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What's that 1912 home on Commercial in south Salem turning into?

Crews remodeled an office space and are building a coffee shop on the east side of the property along Commercial Street in south Salem.

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Oct 23 • 7:55 AM EDT • Business • statesmanjournal.com
This election ‘may break our campaign finance laws,’ warns Idaho secretary of state

Opponents of Proposition 1 have been particularly noncompliant, the secretary of state says.

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Oct 22 • 6:00 AM EDT • Politics • idahostatesman.com
Actor, activist Jane Fonda makes appearances, endorsements in Oregon

Actor and progressive activist Jane Fonda made appearances in Salem and Portland to support Oregon Democratic candidates for the November election.

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Oct 19 • 8:56 PM EDT • Politics • statesmanjournal.com
Why is a New York-based betting site donating to Idaho politicians?

A donation doesn’t necessarily buy a vote, a Boise State political science professor said. But it “gets you a foot in the door.”

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Oct 17 • 6:00 AM EDT • Politics • idahostatesman.com
Central District Health has $250K to fight Ada County rats. Here’s where it’s going

The health district is making money available to help homeowners combat rat infestations. Does your household qualify?

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Oct 16 • 5:51 PM EDT • Health • idahostatesman.com
Barbara Bush's latest political move backs James Talarico's U.S. Senate bid

Barbara Bush gave $2,500 to Lone Star Rising PAC, which supports Democrat James Talarico in his U.S. Senate race against Republican Ken Paxton.

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Oct 16 • 4:47 PM EDT • Politics • yahoo.com
‘The money, not the message.’ Idaho debates how to manage free speech in elections

In the thick of election season, Idaho’s secretary of state held a Free Speech Summit for state officials and lawmakers.

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Oct 15 • 6:00 AM EDT • Politics • idahostatesman.com
Idaho Gov. Brad Little announces record-breaking campaign contributions

The previous record was held by his 2022 reelection campaign. See how much he’s raised.

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Oct 14 • 1:02 PM EDT • Politics • idahostatesman.com
Gov. Tina Kotek issues new executive order on healthcare access, costs

Gov. Tina Kotek on Oct. 13 issued a wide ranging executive order aimed at protecting access to healthcare ahead of looming federal changes.

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Oct 13 • 5:00 PM EDT • Health • statesmanjournal.com
How to watch the Texas vs Oklahoma game today

Texas football plays Oklahoma on Oct. 10, 2026. Looking for information on Saturday's Red River Rivalry game? You're in the right place.

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Oct 10 • 7:58 AM EDT • Sports • sports.yahoo.com
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Trump Awards High Honors in Tech and Science to Trio of Texas Residents
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Oct 9 • 10:34 AM EDT • Science • yahoo.com
Idaho deserves a competent lawyer and politician for attorney general

An attorney general can have personal views on political issues but cannot ethically inject them into legal advice or court. | Opinion

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Oct 8 • 6:00 AM EDT • Politics • idahostatesman.com
Marion County health inspectors find dripping sewage during inspection

Marion County health inspectors find improper sewage disposal, workers incorrectly wearing gloves and buildup of grease during inspections.

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Oct 6 • 12:21 PM EDT • Health • statesmanjournal.com
Over 50 former deputy attorneys general endorse AG Raul Labrador’s opponent

The officials, including former Idaho Attorney General Lawrence Wasden, said Labrador had politicized the office.

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Oct 6 • 6:00 AM EDT • Politics • idahostatesman.com
Week 6 honor roll for Central Texas high school football

Week 6 of the Central Texas high school football season is in the books. Here is the honor roll for the Austin area.

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Oct 5 • 6:39 PM EDT • Sports • sports.yahoo.com
Oregon State football at Colorado State live updates, streaming info

Oregon State football will take on Colorado State in Week 5 of the 2026 college football season. Follow along for live updates, streaming info, more.

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Oct 3 • 4:00 PM EDT • Sports • sports.yahoo.com
Austin Police arrest man who made threats against UT amid mental health crisis

The man - an Austin resident who has not been publicly named - is not affiliated with the university.

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Oct 3 • 1:26 PM EDT • Health • yahoo.com
Does Texas football play today? No. 1 Longhorns' remaining schedule

After going 4-0 to begin the season, top-ranked Texas football now awaits a matchup with bitter rival Oklahoma.

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Oct 3 • 12:03 PM EDT • Sports • sports.yahoo.com
How to watch the Texas A&M vs Arkansas game tonight

A pair of 2-2 teams that could desperately use a victory will meet tonight. Here's TV info, time, location and more for Texas A&M vs. Arkansas football Saturday

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Oct 3 • 11:00 AM EDT • Sports • sports.yahoo.com
What's that under construction at Salem's Willamette Town Center?

Crews are preparing to turn a portion of the parking lot at Willamette Town Center into a Maps Credit Union.

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Oct 2 • 12:00 PM EDT • Business • statesmanjournal.com
Drazan joined by chair of Republican governors group as race heats up

Montana Gov. and chair of the Republican Governors Association Greg Gianforte joined Sen. Christine Drazan to meet with business owners in Eugene.

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Oct 1 • 7:05 AM EDT • Business • statesmanjournal.com
Sen. Drazan, Montana governor speak with Eugene-area business leaders

Gubernatorial candidate Sen. Christine Drazan, R-Canby, and Montana Gov. Greg Gianforte heard from the business community in Eugene Sept. 30.

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Oct 1 • 7:05 AM EDT • Business • statesmanjournal.com
‘Clarity and consistency’: Idaho senators, college leaders back sports reform bill

The school presidents at Idaho’s three most prominent public universities are beating the drum for the bipartisan Protect College Sports Act.

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Sep 29 • 2:59 PM EDT • Sports • idahostatesman.com
Now an elder statesman, former Gov. Gray Davis surveys his career in a major Berkeley project

After 17 lengthy recording sessions and more than a decade of review and revision, Davis and the Oral History Center at Bancroft Library are releasing their monumental history of a career that help shape modern California.

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Sep 28 • 5:26 PM EDT • Politics • news.berkeley.edu
Aleksandar Vucic: from Milosevic minister to long-serving Serbian statesman

The dominant force in Serbian politics for over 14 years, Aleksandar Vucic climbed from the wreckage of strongman Slobodan Milosevic's cabinet to the centre of power using his brand of populist nation...

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Sep 27 • 3:29 PM EDT • Politics • yahoo.com
How to watch the Texas vs Tennessee game Saturday

Wondering about betting lines, television info and more for when Texas football plays Tennessee in Knoxville, Tenn. on Saturday? You're in the right place

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Sep 25 • 1:58 AM EDT • Sports • sports.yahoo.com
Who is the most underrated Texas college football player?

Everyone knows college football's biggest stars by now (hey, Arch). But who's the player deserving of more credit or attention?

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Sep 24 • 7:00 AM EDT • Sports • sports.yahoo.com
How to watch the Texas vs Tennessee game

Here is TV channel information, betting lines and more for when Texas football plays Tennessee in Knoxville, Tenn. on Sept. 26, 2026.

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Sep 23 • 7:00 AM EDT • Sports • sports.yahoo.com
Central Texas high school football Week 4 honor roll

Week 4 of the Central Texas high school football season is in the books. Here is the honor roll for the Austin area.

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Sep 22 • 3:14 PM EDT • Sports • sports.yahoo.com
A new documentary traces the changing role of women in Texas Republican politics

New documentary, "Life of the Party," examines how women's roles in Texas Republican politics have changed over three decades through the experiences of Geanie Morrison, Sarah Davis and Mayra Flores.

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Sep 20 • 7:00 AM EDT • Politics • yahoo.com
Oregon State football vs. Montana live updates. Score, TV, streaming

Oregon State football hosts Montana at Reser Stadium in Corvallis. Follow along for live updates.

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Sep 19 • 9:00 PM EDT • Sports • sports.yahoo.com
Latest impressive defensive performance helps undefeated Cedar Ridge stuff Rouse

After allowing nearly 40 points per game last year, Cedar Ridge's defense has dominated so far this season. The Raiders are 4-0 for the first time since 2017.

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Sep 19 • 10:38 AM EDT • Sports • sports.yahoo.com
Health advisory issued for toxins in Oregon Coast lake near Seaside

A health advisory was issued for swimming, fishing, and drinking water in Cullaby Lake near Seaside because of toxins from an algae bloom.

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Sep 17 • 6:40 PM EDT • Health • statesmanjournal.com
How to watch the Texas vs UTSA game

How to watch Texas football play UTSA at home before the Longhorns open SEC play.

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Sep 17 • 3:56 PM EDT • Sports • sports.yahoo.com
Boise’s Hyde Park Street Fair to be biggest ever, with a ‘major change’ all weekend

Tens of thousands are expected to flood the North End over three days for this annual — perpetually growing — end-of-summer tradition.

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Sep 17 • 1:44 PM EDT • Entertainment • idahostatesman.com
What to do at 2026 Salem Art Fair & Festival at Bush's Pasture Park

This year marks the 77th Salem Art Fair & Festival held at Bush's Pasture Park from Sept. 11-13.

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Sep 11 • 8:16 PM EDT • Entertainment • statesmanjournal.com
600,000 Oregonians may be impacted by Medicaid work requirement changes

More than half a million Oregonians who are currently enrolled in the Oregon Health Plan could be impacted by new work requirements.

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Sep 9 • 9:19 PM EDT • Health • statesmanjournal.com
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The lives of Idaho wilderness guides seem ideal but often hide pain

It’s an emotional let-down when the river runs end for the season and the wonderful people she met along the way are gone | Opinion

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Sep 9 • 6:00 AM EDT • Health • idahostatesman.com
Activists detained at Oregon State Capitol protesting lithium mine

Activists from Portland, Eugene and southern Oregon were urging Gov. Tina Kotek to step in and stop a controversial lithium mining project.

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Sep 8 • 6:20 PM EDT • Politics • statesmanjournal.com
Week 2 honor roll for Austin-area high school football

Week 2 of the Central Texas high school football season is in the books. Here is the honor roll for the Austin area.

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Sep 7 • 9:24 PM EDT • Sports • sports.yahoo.com
Ohio candidate Amy Acton attacked at fair, spokesperson says

Ohio Democratic gubernatorial candidate Amy Acton was attacked at a campaign stop by an armed person, according to a campaign spokesperson.

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Sep 6 • 6:07 PM EDT • Politics • statesmanjournal.com
Oregon State football vs Houston updates. Score, highlights, analysis

The Oregon State Beavers and first-year head coach JaMarcus Shephard open the 2026 football season at Houston. Follow along for live updates.

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Sep 5 • 10:01 AM EDT • Sports • statesmanjournal.com
Last-minute Texas vs Texas State tickets are still available

Last-minute tickets for Texas vs. Texas State are still available. Here's where to buy seats, including the cheapest prices at StubHub, SeatGeek and Vivid Seats.

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Sep 4 • 8:30 PM EDT • Sports • sports.yahoo.com
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Former Salem Grand Theatre managers owe $100K in rent, owners say

The owners of the historic Grand Theatre say former managers, Alex and Andrew Hussey, also owe more than $100,000 in back rent.

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Sep 3 • 8:45 PM EDT • Entertainment • statesmanjournal.com
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Unsafe levels of fecal bacteria in Siletz Bay trigger health advisory

The Oregon Health Authority issued a public health advisory for unsafe levels of fecal bacteria in the water at Siletz Bay in Lincoln City.

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Sep 3 • 6:36 PM EDT • Health • statesmanjournal.com
A judge expanded abortion access in Idaho last month. Another court paused his decision

Idaho Attorney General Raúl Labrador said the ruling “means unborn children and their mothers in our state are protected under Idaho law.”

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Sep 3 • 5:22 PM EDT • Politics • idahostatesman.com
Sports betting isn't legal in Texas. So why is DraftKings available?

Texans have access to some DraftKings products even though traditional sports betting remains prohibited in the state.

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Sep 3 • 7:00 AM EDT • Sports • sports.yahoo.com
Hours, tickets, things to see at 2026 Oregon State Fair in Salem

The 2026 Oregon State Fair continues through Labor Day, Sept. 7, at the Oregon State Fairgrounds in Salem. Here's what to know before you go.

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Sep 1 • 3:53 PM EDT • Entertainment • statesmanjournal.com
Predicting Kentucky’s 2026 Record

It's a new era for Kentucky football as Mark Stoops is out after 13 seasons in Lexington. The Cats replaced the league's elder statesman with the youngest coach in the SEC, 36-year-old Will Stein. A Louisville native, Stein played college football for the Cards while his father played for Jerry Claiborne and the Wildcats in …

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Sep 1 • 10:00 AM EDT • Sports • sports.yahoo.com
Austin American-Statesman: Yes to women in sports. No to rigid quotas in Title IX enforcement

The government should abandon its quota-driven enforcement policies and return decision-making about athletics back to schools and students.

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Aug 31 • 3:49 PM EDT • Sports • pacificlegal.org
Veterinary science building opens

Utah State University’s College of Veterinary Medicine began its second year of operation this week, with first-year and second-year students…

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Aug 31 • 7:00 AM EDT • Science • usustatesman.com
For Boise State, EA Sports College Football 25 was quite a financial windfall

The reported sum for the program vastly outdid what other Mountain West schools received in fiscal year 2025, which ended last summer.

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Aug 18 • 12:30 PM EDT • Sports • idahostatesman.com
Healthcare horror stories punctuate Wyden town hall in Salem

For two hours, dozens of Oregonians told Sen. Ron Wyden and Rep. Andrea Salinas stories about the horrors they face accessing proper care.

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Aug 13 • 8:22 PM EDT • Health • statesmanjournal.com
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Could Boise State football go 12-0? USA Sports’ lead analyst thinks it’s possible

“Simply put, they are expectation-wise probably the leader in the clubhouse on who should win this conference,” Ryan Leaf said.

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Aug 10 • 5:23 PM EDT • Sports • idahostatesman.com
Oregon lawmakers condemn reported attack against Sen. Janeen Sollman

Sen. Janeen Sollman was reportedly verbally and physically accosted by a man on Aug. 8, prompting bipartisan condemnation of political violence.

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Aug 10 • 2:26 PM EDT • Politics • statesmanjournal.com
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With no Democrat on the ballot, does Idaho’s Jim Risch become vulnerable?

“I think we stand a real chance now at shocking the country and defeating Risch,” the chair of the Ada County Democrats said.

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Jul 30 • 3:53 PM EDT • Politics • idahostatesman.com
Your body vs. wildfire smoke. As Boise breathes bad air, it’s a fight for good health

The negative health effects of inhaled wildfire smoke can be many, as people’s lungs and oxygen delivery in the blood can suffer.

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Jul 30 • 6:00 AM EDT • Health • idahostatesman.com
Salem Health-Santiam Hospital merger needs public input, Oregon DOJ says

The Oregon Department of Justice is hosting a virtual forum for public input on the proposed merger between Salem Health and Santiam Hospital.

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Jul 23 • 8:21 PM EDT • Health • statesmanjournal.com
Back in court: St. Luke’s sues private Idaho prison health contractor

Corizon, now called Tehum, faces a $31 million lawsuit from St. Luke’s, which stems from the settlement of a previous suit.

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Jul 12 • 6:00 AM EDT • Health • idahostatesman.com
Why Kotek is directing Oregon to prioritize small business contracts

Oregon small businesses will get preference in state contracting, Gov. Tina Kotek announced. Here's why.

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Jul 2 • 6:12 PM EDT • Business • statesmanjournal.com
Oregon Health Authority director Dr. Sejal Hathi resigns

Oregon Health Authority director Dr. Sejal Hathi resigned from her position leading one of the state's largest agencies, effective Aug. 1.

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Jul 2 • 12:42 PM EDT • Health • statesmanjournal.com
Marion County leaders blast 'unnecessary' OHA rules, demand rescission

Marion County leaders are asking the Oregon Health Authority to rescind recent rule changes they say endanger patients, staff and the community.

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Jul 1 • 4:55 PM EDT • Health • statesmanjournal.com
Hahn can lead Boise State University, Idaho business into the future

To ensure continued success, we must have effective education institutions with strong leadership at the helm. | Opinion

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Jun 23 • 6:00 AM EDT • Business • idahostatesman.com
The Political Education of Mark Carney

On the world stage, Canada's prime minister is a statesman. In Ottawa, he is a ward boss.

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Jun 21 • 7:00 AM EDT • Politics • politico.com
What we know about the Salem business owner facing denaturalization
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Jun 19 • 11:25 AM EDT • Business • statesmanjournal.com
Ken Ziffren on 50 Years of UCLA Entertainment Law Symposiums

Ken Ziffren, an elder statesman of entertainment law and Ziffren Brittenham partner, reflects on 50 years of dealmaking as UCLA.

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Jun 17 • 12:43 PM EDT • Entertainment • variety.com
Independents are rising in Idaho political contests

For years, I have believed that the future of moderate to right of center politics in Idaho is what I call fusion politics. | Opinion

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Jun 10 • 6:00 AM EDT • Politics • idahostatesman.com
Oregonian exposed to hantavirus returns home, goes into quarantine

An Oregonian is home and in quarantine following exposure to a deadly hantavirus outbreak on a cruise ship.

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Jun 2 • 5:55 PM EDT • Health • statesmanjournal.com
Every concert announced for the 2026 Oregon State Fair so far

Who's playing the Oregon State Fair this summer? Here's the list of everyone announced so far.

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Jun 1 • 8:02 AM EDT • Entertainment • statesmanjournal.com
Is Salem's REACH team the 'missing puzzle piece' for people in crisis?

Four months after its launch, a new three-person team is staying busy responding to mental health crisis and substance use disorder calls in Salem.

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May 30 • 7:01 AM EDT • Health • statesmanjournal.com
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How to watch Euphoria tonight on Sling with HBO Max

Only two episodes remaining! Euphoria comes to its highly-anticipated end soon. Stream tonight's new episode on Sling with HBO Max.

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May 24 • 1:47 PM EDT • Entertainment • statesmanjournal.com
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Man accused of threatening mass shooting at Luling business taken into custody

Deputies and police agencies tracked and arrested a man accused of threatening a mass shooting in Luling Friday.

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May 20 • 8:09 AM EDT • Business • yahoo.com
Polls have closed in Idaho Legislature races. Here’s what we know

In many districts, more-moderate Republicans challenged far-right incumbents for their seats. See how they did.

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May 20 • 12:30 AM EDT • Politics • idahostatesman.com
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.

Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe

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May 15 • 3:04 AM EDT • Politics • adamtooze.substack.com
What to know about 'Yellowstone' spinoff 'Dutton Ranch' ahead of premiere

The long-awaited “Dutton Ranch” premiere is set for Friday, May 15, debuting two episodes that introduce life after “Yellowstone” for Beth and Rip.

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May 11 • 9:01 AM EDT • Entertainment • statesmanjournal.com
Texas baseball beats Tennessee, becomes 1st program to 1,500 wins

Casey Borba hit two home runs against Tennessee as Texas baseball claimed the 1,500th win in program history Sunday.

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May 11 • 2:46 AM EDT • Sports • sports.yahoo.com
With ex-patients dying, Idaho was ‘flipping couch cushions’ to restore this program

Lawmakers cobbled together the money to restore a critical mental health program. But not all patients can be found, and its future is murky.

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May 4 • 2:52 PM EDT • Health • idahostatesman.com
How Latter-day Saints church members’ politics have shifted

A Boise State professor said President Donald Trump’s rhetoric has helped drive the change.

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May 4 • 6:00 AM EDT • Politics • idahostatesman.com
How to update your political party affiliation ahead of Oregon primary

April 28 is the deadline to update your party affiliation in Oregon ahead of the May 19 primary.

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Apr 26 • 7:01 AM EDT • Politics • statesmanjournal.com
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Why Republican Chris Dudley wants to be Oregon's next governor

In an interview with the Statesman Journal, Republican gubernatorial candidate Chris Dudley said Oregon needs a \

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Apr 26 • 7:01 AM EDT • Politics • statesmanjournal.com
Marion County's top two health department officials abruptly leave

The top two administrators in Marion County’s Health and Human Services department left the county at the same time.

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Apr 25 • 11:00 AM EDT • Health • statesmanjournal.com
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Apr 25 • 7:01 AM EDT • Entertainment • statesmanjournal.com
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Eagle man sentenced for defrauding Garden City business, IRS

EAGLE (Idaho Statesman) — An Eagle man has been sentenced to 52 months in federal prison on embezzlement and tax fraud charges, according to the United States Attorney’s Office for the District of Idaho. Miles J. Elletson, 55, pleaded guilty to wire fraud and filing false tax returns, defrauding Alloway Electric, a contracting company in […]

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Apr 18 • 6:48 PM EDT • Business • eastidahonews.com
Pop star boyfriend posting from Coachella, celebrity statesman, global brand: Justin Trudeau’s offbeat political afterlife

While Canadian prime ministers have taken staid routes after leaving office, Trudeau has tread a different path

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Apr 17 • 4:00 AM EDT • Politics • theguardian.com
Is it legal to put political signs along Oregon highways? What law says

Is it legal to put political signs along Oregon highways? Here's what Oregon Department of Transportation says.

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Apr 15 • 7:02 AM EDT • Politics • statesmanjournal.com
Decades-old Idaho campaign finance laws remain on the books. Why reforms failed

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Apr 13 • 3:19 PM EDT • Politics • idahostatesman.com
Measles exposure at Boise Airport? Idaho health officials issue warning

The Department of Health and Welfare said people traveling through on this date should watch for symptoms. Many flyers are being contacted.

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Apr 9 • 7:31 PM EDT • Health • idahostatesman.com
Oregon health officials urge vaccination for measles amid high cases

Oregon health officials report 13 measles cases so far in 2026, urging unvaccinated residents to get immunized as national cases rise.

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Apr 3 • 7:42 PM EDT • Health • statesmanjournal.com
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Don't gift children chicks, ducklings for Easter. Here's why

Oregon health officials warn against gifting live poultry for Easter due to Salmonella risk, especially for young children.

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Apr 3 • 2:31 PM EDT • Health • statesmanjournal.com
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Idaho Democratic leaders say Republican-led cuts are an ‘unbelievable mess’

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Apr 3 • 2:30 PM EDT • Politics • idahostatesman.com
Austin weighs allowing front-yard businesses to help residents launch dreams from home

Austin is considering a pilot program to allow more home-based and “front yard” businesses, aiming to lower startup costs and help residents launch small ventures within their neighborhoods.

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Apr 3 • 6:00 AM EDT • Business • yahoo.com
Idaho shouldn’t order my business how to organize bathrooms

And business owners would be forced to do what, exactly? Remodel their bathroom structure? Will the government be paying? | Opinion

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Apr 1 • 6:00 AM EDT • Business • idahostatesman.com
Sign on shuttered Keizer store accuses Bricks & Minifigs of Lego theft

A dispute over what was once dubbed "one of the largest collections of Star Wars Lego figures in the world" led to a Keizer Police investigation.

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Mar 21 • 7:03 AM EDT • Business • statesmanjournal.com
Ben Sasse is a true statesman. We need more like him.

Former Republican Sen. Ben Sasse of Nebraska announced last year he was dying of pancreatic cancer. But he's still showing what leadership looks like.

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Mar 9 • 4:01 AM EDT • Politics • usatoday.com
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New $11.3M luxury pickleball and entertainment district coming to Bee Cave in 2027

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Feb 27 • 6:00 AM EST • Entertainment • yahoo.com
What new plan says Oregon can do to retain behavioral health workers

Oregon needs to improve recruitment, credentialing and training of behavioral health workers, a report from a council formed by Gov. Tina Kotek said.

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Feb 20 • 3:10 PM EST • Health • statesmanjournal.com
Salem pauses sign code enforcement after business complaints

After hearing from businesses about the challenges with the city's sign code, Salem leaders are pausing sign code enforcement for six months.

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Feb 10 • 5:19 PM EST • Business • statesmanjournal.com
What's that new business opening on Lancaster in northeast Salem?

A Take 5 Oil Change is under construction on Lancaster Drive in northeast Salem.

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Feb 6 • 7:00 AM EST • Business • statesmanjournal.com
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Thousands of Californians move to Idaho every year. Who are they?

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Jan 28 • 6:00 AM EST • Politics • idahostatesman.com
Salem City Council to vote on repealing downtown parking tax

Salem City Council will vote on Jan. 26 on whether to advance a bill repealing the Downtown Parking Tax District.

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Jan 24 • 7:02 AM EST • Business • statesmanjournal.com