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Netflix Games Suggest a Flat Future for Entertainment
Xbox layoffs, PlayStation's digital-only future, and Netflix video game forecast an increasingly flattened entertainment economy. Unhinged, review.
Latest penalty miss brings up bad omens for Brazil 👻
South American giants Brazil had a massive opportunity to go up 1-0 over opponents Norway during Sunday's Round of 16 clash. But they went on to squander it. Manchester United star Matheus Cunha was b...
Olivia Wilde says Jeff Bridges uses an unhinged technique before emotional scenes
The actress recalls her time working with the Oscar winner on "Tron: Legacy."
Health or Hoax?
Although GLP-1s may cultivate confidence and belonging among gay and bisexual men, they can also reinforce idealized body types that can be unhealthy and socially exclusionary.
Taylor Swift and Travis Kelce's wedding festivities are officially underway as A-listers arrive to MSG
The latest chapter of Taylor Swift and Travis Kelce's love story is officially underway in NYC as celebrity guests like Adam Sandler and Lena Dunham descend on Madison Square Garden.
Gen Z is discovering daytime TV's most unhinged storyline. Deidre Hall is loving every minute.
Even Elle Woods was glued to Marlena's possession. Three decades after the iconic "Days of Our Lives "storyline aired, it's finding new fans — and Deidre Hall couldn't be more thrilled.
Philadelphia Health Department announces Heat Health Emergency ahead of forecast high temps
A Heat Health Emergency has been declared in Philadelphia by the city's health department beginning at 11 a.m. Wednesday, July 1 through 8 p.m. on Saturday, July 4.
The origin story of college football’s most unhinged corner of the internet: Message boards
Message boards are ubiquitous with college sports, and have been since the late 1990s. Here's how it all began.
Parents charged with murder after 7-year-old son died of heart disease at 255 pounds
The young boy was allegedly living on a diet of potato chips, French fries and other unhealthy snacks. One prosecutor described the case as "extraordinary, terrible neglect."
Katy Perry cancels music festival performance at the last minute: 'They gave me no choice'
Katy Perry apologizes after her Werchter Boutique performance was canceled at the last minute, tells fans 'I am just as unhappy as you are.'
Yankees Birthday of the Day: Eric Reyzelman
Celebrating an unheralded Yankees prospect on his 25th birthday!
‘Unhealthy environment’: Arctic researcher Li Xueke leaves the US for Hong Kong
Li is among a growing cohort of US-based researchers moving to Asia as Donald Trump terminates grants for climate-related projects.
As America fights over food, this woman speaks for the unheard
Vanessa Rissetto, a dietician and \
👀 Brazil learn first World Cup knockout opponents
The Brazil National Team already knows who it will face in the FIFA World Cup Round of 32.Vini Jr., Matheus Cunha & Co. will take on Japan in their first knockout match of the World Cup. Japan finish...
Shohei Ohtani calls his own pitches vs. Twins after apparent dispute with catcher Dalton Rushing
Trump to Meet With G.O.P. Senators Amid New Divisions
The president has been unhappy with pushback from Republican senators and a resistance to abandoning the filibuster to pass new voting restrictions.
NBA Draft first round reaction: Winners! Losers! Surprises! Steals!
Netflix’s next TV gaming experiment will scare the hell out of you
It’s out on June 30th.
Why Healthy People Often Become The Problem In Unhealthy Systems
Whether in families, workplaces, or friendships, the person who challenges dysfunctional norms is often blamed for disrupting the status quo.
Move over, Paul Dano: Quentin Tarantino will star in new film
Quentin Tarantino continues delaying his plan to retire from directing, opting instead to step in front of the camera for 'Tangled Up in Blue.' He will star alongside Kylie Minogue, Allison Williams, Jason Isaacs, Sofia Boutella, and Wu-Tang Clan rapper RZA.
New York Giants' Unheralded Weapon is Already Surprising Everyone
This New York Giants wide receiver has been a big surprise during the team's offseason program.
Boyle Heights warehouse fire causing health concerns
Air quality remains unhealthy in areas surrounding the warehouse burning in Boyle Heights, five days after the cold storage facility caught fire. Los Angeles County Public Health officials have iss…
The Carolina Hurricanes Stanley Cup Parade Was Magnificently Unhinged
A Mikko Rantanen sweater was thrown into the parade path (and stomped on by fans), and three of the featured […]
New Listening Mothers survey: Pregnant patients struggling on Medicaid
A national maternal health survey found many mothers felt unheard during pregnancy and birth, with Medicaid patients reporting worse outcomes.
Manchester United’s Cunha scores twice as Brazil cruise past Haiti
Manchester United forward Matheus Cunha scored twice as Brazil cruised past Haiti in Friday’s important World Cup match. The Selecao came under criticism after their lacklustre display in their ope...
4 SC Lowcountry restaurants got low health scores in May. See if they solved their issues
Four SC Lowcountry restaurants got low health scores in May. See if they solved their issues.
Andrew Rannells reveals brief romance with Anderson Cooper inspired 'Girls' storyline
Andrew Rannells says he briefly dated Anderson Cooper when he was 25, and told 'Girls' showrunners Lena Dunham and Jenni Konner about the fling.
Yoshinobu Yamamoto is near unhittable in blowout Dodgers win
Yoshinobu Yamamoto nearly made history, but eight-plus innings of one-run ball will do in a blowout Dodgers win
Bran flakes could be classed as junk food under new guidelines to promote healthy eating
UK government wants to update nutrition rules to include naturally occurring ‘free sugars’ when determining what is unhealthy
Wages Are Falling. Wealth Is Surging. No Wonder Americans Are Unhappy.
As Elon Musk became the world’s first trillionaire, workers are facing higher prices and fears of A.I.-driven job losses.
Where Trump has lost support with independents, according to AP-NORC polling
Independents have grown increasingly unhappy with President Donald Trump during his second term, a new AP-NORC polling analysis finds, particularly those without a college degree.
Olivia Rodrigo's new album, Steven Spielberg's latest UFO film, and “Every Year After” top this week's Must List
James Ellroy's "Red Sheet" and Lena Dunham's "Famesick" round out our picks for the weekend of June 12.
Fisa spy powers almost certain to expire after Congress fails to act
Law due to expire at midnight tonight following unhappiness over Trump’s pick for intelligence chief
What's New in the iOS 27 Photos App
The Photos app is one of a handful of apps that Apple paid extra attention to in iOS 27. It has multiple improvements to performance, and several quality-of-life upgrades. There are also new AI photo editing tools that use Apple Intelligence. AI Tools There is a set of AI photo editing tools in the Photos app, accessible by tapping on the icon featuring three sliders, and then selecting the Apple Intelligence icon labeled "Tools".
A $25 million lifeline in Philly for unhoused drug users with major health challenges
After years bouncing between emergency rooms and the street, patients get wraparound services through Project HOME’s recovery collaborative.
9 inmates sue San Francisco, alleging jail conditions led to serious health problems
According to the lawsuit, the women are experiencing unhealthy conditions compared to male inmates at the county jail. It also alleges a lack of exposure to "direct sunlight," leading to multiple health issues.
Palantir's Karp says businesses are 'unhappy' with the frontier AI labs
Palantir CEO Alex Karp says AI will drive the most important political decisions in the U.S. and shouldn't be decided by party lines.
Q&A: When is screen time healthy and when is it not?
Screen time is blamed for a lot of unhealthy outcomes, especially among children, but screen time can be used for a variety of things, from doom scrolling to learning and more. In this Q&A, Penn State researchers explain how people can consider what constitutes healthy or unhealthy screen use.
Golden Knights regain Finals lead despite late flair for the dramatics
The only word that could properly describe the 2026 Stanley Cup Final so far would be unhinged and Game 3 was easily the craziest game of a classic series.
Dbacks Split! Dbacks 3, Dodgers 2
The Dbacks were able to split the series with the Dodgers Thursday night thanks to some late inning heroics from none other than Ketel Marte and some terrific pitching from Ryne Nelson and the bullpen. The Dbacks offense was stymied once again for 7 innings until Corbin Carrol hit a home run in the 8th […]
Numerous Man United youngsters receive international honours
Manchester United have numerous senior players who will be going to the World Cup this summer.Senior call-upsBruno Fernandes and Diogo Dalot will represent Portugal while Casemiro and Matheus Cunha wi...
Why Lebanon’s unhealed wounds pose a mortal threat to Trump’s Iran dealmaking
It was a day that showed why the Middle East’s generational hatreds are so often treacherous for American presidents.
Patriots HC Mike Vrabel Under Unheard-Of Pressure During OTAs
New England Patriots head coach Miek Vrabel has a big test for his career coming up during mandatory minicamp in June.
Nutrition professor fights against unhealthy habits
Barry Popkin’s groundbreaking research on the dangers of sugary drinks, processed foods and inactivity has improved lives worldwide.
Everybody Plays Adaptive Sports Field Day showcases sports opportunities for all
Lester Bennett II of Munhall feels like he was baptized as an adult while water skiing in the Allegheny River. “When I fell in that water and kept...
This Raunchy, Unhinged Show Is Climbing Netflix’s Charts & Sparking Major Debate Among Viewers
Season two of this Netflix series just premiered and it's already stirring up major debate among viewers. Here is why the dark comedy is dividing audiences and whether it is worth adding to your watchlist.
RWJBarnabas Health Launches NJ’s First Ever Street Medicine Program
RWJBarnabas Health has launched New Jersey’s first Street Medicine Program at Trinitas Regional Medical Center to bring essential care and services directly to unhoused individuals across the City of Elizabeth with the goal of expanding to other areas in the state to improve access to care among a particularly vulnerable population.
This Indian youth party started as satire. Then it got serious.
The movement's growth reflects the depth of frustration of a generation that feels unseen and unheard.
NYC Health + Hospitals to Open Second Bridge to Home Facility in Brooklyn to Expand Transitional Housing Program for Unhoused New Yorkers Diagnosed with Serious Mental Illness - NYC Health + Hospitals
New York, NY – NYC Health + Hospitals today announced that it will expand the Bridge to Home program to Brooklyn, building on the success of the program's
Platner leads Collins in UNH poll
Broken down by party, 91% of Democrats would vote for Platner and 87% for Collins. Independents are divided, with 47% choosing Collins and 44% Platner, the pollsters noted.
Trump couldn't kill Obamacare, so he made it more expensive
The increasing costs for health care – which were forecasted with tenacious but unheeded warnings last year – have Americans paying more for less.
Samsung under fire for leaving the best One UI 8.5 feature out of the Galaxy S23 series
Galaxy S23 owners are very unhappy about missing a crucial Android issue from the latest One UI update.
Türkiye Health Sector Achievements 2026
Infographic in English on Türkiye about Health; published on 25 May 2026 by UNHCR
Destiny 2 players share their memories and reviews - positive and negative - as Bungie calls time
Bungie fans are battling it out on Destiny 2's Steam page, where unhappy fans are mounting a negative review campaign, and supporters are mitigating it.
From Kharkiv to the UK’s health service: Ukrainian doctor rebuilds her life – and helps others do the same
On 23 February 2022, in her home city of Kharkiv, Dr Inna Soldatenko finished work, collected her daughter from school, cooked dinner and prepared a lecture for her students. The next morning, she awoke to explosions.
She's 'unhinged.' He's a cowboy with a soft side. 'Dutton Ranch' has 'Yellowstone' fans falling for Beth and Rip all over again.
"Dutton Ranch" stars Kelly Reilly and Cole Hauser say Beth and Rip's relationship works because it isn't perfect — and fans agree.
RWJBarnabas Health Launches NJ’s First Ever Street Medicine Program to Serve Unhoused Population, Deliver Critical Care and Lowe
RWJBarnabas Health today launched New Jersey’s first Street Medicine Program at Trinitas Regional Medical Center (TRMC) to bring essential care and services directly to unhoused individuals across the City of Elizabeth with the goal of expanding to other areas in the state to improve access to care among a particularly vulnerable population.
This Scholar Takes Oregon’s Universal Health Care Dreams Seriously. Should We?
Chunhuei Chi is working on a plan that in much of the developed world sounds essentially banal, but to many Americans sounds so audacious as to be absurd.
Dexter Students Shine at Local Science Olympiad - The Sun Times News
By Marissa Dunham, Chrissy Hladky, and Rob Hladky On Saturday, May 9, over 2000 students from forty local elementary schools participated in a fun day of learning and competition at the Washtenaw County Science Olympiad (WESO), held at Pioneer High School in Ann Arbor. WESO was founded in 2002 and is an annual event offering ... Read more
A Roanoke Ministry says it’s Helping the Unhoused. Business Owners say Downtown is Paying the Price
After Roanoke upheld zoning violations against The Least of These Ministry, supporters, business owners and unhoused residents offered sharply different visions for what downtown should become. Roanoke, VA Author: Roanoke Rambler Staff Published: 2:05 AM EST May 20, 2026 Edited: 2:07 AM EST May 20, 2026 Tears, frustration,
New Exhibit at International Museum of Surgical Science Highlights Role of Filipino Nurses in Healthcare
“Unheard Voices of Care: Filipino Nurses in America” runs until Aug. 2 at the International Museum of Surgical Science. The exhibit highlights stories of Filipino nurses from the 1940s to present day.
Rory McIlroy, Shane Lowry Both Whine About PGA Championship Setup
Rory McIlroy and Shane Lowry were both unhappy with the conditions at the 2026 PGA Championship. McIlroy, who has won back-to-back Masters championships, sounded off on the conditions at the Pennsylvania course over the weekend. "I think a bunched leaderboard like this, I think it's a sign of a ...
Q&A: Georgia sports physician shares soccer safety tips before the World Cup
As World Cup excitement builds, Dr. R. Amadeus Mason shares tips to help recreational soccer players prevent injuries, train safely and stay healthy on the field.
Adam Driver has cheeky response when asked for comment on Lena Dunham's bombshell book
Adam Driver was asked about Lena Dunham's bombshell memoir, which included several claims about his alleged behavior on the set of 'Girls,' at Cannes.
Adam Driver Brushes Off Lena Dunham Memoir Question in Cannes: ‘I’m Saving It All for My Book’
Adam Driver may be known for leading critically acclaimed films like “BlacKkKlansman” and blockbusters like “Star Wars,” but his career first gained steam on TV in Lena Dunham’s HBO series “Girls.” Th...
I quit Google after 18 years. I felt pressured to adopt AI too quickly
A man who worked at Google for nearly 20 years quit because he felt unhappy with its AI policy.
Letters – President Trump, media vitriol and political violence
Readers respond to a column by Talmage Boston on the media, assassinations and unhinged rage
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
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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