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Global GO Fest Mega Raids and 5 Star Raids Have Been Revealed
Trainers, the Pokémon GO Fest 2026: Global Mega Raids and Five-Star Raids have been revealed, and they are absolutely overwhelming! This year, Mega Mewtwo X and Mega Mewtwo Y are the stars of the event, but they will be joined by more than 50 other Pokémon across both event days. In case you need a […]
Roma renew interest in Spanish executive Ramon Planes
In these days, Roma will focus on the pitch first, then on the rest. The derby against Lazio, scheduled for tomorrow at 12:00 PM, is too important for the club’s sporting fortunes ahead of next seas...
Real Madrid managerial appointment almost done; confirmation later this month
Word has it that Jose Mourinho and Real Madrid are already flirting behind the scenes despite an official agreement not being reached, and the development only explains how both parties are keen on th...
SF business owners in Mission District say drug use, encampment fires are worsening
Small business owners on Clinton Park and Stevenson Street in the Mission say conditions have worsened in recent months as enforcement and encampment cleanups at major hotspots increase in other parts of the city.
St. Pete community rallies to help rebuild after fire destroys USF Marine Science Laboratory building
For some scientists at the University of South Florida College of Marine Science, the fire that tore through a marine sciences laboratory building earlier this month did more than damage a facility; it threatened a lifetime of research.
Is Tencent Music Entertainment Group (TME) Priced Attractive After Sharp Share Price Declines?
Wondering whether Tencent Music Entertainment Group's current share price really reflects its underlying value, or if the market is mispricing the stock right now. The stock closed at US$8.47, after falling 8.3% over the past week, 14.3% over the past month, 52.6% year to date, and 47.7% over the past year, while the 3 year return stands at 13.6% and the 5 year return shows a decline of 41.3%. Recent coverage has focused on Tencent Music Entertainment Group's position in the online...
New Hawaiian law limits corporate spending on politics, other states work to follow suit
Hawaii’s Democratic Governor on Thursday signed into law a bill to stop corporations and "dark money" groups from spending unlimited amounts of money on politics.
Health officials track fourth King County resident tied to MV Hondius Andes hantavirus
Public Health – Seattle & King County officials are monitoring a fourth King County resident for possible exposure to the Andes type of hantavirus linked to the
Rudy Giuliani reveals he had 'spiritual experience' while in pneumonia-related coma
Rudy Giuliani, 81, opens up about a 'significant' spiritual experience during a coma caused by severe viral pneumonia, saying he has since recovered fully.
Trump’s flavored vape push sparks backlash from MAHA influencers, health officials
The FDA this month opened a pathway for tobacco companies to sell flavored e-cigarettes and granted its first authorization for fruit-flavored vapes.
CDC tightens home monitoring guidance for high-risk hantavirus contacts
People in the “high-risk” category are instructed to stay home and limit contact with others, avoid being in buildings other than their home and avoid visitors to their residences. They are also supposed to coordinate any essential travel with their state or local health department.
Lemonade Day offers children chance to learn business skills and money management
Children will sell lemonade and other self-made items around Dickinson County
The Brabus Bodo Makes Aston’s Vanquish Look Underpowered And Cheap
The exclusive GT honors Brabus founder Bodo Buschmann and features a twin-turbo V12 with nearly 1,000 hp
Health officials monitoring growing number of people for hantavirus
Thurston County auction business sentenced for illegal ivory sale
A Thurston County auction business was sentenced on Wednesday after pleading guilty in a case involving the illegal sale of a figurine carved from ivory.
Viltrox 75mm f/1.8 EVO for Fujifilm X – Additional Images and Shipping in June
Last month we reported about Viltrox launching two new autofocus lenses for Fujifilm X mount. Viltrox 75mm f/1.8 EVO Viltrox 90mm f/2.2 EVO While we now a lot about the Viltrox AF 90mm f/2.2 EVO, since it is listed at Amazon here with all specs and images, we knew little about the Viltrox AF 75mm…
Lawmakers considering raising taxes on sports betting operators
People familiar with state budget negotiations told WRAL that lawmakers have discussed increasing the tax rate paid by sports betting operators to generate more money for the state.
DC Health Monitors Hantavirus Outbreak
DC Health is coordinating with partners to respond to an outbreak of hantavirus on a cruise ship.
Colorado Gov. Jared Polis grants clemency to Tina Peters, makes her eligible for release from prison
Colorado Gov. Jared Polis on Friday granted clemency to Tina Peters and made the former Republican county clerk eligible for release from state prison as soon as next month, capping months of speculation that the Democratic governor would shorten a nine-year sentence related to her role in a scheme to breach secure voting equipment. Polis, […]
The 4th Linux kernel flaw this month can lead to stolen SSH host keys
The good news is there's already a patch. The bad news is that the fix isn't available for all Linux distributions yet. Here's what you can do in the meantime.
Ozzy Osbourne's son says celebrities should shut up when it comes to politics
The late Ozzy Osbourne’s son Jack said Friday that celebrities should be quiet when it comes to politics.
Feature: Moore ’26 Keeps Busy with Double Science Major and Music
Luke Moore ’26 came to Kansas Wesleyan on a music scholarship. He’s graduating this weekend (May 16) with a double major in Chemistry and Physics. He’s as active on the music side as he is with his science activities — he’s played the cello for 10 years, including four years at Kansas Wesleyan. It’s common, he said, for scientists and musicians to share those interests. “I’ve spoken to plenty of musicians who would have done science if they weren’t musicians, and I’ve talked to plenty of scientists who would have done music if they weren’t scientists,” Mooresaid. He played the cello in the string orchestra, which he’s done since his first year, and as a junior and senior, sang in the Philharmonic Choir as a bass. He hadn’t sung in a choir since middle schoolin Garden City, but he found he really enjoys that aspect of his college career. Also as a junior, Moore helped re-activate the STEM Club as vice president. For two years, he helped build the club’s battlebot. Last year the bot came home from battles in Kansas City in pieces, lots of pieces. This year it came home with the first-place trophy. He’s helped make frozen nitrogen ice cream at Homecoming and other events and helped organize the STEM Club’s first gingerbread house competition for the holidays. Willing to get his hands – and face – dirty for science, he encouraged fellow musicians and scientists to smash him in the face with whipped cream pies on Pi Day (March 14) as a fundraiser for the STEM Club. His capstone project involved developing a metallic organic framework (MOF) that takes a methylene blue dye out of water. “I’m proud that I was able to design this project, and I was proud that I did end up making the MOF,” Moore said. The professors and attitudes at KWU have made all this possible. “I don’t actually have time for everything,” Moore said. “I have to prioritize things. Things inevitably fall through the cracks, but it’s hard for me to choose one over the other, because I like a lot of things. And I don’t want to not do music, and I don’t want to not do science.” Moore said that Kansas Wesleyan, as a smaller university, gives students the opportunity to try things. “If I were to want to be in a music ensemble, it would probably be a bit harder in a larger school. One nice thing about this school is that everyone’s involved in something,” he said. “Professors know that you have other things going on, and they are flexible and understanding.” Moore has applied to grad schools, with an goal of earning his Ph.D. and landing at a university big enough to allow for a small research team that also gives him an opportunity to teach. He’s off to a good start. Moore is receiving the award for Outstanding Research in the Math, Physics and Computer Studies Department at Commencement this year. Story by Jean Kozubowski
Weather-monitoring firm hangs dark cloud over customers’ heads by forcing new app
Newer AcuRite Now app lacks some features but has a subscription option.
Jefferson Health had a $252.6 million operating loss in the nine months ended March 31
The loss included $94.6 million in restructuring charges related to layoffs last fall and other moves designed to improve the nonprofit’s future financial performance.
UnitedHealth’s AI push now includes employee tracking
UnitedHealth Group is pushing deeper into artificial intelligence—and tracking whether some employees are actually using it, Bloomberg writes. The health care giant is monitoring AI engagement among some Optum workers, including whether they make at least one daily query using tools such as ChatGPT or Microsoft Copilot. The effort is part of a broader companywide […]
Gov. Green signs law that targets corporate influence in politics
The new Hawaii law is aimed at curbing what is often called "dark money" in politics.
Fire unfolded in mill that has been part of Maine’s forest industry ‘since forever’
An explosion and fire at a Robbins Lumber facility in Searsmont on Friday left multiple firefighters and civilians injured, officials said.
Cincinnati business owner raises money for best friend’s funeral after crash
Cincinnati business owner set up his food stand to raise money to help cover his best friend’s funeral costs.
HOMETOWN ENTERTAINMENT: Jacoozy among the On the Rise Contenders at FloydFest 26-Daydream
The jam-rock band from North Carolina is set to perform at FloydFest on July 24.
EXCLUSIVE: Hackers have breached tank readers at US gas stations; officials suspect Iran is responsible
US officials suspect Iranian hackers are behind a series of breaches of systems that monitor the amount of fuel in storage tanks serving gas stations in multiple states, according to multiple sources briefed on the activity.
Check out UNR graduation photos — science, nursing, speech pathology
Check out photos of the 2026 graduation ceremonies for the College of Science, Orvis School of Nursing and the School of Medicine (Speech Pathology).
Gavin Newsom targets California businesses with new digital software tax
‘The Big Money Show’ discusses Gov. Gavin Newsom’s proposed new tax on digital software purchases as Silicon Valley faces mounting pressure from AI disruption and Wall Street volatility.
Virginia Launches “Beyond the Blues” Campaign to Raise Awareness of Perinatal and Postpartum Depression - Virginia Department of Health
IMMEDIATE RELEASE – May 15, 2026 VDH Media Contact: Cheryle Rodriguez cheryle.rodriguez@vdh.virginia.gov DBHDS Media Contact: Lauren Cunningham, lauren.cunningham@dbhds.virginia.gov Virginia Launches “Beyond the Blues” Campaign to Raise Awareness of Perinatal and Postpartum Depression Campaign helps Virginians recognize emotional changes earlier, reduce stigma and connect parents and families to support. (RICHMOND, Va.) — In honor of Maternal Mental Health Month in […]
Entertainment: Book of Mormon Sales begin, Hoku Finalists
"The Book of Mormon" returns to the Blaisdell Concert Hall later this year after a sold out Honolulu run nearly a decade ago.
County getting into the Entertainment (Zone) business
Hoping to help local businesses and attract more visitors ready to spend some money, the El Dorado County Board of Supervisors on May 12 conceptually approved the establishment of Entertainment
Moratorium won’t impact existing home health, hospice services in Maine, advocates say
The Trump administration announced a 6-month moratorium on new agencies, citing 'waste, fraud and abuse' in Medicare and Medicaid programs.
Virginia Launches “Beyond the Blues” Campaign to Raise Awareness of Perinatal and Postpartum Depression
IMMEDIATE RELEASE – May 15, 2026 VDH Media Contact: Cheryle Rodriguez cheryle.rodriguez@vdh.virginia.gov DBHDS Media Contact: Lauren Cunningham, lauren.cunningham@dbhds.virginia.gov Virginia Launches “Beyond the Blues” Campaign to Raise Awareness of Perinatal and Postpartum Depression Campaign helps Virginians recognize emotional changes earlier, reduce stigma and connect parents and families to support. (RICHMOND, Va.) — In honor of Maternal Mental Health Month in […]
Vermont high school sports scores, results, stats for Friday, May 15
Vermont high school sports scores and results as reported to the Burlington Free Press sports department.
LALIGA EA SPORTS Team of the Season (TOTS) - EA SPORTS FC™ Football Ultimate Team - EA SPORTS Official Site
Check out the LALIGA EA SPORTS Team of the Season (TOTS) squad and their ratings in EA SPORTS FC™ 26 Football Ultimate Team
Trump says sculpture garden honoring prominent Americans is planned for park along Potomac River
President Donald Trump plans to build an exhibit of statues featuring prominent Americans in a tightly regulated park along the Potomac River, potentially opening a new legal fight over whether his administration is ignoring the approvals process that typically governs Washington's monumental core.
Nevada health officials monitoring possible hantavirus cases
Health officials with the state of Nevada say they are monitoring possible Hantavirus cases linked to an outbreak aboard a cruise ship.
Now streaming: Gov. Lamont and legislative leaders take the stage at HBJ Politics & Policy Forum
The full video of Hartford Business Journal’s second annual Politics & Policy Forum is now available, featuring Gov. Ned Lamont’s preview of a third-term agenda and a pointed panel discussion […]
Argentine protests condemn science funding shortfall
Demonstrators across the country called for the government to increase public university salaries and funding for scientific research.
Argentine protests condemn science funding shortfall
Demonstrators across the country called for the government to increase public university salaries and funding for scientific research.
Craig Bacon to lead U of A Department of Food Science
Having worked for Simmons Foods, Tyson Foods and Oscar Mayer, he brings an industry perspective to the university.
WA kids were stuck in hospitals for months. New report shows progress
Legislation intended to curb youth psychiatric boarding has cut wait times for those with serious behavioral and mental health concerns, a new report shows.
NFIB small business optimism index barely budges in April; Iowa director cites inflation drag
The National Federation of Independent Business Small Business Optimism Index edged up 0.1 points in April to 95.9, remaining below its 52-year average of 98.0 for the second consecutive month, according to the NFIB’s monthly survey released Friday, May 15. The NFIB Uncertainty Index fell 4 points from March to 88, though it remains well […]
Some Medicare Patients Can Now Get Free CBD
The Trump administration has authorized a test program to see if the cannabis compound can ease some symptoms and reduce health care costs among older patients.
2026 Academy of Country Music Awards: Shania Twain hosts the Vegas-set ceremony this weekend, with Megan Moroney and Ella Langley among the top nominees
Yahoo rounded up everything there is to know about the Academy of Country Music Awards on Sunday, from the evening's full roster of performers and nominees to who Twain is most excited to meet.
MBAs are on sale: Business schools slash tuition by up to 50% as workers scramble to future-proof careers against AI
Save tens of thousands of dollars on an MBA while learning AI-specific skills.
Pasta business brings new flavor to Falls Park Farmers Market
A new business offering homemade pasta is among this season's new vendors at the Falls Park Farmers Market.
Rocket Science Health validates targeted olfactory-cleft deposition in non-human primates ahead of the 4th Nasal Formulation & Delivery Summit
As the pace of modern drug discovery accelerates, the industry is increasingly recognizing that a breakthrough molecule is only as effective as its ability to reach the target site.
2026 Special Olympics USA Games Announces Opening Ceremony Entertainment Lineup, Tickets on Sale Now
/PRNewswire/ -- Demi Lovato and Jon Batiste will perform during the Opening Ceremony of the 2026 Special Olympics USA Games on June 20 at Huntington Bank...
Future of Sports Analytics: Building Trust and Intelligence with SūmerSports and Cisco
Cisco and SūmerSports demonstrate how on-premise AI infrastructure gives sports organizations the security and trust they need to turn proprietary data into a real competitive edge.
‘One of the most important living laboratories’: Scientists raise alarms over push by Lee, Maloy to scrap Grand Staircase-Escalante plan
Scientists are asking Congress to keep the 2025 management plan for Grand Staircase-Escalante National Monument, what they call “one of the most important living laboratories in North America.”
Self-funding and special interests: How money shapes California’s political campaigns
The 2026 governor’s race has been marked by major financial backing, either from candidates themselves or a variety of special interests.
The State of Rural Hospitals in the U.S, 2012-2023
ASPE’s Office of Health Policy has developed an Issue Brief modeling the key determinants of rural hospital closure or conversion as well as an interactive Rural Hospital Dashboard to highlight key characteristics and trends among rural hospitals. The Issue Brief uses a Cox proportional hazards model to identify low occupancy rates, for-profit ownership and proximity to an urban county as key determinants of closure or conversion to outpatient only facilities.
Inaugural Mind-Body Science and Health lecture planned
The inaugural Distinguished Lectureship in Mind-Body Science and Health will be delivered by Wendy Berry Mendes, Yale University professor of psychology, on May 28 at the Mellon Institute. Mendes will discuss “Affect Contagion: Physiologic Synchrony among Strangers and Close Others,” from 2:30 to 3:30 p.m. in the Mellon Institute Auditorium. The lectureship is sponsored by the Pittsburgh Health Psychology and Behavioral Medicine Research Network, a joint project of Pitt and Carnegie Mellon University, and Pitt’s Center for Mind-Body Science and Health. RSVP as soon as possible to help plan for a reception following the lecture. This is a public event. Students, post-docs, and early-stage investigators are especially encouraged to attend.
Class of 2026 Public Health Master’s Candidate Receives National Research Award and Reflects on Conference Experience - University of New Haven
Jamesha Barrett ’26 MPH received a national public health research award at the 2026 Society for Public Health Education (SOPHE) conference, where she presented research on addressing food insecurity among international graduate students.
Alumnus commits $1M to Pitt Law for business, banking and financial programs
The money will be used for speaker series, faculty hires and curriculum development.
Mercer Health earns Numerous National Awards for Excellence in Care
Mercer Health continues to earn national recognition for delivering exceptional healthcare. Multiple prestigious organizations have honored Mercer Health for its outstanding patient experience, clinical excellence, and commitment to quality care. Newsweek Best-In-State Mercer Health has been named one of Newsweek’s Best‑In‑State Hospitals for 2026, a distinction awarded to hospitals that demonstrate superior performance across patient […]
Whole Hog Politics: Idiocracy alert
[Watch Whole Hog Politics live: Join us today at 9 a.m. ET at TheHill.com as Chris Stirewalt and host Bill Sammon break down this week’s political news and answer questions from a live online audie…
The Weekly Closeout: Another entertainment exec at Gap Inc., and tariff refunds trickle in
The apparel conglomerate beefed up its "fashiontainment" roster, while retailers are getting their money back on import levies canceled by the Supreme Court.
Stefan Vedovelli Claims College Sports Communicators Academic All-District® Recognition
Junior Honored for Dedication to His Studies
Health Rounds: Common ADHD medicines help treat cancer-related fatigue
We also report on findings that help explain why the flu can be particularly dangerous for pregnant women and that open the door to potential future treatments.
Academy of Country Music Awards: Where to watch
The 61st annual Academy of Country Music Awards will take place Sunday in Las Vegas. Shania Twain will host the ceremony on Prime Video.
The biggest surprise I saw from Sam Altman's testimony at Musk trial
A Business Insider tech reporter was in the courtroom for CEO Sam Altman's testimony in the Elon Musk and OpenAI trial. Here's the biggest surprise.
‘Football City USA’ adds players, including Steelers’ Mason Rudolph, to York County Sports Hall of Fame
Rock Hill hosted the York County Sports Hall of Fame ceremony, featuring the induction of NFL quarterback Mason Rudolph of the Pittsburgh Steelers, plus other former athletes and coaches.
This Pennsylvania fundraising walk is bringing thousands of dollars to free mental health programs
When screen time crosses a line: Social media’s toll on mental health
Phones are an important part of everyday life for most people. From ordering food, online shopping and connecting with others, the average American spends more than five hours on their phone each day. That’s approximately 1,825 hours per year – the equivalent of two and a half months. Social media use takes up more than […]
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
Revisiting the Blaze Alexander Trade Way Too Early
Introduction On February 5th, 2026 Arizona Diamondbacks GM Mike Hazen sent fan favorite infielder Blaze Alexander to the Baltimore Orioles in exchange for relief pitcher Kade Strowd, along with two minor league prospects, RHP Wellington Aracena and infielder Jose Mejia. It definitely hasn’t been long enough to evaluate this trade fairly, and won’t be for […]
New Business Licenses: 5.15.26
Chesterfield and Henrico report a bakery, antique shop, pet food company and more. (BizSense Pro required)
New Hawaii law targets corporate influence in politics after Citizens United ruling
Hawaii’s Democratic governor has signed a bill to curb corporate and “dark money” influence in politics
New Hawaii law targets corporate influence in politics after Citizens United ruling
HONOLULU (AP) — Hawaii's Democratic governor on Thursday signed into law a bill that uses a novel approach to reduce the influence of corporations and hard-to-track “dark money” groups that have been able to spend unlimited amounts on politics since a 2010 U.S. Supreme Court ruling.
New Hawaii law targets corporate influence in politics after Citizens United ruling
Hawaii's Democratic governor has signed a bill to curb corporate and "dark money" influence in politics
New Hawaii law targets corporate influence in politics after Citizens United ruling
Hawaii's Democratic governor has signed a bill to curb corporate and "dark money" influence in politics. This move comes after the 2010 U.S. Supreme Court ruling in Citizens United v. Federal Election...
Faith and politics converge at Southern Baptist Convention meeting / Texas Monthly
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CEC Entertainment Names Former Texas Roadhouse, Southwest Airlines Exec as EVP & CFO
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As travel costs surge, companies are being forced to rethink business trips
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France 2026 World Cup Roster: Real Madrid's Eduardo Camavinga Among Notable Omissions
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PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
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University at Albany opens up campus, and science exploration, to district students
The semester may be over at the University at Albany but the campus is still buzzing with student learning – it just may not be the students you expect. Junior Falcon scientists from North Albany Middle School, Stephen and Harriet Myers Middle School and William S. Hackett Middle School presented their experiments, and findings, to professors and graduate students at UAlbany’s Emerging Technology and Entrepreneurship (ETEC) Complex on Thursday. After the science fair, the sixth and seventh-graders explored ETEC – which houses researchers, educators and entrepreneurs – and the tour was followed by a discussion with a UAlbany atmospheric science researcher and the awards ceremony. Most will likely recognize one of the science fair judges – Damian participated in the project assessments and hopefully recruited some future Great Danes!