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Canada's Prime Minister Mark Carney delivers a speech during the World Economic Forum annual meeting in Davos on January 20, 2026. | Fabrice Coffrini/AFP via Getty Images This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here. Canada’s prime minister delivered a blistering and remarkable speech at the World Economic Forum this week, essentially declaring the end of the world as you and I have known it.  Since World War II, Mark Carney told the crowd in Davos, Switzerland, global politics have largely adhered to a system of norms that prioritized shared prosperity and cooperation. But as President Donald Trump lays waste to those norms, long-time US allies — Canada included — are taking steps to counter America’s influence, even after Trump’s current term. It’s hard to overstate just how new and strange that is: America’s nearest neighbor, and closest ally, calling for the development of a new world order that sidelines the US. “When historians look back at this era, this speech by Mark Carney will be seen as an inflection point,” wrote Lulu Garcia-Navarro, a New York Times journalist. The address is worth reading or watching in full, which is something I have said of… maybe three speeches in my career. But because that would be a lot to put in your inbox, I’ve instead asked four of my colleagues from Vox’s policy and politics team to explain the big highlights here. In today’s edition, they answer the question: What does Canada — and the rest of the world — want from the new world order? Speaking at the World Economic Forum in Davos, Canada’s prime minister declared that the system of international rules and norms that’ve been in place since World War II aren’t working anymore — and that “middle powers” like Canada should stop pretending that they are. Tension between the US and its European and Canadian allies has been ratcheting up for months. What’s special about this? What’s different?  Benjy Sarlin (senior editor): One thing that Trump’s second term has changed, and that Carney’s speech reflects, is that the West’s tensions with America are no longer just about Trump’s personal behavior. You could look at this current Greenland standoff, for example, as a personal obsession of Trump’s that has no real connection to any faction of either party, that polls about as terribly in the US as it does in Europe, and that will go away as soon as he goes away or faces enough pressure from US voters or the stock market. But that’s not how it’s being treated by Carney: Canada now has to consider the possibility that the US — whether in the next election, or 20 years, or 40 years — is capable of empowering another Trump-like figure who tears up existing agreements and fundamentally does not believe in the post-World War II project of shared security and democratic values. Carney starts out by critiquing the “rules-based international order,” which is an interesting choice. He says, in particular, that “we knew the story of the international rules-based order was partially false, that the strongest would exempt themselves when convenient.” Is he saying that the old world order was a lie? Or that American dominance was universally bad?  Seth Maxon (senior editor): There has been quite a bit of left-wing commentary about the line “we knew that international law applied with varying rigor,” with some people expressing shock to hear that articulated by a major Western leader. I think this is key to why this speech resonated so much — Carney’s tendency to say a quiet part out loud. Zack Beauchamp (senior correspondent): But Carney is not, as some on the radical left have suggested, admitting that the international order was “always” a total lie. He is saying that there were gaps and hypocrisies in it, but that these were outweighed (at least from the Canadian perspective) by the…

President Donald Trump disembarks Air Force One as he arrives at Zurich Airport before attending the World Economic Forum in Davos, Switzerland, on January 21, 2026. | Chip Somodevilla/Getty Images This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: Donald Trump is once again moving markets — and being moved by them in turn.  What happened? On Wednesday afternoon, the president said in a social media post that he was backing away from new tariffs on Europe after reaching a “framework of a future deal with respect to Greenland,” potentially involving US sovereignty over new US military bases there. The Dow and other US stock indices jumped in response, after suffering a bad day on Tuesday because of Trump’s continuing threats. It’s the latest example of one of the more reliable patterns to emerge from Trump’s first year back in office: TACO, or “Trump always chickens out.” Why TACO? The term comes from a Financial Times column in May breaking down the market response to Trump backing down on his “Liberation Day” tariffs. As my colleague Andrew Prokop explained at the time, the short-lived tariffs pushed the market to the verge of crisis, and Trump blinked. TACO postulates Trump always handles market dips the same way: Once the damage gets bad enough, he will relent. What’s the context? Until Wednesday, Trump had been all-in on acquiring Greenland, logic and decades-old US alliances be damned. Over the weekend, he announced escalating tariffs on eight European countries over their opposition to the plan, and threatened Norway’s prime minister. What’s the big picture? TACO is, in some ways, good news — a built-in circuit breaker for some of Trump’s more damaging impulses. But as Arin Dube, a University of Massachusetts economics professor, points out, it’s not a permanent solution. As markets grow accustomed to Trump backing down, they’re less likely to get jittery in the first place; if they don’t fall, Trump also doesn’t get the signal to stop touching the stove. The result could be an ever-elongating TACO cycle where Trump tiptoes closer to the brink of a seriously damaging decision — and maybe over it — before the markets send a signal he should reconsider. And with that, it’s time to log off… Last month, my colleague Benji Jones traveled to Australia to report on “the largest effort ever mounted to keep the Great Barrier Reef alive.” The Australian government’s nearly $300 million Reef Restoration and Adaptation Program is planned as a multi-decade effort to bolster the dying reefs, including by spawning new corals in a lab. You can read his excellent reporting here, along with some wonderful photos of the reefs. Enjoy, and we’ll see you back here tomorrow!

On Wednesday, the PFWA announced that Indianapolis Colts first-year tight end was named to their 2025 All-Rookie Team: the rook keeps stacking. 🏆 pic.twitter.com/enW9sKo20T— Indianapolis Colts (@Colts) January 21, 2026 It’s the latest league debut honor for the Colts prized 23-year-old tight end, who was also recently named to this year’s Pro Bowl games as well. Having been selected by the Colts with the 14th overall pick in this past year’s NFL Draft, Warren instantly made a meaningful impact for Indy, catching 76 receptions for 817 total receiving yards and 4 touchdown receptions during all 17 games (12 starts). He also added a rushing touchdown, playing fullback along the goal line. His offensive versatility, with his ability to catch, run, and block—while lining up everywhere, added some new interesting wrinkles to head coach Shane Steichen’s offense, which was the league’s best until key injuries struck. Of course, Warren will likely always be compared career wise to Chicago Bears fellow graduated rookie tight end Colston Loveland, who was taken just a few spots before him in the first round. Loveland caught fire down the stretch and appears to be well on his way to earning Pro Bowl honors himself with 58 receptions for 713 total receiving yards and 6 touchdown receptions during 16 games (11 starts) for the reigning NFC North Champions. That being said, it was Warren, who won out for the rookie honors here. The Colts appear to have gotten a really good one, if his debut campaign was any clear indication! One has to think that Warren will only improve in Year 2.

Welcome to SB Nation Reacts, a survey of fans across the NFL. Throughout the year we ask questions of the most plugged-in Cardinals fans and fans across the country. Sign up here to participate in the weekly emailed surveys. The Arizona Cardinals are looking at a plethora of coaches for their head coaching job. It seems like there are five that are moving towards a little more interest than others. So that begs the question which candidate are you most interested in and who would you want to be the next Arizona Cardinals head coach. Chris Shula – Rams defensive coordinator – About to turn 40, two years as a defensive coordinator. Mike LaFleur – Rams offensive coordinator – 38 years old, five years experience as an offensive coordinator. Joe Brady – Bills offensive coordinator – 36 year old who has been an NFL offensive coordinator for five years, and the architect of the greatest college offense in history. Vance Joseph – Denver Broncos defensive coordinator- 53 year old who has put together one of the most impressive defenses in the NFL. Anthony Campanile – Jacksonville Jaguars defensive coordinator – 43 year old who has helped improved the defenses he has been a part of and improved the Jags defense massively in his first year as DC. Who do you prefer? Please take our survey

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