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NYC Health + Hospitals/Jacobi Unveils Art Exhibit for Behavioral Health Patients with Ribbon Cutting Ceremony
Bronx, NY – NYC Health + Hospitals/Jacobi’s Comprehensive Addiction Treatment Center (CATC) unveiled a new art exhibit from NYC Health + Hospitals’ art
Investors are having doubts about Elon Musk’s grandiose ambitions
SpaceX is spending gobs of money to refashion itself as an AI company
New Golisano Children’s Mobile Health Clinic to Serve Communities Throughout Rochester
University of Rochester Medicine Golisano Children's launched its Pediatric Mobile Clinic Initiative with a ribbon-cutting ceremony attended by community leaders, healthcare providers, donors, and Rochester leaders.
SSM Health appealing certification of union vote at St. Mary's Hospital in Madison
National Labor Relations Board staff certified the union election late last month after nurses voted 511-63 to unionize with the Service Employees International Union of Wisconsin.
Texans sign WR Montrell Washington
The Texans signed wide receiver Montrell Washington, the team announced Wednesday.
iPhone 18 Pro event date: Six years of Apple announcements
Apple has announced its event two weeks in advance for four straight years, pointing to a likely iPhone 18 Pro event announcement this month.
Sanofi suspends chronic lung disease phase 2 study, tied to ‘strategic business reasons’
Sanofi halted a phase 2 trial testing a monoclonal antibody, SAR445399, in non-cystic fibrosis bronchiectasis, Fierce Biotech has learned. The trial, which began only back in April, was a randomized, double-blind, placebo-controlled study to measure the reduction in mucus plug score following treatment with SAR445399 compared with placebo in adults aged 18 to 80 years with NCFB, a chronic lung disease. The trial was officially reported as halted on July 29, the day before Sanofi’s second-quarter earnings call. The decision to pause the trial was made “as part of a company-wide portfolio review for strategic business reasons,” and not due to safety concerns, a Sanofi spokesperson told Fierce. The move to pause the NCFB trial comes during a trying time for Sanofi following a year filled with a series of trial fails. In February, the French pharma ousted CEO Paul Hudson and appointed Merck KGaA leader Belén Garijo, M.D., Ph.D., to steer the ship. Since then, Garijo has been doing a deep dive on correcting the company’s strewn R&D and clinical strategies. On July 24, Sanofi scrapped amlitelimab for atopic dermatitis, despite its lore as being a potential $5 billion blockbuster. During its second-quarter report, the company abandoned two more assets, balinatunfib and itepekimab, following failed trial results in psoriasis and chronic obstructive pulmonary disease, respectively. SAR445399, only first revealed by Sanofi in 2023, is an anti-interleukin-1 receptor 3 monoclonal antibody developed to block the interleukin 1, 33, and 36 cytokine pathways. These pathways can be important in chronic immune-related dermatologic diseases, such as atopic dermatitis and hidradenitis suppurativa, as well as respiratory conditions, such as NCFB. Related Sanofi’s new CEO ‘looking deeply’ at late-stage pipeline as clinical clearout continues NCFB affects roughly half a million people in the U.S., with a global incidence of greater than one million cases. In August 2025, Insmed received FDA approval for Brinsupri, a DPP1 inhibitor targeting neutrophil activation, for treatment of NCFB in adults and kids ages 12 and older. The British biotech Infex Therapeutics showed promising NCFB phase 2a data using their monoclonal antibody, INFEX702, which acts by disabling Pseudomonas aeruginosa, a bacteria known to be a major pathogen of NCFB. Sanofi is currently running a separate phase 2 study testing SAR445399 as a potential treatment for the inflammatory skin condition hidradenitis suppurativa.
Michigan Supreme Court asked to block 'money out of politics' proposal
A group fighting a petition initiative that would bar state-regulated corporations from political spending has asked the high court to block it
Two More Games Revealed For Xbox Game Pass In September 2026
Have a look at what's to come next month
Fantasy Baseball Prospects Report: The 12 best prospects who were dealt at the trade deadline
Zyhir Hope among top Fantasy baseball prospects moved at the trade deadline
From monitoring to meaning: The next era of health
Healthcare that provides continuous and connected data will support people maintaining control over their lives.
Hallmark Media, NFL, Skydance Sports and the Chicago Bears announce the starting lineup for Holiday Touchdown: A Bears Love Story
With production wrapping last month in the Chicago area, the starting lineup for Holiday Touchdown: A Bears Love Story has been named. The film will feature cameo appearances from head coach Ben Johnson, tight end Colston Loveland, tight end Cole Kmet, al
Business confidence in Mass. rebounds to January 2025 levels
The state's business confidence index rose for a fourth straight month in July, the Associated Industries of Massachusetts said on Wednesday, amid modest expansions in the state and national economies.
Whoopi Goldberg suggests she’d exit ‘The View’ if she was richer
Whoopi Goldberg has suggested that she’d leave ‘The View’ if she had more money: ‘Don’t know if I’d still be doing the show,’ she told actress Keke Palmer in a new podcast interview.
HOK-Designed Interdisciplinary Science Building Breaks Ground at Montclair State University
Montclair State University broke ground on an HOK-designed Interdisciplinary Science Building, marking a major investment in STEM education and research.
Pokémon Developer Game Freak Promises Fixes 'Within a Week' To Its Big Budget RPG Beast of Reincarnation, Following Mixed Response at Launch
Game Freak has promised a series of quick fixes after a mixed response to the launch of its big budget RPG Beast of Reincarnation.
Johnston & Engels can't leave before play-off
John Collins says Celtic must not cash in on key duo Alistair Johnston and Arne Engels until after their Champions League play-off. Martin O'Neill's side face LASK in Europe later this month, having failed at the same stage against Kazakh side Kairat Almaty last term. Canada right-back Johnston is wanted by Everton, while Celtic have turned down a bid from West Ham for Belgium midfielder Engels.
A Surprise Switch 2 Port Is Coming According To A New Leak
Blizzard's action-RPG is reportedly bound for the Nintendo device next month
The Democrats’ Riskiest Midterm Play
They have been backing independent Senate candidates in red states. But Montana is not working as planned.
Huawei confirms MateBook Pro pricing, Kirin X90 Plus and Harmony OS laptop starts at $1,480
Huawei’s 970-gram MateBook Pro returns with the Kirin X90 Plus and higher prices. The base model costs around $1,480, while the top option exceeds $2,000.
Clayville Library marks centennial with monthlong celebration
The Clayville Library Association is marking its 100th anniversary this month with free daily giveaways, weekly basket raffles, live music and children's entertainment for the community.
‘Pokémon Pokopia’ 2.0 Patch Notes: An Enormous, Welcome Update
Here are the patch notes for the 'Pokemon Pokopia' 2.0 update, the largest for the game since its highly successful launch.
Scientists turn one of the world's most hated plastics into premium lubricant
Polyvinyl chloride, or PVC, is among the most common plastics on the planet but also one of the hardest to recycle responsibly. In a new study in Nature, scientists describe a method to strip chlorine from PVC and convert the remaining material into synthetic lubricant-based oils that perform competitively with commercial products.
Connect with Public Health’s peer breastfeeding program
Did you know the American Academy of Pediatrics recommends exclusive breast/chestfeeding until your baby is six months old?
4 men stabbed in central London, woman arrested amid mental health incident: Police
Four men were stabbed in London’s busy Covent Garden, police say. A 47-year-old woman was arrested, scissors were recovered, and officers say early signs point to a mental health-related incident.
Henry Ford Health considers Cadillac Place for corporate headquarters
The health system said the longtime former home of General Motors is among sites under consideration.
Former Pokémon Exec Accused of Hiding Video Cameras in Office Bathroom to Record Women and Girls
The Pokémon Company's former director of engineering at its Bellevue, Washington headquarters is now the subject of a class-action lawsuit, after the discovery of a hidden camera concealed in one of the building's bathrooms.
Shri Thanedar Is Ousted by a Democratic Socialist in a Michigan House Primary
Representative Shri Thanedar is among a wave of Democratic incumbents in Congress whom primary voters have sent packing in a surge of anti-incumbent fervor this cycle.
At the Simons Science Summit, Leaders Explore How AI Is Transforming Scientific Discovery
At the Simons Science Summit, Leaders Explore How AI Is Transforming Scientific Discovery on Simons Foundation
Progressive Abdul El-Sayed wins Michigan's Democratic primary for Senate
El-Sayed, an epidemiologist, backs Medicare for all and decries corporate money in politics. He beat Rep. Haley Stevens, whose supporters said she would have had a better chance in the fall.
Chipotle pulls jalapeños from some restaurants as health officials investigate salmonella outbreak
Chipotle Mexican Grill says it has removed jalapeños from some of its restaurants after determining the peppers could potentially be tied to a salmonella outbreak public health officials are investigating
'Shark' De Zerbi has a love for transfer business
Tottenham have undergone radical change over the past 12 months amid understandable fan anger, with new chief executive Vinai Venkatesham leading the organisation on behalf of the Lewis Family Trust. Venkatesham, alongside technical director Johan Lange, is leading negotiations. Lange is the only senior figure from the previous regime to remain in post.
Pokémon Pokopia Expansion Pass—Part 1: Bubbly Basin is Available Today
The first part of the Pokémon Pokopia Expansion Pass is now available, introducing a charming underwater town.
Preview: Bull Mania 2026 in Holdenville
The Holdenville Roundup Club’s Bull Mania 2026 event is set for Saturday night at 8 p.m., featuring cowboys competing for $40,000 in prize money as part of the LJ Jenkins Bull Riding Tour at 971 Fairgrounds Road in Holdenville, Oklahoma. Admission is $15 for adults and $5 for kids 10 and under, followed by a dance.
Variety names Joyce Choi ’19 among Hollywood’s rising entertainment leaders
Elon alumna Joyce Choi ’19, vice president of film at Imagine Entertainment, has been named to Variety's
What is Up with the St Louis Cardinals Offense?
Ok, I have tackled the topic of what is perhaps our main weakness, the bullpen, and how it correlates with winning teams, how our middling at best bullpen (at the time) wasn’t doing us any favors. Well that was a month or two ago, feels like 6 weeks? And our bullpen is now worse than […]
New York seeks to block sharing data of millions who receive social service
More than 20 states sued the Trump administration on Monday to block it from getting wide access to the personal information of millions.
New York among state suing over Trump’s new tariffs, calling them 'pretext'
The United States last month imposed double-digit tariffs on 59 countries and the European Union.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. I am particularly pleased that it goes out for free to thousands of subscribers around the world. But, writing this newsletter takes a lot of work. If you are enjoying it and would like to support the project, sign up for one of the subscription options here. It is the equivalent of a fancy cup of coffee per month! Subscribe
Google Assistant will disappear from your phone next month
It’ll be Gemini or nothing on Android from September 4th.
Paid Leave is helping workers — and businesses like mine
For small businesses like mine, the Paid Leave program saves me money while providing a safety net that my employees deserve.
The Onetime Boy Wonder of Texas Politics Has a Lot of Stories to Tell
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CVS HEALTH CORPORATION REPORTS STRONG SECOND QUARTER 2026 RESULTS AND RAISES FULL-YEAR 2026 GUIDANCE
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Diamondbacks' Nolan Arenado: Goes deep in Tuesday's loss
Diamondbacks' Nolan Arenado: Goes deep in Tuesday's loss
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‘I didn’t want this.’ Baton Rouge business owner stuck in regulatory loophole after crater left in driveway
No one has claimed responsibility for the damage left at Empire Roofing 18 months ago
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Cardinals Outhit Yankees, But Yankees Outscore Cardinals Tuesday Night
The St. Louis Cardinals were hoping for an encore performance after a slugfest Monday night that they came out on top of against the New York Yankees. Tuesday night’s game was a completely different type of game as Hunter Dobbins for the Cardinals and Ryan Weathers were in a bit of a pitcher’s duel. The […]
Pokémon Pokopia Updated To Version 2.0.0, Here Are The Full Patch Notes
Dive into the Bubbly Basin DLC and a free update
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The latest lineup of America’s “best of the best” hospitals from US News & World Report is something of an embarrassment of riches for a few cities and health systems.
Ask the Doc Town Hall to spotlight Breastfeeding Awareness Month and women's health
Wake County Public Health is hosting a free Aug. 13 town hall at the Southeast Regional Library to provide expert guidance on breastfeeding, maternal wellness and women’s health during Breastfeeding Awareness Month.
Buffalo Bills Predicted to Land Monster 300-Pound Defender
The Buffalo Bills will once again head into the upcoming 2026 NFL season as a top-tier Super Bowl contender in the AFC. With Josh Allen leading the way, they are always going to have a shot at winning a championship.During the offseason, the Bills clearly decided to go all-in on winning now. They went out […] The post Buffalo Bills Predicted to Land Monster 300-Pound Defender appeared first on HEAVY.
Bolstered Cubs ready for deep playoff push
The needs the Cubs had were evident going into Monday’s trade deadline, and the front office was aggressive in addressing the team’s roster gaps. They brought in a haul of...
Lung Association calls FDA nicotine pouch authorization 'another gamble with kids' health'
The FDA authorized four new flavored nicotine pouches, saying they may benefit adult tobacco users. The American Lung Association criticized the decision, warning it could increase youth nicotine use.
Chipotle pulls jalapeños from some restaurants as health officials investigate salmonella outbreak
Chipotle Mexican Grill said Tuesday that it had removed jalapeños from some of its restaurants after determining the peppers could potentially be tied to a salmonella outbreak public health officia…
Everything Apple Is Expected to Announce in September
Apple is going to announce at least five new devices next month at its annual iPhone-centric event, though it's possible we'll also get devices that were waiting on Siri AI. Here's what's coming. iPhone 18 Pro Rumors suggest the iPhone 18 Pro is going to look a lot like the iPhone 17 Pro, but with a smaller Dynamic Island. It's getting a new Wide camera with a variable aperture for more control over lighting and background blur, plus a faster A20 Pro chip.
State officials navigate the changing college athletics landscape
Among the proposals that weren’t recommended are measures to allow schools to increase fees on tickets, concessions, and sports betting.
T-Mobile Announces Experience 2.0 With 36-Month Financing
T-Mobile has been caught playing around with 36-month financing before. Even so, it never seemed to stick, and devices soon returned to the standard 24-month financing. It seems T-Mobile decided to…
GOP Leadership pushing Edwards to drop re-election bid over ethics report
The bipartisan House Ethics Committee on Monday released a 20-page report on the investigation, recommending that the chamber censure Edwards.
US midterm primary elections live updates: High-stakes Michigan Senate race among key contests in five states
Voters in Michigan, Missouri, Washington, Kansas and Virginia head to polls to select candidates who will appear on November ballots
Motion filed Tuesday seeks mental health evaluation in Ohio child endangering case
Attorneys for Elizabeth Siders have filed a motion asking a judge to order a mental health evaluation to determine whether she is competent to stand trial.
‘Reacher,’ ‘The Last Sunrise’ and ‘Sterling Point’ Are 3 of Prime Video’s Must-Watch Releases This August
Plus, you can catch the new documentary Novak Djokovic: The Wolf in Winter out this month, too.
Accel Entertainment (ACEL) Releases Q2 2026 Earnings: Revenue Beats Estimates and EPS Jumps
Accel Entertainment, Inc. $ACEL reported second-quarter 2026 revenue of $368.1 million, up 9.6% from a year earlier and slightly ahead of Wall Street’s $363.6 million estimate. Gross profit rose 9.5% to $115.2 million, while operating profit climbed 19.3% to $32.1 million.The company also posted stronger bottom-line results, with net income attributable to common shareholders increasing 70.8% to $12.5 million. Diluted earnings per share came in a
San Diego Business Journal Names Nellie Brutocao Among 2026 "Leaders of Influence in Technology"
On August 3, 2026, Wilson Sonsini partner Nellie Brutocao was honored among the 2026 “Leaders of Influence in Technology” in San Diego Business Journal’s special supplement. Nellie advises companies…
Browns DROY Carson Schwesinger Sits Out Practice Again
Carson Schwesinger's "minor" injury is becoming more concerning. The Cleveland Browns middle linebacker and reigning NFL Defensive Rookie of the Year was absent at practice for the third consecutive day Tuesday. Schwesinger missed three straight days of practice, including the Browns' first full-pad practice Monday, with what head coach Todd Monken called "a little minor injury."
Telegram CEO Says Extortionist Manipulated Apple Into App Store Removal
Telegram was subject to a "takedown extortionist" who planted AI-modified child sexual abuse material (CSAM) to get Apple to remove the app from the App Store, Telegram CEO Pavel Durov said today. Apple removed Telegram from the App Store for about 40 minutes on Monday night after discovering CSAM, but reinstated the app after Telegram removed the content.
New DC Studios Show 'Lanterns' Is Out This August on HBO Max, Plus New 'Hard Knocks,' Conan and More
These shows and tons of great new movies arrive to HBO Max this month.
Chipotle pulls jalapeños from some restaurants as health officials investigate salmonella outbreak
Chipotle Mexican Grill said Tuesday that it had removed jalapeños from some of its restaurants, after determining the peppers could potentially be tied to a salmonella outbreak that public health officials are investigating.
Chipotle pulls jalapeños from some restaurants as health officials investigate salmonella outbreak
CHICAGO (AP) — Chipotle Mexican Grill said Tuesday that it had removed jalapeños from some of its restaurants, after determining the peppers could potentially be tied to a salmonella outbreak public health officials are investigating.
Leaders celebrate completion of ECO Center renovation, launching student health services
Local and state leaders gathered Tuesday in Belmont County to mark the completion of a yearlong renovation at the East Central Ohio Educational Service Center,
Apparently, Kyler Murray Has “Hit a Career Low”
Mike Sando can commonly be found sending along writing that leans on the insight of anonymous NFL employees. His recent […]
TKO, ARIZONA SPORTS & EVENTS ALLIANCE, AND LEGENDS GLOBAL ANNOUNCE NOCHE UFC, WWE ROYAL RUMBLE AND PBR WORLD FINALS COMING TO ARIZONA
PHOENIX, ARIZ. and NEW YORK, NY – Aug. 4, 2026 – TKO Group Holdings, Inc. (NYSE: TKO), Arizona Sports & Events Alliance, and Legends Global today announced that NOCHE UFC, WWE Royal Rumble, and the PBR World Finals: Championship will take place in Glendale at Desert Diamond Arena and State Farm Stadium, marking the first confirmed events under the organizations’ multi-year partnership announced this past May.
CDC expands largest known cyclospora outbreak to 15 states
Missouri’s cases jumped dramatically in the past week. It is among six states newly added to an outbreak linked to lettuce from central Mexico, sources say.
HHSC Highlights Available Resources During National Breastfeeding Month | Texas Health and Human Services
HHSC is observing National Breastfeeding Month in August by promoting available resources for Texas families.
Small business work hours grew in July
Growth in the number of weekly hours worked at small businesses hit its highest level in over five years last month, according to Paychex.
Danganronpa creator delayed his own game because he wants to play GTA 6 instead
Danganronpa 2×2 got delayed to 2027, and creator Kazutaka Kodaka blames GTA 6, sort of.
Ames Science Stars of the Month - August 2026
The NASA Ames Science Directorate recognizes the outstanding contributions of (pictured left to right) Danielle Lopez, Jennifer Claudio, and Duncan Mifsud.
Leveraging HR Services to Overcome Workplace Challenges: Advancing HR Knowledge to Drive Business Results
Voice of Business Blog Throughout this series, we’ve explored how workforce data helps HR identify challenges, guide decision-making, and demonstrate measurable impact. As HR’s role at the leadership table continues to expand, developing HR professionals is a critical business investment. By strengthening expertise in disciplines such as talent acquisition and talent management, employee and labor…
Crimson Moon launches September 1
Gothic action adventure RPG Crimson Moon will launch for PlayStation 5, Xbox Series, and PC via Steam and Epic Games Store on September 1, developer ProbablyMonsters announced.
‘I did not steal’: Jacksonville businesses accuse influencer of taking money without delivering. He denies it
A social media influencer accused by Jacksonville-area businesses of taking money for food reviews and failing to deliver what they expected is pushing back against the allegations, saying he never stole from anyone and that some of the claims against him are false.
URI business professor explains ‘financial unicorns’ and SpaceX, Anthropic IPOs
KINGSTON, R.I. – Aug. 04, 2026 – In mythology, unicorns are fictional. In finance, however, unicorns are very real. Just over a month ago, millions of people witnessed one financial unicorn, and another is quickly approaching. For the first time, privately held company SpaceX was listed on the NASDAQ. Valued at more than $1 trillion, […]
Where Zay Flowers ranks among NFL’s highest-paid wide receivers
Zay Flowers’ $35 million annual salary places the Ravens star in a tie for fourth among the NFL’s highest-paid wide receivers
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
Samsung’s HDR10 Plus Advanced is launching this month on Prime Video
Where’s Dolby Vision 2?
Mid-Ohio Educational Service Center Business Advisory Council earns 3-Star Award
MANSFIELD — The Mid-Ohio Educational Service Center has announced its Business Advisory Council (BAC) has earned a Three-Star Business-Education Leader Award from the Ohio Department of Education & Workforce. This prestigious recognition honors Business Advisory Councils that demonstrate excellence in building meaningful partnerships between education and business while creating career-focused opportunities that prepare students for […]
New NSF State and Regional AI Infrastructure Hubs will power AI-enabled scientific research across the country
New initiative will accelerate AI-enabled scientific discovery by expanding access to compute for researchers, students and educators through regional partnerships among state and local governments…
Pine View student among top 10 finalists in national science competition
Middle schooler develops mussel-inspired adhesive aimed at reducing air pollution
Business News, Personal Finance and Money News
Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
New Samsung TVs Will Support HDR10+ Advanced Streaming On Prime Video Starting This Month
The main features of HDR10+ Advanced include Enhanced Overall Brightness and Intelligent Motion Smoothing.
Yankees call up George Lombard Jr.
BRONX, NEW YORK(WBRE/WYOU)— With the MLB Trade Deadline behind the organization, the New York Yankees made improvements to the big club Monday night, internally. The Yankees are calling up top prospect and Scranton/Wilkes-Barre RailRiders shortstop George Lombard Jr. The Yanks #1 prospect started this season in Double-A Somerset. Lombard was called up to Scranton/Wilkes-Barre in […]
NYC Mayor Zohran Mamdani Terminates Business Leaders Advising Multimillion-Dollar Mayor’s Fund
New York City Mayor Zohran Mamdani is changing up what the Mayor’s Fund to Advance New York City advisory board will look like. On Monday, August 3, Bloomberg reported that the entire board of adviser...
Meet S&T at the Missouri State Fair for hands-on fun
Missouri University of Science and Technology will bring hands-on activities for fairgoers of all ages to the Missouri State Fair, Aug. 13-23 in Sedalia, Missouri. Engage in hands-on activities, meet student design teams, watch science demonstrations and play with robots....Continue Reading Meet S&T at the Missouri State Fair for hands-on fun