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Trump says Graham’s sister should be appointed to his seat
President Trump says he recommended to South Carolina’s governor that Sen. Lindsey Graham’s sister be appointed to serve in the late lawmaker’s seat after he suddenly died over the weekend.
AI is a business tool, not a threat to business
Kaye Whitener explains how AI can strengthen the flooring industry by supporting skilled professionals, not replacing them.
The State of Politics: How Evers ‘Fixed the Damn Roads’
He got help from Republican legislators and federal pandemic funding.
What Delawareans should know about this diarrhea-causing parasite
Cyclosporiasis cases are rising across the U.S. Here's what Delawareans should know about the illness and how to help prevent infection.
Nikola Jokic Gives Update Every Nuggets Fans Needed Amid Contract Talks
Jokic says he's staying in Denver, and he explained exactly why he's willing to wait one more summer to make it official.
Edie Stewart new CEO at Forward Arkansas
Forward Arkansas announced Tuesday (July 9) Edie Stewart as its new CEO, effective August 3. Stewart brings more than three decades of experience spanning education, workforce development and the nonprofit...
Justice Department reaches another settlement with Trump adviser Michael Flynn
Former Trump adviser Michael Flynn has reached another settlement with the Justice Department — this time for over $38,000 in retirement funds the Army had withheld from the former general after officials found he earned money from speaking at an event tied to the Russian government in 2015.
Jennifer Hudson & Patti LaBelle Lead MLB All-Star Game Entertainment
Jennifer Hudson, Patti LaBelle and Boyz II Men will lead the 2026 MLB All-Star Game's pre-game entertainment.
A rare blue whale skeleton is coming to OSU's marine science center
A rare blue whale skeleton found near Gold Beach in 2015 will soon go on display at Oregon State University’s Hatfield Marine Science Center after a decade-long preservation effort.
Molasky Family Gift Names Lee Business School's Department of Economics and Real Estate
UNLV’s first named academic department honors the Molasky family’s decades-long connection to the university; reflects investment in students, faculty, and region's future.
Prison health care lacks oversight, despite dedicated DE review board
A report analyzing the work of a state board tasked with monitoring the quality of health care in state prisons concluded the board isn't working.
'Cautiously optimistic': Swing voters describe their view of America at 250
As America turns 250, voters from our Swing Shift project talk about the state of the country. Their views ranged from "uncertain" and "concerned" to "excited" and "cautiously optimistic."
Lidstrom: Red Wings Expect Arvidsson to Play in Top Six
The post Lidstrom: Red Wings Expect Arvidsson to Play in Top Six appeared first on Detroit Hockey Now. For the first time since 2015, the Detroit Red Wings didn’t select a Swede in the NHL Entry Draft. They […] The post Lidstrom: Red Wings Expect Arvidsson to Play in Top Six appeared first on Detroit Hockey Now.
Atrium Health settles online portal lawsuit for $1.8 million; patients eligible for payouts
It involves patients who had a MyAtriumHealth or MyCarolinas account at any time between Jan. 1, 2015, and April 10, 2024.
Cavalli and Contreras get 7-game bans after Nationals-Red Sox fight
Washington Nationals pitcher Cade Cavalli and Boston Red Sox first baseman Willson Contreras were each issued seven-game suspensions by Major League Baseball for their role in a benches-clearing fight between the two teams.
Oregon merges psychedelic mushroom, medical marijuana regulators, proposes fee hike
The Oregon Health Authority is making administrative and personnel changes to its psychedelic mushroom and marijuana services, citing “budget shortfalls.”
Atrium Health settles online portal lawsuit for $1.8 million; patients eligible for payouts
It involves patients who had a MyAtriumHealth or MyCarolinas account at any time between Jan. 1, 2015, and April 10, 2024.
Arkansas business conditions index rises in June
The broad Creighton University Mid-America Business Conditions Index ticked higher in June despite a rising number of manufacturing job losses, higher prices, and negative impacts from Trump Administration tariff policies....
More than 150 people in 7 Michigan counties sickened by parasite
Michigan health leaders say they're investigating the source of an outbreak of a gastrointestinal illness that's sickened 150 people in 7 counties.
State health officials investigate Novi death, illnesses after dialysis
Police say no evidence of foul play in death, sicknesses following dialysis at DaVita.
Merck KGaA to buy Bio-Techne for $11.3bn in life science footprint expansion
The deal is Merck’s largest since 2015, when it spent $17bn on acquiring Sigma-Aldrich, also a life sciences specialist.
AMC Entertainment Holdings, Inc. Announces Closing of $200 Million Registered Direct Offering of Common Stock
LEAWOOD, Kan., June 25, 2026--AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or "the Company"), announced today that it closed its previously announced registered direct offering of an aggregate of 95,250,000 shares of AMC common stock for gross proceeds of approximately $200 million (the "Offering"), before deducting agent fees and offering expenses.
Office of Naval Research rolls out new science and technology strategy
The office also wants closer ties to industry and troops to get new equipment to the field faster.
Comedian Carlos Mencia arrested on 12 tax-related felony charges in Los Angeles
'Mind of Mencia' star Carlos Mencia is accused of being 'one of California's biggest tax scofflaws,' after allegedly failing to report over $8 million in income.
Football: 2027 4-star CB Daniel Yebit commits to TCU
The Horned Frogs nab their first four-star prospect of the cycle.
Fox News Poll: Voters doubt new agreement will stop Iran from developing nukes
Fox News poll finds 64% of voters doubt a peace deal will keep Iran from developing nuclear weapons, matching skepticism levels from the 2015 deal.
On Iran, Trump is committing the cardinal sin from the ‘Art of the Deal’
Toward the end of the Obama administration’s negotiations over its Iran nuclear deal in 2015, then-presidential candidate Donald Trump chimed in with some advice from his book, “The Art of the Deal.”
Healthcare costs are crushing Michigan families; voters are paying attention
Rising healthcare costs are crushing families and will be a deciding factor for Michigan voters in 2026.
California Business Groups Oppose Reckless Billionaires’ Tax
or Immediate Release Contact: John Myers john.myers@calchamber.com | press@calchamber.com (June 16, 2026) Sacramento, CA – The California Chamber of
Fowling Warehouse to close Hamtramck venue this month
Located on the Hamtramck-Detroit border, the 34,000-square-foot Fowling Warehouse opened in 2014.
CalChamber Recognizes Outstanding Local Chambers, Small Businesses
For Immediate Release press@calchamber.com (June 15, 2026) Sacramento, CA — The California Chamber of Commerce has acknowledged outstanding advocacy of
El Niño Is Here And Scientists Say This One Could Become A “Godzilla” Event
The Pacific warning has become an active global climate event.
Muse Entertainment Expands in Unscripted Series Adaptations
'The Kennedys' miniseries producer has inked a first-look deal with The Walrus for potential documentary projects to be shopped in the Canadian Rockies this week.
MBA Roundup: Harvard Business School Names 2026 Rock Venture Catalyst Cohort
Harvard Business School announces the 61 students who are building their startups at the Rock Center this summer.
UFC Freedom 250 Live Results
The octagon is on the South Lawn of The White House for tonight's UFC Freedom 250 event. The fight is headlined by a lightweight title unification bout between champion Ilia Topuria and interim titleholder Justin Gaethje. In the co-main event, former two-division titleholder ...
Former CFTC Chair Gary Gensler on regulating sports betting: Let the states do it
Gary Gensler, former CFTC chairman under President Obama and former SEC chairman under President Biden, joins 'Squawk Box' to discuss why he's filing an amicus brief arguing Congress did not intent to make the CFTC the nationwide regulator of sports betting when it passed the Dodd-Frank Act in 2010, regulating sports betting, his thoughts on prediction markets, insider trading concerns, and more.
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
Offensive Line Health in the NFL 2015 to 2025
This will have a lot of data, so if you don’t want to look at and think about numbers, just skip to the conclusions at the end. For those who are unaware, the only positions that play ever offensive snap (by design) are the OL and the QB. So in an ideal situation, all five […]
College of Business grad’s investment prowess leads to prestigious summer program at Harvard
Most undergraduate students do not manage $6.2 million in assets, but Dola Popoola is not most students. While completing her double major in finance and marketing, the Oregon State University Presidential Scholar and soon-to-be College of Business graduate also served as president of the Oregon State Investment Group, one of the top 25 student-managed investment funds in the nation. That experience helped cement her love of finance and taught her what it takes to be successful in the industry, she said.
tvOS 27 Drops Support for Two Apple TV Models
The upcoming tvOS 27 update that was previewed today drops support for two Apple TV models. The two Apple TV models that are compatible with tvOS 26 but not tvOS 27 are the Apple TV HD from 2015 and the Apple TV 4K (1st generation) from 2017. tvOS 27 is compatible with the Apple TV 4K (2nd generation) and newer, according to Apple's documentation. tvOS 27 features a redesigned Podcasts app, smoother app launches and animations, support for larger text across the interface, and more.
Lawton health expo offers free screenings and services
The Healthy You Free Health Expo wrapped up at Great Plains Coliseum on Southwest Sheridan Road.
South Florida businesses question whether FIFA's economic boost estimate for the World Cup will become reality
FIFA estimates the seven games played in the area could generate $1.3 billion in economic activity.
Haslam College Of Business To Receive Bulk Of The Largest Gift In U Of Tennessee History
Cleveland Browns owners give back to Knoxville in a big way, with $100M going directly to the B-school that bears their name.
The Business School At The Intersection Of AI & China
P&Q's exclusive interview with HKUST Business School's new dean, a Belgian psychologist who has led schools on 3 continents.
Healthy mom nearly died after dismissing sepsis symptoms as the flu
In 2015, Audrey Wiggins was a healthy 31-year-old when she thought she’d come down with the flu. Instead, her condition spiraled into a severe case of sepsis that left her in the ICU for 10 days, including five days in a medically induced coma.
Mental Health Courts Offer People Facing Prison an Imperfect Alternative
Hundreds of U.S. courts offer treatment over prison for some defendants with mental illness. But critics say mental health courts have outpaced research on their effectiveness.
Smack-Talking Rousey ‘Doesn’t Want’ Holm Rematch
It’s been over a decade since the high kick heard ‘round the world. In November 2015, Holly Holm picked apart and knocked out the previously undefeated Ronda Rousey, shaking up the sport in a shocking way. The two would never rematch, however, as Holm lost her title (in the worst business decision of all time?) […]
Dallas Stars Select Plano Site for New $1B Arena and Entertainment District
The NHL team, which brought home the Stanley Cup to Dallas in its 1999 championship season, aims to leave American Airlines Arena behind for a new arena and entertainment district at Plano's Shops of Willow Bend site. A key Plano City Council vote on the arena project is slated for June 8.
Mud Hens crush Cubs as Justin Verlander rehabs
Scores, news, and notes from around the Detroit Tigers’ farm system for Tuesday, June 2, 2026.
Emo's moving locations as LA-based entertainment company takes over East Riverside venue
Los Angeles-based AEG Presents will take over the 2015 East Riverside venue when Emo's lease there ends at the end of the year.
Emo’s moving locations as LA-based entertainment company takes over East Riverside venue
Los Angeles-based AEG Presents will take over the 2015 East Riverside venue when Emo’s lease there ends at the end of the year.
The Big E unveils entertainment schedule for Court of Honor Stage
More musical acts and performances have been announced for this year’s Big E.
How one state’s medical meal program lowered health care costs
Medicaid work requirements, fast-tracked funding for experimental Ebola vaccines, and more health news from Morning Rounds
Buy Local Fair puts spotlight on Louisville businesses at Lynn Family Stadium
The Louisville Independent Business Alliance hosted its annual Buy Local Fair at Lynn Family Stadium on Sunday.
Women make up 53% of science & technology ranks
In 2025, more than 81.6 million people in the EU aged 15 to 74 were employed in science and technology, a 1.8% increase from 2024 (corresponding to 1.5 million of people) and a rise of 25.3% over the last decade. Of the 81.6 million people, 52.5% were women (42.8 million), working mainly in service activities. Their share increased by 2.3% compared with 2024 and by an impressive 27.9% compared with 2015, corresponding to an absolute increase of more than 9.3 million women in science and technology...
Former employee at children’s mental health center pleads guilty to child sex crimes
Faniel Gerensea, 21, will spend time in prison after pleading guilty to taking indecent liberties with a child.
Holly Holm wasn't surprised by Ronda Rousey returning
Ronda Rousey's dominating three-year reign atop the UFC women's bantamweight division was brought to a sudden halt by Holly Holm at UFC 193 in November 2015. Holm knocked out Rousey with a head kick early in the second round sending shockwaves throughout the combat sports world. Rousey returned to ...
Roku Changes Homescreen With Major Overhaul
Don't worry, Roku City isn't going anywhere. In fact, it's going interactive. But there will be more personalization, and a more prominent ad unit too.
Greece's leftist firebrand Tsipras makes comeback with new political party
Former prime minister Alexis Tsipras, the leftist firebrand who ran Greece at the height of its debt crisis in 2015, has launched a new political party, promising to fight corruption and seek inclusive economic growth.
Budget conference: Lawmakers want to spend millions on affordable housing
The Legislature wants to fully fund the state's affordable housing trust funds.
The World Health Assembly adopts updated Global Action Plan on Antimicrobial Resistance (2026–2036)
Geneva, 23 May 2026 – Member States at the Seventy-ninth World Health Assembly (WHA79) adopted the updated Global action plan on antimicrobial resistance (GAP-AMR) 2026–2036, marking a major milestone in the global response to antimicrobial resistance (AMR) and delivering on a key commitment contained in the 2024 United Nations General Assembly Political Declaration on AMR. The updated plan was developed through a consultative process led by the Quadripartite organizations – FAO, UNEP, WHO and WOAH – with extensive engagement of Member States and stakeholders across sectors. AMR remains one of the most significant global health and development challenges, affecting humans, animals, plants, food systems and the environment. The updated GAP-AMR provides a comprehensive One Health framework to guide coordinated global, regional and national action over the next decade. It builds on the foundation established by the original GAP-AMR adopted by the World Health Assembly in 2015 while reflecting evolving evidence, lessons learned, and the commitments made at the 2024 UN High-Level Meeting on AMR. During the Assembly, Member States expressed broad support for the updated plan and its strengthened multisectoral and One Health approach. Delegates highlighted the importance of prevention-first interventions, including infection prevention and control, water, sanitation and hygiene (WASH), vaccination, biosecurity, and environmental measures. They also highlighted the need for responsible, equitable and sustainable use of antimicrobials, strengthened surveillance, innovation, and sustainable agrifood systems. The updated GAP-AMR is intended to serve as the global framework for coordinated action against AMR through 2036. It aims to accelerate global progress towards the commitments and targets agreed by Member States and support countries in developing, implementing and financing ambitious multisectoral national action plans. The plan also reinforces the importance of accountability, monitoring and reporting, sustainable financing, and international cooperation to address AMR through a One Health approach. The adoption of the updated GAP-AMR reflects renewed global commitment to preserving the effectiveness of antimicrobials and safeguarding advances in human, animal and plant health, food security, economic development and environmental sustainability. As implementation begins, continued collaboration among governments, international organizations, civil society, academia and the private sector will be critical to translating commitments into measurable impact. The Quadripartite organizations will continue supporting Member States and partners in operationalizing the updated GAP-AMR and advancing coordinated One Health action against AMR at country, regional and global levels.
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
6 kitchen gadgets that make adulting feel easier
From a robot stirring your soup to a bread machine that kneads your dough, here are 6 gadgets that may make you feel like you’ve won adulthood.
Cardinals' Bryan Torres, who began minors journey in 2015, nabs first MLB hit, then homer at 28 in debut vs. Reds
Eleven years after starting his journey in the minors, Torres made it to the bigs and shined in front of his family during a Game 1 win of a Saturday doubleheader.
Stephen Colbert returns to Monroe public station after final 'Late Night' show
Before Stephen Colbert made his debut on "Late Night" in 2015, he stopped by Monroe, Michigan, where he interviewed Eminem on the Monroe public TV show "Only in Monroe."
Imax surges on report it’s approached entertainment companies for a sale
Imax shares climbed more than 15% in premarket trading on Friday....
Celebrities and politicians react to Stephen Colbert's final show
Stephen Colbert took over "The Late Show" from David Letterman in 2015. After 11 seasons, the show has come to an end.
The world has fallen behind on health goals | Harvard T.H. Chan School of Public Health
Progress on the health targets in the United Nations’ 2015 Sustainable Development Goals has been too slow—and in some cases is backsliding.
Scott Coker is back in MMA with a $60M venture, ready to shake up the sport again
Coker, who uncovered the talents of stars like Daniel Cormier and Gina Carano, is back again, looking to build yet another MMA promotion.
Live entertainment this weekend at Amberg Pub
IRON MOUNTAIN — The Amberg Pub in Amberg, Wis., will feature full weekend of entertainment. On Friday, musician Rocky will play from 7 to 11 p.m. The local band, Next Myle will perform a variety of music from 6 to 10 p.m. On Sunday, the Curious Crow of Appleton, Wis., will offer a variety rock […]
Stephen Colbert\'s long goodbye is coming to an end, leaving a void
Stephen Colbert's run on “The Late Show” ends Thursday, marking the conclusion of his on-air feud with President Donald Trump. Colbert began hosting in 2015 and often criticized Trump and
Stephen Colbert's long goodbye is coming to an end, leaving a void
Stephen Colbert's run on “The Late Show” ends Thursday, marking the conclusion of his on-air feud with President Donald Trump. Colbert began hosting in 2015 and often criticized Trump and his...
Election Year Politics Killed Oklahoma’s Eviction Reform Bills, Advocates Say
Oklahoma's tenant protection bills failed this legislative session, leaving renters without new legal remedies against problem landlords. House Bill 2015, which would have given courts power to hold landlords accountable for habitability failures, stalled, as did an eviction timeline extension bill. Advocates blame election-year politics and landlord influence at the Capitol.
Jon Stewart Celebrates Stephen Colbert as ‘Late Show’ Ends: ‘Don’t Confuse Cancellation With Failure’
The Daily Show host also brought out surprise musical guest Andra Day to perform her 2015 hit "Rise Up"
MSU study challenges notions about trees and human health
Researchers found that tree canopies do improve health, but benefits vary based on socioeconomic factors such as income.
Cavaliers crush Pistons to reach conference finals: Instant takeaways
The Cleveland Cavaliers dominated the top-seeded Pistons in Detroit in Game 7 of their playoff series and will meet the New York Knicks next.
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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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