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Apple ‘Hide My Email’ Vulnerability Reveals Peoples’ Real Email Addresses
”Hide My Email users deserve to know that it may be possible for attackers to discover their hidden email addresses,” the person who reported the issue said.
CitrixBleed To Infinity And Beyond (Citrix NetScaler Pre-Auth Memory Overread CVE-2026-8451)
Well, well, well - once again, the cat has dragged us in, and spat us out. Today, we find ourselves questioning the reality we sit within. Must it be so predictable, and why us? “But watchTowr, what do you mean?” Well, if you’re here, you likely fit into one of
Nintendo Switch 2 Owners Face a New Hardware Lottery, as Upgraded LCD Revision Could Split Buyers Into Winners and Losers
A new Nintendo Switch 2 LCD panel leak points to a hardware revision potentially fixing the handheld's ghosting issues.
Accessory Company Yanks Companion Cube Steam Machine Case Because It Never Actually Asked Valve For Permission
“We’re going to regret that decision for a very long time”
Meta Summer Sale Offers Massive Savings On Hundreds Of Quest Games
Meta Horizon Store's "Peak Summer Sale" is on, offering major savings on hundreds of Quest, games, apps, and DLC. Here are some of the best deals.
Are ghosts real? What top scientists secretly found will shock you - Futura-Sciences
The Enigma of Cryptozoology Cryptozoology is the study of animals whose existence hasn’t been scientifically proven. Think about it: creatures like the Yeti, the Loch Ness Monster, or the giant squid. Sometimes these beings seem straight out of outlandish legends—a touch of myth, a dash of curiosity, and a sprinkle...
Steam Summer Sale Offers Discounts On Hundreds of VR Games
Steam's Summer Sale is offering massive discounts on hundreds of VR titles right now.
Triller ghosts workers and stakes its future on SpaceX
A group of employees at Triller, a media upstart, said they haven't been paid in a year or heard from their bosses in months.
Astronomers trace a ghostly cosmic particle to distant ‘Shadow Blaster’ galaxy
Scientists still don’t know where ghostly particles called neutrinos originate. A distant galaxy could be a potential source.
40+ Steam Summer Sale Games That Are Just $10 Or Less
You can get Dead Island 2, Devil May Cry 5, The Witcher 3, and Ghostwire Tokyo for just $20 right now on Steam
From the Beginning, Politics Triggered Broadcasting
Media scholars argued that politics, not technology, shaped American broadcasting from 1927 on, repeatedly shielding incumbents from competition.
Konami Suing Over Massive Metal Gear Solid 2 Source Code Leak
Konami wants to find out who leaked its source code
NMSU research program helps computer science students picture a Ph.D. path
NMSU computer science students joined a national undergraduate research program that helps students explore research careers and prepare for graduate school.
DOJ may be able to release potentially embarrassing Biden audio recordings unless courts step in
Former President Joe Biden is in an uphill battle to try to stop the Justice Department from sharing recordings it collected of him speaking to his ghostwriter in 2016 and 2017, during which his speech and memory faltered.
Science Saru's New 'Ghost In The Shell' Takes Shape In Annecy
At Annecy, the studio detailed its manga-inspired approach, handcrafted production pipeline, and rejection of GenAI tools.
California Gothic bus tour from New Theater Hollywood haunts the city
New Theater Hollywood's 'California Gothic: A Bus Tour' periodically invites riders to meet ghostly street performers and ponder the death of the California dream.
Undav as a starter? 'Definitely a possibility,' Nageslsmann says
Deniz Undav's thrilling performance in Germany's 2-1 win against Ivory Coast on Saturday reignited the debate whether he should be in the starting line-up. Undav came from the bench and scored twice in the comeback win as Germany exorcized the ghosts of 2018 and 2022 by making the men's World Cup knock-outs for first time since 2014.
Warner says Iran war is driving up Virginia costs, warns Trump is playing politics with intelligence post
Senator points to higher fertilizer and energy prices, touts housing bill and warns of risks to elections and kids online
Congressman Rob Wittman talks war and politics on 'Untold' podcast
From Virginia Tech to Capitol Square to the Halls of the United States Congress, Rob Wittman has made his career in public service. Rep. Wittman sat down with Catie Beck on the latest episode of 'Untold - A WTVR Podcast' to talk politics and war, and he provided details about one
If AI Is Sentient Then So Is ‘Age of Empires II’
“The point of the paper is to formally show that we anthropomorphise too readily."
This Ghost in the Shell keyboard makes me want to activate the hundred spidery robot fingers inside my regular fingers
Ghost in the Shell: Stand Alone Keyboard
Game Developers Neither Surprised Nor Delighted To Learn That Unreal Engine 6 Will Be Filled With AI Garbage
“All of the UE6 stuff is really exciting news if your idea of a video game is turning it into shitty Roblox-core slurry for Fortnite"
'Lilo & Stitch' and 'The Ring' star Daveigh Chase dies at 35: report
Daveigh Chase, the former child actress who voiced Lilo in 'Lilo & Stitch' and portrayed the central young ghost in 'The Ring,' has reportedly died at 35.
Albertsons Media Collective unveils industry-first branded entertainment model
The Minivela drama Rico’s Tacos launches June 23
The James Bond of First Light Is Hot In A Grown Up Way
He is honestly so, so, so hot I find it absolutely distracting.
Qualcomm Announces Snapdragon Reality Elite, Its New Flagship XR Chipset
Qualcomm just announced Snapdragon Reality Elite, its new flagship XR chipset, and it will debut in the compute puck of Xreal's Aura Android XR device this fall.
Snap Opens Preorders For Specs, True AR Glasses Shipping This Fall For $2195
Snap just officially revealed and opened preorders for Specs, fully standalone true AR glasses shipping this fall in the US, UK, and France for $2195.
Watch the trailer for ‘Ghost in the Shell,’ the new anime adaptation coming to Prime Video 7 July
Steam Next Fest June 2026: Here Are The Featured PC VR Demos
Steam Next Fest starts today, and here's a full list of new PC VR demos available.
Las Cruces library invites students to showcase science fair projects
Las Cruces Public Libraries will host Science Fair Summer from June 22-27 at Thomas Branigan Memorial Library.
Commentary: ‘Scary Movie’ cements Hollywood’s spoof comedy renaissance
When "Scream 7" arrived in theaters in February, the Ghostface turning heads wasn’t from the horror hit itself but from "Scary Movie." The trailer for the long-running parody series’ sixth
Mysterious Amazonian ‘ghost dog’ caught on camera
This wild short-eared canine is not your average pup.
Santa Monica Floral Studio Hosts Sound + Flower Wellness Event
Viola Floral in Santa Monica hosted a wellness event combining live flower arranging with crystal sound bowl healing for Mental Health Awareness Month on May 20.
NMSU helps launch biotech game that lets students explore science careers
NMSU and UConn Extension developed a free 4-H biotech game that lets students explore 10 science careers through hands-on tasks.
Blizzard Sues To Take Down Another Private World of Warcraft Server, Project Ascension
Blizzard shut down a different, popular player-run server, Turtle Wow, in April
One of fall's coolest games has been delayed to October to avoid a September crush
Last Sunday, a trailer that aired during an online Xbox event showed Valor Mortis, an upcoming action game that re-imagines the age of Napoleonic wars as a conflict with the plague-ridden undead. It’s a first-person game that mixes Dark Souls-style combat with parkour—it’s from the developers of the acclaimed, fast-paced cyberpunk wall-running Ghostrunner games—and a setting like nothing else that’s out there. Valor Mortis’ trailer concluded with a release date: September 24. But by the time it aired, the teams behind the game knew that was no longer Valor Mortis’ release date. Days ago, they’d learned the hard way that September 24 would be untenable and that they’d have to change it. Today, they’ve announced a new one, October 13, after speaking to Game File about getting out of the bind they recently found themselves in. “When we picked September 24th, it looked like a very, very clear date,” Blake Rochkind, head of publisher Lyrical Games, told me during an impromptu interview on Monday in Los Angeles. “Very quickly it became not such a clear date.” Lyrical and development studio One More Level had a feeling the deate might need to change, Rochkind recalled. But they had to lock in September 24 “many, many weeks” ago. Really, though, who could know if that was the right call when they made it? “There were so many unknowns,” Rochkind said. “This was before Sony State of Play, before Xbox Showcase, before Nintendo Direct, before Summer Games Fest.” Then on Tuesday, June 2, during a PlayStation showcase held just five days before their planned release date reveal, things changed. “As soon as Control announced September 24th, we knew we were moving the date.” It wasn’t just the PlayStation showcase reveal of the release date for Remedy’s upcoming third-person thriller. There were others. And changing their own trailer this close to its airing, Rochkind would later tell me, wasn’t possible.
Chatbots Keep Telling Stories About Lighthouse Keeper 'Elias Thorne'. We Might Know Why
LLMs including ChatGPT, Gemini and Claude are obsessed with telling stories about lighthouse keepers and clockmakers, and one character named 'Elias Thorne' has made his way from chatbots to Amazon books. Researchers are trying to discover why.
Ubisoft Embargoes Journalists Reporting On Latest Round Of Layoffs
This is not typically what embargoes are for
An underground detector in China unveils its first major findings about mysterious ghost particles
A massive underground detector aimed at understanding the mysterious ghost particles in our universe has released its first major findings.
Divers Capture Incredible First-Ever Underwater Footage Of A Great White Shark In The Mediterranean While Clearing Up Abandoned Nets
The divers were removing so-called "ghost nets" from a shipwreck in the Strait of Sicily when the enigmatic creature paid them a rare visit.
Yoshi and the Mysterious Book Is A Science Experiment
What does that do? Try it and find out.
Japanese Gothic is a gorgeously grotesque ghost story
Ghosts, time travel, and “ropes of intestines.”
Feels Bad, Man
Misgivings about an upcoming game is a new, uncomfortable sensation for Yakuza fans
People are battling 'ghost fat' after losing weight on GLP-1s
Sometimes, seeing isn't believing.
Nobody Is Happy That Yakuza Studio’s Next Game Is Performing Digital Necromancy On Tupac
"I love RGG, and I love hip-hop, and I absolutely hate everything they're doing with this angle"
Satya Nadella ‘Not Sure’ Who Said Microsoft Wanted to Make Addictive AI, Is Looking for Guy Who Did This
Microsoft's CEO seems unaware of what's going on at his own company.
Google Employees Internally Share Memes About How Its AI Sucks
Google’s CEO says 75% of the company’s code is AI-generated. The people who write that code say the AI they’re using is overhyped.
Charter Revision Politics: A Primer
What Mayor Mamdani’s COGE might accomplish — and why changing the charter has become so common and so complicated
NEW: Rethinking Political Change in Iran From Protest to War
Mohammad Ali Kadivar on Iran's protests and political culture
Rethinking Political Change in Iran from Protest to War
One month before the United States and Israel began the current war against Iran on February 28, 2026, mass uprisings within the country resulted in the severest government crackdown in its modern history. Protests and repression were accompanied by calls for outside intervention. US President Donald Trump declared on January
Google Is Quietly Buying Code From Play Store Developers to Train AI
Google is trying to buy code from some Android developers as part of a "confidential" program.
Microsoft Wants to 'Make People Addicted' to its New AI Assistant, Internal Documents Reveal
Planning documents for "Scout" say the plan is to "make people addicted" to the tool before adding new features.
Sony's Disappointing PS5 Generation Captured In One Chart
First-party sales have slumped amid long development times and scrapped projects
Scientists Think a Cosmic Particle Accelerator Shot a Mystery Particle Right at Earth
A gigantic "blazar" may have fired a beam of light-speed particles at our planet, creating a 2023 "ghost particle" detection.
PlayStation First-Party Game Sales Have Declined Over the Past 5 Years, Although Ghost of Yotei Helped Reverse the Trend
On the eve of Sony’s crucial State of Play showcase, new data has revealed a steady decline in first-party PlayStation game sales over the past five years, although 2025's Ghost of Yotei helped reverse the trend.
Graham Platner And The New Politics Of Character
Washington’s political and media class keeps trying to make Platner’s personal controversies the story. Voters may be focused on a bigger scandal.
Ghost in the Machine review – entertaining AI polemic dives into its dark history in race politics and eugenics
The roots of AI in rightwing ideology is examined in Valerie Veatch’s enjoyable doc, including an array of colourful, often crazed, figures
Stronghold Scores Comfortably In Triple Bend
Stronghold struck for his first graded stakes victory since the 2024 Santa Derby (G1) when cruised home by 2 1/2 lengths in the $100,000 Triple Bend (G3) Sunday at Santa Anita. Ridden by Antonio Fresu for trainer Phil D'Amato, the 5-yar-old son of Ghostzapper notched his second win from as many ...
Adam Rowe is writing a new book about science fiction art
His first, Worlds Beyond Time: Sci-Fi Art of the 1970s, is a fantastic book
GOP's anti-"woke" playbook faces ultimate test in Texas
James Talarico is a test of whether Democrats can finally escape the ghosts of 2020.
Behavioural science has a practical lesson for us to fight back against transphobia
The behavioural science concept of ‘extinction bursts’ might be useful for the Trans+ community
Watch veteran entertainment attorney Loren Plotkin accept his 2026 Tony Honor
Plotkin looks back on five decades of theatrical advocacy.
PlayStation’s Days of Play Sale: Both Ghost of Yotei and Ghost of Tsushima Just Hit Their Lowest Prices Ever, and Even the Collector’s Edition Is $100 Off
During PlayStation's Days of Play sale, Ghost of Yotei and Ghost of Tsushima have both seen big discounts that's dropped their prices to $49 and $29, respectively.
Biden's ghostwriter tapes lawsuit all about 'politics': Juan Williams
Fox News senior political analyst Juan Williams discusses why former President Joe Biden is suing the Justice Department to block the release of audio recordings on 'Special Report.'
Sony is offering up to 50 percent off some of our favorite PS5 games
Including the excellent Ghost of Yōtei.
No Man's Sky's 'The Swarm' Update Promises Its Biggest Space Battles Yet
No Man's Sky sends the entire player community to war against an intergalactic threat in its latest update.
Biden sues to stop Justice Department from releasing interview recordings
Former President Joe Biden is suing to block the House Judiciary Committee from obtaining, and potentially releasing, audio recordings and transcripts of conversations in 2016 and 2017 with the ghostwriter of his memoir.
PS Store Days of Play Sale Live Now with 2,000+ PS5 Game Deals
RE Requiem! Ghost of Yotei! Dispatch!
Workers At TheGamer Say Site’s New Pay-Per-Session Contract Is ‘Heartbreaking’
Under a new payment system, writers at Valnet-owned TheGamer would no longer be guaranteed consistent pay for their work
What Norway’s dominance at the Winter Olympics can teach us about youth sports
The country’s focus for young people on ‘the joy of sport’ leads to much higher participation rates – and lots of Olympic gold Barry Finegold, CommonWealth Beacon EVERY CYCLE OF the Winter Olympics brings a familiar but uncomfortable storyline: The United States, with its vast population, enormous resources, and deep
Henrico Small Business Spotlight: Wild Harmony Landscapes
Andy Wessel is in the business of changing minds. With Wild Harmony Landscapes as his vessel, he is hoping to bridge the gap between landscaping and environmental responsibility. Wessel was landscaping on and off for decades before starting his own company. But working for traditional landscaping businesses was what finally
Ghost CMS SQL injection flaw exploited in large-scale ClickFix campaign
A large-scale campaign is exploiting a critical SQL injection vulnerability (CVE-2026-26980) in Ghost CMS to inject malicious JavaScript code that triggers ClickFix attack flows.
Destiny 3 Petition is Blowing Up
Following recent development news about Destiny 3 and potential layoffs at Bungie, fans petition Sony to greenlight the threequel.
Snap Specs True AR Glasses Reportedly Launch This Fall For Around $2500
The Snap Specs standalone true AR glasses will launch this fall, veteran tech journalist Alex Heath reports, priced around $2500.
Forza Horizon 6 Is A Difficult Game To Be Around
'There is one hell of a driving game here to enjoy, so long as you're left in peace to enjoy it'
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,
Scientists finally uncover why old buildings feel creepy, and it has nothing to do with haunted spirits
Many of us have felt an odd sensation when entering an old building. It's not ghosts. In fact, there's a very cool scientific explanation.
Scientists discover over 1,100 new marine species
Scientists have named 1,121 new marine species in a single year - from deep-sea ghost sharks to cave shrimp off Marseille.
From ‘ghost sharks’ to ‘death ball’ sponges: Scientists find more than 1,100 wild and unusual ocean species
The Ocean Census project says scientists have discovered 1,121 previously unknown species in a single year. The rush is on to save them as risks to the world’s oceans multiply
Scientists Discover Over A Thousand New Ocean Species In Landmark Deep Sea Exploration
From deep sea ghost sharks to symbiotic worms and unusual crustaceans, scientists have identified 1,121 new marine species in a single year through the Ocean Census initiative.
Photos reveal strange sea creatures that scientists have never seen before
Scientists say they’ve found more than 1,100 new marine species over the last year, emphasizing how unexplored the ocean really is.
Quantum ghost imaging works using only sunlight in stunning new experiment
Scientists have achieved something that once sounded almost impossible: using ordinary sunlight to create quantum-linked photon pairs, a phenomenon normally dependent on precise laboratory lasers. By building a sun-tracking system that funnels sunlight through optical fiber into a special crystal, researchers generated strongly correlated photons capable of performing “ghost imaging,” where images are reconstructed indirectly through quantum correlations. Remarkably, the sunlight-powered setup produced image quality close to that of a traditional laser system, even recreating detailed images like a “ghost face.”
Opinion | ‘Ghost networks’ make finding mental health care harder
State should enforce law requiring insurers to maintain accurate provider directories
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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It’s Thursday, May 7. This is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. Today: Aaron MacLean says Trump is poised to snatch defeat from the jaws of victory in the Iran war. Joe Klein on the life of CNN founder Ted Turner. Jillian Lederman on why cruise ships are here to stay. And much more. But first: Is the FDA suppressing science? On Tuesday, The New York Times published a story with an alarming takeaway. “FDA Blocked Publication of Research Finding Covid and Shingles Vaccines Were Safe,” read the headline. It is the latest in a string of stories that all have the same message: The Food and Drug Administration (FDA), and other agencies, are engaged in a cover-up—and silencing scientists trying to get the word out about the Covid vaccine. What all these stories suggest—some more subtly than others—is that the outsiders now running the public health establishment, officials such as Marty Makary at the FDA and Jay Bhattacharya at the National Institutes of Health, are on a revenge tour. That they are doing harm to the country to get back at the scientists and bureaucrats who ostracized them for deviating from the public-health consensus during the pandemic. It’s a seductive narrative. But is it true? That’s the question we address in our latest editorial. —The Editors Read [ Marty Makary's FDA Has All the Right Enemies ](https://www.thefp.com/p/marty-makary-vaccine-study-fda) [ Trump Blinks First ](https://www.thefp.com/p/iran-peace-deal-pakistan-trump-strait-of-hormuz) Aaron MacLean In return for no detectable concessions, President Trump this week gave up on forcing open the Strait of Hormuz. Now, the Trump administration looks desperate for a deal to end the war with Iran. It’s easy to understand the desire to end the war, but are they blowing the chance at victory? Aaron MacLean makes sense of the administration’s latest moves—and Iran’s response—in his column today. Read full story Aaron MacLean and Niall Ferguson: Live in New York City Join Aaron MacLean and Niall Ferguson on May 19 for a live recording of School of War at the iconic New York Historical. In a conversation as timely as it is wide-ranging, Aaron and Niall will explore the strategic stakes of the moment, including the Middle East, China, and the future of American leadership on the global stage. Get Tickets Now [ Ted Turner, the Optimist Who Built CNN ](https://www.thefp.com/p/ted-turner-cnn-tribute) Joe Klein The man who gave us CNN and the 24-hour news cycle, Ted Turner, died Wednesday at the age of 87. Today, political writer Joe Klein—who almost ghostwrote Turner’s autobiography—remembers his friend, the American media mogul who stood out for his idealism and lack of a filter—something that got Turner in trouble more than once. “His was not a traditional intelligence, but one of horizon: Ted saw things before other people did,” Joe writes. Read full story [ Nothing Can Sink the Cruise Ship ](https://www.thefp.com/p/cruise-ship-hantavirus) Jillian Lederman A viral outbreak on a cruise ship that left three passengers dead has left some people wondering: Are cruise ships on the way out? Not so fast, says Jillian Lederman, who has been on many a cruise herself. Read her piece on why 38 million people a year take a cruise—and aren’t about to stop. Read full story [ The Great Writers Who Were Terrible People ](https://www.thefp.com/p/the-great-writers-who-were-terrible) Shilo Brooks Throughout history, some of the greatest literary geniuses have also been immoral bigots. In the latest episode of Old School, Shilo Brooks is joined by Eli Lake for a conversation about those geniuses, from Voltaire to Norman Mailer and Roald Dahl—and why we should read their work despite their odious prejudices. Listen on MORE FROM THE FREE PRESS [ Inside the Digital Intifada ](https://www.thefp.com/p/digital-intifada-social-media-hamas-terror) Warren Kinsella Read full story [ This Week in American History: Trump’s Over-Arching Problem ](https://www.thefp.com/p/this-week-in-american-history-trumps-over-arching-problem) Jonathan Horn Read full story [ Humanity Is Still Evolving—and Fast ](https://www.thefp.com/p/humanity-is-still-evolvingand-fast) Razib Khan Read full story THE NEWS Thirteen D.C. Metropolitan Police officers have been placed on administrative leave and could face termination after an internal investigation found evidence that crime statistics were manipulated to make the city look safer. The Republican-led House Oversight Committee previously alleged that former D.C. police chief Pamela Smith pressured officers to skew data. Tennessee Republicans unveiled a redrawn U.S. House map yesterday that would split up Memphis’s black-majority Democratic district, the latest move in a nationwide push to redraw congressional boundaries ahead of the midterms. The effort follows a Supreme Court ruling last week on Louisiana’s districts, which Tennessee House Speaker Cameron Sexton said gave states the green light to redraw maps along partisan lines. Israel struck Beirut for the first time since a ceasefire with Hezbollah took effect last month, saying it targeted a commander of the militant group’s elite Radwan force in the city’s southern suburbs. The strikes risk destabilizing that truce at a delicate moment, as Iran and the U.S. report progress toward a deal to resolve their own standoff. The U.S. Air Force is aiming for a Fourth of July delivery of a Boeing 747 gifted by Qatar, hoping to add it to the Air Force One fleet in time for the U.S.’s 250th anniversary, Reuters reported. (For more on the controversy surrounding the aircraft, read Jed Rubenfeld’s piece “It’s a Terrible Idea, but Trump Probably Can Accept a Free Jet from Qatar.”) Commerce Secretary Howard Lutnick testified privately before Congress that he has no memory of why he and his family dined on Jeffrey Epstein’s private island in 2012, according to Reuters. The admission contradicts Lutnick’s earlier claim that he had cut ties with the convicted sex offender well before that visit. Weeks before a former JPMorgan investment banker filed a lawsuit packed with explosive allegations, the bank reportedly offered him $1 million to settle his sexual assault and harassment claims, according to The Wall Street Journal. The suit, filed by Chirayu Rana, alleges he was sexually assaulted by a female colleague, subjected to racial discrimination, and forced into a degrading dynamic at work. JPMorgan says the claims lack merit, and the female colleague’s lawyers call the accusations fabricated. A new report from the Hartford Institute for Religion Research shows that, for the first time in roughly 20 years, church attendance is trending upward, with more people volunteering and clergy expressing renewed optimism. The study’s authors described the findings, based on a survey of more than 7,400 congregations, as showing signs of widespread recovery from low attendance numbers.
Man Finds $1 Million Worth of Yu-Gi-Oh Cards in a Dumpster
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