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Business spotlight: Cookie business grows from family tradition to community favorite in Killeen
What started as a way to create family memories in the kitchen has grown into a recognizable local baking business with a loyal following across Central Texas.
In 1908, something exploded in the sky over Siberia with hundreds of times the energy of the Hiroshima bomb, flattening more than 2,000 square kilometres of forest. When scientists finally reached the site years later, they found no crater at all
On the morning of 30 June 1908, an object from space exploded above the basin of the Podkamennaya Tunguska River in central Siberia. It flattened roughly 2,150 square kilometres of forest, an area larger than Greater London, and tens of millions of trees were knocked down in a pattern that radiated outward from a single […]
Penn College partners with Noodle to secure jobs for health science students
Now in its second year, Penn College’s ongoing partnership with the platform Noodle has enabled students in radiology and nursing to secure guaranteed jobs and employer student loan repayments.
Black Women, Beauty Politics and the Power of Rage in 'Is God Is'
In one of the film’s most surreal scenes, the twins at the center of *Is God Is*—Racine, “the Rough One,” and Anaia, “the Quiet One”—pretend to be strippers for a room full of men. But while Racine is welcomed, Anaia is rejected because her scarred face disrupts the men’s fantasies. That moment crystallizes one of the film’s central questions: What happens when Black women refuse to shrink themselves for the comfort of others? In Aleshea Harris’ Gothic revenge thriller, ugliness becomes both a burden and a source of power, as the film transforms into a stereotype-busting meditation on misogynoir, beauty politics and righteous rage. As the twins travel cross-country seeking vengeance against the father who burned their mother alive, Harris layers the conventions of the revenge genre with distinctly Black feminist aesthetics. The film moves between absurd comedy, trap music, intimate sisterhood and brutal violence while interrogating the ways Black women are expected to manage their pain, suppress their anger and perform acceptability. Anaia’s scarred face and Racine’s consuming rage become mirrors of the same misogynoir that shapes Black women’s lives—whether through beauty standards, domestic violence or the demand to remain silent. What makes *Is God Is* so striking is its refusal to look away from the “ugly.” Harris insists that Black women marked by violence, scars and fury still deserve visibility, complexity and even divinity. The film embraces the “angry Black woman” and the “ugly” Black woman as figures worthy of space, power and humanity. In doing so, it expands the tradition of Black feminist filmmaking by asking viewers to confront the realities dominant culture would rather ignore—and to recognize the beauty, dignity and selfhood that exist beyond respectability.
The 4th BOCHK Science and Technology Innovation Prize Award Ceremony Concludes with Great Success
The 4th BOCHK Science and Technology Innovation Prize Award Ceremony, organised by the Hong Kong Alliance of Technology and Innovation (HKATI) and title-sponsored by Bank of China (Hong Kong) Limited (BOCHK), was concluded successfully. The Ceremony was officiated by distinguished guests including Mr Leung Chun-ying, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference (NCCPPCC); Mr Zhang Yong, Deputy Director of the Liaison Office of the Central Peop
Bond breakout? Big effects of bad data. Immigration and thermostatic politics & dad-chat is coming for dad-books.
Thank you for opening your Chartbook email. Anna Airy, A Shell Forge at a National Projectile Factory, Hackney Marshes, London, 1918 Bond breakout - John Authers Across the developed markets, bond markets are staging a slow-motion car wreck. Looking at the drastic moves in the US, Japan, the UK and France, Barclays’ Ajay Rajadhyaksha commented: “Last week, long bonds broke. Not in one country. In all of them. Simultaneously. Four countries. Four different political systems. Four different central banks. But the same trade — “get me out of duration!”” Each country has its own contributing political problems, but the uniformity of the shift out of long-term bonds with high duration makes clear that something broader is afoot. For Rajadhyaksha, it is “simple and uncomfortable.” The developed world “has too much debt, too little fiscal discipline, and no political appetite for fixing either.” If there’s a trigger, it has been the Iran war and the resulting shock to oil supply. Source: Bloomberg G7 countries are now borrowing at rates that were enjoyed by EM in the early 2020s For contributing subscribers only. Subscribe Trade between China and Russia has grown in recent years For contributing subscribers only. Subscribe Big effects of bad data A decade ago nearly nine in ten Americans, when approached, agreed to fill out the Current Population Survey, which is administered to about 60,000 households each month and asks about, among other things, employment. Fewer than seven in ten do so now (see chart 1). For the Consumer Expenditure Survey, which tries to capture 3,700 households monthly, the response rate is down from 68% to 40%. … When the information becomes less reliable, investment decisions get more difficult to make. Some may be delayed, creating a potential drag on the economy. A new working paper by Nicholas Bloom of Stanford University, Erica Groshen, former head of the Bureau of Labour Statistics (BLS) now at Cornell University, and Duncan Hobbs and Michael Strain of the American Enterprise Institute, a think-tank, hazards an estimate. Preserving trust in “the integrity and quality of official statistics”, the authors claim, generates economic benefits of about $25 for every $1 spent on the BLS, the agency with an annual budget of $700m that is responsible for many of these data. To arrive at their conclusion the quartet analysed an ignoble episode in the BLS’s recent history. On August 1st 2025 Donald Trump sacked Erika McEntarfer, appointed as the agency’s commissioner by his predecessor, Joe Biden. The president alleged, without evidence, that the BLS’s steep downward revision to recent jobs numbers had been “RIGGED in order to make the Republicans, and ME, look bad”. In fact, it was the wanton dismissal that looked bad in the eyes of many observers. In the following seven days there was a 50% leap, relative to the week before, in the average value of the index of Economic Policy Uncertainty (EPU), which tracks the number of articles mentioning such uncertainty that are published daily in American newspapers. This was a discernible jump even when compared to the chaos caused by Mr Trump’s trade war in April 2025 and his real one in Iran in the past two months (see chart 2). Based on Mr Bloom’s earlier study with other colleagues of the EPU’s impact on business investment, industrial production and employment, the authors estimate that the jump reduced American GDP by over $100bn (0.3%) and non-farm payrolls by 168,000 (0.1%). Source: The Economist Immigration and thermostatic politics (Sarah O’Connor in the FT) A strange thing happened a year and a half ago. No sooner had Americans elected Donald Trump as president on an explicitly anti-immigration platform than US public opinion began to swing much more favourably towards immigration. … to political scientists who study “thermostatic” politics, this development is no surprise at all. Public opinion often moves against the prevailing party, especially if they are perceived to have gone “too far” in one direction. The phenomenon was first explored in the 1990s with reference to fiscal policy, but in recent years it has been particularly evident in the realm of immigration policy. While these swings in opinion polls can make it seem as if people don’t know their own minds, they can be a useful democratic check on governments by sending bright flashing warning lights when policies stray too far from the public’s comfort zone. The problem comes when politicians misinterpret those signals. When people tell pollsters they want less immigration, or think it is bad for the country overall (or the converse), they are often expressing an opinion about how things appear to be going in that moment relative to their preferences, rather than a deep shift in their underlying views. According to Alexander Kustov, a political scientist, most Americans’ views are quite stable and moderate: they support immigration that is controlled and in the national interest, and oppose flows that are disorderly or under-enforced. In the US, he argues the Trump administration over-interpreted dissatisfaction with high immigration under Joe Biden, and implemented policies that went too far for many voters. “People don’t necessarily change their idea about their ideal immigration policy, but they can react to what the government is currently doing,” he told me. “A lot of people are not happy with what the Trump administration are doing — right now we’re not talking about border enforcement, we’re talking about people not just getting harassed, but killed.” But similarly, he added, pro-immigration advocates would be making a mistake to interpret the recent, more favourable swing towards immigration as a deep-seated ideological shift in attitudes. The recent history of UK immigration policy offers another cautionary tale. After the 2016 Brexit referendum, public concern about immigration fell. This was partly because net migration statistics declined, but also because people felt a sense of catharsis and control, says Sunder Katwala, director of British Future, a think-tank. By 2019, the public ranked immigration as only the ninth biggest issue of concern, according to Ipsos polling. But when the Conservative government liberalised visa routes for students and care workers between 2019 and 2022, that helped net migration to surge. And so, too, did public concern. Today’s Labour government has implemented another sharply restrictive turn in immigration policy. As Kustov and researcher Caitlyn Yates argue, thermostatic public opinion should be a useful check on politicians. Instead it seems to have helped to magnify the pendulum swing in the UK. The government over-interprets and overreacts to a change in public opinion, which reacts in turn, prompting a sudden swing the other way. Source: Financial Times HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Anna Airy, Shop for Machining 15-Inch Shells: Singer Manufacturing Company, Clydebank, Glasgow, 1918 Racing for a vaccine … we have been here before! The deadly Ebola outbreak in two African countries driven by a virus species with no vaccine has triggered an urgent search for a potential jab, in a test of troubled global efforts to avert threats posed by emerging diseases. A World Health Organization advisory group is due to would meet on Tuesday to recommend candidate jabs to prioritise for clinical trials, the global health body said. It will assess data including an analysis by the Coalition for Epidemic Preparedness Innovations (Cepi), which was set up after failures in the international response to a previous Ebola crisis. The latest Ebola outbreak in Democratic Republic of Congo and Uganda has infected hundreds of people and killed more than 80, health authorities say. Cepi’s reaction will be a crucial indicator of its progress towards its wider goal of producing vaccines for pandemic threats in just 100 days, despite steep cuts to international health funding. “If there was ever a time that we could show the world why Cepi is needed and show the world why the 100-day mission is needed, it’s now,” Nicole Lurie, the organisation’s executive director for preparedness and response, told the FT. “We’re happy to accept that responsibility, but obviously we need help from partners — particularly financial help in the long run.” DR Congo and Uganda would make the final decision on whether to press ahead with any vaccine candidates endorsed for clinical trials by the WHO experts, the global health body said. “Other ethical and community acceptability issues will be considered,” said the WHO, which declared the latest outbreak a public health emergency of international concern on Sunday. “This will be important to make sure that the trial, if it happens, will be adequately communicated to the population.” Lurie said Cepi had provided information from a survey of research teams and companies working on drugs that might be effective against the Bundibugyo virus behind the outbreak. The organisation hoped soon to announce partners in the quest for a jab, she added, although she declined to give a timescale for when one might be developed. Cepi’s Nicole Laurie said global health bodies were ‘getting some live-fire drills’ with hantavirus and the latest Ebola outbreak. The hunt for a vaccine should be helped by scientific advances including the use of artificial intelligence to find drugs active against viruses, Lurie said. Existing jabs against the Zaire Ebola virus responsible for many previous outbreaks might provide a basis for tackling the Bundibugyo species, she added. “We’ll see how far and how fast we can get,” Lurie said, adding that Cepi had done preliminary work recently on a possible jab for the rat-borne hantavirus responsible for a recent fatal outbreak on a cruise ship. “Both with hantavirus and now with Ebola, [we] are getting some live-fire drills.” Source: Michael Peel in the Financial Times Dad-chat is coming for dad-books. (By Pamela Paul and Jeffrey A. Trachtenberg in the WSJ) They were the go-to gifts for Father’s Day: a book about some little-known chapter of World War II, the sweeping narrative of a shipwreck, perhaps the latest presidential biography. These days, dad books are a dying breed. Nonfiction book sales have been in decline for the past four years, and are now the most challenged segment of the print book market. Publishers say certain types of books still fare well—including celebrity memoirs and religious titles. But in recent years, print sales in such categories as biography, current affairs and business and economics—what publishers refer to as “serious nonfiction” and which tend to resonate especially with men—have fallen considerably. Sales of nonfiction print titles were down nearly 8% through May 9 this year, and sales of books about politics and current affairs were down 19%, according to book tracker Circana BookScan. Publishing has long been subject to cyclical changes, with trends in format and genre taking over bookshelves in grand sweeps. (Remember the adult coloring-book craze? Or the stratospheric rise of romantasy?) But many in publishing believe the decline in serious nonfiction is more existential. “The trend couldn’t be clearer,” said Jonathan Karp, the former chief executive of Simon & Schuster and publisher of the new Simon Six imprint. “This is a sea change and people should wake up and realize we’re living in a new world.” One culprit for the shift: a new media diet for fans of more serious nonfiction. … Sixty-two percent of men and 54% of women consumed a podcast in the prior month, according to a recent survey by Edison Research at SSRS, up from 46% and 39%, respectively, in 2023. “When we have internal meetings to talk about this problem, it always comes around to podcasts,” said Jonathan Burnham, president and publisher of the Harper Group at HarperCollins Publishers. “The man who wants to read American history is now tuning into one of the many good podcasts about history that lends the quiet attention to a serious subject he’s looking for. It makes the idea of sitting down with a 700-page Ron Chernow book less appealing. You’ve scratched that itch.” Source: Wall Street Journal Remarkable report by Novara from the nationalist rally in London in mid May. Anna Airy, Leopard Moth and Plums, 1915 If you’ve scrolled this far, you know you want to click: Subscribe
Fresno is one vote away from allowing alcohol consumption in ‘Entertainment Zones’
FRESNO, Calif. (KSEE/KGPE) – Change is brewing in Downtown Fresno. Fresno City Councilmembers voted Thursday to pass the first phase of an ordinance to allow people to drink alcoho…
Good Sports: Sophia Lopes prepares for USC, aiming to make history with Central East
She's not just one of the best. Sophia Lopes is determined to keep making history in the Valley.
World Health Organization raises Ebola risk in Congo to ‘very high’
GENEVA >>The head of the World Health Organization warned today that Ebola infections in the Democratic Republic of Congo are escalating rapidly and now pose a “very high” risk to the Central African country.
Your Entertainment Escape Ep. 66 - One Day at Zoorassic Park
Fresno and Central Valley news, weather and sports
Local business fills school’s potholes for free
ARGYLE, N.Y. (NEWS10) — Tom Genovese has been on the board at Argyle Central School District for over a decade. A few weeks ago, he stopped by Greenough Paving Company to talk about getting t…
Mariposa Medical Office Building expands specialty care access in major health corridor
WOAI NBC News Channel 4 San Antonio provides local news, weather forecasts, traffic updates, investigations, and items of interest in the community, sports and entertainment programming for San Antonio and nearby towns and communities in South Central Texas, including Windcrest, Uvalde, Universal City, Somerset, Seguin, Schertz, San Marcos, Sabinal, Poth, Poteet, Pleasanton, Pearsall, New Braunfels, Live Oak, Kerrville, Hondo, Helotes, Goliad, Fredericksburg, Floresville, Eagle Pass, Devine, Del Rio, Cuero, Crystal City, Converse, Cibolo, Castroville, Carrizo Springs, Boerne, Bandera.
Anavex Life Sciences Receives Expected Nasdaq Delinquency Notification
Anavex Life Sciences Corp. (“Anavex” or the “Company”)(Nasdaq: AVXL), a clinical-stage biopharmaceutical company focused on developing innovative treatments for central nervous system (CNS) disorders, today announced it received anexpected delinquency notification letter (the “Notice”) from the Listing QualificationsDepartment of The Nasdaq Stock Market LLC (“Nasdaq”) on May 20, 2026.
Containing the Ebola Outbreak in Central Africa | Johns Hopkins Bloomberg School of Public Health
A rare virus with a high fatality rate has infected hundreds and killed at least 80 people. International and local health entities will have to work one case at a time to stop it.
Your Entertainment Escape Ep.72 - Hot Wheels Monster Trucks Live
Fresno and Central Valley news, weather and sports
The game\'s afoot as armchair detectives mark Sherlock Holmes Day
From 221B Baker Street in central London to a cliffside waterfall in the Swiss Alps, generations of armchair detectives are celebrating International Sherlock Holmes Day. Fans on Friday honored Sir
Is Dodger Stadium the Best Park in Baseball? - Sports Central Showdown (ft. Jim Hill)
Kyle Roberts appointed as K-12 supervisor of physical education, health and athletics - Bethlehem Central School District
At its meeting on May 20, the Bethlehem Central Board of Education appointed Kyle Roberts as the district’s supervisor of physical education, health and athletics. In the new role, Roberts will oversee all K-12 instruction in physical education and health education across all seven schools. He will also supervise intramurals and modified-level athletics and will … Continue reading "Kyle Roberts appointed as K-12 supervisor of physical education, health and athletics"
‘The government has made counternarcotics a central priority’
Opinion, comment and editorials of the day
The Steam Team Wins Austin Business Journal Family Business Award, Marks 43 Years Serving Central Texas
AUSTIN, Texas, May 21, 2026 (GLOBE NEWSWIRE) -- The Steam Team has been named a recipient of the Austin Business Journal Family Business Award, ...
New sports complex coming to San Luis Obispo
A new nonprofit sports complex is coming to the Central Coast. Former A's pitcher Tim Kubinski co-founded the Klubhouse Sports Complex in San Luis Obispo.
Google Advances AI for Science with New Tools and Tech
Google is launching a series of new tools to help scientists leverage AI technology as a force multiplier to accelerate the pursuit of scientific knowledge and discovery. In addition to the collection of tools under the Gemini for Science banner, it is also launching Science Skills, which centralizes data from more than 30 life science […]
Owner locks robbery suspect in Downtown El Paso business; he slips out before police arrive
A 57-year-old Central El Paso man has been arrested in connection with an aggravated robbery reported earlier this month at a business in Downtown El Paso.El Pa
Crush Yard combines pickleball, food, and entertainment in Central Florida
Discover Crush Yard, the ultimate indoor eatertainment venue in Central Florida. Enjoy pickleball, food, drinks, and entertainment all in one place.
American Bison Survived Extinction. Can They Survive Politics?
Trump’s latest public lands fight targets creatures central to Indigenous culture and American ecology and history.
More opportunities on deck for underrepresented youth, adults through new Life Science Career Program
PAWTUCKET – This fall, The Rhode Island Life Science Hub (RILSH), in partnership with The Pawtucket Foundation, will launch a Life Sciences Career Awareness Program (LSCAP) in Pawtucket, Central Falls,
Spring sports scores and highlights: May 19, 2026
Highlights feature the baseball and softball games between Turner Ashby at Spotswood and Strasburg at Central
Registration for FREE Youth Summer Sports in Brooklyn open | Brooklyn Bridge Parents - News, Events and Family Services
Registration for City Parks Foundation's free summer sports programs is open. Children ages 6 to17 can participate in tennis, soccer, track & field, multi-sport programming and golf from July through August. City Parks Foundation's sports programs offer recreation and enrichment over the summer months. Locations in Brooklyn include Bushwick Playground, Fort Greene Park, McCarren Park in
Central District Health announces new director, Kristin Ryan
The Central District Health (CDH) Board announced that Kristin Ryan was chosen as the agency's new director.CDH says Ryan most recently worked at the City of Bo
Environmental Science Classes Earn Eco-Educator Award — Central Catholic High School
Central Catholic’s AP Environmental Science classes recently earned the Eco-Educator Award from the S.A.V.E. (Science Alliance for Valuing the Environment) Foundation. The S.A.V.E. Eco-Educator Award is a regional honor celebrating Toledo-area teachers who exhibit a strong commitment to en
Central's Jacie Reardon embraces chaos of multi-sport spring, enters state among top throwers
Reardon is ranked top-three in the discus, shot put and javelin ahead of this week's state meet.
Defense Health Network Central rolls out ambient listening technology to enhance patient care
Defense Health Network Central providers are using a new tool to streamline clinical documentation and improve patient-provider interactions.
Business listings: See 34 new businesses in Central NY
See a list of business filings in Cayuga, Cortland, Madison, and Onondaga counties.
Mark your calendars: Weekly sports schedule for May 18-23
Take a look through the weekly sports schedule for the Central Coast. Read our coverage online or in print.
Diamondbacks vs. Giants updates. Honoring the late Nicole Hazen
The Arizona Diamondbacks and San Francisco Giants open a three-game series on Monday, May 18, at Chase Field.
Science behind sobriety field tests
Albany High students in Elizabeth Lopatniuk's health classes participated in a dynamic lesson about the effects of alcohol on the body. After taking an in-depth look at the science behind why and how alcohol slows the activities of the brain and central nervous system, students learned about how a variety of factors can impact the level of intoxication and how blood alcohol concentration can impair one's ability to operate a motor vehicle. Albany High Student Resource Officer Nick Schuler led students through an overview of field sobriety tests that are routinely performed during a traffic stop when an officer suspects a driver may be under the influence of alcohol. Officer Schuler explained the three elements of a physical sobriety test, including walking a straight line with turns and checks for motor skill patterns, standing on one foot to check for balance and following a moving stimulus with eyes only to check for Horizontal Gaze Nystagmus (HGN), an involuntary, rhythmic jerking of the eyes as they look to the side. Students volunteered to try walking a straight line both with and without alcohol impairment simulation goggles. Officer Schuler pointed out particular behaviors and patterns that would lead to a failed field sobriety test during the simulation. As prom and graduation festivities approach, we applaud our Albany High staff for empowering our Falcons with valuable lessons so they can make wise and safe choices.
Science behind sobriety field tests
Albany High students in Elizabeth Lopatniuk's health classes participated in a dynamic lesson about the effects of alcohol on the body. After taking an in-depth look at the science behind why and how alcohol slows the activities of the brain and central nervous system, students learned about how a variety of factors can impact the level of intoxication and how blood alcohol concentration can impair one's ability to operate a motor vehicle. Albany High Student Resource Officer Nick Schuler led students through an overview of field sobriety tests that are routinely performed during a traffic stop when an officer suspects a driver may be under the influence of alcohol. Officer Schuler explained the three elements of a physical sobriety test, including walking a straight line with turns and checks for motor skill patterns, standing on one foot to check for balance and following a moving stimulus with eyes only to check for Horizontal Gaze Nystagmus (HGN), an involuntary, rhythmic jerking of the eyes as they look to the side. Students volunteered to try walking a straight line both with and without alcohol impairment simulation goggles. Officer Schuler pointed out particular behaviors and patterns that would lead to a failed field sobriety test during the simulation. As prom and graduation festivities approach, we applaud our Albany High staff for empowering our Falcons with valuable lessons so they can make wise and safe choices.
Heart health screenings deliver lifesaving impact
Penn State Health helps bring heart health care to people who might not otherwise have access by offering free cardiovascular screenings at community organizations and events across central Pennsylvania.
Join us at Arte Américas on June 11 to talk about power in the Central Valley
How can the Central Valley grow its power in California? Join Fresnoland, Zocalo Public Square and local leaders to talk Fresno politics.
Penn State Health unifies psychiatric and behavioral health services to expand access across central Pennsylvania
Penn State Health has consolidated all psychiatric and behavioral health services under a single identity, integrating former Pennsylvania Psychiatric Institute inpatient and outpatient services to…
K-State drops UCF series in regular-season finale
Kansas State baseball dropped its final regular season series at Central Florida, finishing the regular season with an overall record of 28-26 with an 11-19 Big 12 record.
Worsening Nebraska drought could impact tree health amid wildfire concerns
As most of western and central Nebraska faces historic drought, the state’s tree experts are concerned drought could proliferate disease and pest concerns. Dry vegetation and trees also compound wildfire risk.
Colorado GOP plays with fire as primary approaches
Over the next several weeks, the Colorado Republican Party will make consequential decisions that will determine just how relevant it will be in 2026 and beyond. The 600-member Colorado Republican State Central Committee will meet on May 30 to elect a new state chair following the resignation of Brita Horn. The Colorado Republican Primary Election […]
Ebola outbreak in Central Africa declared a ‘Public Health Emergency of International Concern’
The World Health Organization (WHO) has declared the ongoing Ebola outbreak in the Democratic Republic of the Congo (DRC) and Uganda a Public Health Emergency of International Concern, citing rising cases, cross-border spread and significant uncertainties about the scale of the epidemic.
Phoenix Mercury continue homestand, welcome Toronto and Los Angeles
This week, Phoenix continues its four-game homestand with games against the expansion Toronto Tempo May 19, and the Los Angeles Sparks May 21.
WHO declares Ebola outbreak in Central Africa a public health emergency after 80 suspected deaths
The WHO declared the Ebola outbreak in the DRC and Uganda an international public health emergency after dozens of suspected deaths were reported.
Aaron Rodgers returning to Steelers for 2026 season
Aaron Rodgers is returning to the Pittsburgh Steelers for the 2026 season, league sources confirmed to The Athletic, giving the franchise another year with the future Hall of Fame quarterback under center. After months of uncertainty surrounding his future and speculation about retirement, Rodgers and Pittsburgh are set to run it back following a season that delivered both stability and flashes of vintage production. Rodgers arrived in Pittsburgh in 2025 on a one-year deal after a lengthy free-agency process and quickly became a central figure in the Steelers’ offense.
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
🚨 River v Rosario Central line-ups confirmed
What a match in Argentina! River Plate and Rosario Central face off tonight to decide the Professional League semifinal, a clash that comes in red-hot after the refereeing controversy in Canalla’s q...
Royals look to end slide in matchup with the Cardinals
Kansas City Royals (19-26, fifth in the AL Central) vs. St. Louis Cardinals (26-18, third in the NL Central) St. Louis; Saturday, 2:15 p.m. EDT PITCHING PROBABLES: Royals: Noah Cameron (2-2, 5.55 ERA, 1.63 WHIP, 32 strikeouts); Cardinals: Kyle Leahy (4-3, 4.31 ERA, 1.59 WHIP, 32 strikeouts) LINE: Royals -112, Cardinals -106; over/under is 8 1/2 runs BOTTOM LINE: The Kansas City Royals aim to end a five-game slide with a victory over the St. Louis Cardinals. St. Louis has an 11-10 record in home games and a 26-18 record overall.
High school sports results, playoff schedule for Friday, May 15, 2026
FRIDAY’S RESULTS Boys Tennis PIAA CLASS 3A TEAM PLAYOFFS At Hershey Racquet Club Quarterfinals Conestoga 3, Hershey 0 North Allegheny 3, Central...
A look at major Ebola outbreaks and when the disease was first identified
African health officials say there is a new outbreak of the Ebola disease in the Central African country of Congo, with at least 246 suspected cases and 65 deaths
Blood pressure stations make health simple at YMCA of Central Texas
AUSTIN, May 15, 2026 — A former Jump Rope for Heart child is now helping YMCA of Central Texas foster long-term community impact. New YMCA blood pressure stations, installed in collaboration with the American Heart Association, will affect over 50,000...
Custom Medallion Supplier A.T. Designs Celebrates 50 Years in Business
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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
‘There’s science happening all around us’
MARSHALL — As another school year approaching the end, more than 900 area students and participants went on a field trip and made memories at the 2026 Science and Nature Conference on Tuesday at Southwest Minnesota State University, hosted by the Southwest West Central Service Cooperative (SWWC). This was the SWWC’s 32nd annual Science and […]
Fresno podcaster launches sports rep firm, signs UFC contender
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Gaines brings championship pedigree to NCCU women's basketball
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When Businesspeople Run Government, the Government Doesn't Become a Business
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Gunter Named 2025-26 CIAA Sports Information Director of the Year
CHARLOTTE, N.C. - Bowie State University's Tristian "TJ" Gunter has been named the 2025-26 John Holley Sports Information Director of the Year by the Central Intercollegiate Athletic Association (CIAA) during the CIAA Spring Administrators Awards celebration on Tuesday.
Howard Community College Featured in 'State of Business' Address
In his Business Outlook Luncheon remarks at Turf Valley Resort last week, Howard County Executive Calvin Ball outlined how Howard County “stands on business” through five pillars: managing crises, investing in people, backing businesses, making strategic investments, and preparing for the future. Howard Community College appears by name in the pillar that anchors the others: investing in people. Dr. Ball highlighted the $11 million county investment in HCC’s Cathy and Danny Bell Workforce and Trades Center, which will open this fall. He described the facility as a world-class center with state-of-the-art training in key industries, championed by HCC President Dr. Daria J. Willis, and positioned to help Howard County compete with institutions worldwide. He also recognized HCC’s Complete4Success program, supported by a $3.5 million county investment in 2022, as a continuing driver of certifications and degrees that prepare students to enter Howard County’s workforce ready to contribute on day one. Dr. Ball connected HCC’s work to the broader economic moment in the county, including more than 1,580 apprentices now training across Howard County businesses, up from roughly 1,100 in 2018, and the SPARK program that bridges classroom learning to high-demand industries. Each of these efforts depends on the kind of workforce pipeline HCC is built to deliver. Educational Services is one of the top three employment sectors for county residents, alongside Professional, Scientific, & Technical Services and Health Care & Social Assistance. HCC will award 1,263 degrees next week at its annual commencement ceremony, and every year, that output feeds directly into the industries the County Executive named as drivers of Howard County’s growth. The full picture also includes the families who are not yet there. The 2024 ALICE update from United Way of Central Maryland found that 35,346 households in Howard County, 29% of the total, fell below the ALICE Threshold in 2022, meaning they earned more than the Federal Poverty Level but less than the basic cost of living in the county. The Household Survival Budget for a Howard County family of two adults, an infant, and a preschooler reached $118,608 annually, requiring an hourly wage of $59.30 to cover housing, child care, food, transportation, and other essentials. Affluence and economic strain coexist within the same county lines. That gap is the reason higher education and economic development are inseparable. Every certification, associate degree, and apprenticeship credential issued at HCC represents a household closer to crossing the ALICE Threshold and into long-term financial stability. The Bell Center, Complete4Success, Howard P.R.I.D.E., Parent Scholars, and the institution’s transfer-rate gains are significant components of Howard County’s economic mobility infrastructure. HCC is grateful to Dr. Ball for his sustained partnership over nearly eight years of service and for recognizing that this college plays a central role in the economic story Howard County is telling. Standing on business in Howard County means standing alongside the flagship institution that prepares its workforce.
Central European Media Enterprises Joins ACE Anti-Piracy Coalition
Central European Media Enterprises has joined the Alliance for Creativity and Entertainment, the coalition tasked with fighting piracy worldwide. CME is a media and entertainment company operating in ...
These Central Florida eateries were forced to shut down over health violations
Last week, nine more restaurants across Central Florida were forced to close after a visit from a health inspector, according to state records.
Precinct committee races could reshape Kootenai County politics
When Lisa Whitehead was appointed to an open seat on the Kootenai County Republican Central Committee about six years ago, she didn’t know much about the role of a precinct committeeman. But as a staunch conservative, she believed she could help the local arm of the GOP.
What health experts say are the growing issues for families across Central New York
SYRACUSE, N.Y. (WSYR-TV) — Several community health partners and organizations from across Central New York joined together Wednesday at Upstate Medical University to discuss the work they can do t…
Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell
The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy.
Is Accel Entertainment (ACEL) Stock Outpacing Its Consumer Discretionary Peers This Year?
Here is how Accel Entertainment (ACEL) and Central Garden (CENTA) have performed compared to their sector so far this year.
Why a GOP PAC appears to be boosting a Democrat in California’s Central Valley
The mailer calls the candidate a “lifelong Democrat” who is backed by Sen. Bernie Sanders and opposed to President Donald Trump’s policies.
Voices of Cuban political prisoners at the center of U.S.-Cuba talks
Two political prisoners central to ongoing high stakes negotiations between the U.S. and Cuba were given an ultimatum: Leave Cuba or stay in prison.
The great strait stalemate: Who blinks first on Hormuz?
In the darkest days of the Cuban Missile Crisis, President John F. Kennedy privately reflected on the central question before him: Who blinks first? For days, Washington and Moscow sat locked in a test of wills — each side convinced time and pressure favored them, each side wary that backing down could invite greater danger later.
How China Could Wield Its Control of Rare Earths Against Trump
A central question hanging over the summit this week is whether China will agree to extend a temporary postponement of even tougher rare-earth export controls.
Hantavirus outbreak tests Trump officials who criticized covid response
Some top administration health figures had publicly questioned the credibility of the agencies that are now central to explaining a new and uncertain threat.
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Young Entrepreneurs Thrive at Children’s Business Fair
On Saturday, May 2, Downtown Alameda’s Spring Market and the Children’s Business Fair returned, populating Central Avenue with over 70 craft vendors, food, music, and community booths. Vivian Delchamps Wolf shines a spotlight on Alameda's next generation of entrepreneurs and business owners.
LG webOS Transforms Home Entertainment with Effortless Content Discovery and Seamless Viewing Experience
The platform puts the user at the centre, creating a simple and intuitive path to great content LG Electronics' webOS serves as a central entertainment hub,...
Mark your calendars: Weekly sports schedule for May 12-16
Take a look through the weekly sports schedule for the Central Coast. Read our coverage online or in print.
RWJBarnabas Health Opens the Doors to Harvest: A Farm to Community Center
On May 4, RWJBarnabas Health, community partners and public officials celebrated the grand opening of Harvest: A Farm to Community Center. In collaboration with Newark-based farm-to-city social enterprise Urban Agriculture Cooperative, this innovative, first-of-its-kind initiative brings together the power of health care, agriculture, education, and economic development in one strategic centralized location.
NASA’s C-20A Flights Advance Understanding of Earthquake Dynamics
NASA’s C-20A aircraft completed a series of flights on April 29 over Central California to contribute new data to improve the accuracy of the region’s
Science Olympiad winning team
The Wilkesboro Elementary School team took first place in the N.C. Science Olympiad Tournament at Central Wilkes Middle School on April 18, with teams from 11 Wilkes elementary schools and
BioSmile Health in Central Point, OR Announces Launch of New Website Focused on Biological Dentistry and Whole-Health Approach
/PRNewswire/ -- BioSmile Health has announced the launch of its new website, https://www.biosmilehealth.com, designed to provide patients with an educational...
BioSmile Health in Central Point, OR Announces Launch of New Website Focused on Biological Dentistry and Whole-Health Approach
BioSmile Health has announced the launch of its new website, https://www.biosmilehealth.com, designed to provide patients with an educational and streamlined experience focused on the connection between oral health and overall well-being.
Science of reading for all: Proposal would require Denver schools to use research-backed literacy lessons
A policy being considered by the Denver school board would require the district to ensure students with dyslexia are identified early and that all students have access to “high-quality digital apps” to practice reading at home.
Safe, Healthy, and Happy: Practical Tips To Help Kids Who Are Deaf and Hard of Hearing Make the Most of Summer
Swimming, playing outside, and traveling are central parts of the summer experience for many children. For families with children who are deaf and hard of hearing, taking some additional precautions can help kids stay safe without sacrificing any of the fun.
DHA-GEIS strengthens biosurveillance, force health protection during African Lion 26
AGADIR, Morocco — A coalition of U.S. military and research organizations deliver integrated biosurveillance support, strengthening commanders’ situational awareness and directly bolstering mission readiness during African Lion 26, April 20-May 8, 2026. The Defense Health Agency’s Global Emerging Infections Surveillance program coordinated subject matter experts and laboratory partners from Walter Reed Army Institute of Research‑Africa; Naval Medical Research Unit, Navy Region Europe, Africa, Central; the 1st Global Field Medical Laboratory; and the U.S. Army Medical Research Institute of Infectious Diseases. Together they provided pre‑exercise risk assessments, rapid laboratory analysis and real‑time reporting that commanders and medical planners used to protect forces.
Oregon Democrats found a way to improve roads. Now their gas tax goes before voters as prices soar
A referendum on Oregon’s primary ballot seeking to repeal a Democratic gas tax increase is complicating the affordability message central to the party’s midterm election strategy
Oregon Democrats found a way to improve roads. Now their gas tax goes before voters as prices soar
A referendum on Oregon's primary ballot seeking to repeal a Democratic gas tax increase is complicating the affordability message central to the party's midterm election strategy.
📸 Top 5 tifos at Camp Nou for El Clásico
El Clásico is as much a cultural battle as it is a sporting showdown. And in this psychological war between FC Barcelona and Real Madrid, the Camp Nou tifos have often played a central role. Some hav...
Premier MHSAA football recruit trades lacrosse for track
Novi Detroit Catholic Central junior Gideon Gash traded lacrosse for track to help focus on his football recruitment.
Real Madrid make contact with agent of Manchester City defender
Real Madrid are in the market for a new central defender, with that being one of their priorities for the summer transfer window. The expected departure of David Alaba, coupled with the possible one o...
Analysis: Visitors miss Casemiro
Casemiro has received a huge amount of praise for his performances this season. Manchester United's fans have taken to chanting "one more year" in the hope the Brazilian would extend his stay at Old Trafford. United have made strengthening central midfield a number one priority in the summer and this performance emphasised why.
Turlock's Science Olympians
The Walnut Elementary Green Science Olympiad team took third place at the 28th annual event, sponsored by the Stanislaus County Office of Education and held at the Turlock school site. Hickman Charter took first place and Fremont Open Plan took home second.
High school sports results, playoff schedule for Friday, May 8, 2026
FRIDAY’S RESULTS Baseball NON-SECTION Albert Gallatin 6, Beth-Center 1 Bethel Park 11, Central Mountain 1 (6) Eden Christian 5, North Catholic 0 Peters...
Central Ohio businesses prepare for Mother’s Day rush as spending expected to hit record high
WA filing closes, U.S. House battleground and GOP test emerge
The candidate filing period closed Friday, launching the 2026 midterm cycle with a House battleground and a GOP open-seat test in Central Washington.
Kelly Garcia Graduates From University Of Central Oklahoma With Bachelor Of Science Degree In Funeral Service
Kelly Garcia/Courtesy photo UCO NEWS RELEASE Los Alamos resident Kelly Garcia graduated from the University of Central Oklahoma (UCO) with a Bachelor of Science degree in Funeral Service as a part …
How to Manage Accounting for Multiple Companies
Multi-entity accounting involves maintaining distinct boundaries while still being able to centralize the data. ERP systems like Intuit Enterprise Suite can help.
Central MN SBDC receives $5,000 grant from Midwest Business Finance Corporation
The Central Minnesota Small Business Development Center (SBDC), hosted by the Herberger Business School at St. Cloud State University, has been awarded a $5,000 grant from Midwest Business Finance Corporation (MBFC). In 2025 alone, the Central MN SBDC served 392 clients, including 228 who were brand new to the SBDC — all receiving free, high-quality business consulting and technical assistance. From [...]