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ANF Investigates: Allegiance Health plans to sell 2 struggling Acadiana hospitals
Allegiance Health Management plans to sell four financially struggling rural hospitals in Louisiana, including two in Acadiana, at the directive of the Louisiana Department of Health. The two Acadiana hospitals involved are Mercy Regional Medical Center in Ville Platte and Acadian Medical Center in Eunice. Both facilities have dealt with a number of problems, including unpaid payroll taxes, broken equipment, overdue bills, the loss of doctors and staff, and a shortage of critical supplies.
ANF Investigates: Allegiance Health plans to sell 2 struggling Acadiana hospitals
Allegiance Health Management plans to sell four financially struggling rural hospitals in Louisiana, including two in Acadiana, at the directive of the Louisiana Department of Health. The two Acadiana hospitals involved are Mercy Regional Medical Center in Ville Platte and Acadian Medical Center in Eunice. Both facilities have dealt with a number of problems, including unpaid payroll taxes, broken equipment, overdue bills, the loss of doctors and staff, and a shortage of critical supplies.
ANF Investigates: Allegiance Health plans to sell 2 struggling Acadiana hospitals
Allegiance Health Management plans to sell four financially struggling rural hospitals in Louisiana, including two in Acadiana, at the directive of the Louisiana Department of Health. The two Acadiana hospitals involved are Mercy Regional Medical Center in Ville Platte and Acadian Medical Center in Eunice. Both facilities have dealt with a number of problems, including unpaid payroll taxes, broken equipment, overdue bills, the loss of doctors and staff, and a shortage of critical supplies.
HSBC plans job cuts across UK wealth business in AI push, FT reports
HSBC is planning sweeping job cuts across its UK wealth management business, including a sharp reduction in financial advisers and specialist staff, as part of a broader push to use artificial intelligence, the Financial Times reported on Wednesday.
HSBC plans sweeping job cuts across UK wealth business in AI push
Bank is consulting with staff on reductions in roles affecting managers, specialists and financial advisers
Why Democrats may need a gut check on their midterm ambitions: From the Politics Desk
Plus, the GOP’s financial edge.
2026 Black Hills Toy Drive Opens Registration for Families in Need
Families across the Black Hills facing financial hardship can apply for the 2026 Black Hills Toy Drive and receive donated Christmas gifts for local children.
AmTrust launches treaty property reinsurance unit
AmTrust Financial Services on Tuesday launched East Reinsurance Services, a treaty property reinsurance operation focused on U.S. property and specialty business.
Science organizations mobilize against politicizing purse strings
The sweeping federal financial assistance rule proposed by the Office of Management and Budget is on hold. The reprieve may be an opportunity for the rule to fizzle.
UEFA monitoring Man City case before deciding on potential action
UEFA is monitoring Manchester City’s financial case and will wait for the Premier League disciplinary process to conclude before considering whether to take any action of its own.An independent comm...
Moody’s changes Nationwide’s P&C business outlook to “positive”
Moody’s Ratings announced today that it has changed its outlook for Nationwide’s P&C business to “positive” from “stable.” The global ratings agency also affirmed its A1 rating for Nationwide’s financial services (NFS) business, and A2 rating for Nationwide Mutual Insurance Company and Nationwide’s P&C affiliates. “Moody’s p...
Skydance's $80 Billion Debt: Warner Bros., Paramount Owner's Reality
The combined company now has the scale to take on Netflix and Disney, but little room for error as it balances massive spending on film and TV with servicing its crushing financial obligations.
An ambitious financial experiment tried to support struggling rural hospitals in Pa. for years. Did it work?
The Pennsylvania Rural Health Model ran from 2019 through 2024 at 18 hospitals across the commonwealth.
Carragher: Manchester City should face three-to-five-year punishment
Manchester City should face a multi-year punishment for their financial misdemeanours, according to former Liverpool defender Jamie Carragher. An independent commission found City guilty of breaking Premier League rules in a strongly-worded report released last week, which the club have appealed against.
Before Saying Yes to the Medical Test, Know the Risks and Benefits
Tests like full-body scans marketed directly to consumers are pitched as a way to detect diseases early and establish a baseline of health markers. But there are financial, physical, and psychological risks to all medical tests — and in some cases, not getting a test could be better for your health.
Northern Essex’s McCarthy Joins New Small Business Advisory Council
Michael McCarthy, executive vice president and chief financial and operating officer at Northern Essex Community College, was recently appointed to the Massachusetts Small Business Development Center statewide Advisory Council, a new group of business, government, economic development and community leaders helping guide the future of small business support in the state. The Advisory Council was
Lawsuits accused flight service of taking customers' cash as charter business was failing financially
US says foreign financial institutions doing business with Iran may be sanctioned without notice
WASHINGTON, Oct 5 (Reuters) - The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice. DETAILS: • "Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance notification and should take immediate action to terminate such activity and relationship
US says foreign financial institutions doing business with Iran may be sanctioned without notice
WASHINGTON, Oct 5 (Reuters) - The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice.
US says foreign financial institutions doing business with Iran may be sanctioned without notice
The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice.
Bladen Community College to host “So You Want to Start a Small Business” class and preview Pitch It Bladen 2027
The Small Business Center at Bladen Community College invites aspiring entrepreneurs to attend “So You Want to Start a Small Business” on Tuesday, Oct. 13, 2026, from 6:00 p.m. to 8:00 p.m. in Building 14, Room 104. This class will help participants explore what it takes to become an entrepreneur and take the first steps toward turning a business idea into reality.Participants will explore the entrepreneurial mindset and consider whether they have the interests, characteristics, motivation and willingness to take on the challenges of business ownership. The class will encourage attendees to examine their personal goals, expectations, strengths and readiness to pursue entrepreneurship.Attendees will also gain insight into the realities of starting and operating a small business, including the commitment, planning, decision-making and perseverance required to build a successful venture. Whether participants are just beginning to consider business ownership or already have an idea they want to pursue, this class will provide a foundation for determining their next steps.In addition to the class instruction, attendees will receive advance information about the upcoming Pitch It Bladen 2027 Business Competition, including the application form and details about the program. Individuals who are ready to move forward may submit their applications early and have the opportunity to receive advance acceptance into the program.Pitch It Bladen helps aspiring and emerging entrepreneurs develop their business ideas through structured instruction in business planning, financial management, cash-flow projections, marketing and operations. Participants work toward completing a business plan and preparing a business pitch, with the opportunity to compete for cash prizes.Last year's Pitch It Bladen program demonstrated the value of investing in local entrepreneurs by helping participants strengthen their business knowledge, develop their business plans and prepare to present their ideas. The competition showcased the creativity and potential of Bladen County's small-business community and provided participants with practical tools to move their business goals forward.Building on that success, Pitch It Bladen 2027 will provide another opportunity for local entrepreneurs to gain knowledge, build confidence and take meaningful steps toward launching or growing a business.“The Small Business Center wants to help individuals make informed decisions about entrepreneurship before they take the leap into business ownership,” said Theresa Dennison, Small Business Center director, in a press release. “This class gives participants an opportunity to evaluate whether entrepreneurship is right for them while also introducing them to Pitch It Bladen 2027 and the resources available to help them succeed.”Registration: Visit www.ncsbc.net and search for the class by name, or contact the Small Business Center at 910-879-5572 for additional information.
Silly Dillys Wins $30,000 at RISE Up Harlingen Business Pitch Competition
Silly Dillys captured first place and a $30,000 award at the third annual RISE Up Harlingen Business Pitch Competition, leading a group of local entrepreneurs receiving financial support to develop and expand their businesses.
Chevron elevates CFO to head oil and gas operations
HOUSTON, Oct 5 (Reuters) - Chevron Chief Financial Officer Eimear Bonner will become president of the US oil producer's oil, products and gas business, the company said on Monday.
Naples Comprehensive Health Names Danny Hogan Chief Financial Officer
October 5, 2026 – Naples Comprehensive Health (NCH) announced today that Danny Hogan has been named its next Chief Financial Officer. Hogan joined the organization on Oct. 5. Hogan brings extensive health care finance and operational leadership experience to NCH. He currently serves as Chief Financial Officer, Shared Services and Integrated Operations, at Bon Secours […]
Fiserv Small Business Index Shows Small Business Sales Rise in September as Back-to-School Lifts Retail
Index rises to 146 as sales increase +2.2% year over year and +0.7% month over month MILWAUKEE, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today published the Fiserv Small Business Index for September 2026,
Jobs in health care. Jobs for women. The US labour market is segmenting. Chernobyl’s radiation and Lenin’s love of literature.
Thank you for opening your Chartbook email. Elmer Bischoff, Two Figures at the Seashore, 1957 The only really dynamic job-creator in the US economy is health care: The largest crunch has come in Federal government, which has shed 2.7 m jobs. Source: tchouvkov on Twitter Tech is struggling. [ Joey Politano 🏳️🌈@JosephPolitano The US tech sector continues bleeding jobs in official data released today—overall, employment decreased by 17k last month and is down 69k over the last year That's nearly as bad as the worst of the 2024 tech-cession, and much worse than the 2022 boom or even pre-2020 norms 12:42 PM · Oct 2, 2026 · 15.2K Views 15 Replies · 47 Reposts · 390 Likes ](https://x.com/JosephPolitano/status/2106001807847940232?s=20) The new jobs are all for women. [ Justin Wolfers@JustinWolfers I'm not sure who saw this coming, but so far nearly all the jobs created during the second Trump administration have gone to women. 1:09 PM · Oct 2, 2026 · 33K Views 70 Replies · 146 Reposts · 644 Likes ](https://x.com/JustinWolfers/status/2106008723533533601?s=20) Meanwhile, real wages are being eaten up by modest over-target inflation. [ Heather Long@byHeatherLong The financial pain is real: Wage growth fell to 3% (y/y) in September. That's the lowest in 5 years. Wage growth: 3% Inflation: ~3.4% Inflation has eaten up all wage gains for the average worker since April. Many people are having to make hard choices about what to buy and what … 1:24 PM · Oct 2, 2026 · 37K Views 24 Replies · 275 Reposts · 533 Likes ](https://x.com/byHeatherLong/status/2106012367712620728?s=20) HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $60. 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 Elmer Bischoff, Bathers, 1960 Americans are disillusioned with higher ed. For contributing subscribers only. Subscribe Where the Chernobyl radiation went. h/t Simon Kuestenmacher aka simongerman600 How Lenin’s love of literature shaped the Russian Revolution - Tariq Ali This, then, was the intellectual atmosphere in which Lenin came of age. His father, a highly cultured conservative, was the chief inspector of schools in his region and much respected as an educationalist. At home, Shakespeare, Goethe and Pushkin, among others, were read aloud on Sunday afternoons. It was impossible for the Ulyanov family – “Lenin” was a pseudonym adopted to outwit the tsarist secret police – to escape high culture. At high school, Lenin fell in love with Latin. His headteacher had high hopes that he might become a philologist and Latin scholar. History willed otherwise, but Lenin’s passion for Latin, and taste for the classics, never left him. He read Virgil, Ovid, Horace and Juvenal in the original, as well as Roman senatorial orations. He devoured Goethe during his two decades in exile, reading and rereading Faust many times. Lenin put his knowledge of the classics to good use in the time leading up to the October revolution of 1917. In April of that year, he broke with Russian social-democratic orthodoxy and, in a set of radical theses, called for a socialist revolution in Russia. A number of his own close comrades denounced him. In a sharp riposte, Lenin quoted Mephistopheles from Goethe’s masterwork: “Theory, my friend, is grey, but green is the eternal tree of life.” Source: The Guardian Elmer Bischoff, The River, 1953 If you’ve scrolled this far, you know you want to click: Subscribe
Phillips 66 (NYSE:PSX): A Dividend Quality Pick With Solid Financial Health
Phillips 66 (PSX) earns 7/10 Dividend Rating with 28% payout, solid health, and attractive forward valuation, but margins and growth carry risks.
DC performers, businesses grapple with impact of Kennedy Center closure
Following the Kennedy Center closure, businesses and arts organizations are taking financial hits as well as struggling to continue keeping their respective fields and organizations afloat.
AkzoNobel to sell unit to Nippon Paint for over $1 billion, FT reports
Dulux paint maker AkzoNobel is nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint for well over $1 billion, the Financial Times reported on Sunday, citing people familiar with the matter.
Eagles vs. Rams Week 4 game thread
The Eagles will face the Rams in Week 4 at Lincoln Financial Field.
Petra Eyes Potential Sale of Business Amid Financial Struggles
Petra Diamonds is considering selling its assets to secure enough funding to pay creditors as it struggles with the industry downturn.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Sports betting is increasingly the norm for Gen Z. Here’s why some financial and mental health experts are worried
Surveys show Gen Z increasingly views sports bets as a form of investment, and those who gamble too often face mental health risks.
Sports betting is increasingly the norm for Gen Z. Here’s why some financial and mental health experts are worried
Surveys show Gen Z increasingly views sports bets as a form of investment, and those who gamble too often face mental health risks.
Saudi Arabia to cancel Joy Awards, its answer to the Grammys, amid budget cuts, sources say
By Timour Azhari Oct 4 (Reuters) - Saudi Arabia is set to cancel next year's Joy Awards, its star-studded answer to the Oscars or the Grammys, as financial strain and the Iran war hit the country's nascent entertainment sector, two people with knowledg...
America’s Health Care Workforce Is in Crisis
We must prevent financial barriers from determining who has the opportunity to become a health care leader, writes Michellene Davis.
America’s Health Care Workforce Is in Crisis
We must prevent financial barriers from determining who has the opportunity to become a health care leader, writes Michellene Davis.
Manchester City faces uncertain future after 114 charges upheld
Manchester City face renewed uncertainty after reports that an independent commission upheld 114 of 115 Premier League charges. The club denies wrongdoing and has appealed, while potential sanctions remain unknown. The case could have major sporting and financial consequences for City and wider English soccer.
Retiring Tigers Star Justin Verlander Makes Financial MLB History
The Hall of Fame career for Detroit Tigers pitcher Justin Verlander came to a close late last month, as he made one final start wearing the Old English D in front of a packed house at Comerica Park. Verlander, who returned to the Tigers last offseason with a one-year contract, announced that the 2026 MLB […] The post Retiring Tigers Star Justin Verlander Makes Financial MLB History appeared first on HEAVY.
29 businesses honored at Bowling Green Chamber’s Targeted Business Awards, AKFA named Business of the Year
The Bowling Green Area Chamber of Commerce celebrated 29 businesses Thursday during its annual Targeted Business Awards, presented by Pinnacle Financial Partners, at the Knicely Conference Center.
Democrats dream of putting Florida back in play. Are they squandering their chance?
Democrats have struggled to compete in the state for years, but a surprisingly tight race for governor has their hopes up — despite a huge financial deficit.
Barbour Community Health Association appoints new finance chief
Nathan Channell is the new chief financial officer of Barbour Community Health Association. His experience includes banking, accounting and financial reporting.
Small businesses use Kalshi to hedge financial risks
An expert weighs in on how businesses are using prediction-market contracts to hedge against financial risks.
S&P 500 Posts Slight Weekly Drop as Health Care, Financials Weigh
The Standard & Poor's 500 index slipped 0.3% this week amid a broad decline led by the health care a
Caesars Entertainment, Inc. to Release 2026 Third Quarter Results on October 27, 2026
LAS VEGAS & RENO, Nev., October 02, 2026--Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars", "the Company") will release its financial results for the third quarter after the market closes on Tuesday, October 27, 2026. Considering the Company’s pending merger with Fertitta Entertainment announced on May 28, 2026, Caesars will not host an earnings call. Upon completion of the proposed merger agreement, Caesars’ common stock will no longer be listed on NASDAQ, and the Company will become a priv
Amid bleak financial forecast, Brown Health announces buyouts, executive layoffs
Brown University Health announced a series of cost-cutting measures Thursday on the first day of its fiscal year, including executive layoffs and non-clinical buyouts. The hospital operator projects a $64 million deficit due mostly to federal budget cuts.
Rangers Could Trade Eovaldi to Create Payroll Flexibility
Chris Young must weigh Nathan Eovaldi’s reliability against a looming $25 million salary as the Texas Rangers prioritize financial agility and roster youth after a tough year.
Presidio Investors Sells Podium Entertainment To Flexpoint Ford And Shamrock Capital
Presidio Investors has sold Podium Entertainment to Flexpoint Ford and Shamrock Capital, completing an investment that began in 2019 when Podium was an early-stage, founder-led audiobook publisher. GoldState Music is joining the new ownership group as a minority investor. Financial terms of the transaction were not disclosed.
Bernhard Capital completes exit from inaugural fund with sale of Epic Piping
The sale of United Weld Holdings, the parent company of Epic Piping and BendTec, to One Equity Partners has closed, according to Bernhard Capital Partners. Epic Piping is UWH’s flagship operating company. Financial terms of the deal were not disclosed. Bernhard announced in July it had agreed to a deal to sell UWH. “Epic has […]
My parents taught me to avoid risk. I had to unlearn that to get rich.
Carrie Kerpen grew up prioritizing financial security. Learning to take calculated risks helped her build and eventually sell an eight-figure company.
Grand Old Populists: GOP lawmakers target big business
It’s a major risk for big financial services firms, health insurance companies and tech titans, which are the subjects of the hottest rhetoric.
French bond sell-off ‘reminiscent of the euro crisis’ as Paris proposes cuts and tax rises
Rolling coverage of the latest economic and financial news
Kauai small businesses still waiting for financial aid after Hurricane Lowell
Nearly a month after Hurricane Lowell devastated Kauai, struggling businesses are still waiting for help with unemployment numbers skyrocketing every week. Meanwhile, an application portal that was supposed to go
Iowa employers report stability in ABI quarterly survey
Iowa employers reported stable financial health and a neutral outlook on the economy for the fourth quarter in the Iowa Association of Business and Industry’s latest quarterly business survey. ABI surveys its board of directors each quarter to track business sentiment, identify common concerns and inform advocacy and programming priorities. Key survey findings include: Employers…
City of Alamo Announces Appointment of New City Manager
The City of Alamo proudly announces the appointment of Michael Leo as the City’s new City Manager, bringing nearly two decades of local government leadership and a proven track record of financial transformation, operational excellence, and community-focused growth.
Donation pledges to Kennedy Center fell by more than 100% in months after Trump’s name added, internal documents show
For much of the past year, the financial alarm bells at the John F. Kennedy Center for the Performing Arts have been going off among the stewards of the iconic art institution.
7 Takeaways From an Investigation Into Financial Aid at Texas Hospitals
Hospitals can prevent medical debt by preemptively wiping out a patient’s bill. But a Tradeoffs analysis finds that few nonprofit facilities in Texas use this tool to the maximum benefit of patients.
Annual UK house price growth halves as mortgage rates rise
Rolling coverage of the latest economic and financial news, as Nationwide reports house prices fell in September
GFCB to invite John Taft for business lecture series
The Gordon Ford College of Business will welcome a vice chairman for financial services firm Baird to the Experiencing Business Speaker Series. John Taft will share career insights on Thursday at 3:45 p.m. in Chandler Hall’s Houchens Industries Auditorium, Room 1001. Taft’s 40 years of experience in the finance industry include serving as CEO for...
Man City scandal risks damage to Premier League's booming brand
The Premier League has won a lengthy legal battle with Manchester City over financial impropriety, but the consequences could leave lasting damage for a league that has long since become the envy of world football.But the damage may not be limited to City alone with an entire era of the Premier League now under a cloud.
Mental health awareness is not reflected in college culture
Generation Z is the generation most open to discussing mental health experiences. Yet, despite advances in mental health awareness, including a greater willingness to share their struggles and access to diagnoses, college students today still face heightened challenges with depression and anxiety. This can be partially attributed to financial stress and barriers to accessing continued mental health resources, as well as being overwhelmed by news outside their immediate communities.
What Does Your Office Say About Your Business? by Jennifer Kraner
What does your space say about you and your business? More importantly, does it give you the best possible first impression? The minute a client, customer or patient walks through your door, they’re forming an opinion about your business – sometimes consciously, sometimes without even realizing it. Your space is communicating something about you, whether you intend it to or not. At Big Sky Design, we work with all kinds of commercial businesses, including many medical practices, law firms and other corporate offices, and I’ve seen first hand how much thoughtful design can influence that first impression. For businesses in medical, legal, and financial fields, three things are particularly important: trust, privacy and professionalism. Your space should communicate all three while also reflecting who you are as a business. That can be challenging, especially in a new construction project. Often, so much of the budget goes toward the actual construction that things like lighting, comfortable seating, artwork and finishing touches get pushed to the side. But those are often the elements that make a space feel complete – and memorable. Think about your waiting room. Is it comfortable? Is the lighting welcoming? Does the layout make sense? When someone walks through the door, do they immediately know where to go and whom to speak with? In a medical office, there’s another important consideration: privacy. Reception areas can become surprisingly noisy places, with phone calls, conversations between staff and patients, and people discussing personal information. Hard surfaces throughout a space allow sound to bounce around, making it difficult to maintain privacy. We recently worked with an eye doctor's office that had exactly this problem. The reception desk had a large opening, and staff were making and taking phone calls right next to patients who were waiting. We designed an acoustic treatment that acted as a divider between the staff and waiting areas. It absorbed sound, but it also became a branded design element. It was a visual reminder to everyone in the space to be mindful of their voices and what others might be able to hear. Those kinds of thoughtful details can make a tremendous difference. And good commercial design doesn't have to mean making your space flashy. Sometimes it’s as simple as a calming color palette, beautiful artwork, plants, carefully selected lighting or comfortable upholstered furniture. In a medical setting, those touches can help soften what might otherwise feel clinical and reduce anxiety for patients who are already nervous about an appointment. I’ve been in waiting rooms where everyone feels packed together, and you can hear every conversation – even what’s happening in the restroom next door. That’s not the experience you want to create. Your office should also feel like your business. Are you telling people that you’re clean and modern? Sophisticated and unique? Warm and welcoming? Or, unintentionally, are you telling them that your business is outdated? You don’t necessarily need a complete renovation to change that message. Fresh paint, updated lighting, new artwork, better seating or a few branded design elements can make a space feel current and intentional. At Big Sky Design, we’ve worked with radiology, dermatology, and dental practices, among many others. Every practice is different, but the goal is always the same: creating a space that reflects the business behind it and gives every person who walks through the door a positive first impression. Because your office is part of your brand. Make sure it’s telling the story you want people to hear. Read more at bigskydesignonline.com.
Detroit Legacy Business Project helps longtime businesses, round 4 deadline approaching
Detroit is offering financial support to some of its most recognizable longtime businesses through the Detroit Legacy Business Project, a grant program designed to help establishments that have served the community for 30 or more years.
$289 Million for Small-Business Lenders Released Just Before Funding Deadline
The Trump Administration has withheld Congressionally allocated funding for Community Financial Development Institutions this year despite CDFIs historically drawing bipartisan support.
Community & Health Impacts and Risks of Gas
Learn about benefits of electrification, community & health impacts and risks, and financial costs
Employers increasingly tie digital health payments to outcomes, PHTI survey finds
Performance-based contracting is becoming the norm for digital health solutions, with the majority of employers and health plans tying vendor payments to clinical and financial outcomes, according | The report drew insights from 321 digital health professionals responsible for purchasing across health plans, employers and health systems.
U.S. tightens Cuba sanctions, restricts private business banking
The United States imposed new financial and travel restrictions on Cuba affecting U.S. banks and the island's access to the U.S. financial sustem.
Sandhills Community College Small Business Center expands to Moore and Hoke Counties
Small Business Center Director, Laura Kinsman. Photo provided by: SCCSandhills Community College (SCC) is launching a redesigned Small Business Center model that expands no-cost entrepreneurial support across Moore and Hoke Counties. Rooted in the College’s commitment to strengthening small businesses and entrepreneurship as drivers of economic growth, the enhanced model is led by recently appointed Small Business Center Director, Laura Kinsman. The model also includes two new Senior Business Advisors who will provide trusted expertise, stronger community connections, and individualized guidance to entrepreneurs and business owners throughout the region.Kinsman brings a unique perspective to the director’s role as both a local business owner, operating in downtown Southern Pines, and a former Moore County educator. “Her combination of education, business ownership, leadership, and community involvement make her a great fit for the Small Business Center and the work we are continuing to build across Moore and Hoke counties,” said Taylor L. McCaskill, senior director of Workforce Development & Corporate Partnerships in a press release.Kinsman is an active member of the Southern Pines Business Association and has been connected to the Sandhills Small Business Center since the beginning of her entrepreneurial journey. She looks forward to building on that experience by strengthening the Center’s partnerships and expanding its connections throughout the community.She will lead the Center's efforts to support entrepreneurs and business owners throughout Moore and Hoke County and be the connector to the North Carolina Community College System Small Business Center Network operations. The Center offers no-cost, confidential one-on-one counseling, practical workshops, and connections to the resources and partners that help local businesses start, grow, and create jobs.A key part of this new approach, only offered at SCC, is a network of Senior Business Advisors, experienced professionals who will provide individualized guidance in areas such as business planning, finance, marketing, operations, growth strategy, and problem-solving. These advisors will serve as trusted partners to entrepreneurs and business owners, helping them turn ideas into action, overcome barriers, strengthen existing businesses, and pursue new opportunities. This one-on-one counseling is available at no cost, ensuring that high-quality business support is accessible to entrepreneurs at every stage.Senior Business Advisor for Hoke County, Kenna Parks. Photo provided by: SCCKenna Parks has been named the senior business advisor for Hoke County. She is a business professional, entrepreneur, and educator who brings a unique combination of academic training and real-world business experience. She earned her Master of Business Administration (MBA) in 2017 and has built her career around entrepreneurship, marketing, business development, and helping others turn ideas into sustainable opportunities.Senior Business Advisor for Moore County, Katrin Henderson. Photo provided by: SCCAs a military spouse, she has successfully launched and operated businesses across five states, giving her firsthand experience in adapting to diverse markets, building new customer bases and understanding the importance of global reach in today’s business environment. Over the last decade, her areas of focus include business planning, marketing strategy, branding, customer development, financial preparedness, operational planning and connecting entrepreneurs with educational programs and community resources.Parks brings an especially valuable perspective to business advising because she is an entrepreneur herself. She is the owner of Glamo Society Bridal & Formal Wear in Raeford, N.C., giving her firsthand experience with the realities of launching, operating, marketing and growing a small business. She understands that entrepreneurship extends far beyond developing a great idea; it requires strategy, financial awareness, adaptability, strong customer relationships, and consistent execution.Katrin Henderson will serve as the senior business advisor for Moore County. Thriving in hospitality and retail, Henderson has enjoyed positions in Food & Beverage Management and Retail Management in various fine dining and retail establishments in the area, before opening her own children's shop in 2015, in the Village of Pinehurst. She is a native of Moore County.Quickly immersing herself in this new world of small business ownership, Henderson joined various boards and committees, including President Elect of Pinehurst Business Partners and Event Chair for the Holly Arts & Crafts Festival. She also partnered with local organizations such as Moore County Economic Development and Moore County Chamber of Commerce and Sandhills Community College Small Business Center in events and educational opportunities. In 2026, Henderson sold her shop and now offers full-time support to both new and seasoned entrepreneurs through freelance consulting mentorship and the SCC Small Business Center program.The Small Business Center team is passionate about making business resources more accessible, and ensuring entrepreneurs know they do not have to navigate business ownership alone. Through their work with SCC, they are committed to building meaningful relationships with local businesses, community organizations, and industry partners while helping entrepreneurs move from idea to strategy, strategy to action, and action to sustainable growth.“Sandhills Community College believes deeply in the power of small business and entrepreneurship because strong local businesses create jobs, spark innovation, generate investment, and strengthen the communities we serve,” said McCaskill in press release. “Through this new Small Business Center model, Sandhills is building a stronger ecosystem where entrepreneurs can connect, grow, and thrive, while helping drive long-term economic vitality throughout our region.”To learn more about the Center's services or to schedule a consultation, please contact Kinsman directly at kinsmanl@sandhills.edu or 910-695-3938.
Community & Health Benefits of Electrification
Learn about benefits of electrification, community & health impacts and risks, and financial costs
5th graders get a taste of business with BizTown
Clear Creek Elementary 5th graders participated in an event called BizTown last Thursday, Sept. 24, where students shopped and worked in their very own “town” in the Clear Creek gym. Students spent 12 lessons in class learning about financial literacy and prepping for BizTown. Students learned the basic skills they needed to make BizTown successful.
ABI predicts employer and financial stability for fourth quarter
The Iowa Association of Business and Industry reported that surveyed Iowa employers are looking towards 2026’s fourth quarter with a “neutral outlook”, approaching a stable economy and financially healthy end of the year. Each quarter, ABI surveys its board of directors in order to track business sentiment, identifying common concerns and inform upcoming priorities for […]
Making sense of ‘Sham FC’ and sports’ biggest financial scandal …ever? MoneyCall
This week's free sports business newsletter from The Athletic includes MLB dread, Northwestern stadium anticipation and two epic videos.
Forum Health Names Elizabeth Campbell Chief Financial and Development Officer
/PRNewswire/ -- Forum Health today announced Elizabeth Campbell as Chief Financial and Development Officer. Campbell will lead fundraising and acquisitions...
GBTA Report Shows Major Financial Impact of Business Travel on Destinations
Research shows $178 billion in spending across 25 cities globally
Morningstar joining Google at Thompson Center
The financial services firm will anchor the building alongside Google with the largest downtown office lease inked this year.
'We will get through this together'
Former Manchester City boss Pep Guardiola has posted a message on social media following the news of his former club being found guilty of financial breaches. Guardiola led City to 17 major trophies, including six Premier League titles and a Champions League victory, during his 10-year reign at the club. Among reaction elsewhere, ex-City defender and academy graduate Micah Richards said he felt "absolutely devastated" after reading the Premier League's "damning" guilty verdict on the club's financial charges.
Xcel's faulty billing has residents, businesses and cities fired up
Xcel Energy’s billing practices are causing financial and logistical headaches for Minnesota residents, businesses and even municipalities, according to complaints filed with the state utility regulator this year.
Virginia Democrats warn more healthcare strains loom after November election
Christina Rivera kept her health insurance this year because she needed major back surgery. But maintaining coverage meant absorbing a monthly premium that rose from $235 in 2025 to $1,336 in 2026 — with a higher deductible. “That’s just not reasonable for anybody who is relying on the ACA for healthcare,” said Riviera, a Charlottesville-area resident and founder of the nonprofit Called to Justice. “I don’t have that sitting around. It’s not in the cushions of the couch.” Small nonprofits often depend on the Affordable Care Act marketplace because reasonably priced group coverage is out of reach, Rivera said. After enhanced federal premium tax credits expired last December, her insurance bill became another financial burden alongside groceries, gasoline and utilities.
Manchester City stars now fearing Premier League relegation
Manchester City players are worried that they face relegation, after the Premier League’s confirmation of the guilty verdicts from their financial rule breach hearing.Photo by Carl Recine/Getty Imag...
Manchester City players fear Premier League relegation
The Premier League confirmed on Tuesday that Manchester City had been found guilty of 114 of the 115 charges against them. Those charges relate to serious breaches of financial rules, dating all the w...
Los Angeles County puts up to $3,000 on the table for businesses after Lineage fire, East LA oil spill
"Small businesses should not be left to absorb the financial damage caused by an emergency they did not create."
Hampton Roads’ fastest-growing companies make Inc. 5000 list
This year, 245 Virginia companies, including 24 in Hampton Roads, made the Inc. 5000 list.
Historic science museum in Philadelphia to close
Philadelphia's Academy of Natural Sciences is set to close down thanks to financial pressures. The 198-year-old museum houses important scientific specimens and a beloved dinosaur exhibit.
Meta and Intuit Team on Small Business Intelligence
Intuit says its small business-focused financial intelligence services are now part of Meta’s new AI assistant. The QuickBooks connector is now live in
'Chaos and uncertainty'
If you had the impression that the saga over Manchester City's 115 charges was almost over, think again. Two years since the hearing began, the Premier League has confirmed that City have been found guilty of all charges related to breaches of its financial rules between the 2009-10 and 2017-18 seasons. City have said they are "innocent of the accusations made by the Premier League" and would pursue "appeal avenues open to it, on the basis that the opinion contains clear material errors, of law, principle and fact, and is unsafe."
Calciopoli to Spygate – Previous heavy penalties to scare City fans
Manchester City have been found guilty of all charges related to breaches of Premier League financial rules between 2009-10 and 2017-18 by an independent commission. With the issue of sanctions being addressed separately in a further hearing, the Press Association recalls some of the heaviest penalties handed out in the history of sport.
Timeline of the Premier League vs. Manchester City
The verdict has been delivered in the seismic case between the Premier League and Manchester City. City was found guilty of nearly all of the 115 financial charges laid by the Premier League, the competition said Tuesday in an explosive statement. City faces a severe punishment, potentially even expulsion from the world's most popular league, but has vowed to appeal.
Financial Integrators, LattaHarris form strategic partnership
Des Moines-based Financial Integrators and Cedar Rapids-based LattaHarris have entered into a strategic partnership to provide more coordinated wealth management, tax, accounting and advisory services to business owners, families and individuals. The firms will remain independent while collaborating to expand access to specialized expertise and resources and enhance client service. Financial Integrators provides wealth management…
Man City respond to Premier League verdict: ‘We are innocent’
Manchester City have responded defiantly after an independent commission found the club guilty of serious breaches of the Premier League’s financial rules.The Cityzens insist they are innocent and w...
LDF Strongly Opposes Passage of the Protect College Sports Act, Urges House to Reject the Bill
On Sept. 28, the U.S. Senate passed the Protect College Sports Act (PCSA), an irresponsible piece of legislation that threatens the financial security and success student-athletes, including low-income Black student-athletes, have earned. The Legal Defense Fund previously issued a letter urging all members of Congress to reject the bill. Altogether, the PCSA lacks employment rights […]
ICYMI: Clarity, crypto tax and committee politics
The last three months saw major news for financial services, tax and trade policy and the politics steering those issues. Here’s a recap.
Sage’s Financial Symphony: Unveiling Business’ Hidden Rhythm
Aaron Harris, Chief Technology Officer at Sage, explains how Sage and Loud Numbers use Financial Symphony to make AI finance transparent
The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
Lesbian Bar Project Co-Founder: Purity Politics Could Destroy Our Remaining Spaces
Subscribe As a professional lesbian and Massachusetts native, I’ve recently been asked by a lot of folks what I think about the saga unfolding at Last Ditch. The now-viral story, first reported by The Boston Globe, centers on a Western Massachusetts lesbian bar that lifted its mask requirement for one night a week to help drum up business. The decision ignited an intra-queer controversy that has been feasted on by media outlets across the political spectrum—from the New York Post to LGBTQ Nation—and is even reportedly being eyed for a Hollywood adaptation. Apparently nothing is more entertaining than a bunch of lesbians and queers fighting with each other over KN-95s. What has been lost in all of the chatter and media coverage is the very real possibility that Last Ditch, which just opened in April 2025, will have to close its doors. The venue’s one remaining founder, Jackie Matellian, revealed in a community Zoom meeting that she’s working four jobs, is now solely responsible for the bar’s $50,000 business loan and is struggling to keep up with the bills. So as we laugh about the controversy’s similarity to a “Portlandia” skit and how one of the bar’s founders left to enroll in clown school, we forget that yet another lesbian bar is facing an existential crisis—and this time the call is coming from inside the house. In 2020, my friend Elina Street and I created The Lesbian Bar Project, an Emmy-, Webby- and GLAAD Media Award-winning docuseries and initiative that tells the stories of lesbian queer bars around the world. We were moved to act because at the time there were only an estimated 16 lesbian bars in the United States, and the pandemic threatened to bring that number down even further. There are now more sapphic bars than there were just before the pandemic—about 36 of them in total—but this is down from approximately 200 in 1980. Maybe that doesn’t mean much to you, but for the millions of sapphics living in the U.S., this number is calamitous. As the world laughs at lesbians and sapphics, I want to take a second and tell you what I feel when I walk into one of these bars, which are all unique and irreplaceable in their own way: I feel seen. Sometimes I think Cubbyhole in New York City’s West Village neighborhood knew I was gay before I did. When I walked in there for the first time, before I was even out, I was transfixed by the colorful array of tchotchkes hanging from the ceiling and how the women standing next to me were completely unafraid to express their desire for one another. I knew the minute I was ready to come out, I had a home. I also felt the joy of a new couple falling in love at Seattle’s Wildrose, the quiet confidence of a short king lining up her shot at the pool table at Ginger’s in Brooklyn and the kick of cayenne pepper in Julie Mabry’s crawfish at Houston’s Pearl Bar. Subscribe Lesbian bars don’t just serve lesbians; they serve queer folks across the spectrum, including bisexual, pansexual and trans people. As Elina and I traveled across the U.S. and Europe and to parts of Latin America to document the bar owners, staff and patrons that make up the ecosystems of these spaces, we also became uniquely acquainted with the factors that threaten their existence: gentrification, wage gaps, sexism, environmental disasters, gun violence, rising insurance premiums and political administrations working to annihilate queer people and their families. Lesbian bar owners, like all leaders and entrepreneurs, are imperfect. There have been significant issues over the years at lesbian bars: employee harassment, racism, lack of accessibility, sexual assault and transphobia. All bar owners should be held accountable and should listen to their communities to evolve into safer and more equitable spaces. I also acknowledge my privilege: I am able-bodied, white, cis and from a family system that loves me for who I am. Not everyone has that. Queer people, especially trans and bisexual people, are suffering from disproportionately high levels of depression, and our mental health system isn’t equipped to support them. Immunocompromised people and long COVID are real, and many of my friends are suffering to this day. The people with the least safety net are often the ones for whom a bar closing costs the most. And yet, as we’re seeing with Last Ditch, the queer community often lashes out at each other. It’s also the mainstream media taking the internal conflict and making a mockery out of it, distracting from the real possibility that this bar could close due to financial pressures. A bar that many people loved and needed is facing extinction. Perhaps it’s safer to dissent with one another than with the larger forces trying to eradicate us, but in doing so, we risk destroying the few spaces we have left. Due to the constraints of purity politics—some in good faith, some not so much—lesbian bar owners, almost all of whom are queer women themselves, are forced to be everything for everyone, similarly to how women are forced to be everything for everyone. By asking these bars to uphold impossible standards—standards very few other third spaces are asked to consider—we all end up losing. I want to move as a community toward dialogue, compassionate dissent and collaboration to make our spaces better with the goal of keeping them OPEN and thriving, rather than destroying them from the inside with expectations that are arguably unattainable. Subscribe While I have your attention—for this fleeting second of the news cycle—may I urge us to spearhead a way to keep these small businesses afloat without attacking our own community along the way? Bar owners are left with an impasse: They want to be community-centered, but they also have to make money to keep their doors open. Sometimes they might make business decisions that don’t work for everyone—and that’s partly because different patrons have different priorities and want different things—but these owners deserve the opportunity for productive dialogue**.** We have to work with them and with each other to keep our spaces open, to keep them growing. Lesbian bars raised me into the queer woman I am today. One thing I think about as I reflect on the six years of work we’ve done to document these spaces is that shared, unspoken language I have with a stranger the moment we both walk into one of these bars: the nod, the ease, the not having to explain ourselves. I don’t want to lose that, and neither should you. If objective, nonpartisan, rigorous, LGBTQ-focused journalism is important to you, please consider making a tax-deductible donation through our 501(c)(3) fiscal sponsor, Resource Impact, by clicking this button: Donate
Celtic Get Financial and Business Warning Amid Club Crisis
Celtic have received a warning about the club’s financial and business situation amid the sporting crisis they are going through.The Hoops have just lost their two most recent derbies against Rangers, falling 0-3 on September 13 in the quarter-finals of the Scottish League Cup and falling 0-1 at Parkhead on September 20 on Matchday 7 […] The post Celtic Get Financial and Business Warning Amid Club Crisis appeared first on HEAVY.
‘Where were the controls?’ – Pochettino on Man City charges
Mauricio Pochettino says the Premier League lived through “a period of deception” if Manchester City are found guilty of the financial charges against them.The USA head coach said it would be impo...
Pochettino regrets lack of 'sporting justice' for his ex-Tottenham team amid Man City charges saga
U.S. coach Mauricio Pochettino expressed sadness at an apparent failure of “sporting justice” in his response to reports that Manchester City has been found guilty of almost all of the 115 charges leveled against the club for alleged financial breaches. The alleged rule-breaking by City took place between 2009-18, during which period Pochettino was manager of Tottenham and turned the London team into a challenger for titles in English soccer despite operating on a relatively small budget. The Premier League has yet to officially confirm the verdict that, according to several media outlets, has been passed down by an independent commission following a long-running case.
China offers 15-year research grants to the world’s brightest young scientists
Agency offers scientists under 35 long-term financial backing with no short-term performance reviews but demands physical lab presence.
AB Science’s “Calendar Update” Is a GCP Inspection Disclosure in Disguise
AB Science buried a five-inspector "for cause" GCP inspection inside a financial calendar update. Masitinib's ALS trial and three terminated studies deserve a…
Anthropic warns of ‘existential risks to humanity’ from AI; AstraZeneca makes $2bn cancer drug tie-up
Rolling coverage of the latest economic and financial news