Walter Russell Mead discusses the American Southwest’s pumping more crude oil than Kuwait, the International Criminal Court’s threat to arrest Israeli officials, the financial industry’s exodus from New York and California, and how support for Hamas could split the Democratic coalition on What Really Matters.

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The P4 laboratory, on the campus of the Wuhan Institute of Virology, in Wuhan, in China's central Hubei province. (Hector Retamal/AFP via Getty Images)