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California moves away from paraquat weed killer due to health and environmental concerns
California is moving away from paraquat, a weed killer that health officials say can be highly toxic.
Luigi Mangione admits killing healthcare CEO and pleads guilty to federal charges
"I shot Mr Thompson in Manhattan and he died," the 28-year-old said after pleading guilty to charges of stalking resulting in death.
MVNU launches online Master of Science in Speech-Language Pathology
MOUNT VERNON — Mount Vernon Nazarene University has launched its Master of Science in Speech-Language Pathology (MS-SLP), a graduate program featuring fully online coursework and extensive clinical training to prepare the next generation of skilled speech-language pathologists. Offered through MVNU’s College of Adult and Professional Studies, the program prepares students to diagnose and treat a […]
Luigi Mangione pleads guilty to killing health insurance CEO Brian Thompson
“I shot Mr. Thompson, and he died,” the 28-year-old said
Outrage at UnitedHealth and Other Insurers Persists After Brian Thompson Killing
Higher premiums and rising medical bills have intensified Americans’ dissatisfaction with their medical coverage.
Luigi Mangione to appear in court for expected guilty plea in killing of UnitedHealthcare CEO
Luigi Mangione is scheduled to be in federal court Friday for a hearing at which he's expected to plead guilty in connection with the 2024 killing of UnitedHealthcare CEO Brian Thompson, according to a person familiar with the matter.
Meet Sauqina: ‘My Program Will Really Prepare Me to Upgrade My Skills as a STEM Education Lecturer’
After various roles in the field of science education, Sauqina had the opportunity to help prepare the next generation of science teachers. Now, as a Fulbright Scholar earning her Ph.D. in the Learning and Teaching in STEM science education concentration, she is excited to upgrade her skills and work with other experts in the NC State College of Education.
Why storytelling is becoming a must-have business skill
Businesses today are competing not only for customers but also for attention.
Live Updates: Luigi Mangione Will Plead Guilty to Federal Charges
Mr. Mangione and his lawyers said that he plans to plead guilty to charges in connection with the 2024 killing of a health insurance executive, Brian Thompson, whose family is also in the courtroom in Manhattan.
Trump’s immigration crackdown is killing small business as patrons avoid ICE deployments
Angelenos stopped going out in places where ICE was in their city, and small businesses lost millions in revenue. Experts warn that it’s a national trend.
The nation’s cartoonists on the week in politics
Every week political cartoonists throughout the country and across the political spectrum apply their ink-stained skills to capture the foibles, memes, hypocrisies and other head-slapping events in the world of politics. The fruits of these labors are hundreds of cartoons that entertain and enrage readers of all political stripes. Here's an offering of the best of this week's crop, picked fresh off the Toonosphere. Edited by Matt Wuerker.
Kids to learn business skills running their own booths at Arlington County Fair
Booths run by some of Arlington's youngest entrepreneurs will be setting up at the Arlington County Fair this weekend, selling crafts, food and more. Kids Markets will be hosting two kid-run markets on Saturday and Sunday at the fair, setting up booths in the upper field with goods such as jewelry, arts and crafts, crocheted
Microsoft kills off unsuccessful AI features while merging its separate Copilot apps
Microsoft is simplifying Copilot by combining its consumer and business apps, and dropping AI-generated podcasts, Group Chats, Deep Research, and its Mico character.
High-flying entertainment: Airway X Motocross wraps up Cyber Optics races starting this weekend
Airway X Motocross begins its final two Cyber Optics night races of the season this weekend, with the finale set for Aug. 28-29 and a $10,000 purse for professional riders. The night series features racing for riders of all ages and skill levels.
Pennsylvania weighs mental-health focus in health and PE standards
A proposed state update could add mental-health awareness, healthy relationships and help-seeking skills to health and PE instruction.
How public health research supports accountability for Israeli war crimes in Gaza
During previous Israeli attacks, 30-41% of those killed were women and children. Between 7 October and 24 November 2023, that figure was 67%.
WHO says Congo’s Ebola outbreak is on track to surpass the deadliest one in history
GENEVA (AP) — The ongoing Ebola outbreak in Congo is on track to surpass the deadliest one in history that killed over 11,000 people out of more than 28,000 cases, the head of the World Health Organization said Wednesday.
ResQ Says Missed Calls Are Killing Trade Businesses. Its Fix Starts With a $50-a-Month Toolkit
ResQ is moving beyond its restaurant marketplace with tools that help plumbers, HVAC contractors, and electricians capture missed demand and repeat business.
The Hollywood Merger Won’t Kill Entertainment Jobs. Blocking It Might
Something besides industry consolidation is clearly to blame for Hollywood’s current contraction.
Science of Speed opens at Kamin Science Center
Pittsburghers tested their driving skills during the opening of Science of Speed at Kamin Science Center.
Sony Announces Phantom Blade Zero State of Play and Everyone Knows How the Chat Is Going to Go
Promising looking action game Phantom Blade Zero is getting its very own State of Play, but if the reaction to Sony’s announcement is any indication, the chat is going to be overrun with angry comments about Sony’s decision to kill PlayStation discs.
Dolphins Filmed Hunting With Shells – And Possibly Passing The Skill to Their Offspring
"The second I saw that shell in the air, I immediately knew what was happening."
Skillfully Adding AI To The HHS Pledge On Advancing Best Practices For National Mental Health Care
HHS released a pledge to advance national mental healthcare. I add AI to the six stated principles, since AI will be integral to this. An AI Insider analysis and scoop.
Investing in young people is a win for business and society
Developing young people in the workplace is an imperative – and the private sector has the scale, expertise and market insight to help them acquire the needed skills and experience.
Jury selection continues on Day 2 of Tupac's murder trial. Why did it take 30 years to get here?
The long-awaited trial over Tupac Shakur's 1996 killing begins on Monday, with prosecutors relying heavily on Duane "Keffe D" Davis's own statements.
California to phase out paraquat, a powerful weedkiller associated with serious health issues
The California Department of Pesticide Regulation said all manufacturers of pesticide products containing paraquat have "voluntarily canceled" their product registrations.
Stop Killing Games Joins Dutch Consumer Group's $457M Lawsuit Against Sony Over Digital Store 'Monopoly'
The Stop Killing Games movement is officially suing Sony, claiming the company’s “monopoly” over the video game market is blatantly “against the law.”
Stop Killing Games Joins Lawsuit Against Sony's Digital 'Monopoly'
Both Stop Killing Games and DoesItPlay are lending their support to a lawsuit against the digital 'monopoly'
Pickup truck accident in Egypt's Ismailia leaves 15 dead, health ministry says
Fifteen people were killed and 32 others were injured when a pickup truck carrying workers rolled over in Egypt's Ismailia Governorate, the health ministry said on Tuesday.
Guenther and Ware for Real Clear Science: The Trump Administration’s Most Dangerous Attack on Science Yet
Donald Trump’s assault on the American scientific enterprise has been death by a thousand cuts. But the latest push from the Office of Management and Budget (OMB) may just be the kill shot. OMB proposed a rule to “improve government-wide policies and requirements related to the management of grants, cooperative agreements, and other forms of […]
Bills may have uncovered another fifth-round draft gem
Rookie fifth-round pick Jalon Kilgore is making a strong push for a roster spot through his versatility and ball skills.
2 fatally shot while leaving business on Chicago's South Side, police say
Three suspects opened fire on two people as they left a business Monday evening on Chicago's South Side, killing both victims, authorities said.
Ars Live: Ross Scott discusses the Stop Killing Games movement
Our discussion takes place live on August 11 at 3 pm ET.
Jury selection begins in Tupac's murder case. Why did it take 30 years to get here?
The long-awaited trial over Tupac Shakur's 1996 killing begins on Monday, with prosecutors relying heavily on Duane "Keffe D" Davis's own statements.
Health Alert: Vibrio vulnificus kills 7 people, Taylor Farms recalls jalapeño products
Experts Talk Postpartum Psychosis Symptoms and Diagnosis Amid Lindsay Clancy Trial
Whether Lindsay Clancy was suffering from undiagnosed postpartum psychosis when she killed her three children is central to her defense. Her Massachusetts murder trial is ongoing.
Someone Made a Terrific Deal in the Peacock/YouTube Premium Partnership…But Who?
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) I hope everyone around the world suffering from record heat waves is doing okay. The temperature is already up in Southern California, but obviously not nearly as bad as parts of Europe. With a super El Nińo coming this year, I worry it will get even worse. Yes, we know what’s causing this heat—it’s the carbon, duh—but we really aren’t making enough progress. I’m not “environmental strategy guy”, but if I were, I’d have some ideas of what I’d try. Honestly, for years I’ve been intrigued by the work of the folks at MEER—whose plan, super simply, is to put up mirrors to reflect heat (while continuing the important work of decarbonization)—but I’m frustrated this idea hasn’t made more progress. (Other geo-engineering groups seem to get better press.) With heat like this—cancelling events, hurting economies and, most importantly, killing people—it seems like the time to push solutions! The “mirrors on the ground” solution has barely been tried.1 While entertainment companies may not “feel the heat”, lots of outdoors/experiential industries—concerts, theme parks and so on—will. Even movie theaters could benefit, since mirrors could help lower AC costs, which I imagine is not an insignificant expense, especially in the hotter areas of the country. So I do think the entertainment industry should prioritize this issue. Anyways, let’s get back into the entertainment strategy. I was about to write, “Hey, this week we don’t have any mergers and entertainment news to dive into,” but that’s not really true, since we had more updates on Paramount-Skydance and Warner Bros. Discovery. But the big story of the week involves a streamer and a Big Tech platform bundling their respective streamers. So I’ll write about the updates on Paramount buying Warner Bros., Versant making some moves, and a whole lot more. But we start with a surprising deal: Peacock licensing their content to YouTube Premium. Let’s dive in! Subscribe Most Important Story of the Week - Peacock’s Pricey Premium Partnership The story of the week is Comcast’s2 NBC-Universal’s Peacock making a deal with Google’s YouTube’s YouTube Premium subscription product to embed their content. And I’ll say this up front: Someone made a terrific deal. The question is who. And I’ll be honest: I don’t know. Let me explain why, including why this deal exists, the pros and cons for each side, the biggest unknown, and what that says about the streaming wars. Customers Love Bundles (But YouTube Has Its Own Issues) We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why customers love bundles… But why I’m worried about YouTube’s integration... How Peacock is trading scale for control… And the reason they likely made this deal... The odd budget math for this deal... Whether or not I think the Paramount-Skydance/WBD deal is more likely after the latest settlement... Versant making moves and why that’s good for Hollywood… Another distributor going out of business… ...and a whole lot more! ...please subscribe! We can only keep doing this great work with your support.
Roundup: AI construction jobs / Jalapeño recall / US battery production
BlackRock partnership: BlackRock and its AI Infrastructure Partnership are partnering with North America’s Building Trades Unions to connect upcoming data center and energy projects with skilled construction workers. The agreement aims to address labor shortages while promoting fair wages, job protections and training, amid concerns about AI’s impact on employment and communities affected by large […]
Farmer trusted AI after it gave good advice, then it helped wipe out 25 acres of his crops
The 67-year-old farmer was recommended by the AI to use high-efficiency flupyrimethalin and flusulfasulfaether to kill weeds and mix it with thiamethoxazine and methyl salt. As reported...
Man accused of orchestrating Tupac Shakur's 1996 killing goes on trial
The unsolved case has gripped the hip-hop world for 30 years
Man accused of orchestrating Tupac Shakur's 1996 killing goes on trial
The unsolved case has gripped the hip-hop world for 30 years
Man accused of orchestrating Tupac Shakur's 1996 killing goes on trial
The unsolved case has gripped the hip-hop world for 30 years
UNCW Business School Students Travel to Prague for Real-Life Consulting Experience by David Glew
This article was contributed by Kestrel Smoot, International Programs Coordinator for UNCW’s Cameron School of Business. During the most recent spring semester, 33 upper-level finance and marketing students from the UNCW’s Cameron School of Business traveled to Prague, Czechia, to participate in an intensive international consulting project. Unlike traditional study-abroad programs, the Prague consultancy project focuses on real client engagement. Each year’s project is entirely new, designed through collaboration between faculty and industry partners to identify a current business challenge that students will address. This year, students worked with MAMS-Champi, a Czech non-alcoholic beverage company that is seeking to expand into other global markets. Throughout the first half of the semester, students attend class at UNCW and prepare for their time abroad by conducting preliminary research, developing analytical frameworks, and organizing themselves into specialized teams responsible for tasks such as marketing strategy, industry analysis, consumer segmentation, and competitive evaluation. The course emphasizes independence and teamwork, requiring students to take ownership of their work, manage deadlines, and collaborate across functional groups. Additionally, faculty serve as advisors, allowing students to navigate the complexities of the project much as they would in a professional consulting environment. Once in Prague, students met with company leadership, toured facilities, and refined their recommendations based on real-time feedback. The in-person component is widely regarded as the most transformative aspect of the program because students must synthesize weeks of work into a cohesive presentation and deliver it to the client, demonstrating professionalism, strategic thinking, and adaptability. Beyond the consulting work, students participated in cultural and educational activities that broadened their understanding of global business environments. They explored Prague’s historic districts, learned about Czech culture, and engaged with local professionals. These experiences helped students understand how economic, regulatory, and social factors shape market opportunities. The Prague consultancy project stands as a defining example of the Cameron School of Business’s commitment to experiential learning, consistently strengthening students’ confidence, enhancing their resumes, and serving as a focal point in job interviews. Employers recognize the value of the hands-on experience and transferable skills students gain, underscoring the program’s role in preparing industry-ready graduates for today’s fast-moving business landscape.
A man accused of orchestrating Tupac Shakur's 1996 killing is on trial. Here's what to know
The trial of a man accused of orchestrating the 1996 killing of rapper Tupac Shakur starts this week. The unsolved case has gripped the hip-hop world for 30 years. The trial is expected to last about...
Jabari Smith Jr. Aims to Improve his Ball Handling Skills
Jabari Smith Jr. states that he is committed to improving one of his biggest weaknesses: ball handling.
‘America’s saddest murder trial’: mental health in focus in Lindsay Clancy case
Jurors hear from host of medical experts as defence says postpartum psychosis caused young mother to kill children
Business Briefcase: Open-air downtown farm market underway
SHENANDOAH — Schuylkill County’s longest running seasonal outdoor downtown farm market is continuing its run from 8 a.m. to noon Tuesdays and Fridays through November along the east side of the first block of South Main Street. Launched in …
Medicaid Cuts Could Kill Safety-Net Health Centers
Federally qualified health centers are an essential source of medical care for poor and working-class Americans, especially in rural areas and neighborhoods of color. Medicaid cuts in Donald Trump’s Big Beautiful Bill could shut them down.
The job market is forcing career pivots, upskilling, reinvention
People are embracing changing careers, upskilling, and becoming their own bosses in the sluggish job market.
UFC Vegas 120 Bonuses Are Revealed
Following the UFC Vegas 120 card on Saturday night at Meta Apex in Las Vegas, we learned which fighters took home the post-fight bonuses. Check out all of the bonus winners for the evening below. Performance of the Night ($100,000 to the fighter): Quillan Salkilld In the main event of UFC Vegas 120, Quillan Salkilld […] The post UFC Vegas 120 Bonuses Are Revealed appeared first on HEAVY.
Iran Releases Video Of Mojtaba Khamenei Amid Health Rumours
Mojtaba Khamenei reportedly suffered severe facial and leg injuries in the February 28 US-Israeli attack that killed his father, Ali Khamenei.
Commanders sign offensive linemen Daniel Brunskill and Nicholas Petit-Frere
Salkilld Vs. Gamrot Odds, Full Fight Preview & Prediction
Ultimate Fighting Championship (UFC) Lightweight standouts Quillan Salkilld vs. Mateusz Gamrot will clash TONIGHT (Sat., Aug. 8, 2026) inside Meta Apex in Las Vegas, Nevada, for UFC Vegas 120. Salkilld is the brightest Australian prospect in quite some time. In less than two years on UFC’s roster, Salkilld has racked up five wins and four […]
5 dead from rare flesh-eating bacteria in Louisiana
Vibrio vulnificus bacteria, a flesh-eating bacteria, has hospitalized nine and killed five in Louisiana in 2026, health officials say.
5 dead, 4 hospitalized in Louisiana from flesh-eating bacteria outbreak: health officials
A rare bacteria found in warm coastal waters has killed five people in Louisiana so far in 2026, with state health officials warning residents to take notice.
5 dead, 4 hospitalized in Louisiana from flesh-eating bacteria outbreak: health officials
A rare bacteria found in warm coastal waters has killed five people in Louisiana so far in 2026, with state health officials warning residents to take notice.
5 dead, 4 hospitalized in Louisiana from flesh-eating bacteria outbreak: health officials
A rare bacteria found in warm coastal waters has killed five people in Louisiana so far in 2026, with state health officials warning residents to take notice.
KCPD: one man shot and killed at a business in the 3900 block of Main
Kansas City, Missouri Police are investigating a homicide in the 3900 block of Main. No one is in custody.
Norwegian soldiers training Ukraine's soldiers for 'Viking mentality'
Norwegian troops are bringing battlefield skills and a Viking-inspired warrior mentality to training Ukrainian soldiers on NATO soil.
AI is booming on the West Coast. So why is unemployment so high there?
A resume with AI skills and over a decade of tech management experience doesn’t mean there’s a position available for many job hunters on the West Coast.
Scientists Used AI To Produce A Bacteria-Killing Virus, “A Little Bowel Movement” 540 Million Years Ago Sparked An Evolutionary Explosion, And Much More This Week
All the biggest science news stories of the week.
Scientists turn to sharks to improve hurricane predictions
From the killer shark of Jaws to the tornado-tossed predators of the Sharknado movies, films long have portrayed sharks as objects of summer fear. But when a shark cuts through the waters off the U.S. East Coast, it now may be doing more than hunting. It may also be gathering data that helps scientists understand the potential intensity of a hurricane before it makes landfall.
UFC Vegas 120 Results: Gamrot vs. Salkilld
Mateusz Gamrot, Quillan Salkilld clash in UFC Vegas 120 main event
Vikings QB Race Heating Up With One Name Pulling Away
The Minnesota Vikings quarterback battle has been one of the biggest stories for training camp to this point. Friday gave another chance for the quarterbacks to showcase their skills. J.J. McCarthy had the better day on Friday according to statistics, but SKOR’s Judd Zulgad pointed to one metric that worked in Murray’s favor.McCarthy had a […] The post Vikings QB Race Heating Up With One Name Pulling Away appeared first on HEAVY.
Atlassian's AI surprise: More software developers, not fewer
AI was supposed to kill developer jobs. Atlassian's latest results suggest it's creating more software builders, not fewer.
UFC Vegas 120 Predictions for Mateusz Gamrot vs Quillan Salkilld
UFC Vegas 120 goes down this Saturday, August 8, at Meta Apex in Las Vegas, Nevada. With 12 fights on the card, it should be an exciting night of action for fight fans who are looking forward to seeing some entertaining scraps. Here are our picks for all 12 fights on the card. The main event of UFC ...
Beachgoers warned after deadly 'flesh-eating' bacteria kills 5 in southern state
Five deaths in Louisiana from Vibrio vulnificus mark a sharp rise, as all nine cases involved open wounds exposed to warm seawater this year.
2027 Dodge Charger Super Bee; special colors and new Durango concept
Dodge unveiled the 2027 Dodge Charger Super Bee ahead of Roadkill Nights in Pontiac.
How Cohere Health digitizes clinical policies using Amazon Bedrock AgentCore
In this post, you learn how Cohere Health built a multi-tenant agentic architecture on AgentCore using AgentCore Runtime’s secure MicroVM isolation, unified tool access through AgentCore Gateway, AgentCore Memory, and the Agent Skills open standard to rapidly scale policy digitization capabilities, while preserving transparency, version control, and human oversight.
Employers everywhere are using AI – but business schools aren’t preparing students for the shift
Amid the rise of AI, researchers found that employers still value skills like communication, professionalism and teamwork among prospective and new employees.
Harvard Business Impact Launches Skills Training For Undergrads
With the new Essential Skill Suites course materials, Harvard Business Impact bets on hands-on practice over theory.
Lettuce brings the heat to the Englert
Lettuce continuously hones its improvisational skills, drawing inspiration from legends like the Grateful Dead and Miles Davis to authentically capture spontaneous musical moments live and in the studio.
Cleaning products used to kill germs may come with hidden risks
Chemicals used to kill germs in homes, schools, daycares and offices may carry hidden health risks science is just now beginning to understand.
The nation’s cartoonists on the week in politics
Every week political cartoonists throughout the country and across the political spectrum apply their ink-stained skills to capture the foibles, memes, hypocrisies and other head-slapping events in the world of politics. The fruits of these labors are hundreds of cartoons that entertain and enrage readers of all political stripes. Here's an offering of the best of this week's crop, picked fresh off the Toonosphere. Edited by Matt Wuerker.
Flesh-eating bacteria has killed 5 in Louisiana this year, officials say
A flesh-eating bacteria found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
UFC Vegas 120’s Mateusz Gamrot ‘changed his style’ because ‘the politics’
“Gamer” knows what’s up. No. 8-ranked Ultimate Fighting Championship (UFC) Lightweight Mateusz Gamrot welcomes red-hot Australian prospect Quillan Salkilld to the main event scene when the two headline UFC Vegas 120 this weekend (Sat., Aug. 8, 2026), inside the Meta Apex in Las Vegas, Nevada. For Gamrot, this is familiar territory. UFC Vegas 120 will […]
Epic Spaceman Uses Animation, VFX To Explain Science. Without AI
Toby Lockerbie explains how he turned self-taught animation and VFX skills into one of YouTube’s top science channels, and why genAI has no place in his videos.
Former Clancy nanny testifies about mother's mental health issues before killings
Months before Lindsay Clancy strangled her three children, she lost significant weight, couldn't sleep and complained of postpregnancy mental health issues, the family’s former nanny testified at her murder trial Wednesday. But the nanny never worried the Massachusetts mother might be a danger to her children or to herself.
PhD Student Locks Spot as Rising Cybersecurity Researcher
By Kim Horner | Computer science professor Dr. Kevin Hamlen is on a quest to train students in a combination of high-demand computer-security skills: the mathematical reasoning needed to prove software is secure and the programming expertise needed to uncover real-world vulnerabilities that could lead to cyberattacks. The University of Texas at Dallas cybersecurity expert […]
AI designs a novel E. coli killer
Using an AI model of their own creation that writes whole genomes, a team of Stanford scientists has engineered a novel bacteria-fighting phage. A new age of antibiotics could be on the horizon.
Blackhawks Trade Pitch Lands Flames $30M Skilled Winger
The Chicago Blackhawks have undoubtedly had an eventful offseason. They have added new players to their roster, including Bowen Byram, Jordan Greenway, Cole Smith, and Ian Cole. They also brought back franchise legend Patrick Kane on a two-year, $8 million AAV contract.Overall, with these moves, it is clear that the Blackhawks want to be more […] The post Blackhawks Trade Pitch Lands Flames $30M Skilled Winger appeared first on HEAVY.
World’s most-used weedkiller disrupts honeybee brains
Glyphosate was long thought to be safe for honeybees because they lack the enzyme the chemical targets in weeds. However, researchers found that exposed bees foraged 13 percent less after only three days and showed changes in brain chemicals linked to behavior. Across a whole hive, that decline could reduce honey production, weaken pollination, and threaten long-term survival.
New AP courses focus on business, finance and cybersecurity skills
The program is an effort designed to connect high school coursework with real-world job skills.
Google plans to kill Assistant on your phone on September 4
Assistant will disappear, leaving only Gemini for voice control in the coming weeks.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. I am particularly pleased that it goes out for free to thousands of subscribers around the world. But, writing this newsletter takes a lot of work. If you are enjoying it and would like to support the project, sign up for one of the subscription options here. It is the equivalent of a fancy cup of coffee per month! Subscribe
Rochester-area executive education adapts to AI and leadership demands
Rochester-area executive education programs evolve to emphasize ai, critical thinking, and leadership skills for a rapidly changing business environment.
Justice minister defends early release of PC Andrew Harper’s killers amid possible legal challenge
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Stanford scientists discover immune cells that explode like microscopic bombs
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'Putting Politics to One Side': Aaron Rai Makes Feelings Clear on DP World Tour's Future
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Gravity Falls And The Owl House Are Both Getting New Releases Soon, And The Wait Is Killing Me
Tigard healthcare provider announces 100+ layoffs as it moves away from skilled nursing
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The Beauty Of Settled Science
Commenters convinced me I made a subtle mis-step in my framing of Psychology Research Is Mostly Fine. My framing emphasized that social priming studies had failed to replicate, but that many other subfields of psychology hadn’t. This naturally led commenters to point to failed replications in other subfields. Although none of these were as bad as social priming, few or none were entirely problem-free. Instead of emphasizing the difference between social priming and other subfields, I should have emphasized the difference between settled science and novel research. Here are some of my favorite psychology findings: The brain is sculpted by reinforcement learning, and a key driver of this learning is a prediction-error-based algorithm located in the nucleus accumbens and implemented through dopamine. Psychedelic drugs exert their effects through 5-HT2A receptors, pointing to a role for these receptors in some sort of construct like the balance between priors and new evidence. Certain cognitive functions are localized to certain brain areas (for example, impulse control to the frontal lobes; linguistic structure to Broca’s area, linguistic meaning to Wernicke’s area. But injure one of these areas, or render a certain function useless (eg a blind person having no more use for their visual cortex), and these mappings can gradually shift - suggesting that neurons are general-purpose compute whose specialization is a contingent fact about convenience and efficiency rather than a necessity. Most personality traits and general capabilities are about 50% genetic and 50% random, with little role for family environment or childhood history, with a few notable exceptions like partisan preference. Recent research complicates this story, but the further you go from this basic picture, the gnarlier the chains of indirect causation you require. Neurons fire together in “brain waves”, whose exact frequency corresponds with the character of consciousness; These divide neurons into natural subpopulations and linked graphs. The gamma rhythm corresponds surprisingly well to items in conscious awareness. GABA receptors seem to be involved in something like relaxation. By hitting different GABA receptors in different ways, you can modulate the exact type of relaxation you produce. Hitting GABA-A directly is too powerful and can cause dangerous levels of sedation, but allosteric modulation of GABA is an incredibly fruitful strategy that underlies drugs from benzos to barbituates to alcohol. If you know your GABA-A subunits, you can target specific subtypes of relaxation; for example, Ambien hits GABA-A1 and induces sleep. Memory divides somewhat fuzzily into bins of immediate-sensory, short-term, and long-term, with separate retrieval and storage functions, and separate systems for declarative vs. procedural learning. These can be harmed selectively, usually by hippocampal injury, so that some patients can remember their life stories but not form new long-term memories, or learn new skills like bike-riding but not new facts. The exact substrate of memory is unclear but seems to involve new synaptic connections between neurons in at least some way. The ability of modern psychology and psychiatry to treat mental illness is real but limited. SSRIs work for half or slightly fewer than half of patients; antipsychotics work with extreme side effects; benzodiazpines work but produce addiction and tolerance in many (not all) people. Most supplements are stuck in Poor Quality Study Replication Crisis Hell, but melatonin and l-theanine stand out as especially promising. Psychotherapy works with moderate effect size, but (with a few exceptions) seems to be more about the relationship with the provider than the details of the therapy itself. Mental hospitalization can sometimes defuse immediate crises but work less well than mental hospitals would like, with some studies showing overall negative effects. Schizophrenia is mostly genetic, but risk also increases with prenatal infection (especially rubella) and obstetric complications; there is suggestive evidence for roles of social stress and drug use (with psychedelics and marijuana making things worse, and nicotine if anything making things better). Bipolar and schizophrenia are so closely linked on a pathophysiological level that it seems like they might be the same disease; on the clinical level, they do seem to follow two separate courses/prognoses but can sometimes surprise clinicians by eg someone who seemed condemned to permanent schizophrenia unexpectedly recovering. The brain’s native reinforcement learning algorithms cash out in the phenomena of classical and operant conditioning; different reinforcement schedules reinforce at different levels, which can be exploited by bad actors to make especially compelling products (eg slot machines). None of these are immune to doubt. A few are speculative; one or two are genuinely unorthodox. But they’re all a step above one p = 0.049 paper that might not replicate. If they get overturned, they’ll be overturned by the same sort of genuine scientific shift that replaced Ptolemy with Copernicus or Lamarck with Darwin, not some sort of sordid discovery about someone entering random numbers into a spreadsheet. In 2008, Eliezer Yudkowsky wrote about The Beauty Of Settled Science: If you only care about scientific issues that are controversial, you will end up with a head stuffed full of garbage. The media thinks that only the cutting edge of science is worth reporting on. How often do you see headlines like “General Relativity still governing planetary orbits” or “Phlogiston theory remains false”? So, by the time anything is solid science, it is no longer a breaking headline. “Newsworthy” science is often based on the thinnest of evidence and wrong half the time—if it were not on the uttermost fringes of the scientific frontier, it would not be breaking news. Scientific controversies are problems so difficult that even people who’ve spent years mastering the field can still fool themselves. That’s what makes for the heated arguments that attract all the media attention. Worse, if you aren’t in the field and part of the game, controversies aren’t even fun. Don’t be embarrassed to read elementary science textbooks, either. If you want to pretend to be sophisticated, go find a play to sneer at. If you just want to have fun, remember that simplicity is at the core of scientific beauty [...] A steady diet of science news is bad for you: You are what you eat, and if you eat only science reporting on fluid situations, without a solid textbook now and then, your brain will turn to liquid. Psychology isn’t centrally the new paper in Annals Of Recently-Breaking News saying that an n=5 study showing that large portion sizes increase support for terrorism. Psychology is centrally ideas like brain waves, GABA receptors, reinforcement learning, twin studies, and connectionism. People who think differently are worrying too much about BREAKING NEWS!!!, and should stop. The key distinction isn’t “recent research in social psychology” vs. “recent research in cognitive/bio/behavioral psychology”, as my essay last week unfortunately implied. It’s recent research in general vs. the deposit of settled science, battle-tested hypotheses, and carefully-earmarked speculation. And part of the reason social priming in particular was such a disaster was that it defied that heuristic, building itself up over hundreds of studies until it approached or even entered the pantheon of settled science - before collapsing (5-HTTLPR was also sort of like this). This isn’t a claim that settled science is always right - Freud was “settled science” for a long time - just that there’s an intuitive distinction between the level of credence you should have in the existence of power posing vs. the existence of Broca’s Area. (I compounded this error by calling the last post “Psychology Research Is Mostly Fine”, which suggested I was talking about the new research rather than the settled science. I actually meant to distinguish between research-psychology-the-field vs. clinical-psychology-aka-therapy, but this framing unintentionally pushed against the point I wanted to make) Some commenters on the previous article understood this point, but challenged its weight. It’s very cool, they said, to know how many neurons are in which brain lobe, but the main way that Psychology affected their lives was through bad clickbait studies used to buttress dumb policies; some p = 0.049 study says that exposure to microaggressions makes minorities’ brains shrivel into raisins, and now their company has to implement punitive DEI or be sued for hazardous work conditions. I won’t dispute this as an accurate description of how the sausage gets made, but it’s worth examining the trains of thought that connect this observation to a campaign against psychology in general: The dumb woke psychology was wrong and bad, and I don’t have good heuristics for distinguishing dumb woke psychology from other psychology, so I’m going to assume it’s all wrong and bad. The dumb woke psychology was wrong and bad; it seems useful to punish/discredit psychology as a whole to assist my campaign against it, so for propaganda purposes I will try to discredit psychology as a whole. To people in the first camp, my response is: come on, your heuristics aren’t that bad. “Microaggressions makes minorities’ brains shrivel up like raisins” is in the woke category; “the hippocampal theta rhythm seems to be associated with both memory and pathfinding, suggesting an unexpected yet surprisingly compelling relationship between the two” is in the not-woke category, don’t play dumb here. To people in the second camp, my response is: deliberately exaggerated propaganda campaigns are bad and this is a confession, not an excuse. Inability to view science through anything but a political lens was what got us into this problem; doubling down on it is a temporary solution but a recipe for permanent disaster. If you pronounce entire fields of science to be acceptable collateral damage in your campaign against bad political actors, you will alienate not just scientists but patients, clinicians, and general lovers of truth. Instead, you can say the thing you mean - that woke partisans shouldn’t try to occupy and exploit the otherwise-noble science of psychology for their own political gain - and wage the same campaign with a halo rather than a comic-book-villain goatee. From the font of oracular wisdom that is Weird Sun Twitter: [ Vessel Of Spirit@VesselOfSpirit i love you all conditionally but i love the good part of you unconditionally. even if it becomes a very small part 2:11 AM · Jan 22, 2015 1 Reply · 5 Reposts · 29 Likes ](https://x.com/VesselOfSpirit/status/558084551772471298) This is how I feel about psychology1, too, but with a touch more optimism. The good part of psychology is enormous, a hoard of endless treasures. You just have to look past the headlines! 1 To play devil’s advocate - should one always be so magnamious? Astrology? Phrenology? These seem different in that their entire orientation was flawed from the start; they didn’t simply fail to find the correct constellation-personality connections, the whole project of searching for connections between constellations and personality was doomed from the start. More difficult might be asking the same question about education research, which is notoriously bad. I don’t know enough about education research to know if there’s some settled science of correct and enlightening results lurking in the background beyond the day-to-day froth of poorly-conducted and politically-motivated studies. I think if it’s 90% bad, 10% good, it’s correct to call it bad as a compact way of communicating a useful truth; I think psychology is better than that, but admit it’s a tough judgment call.
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MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
Scientists propose nuking solution to Doomsday asteroid — as thousands of city-killers swarm Earth
Scientists have devised an unorthodox solution to stop a potential Doomsday asteroid from destroying Earth — by nuking the space-rock with a force equivalent to multiple Hiroshima bombs.
UTC DNP students provide free health screenings, build skills at Chattanooga Wellness Expo
Despite the rain, hundreds of Chattanooga community members came to McKenzie Arena and the Wolford Family Athletic Center on Saturday, Aug. 1, for the Chattanooga Wellness Expo. Among them were 20 faculty members and students from the University of Tennessee at Chattanooga’s Doctor of Nursing Practice program.
Former FBI profiler: What separates serial killers from the rest
Former FBI profiler Candice DeLong spent two decades investigating crime. She explains why some killers stop after one murder while others keep going.
8 healthcare-specific jobs growing in popularity as work-from-home options
Some of the most in-demand healthcare jobs can be performed from home despite requiring direct caregiving skills.
Supreme Court won't halt $656 million judgment against the PLO and Palestinian Authority
Supreme Court Justice Sonia Sotomayor refused Monday to halt a $656 million judgment against Palestinian authorities in a long-running lawsuit filed by Americans killed or wounded in attacks in Israel.