The Revolutionary War lasted a lot longer than most of us realize. Begun in 1775, the war didn't end for six long years, and wasn't fully resolved for another two. During this time, American forces had some notable victories, and also more than a few ignoble defeats at the hands of the British. Some of these battles have been inscribed on the nation's consciousness so deeply they are remembered in name (if not in complete detail) by its citizenry more than two centuries later. For instance, as schoolchildren we all learned the following names: Lexington and Concord, Bunker Hill, Fort Ticonderoga, Valley Forge, and Trenton (or "Washington crossing the Delaware"). This litany of sacred spots (which includes Valley Forge even though no battle was fought there, since we all know the name), began with "the shot heard 'round the world," and ended decisively with the surrender of the British General Cornwallis, at Yorktown, Virginia. Yorktown was the endpoint of the war, we all learned as children, and the surrender of the British forces to the ragtag Americans was the decisive victory which forced the British to negotiate an end to the entire conflict. But what we weren't taught is that this battle may not have been such a key one if it hadn't been for a naval battle which had happened over a month earlier. This battle -- called variously the "Battle of the Chesapeake," or the "Battle of the Virginia Capes" -- is one very few Americans have even heard of. This is probably due to the fact that no Americans took part in the battle -- or even witnessed it (except perhaps from afar) -- because it was a slugfest between the British and the French navies. But if the Battle of the Chesapeake hadn't happened, it is very likely General Washington wouldn't have won the Siege of Yorktown, and the American Revolution would have continued on for a lot longer than it did -- and may have been lost, in the end. Which is why it's a shame that almost nobody remembers such a turning point in our country's history.

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Happy Second of July, everyone! Happy Independence Day!

Now, you may be thinking: "Has Chris gone bonkers? Why is he jumping the gun, two days early?" The answers to these important queries are: No, Chris has not gone any more bonkers than usual; and, in fact, the rest of you are celebrating a fictitious event on a fictitious anniversary date. So there.

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It's not exactly front-and-center in the news, but Republicans have entered a budgetary crunch time in a big way. The outcome is going to be extremely significant to hundreds of millions of Americans, but reporting on it is time-consuming and detail-oriented, so it's a lot easier to just chase whatever shiny object Donald Trump trots out for the press instead.

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Next month, America will celebrate its 249th birthday on July 4th. But the rest of the world will be much more concerned with what happens five days later, on July 9th. That is the deadline for Donald Trump's 90-day "pause" in what he calls his "reciprocal tariffs" on the rest of the world. Either countries have a new trade deal in place with the U.S. by that date, or else steep tariffs will once again be imposed upon them.

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This week, Wall Street figured out something about Donald Trump (that Vladimir Putin has known for quite a while now) and gave it a catchy name: "TACO." This stands for: "Trump Always Chickens Out."

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There are two basic ways to successfully deal with a bully: you can stand up to him, or you can laugh at him. Wall Street is apparently now taking the second route, as traders openly ridicule Donald Trump.

There's a new acronym making the rounds on Wall Street: "TACO," or (more specifically) the "TACO trade." It stands for "Trump Always Chickens Out," and it refers to the resilience of the markets after a cycle which is becoming more frequent in Trump's tariff war. The cycle starts when Trump, in a fit of pique, announces insanely-high tariffs will be levied. The market then tanks. Trump then backs off and announces he will be "pausing" the tariffs, or severely rolling them back. The market then gains back what it had lost.

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Since today is Memorial Day, I'd like to begin with a remembrance of our most forgettable war, the War of 1812. How forgettable was this war? Well, its bicentennial passed by a few years ago, but the country as a whole took little notice. That's pretty forgettable, as these things are measured. In fact, only one event during this war has become what one might call (if one were in the mood for a pun) a "Key" moment, but more on that in due course.

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Once again, the Republican Party has laid out its real agenda, in the form of a federal budget. And once again, they have proven what their real priorities are: cutting taxes on the wealthiest Americans no matter what -- no matter who has to pay for it, or how.

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What would you think if an arsonist set fire to your house, waited until the flames were causing major damage, and then rushed in and put (most of) the fire out? Would you thank the arsonist for saving your house, or would you be angry with him for starting the fire in the first place? Would you look around your home, now drenched in water and with some spots still smoldering and burning, and be thankful? Probably not.

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If you'll check a historic calendar (which is easy enough to do), you will clearly see that there are three possible days which could validly be celebrated as marking the end of World War II. They are: August 14th, August 15th, or September 2nd. The initial announcement of the surrender of Japan was made on August 14th, in Japan. Due to the nature of time zones, this happened when it was August 15th in America already. Then the formal surrender, which happened on the deck of the battleship U.S.S. Missouri, was signed on September 2nd. The president at the time, Harry Truman, announced the United States would celebrate what was known as "V-J Day" (for "Victory over Japan Day") on September 2nd. So that would be the most likely day you'd expect any subsequent American president to announce as a new semi-holiday, since it was when World War II actually officially ended. But you'd be wrong.

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