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Inaugural Delbert E. Day Lecture to be held Oct. 15
The first Delbert E. Day Lecture on Glass Science and Technology will be presented by Dr. Claudio Mazzali, vice president of global research at Corning, Inc. The title of his lecture will be “Precision at Scale: Navigating the Science-to-Factory Continuum that Reshapes Industries for Glass Manufacturing and Beyond.” The lecture will be held at 3:30...Continue Reading Inaugural Delbert E. Day Lecture to be held Oct. 15
Top Iranian official admits dire state of the economy: Report
A top Iranian official reportedly admitted that Iran’s economy is in dire straits due to the war and the U.S. blockade of the country. Mohsen Rezaei, secretary of the Supreme National Security Council and former commander in chief of the Islamic Revolutionary Guard Corps, made the admission Saturday at a high-level government meeting focused on […]
US services sector activity slows in September; price pressures mount
US services sector activity slowed in September as supply chain strains and rising input prices signal persistent inflation risks into next year.
US commodities regulator proposes new federal crypto oversight rules
The U.S. Commodity Futures Trading Commission proposes new federal rules for crypto exchanges offering leveraged trading to streamline regulation.
ASU designs a statewide pipeline for Arizona's anesthesia workforce
Every surgery, C-section, trauma case and cancer operation in Arizona depends on a clinician administering anesthesia and keeping the patient safe while the surgeon works. The state needs more of these clinicians.As of September, the Arizona State Board of Nursing lists 1,759 certified registered nurse anesthetists, or CRNAs, in the state. In 2023, Arizona was short 732 nurse anesthetists, and the shortage is projected to reach 868 by 2033.
The Coalition used the SSD on Xbox Series S as makeshift RAM to help Gears of War E-Day run smoothly on it
Other game teams are reportedly already interested in learning the method…
Politics on Stage. Wonderful Life on Broadway. Jeremy O Harris to Mamdani: Call me. Stageworthy News of the Week.
On stage during the first week of October: Plays about the Epstein Files. Gun violence. Black women silenced. Complicity. Sexism. Homophobia. This seems an unusual burst of political theater even f…
New Regulations Make It Easier to Find, Compare, and Report Healthcare Pricing and Coverage Information
HHS announced that Americans will have access to more reliable, accessible, and actionable information about their health coverage
Celebrity birthdays for the week of Oct. 11-17 include Cardi B and Dominic West
Celebrities having birthdays during the week of Oct. 11-17 include rapper Cardi B, “The X-Files” creator Chris Carter and “The Wire” actor Dominic West. Rapper Eminem turns 54, singer Sammy...
How will humans of the future be augmented? Six striking ideas from science fiction
From expanded vision to immortal bodies, these screen depictions have all stretched our understanding of what technology could do to humans.
Italian American heritage advocates advance county museum plans
Suffolk County Executive Ed Romaine announced plans for a new Italian American museum to honor the community's history and contributions on Long Island.
Davids Fights Washington Healthcare Cuts with Plan to Lower Costs, Protect Kansas Hospitals
WASHINGTON, D.C. — Today, U.S. Representative Sharice Davids (KS-03) introduced a comprehensive package of healthcare legislation that directly counters Washington’s recent healthcare rollbacks, which are increasing monthly costs and closing rural hospitals. Davids’ efforts would protect Kansas families from rising medical costs, block new federal red tape, and keep local hospitals and health clinics open.
Windows 11 26H2 brings a hidden performance boost — and may slash RAM usage
Windows 11 26H2 quietly brings several performance improvements, including a Low Latency Profile that makes common tasks feel faster. Some users are also reporting lower RAM usage after the update, although Microsoft has not confirmed that 26H2 itself is responsible.
‘NCIS’ Star Mark Harmon Reveals Why He and His Wife Pam Dawber Keep a Low Profile
They've been married since the late ’80s!
Nobody remembers your EBITDA at your funeral
David Mammano highlights the importance of balancing profit with purpose in business to build companies that employees, customers, and communities value.
Hellblade studio Ninja Theory has started laying off staff, following Xbox’s announcement that it faces closure
Two separate agreements with the studio “fell through”…
Labour standards increasingly shape market access and business competitiveness
A new ILO Brief examines how labour standards and responsible business expectations are increasingly shaping market access, supply chains and business competitiveness in Asia and the Pacific. It highlights the role of employer and business membership organizations in helping companies navigate evolving requirements and promote better labour outcomes.
Health Agency says now is the time to update raspatory virus Vaccinations
COLDWATER, MI (WTVB) - As fall arrives and respiratory virus season gets underway, the Branch-Hillsdale-St. Jo...
Memorial Health team highlights support, expanded services during Breast Cancer Awareness Month
Memorial Health team highlights support, expanded services during Breast Cancer Awareness Month
Asia-Pacific survey to employers and business membership organizations on labour, trade and responsible business conduct
This ILO Brief presents the results of a survey of employer and business membership organizations (EBMOs) in Asia and the Pacific highlights growing business demand for support in navigating labour, trade and responsible business requirements. The findings point to the need for stronger technical expertise, practical tools and sustained support to help businesses maintain competitiveness and meet evolving market expectations.
ACSH in the Media: Yahoo News, RealClear, Science & Culture, and More
From cancer and cannabis to perverse research incentives, we’ve been busy confronting nonsense. Here’s a roundup of recent media appearances and pickups featuring ACSH experts across the web, including coverage in Yahoo News, RealClearHealth, RealClearScience, and Science and Culture.
Business Beat : Halloween activities planned at the Branch County Fairgrounds
COLDWATER, MI (WTVB) - The Branch County Fairgrounds will host a pair of family-friendly Halloween events this...
October 2026: Open Enrollment Starts Today
The 2027 insurance open enrollment is October 5-30, 2026. Changes made during this period will take effect January 1, 2027.
Innovation That Solves: From Business Needs to AI Solutions
Targeted AI innovation transforms business challenges like hydrocarbon compliance into effective technological solutions, writes Jorge Mandujano.
Fiserv Small Business Index Shows Small Business Sales Rise in September as Back-to-School Lifts Retail
Index rises to 146 as sales increase +2.2% year over year and +0.7% month over month MILWAUKEE, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today published the Fiserv Small Business Index for September 2026,
Keller on what happens when all politics is actually national
President Trump's Massachusetts numbers and what they mean for GOP candidates
AI game mashup videos on social media spark debate and backlash among players and modders
The Claude-created videos overlay one game on top of another to make a rudimentary ‘mashup’…
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Novant Health hiring event kicks off in Greenville
FOX Carolina's Scottie Hunter has the details.
Independent candidates hope to shake up status quo, give Oklahoma voters alternative option
Frustration with mainstream political parties prompted a number of independents to file for office.
Three sheriff’s offices sign up for jail mental health hold reimbursements under new Wyoming law
The law allows the health department to pay jails for holding and treating people with mental illnesses while they await a bed at the state hospital.
TendedBar installs countertop beverage system at Clearwater entertainment center
TendedBar has installed its countertop beverage dispensing system at Launch Family Fun Center in Clearwater, Florida, according to a company LinkedIn post.
Business Starts for Oct. 5, 2026
In June, 1,412 new businesses filed InCorporation paperwork with the Massachusetts Secretary of the State in order to do business in the state.
Study: IL lawyers report mental health challenges, substance abuse, suicide ideation
(CAPITOL CITY NOW) - For many lawyers, the effects of the job can include declining mental health, substance abuse, problem gambling, suicide ideation, and even declining cognitive skills. These are the results of a survey of Illinois attorneys, "The Weight of Practice," commissioned by the Illinois Lawyers' Assistance Program. Factors include the stress of being
NBA 2K25 is being delisted later this month, servers (including single-player story mode) shut down at the end of the year
MyCareer, MyTeam and all other online game modes will end in December…
Digital Science Appoints Charlesworth as Strategic Sales Partner of Altmetric and Dimensions in China's Scholarly Publishing Sector
London, United Kingdom--(Newsfile Corp. - October 5, 2026) - Digital Science has appointed Charlesworth as its strategic sales partner of Altmetric and Dimensions in China's scholarly publishing sector. This collaboration aims to support the growing demand for research data and information across this rapidly developing market.China's local publishing industry has grown significantly in scale and maturity, with journal publishers actively strengthening their international position, investing in.
As flu season approaches, here’s why you should you get your vaccine now
While flu activity is still relatively low, officials say now is the time to get vaccinated before cases begin to rise later this year.
After losing in a closed Louisiana primary, Bill Cassidy files bill to require open party elections
Cassidy lost his seat this year after Louisiana switched to closed party primaries.
Southern Taiwan Science Park revenue climbs 36.5% in first eight months of 2026
Companies in the Southern Taiwan Science Park (STSP) posted record revenue of NT$2.495124 trillion (US$78.59 billion) in the first eight months of 2026, up 36.5% from a year earlier, according to the STSP Bureau. The bureau said the growth reflected the global AI boom and the park's expanding role in the high-tech supply chain.
Kit Chapman wins 2026 Royal Society Trivedi Science Book Prize
Kit Chapman has won the 2026 Royal Society Trivedi Science Book Prize for The Age of Alchemy: How Early Innovators Shaped Modern Chemistry (Profile Books).
TempraMed Announces VIVI Cap Smart Connectivity with Apple Health and Google Fit, Providing Better Health Outcomes and Data Tracking
VIVI Cap Smart transforms injectable medication protection into a connected health-data layer, enabling patients, caregivers and digital-health platforms to capture medication-use, temperature and adherence signals.Toronto, Ontario--(Newsfile Corp. - October 5, 2026) - TempraMed Technologies Ltd. (CSE: VIVI) (OTCQB: TMPTF) (FSE: 9DY) ("TempraMed" or the "Company"), a medical technology company transforming the storage, protection and management of temperature-sensitive medications, is pleased to
Penn State students win award for connecting health and environment through play
A series of games developed by a team of interdisciplinary Penn State students to help children in Iquitos, Peru, learn about the connections between human, animal and environmental health was recognized with a national American Society of Landscape Architects award.
OPKO Health (OPK) Sharpens Its Focus, Is It Still A Bargain?
OPKO Health (OPK) has been drawing attention after recent trading moves around its US$1.56 share price, with investors weighing its mixed return profile over the past year against longer term performance trends. For context, OPKO Health’s recent pullback, with a 7 day share price return of down 4.29% and a 30 day share price return of down 4.88% from US$1.56, comes after a stronger 90 day share price return of 4.70% and year to date share price return of 22.83%. The 1 year total shareholder...
True Food Kitchen Initiates Voluntary Chapter 11 Proceedings to Position Business for Long-Term Success
True Food Kitchen (the "Company") today announced that it and certain affiliates have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the "Court").
True Food Kitchen Initiates Voluntary Chapter 11 Proceedings to Position Business for Long-Term Success
/PRNewswire/ -- True Food Kitchen (the "Company") today announced that it and certain affiliates have filed voluntary petitions for relief under Chapter 11 of...
China develops plant to extract hydrogen, fresh water and uranium from the sea
Scientists improve on existing technology, plugging an overlooked energy leak to achieve a potentially profitable green solution.
A roadmap for the next UN Secretary-General
The next UN Secretary-General will take over the most prominent position in multilateral governance at a time when multilateralism is arguably at its nadir. Adapting to today’s multipolar reality will require instilling a renewed sense of purpose and dema
Windows 11's File Explorer is finally giving the squiggly ~ key a job, sending it straight to the user folder
There’s a new Windows 11 update that will soon give the squiggly ~ key a job, and that is to quickly open folders like your user profile, Documents, Downloads, and, sometimes very importantly, the AppData folder. Right now, if you use the full path to open AppData, you need to enter `C:UsersusernameAppData` in File Explorer, […]
Lula, Brazil's political titan, races against time
Shirtless and drenched in sweat on his treadmill, Lula...
Congressman: Report Shows More Needed To Help Veteran Mental Health
The Congressional Psychedelics Advancing Therapies (PATH) Caucus released a report capturing responses to a 20...
Bora Biologics and Protect Animal Health Enter Strategic, Long-Term Multi-Project Collaboration to Advance Antibody-Based Animal Health Products
Partnership includes development and manufacturing support for multiple monoclonal and bispecific antibody programs targeting U.S. and global animal health markets
2TB MicroSD Express card leaks, providing Switch 2 storage for 100+ games
With some Switch 2 games creating a storage dilemma, help is on the way. Suneast is marketing a 2TB MicroSD Express card without a release date or price. Amid the memory shortage, 1TB cards already cost Nintendo supporters over $300.
Can HRT help prevent dementia? New research suggests it might
As debate continues over whether hormone replacement therapy can protect against dementia, new studies suggest timing and formulation are key.
President awards state scholarships to distinguished figures in education and science
President Volodymyr Zelensky has awarded state scholarships to 16 distinguished figures in education. — Ukrinform.
The new Fitbit Edge leaks
Google’s midrange Fitbit Edge shows off is many sides and colors in leaked images.
Tom Cruise-led ‘Digger’ tanks at the box office
The Tom Cruise-led movie "Digger" cratered at the box office this weekend, limping to a fifth-place finish with $8 million in the U.S. and Canada in its theatrical debut. The Warner Bros. film was expected to do poorly after polarizing...
$3.3M National Institutes of Health grant funds UH study of microplastics, infant brain development
Researchers will measure exposure through maternal blood, examine fetal brain development through ultrasound and collect cord blood and placenta samples. Infants will be assessed at 2, 6 and 12 months for neurological function, motor development, language skills and cognition.
Aboriginal historian Barry Corr vividly investigates colonisation – but is less convincing on politics
What right did settler society have to intervene in Aboriginal life? The humanitarian tradition has no adequate answers, says Barry Corr.
My next Windows PC won’t need hours of app installs thanks to this one file
One small bundle file turns hours of reinstalling apps into a few clicks.
AI, data science leaders join Cornell’s Radical Collaboration initiative
Cornell is expanding its expertise in artificial intelligence and data science thanks to the arrival of new faculty, with support from the Radical Collaboration initiative, building a research community that reaches across disciplines.
An AI couldn’t beat humans at StarCraft, so it decided to cheat
When GPT-6 Astra’s own bot failed, it simply downloaded the best human-made bot instead.
Samsung Galaxy S27 Ultra: (Slightly) faster charging and potentially fewer camera artifacts
While industry insiders are currently focused on the starting mass production of some Galaxy S27 series components like the Exynos 2700, leakers are sharing more details about battery and camera improvements that could matter to end users.
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.
The iPad Mini is slightly cheaper again during Prime Day
Save $100 during Amazon’s October sale.
The rise, fall, and rise of portable MP3 players
Apple perfected the media player with the iPod, then abandoned it.
Memorial Health offers free mammograms to uninsured and underinsured women and men in October
The Springfield Memorial Foundation covers the cost of the mammograms for eligible patients.
Herring Gut Coastal Science Center welcomes AmeriCorps member as Assistant Environmental Educator
PORT CLYDE — Herring Gut Coastal Science Center welcomes Kayleigh Amerman to its Port Clyde team as an AmeriCorps member serving as Assistant Environmental Educator through Goodwill Northern New England’s GoodHealth Works AmeriCorps program.
Interactive Health Fest brings residents to Flinthills Mall
If you wanted information about just about anything health-related, the annual Interactive Health Fest was the...
A tale of two AAA games: Control Resonant shows what gaming can be, Marvel’s Wolverine shows what it is becoming
News, Reviews and other Informations about Laptops
Search warrant served at another Butler County business in ongoing illegal gambling investigation
An illegal gambling investigation in Butler County, Missouri continues.
Crews extinguish large fire at business in Greer, officials say
The City of Greer shared that by 12:45 p.m., the fire had been put out.
Free Narcan training at Bismarck-Burleigh Public Health
During the training participants learned how to administer Narcan and recognize the signs of an overdose.
Who will be Brazil’s next president?
The election could also serve as a bellwether of Donald Trump's influence in Latin America
Hawai’i Small Businesses urged to complete Federal Reserve Credit Survey by Nov. 13
The Department of Business, Economic Development and Tourism is encouraging Hawai‘i small businesses to take part in the Federal Reserve’s 2026 Small Business Credit Survey, now open through Nov. 13.
Sacramento Kings Player Profile: Zach LaVine
Taking a deeper look at the player profile for Sacramento Kings guard Zach LaVine.
I changed one ChatGPT setting, and it stopped giving me generic advice
If you're tired of ChatGPT's safe, corporate buzzwords, changing one persistent profile setting permanently kills generic answers.
Apple iPhone 18 Pro Max gaming test shows up to 69% less performance loss than iPhone 17 Pro Max
I think it’s safe to say that the iPhone 18 Pro Max’s sustained thermal performance is pretty nice.
Flooding forced traumatic moves to Oʻahu for longterm patients, but health, spirits improve with return to Maui
Some residents of Hale Makamae, the only intermediate care facility for adults with developmental disabilities, are now back at Maui Memorial Medical Center as they await the $65 million renovation and reopening of their longterm facility at Kula Hospital.
Elizabeth Holmes dangled 'easy' service hours in front of students to boost her state House campaign
She dangled service hours in front of her students. Her district opened a file.
‘No brainer’: Growing trend of Chinese tourists booking business-class flights
Chinese holidaymakers are increasingly upgrading to ‘premium travel’ to make their well-earned leisure time more pleasurable, say insiders.
Israeli strike kills five in Gaza, including four women, health officials say
By Nidal al-Mughrabi and Dawoud Abu AlkasCAIRO/GAZA, Oct 3 (Reuters) - An Israeli airstrike killed at least five Palestinians, including four women, in an apartment building in Gaza City early on Saturday, health and civil defence service officials said.Among the dead were a Christian mother, Maisa Abu Dawoud, and her daughter Mary, medics and the church said.There was no immediate comment from the Israeli military.The strike destroyed the apartment building and started a fire.
Business moves in and around downtown
The Railyard changes hands, books replace flowers, and Bus Stop moves across the street.
Candidate profile: Jennie Hill wants a thriving future for Wilsonville businesses
The Review is running profiles of all City Council candidates in Lake Oswego, West Linn and Wilsonville prior to the November election. Jennie Hill is a familiar face in Wilsonville. […]
Capcom details plans to evolve RE Engine into an ‘AI-generation game engine’
Programmer says Capcom’s goal is a future ‘where we create games together with AI’…
GTA 6 rating pulled after revealing sex scenes and drug use
PEGI rating reveals GTA 6 details, including “frequent and prominent” drug use…