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‘Remember the Titans’ star recalls smoking heroin on night of premiere: ‘Went to bed believing I wouldn’t wake up’
During a tribute to his late ‘Remember the Titans’ costar Hayden Panettiere, Ethan Suplee confessed to repeatedly smoking heroin at the film’s premiere.
Star Citizen Developer Stream Goes Horribly Off the Rails, Creating Further Distrust Among Players
A recent Star Citizen development stream went horribly wrong and resulted in some fans losing confidence in the long-awaited sci-fi game.
Vikings Get Telling Insider Outlook on J.J. McCarthy, Carson Wentz
The Minnesota Vikings have their starting QB in Kyler Murray, but their QB2 situation might be up for grabs in these final two preseason games. For now, QB2 is J.J. McCarthy after losing the QB battle to Murray, but now he might need to fend off veteran Carson Wentz for the backup job.During McCarthy’s time […] The post Vikings Get Telling Insider Outlook on J.J. McCarthy, Carson Wentz appeared first on HEAVY.
Wendy Brown Receives the 2026 Benjamin E. Lippincott Award for “States of Injury: Power and Freedom in Late Modernity” -
The Benjamin E. Lippincott Award is presented annually by the American Political Science Association (APSA) to recognize a work of exceptional quality by a living political theorist that is still considered significant after a time span of [...]
Von Miller is set to join his hometown Dallas Cowboys
The 37-year-old went to high school south of Dallas and starred at Texas A&M before Denver drafted Miller second overall in 2011.
Eighties Entertainment bringing mobile LED dance floor rentals to Owensboro
An LED dance floor rental service put together by Eighties Entertainment is coming to Owensboro soon.
Matches To Make After UFC 330
UFC 330 went down last night (Sat., Aug. 15, 2026) inside Xfinity Mobile Arena in Philadelphia, Pa., which saw Islam Makhachev defend his Welterweight title for the first tim ever by defeating Ian Machado Garry via unanimous decision (highlights here). In the co-main event of the evening, Mackenzie Dern defended her women’s Strawweight title — […]
Cory Mills went from hero to top Democratic target. Can he survive a GOP Primary challenge from Ryan Elijah?
The 2-term incumbent suffered an election cycle of scandals, and now faces 3 GOP challengers.
The Scientists Who Want to Steer Hurricanes
Over the weekend, Hawaii was lashed by Hurricane Lala, which has washed away homes, left more than 125,000 people without power, shut down two of the state’s busiest airports, threatened dangerous flash flooding and, at time of writing, has killed one person. What if we could’ve steered the storm away from Hawaii, into the vast expanse of the empty Pacific Ocean that lies all around the islands—where no one could get hurt? This scenario might sound like the stuff of science fiction. But earlier this year, a peer-reviewed study published by the Public Library of Science found that it might be possible, and sooner than we think. The study was titled: “Weather Jiu-Jitsu: Prospects for atmospheric nudging to defuse the impact of catastrophic weather extremes.” According to the paper, the controversial practice of cloud seeding could enable human beings to make hurricanes change direction. The potential results could be astounding: The authors suggested that Hurricane Sandy, which in New York City alone killed 44 people and caused $19 billion of damage in 2012, could’ve been diverted by 200 miles, missing the metropolis entirely. Cloud seeding, which first succeeded in the U.S. in 1946, is a practice whereby small particles—for example, dry ice, silver iodide, or salt—are dropped into clouds, causing moisture to condense into precipitation. In the 1960s, the U.S. government launched Project Stormfury, an experiment that saw Navy pilots flying into the heart of a hurricane, dodging winds over a hundred miles per hour, to cloud-seed inside it, in the hope of reducing the storm’s power. “The seeding,” the theory went, “would stimulate the formation of a new eyewall that would surround the existing eyewall. The new eyewall would contract, strangling the old eyewall and reducing the intensity of the hurricane.”
Saber Interactive finally adds an AI disclaimer to Rideshare Stimulator's Steam page
Saber Interactive has added an AI disclaimer to Rideshare Stimulator's Steam page, days after the game first went live without one.
City defeated in 2026 Community Shield
City went down 3-0 to Arsenal in the 2026 Community Shield.Quickfire goals at the start of each half from Riccardo Calafiori and Martin Odegaard sandwiched by a Kai Havertz header meant defeat for Enz...
Maker of ice cream sold at grocery stores nationwide files for bankruptcy as it appeals $23.8M judgment
Rebel Creamery reported $13.78 million in assets and $23.85 million in liabilities as it appeals a $23.785 million Van Leeuwen judgment.
Seahawks’ Jalen Milroe Gets Blunt Message After Loss to Cowboys
The Seattle Seahawks fell in their preseason opener 17-7 to the Dallas Cowboys on Aug. 15 at Lumen Field. With Sam Darnold not seeing action in the contest, it allowed for backups Drew Lock and Jalen Milroe to see the field.Regarding Milroe, the 23-year-old went 5-for-8 on his pass attempts, resulting in 36 passing yards. […] The post Seahawks’ Jalen Milroe Gets Blunt Message After Loss to Cowboys appeared first on HEAVY.
What investors say went wrong at Selena Gomez's mental health startup
Selena Gomez launched the startup in 2021 alongside her mother, Mandy Teefey, and Daniella Pierson, a business partner.
What investors say went wrong at Selena Gomez's mental health startup
Selena Gomez launched the startup in 2021 alongside her mother, Mandy Teefey, and Daniella Pierson, a business partner.
Armenian Genocide survivors' grandson says 'political motives' block recognition
In 1915, the Ottoman Empire began the systematic deportation and massacre of its Armenian population. As many as 1.5 million Armenians were killed – widely regarded by historians as the twentieth century's…
Jaxson Dart returns from medical tent to throw TD
The Giants got an unwelcome reminder of Jaxson Dart's rookie season when the quarterback went to the sideline medical tent after the end of the first quarter, but they wound up with a happy ending to the offensive possession.
Matthew Rhys felt ‘enlivened’ and ‘crappy’ after losing buzzy biopic role to Edward Norton
Matthew Rhys recently auditioned for a role that ultimately went to Edward Norton and eventually landed the ‘Fight Club’ star an Oscar nomination.
Tri Ta, Paula Swift, and the superficial state of California politics
That Tri Ta and Paula Swift hold superficial positions on housing policy was unsurprising given how the rest of their interviews went.
Turning science students into problem solvers
BELIEVE Academy science teacher Seyi Akoko can trace his love of science back to a seventh-grade classroom. Curious about a lesson on evaporation, he went home and mixed salt with water in an attempt to recreate the experiment for himself. His experiment may have gotten him into trouble at home, but it also ignited a […]
SGMC Health Welcomes Internists Brandon Rockwell, MD, and Justin Owens, DO
SGMC Health welcomes Internal Medicine physicians Brandon Rockwell, MD, and Justin Owens, DO, to the health system. Drs. Rockwell and Owens will see patients at SGMC Valdosta Medical Clinic in Valdosta beginning August 24.
Dan Campbell Provides Clarity on Ennis Rakestraw’s Injury
One of the biggest concerns coming from the Detroit Lions preseason opener was the injury to third-year cornerback Ennis Rakestraw. Rakestraw has a track record of injuries, and it did not look good in the initial review.Rakestraw immediately went to the locker room, and his night was done from there. However, Campbell noted that the […] The post Dan Campbell Provides Clarity on Ennis Rakestraw’s Injury appeared first on HEAVY.
Sailor went overboard USS Abraham Lincoln earlier this month raising mental health concerns
Sailor went overboard USS Abraham Lincoln earlier this month raising mental health concerns
At FAMU & Crawfordville, Gwen Graham, Byron Donalds preview campaigns
Gwen Graham voted at FAMU to honor FAMU's legacy of activism, while Byron Donalds campaigned in Crawfordville ahead of Florida's governor race.
Google's new Pixel 11 chip might not be 2nm, after all
Rumors seemed almost certain that the Tensor G6 would be a 2nm chip, but a new interview claims Google went with 3nm again.
PBS Station Sues to Regain Access to 70 Years of Archival TV History
A PBS station in St. Louis lost access to the data after its cloud storage provider apparently went out of business.
Underrated 49ers Signing Could Pay Huge Dividends in 2026
The San Francisco 49ers' wide receiver has seen some big changes this offseason. Mike Evans was brought in to be the No. 1 receiver, and old favorite Deebo Samuel was brought back into the fold. Fellow receiver Ricky Pearsall went down for the year, which was a big blow.
Legacy built at Wendell Johnson Speech and Hearing Center continues
The Wendell Johnson Speech and Hearing Center was the home of leading communication sciences and disorders work for more than 50 years.
‘It’s as physical as some sports’: Fla. high school marching band students can now earn full P.E. credit
This year, thanks to a new Florida law, high school students can now satisfy both their arts and physical education credits if they're in marching band for two years. WLRN reporters went to Charles W. Flanagan High School in Pembroke Pines to watch students spend long summer days practicing to perform at a high level.
White Sox Minor League Update: August 12, 2026
The affiliates went 3-2, with the Dash beating the Grasshoppers handily to steal the show
‘Heated Rivalry’ actor says he got ‘in trouble’ after seemingly leaking info about upcoming episodes
Dylan Walsh, who plays David Hollander on ‘Heated Rivalry,’ paused his Cameo account after a video where he talked about season 2 of the hit hockey romance went viral.
John Harbaugh Explains Giants' Decision to Try Out Terrion Arnold
The New York Giants broke from their traditional caution by inviting Terrion Arnold to East Rutherford for a tryout Wednesday. First-year head coach John Harbaugh explained what went into that decision and how Arnold performed while working out at the Quest Diagnostics Training Center. Arnold has now tried out for at least four teams, most recently the Giants on Wednesday, a day after working out for the New Orleans Saints.
All-Star catcher Adley Rutschman makes his debut for Red Sox
Three-time All-Star catcher Adley Rutschman went 1 for 3 and walked twice in his Red Sox debut as Boston lost its fourth straight, 5-3 to Toronto.
The tush push meets ‘Madden’: How EA Sports added the notorious play to the video game
Twenty-two NFL teams tried to ban the Eagles' signature play. Not only did it survive, but now it's going digital.
Four takeaways from Tuesday's primaries in six states
Voters in half a dozen states went to the polls Tuesday, and results highlight the ongoing conflicts within both parties ahead of the November midterms.
Orioles 5, Twins 2: O’s power past Twins
Bailey Ober gave up three homers and the offense went 1-11 with runners in scoring position as the Twins lost game two of the series.
Jays Beat Red Sox
Red Sox 3 Blue Jays 5 Despite Dylan Cease not having his usual great start, it turned out to be a good game. Cease went 5 innings, allowed 5 hits, 4 walks, and 7 strikeouts, but gave up 2 home runs. Neither one was crushed; one just barely cleared the wall. For anyone else, it […]
amBroadway | Ariana DeBose sets sights on ‘Sweet Charity’, Bowen Yang to make ‘Oh, Mary!’ debut and more
Ariana DeBose may have found her next big musical theater role. The Oscar winner and Tony nominee will play Charity Hope Valentine in an autumn workshop of a
Jenna Ortega Won't Stop Taking Risks, No Matter How Big Wednesday Gets
At twenty-three, Ortega already has a resume a mile long. A sci-fi gamble could vault her to another level entirely.
What Does Alibaba (BABA) Qwen Royalty Model Mean For Its AI Business?
Alibaba Group Holding (NYSE:BABA) plans to introduce a revenue-sharing model for commercial users of its upcoming Qwen3.8-Max open-source AI model. The company aims to monetize open-weight AI deployments through royalties paid by businesses that use Qwen3.8-Max in commercial products and services. This move makes Alibaba the first Chinese AI lab to formally tie open-weight model usage to a royalty-based revenue framework. As large language models start to reshape how software and services...
Saber's newest game trailer takes a shot at Gearbox's CEO, if you look closely
The first hint that something might be up with the recent debut trailer for Saber Interactive’s Rideshare Stimulator is an unusual choice of words—aside from that second one in the game’s title. “Don’t take your passengers too seriously,” the trailer’s narrator says, as he describes this upcoming game. It a car game about the gig work of driving eccentric people to their destinations, a riff on Crazy Taxi. And then, he says: “When I think I’ve met the randiest of passengers, someone even stranger gets in.” “Randiest”? That suggests “randy,” which usually means having strong sexual desire. Yet none of the oddball backseat occupants featured in the trailer seem particularly lustful. One is an old man who considers his grandson a failure, another shares the theory that birds might control traffic lights, another says he’s banned from an aquarium. A little later, there’s a license plate, shown 63 seconds into the trailer, on the front of an SUV: USB DRV It’s a Texas plate. The symbol between those letters is a cog wheel. If you know, you know. That’s a reference to Texas-based Borderlands game development studio Gearbox Software (their logo features a cog wheel). More specifically, it’s a reference to Gearbox’s CEO Randy Pitchford, who in 2018 found himself explaining the nature of video he’d saved on a USB drive that was found at a Medieval Times restaurant before being returned to the studio: “It was ‘barely legal’ porn. This girl’s handle was ‘Only 18.’” The “girl” in the video had committed a solo sex act that Pitchford, an avid practitioner of magic, found remarkable. “I realized, this is not a sex worker…This is a fucking magician.” Back then, the USB drive was central to competing lawsuits against Gearbox by the studio’s former lawyer and by Gearbox against him. A settlement in late 2019 “exonerated” Pitchford, per the Hollywood Reporter. The USB story has resurfaced at times, now in a trailer from a company that not long ago was corporate brethren with Gearbox. Saber vs. Gearbox The head of Saber told Game File that the reference is payback. “The dig is because Randy took shots at Embracer in Borderlands 4,” Saber CEO Matt Karch told me when I asked him about the license plate. “Without Embracer, Randy is performing magic tricks at birthday parties for a living.” Having interviewed Karch during a cross-country flight in late 2024, I can confirm that Karch was unimpressed with Pitchford during their time both working in the Embracer group. I’d approached him not out of surprise that there was animosity but that it was manifesting publicly now. Gearbox was founded in 1999, worked on a port of Halo early on, and developed hit series such as the loot-based sci-fi shooter Borderlands before it was purchased by The Embracer Group in early 2021 for $363 million (with a possible earn-out of over $1 billion, if certain targets were hit by 2027). Saber was founded in 2001, worked on a remaster of Halo early on, had a big hit with zombie shooter World War Z and was purchased by Embracer in early 2020 for $150 million, with a potential earn-out of up to $375 million. For a few years, the Embracer group was a voracious acquirer of game studios. Then, as investment dried up, it choked. In March 2024, Embracer sold Saber to an investment company controlled by Saber CEO Matt Karch, and it sold Gearbox in an all-stock deal to long-time Borderlands publisher Take Two Interactive. Other studios were shut down. Hundreds of developers were laid off. Gearbox didn’t say much about their Embracer experience, nothing too direct, at least. In the summer 2024, Pitchford told reporter and occasional Game File contributor Nicole Carpenter that Borderlands 4’s story was in some way thematically connected to Gearbox’s experience at Embracer: “There’s this cultural and emotional shift in me, personally, and at the studio. What does it mean to trade some autonomy for organization?” When Borderlands 4 came out, there was something stranger: the matter of “Embracer’s Bluff,” a location in the game featuring an AI-powered toilet and a large trash dump, according to a detailed Kotaku account of the place. Gearbox never commented on it; Take Two never got back to me about it when I asked them last year. By contrast, since Saber exited Embracer, Karch has been one of Embracer’s biggest defenders, casting their management as well-meaning and supportive despite the layoffs and studio closures that resulted from their excessive expansion. Like others, Saber’s Karch saw Embracer’s as a shot. With Rideshare Stimulator’s trailer, he’s returned fire. “It’s amazing to me how fast people forget those who went above and beyond for them,” Karch told Game File. A rep for Gearbox did not comment by press time. Game File is a reader-supported publication. Your backing makes my reporting—including any coverage of trailer-based beefs—possible. Good news! I’m currently running Game File’s first big sale of 2026. You can get a one-year subscription for 23% off. Click here to take advantage of the limited-time offer. And thank you for your support! Item 2: In brief… 🚫 Wal-Mart has laid off the staff of Restart, a games media outlet launched in 2024, Aftermath reports. 🟥 A GTA VI preview is on the way, at last, via an “extended look” that will premiere, unusually, on Netflix at 3pm ET on August 27, then officially go live elsewhere six hours later. Last week, Game File noted that Take Two label Rockstar Games is overdue for showing off GTA VI, based on the timing of the initial hands-off previews of GTA V and Red Dead Redemption 2. During a call with investors, Take Two CEO Strauss Zelnick said pre-orders for GTA VI were “unprecedented and astonishing,” but added the company can’t predict how many of those pre-orders represent bonus sales vs. sales that otherwise would have been made at launch. During the same call, Zelnick was noticeably bullish on the future of playing games over streaming cloud connections (predicting wider adoption in three or so years). He sounded unbothered by Sony’s plans to stop making discs for new games (he said the business is 90% digital already and predicted that there could still be limited edition physical editions of games “in the same way there’s still vinyl in the recorded music business.”) 👀 Take Two wrote off $43 million in their spring quarter after deciding “not to proceed with further development of an unannounced title in its pipeline from a third-party developer.” 🤔 Some rare age-demographics from a big publisher: Capcom recently told investors that “users in their 20s account for approximately half of the users of both Pragamata and Resident Evil Requiem.” Item 3: The week ahead Tuesday, August 11 Game releases: The Elder Scrolls IV: Oblivion Remastered (Switch 2; already out for PC, PS5, Xbox) continues the Bethesda strategy of putting Elder Scrolls games on everything; Royalty Free-For-All is a Smash Bros.-style fighting game featuring public domain characters such as Mother Goose brawling with Oliver Twist in a stage based on the original Little Shop of Horrors movie. Wednesday, August 12 Game release: Pro Jank Footy (PC, console) is an arcade-style Australian Rules Football game with increasingly ridiculous rules, the more you play (I enjoyed the Steam demo) Thursday, August 13 Game release: Super Mario Sunshine (Switch 2, originally released in 2002 on the GameCube) is released for Switch 2’s Nintendo Switch Online service. This game is the black sheep of 3D Mario games. It’s the successor to the breakthrough Super Mario 64 and the rare Mario game built around a single (vacation resort) theme. Mario’s got a water-spraying backpack, a Yoshi pal and a lot of blue coins to collect.
How Troy Jackson went from Maine logger to the Democratic nominee for Senate
Troy Jackson's path to politics started during his time as a logger in Maine's north woods. Now he's the Democrat challenging five-term Republican Susan Collins for a Senate seat that could determine control of the chamber in November.
2026 College of Science faculty promoted
Twenty-two members of the College of Science faculty at Clemson University have been promoted. Twenty-two members of the College of Science faculty at Clemson University have been promoted
This Week's Total Solar Eclipse Will Occur On The Perseids Meteor Shower Peak – For The First Time In Recorded Science History
We went through 5,000 years' worth of eclipse data so you don't have to.
Norris Consultant Group Launches New Credit-to-Capital Curriculum on The Wealth Blueprint Platform
ANDERSON, S.C., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Norris Consultant Group, the parent company and operating entity behind The Wealth Blueprint, today announced the launch of a new curriculum module on its educational platform, expanding the program's business credit and funding-readiness training for aspiring entrepreneurs. The new module went live in early August 2026 and is now available to members of The Wealth Blueprint community. Norris Consultant Group operates The Wealth Blueprint as its
Joan Jett cancels remaining 2026 concerts after undergoing surgery for 'fractured vertebrae'
Joan Jett underwent orthopedic surgery on a fractured vertebrae, forcing cancellation of her September shows including Bourbon & Beyond festival.
3 Takeaways From the Giants' Final Practice in West Virginia
The legendary John Denver song "Country Roads" speaks glowingly about West Virginia, but the New York Giants are surely ready for someone to take them home to the northeast. The Giants closed their 11-day residency at The Greenbrier with one final practice Saturday. Here are three impressions of how things went in White Sulphur Springs, West Virginia.
JSerra looks to repeat as Southern Section flag football champions
The Lions went undefeated in 2025, but former champion Orange Lutheran and Sierra Canyon, with talented transfers, will be among formidable challengers.
How Troy Jackson went from Maine logger to Democratic nominee for Senate against Susan Collins
Jackson’s campaign has focused on his ties to Aroostook County, a sprawling, wooded region known as “The County” to Mainers.
Crews battle early morning fire at Cambria Co. business
WJAC provides news, weather and sports information for Johnstown, Altoona, State College and DuBois, Pennsylvania. Our coverage area includes Bedford, Everett, Somerset, Meyersdale, Ebensburg, Windber, Hollidaysburg, Huntingdon, Mount Union, Tyrone, Bellefonte, Philipsburg, Clearfield, Punxsutawney, St. Marys, Brookville, Emporium, Treasure Lake, Ridgway, Centre Hall, Reynoldsville and Curwensville.
The Senate eked out a summer break. But bigger fights are coming
The Senate went out with a bang, ‒ passing a government funding bill, confirming Todd Blanche and bucking a voter ID measure.
How Troy Jackson went from Maine logger to the Democratic nominee for Senate against Susan Collins
Troy Jackson’s path to politics started during his time as a logger in Maine’s north woods
21 youth business licenses issued to UAF lemonade camp participants
Twenty-one Fairbanks children ages 9 to 12 wrapped up a week-long entrepreneurship program Thursday, selling lemonade at UAF’s Georgeson Botanical Garden as the capstone of the UAF College of Business and Security Management’s Young Entrepreneurs Lemonade Lab.
Could the last time a Democrat was elected Ohio governor foreshadow this year's election?
Democratic Gov. Ted Strickland was elected governor twenty years ago this November, and recent polls indicate the race for Ohio governor this year is close.
Katseye singer Sophia Laforteza steps away from group over mental health
The announcement came comes after fellow bandmate Manon Bannerman went on a hiatus from the ensemble.
Alibaba plans to charge big users of its next open-source AI model, sources say
Chinese technology giant Alibaba plans to ask major users of the next version of its Qwen open-source AI model for a share of revenue they make from the hotly anticipated offering, according to two people familiar with the company's plans.
Conservative firebrand who went viral with anti-CCP ad survives key primary
Marsha Blackburn defeated John Rose and Monty Fritts in the Tennessee GOP primary, positioning her as the likely next governor of the state.
Lawsuit filed against N.Y. state's lead paint regulations
Petitioners from several nonprofits say regulations don't satisfy the requirements of a state law that went into effect last year.
Blackhawks Trade Pitch Lands Penguins’ $30.75M Star Winger
The Chicago Blackhawks have made it clear with their roster moves this offseason that they want to be better in 2026-27. They most notably acquired Bowen Byram in a blockbuster trade with the Buffalo Sabres and also reunited with Patrick Kane. The Original Six also added other players to their roster this summer, like Ian […] The post Blackhawks Trade Pitch Lands Penguins’ $30.75M Star Winger appeared first on HEAVY.
Stefon Diggs is signing with the Washington Commanders, AP source says
New England released him in March, and the 32-year-old went unsigned in free agency while facing strangulation and other criminal charges in connection with a dispute with his former private chef.
Science Writer Nicola Twilley Discusses Mummy Sleuths, the Hunt for the Ancient Microbiome, and Finding Humanity in the Past
In a recent interview, Nicola Twilley talks about her reporting that followed scientists from the Institute for Mummy Studies as they excavate and glean discoveries from paleofeces preserved in the world’s oldest salt mine, and how that story changed her perspective on humanity and the past. Twilley was a 2025 award winner of the National Academies’ Eric and Wendy Schmidt Awards for Excellence in Science Communications.
Schultz: Outside money is reshaping Minnesota politics ― and pushing it more left
Recent mailers that went out in support of Cedrick Frazier featured a New York return address ― the address of the national Working Families Party, an organization that has received large donations from billionaire George Soros’ Democracy PAC, Jim Schultz writes.
Mike Macdonald provides update on Zach Charbonnet's rehab
Zach Charbonnet underwent surgery to repair the torn anterior cruciate ligament in his left knee on Feb. 20.
Andy Reid Shares Injury Updates on Cyrus Allen, Xavier Worthy
The Kansas City Chiefs were dealt what looked to potential be a very real offensive blow on Saturday when rookie standout Cyrus Allen went down with what appeared to be a knee injury during practice after a collision with cornerback Kair Elam during a special teams drill. Despite some fearing a potentially devastating injury for […] The post Andy Reid Shares Injury Updates on Cyrus Allen, Xavier Worthy appeared first on HEAVY.
49ers already dealing with staggering injury totals during training camp
49ers defensive lineman Sam Okuayinonu went down with an injury during training camp on Wednesday, continuing a brutal summer in San Fran.
Blackhawks Trade Pitch Lands Flames $30M Skilled Winger
The Chicago Blackhawks have undoubtedly had an eventful offseason. They have added new players to their roster, including Bowen Byram, Jordan Greenway, Cole Smith, and Ian Cole. They also brought back franchise legend Patrick Kane on a two-year, $8 million AAV contract.Overall, with these moves, it is clear that the Blackhawks want to be more […] The post Blackhawks Trade Pitch Lands Flames $30M Skilled Winger appeared first on HEAVY.
Indiana business owner convicted of battery in case involving teen at tire shop
An Indiana business owner was convicted of battery after prosecutors said he inappropriately grabbed a girl who went to his business for help putting air in a tire.
Former Penn State Star Gets Important Injury Outlook for Packers
It feels like many are forgetting that the Green Bay Packers were one of the best teams in the NFL last season and lost Micah Parsons throughout part of the year. Parsons, the former Penn State standout, unfortunately went down with a tough ACL injury.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. I am particularly pleased that it goes out for free to thousands of subscribers around the world. But, writing this newsletter takes a lot of work. If you are enjoying it and would like to support the project, sign up for one of the subscription options here. It is the equivalent of a fancy cup of coffee per month! Subscribe
More Medicaid coverage hasn’t curbed increased firearm suicides among most men
New study finds that expanded access to Medicaid was related to a drop in suicide rates among men in only one group: white adults ages 35-49.
Burt Reynolds was gifted a brand new Pontiac Trans Am every year for the rest of his life until an awkward call with General Motors president
Following the huge success of the film Smokey and the Bandit, Burt Reynolds struck a deal with GM for a free Pontiac Trans Am a year, but something went wrong
Minding Your Business- Bill Hanney’s Entertainment Experience
“It is just incredible! We went all out,” said Bill Hanney, owner of the brand new entertainment mecca on Cape Cod: Bill Hanney’s Entertainment...
Buffalo Bills Predicted to Land Monster 300-Pound Defender
The Buffalo Bills will once again head into the upcoming 2026 NFL season as a top-tier Super Bowl contender in the AFC. With Josh Allen leading the way, they are always going to have a shot at winning a championship.During the offseason, the Bills clearly decided to go all-in on winning now. They went out […] The post Buffalo Bills Predicted to Land Monster 300-Pound Defender appeared first on HEAVY.
Bryan Cook is the Cincinnati Bengals' Most Overlooked Offseason Addition
The Cincinnati Bengals made several prominent defensive additions this offseason. Dexter Lawrence was the biggest name, but their additions of Boye Mafe and Jonathan Allen have also generated plenty of attention. While the Bengals went and added plenty of names, they also added another player who is being overlooked but will provide just as much of an impact, and that is safety Bryan Cook.
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
There Were Actually Two Mass Extinctions During The Cretaceous, And The First One Is Looking Very Familiar
The dinosaurs went on unhindered, but 113 million years ago many marine species died out and the reasons have turned out to be very relevant right now.
Seven takeaways from Ravens’ first padded training camp practice
Lamar Jackson struggled, Ja’Kobi Lane went deep and Baltimore’s defense controlled the Ravens’ first padded camp practice.
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Scientists went looking for giant trees in Taiwan and found a lost world
Taiwan’s steep, remote mountains have sheltered extraordinary forests containing hundreds of giant Taiwania firs. After years of difficult expeditions, LiDAR mapping, and citizen-science detective work, researchers discovered an 84.1-meter (276-foot) tree, the tallest known in East Asia. They also found dense “temples of giants” where dozens of enormous trees grow together. These ancient forests rank among the world’s most carbon-rich ecosystems.
Medicaid Recipients Fear Federal Cuts to Health Care in Rural Montana
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More than two dozen Pa. lawmakers reported stakes in businesses with overdue filings
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From kitchen-table idea to growing mobile business: Southern Mamas Loaded Teas expands in Greenville
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Jays Trade Kevin Gausman To Cubs
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Democrat U.S. senate candidate Stevens campaigns at Detroit church
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Ohio GOP Rep. Miller says 'I'm not dropping out,' defends himself against claims of domestic abuse
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How a Top Law Firm Went From Standing Up to Trump to Bending the Knee
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Atlante win again in Liga MX, beat Cruz Azul
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New bakery business opens in MN Lake
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Fulham capitalise on penalties against Farense
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Trump blasts Pirro after she refutes his claim that Reflecting Pool was damaged by vandals
Pirro’s office, in a court filing on Friday, moved to drop criminal charges against a former Olympian, David Hearn, who had been accused of deliberately damaging the pool after it went through a renovation.
UAMS names Nembhard as dean of the Fay W. Boozman College of Public Health
The University of Arkansas for Medical Sciences named Wendy N. Nembhard, Ph.D., MPH, as the next dean of the Fay W. Boozman College of Public Health, effective Sept. 1. Nembhard succeeds...
Minnesota's ban on crypto ATMs goes into effect after citizens report losing nearly $1 million in scams
Minnesota's ban on crypto ATMs went into effect on Saturday, and by Dec. 31, all existing machines across the state must be removed.
Three Recent Chrome Releases Fix 1,442 Flaws, More Than Prior 23 Updates Combined
Google fixed 1,072 Chrome flaws in versions 149 and 150, more than the prior 23 milestones combined, as AI-driven discovery accelerates bug reports.
Red Sox hit back-to-back HRs in 8th to beat A's 5-4
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Shohei Ohtani card sells for $11 million, becomes third-most-expensive sports card
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Tuli Tuipulotu returns to practice after missing Wednesday
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