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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
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Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
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Why Some People Are Allergic to ‘Peanut Butter Raises’
The beloved spread has become a metaphor for things that are less than delicious.
Defiant Dubois sheds quitter tag to write new narrative
Daniel Dubois faced questions over his heart and mentality before facing Fabio Wardley, but silenced his critics by overcoming adversity to become WBO heavyweight champion.
Wardley vs Dubois: How new heavyweight champion silenced his critics
Daniel Dubois faced questions over his heart and mentality before facing Fabio Wardley, but silenced his critics by overcoming adversity to become WBO heavyweight champion.
Lincoln University share progress on new Health & Security Insitute
After nearly two years of construction, Lincoln University's new Health and Security Institute is almost complete.The institute will become a community hub for
Khamzat Chimaev vs. Sean Strickland full fight video highlights
Sean Strickland wins close call to become UFC champion again
Steam Drops 2 Free Games You Have 24 Hours To Grab
Steam has become a great place to go for free games, and this weekend has been no exception, with 24 hours left on the offers.
Science Hill graduate Nate Conner continues to lead for ETSU Baseball
The ETSU Baseball team is filled with stars. And with only a few regular-season games remaining, Science Hill graduate Nate Conner has become one of the leaders
Impact of Social Media Use on Mental Health, Academic Performance, and Procrastination Among Medical College Students in Aruba
Background Social media platforms (SMPs) have become an integral part of students' lives, influencing learning behaviors, time management, and mental well-being. However, there is limited evi...
Could Dominic Lovett Become the Lions’ Next Surprise Weapon?
The Detroit Lions already boast one of the NFL’s most explosive offenses, but every great unit eventually needs an unexpected contributor to emerge. Heading into 2026, Dominic Lovett may be quietly positioning himself to become Detroit’s next surprise weapon out of the slot.
Opinion: San Diego’s hidden health crisis is floating in the air
Cross-border challenges are complex. They require coordination, diplomacy and sustained funding. But complexity cannot become an excuse for inaction.
The Best Turn-Based Strategy Games To Play If You Love XCOM and XCOM 2
The 2012 remake of the titular XCOM: Enemy Unknown is now seen by the games industry as the moment turn-based strategy was not only revived, but got up, started running, and has never stopped since. In fact, looking at the up-and-coming strategy games releasing in 2026, it doesn't seem like it's going to be slowing down any time soon, with Star Wars: Zero Company shaping up nicely to become the big-hitter in the genre. So, to quench our thirst while we wait for its release, I have compiled the best turn-based strategy games to play if you love XCOM!
19 breathtaking images from the Milky Way Photographer of the Year 2026 awards
'Milky Way photography goes beyond capturing the stars. It becomes a way to explore remote environments, challenge physical limits, and reconnect with both nature and history.'
Former Olympia skil hill, chalet to become The Social
Discover the exciting transformation of the former Olympia Ski Hill into The Social, a regional destination for entertainment, dining, and more.
Nebraska’s ‘blue dot’ becomes the center of a closely watched Democratic primary fight
Omaha may be a blue dot in a sea of Nebraska red, but that point of political pride has sparked a bitter divide among Democrats in one of the nation’s most closely watched congressional races.
Computer science graduate wants to become a professor
Josiah Tripp, a recent UT Martin summa cum laude graduate, wants to become a computer science professor.
French bulldogs top U.S. popularity list, but vet warns of serious health risks
French bulldogs have surged to become the most popular dog breed in the U.S., winning over owners with their small size and distinctive looks.But veterinarians
California to provide hundreds of free diapers to all newborns
California will become the first state in the nation to provide free diapers to all newborns.
Quid pro no-no: When campaign contributions become a crime
When prosecutors criminalize politics, democracy becomes the defendant.
New obesity discovery rewrites decades of fat science
Scientists have uncovered a surprising secret hidden inside fat cells that could reshape how we think about obesity and metabolic disease. A protein called HSL, long believed to simply release stored fat when the body needs energy, turns out to have a second job deep inside the nucleus of fat cells—helping keep those cells healthy and balanced. Even more surprising, people and mice missing this protein don’t become obese as expected; instead, they lose fat tissue in a dangerous condition called lipodystrophy.
Frederic Massara auditioned to become Marseille’s new sporting director
Frederic Massara is reported to have been interviewed by Mehdi Benatia for the role of Olympique de Marseille’s next sporting director, according to Foot Mercato.Currently in charge at AS Roma, the ...
When patient care becomes community care
Online MPH student Misty Youngbear is using public health to strengthen community health in the Pyramid Lake Paiute Tribe.
CIOs are now orchestrators of AI business value
AI has prompted tech leaders to become strategic architects driving value from the technology across the enterprise, according to Marriott’s and Jabil’s CIOs.
Exclusive: Inmates describe being punished for speaking out about Ghislaine Maxwell
Julie Howell did not know what she was getting into last year when she was asked about a new inmate who had arrived at her prison – or that she was about to become an unwitting supporting character in the ongoing drama around convicted sex offender Jeffrey Epstein.
Gmail adds AI Inbox to the bottom bar as Help me write becomes more personal
After its introduction on the web, AI Inbox is coming to Gmail for Android and iOS. In the navigation drawer, “AI Inbox” appears below...
Israel support becomes political fault line in both parties
Support for Israel has long been considered a cornerstone of American foreign policy.
How Disneyland Remade American Politics
America is turning 250, and The Free Press is marking the occasion with a yearlong series of events, conversations, and stories celebrating our country’s history. Today, we’re taking a journey with historian Beverly Gage to Southern California. Beverly traded the archives for the open road for her new book, This Land is Your Land: A Road Trip Through U.S. History. We’re proud to publish an excerpt, on the theme park that shaped American politics—and the presidents who loved it. —The Editors On July 17, 1955, Ronald Reagan stood near a mocked-up wood-plank town in Anaheim, California, where a 13-star flag flew incongruously over an “Old West” landscape, and introduced the world to Disneyland. He had been invited by Walt Disney himself to co-host the park’s live ABC broadcast, alongside Art Linkletter and Bob Cummings—three Hollywood actors who seemed to embody a wholesome, all-American ethos. From the imagined past of Frontierland, the show leaped ahead to Tomorrowland, set in the far-off year of 1986, emphasizing the technical marvels yet to come: nuclear energy harnessed for civilian purposes, human beings riding rocket ships into space. Disney foretold great things for a 1980s in which the United States would serve as “a source of joy and inspiration to all the world.” But even he could not predict the most important political fact of the age: that his genial co-host would become president. Southern California was a strange place to build a park about the past, because the region at the time was all about newness and abundance and growth. For a lot of its history, Orange County had been Southern California’s version of flyover country: a vast agricultural expanse between two desirable places, Los Angeles and San Diego. But Disneyland was changing that. Before long, 50 miles south of deep-blue Hollywood, Orange County would become a region famed for its right-wing politics—but also for its mythmaking skills. Those two things, it turned out, went naturally together. ADVERTISEMENT The two presidents Southern California gave America both understood this instinctively. Richard Nixon and Reagan each built a national career on invoking a version of the American past in which the specificities of historical context mattered less than the big picture. For Nixon, progress meant proclaiming a “New American Revolution” on the eve of America’s bicentennial while dismantling the federal programs that had built the postwar middle class. For Reagan, it meant recapturing a lost optimism and an old-fashioned faith in America as an exceptional nation. Both men were less interested in history as it actually happened than in history as it felt—and Orange County, a place that had built itself almost entirely from scratch, turned out to be exactly where the myth of America’s future was getting made. I’m a historian—and historians tend to be myth-busters. With the country’s 250th birthday on the horizon, I figured it was a good time to step out of the ivory tower and check in with the past as it exists here and now, at the museums and monuments and roadside attractions where Americans go to learn about their history. After all my travels—to Davy Crockett’s Tennessee and Texas, to the real Erie Canal, to the birthplace of the American automobile and the actual Old West—I couldn’t miss out on Disneyland, the single most influential historic attraction in U.S. history.
How Kamala Harris is threading the needle on the DNC autopsy saga: From the Politics Desk
Plus, Tennessee is set to become the ninth state to enact a new congressional map since last year.
David Attenborough Has Inspired Countless Scientists. To Mark His 100th Birthday, Here Are Ten Living Things They've Named After Him
Researchers around the planet grew up watching documentaries hosted by the English broadcaster and naturalist, which sparked their love of the natural world. Now, their discoveries become tributes to his legacy
Apple Notes is a killer app, and iOS 27’s rumored upgrade excites me for more
Apple Notes is one of my most-used apps, and iOS 27 is rumored to add a powerful capability that I know will quickly become a go-to feature.
Nature’s giant vacuum cleaner: Scientists reveal how the Sun is secretly cleaning Earth’s space junk
Science News: As Earth’s orbit becomes increasingly crowded with decommissioned satellites and fragments from the 1960s, however, researchers have identified a natu.
Tampa City Council re-elects Alan Clendenin as Chair, signaling stability after last year’s fiasco
Despite the political drama surrounding his initial rise to the position, Clendenin has become a lynchpin for the Tampa City Council.
‘Dream becomes real’: FAMU business school gets $300K for scholarships
FAMU's\u00a0spring commencement\u00a0speakers\u00a0did\u00a0more than address graduating students – they also\u00a0made six-figure donations\u00a0to one of its flagship schools.
What healthcare AI cannot be allowed to become, according to one CIO
If the most powerful technology of the era simply squeezes margin from a system that already prioritizes throughput over healing, that's not innovation, says Dr. Ash Goel – it's automating the dysfunction.
NASA’s Prithvi Becomes First AI Geospatial Foundation Model In Orbit
A team of researchers demonstrated NASA and IBM’s open-source Prithvi Geospatial artificial intelligence foundation model aboard two in-orbit platforms.
What Iran’s absence from the Venice Biennale reveals about art and politics
Rather than existing outside politics, the Venice Biennale has become a site where geopolitical tensions are actively staged and contested.
What Makes the Best Business School? Darden Leaders Weigh In
Four deans. One question. At a moment of change for business education, leaders from across Darden’s recent history explore what it would take to become the best business school in the world — and why the answer may never be fixed.
Senate GOP fears $1B for White House ballroom represents political landmine
A Republican proposal to spend $1 billion in taxpayer money on security for the White House ballroom has become a political landmine in the Senate debate over funding Immigration and Customs Enforc…
Former Southwest Philly refinery site will become home to nuclear life science facility
The company plans to manufacture a rare, radioactive isotope for use in cancer treatment trials starting in 2029.
Sports Spotlight: Addie Dale-Geiger
Addie Dale-Geiger has earned all-state honors every year beginning in eighth grade. If that trend continues, she will become the first Class B player to ever be named to the All-State team in five straight seasons.
SpaceX is starting to move on from the world's most successful rocket
Vandenberg Space Force Base in California is set to become SpaceX's busiest launch site—for now.
Entertainment Highlights: What Doth Life becomes a nonprofit
What Doth Life, a Windsor-based music cooperative, gains nonprofit status, enabling them to support local bands and produce more shows.
A Landslide in Alaska Set Off a Tsunami. There May Be More to Come.
Scientists say as glaciers retreat in a warming climate, landslide-generated tsunamis are likely to become more frequent.
Singapore Defers Considering Political Pay Review on Iran War
Singapore will postpone considering an independent panel’s recommendations on the salaries of political office holders until the economic impact of the Iran war becomes clearer, a government minister said.
Apple may have just made one of the most important new Siri announcements
Apple’s painfully slow launch of the new Siri has become such a long-running saga, it seems to have all the...
Military Vets Finally Have a Launchpad for Their Business Dreams in SA
San Antonio is about to become the first city in the country to offer veterans — and their families — a direct path to owning their own business. District 9 Councilwoman Misty Spears is behind a new Small Business Accelerator Program that connects vets with mentors, funding resources, and even a pitch competition — and it's already gotten the green light from the city. Army veteran Melanie McCoy knows firsthand how lonely and confusing starting a business can be without support. Now she's helping lead the charge with a new non-profit called Supply SA, designed so no vet has to figure it out alone. With 75% of San Antonio's economy powered by small businesses, this program could be a game-changer for the whole city. #VeteranOwned #SmallBusinessSA #SanAntonio #MilitaryEntrepreneur #VetBiz
HBS Launches Major New Podcast on Founder Decision-Making, Featuring Reese Witherspoon As First Guest
HBS announces the launch of The Founder Mindset with Reza Satchu, a new podcast examining what it actually takes to become a founder—not in hindsight, but in the moments before outcomes are known.
How to Secure Data in a Growing Business
Data security is important for businesses of all sizes, but as businesses grow it becomes more important to develop clear security SOPs.
Grit & Wisdom: Hard work pays off
Huong Luu didn’t expect to become a small business owner, and she had to hit the ground running to keep her business running. As one of this year’s Grit & Wisdom award winners, she explains how staying grounded in her community helped her build something she can be proud of. To learn more from Huong and the rest of this year's Grit & Wisdom winners, visit ADP.com/GritAndWisdom
Austin music leaders rethink the idea of 'selling out' as business support becomes a necessity
Once considered evil, panelists agreed corporate support might be one of the best ways to protect the artists and venues that make Austin unique.
Atrium Health, WakeMed propose to merge
WakeMed would become part of Advocate Health, Atrium’s parent company. The deal has sparked concern from local lawmakers, who worry it could raise healthcare prices in North Carolina’s most populous county.
What to watch in CNN’s California governor debate
The top seven contenders in a crowded and highly competitive race to become California’s next governor will face off in a CNN debate Tuesday at 6 p.m. PT (9 p.m. ET). The debate, moderated by CNN anchors Kaitlan Collins and Elex Michaelson, comes at a pivotal time, with the first mail ballots currently being delivered to voters in the June 2 primary.
U.S. Embassy Supports Tunisian Business Delegation at 2026 SelectUSA Investment Summit - U.S. Embassy in Tunisia
U.S. EMBASSY SUPPORTS TUNISIAN BUSINESS DELEGATION AT 2026 SELECTUSA INVESTMENT SUMMIT The SelectUSA Investment Summit is the premier U.S. investment event, connecting thousands of investors, companies, economic development organizations, and industry experts to make deals happen. Media Note TUNIS, May 5, 2026 – U.S. Embassy Tunis is pleased to support a delegation of 11 Tunisian companies traveling to the United States to participate in the 2026 SelectUSA Investment Summit at National Harbor, Maryland, May 3-6, 2026. The Summit is an opportunity for these dynamic entrepreneurs to establish new connections and explore business and investment opportunities in the United States. This year, three Tunisian women entrepreneurs and members of the delegation representing Spiraw and Sotetel were accepted into the Select Global Women in Tech year-long mentoring program which will kick off at the summit. Since 2022, more than 50 Tunisian entrepreneurs in fields ranging from e-gaming, robotics, software engineering, coding, online fashion, and green tech have participated in SelectUSA Investment Summits, where they have taken their businesses to the next level. Hosted by the U.S. Department of Commerce, the SelectUSA Investment Summit is a one-stop shop for companies considering expanding to the United States and provides economic development organizations (EDOs) with the opportunity to meet directly with international companies to facilitate investment deals. Since inception, the SelectUSA Investment Summit has attracted tens of thousands of companies and economic development representatives, generating over $250 billion in new investment projects that support more than 125,000 jobs across the United States and its territories. The previous SelectUSA Investment Summit saw record-breaking numbers with more than 5,500 participants, including EDOs from 54 U.S. states and territories and over 2,700 business investors from 100+ countries, including Tunisia. The following Tunisian businesses will take part in this year’s SelectUSA delegation: AquaDeep – Revolutionizes aquaculture with AI-powered monitoring solutions, including a real-time larva counting system and a SaaS platform for environmental monitoring. The company is expanding operations across Tunisia, Europe, Africa, and the United States. Bouraoui Group – Specializes in event venues, hospitality experiences, innovative real estate development, and technology driven customer solutions. The business develops experience- focused and tech enabled lifestyle destinations that combine entertainment, culture, retail, and smart services, and is seeking international partners to co-develop hospitality, PropTech, smart retail, and experiential digital projects. Digital Cook – Builds HR and recruitment software solutions, including HRMS, ATS, and custom tools that streamline hiring, employee management, and talent development. It provides custom software, system integration, and scalable HR platforms for SMEs, large enterprises, and recruitment agencies seeking efficient, user-friendly ways to manage their workforce and improve recruitment. El Kanaouet – Provides high-quality and low-cost hydraulic infrastructure for the supply and distribution of drinking water. The company manufactures prestressed concrete structures based on current technological developments in the field and trends in integrated and digitalized management. El Kanaouet aims to enter the U.S. market with its production of centrifugal prestressed concrete pipes and other technical products and services. Fluoink Nanotechnologies – A deep‑tech startup developing next‑generation antimicrobial additives for paints, coatings, and industrial materials, enabling everyday surfaces to act as long‑lasting barriers against harmful bacteria and pathogens without changing their appearance or performance. Mare Custos – A subsea robotics company specializing in ROV-based underwater inspection services for offshore energy, ports, and marine infrastructure, using high-precision imaging, PAUT, and NDT to inspect structures in challenging conditions. SmartMed SA – A fast-growing digital health company operating in Tunisia, Algeria, and Morocco, offering an integrated ecosystem that helps patients book appointments (MedPro), enables clinics to digitize workflows and EMRs (MedLink), and supports targeted digital marketing for healthcare and pharma (MedAds). With millions of appointments and users, SmartMed has become a leading e-health platform in North Africa. Sototel – Builds telecommunications networks and services, including fixed, radio, and mobile networks. Sototel focuses on technological innovation and continuous improvement, providing high-value-added digital solutions. SOTUPRIN HGE – Specializes in manufacturing household electrical appliances under the brand HGE and OEM. Expanded from the local market to North Africa, Central Africa, the Middle East, and Europe. Spiraw by Food4Future – Designs and manufactures smart, AI-powered cultivation systems allowing individuals and businesses to grow fresh, highly nutritious food – starting with spirulina – directly at the point of consumption. Combining patented hardware, controlled-environment agriculture, and a connected app with an AI assistant, Spiraw aims to decentralize food production and create a new category at the intersection of agri-tech, consumer health, and smart home ecosystems. WaterSec (Istidama) – A climate-tech startup that uses IoT, AI, and smart sensors to help high consumption facilities (such as industries, hotels, and commercial buildings) monitor water use in real time, detect leaks, and optimize consumption. The company’s digital platform turns raw water data into alerts and actionable insights, making water management more transparent, proactive, and sustainable. Learn more about the SelectUSA Investment Summit at https://www.selectusasummit.us/. Follow live developments from the summit on X at https://x.com/SelectUSA.
German firms abroad grow more pessimistic as Iran war disrupts supply chains
German firms operating abroad have become more pessimistic about their prospects, with nearly one in three expecting economic conditions to worsen as the Iran war exposes vulnerabilities in global supply chains, a survey showed on Tuesday.
Missouri budget earmarks fight becomes part of St. Louis County political battle
Two small community agencies with personal ties to state Sen. Angela Mosley face questions about their Missouri budget earmarks.
Jets Celebrate as Girls Flag Football Becomes a Sanctioned Sport in New Jersey
Chairman Woody Johnson: ‘To See New Jersey Embrace Girls Flag Football Is Truly Rewarding’
Business Leaders Recast Insurance as Strategic Resilience Tool, Not Just a Cost
A global survey of C-suite leaders found that 87% expect commercial insurance to become increasingly strategic over the next three years, according to a report from the Worldwide Broker Network and MarshBerry.
Rising sports streaming and ticket prices impact DePaul students and faculty
The price of watching sports has become an increasingly frequent complaint from fans. Between the rising fees of streaming services and the small fortune that tickets now cost, many fans have had to cut back on watching games, according to a survey of 3,500 by Deloitte, published in March 2026. At DePaul, students and professors...