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From The Sports Desk: Knicks mount epic fourth quarter comeback, stun Cavaliers
New York trailed by 22 points with under eight minutes to play in the fourth quarter, and came back to win in overtime. Plus, Egypt’s Mohamed Salah is our World Cup player spotlight.
This Moon of Neptune Might Have Survived a Wrecking-Ball Event
Neptune’s moons have long provided evidence of a cataclysm four billion years ago. A new study suggests one moon may have made it through.
Exclusive: British theatre group ATG Entertainment readied for sale, sources say
British West End theatre operator ATG Entertainment is in the early stages of being prepared for a possible sale by its private equity owner, four people familiar with the matter said.
Eric Adams' charter commission moves forward without Mamdani's support
The commission has announced four upcoming public hearings.
RECongress Selects Long Beach Convention & Entertainment Center for 2028-2032
The Los Angeles Religious Education Congress (RECongress), one of the largest annual Catholic gatherings in the United States, has selected the Long Beach Convention & Entertainment Center as its new home beginning in 2028. The five-year agreement will bring Catholics from across the U.S. and the world to Long Beach for the four-day RECongress event through 2032.
Students win statewide Frederick Douglass debate tournament
Slippery Rock University is championing multicultural education through competition. Four SRU students earned first place in the statewide Frederick Douglass Institute Collaborative conference and debate…
Rosenberg: Four audiobooks with a Rhode Island flavor
Two books set in Providence. Three with Rhode Island authors. One with a narrator who grew up in the state. All in four audiobooks that are this month’s listens.
Another One Run Loss
Jays 4 Yankees 5 I don’t know….. Dylan Cease was pitching great and the Jays got three runs in the fourth. All seemed good in the world. In that fourth: The long break seemed to affect Cease, he wasn’t great in the bottom of the fourth, giving up a couple of walks and a Ryan […]
'Going to be a historical event:' Flavor Flav women's sports parade set
From a social media post to county approval; Flavor Flav's women's sports parade in Las Vegas is officially happening.
EXCLUSIVE: Fresno Pacific serves up new sport with beach volleyball
Fresno Pacific is bringing beach volleyball to its Division-II athletics. It will be the first four-year collegiate program in the Fresno area.
Magic: The Gathering® | Marvel Super Heroes Comes to MTG Arena
The Avengers, Fantastic Four, and more are coming to MTG Arena! Prepare for the Marvel Universe to debut in digital Magic.
Republican Senators Are Livid at Trump’s Endorsement of Paxton
News that President Trump had snubbed Senator John Cornyn of Texas, the four-term incumbent, was met with shock, anger and fear that the G.O.P. could lose his seat.
Who Is Ken Paxton, Trump’s Pick in the Texas Senate Race?
Ken Paxton, the Texas attorney general, seems poised to defeat Senator John Cornyn, a four-term incumbent.
Trump endorses Paxton in Texas Republican primary, boosting effort to oust Sen. Cornyn
Although the four-term Cornyn has backed Trump’s agenda in Washington, Paxton pitched himself as a political warrior for the MAGA movement.
13 Big Lessons You Learn In Business School
Graduating Senior Share The Most Important Takeaways From Four Years of School
PWHL goes the way of San Jose in adding a fourth expansion team and growing to 12 overall
San Jose has landed a pro women’s hockey franchise with the PWHL completing its ambitious four-team expansion process with a first entry into California.
How Women Can Prioritize Health — and What to Check Annually
More than 6 in 10 women struggle prioritizing their health according to a survey, so Dr. Elisa Port, chief breast cancer surgeon at Mount Sinai and author of “Breast Advice,” joins TODAY with a closer look at the biggest issues and questions women face regarding their health. She breaks down the four Ws that help reduce risk of breast cancer, shares her recommendations for prioritizing screenings, and highlights the benefits and risks of hormone replacement therapy.
Jaelyn Hammersley Earns Global Prize at International Science Fair
OPRF junior Jaelyn Hammersley has earned a fourth-place award at the 2026 Regeneron International Science and Engineering Fair (ISEF), the world’s largest and most prestigious international high school science and engineering competition.
Alabama city named one of the nation’s 50 best sports business cities
The Sports Business Journal published its fourth annual list.
Live Results: Pennsylvania midterm congressional primaries
Democratic voters in Tuesday's Pennsylvania primary will pick their nominees to flip four seats seen as critical for the party to retake the U.S. House in November.
Wethersfield fourth graders make discoveries at science fair
***This article was written by Aundrea Serna, a participant of The Kewanee Voice Student Journalism Program, funded by the Harry Anderson Memorial Fund. Curiosity, creativity and perseverance were on full display during the fourth-grade science fair at Wethersfield Elementary School last Tuesday. Students presented projects across multiple branches of science, including physical science, life science,… Continue reading Wethersfield fourth graders make discoveries at science fair
May Fair Draws Crowds for Four Days of Entertainment
The Dixon May Fair returned May 7-10 for its 149th rendition, bringing carnival rides, live music, livestock exhibitions and community traditions to Northern California’s oldest fair.
Braves eager to see Ronald Acuna Jr. hit against Marlins
Ronald Acuna Jr. will return to the Atlanta starting lineup on Tuesday when the visiting Braves play the Miami Marlins in the second game of a four-game series.
Indianapolis named No. 3 Best Sports Business City
With the No. 3 ranking, Indianapolis jumps eight spots from the inaugural rankings in 2023, when it was ranked No. 11.
"Pollution over politics" Environmental Advocates NY responds to EPA PFA rollbacks
On Monday, EPA administrator Lee Zeldin alongside Health Secretary Robert F. Kennedy Jr. announced the repeal of drinking water regulations for four different P
Avalanche Faces Golden Knights in Star-Studded Western Conference Final
Series Pits Two of the Last Four Stanley Cup Champions Against Each Other
Hidden GI struggles in children with autism spark $12.9M Duke-UNC Health study
A Raleigh fourth grader is helping researchers highlight a hidden struggle for many children with autism: chronic GI issues. Duke Health and UNC Health are launching a $12.9 million national study aimed at improving treatment options.
Inter Miami CF and Heron Sports & Entertainment to Join FIFA World Cup 26™ Celebration in Club’s Elite Facilities
Inter Miami CF and Heron Sports & Entertainment will join the FIFA World Cup 26™ festivities by hosting a series of special events across its world-class facilities - Nu Stadium, Inter Miami CF Stadium and the Florida Blue Training Center. Inter Miami CF’s world-class facilities will host four nations preparing
Inter Miami CF and Heron Sports & Entertainment to Join FIFA World Cup 26™ Celebration in Club’s Elite Facilities
Inter Miami CF and Heron Sports & Entertainment will join the FIFA World Cup 26™ festivities by hosting a series of special events across its world-class facilities - Nu Stadium, Inter Miami CF Stadium and the Florida Blue Training Center. Inter Miami CF’s world-class facilities will host four nations preparing
Inter Miami CF and Heron Sports & Entertainment to Join World Cup Celebration in Club’s Elite Facilities
Inter Miami CF and Heron Sports & Entertainment will join the FIFA World Cup 26™ festivities by hosting a series of special events across its world-class facilities - Nu Stadium, Inter Miami CF Stadium and the Florida Blue Training Center. Inter Miami CF’s top-notch facilities will accommodate four nations preparing
Inter Miami CF and Heron Sports & Entertainment to Join World Cup Celebration in Club’s Elite Facilities
Inter Miami CF and Heron Sports & Entertainment will join the FIFA World Cup 26™ festivities by hosting a series of special events across its world-class facilities - Nu Stadium, Inter Miami CF Stadium and the Florida Blue Training Center. Inter Miami CF’s top-notch facilities will accommodate four nations preparing
From The Sports Desk: The NBA’s Final Four is here
The Cleveland Cavaliers will play the New York Knicks in the East, and the San Antonio Spurs will play the Oklahoma City Thunder in the West. Here’s what you need to know.
Four NASA payloads to fly on Astrolab’s first lunar rover
Astrolab’s first lunar rover will carry four NASA payloads on a mission planned to launch later this year.
Penn State Health earns fourth consecutive VETS Indexes employer award
For the fourth consecutive year, Penn State Health has been recognized by VETS Index for its commitment to hiring, retaining and supporting veterans. The College of Medicine also was honored.
Penn State Health earns fourth consecutive VETS Indexes employer award
For the fourth consecutive year, Penn State Health has been recognized by VETS Index for its commitment to hiring, retaining and supporting veterans. The College of Medicine also was honored.
The AI Era Is Reordering The 4 Paths Of Business Education
AI is commoditizing business expertise. That may expose Founder-CEO education as the missing fourth quadrant of business education.
Marvel Cosmic Invasion DLC adds Cyclops and The Thing, more DLC to follow
Dotemu and Tribute Games revealed DLC plans for Marvel Cosmic Invasion, starting with the arrival of Cyclops and The Thing today. This first DLC is out today on Nintendo Switch 2 and Switch. Here’s some information about the new DLC characters: The Thing: The Fantastic Four’s heaviest hitter brings his cosmic radiation-induced might to the fray, excelling in Marvel Cosmic...
United Airlines Made Passengers Endure a 13 Hour Flight With No Entertainment, No Wi-Fi, And No In-Seat Power
United Airlines is making passengers on a 13-hour flight from Tokyo to Washington Dulles endure a flight experience from around four decades ago: No seatback screens, no in-flight Wi-Fi, and no in-seat chargers. It’s not like this is some sort of retro-inspired experience that passengers signed up for. Rather, the 27-year-old Boeing 777-200 being used…
Kentucky football is predicted to get a big recruiting win
The Kentucky Wildcats are poised to add another top 2027 talent, gaining a prediction for a four-star cornerback.
Director-General presents Award for Global Health to four distinguished leaders
At the Seventy-ninth World Health Assembly in Geneva, WHO Director-General Dr Tedros Adhanom Ghebreyesus has presented four distinguished leaders with the Award for Global Health, recognizing their lifetime achievements and exceptional contributions to improving the health and well-being of communities worldwide.
SBJ ranks the 50 Best Sports Business Cities
It’s all about the ATL as SBJ’s fourth annual Best Sports Business Cities™ project gives Atlanta the No. 1 spot among 50 ranked markets.
Who should be this week's boys' Athlete of the Week?
It's time to vote for The News-Gazette's Athletes of the Week, powered by Copper Creek Contractors. Each Monday, The News-Gazette will publish an online poll with four boys and four
Who should be this week's girls' Athlete of the Week?
It's time to vote for The News-Gazette's Athletes of the Week, powered by Copper Creek Contractors. Each Monday, The News-Gazette will publish an online poll with four boys and four
Allianz Partners names four senior leaders in health overhaul
Segment-led model gets fresh firepower as global and regional health roles are reshuffled at the top
Q1 Airports Passenger Traffic Flat - Los Angeles Business Journal
Cumulative passenger traffic at the four airports serving Los Angeles County came in flat during the first quarter of the year. According to data released
Four Health Sciences Library Faculty Members Receive Honors from the Medical Library Association
Four faculty members with The University of New Mexico Health Sciences Library and Informatics Center (HSLIC) recently received recognition from the Medical Library Association (MLA). Research Training Institute Fellows, Emily Roberts & Will...
Decoding chirality at the nanoscale with momentum-space polarimetry
Light: Science & Applications - Schematic illustration of Fourier-domain Mueller matrix polarimetry probing light-matter interactions in gammadion nanostructures, and enabling extraction of...
Nine teams, four spots - Premier League set for European scramble
The Premier League title and relegation fights might be dominating the headlines, but the race for Europe is proving to be an equally chaotic and enthralling battle this season.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms 1 positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
Canadian national health agency confirms positive hantavirus test
Canada's national health agency confirms that one of four Canadians returning from a cruise ship with a hantavirus outbreak has tested positive.
In Cannes standout 'Fatherland,’ Sandra Hüller stuns again
The full range of Sandra Hüller’s talent is on full display this year in four films that run from big to small | Talk 1370
In Cannes standout 'Fatherland,’ Sandra Hüller stuns again
The full range of Sandra Hüller’s talent is on full display this year in four films that run from big to small | WBEN
In Cannes standout \'Fatherland,’ Sandra Hüller stuns again
The full range of Sandra Hüller’s talent is on full display this year in four films that run from big to small. Foremost among them is “Fatherland,” the Cannes Film
In Cannes standout 'Fatherland,’ Sandra Hüller stuns again
The full range of Sandra Hüller’s talent is on full display this year in four films that run from big to small | KCBS All News 106.9FM and 740AM
In Cannes standout 'Fatherland,’ Sandra Hüller stuns again
The full range of Sandra Hüller’s talent is on full display this year in four films that run from big to small.
Game #46 GameThread: Jays @ Tigers
Game Three with the Tigers and then the Jays head off for four games in New York against the Yankees. And Adam Macko is up with the team. He told reporters that he rushed around to buy ‘collared shirts’ to wear on the team bus, saying that he only had hoodies. It seems that I’ve […]
Oregon defense receives glowing evaluations heading into 2026 season
College football analysts think Oregon has four of the 26 most-feared defensive players in the nation. USC needs to do something about that
‘Michael’ reclaims the top box office spot in its 4th weekend
The Michael Jackson biopic, “Michael,” is reclaiming the top spot in the North American box office. Studio estimates on Sunday show the film earned $26.1 million in its fourth weekend
Syracuse lacrosse defeats UNC to advance to final four
Syracuse advances to the final four for the second year in a row.
2️⃣ goals in two minutes ignites United vs Forest encounter
Man United were cruising in their Premier League clash against Nottingham Forest at half time. The Red Devils led after Luke Shaw ended his nearly four-year goal drought with a fifth-minute strike.Mic...
Phoenix Mercury continue homestand, welcome Toronto and Los Angeles
This week, Phoenix continues its four-game homestand with games against the expansion Toronto Tempo May 19, and the Los Angeles Sparks May 21.
SNAPSHOT: Small Animal Science Program at WSWHE BOCES
The Small Animal Science Program at the Washington-Saratoga-Warren-Hamilton-Essex (WSWHE BOCES) is wrapping up its 2025–2026 school year, celebrating its fourth year of hands-on animal science education. The classroom houses cats, rabbits, …
SNAPSHOT: Small Animal Science Program at WSWHE BOCES
The Small Animal Science Program at the Washington-Saratoga-Warren-Hamilton-Essex (WSWHE BOCES) is wrapping up its 2025–2026 school year, celebrating its fourth year of hands-on animal science education. The classroom houses cats, rabbits, …
Busy Ann Arbor construction ‘blindsided’ handful of frustrated downtown businesses
MLive/The Ann Arbor News spoke with owners and managers at four businesses who shared their disapproval of the ongoing street renovations.
Chelsea appoint Xabi Alonso as manager on four-year contract
Chelsea appoint former Liverpool midfielder Xabi Alonso as their manager on a four‑year contract.
Sales of luxury homes in Las Vegas jump in 2025, report says
“Southern Nevada’s luxury market saw healthy growth in 2025,” states a new report from Nevada State Bank. “This increase followed four years of relatively flat activity afte...
Sherman Lewis, who won four Super Bowl championships as NFL assistant, dies at 83
Lewis was also an All-American and Heisman Trophy finalist as a running back for Michigan
McIlroy charges into the hunt for epic major comeback win
Rory McIlroy charged into the hunt for the greatest three-day fightback victory in major golf history with a sizzling four-under par 66 in Saturday's third round of the PGA Championship.Not since Jack Nicklaus in 1975 has a player won the Masters and PGA Championship in the same year.
Xabi Alonso to Chelsea: Former Real Madrid and Bayer Leverkusen coach agrees four-year contract to be head coach at Stamford Bridge
Xabi Alonso has been out of work since being sacked by Real Madrid earlier this year; Chelsea were looking for a permanent replacement for Liam Rosenior, who was let go after just four months in charge; Alonso had been linked with the Liverpool role but Arne Slot looks set to stay
Elliot Cadeau announces return to Michigan, laying foundation for potential repeat run
The Wolverines got some great news on Saturday with the return of the 2026 NCAA Tournament Final Four Most Outstanding Player
Anthony Edwards catches flak for congratulating Spurs with eight minutes left in game
Timberwolves star Anthony Edwards drew heavy criticism for congratulating the Spurs during a 30-point blowout loss before the fourth quarter ended.
Bob Myers, tasked with hiring 76ers GM, wants a collaborator
Myers, who helped guide the Warriors to four championships as general manager, joined the 76ers organization in October.
Knicks Bulletin: ‘The humble warrior’
We’ve reached a point where you can say the Cavs and the Pistons are doing this on purpose to prevent Knicks fans from enjoying New York basketball. But hey, seven games on their legs? Can’t complain! We’re the latest four days and a few hours from the ECF Game 1 tip-off. Finally. Mike Brown On […]
Goalkeeper Macey to leave Colchester
Colchester United goalkeeper Matt Macey is among four first team players released by the club.
Scientists warn that the world’s rivers are running out of oxygen
Rivers around the world are quietly running out of oxygen — and climate change is emerging as the main culprit. A sweeping global analysis of more than 21,000 river systems found that nearly 80% have been steadily losing dissolved oxygen over the past four decades, threatening fish, biodiversity, and the overall health of freshwater ecosystems. Surprisingly, tropical rivers are being hit the hardest, even more than rivers in rapidly warming polar regions.
Lewandowski confirms future at Barcelona ⚠️
Polish striker Robert Lewandowski has officially confirmed his departure from FC Barcelona.After four seasons wearing the blaugrana shirt, the center-forward decided to bring his time at the Catalan c...
Atlanta Beltline violence: Shops report booming business despite incidents
Business owners in the Old Fourth Ward report that crime has not hurt their bottom line and sales are up.
Downtown Youngstown entertainment venues rebound financially
YOUNGSTOWN — The city-owned entertainment facilities started the year off strong with a $300,448 operating surplus during the first quarter — the fourth-best January-March in its history — rebounding from a $484,728 loss in 2025. “It’s a great start for the year,” said Eric Ryan, president of JAC Management Group, which operates the Covelli Centre, […]
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
Fuquay-Varina park plan faces pushback as demand grows for youth sports
Fuquay-Varina leaders are proposing the construction of four athletic fields at Hilltop Needmore Town Park to accommodate an increase in youth sports participation and prevent hundreds of children from being turned away.
Fuquay-Varina's youth sports are at a 'breaking point': Building new fields is fueling debate
Fuquay-Varina leaders are proposing the construction of four athletic fields at Hilltop Needmore Town Park to accommodate an increase in youth sports participation and prevent hundreds of children from being turned away.
Helio and You: Seasons on Earth, Mars, and Beyond
Earth has four seasons - spring, summer, fall, and winter. Other planets can experience seasons, too, but they might be wildly different from the ones that we are used to. Find out about how seasons work and what role the Sun plays in causing them.
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
Sports tourism continues record-setting pace of economic impact in Huntsville
Records are made to be broken and Huntsville’s sports tourism industry is setting the pace. For the fourth straight year, local events teamed to post record-breaking economic impact numbers, according to a report released Wednesday by the Huntsville/Madison County Convention & Visitors Bureau. And teamwork was cited as the key to the success as the […]
Romelu Lukaku Included In Belgium's World Cup Squad For The Fourth Time
Romelu Lukaku was included in Belgium's World Cup squad despite an injury-hit season with Napoli, joining Kevin De Bruyne and Thibaut Courtois as Belgium prepares for Group G play.
The Lancia 037 Tribute Just Got A 1,000 HP V8 From Koenigsegg
Kimera's K39 swaps the brand's twin-charged four-cylinder for a Koenigsegg-sourced twin-turbo V8 making 1,000 hp
Politics Friday: Minnesota lawmakers reach a session-ending deal, now race to get it through
MPR News politics editor Brian Bakst talks with four caucus leaders about a session-ending agreement and how they’ll shepherd it through this weekend.
Majority of Florida voters favor tighter limits on sports betting, UNF poll finds
A majority of Florida voters want the state to place tighter limits on sports betting, even as nearly one in four say they have placed an online wager, according to a new statewide poll.
Slimy lettuce, moldy jalapeños found during Reno health inspections
Four Reno restaurants were cited in late April for health code violations including improperly thawed tuna, slimy lettuce and visibly expired steaks.
Anthony Gordon transfer news: Newcastle head coach Eddie Howe hints at winger's exit amid Bayern Munich links
Bayern Munich have opened talks with Newcastle over a potential transfer for Anthony Gordon; 25-year-old has not played in the clubs last four matches; Newcastle will listen to offers this summer; Watch Newcastle vs West Ham on Sunday live on Sky Sports, kick-off 5.30pm
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
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