SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " majority " 779 found 🔀 AI-powered Shuffle
Democrats’ Projected Majority Grows as 19 More House Races Shift Away From the GOP
Republicans’ path to keeping control of the House has all but evaporated. The outstanding question is how large Democrats’ majority will be in 2027; in the best-case scenario, their party could enter the new Congress with more seats than they had after successfully flipping control of the House in 2006 and 2018.
The last Democratic legislator in Rutland County is leaving office. What could that mean for the county’s political future?
Historically a Republican stronghold, Rutland County sent Republicans to fill a large majority of its seats in the Legislature last session. This election cycle, the Democratic Party couldn't find anyone to run for Senate and several House seats in Rutland.
Essay: 'Bridgers,' or the people quietly lowering the political temperature
In this contributed essay, Majority in the Middle Executive Director Shannon Watson explores the people who bridge people together, even in turbulent political times.
Op-ed: Brooklyn’s small businesses can’t wait any longer on child care
Brooklyn is home to more than 74,000 businesses, and the vast majority are small. You cannot build a competitive workforce, or a healthy economy, on top of a broken child care system.
Private business fortunes reveal overlooked source of wealth and inequality in America
A majority of Americans blame billionaires for the nation's ever-growing income and wealth divide. But economists Eric Zwick and Owen Zidar say there's a much larger but little-known cadre of very rich ...
El-Sayed’s loyalty to America, Rogers’ loyalty to Trump and other takeaways from Michigan Senate debate
The Michigan Senate debate between Democratic nominee Abdul El-Sayed and Republican Mike Rogers was bitterly personal and ferociously contested — as befits a contest that could decide the chamber’s majority.
A company says its polls were fake. Here’s what happened
A national polling organization revealed on Tuesday that the vast majority of its data had been fabricated, saying it was an “experimental project to demonstrate the vulnerabilities" of the modern political polling industry.
Johnson pitches election-year budget with focus on ‘fair share’ taxes on businesses
Johnson’s proposal doubles as his re-election message as he campaigns not only against a crowded mayoral field, but a majority of the City Council he has battled.
BioWare Becomes First Major Casualty Of Saudi Arabia's EA Takeover
When news came out that Saudi Arabia’s Public Investment Fund had taken a majority stake in Electronic Arts last September, it was clear to anyone familiar with Saudi Arabia, EA, private equity, or capitalism that the move would make an already terrible gaming company even worse. I wrote as much at the time, and though…
Anthropic adds former Harvard science dean to oversight body
Anthropic said on Wednesday that Christopher Stubbs, former dean of science at Harvard University, had joined its oversight body, which holds the power to appoint a majority of the AI startup's board.Here are some details:
Oregon to increase 2027 payments to care organizations for Health Plan members
Next year, Oregon will pay an average of nearly $630 more per member every month to the organizations arranging providers for the vast majority of Oregon’s 1.4 million Medicaid members […]
Justice Kagan says Supreme Court has damaged democracy with recent rulings
The liberal justice took aim at the conservative majority’s rulings on the Voting Rights Act, campaign finance and partisan gerrymandering.
Justice Elena Kagan accuses Supreme Court’s conservative majority of undermining democracy
The liberal justice took aim at various recent rulings, including one that paved the way for rampant partisan gerrymandering of legislative districts.
Democrats jump into Mississippi Sente race
Senate Majority PAC announced it is launching a new ad campaign in Mississippi, where Democrat Scott Colom is challenging GOP Sen. Cindy Hyde-Smith.
Brightstar Capital Partners Invests in Material Handling Group, a Technician-Led Provider of Material Handling Equipment and Aftermarket Services
CANTON, Mich. & NEW YORK, October 20, 2026--Brightstar Capital Partners ("Brightstar"), a private equity firm focused on partnering with founders, entrepreneurs, and management teams, has acquired a majority interest in Material Handling Group USA ("MHG" or the "Company"). Financial terms were not disclosed. MHG is a technician-led provider of new, used, and rental material handling equipment and aftermarket parts and service, serving customers across Michigan, New York, and the Mid-Atlantic reg
Trump Wades into Israeli Politics
Netanyahu is stumbling toward the finish line of this election cycle with Israel isolated internationally more than ever before, as major European partners have all but turned their backs on the Jewish state, and a majority of Americans view Israel negatively.
Analysis | Republicans’ grip on state power is also at risk in elections
The GOP has had a majority of governorships for more than a decade.
Latino voters helped put Trump back in the White House. What's their next move?
The path to a U.S. House majority runs through heavily Latino districts in states such as Arizona, Colorado and Texas, where Democrats are counting on disaffected Trump supporters to swing back their way.
‘This is disgusting’: Nebraska’s independent Senate candidate rips dark money in politics
Democrats are hoping to whittle away at the Republican Senate majority in unexpectedly vulnerable red states like Nebraska. Incumbent Senator Pete Ricketts, a multimillionaire former governor, is defending his seat against independent challenger Dan Osborn, a Navy veteran and industrial mechanic. Osborn says he wants Congress to take back its power, end the war in Iran, lower fuel costs, so we “can worry about little league and bake sales.”
Latino voters helped put Trump back in the White House. What's their next move?
The path to a House majority on Capitol Hill runs through heavily Latino districts in states such as Arizona, Colorado and Texas.
Latino voters helped put Trump back in the White House. What's their next move?
The path to a House majority on Capitol Hill runs through heavily Latino districts in states such as Arizona, Colorado and Texas.
House Speaker Mike Johnson draws on faith as he fights to hold the Republican majority
Speaker Mike Johnson says he believes Republicans will hold on to their House majority on election day and defy a surge of Democratic momentum in the final stretch of the midterm campaign
Politics: House Democrats preparing affordability agenda for potential majority win
Democratic leadership in the U.S. House of Representatives last week announced their plans for an agenda focused on tackling affordability, signaling confidence within the party that a flip of the
House Speaker Mike Johnson draws on faith as he fights to hold the Republican majority
Ever the optimist, Speaker Mike Johnson said he believes Republicans will hold on to their U.S. House majority, defying a surge of Democratic momentum in the final stretch of the midterm elections that will determine control of Congress.
A Reporter Who Saw Covid Coming Has Died
Helen Branswell recognized the threat of the pandemic ahead of the vast majority of journalists and even medical experts. She was 69.
A Reporter Who Saw Covid Coming Has Died
Helen Branswell recognized the threat of the pandemic ahead of the vast majority of journalists and even medical experts. She was 69.
House Speaker Mike Johnson draws on faith as he fights to hold the Republican majority
Speaker Mike Johnson says he believes Republicans will hold on to their House majority on Election Day and defy a surge of Democratic momentum in the final stretch of the midterm campaign.
Some hope to see lawmakers create AI framework for education
Could Senate Republicans prevent Senate Democrats from achieving a veto-proof majority in the upper chamber this election?
It’s time to bring back science in campaign policy discussions
Despite the politicization of science, a majority of both liberals and conservatives feel that government investment in scientific research is worthwhile for society.
Frustrated with Trump, voters overwhelmingly want change, AP-NORC poll finds
A strong majority of voters believe that President Donald Trump is falling short at home and abroad, and they want major change in the upcoming midterm elections, according to a new AP-NORC poll that raises serious warning signs for the Republican Party at a critical moment.
Suburban office condos fetch $2.4 million
An in-state investor bought the majority of an office park in Lorain, giving them control over the site in a growth market, said the selling broker.
Majority of Small Business Owners Rely on Their Businesses to Fund Their Future, New Survey Finds
For many U.S. small business owners, their financial future depends heavily on the businesses they've built, yet new research reveals significant gaps in the planning and preparation needed to support a successful exit.
Companies pledge free software and computing for AI in science
The European Commission has announced that a group of companies and foundations will offer free services, such as software or access to supercomputers, to European scientists using AI in their research.Unveiled on October 15 at a conference in Dublin, the initiative is the latest step by the Commission to try to help researchers use the technology. Scientists have used forms of AI, such as machine learning, for decades. But advances in deep learning in the past decade, and the wider interest in large language models since the release of ChatGPT in 2022, have spurred governments to invest in new AI tools that could help the scientific process.In July, the US announced it is spending $5 billion on the Genesis Mission, which it describes as a “national effort to harness AI for science,” funding 278 projects across areas such as autonomous labs or new AI tools in astronomy. The Commission has also identified AI in science as a priority, but the €107 million it pledged from Horizon Europe in 2025 does not come close to US spending levels. That said, the vast majority of public research spending in the EU comes from national funds. Today’s announcement at the European AI in Science Summit doesn’t commit any new public money. Instead, it launches the AI in Science Enablers Initiative, a set of voluntary contributions from companies and foundations. The idea is that the companies also benefit by getting access to scientific ecosystems, and feedback on how their tools work. Google, for example, has put up €3 million of cloud computing credits to European researchers. The Novo Nordisk Foundation intends to make its supercomputer, Gefion, available to European researchers, according to the Commission statement. The chipmaker Nvidia said it would provide access to tools, compute, training and collaborative projects.The publisher Elsevier also offered complementary licenses to some of its AI tools, plus AI training for PhD, postdoctoral and master’s students. The French AI firm Mistral will provide the European research community with access to its open-weight models, Vibe seats and application programming interface credits, according to the Commission’s statement. Vibe is one of the firm’s chatbot models. The idea is that more firms and foundations will come on board in the future as the initiative grows.
How Trump’s megabill may be affecting you right now
When Republicans ask voters to keep them in the majority, they frequently point to the most significant policy achievement of Trump 2.0 — the tax and spending cuts bill known as the One Big Beautiful Bill Act.
New California test scores show most students don’t meet standards in math, English or science
California's 2026 test scores follow a familiar trend: incremental improvement from the prior year, with the majority of students behind grade-level standards.
Political ad rates case frozen through midterms
The Supreme Court in an unsigned decision Wednesday sided with Republicans in a dispute over expanding discounted television advertising rates beyond political candidates ahead of the midterms. The unsigned order from a majority of the court paused a ruling from the U.S. Court of Appeals from the 4th Circuit that could have allowed the courts […]
Endorsement: Reject Prop. 44. Politics don’t belong in California’s community health clinics.
If passed, the measure would push the majority of clinics across California into the red.
Endorsement: Reject Prop. 44. Politics don’t belong in California’s community health clinics.
If passed, the measure would push the majority of clinics across California into the red.
Poll: Majority of Americans say Trump prioritizes his personal financial interests over U.S. as a whole
Most Americans think Donald Trump is profiting off the presidency in unethical or illegal ways and is focused more on his wealth than helping people like them, a new AP-NORC poll finds.
Trump-linked super PAC pulls funding from 2 House Republicans as GOP fights to keep majority
House Republicans face growing pressure as Trump-aligned MAGA Inc. pulls planned spending from Tom Kean and Marianette Miller-Meeks' districts.
SEC announces decisions on revamped NIL policy, transfer portal
The Protect College Sports Act has passed in the Senate, but the legislation, which is aimed at eliminating some of the “chaos” that has affected college sports, and in particular, football, faces an uphill battle in the House of Representatives. Earlier this month, House Majority Leader Steve Scalise detailed some of the issues the PCSA…
Mental Health Support for Cyber Operators Is Critical to U.S. National Security
Many Americans can picture the movie Top Gun’s dogfights, but cyber battlefields and their stresses are harder to envision. The majority of personnel work long shifts in front of computer monitors in...
Fox News Power Rankings: As the House falls, the Senate stays in play
Democrats' generic ballot lead is wider than the 2018 blue wave, pushing the House forecast toward a potential 237-seat Democratic majority.
Indonesia’s sweeping new halal rules spark business backlash
World’s largest majority-Muslim country to force companies to explain how products from clothes to toilet paper are permissible under Islam
With Only Three 'No' Votes, UN Adopts Political Declaration On Pandemic Preparedness
The United Nations General Assembly adopted the Political Declaration on Pandemic Prevention, Preparedness, and Response (PPPR) by a substantial majority at a
With Only Three 'No' Votes, UN Adopts Political Declaration On Pandemic Preparedness
The United Nations General Assembly adopted the Political Declaration on Pandemic Prevention, Preparedness, and Response (PPPR) by a substantial majority at a
Trump holds raucous Ohio rally as he tries to shore up base voters for GOP
President Donald Trump on Monday kicked off a week of red-state campaigning with a raucous rally in Ohio, where Republicans are fighting to hold onto a Senate seat that could be key to the majority.
Key business issues are at stake in the outcomes of Colorado legislative races
Six House races and three Senate races likely will determine whether Democrats hold a supermajority in both legislative chambers in 2027.
Factbox-US House races to watch in the 2026 elections
By Nolan D. McCaskill WASHINGTON, Oct 12 (Reuters) - Republicans in the US House of Representatives are defending a narrow majority in November's midterm elections.
Inside Elon Musk’s $276 Million Midterm Rescue Mission for Republicans
The world’s richest person has quietly become by far the biggest known midterm donor, trying to save Republicans’ Senate majority with some of the largest donations in American political history.
Benson-Brinks ticket vows to put Michigan families first
Michigan Senate Majority Leader Winnie Brinks, running mate to Democratic gubernatorial candidate Jocelyn Benson, said their campaign would focus on putting Michiganders first, lowering costs, and addressing priorities like health
'This Week' Transcript 10-11-26: Ukrainian President Volodymyr Zelenskyy, Majority Whip Tom Emmer & Kansas Democratic Senate Candidate Adam Hamilton
Ukrainian President Volodymyr Zelenskyy was on "This Week" Sunday, October 11. This is a rush transcript and may be updated.
With Senate majority up for grabs, candidates fight for 'kingmaker' voters
Eight Senate races are considered the most competitive, nearly all in states with significant swaths of people unaffiliated with either major party.
After Callais ruling, plaintiffs now raise questions over Louisiana's 2nd District
The winners of the U.S. Supreme Court decision that led Louisiana to eliminate one of its two majority-Black congressional districts now have their eyes on the state’s remaining seat held by a Black lawmaker.
Jawando Bill Expands Political Appointments
By Adam Pagnucco. Montgomery County government hires the vast majority of its employees through its merit system, which is insulated from direct participation by elected...
A small-town Alaska fisherman has Republicans on the defensive as they try to keep US House majority
Bill Hill is running for Congress as an independent in Alaska and he's positioning himself as a working-class candidate who can relate to people's frustrations with high fuel and other costs.
A small-town Alaska fisherman has Republicans on the defensive as they try to keep US House majority
Bill Hill is running for Congress as an independent in Alaska and he's positioning himself as a working-class candidate who can relate to people's frustrations with high fuel and other costs.
The possibility that Trump will cost the GOP the Senate is coming into focus
President Donald Trump might well have cost Republicans the Senate majority in both 2020 and 2022. It’s likely to happen again.
Netflix’s Summer of Bummer
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) Today, I’ve got a guest post from longtime friend of the newsletter, Brandon Katz. I’ve been trying to find time all summer to look at Netflix’s straight-to-streaming film slate, but between a pre-planned trip and Nielsen moving up their streaming data timeline, I’ve been swamped. So I reached out to Brandon, one of my favorite fellow analysts, to write about it. And I feel like he captured the tone and data focus of the newsletter perfectly. You can connect with Brandon on LinkedIn and Twitter. Enjoy! Don’t worry, folks. You’re in safe hands with me. To ease any anxieties about an interloper in ESG’s domain, I’ll start by stealing one of his best framing devices: headlines. Box office flops are covered in the same way the Teenage Mutant Ninja Turtles eye pizza: with cartoonish insatiability. I would know. I’m a former reporter who wrote nearly identical headlines: Yet, intentionally or not, streaming misses get treated with kids gloves, filtered through a rosy lens: In the last six years, U.S. streaming viewership has become nearly as transparent as the box office, but the data often arrives weeks later, in a number of less intuitive metrics, and with nary an official budget to be found. This plays into the Wall Street-whispering narratives major streamers have been cultivating for years. They get a pass in a way that theatrical studios simply don’t. Subscribe Netflix’s Summer Slate Not a single Netflix original film released between May and August this year opened above 20 million U.S. TV hours, per Nielsen. That benchmark usually serves as the EntStrategyGuy’s floor for a streaming hit on Netflix. None of these films enjoyed a hit-cementing single week of 20-plus million hours during their runs. Netflix’s two best films were true crime docs, Maternal Instinct (16.5 million hours) and The Crash (19.7 million), the best overall week for a film this summer. Great for most other streamers, but not necessarily what we’re used to seeing from Netflix. For an overly-dramatic comparison, Happy Gilmore 2 opened last summer to around 47 million hours (celebrity cameos, baby!). Zooming out, the picture looks even worse. In 2026, Netflix’s five biggest scripted summer films posted the lowest average (28.6 million hours) and median (28.8 million hours) eight-week viewership totals of the past four years. Now, it’s unrealistic and unfair to expect Netflix to deliver a _KPop Demon Hunters-_sized hit every year. But it’s also not ideal to see the size of their hits shrinking over the last few summers. Let’s quickly run through some of the notable summer misses. Jennifer Lopez and Brett Goldstein’s perfectly fine romcom, Office Romance, fell off the charts after 20 million hours in its first two weeks. Top films usually last for four-plus weeks. Starry titles ideally don’t decay that fast either. Homegrown star Millie Bobby Brown couldn’t prevent the snappy Enola Holmes franchise from diminishing returns. At 14.3 million U.S. hours, the third film posted roughly half of what the first two films did in their first two weeks. What’s on Netflix calculated that per-day global views were down nearly 60% from the second movie. The Whisper Man did okay with more than 36 million hours over its first four weeks. But I expected a little more juice from a film featuring Robert De Niro, Michelle Monaghan, and Adam Scott. Kevin Hart’s Ladies First collected just 11.2 million hours total across two weeks. That’s a big miss for one of Netflix’s go-to stars. Plopping into the same bucket are Sunny Sandler’s Don’t Say Good Luck (10.3 million in two weeks) and John Cena’s Little Brother (17.5 million). Meanwhile, English-language originals Color Book (June 19), In the Hand of Dante (June 24) and Heartstopper Forever (July 17) never sniffed Nielsen’s Top 10 at all, despite needing only 2 to 5 million hours to land in the top ten most weeks. (By my count, eleven English-language scripted original films released between May and August did chart). It’s only fair to mention that Swapped (1-May) posted nearly 42 million U.S. hours over five weeks (the longest Netflix original run this summer) and is currently their eighth most-watched English-language film ever worldwide. Remarkably Bright Creatures (37 million, 4 weeks) and Voicemails for Isabelle (27 million, 4 weeks) weren’t bombs either. Still, overall, I think it’s fair to say this was a quieter summer season than we’re used to seeing from the market-leader. You might not realize that given the language commonly used in public analysis. The Twist Despite the starkly black-and-white tone of the coverage, here’s the twist: when many box office bombs arrive on streaming, their viewership looks a whole lot like many of Netflix’s supposedly successful summer releases. Hmm, where have we heard that one before? Masters of the Universe topped out at $65 million stateside against a $170 million budget_._ I’ll admit, Skeletor ripping sleeveless curls as a gym bro and bodyslamming Adam’s co-workers was funny. But, much to the chagrin of my bank account, my laughter doesn’t launch franchises. Yet the He-Man reboot opened to 19.6 million hours (from a Wednesday five-day opening instead of just one weekend), on par with Hoppers on Disney+ (19.4 million). It put up nearly 47 million hours over its first six weeks, bigger than all of Netflix’s summer releases. Pretty darn healthy and likely to land among the 25 most-watched movies on streaming this year. Sticking with Amazon, The Sheep Detectives just barely broke even at the box office with $133 million worldwide (and only $66 million domestic). I never expected cloven-hooved, cud-chewing mammals to be able to bring me to tears. Yet that’s exactly how I found myself at the end of this surprisingly affecting movie (#NoShame). It was likely the unexpected quality in a family-friendly film that powered its streaming over-performance. Sheep Detectives delivered a solid run for Prime video netting 26.2 million hours! How about franchise IP? Star Wars: The Mandalorian & Grogu had the lowest opening ($81 million) and lowest-grossing Disney-era live-action Star Wars film ($178 million domestic). One day before release, its Heat score (19.8%)—audiences who list their interest as a 7/7—fell behind blockbusters Wicked (21%), Superman (23%), Fantastic Four: First Steps (23%), Michael (23%), Toy Story 5 (26%) and Avatar: Fire and Ash (27%), according to Greenlight Analytics. The urgent enthusiasm just wasn’t there. On streaming, Mando opened to weeks of 12.1 million, 6.1 million and 2.7 million hours (21 million total) over its first three frames. Not the numbers Lucasfilm was hoping for nor the numbers of a streaming hit. But they’re in the same vicinity as some Netflix summer releases with $345 million at the global box office to offset a smidgen of the pain. Final Thoughts So why oh why does this nuance gap exist? Four key reasons: Data Literacy: A “$100 million opening” just makes sense. After decades of box office reporting, even casual movie fans are well-versed in the benchmarks of hits and home runs. There’s an immediate shorthand. But “16.5 million” hours doesn’t land nearly as cleanly. Despite leaps of progress, the streaming ratings era is still in its infancy compared to theatrical. The EntStrategyGuy and I met thanks to a late 2010s group chat of data nerds hungry to find a shred of certainty in nebulous streaming performance. I’m not surprised to see “No. 1 on Netflix” still getting misconstrued out in the wild. Timing: By Friday morning, we have the box office’s Thursday night previews totaled, allowing us to better project the weekend’s expectations. From there, ticket sales are reported daily. By Sunday, the film’s fate is usually finalized, at least in terms of public perception. In streaming, Nielsen recently improved its delay to…two weeks. The medium isn’t forced to contend with instant gratification as harshly. Financials: Theatrical film budgets are a mere Google away. Profit and loss is calculated in the cold and unforgiving naked light of day for all to see. But finding the vast majority of streaming exclusive movie budgets requires the forensic investigation skills of a Criminal Minds detective. Also, it’s very difficult to calculate how much revenue/value a straight-to-streaming films provides a streamer. This is why there are so few stories about streaming original movies “losing X amount of money”. On top of that, marketing budgets are far greater for theatrical movies than streaming exclusive movies, which leads to earlier and better awareness. This then translates to a wider pool of potential interest. Narrative Control: Netflix is the only major streaming service to publish weekly first-hand viewership data and annual engagement reports. Naturally, some headlines borrow their first-hand framing**.** Other streamers benefit from their comparative lack of transparency. They may occasionally announce vague performance platitudes such as Apple TV’s Mayday becoming its “biggest film debut on the platform to date over its first 18 days,” and that it ranked No. 1 with left-handed viewers in its first weekend. (Fine, I made up that second one). But, for the most part, they keep first-hand viewership shrouded in mystery to avoid bad press. Especially for outlets that demand multiple articles per day from their writers, it’s an easy (and understandable) way for some reporters to hit their daily article quota by just repeating what the streamers have told them. TL:DR version: Streaming-exclusive movies are asked to do different things than theatrical movies, but that doesn’t mean they should escape judgment. Both still need to draw enough eyeballs to justify their cost within the proper performance contexts. The more cleanly we can inject a little nuance into streaming analysis, the better we’ll understand the audience and content trends that drive this industry. And that’s what all of this is really about: knowing what audiences actually want! Brandon Katz is the Director of Insights & Content Strategy at Greenlight Analytics where he focuses on evaluating the ever-fluid media landscape to unearth understanding, opportunity and value. Greenlight Analytics is the entertainment intelligence consulting company redefining how Hollywood finds, understands, and activates audiences. Prior to joining Greenlight Analytics, he served as the senior entertainment industry strategist at Parrot Analytics, and as a full-time entertainment industry reporter covering the Xs and Os of Hollywood, most notably with TheWrap and the Observer.
Time for term limits? Dems in majority could have familiar faces in key roles
Democrats hope to bring a new agenda to the House next year if they take the majority, but they will most likely do so with many of the same faces that have steered their party's legislative work for a decade or more.
Ruiz Bill Requiring Social Media Services As Part Of State’s Small Business E-Commerce Program Adv.
TRENTON – To support small businesses, the Senate Economic Growth Committee advanced legislation sponsored by Senate Majority Leader M. Teresa Ruiz that would require social media developme
Majority of brands lack confidence in sports sponsorship as business driver
The IPA and Sponsorship Effectiveness Forum recommend following three principles to track commercial performance.
Lib Dem MP quits frontbench job over Ed Davey's leadership
Deputy party leader Daisy Cooper says the vast majority of our MPs support Ed... and are furious at this distraction."
From doomscrolling to defiance - how do Man City fans feel?
With Manchester City found guilty of the majority of 115 charges against them, how are their fans feeling?
Speaker Johnson Floats Leaving Politics to Start ‘Lawn Business’ If GOP Loses House
House Speaker Mike Johnson (R-LA) floated an unexpected career change if Republicans lose their House majority in next month’s midterm elections, saying he would be willing to leave politics behind and start a lawn business in his hometown of Shreveport, Louisiana.
Speaker Johnson Floats Leaving Politics to Start ‘Lawn Business’ If GOP Loses House
House Speaker Mike Johnson (R-LA) floated an unexpected career change if Republicans lose their House majority in next month’s midterm elections, saying he would be willing to leave politics behind and start a lawn business in his hometown of Shreveport, Louisiana.
Johnson unsure on ‘next chapter’ if Republicans lose majority
House Speaker Mike Johnson (R-LA) cast doubt on his future in GOP leadership for the first time Thursday, saying he is unsure “what my next chapter of life is” if Republicans lose the House majority. “If God moves on our hearts and says we should, you know, go back to my hometown of Shreveport and […]
Justice weighs political future, talks Senate control
RAVENSWOOD – U.S. Sen. Jim Justice has enjoyed being in the Republican majority in the U.S. Senate, but the November midterm election could see control flipped to the Democratic Party
The states that aren’t cooperating with Democrats’ Senate majority hopes
Democrats’ path to the Senate majority is improving. In fact, recent polls have shown the party leading in three states that President Donald Trump carried by double digits in 2024: Alaska, Ohio and Texas. Democrats need at least two of those to win the majority.
35% of Sony’s Wolverine launch sales were the disc version, data suggests
The majority of Wolverine launch sales were physical in Europe…
Democrats, with House majority, would go big on healthcare
House Democrats are promising immediate action on healthcare next year if they flip control of the chamber in the midterm elections. Party leaders say health costs are a foremost priority of their …
Trump choosin' Texas in bid to save GOP majority in Congress
The president's visit to San Antonio is his 4th stop in Texas in 6 weeks. The visit fulfills a promise he made in August to help Republican U.S. Senate candidate Ken Paxton win in November.
Thune presses Trump for more funding toward battleground races red
Senate Majority Leader John Thune (R-SD) on Monday revealed he is pressing President Donald Trump for more funding toward battleground races in the midterm elections, as Republicans fight to stave off losses in November. Thune said that he’s been emphasizing the question of resources for candidates during conversations with Trump and the president’s advisers, in […]
Rating the Governor Races: The States Where Democrats Are Poised for Victory
Election Day this year will determine who holds the keys to influential executive mansions across the country. Thirty-six states have gubernatorial contests on the ballot, and the results in November will determine whether Democrats control a majority of the nation’s governorships for the first ...
Rating the Governor Races: The States Where the GOP Is Poised for Victory
Election Day this year will determine who holds the keys to influential executive mansions across the country. Thirty-six states have gubernatorial contests on the ballot, and the results in November will determine whether Democrats control a majority of the nation’s governorships for the first ...
Brazil: Lessons from a Disaster
By Antonio Martins (Outras Palavras) Defeats become deeper and more prolonged when we misunderstand what caused them, avoid correcting course, and embrace “solutions” that only compound our mistakes. Lula’s government and the Brazilian left suffered a disaster in Sunday’s election. Contrary to every poll, the president finished the first round 2.2 million votes behind Flávio Bolsonaro—and, more significantly, 3.4 million votes below his total four years ago, when the machinery of the state was working against him and in favor of his opponent. His vote share declined in 98 percent of Brazil’s municipalities. The PL, the main party of the far right, elected 121 deputies and 28 senators, becoming the largest caucus in both houses of Congress. The parties aligned with the Centrão—Brazil’s bloc of transactional center-right parties—were somewhat diminished, but will still hold roughly 250 seats in the Chamber of Deputies and 35 in the Senate. That will make it easier to assemble the majorities needed to amend the Constitution or impeach Supreme Federal Court justices. If elected, Flávio Bolsonaro could appoint four members of the Court, substantially altering its internal balance of power. What produced these results? How can the far right be prevented from consolidating them into a prolonged political hegemony? And what is the essential change of direction the left now needs? Explaining the Disaster Across the commercial media and the exuberant chaos of digital platforms, interpretations are multiplying. Some focus on specific episodes: Lula’s absence from the Globo debate, his very close relationship with Alexandre de Moraes, or his emphasis on issues supposedly remote from most people’s everyday concerns, such as rare earth minerals. Among the more systemic interpretations, three seem especially questionable. One argues that the principal defeat was not the left’s, since its congressional representation declined only slightly. The decisive movement captured at the ballot box, according to this view, was a shift within the right itself—from the more moderate and transactional forces of the Centrão toward the more ideological and radicalized forces of the PL and Novo. A second interpretation holds that the nature of electoral and political processes has changed. The material interests and aspirations of society, it argues, no longer play the central role they once did; they have given way to forms of subjective self-identification that the left has yet to understand. And a third concludes that, because of these two developments, we should expect a political winter: a prolonged period in which the far right and the broader right dominate Brazilian political life. There are important elements in all three interpretations. The problem lies in what they deny or leave out: Lula’s third government was a small-bore government. It offered the majorities that elected it neither a clearly better life nor reasons to believe again in politics and its power to transform society. These failures flowed from two fatal accommodations, which I will examine below. As a result, the government suffered a slow but steady erosion of support. And, as has happened in so many Western countries, it gave the far right the opportunity to present itself as anti-system and to benefit from popular frustration and distress. The interpretation that emphasizes the migration of votes from the center-right and traditional right toward the far right has been advanced, among others, by the courageous journalist Leonardo Sakamoto. In his UOL column on Monday, October 5, he highlights the miserable behavior of the traditional conservative parties. Over the past four years, they repeatedly joined forces with the “neo”-fascists, helping to “normalize” them—a criticism that could equally be directed at almost the entire corporate media. Believing they could use the far right as a stepping stone, they instead ended up partly devoured by it. This was especially true in the Senate, where the PL’s gain of 13 senators and Novo’s gain of two came at the expense of the PSD, which lost nine; the MDB, which lost two; the PSDB, which lost two; and the PP, which lost one. Sakamoto’s observation is accurate and necessary, but it leaves uncomfortable questions unanswered. Why did the erosion of the Centrão benefit the far right rather than, for example, producing growth for the left—as has happened so many times before, both in Brazil and elsewhere? The answer is not difficult. Throughout its four years in office, Lula’s third government was almost invariably associated with the Centrão. Here lies its first accommodation: accepting the limits imposed by conservative institutions; avoiding, as much as possible, any attempt to strain those limits through popular pressure; and believing only in the modest changes that could be squeezed through openings in Congress. The failure of the campaign to end the six-day workweek is emblematic. Lula could have electrified the presidential race by pairing it with a popular campaign for passage of the measure. Instead, he chose to place his hopes in the hands of Senate president Rodrigo Alcolumbre. He generated no mass mobilization, did not force his opponents onto an uncomfortable defensive, and won no victory. In September 2025, the government squandered the greatest of its many opportunities to shake up conservative power in Congress. Popular opposition to the so-called Shielding Amendment—which, if approved, would have restricted criminal proceedings against members of Congress—brought crowds into the streets, mobilized primarily by artists and social movements. This opened the possibility for a broader political education: a campaign that could begin exposing the limits and dysfunctions of Brazil’s political system while putting Bolsonaro’s movement on the defensive for its predictable support of political privilege. The amendment was defeated. But the executive branch then backed away from the fight. It remained associated with an institutional world widely seen as corrupt, elitist, and indifferent to ordinary people’s struggles. In doing so, it forfeited its credibility as a vehicle for the protest vote. On Sunday, it reaped the bitter fruits. Are We Doomed? Taking a different approach from Sakamoto, the philosopher Moysés Pinto Neto and other writers have drawn attention, in their first analyses of October 4, to the fragmentation of the public sphere produced by Big Tech platforms. Through their algorithms, these platforms present each person with a different view of social reality. As a consequence, it becomes much harder to identify common material problems and demands—for example, the fight for labor rights or for a properly funded public health system. Voters no longer embrace such demands, these authors argue, because they no longer see themselves as part of a collective. Instead, they tend to value the identities assigned to them by neoliberal subjectivity—the role of the entrepreneur, for example. On this interpretation, the left’s possible error lies in clinging to outdated illusions. Moysés’s warning is highly relevant and resonates with arguments such as Naomi Klein and Astra Taylor’s “Apocalyptic Fascism and the Billionaires’ Bet.” Unlike a century ago, the far right no longer promises a radiant future. It concentrates instead on resentment—especially that of young men. “They belong to a generation that fears it may never own a home, but compensates with the pleasure it gets from constantly provoking progressives online. Convinced their future has been stolen, they share memes romanticizing historical authoritarian regimes,” the authors write. But Moysés seems to confuse this danger with inevitability. He fails to see that the left’s answer cannot be adaptation. On the contrary, it must strengthen the possibility of politics as collective action. Nor does he recognize that precisely such a reversal is already becoming possible in some of the most promising mobilizations of the twenty-first century: the election, at the end of 2025, of the young Muslim Zohran Mamdani as mayor of New York, on a platform centered on the intensely material fight for an affordable city; the Left Party’s victory in Berlin two weeks ago, built around the demand to expropriate private real-estate corporations; and the very recent wave of demonstrations in Spain—including an occupation of Madrid’s Puerta del Sol—in which tens of thousands of young people mobilized by the Tenants’ Union have demanded limits on rents. By putting itself in the straitjacket of the “fiscal framework” in the first months of 2022, Lula’s third government adopted the second fatal accommodation of its term. Faced with conservative institutions and a country devastated by four years of Bolsonaro, increased public investment was the government’s remaining weapon for offering a more dignified life to the majority and forging an anti-conservative pact with them. The same state that disburses 1 trillion reais a year to enrich a small class of rentiers could instead spend money to extend the Family Health Strategy to every Brazilian, at a cost of 30 billion reais; provide full-day public schooling and childcare to all adolescents and children—and, especially, relief to their mothers; achieve universal sanitation while cleaning up polluted urban rivers; multiply metro systems; begin transforming the urban peripheries; and undertake many other urgently needed projects. In April 2023, an article in Outras Palavras warned that the fiscal framework could “shrink the Lula government and preserve the forces that condemn the country to inequality and regression.” A year later, another article showed that restraints on public spending were strangling policies vital to ordinary people and undermining the president’s popularity. In November 2024 came a reality check, in the form of the government’s humiliating defeat in the municipal elections. Even then, the fiscal lock was neither removed nor loosened. On the contrary: throughout the government’s four years, fiscal restraint remained central to its political narrative. The administration proudly proclaimed that it had “put the state’s accounts in order,” without grasping either how misleading that phrase was—given the payment of 1 trillion reais in interest—or how badly the message was hurting it politically. Lula finally woke up in September 2026. The increase in Bolsa Família benefits, after four years of being frozen; the announcement that anti-obesity drugs would be offered through Brazil’s public health system; and the ban on online betting showed that the state has the power to act decisively on behalf of the majority when those in government are willing to confront obstacles. The huge marches that closed the campaign in Fortaleza, Salvador, Rio de Janeiro, and São Paulo on the eve of October 4 showed how such initiatives can mobilize activists and the broader public. But it was too late—and too little to change the outcome of the first round. History has not ended The possibility of a turnaround in the three weeks leading up to November 25 cannot be ruled out. It will not be simple or easy. Lula must not only make up a deficit of 2.2 million votes; he must also offset the movement of voters who backed other right-wing candidates in the first round, most of whom are likely to move toward Flávio Bolsonaro. Pulling that off will require a broad, grassroots effort to win over voters, potentially reinforced by new initiatives from Lula. The coming hours and days will be decisive. If Bolsonaro’s movement also wins the presidency, the result will create a high-risk situation for Brazilian sovereignty and democracy. The enormous challenges posed by such an outcome would require the left to reexamine, in depth and with a genuine willingness to engage in self-criticism, its political projects—or its lack of them—and its practices. But would that mean we are condemned to the long winter of far-right hegemony that some analyses are beginning to forecast? It is far too early to say, suggests a recent text by Álvaro García Linera, the thinker who served as vice president of Bolivia under Evo Morales. His central hypothesis is that this political current will prove short-lived. At a moment when the entire world is once again talking about sovereignty and protecting national economies, the far right offers a stale, recolonizing neoliberalism. Its submission to the United States is as blatant and pathetic as Flávio and Eduardo Bolsonaro’s overtures to Donald Trump. Its project amounts to something like every man for himself: greater inequality, capitalism without limits, devastation, and supremacism. Will it work? In the United States, just two years into his second term, Trump himself is reaching record levels of unpopularity and may be on the verge of losing Republican control of both the House and Senate in November. Every new beginning is difficult. Whatever the outcome of the second round, the defeats of October 4 show how profoundly the Brazilian left will have to rethink and rebuild. But just as it would be foolish to underestimate the seriousness of its mistakes, it would be equally foolish to conclude that rebuilding a political project is no longer possible. History has not ended. The times are moving faster than ever. Originally published in Portuguese by Outras Palavras. English translation by Eric Blanc; I’ve added the subtitles. More We can’t stop the far right at home or abroad without a revitalized labor movement, which is yet another reason why you should become a sustaining supporter of the Emergency Workplace Organizing Committee (EWOC) — one of US labor’s pivotal bright spots. Relatedly, Jacobin published a short piece of mine reflecting on a decade of Bernie Sanders inspiring a whole new generation of young worker organizers.
Northern Virginia business leaders grow more pessimistic about the national economy, survey finds
One in five respondents is based in Alexandria. A majority said data centers are good for the region's economy.
Democrats could win majority of governor’s offices for first time in 16 years
As the political prospects for Republicans worsen ahead of November’s midterm elections, the GOP is increasingly playing defense over its yearslong grip on state governments. That’s particularly true for gubernatorial elections, as Democrats could win a majority of governorships for the first time since 2010. Currently, Republicans boast a 26-24 gubernatorial advantage over Democrats. This […]
Kansas' 3rd Congressional District: What to know about the candidates running in November
Republican Eric Jenkins and Libertarian Steve Hohe are attempting to unseat Democratic U.S. Rep. Sharice Davids in Kansas’ 3rd Congressional District, which covers the majority of the Kansas City suburbs.
Majority of Northern Virginia business leaders give data centers thumbs-up
A majority of surveyed business leaders now believe data centers will have a positive impact on the regional economy in Northern Virginia.
Bolsonaro and Lula head to a runoff in Brazil's presidential election
Sen. Flávio Bolsonaro, an ally of President Donald Trump, and Brazil’s incumbent President Luiz Inácio Lula da Silva will face off in a runoff Oct. 25 for the top job of Latin America’s powerhouse economy after neither won a majority in Sunday's vote.
Serb nationalist Milorad Dodik credits 'vast majority' to Trump, Putin
Pro-Russia Serb nationalist politician Milorad Dodik – who is serving a six-year ban from holding public office for defying rulings of Bosnia’s international envoy and Constitutional Court, claimed victory on Sunday, saying his party would hold a “vast majority”.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
A growing number of House Republicans privately believe they won’t win the House
Four weeks to Election Day, a growing number of House Republicans privately fear their chances of holding onto the majority are vanishing and have begun focusing on how to limit the size of a potential Democratic wave.
Fiery crowd caps Mississippi redistricting hearings. Opponents urge: ‘Leave our maps alone’
Tempers flared Thursday at a packed redistricting hearing at the Mississippi Capitol, where a large majority of speakers criticized what they said was a power grab aimed at diminishing Black political power and further entrenching Republican dominance over state politics.
Leading GOP Senate PAC pauses spending on NC candidate Michael Whatley
In a blow to Republican Senate candidate Michael Whatley, the leading PAC to maintain the Republican majority withdrew from his campaign, while other North Carolina Republicans find their races at risk.
AP report: Senate Republicans move cash from North Carolina to Kansas as battle for majority shifts
The moves offer a stark sign of how dramatically the Senate map has shifted just a month before midterm elections that will determine control of Congress.
Schumer vies for the Senate majority in a looming leadership headache
Only one thing could put a damper on a good election night for Sen. Chuck Schumer (D-NY): the arrival of Senate nominees who, if successful in November, have vowed to oppose him as Democratic leader. Schumer told reporters this week that he will run for another term as the top Senate Democrat, and that he […]
Raine Group Close to Sale of Majority Stake in Ron Howard and Brian Grazer’s Imagine Entertainment
Raine Group is selling its majority stake in Ron Howard and Brian Grazer's Imagine Entertainment.
Senate Majority Leader Erin Murphy Responds to Health Insurance Rate Increases
SAINT PAUL, Minn. – On Thursday, the Minnesota Department of Commerce announced the health insurance rate increases facing Minnesotans next year. For 203,000 consumers who purchase insurance on the individual market, rates will increase between 9.9 and 21.1 percent; for 184,000 Minnesotans who are insured on small group market plans, rates will increase between 10.6
Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows
A majority, 65%, of U.S. adults now blame Trump’s policies for persistently high costs more than factors outside of his control, signaling growing weariness over his aggressive use of tariffs and continued unhappiness with the war with Iran.
10 Democrat-held House seats Republicans could flip to save their majority
President Donald Trump's margins in redrawn districts fuel Republican hopes of flipping 10 Democratic House seats in the battle for Congress.
‘Mega-Industrial’ Trawlers Threaten Europe’s Ocean Health
Europe’s floating factories make up just one percent of the fleet but catch more than half the fish—and they cause the majority of environmental damage.
Political analyst on Trump's campaign stop in reliably red Oklahoma
NPR's Steve Inskeep speaks to political analyst and columnist Ron Brownstein about President Trump's pre-midterm campaign visit to the Republican-majority state of Oklahoma.
AI safety measures widely backed by most Americans, poll finds
WASHINGTON — A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology,
Senate GOP campaign chief says ‘cash is king’ as Trump team promises millions to keep majority
WASHINGTON (AP) — The Senate Republican campaign chairman said Wednesday that President Donald Trump's team has assured senators “money will not be our problem”
Employers increasingly tie digital health payments to outcomes, PHTI survey finds
Performance-based contracting is becoming the norm for digital health solutions, with the majority of employers and health plans tying vendor payments to clinical and financial outcomes, according | The report drew insights from 321 digital health professionals responsible for purchasing across health plans, employers and health systems.
A New Era For Professional Sports And Entertainment In Seattle, A Fireside Chat With Samantha Holloway
”The structure had a soul,” Samantha Holloway, majority owner and managing partner of One Roof Sports and Entertainment, said of Climate Pledge Arena during