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Famous birthdays today, September 6, 2026, include a Bond actress, “Masters of the Universe” star
Idris Elba and Naomie Harris share a birthday today. Check out our list of celebrities and other famous people with birthdays on September 6, 2026, see photos and find out a fun fact about each person.
The next James Bond: the (00)7 questions fans want answered
Speculation has been building recently that an announcement about Daniel Craig's successor could be close.
$20K Hustlers: 1994 Budget Sports Coupes Compared
Blistering performance costs less than one game’s play for Barry Bonds.
Weak hydrogen bonds dethrone copper as the most stable metal binder, opening a new path for metal selection
- KAIST researchers reversed a decades-old metal-complex stability trend by tuning weak hydrogen bonds around the complexes without altering the metals’ direct coordination environments - The discovery could provide new design strategies for selective metal separation and recognition, catalysis, and biomimetic systems
Marshall teacher aboard Lake Superior science immersion vessel
Nicholas Bonde teaches research methodology to his AP Chemistry students at Marshall High each year. But over the summer, he had a chance to apply that methodology aboard an EPA
Marshall teacher aboard Lake Superior science immersion vessel
Nicholas Bonde teaches research methodology to his AP Chemistry students at Marshall High each year. But over the summer, he had a chance to apply that methodology aboard an EPA
Marshall teacher aboard Lake Superior science immersion vessel
Nicholas Bonde teaches research methodology to his AP Chemistry students at Marshall High each year. But over the summer, he had a chance to apply that methodology aboard an EPA
Like father, like son: The art, science and family bond behind a local DJ business
Hatfield resident Killian Stewart, 16, had his first professional solo gig five years ago after apprenticing in his craft almost literally from birth, thanks to mentoring from the well-known regional DJ Greg Stewart. Also known as Killian’s dad, Greg is an audio-visual engineer by day. The two of them provide glimpses into the art and […]
Grant helps local health clinic expand in Jefferson County
Bond Community Health Center is expanding into Jefferson County K-12 School with help from a $650,000 grant, bringing primary care, behavioral health and telehealth to students and residents.
Madison Keys Saves Five Match Points to Survive Anna Bondar
Madison Keys produced the escape act of the US Open so far, clawing back from 5-2 down in the third set and fending off five match points before outlasting Anna Bondar 5-7 6-4 7-6(5) in a second-round thriller that had Court 17 on its feet. The 22nd seed and former Australian Open champion looked in …
Domestic Bond Investors Can be a Powerful Constraint on Far-Right Populists
The rise of the far right has been a defining feature of political systems in developed democracies over the past two decades. In recent research, Alison Johnston and Juliet Johnson demonstrate that domestic bond investors have become an important constraint on populist governments and their access to capital.
UK mortgage rates set to rise as bond sell-off drives up borrowing costs
Rolling coverage of the latet economic and financial news
Nicolas Cage is the martini-drinking spy who inspired James Bond in cheeky “Fortitude” trailer
The action comedy also stars Matthew Goode, Ed Skrein, Ben Kingsley, and an unrecognizable Michael Sheen as Winston Churchill.
Markets slide as inflation fears trigger global bond sell-off
Rolling coverage of the latest economic and financial news
Should California Backfill Science Funding After Trump Cuts? Voters Could Decide in 2028
Last year the White House suspended or cancelled more than 1,000 California science grants. This bond measure would restore some of that funding.
Former Florida governor hopeful hauled out of county meeting after protesting Isarael investments
James Fischback was forcibly removed from a Miami-Dade commissioners meeting after protesting the county's raised investment limit in Israel bonds.
Bessent downplays bond market concerns amid global sell-off
Bond market investors are growing increasingly nervous as fighting resumes in the Middle East.
Should California backfill science funding Trump cut? Voters could decide in 2028
Last year the Trump administration cut more than 1,000 California science research grants. A bond measure would restore some of that funding.
Should California backfill science funding Trump cut? Voters could decide in 2028
This story was originally published by CalMatters. Sign up for their newsletters. A California science bond measure to counter the Trump administration’s research cuts is back from the dead after state lawmakers and Gov. Gavin Newsom reached a deal last week to place the $7.5 billion request to voters on the March 2028 ballot. Senate […]
Bond yields are surging around the world as macro concerns spiral
Bond yields were on the rise globally on Tuesday, with investors spooked about wars, inflation, and a shaky fiscal outlook.
Bond sell-off intensifies around the world as oil prices rise above $91 a barrel, stoking inflation fears
Renewed fighting in Middle East weighs on financial markets
$7.5-billion California science bond measure awaits Newsom’s sign-off
California lawmakers sent a $7.5-billion science research bond measure to Gov. Gavin Newsom. If signed, it would go before voters on the March 2028 ballot.
Treasury Department blocks certain journalists from covering G20 meeting
The New York Times said in a statement that denying American journalists access to an event in the U.S. is “not just another disturbing effort by the administration to undermine independent journalism, but a blatant attempt to evade public scrutiny.”
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Rockstar Doesn’t Mind if You Dislike GTA 6’s Romantic Side: ‘Don’t Bother With It. Up to You’
GTA 6 has a whole relationship system to increase Jason and Lucia’s bond, but it’s completely optional if you’d rather keep things platonic.
QB Marcel Reed’s offseason bonding push as No. 8 Texas A&M eyes more wins
The senior quarterback says he can name every teammate he’s had in four years with the Aggies and spent the offseason hosting trips and activities for the players.
Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote as bond yields near highs and markets demand clarity on the Fed's rate path.
Emplify Health by Bellin clinics boost brain development for kids through reading
WLUK FOX 11 is your source for Balanced News and Severe Weather Coverage for Appleton, Shawano, Sturgeon Bay, Kewaunee, Two Rivers, New London, Bonduel, Pulaski, Suamico, Menasha, Neenah, Shiocton, Ashwaubenon, Algoma, Mishicot and Wrightstown.
Gold hits highest level in three months as traders worry about US inflation and bond market jitters
Spot gold touches almost $4,700 an ounce while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it
Scientists turned plastic bottles and corn waste into protein-rich cookies; the food could help tackle hunger problem and also feed space crews
Researchers at Southern Illinois University Carbondale (SIU Carbondale) are working on a technology that turns plastic waste from a water bottle into part of a cookie. For this, they programmed yeasts to convert material from plastic waste and agricultural waste into proteins, fats, acids, vitamins and flavouring molecules.
Inside the tough year for bond-investing hedge funds
Standalone credit managers and fixed-income teams at big-name firms have both struggled in 2026.
Kirkwood bond would pay for needed equipment and technology upgrades for health care students
Voters across 18 Iowa counties will decide this fall whether to approve an $88 million bond to upgrade Kirkwood Community College, including new equipment for nursing and EMT students.
Spin Doctors headline SIU’s biggest Homecoming celebration
CARBONDALE — One of Southern Illinois' most anticipated traditions is back.
Scientists catch a hidden electronic state forming in just 30 femtoseconds
Scientists watched a light-triggered hidden state form inside a material in only 30 femtoseconds, revealing a step that had never been seen before. The material first entered a fleeting electronic state in which its bonds reorganized in a repeating pattern, followed by tiny atomic shifts. This ultrafast pathway could offer a new way to control electronic properties with light and help inspire faster, more responsive technologies.
To Probe Mark Walter’s Business, DOJ Sought Egan-Jones’ Records
As billionaire Mark Walter’s insurance companies invested in bonds, they often relied on Egan-Jones, which provided the only known ratings for more than a fifth of those assets, according to industry records.
Treasury's surprise bond-market move could hit your wallet. Here's how.
Surging Treasury yields can ripple through mortgage rates, stocks, corporate borrowing, and the broader US economy.
Carbondale Area students conclude participation in Chief Science Officer Program
Carbondale Area Junior/Senior High School eighth grade and freshman students recently concluded their participation in the Chief Science Officer Program with a year-end celebration on May 29. Students gathered at NEIU 19 to showcase the…
AMC Entertainment Stock Moves Higher Wednesday: What's Going On?
Shares of AMC Entertainment Holdings Inc. (NYSE:AMC) are climbing Wednesday afternoon, lifted by broader market strength following a major macroeconomic policy move.Treasury Bond Buyback Program Relieves Market PressureThe U.S. Treasury Department announced a surprise expansion of its debt buyback…
The bond market is sounding an alarm. Here’s what it means.
Long-term Treasury yields rose to their highest point since 2007, creating another headwind for the economy and lifting borrowing costs for consumers and businesses.
Entertainment Listing: Aug. 19
Wednesday August 19 Hangar 9 • Carbondale Jazz in the Park – Ramp Station Jazz Band, 6 p.m. Karaoke, 8 p.m. PK’s • Carbondale Trivia, 8 p.m. Little Nashville • Marion Advertisement Trivia, 6 p.m. Thursday August 20 Booby’s • Carbondale Open Mic Karaoke, 8:30 p.m. Hangar 9 • Carbondale Stick Gilbert, 4 p.m. Loose...
Feds want Outcome Health founders’ bond revoked
“Put simply, the issue is now settled,” the U.S. Attorney’s Office said in a motion filed today.
Feds want Outcome Health founders’ bond revoked
“Put simply, the issue is now settled,” the U.S. Attorney’s Office said in a motion filed today.
US long-term borrowing costs hit 25-year high, as inflation fears hit bond sale
Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001
$5 billion science research bond clears California Assembly committee
The California Assembly Appropriations Committee voted Thursday to advance a UC-sponsored bond measure that would fund scientific research across the state. The California Science and Health Research Bond Act – or Senate Bill 895 – would create the California Foundation for Science and Health Research to award $5 billion in grants and loans to public and private research institutions, including UC campuses.
Charred, scorched: Woman denied bond after setting metro Atlanta business on fire
A judge denied the woman bond and she remains in jail, described in court records as a danger to the community.
HELLDIVERS 2 Joins the PlayStation Plus Game Catalog
HELLDIVERS 2 joins the PlayStation Plus Game Catalog, alongside the new Warhammer 40,000: Castellan’s Creed Legendary Warbond and the launch of “Devoid of Liberty,” a new horror-themed narrative arc.
OneGroup taps veteran Rochester team to grow surety business
OneGroup expands its surety practice by adding Kelly and Chris Shea in Rochester to enhance bonding and risk management services.
Entertainment Listing: Aug. 12
Wednesday August 12 Students Move In! Little Nashville • Marion Wing Night, 4 – 8 p.m. PK’s • Carbondale Advertisement Trivia, 8 – 11 p.m. Thursday August 13 SIU Campus Lake/Becker Pavilion Light up the Lake, 7 – 9 p.m. Little Nashville • Marion Chris and Deanna, 6 – 9 p.m. Booby’s • Carbondale ...
Guide to Austin politics: The Daily Texan explains city government, local leaders’ roles
The city of Austin is currently developing their annual city budget and considering a bond issue, while several charter amendments (link once story is up) are up for a vote in November. With all this activity in City Hall, the Texan is providing a guide to new UT students on how Austin politics works and...
Todd Blanche is sworn in as attorney general after bruising confirmation fight
Blanche is officially taking command of a Justice Department he has been leading in an acting capacity since Pam Bondi's firing in April
Lone Star Politics: Aug. 9, 2026
The Dallas City Council will vote on putting a $960 million public safety bond on the Nov. 3rd ballot. We spoke with the Dallas Police Chief about why Dallas needs the new Law Enforcement Training Center. Plus, an update on the Race for U.S. Senate.
Four-star Jaxton Itaaehau explains what made Utah home
The Davis High standout reveals how a deep bond with Morgan Scalley and the coaching staff convinced the elite playmaker to spearhead the Utes' next generation.
What Is J-B Weld Used For And What Should It Not Be Used On?
J-B Weld is an epoxy for bonding wood, metal, and concrete, but it's not ideal for softer materials like some plastics, leather, vinyl, and flexible rubber.
4 ways to show your cat you love them, according to science
Experts say slow blinking, respecting boundaries, proper petting, and interactive play help build trust and strengthen your bond with your cat.
Carbondale hands out hundreds of fresh food boxes
CARBONDALE — Around 500 food boxes were given out on Friday between resident pickups, deliveries and donations from the Carbondale city government.
Bond 2025 Project Update: Career & Technical Education (CTE) Center and Environmental Science Center (ESC)
The district is advancing planning and scheduling for the upcoming major capital projects.
Researchers make movie of the first steps in a chemical reaction
Using ultra-fast X-ray flashes, SLAC scientists have captured the split-second movements that kick off the making and breaking of chemical bonds.
Sovereignty, Interests and Alliance: Germany’s NATO Journey
President Erdoğan emphasized to Chancellor Merz that preserving the ‘Transatlantic Bond’ was crucial for strengthening NATO’s European pillar
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Corporate America's next assignment: save happy hour
Happy hour is on the decline due to high prices and changing social rituals. Companies are hoping team-bonding experiences can fill the void.
Jonesboro man charged with forgery after using movie prop money at business
A Jonesboro man was held on a $10,000 cash or surety bond before being released after police say he used motion picture money at a business.
9 Games To Play If You Liked 007 First Light
So you want to punch, shoot, use gadgets, and sneak some more? Well, we can help with that
Missteps Mount in Justice Dept.’s Case Against Minnesota Anti-ICE Protesters
The problems plaguing the case have not only hurt the government’s chances, lawyers say, but have also undermined the bonds of trust that prosecutors have traditionally enjoyed in court.
Helldivers 2 gets a Warhammer 40K crossover on August 12
The 'Castellan's Creed' Legendary Warbond brings Imperial Guard weapons and armor to PS5, PC, and ...
How Medicaid fraud could affect your tax dollars and health care
Local 12 WKRC-TV is the local station for breaking news, weather forecasts, traffic alerts, community news, Cincinnati Bengals, Reds and FC Cincinnati sports updates, and CBS programming for the Cincinnati , Ohio area, including Avondale, Blue Ash, Bond Hill, Camp Washington, Cheviot, Cleves, Colerain Township, Columbia-Tusculum, Corryville, Norwood, Delhi, East Price Hill, Golf Manor, Hyde Park, Lebanon, Loveland, Lower Price Hill, Madeira, Mariemont, Mount Adams, Mount Airy, Mount Healthy, Mount Lookout, Mount Washington, Oakley, Over-The-Rhine, Reading, Sedamsville, Sharonville, Springdale, St. Bernard, South Cumminsville, Symmes Township, Mason, Hamilton, Union Township, Walnut Hills, West Chester, Wyoming, West Price Hill, Westwood, Winton Hills, Alexandria, Bellevue, Covington, Crescent Springs, Erlanger, Fort Mitchell, Fort Thomas, Fort Wright, Florence, Hebron, Highland Heights, Newport, Southgate, Villa Hills, Walton, Aurora, Greendale, and Lawrenceburg.
Helldivers 2 x Warhammer 40,000 Castellan's Creed Legendary Warbond Fully Revealed, Weapons and Armor Shown Off, Release Date Confirmed
As promised, we have the full reveal of the Helldivers 2 x Warhammer 40,000 Legendary Warbond today, a first look at the weapons and armor it will include, and a release date.
'Cops and Basketball' camp builds bonds with youth through sports
Baltimore County police officers are bonding with kids through basketball drills, games, and meaningful conversations.
Owners of West Side restaurant and entertainment spot announce plans to sell
Local 12 WKRC-TV is the local station for breaking news, weather forecasts, traffic alerts, community news, Cincinnati Bengals, Reds and FC Cincinnati sports updates, and CBS programming for the Cincinnati , Ohio area, including Avondale, Blue Ash, Bond Hill, Camp Washington, Cheviot, Cleves, Colerain Township, Columbia-Tusculum, Corryville, Norwood, Delhi, East Price Hill, Golf Manor, Hyde Park, Lebanon, Loveland, Lower Price Hill, Madeira, Mariemont, Mount Adams, Mount Airy, Mount Healthy, Mount Lookout, Mount Washington, Oakley, Over-The-Rhine, Reading, Sedamsville, Sharonville, Springdale, St. Bernard, South Cumminsville, Symmes Township, Mason, Hamilton, Union Township, Walnut Hills, West Chester, Wyoming, West Price Hill, Westwood, Winton Hills, Alexandria, Bellevue, Covington, Crescent Springs, Erlanger, Fort Mitchell, Fort Thomas, Fort Wright, Florence, Hebron, Highland Heights, Newport, Southgate, Villa Hills, Walton, Aurora, Greendale, and Lawrenceburg.
Japan PM's political doom loop worsens her fight with markets
Japanese Prime Minister Sanae Takaichi is fighting a losing battle in the polls, making a retreat from promised tax cuts more difficult and denying her officials the political backup they need to talk down yen and bond market bears.
Entertainment Listing: July 29
Wednesday July 29 Little Nashville • Marion Music Bingo, 6 p.m. – 9 p.m. PK’s • Carbondale Trivia, 8 p.m. – 11 p.m. Advertisement Thursday July 30 PK’s • Carbondale The Whiskey Chicks, 9 p.m. Little Nashville • Marion Josh and Dan/Atlas May, 6 p.m. – 9 p.m. Friday July 31 Little Nashville...
Michael Malone Keeps Important UNC Basketball Team-Bonding Tradition Alive With Outer Banks Trip
Michael Malone continued UNC basketball’s annual Outer Banks trip, giving a rebuilt Tar Heel roster a valuable opportunity to develop chemistry away from campus before the 2026-27 season.
A tiny molecular basket unlocks a powerful new kind of chemistry
Rice University chemists have found a new way to make neodymium, a rare-earth metal, interact with oxygen. Using a specially designed molecular structure described as a “basket,” the team positioned the atoms so they could form a bond once thought unlikely. The breakthrough produced highly reactive compounds that could eventually give chemists alternatives to iron-based molecules used in biological reactions and chemical manufacturing.
Private Equity Firm Unloads Mental Health Chain Into Muni Market
A Connecticut-based private equity firm plans to sell a chain of mental health centers and sober-living homes through a deal financed by municipal bonds.
Mercy Health expands maternity care by connecting patients with midwives
Local 12 WKRC-TV is the local station for breaking news, weather forecasts, traffic alerts, community news, Cincinnati Bengals, Reds and FC Cincinnati sports updates, and CBS programming for the Cincinnati , Ohio area, including Avondale, Blue Ash, Bond Hill, Camp Washington, Cheviot, Cleves, Colerain Township, Columbia-Tusculum, Corryville, Norwood, Delhi, East Price Hill, Golf Manor, Hyde Park, Lebanon, Loveland, Lower Price Hill, Madeira, Mariemont, Mount Adams, Mount Airy, Mount Healthy, Mount Lookout, Mount Washington, Oakley, Over-The-Rhine, Reading, Sedamsville, Sharonville, Springdale, St. Bernard, South Cumminsville, Symmes Township, Mason, Hamilton, Union Township, Walnut Hills, West Chester, Wyoming, West Price Hill, Westwood, Winton Hills, Alexandria, Bellevue, Covington, Crescent Springs, Erlanger, Fort Mitchell, Fort Thomas, Fort Wright, Florence, Hebron, Highland Heights, Newport, Southgate, Villa Hills, Walton, Aurora, Greendale, and Lawrenceburg.
Rookie DBs are working together closely at Chiefs training camp
During comments to the media at Chiefs training camp, rookie DB Jadon Canady spoke about the bond he is building with first-round pick Mansoor Delane.
007 First Light's first major patch is here – and it's a doozy if you're playing on PS5
007 First Light's first major post-launch update, Patch 1.1.0, is here, introducing "fixes and improvements for over 200 issues reported by the community and ou
Xbox Tests Ad-Supported Game Streaming
Xbox is rolling out a test for ad-supported cloud gaming that will be available for a limited time on a voluntary basis for members of its fan-testing community, Xbox Insiders.
Entertainment Listing: July 22
Wednesday July 22 PK’s • Carbondale Trivia, 8 p.m. – 11 p.m. Thursday July 23 PK’s • Carbondale Advertisement Eastwood & the Prairie Wolves, 9 p.m. Sunset Concert • Shryock Steps Dwayne Dopsie and the Zydeco Hellraisers, 7 p.m. Friday July 24 Booby’s • Carbondale Supsuesenesa & Lobotomytes, 10 p.m. PK’s • Carbondale ...
Aaron Rodgers shares photos of reunion with estranged family
As Aaron Rodgers prepares for his final NFL season with the Pittsburgh Steelers, he has held bonding sessions in the past few weeks this summer. On Monday night, Rodgers posted three photos on social media – one with his mom…
Introducing: Breitling Top Time B01 Chronograph 41 Tribute To Aston Martin DB5
Breitling leans into the shapely Top Time chronograph's cushion case in a tribute to the mighty Aston Martin DB5 (and a nod to its Bond-film links, too).
Kansas City's World Cup small business efforts forged bonds between founders
On top of organizing a Union Station marketplace that drew more than 120,000 visitors, City of Entrepreneurs’ Open Doors! program led to unexpected collaboration opportunities between cohort members.
What makes dogs so loyal? Science has the answer
From evolution to brain chemistry, science explains why dogs form extraordinary emotional bonds and remain humanity's most loyal companions.
"During the training sequence, we make a false promise": IO Interactive on the ensemble James Bond game that 007 First Light never was
But almost was!
Trump media firm plans to sell high speed access to Truth Social posts
The move would allow Wall Street firms and other institutions to get news from Truth Social contributors in milliseconds so they can make quick profits off transactions in stocks, bonds and interest rates
Instead of “Batman”, “The Odyssey” stars Anne Hathaway and Robert Pattinson bonded over odd tuna: ‘Mind-blowing how unappealing it looked’
And pizza. Lots of pizza.
Trump administration 'screwed up' Epstein files communication, Vance says
During a lengthy podcast interview with Joe Rogan released Wednesday, Vice President JD Vance pointed largely to former Attorney General Pam Bondi, who infamously stated that an alleged “client list” of Epstein’s was “sitting on my desk right now.”
Entertainment Listing: July 15
Wednesday July 15 Little Nashville • Marion Trivia, 6 p.m. – 9 p.m. PK’s • Carbondale Trivia, 8 p.m. – 11 p.m. Thursday July 16 Advertisement PK’s • Carbondale Tawl Paul & Slappin Henry Blue, 3 p.m. Little Nashville • Marion John and Mila, 6 p.m. – 9 p.m. Sunset Concert, Turley Park Goldpine, 7...
LEGO Considering Bondi Blue iMac G3 Set
LEGO today said the iMac G3 project submitted for consideration on its "Ideas" site has been moved to Parking Lot status, which means it hasn't been ruled out and could still possibly be turned into an official LEGO set. On its "Ideas" website, LEGO lets fans submit mockups and suggestions for future LEGO sets. Any project that gets at least 10,000 votes goes to the LEGO Review Board and has a chance to become a LEGO set.
Inside the $85M James Bond-inspired Florida mansion
Villa Skyfall, a James Bond-inspired mansion by Aldo and Fiorenna Stark in Delray Beach, Florida, is on sale for $85 million.
Blue Prince became a bonding — and learning
Gaming together has helped my son explore and grow.
SLED charges business owner with forgery after alleged fake bond
The South Carolina Law Enforcement Division has arrested a man after he allegedly submitted a fake performance and payment bond to land a construction job.
Superstars in science: Local students excel at PJAS state competition
Carbondale Area and Mid Valley students competed in the 2026 Pennsylvania Junior Academy of Science state competition at Penn State University’s main campus in May. The students presented scientific research projects in science,…
Japan benchmark bond yield hits 30-year high on inflation, fiscal health concerns
The benchmark 10-year Japanese Government Bond (JGB) yield hit a 30-year high on Thursday, as rising oil prices rekindled inflation concerns and investors remained wary of Japan's fiscal health.
Scientists finally solved a 150-year-old gallium mystery
Scientists have rewritten the story of gallium after discovering that its unusual atomic bonds re-form at high temperatures, contradicting decades of accepted theory. The finding changes how researchers explain why the metal melts so easily and behaves unlike almost any other metal. Beyond solving a long-standing scientific mystery, the work could lead to advances in semiconductors, nanotechnology, and liquid metal engineering.
Huntsville murder suspect tracked to local business after deadly shooting
He currently awaits trial with no bond.
Parents’ Phone Addiction Affects Bond with Kids, New Study Finds
Parents’ attachment to screens and smartphones can have negative, long-lasting developmental and psychological effects on their children, according to new research.
Entertainment Listing: July 8
Wednesday July 8 Little Nashville • Marion Wing Night Encore, 6 p.m. – 9 p.m. PK’s • Carbondale Trivia, 8 p.m. – 11 p.m. Advertisement Thursday July 9 PK’s • Carbondale Tim Crosby/ Rachel & Griffin, 9 p.m. Little Nashville • Marion Chris Chamness, 6 p.m. – 9 p.m. Sunset Concert, New Era Events...
Carbondale man accused of breaking into business, stealing items
A Carbondale man is accused of breaking into a business early Saturday morning and stealing items.