In the first Net Assessment recorded before a live audience, Chris, Zack, and Melanie discuss the U.S.-Turkish relationship. Has America “lost” Turkey? What are the benefits and limitations of transactional relationships, rather than alliances? How should NATO manage alliance members whose interests and behavior seem to be at odds with alliance purposes? They then take questions from participants in The Fund for American Studies programs. Chris has a grievance for a Pentagon program to discredit the Chinese COVID-19 vaccine, Zack condemns China’s ongoing aggression against the Philippines, and Melanie has an attaboy for Bill Gates’s effort to build smaller and safer nuclear reactors.