SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " rescue " 264 found 🔀 AI-powered Shuffle
NASA’s Swift telescope is back, but time is running out
NASA has brought two of Swift’s telescopes back online after technical problems derailed a commercial mission intended to rescue the aging observatory by raising its orbit. With atmospheric drag pulling the spacecraft downward faster than expected, scientists may have only another month or two before Swift falls below a critical operating altitude.
NASA's doomed Swift space telescope restarts science work after rescue mission fails
The nearly 22-year-old observatory is once again studying the cosmos, but its time in orbit is running out.
Local rescue holding online sports memorabilia auction
Finding Eden Rescue is holding its first sports memorabilia auction, with more than 25 items up for bid through Sept. 9. The online auction launched Aug. 28 and runs through Sept. 9 at 5 p.m., according to Peyton Olsen, founder and CEO of Finding Eden Rescue.
‘Coyote Vs. Acme’ $1.7M Previews, ‘Dog Stars’ $850K As Canines Rule Thursday
Ketchup Entertainment’s dog rescue of Warner Bros’ Animation’s Coyote vs. Acme was solid in previews with $1.7M. That includes not only Thursday money, but also $446K in sneaks last weekend from U.S. ...
Status of The Lions Bay Resources Barbrook Business Rescue Plan
Victoria, South Africa--(Newsfile Corp. - August 28, 2026) - On 25th August 2026, Vantage Goldfields released a press statement, wherein they claimed that the "Lions Bay Resources Proposed Transaction to Acquire the Barbrook Mine Has Failed" and further that "Confirmation provided by the South African Mining Regulator means that Lions Bay Resources, owned by Metals One Plc (AIM: MET1) (LSE: MET1) and Lions Bay Capital Inc. (TSXV: LBI), cannot obtain mining regulatory approval, so that the...
Three rescued belugas arrive at SeaWorld San Diego after 2,500-mile journey from Canada
Ever since Canada's Marineland shuttered in 2024, there has been a scramble to find homes for 30 beluga whales who were once kept there.
Liverpool fight back in thrilling four-goal draw
Rebecca Lowe and the chaps react to Newcastle's 2-2 draw with Liverpool, where a late stoppage-time penalty rescued a point for the Reds at St. James' Park.
Huntsville crews fight business fire
HUNTSVILLE, Ala. (WHNT) — Huntsville Fire and Rescue responded to a business fire in north Huntsville Sunday evening. The fire started before 7 p.m. in a business off Stringfield Road. Crews …
Debbie Maue
Having worked remotely sporadically for 11 years, Debbie Maue says that splitting time between the action in Chicago and launching a development in Montana (“Landmark Whitefish” in Whitefish, Mont.) was a natural transition. She says that she’d already been doing FaceTime and recorded video tours for almost two years prior to the shutdowns, and as a result, sees virtually “walking through” a property as natural as an in-person tour. She is president of Real Estate to the Rescue and chair of Chicago Association of Realtors International Committee.
Firefighters rescue kittens from Decatur business fire
Firefighters rescued a litter of kittens while responding to a business fire in Decatur Thursday morning.
Measuring Whether Behavioral Health Crisis Systems Reach People in Need
Since passage of the American Rescue Plan Act in 2021, the United States has made significant investments in behavioral health crisis response systems,
IRC launches health, child protection response as Colombia earthquake death toll rises
As search and rescue efforts continue following the deadly earthquake in western Colombia, the International Rescue Committee (IRC) has launched a response to assist the most vulnerable communities, including children.
Bill backed by Tarrant lawmaker could shift how local ambulances do business. Here’s how
The RESCUE Act aims to get reimbursement rates for ambulances up to date.
Cloud storage is great until your vendor goes out of business
A St. Louis PBS station is suing a data center provider to rescue a 70-year archive.
The Swift Rescue Mission Could Be Back in Business
After a nearly catastrophic failure, a software update renews hope of saving NASA's Swift observatory before it burns up.
PPB, PF&R Safely Rescue Juvenile in Mental Health Crisis
The Portland Police Bureau and Portland Fire & Rescue collaborated for more than an hour to safely rescue a juvenile boy experiencing a mental health crisis.
Nigerian governor details victims' health after government rescues hundreds from jihadi kidnappings
AbdulRahman AbdulRazaq, the governor of Nigeria's Kwara State, says the country is still assessing victims' health after Nigerian forces rescued hundreds of women and children after six months in jihadi captivity. Credit: Associated Press
Sarah Childress to lead Nashville Office of Entertainment
Mayor Freddie O'Connell chooses Sarah Childress to head the Nashville Office of Entertainment. Three rescued spider monkeys arrive at the Nashville Zoo.
Universal's 'Disclosure Day' Rises to No. 1 on U.K. Home Entertainment Sales Chart Through Aug. 5
Universal’s Disclosure Day moved up to No. 1 on the Official Film Chart, the U.K.’s weekly home entertainment sales chart, rising two spots in its second week on the chart. The Steven Spielberg-directed sci-fi drama pushed Lucasfilm’s Star Wars: The Mandalorian & Grogu to No. 4 in its second week on the chart. Lionsgate/Universal’s Michael … Continue reading "Universal’s ‘Disclosure Day’ Rises to No. 1 on U.K. Home Entertainment Sales Chart Through Aug. 5"
Bangladesh’s Ousted Leader Says She’ll Return Despite Threats
Bangladesh’s ousted leader Sheikh Hasina vowed to return to her country despite facing a death sentence, calling it her “duty” to help rescue a country she described as sliding into economic distress and democratic decline.
Linda Blair offers update on ‘bizarre’ raid of her property over reported kennel operation
Linda Blair is glad that that the ‘bizarre’ search of her property could ‘shed light’ on the animal rescue crisis amid the active investigation of a ‘kennel operation.’
Person falls from significant height at Southwest Side business
San Antonio crews rushed to a South Side business after a person fell from a significant height. Fire Department Technical Rescue extricated the patient, who was taken to the hospital as Priority 1.
Dunedin open container district: Businesses push for outdoor drinking
Local business owners are pushing city leaders to let downtown happy hour spill onto the sidewalks to help rescue slumping summer sales.
Cruise ship passengers rescued after vessel runs aground
The Viking Ullur cruise ship became stranded in the Danube River near Vidin, Bulgaria, forcing police to evacuate 186 passengers on board, reports said.
Failure to rescue after TAVR: New study tracks outcomes at high- and low-volume hospitals
High-volume hospitals are often associated with better TAVR outcomes. The team behind this new study wanted to see if a similar trend was seen with FTR rates as well.
North Star Health to close birthing center at hospital in Ogdensburg
Claxton-Hepburn Medical Center is losing revenue operating its 24-labor-and-delivery unit amid months of financial turmoil at North Star.
Rescued bald eagle may be internet-famous Jackie
Friends of Big Bear Valley is working with rescue organizations to monitor the situation.
Ex-politician on mission to save the printed word
Pat Davis, who served two terms as an Albuquerque city councilor, rescued Roswell's newspaper from the brink.
The bold plan to rescue science education
With national STEM strategies expiring in 2026, experts say the window to reshape science education is open – but it won't stay open long
CPR training kiosk arrives to Science Museum of Virginia
The Science Museum of Virginia has a new CPR training kiosk as part of its interactive “Rescue” exhibition.
Lightning strike damages Woodland packaging business
A lightning strike damaged a packaging business in Woodland during storms early Thursday morning, according to Clark County Fire & Rescue.
Maker of Drone Boats Used in Iran War to Open New Texas Shipyard
Saronic Technologies will make naval and commercial vessels at the facility. The company’s naval drone helped rescue the crew of a downed Apache helicopter last month.
Can network sharing rescue the 6G business case?
Telcos spend heavily to eliminate costs yet cling to facilities-based competition. Ahead of 6G, embracing network sharing may be a survival move.
Dallas County's largest mental health provider faces severe financial crisis
Dallas County officials are divided over how to rescue Metrocare, the county's largest behavioral health provider, as it faces a severe financial crisis requiring up to $15 million to avoid going broke
Analysis: Wes Moore’s Bronze Star was a political rescue mission
New revelations raise serious questions about the process used to obtain the Bronze Star presented to Wes Moore in 2024 and whether it violated federal law.
Microsoft defends Asha Sharma, says she is an American CEO and Xbox layoff had nothing to do with H-1B
As Asha Sharm, the CEO of Xbox, came under vicious trolling after the gaming division of Microsoft announced the elimination of 3,200 positions, Microsoft came to her rescue and clarified that it had nothing to do with replacing Americans with foreign workers. Frank X Shaw, the lead for the communications for Microsoft, also addressed the 'Indian-origin' angle of the immigration debate and called Asha an American born, educated CEO from Wisconsin.
Wes Anderson, Luke Wilson rescued after getting trapped in an elevator
A star-studded celebration of Wes Anderson's "Bottle Rocket" took a turn when the fire department had to be called earlier this week.
Scientists build tiny 'diving suit' for cockroaches, turning them into search-and rescue cyborgs
Researchers in Singapore and Japan have built a waterproof shell for cyborg cockroaches that could be deployed in disaster zones to investigate flooded areas.
Black marine scientists fight for Florida's coral reefs
Marine life has been experiencing a prolonged heat wave with no end in sight. Divers with BIMS, a global nonprofit network of Black ocean scientists and marine enthusiasts, joined the University of Miami's Rescue a Reef program to plant nursery-grown corals along the Florida Reef Tract. But for them, this work is about more than corals; it's also about Black representation in marine science.
Academic Excellence Award Winner
Academic Excellence Award Winner Erin shares her experiences as a Public and Community Health Major, with double minors in Legal Studies and Health Policy and Management:"I came to Ithaca from the suburbs of Boston, Massachusetts knowing that I wanted an education that would allow me to change the world in a positive light. Admittedly, I was unaware when choosing the public health major just how much of an impact I could make, but through my experiences in this rigorous program, I know public health is where I am meant to be. Being a public health major during the COVID-19 pandemic was a unique experience. My education granted me the opportunity to work on and off campus with different populations to provide support during the pandemic. Professor Srijana Bajracharya was my professor for Research Methods in Health. She encouraged her class to create research projects that would benefit our communities. She was a mentor for me and helped me find my passion in research, which I have brought with me to my job as a research assistant for Rescue - The Behavior Change Agency. I thank Professor Bajracharya for her guidance and support throughout my time as a public health student."
Local businesses evacuated after natural gas line breaks in Jacksonville’s San Marco neighborhood
The Jacksonville Fire and Rescue Department are investigating a two-inch break in a natural gas line on Kings Avenue near Naugle Way in Jacksonville’s San Marco neighborhood.
Public health emergency looms in Venezuela as health system struggles to meet heightened needs following twin earthquakes
Public health emergency looms in Venezuela as health system struggles to meet heightened needs following twin earthquakes
Rescue mission launches to save NASA telescope that's falling back to Earth thanks to solar storms
Launched in 2004, Swift is sinking faster than ever because of recent solar storms.
NASA launches bold mission to rescue a falling space telescope before it crashes to Earth
NASA's Swift Observatory is slated to enter Earth's atmosphere later this year, but the Katalyst Space spacecraft aims to boost it higher this summer.
Scientists just unveiled “cyborg” cockroaches that can breathe underwater for hours
The bionic bugs could be called up for aquatic search and rescue missions, according to the researchers
Redford Township cat hoarding case: Animal Control rescues cats from home deemed public health hazard
Animal control officers from multiple agencies are continuing efforts to rescue dozens of cats from a Redford Township home after authorities declared the property an imminent danger to public health.
PA business owner slams Gov Shapiro over missing booth at Great American State Fair
Quarter Pine Tree Farm owner Beth Ann Bossio joins 'The Faulkner Focus' to discuss how Sen. Dave McCormick and Sen. John Fetterman bypassed Gov. Josh Shapiro to rescue the state's 250th Great American State Fair booth.
Swift Boost Mission: An opportunity for science and defense
Instead of letting a 22-year-old space telescope fall to Earth, NASA wants to rescue the Neil Gehrels Swift Observatory with a robotic spacecraft designed to boost the telescope back into higher orbit.
Venezuela quake: key services crippled and health workers missing
Search and rescue operations continued in Venezuela on Tuesday as thousands of displaced people struggled to find shelter and humanitarians warned about the spread of infectious disease.
These tiny soil microbes could rescue crops from salty farmland
Researchers have discovered that beneficial soil bacteria give plants an unexpected survival advantage in salty soils. Instead of helping plants keep salt out, the microbes stimulate the production of lignin, a natural compound that strengthens roots and makes plants more resilient. Greenhouse and field tests showed healthier plants and higher yields in salty conditions. The findings could lead to bio-based treatments that help farmers grow crops on land once considered too salty for agriculture.
Eugenio Suárez rescues Reds in 9-7 win over Pirates
The Reds got a 9th inning homer from the slugger they hope can carry them through the season’s second half.
Science Debunks a Common Belief About Pets and Stress
Scientists found that spending time with cats and dogs can improve owners’ mood, but not through the stress-relieving mechanism they anticipated.
USPS tells Congress it needs cash rescue amid broken business model
Postmaster General David Steiner told a Senate committee the agency has amassed nearly $31 billion in cumulative defaults and could run out of cash by year's end
Outrage rescued an important ocean research program
Senators saved a network of ocean sensors but other cutting-edge efforts are running out of funding.
Outrage rescued an important ocean research program. Crucial ones remain at risk.
Senators saved a network of ocean sensors from "supreme stupidity." But other cutting-edge efforts are running out of funding, too.
Exclusive: Downed US pilot reported seeing Iranian drones swarm in ‘jellyfish’ formation
A US fighter jet pilot rescued by special forces after being shot down over Iran in April described a shocking sight before ejecting from his aircraft: multiple Iranian drones hovering in the air, moving as one, in a formation that resembled a jellyfish, according to four sources familiar with the matter.
Los Alamos Faith & Science Forum Presents ‘Saved By The Spirits: Did Religion Rescue Paleolithic Humans From Extinction?’ June 24
Dr. Nels Hoffman/Courtesy photo LAF&S FORUM NEWS RELEASE The Los Alamos Faith and Science Forum 2026 Summer Series Presents ‘Saved by the Spirits: Did religion rescue paleolithic humans from ex…
When Art Rescues Politics: Dismantling the “Walls Between Us”
Chukwudi Ukonne speaks with the 2026 Indibano Art Residency cohort & writes about the need to build connections between Africans & the global Black diaspora.
Clemson MBAe student launches business with help of TD Saturday Market
Stickley is just one example of how Clemson MBA students and alums are using the TD Saturday Market to transform ideas into businesses. While Stickley plans to pursue Salamander's Grove full-time after graduation, he is just one example of how Clemson MBA students and alums are using the TD Saturday Market to transform ideas into businesses.
Fortescue and IUCN chart a science-based path to net positive impact for biodiversity
Gland, Switzerland — IUCN and Fortescue have published findings from the first phase of their strategic collaboration, showing how science-based tools can guide a mining company’s journey toward net positive impact on biodiversity and Nature Positive contributions. The work, carried out at the Eliwana iron ore mine in Western Australia’s Pilbara region, demonstrates what rigorous, credible biodiversity action looks like in practice.
Japan hikes interest rates to highest since 1995 to fight inflation from Iran war; Thames Water rescue in doubt
Rolling coverage of the latest economic and financial news
Firefighters called to equipment fire at Wilmington business
New Hanover County Fire Rescue crews are responding to a piece of equipment that caught fire at a business on N. Kerr Avenue Monday afternoon.
Trump’s UFC 80th birthday bash looks to rescue his tarnished macho image
President Donald Trump’s birthday bash masks an increasing reality in his second term: Even as he tries to double down on his macho image, Americans don’t see him as much as the domineering totem of strength he wants them to.
‘It could have been preventable’: Neighboring business owner reacts to second recycling plant fire in Albuquerque
Déjà vu for Bernalillo County Fire and Rescue being called to two fires at a South Valley Recycling Plant in less than two weeks.
Gilbert Fire and Rescue orders full building evacuation, leaving business owners scrambling for space
Gilbert fire ordered a full evacuation of a commercial building near Gilbert and Guadalupe roads after determining the property posed an immediate safety risk, leaving business owners scrambling.
Birmingham Fire and Rescue expands mental health support with paid leave, new wellness app
The Birmingham City Council recently approved paid mental health leave for members of the department.
Use Tiny11 to Rescue a Computer Running Windows 10
If you can’t—or don’t want to—upgrade to full Windows 11, consider this lightweight version of Microsoft’s operating system that works on a wide range of computers.
BATMAN to the rescue: TMVR technique helps cardiologists reduce risk of LVOT obstruction
LVOT obstruction is a serious complication of TMVR. BATMAN may help protect patients from LVOT obstruction without leading to any additional risks.
Person rescued from water near Museum of Science in Boston
Boston firefighters in survival suits rescued a person from the water near Science Park. The person was taken to the hospital by Boston EMS.
Caesars Entertainment partners with nonprofit to rescue convention food
Caesars Entertainment is teaming up with a local nonprofit to turn leftover convention food into meals for families in need.
Premature abandonment of protocol
In real-life rescue situations, it is well documented that the most dangerous moment comes right before safety. Emotional exhaustion takes over and, most dangerously of all, protocol begins to disappear.
Lucy Bentsen: Coastal roots lead to marine science, diving career
Lucy Bentsen, a passionate marine science student, shares her journey, experiences, and future plans in marine rescue, rehabilitation, and diving.
IRC to World Health Assembly: Close the Global Health Equity Gap — for the World’s Benefit
As the world faces the largest Ebola outbreak in more than a decade in a region with chronic violence and instability, and as infectious diseases such as the hantavirus command global attention, the International Rescue Committee is urging delegates gathering for the 79th World Health Assembly (WHA79) to make sustained investments into fragile and conflict-affected states.
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
Business formations hit all-time high as ‘under-employed’ Americans turn to side hustles to make ends meet
It seems nobody's coming to rescue American families from an affordability crisis—so they're taking it into their own hands.
‘Mental health is not a death sentence’: Jacksonville community group demands new crisis response plan for JSO
Jacksonville Community Action Committee rallied at City Hall, urging a mental-health-led crisis response team. JSO says it’s aware and investigations continue. Recent bridge rescue and Walmart standoff highlight stakes.
Relmada Therapeutics Reports First Quarter 2026 Financial Results and Provides Business Update
Positive 12-Month Phase 2 data for NDV-01 demonstrated a 95% complete response (CR) rate at any time and a durable 76% CR rate at 12 months in high-risk non-muscle invasive bladder cancer (NMIBC), and a 94% CR rate at any time and a durable 80% CR rate at 12 months in the BCG-unresponsive subpopulation, reinforcing best-in-class potential in NMIBCOn track to initiate Phase 3 RESCUE registrational program in second line (2L) BCG-unresponsive and adjuvant intermediate-risk NMIBC in mid-2026Filed p
Early morning fire in Norfolk business under control, investigation underway
NORFOLK, Va. (WAVY) — Just before 6 a.m. Sunday, Norfolk Fire-Rescue responded to a commercial fire in the 1200 block of Military Highway after receiving multiple calls. Courtesy: Norfolk Fir…
Bank of America Wants GTA 6 Priced at $80 to Rescue a Struggling Industry — With Gamers Footing the Bill
Bank of America says GTA 6 needs an $80 price tag to save a struggling industry, forcing gamers to pay the price.
Baptist hospital
PENSACOLA, Fla. -- When a patient’s heart and lungs are too weak to function, a specialized rescue treatment called ECMO can provide short- to long-term support
14 toucans found inside a car dashboard complete rehab
The colorful tropical birds are highly prized in the illegal wildlife trade.
Building Business: South Portland builder incorporates salvaged wood with a history
Ryan Deane, of South Portland-based Deane Design & Build, creates homes and other structures that incorporate salvaged wood he’s rescued from barns and buildings destined for demolition.
Burcum: The race to rescue HCMC
The fight to save Minnesota’s most essential hospital is urgent, unfinished, and only going to get harder, columnist Jill Burcum writes.
Spirit Airlines begins winding down operations, canceling all flights
Spirit Airlines says that it has "started an orderly wind-down of our operations, effective immediately" while the outcome of talks between the airline and the federal government over a $500 million rescue deal for the remains unclear.
Spirit Airlines shuts down after White House rescue deal falls through
The airline said early Saturday it had “no choice” but to wind down operations immediately, dashing hopes of a last-minute financial lifeline.
Spirit Airlines shutting down after rescue talks collapse
The airline had been in talks with the Trump administration about a $500m bailout.
Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart
A $500 million government bailout faltered as the discount carrier ran low on cash and bondholders balked.
Cambodia Politics
Am Sam Ath, center, monitoring manager of LICADHO, a human rights organization, speaks to journalists after a court session of former Cambodia National Rescue Party's President Kem Sokha outside an
Minnesota Senate approves funding to rescue Hennepin Healthcare from closure
North Star Sports hosts annual bike swap in Burlington
A portion of proceeds will be donated to Passion 4 Paws Animal Rescue.
Samsung Messages is Shutting Down: Here's How to Rescue All Your Messages Before It's Gone
The Samsung Messages app is being deactivated in July. Here's how to save all your messages.
China’s DRAM Suppliers Come To The Rescue As They Ramp Up LPDDR4 Production Shortly After Samsung Abandons Customers
Samsung exclusively moving to LPDDR5 production has given Chinese DRAM makers to pursue LPDDR4 manufacturer to cater to abandoned customers
Scientists Use AI to Map Ocean Currents in Incredible Detail
Understanding ocean currents is important for work such as weather forecasting, climate research, search-and-rescue operations and oil spill response.
Owl saved from electrical fence adopts abandoned owlet
Staff at a wildlife center paired a baby-less owl mother with mother-less baby owl.
Trump invokes religious rhetoric in praise of Iran rescue, drawing criticism
Critics say Trump blurs line between faith and policy.
Trump’s Lesson From Risky Rescue: Threaten to Go Harder at Iran
In an expletive-laced social media post, the president said Iran should open the Strait of Hormuz or he would bomb bridges and power plants.
New Owner of Shopping Plaza in Kansas City Pitches a $1.5 Billion Rescue Plan
The Country Club Plaza’s sale and turnaround plans come at a consequential economic time for Kansas City, Mo., which will soon lose the Chiefs football team.