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The Kids in the Arena: Spectrum Business Keeps Florida Esports Facility Connected

With Spectrum Business Internet Gig, Valhallan Esports Training now has reliable high-speed, low-latency connectivity so young gamers have a safe, supportive environment to play their favorite games.

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Oct 6 • 8:00 AM EDT • Business • corporate.charter.com
Lawsuits accused flight service of taking customers' cash as charter business was failing financially
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Oct 5 • 6:53 PM EDT • Business • 9news.com
Albany County asking voters to replace coroners with medical examiner's office

The charter change proposal will appear on the November ballot.

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Sep 14 • 2:35 PM EDT • Politics • spectrumlocalnews.com
StanChart Sells Some Card Business to India Lender in Pullback

Standard Chartered Bank Plc has agreed to sell part of its Indian credit card business to Blackstone-backed Federal Bank Ltd., joining a slew of US and European lenders exiting the crowded retail segment dominated by local players.

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Apr 30 • 6:06 AM EDT • Business • bloomberg.com
Why a ‘Beehive’ school is again ranked as the Beehive State’s top high school

Several public charter schools crack the annual U.S. News & World Report’s Utah high school ‘top 10′ list

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May 7 • 10:00 PM EDT • Science • deseret.com
The politics and possibilities of ‘AI could kill us all’

I found myself fielding a lot of questions from folks who don’t usually talk much about AI this week. They were mostly along the lines of “do you think AI is going to kill us all?” or “how worried should I be about this human extinction stuff?” Motivating this wave of existential anxiety was the highly dramatic resignation of now-former Anthropic employee Jacob Coxon, who quit his job while publicly sharing his concerns about safety practices at the leading AI companies. More specifically, he declared that almost everyone at OpenAI and Anthropic, the leading AI labs, believes that there’s a decent chance the AI systems they’re producing could “kill us all” by the end of the decade, and the companies aren’t “acting responsibly.” Other AI safety researchers, including those still employed at Anthropic and OpenAI, all confirmed that yes, Coxon is correct, they’re all worried that their company’s products might prove fatal for the entire human race as well. Two more AI employees quit and joined the chorus. Now, the warning shot has been covered everywhere from the Wall Street Journal to Fox News to WIRED to the Guardian. I understand why all this sounds scary, but my response to those who have asked, has generally been: No, you don’t need to worry that AI will kill go rogue and kill us all. But that does not mean we shouldn’t worry, period. Far from it. The companies building AI products are now among the wealthiest and most powerful entities in the world. And they very much are building enormous engines of mass surveillance, extraction, and automation. They can and have allowed their AI systems to carry out felony hacks of other companies, provided the government with autonomously generated kill lists, and sold enterprise technology to firms around the world that is explicitly intended to replace jobs. But “AI” has done these things not because they have all-powerful minds of their own but, ultimately, because people have programmed, calibrated, and directed them to. In other words, it’s not AI we need to worry the most about. It’s the people and corporations working to profit from and gain power by deploying it. The technology is sophisticated, sure, and, especially in cybersecurity contexts, potentially disruptive to plenty of existing systems. But if we want to stop this predatory, profiteering, and extractive form of AI—and it’s worth noting that at this point, most people do—we absolutely can. A quick note/plea: I can only do all of this with the support of readers like you, so if you find value in independent, critical tech journalism and analysis, please consider becoming a paid subscriber. I want to keep as much of this un-paywalled as absolutely possible, and I need your support to do so. Many thanks to all who continue to chip in, it’s very much appreciated. Onward. Subscribe First, some context: AI industry folks like Coxon have been discussing the prospect that AI will destroy humanity for years. Even before the beginning of the AI boom, many working in the industry, from the executive staff to the rank and file researchers, have obsessed over ‘x-risk’, or the possibility that AI will become sentient or semi-sentient and move one way or another to exterminate humanity. This is ostensibly why Elon Musk bankrolled OpenAI in the first place, and is the grounds for his lawsuit alleging OpenAI betrayed its charter by abandoning its nonprofit status to become a commercial enterprise. Many AI engineers and startup founders have calculated their own personal p(doom), or the probability that the tech product they are working on will initiate an actual humanity-extinguishing apocalypse. 10-25% p(doom)s are pretty common. (I wrote about a long weekend I spent among these folks at one of their top conferences here, to give you an idea of their ideas and belief systems.) Sam Altman himself drove the narrative of the imminent rise of a super-powerful AI, or artificial general intelligence, to prominence by declaring that the technology he was building posed an existential risk to humanity. This idea is in other words baked into the DNA of modern AI companies and into the products they engineer. It’s also why the industry is routinely accused, by myself and others, of “doom marketing,” ie, using such proclamations and framings to impart the sheer power of the technology behind your product onto investors, partners, consumers, and the state. Some ambient understanding of this tendency may have helped prevent the press from repeating the claim every time one of the x-risk folks made it over the years, including when they quit their jobs at AI companies while doing so. Yet Coxon’s AI x-risk alarm has broken containment, as they say, and has exposed the idea to the mainstream media once again. This has happened, I think, for a number of reasons. First, when AI CEOs were going around saying AI might kill everyone in 2023, their companies were well-capitalized, but not nearly to the extent they are today. They were more easily dismissed as eccentric geeks of the sort that Silicon Valley is supposed to produce. Now, not only do their products have much greater market saturation, but people are more aware of a) the often unethical ways the executives and companies comport themselves b) the other adverse impacts of AI that have already arrived, and c) the physical cost of building these systems, particularly when it comes to data centers. Finally, toss in the constant stream of headlines in 2026 about AI models going rogue or potentially upending the world’s infrastructure. [ ](https://www.bloodinthemachine.com/p/with-the-backlash-to-data-centers) [ With the backlash to data centers, Flock and AI glasses, a mass opposition to big tech is underway. Silicon Valley is in denial. ](https://www.bloodinthemachine.com/p/with-the-backlash-to-data-centers) Brian Merchant · Aug 27 [ Read full story ](https://www.bloodinthemachine.com/p/with-the-backlash-to-data-centers) As a result, general sentiment was already overwhelmingly skeptical of AI and its overlords, so the table was pretty well set for someone to come along and say ‘just a reminder, the companies that are building the product that promises to take your job and leave a data center in your neighborhood also think that it might exterminate the human race’ and get a strong reaction from the media and the public. The question is: Should we understand this stuff as hype, strategically fanned to feed already swelling valuations? Is it doom marketing? Genuine cause for alarm that the infrastructure that undergirds modern life is facing a novel threat vector? Or reason to be sincerely worried that AI companies are amassing too much power, and that their products are genuinely dangerous? The answer, I’m afraid, is “yes.” Let me try to untangle all of this a bit, because arguments over how to navigate this moment are extremely heated right now, as they are essentially arguments over how to approach the politics of AI at a moment where there may be a unique opening for action. Those sympathetic to AI alignment concerns and x risk arguments—which increasingly includes a faction on the left who want to shut down AI over safety concerns—argue that people who dismiss AI as all hype have their heads in the sand. Meanwhile, critics of the x-risk narrative—which I might note includes a cadre of investors and tech folks on the right, too—argue that it is hype and can be used to further inflate valuations or for pursuing regulatory capture. The challenge is that many feel that dismissing AI as just hype or purely marketing also diminishes the urgency of taking on the AI industry as the novel and threat to labor, civil society, and the public sphere it is; others that by accepting the industry’s own terms, we imbue it with undue power and enable it. But let’s be clear: Declarations that AI is so powerful it might end the world are a kind of marketing, and anyone who says otherwise is just as off base as those who say that’s all that it is. If you don’t think that these sub-trillion dollar companies have higher-ups who noticed that when their founders talked about super-powerful dangerous AI they got spikes in media interest and phone calls from investors, or that those founders didn’t notice that themselves, and lean into certain narratives to advantage their products, then I don’t know what to tell you. Not all marketing is a Pepsi ad campaign with a celebrity spokesperson. Yet confronting the AI industry should certainly be considered an urgent project. Do I share the x-riskers’ fear that out-of-control, super-intelligent AI agents might end the world? I do not. I’ve read a good deal of AI extinction literature over the last couple of years and I have not come across a credible, step-by-step documentation of how exactly AI might move from self-recursively improving AI to killing every single human on the planet. Most of what I’ve read seems predicated on a sort of reverse Ian Malcolmian logic: Eventually, it becomes smart enough and AI, uh, finds a way (to exterminate humanity). Are the AI companies also overstating and dramatizing what their products can do? Yes, pretty much all the time. They’re in a knife fight for market share and are trying to win customers and government contracts before their investors come knocking. And yet. They have concentrated enormous amounts of compute, have extensive data collection and surveillance capacities, have inserted themselves into the state in numerous capacities, including military kill chains, and they are being run by egomaniacal billionaires who are rushing to monopolize an entire new market. The way I think about their most recent frightening-seeming exploits is not as a “swarm of rogue AI agents building a new civilization” or whatever, but as corporations with a hitherto-unimaginable amount of compute at their disposal recklessly experimenting with automation programs, completely unafraid of any repercussions because we have been unwilling or unable to impose any on them. So I think we should welcome any newfound imperative to hold them accountable. I also think that ultimately, the AI critics, Pause AI folks, leftists, doomers, effective altruists, and, honestly, most of the public, want a lot of the same things: legitimate checks and limits on AI companies’ power, actual transparency into what the companies are doing, and for more of AI to be under public control. (Ultimately, a lot of what animates the x-risk fears are rooted in just that: a fear of losing control.) How we move towards all this, exactly, is the question of the day, and while there’s much to be argued over in terms of building a viable political platform to challenge the AI industry’s power, I do want to cast a vote against one particular approach. Not to pick on Chris here, as there are a lot of folks out there proposing stuff like this, and the policy ideas actually stem from AI safety groups. But not only would this be challenging to land politically (I can already hear the ‘China will beat us to AGI’ calls) and all but unworkable in practice, this approach is a) far too limiting, b) fails to address the current harms caused by AI and c) would likely only wind up serving Anthropic and OpenAI; it’s what regulatory capture looks like in action. Full model transparency is the floor for what should be on offer here. If these companies believe their products will kill us, the very least we deserve is to know how. It’s in the public interest. I would also argue we might get a lot of the way to stopping any currently envisioned robot apocalypse simply by forcing AI companies to assume liability, and to submit to the full brunt of the law. If Sam Altman were liable to be charged with a felony for approving the hack on Hugging Face1, if Google was forced to pay defamation fines each time it published a false and injurious AI Overviews, these companies might suddenly find cause to restrain their models’ output, and we might hear less about rogue AI. We would need to introduce new frameworks and available tools for tracking automated lawbreaking, to be sure, but I’d wager that little would frighten the AI companies more than actually being held accountable for what their products enable. To that end, Illinois has passed an AI liability law, which the industry fought tooth and nail, and Florida is considering one. The next steps would be towards moving AI under public control; again, it’s only reasonable, since everyone, not just AI insiders, should get a say over how a technology whose developers say might kill us is developed and deployed. Dismantling the whole industrial project as currently structured should be on the table, too, pending democratic input. But that’s for another post. For now, suffice to say that while I won’t be losing any sleep about an AI-enabled extinction event, Mr. Coxon and co. have given us an opportunity to underscore the urgency of the clear and present damage AI companies are doing, the extreme power they wield and the extent to which they hold themselves unaccountable, and the abundance of political capital there is out there for taking them on. Subscribe 1 Purely speculative! I do not know if he did or not.

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Sep 12 • 3:59 AM EDT • Politics • bloodinthemachine.com
2 families say their student at Spring charter school should be named valedictorian over GPA dispute

The battle over the valedictorian title began in January, when court documents revealed that Nathan Olivarri was named top of the class, but that honor was short-lived.

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Jun 1 • 6:54 PM EDT • Science • abc13.com
DHT Holdings, Inc. Business Update

HAMILTON, BERMUDA, October 12, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update: For the third quarter of 2026, the Company estimates time charter equivalent (“TCE”) earnings for its fleet at $141,300 per day, comprising $167,100 per day for the Company’s VLCCs operating in the spot market and $114,200 per day for the Company’s VLCCs on time charter. These estimated TCE earnings are based on 2,055 revenue days during the quarter, of which

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Oct 12 • 4:33 AM EDT • Business • finance.yahoo.com
Horizon Science Academy to open Cedar Rapids elementary charter school in August

Horizon Science Academy, a new tuition-free, STEM-focused charter public school, is set to open in Cedar Rapids this fall, offering kindergarten through fifth-grade students an alternative to traditional public education. Horizon Science Academy Cedar Rapids is scheduled to begin classes in August 2026 at the Radiant Church, 3233 Blairs Ferry Road NE. The school is […]

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Apr 28 • 4:00 PM EDT • Science • corridorbusiness.com
California regulators vote to approve Charter acquisition of Cox Communications

This vote was the final step needed before the deal becomes official

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Aug 13 • 6:45 PM EDT • Business • spectrumlocalnews.com
Officials Estimate 100,000 In Danger Of Losing Healthcare Coverage As ACA Changes Loom

HARTFORD, CT — The estimated 100,000 customers who are projected to lose their healthcare coverage as a result of new requirements mandated by HR1 next year are families, neighbors and community members, Charter Oak Health Center President and CEO Vernette Townsend said Monday.

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Oct 19 • 4:50 PM EDT • Health • ctnewsjunkie.com
Coast Guard investigates charter boat business on Lake Champlain

A Burlington-area charter boat business is under investigation after authorities say a captain broke multiple rules.

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Aug 14 • 5:30 PM EDT • Business • wcax.com
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging

Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.

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May 27 • 5:02 AM EDT • Business • nytimes.com
Wings star Bueckers out against Liberty but not in concussion protocol

The Dallas-New York meeting was rescheduled from Thursday night after the Liberty's charter flight had mechanical issues.

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Jul 20 • 3:56 PM EDT • Sports • spectrumlocalnews.com
R.I. Governor McKee’s charter school conundrum

McKee turned heads when he said he’d be open to imposing a moratorium on new charter schools, but after taking another look at the bill, McKee isn’t quite ready to commit to signing it if it makes it to his desk.

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May 13 • 12:10 PM EDT • Politics • bostonglobe.com
Buffalo River Aviation can fly under own authority

Bentonville-based Buffalo River Aviation Services LLC recently received its Federal Aviation Administration Part 135 air carrier certificate, enabling the company to operate on-demand private charter flights under its own authority....

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Sep 10 • 12:28 PM EDT • Politics • talkbusiness.net
ON THE JOB: ‘Where Do You See Your Career or Business in 3 to 5 Years?’

“For the next three to five years, I am looking to grow Oswego County Opportunities’ support for the county’s economic development to fight poverty and take advantage of the major investments that are coming to the area.” — Kevin Dean, Executive director, Oswego County Opportunities, Fulton “I love what I’m doing. I’m trying to do this as long as they let me. It’s so exciting to walk the floors at the various factories, talk with community leaders and be part of the solutions to their business problems. As we do this work with manufacturers and community members, we are helping the next generation have these great jobs in skilled manufacturing. I’d like to have the same job title for years to come. I’ve watched the last five years with awe and it makes me proud and excited to be from Upstate New York. I want to keep being part of the conversation that, yes, we can do it in Upstate New York.” — Randy Wolken, President and CEO, Manufacturing Association of Central New York (MACNY) “I oversee the Rochester and Syracuse offices. We’re seeing continual growth as there are more and more job seekers and companies that are looking to fill positions as the economy grows. I’d like to have another Upstate New York office in our region to help promote people under me. I want to see that happen. With an increase in the job market, that is what the end goal is here for sure. We currently have offices in Rochester, Buffalo, Syracuse and Albany, among more than 300 worldwide.” — Briana Calabrese, Marketing director and vice president of finance & accounting and administrative & customer support, Robert Half Recruiters & Employment Agency, Syracuse “Hopefully, we’ll continue to grow by word of mouth. I just took over a couple of years ago. I was an employee for 27 years. Business is great and we’re up on sales from where we were last year and I’m hoping that continues to happen. I get an overwhelming response from people who say they want to support local businesses. It’s my objective when people walk out the door that they want to come back. In a small town like this, it’s crucial. I see myself in five years doing exactly what I’m doing now: sticking with it and trying to grow Fulton Screen Printing.” — Tim Stone, Owner, Fulton Screen Printing, Fulton “I am 85 years old and teach four fitness classes a week and swim four times a week. I hope to live to be 90 — if I can do that, I won’t complain. The older I get, the less afraid I am of dying. What I don’t want to do is get some sickness where I’m lingering and I’m in pain and it just goes on and on. I expect to be exercising as much as I can and I hope I will know when I need to back off to accommodate different problems I may have when I’m older. For a short time, I got up at 6 a.m. to jog for a half hour every morning. But I had to avoid dogs, so I quit jogging. I hope to be able to swim for life. When I swim for half an hour, whatever problems I have wash away. I will still be working in exercise in five years. I also write research articles. It challenges my mind. You have to challenge your mind and body and have some kind of goals and reasons to go on living. My wife died three and a half years ago, so I try to go out and do things, even though she’s no longer here.” — Fred Wilson. Certified personal trainer at Fitness After 50 and leader of senior fitness classes, Syracuse “I expect to continue working as a local financial adviser professional for the next several years. I really enjoy working with my clients and consider it a privilege to come to work every day, helping my clients reach their financial goals.” — Randy L. Zeigler, Certified financial planner practitioner, chartered financial consultant and private wealth adviser, Ameriprise Financial Services, LLC, Oswego “I see myself doing something with young people. I want to open an after-school program as a safe space for high schoolers where they can get tutored, behavioral health, get something to eat. I want to do something with policy. I have thought of doing something with neurodivergent kids where kids can run some kind of business. I want to do anything with community like therapy and psychotherapy. I want to still be able to offer those services to people. At 55, I’m not sure how much I will do. I will see what happens after graduation from Keuka College.” — Della Joyce Smith, Master’s student, Syracuse “I think the core of the gym is in personal training. I don’t see that changing. People will still need a gym and personal training will stay. There may be some loss to AI as there is in just about every industry, but there’s always been the ability to go online and get a workout. I don’t think AI will cut into business any more than the internet has. I think the class structure is shifting. Large group classes might be fading away for a while. I see more people going to specialized classes like Pilates. I wouldn’t be surprised if maybe the traditional classes like boot camps started to fade away. It’s important to adapt. Maybe someday I’ll need to get some new kinds of classes. Everything tends to go in cycles.” — Ryan Vollmer, Certified personal trainer and owner Edge Strength and Conditioning, Syracuse “I have been growing my firm at 24% a year. In five years, we may be purchasing or building a new office building to accommodate the new growth. Right now, our focus is on growth and adding team members, mostly financial advisers and administrative staff.” — Terri Krueger, Chartered financial consultant and senior financial adviser with Orla Wealth Management in Syracuse “Over the next three to five years, I see TDO continuing to experience steady, sustainable growth as new industries establish and expand their presence across Central New York. These investments will create new opportunities throughout the regional manufacturing supply chain, and TDO will continue evolving our capabilities to help both existing manufacturers and emerging industries grow, compete, and succeed.” — Jim D’Agostino, CEO and executive director Central New York TDO (Train, Develop, Optimize), Liverpool

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Oct 14 • 8:23 AM EDT • Business • oswegocountybusiness.com
Soap, Suds and Spectrum Business’ Seamless Connection in the Sunshine State

The combination of technology and Spectrum Business’ partnership keeps Splash Express Car Wash’s business humming along – and its customers coming back.

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Jul 8 • 8:00 AM EDT • Business • corporate.charter.com
San Francisco 49ers arrive in Melbourne for historic NFL game against the LA Rams

The San Francisco 49ers have arrived in Melbourne for their season-opening NFL game against the Los Angeles Rams at the Melbourne Cricket Ground on Sept. 11. It is expected to be the first of many regular-season NFL games in front of its growing Australian fan base. The team’s 200-member traveling party touched down on Friday morning after a 15-hour chartered Qantas flight and will spend a week acclimatizing before facing the Rams in front of an expected sold-out crowd at the MCG.

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Sep 4 • 1:53 AM EDT • Sports • sports.yahoo.com
Buffalo River Aviation can fly under own authority

Bentonville-based Buffalo River Aviation Services LLC recently received its Federal Aviation Administration Part 135 air carrier certificate, enabling the company to operate on-demand private charter flights under its own authority....

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Sep 10 • 12:28 PM EDT • Business • talkbusiness.net
DaVinci Academy of Arts and Science Featured on "All Access hosted by Andy Garcia"

An upcoming Public Television broadcast highlights how dynamic charter frameworks and data-informed instruction eliminate achievement gaps in primary K-8 education.

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Sep 11 • 3:00 AM EDT • Science • finance.yahoo.com
Just in: Ex-Science minister Uche Nnaji arrested at Abuja Airport

Former Minister of Science and Technology, Uche Nnaji, was on Wednesday arrested at the Nnamdi Azikiwe International Airport, Abuja, shortly after arriving from Enugu aboard a chartered flight.

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Jul 1 • 7:24 AM EDT • Science • vanguardngr.com
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy

Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.

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Oct 4 • 8:59 AM EDT • Health • fintechbusinessweekly.substack.com
Opposing political groups go head-to-head on Austin’s Prop I

Two political groups in Austin are at odds over a charter amendment proposition on the November ballot, and both held press conferences on Wednesday to share why they support or oppose the measure.

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Oct 7 • 6:14 PM EDT • Politics • kxan.com
Woodbridge school counselor named 2026 Delaware Behavioral Health Professional of Year - State of Delaware News

Taylor Richey, a school counselor from the Woodbridge School District, is the state’s 2026 Delaware Behavioral Health Professional of the Year. Secretary of Education Cindy Marten made the announcement at a statewide banquet honoring the district and charter network behavioral health professionals of the year. The Woodbridge Early Childhood Education Center counselor said […]

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May 18 • 7:57 PM EDT • Health • news.delaware.gov
Turlock's Science Olympians

The Walnut Elementary Green Science Olympiad team took third place at the 28th annual event, sponsored by the Stanislaus County Office of Education and held at the Turlock school site. Hickman Charter took first place and Fremont Open Plan took home second.

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May 9 • 3:11 AM EDT • Science • turlockjournal.com
'Very disappointing:' Schools scramble after lawmakers spike behavioral health grants

Ten districts and charters applied for $1.2 million for optional in-school services. A legislative committee abruptly tabled the idea last week.

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Sep 30 • 3:05 PM EDT • Health • idahoednews.org
Cheer Together in Real Time With Spectrum TV Control Pro From Spectrum Business

With the launch of Spectrum TV Control Pro, bars, restaurants and other venues can control every screen from one device while also keeping them in sync.

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Jul 16 • 8:00 AM EDT • Business • corporate.charter.com
Killeen voters to decide on 8 charter amendments

Killeen voters will have the opportunity to consider eight proposed amendments to the City Charter during a special election on Tuesday, Nov. 3.

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Oct 18 • 7:00 AM EDT • Politics • kdhnews.com
On Air and Online: Spectrum Business Powers Globecast Americas’ Broadcast Evolution

Working with Globecast during the relocation planning phase, Spectrum Business helped design a network foundation that could keep content moving quickly, securely and reliably from day one.

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Jul 28 • 8:00 AM EDT • Business • corporate.charter.com
Reliable Connectivity From Spectrum Business Helps NRG Reach Esports Fans Worldwide

Since 2024, NRG has relied on Spectrum Business to grow LA’s gaming scene, launch a nationwide tour and redefine fan experiences.

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Apr 29 • 8:00 AM EDT • Business • corporate.charter.com
Newark Charter girls volleyball standout wins Athlete of the Week

The poll, presented by Delaware Orthopaedic Specialists, runs Monday through Thursday each week.

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Oct 2 • 6:49 AM EDT • Sports • sports.yahoo.com
Then and Now: Through three careers, King builds extraordinary life

Kevin King’s resume reads like three different careers stitched together: internet pioneer, top-producing real estate broker and Caribbean charter captain. Learning from each experience and job is key, King said,...

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Oct 13 • 12:50 PM EDT • Business • talkbusiness.net
Goldson: Why 9/11 is never over

The Academy Charter School gathered 6,000 students in Long Island to commemorate the 25th anniversary of 9/11 and preserve its legacy for new generations.

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Sep 17 • 11:05 AM EDT • Business • libn.com
Fast-tracked, but falling short? Mamdani’s efficiency measures head to NYC voters

Mayor Zohran Mamdani’s government-efficiency panel unanimously approved five proposed City Charter changes for the November ballot Thursday evening, setting

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Jul 24 • 9:15 AM EDT • Politics • amny.com
River City Science Academy approved to open a seventh charter school at FSCJ’s Beach Blvd. campus

River City Science Academy announced today permit approvals for construction of a new standalone high school on Beach Boulevard.

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Sep 25 • 4:42 PM EDT • Science • actionnewsjax.com
Troy Council overrides veto over hearing on license plate reader emergency order

This will allow for hearings on a law to align the city's charter with the state's in defining what is considered a public emergency.

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Jul 10 • 7:49 AM EDT • Politics • spectrumlocalnews.com
Charter, PENN Entertainment, and Carriage Services Stocks Trade Up, What You Need To Know

What Happened? A number of stocks jumped in the afternoon session after oil prices fell on hopes of a US-Iran peace deal. The conflict pushed gasoline above ...

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Jun 12 • 4:15 PM EDT • Entertainment • stockstory.org
Expo links salmon, culture, science for Effie Kokrine Charter students

Effie Kokrine Charter middle school students received a hands-on immersion into the cultural and scientific relevance of salmon during an inaugural expo on Wednesday.

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Sep 10 • 10:00 AM EDT • Science • newsminer.com
Official: Liverpool Announce Turkish Airlines as New Shirt Sponsor

Standard Chartered had a good run.

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Sep 8 • 8:18 AM EDT • Sports • sports.yahoo.com
AB Jets Reports Clean Bill of Health in Argus Audit

Third Starlink-equipped Challenger 3500 joins charter certificate

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Oct 11 • 11:33 PM EDT • Health • ainonline.com
DOL renews charter for OSHA advisory committee

Eight of the 12-member committee’s seats are vacant, and the terms of the remaining four members are set to expire in January.

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Oct 6 • 1:20 PM EDT • Health • safetyandhealthmagazine.com
DaVinci Academy of Arts and Science Featured on "All Access hosted by Andy Garcia"

/PRNewswire/ -- An upcoming Public Television broadcast highlights how dynamic charter frameworks and data-informed instruction eliminate achievement gaps in...

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Sep 11 • 3:00 AM EDT • Science • prnewswire.com
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Science Tells Me How. God Tells Me Why.

A 13-year-old Christian at a public charter school writes about asking questions when science class seems to conflict with their faith, and why they are learning apologetics.

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Sep 20 • 7:00 AM EDT • Science • dallasexpress.com
FT and Standard Chartered Book of the Year Award 2026

Contenders include titles on weight-loss drugs, AI weaponry and forecasting

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Oct 6 • 7:20 AM EDT • Business • ft.com
The People on the Move 9/11/2026

Courtesy of Soroptimist International of Fresno Members of the newly chartered Soroptimist International of Fresno gather following the club’s formation in July. The organization launched with 18 members and is led by its first president,

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Sep 11 • 3:00 AM EDT • Business • thebusinessjournal.com
New Discovery Academy Of Science Charter School Is Coming To Wesley Chapel

A new charter school is coming to Wesley Chapel to provide students with a quality educational opportunity in a world that is increasingly reliant on technology, including AI. Discovery Academy […]

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May 17 • 3:24 PM EDT • Science • neighborhoodnewsonline.net
StanChart to Absorb Zodia Subsidiary’s Crypto Custody Business

Standard Chartered Plc plans to acquire the crypto custody business of its majority-owned subsidiary Zodia Custody Ltd., expanding the reach of the bank’s own digital-asset operations.

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May 18 • 5:00 AM EDT • Business • bloomberg.com
Hartford health fair provides information, access to community

The City of Hartford teamed up with the Charter Oak Health Center for an annual tradition, making sure everyone in the capital region can be a little healthier.

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Oct 3 • 7:19 PM EDT • Health • wtnh.com
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices

Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.

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Aug 30 • 9:00 AM EDT • Business • fintechbusinessweekly.substack.com
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About South County: In charter school decision, McKee chose politics over process

Gov. Dan McKee froze charter school growth for three years but he stopped short of commissioning the kind of independent, rigorous study that might actually fix what’s broken.

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Jul 4 • 7:30 AM EDT • Politics • independentri.com
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Hamilton County Business Development Center listed with $6.5M minimum offer

Chattanooga commercial real estate agency NAI Charter has listed the Hamilton County-owned property at 100 Cherokee Blvd. that now serves as the Hamilton Business Development Center and is accepting proposals from potential buyers until Nov. 23.

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Sep 17 • 8:00 PM EDT • Business • timesfreepress.com
Fifth graders bring history to life at Seminole Science Charter School’s Wax Museum

Families, teachers and classmates walked through the “museum,” stopping at each booth to learn more

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May 16 • 2:25 PM EDT • Science • wftv.com
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New Mexico group seeks to ban all corporate, ‘dark’ money spending on politics

The Money Out of Politics New Mexico group argues that states have authority to amend corporate charter powers to prohibit political spending.

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Oct 2 • 1:49 PM EDT • Politics • sourcenm.com
From PA charter student named Doctor of Medical Science program director

Campbell University’s College of Pharmacy & Health Sciences has named Ashley Nordan, DMSc, MHPE, MSCR, PA-C, program director of its… More on this post

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Sep 16 • 11:20 AM EDT • Science • news.campbell.edu
AI in the Aisles: Spectrum Business and Advanced Tech Create Happy Shoppers

For Heritage Grocers Group, speed and data aren’t just technical goals – they’re what keep the shelves stocked, lines moving and customers coming back.

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Jul 6 • 8:00 AM EDT • Business • corporate.charter.com
War, sports collide as Iran's World Cup kicks off in Los Angeles

CBC News reported on the unchartered territory FIFA World Cup 2026 is finding itself in as members of Team Iran arrive in Los Angeles, inviting a divisive collision of geopolitics and sports in an area with a large Iranian diaspora. "You've never had two countries engaged in active military conflict matching up against each other, competing in the same tournament," said Salma Mousa, an assistant professor of political science and affiliated faculty with the Bedari Kindness Institute. Mousa, who studies the intersection of sports and conflicts, worries that a potential July 3 face-off between Iran and the U.S. in Texas might “increase tensions to kind of a cataclysmic degree.” Read more about UCLA in today’s Washington Times.

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Jun 16 • 6:09 PM EDT • Sports • newsroom.ucla.edu
Vaccine enforcement gaps in Pennsylvania charter schools put thousands of children at risk

With Pennsylvania steeped in one of the largest measles outbreaks in the country, charter schools across the state are allowing children into classes without...

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Aug 23 • 5:00 AM EDT • Health • post-gazette.com
Florida Yacht Charter Business Fights $1.5 Million Tax Bill

A Florida yachting venture that participated in high-stakes offshore fishing tournaments before unforeseen setbacks forced a pivot to luxury charters told the US Tax Court the IRS wrongly defined its business as a hobby and assessed more than $1.5 million in tax liabilities.

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May 1 • 2:04 PM EDT • Business • news.bloombergtax.com
Jesus Garcia named new math and science principal at South Jamaica charter school

Jesus A. Garcia has been named the new principal of Advanced Math and Science IV at United Charter High Schools (UCHS) in South Jamaica, which is part of one

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Sep 10 • 11:30 AM EDT • Science • qns.com
Uruguay federation reportedly cancels charter flight after World Cup elimination
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Jun 27 • 4:24 PM EDT • Sports • sports.yahoo.com
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Cincinnati's Charter Committee must get louder or get lost

Opinion: Cincinnati's one-party dominance is weakening debate and accountability. The Charter Committee must evolve to restore balance.

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May 1 • 8:51 AM EDT • Politics • cincinnati.com
Professor's work to improve science communication earns him national fellowship

Even as a child, Gilberto Lopez could sense there was something about the labor his farmworker parents did and the lifestyle it afforded them that didn’t add up.Lopez, a Charter Professor in Arizona State University’s School of Transborder Studies, said his parents were Mexican immigrant farmworkers in California’s Central Valley who “worked the land but never owned it."

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Aug 13 • 2:49 PM EDT • Science • news.asu.edu
Arvest fund hits milestone, bank launches fundraiser - Talk Business & Politics

The Arvest Opportunity Fund, a non-bank subsidiary of Fayetteville-chartered Arvest Bank, recently provided its 1,000th business loan. The bank also recently kicked off its annual Million Meals campaign, a two-month...

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Apr 27 • 1:19 PM EDT • Business • talkbusiness.net
Revised charter aims to give more sports a place on Fairfax County Athletic Council

Changes to membership on the Fairfax County Athletic Council could give a seat at the table to representatives from a wider array of sports. The Fairfax County Board of Supervisors on June 9 approved the body's first significant charter change since 2004, slightly adjusting slots on the 23-member council. Approved by supervisors unanimously and without

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Jun 15 • 3:45 PM EDT • Sports • ffxnow.com
Private, religious and charter sports teams may play in own playoffs in Pennsylvania
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Apr 29 • 6:09 PM EDT • Sports • cbsnews.com
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Guide to Austin politics: The Daily Texan explains city government, local leaders’ roles

The city of Austin is currently developing their annual city budget and considering a bond issue, while several charter amendments (link once story is up) are up for a vote in November. With all this activity in City Hall, the Texan is providing a guide to new UT students on how Austin politics works and...

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Aug 10 • 11:52 PM EDT • Politics • thedailytexan.com
OSU becomes first Health Promoting University in Oregon

Oregon State University is working toward its commitment to student and employee wellbeing by becoming the first Oregon university officially committed to be a Health Promoting University. In a ceremony on Wednesday, May 20, university officials adopted the Okanagan Charter to make this commitment official.

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May 22 • 6:35 PM EDT • Health • today.oregonstate.edu
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NHL strikes local broadcast deal with Charter for four teams

The NHL has negotiated direct-to-distributor deals for four of its teams that were left without local media rights agreements this upcoming season following the collapse of Main Street Sports Group, the now-defunct owner of the FanDuel Sports Networks. According to a report by Alex Silverman in Sports Business Journal, the NHL has negotiated multiyear linear…

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Sep 23 • 5:00 PM EDT • Sports • sports.yahoo.com
FT and Standard Chartered Business Book of the Year Award 2026

Contenders include three former winners and titles on power, innovation and society

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Aug 16 • 11:00 PM EDT • Business • ft.com
Charter Revision Politics: A Primer

What Mayor Mamdani’s COGE might accomplish — and why changing the charter has become so common and so complicated

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Jun 3 • 9:33 AM EDT • Politics • vitalcitynyc.org
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Trumps cash in as Congress passes, debates crypto bills

Demands for oversight by Democrats likely to grow after regulators award president's sons a digital currency charter

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Aug 21 • 12:05 AM EDT • Politics • njspotlightnews.org
HHS vaccine committee quietly gets new charter

Lax clinical oversight for online GLP-1 prescriptions, proposed financial help for people who want to quit smoking, and more health news

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Jul 20 • 9:01 AM EDT • Health • statnews.com
Howard County bus business acquired by Maryland firm

A Howard County bus charter firm owned by the same family for more than 75 years has been acquired by another Maryland company. Eyre Bus Service, which owns and operates 22 motor coaches from its Glenelg headquarters,

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Sep 22 • 2:48 PM EDT • Business • wbal.com
Opposing political groups go head-to-head on Austin’s Prop I

Two political groups in Austin are at odds over a charter amendment proposition on the November ballot, and both held press conferences on Wednesday to share why they support or oppose the measure.

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Oct 7 • 6:14 PM EDT • Politics • yahoo.com
Tracy Rietzke Inducted Into Kansas Sports Hall of Fame

Former Kansas Wesleyan standout player and coach Tracy Rietzke ’77 was inducted into the Kansas Sports Hall of Fame Sunday in Kansas City, Kansas. Rietzke was part of a KSHOF record 32-person class inducted into the Hall of Fame in 2026. KSHOF officials divided the inductions into three separate ceremonies concluding on Sunday at Sporting Park. Rietzke retired from coaching volleyball at Rockhurst University following the 2019 season, leading the Hawks for 32 seasons, amassing a 1105-229 record (.828 win percentage). He also coached eight seasons in women’s basketball at Rockhurst from 1988 to 1996, leading the Hawks to a 206-45 record and five NAIA National Championship appearances. Before heading to Kansas City and Rockhurst, Rietzke coached at Kansas Wesleyan after a stellar playing career for the Coyotes. Rietzke coached volleyball, women’s basketball and softball at KWU. In volleyball, Rietzke coached six seasons leading the Coyotes to a 172-56 record. He never won less than 25 games in a season and had three 30-win seasons, the only three in program history, culminating with a 34-9 season in his final year in 1987. He still ranks second in all-time coaching wins at KWU. In women’s basketball, he coached six seasons, leading the Coyotes to a 94-60 record. His career culminated with a 25-5 season in 1987-88, earning the program’s first KCAC Championship that season and the program’s only conference title until 2009. He ranks third all-time in career wins at KWU in the sport. In softball, Rietzke started the dynasty of KWU softball in the 1980’s and 1990’s, leading the program for six seasons, amassing a 126-40 record, ranking third in all-time wins in program history. Rietzke’s teams never finished worse than third place in the KCAC and won or shared four straight conference championships from 1985 through 1988. The Kensington, Kansas native brought his basketball talents to Kansas Wesleyan after two seasons at York College (now University) in York, Nebraska after starring at Kensington High School. In two seasons with the Coyotes, he was a two-time All-KCAC honoree and was an Honorable Mention NAIA All-American in 1976. He continues to hold the KWU school records for season field goal percentage (.771) in 1976, and the career field goal percentage record (.692 (423/611)). His .771 field goal percentage in 1976 led the NAIA. Rietzke is also a member of the Jerry Jones Kansas Wesleyan University Coyote Athletic Hall of Fame (a 1986 charter member), the Missouri Sports Hall of Fame, the American Volleyball Coaches Association Hall of Fame and the Rockhurst University Athletic Hall of Fame. KWU will sponsor Smoky Hills PBS’ presentation of the induction, which will be presented on tape-delay later this fall. Stay tuned to university social media outlets for the announcement of a date and time. Release Courtesy of KWU Athletics

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Aug 17 • 5:54 PM EDT • Sports • kwu.edu
Why Some Business Leaders Are Rethinking The ROI Of Private Aviation

Here's how some executives are evaluating commercial flights, charter, and fractional ownership through a different lens.

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Aug 17 • 7:40 PM EDT • Business • forbes.com
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Eric Adams' charter commission moves forward without Mamdani's support

The commission has announced four upcoming public hearings.

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May 20 • 11:05 AM EDT • Politics • ny1.com
San Antonio charter schools partner as enrollment declines loom

The School of Science and Technology is bringing Compass Rose Public Schools under its umbrella.

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Sep 4 • 3:30 PM EDT • Science • expressnews.com
Charter School Makes Waves in Science, Tech, and Engineering

Three 8th grade teams were selected from BFCCPS following an in school STEAM student showcase.

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May 22 • 5:02 AM EDT • Science • franklinobserver.town.news
America’s oldest chartered hospital is now a Philly museum. Its lead curator wants you to have a ‘fabulous experience’

To mark Pennsylvania Hospital’s 275th anniversary, archivist Stacey Peeples is leading its transition into a museum for the public, open May 8.

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May 8 • 6:00 AM EDT • Health • whyy.org
Feds investigating if captain of boat that flipped in New York Harbor was running illegal charter business
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Aug 10 • 8:17 AM EDT • Business • nypost.com
New Orleans Charter Science & Mathematics High School to Unveil Electric School Bus Fleet

/PRNewswire/ -- New Orleans Charter Science & Mathematics High School (Sci High) will unveil its new electric school bus fleet during a ribbon cutting event in...

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Apr 29 • 9:30 AM EDT • Science • prnewswire.com
Charter, PENN Entertainment, and Carriage Services Stocks Trade Up, What You Need To Know

A number of stocks jumped in the afternoon session after oil prices fell on hopes of a US-Iran peace deal.

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Jun 12 • 10:13 PM EDT • Entertainment • finance.yahoo.com
What Austin voters should know about Prop I and the other local propositions on the ballot

There are eight proposals on the Nov. 3 ballot that would amend the city of Austin’s charter. Here is what you need to know.

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Oct 19 • 6:00 AM EDT • Politics • kut.org
Tommy Sullivan and John Ziegler to Perform at LI Music & Entertainment Hall of Fame on Aug 16th

As part of the Long Island Music and Entertainment Hall of Fame Soundtrack to Summer Series, Musician Tommy Sullivan (a member of the Brooklyn Bridge) will perform LIVE music and Comedian John Ziegler will open with comedy set at the Long Island Music and Entertainment Hall of Fame in Stony Brook Village (97 Main Street, Stony Brook, NY) on Aug. 16th from 3-4pm. The event is free for members or with general admission ticket purchase or $10 at the door concert ticket purchase. For details on this and upcoming events please visit https://www.limusichalloffame.... About Tommy Sullivan A life-long Long Islander and proud U.S. Army veteran, Tommy Sullivan enlisted in 1965 and was accepted to the United States Military Academy Band, where he created the first official rock group at West Point. Reentering civilian life in 1968, he helped create the Rhythm Method, a 7-piece Long Island band which was discovered by Johnny Maestro, then singing lead with the Del-Satins. The combined groups became the Brooklyn Bridge. As band leader and musical director, Tommy penned the group’s horn arrangements on every Bridge hit, including their gold record, Worst that could happen. Upon leaving the Bridge, Tommy co-founded Atlantic Records’ supergroup Ramatam, which was Jimi Hendrix Experience drummer Mitch Mitchell’s first group following Hendrix’ death. For the second Ramatam LP Tommy wrote and orchestrated original material which featured select members of the NY Philharmonic Orchestra. Together with Johnny Maestro, Tommy co-produced Johnny’s final CD, Peace on earth. The critically acclaimed album features Tommy’s arrangements & orchestrations, plus several of his original songs. A Charter Inductee to the LI Music Hall of Fame, Tommy Sullivan continues to write, record, arrange and produce records, serve as musical director/ arranger/conductor for projects across many musical genres plus donates dozens of performances annually for numerous charity events. Tommy Sullivan’s dynamic and unique one-man show, A thousand memories, featuring his vocals and performances on four instruments, has been packing concert auditoriums, nightclubs, private parties–even vineyards-for the past several years. John Zeigler Born and raised in New York, John has performed stand-up comedy for close to 20 years and was the winner of the 2016 "Funniest Comic on the East Coast" Contest at Mohegan Sun. John's opened for such comics as Sebastian Maniscalco, Gilbert Gottfried, Jim Breuer and Robert Klein. He currently headlines clubs across the country and regularly tours with legendary comedian Bobby Collins. John recently released his Dry Bar Comedy Special and Getting My Affairs in Order.

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Aug 3 • 3:39 PM EDT • Entertainment • iloveny.com
St. Louis residents may change how the city fills vacancies at the Board of Aldermen

St. Louis has used a nonpartisan approval voting system with runoffs since 2020, but the city's charter requires partisan special elections to fill aldermanic vacancies.

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Oct 12 • 6:00 AM EDT • Politics • stlpr.org
Colorado real estate veteran casts off with launch of charter fishing business

After a decade in Denver real estate, Ilan Reissner has traded apartment deals for fishing trips. His new charter business takes corporate groups and families onto two Denver-area reservoirs.

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Oct 11 • 6:00 AM EDT • Business • denverpost.com
The National Academy of Sciences Elects Two Berkeley Lab Researchers

Two Lawrence Berkeley National Laboratory (Berkeley Lab) scientists have been elected to the National Academy of Sciences (NAS) in recognition of their distinguished and continuing achievements in original research. They are part of a cohort of 120 new members and 25 international members. The National Academy of Sciences is a private, nonprofit institution that was established under a congressional charter signed by President Abraham Lincoln in 1863. It recognizes achievement in science by election to membership, and — alongside the National Academy of Engineering and the National Academy of Medicine — provides science, engineering, and health policy advice to the federal government and other organizations. The 2026 electees bring the total number of active members to 2,705 with 557 international members. Gary Karpen is a biologist senior faculty scientist in Berkeley Lab’s Biological Systems and Engineering Division and a Professor of Cell and Developmental Physiology in the Department of Molecular and Cell Biology at UC Berkeley. Karpen studies how the structure, organization, and maintenance of genetic material impact inheritance and cell function. His lab focuses on chromatin — a packaged form of DNA strands wrapped around proteins that comprises our chromosomes — with a particular emphasis on centromeres, rarely expressed sequences called heterochromatin, DNA repair, and regulatory RNAs. His research reveals insights into fundamental aspects of nuclear organization and genome regulation that are shared across the tree of life, broadening our understanding of cancer and other diseases, birth defects, and aging. Kam-Biu Luk is a Professor Emeritus of physics at UC Berkeley and a retired senior faculty scientist in Berkeley Lab’s Physics Division. He is an experimental particle physicist whose research has focused on neutrinos: nearly massless, electrically neutral elementary particles that can pass through matter virtually undetected. Neutrinos are created during radioactive decay processes, including the fusion process occurring in stars and the fission process that powers nuclear reactors. Luk initiated and co-led the Daya Bay Reactor Neutrino Experiment, a project based in China with more than 200 international collaborators. In 2012, the Daya Bay experiment discovered a new form of a phenomenon called “neutrino oscillation” in which neutrinos change from one type to another. For this discovery, Luk and his collaborator Yifan Wang received the 2014 American Physical Society Division of Particles and Fields W.K.H. Panofsky Prize for outstanding work in experimental particle physics, and he was also the co-recipient of the 2016 Breakthrough Prize. Luk is currently participating in the Deep Underground Neutrino Experiment (DUNE) hosted by Fermi National Accelerator Laboratory, which will investigate any potential difference in behavior between neutrinos and antineutrinos that may shed light on the evolution of the universe, especially why antimatter is absent in the present universe. ### Lawrence Berkeley National Laboratory (Berkeley Lab) is committed to groundbreaking research focused on discovery science and solutions for abundant and reliable energy supplies. The lab’s expertise spans materials, chemistry, physics, biology, earth and environmental science, mathematics, and computing. Researchers from around the world rely on the lab’s world-class scientific facilities for their own pioneering research. Founded in 1931 on the belief that the biggest problems are best addressed by teams, Berkeley Lab and its scientists have been recognized with 17 Nobel Prizes. Berkeley Lab is a multiprogram national laboratory managed by the University of California for the U.S. Department of Energy’s Office of Science. DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.

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May 7 • 11:00 AM EDT • Science • newscenter.lbl.gov
Yacht entrepreneur meets demand for high-end water access

After building a charter business, Brian Crotty has founded two additional boating companies and acquired a sailing and boating school out of bankruptcy.

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Sep 2 • 5:00 AM EDT • Business • businessobserverfl.com
[8-K] ALLIANCE ENTERTAINMENT HOLDING CORP Reports Material Event

Alliance Entertainment Holding Corporation reports that majority stockholders delivered a written consent on June 24, 2026 approving a major charter change.

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Jun 29 • 4:46 PM EDT • Entertainment • stocktitan.net
I On Politics

CB3 MONTHLY MEETING: Community Board 3 will hold its Monthly Board Meeting on Thursday, October 15, 2026 at 7:00pm at Renaissance Charter School Audi­torium, 35-59 81st Street, Jackson Heights. Scheduled to speak is Detective Bayron Gonza­lez from the 115th Precinct. 114 PCT COMMUNITY COUNCIL MEETING: The monthly meeting of the 114th Precinct Community Council

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Oct 14 • 10:20 AM EDT • Politics • qgazette.com
FT and Standard Chartered Book of the Year Award 2026

Contenders include titles on weight-loss drugs, AI weaponry and forecasting

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Oct 6 • 7:20 AM EDT • Technology • ft.com
Charter School Makes Waves in Science, Tech, and Engineering

Three 8th grade teams were selected from BFCCPS following an in school STEAM student showcase.

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May 25 • 12:53 AM EDT • Science • franklinobserver.town.news
Arvest to open first Texas location

Fayetteville-chartered Arvest Bank will open a loan production office in Frisco, Texas, later this year. It will be Arvest’s first Texas location. The new office will be in a new...

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Jul 16 • 1:46 PM EDT • Business • talkbusiness.net
Local entrepreneur bets on New Orleans, opens new bank amid a wave of consolidations

He's spent his career running McDonald's locations and now he's opening the first new bank charter in New Orleans in 16 years. Here's how it happened.

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Sep 15 • 5:00 AM EDT • Business • nola.com
Academies of Math and Science Plans New Fort Smith School

Families in Fort Smith will have a new tuition-free K–8 public charter school option in fall 2027, with the Academies of Math and Science

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Sep 23 • 10:36 AM EDT • Science • armoneyandpolitics.com
The An-124 Charter Business: Antonov, Volga-Dnepr, SALIS

How NATO ended up renting Soviet-designed freighters from a Ukrainian and a Russian airline — and what happened to the An-124 charter market after 2022.

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Sep 23 • 9:07 AM EDT • Business • migflug.com
Main Street Sports sues Comcast, Charter for underpaid licensing fees

Main Street has been in the process of winding down its portfolio of regional sports networks since the the NHL and NBA seasons ended earlier this year.

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Aug 24 • 5:53 PM EDT • Sports • cnbc.com
School behavioral health professionals to be honored - State of Delaware News

The state will name its 2026 Delaware Behavioral Health Professional of the Year at a statewide celebration on Monday, May 18th. Delaware’s districts and the Delaware Charter School Network named local Behavioral Health Professionals of the Year for 2026. Following an application and interview process, one will be named the state honoree.

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May 13 • 11:00 AM EDT • Health • news.delaware.gov