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Ohio policymakers wrestle with prediction markets as wagers on sports and politics explode
With tens of millions of dollars staked on political and sporting contests, prediction markets are fueling anxiety among policymakers in Ohio and around the country.
Ohio policymakers wrestle with prediction markets as wagers on sports and politics explode
With tens of millions of dollars staked on political and sporting contests, prediction markets are fueling anxiety among policymakers in Ohio and around the country.
Health care, housing, wages: Josh Turek outlines campaign goals at Davenport rally
Iowa Senate candidate Josh Turek made a stop in the Quad Cities Thursday, meeting with voters at Modern Woodmen Park.
China’s rise deepens industry concerns: Europe lacks a clear plan for life science
China’s five-year plan for life science must be taken “extremely seriously,” but Danish companies should also stay close to China’s fast-growing innovation hubs, says trade group director.
Federal report shows wage growth well below rate of inflation
New federal data shows that median weekly earnings among full-time workers in the third quarter of 2026 rose 1.5% compared with the same period in 2025. The gain was below...
Local Coca-Cola workers strike over low wages, increased health insurance costs
Amazon hiring thousands in Southern Nevada
This year workers will receive a pay bump, with the company putting more than $1.5 billion into wage increases for its United States workers, Amazon said.
WA parents and businesses lose billions due to lack of childcare
Washington parents and businesses lose out on more than $6 billion annually in wages and revenue due to insufficient childcare, a recent study found.
Volkswagen bet on Xpeng to save its China business. It’s not going to plan
By Ju-min Park and Christina Amann BEIJING/BERLIN, Oct 20 (Reuters) - When Volkswagen turned to EV maker Xpeng in 2023 to help fix its flailing Chinese business, executives touted the partnership as a shortcut to developing cars tailored for China at t...
Proposed New Visa for Home Health Aides and Nursing Assistants: What Healthcare Staffing Companies Need to Know
A new policy proposal published by the Brookings Institution recommends creating a temporary work visa that would let US employers sponsor foreign home health aides, personal care aides, and nursing assistants to help ease a growing shortage of caregivers. The September 29 proposal, authored by Brookings scholar Tara Watson through the Hamilton Project, would create an “H-1D” visa category built specifically for the direct-care workforce, launching as a pilot program of 30,000 visas per year. It would require employers to pay wages near the top of the local market, guarantee workers a minimum number of weekly hours, and contemplate a potential pathway to permanent residence after six years, although implementing that pathway would require additional changes to immigration law. The H-1D is only a proposal at this point. No H-1D legislation has been enacted, and employers cannot currently sponsor workers under this proposed classification. But if the idea gains traction, healthcare staffing companies could find themselves with both a significant recruiting opportunity and a new set of compliance obligations. This Insight walks through the proposal’s general immigration and employment requirements, then turns to the specific opportunities and challenges it could create for staffing firms.
Brentwood business owner admits failing to pay employee taxes to IRS, prosecutors say
A Brentwood business owner pleaded guilty to failing to pay federal taxes tied to his employees' wages, a case prosecutors say involved nearly a decade of unpai
DOJ Charges 28 California Residents With Voting-Related Crimes Amid Trump’s Voter Fraud Push
The effort by the Trump administration comes as it wages a broader fight with California officials over voter rolls.
Betting on the election? Here’s where it’s prohibited
The midterm elections are fast-approaching, but can you wager on them?
CCIA Study Finds South Korea Fines U.S. Companies Up to Seven Times More Than Korean Firms Relative to Business Activity
Washington – A new study by the CCIA Research Center finds that South Korea’s competition authority imposes penalties on U.S. companies at rates four to seven
Ashwagandha Promises Calm. The Science Is More Complicated
The popular supplement may help ease stress, but evidence for anxiety remains uncertain–and rare side effects complicate its soothing reputation.
China takes aim at life science leadership as Danish companies are urged to “really take it seriously”
A new five-year plan from Beijing aims to make China a life science superpower by 2030, and two China analysts say the target is within reach.
Robert Wagner reveals secret to success of 36-year marriage to Jill St. John
Wed in 1990, the “Hart to Hart” star and St. John first met in the late 1950s.
Wagner, Penda Exit With Injuries in Magic's Win Over Heat
The Orlando Magic finished their preseason on a strong note, but it did not happen without Franz Wagner and Noah Penda getting hurt.
NBA bans certain types of sports bets following high-profile gambling scandals involving players
The NBA is banning certain player prop parlays and other wagers while expanding measures to detect suspicious betting activity and protect players from harassment.
NBA tells sportsbooks to ban certain bets and parlays: report
The NBA told sportsbook partners in a Friday memo to ban certain types of bets and parlays this season that gamblers used in recent wagering scandals, ESPN reported."There's a balance between ensuring that we are removing problematic bet types but also ensuring that we don't just move activity into the illegal market," NBA executive vice president Scott Kaufman-Ross told ESPN. "Where we landed right now, we think, is the right balance of those two objectives."
Dunlap, LePage clash over health care, costs in final CD2 debate
Hosted by WABI in partnership with WAGM, the candidates for Maine’s 2nd Congressional District went head-to-head on affordability, energy, health care and immigration.
Gubernatorial candidate Rob Sand meets with small business owners, city officials in Marshalltown
MARSHALLTOWN – Slightly more than 10 small business owners and Marshalltown city officials met with Democratic gubernatorial candidate Rob Sand on Friday, Oct. 9, to talk about what was on their minds, and wages and healthcare were big topics. Alfonso Medina, the owner of La Carreta, hosted the small business roundtable discussion at his restaurant. […]
Members speak up on healthcare
An important first step, S4438 has first committee hearing Earlier today, NJEA members made their voices heard at the NJ Senate’s State Government, Wagering, Tourism and Historic Preservation Committee meeting.
Louisiana lands in the top 10 for business competitiveness
VOICE YOUR OPINION What is the single most important step Louisiana should take to develop the workforce needed to support major economic development projects? Vote here in today’s poll. Louisiana ranks ninth nationally among the best states for doing business in 2026, according to a new report from economic development publication Area Development, […]
Blazers' Tom Dundon Meets the Man Betting Big on Portland
As Tom Dundon navigates high-stakes arena negotiations, the Blazers owner finds an optimistic ally in a real estate mogul wagering $250 million on downtown Portland’s recovery.
Ashwagandha's real problem: Consistency, not science
Ashwagandha faces regulatory scrutiny, but science backs its safety. The real issue is inconsistent testing and standards — not root vs. leaf.
PUBLISHER’S NOTE: Busy Fall
We have a busy fall ahead of us—and that’s always good news. We like to stay busy. We’re working on two special annual publications: the CNY Business Guide and the CNY Winter Guide. Both publications are designed to reach specific audiences in the community. We’re excited about these new editions and would like to share a few details about them. Let’s begin with the Winter Guide. Winter can be challenging, but it also offers plenty to celebrate. The new CNY Winter Guide will help readers embrace the season and make it more fun and enjoyable. This year’s annual publication will feature an extensive calendar of events, compelling stories, and curated lists of things to do and see throughout the winter. This will be our 31st annual issue. It is one of the few publications—if not the only one—devoted exclusively to winter in Central New York. For advertisers, it offers a valuable opportunity to reach readers across the region. As we tell prospective advertisers, one ad works for them all season long. Rates start in the low $200s. The guide will be available at hundreds of high-traffic locations, including all Wegmans stores and select Price Chopper and Tops Friendly Markets locations. It will also be available online, with every ad hyperlinked so readers can click directly through to the advertiser’s website or Facebook page. Our network of drivers will also deliver the guide to hundreds of high-traffic locations several times throughout the winter. The publication will be out by Thanksgiving. The CNY Business Guide is a one-of-a-kind publication that many readers use as a reference. Unlike the books of lists published by business journals across the country, it comes in a glossy, full-color magazine format. It also ranks employers in four counties, with a particular emphasis on Oswego and Onondaga and substantial information about Cayuga and Jefferson. It is an ambitious project that requires extensive research, phone calls, careful fact-checking, writing and design. In short, it takes a great deal of work—and we’re glad to take on the challenge. The guide is widely distributed to business and professional readers throughout Central New York. The Business Guide gives companies an excellent opportunity to highlight their growth and expansion, showcase new products, and share other noteworthy developments. For readers, it provides a valuable snapshot of companies across the region, including what they do and who leads them. The guide will be published in early December. We invite companies to advertise in both publications. Advertising costs are relatively low, and each guide offers access to a broad audience across Central New York. Wagner Dotto is the editor and publisher of Oswego County Business Magazine.
A Major Labor Boom in CNY? Not Here Yet
With so many major projects going on — Micron, I-81 viaduct and others — job growth is predicted to increase. But so far the number of jobs in the region has declined By Aaron Gifford [caption id=attachment_11065 align=alignright width=350] Amy Stage, deputy director at the Manufacturers Association of Central New York (MACNY): “For us, the conversation isn’t just about filling jobs. It’s about creating sustainable pathways that help people see a future for themselves in manufacturing.”[/caption] The I-81 viaduct project in Syracuse and Micron facility construction in Clay are expected to create a major labor boom for Central New York. But for the time being, the number of jobs here has actually decreased in the past year. The New York State Department of Labor reported that, for the annual comparison of June 2025 to this past June, private sector jobs decreased by 2,200 or less than 1% to 260,000. Job gains were concentrated in leisure and hospitality (+700), private education and health services (+400) and other services (+300). Job losses for that annual period were reported in the areas of trade, transportation and utilities (-1,500); professional and business services (-1,000); financial activities (-500); mining, logging and construction (-300); manufacturing (-200); and information (-100). The public sector job count rose over 12 months, with most growth concentrated in education, the state Department of Labor reported. Looking ahead, the Central New York economy is expected to benefit from both the Micron and I-81 viaduct projects over a period of several years. Initial job growth is foreseen in construction and computer and electronic manufacturing. Spin-off jobs will be created in the areas of professional and business services, health care and education, the state Department of Labor said in an email response to Oswego County Business magazine. “Population growth tied to the buildout of Micron Technology semiconductor complex in Clay is also expected to bring more workers and residents to the region, increasing demand for transportation services,” the agency said. New York Department of Labor highlighted current or projected job growth trends in various sectors. An increase in defense-related contracts at local high-tech employers has continued to support employment growth in the computer and electronic product manufacturing sector and Micron is expected to generate thousands of direct and indirect jobs as the project progresses. This sector paid an annual average wage of $117,500 in 2025 and employment in the sector is projected to grow by over 60% through 2032, making it the fastest-growing industry in the region. Typical occupations in this industry include electrical, electronic and electromechanical assemblers, software developers and industrial engineers, the state agency reported. Specialty trade contractors include several different types of tradespeople — electricians, plumbers, pipefitters and steamfitters and HVAC (heating, ventilation and air conditioning) mechanics and installers. Many of these positions are trained through apprenticeships, the state Department of Labor reported. The Interstate 81 construction project is generating local jobs, including construction laborers, projected to grow at a 6.4% rate, and operating engineers and other construction equipment operators, projected to grow at a 7.3% rate over the next several years. Construction of the Micron Technology facility is also “creating thousands of job opportunities that will continue over the next two decades,” the state agency reported. The specialty trade contractors sector paid an annual average wage of $86,200 in 2025. For Central New York, the challenge isn’t creating jobs, it’s filling them. Amy Stage, a deputy director at the Manufacturers Association of Central New York (MACNY), said meeting this unprecedented growth is a much larger task than just replacing retirees. “We’re seeing workforce gaps at every experience level,” she said. “Companies need entry-level employees, experienced technicians, supervisors, engineers and skilled trades professionals. The opportunity is tremendous, but we need more people entering these career pathways.” Employers are looking for people who can troubleshoot, read technical information, use computers and learn new processes, not just perform repetitive production work, Stage said. To address this demand, the MACNY created the Manufacturers Talent Institute, which aims to connect students and job seekers with meaningful career pathways while helping employers build their workforce. Twenty-one companies have so far signed up to provide opportunities for more than 800 students. “For us, the conversation isn’t just about filling jobs,” Stage said. “It’s about creating sustainable pathways that help people see a future for themselves in manufacturing.” Several manufacturing facilities in the region are in the midst of expansion: • TTM Technologies, a leading U.S. manufacturer of advanced electronics and interconnect solutions for aerospace, defense and high-technology markets, which has a plant in DeWitt, completed its buildout of an additional facility, adding 400 jobs and expanding production of high-tech circuit boards for defense and critical electronics applications. • In Cortlandville, the Byrne Hollow Crossing Plant, a dairy manufacturing and processing facility, is increasing its operations, creating 100 new jobs. • The Chobani yogurt company is building a 1.4-million square foot dairy processing facility in Oneida County. This will create more than 1,000 good-paying jobs and double Chobani’s New York state workforce, Stage said. Stage noted several ways that local, state and federal governments can help spur manufacturing job growth in this region. Elected leaders and public agencies could work with industry representatives to create pre-apprenticeship and registered apprenticeship programs seeking to upskill workers and improve employee retention. New York state has a variety of grants, tax incentives and financing programs to support site preparation, infrastructure, workforce development and capital investment. The U.S. Department of Labor has a pay-for-performance incentive program that provides employers $3,500 per new apprentice hired and retained for 90 days. MACNY was previously awarded an $87,000 federal grant that will cover 25 apprentices at nine companies. The manufacturing skills gap in the United States, at its current rate, could result in 2.1 million unfilled jobs by 2030, according to a study by Deloitte and The Manufacturing Institute. In New York state, that gap is on pace to exceed 100,000 unfilled positions within six years. Manufacturing companies will be counting on more women to help fill that gap. While women make up half of the overall U.S. workforce, they only account for 29% of the manufacturing workforce in this country, Stage said. “Pre-apprenticeship programs like Real Life Rosies help to bring awareness to the manufacturing industry to fill some of the gaps, but we have a long way to go and it starts with educating people at younger ages about careers in manufacturing and earn-and-learn opportunities,” she said. As for Micron, that $100 billion-plus project, considered the largest private investment in New York state history, is expected to eventually create up to 50,000 jobs throughout the region, factoring in the spin-off opportunities for construction and supply chains. The plant’s foundation was poured on July 9. “As America celebrates its 250th anniversary, data and memory are foundational to the modern economy — and Micron is increasing our U.S. investments to more than $250 billion through 2035 to meet that moment,” the company’s president and CEO, Sanjay Mehrotra, said in a news release. Bechtel, Micon’s construction partner in the project, reported that 4,500 people will be employed to help build the facility, including skilled craft professionals, local union members representing various trades and apprentices. The Syracuse-based CenterState CEO organization tallies the regional labor force at 397,582 workers (Onondaga, Cayuga, Cortland, Madison and Oswego counties). Job growth isn’t limited to the Central New York region. For the larger area covering portions of the Mohawk Valley, the North Country, the Southern tier, and the western part of the state, there are 155,601 employees in the advanced manufacturing sector, and 155,275 construction workers. The agency’s 2026 Economic Forecast report noted that 41% of community and business leaders surveyed said a shortage of skilled workers in this area remains a problem, though 77% shared a positive economic outlook for the year ahead. Beyond the semiconductor and advanced manufacturing areas, local business leaders also see growth in small manufacturing companies, storage businesses, housing, unmanned flight technology and general construction. “Productive reuse of property,” the report said, “will hopefully continue to preserve unique architecture while driving business.” The report identified several challenges for economic growth in the region, including an aging workforce, outdated equipment, the rising cost of raw materials and “the disconnect between the speed of business needs and the pace of talent readiness.”
Uber pay varies, falls below minimum wage in some US cities
A study reveals Uber drivers' earnings differ significantly between US cities, with some making less than minimum wage after expenses.
Collins, Jackson spar over energy costs, health care in third Maine Senate debate
Hosted by WABI and WAGM, the incumbent Republican and her Democratic challenger went head-to-head on affordability, energy, health care and tariffs.
The 'Holy Grail' of baseball cards is up for auction
The rare T206 Wagner card could sell for over $3 million on October 25.
Sports betting revenue has exceeded annual expectations
In three years, Kentucky sports betting has generated $128.2 million in tax revenue, with most wagers placed online and retail sportsbooks drawing visitors.
More than a dozen states ban this kind of sports wager — except when they don’t
Harassment of college athletes is one reason 15 states with legalized sports gambling, including Maryland, ban wagers on individual college players. But a loophole in how fantasy sports are regulated means those restrictions don't always apply.
Red River Rivalry: OU quarterback John Mateer will 'never forget' his redemption over Texas
DALLAS — John Mateer stood atop the Schooner wagon with a smile stretched across his face. Beaming, he received the “golden hat” and encapsulated the feeling of taking down No.
NFL Week 5 betting advice: Giants-Commanders picks and props
Giants-Commanders wagers to consider as you fill out your tickets
Why Bette Davis didn’t look at herself in the mirror for a year (exclusive)
After massive health problems in the 1980s, Hollywood legend Bette Davis didn’t look at herself in the mirror for a year — that is, until Robert Wagner came over.
No injuries after early morning fire at Elkhart County business
WSBT CBS 22 provides news, sports, entertainment and public interest programs to the South Bend, Indiana area including Mishawaka, Notre Dame, Granger, Osceola, Elkhart, Jimtown, Dunlap, New Carlisle, Goshen, Middlebury, Bristol, New Paris, Nappanee, Howe, Lagrange, Topeka, Bourbon, Milford, Syracuse, North Webster, Warsaw, Bremen, Plymouth, Walkerton, Argos, Tippecanoe, Culver, Grovertown, Delong, Rochester, Akron, Winamac, North Judson, LaPorte, North Liberty, Wakarusa, Lapaz, Millersburg, Knox, and Michigan City, Indiana – and these areas of Michigan: St. Joseph, Benton Harbor, Buchanan, Niles, Three Oaks, New Buffalo, Harbert, Bridgeman, Stevensville, Watervliet, Berrien Springs, Dowagiac, Marcellus, Cassopolis, Decatur, Vandalia, Constantine, White Pigeon, Galien and Edwardsburg.
Casino UK: How Online Gaming Became Part of Britain’s Entertainment Mainstream
The UK has always had a particular relationship with gambling. From the betting shops that became fixtures of every British high street to bingo halls that served as social hubs for working communities, wagering on outcomes has been woven into British leisure culture for generations. What changed in the past decade was not the appetite,
Kratsios Speaks at Science Summit on New Golden Age
Remarks by Director Michael Kratsios at the Science: A New Golden Age SummitRemarks as prepared for deliveryOct. 8, 2026Good morning, and thank you
Michigan attorney general sues state’s Blue Cross health insurer
The federal court complaint says the company conspired with other Blue Cross plans to carve up territory and reduce competition.
Robert Wagner shares rare photo with Natalie Wood’s daughter for birthday
Robert Wagner shared a rare photo with Natalie Wood’s daughter, Natasha Gregson Wagner, to celebrate her birthday. Gregson Wagner was raised by her actor stepfather after Wood’s 1981 death.
Arjuna Natural to spotlight women’s health innovation and Ashwagandha Quality at SupplySide Global
Arjuna Natural, a leader, manufacturer, and innovator of standardised botanical extracts, will spotlight its award-winning women’s health portfolio and latest ingredient research at SupplySide Global in Las Vegas, NV, booth 6519, including new research on Rhuleave-K, a turmeric and boswellia combination developed to support fast-acting relief from PMS symptoms and lower back pain
Trump’s ‘Super Intelligence Force’ wants safety without slowing innovation
The administration hopes to reap what it sees as the economic opportunities of AI while easing fears that the technology could wage cyberattacks, ax jobs and raise energy prices.
San Diego County launches new study on long term health effects of Tijuana River pollution
The county is expanding its efforts to better understand the health impacts of the Tijuana River sewage crisis. They're now looking for qualified researchers to study whether long-term exposure is making people sick.
South Korean shipbuilders face potential mass strikes
South Korea’s shipbuilding industry faces mounting headwinds as wage and collective bargaining talks continue, with HD Hyundai Heavy Industries Company Ltd. and Hanwha Ocean Company Ltd.
PENN Entertainment (PENN) Gets A Fresh Look After Deutsche Bank Upgrade And NFL Deal
PENN Entertainment (PENN) drew fresh attention after Deutsche Bank shifted its rating to Buy. In addition, theScore Bet signed a multiyear NFL partnership that provides access for sports wagering and online casino operations in Canada. Recent trading has been choppy for PENN Entertainment. The share price slipped 1.19% over the last day and 7.91% over 30 days, after a 24.02% decline over 90 days. It still shows a 5.86% year to date share price gain, while 1-year total shareholder return is...
The highest-paid employees at Main Line Health
Plus, we review an all-you-can-eat wagyu spot.
Real wages set to fall in major European economies, except Germany
Italy, Spain, France and the UK are projected to see declines in real wages between the first quarters of 2026 and 2027, while Germany is expected to record growth. Euronews Business looks at what is driving the divide.
After vast sewage spill, officials say testing shows Potomac is back to health
Testing “found no current signs of harm” from the millions of gallons of raw sewage that flowed into the river in January, according to D.C. Water.
Marion County health inspectors find dripping sewage during inspection
Marion County health inspectors find improper sewage disposal, workers incorrectly wearing gloves and buildup of grease during inspections.
Comptroller’s report shows that as mobile sports gambling rises, so do concerns
NYS Deputy Comptroller Maria Doulis explains how the popularity of mobile sports gambling is growing with concerns about problem gambling.
MSSM to Host Public STEM Night
The Maine School of Science and Mathematics in Limestone is hosting a STEM Discovery Night tonight.
Volkswagen exec starts in new CarMax C-suite role
Elizabeth Dirgins was named CarMax's inaugural chief digital and customer officer and executive vice president.
Keaton Wagler Stays Positive After Struggling in Clippers Preseason Debut
Keaton Wagler speaks after his preseason debut with the Los Angeles Clippers.
GTA 6 devs tried "not to jump on the bandwagon" of passing trends and instead created their "own slanted, overblown versions"
Grand Theft Auto 6 developers knew development would take "years and years," so avoiding trends was important in making the game "feel vital" come launch.
Lewis Ginter Botanical Garden cancels health coverage for striking employees
Striking employees of the Lewis Ginter Botanical Garden are being removed from the nonprofit's healthcare plan, according to a letter from the garden. Lewis Ginter wrote to CBS 6: "The law does not require employers to continue paying wages or unaccrued benefits to striking workers who are not actively
New York and American Democracy: A Conversation with Christina Greer
Noted political scientist will unpack urban politics and public policy with Professor Mitchell Moss - Oct. 20 at NYU Wagner
How will Florida's minimum wage increase to $15 affect workers and businesses?
A University of South Florida economics professor shares insight on concerns over the recently raised minimum wage in Florida on "The Florida Roundup."
Gallery of Unearthing the Ground: Architecture and the Politics of Waste - 3
Image 3 of 15 from gallery of Unearthing the Ground: Architecture and the Politics of Waste. Alsergrund, Viena. Image © C.Stadler/Bwag, via Wikipedia under CC BY-SA 4.0
Jobs in health care. Jobs for women. The US labour market is segmenting. Chernobyl’s radiation and Lenin’s love of literature.
Thank you for opening your Chartbook email. Elmer Bischoff, Two Figures at the Seashore, 1957 The only really dynamic job-creator in the US economy is health care: The largest crunch has come in Federal government, which has shed 2.7 m jobs. Source: tchouvkov on Twitter Tech is struggling. [ Joey Politano 🏳️🌈@JosephPolitano The US tech sector continues bleeding jobs in official data released today—overall, employment decreased by 17k last month and is down 69k over the last year That's nearly as bad as the worst of the 2024 tech-cession, and much worse than the 2022 boom or even pre-2020 norms 12:42 PM · Oct 2, 2026 · 15.2K Views 15 Replies · 47 Reposts · 390 Likes ](https://x.com/JosephPolitano/status/2106001807847940232?s=20) The new jobs are all for women. [ Justin Wolfers@JustinWolfers I'm not sure who saw this coming, but so far nearly all the jobs created during the second Trump administration have gone to women. 1:09 PM · Oct 2, 2026 · 33K Views 70 Replies · 146 Reposts · 644 Likes ](https://x.com/JustinWolfers/status/2106008723533533601?s=20) Meanwhile, real wages are being eaten up by modest over-target inflation. [ Heather Long@byHeatherLong The financial pain is real: Wage growth fell to 3% (y/y) in September. That's the lowest in 5 years. Wage growth: 3% Inflation: ~3.4% Inflation has eaten up all wage gains for the average worker since April. Many people are having to make hard choices about what to buy and what … 1:24 PM · Oct 2, 2026 · 37K Views 24 Replies · 275 Reposts · 533 Likes ](https://x.com/byHeatherLong/status/2106012367712620728?s=20) HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $60. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Elmer Bischoff, Bathers, 1960 Americans are disillusioned with higher ed. For contributing subscribers only. Subscribe Where the Chernobyl radiation went. h/t Simon Kuestenmacher aka simongerman600 How Lenin’s love of literature shaped the Russian Revolution - Tariq Ali This, then, was the intellectual atmosphere in which Lenin came of age. His father, a highly cultured conservative, was the chief inspector of schools in his region and much respected as an educationalist. At home, Shakespeare, Goethe and Pushkin, among others, were read aloud on Sunday afternoons. It was impossible for the Ulyanov family – “Lenin” was a pseudonym adopted to outwit the tsarist secret police – to escape high culture. At high school, Lenin fell in love with Latin. His headteacher had high hopes that he might become a philologist and Latin scholar. History willed otherwise, but Lenin’s passion for Latin, and taste for the classics, never left him. He read Virgil, Ovid, Horace and Juvenal in the original, as well as Roman senatorial orations. He devoured Goethe during his two decades in exile, reading and rereading Faust many times. Lenin put his knowledge of the classics to good use in the time leading up to the October revolution of 1917. In April of that year, he broke with Russian social-democratic orthodoxy and, in a set of radical theses, called for a socialist revolution in Russia. A number of his own close comrades denounced him. In a sharp riposte, Lenin quoted Mephistopheles from Goethe’s masterwork: “Theory, my friend, is grey, but green is the eternal tree of life.” Source: The Guardian Elmer Bischoff, The River, 1953 If you’ve scrolled this far, you know you want to click: Subscribe
How will Florida's minimum wage increase to $15 affect workers and businesses?
A University of South Florida economics professor shares insight on concerns over the recently raised minimum wage in Florida on "The Florida Roundup."
San Diego Foundation Grants Nearly $1M in Binational Water Health Grants
The San Diego Foundation Wednesday granted nearly $1 million in the Binational Resilience Initiative for 10 projects ranging from addressing Tijuana River pollution to restoring coastal habitats in the California-Baja region.
Jadon Sancho Attracting Premier League Interest After Man Utd Exit
Fresh off a Europa League triumph with Aston Villa, the former £73 million winger searches for a new home as top-flight suitors weigh his talent against looming wage concerns.
Don Wagner explains why he should be California's next Secretary of State
Orange County Supervisor Don Wagner, a candidate for California secretary of state, outlined his qualifications, election reform priorities, and vision for the office during an interview on California Politics 360.
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.
Business: Minimum Wage Jobs in Oregon
On July 1st, Oregon’s minimum wage increased across the state.
Nebraska vs Maryland – Game Thread of Winning Fun!
Time: 3:00pm CST Location: Memorial Stadium, Lincoln, NE Surface: Hellas Turf (Blessed by the Bobfather himself in Husker Valhalla) Wagering Info: Huskers -14 1⁄2 . O/U – 52 1⁄2. Moneyline: Nebraska +116, Maryland +666 ($100 wager) (FanDuel) Series Record: Nebraska is 3-1 vs. Maryland all-time with all 4 games being played after the Huskers joined the Big 10. The last two games […]
NFL Week 4 betting advice: Giants-Cards picks and props
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Clippers Rookie Keaton Wagler Is Challenging Himself in Training Camp
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‘You cannot force them to stay in business’: Jake, Rantz question how Seattle businesses will absorb a $22.14 minimum wage
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'Bond King' Bill Gross shares his best and worst investments ever
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A record number of Native Americans are running in the 2026 midterms
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'Super' El Niño could overwhelm LA's aging Hyperion sewage treatment plant
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Small business job growth edges higher in September, Paychex finds
Paychex reports small business employment edged higher in September, with the Midwest leading growth and wage increases moderating below 3%.
Orlando Magic's Franz Wagner Ready to Take 'Advantage' of Opportunity
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Marion retailer Purple Wagon a finalist in statewide contest
Longtime Uptown Marion retailer The Purple Wagon is one of five businesses from across the state in the running to receive up to $25,000 in Main Street Iowa’s Open 4
Marion shop named a finalist in Iowa small business competition
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Milestone integration for Goshen Health in century long history
WSBT CBS 22 provides news, sports, entertainment and public interest programs to the South Bend, Indiana area including Mishawaka, Notre Dame, Granger, Osceola, Elkhart, Jimtown, Dunlap, New Carlisle, Goshen, Middlebury, Bristol, New Paris, Nappanee, Howe, Lagrange, Topeka, Bourbon, Milford, Syracuse, North Webster, Warsaw, Bremen, Plymouth, Walkerton, Argos, Tippecanoe, Culver, Grovertown, Delong, Rochester, Akron, Winamac, North Judson, LaPorte, North Liberty, Wakarusa, Lapaz, Millersburg, Knox, and Michigan City, Indiana – and these areas of Michigan: St. Joseph, Benton Harbor, Buchanan, Niles, Three Oaks, New Buffalo, Harbert, Bridgeman, Stevensville, Watervliet, Berrien Springs, Dowagiac, Marcellus, Cassopolis, Decatur, Vandalia, Constantine, White Pigeon, Galien and Edwardsburg.
The Purple Wagon advances to final round of statewide Open 4 Business competition
The Purple Wagon, a longtime Marion business that recently moved to Uptown Marion, has advanced to the final round of Main Street Iowa’s 2026 Open 4 Business competition and is one of five businesses from across Iowa competing for up to $25,000. The Purple Wagon, which sells custom-curated gifts and accessories for babies and toddlers, […]
‘BUSINESS EXODUS’: What’s driving businesses out of Seattle?
FOX Business' Gerri Willis reports on Seattle's $22.14 minimum wage hike as restaurant closures rise and new businesses emerge outside the city.
Troubled Gateshead fail to pay September wages
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Ex-Illinois Star Keaton Wagler Impresses Teammate as Clippers Rookie
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Catalina Island business owner ordered to pay $1.5 million in unpaid wages to restaurant and hotel staff
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Catalina Island business owner pays $1.5M in wage theft case
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Liberal stronghold set to adopt eye-popping minimum wage amid business exodus
Politicians share frustration over water company pollution case
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Governor candidate Jerri Green talks minimum wage, health care in Clarksville speech
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Officials recover $17K in unpaid wages from McDonald’s franchisee for 23 minors
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Representative Nathaniel Moran introduces H.R. 10582: Motion Picture, Television, and Entertainment Revitalization Act
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Black politics needs more than better voting maps
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Lesbian Bar Project Co-Founder: Purity Politics Could Destroy Our Remaining Spaces
Subscribe As a professional lesbian and Massachusetts native, I’ve recently been asked by a lot of folks what I think about the saga unfolding at Last Ditch. The now-viral story, first reported by The Boston Globe, centers on a Western Massachusetts lesbian bar that lifted its mask requirement for one night a week to help drum up business. The decision ignited an intra-queer controversy that has been feasted on by media outlets across the political spectrum—from the New York Post to LGBTQ Nation—and is even reportedly being eyed for a Hollywood adaptation. Apparently nothing is more entertaining than a bunch of lesbians and queers fighting with each other over KN-95s. What has been lost in all of the chatter and media coverage is the very real possibility that Last Ditch, which just opened in April 2025, will have to close its doors. The venue’s one remaining founder, Jackie Matellian, revealed in a community Zoom meeting that she’s working four jobs, is now solely responsible for the bar’s $50,000 business loan and is struggling to keep up with the bills. So as we laugh about the controversy’s similarity to a “Portlandia” skit and how one of the bar’s founders left to enroll in clown school, we forget that yet another lesbian bar is facing an existential crisis—and this time the call is coming from inside the house. In 2020, my friend Elina Street and I created The Lesbian Bar Project, an Emmy-, Webby- and GLAAD Media Award-winning docuseries and initiative that tells the stories of lesbian queer bars around the world. We were moved to act because at the time there were only an estimated 16 lesbian bars in the United States, and the pandemic threatened to bring that number down even further. There are now more sapphic bars than there were just before the pandemic—about 36 of them in total—but this is down from approximately 200 in 1980. Maybe that doesn’t mean much to you, but for the millions of sapphics living in the U.S., this number is calamitous. As the world laughs at lesbians and sapphics, I want to take a second and tell you what I feel when I walk into one of these bars, which are all unique and irreplaceable in their own way: I feel seen. Sometimes I think Cubbyhole in New York City’s West Village neighborhood knew I was gay before I did. When I walked in there for the first time, before I was even out, I was transfixed by the colorful array of tchotchkes hanging from the ceiling and how the women standing next to me were completely unafraid to express their desire for one another. I knew the minute I was ready to come out, I had a home. I also felt the joy of a new couple falling in love at Seattle’s Wildrose, the quiet confidence of a short king lining up her shot at the pool table at Ginger’s in Brooklyn and the kick of cayenne pepper in Julie Mabry’s crawfish at Houston’s Pearl Bar. Subscribe Lesbian bars don’t just serve lesbians; they serve queer folks across the spectrum, including bisexual, pansexual and trans people. As Elina and I traveled across the U.S. and Europe and to parts of Latin America to document the bar owners, staff and patrons that make up the ecosystems of these spaces, we also became uniquely acquainted with the factors that threaten their existence: gentrification, wage gaps, sexism, environmental disasters, gun violence, rising insurance premiums and political administrations working to annihilate queer people and their families. Lesbian bar owners, like all leaders and entrepreneurs, are imperfect. There have been significant issues over the years at lesbian bars: employee harassment, racism, lack of accessibility, sexual assault and transphobia. All bar owners should be held accountable and should listen to their communities to evolve into safer and more equitable spaces. I also acknowledge my privilege: I am able-bodied, white, cis and from a family system that loves me for who I am. Not everyone has that. Queer people, especially trans and bisexual people, are suffering from disproportionately high levels of depression, and our mental health system isn’t equipped to support them. Immunocompromised people and long COVID are real, and many of my friends are suffering to this day. The people with the least safety net are often the ones for whom a bar closing costs the most. And yet, as we’re seeing with Last Ditch, the queer community often lashes out at each other. It’s also the mainstream media taking the internal conflict and making a mockery out of it, distracting from the real possibility that this bar could close due to financial pressures. A bar that many people loved and needed is facing extinction. Perhaps it’s safer to dissent with one another than with the larger forces trying to eradicate us, but in doing so, we risk destroying the few spaces we have left. Due to the constraints of purity politics—some in good faith, some not so much—lesbian bar owners, almost all of whom are queer women themselves, are forced to be everything for everyone, similarly to how women are forced to be everything for everyone. By asking these bars to uphold impossible standards—standards very few other third spaces are asked to consider—we all end up losing. I want to move as a community toward dialogue, compassionate dissent and collaboration to make our spaces better with the goal of keeping them OPEN and thriving, rather than destroying them from the inside with expectations that are arguably unattainable. Subscribe While I have your attention—for this fleeting second of the news cycle—may I urge us to spearhead a way to keep these small businesses afloat without attacking our own community along the way? Bar owners are left with an impasse: They want to be community-centered, but they also have to make money to keep their doors open. Sometimes they might make business decisions that don’t work for everyone—and that’s partly because different patrons have different priorities and want different things—but these owners deserve the opportunity for productive dialogue**.** We have to work with them and with each other to keep our spaces open, to keep them growing. Lesbian bars raised me into the queer woman I am today. One thing I think about as I reflect on the six years of work we’ve done to document these spaces is that shared, unspoken language I have with a stranger the moment we both walk into one of these bars: the nod, the ease, the not having to explain ourselves. I don’t want to lose that, and neither should you. If objective, nonpartisan, rigorous, LGBTQ-focused journalism is important to you, please consider making a tax-deductible donation through our 501(c)(3) fiscal sponsor, Resource Impact, by clicking this button: Donate
IEDC boasts businesses moving to Indiana, eyes supercomputer and Space Academy
State officials are touting strong wage growth and low unemployment while attracting business investment to Indiana. Supercomputer and Space Academy are being eyed as future investments.
Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts
The 6th Circuit Court of Appeals ruled that prediction market Kalshi’s sports-event contracts are subject to Tennessee’s sports-wagering laws
Political cartoons for September 28
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A Trump 2024 Campaign Ad Returns, Now Brought to You by The Government
The ad, which ethics experts said could violate federal law, shows Mr. Trump vowing to “expel warmongers” from the government and fight the “deep state,” even as he wages a war with Iran.
Have minimum wages kept up with food prices in Europe?
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Chili Festival 2026
NEWPORT–The 2026 Chili Fest took place in downtown Newport on Saturday from 11-2, featuring a chili cook-off, wagon rides and more. Here are a few pics from the event, and
Airport sewer spill affecting Flint River health, tests show
After a sewage spill from the world’s busiest airport, tests in a river that supplies drinking water to more than 400,000 Georgians found E. Coli levels so high they were off the charts