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Houston Texans Position Outlook: Cornerback
The Houston Texans have the best defense in football, and while most people immediately look at their ferocious defensive line, their cornerback group is also one of — if not the best — in the entire league. That group is led by Derek Stingley Jr., who has earned All-Pro honors in each of the last […]
Caitlin Clark reaches impressive Indiana Fever assists milestone
Caitlin Clark continued her ascent in the Fever record book on Friday night.
Dodgers scratch Blake Snell before his second start of season, place him on IL with loose bodies in left elbow
Disruption in Science: Threats and Opportunities
Cincinnati Children’s 2026 Research Symposium explored how AI, exposome science, and innovative pediatric research are reshaping discovery, workforce strategy, and the future of medicine.
Blackhawks At World Championships: Teuvo Teravainen Impresses, USA Loses To Host Switzerland
US Supreme Court tosses longshot appeal from Virginians to use new congressional map that would benefit Democrats
The Supreme Court on Friday tossed out an emergency request from Virginia officials to reinstate a congressional map that would have benefited Democrats in this year’s midterm election, a widely expected decision that represented the court’s latest foray into a nationwide redistricting war.
‘Shaping Connecticut’s Future’: Business leaders, lawmakers gather at SCSU for summit
NEW HAVEN, Conn. (WTNH) — Business leaders and lawmakers from across Connecticut gathered Friday at Southern Connecticut State University (SCSU) for the “Shaping Connecticut’s Future…
Washington Nationals vs Baltimore Orioles Game Thread
Follow along as the Nats and the O’s kick off this years edition of the Battle of the Beltway
Trump and his CEOs want China’s business – but has Asia moved on?
The US delegation went to Beijing looking for deals, but a ‘super cycle’ of capital expenditures across Asia is already fuelling enormous growth.
Former medical director of Ames health spa faces more sanctions
The former medical director of an Ames health spa is facing sanctions from a second state licensing board.
5 NFL teams didn't get prime-time treatment. The league told the Jets, Raiders, Titans, Dolphins and Cardinals what it thinks of rebuilds
Wintrust spreads its brand in West Michigan via Grand Rapids naming rights deal
Wintrust Financial Corp. will sponsor prominent entry points at the new Acrisure Amphitheater in downtown Grand Rapids in a move to further spread its brand in West Michigan after acquiring Macatawa Bank.
Safe or risky? How Patrick Mahomes, Fernando Mendoza impacted NFL's 2026 schedule decisions
PGA Championship: Michael Block, after missing the cut, has 'no doubt' he will make a return to the major
Michael Block posted a 5-over 75 on Friday and fell outside the projected cutline at Aronimink.
Alexi: IL must be good for business
In a family business, "there's no such thing as a weekend. There's no such thing as nights off."
Vague Comments Add to Puzzle Over Tom Kean Jr.’s Absence
Representative Tom Kean Jr. hasn’t voted on Capitol Hill since March as he deals with an unspecified medical issue.
New bipartisan Senate bill backed by White House set to be NCAA's best chance yet for college sports reform
A bipartisan Senate bill backed by the White House offers the NCAA its best chance to secure antitrust protection and codify rules
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.
Today in White Sox History: May 15
The long and sad slide out of first place begins begins all-too-soon for the 2006 club
AI reshapes seed investing: Business Insider's 2026 Seed 100
In this live Q&A catch interviews with two prominent early-stage investors from BI's Seed 100 list, and learn the trends reshaping the VC landscape.
Golf Entertainment Group Inc. Reports First Quarter 2026 Results
STAMFORD, Conn., May 15, 2026--Golf Entertainment Group Inc. (OTCQX: GLFE) (the "Company"), a leading owner and operator of golf, hospitality, and entertainment experiences, today announced financial results for the quarter ended March 31, 2026.
Aronimink is Proving All of Us Wrong
Most of us thought Aronimink would get picked apart by the world's best. We couldn't be happier to be wrong.
NBA Playoff Round Two Reactions + WNBA Check-Ins
Nekias Duncan and Steve Jones break down the Game 5s of the NBA conference semifinals & react to recent WNBA results.
Panthers reportedly planning on joint practices with these 2 teams
According to The Charlotte Observer, the Panthers plan on holding joint practices with a pair of AFC South squads.
2026 Phillies Draft Preview Jared Grindlinger, LHP/OF
I always like to start previews with my favorite prospect. That’s often someone the Phillies have no chance at, but not this year. A reclassicification of draft eligibility made this year’s mystery box my favorite, most intriguing option. Grindlinger is a left handed Outfielder and Pitcher and is a potential 1st/2nd rounder in both roles. […]
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.
GOP congressman is under doctor’s care, his father says amid mysterious absence from Washington
Top House Republicans have grown increasingly concerned by Rep. Tom Kean Jr.’s mysterious absence from the chamber.
Opposition research: Marcell Ozuna
The Pirates are playing well, but their new DH hasn’t been a big part of it
Cleveland Browns Predicted to Have Losing Record Again in 2026
The Cleveland Browns went 5-12 last season. How will they do in 2026?
Former college basketball star Sam Dekker joining SEC coaching staff
Dekker's basketball journey has taken him all over the world, and his new job will take him back to the United States.
Why Eagles should fear Week 13 trip to Arizona
The Eagles should be favored against the Cardinals in Week 13, but history and timing make Arizona a potential trap game for Philadelphia
Notre Dame Recruiting Roundup: Irish Stay Hot On The Trail
The Irish bolster their 2027 class by landing two massive offensive tackles, including a crucial flip from UCLA, while aggressively expanding their 2028 board across Florida and California.
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
NBA Draft Combine winners: Awards for top performers, including Cameron Boozer and the biggest riser
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.
Will Ferrell returns to ‘SNL’ for Season 51 finale with Paul McCartney
Will Ferrell returns to host the 'Saturday Night Live' Season 51 finale with musical guest Paul McCartney. Here's how to watch.
A new Ebola outbreak is confirmed in a remote Congo province, with 65 deaths recorded
Africa CDC, the continent’s top public health body, on Friday confirmed a new Ebola outbreak in Congo’s remote Ituri province, with 246 suspected cases and 65 deaths recorded so far.
New movies to watch this weekend: See 'Obsession' in theaters, rent 'Project Hail Mary,' stream 'Marty: Life is Short' on Netflix
The "Top Gun" films head back to theaters, while Ryan Gosling's latest hit heads to home screens.
Deion: Shedeur Sanders ‘went through hell’ during NFL Draft process, rookie season with Browns
Andrew Abbott leaned into some science to get his season back on track
Andrew Abbott locked in on the stick-figure graphic of himself. The world of biomechanics is very advanced. But with Abbott going through the worst rut of his big league career, he opened up to some new ideas to get himself back on track. He asked for some help, and he leaned into some sports science. He said the stick figures made it clear, and he credits biomechanics for helping him get his season back on track. Over his last three starts, he has allowed two total runs in 17 ⅔ innings. “There’s a photo of (me) last year and the year before on a graph, and this year is in a different color,” Abbott said. “You see where you are in comparison to that. Where the hands are at this moment, where your feet are, where the knee is, where your head is at, where your shoulders are at, it breaks it all down if you want it.” When Abbott saw his mechanics in this objective way, he recognized exactly what had been going wrong. “When my tempo, my feet and my hands are aligned, then normally my mechanics are sound,” Abbott said. “And when my mechanics are sound, my stuff behaves normally. The fastball is jumpy. I’m up in velo. My extension is better.” Abbott said that he started diving more into his biomechanics in the middle of April. The Reds have a biomechanics team, which works closely with pitching coach Derek Johnson and hitting coach Chris Valaika. Leading the group is biomecahnics manager Franky Mulloy. “I laugh every day,” Francona said. “When Franky starts talking, I start laughing. I remind him to know his audience.” Francona isn’t a scientist. The Reds’ manager jokes about his own comprehension of the data. But it’s easy for him to recognize the value that the biomechanics team is providing. “That’s why we got them,” Francona said. Abbott said that he had his first big biomechanics-oriented meeting in the middle of April. Behind the scenes, there was already a lot of communication going on within the Reds’ staff. “Franky calculates all the things, builds it into these graphs, and DJ gets them,” Abbott said. “They have their internal communication. Then, we go to them and ask what about this or that. The main thing for me is arm angle.” The data shows Abbott how his arm angle evolves from start to start. He hasn’t meant to change it. But just like all of us, our posture might be different from one day to the next. Pitchers’ arm angles can make minor shifts without the pitcher or even coaches noticing. But the data can’t miss a change like that. Abbott recognized that his arm angle had been moving around without him noticing. Now, he checks in with the data to make sure that his mechanics are in sync. “They get into these cool looking graphs,” Abbott said. “I can’t really describe them. I don’t know what they are. But for me, it’s a photo of a stick figure of myself.” The stick figure of his current positioning is superimposed over previous versions of himself. With that format, Abbott can compare his mechanics on any given day to what they were when he was pitching at his very best. “It was very noticeable from the moment I saw this year as black compared to two years ago and last year, it was very, very different,” Abbott said. “I could see with my eyes without having to ask any questions about the difference in the photos.” For any pitcher, there are a lot of moving pieces in your delivery. For Abbott to be the best version of himself, he needs his head, his arm, his hand, his knee and his feet to be on the right “tempo.” “Tempo is a word I’ve used a lot,” Abbott said. “Getting everything in certain areas working together.” He has been much better at that recently. The data backs that up, and so does Abbott’s ERA. The biomechanics data has also given the Reds’ staff and Abbott some better ideas for some training that he can do between starts. He has added drills to shore up areas of his body that Abbott needed to make stronger. “They make a plan based off what they see,” Abbott said. “If things start changing, we know what to revert back to.” Overall, Abbott says that he’s not a very analytical guy. There’s so much information out there, and he says that it’s important for him to not get too analytical when he breaks down his specific pitches. He has learned the value of being “analytical about mechanics.” And the way that the Reds presented that information to him made it easier for him to make the right adjustments without being overloaded by information. “It was a very simple fix,” Abbott said. “It took a long time to finally get there, feel the results and see it. But for the most part, it was very simple to apply it.”
Trump and top CEOs leave a more self-reliant China with few deals to show for it
Before leaving a two-day summit in Beijing, President Donald Trump said he had made many trade deals with China, accompanied by a cohort of “brilliant” tech billionaires.
NYU's Joshua Tucker on the politics of training AI
Joshua Tucker, New York University Center for Social Media & Politics co-director, joins 'Squawk Box' to discuss details of the university's new research showing that AI chatbots generate more government-friendly responses when prompted in languages tied to countries with tighter media controls, the intersection of politics and AI, and more.
PGA Championship leaderboard, Round 2 updates: Scottie Scheffler at the top as Rory McIlroy struggles early at Aronimink
Scottie Scheffler is at the top of the leaderboard after 18 holes at Aronimink.
City Council Business Meeting on May 19, 2026, at 9:00 a.m.
The agenda for the City Council Business Meeting on Tuesday, May 19, 2026, at 9:00 a.m. will be as follows:
Drake just dropped 3 albums at once — here's what they say about his epic beef with Kendrick Lamar.
The rapper released 'Iceman' alongside 2 surprise albums. Fans searched for Kendrick disses in the lyrics after their explosive 2024 feud.
Family investors turn to old-economy businesses like dealerships and fisheries to avoid AI disruption
While car dealerships and fisheries are less eye-catching than high-flying AI startups, they offer stability and cash flow that's attractive to family offices.
Shania Twain broke down country music's doors. A new generation of women is coming in after her.
Before women dominated country music, Shania Twain broke nearly every rule of the genre to pave the way.
Ted Wu’s Eye for Design and Business Acumen Have Found a Home at Mattel
We sat down with Mattel’s Ted Wu, known for his leadership of the Hot Wheels and Matchbox brands, to discuss design, leadership, and inclusivity.
Yafai's world title tilt postponed after injury
Galal Yafai's bout with unified flyweight world champion Ricardo Sandoval is postponed after the Briton sustains an injury in training.
Idaho farmers can band together to buy cheaper health insurance through Farm Bureau deal
As Idaho farmers struggle to find affordable health insurance, a new deal lets them buy cheaper plans through the Idaho Farm Bureau.
This Nashville Business Has Been Stealing Hearts One Cannoli At A Time
You'll regret not learning about this business sooner: This Nashville vendor serves cannolis at events, but there's a twist that is making the company go viral.
What crypto’s success means for American politics
The legislative triumph of the crypto industry in the Senate this week may be a Rubicon-crossing moment for the shape of U.S. capitalism.
Nicky Weinstock & Andrea Bucko Partner On New Production Outfit Sweetheart Entertainment
Producers Nicky Weinstock and Andrea Bucko have partnered to launch a new production outfit that will be known as Sweetheart Entertainment. The company launches at Cannes as both Weinstock and Bucko h...
How a vote for Trump’s ‘big, beautiful bill’ put Republican David Valadao in danger of losing his seat
Medicaid cuts have become a crucial issue in a Central California battleground race.
Yankees news: Offense looking to settle down in Subway Series
Judge and Co. needing consistency; Olney’s advice for Volpe; top prospect list features 4 Yankees; Smoltz’s what-if
5 Must-Read Analyst Questions From AMC Entertainment’s Q1 Earnings Call
AMC Entertainment’s first quarter saw a positive market response, driven by significant year-over-year revenue growth and improved operating margins. Management attributed this performance to a stronger box office environment, particularly across North America and Europe, as well as disciplined cost control and enhancements in the guest experience. CEO Adam Aron highlighted the impact of expanded premium screens, improved per patron spending, and the continued success of loyalty programs. Notabl
The Daily Hilaro: La da da da
Your daily dose of off-topic shenanigans
CIA chief makes historic trip to Cuba as US blockade chokes island's energy supplies
The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a time.
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
Game Six Preview: San Antonio Spurs vs. Minnesota Timberwolves
San Antonio faces a road test with a chance to go to the Western Conference Finals.
Politics Is So Broken It’s Driving People to Therapy
Therapists are seeing a rise in political anxiety — and they have some prescriptions.
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 […]
Can Mets ride momentum against scuffling Yankees? Here are 5 players who could tilt the Subway Series
Top Warriors assistants Terry Stotts, Jerry Stackhouse leaving Steve Kerr's coaching staff
Double standard? Jim Jordan doesn’t ‘have any issue at all’ with Eric Trump joining dad’s trip to China.
Scheffler shares US PGA lead as Aronimink bites back
As many of the world's best struggle at the US PGA Championship, Scottie Scheffler - the world's very best - is among a select few to get change out of Aronimink.
BrightSpring Health Services (BTSG) Is Up 10.3% After Raising 2026 Revenue Guidance And Q1 Beat – Has The Bull Case Changed?
In early May 2026, BrightSpring Health Services reported first-quarter results showing revenue of US$3.61 billion and net income of US$148.77 million, and also raised its full-year 2026 earnings guidance to expected revenues of US$14.73 billion to US$15.23 billion. The combination of outperformance in specialty pharmacy and infusion services, efficiency gains from automation, and successful home health integrations is reshaping how investors view BrightSpring’s earnings power and growth...
Two Johns Hopkins researchers elected to National Academy of Sciences
Ulrich Mueller, Erika Pearce recognized for their groundbreaking work on hearing loss and immune metabolism, respectively
A smarter helmet for the smallest patients
U-M Health specialists invented a new design for cranial shaping helmets to improve treatment for positional head deformities like plagiocephaly.
WHO warns nicotine pouch brands targeting youth as sales surge
The World Health Organization (WHO) today issues a strong warning over the rapid global expansion of nicotine pouch products, which are being aggressively marketed to adolescents and young people. WHO notes that regulation in many countries is limited or absent, raising concerns about youth nicotine addiction and related health risks.
PGA Championship Round 2 tee times: Scottie Scheffler will go out early
Scheffler, world No. 1 and winner of four major championships, has never led a major championship after Round 1.
The candidate facing one of the nation’s most competitive congressional races
2026 NFL schedule: The top 10 must-watch games of the season includes many Thanksgiving and Christmas matchups
Politics Chat, May 14, 2026
A newsletter about the history behind today's politics.
Bob Myers, Josh Harris address Jared McCain trade; 76ers weighing if 3-max-player roster can still deliver NBA title
Packers fail TE Luke Lachey’s physical
Green Bay’s waiver pickup from earlier this week will not be a Packer moving forward
Taming UK yields depends on economics not politics
Long-term government borrowing costs above 5% are higher than other developed economies and more sensitive to shocks. It’s tempting to blame political upheaval, but structural factors matter more. The solution is to shrink macroeconomic imbalances and revive capital markets.