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‘A tsunami and an earthquake’: Rural health care braces for Medicaid cuts
North Shore Health and other health care providers are bracing for the effects of H.R. 1, also known as the One Big Beautiful Bill Act. Changes to Medicaid from the new law are being phased in over several years, with some provisions extending into 2028. In Minnesota, however, some eligibility restrictions took effect Oct. 1....
NC treasurer: Atrium affordability program could bankrupt state employees’ health plan
State Health Plan officials say Atrium's new affordability program is "trickery" that will drive up costs for plan members and taxpayers
Family, football and Dalglish - what drives NI boss McArdle?
BBC Sport NI's Andy Gray sits down with Northern Ireland manager Michael McArdle to discuss his long career ahead of his biggest managerial test in the World Cup play-offs.
North Bend Mayoral Candidates address the business community at recent forum
Candidate forums continued at the Bay Area Chamber of Commerce’s (BACC) Business Connection Luncheons on Wednesday September 30, 2026. This week, the chamber hosted current North Bend Mayor Jessica Engelke,
Woman hospitalized after truck crashes into northwest Miami-Dade business
A vehicle crashed into a business in northwest Miami-Dade County on Tuesday afternoon.
Policy Before Politics
North Dakota Farmers Union President Matt Perdue wants to see action on the farm bill. “We have to find common[more]
EB Games Is Opening North America's First-Ever Nintendo "Store-Within-A-Store" Experience
A "new permanent Nintendo space" arrives later this month
Pokémon Fossil Museum exhibit coming to Denver Museum of Nature and Science
In 2026, the exhibit of life-sized fossil Pokémon models made its North American debut in Chicago, and it will make a stop in Denver next year.
Bengoa: Ten years on how much further forward is Northern Ireland's health care system?
Hospital waiting lists, access to GPs and the state of social care suggest the job is far from finished.
Eva Marie Saint, star of 'North by Northwest' and 'On the Waterfront,' dies at 102
Oscar winner Eva Marie Saint has died at the age of 102 | Newsradio 1140 WRVA
Hollywood icon Eva Marie Saint dies at 102
Eva Marie Saint, the Oscar-winning actress known for her roles in ‘On the Waterfront’ and ‘North by Northwest,’ has died at 102.
Eva Marie Saint dead: 'North by Northwest,' 'On the Waterfront' actor dies
Eva Marie Saint, a graceful actor best known for her Oscar-winning film debut in 'On the Waterfront' and for her turn as a sultry spy in another 1950s film classic 'North by Northwest,' died Tuesday. She was 102.
2026-27 NBA Season Preview: Thunder, Nuggets, Timberwolves, Trail Blazers, Jazz (Northwest Division)
Whit Fosburgh Misstates Menhaden Science on Qualified Captain Podcast and Overlooks American Fishing Families
WASHINGTON, D.C. / ACCESS Newswire / October 6, 2026 / The Qualified Captain is a North Carolina-based boating and maritime interview podcast hosted by Aaron Stasiak. On the podcast, Stasiak
Whit Fosburgh Misstates Menhaden Science on Qualified Captain Podcast and Overlooks American Fishing Families
The Qualified Captain is a North Carolina-based boating and maritime interview podcast hosted by Aaron Stasiak. On the podcast, Stasiak interviews ...
North Carolina flag football rankings: USA TODAY Sports Super 10, Week 5
As flag football season continues in North Carolina, these teams sit atop the state in this week’s Super 10 rankings.
Health department requests F-16 crash response grant for exposure testing, staffing
The Grand Traverse County Health Department is requesting approval of a $134,145 grant to cover the response to the F-16 crash.
Cle Elum businesses targeted in burglaries
Multiple local businesses in Cle Elum were targeted in a series of overnight burglaries early last Thursday morning.
WealthPath managed assets rise to new level
The top-ranked locally-owned independent wealth management firms in Northwest Arkansas have exceeded $2 billion in managed assets, while another surpassed $1 billion in managed assets for the first time, according...
North Carolina Forecast to Struggle Against Pittsburgh This Week
The North Carolina Tar Heels are being given a low chance to take down Pittsburgh this week.
Compass’ PHS, Jancula teams double up on SaMo-Palisades connection
Two Compass teams said they’ve created a “supergroup” with the aim of seizing on business moving between Santa Monica and the Pacific Palisades. PHS, which counts nine people, is led by Hathorn, along with Charles Pence and Loraine Silver. The group generated about $218 million in sales over the past year, with a focus on North Santa Monica, according to Compass. The group will be working with Ryan Jancula’s namesake team, which is made up of 13 people that had sales volume of $300 million in the past 12 months, Compass said. Jancula, who is from the Palisades, and his […]
S&C Electric leases big warehouse at transformed Allstate campus
The deal makes S&C one of the largest tenants at the high-profile office-to-industrial redevelopment in the northern suburb.
Predict the Packers’ record in NFC North games in 2026
The Packers can take a big step back into the NFC North race next Sunday, but will they?
EB Games announces first ever Nintendo store-within-a-store in North America
Today, EB Games announced the first-ever Nintendo store-within-a-store experience in North America. The space will be located in the heart of Toronto. EB Games will open the Nintendo space at its flagship location at 267 Yonge Street. This is a permanent, 1,500-square-foot space that “will bring Nintendo games, characters and worlds together in a dedicated retail environment.” The new Nintendo...
Hood: Pay for performance, not for politics
RALEIGH — The North Carolina General Assembly approved substantial pay increases for public schoolteachers earlier this year. If a bipartisan commission has its way, teacher compensation will soar over the next few years, as well. Fiscal conservatives should welcome these developments — so long as schools use higher pay as a means of attracting and retaining highly effective teachers, not of scoring political points or placating interest groups.
'Real buzz' around Northern Ireland
Northern Ireland midfielder Shea Charles says "he could not be happier" following the side's unbeaten Nations League window.
Northwell Health Launches the Institute for Healthy Aging, Integrating 28 Hospitals, Research and Community Programs to Promote Longevity and Support People as They Age
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Oct 6, 2026--
Fayetteville mixed-use neighborhood Drake Farms announces first business
The new mixed-use neighborhood under construction in North Fayetteville, Drake Farms, has announced its first commercial tenant.
Northern Virginia business leaders grow more pessimistic about the national economy, survey finds
One in five respondents is based in Alexandria. A majority said data centers are good for the region's economy.
TowneBank to acquire NC bank for $154M
Suffolk's TowneBank plans to acquire Mooresville, North Carolina-based blueharbor bank for $154 million in cash and stock.
Northwestern Linebacker Named Big Ten Defensive Player of the Week
Northwestern captain Braydon Brus earned Big Ten Defensive Player of the Week honors after recording nine tackles, a sack and his first career interception in the Wildcats’ 34-13 win over Penn State.
2 top European teams show interest in Arsenal winger
Atletico Madrid and Juventus are showing an interest in Arsenal winger Noni Madueke, just over a year after his transfer to north London.Photo by Alex Pantling/Getty ImagesMike McGrath reports for The...
North Jersey frozen foods company to close plant, lay off 168
Dr. Praeger’s Sensible Foods — which makes frozen foods — is closing its Elmwood Park facility and moving operations to Kentucky, laying off 168.
‘Let Troy be Troy’: How Maine Democrats’ hope to beat Sen. Susan Collins is working to quiet doubters
As Democrats enter the homestretch of their longtime quest to defeat Maine GOP Sen. Susan Collins, they are placing their hope in a fifth-generation logger from the state’s rural north who speaks with a distinct Allagash accent, displays an apparent penchant for boba tea and has never been this close to the national spotlight before.
From ‘feel-good’ to urgent: NC lawmakers move to act on gas taxes
If the legislature suspends the state gas tax, it would save North Carolinians 41 cents per gallon.
Majority of Northern Virginia business leaders give data centers thumbs-up
A majority of surveyed business leaders now believe data centers will have a positive impact on the regional economy in Northern Virginia.
Red snapper season opens Friday; anglers can donate carcasses for science and prizes
MOREHEAD CITY, N.C. — Recreational anglers will have three days to harvest red snapper this weekend, and North Carolina fisheries officials are asking them to c
Donley keen to add goals after encouraging NI run
After a four-game window with plenty of positives for Northern Ireland, there was perhaps just one lingering concern - their ability to score goals consistently.
Northwest Biotherapeutics Announces Keynote Presentation on Harnessing Immunity: A Personalized, Multi-Target Approach to Cancer At the UK National Health Service Annual Oncology Conference
/PRNewswire/ -- Northwest Biotherapeutics (OTCQB:NWBO) (the "Company" or "NWBio"), a biotechnology company developing DCVax® personalized immune therapies for...
Northern Essex’s McCarthy Joins New Small Business Advisory Council
Michael McCarthy, executive vice president and chief financial and operating officer at Northern Essex Community College, was recently appointed to the Massachusetts Small Business Development Center statewide Advisory Council, a new group of business, government, economic development and community leaders helping guide the future of small business support in the state. The Advisory Council was
Three Things UNC Fans Must Know About Pittsburgh
Facing a ranked opponent, the North Carolina Tar Heels must neutralize a high-scoring sophomore quarterback and survive a battle-tested defense.
Democrats dump money into race to succeed North Country star Rep. Stefanik
The campaign arm of the Democratic Party believes one of New York State’s Republican strongholds is now at play.
Solana Beach market owners say immigration enforcement is hurting business
A family-owned business in Solana Beach says immigration enforcement operations in the area are hurting sales. Now, the owners fear the market's future may be at risk. NBC 7's Ignacio Dominguez shows us how the North County neighborhood is changing.
Indoor playground Kid Mania closes Plano location
The indoor playground Kid Mania closed its Plano location on Chase Oaks Blvd. in mid-September, downsizing to its north Fort Worth location.
Price misses penalty as Northern Ireland held by Georgia
Northern Ireland remain the only team to not concede in the 2026-27 Uefa Nations League after a 0-0 draw against Georgia in Group B2 at Windsor Park.
KBOCC, NMU sign articulation agreement for business degree program
The Keweenaw Bay Ojibwa Community College and Northern Michigan University have come to a new articulation agreement to allow KBOCC students to continue their business education at NMU.
Northwestern Stadium Developer: Seats Empty Because Fans Watched From Concourse
The 35,000-seat stadium was officially sold out in its first game.
National Health Survey Comes to Southeastern North Carolina
The CDC will collect data from residents in Scotland, Richmond, and Hoke counties as part of an annual health and nutrition survey.
Newcastle gets $25M refinancing for West Loop apartments
Refinancing can be a challenge in today’s elevated interest rate environment, but Northmarq said the process was competitive because of strong lender appetite for apartment buildings.
Northeastern Pennsylvania schools embrace the Science of Reading
Amid a nationwide decline in literacy, teachers across Pennsylvania — including educators in Northeastern Pennsylvania — are rewriting the rules on reading.
Northeastern Pennsylvania schools embrace the Science of Reading
Amid a nationwide decline in literacy, teachers across Pennsylvania — including educators in Northeastern Pennsylvania — are rewriting the rules on reading.
Opinion: Pay for performance, not for politics
North Carolina should link teacher pay growth to hard-to-staff roles and performance, not seniority, credentials or political pressures, columnist John Hood arg...
Opinion: Pay for performance, not for politics
North Carolina should link teacher pay growth to hard-to-staff roles and performance, not seniority, credentials or political pressures, columnist John Hood arg...
Agora Realty Starts Construction on Mixed-Use Pro-Level Youth Sports, Sports Tourism, and Entertainment District in North Las Vegas
Marking a major milestone for one of the most transformative developments in the fast-growing city of North Las Vegas, Agora... Read More
NWA C-Suite: Brad Sikorski
In addition to promoting the organization’s mission and advocating for affordable housing solutions in Northwest Arkansas, Sikorski has spearheaded the construction of McAuley Place in Bentonville. The project will provide...
NWA C-Suite: Brad Sikorski
In addition to promoting the organization’s mission and advocating for affordable housing solutions in Northwest Arkansas, Sikorski has spearheaded the construction of McAuley Place in Bentonville. The project will provide...
Seattle’s tax burden shifted to business as jobs slipped away, new report finds
A new joint report from the Downtown Seattle Association and the Seattle Metro Chamber shows city tax collections nearly tripling since 2013, surging far past population and job growth as the tax burden shifts heavily onto a small pool of major employers.
Northwell Health lays off 'limited number' of workers across the organization
The health system, which employs over 100,000 statewide, did not specify where cuts were made.
Mystery Hill launches first after dark experience
BLOWING ROCK — Mystery Hill, home of North Carolina’s only Natural Gravitational Anomaly, will remain open after sunset this fall for Mystery Hill After Dark, a new evening event series
OPINION: Pay for performance, not for politics
The North Carolina General Assembly approved substantial pay increases for public schoolteachers earlier this year. If a bipartisan commission has its way, teacher compensation will soar over …
2026-27 MLS NEXT schedule: Key dates to know
By MLSsoccer staffThe 2026-27 MLS NEXT season will be the seventh and largest in league history, expanding national competition and player development opportunities across North America's top youth so...
Ceiling collapse causes neighboring business to close in Northern Colorado
Mark Cuban offers fix for NJ's health care cost crisis
As New Jersey workers face another double-digit increase in health care premiums, billionaire entrepreneur Mark Cuban is offering to help.
Kim Kardashian Says She Has to ‘Hold Back’ North West, but the 13-Year-Old Calls Waiting the ‘Worst’ Advice
Kim Kardashian supports North West’s entertainment ambitions while trying to control how quickly her 13-year-old daughter takes on new opportunities. In a new Sunday Times ... Read More
oasisVRX Expands to the Princeton Area With New Active Entertainment Virtual Reality Destination
/PRNewswire/ -- oasisVRX is expanding with the opening of its second location at Princeton North Shopping Center, 1225 Route 206 in Princeton, New Jersey....
Northwestern Projected to Make College Football Playoff in Early Prediction
Northwestern is projected as the No. 10 seed in an early College Football Playoff bracket after the Wildcats’ dominant 34-13 win over Penn State.
KUNC's 2026 midterm election voter guide for Northern Colorado
Everything Northern Colorado voters need to know about the state’s midterm election, including major races, ballot measures, voting deadlines, how to return your ballot, and where to find trusted election resources.
Northwest Arkansas growing pains, national concerns top issues at Springdale political gathering
Rain and overcast skies didn’t dampen the mood at the annual Chickin, Peelin’ & Politickin’ event Thursday at Springdale’s Shiloh Square as residents, business owners and elected officials networked over plates of fried chicken and shrimp.
Strawberries in February: The Cyclospora outbreak and the cost of convenience
The 2026 outbreak reveals strains on farmworkers, food inspections and disease tracking in a system where consumers demand fresh produce year-round.
Northwell Health eliminating “limited number” of positions
The organization says the moves were necessary to maintain the stability of the organization in the currently challenging healthcare landscape.
Around the Big Ten: PJ Fleck continues to row
After the second week of conference play, Big Ten teams are battling for a chance for the championship. USC, Northwestern and Minnesota all took home big wins, while Iowa, Washington, Michigan are looking to recover.
Moon-Like Madagascar
A bright lens of anorthosite, a rock type prevalent on the lunar surface, is cradled within sheared rocks in the country’s south.
Car crashes into two Sioux City businesses on Northside
A car crashed into J-C Wholesale and Kung Fu Tea on Sioux City's Northside Sunday morning
Your guide to California’s 6th Congressional District race
The new 6th District spans from Roseville and Rocklin in the north to West Sacramento in the south.
Northwestern’s Top PFF Grades Highlight Dominant Win Over Penn State
Northwestern received impressive PFF grades on both sides of the ball after its 34-13 win over Penn State, led by Joseph Himon II, Caleb Komolafe and several defensive standouts
Ceiling collapse causes neighboring business to close in Northern Colorado
A roof collapsed at a business under construction in Loveland this week, forcing another nearby business to close as well.
Should Bill Belichick Remain as North Carolina's Head Coach?
Should Bill Belichick stay with the North Carolina Tar Heels moving forward?
Penn State Demolished by Northwestern: Post-Game Link Dump
Rocco Becht needs to play better if Penn State is going to turn its season around. The Nittany Lions are searching for answers after its second consecutive loss to open Big Ten play. Northwestern didn’t just beat Penn State – they piled on as they racked up over 400 rushing yards. Penn State was out-physicaled […]
Roof collapses at Northern Colorado business
NI team will 'have bumps along the road'
Follow live text commentary, score updates and match stats from Northern Ireland vs Georgia in the UEFA Nations League
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
‘Let’s put together some incentives’: Spike welcomes Ferguson’s space council as chance to attract businesses
Explore how Governor Bob Ferguson's space council aims to boost Washington's business landscape.
The Blade | Toledo's breaking news, sports, and entertainment watchdog
A Pulitzer Prize winner, The Blade covers Toledo's news, sports, weather and entertainment scene, including most of northwest Ohio and southeast Michigan
A Black Community in Louisiana Faces a Future Without a Champion in Congress After Redistricting
SCOTLANDVILLE, La. (AP) — If you cross the Mississippi River on the Huey P. Long-O.K. Allen Bridge, pass the Exxon Refinery, then head north for a few minutes, you'll find a pocket of Louisiana that's unlike any other place in America's never-ending battle over what it means to have equal ...
Auroras appear in broad daylight in Smile spacecraft's eerie first images of Earth — Space photo of the week
The joint European-Chinese Smile satellite officially began its science operations this week, sharing a ghostly image of Earth's sunlit North Pole ringed by giant auroras.
Herring Gut Coastal Science Center welcomes AmeriCorps member as Assistant Environmental Educator
PORT CLYDE — Herring Gut Coastal Science Center welcomes Kayleigh Amerman to its Port Clyde team as an AmeriCorps member serving as Assistant Environmental Educator through Goodwill Northern New England’s GoodHealth Works AmeriCorps program.
How Roy Cooper became Democrats’ best chance to flip a Senate seat
The former North Carolina governor is running in a state that for decades has more often preferred Republicans for federal office.
Some of NC’s weirdest and worst political ads probably aren’t on your TV
We’ve all seen the ads in North Carolina’s U.S. Senate race, but they aren’t the only memorable ads airing right now. | Opinion
Business leaders deliver blow to calls for more North Sea oil and gas drilling
The campaign group Uplift said more than half of entrepreneurs backed government plans to phase out fossil fuels
Bowie seizing Scotland shot after World Cup disappointment
BBC Scotland speaks to Kieron Bowie after he scored his first goal for his country against North Macedonia.
Vozinha thought Yashin Trophy nomination was a ‘joke’
Vozinha (40), a relative unknown heading into this summer’s FIFA World Cup, made a name for himself in North America thanks to his exploits with Cape Verde. The 40-year-old, who has never played at ...
Why Ken Paxton could lose a Texas GOP Senate seat to James Talarico
Plagued by ethics allegations, the Senate candidate is unusually vulnerable for a red state Republican.
HSSPX: West De Pere FRCC-North Frontrunners
(WFRV) – In this week’s episode of High School Sports Xtra, we featured a thriller in our Game of the Week between West De Pere and Bayport. We also put the spotlight on our Xceptional Athlete from Bonduel, Carter Moesch, and recapped the best matchups from week 7 of the high school football season.
Thousands run in 2026 Nike XC Twilight Invitational
TERRE HAUTE, Ind. (WTWO/WAWV) — Thousands of runners from across the country participated in the 2026 Nike XC Twilight Invitational at Lavern Gibson Championship Cross Country Course. Terre Haute North’s Addyson Bautista took fourth place in the girls race. Terre Haute South’s Landon Crawn finished 17th in the boys race.
Saturday Scoreboard
SIOUX FALLS, S.D. (KELO) – Here’s a look at scores from around the area: College Football:Northern St. 16 Bemidji St. 9 FSDSU 31 Illinois St. 14 FUSD 44 Indiana St. 14 FAugustana 37 USF 20 F Boys Soccer:Hot Springs 4 Douglas-New Underwood 0 FSt. Thomas More-Rapid City Christian 3 Belle Fourche 0 Girls Soccer:St. Thomas […]
Horror Con brings macabre artists and scary movie celebs to Peoria
Fans found plenty to be horrified about, in a good way, Saturday at Horror Con in North Peoria.
Suspect at large after man stabbed outside Northeast Side restaurant, police say
San Antonio police say a disturbance outside a business escalated into a stabbing Friday night. The victim was hospitalized as the suspect fled, briefly reentered the building, and remains at large.
Memorial Health System expanding healthcare services at Gulfport clinic
GULFPORT, Miss. (WXXV)- Memorial Health System is expanding services at one clinic in northern Gulfport. Dr. Rolando Barnes now provides comprehensive family medicine services at the Highway 49 clinic. This gives patients more convenient access to both primary and specialty care in their community. Barnes will also provide preventative care, wellness visits, chronic disease management, and ongoing care for patients...