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A Chemical Production Loophole Could Delay the Recovery of Earth’s Ozone Layer by Up to 11 Years
A new study reveals that if left unchecked, unaccounted-for emissions of ozone-harming substances could delay the layer’s full recovery by almost a decade.
When will the hot stove start cooking?
We’re approaching summer, which means it’s almost time to start diving into realistic trade talks.
Japan’s Q1 capex stalls as Iran war concerns weigh on business confidence
(Corrects to restore dropped word 'flat' in lead paragraph) By Makiko Yamazaki TOKYO, June 1 (Reuters) - Japanese companies' annual spending on plant and equipment remained almost flat in the first quarter, data showed on Monday, pausing after a year ...
Japan's Q1 capex stalls as Iran war concerns weigh on business confidence
(Corrects to restore dropped word 'flat' in lead paragraph) By Makiko Yamazaki TOKYO, June 1 (Reuters) - Japanese companies' annual spending on plant and equipment remained almost flat in the first
Japan's Q1 capex stalls as Iran war concerns weigh on business confidence
Japanese companies' annual spending on plant and equipment remained almost flat in the first quarter, data showed on Monday, pausing after a year of strong growth as concerns mount over the impact of the Middle East conflict.
Alienware’s New 5K Curved Gaming Monitor Has Almost Too Much Going on
It’s curved, supports 5K, uses "RGB Stripe Tandem OLED," and, and, and...
Urgent alert: a mysterious asteroid forces surprise action from astronomers - Futura-Sciences
The Asteroid with (Almost) No Bite The talk of the space community lately is 2024 YR4, a near-Earth asteroid discovered late last December. As it turns out, its orbit crosses that of our home planet—yes, a classic ‘potentially hazardous asteroid.’ But before you start updating your end-of-the-world playlist, here’s the...
Wolverine PS5 Pre-Orders Expected to Open Next Week, After State of Play
Almost time, bub
Job seeker explains two scams he encountered when searching
A graphic designer who used to design cybersecurity content for a bank said he was almost duped by two recruitment scams while job-hunting.
New coin business opens in W’bago
Winnebago Coins celebrated its grand opening with a ribbon-cutting ceremony on Wednesday, May 28, and owner Ryan Hatlen has already had a few eager customers come through his doors. “The neat thing about being in the coin business is that almost everybody knows somebody who collects,” Hatlen notes. “Either they have a family member who […]
Versatile Dell XPS laptop boots up in a flash and is exceptionally affordable
How can a traditionally high-priced Dell XPS notebook compete with the MacBook Neo? An upcoming Dell launch demonstrates that this is indeed possible without sacrificing too many features for demanding users, such as up to 32 GB of RAM and a Panther Lake CPU option. However, almost all details have already been leaked ahead of time.
Community is Better and Stronger
Rolling Fork and Sharkey County continue to rebuild from the devastating 2023 tornado March 24, 2023 is a date residents of Rolling Fork and Sharkey County will never forget. A powerful EF 4 tornado sliced through the city and county in the early evening hours, leaving behind almost indescribable amounts of destruction. While the horrible […]
White House releases Trump's physical results, says he's in 'excellent health' but almost obese
President Donald Trump's doctor recommended he exercise more and lower the regular aspirin dose that has contributed to his skin bruising.
White House releases Trump's physical results, says he's in 'excellent health' but almost obese
The White House doctor recommended increased physical activity and weight loss.
Trump’s $1.8bn slush fund: has the Don gone too far?
Such ‘brazen corruption’ makes the Watergate scandal look ‘almost quaint’
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta
Mental Health Disorders Now No. 1 Cause of Disability Worldwide
By HealthDay Staff HealthDay ReporterFRIDAY, May 29, 2026 (HealthDay News) — Mental health disorders are now the leading cause of disability worldwide, according to a major new study. Researchers found nearly 1.2 billion people were living with a mental health disorder in 2023 — almost twice as many ...
Witcher Dev Will Focus On Sequels Over Expansions For Witcher 4, 5, 6
The Witcher 3 may be getting a big new expansion almost 12 years after launch, but you shouldn’t expect that to be the norm for the series going forward. From Witcher 4 on, CDPR will focus on full games instead of developing expansions, the studio said. In the Q&A section of CD Projekt Red’s latest...
We Spent the Last Decade Building the AI-Native Mental Health Company the Next Decade Will Need
That was the analog-to-digital decade. The next one is AI-native. The mental healthcare it produces will look almost nothing like what came before.
Caesars Entertainment sold to Fertitta for $5.7 billion; combined company to control 4 Atlantic City casinos
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and Morton's.
Caesars Entertainment Being Acquired For $6B By Golden Nugget / Houston Rockets Owner Fertitta
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and
Caesars Entertainment, a Las Vegas Strip icon, sold for nearly $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, which owns the Las Vegas Golden Nugget and chains like Rainforest Cafe and Morton's.
Ebola at the World Cup? Here’s what we should actually worry about
“Infectious disease threats during the World Cup will almost certainly look much more familiar than frightening headlines suggest,” writes Krutika Kuppalli.
Black Women Political Candidates Are Expected to Be 'Likable,' Qualified and Tireless. Men Aren’t.
What I had experienced during that run wasn’t entirely unfamiliar to me. The year before, in 2013, I had run for president of the Young Democrats of America (YDA), a national political party office role, against a popular opponent. The opponent was a Black man, so race wasn’t a factor in the election; however, gender was. Before my campaign, I was vice president of YDA and had heard only good things about my service: my fundraising efforts, the partnerships I had engineered with progressive organizations, and programming coordination for the membership. However, when I decided to run for president, I instantly became ‘difficult to work with’ and ‘mean.’ Research on women candidates confirms that voters are less likely to vote for a woman if they don’t like her; by comparison, voters don’t need to like men to elect them. But when I was running as the Black woman candidate in a seven-candidate primary for public office, with two other women in the race, I noticed almost nothing about my being ‘difficult’ and more about my ability and work ethic. My experience running for public office reflected the systemic bias and double standards not just for women candidates, but Black women candidates who dare to aspire to any sort of political leadership—and that needed to change. We need more progressive Black women in public office for a myriad reasons, but we also specifically need the younger generation of Instigators in office, candidates who understand the times in which we live currently. Electing more Black women will take real investment in changing the biases and attitudes (conscious and unconscious) of mostly white donors, media, campaign staff, consultants and institutional leaders to help shift the culture and systems. But this support needs to be substantively increased so that we can rebuild an inclusive, multiracial democracy with the leaders we want and need. (Excerpted from The Instigators: How Black Women Have Been Essential to American Democracy by Atima Omara.)
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta.
Fertitta acquires Caesars Entertainment in nearly $18B deal
Caesars Entertainment announced Thursday it would be acquired by Fertitta Entertainment in a deal worth almost $18 billion, including around $11.9 billion in assumed debt.
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s. Caesars became an iconic name after the opening of Caesar’s Palace on the Las Vegas Strip in 1966. However, its roots date back t...
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and Morton's. Caesars became an iconic name after the opening of Caesar's Palace on the Las Vegas Strip in 1966. Fertitta Entertainment will pay $5.7 billion and take on close to $12 billion in debt from Caesars, putting the total value of the deal at about $17.6 billion.
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s. Caesars became an iconic
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s.
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s. Caesars became an iconic
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s. Caesars became an iconic
Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s
Healthy Returns: Eli Lilly makes a new push into vaccines – here’s what to know
The drugmaker announced it will buy three privately held vaccine makers in deals worth almost $4 billion combined.
Sony’s DualSense controllers are almost 30 percent off
Great for Steam, not just for the PS5.
Motorola's 2026 Razrs are almost worth buying just for their stunning looks… almost
Pretty little phones with pretty big price tags.
Street Fighter 6 server maintenance time revealed for Ingrid and the game's largest content update to date
It's finally almost time for the conclusion of Street Fighter 6 Season 3, and they're looking to go out with a real bang.Capcom just revealed the server maintenance times for Street Fighter 6's incoming update that ...
Epic Games Removes Porsche "Concept Image" That Sure Looks Like AI
This week, Epic Games published a concept-art image showing what appeared to be a Porsche vehicle dropping into Fortnite. However, it was quickly removed after players theorized it had been made with the use of generative AI. And while Epic has since offered an explanation for what happened, something still seems … off. Almost immediately...
Tony Blair says Labour must abandon net zero, support Trump and move firmly to the right
In highly unusual intervention, ex-PM says his party’s ‘almost infinite capacity for self-delusion’ makes it likely to lose next election
His Business Was Burning Cash and Nearly Closed in the First 6 Months — Here's the Counterintuitive Strategy That Turned Everything Around
His restaurant almost didn't make it. Now he's passing down the playbook that turned it around.
Wasserman Schultz’s FL-20 run ‘undermining Black political power,’ DNC members say
Almost all of Florida’s elected DNC members said she made a “politically convenient” decision “undermining Black political power.”
Asian American Women Are Starting Businesses Faster Than Almost Anyone
Women own 40% of U.S. businesses but generate 4.6% of revenue. One nonprofit is closing that gap—one bootstrapped founder at a time.
Trump’s advanced age and threats to his life serve as reminders of his own mortality
When President Donald Trump’s doctors release a summary of the physical exam he is scheduled to undergo Tuesday, the document is almost certain to conclude he remains in excellent health, if his previous assessments offer any indication.
Pirated Sports Streams Are Warping TV’s Most Important Ratings
Advertisers love live sports. But good luck measuring that investment. Although tides of ad revenue flow based on the ratings of certain tentpole TV events, a new crop of scammers now operate illicit sports livestreaming rings, and there’s almost nothing broadcasters can do about it. According to a new report released Tuesday by ad tech […]
Platner, Sanders, Jackson join forces again for Memorial Day rally
Almost nine months after U.S. Sen. Bernie Sanders of Vermont came to Maine to announce his support for gubernatorial candidate Troy Jackson and U.S. Senate candidate Graham Platner — who at the time was a little known oyster farmer — the three rallied in Portland again on Monday to talk about their plans to make […]
Evo 2026 near-final registration leaderboard revealed with one surprising title shooting up the ranks
Evo 2026 is right around the corner with more mainstage titles than usual this year, and everything is almost locked into place now.The organizers for Evo just released the near-final registration leaderboard for the big event right before signups ...
Little Big Business Marketplace spotlights ambitious student-led businesses
May is Small Business Month, but today we’re highlighting some of our area’s youngest entrepreneurs who are thinking big! The Little Big Business Marketplace is almost here to showcase …
Gasperini wants to reunite with Scamacca
Gian Piero Gasperini has done it. After many ups and few downs, Roma finished the season in third place, returning to the Champions League seven years later, and the credit goes almost entirely to the...
Forza Horizon 6 Seemingly Sold Almost 5 Million Copies Before Its Opening Weekend
New Steam player record also set
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
Why Trump’s possible Iran deal may be almost as divisive as his decision to wage war
The best hope for ending a poorly planned war started with scant consultation with Congress or the American people may be an unsatisfactory peace that leaves critical issues to be resolved later and deepens Washington strife.
The Email Of The Future In 1986
With so many online messaging services to choose from it’s almost as though the daddy of them all, email, has faded into the background as something you only use for more formal contacts. But…
Scientists discover atoms suddenly spinning backward in quantum experiment
Scientists have directly watched angular momentum move through a crystal for the very first time — and discovered a bizarre twist along the way. Using ultra-powerful terahertz laser pulses, researchers triggered tiny atomic rotations inside a quantum material and found that the direction of rotation can unexpectedly flip as momentum is transferred. The strange reversal happens because of the crystal’s underlying symmetry, creating an almost impossible-sounding effect where two rotations combine into one spinning the opposite way.
'We've weathered storms before' | Family business hopes to reopen shortly after tornado damage
A spokesperson for an almost 120-year-old family business said that it plans to reopen on Tuesday despite being severely damaged by an EF-0 tornado that touched down in Claiborne County on Friday even...
Nvidia’s Hidden $60 Billion Business Is About to Overtake Broadcom
For years, investors treated artificial intelligence as a GPU story. Buy the chipmakers, ride the boom, and call it a day. But AI data centers have evolved into something much bigger — sprawling digital factories that need not only computing power, but also ultra-fast networking capable of moving oceans of data with almost no delay. ... Nvidia’s Hidden $60 Billion Business Is About to Overtake Broadcom
The Meanest Tradition in Entertainment
Celebrity roasts have become crueler in their style of comedy, and almost unwatchable.
A Colorado startup just raised $30 million on a quiet bet that astronauts won't actually be the ones building the moon's first permanent base — robots will get there first
The first permanent structures on the moon will almost certainly be built by robots, not astronauts. That is the bet Lunar Outpost, a Colorado-based robotics company, just convinced investors to back with a $30 million Series B — funding aimed at delivering a new lunar rover called Pegasus by the end of 2027, with a […]
Summer Sports Camps Coming to Sonoma’s Field of Dreams
Summer break is almost here — and if you’re still looking for activities to keep kids active, engaged, and having fun this summer, there’s still time to sign up for a new series of youth sports camps coming to Sonoma! The City of Sonoma is proud to partner with National Academy of Athletics to launch … Continued
Gov. DeSantis snaps back at red snapper setback
The season almost began before a judge put the start on pause.
iOS 26.5.1 could launch soon as next iPhone update
It’s almost WWDC time, where iOS 27 will be revealed, but a smaller new iPhone update could debut first: iOS 26.5.1.
iOS 26.5.1 Update for iPhones is Coming Soon
Apple's software engineers are testing iOS 26.5.1, according to the MacRumors visitor logs, which have been a reliable indicator of upcoming iOS versions. iOS 26.5.1 will almost certainly be a minor update that fixes bugs and/or security vulnerabilities, and it will likely be released by the end of next week. The logs show that Apple has ramped up testing of iOS 26.6 as well, with a first beta of that update likely to be released at some point in June.
We tried Google’s AI glasses and they’re almost there
Google demoed prototype Android XR glasses that overlay Gemini-powered translation, navigation, and other information directly into your field of view.
Lawmakers warn data protection rules don't protect key sites, including White House and CIA
The Biden administration spent almost a year crafting regulations to block U.S. adversaries from buying commercial data gathered from cell phones at the federal government’s most sensitive locations.
With Arsenal’s Premier League title, have the Kroenkes completed sport? Well, almost…
The Kroenkes have now won the Premier League, Super Bowl, Stanley Cup, MLS Cup and the NBA Championship - will the Champions League be next?
Nevadans have some of the highest grocery bills in the country
According to a study, Nevadans spend almost $10,000 on groceries each year.
Almost 50% of Preventable Cancers Linked to Just Two Lifestyle Habits
We have the power to make great change.
If I could only have one laptop for work and gaming, I’d get this one
The new Asus ROG Zephyrus G14 is almost perfect for me, except it’s $3,600.
Gilts Set for Best Week Gain Since 2023 as Rates Offset Politics
After starting the week at their highest in almost three decades, yields on long-dated gilts are poised for their biggest drop in more than two years.
Beloved Italian restaurant in Mass. closing after almost 100 years in business
[This story first appeared on Boston Restaurant Talk.] A longtime Italian restaurant in the western suburbs of Boston that appeared to be closing around the start of the pandemic only to remain open is now closing for real. According to a source, Carbone’s Restaurant in Hopkinton is shutting down, with a MassLive article mentioning that the Cedar Street dining spot…
UNESCO warns a tsunami in the Mediterranean is inevitable
The French Riviera may look like an unlikely place for a tsunami disaster, but scientists warn the threat is far more real than most people realize. Historical events and new modeling show that destructive waves have already struck the Mediterranean coast — and could hit again with very little warning. Some tsunami scenarios could reach beaches in under 10 minutes, leaving almost no time for traditional alerts.
Knicks Legend Issues Apology for His Actions During Cavaliers Game
The New York Knicks had one of their best wins yet in a long while and team legend Stephon Marbury was so caught in the moment he almost gave the team a technical foul call.
Physicists finally solve the strange mystery of “breathing” lasers
Scientists have finally figured out how mysterious “breather” laser pulses work, solving a puzzle that has frustrated laser physicists for years. These unusual ultrafast lasers produce light pulses that rhythmically grow and shrink instead of staying steady, almost like they’re breathing.
Health chief warns of high child poverty rates in NHS Highland area
Public health director Jennifer Davies says of the 12,834 under-fives in the area, almost 22% lived in relative poverty.
Bracknell hotel owner says he is facing £150k business rate hike
Jason McKelvie says Stirrups Hotel could see its annual rates rise by almost £150k over the next three years.
Whoa! Netflix is Sending Narnia Heading to Theaters...What This Means for the Future of Film
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Here’s a funny thing about the debate over whether streamers should release their movies in theaters first: Both sides think the other side represents the “conventional wisdom”. If you’ve been reading me for any amount of time, or even just scanned my front page, you know I think movies make more money by having a robust theatrical window compared to going straight-to-streaming. I’ve published thousands of words on this topic. And for years, I felt like I was standing up to a wave of opposition. See, while the “put your films in theaters to make money” take was obvious at any point before 2019, post-streaming revolution, most of the trendy thinkers took the opposite point of view. Big names argued that Netflix putting their film straight-to-streaming (“S-to-S” from here on out) actually made more money. Netflix was “disrupting” theaters, just as they disrupted Blockbuster Video, and since innovation is always good, this too was a great idea. This thinking then leaked into the mainstream business outlets like the Wall Street Journal and Bloomberg. I read many articles whose take boiled down to “Netflix makes tons of money from S-to-S releases” and “theaters were in structural decline” anyways. Covid-19 shutting down theaters and the 2023 strikes shutting down film production seemingly justified this point of view, as the box office struggled to return to 2017-2019 heights. Yet I’ve also read folks arguing the opposite point: the conventional wisdom says to put films in theaters! From some writers’ points of view, “everyone” actually agrees/agreed with my “send your films to theaters” take—especially the stodgy traditional studios—and folks still didn’t understand Netflix’s genius. I feel like, for the last two years, many people have argued this point as if it’s conventional wisdom. You know what? I may have been wrong. At this point, the “S-to-S strategy makes money” might be the minority viewpoint. Especially with the news this month that Netflix will put at least one film—Greta Gerwig’s Narnia film The Magician’s Nephew—in theaters in 2027 for a full 49-day run is big news. So that’s the story of the week, but I’ll also explain why they’re making this move now and why Netflix may not completely embrace theaters, along with other topics, like how I don’t buy Disney’s “super app” strategy, the latest good news out of the unions, my take on the latest attacks against free speech, and a whole lot more. Let’s get started. Subscribe Most Important Story of the Week - Netflix Goes to Theaters! Listen, I promise not to victory lap too hard today. As I just wrote, I’ve argued against sending films straight-to-streaming for—checks calendar—eight years now. Since 2018. Yikes. That’s a long time. And for years, others painted my thinking as “conventional” in that I was standing up for the status quo against trendy, cool disruption. And that’s not cool! But math is math, and I never could make the S-to-S numbers work. The only thing that ever enabled that model was Wall Street’s brief exuberance for it. It seems like the heads of Netflix now agree with me. (There were always rumors that former head of film for Netflix Scott Stuber argued internally for theatrical releases as well.) As they announced: “The Magician’s Nephew_—the first film in a Narnia series of films—will open on 12-Feb-2027, with a 49 day theatrical exclusive run.”_ I’m a little surprised at how little coverage this big change actually got. Credit to Bloomberg for leading with it and Matt Belloni’s The Town for highlighting it with the provocatively titled podcast “Hell Hath Frozen Over”. But after that? Instead of getting as much coverage as, say, the FCC’s latest egregious crackdown on free speech, this news story got crickets. But it’s massively more important for the future business of entertainment. So let’s start with the obvious question… Why Put Your Movies in Theaters? So…why should Netflix put (some!) of their movies in theaters? Well, I’ve already written that in a very, very, very long article from 2022: [ ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) [ The Data Is In: Theatrical Films Massively Outperform Straight-To-Streaming Films ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) Entertainment Strategy Guy · April 5, 2023 [ Read full story ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) To summarize, theatrical runs make much more money, especially blockbusters, because they earn more money per viewing,1 and that helps boost home entertainment sales. Theatrical films also perform as well or better than the streaming-only films. Now, partially this is driven by increased marketing for said films, but said marketing ultimately boosts the awareness of the movies and drives improved streaming and library performance as well. Again, I’ve made this case after reviewing the economic models and streaming data for years. Just last week, Emily Horgan also made the case for kids films! Yes, it is probably conventional wisdom, but that’s also because it’s true! I’d also argue we’ve seen a lot of data in the various studios’ behavior. As I’ve noted before, the more a studio needs to make money, the likelier they are to put films in theaters. As such, Disney, Universal, Warner Bros., Paramount and Sony all send their major films to theaters. Even if they once made a big S-to-S push (*cough* Disney *cough*), they’ve since relented and returned to theaters. The tech companies don’t need to make money, per se, so it took them years to embrace theaters. Apple doesn’t need to make money because it doesn’t disclose their (likely) Quibi-sized losses each year. (They fear bad press more than losing money.) Amazon announced two years ago that they planned to make Amazon-MGM Studios/Prime Video profitable on its own, and guess what? Now they’re putting films in theaters. That leaves Netflix. They’re in between the “no need to make money at all” and the “desperately need to make money to offset linear TV declines”, so they had less pressure to put some films in theaters. Plus, for years, they were the sexy disruptor, and Wall Street rewarded them for that. (Honestly, they still do.) Yet, even Netflix likely saw the money they were leaving on the table (I’ve estimated it at an easy billion dollars before) so they changed their course. I heard one pundit argue that, because Netflix already makes so much money, they don’t need to make more money, which sort of goes against everything I’ve ever learned about business and economics. Again, to be super-nuanced, sending “films to theaters” does not mean EVERY film. TV movies have been a thing for decades. Lifetime films, Hallmark holiday films, Disney Channel Original Movies, and so on, don’t need theatrical runs. But films above a certain budget level (say $25 to 50 million) almost certainly need theaters to maximize their revenue. The Scenarios (with a Dose of Skepticism) Now time for some skepticism: it won’t surprise me at all if Netflix re-changes course. Specifically, Netflix announced that their Narnia film will go to theaters. And I’d bet anything we see KPop Demon Hunters 2: The Huntering2 also goes to theaters, cause it’s the surest hit outside of a Disney animated sequel right now. But how much does Netflix truly commit to theaters? They’ve already tried to emphasize that this is a one-off move. I see three broad scenarios:
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AI research papers are getting better, and it’s a big problem for scientists
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Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
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