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Mexican Mafia member found dead in California state prison cell
Richard Buchanan, a reputed Mexican Mafia from the San Diego area, died in prison Tuesday morning, authorities said. Guards found Buchanan unresponsive in his cell at Kern Valley State Prison,
Candid Candace: Magic Johnson shares business lessons and basketball memories at World Business Chicago gala
Magic Johnson shared stories about Michael Jordan, Richard M. Daley and his business career at World Business Chicago's annual gala at the Field Museum.
UAB opens Shelby Biosciences Research Building to advance health
UAB has opened the Shelby Biosciences Research Building, an eight-story facility named after former U.S. Sen. Richard Shelby, aimed at supporting health research and creating new jobs.
Richard Riehle, prolific character actor from 'Office Space' and 'Bridesmaids,' dies at 78
LOS ANGELES — Richard Riehle, a prolific character actor who portrayed Tom Smykowski, the product manager with "people skills" in Mike Judge's cult classic, "Office Space," has died. He was
'Office Space' star Richard Riehle dies at 78
Actor Richard Riehle arrives at the premiere of New Line Cinema's 'A Very Harold & Kumar 3D Christmas' at Grauman's Chinese Theatre on November 2, 2011 in Hollywood, California. (Jason Merritt/Getty Images)Richard Riehle, known for his role in the 1999 film Office Space, has died. He was 78.A statement shared by Artists & Representatives and Wright Entertainment, Inc. announced Riehle's passing on Monday, writing, "Our industry has lost an exceptional talent, and our community has lost a truly wonderful man.""We are deeply saddened to confirm the passing of our beloved client, Richard Riehle, this past weekend," the statement said. "A remarkable actor whose career in theater, film, and television spanned nearly five decades and more than 400 projects, Richard leaves behind an extraordinary legacy."The statement continued, "Beyond his immense talent, he will be remembered for his genuine goodness, boundless kindness, and unwavering generosity, particularly toward emerging actors and filmmakers, whom he encouraged and supported at every opportunity."Born on May 12, 1948, Riehle starred in many television series and films over the years.Notable projects include Casino, The Man from Earth and Deuce Bigalow: Male Gigolo.He got his start as an actor at the University of Notre Dame, where he was involved in the University Theatre and starred in several stage productions. He went on to earn a Master of Fine Arts in acting and directing from the University of Minnesota.While he's played characters that have an "average Joe" presence, he always made the most of his brief screen time.Some roles that he is remembered for include The Quartermaster in Glory, the train guard in The Fugitive, Reverend Scroggins in Fried Green Tomatoes and Bill Cozbi in Bridesmaids.On television, he starred as Principal Ed Rooney in the 1990 series Ferris Bueller and as grandfather Walt Finnerty in the early 2000s sitcom, Grounded For Life.In 2023, he also played Warden Reynolds in Barry.Riehle is survived by his wife, Jane Latham, and their four children.Copyright © 2026, ABC Audio. All rights reserved.
Richard Riehle, 'Office Space' character actor, dies at 78
Richard Riehle, the versatile character actor best known for his roles in "Office Space" and "Grounded for Life," has died. He was 78.
Richard Riehle, dependable TV and film character actor who was in ‘Glory and ‘Office Space,’ dies
He often played authority figures but was equally skilled at comedy.
Richard Riehle, dependable TV and film character actor who was in ‘Glory’ and ‘Office Space,’ dies
Beloved character actor Richard Riehle has died at 78.
Richard Riehle, actor in 'Glory' and 'Office Space,' dies
Beloved character actor Richard Riehle has died at 78
Richard Riehle, dependable TV and film character actor who was in 'Glory and 'Office Space,' dies
Beloved character actor Richard Riehle has died at 78. Wright Entertainment Inc. announced Monday that Riehle died on Oct. 15. Riehle's career spanned nearly five decades, with memorable roles in...
Richard Riehle, dependable TV and film character actor who was in 'Glory and 'Office Space,' dies
Beloved character actor Richard Riehle has died at 78.
Richard Riehle, prolific character actor known for roles in 'Office Space' and 'Casino,' dies at 78
Riehle's signature mustache and warm persona made him a regular staple in TV and film throughout his nearly 50-year career.
Salazar Accused By City Of Manufactured Dispute To Tank Entertainment District
by Glen Richardson Cities in Colorado are finding that entering into a seemingly binding contract with a developer to construct a critical downtown project does not mean it will ever, in fact, be done. The City and County of Broomfield entered into a $300 million agreement in 2019 with developers to construct a Broomfield Town […]
Richard Riehle, 'Office Space' actor with iconic mustache, dies at 78
Richard Riehle, the versatile character actor best known for his roles in "Office Space" and "Grounded for Life," has died. He was 78.
Liverpool want move for £60m Premier League star
Richard Hughes left Liverpool with a lot of work to do to their team. Even though the Reds' former sporting director managed to spend way over £600 million during his time with the Anfield outfit, th...
Who funded Nebraska Working People, America First parties? Law doesn’t require disclosure.
Nebraska law doesn’t require new political parties to disclose their finances until they are qualified to have candidates on the ballot.
Netflix co-stars bring Hollywood ambitions to The Rock
Close to signing on the dotted line, American actors Richard Lawson and Ricco Ross are primed to begin shooting film and television projects on The Rock soon for their separate production companies.
R.I. Health and Human Services head to replace Roger Williams, Fatima hospitals CEO
Revolving door? Richard Charest’s jump from government to industry raises ethics questions.
Ojeda wants to end Iran War, improve economy and affordable healthcare
Richard Ojeda chats about the campaign trail, the war in Iran and much more as the challenger gets ready for the final sprint to election day.
Prichard finance committee meeting raise questions about employee health insurance and potential pay
During Thursday’s finance committee meeting, a committee member questioned Mayor Carletta Davis about confusion surrounding the city’s health insurance plan with Blue Cross Blue Shield.
Prichard finance committee meeting raise questions about employee health insurance and potential pay increases
Prichard finance committee meets as city budget runs more than two weeks overdue
U.S. Rep. Richard Hudson confident in his record
Washington correspondent Reuben Jones had the opportunity to speak with the incumbent Republican in that race, U.S. Rep. Richard Hudson.
Prichard Senior Center, Housing Authority host senior health fair
Wednesday's event offered flu shots and wellness information for seniors.
Legendary FPS level designer Richard "Levelord" Gray passes away at 68
Tributes pour in for the man behind iconic Duke Nukem 3D levels and much more.
Netflix Layoffs
FILE - The Netflix logo is displayed on the company's website on Feb. 2, 2023, in New York. (AP Photo/Richard Drew, File)
Heat has decision to make on center Nick Richards. What it means for both parties
Will center Nick Richards be on the Heat’s opening night roster?
Report: Virginia Tech’s next president coming from Kansas State
Virginia Tech is expected to name Richard Linton, Kansas State University's president, to be its next president.
SPECIAL REPORT: Tough Business
A string of vacant restaurant buildings shows that many restaurants in the region are struggling — and several are closing By Stefan Yablonski [caption id=attachment_11132 align=alignright width=401] Smokey Bones Bar & Fire Grill on Route 31 in Clay closed its doors in April. It had been in operation since at least 2008.[/caption] By their nature, most restaurants have a limited life. An astonishing 60% go out of business within three years of opening, largely due to fundamental flaws in the planning of the operation. But even restaurants that experience years of success almost always face eventual closure. The restaurant business is very hard and because of both personal factors and external factors beyond anyone’s control, restaurants don’t last forever. For many restaurants, age is a big factor, according to Kenneth Walsleben, professor of practice, entrepreneurship and emerging enterprises at Syracuse University. “The owners have been at it for 20 or 25 years, if not longer, they want some time to themselves,” he said. Such was the case for Jocko’s Famous Ritz Diner in Oswego. Jocko Reitz bought the building in the late 1970s from Robert Shapiro. However, when he stepped away from the business, it eventually closed. [caption id=attachment_11142 align=alignright width=402] For nearly 80 years, Vona’s Restaurant passed through three generations of family in Oswego. It closed its doors on Dec. 31, 2025.[/caption] For nearly 80 years, Vona’s passed through three generations of family in Oswego. Vona’s Restaurant officially closed its doors on Dec. 31, 2025, when no family member wanted to take over. It is on the market. The Ruby Tuesday in Oswego operated for about two decades before permanently closing in April 2026. The restaurant faced multiple temporary health department closures in 2024 and 2025 due to persistent fruit fly and foundation pest issues. Management posted a final closure notice on the doors in mid-April 2026 and the building was put up for sale. The same pattern has been happening in Onondaga County. The big building once used by Smokey Bones Bar & Fire Grill on Route 31 in Clay remains empty, more than six months after the restaurant closed its doors in April. It had been in operation since at least 2008. [caption id=attachment_11130 align=alignright width=401] Ruby Tuesday in Oswego operated for about two decades before permanently closing in April 2026.[/caption] Just down the road from Smokey Bones, the popular Outback Steakhouse closed in August 2024. Another restaurant took its place, La Cocina Mexican Restaurant, but it closed shortly after. The building sits empty. Other very popular restaurants in the northern suburbs of Syracuse have recently closed. Among them, Fireside by the River in Baldwinsville and Primo Nestico’s Bistro Bar in North Syracuse. “I haven’t really paid attention to the Syracuse area. There has always been some turnover, but there probably has never been a tougher time to be a restauranter than now. It’s just brutal,” Walsleben said. In the first year, roughly 20% to 25% of restaurants close or change hands, according to the National Restaurant Association. [caption id=attachment_11122 align=alignright width=401] Outback Steakhouse closed in August 2024. Another restaurant took its place, La Cocina Mexican Restaurant, but it closed shortly after. The building sits empty.[/caption] “Depending on what statistics you look at, you’ll find that any business has a high mortality rate in the first year. That is just the nature of entrepreneurship,” Walsleben said. “There are certain ones that are getting hit hard while others are more fruitful. “And when you look at the restaurant industry you have to factor in labor which is a large part — typically a third of your expenses — and those costs are going up. And there is always turnover which means investing money to train people. Then you’ve got food costs, which is also a third of the typical restaurant budget. Since the pandemic labor has gone up 41%, food costs have gone up 35%. That’s a big tight squeeze righty there. That’s two-thirds of your budget that has gone up 35% to 40% in the last few years. And then the only way you can make that work is to raise the prices.” The National Restaurant Association reports menu prices are up 36% since February of 2020. In a survey released by the association, more than eight in 10 restaurant owners reported that their food, beverage and labor costs are now higher than before the pandemic. You have to deal with the reality of are the customers willing to pay for that? Walsleben added. Restaurants historically have very thin margins; their profit margin is about 5%. “You have a third that goes into food, a third that goes into labor and about 28%, 29% that goes into everything else — overhead, insurance etc. So that brings you down to your 5% leftover,” he said. “Everything is going up. Customer expectations are going up and people aren’t going to spend that much more. So, you have a tight squeeze here,” Walsleben continued. “Restaurants who use delivery apps, they pay a fee to those guys. Those guys don’t work for free. So, you can kind of see where the squeeze comes from.” Stuck in the middle There are pockets of opportunity; the two extremes of the market can make a profit. But the middle gets squeezed out. “If you are a low-end fast-food kind of place, there is room for that. People have changed their budgets. They are still going out, but they are not spending more,” according to Walsleben. “The high end remains positive. If you have a restaurant that brings a specific experience … a great food product or you are catering to high end customers who aren’t so budget conscious, those patrons are going to expect a high-end experience. They expect excellent food every time. They are expecting excellent service. If you can meet those expectations there is room for you at the top. It’s just the guys in the middle are getting the squeeze from both ends. Tough competition, customer expectations, costs are up. Menu items, you can’t raise the prices as much as you need to. That is why you are seeing a lot of restaurants baling out.” The ones that can adapt quickly are the ones who are doing OK. “Success is heavily dependent on the strength of a restaurant’s concept development and the planning of its execution. Eventually things aren’t always new. Things change. So, if you are in the restaurant business you have got to change your menu — keep things new, fresh and update your meals. It is very fickle industry. One year carbs are out, the next year berries are out. Everybody’s diet changes — constantly chasing the latest phase. You have got to adjust your menu and move with those modifications. If you have a static menu that you have used the last couple years that hasn’t changed except for the pricing, you’ve got a problem,” he said. A lot of times these buildings are singular purpose, he added. “You have a commercially viable kitchen and you got a seating area. There is not a lot of other businesses that cater to that type of a layout. So, it’s pretty common to see another restaurant slide in,” he said. One of the things a banker learns early on is you don’t lend money to restaurants … because they fail so quickly. It is very hard to predict who the winners will be. So, if you are a restaurant in addition to all the other challenges, it is very difficult to get loans, according to Walsleben. “You might work really well in the kitchen. But that doesn’t mean you are a great businessperson,” he said. “Restaurants can fail because the owner didn’t know how to manage things properly. There are a lot of challenges. “There is opportunity at the high end and the low end. But in the middle, that’s the death valley. There are just so many things working against you. You really need to have something that will pull people in and continue to pull people in because you to constantly have to change. Think about a theme and a product that is unique to the area people don’t travel that far these days you have to be able to deliver it in an innovative fashion and keep updating to keep people coming in the door.” Out of Business? How Fast? Do nine out of 10 restaurants fail in their first year, as commonly claimed? No. Survival analysis of 1.9 million longitudinal microdata for 81,000 full-service restaurants in a 20-year U.S. Bureau of Labor Statistics non public census of business establishments in the western US shows that only 17% of independently owned full-service restaurant startups failed in their first year, compared with 19% for all other service-providing startups, according to ResearchGate. The median lifespan of restaurants is about 4.5 years, slightly longer than that of other service businesses (4.25 years). However, the median lifespan of a restaurant startup with 5 or fewer employees is 3.75 years, slightly shorter than that of other service businesses of the same startup size (4.0 years). What Makes a Restaurant Successful? Opening and maintaining a successful restaurant is not as easy as creating a great menu and serving excellent food. It takes more than that, according to local restaurant owners who have been in business for decades in the region. They all agree that there are some guidelines to running a successful restaurant. • Quality food: Successful restaurants know exactly what they serve and who they serve it to. Delivering the same great taste every single time builds loyal customers. • Smooth operations: Friendly greetings and attentive staff make guests feel welcome from the moment they walk in. Hiring staff for personality and training for skill ensures reliable, caring service. • Smart marketing: Exceptional food and experiences naturally get people talking and sharing online. Word of mouth can help entice customers. Consistent social media and targeted advertising brings in new and repeat guests also. The menu is what keeps patrons coming back to Mimi’s Diner in Fulton, located at 201 N. Second St. “We locally source our produce and our meats. Our chicken and biscuits is a popular, popular special,” said Richard Tagliareni, the third-generation owner and general manager. “It’s all homemade. We have consistently served quality food.” His grandfather started the business more than 55 years ago. Mimi’s is engrained in the community. They cater to the community and are very involved in everything from the schools to local events. The first Mimi’s Drive-In opened in Mexico. Then a second in Oswego and then Fulton. Fulton’s Mimi’s is the only one left. “The last couple of weeks have been kind of slower than normal. October is usually a busier month for us People will start coming back around again. Also, the price of gas is affecting some things,” Tagliareni added. “We try to keep our prices in line. You go out to eat, you’re going to spend about a hundred bucks or so for two people for dinner. You come here to Mimi’s you are probably for two people for dinner it’s between $50 and $60. We are trying to keep our prices in line. We did have to increase our prices a little bit but things are looking OK.” For the Press Box, 29 E. First St., Oswego, it’s also about great food and a family atmosphere. “Our sports bar and restaurant was established in 1984,” said Alison Canale Scanlon, manager. “I think putting the time into everything makes a big difference and treating people like family when they walk into your restaurant. That’s how we have always operated since 1984.” “It’s the family oriented aspect,” she added. “Consistency, quality and presentation of our food — that’s the secret to a successful restaurant. We try to be very consistent with it. We treat people like family when they come in; because we know how we want to be treated when we go to a restaurant. We treat people the same or better.”
Finding Renée Richards: the complicated past and present of a trans sports pioneer
A new book explores the story of the tennis player who sued to play in the US Open after transitioning and, fifty years later, supports bans on trans athletes
Politics Chat, October 13, 2026
A newsletter about the history behind today's politics.
Famous And Innovative Duke Nukem, Quake Level Designer 'Levelord' Has Died
News of Richard Gray's death was shared online by his wife
Liverpool must learn from Richard Hughes' mistakes
Although he only spent two full seasons at Liverpool, Richard Hughes oversaw some of the most historic moments in the club’s history. In the five transfer windows in which Hughes headed the recruit...
$20 million gift kickstarts Dartmouth Health’s home healthcare program
Richard Levy ’60 will donate $20 million in installments at his discretion and tied to expansion milestones over the multi-year rollout of Dartmouth Health at Home.
Jase Richardson Reflects on Orlando Magic's 'Sloppy' Preseason Loss
Orlando’s sloppy turnover troubles and Paolo Banchero’s shooting slump fueled a double-digit loss, prompting Jase Richardson to demand more physicality and poise before the regular season begins.
Sen. Richard Blumenthal likely to seek 4th Senate term in 2028: Haar
"Voters want the most energetic, passionate and effective person ... regardless of age. I am that person," Blumenthal said.
Coravin Symposium gives sommeliers the business advice they need
Business events in the wine industry are thin on the ground, so when Coravin announced it was to host a day dedicated to providing commercial insights and support for sommeliers the expectations were high. Thankfully those hopes were well and truly met at a highly successful inaugural event held at London’s Savoy Hotel last week. The Buyer’s Richard Siddle was there to not only analyse what was said, but helped chair the opening session on how data is now central to how wine lists are being pulled together - which was typical of the commercially focused issues covered during this much needed and well received day. Here he shares his key takeaways from what will hopefully become an annual fixture in any leading sommelier’s diary.
Brave, Brave, Brave, Brave Sir Richard
If I were an atheist, I would feel pretty discouraged about now by the New Atheist icon.
Backlash to Trump, RFK Jr. has scientists seeking office
Anti-vaxxers and attacks on the nation's public health system have spurred hundreds of doctors and scientists to seek office. In Sacramento, congressional hopeful Richard Pan is part of that wave.
Leam Richardson ‘Really Proud’ Of Reading’s Excellent MK Dons Win
The gaffer was a happy man after the Royals ran riot at Stadium MK.
Kyle Richards’ daughter Alexia reveals on “Special Forces ”she was ‘taken advantage of by a friend’
The “Real Housewives of Beverly Hills” star shared that neither of her parents know about the experience.
Two Orlando Magic Rookies Looking to Take Major Leap
After forging a bond through rookie adversity, Jase Richardson and Noah Penda embrace a competitive offseason to transform into consistent, two-way anchors for Orlando’s emerging rotation.
Hay Festival Dallas expands with books, music, politics
Hay Festival Dallas returns Oct. 15-18 at Wild Detectives and Texas Theatre. Participants include Bun B, Nikole Hannah-Jones and Richard Ford.
Push to increase access in N.Y. to mental health treatments
The announcement is in the wake of President Donald Trump’s April 2026 executive order accelerating medical treatments for serious mental illness.
I On Politics
ITALIAN HERITAGE CELEBRATION: On Thursday, October 8, 6-8:00 pm, Borough President Donovan Richards Jr. will host an Italian Heritage Celebration at the Helen Marshall Cultural Center at Queens Borough Hall, 120-55 Queens Blvd. For more information and to RSVP: www.queensbp.nyc.gov/ COMMUNITY BOARD 6 MEETING NOTICE: Community Board 6 will meet on Wednesday, October 14,
Why are out-of-state billionaires funding a California voter ID measure?
Packaging magnate and Illinois businessman Richard Uhilein and venture capitalists Cameron and Tyler Winklevoss are among the big spenders bankrolling California’s voter ID measure.
Big Brothers Big Sisters of Broward County and Henderson Behavioral Health Win Community Catalyst Award - Florida Hospital News and Healthcare Report
Ty Richardson, Interim President & CEO of the Greater Fort Lauderdale Chamber of Commerce; Vivian Demille, COO of Henderson Behavioral Health; Shari Thomas, Director of Youth & Family at Henderson […]
'Saved by the Bell' star Dennis Haskins' cause of death revealed
The cause of death for Dennis Haskins, an actor who played Principal Richard Belding across the 'Saved by the Bell' franchise, has been revealed. The sitcom star died Sept. 27 in Burbank.
Ohio Early Voting Begins With US Congress Control on the Line
By Richard Cowan MEDINA, OHIO, Oct 6 (Reuters) - Early voting begins on Tuesday in Ohio, where the winners of November's midterm elections will help determine whether Republicans or Democrats control the US Congress for the next two years, given the state has one Senate seat and two House seats ...
Students, politicians gather on Beinecke to protest Trump negotiations
On Friday afternoon, protesters marched to Beinecke Plaza, where they convened with Connecticut politicians, including Sen. Richard Blumenthal LAW ’73, to urge Yale administrators against settling a federal investigation into its admissions practices.
Ethan Hawke names surprising thriller co-starring ex Uma Thurman as his breakout: ‘Changed my life’
If you ask Ethan Hawke, it wasn’t ‘Dead Poets Society’ or ‘Reality Bites’ that gave him his big break — it was this under-seen, experimental thriller from a master of indie cinema that made him a star.
Sylvester Stallone details ‘physical’ altercation with Richard Gere on ‘The Lords of Flatbush’ set
Sylvester Stallone recalled his on-set tension with Richard Gere during the filming of ‘The Lords of Flatbush,’ which Gere later exited.
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.
Banner Supply marks 100 years in business
YOUNGSTOWN — Banner Supply Company celebrated its 100th anniversary with a celebration Sept. 25. The event was open to the public and was attended by many of Banner Supply’s regular customers and former employees. A family-owned provider of building materials, roofing supplies and construction products, the company has had a long history, with Richard William […]
Banner Supply marks 100 years in business
YOUNGSTOWN — Banner Supply Company celebrated its 100th anniversary with a celebration Sept. 25. The event was open to the public and was attended by many of Banner Supply’s regular customers and former employees. A family-owned provider of building materials, roofing supplies and construction products, the company has had a long history, with Richard William […]
Richard Hightower on Sam Roush's struggles on Bears special teams
Bears special teams coordinator Richard Hightower reacted to rookie tight end Sam Roush's struggles on special teams this season.
Vance embodies Nixon’s populist, outsider qualities
There have been countless comparisons between the late President Richard Nixon and President Donald Trump, due to their cunning, guile, and Machiavellian approaches to politics. Nixon himself, in a 1987 letter to Trump, a then-celebrity businessman, saw a political future for the younger man in response to a Phil Donahue Show television appearance. But there’s […]
Osage Beach aldermen review plans for entertainment district
COLUMBIA, Mo. (KMIZ) The Osage Beach Board of Aldermen is reviewing a bill that would allow the creation of entertainment districts. The bill would create procedures to apply for a special license for an entertainment district and set out regulations. Osage Beach Mayor Richard Ross told ABC 17 News that the bill would
Kyle Richards Shows Her Support for Morgan Wade As She Reflects on Her Health Journey
Kyle Richards showed her support for her friend, Morgan Wade, after the latter reflected on her health journey. Read on for more info.
Richard Lamondin releases snappy second TV ad touting business background, Tallahassee plan
The new ad launches 33 days before Election Day.
Seminoles Secondary Performing Well Despite Defensive Woes
While the Seminoles struggle with high-scoring losses and defensive rankings, standout playmakers Ja’Bril Rawls and CJ Richard Jr. provide a glimmer of hope within an embattled backfield.
With $20M gift, Dartmouth Health to launch institute and at-home primary care program
Richard Levy donated $20 million to Dartmouth Health and the Geisel School of Medicine at Dartmouth for the establishment of at-home primary care and palliative services and a Family Caregiver Institute to offer resources and train new members of the caregiver force.
'We will get through this together'
Former Manchester City boss Pep Guardiola has posted a message on social media following the news of his former club being found guilty of financial breaches. Guardiola led City to 17 major trophies, including six Premier League titles and a Champions League victory, during his 10-year reign at the club. Among reaction elsewhere, ex-City defender and academy graduate Micah Richards said he felt "absolutely devastated" after reading the Premier League's "damning" guilty verdict on the club's financial charges.
Ex-City star Richards 'absolutely devastated' amid calls for demotion
Former Manchester City defender Micah Richards says the Premier League’s damning verdict on the club has left him devastated and heartbroken. City were found to have engaged in an almost £1 billion ($1.
‘He Could Be a Cheaper Option’ — Sports Media Expert Theorizes ESPN May Be Planning to Replace Troy Aikman With 3-Time Pro Bowler
The longest-standing broadcast partnership in NFL history may be approaching a crossroads, and one media analyst has floated three-time Pro Bowler Greg Olsen as a possible option for ESPN if Troy Aikman departs. When Troy Aikman, the on-air partner of Joe Buck since 2002, revealed on the “Sports Media with Richard Deitsch” podcast that he has not signed a contract extension with ESPN, rumors swirled.
Politics Chat, September 29, 2026
A newsletter about the history behind today's politics.
Virginia CEO pay continues to shatter records
Virginia CEO compensation rose to record levels in 2025, led by Capital One's Richard D. Fairbank and DXC Technology's Raul J. Fernandez, reflecting strong equity awards.
Dennis Haskins of ‘Saved by the Bell’ fame, dies at 75
NEW YORK — Dennis Haskins, the actor who played the ever-exasperated principal Richard Belding on “Saved by the Bell,” has died, according to reports. His agent, Jay Schachter, confirmed the
With $20 million gift, Dartmouth Health establishes caregiver institute, at-home primary and palliative care
Richard Levy donated $20 million to Dartmouth Health to launch an at-home primary and palliative care initiative and a Family Caregiver Institute.
Historic $20 Million Gift to Launch Dartmouth Health at Home
With support from Richard Levy '60, Dartmouth will redefine at-home care.
Dennis Haskins, who played the hapless principal on 'Saved by the Bell,' dies at 75
Dennis Haskins, best known as Principal Richard Belding on “Saved by the Bell,” has died.
Dennis Haskins, 'Saved by the Bell' principal, dies at 75
The actor became a fixture of the beloved 1990s teen sitcom as Principal Richard Belding, known for his "Hey, hey, hey" catchphrase.
Dennis Haskins, 'Saved by the Bell' principal Mr. Belding, dies
Dennis Haskins, the actor best known for playing lovable principal Richard Belding on the NBC teen sitcom "Saved by the Bell," has died. He was 75.
Dennis Haskins dead: Actor known for 'Saved by the Bell' was 75
Dennis Haskins, known for playing the earnest and beloved Principal Richard Belding on 'Saved by the Bell,' has died. He was 75.
‘Saved by the Bell’ actor Dennis Haskins dies: TMZ
Dennis Haskins, the actor known for playing Principal Richard Belding in the popular sitcom “Saved by the Bell,” has died, TMZ reports. Haskins’ agent Jay Schachter reportedly confirmed the a…
Des Moines Art Center awarded $100,000 climate grant
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Blumenthal, Lamont: Trump blocking CT grants for political reasons
U.S. Sen. Richard Blumenthal and Gov. Ned Lamont complained Friday that the Trump administration has yet to release federal energy grants terminated a year ago on the basis of whether the recipients were in states won by Kamala Harris in 2024 and are represented by Democratic senators.
See 14 recent business updates in Richardson
Discover 14 of the latest business and restaurant updates across Richardson, including new openings, upcoming spots, ownership changes and one closing.
Denise Richards honors late ex Patrick Muldoon on his first birthday after death, posts photo of their ‘last hug’
Richards shared a tribute to her “Starship Troopers” costar and former partner on what would’ve been his 58th birthday.
'Home Improvement' star reveals why Patricia Richardson left show
Taran Noah Smith is sharing his perspective on why Patricia Richardson walked away from "Home Improvement," a decision that brought the hit ABC sitcom to an end after eight seasons.
'Home Improvement' star says Patricia Richardson got 'tired' of fighting for sitcom
Taran Noah Smith reveals Patricia Richardson fought to keep "Home Improvement" realistic as new writers pushed scripts in a different direction.
Richard Manoogian, longtime Masco chairman and DIA backer, dies at 90
The second-generation leader built Masco into a global home-improvement giant and left a large philanthropic mark on metro Detroit, especially in the arts.
Julian Ward already making plans for first Liverpool signing
On Saturday Julian Ward was announced as Liverpool’s new sporting director, the replacement for Richard Hughes. It is a role that Ward knows well, having held the position for a year before stepping...
Julian Ward needs to recreate his biggest success at Anfield
Julian Ward has been officially announced as Liverpool’s new sporting director. The Englishman will replace Richard Hughes, who departed at the end of the summer, and is returning to a role he held ...
Column: The price of price controls in Oregon healthcare
Oregonians want their politicians to do something about healthcare costs. The politicians have tried. One response from the state Legislature: Price controls. Limit prices and Oregonians may pay less. But […]
Ward appointed Liverpool's sporting director
Julian Ward becomes Liverpool's sporting director for the second time following the departure of Richard Hughes.
Liverpool news: Julian Ward succeeds Richard Hughes as Liverpool sporting director
Julian Ward becomes Liverpool's sporting director for the second time following the departure of Richard Hughes.
Liverpool announce new sporting director after Richard Hughes exit
Richard Hughes left the role of sporting director at Anfield earlier this month
Liverpool rehire Julian Ward as sporting director to replace Richard Hughes
Liverpool have appointed Julian Ward as their sporting director for a second time following the departure of Richard Hughes to Al-Hilal
Arsenal's scouting and failure to strengthen up front
Richard asked: Are the reports of the sporting director not using the club scouts true? Alex: It is true that Andrea Berta is not as outgoing or as open as Edu, but he still involves others in the work he is doing. It might not be as much as his predecessors, but Berta does still lean on the scouts for some of the work he needs done.
Harvard Business School announces 2026 Goldsmith Fellows
Harvard Business School (HBS) has announced the 2026 recipients of its Horace W. Goldsmith Fellowships. Established in 1988 by the Horace W. Goldsmith Foundation and Ronay and Richard L. Menschel (MBA 1959), a former director of the foundation and a limited partner at Goldman Sachs, to encourage students from the nonprofit and public sectors to attend HBS, these fellowships enable the School to award $10,000 to a select number of incoming MBA students for each of the two years of the MBA Program.
Crystal Palace's International Break Schedule
In Part Two, we're covering the international breaks for Khalaili, Kamada, Timber, Richards and Gozo!
'What happened on Saturday will not happen to us again'
Rachel: Arsenal seemed to start the season with intent and they delighted us with their slick passing game. Richard: We've handed out and been given one tonking (Coventry and Brighton, respectively). A good start overall but the Brighton game showed what can and will happen if we're not at the races.
Trump SBA to Extend Comment Period After Ranking Member Markey Leads Effort to Rescind SBA Policy that Reclassifies Billion-Dollar Businesses as “Small Businesses”
Trump admin policy would reclassify 114,000 larger businesses as “small” to access small business resources and win federal contracts meant for small businesses Letter (PDF) (Washington, September 23) – This week, the Small Business Administration (SBA) announced its plans to extend the deadline to submit comments on its controversial proposed rule regarding small business size standards until November 20. The Trump SBA’s announcement came shortly after Ranking Member Edward J. Markey (D-Mass.), alongside 12 of his Senate colleagues, sent a letter to Administrator Kelly Loeffler demanding that the Trump SBA rescind a harmful policy that would dramatically redefine what a small business is. The Administration’s proposed policy would change the small business size standard to designate 114,000 larger companies some with annual revenue above $1 billion—as small businesses, giving these businesses access to small business resources and federal contracts typically set aside for actual small businesses. In the letter, Ranking Member Markey and the lawmakers emphasized that small businesses will be shut out of the federal contracting space as government agencies award contracts to larger businesses, causing small businesses to lose revenue, lay off workers, or close their businesses entirely. “For more than 70 years, SBA’s mission has been clear: promote and protect the interests and viability of small businesses. By proceeding with this proposed methodology and rule, SBA moves further away from its mission of facilitating healthy small business participation in the U.S. economy. We urge SBA to rescind these proposals, meet in earnest with small businesses across the country, and discuss the proposal and methodology with congressional committees of jurisdiction. SBA must be committed to developing measured increases to the size standards that do not reward large, billion-dollar companies but instead helps our small businesses survive, grow, and thrive.” The lawmakers highlighted the following points in their letter: Under the Trump SBA’s new size standards, the highest receipts-based standard would exceed $1 billion in annual revenue—more than 20 times the current $47 million maximum—and the highest employee-based standard would reach 3,600 employees—more than twice the current 1,500 employee maximum. Specific increases include an increase in size of nearly 492% for banks, 1,500% for law firms, and more than 2,051% for private equity firms. Of the 114,000 businesses that would be newly classified as small, more than 37,000 of these businesses have collectively won more than 100,000 federal contracts worth approximately $71 billion in Fiscal Year 2025 alone without a small business designation. If SBA included the awards won by these 37,000 businesses in its Fiscal Year 2025 analysis, small business contracts would have accounted for 38% of all federal contracts, instead of the 27% that SBA announced this summer. The letter was co-signed by Senators Mazie Hirono (D-Hawaii), Angela Alsobrooks (D-Md.), Richard Blumenthal (D-Conn.), Christopher Coons (D-Dela.), Elissa Slotkin (D-Mich.), Chris Van Hollen (D-Md.), Jacky Rosen (D-Nev.), Elizabeth Warren (D-Mass.), Tim Kaine (D-Va.), Brian Schatz (D-Hawaii), Mark Warner (D-Va.), and Ruben Gallego (D-Ariz.). Ranking Member Markey is fighting to protect small businesses in Massachusetts and across the country from the Trump SBA’s harmful policies that put big businesses and billionaires over American small businesses, workers, and families. In August, Ranking Member Markey slammed the Trump SBA’s proposal to overhaul its small business size standards to benefit big businesses over small businesses. In July, Ranking Member Markey and House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY-7) introduced a Congressional Review Act (CRA) resolution to rescind the Trump administration’s policy that bans green card holders from accessing essential Small Business Administration (SBA) loans to start and grow their businesses. Also in July, Ranking Member Markey and Senator Hirono submitted a comment letter to the Small Business Administration (SBA) opposing a proposed rule change by Trump’s SBA to the 8(a) Business Development Program that would harm underserved small business owners and entrepreneurs. In June, Ranking Member Markey released a new report highlighting Trump’s drastic reduction in federal contracting dollars awarded to American small businesses. ###
Newcastle United defender Richardson signs first professional deal
Newcastle United defender Abbie Richardson has signed her first professional contract with the club.WSL Full-Time were informed of the news via an official club press release from The Magpies earlier ...
Reform and the UAE – a threat to British politics
By Alex Carlen The United Arab Emirates likes to present itself as part of the solution to the climate crisis. The oil-rich Gulf state has committed to Net Zero by 2050, hosted COP 28, and even declared “championing climate action” as one of three strategic objectives for this week’s session of the United Nations General Assembly. But behind the scenes the UAE has quietly built one of its closest political relationships in Europe with the party most hostile to climate action in Britain: Nigel Farage’s Reform UK. There is no evidence that the UAE is funding Reform. But a new FairSquare report, Petro-populism: the UAE–Reform threat, published today, documents a growing political relationship that should concern anyone interested in the integrity of British democracy. Reform’s leaders have embraced the UAE’s political model and promoted positions that align closely with the Emirati government’s priorities, while the UAE has given Farage and his party unusually warm access and public backing. What is emerging is not simply a relationship between British politicians and a wealthy Gulf state, but a channel through which an authoritarian government can cultivate political influence here, and abroad. Democracy for Sale relies on its readers. If you already support us, thanks so much. If you don’t, sign up to support fearless independent investigative journalism. Subscribe Back in January, Nigel Farage appeared at a GB News event in Dubai. On the 50th floor of a tower overlooking the luxury resorts and upscale residences of Palm Jumeirah, the Reform leader declared: “I want Clacton to look like this.” At the event – which Farage never declared on his official register of interests – senior Emirati officials mixed with British expats. Farage was keen to flatter. “We recognise you are our friends”, he said, assuring them that “a Brexit London, a Reform London, will remember you.” Controversy surrounding Reform’s finances and its susceptibility to foreign influence have centred around high-profile donations from billionaire crypto donors, and the jailing of Nathan Gill, Reform’s former leader in Wales, for accepting bribes to give pro-Russia speeches. Far less attention has been paid to Reform’s blossoming new alliance with the UAE, an oil-rich authoritarian state with a track record of ruinous anti-democratic interventions. Farage wasn’t always so fond of the UAE. Back in 2023 he called it an “absolute monarchy with an abysmal human rights record.” Now Reform’s hierarchy calls the UAE home. Deputy leader Richard Tice splits his time between his constituency and Dubai and has called on the UK to learn from the UAE. The party’s treasurer Nick Candy runs a firm which has been in partnership with a UAE-state linked firm since 2024. Nadhim Zahawi sits on the board of an Abu Dhabi think tank alongside an array of the most senior UAE officials and is reportedly close to three brothers of the country’s despotic ruler Mohammed Bin Zayed. Reform’s leading lights have effusively praised the UAE’s governance model, defended it from criticism, and advanced its political agenda in the UK. GB News, whose two major shareholders – the Legatum Foundation and Paul Marshall – have strong links to the UAE, has been more than happy to broadcast UAE propaganda and was forced to pay damages in 2025 after airing a false claim about a UK charity by the UAE “disinfluencer” Amjad Taha. The UAE has responded in kind. When the UAE Minister for Foreign Affairs conducted an official visit to the UK in May, Farage was the only non-government figure granted an audience. UAE state media publicised the meeting, and said that they discussed “the strategic relations between the two countries and ways to enhance them in a manner that serves mutual interests.” For the UAE these ‘mutual interests’ largely concern its paranoia over political Islam, and in this regard the UAE-Reform alliance is part of a broad and troubling pattern. Following a crackdown on dissent at home in the aftermath of the Arab Spring, the UAE has offered material and political support to a range of violent and authoritarian actors willing to oppose the Muslim Brotherhood with no regard for the consequences. Its meddling in Egypt, Tunisia, Yemen, and most notably Sudan, have been devastating. The UAE’s strategy of seeking out partners on the political fringes who it believes will advance its interests is not unique to Britain – it extends beyond the Middle East to Europe and the US. In France, it has offered clandestine support to Marine Le Pen through secret meetings, as well allegedly funding trips to the region after which Le Pen returned with a renewed focus on the UAE’s perceived enemies – Qatar and the Muslim Brotherhood. Left-wing opposition leader Jean-Luc Mélenchon has accused the UAE of smearing him and of “encouraging discrimination, hatred or violence”. In the US, the UAE actively supported the rise of Donald Trump, establishing itself as a key ally during both his first and second terms. Around these relationships sits a wider ecosystem of figures willing to amplify UAE narratives, that even extends to Andrew Tate and Tommy Robinson. Subscribe In Britain, the UAE has used a combination of aggressive diplomacy and illicit, disruptive tactics to achieve its policy goal of eliminating any perceived threat from political Islam. In 2012, for instance, it threatened to block billion-pound arms deals with the UK and stop inward investment if David Cameron did not act against the Muslim Brotherhood and rein in the BBC’s coverage of the group – going so far as to suggest, with no supporting evidence, that the group had infiltrated the BBC. It has financed smear campaigns against a high-profile UK charity and funded a mercenary to secretly surveil, and possibly assassinate, a British national on British soil. In Reform UK, the UAE has finally found an ally willing to not only ban the Muslim Brotherhood, but to publicly vilify the group and repeat the UAE’s claims that dangerous Muslims are a fifth column in British society, a narrative that aligns with the Islamophobia and anti-immigration sentiments that underpin Reform’s populist politics. The Rycroft review into foreign interference concluded that “hostile states and non-state actors have a clear incentive to attempt to undermine UK democracy.” The UAE’s network and alliance with Reform must be understood within that framework. It is a powerful, disruptive and deeply authoritarian actor with the resources and networks to intervene in our politics, and a track-record of doing so in a multitude of other countries. The evidence of the threat the UAE poses is overwhelming. The question is whether parliamentarians are willing to call the UAE out and demand action using the tools that the government has to respond. Placing the UAE on the “Enhanced Tier” of the Foreign Registration scheme alongside Russia and Iran would send a powerful signal to the UAE that its meddling will no longer be tolerated, and would place Farage’s next trips to the UAE under the scrutiny they deserve. Alex Carlen is research and advocacy manager at London based human rights organisation FairSquare and author of its new report Petro-populism: the UAE–Reform threat. Subscribe
Trump call for supporters to cheat undermines fraud claims
Richard M. Nixon famously declared, 'I am not a crook.' Donald J. Trump, his approval rating slumping toward Nixonian levels, is urging his backers to act like crooks in November's election.
'We're excited.' Xavier Musketeers basketball begins fall practice
Xavier head coach Richard Pitino discusses his team as the Musketeers begin fall practice at Cintas Center.
Liverpool's transfer strategy facing biggest change in years
Liverpool are in a period of transition as a club, and more big changes are coming. Since last season ended, Arne Slot, Michael Edwards and Richard Hughes have all moved on from Anfield.As well as th...
Sunlight and study sessions
Chipego Nkolola, a third-year data science and health sciences major, studies in Richardson Plaza on the Boston campus.