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‘Anti-Weaponization Fund’ revives yearslong fight over Democrat-backed settlements
President Donald Trump’s nearly $1.8 billion “Anti-Weaponization Fund” is triggering bipartisan concern on Capitol Hill while simultaneously reigniting a years-old conservative argument against administrations from both parties using the Treasury Department’s Judgment Fund to finance politically sensitive settlements with little congressional oversight. The fund stems from Trump’s settlement with the Internal Revenue Service over the […]
Scientists create global treasure map pointing to hidden rare earth deposits
Scientists have created a global “treasure map” for rare earth elements by uncovering where the strange volcanic rocks that contain them are most likely to form. By combining thousands of rock samples with seismic images of Earth’s deep interior, the team discovered that these metal-rich rocks tend to appear along the ancient, thick roots of continents. These unusual rocks, once seen as geological oddities, are now incredibly important because they hold many of the materials used in smartphones, electric vehicles, and wind turbines.
7 things patients should know about VO2 max
This episode of the "Health vs. Hype" AMA podcast introduces listeners to what a VO2 max measurement is and why their score could be important to know.
Pirated Sports Streams Are Warping TV’s Most Important Ratings
Advertisers love live sports. But good luck measuring that investment. Although tides of ad revenue flow based on the ratings of certain tentpole TV events, a new crop of scammers now operate illicit sports livestreaming rings, and there’s almost nothing broadcasters can do about it. According to a new report released Tuesday by ad tech […]
Inhaled fine particulate matter travels beyond the lungs to the brain
A research team led by Drs. Byung-Yong Yu and Gwan-Ho Lee at the Advanced Analysis and Data Center of the Korea Institute of Science and Technology (KIST; President Sang-Rok Oh) announced that it has developed a new analytical platform that can precisely measure the accumulation of fine particulate matter in individual organs, overcoming the limitations of existing analytical technologies.
San Diego Politics Show: The vacant homes tax on the June ballot
Shane Harris the spokesperson against Measure A, the vacant homes tax on the June ballot, joined the San Diego Politics Show.
The World Health Assembly adopts updated Global Action Plan on Antimicrobial Resistance (2026–2036)
Geneva, 23 May 2026 – Member States at the Seventy-ninth World Health Assembly (WHA79) adopted the updated Global action plan on antimicrobial resistance (GAP-AMR) 2026–2036, marking a major milestone in the global response to antimicrobial resistance (AMR) and delivering on a key commitment contained in the 2024 United Nations General Assembly Political Declaration on AMR. The updated plan was developed through a consultative process led by the Quadripartite organizations – FAO, UNEP, WHO and WOAH – with extensive engagement of Member States and stakeholders across sectors. AMR remains one of the most significant global health and development challenges, affecting humans, animals, plants, food systems and the environment. The updated GAP-AMR provides a comprehensive One Health framework to guide coordinated global, regional and national action over the next decade. It builds on the foundation established by the original GAP-AMR adopted by the World Health Assembly in 2015 while reflecting evolving evidence, lessons learned, and the commitments made at the 2024 UN High-Level Meeting on AMR. During the Assembly, Member States expressed broad support for the updated plan and its strengthened multisectoral and One Health approach. Delegates highlighted the importance of prevention-first interventions, including infection prevention and control, water, sanitation and hygiene (WASH), vaccination, biosecurity, and environmental measures. They also highlighted the need for responsible, equitable and sustainable use of antimicrobials, strengthened surveillance, innovation, and sustainable agrifood systems. The updated GAP-AMR is intended to serve as the global framework for coordinated action against AMR through 2036. It aims to accelerate global progress towards the commitments and targets agreed by Member States and support countries in developing, implementing and financing ambitious multisectoral national action plans. The plan also reinforces the importance of accountability, monitoring and reporting, sustainable financing, and international cooperation to address AMR through a One Health approach. The adoption of the updated GAP-AMR reflects renewed global commitment to preserving the effectiveness of antimicrobials and safeguarding advances in human, animal and plant health, food security, economic development and environmental sustainability. As implementation begins, continued collaboration among governments, international organizations, civil society, academia and the private sector will be critical to translating commitments into measurable impact. The Quadripartite organizations will continue supporting Member States and partners in operationalizing the updated GAP-AMR and advancing coordinated One Health action against AMR at country, regional and global levels.
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
ASUN, United Athletic Conference launch Unisun Sports – what’s impact on Govs?
The ASUN and UAC consortium recently announced the launch of Unisun Sports, so let's see how this will affect Austin Peay.
Child Protection Faith Summit elevates Byron Donalds at summit in Washington, D.C.
'There is no greater measure of a nation than how it treats its children — especially the vulnerable, the forgotten, the abused, the trafficked, and the abandoned.'
US Treasury rout tests Washington's tolerance for higher borrowing costs
President Donald Trump's room to wage war while maneuvering on economic policy is being tested by a force largely beyond his control: the bond market.
Savings tips from early retirees, financially independent individuals
Savvy savers say the goal isn't necessarily to cut out every small pleasure. It's to be more intentional about where your money is going.
Feds subpoena Hasan Piker, Medea Benjamin over Cuba trips
Hasan Piker and CodePink cofounder Medea Benjamin face Treasury subpoenas in a federal probe into whether activists violated U.S. Cuba sanctions.
ASUS next-gen ROG Ally handheld may appear at Computex
ASUS may use Computex 2026 to show new ROG Ally device ASUS may show a next-generation gaming handheld at Computex 2026, according to comments from German
InRESPONSE, Santa Rosa’s crisis team, faces operational changes amid proposed funding cuts
County funding for Santa Rosa’s InRESPONSE program is slated to be cut by about half as officials wind down spending from the expiring Measure O sales tax. That means big changes ahead for a pioneering, civilian-led team.
The Enhanced Games is here. But forget the ‘sport’ – it has something it wants to sell you
A competition where drug taking is legal may appeal and intrigue in equal measure, but the bottom line is what counts
A Colorado startup just raised $30 million on a quiet bet that astronauts won't actually be the ones building the moon's first permanent base — robots will get there first
The first permanent structures on the moon will almost certainly be built by robots, not astronauts. That is the bet Lunar Outpost, a Colorado-based robotics company, just convinced investors to back with a $30 million Series B — funding aimed at delivering a new lunar rover called Pegasus by the end of 2027, with a […]
If I could only have one laptop for work and gaming, I’d get this one
The new Asus ROG Zephyrus G14 is almost perfect for me, except it’s $3,600.
Mental Health Is Another Unfortunate ICE Casualty
Hundreds of immigrants, community members, and allies gathered in Washington DC on May 20 for a peaceful march from Immigration and Customs Enforcement’s (ICE) headquarters to the Capitol.
California politics isn’t just left vs. right. Our analysis found a third extreme
A data analysis of California precincts voting on ballot measures shows that voters are divided beyond left and right.
Lancaster County public sales: May 22, 2026
Martin & Rutt Auctioneers LLC, of New Holland, conducted a public auction of real estate May 12 for Keith B. Roberts at 807 Pleasure Road, Lancaster. A one-bedroom cottage and
N.Y. Legislature approves measures to limit ICE cooperation
The package represents one of the primary actions taken by Hochul and the state Legislature to push back against the Trump administration
Scalise: Democrats' Politics of Hatred and Division Need to Stop
WASHINGTON, D.C.—Today, House Majority Leader Steve Scalise (R-La.) joined Fox Business Network’s Kudlow to call out Democrats’ increasingly dangerous rhetoric, failure to confront rising antisemitism on the left, and continued opposition to commonsense election integrity and border security measures.
Gerald Talbot remembered as Maine champion for civil rights
Portland Mayor Mark Dion said Talbot made an immeasurable impact on his life over the years.
SFA’s JacksTeach program names second science teacher fellow
NACOGDOCHES, Texas –– Following the successful launch of its educator support initiative last year, Stephen F. Austin State University’s JacksTeach program has named alumna Amy Calhoun, chemistry teacher at Sabine High School in Gladewater, as the recipient of the second annual JacksTeach Science Teacher Fellowship.
We are not ready for the next war’s wounded soldiers
Over two decades of war, the United States has made remarkable advances in combat casualty care. Survival improved. Innovation accelerated. Lives were saved. But those gains were built for a differ…
Bonus 228: The $1.776B Political Question
Every so often a story comes along that is so brazen, so cleanly emblematic of the moment we are living through, that staying quiet about it feels like a kind of complicity unto itself. Monday’s announcement by the Department of Justice that the Acting Attorney General has unilaterally created a $1.776 billion “Anti-Weaponization Fund” to compensate so-called “victims of lawfare” is one of those stories. And the reason I want to write about it here, in a newsletter ostensibly devoted to the Supreme Court and the law and politics surrounding it, is that I’m increasingly worried that we’re asking the wrong institution to save us from one of the most offensive, alarming, and anti-constitutional things we’ve seen from any president in American history. As I explain below the fold, the Anti-Weaponization Fund is not principally a legal problem awaiting a judicial fix. It is a shockingly egregious political abuse—the President suing his own government, purporting to settle with himself, and routing nearly $2 billion from the Treasury to his own supporters as a not-so-subtle (and not-so-formal) reward, if not an incentive, for political violence. And the Constitution’s answer to political abuses of this kind and magnitude is a political remedy, not a legal one. In his majority opinion in NFIB v. Sebelius (the Affordable Care Act case from 2012), Chief Justice Roberts defended the Court’s endorsement of Congress’s power to adopt the individual mandate by noting that it is “not our job to protect the people from the consequences of their political choices.” As much of a judicial supremacist as I am, that sentiment is, for better or worse, an entirely correct (and, in the long term, normatively desirable) institutional assessment. One can believe in substantial judicial power without believing that literally every political dispute in our country can and should be resolved by unelected judges. The real upshot of this latest headline (among so, so many other similar headlines) is that it is past time to reinvigorate impeachment—not because conviction is realistic in this Senate, or even because impeachment itself is feasible in this House, but because forcing every member of Congress to vote on the record whether this brazen, corrosive, and affirmatively dangerous corruption is impeachable is itself a point worth fighting for (and fighting with our friends over). Assuming the courts will save us absolves our political leaders of both responsibility and accountability for allowing this kind of mischief to continue, and it absolves all of us of our responsibility to refuse to tolerate those who would just as quickly shrug their shoulders and move on. For those who aren’t paid subscribers, we’ll be back (no later than) Monday with our continuing coverage of the Supreme Court. For those who are, please read on.
Rich already being taxed properly, says minister, as Streeting calls for ‘wealth tax that works’– UK politics live
Treasury’s Lucy Rigby says Rachel Reeves introduced measures in her first budget as Streeting calls for capital gains rates to be aligned with income tax
Mahoning Valley arts and entertainment
Art ARTS & EDUCATION AT THE HOYT, 124 E. Leasure Ave., New Castle, Pa.:”Greig Leach: Past in the Present Will Be the Future” ...
Senate G.O.P. Ready to Drop Ballroom Funds From ICE Bill
Several Republicans had balked at including the money in an immigration enforcement measure that the party plans to push through on a party-line vote.
Western Idaho Fair bringing music, food, and new entertainment this August
The Western Idaho Fair is set to return to the Treasure Valley later this summer, bringing with it a full lineup of concerts, classic fair food, and new enterta
Lunar launch
When Artemis II launched in April, sending astronauts around the moon for the first time in more than 50 years, the mission broke records — and will help scientists understand undiscovered secrets, including the history of Earth and our solar system.As lunar science lead for NASA’s Artemis II mission, Kelsey Young, ’12 MS and ’14 PhD in geological sciences, led the team that developed the lunar science plan and trained the crew to study the moon.
House Passes Housing Bill, Uniting on a Measure to Bring Down Costs
The legislation, which had been stalled amid Republican divisions, passed overwhelmingly, signaling an eagerness in both parties to address affordability in an election year.
Scientists discover massive natural hydrogen source beneath Canada
Scientists in Canada have discovered that ancient underground rocks are naturally producing hydrogen gas — and lots of it. Measurements from mine boreholes in Ontario show the gas can flow continuously for years, offering a potential new source of clean energy called “white hydrogen.” Researchers say this hidden resource could help power industries and remote communities while cutting carbon emissions and reducing dependence on fossil fuels.
Even while courting moderates on voter ID, GOP leaders still push debunked fraud narrative
Republicans call their voter ID ballot measure ‘common sense’ to appeal to moderate voters, while alienating liberals with election conspiracy theories
Materials scientist gains valuable research experience
The opportunities at the College of Engineering and Applied Science are what attracted Ananth Balasubramanian to the University of Cincinnati. He came to UC as a master's student and after two years, transitioned to a direct PhD program in materials science and engineering. Here, he works in the Digital Fabrication Laboratory and recently was named Graduate Student Engineer of the Month by CEAS.
Chicago Reader names a new publisher
The Chicago Reader has named a new publisher as the long-struggling alternative news outlet continues its latest turnaround effort.
What comes next: ASU women’s flag football club at forefront of sports rapid growth
Arizona State women’s flag football rose from a startup program to compete in the inaugural Fiesta Bowl Flag Football Classic, highlighting the rapid growth of the sport and creating new opportunities for girls and women nationwide.
30-year US Treasury yield hits highest level in 19 years
A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy.
State Treasurer Stacy Garrity Joined NFIB’s Small Business Day in Harrisburg
Small business owners met with elected officials at the Capitol.
Withings Body Scan smart scale review: Premium health insights, premium price
The Withings Body Scan is not your everyday smart scale. Sure, it tracks your weight and body composition, but it also measures ECG, assesses the flexibility of your arteries and detects nerve activity in your feet.
Dr. Elisabeth Ploran named inaugural dean of SFA’s College of Health Professions
Following a nationwide search, Stephen F. Austin State University has appointed Dr. Elisabeth Ploran as the inaugural dean of the College of Health Professions. Ploran will begin her tenure in July, coinciding with the launch of the new college.
What Is ‘Ozempic Personality’? Patients Say GLP-1 Left Them Emotionally Flat
Some patients taking GLP-1 weight-loss drugs report less pleasure and excitement in life. “It is not in their heads,” doctor says. How to get help if you’re feeling less joy on the medication.
DNA floating in seawater is now enough to let scientists monitor the health of America’s dolphin populations
Sequencing environmental DNA in seawater shows the local presence or absence of species, but until now could give little information about those measures of biodiversity that are the most useful in conservation. As a proof-of-principle, scientists in the US have now shown that mitochondrial DNA in water sampled near schools of dolphins contains enough information to measure their local effective population size and monitor the health of these populations.
Balancing act: 26 Sun Devils sports present unique challenges in NIL era
Arizona State’s athletic department faces unique challenges in sponsoring 26 varsity sports teams, especially with the rise of name, image, and likeness.
AP Decision Notes: What to Expect in Oregon’s Primaries
WASHINGTON (AP) — Oregon’s Democratic Gov. Tina Kotek and the nearly two dozen challengers hoping to defeat her are among the candidates who will seek their parties’ nominations for state and federal offices in Tuesday’s primary. Voters will also decide a statewide ballot measure that would raise ...
Creating What's Next: ASUN and UAC Partner to Launch Unisun Sports
The Atlantic Sun Conference (ASUN) and the United Athletic Conference (UAC) have announced the formation of Unisun Sports, a groundbreaking joint venture built to support the strategic alliance between both conferences that reflects a shared commitment to creating what’s next in collegiate athletics through strength and innovation.
Jewish lawmakers face an explosion of antisemitism
The hate is direct, explicit and shockingly casual.
Poor air quality could aggravate health issues for vulnerable Long Island residents
The Air Quality Index, which measures the level of five pollutants, hit 105 in the metro area, including Nassau and Suffolk counties.
What to Know About Letlow And Fleming in the Louisiana Senate Race
He was defeated in the Republican primary in Louisiana on Saturday. Representative Julia Letlow and State Treasurer John Fleming are now in a runoff for the party’s nomination.
Village, Chelsea candidates call to cut red tape for small business
Six Democratic candidates for the Greenwich Village and Chelsea Assembly seat at a recent forum laid out measures to help small businesses.
Man Utd 3-2 Nottingham Forest: What Fernandes said
On votes for player of the season: "It's a privilege and a pleasure for me, knowing that your job is being recognised by many people, that I was player of the season I am very grateful." Bruno Fernandes has now equalled the record for most assists in a Premier League season (20), levelling Thierry Henry in 2002-03 and Kevin De Bruyne in 2019-20.
ASUS Demos Its First “ROG” DDR5 Memory Running at 8800 MT/s On Its Crosshair X870E APEX Motherboard
ASUS's first DDR5 memory modules, the ROG 20th Edition, have been demoed on the ROG Crosshair X870E APEX motherboard.
ASUS shows custom ROG Xbox Ally X Cyberpunk 2077 Edition handheld
ASUS reveals custom ROG Xbox Ally X made with AK Studio ASUS has shown a custom ROG Xbox Ally X inspired by Cyberpunk 2077. The handheld was created with
Scientists Uncover an “Alien” Metal Hidden in a 3,000-Year-Old Year-Old Treasure Stash
A Spanish museum guarded a 3,000-year-old secret. Two corroded objects in Europe's richest Bronze Age gold hoard were made from metal that fell from the sky.
Trump scores major Republican primary victory as Cassidy ousted in Louisiana
Trump-backed Rep. Julia Letlow and Louisiana Treasurer John Fleming top Sen. Bill Cassidy, who is defeated in bid for GOP Senate nomination
Julia Letlow advances to Louisiana Senate GOP runoff, as Sen. Bill Cassidy trails
Cassidy and state Treasurer John Fleming are battling for second place and a spot in the June 27 runoff.
Randy Bennett's 1st ASU roster nearly set
A look at what ASU's starting lineup could like and where the roster could use more help ahead of Randy Bennett's first season at the helm.
Asus Enters the RAM Market with "ROG Mode" 48GB DDR5-6000 CL26 Kit
Asus motherboards can also unlock a DDR5-8000 CL36 profile.
Arsenal v Burnley: Key stats and talking points
Arsenal can't seal the Premier League title on Monday night (20:00 BST), even with a win, after Man City's midweek victory pushed any celebrations back. Burnley, already relegated, have nothing at stake — yet they've shown they can still upset bigger plans. Arsenal have spent three seasons living with the sting of near misses, always measured against a relentless Manchester City side that has dominated the Premier League.
Sen. Bill Cassidy faces Louisiana Republican primary for the first time since his Trump impeachment vote
The Louisiana Republican is running for re-election against Trump-backed Rep. Julia Letlow and state Treasurer John Fleming.
Good Sports: Hanford HS football coach gets glimpse of NFL coaching world
Hanford High Football Head Coach Cannon Sanchez is back in the Valley with a fresh Tampa Bay tan and an immeasurable amount of football knowledge.
Strange Metal From Beyond Our World Spotted in an Ancient Treasure Stash
More precious than gold.
Intel’s NUCs Live On… as an Excessive Asus Mini Gaming PC
The Asus ROG NUC 16 seems like an excellent console-like PC until you see its supposed price.
ASUS Republic of Gamers Announces ROG NUC 16
ROG NUC 16: ASUS unveils a compact gaming PC for gamers and creators. Features Intel Core Ultra, NVIDIA RTX 5080 Laptop GPU, AI-enhanced graphics, QuietFlow cooling, and versatile dual-orientation design. Subscribe to ASUS Pressroom for the latest tech updates!
Scientists Are Counting The Diseases Climate Change Causes
A new report from the American Academy of Microbiology examines how attribution science is measuring the infectious disease burden caused by climate change.
ASUS Announces ROG Strix SCAR 18, Featuring 240Hz Mini LED Display With ROG Nebula ELMB
ASUS launches ROG SCAR 18 gaming laptop with RTX 5090 and first 240 Hz Mini LED display, starting above $4000
ASUS Reinvents Its 2006 Crosshair Motherboard For ROG’s 20th Anniversary, Wrapping AM5 And X870E In Full Copper Retro Glory
ASUS celebrates its 20th ROG Anniversary in style with the launch of the ROG Crosshair 2006 motherboard, featuring modern X870E & AM5 specs.
ASUS Republic of Gamers Unveils ROG Crosshair 2006 Motherboard to Mark 20 Years of ROG
ASUS Republic of Gamers (ROG) today announced the ROG Crosshair 2006, a cousin of the Crosshair X870E Dark Hero that is an aesthetic throwback to the first motherboard ROG created 20 years ago. Its potent gaming power is draped in time-traveling retro style. Decked with eye-catching colors and m...
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
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