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India's youth protests over electoral rolls, but can 'cockroaches' threaten Modi's political grip?
Thousands detained, leaders arrested on arrival, and a capital under lockdown: the youth-led protests against the election chief have the attention of the Indian government. But experts say toppling it is another matter.
The Wizards are considering a rebrand after fan feedback
The Washington Wizards are about to begin a new era led by forward AJ Dybantsa, Trae Young and Anthony Davis. Capital One Arena, their home venue, is also nearly done with a major renovation. And fans want a rebrand of the franchise. When teams are not particularly great on the court, field, ice, etc., I […]
Is Huntsville’s Apartment Boom Coming To An End?
Prospective tenants may want to sign their leases soon if they hope to capitalize on those incentives in Huntsville. Because the number of new apartments
Gen Z women want politicians who can make the ‘American dream’ feel attainable
An organizer with the Ohio Student Association said students bring up the cost of gas, weighing if it’s cheaper to commute or live on campus. They also talk about whether to get an unpaid internship or work a job out of their field of study to save money.
Nokia to sell Enterprise Campus Edge business to AURELIUS
Deal supports Nokia’s strategy to focus capital where the company can differentiate and create long-term value.Planned transaction will provide ECE with greater independence and agility, helping it respond more quickly to customer needs and accelerate the digitalization and transformation of industrial operations
Mesa School of Business raises ₹110 crore to expand its portfolio of programmes for the AI era
Mesa School of Business has raised ₹110 crore, comprising ~₹85 crore in Series A equity funding co-led by Dharana Capital and existing investor Elevation Capital, and ₹25 crore in venture debt from InnoVen Capital and Alteria Capital. New capital will be used to invest in AI-first curriculum for existing programs, launch & grow new programs and build strategic partnerships with the startup ecosystem.
Franklin County coroner announces measles-associated death, state Health Dept. still investigating
If confirmed, it would mark the sixth measles-associated death in Pennsylvania this year. That’s the most in a single year since 1991, when there was an outbreak in Philadelphia.
Roanoke capital firm buys Virginia environmental contractor
Harbor, a Roanoke-based capital firm, has acquired W.E.L., a western Virginia environmental, industrial and emergency response services company.
FSU Discovery Days: IGNITE Tallahassee Open House welcome visitors for behind-the-scenes look at high-tech business incubator
IGNITE Tallahassee will showcase how it supports high-tech and deep-technology ventures in Florida’s Capital Region during FSU Discovery Days. The IGNITE
Marsh survey examines how health systems are managing capital, investment strategies
Health systems’ finances improved in 2026, but many organizations remain under enough pressure to keep tapping reserves, taking on debt, and turning to investment portfolios for financial flexibili | Forty-three percent of respondents report expecting to draw on reserves in 2026, up from 37% the year prior.
Oregon retreats from enforcing landmark trans health care coverage mandate
Regulators cited fears that the Trump administration would use state data to target providers or patients.
Buying a business with an SBA loan is more complicated. Here’s what to know.
The U.S. Small Business Administration has implemented a host of new rules impacting borrowers seeking SBA capital to finance a business acquisition or change in control.
Lionel Messi is building a business empire that will outlast his football career
From his Inter Miami compensation package to hotel investments, venture capital and football club ownership, Messi is turning his sporting success into a diversified portfolio.
Indiana Democrats hope Beau Bayh leads them from political wilderness
Beau Bayh professes unconcern about any weight upon him for lifting Indiana Democrats from the political woes they’ve suffered for more than a decade.
Business priorities for mobilising and scaling finance for biodiversity - ICC
COP17 provides a window to turn global biodiversity finance commitments into investment at scale. With at least US$200 billion a year needed for biodiversity by 2030, this ICC policy paper sets out the frameworks, financing solutions and market conditions needed to reduce investment risks and channel capital towards measurable outcomes for nature.
Commentary: Pennsylvania's GOP members of Congress are failing us on measles.
Tragically, more than 1,000 people in Pennsylvania have been infected with measles in 2026, now associated with 198 hospitalizations and five deaths. In neighboring New York, Gov. Kathy Hochul just declared a statewide health emergency as cases surge in rural counties. Yet of Pennsylvania’s 1,078 cases in 41 counties (as of last Thursday), less than […]
OSCP Raises Series A Led By New Science Ventures To Scale Photonic IMUs
OSCP closed a Series A financing led by New Science Ventures to scale production of its ITAR-free photonic gyroscopes and inertial measurement units. Emerging Ventures and 2050 Capital also participated in the round.
STAAR Surgical Appoints Andrew Pilon, OD, as Vice President of Business Development
LAKE FOREST, Calif.—STAAR Surgical Co. (NASDAQ: STAA), a leader in phakic intraocular lenses (IOLs) with its EVO family of Implantable Collamer Lenses (EVO ICL), has appointed Andrew Pilon, OD, as vice president of business development, which is a new position, the company told VMAIL. Dr. Pilon will report to Warren Foust, STAAR’s president and CEO, and work closely with the company’s senior leadership team to capitalize on opportunities that support STAAR’s innovation strategy and expand its product portfolio, according to the announcement from the company.
Business Insights
How sound judgement and strong relationships help Senior Managing Director, Capital Markets – Private Wealth, Ingrid Filmer lead strategic business growth, be a trusted advisor to clients, and make her mark in the private wealth sector.
SageSure buys stake in ILS manager Pillar
The catastrophe-focused MGU is taking a strategic stake in a Bermuda fund manager, giving it a more direct line to the capital behind coastal property cover
Rallying in Sao Paulo, Presidential Candidates Seek Votes and Political Support
By Isabel Teles and Luciana Magalhaes SAO PAULO, Oct 11 (Reuters) - With Brazil's polarized presidential election entering its final stretch, candidates rallied supporters and politicians on Sunday in Sao Paulo, the nation's largest state capital, ahead of the October 25 runoff. Conservative ...
Unlock | Trust Intelligence : I95 Business
Backed by TEDCO, Unlock uses AI to turn business connections into trusted relationships, helping companies unlock opportunities in talent, sales and capital.
José Mourinho sends warning to Real Madrid stars
Real Madrid head coach José Mourinho has this weekend fired something of a warning shot the way of his players in Spain’s capital. This comes amid the assurance that the Portuguese will show no he...
🚨 Augsburg-Bayern XIs: Saibari starts; Gnabry on the bench!
Augsburg and Bayern kick off Saturday's Bundesliga action, alongside other matches. The Bavarians want to capitalize on Borussia Dortmund's slip-up after they drew with Werder Bremen on Friday despite...
HASNAIN: The mental health taboo and its many adverse effects
Yet, I write this not to propose some novel solution on finding inner peace and instead hope to push students to capitalize on existing reliable resources.
Raiders Urged to Make Trade to Improve 1 Key Position
The Las Vegas Raiders have emerged as a potential candidate to pursue a wide receiver before the NFL trade deadline, but their early-season success may not change the team’s cautious approach. Despite opening the campaign with a 3-1 record, the franchise must decide whether adding an established pass catcher is worth sacrificing valuable draft capital. […] The post Raiders Urged to Make Trade to Improve 1 Key Position appeared first on Gridiron Heroics.
Gen Alpha is already pitching VCs. Here's their advice.
Five venture capitalists told Business Insider their tips for Gen Alpha founders. They discussed AI, social media, and college.
Former U.S. Justice Department prosecutor weighs in on AG debate
Capital Tonight wanted to hear what a fellow attorney and former federal prosecutor thought of the debate.
Land O’Lakes Bulks Up Its Protein Capacity
The cooperative is expanding its processing facilities to capitalize on consumer demand for more protein products.
Ohio political blogger found guilty in explicit Shrek meme trial
An Ohio political blogger let out a surprised laugh as he was found guilty of harassment after he sent an explicit digitally altered image of the cartoon character Shrek to a powerful lawmaker.
A political blogger sent an explicit meme of Shrek to Ohio lawmaker. Now he’s on trial.
An Ohio political blogger had his first day in court Thursday, facing charges of harassment after sending a powerful state lawmaker an explicit picture of the cartoon character Shrek.
Some Gboard users suddenly can't type capital letters
A strange Gboard bug is preventing some users from typing capital letters, and the beta version may be the culprit.
Emma Camp wants Gen Z to grow up
'Nobody is coming to save you.' A conversation with the anti-therapy pro-capitalist writer and influencer riding the short form video wave.
Acton discusses plans for small business during Bexley campaign stop
Dr. Amy Acton promised to “give a voice” to Ohio’s small business community during a Tuesday visit to Fox’s Bagel and Deli in Bexley. The Democratic candidate for governor described several ideas including loans to help new businesses get off the ground, and suggested her plans to bring down household costs could help boost foot-traffic.
SouthStar Capital Appoints Stark as Senior Portfolio Manager and Norris as Senior Business Development Officer
SouthStar Capital appointed Sally J. Stark as portfolio manager and Scott Norris as senior business development officer. These role changes bring decades of
Biggest Titans Weaknesses Texans Need to Exploit in Week 5
The Texans can dominate Week 5 by pressuring the Titans’ struggling pass protection and capitalizing on costly offensive mistakes
2027 NFL mock draft: First version includes a huge trade that powers Arch Manning to No. 1 spot
I typically avoid trades in early mock drafts, but with the Jets armed with a war chest full of draft capital, they decide to move to the top and take Manning as their quarterback of the future.
ABC News Mysteriously Deletes Report on Trump Sons’ ‘$6B’ Business Dealings
The apparent deletion came after Alexa Henning, a spokesperson for venture capital firm 1789 Capital, publicly challenged the report’s central claims.
Resilience and regeneration are reshaping Asia-Pacific real estate value
Land value and expected returns remain central to real estate investment, but across Asia-Pacific, sustainability, climate resilience, and long-term asset performance are increasingly influencing where capital goes.
Tennessee football could capitalize on SEC's easiest road schedule
Tennessee's SEC road opponents -have won only one of 10 conference games this season. Up next: Arkansas, which has lost 13 straight SEC games.
SB360 Capital Partners to Assist Haynes Furniture and The Dump in Going-Out-of-Business Sales
Haynes Furniture and The Dump will close permanently, bringing a 128-year family retail legacy to a close. Going-out-of-business sales begin at 10:00 a.m. on
Pathward Promotes Ridgway to Senior Managing Director of Business Development
Pathward promoted Lawrence “Larry” Ridgway to senior managing director of business development for the working capital team. In his new role, Ridgway leads a
Penguins Ghastly Giveaways Give Capitals Big Win
WASHINGTON, D.C. — It was the final time Alex Ovechkin would be introduced for a Washington Capitals (2-1-0) home opener. […]
Hyper-Converged Infrastructure - Global Strategic Business Report: Capitalize on 23.3% CAGR to US$92.7 Billion by 2032 as Dell, Nutanix, Cisco, HPE, and Huawei Disrupt Enterprise IT
Boost IT ROI with HCI: consolidate compute, storage and networking, automate operations, scale by adding nodes, and optimize hybrid-cloud and edge workloads.Dub
Digital Forensics - Global Strategic Business Report: Capitalize on 16.4% CAGR to secure share of US$37.6B by 2032 against Cellebrite, Magnet Forensics, Nuix, and Oxygen Forensics
Prioritize advanced forensic tools, cloud and IoT capabilities, and compliance services to capture demand fueled by cybercrime and digital evidence adoption.Dub
Trump makes third trip to Texas in less than a month despite Paxton audio leaks
President Donald Trump is making his third trip to Texas in less than a month to stump for a Senate candidate who’s privately questioned his political capital and whom the president has publicly insulted in personal terms.
OPINION: An oligarchy is slowly taking over American politics
The United States was founded on what people call, “the American Dream.” Well, that dream is becoming harder and harder to obtain for the average American, but some seem to be unaffected. To begin, it may be helpful to define oligarchy in this context. Oligarchy, for the sake of this article, will be defined as...
Like Old Times: Penguins Game 4 vs. Capitals
The next time they face off in Washington will be the final game of the season and Ovechkin’s NHL career.
Stripe taps FedEx data to expand small business access to financing
FedEx Dataworks is helping Stripe vet small businesses for working capital.
Why are out-of-state billionaires funding a California voter ID measure?
Packaging magnate and Illinois businessman Richard Uhilein and venture capitalists Cameron and Tyler Winklevoss are among the big spenders bankrolling California’s voter ID measure.
Pens Points: Crosby meets Ovechkin for first of final battles
Following Monday’s announcement that this would be Alex Ovechkin’s final NHL season, Pittsburgh Penguins and Washington Capitals fans likely peeked at the schedule to see how many more times the two generation-defining rivals would face off. Luckily for us, tonight is the first of four final regular season matchups between Ovechkin and Crosby. Puck drop […]
Where to watch Capitals vs. Penguins: Channel, live stream, time, schedule for Alex Ovechkin vs. Sidney Crosby
Hockey icons go head to head once again as Pittsburgh visits Washington. Here's when and where to watch.
Chelsea co-sporting director Laurence Stewart set to leave: What is his legacy at the club?
Stewart joined Chelsea following the Todd Boehly and Clearlake Capital-led takeover in May 2022.
Ohio reading scores rise. Is the science of reading working?
This story was originally published by The 74. Ohio students’ reading scores rose slightly last school year, the first the science of reading was mandated, but it’s too soon to say whether the phonics-based lessons are making a difference. About 63 percent of Ohio third graders — the grade educators have long considered the most […]
Why Capital Markets Matter for National Development
The role of capital markets in development is not new. Prosperous societies developed mechanisms that connected savings with enterprise.
Nomura Asset counting on Japanese market enthusiasm to expand global business
The asset management arm of Nomura Holdings is capitalising on rising investor interest in Japanese assets to attract new customers and build out its global operations, its chief executive said.
Nomura Asset counting on Japanese market enthusiasm to expand global business
The asset management arm of Nomura Holdings is capitalising on rising investor interest in Japanese assets to attract new customers and build out its global operations, its chief executive said.
Nomura Asset counting on Japanese market enthusiasm to expand global business
By Anton Bridge and Miho Uranaka TOKYO, Oct 7 (Reuters) - The asset management arm of Nomura Holdings is capitalising on rising investor interest in Japanese assets to attract new customers and build out its global operations, its chief executive said...
Climate change and farming gave rise to ‘genetically distinct’ swan goose: study
New population of the migratory waterbird has emerged in the Chinese capital over the past century, according to researchers.
Vietnam's banks tap investors for $7 billion as economy runs red hot
Vietnamese banks are planning nearly $7 billion in share sales as the country's fast-growing economy fuels demand for capital, opening a window for foreign investors to expand in the tightly controlled sector.
Mental health professionals sanctioned by licensing board
The Iowa Board of Behavioral Health Professionals has sanctioned two central Iowa practitioners for misconduct.
Will the Cardinals trade Josh Sweat as departure rumors swirl?
GLENDALE – The Arizona Cardinals should seriously consider trading Josh Sweat before the NFL trade deadline. If multiple contenders call, general manager Monti Ossenfort can turn a disappointing investment into future draft capital.
Broker facilities expand as technology, alternative capital reshape placements
Broker facilities that automatically or rapidly provide following capacity are expanding as brokers seek to speed placements, use data to package portfolios of risks and tap additional sources of…
What’s in Trump’s $3.4 Trillion Tax and Spending Bill: 2025 Reconciliation Act
The Senate passed the Protect College Sports Act (S. 4668). Here's what the federal NIL bill means for revenue sharing, transfers, and state NIL laws.
Brazil: Lessons from a Disaster
By Antonio Martins (Outras Palavras) Defeats become deeper and more prolonged when we misunderstand what caused them, avoid correcting course, and embrace “solutions” that only compound our mistakes. Lula’s government and the Brazilian left suffered a disaster in Sunday’s election. Contrary to every poll, the president finished the first round 2.2 million votes behind Flávio Bolsonaro—and, more significantly, 3.4 million votes below his total four years ago, when the machinery of the state was working against him and in favor of his opponent. His vote share declined in 98 percent of Brazil’s municipalities. The PL, the main party of the far right, elected 121 deputies and 28 senators, becoming the largest caucus in both houses of Congress. The parties aligned with the Centrão—Brazil’s bloc of transactional center-right parties—were somewhat diminished, but will still hold roughly 250 seats in the Chamber of Deputies and 35 in the Senate. That will make it easier to assemble the majorities needed to amend the Constitution or impeach Supreme Federal Court justices. If elected, Flávio Bolsonaro could appoint four members of the Court, substantially altering its internal balance of power. What produced these results? How can the far right be prevented from consolidating them into a prolonged political hegemony? And what is the essential change of direction the left now needs? Explaining the Disaster Across the commercial media and the exuberant chaos of digital platforms, interpretations are multiplying. Some focus on specific episodes: Lula’s absence from the Globo debate, his very close relationship with Alexandre de Moraes, or his emphasis on issues supposedly remote from most people’s everyday concerns, such as rare earth minerals. Among the more systemic interpretations, three seem especially questionable. One argues that the principal defeat was not the left’s, since its congressional representation declined only slightly. The decisive movement captured at the ballot box, according to this view, was a shift within the right itself—from the more moderate and transactional forces of the Centrão toward the more ideological and radicalized forces of the PL and Novo. A second interpretation holds that the nature of electoral and political processes has changed. The material interests and aspirations of society, it argues, no longer play the central role they once did; they have given way to forms of subjective self-identification that the left has yet to understand. And a third concludes that, because of these two developments, we should expect a political winter: a prolonged period in which the far right and the broader right dominate Brazilian political life. There are important elements in all three interpretations. The problem lies in what they deny or leave out: Lula’s third government was a small-bore government. It offered the majorities that elected it neither a clearly better life nor reasons to believe again in politics and its power to transform society. These failures flowed from two fatal accommodations, which I will examine below. As a result, the government suffered a slow but steady erosion of support. And, as has happened in so many Western countries, it gave the far right the opportunity to present itself as anti-system and to benefit from popular frustration and distress. The interpretation that emphasizes the migration of votes from the center-right and traditional right toward the far right has been advanced, among others, by the courageous journalist Leonardo Sakamoto. In his UOL column on Monday, October 5, he highlights the miserable behavior of the traditional conservative parties. Over the past four years, they repeatedly joined forces with the “neo”-fascists, helping to “normalize” them—a criticism that could equally be directed at almost the entire corporate media. Believing they could use the far right as a stepping stone, they instead ended up partly devoured by it. This was especially true in the Senate, where the PL’s gain of 13 senators and Novo’s gain of two came at the expense of the PSD, which lost nine; the MDB, which lost two; the PSDB, which lost two; and the PP, which lost one. Sakamoto’s observation is accurate and necessary, but it leaves uncomfortable questions unanswered. Why did the erosion of the Centrão benefit the far right rather than, for example, producing growth for the left—as has happened so many times before, both in Brazil and elsewhere? The answer is not difficult. Throughout its four years in office, Lula’s third government was almost invariably associated with the Centrão. Here lies its first accommodation: accepting the limits imposed by conservative institutions; avoiding, as much as possible, any attempt to strain those limits through popular pressure; and believing only in the modest changes that could be squeezed through openings in Congress. The failure of the campaign to end the six-day workweek is emblematic. Lula could have electrified the presidential race by pairing it with a popular campaign for passage of the measure. Instead, he chose to place his hopes in the hands of Senate president Rodrigo Alcolumbre. He generated no mass mobilization, did not force his opponents onto an uncomfortable defensive, and won no victory. In September 2025, the government squandered the greatest of its many opportunities to shake up conservative power in Congress. Popular opposition to the so-called Shielding Amendment—which, if approved, would have restricted criminal proceedings against members of Congress—brought crowds into the streets, mobilized primarily by artists and social movements. This opened the possibility for a broader political education: a campaign that could begin exposing the limits and dysfunctions of Brazil’s political system while putting Bolsonaro’s movement on the defensive for its predictable support of political privilege. The amendment was defeated. But the executive branch then backed away from the fight. It remained associated with an institutional world widely seen as corrupt, elitist, and indifferent to ordinary people’s struggles. In doing so, it forfeited its credibility as a vehicle for the protest vote. On Sunday, it reaped the bitter fruits. Are We Doomed? Taking a different approach from Sakamoto, the philosopher Moysés Pinto Neto and other writers have drawn attention, in their first analyses of October 4, to the fragmentation of the public sphere produced by Big Tech platforms. Through their algorithms, these platforms present each person with a different view of social reality. As a consequence, it becomes much harder to identify common material problems and demands—for example, the fight for labor rights or for a properly funded public health system. Voters no longer embrace such demands, these authors argue, because they no longer see themselves as part of a collective. Instead, they tend to value the identities assigned to them by neoliberal subjectivity—the role of the entrepreneur, for example. On this interpretation, the left’s possible error lies in clinging to outdated illusions. Moysés’s warning is highly relevant and resonates with arguments such as Naomi Klein and Astra Taylor’s “Apocalyptic Fascism and the Billionaires’ Bet.” Unlike a century ago, the far right no longer promises a radiant future. It concentrates instead on resentment—especially that of young men. “They belong to a generation that fears it may never own a home, but compensates with the pleasure it gets from constantly provoking progressives online. Convinced their future has been stolen, they share memes romanticizing historical authoritarian regimes,” the authors write. But Moysés seems to confuse this danger with inevitability. He fails to see that the left’s answer cannot be adaptation. On the contrary, it must strengthen the possibility of politics as collective action. Nor does he recognize that precisely such a reversal is already becoming possible in some of the most promising mobilizations of the twenty-first century: the election, at the end of 2025, of the young Muslim Zohran Mamdani as mayor of New York, on a platform centered on the intensely material fight for an affordable city; the Left Party’s victory in Berlin two weeks ago, built around the demand to expropriate private real-estate corporations; and the very recent wave of demonstrations in Spain—including an occupation of Madrid’s Puerta del Sol—in which tens of thousands of young people mobilized by the Tenants’ Union have demanded limits on rents. By putting itself in the straitjacket of the “fiscal framework” in the first months of 2022, Lula’s third government adopted the second fatal accommodation of its term. Faced with conservative institutions and a country devastated by four years of Bolsonaro, increased public investment was the government’s remaining weapon for offering a more dignified life to the majority and forging an anti-conservative pact with them. The same state that disburses 1 trillion reais a year to enrich a small class of rentiers could instead spend money to extend the Family Health Strategy to every Brazilian, at a cost of 30 billion reais; provide full-day public schooling and childcare to all adolescents and children—and, especially, relief to their mothers; achieve universal sanitation while cleaning up polluted urban rivers; multiply metro systems; begin transforming the urban peripheries; and undertake many other urgently needed projects. In April 2023, an article in Outras Palavras warned that the fiscal framework could “shrink the Lula government and preserve the forces that condemn the country to inequality and regression.” A year later, another article showed that restraints on public spending were strangling policies vital to ordinary people and undermining the president’s popularity. In November 2024 came a reality check, in the form of the government’s humiliating defeat in the municipal elections. Even then, the fiscal lock was neither removed nor loosened. On the contrary: throughout the government’s four years, fiscal restraint remained central to its political narrative. The administration proudly proclaimed that it had “put the state’s accounts in order,” without grasping either how misleading that phrase was—given the payment of 1 trillion reais in interest—or how badly the message was hurting it politically. Lula finally woke up in September 2026. The increase in Bolsa Família benefits, after four years of being frozen; the announcement that anti-obesity drugs would be offered through Brazil’s public health system; and the ban on online betting showed that the state has the power to act decisively on behalf of the majority when those in government are willing to confront obstacles. The huge marches that closed the campaign in Fortaleza, Salvador, Rio de Janeiro, and São Paulo on the eve of October 4 showed how such initiatives can mobilize activists and the broader public. But it was too late—and too little to change the outcome of the first round. History has not ended The possibility of a turnaround in the three weeks leading up to November 25 cannot be ruled out. It will not be simple or easy. Lula must not only make up a deficit of 2.2 million votes; he must also offset the movement of voters who backed other right-wing candidates in the first round, most of whom are likely to move toward Flávio Bolsonaro. Pulling that off will require a broad, grassroots effort to win over voters, potentially reinforced by new initiatives from Lula. The coming hours and days will be decisive. If Bolsonaro’s movement also wins the presidency, the result will create a high-risk situation for Brazilian sovereignty and democracy. The enormous challenges posed by such an outcome would require the left to reexamine, in depth and with a genuine willingness to engage in self-criticism, its political projects—or its lack of them—and its practices. But would that mean we are condemned to the long winter of far-right hegemony that some analyses are beginning to forecast? It is far too early to say, suggests a recent text by Álvaro García Linera, the thinker who served as vice president of Bolivia under Evo Morales. His central hypothesis is that this political current will prove short-lived. At a moment when the entire world is once again talking about sovereignty and protecting national economies, the far right offers a stale, recolonizing neoliberalism. Its submission to the United States is as blatant and pathetic as Flávio and Eduardo Bolsonaro’s overtures to Donald Trump. Its project amounts to something like every man for himself: greater inequality, capitalism without limits, devastation, and supremacism. Will it work? In the United States, just two years into his second term, Trump himself is reaching record levels of unpopularity and may be on the verge of losing Republican control of both the House and Senate in November. Every new beginning is difficult. Whatever the outcome of the second round, the defeats of October 4 show how profoundly the Brazilian left will have to rethink and rebuild. But just as it would be foolish to underestimate the seriousness of its mistakes, it would be equally foolish to conclude that rebuilding a political project is no longer possible. History has not ended. The times are moving faster than ever. Originally published in Portuguese by Outras Palavras. English translation by Eric Blanc; I’ve added the subtitles. More We can’t stop the far right at home or abroad without a revitalized labor movement, which is yet another reason why you should become a sustaining supporter of the Emergency Workplace Organizing Committee (EWOC) — one of US labor’s pivotal bright spots. Relatedly, Jacobin published a short piece of mine reflecting on a decade of Bernie Sanders inspiring a whole new generation of young worker organizers.
ConocoPhillips Reviews Norway Business & UK Teesside Asset Divestment
COP is weighing a potential Norway and Teesside asset sale valued at about $7 billion, supporting portfolio optimization and capital flexibility.
Snap investor pushes company to sell stake in eyewear business
Hedge fund Blue Duck Capital Partners wants Snap Inc. to raise capital by selling a stake in its nascent Specs unit, putting additional investor pressure on the social media app to deliver on its big investment in augmented reality glasses.
Dani Carvajal set to remain in Madrid
Dani Carvajal is still a free agent and could soon make a surprise decision, according to the Spanish press. The right-back is expected to stay in the capital, although not at the club where he made ...
Global Heat Forum seeks to galvanize action and investment
BANGKOK – The first Global Heat Forum opened today to unlock finance and supercharge solutions on extreme heat, amid record-breaking temperatures and an intensifying El Niño. The four-day event in Bangkok takes place as the Thai capital recovers from devastating rainfall and deadly floods.
Columbus Councilmembers say mayor playing politics over damaged rec center
Three Columbus City Councilmembers accused Mayor Andrew Ginther of using a storm-damaged rec center as a “political prop” in a capital budget fight.
Blackhawks’ Patrick Kane Reacts to Alex Ovechkin’s Retirement News
The Washington Capitals Alex Ovechkin has enjoyed one of the most prolific NHL career’s of all time. Ovechkin has made his mark as one of the central figures of the modern game with a legacy that will be felt long after his playing days have concluded. Those days are coming soon as the Russian forward […] The post Blackhawks’ Patrick Kane Reacts to Alex Ovechkin’s Retirement News appeared first on HEAVY.
CSUN in D.C. Internship Expands Student’s Public Health Career Aspirations
For Josiah Morrow, a three-month internship in Washington, D.C., turned the nation’s capital into a classroom — and helped shape his future in healthcare.
Washington Capitals star Alex Ovechkin announces this is his final NHL season
He broke Wayne Gretzky's career goal-scoring record in April 2025
Spanish PM Pedro Sánchez looks for political lifeline in snap election
Embattled Socialist leader aims to capitalise on housing crisis to remain in power
Capitals’ Alex Ovechkin suddenly announces retirement plans
The 41-year-old forward has the end in sight.
58,000 Hoosiers not in compliance with new HIP work rules
The Indiana Family and Social Services Administration shared internal estimates Monday showing 58,000 Hoosiers insured through the Healthy Indiana Plan are not in compliance with federal work requirements set to take effect next year.
Paid influencers and political ads - Illinois Times, the capital city's source of news, politics, arts, entertainment, culture
My associate Isabel Miller and I worked on a story last week about paid influencers in campaigns. We decided to look into it after reading news reports about how the Chicago Teachers Union has been using paid influencers in its battle to control the elected Chicago school board and Chicago Mayor Brandon Johnson is also […]
Business Roundup: Latham Aldi sets opening date, women-only gym expands into Slingerlands
Here's what's new in the Capital Region business scene.
Buy Rating Reaffirmed Might Change The Case For Investing In Astrana Health Stock
Astrana Health recently reported quarterly results showing solid revenue growth and higher net profit for the period ending June 30, with a reaffirmed Buy rating from Freedom Capital Markets serving as supporting commentary on the business performance. The combination of rising quarterly profitability and revenue momentum suggests Astrana Health is executing on its healthcare model, with analyst confidence reflecting how that operating progress is being interpreted by the market. This...
Silicon Valley hottest funding source: the Bank of Best Friends
As big money deals in venture capital dry up, tech founders are asking mom, dad, and friends to open their wallets.
UCF's Defense Struggles to Close in 27-17 Loss
A dominant start crumbled as a relentless Houston ground game capitalized on short fields and a vanishing pass rush, leaving the Knights searching for answers before facing powerhouse ranked opponents.
This Is Where Colts-Commanders Game Is Being Played Today
The Indianapolis Colts and Washington Commanders are a long way from home on Sunday. It’s Week 4 of the 2026 NFL season, but the Colts and Commanders aren’t playing in Indy or in the nation’s capital. Instead, they’ve crossed the Atlantic Ocean for a game that kicks off in the middle of the morning back […] The post This Is Where Colts-Commanders Game Is Being Played Today appeared first on HEAVY.
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.
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