his fans tend to have in common is a deficit of empathy. He seems unable to process how his tolerance for monsters like Alex Jones plays a role in the wounding of people who don’t deserve it.

At the very least, he shows too much compassion for bad actors, and not enough for people on the receiving end of their attacks.

In order to get at the truth of Joe’s beliefs, you have to ignore what he says and watch what he does. Rogan likes to say that he’s voted for a Democrat in every presidential election—aside from a brief ill-advised fling with Gary Johnson—and that he despises Trump.

More revealing is who he invites onto his podcast, and what subjects he chooses to feast on in his stand-up specials. And if you cast a wide enough net, clear patterns emerge. If there’s a woman or a person of color (or both) on Joe’s podcast, the odds are high that person is a fighter or an entertainer, and not a public intellectual.

if you look past the jokes themselves and focus on the targets he’s choosing, the same patterns emerge. Hillary, the #MeToo movement, why it sucks that he can’t call things “gay,” vegan bullies,

All the same, because of their core DNA and their comfort with getting booed, comedians still tend to be at the forefront of so many of these debates over language and identity, touching those electrical wires in ways other people wouldn’t dare. Joe touches them all the time

The competitive energy, the drive to succeed, the search for purpose, for self-respect. Get better every day. Master your domain. Total human optimization

Joe likes Jack. He likes Milo Yiannopoulos. He likes Alex Jones. He wants you to know that he doesn’t agree with much of what they say, but he also wants you to know that off camera they’re the nicest guys. If we all have fatal flaws, this is Joe’s: his insistence on seeing value in people even when he shouldn’t, even when they’ve forfeited any right to it, even when the harm outweighs the good.

It comes from a generous place, but it amounts to careless cruelty. He just won’t write people off, and then he compounds the sin by throwing them a lifeline at the moment when they least deserve it.

His invitation to Jones was indefensible, and his defense was even worse. I had assumed going in that Rogan would explain himself at the top, similar to what he’d done after booting the Jack Dorsey interview. But he didn’t. He went the other way. He promised a “fun” interview with Jones, as if it was a joyful, long-awaited reunion rather than offensive for even existing, and he assured his listeners that “you’re gonna love it.”

My Joe Rogan experience ended because he wore me out. He never shuts up. He talks and talks and talks. He doesn’t seem to grasp that not every thought inside his brain needs to be said out loud. It doesn’t occur to him to consider whether his contributions have value. He just speaks his mind. He just whips it out and drops it on the table.

And yet I came away more comfortable with Joe’s vision of manhood—and more determined to do the exact opposite.

I’m glad, though, that the men of America have Joe Rogan to motivate and inspire and educate them in limitless ways, including how to recognize a moron

Rogan’s podcast gushes like a mighty river of content—approximately three episodes a week, usually more than two hours per episode, consisting of one marathon conversation with a subject of his choosing. Over the course of about 1,400 episodes and counting, his roster of guests can be divided roughly three ways: (1) comedians, (2) fighters, and (3) “thinkers,”

In the Black Lives Matter protests of 2020, Teixeira told friends that he saw a storm gathering. “He was afraid they would target White people,” his friend said. “He had told me quite a few times he thought they need to be prepared for a revolution.” The friend said Teixeira spoke approvingly of Kyle Rittenhouse, a teenager who shot three people, two fatally, during protests that summer in Kenosha, Wis., claiming that he had acted in self-defense

Teixeira wanted his online companions, many of them teenage boys, to “be prepared for things the government might do, reinforcing to them that the government was lying to them,”

Teixeira asserted that “lots of FBI agents were found to have sympathized with the Jan 6 rioters,” and he said naive members of the intelligence community, of which he was technically a part, had been “cucked.” He referred to mainstream press as “zogshit,” appropriating a popular white-supremacist slur for the “Zionist Occupied Government.” Friends said that during live video chats, Teixeira expounded on baseless accusations of shadowy, sinister control by Jewish and liberal elites, as well as corrupt law enforcement authorities.

Already united by their love of guns and their Orthodox Christian faith, two members of Thug Shaker Central said their nascent political beliefs became hardened and more polarized during the isolation of the pandemic. Unable to see their local friends in person, the young members spent their entire days in front of screens and came under the influence of outsize online figures like Teixeira. Some on the server saw him as an older brother — others, friends said, like a father figure.

In interviews, some of the members struggled to explain worldviews that had developed largely online, and expressed remorse. Several admitted they had become radicalized during the pandemic and were influenced by Teixeira, whose own politics seemed animated by social grievances and an obsession with guns.

The members may have sensed they were treading into dangerous political waters, even before leaked classified documents started circulating. During video chats, some hid their faces behind masks, fearful of being publicly identified with a group of self-professed bigots, Teixeira’s close friend said.

The interest in video games and conservative politics was accompanied by an acute obsession with violence, the friend said. “He would send me a video of someone getting killed, ISIS executions, mass shootings, war videos. People would screen-share it, and he would laugh very loudly and be very happy to watch these things with everyone else. He absolutely enjoyed gore.”

After he enlisted in the U.S. Air National Guard in September 2019, Teixeira also feared that his own racist and violent statements would jeopardize his chances of getting a security clearance. “He was worried something from Discord would come up during his interview,” said the friend, who met him when the application was still pending. Teixeira changed his online handle to an innocuous version of his surname and became “less active” in the community for a time, the friend added, in an effort not to create more incriminating evidence.

But Teixeira already had an offline record that arguably should have raised concerns for the officials who approved his security clearance. In March 2018, Teixeira was suspended from his high school “when a classmate overheard him make remarks about weapons, including Molotov cocktails, guns at the school, and racial threats,” according to a Justice Department filing last month that argued Teixeira should remain in jail while he faces charges under the Espionage Act stemming from his alleged leaks.

Teixeira’s close friend, who knew him after he had graduated high school, said he had confessed to wanting to take a gun to school and carry out a shooting.

“He had told me multiple times about when he was younger, his desire to shoot up his school,” the friend said. “He hated his school.”

“To my knowledge, he never hurt anyone physically, but he absolutely talked about it pretty often,” the friend added. Other friends confirmed Teixeira talked about attacking his school, but they said they didn’t take his threats seriously.

The YouTuber added that Discord deleted the civil-discussion channel on April 24 after “multiple members” received notices from the company.

Teixeira’s gaming and political cultures overlapped, the friend observed. “Once you start getting into the more niche video games, a lot of those communities are much more conservative. I think he found a small place where his views got echoed back to him and made them worse.”

The Post obtained previously unpublished screenshots from the server and recordings of members playing games together. Racist and antisemitic language flowed through the community, as did hostility for gay and transgender people, whom Teixeira deemed “degenerate.” The line between sarcasm and genuine belief became increasingly blurred. On video calls, users held up a finger, jokingly imitating members of ISIS. In their rooms were flags associated with Christian nationalism and white power.

Friends may not have taken seriously Teixeira’s threats against his high school. But he voiced approval of some shooters, particularly when they targeted people of different races and faiths. Teixeira was especially impressed by a gunman’s rampage at two mosques in Christchurch, New Zealand, in 2019, which left 51 people dead and 4o injured. “He was very happy that those people died,” the friend said, because they were Muslim. The shooter live-streamed his massacre as though he were in a video game.

“He was very against gun control. And so he would talk about wanting to kill ATF agents or when ATF agents would show up to his house, like theoretically preparing your house so that they would die in some strange trap.”

In arguing that Teixeira should remain in jail while he faces charges, federal prosecutors pointed to his threats of violence in high school. But among online communities whose members hold “more extremist conservative views,” the friend said, “it’s really common to joke about killing government agents like that, so it never seemed worrying to me.”

“Security and privacy have long been top companywide priorities at Twitter,” said Twitter spokeswoman Rebecca Hahn. She said that Zatko’s allegations appeared to be “riddled with inaccuracies” and that Zatko “now appears to be opportunistically seeking to inflict harm on Twitter, its customers, and its shareholders.” Hahn said that Twitter fired Zatko after 15 months “for poor performance and leadership.” Attorneys for Zatko confirmed he was fired but denied it was for performance or leadership.

the whistleblower document alleges the company prioritized user growth over reducing spam, though unwanted content made the user experience worse. Executives stood to win individual bonuses of as much as $10 million tied to increases in daily users, the complaint asserts, and nothing explicitly for cutting spam.

Chief executive Parag Agrawal was “lying” when he tweeted in May that the company was “strongly incentivized to detect and remove as much spam as we possibly can,” the complaint alleges.

Zatko described his decision to go public as an extension of his previous work exposing flaws in specific pieces of software and broader systemic failings in cybersecurity. He was hired at Twitter by former CEO Jack Dorsey in late 2020 after a major hack of the company’s systems.

“I felt ethically bound. This is not a light step to take,” said Zatko, who was fired by Agrawal in January. He declined to discuss what happened at Twitter, except to stand by the formal complaint. Under SEC whistleblower rules, he is entitled to legal protection against retaliation, as well as potential monetary rewards.

A person familiar with Zatko’s tenure said the company investigated Zatko’s security claims during his time there and concluded they were sensationalistic and without merit. Four people familiar with Twitter’s efforts to fight spam said the company deploys extensive manual and automated tools to both measure the extent of spam across the service and reduce it.

In 1998, Zatko had testified to Congress that the internet was so fragile that he and others could take it down with a half-hour of concentrated effort. He later served as the head of cyber grants at the Defense Advanced Research Projects Agency, the Pentagon innovation unit that had backed the internet’s invention.

Overall, Zatko wrote in a February analysis for the company attached as an exhibit to the SEC complaint, “Twitter is grossly negligent in several areas of information security. If these problems are not corrected, regulators, media and users of the platform will be shocked when they inevitably learn about Twitter’s severe lack of security basics.”

Zatko’s complaint says strong security should have been much more important to Twitter, which holds vast amounts of sensitive personal data about users. Twitter has the email addresses and phone numbers of many public figures, as well as dissidents who communicate over the service at great personal risk.

This month, an ex-Twitter employee was convicted of using his position at the company to spy on Saudi dissidents and government critics, passing their information to a close aide of Crown Prince Mohammed bin Salman in exchange for cash and gifts.

Zatko’s complaint says he believed the Indian government had forced Twitter to put one of its agents on the payroll, with access to user data at a time of intense protests in the country. The complaint said supporting information for that claim has gone to the National Security Division of the Justice Department and the Senate Select Committee on Intelligence. Another person familiar with the matter agreed that the employee was probably an agent.

“Take a tech platform that collects massive amounts of user data, combine it with what appears to be an incredibly weak security infrastructure and infuse it with foreign state actors with an agenda, and you’ve got a recipe for disaster,” Charles E. Grassley (R-Iowa), the top Republican on the Senate Judiciary Committee,

Many government leaders and other trusted voices use Twitter to spread important messages quickly, so a hijacked account could drive panic or violence. In 2013, a captured Associated Press handle falsely tweeted about explosions at the White House, sending the Dow Jones industrial average briefly plunging more than 140 points.

After a teenager managed to hijack the verified accounts of Obama, then-candidate Joe Biden, Musk and others in 2020, Twitter’s chief executive at the time, Jack Dorsey, asked Zatko to join him, saying that he could help the world by fixing Twitter’s security and improving the public conversation, Zatko asserts in the complaint.

The complaint — filed last month with the Securities and Exchange Commission and the Department of Justice, as well as the FTC — says thousands of employees still had wide-ranging and poorly tracked internal access to core company software, a situation that for years had led to embarrassing hacks, including the commandeering of accounts held by such high-profile users as Elon Musk and former presidents Barack Obama and Donald Trump.

But at Twitter Zatko encountered problems more widespread than he realized and leadership that didn’t act on his concerns, according to the complaint.

Twitter’s difficulties with weak security stretches back more than a decade before Zatko’s arrival at the company in November 2020. In a pair of 2009 incidents, hackers gained administrative control of the social network, allowing them to reset passwords and access user data. In the first, beginning around January of that year, hackers sent tweets from the accounts of high-profile users, including Fox News and Obama.

Several months later, a hacker was able to guess an employee’s administrative password after gaining access to similar passwords in their personal email account. That hacker was able to reset at least one user’s password and obtain private information about any Twitter user.

Twitter continued to suffer high-profile hacks and security violations, including in 2017, when a contract worker briefly took over Trump’s account, and in the 2020 hack, in which a Florida teen tricked Twitter employees and won access to verified accounts. Twitter then said it put additional safeguards in place.

This year, the Justice Department accused Twitter of asking users for their phone numbers in the name of increased security, then using the numbers for marketing. Twitter agreed to pay a $150 million fine for allegedly breaking the 2011 order, which barred the company from making misrepresentations about the security of personal data.

After Zatko joined the company, he found it had made little progress since the 2011 settlement, the complaint says. The complaint alleges that he was able to reduce the backlog of safety cases, including harassment and threats, from 1 million to 200,000, add staff and push to measure results.

But Zatko saw major gaps in what the company was doing to satisfy its obligations to the FTC, according to the complaint. In Zatko’s interpretation, according to the complaint, the 2011 order required Twitter to implement a Software Development Life Cycle program, a standard process for making sure new code is free of dangerous bugs. The complaint alleges that other employees had been telling the board and the FTC that they were making progress in rolling out that program to Twitter’s systems. But Zatko alleges that he discovered that it had been sent to only a tenth of the company’s projects, and even then treated as optional.

“If all of that is true, I don’t think there’s any doubt that there are order violations,” Vladeck, who is now a Georgetown Law professor, said in an interview. “It is possible that the kinds of problems that Twitter faced eleven years ago are still running through the company.”

“Agrawal’s Tweets and Twitter’s previous blog posts misleadingly imply that Twitter employs proactive, sophisticated systems to measure and block spam bots,” the complaint says. “The reality: mostly outdated, unmonitored, simple scripts plus overworked, inefficient, understaffed, and reactive human teams.”

One current and one former employee recalled that incident, when failures at two Twitter data centers drove concerns that the service could have collapsed for an extended period. “I wondered if the company would exist in a few days,” one of them said.

The current and former employees also agreed with the complaint’s assertion that past reports to various privacy regulators were “misleading at best.”

For example, they said the company implied that it had destroyed all data on users who asked, but the material had spread so widely inside Twitter’s networks, it was impossible to know for sure

As the head of security, Zatko says he also was in charge of a division that investigated users’ complaints about accounts, which meant that he oversaw the removal of some bots, according to the complaint. Spam bots — computer programs that tweet automatically — have long vexed Twitter. Unlike its social media counterparts, Twitter allows users to program bots to be used on its service: For example, the Twitter account @big_ben_clock is programmed to tweet “Bong Bong Bong” every hour in time with Big Ben in London. Twitter also allows people to create accounts without using their real identities, making it harder for the company to distinguish between authentic, duplicate and automated accounts.

In the complaint, Zatko alleges he could not get a straight answer when he sought what he viewed as an important data point: the prevalence of spam and bots across all of Twitter, not just among monetizable users.

Zatko cites a “sensitive source” who said Twitter was afraid to determine that number because it “would harm the image and valuation of the company.” He says the company’s tools for detecting spam are far less robust than implied in various statements.

The complaint also alleges that Zatko warned the board early in his tenure that overlapping outages in the company’s data centers could leave it unable to correctly restart its servers. That could have left the service down for months, or even have caused all of its data to be lost. That came close to happening in 2021, when an “impending catastrophic” crisis threatened the platform’s survival before engineers were able to save the day, the complaint says, without providing further details.

The four people familiar with Twitter’s spam and bot efforts said the engineering and integrity teams run software that samples thousands of tweets per day, and 100 accounts are sampled manually.

Some employees charged with executing the fight agreed that they had been short of staff. One said top executives showed “apathy” toward the issue.

Zatko’s complaint likewise depicts leadership dysfunction, starting with the CEO. Dorsey was largely absent during the pandemic, which made it hard for Zatko to get rulings on who should be in charge of what in areas of overlap and easier for rival executives to avoid collaborating, three current and former employees said.

For example, Zatko would encounter disinformation as part of his mandate to handle complaints, according to the complaint. To that end, he commissioned an outside report that found one of the disinformation teams had unfilled positions, yawning language deficiencies, and a lack of technical tools or the engineers to craft them. The authors said Twitter had no effective means of dealing with consistent spreaders of falsehoods.

Dorsey made little effort to integrate Zatko at the company, according to the three employees as well as two others familiar with the process who spoke on the condition of anonymity to describe sensitive dynamics. In 12 months, Zatko could manage only six one-on-one calls, all less than 30 minutes, with his direct boss Dorsey, who also served as CEO of payments company Square, now known as Block, according to the complaint. Zatko allegedly did almost all of the talking, and Dorsey said perhaps 50 words in the entire year to him. “A couple dozen text messages” rounded out their electronic communication, the complaint alleges.

Faced with such inertia, Zatko asserts that he was unable to solve some of the most serious issues, according to the complaint.

Some 30 percent of company laptops blocked automatic software updates carrying security fixes, and thousands of laptops had complete copies of Twitter’s source code, making them a rich target for hackers, it alleges.

A successful hacker takeover of one of those machines would have been able to sabotage the product with relative ease, because the engineers pushed out changes without being forced to test them first in a simulated environment, current and former employees said.

“It’s near-incredible that for something of that scale there would not be a development test environment separate from production and there would not be a more controlled source-code management process,” said Tony Sager, former chief operating officer at the cyberdefense wing of the National Security Agency, the Information Assurance divisio

Sager is currently senior vice president at the nonprofit Center for Internet Security, where he leads a consensus effort to establish best security practices.

The complaint says that about half of Twitter’s roughly 7,000 full-time employees had wide access to the company’s internal software and that access was not closely monitored, giving them the ability to tap into sensitive data and alter how the service worked. Three current and former employees agreed that these were issues.

“A best practice is that you should only be authorized to see and access what you need to do your job, and nothing else,” said former U.S. chief information security officer Gregory Touhill. “If half the company has access to and can make configuration changes to the production environment, that exposes the company and its customers to significant risk.”

The complaint says Dorsey never encouraged anyone to mislead the board about the shortcomings, but that others deliberately left out bad news.

When Dorsey left in November 2021, a difficult situation worsened under Agrawal, who had been responsible for security decisions as chief technology officer before Zatko’s hiring, the complaint says.

An unnamed executive had prepared a presentation for the new CEO’s first full board meeting, according to the complaint. Zatko’s complaint calls the presentation deeply misleading.

The presentation showed that 92 percent of employee computers had security software installed — without mentioning that those installations determined that a third of the machines were insecure, according to the complaint.

Another graphic implied a downward trend in the number of people with overly broad access, based on the small subset of people who had access to the highest administrative powers, known internally as “God mode.” That number was in the hundreds. But the number of people with broad access to core systems, which Zatko had called out as a big problem after joining, had actually grown slightly and remained in the thousands.

The presentation included only a subset of serious intrusions or other security incidents, from a total Zatko estimated as one per week, and it said that the uncontrolled internal access to core systems was responsible for just 7 percent of incidents, when Zatko calculated the real proportion as 60 percent.

Zatko stopped the material from being presented at the Dec. 9, 2021 meeting, the complaint said. But over his continued objections, Agrawal let it go to the board’s smaller Risk Committee a week later.

Agrawal didn’t respond to requests for comment. In an email to employees after publication of this article, obtained by The Post, he said that privacy and security continues to be a top priority for the company, and he added that the narrative is “riddled with inconsistences” and “presented without important context.”

On Jan. 4, Zatko reported internally that the Risk Committee meeting might have been fraudulent, which triggered an Audit Committee investigation.

Agarwal fired him two weeks later. But Zatko complied with the company’s request to spell out his concerns in writing, even without access to his work email and documents, according to the complaint.

Since Zatko’s departure, Twitter has plunged further into chaos with Musk’s takeover, which the two parties agreed to in May. The stock price has fallen, many employees have quit, and Agrawal has dismissed executives and frozen big projects.

Zatko said he hoped that by bringing new scrutiny and accountability, he could improve the company from the outside.

“I still believe that this is a tremendous platform, and there is huge value and huge risk, and I hope that looking back at this, the world will be a better place, in part because of this.”

12th Armored Division

Capt. John C. ‘Jack’ Lee Jr.

Schloss Itter in the Tyrol

French VIPs

ex-prime ministers Paul Reynaud

Eduard Daladier

Generals Maxime Weygand and Paul Gamelin

recapture the castle and execute the prisoners

anti-Nazi German soldiers of the Wehrmacht

The phrase has come to mean an academic who occasionally addresses a general audience, as if all academics were intellectuals, and some of them were also public ones. In fact, academics and intellectuals are antithetical types. An intellectual is not an expert, and a public intellectual is not an expert who condescends to speak to a wider audience about her area of expertise. An intellectual is a generalist, an autodidact, a thinker who wanders and speculates. As Jack Miles puts it in a stellar essay on the question, “It takes years of disciplined preparation to become an academic. It takes years of undisciplined preparation to become an intellectual.”

Public also smacks of publicity, of the new apparatus of celebrity that turns scholars into showmen and makes pundits out of hacks.

celebrity, like the institutionalization that comes with being an academic, is inimical to the intellectual’s mission: questioning the mental status quo. The more a part of things you are—the more embedded in the machinery of status and position—the harder that is to do. As Kazin said, “values are our only home in the universe.” Allegiances, to any group, are fatal. The intellectual’s job is to think past the culture: to question the myths, metaphors, and assumptions that limit our collective imagination. The founder of the breed was Socrates.

The session with the young men was equally jarring. None of them expressed great enthusiasm for Obama. But their depiction of Republicans was even more lacerating than the women’s had been. “Racist,” “out of touch” and “hateful” made the list — “and put ‘1950s’ on there too!” one called out.

What could they say or do to make you feel more positive about the Republican Party?” “Be more pro-science,” said a 22-year-old moderate named Jack. “Embrace technology and change.” “Stick to your strong suit,” advised Nick, a 23-year-old African-American. “Clearly social issues aren’t your strong suit. Stop trying to fight the battle that’s already been fought and trying to bring back a movement. Get over it — you lost.”

that’s where the left has beaten us, by giving smart people the space and trusting them to have success. It’s a fundamentally anti-entrepreneurial model we’ve embraced.”

the dilemma faced by Republicans in Congress. “What forces them to vote that way, 9 times out of 10, is a fear of a primary challenge,” he said. “What we hope to accomplish is to bring more voters into Republican primaries, so that it isn’t just the far right that shows up at the polls.” The dilemma, Goodwin acknowledged, is that the far-right rhetoric may well repel such voters from participating in G.O.P. primaries to begin with. “We recognize that this isn’t something that’s going to happen anytime soon,” he said.

Young Republicans now lament that no one from their side has stepped up to organize a conservative version of RootsCamp. Michael Turk, a 42-year-old Republican digital guru, suggested that the failure of G.O.P. technologists to do this springs from a uniquely Republican trait. “They all wanted to make money,” he said. “And so as a result, Katie Harbath, who was one of my deputies at the R.N.C., is now at Facebook, and Mindy Finn” — a longtime G.O.P. digital operative — “is at Twitter, and Patrick and I each started our own companies. We all found ways to parlay that into a living for our families, as opposed to just doing it for the cause.”

Several G.O.P. digital specialists told me that, in addition, they found it difficult to recruit talent because of the values espoused by the party. “I know a lot of people who do technology for a living,” Turk said. “And almost universally, there’s a libertarian streak that runs through them — information should be free, do your own thing and leave me alone, that sort of mind-set. That’s very much what the Internet is. And almost to a person that I’ve talked to, they say, ‘Yeah, I would probably vote for Republicans, but I can’t get past the gay-marriage ban, the abortion stance, all of these social causes.’

In the previous few days, the pollster interviewed Latino voters in San Diego and young entrepreneurs in Orlando. The findings were virtually unanimous. No one could understand the G.O.P.’s hot-blooded opposition to gay marriage or its perceived affinity for invading foreign countries. Every group believed that the first place to cut spending was the defense budget. During the whiteboard drill, every focus group described Democrats as “open-minded” and Republicans as “rigid.” “There is a brand,” the 28-year-old pollster concluded of her party with clinical finality. “And it’s that we’re not in the 21st century.”

To win, a reincarnated Reagan — or a Rubio or a Chris Christie or a Bobby Jindal — would still have to satisfy his base of hard-line conservatives and captivate a new generation of voters at the same time. I ran this quandary by Kristen Soltis Anderson. “It’s a big challenge,” she acknowledged. “But I think that if you can earn the trust of the people, there are ways you can say, ‘Here’s why I take this position.’ I don’t know that someone like Rubio, who may be young and attractive and well spoken, could attract young voters despite his views on gay marriage. I do think that in the absence of a very compelling reason to vote for a candidate, those social issues can be deal-breakers for young voters. The challenge is: Can you make a case that’s so compelling that you can overcome those deal-breaker issues? And I don’t know the answer to that question.”

At best, Romney will be an affiliated president attempting to revive the Republican brand after it has been badly tarnished by George W. Bush; at worst, he will be a disjunctive president, unable to keep his party's factions together, and presiding over the end of the Reagan coalition.

Romney has presented himself as a pragmatic, data-driven, hands-on problem-solver. In this respect he resembles our two last disjunctive presidents, Herbert Hoover and Jimmy Carter. Yet in order to secure his party's nomination, Romney has had to twist his positions to conform to the most radical demands of the Republican base.

the Republican Party's policy solutions seem -- at least outside the ranks of the faithful -- increasingly ideological and out of touch. No matter what conditions the nation faces, the Republican prescription is to lower taxes, increase defense spending, and weaken the social safety net. These ideas may have made sense in the 1980s. But by 2012, they seem as irrelevant as the Democratic Party's arguments must have seemed to many Americans in 1979.

technocratic expertise is a tenuous strategy for maintaining political legitimacy, especially when a president must make unpopular decisions. Nor will it be enough to satisfy his base.

affiliated presidents have to choose which parts of the coalition to ally themselves with, risking the defection of the rest. This is the choice faced by presidents John F. Kennedy and Lyndon Johnson, who ultimately tilted in favor of a civil-rights agenda in the 1960s,

Affiliated presidents also face enormous pressures -- or temptations, depending on how one looks at it -- to use military force to display strength, both to the outside world and, equally important, to their political base.

Opposition to Barack Obama's presidency unified the Republicans. But once Obama is gone, the various factions of the party will find themselves in fierce competition, and the incoherence of the Republicans' various commitments will emerge starkly.

he may make George W. Bush look good by comparison. During most of Bush's eight years in office, the Republican Party was united and willing to follow his lead. Romney will not be so lucky. The party he heads has become so rigid, radical, and unrealistic that, despite his best efforts, he may end up as the last of the Reagan-era Republican leaders -- a disjunctive president like John Quincy Adams, James Buchanan, Herbert Hoover, or Jimmy Carter.

a failure of imagination about the motives and plans of a longtime adversary meant that government officials were not fully alert to the possibility that Mr. Putin might try tactics here that have worked so well for him in Ukraine, the Baltics and other parts of Europe.

while American intelligence officials — who were focused primarily on the Islamic State and other urgent threats like China’s action in the South China Sea and North Korea’s nuclear and missile threat — saw what was happening, they came late to its broader implications

It was telling that within an hour of the release of the report on Friday, the secretary of homeland security, Jeh Johnson, declared for the first time that America’s election system — the underpinning of its democracy — would be added to the list of “critical infrastructure.” This after years of cyberattacks on campaigns and government agencies.

“in July 2015, Russian intelligence gained access to Democratic National Committee networks” and stayed there for 11 months, roaming freely and copying the contents of emails that it ultimately released in the midst of the election. Classified briefings circulating in Washington indicate that British intelligence had alerted the United States to the intrusion by fall 2015.

Almost immediately, a low-level special agent with the F.B.I. alerted the Democratic National Committee’s information technology contractor, which doubted the call and did nothing for months. The F.B.I. failed to escalate the issue, even though it was clear from the start that the attackers were almost certainly the same Russians who had mounted similar campaigns against the State Department, the White House and the Joint Chiefs of Staff.

It was not until Oct. 7, 2016, 15 months after the initial hacking attack, that the intelligence agencies first publicly blamed Russia. Even then, Mr. Obama made it clear that he did not want to escalate the situation before the election, for fear of getting into a tit-for-tat cyberwar in which Russia might try to alter the actual vote tallying. (It did not.)

“The biggest frustration to me is speed, speed, speed,” he told the Senate Armed Services Committee on Thursday, in response to a question from Senator Jack Reed of Rhode Island, the top Democrat on the panel, about the obstacles to seeing a threat from abroad and acting on it here in the United States.

It is clear that Mr. Putin saw a huge vulnerability in the American system that was ripe to be exploited.

The country’s highly partisan politics, with cable channels and websites devoted to pressing an agenda for the fully convinced and the half-convinced, made it more vulnerable to any disclosures that could capture a news cycle

Add to that the uniquely Russian combination of covert espionage and the disclosure of the emails it harvested, as well as the release of “kompromat” — compromising information about politicians and policy makers — and “fake news,” a tactic not above American officials at times.