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Rep. Al Green shares new Trump impeachment effort, talks money in politics at BIP event
The 79-year-old progressive will depart from his position in January.
Businesses brace for impact as digging set to begin at Olney home
Heavy machinery, road closures and weeks of work could affect businesses near the Chew Avenue property in Philadelphia.
Rhamondre Stevenson reaches pay dirt for first time in 2026
Rhamondre Stevenson
Brazils presidential race heads to Lula–Bolsonaro run-off as right gains ground
Now there are two: Brazil heads into a runoff after a first round that failed to fully energize voters, setting the stage for a more polarized contest that Washington is watching very closely.
Preview: Phoenix Suns Open Preseason Play vs. Detroit Pistons
Jordan Ott debuts a revamped, ball-dominant starting five against the Eastern Conference’s top seed while testing how new floor spacers fill the void left by departing sharpshooters.
Rapper Lucki alleged stabbed in bloody brawl outside ComplexCon
Video appears to show the rapper with a laceration below the jaw. At least four people were hurt in a knife attack, police said.
A student guide to mental health resources on campus
Recognition of someone struggling is only the first step of prevention. Whether a student is experiencing a crisis themselves or knows someone who is, Auburn's mental health resources offer several means of support. College is a transitional time in life, and seeking help during those struggles, no matter how big or small, can make a significant impact.
Raiders show heart, but Chiefs escape Vegas undefeated
LAS VEGAS—It was a heavyweight collision in Las Vegas but, instead of the ring, the battle took place on the gridiron.
They survived World War II and lost decades, but not 2026. Japan's century-old businesses are disappearing at a record pace
Japan’s century-old businesses face mounting pressures from rising costs, labor shortages, a shrinking market and succession challenges.
US midterms: 470 seats, $12 billion and one absent president
Americans go to the polls on November 3 for elections that will shape the final two years of Donald Trump's presidency -- although the president himself will not be on any ballot.44: House races on No...
Trump faces midterm verdict as Democrats close in on US Congress
A month before the US midterms, Democrats are eyeing control of Congress -- and the power to put President Donald Trump on the defensive for the rest of his term by investigating his administration an...
Lula, Brazil's political titan, races against time
Shirtless and drenched in sweat on his treadmill, Lula...
Brazil's presidential race heads to Lula–Bolsonaro run-off as right gains ground
Now there are two: Brazil heads into a runoff after a first round that failed to fully energize voters, setting the stage for a more polarized contest that Washington is watching very closely.
Va.'s 1st Congressional District Race Draws National Attention between Wittman, Taylor
A new poll shows Democrat Shannon Taylor leading Rep. Rob Wittman in Virginia's 1st Congressional District, one of the nation's most competitive races.
Three Preseason Goals For Chicago Bulls' Rookie Caleb Wilson
As Caleb Wilson faces his first NBA competition, the rookie must translate Summer League dominance into veteran-level shooting, defensive aggression, and a compelling case for the starting lineup.
Countries race to provide oral health care for all in 100-Day Sprint across Asia
Twenty Asian countries and areas across the WHO Western Pacific and South-East Asia regions vowed to strengthen essential oral health benefits as part of a “100-Day Sprint” initiative, during the 16th Asian Chief Dental Officers Meeting held from 27 to 29 September in Kota Kinabalu, Malaysia. The meeting marked the midpoint of the 100-day sprint bolstering support for countries to develop essential oral health benefit packages that can be integrated into national universal health coverage plans. Convened by the two WHO regional offices and the Malaysian Ministry of Health as the Secretariat, the meeting brought together national oral health leaders from 20 Asian countries, staff from all levels of WHO, WHO collaborating centres and other development partners. Participating countries and areas included: Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China, Hong Kong (SAR) China, India, Indonesia, Japan, Lao People’s Democratic Republic, Malaysia, Maldives, Mongolia, Nepal, the Philippines, Singapore, Sri Lanka, Thailand, Timor-Leste and Viet Nam. Participants reviewed progress and refined proposals using the WHO Service Package Delivery and Implementation (SPDI) Platform. Countries conducted bottleneck analyses across four key areas: service delivery, workforce, access to essential medicines and health products, and health financing. They identified practical actions to address implementation challenges and refined proposed revisions to their national oral health benefit packages. “There is no health without oral health. Through the 100-Day Sprint, countries are advancing the implementation of the Western Pacific regional implementation plan on oral health and strengthening progress towards universal health coverage,” noted WHO Regional Director for the Western Pacific Dr Saia Ma'u Piukala. Participants identified bottlenecks and proposed workable solutions to strengthen access to essential oral health care through primary health care, sharing experiences and discussing how best to translate policy commitments into feasible and sustainable action at the country level. Malaysian Minister of Health Datuk Seri Dr Dzulkefly Ahmad highlighted the importance of prevention and primary health-care approaches to improve oral health: “Oral diseases can have lifelong consequences, yet many are preventable. By integrating essential oral health care into primary health care and promoting prevention in schools and communities, we can improve oral health across the life course.”The WHO team led by Dr Huong Tran, Director of the Division of Health Promotion, Disease Prevention and Control of the WHO Western Pacific Region and national oral health leads from over 20 Asian countries visited the SK Pekan Putatan School, Sabah for school oral health programme including flouride mouth rinsing. © WHO / V. ChaudharyDr Huong Tran, Director of the Division of Health Promotion, Disease Prevention and Control for the WHO Western Pacific Region, emphasized key collaborative roles WHO can play. “Oral diseases are the most common noncommunicable diseases, yet many can be prevented and treated through essential oral health services delivered at the primary health-care level,” she said. “By sharing experiences and using WHO tools such as the SPDI Platform, countries are accelerating progress towards universal health coverage for oral health.” “Integrating oral health into broader health services is essential for reducing inequities, expanding access and recognizing oral health as an integral component of overall health and well-being. The 100-Day Sprint provides an important opportunity to translate this commitment into practical action and ensure that quality oral health services reach all people, especially those most in need,” said Dr Suman Rijal, Director of the WHO South-East Asia regional Department of Healthier Populations and Noncommunicable Diseases. As host of the meeting, Malaysia showcased ongoing efforts to strengthen oral health care through primary health care and prevention-focused approaches, while providing a platform for countries across the two WHO regions to exchange experiences and accelerate progress towards universal health coverage for oral health. “WHO is encouraged by Malaysia's leadership in addressing the burden of oral diseases and advancing universal health coverage for oral health through practical, country-led action,” said Dr Rabi Abeyasinghe, WHO Representative to Malaysia, Brunei Darussalam and Singapore. Countries will continue to refine and figure costs for national oral health benefits during the remaining sessions of the 100 days. These efforts support implementation of the WHO Global strategy and action plan on oral health 2023–2030, while also helping to expand access to essential oral health services through stronger and more equitable health systems across the WHO Western Pacific and South-East Asia regions.______________For more information, or to arrange media interviews, contact: WHO Regional Office for the Western Pacific: wprocom@who.int WHO Regional Office for South-East Asia: SEMediaRelations@who.int
This mysterious hole on the Moon may open into a giant cave
NASA has selected the GIMLI project to investigate whether the Marius Hill Pit opens into a vast underground cave or lava tube. Using radar, seismic sensors, gravity measurements, and cameras, researchers will search beneath the lunar surface and estimate the size of any hidden void. Such caves could preserve clues to the Moon’s volcanic history and potentially provide protected shelters for future astronauts.
WHO joins Pre-COP31 to advance climate action that delivers for people’s health
The World Health Organization (WHO) is joining Pacific leaders, governments and partners at Pre-COP31 in Fiji from 5 to 8 October to advance health priorities in climate action and strengthen the Pacific voice ahead of the 31st Conference of the Parties (COP31) to the United Nations Framework Convention on Climate Change (UNFCCC).COP31, to be held next month in Antalya, Türkiye, marks an important step for global climate and health action. Health is one of the 10 priority themes of the COP31 Action Agenda, “Dynamic and Resilient Health Systems”, and a dedicated Health Day will take place on 9 November, the first day of COP31. The inclusion of health reflects growing global recognition that climate action and health are closely connected. The climate crisis is affecting population health globally. Across the WHO Western Pacific Region, which includes Pacific island countries and areas, the consequences of climate change include extreme heat, cyclones, floods, rising sea levels, food and water insecurity, infectious diseases and disruptions to essential health services. The Pacific in particular faces additional challenges. A recent review of 76 hospitals in 14 Pacific island countries found that 62% of health facilities are located within 500 metres of the sea or a river, leaving them particularly exposed to flooding, storm surges and sea-level rise.Bringing Pacific priorities to the global climate agendaThe Pacific Pre-COP31 provides an important opportunity for Pacific countries and partners to consolidate regional priorities and bring the experiences and leadership of Pacific communities into global climate discussions.Pacific countries have been advancing practical approaches to protect health in a changing climate, including strengthening climate-resilient health systems, improving preparedness for extreme weather events, building resilient health infrastructure and mobilizing climate finance for health. “This Pre-COP is an important moment for the Pacific, bringing global climate discussions to a region that has long been at the forefront of the climate crisis. It provides an opportunity for Pacific countries and areas to set their priorities, experiences and leadership on the global stage, and to ensure that the realities of Pacific communities are genuinely reflected in the decisions made on climate action,” said Dr Saia Ma’u Piukala, WHO Regional Director for the Western Pacific.Throughout this week, WHO will co-convene and participate in high-level discussions and events focused on climate and health, climate resilience, adaptation, financing and implementation. “Climate finance is essential for resilient and healthy Pacific communities,” emphasized Dr Mark Jacobs, WHO Representative to the South Pacific and Director of Pacific Technical Support. “We must ensure that financing reaches the people, communities and essential services most exposed to climate risks, supporting locally defined priorities and investments.”WHO will work with partners to strengthen the integration of health considerations across climate policies and investments, including national climate plans and resilience initiatives.Health as a driver of climate actionAmid the risks to health and pressures on health systems, well-strategized and implemented climate action can deliver significant health benefits. Investments in clean energy, sustainable transport, resilient infrastructure, food systems and nature-based solutions have proven to reduce health risks while contributing to climate mitigation and adaptation.“Climate action is truly an investment in health. Cleaner energy, healthier food systems and climate-resilient health services can protect lives while building stronger communities. We now need to turn these opportunities into action and make health a core part of climate investments,” said Dr Sandro Demaio, Director and Head of Office, WHO Asia-Pacific Centre for Environment and Health in the Western Pacific Region. “These benefits demonstrate that climate action is not only about reducing future risks. It is also an opportunity to improve lives today while building healthier, safer and more resilient societies.”At COP31 next month, WHO will also support the Health Pavilion, which will bring together the global health community and partners to advance health and equity within climate negotiations. With COP31 poised to move health higher on the global climate agenda, WHO will continue working with countries and partners across the Western Pacific Region and globally to strengthen climate-resilient and low-carbon health systems, and ensure that climate action protects and improves people’s health.____________________Media contactsElizabeth Bennett, WHO Asia-Pacific Centre for Environment and Health in the Western Pacific Region, elizabeth.bennett@who.intJulia Dongwhan Shin, WHO Asia-Pacific Centre for Environment and Health in the Western Pacific Region, dong.shin@who.intWHO Western Pacific Communications, wprocom@who.int
Rams Stun Eagles With Wild Comeback to Avenge 2025 Heartbreak
The Rams pulled off a dramatic come-from-behind win against the Eagles, avenging their heartbreaking 2025 loss. The post Rams Stun Eagles With Wild Comeback to Avenge 2025 Heartbreak appeared first on LA Sports Report.
Ed Sheeran's newest opening act praises Macklemore amid tour drama
After other musical acts quit his tour following Macklemore's removal for pro-Palestinian messaging during a performance, Ed Sheeran found a replacement opening act for a night.
Patriots’ HC Raves About Drake Maye Compared to Josh Allen
The New England Patriots needed a response after a lopsided loss. Head coach Mike Vrabel received one from his quarterback against a division heavyweight. New England stunned the previously unbeaten Buffalo Bills 29-26 on Sunday, Oct. 4, and Vrabel placed Drake Maye in the same conversation as reigning NFL MVP Josh Allen afterward. “Gets us […] The post Patriots’ HC Raves About Drake Maye Compared to Josh Allen appeared first on HEAVY.
Can HRT help prevent dementia? New research suggests it might
As debate continues over whether hormone replacement therapy can protect against dementia, new studies suggest timing and formulation are key.
Patrick F. Szukics, D.O., Joins Baptist Health Orthopedic Care as Orthopedic Sports Medicine Surgeon
October 1, 2026 – Fellowship-trained orthopedic sports medicine surgeon Patrick F. Szukics, D.O., has joined Baptist Health Orthopedic Care. Dr. Szukics specializes in diagnosing and treating sports-related and orthopedic injuries of the hip, knee, shoulder and ankle. His expertise includes minimally invasive arthroscopic surgery, shoulder replacement, and the treatment of tendon and ligament injuries. He […]
Oldtone Music Festival returned to Hillsdale
Oldtone Music Festival drew bands, dancing and workshops at Cool Whisper Farm, celebrating roots music and traditional folkways.
Your guide to California’s 6th Congressional District race
The new 6th District spans from Roseville and Rocklin in the north to West Sacramento in the south.
Township of Ocean Announces Annual Pumpkin Decorating Contest for Local Youth
Ocean Township opens youth pumpkin decorating contest, with Amazon gift cards for top entries in two age divisions.
Who Will Replace Pedro Guerrero as Marlins' Hitting Coach?
After a rather apathetic offensive performance in 2026, the FIsh are looking for a change
Virginia High School Football Rankings: Top 25 Teams
As fall begins to set in across the country, some great high school football is being played in Virginia. Some great programs are going head-to-head against one another, and even going outside their borders to test themselves. Not too much time remains in the regular season. Races are beginning to take form and are setting […]
iPhone Duo shows what the future of smartphones could look like
Since the unveiling of iPhone Duo, the idea of all major interface navigation elements being accessible from your thumb has...
Ed Sheeran's new tour opener speaks out on Macklemore, calls for 'common ground'
After other musical acts quit his tour following Macklemore's removal for pro-Palestinian messaging during a performance, Ed Sheeran has found a replacement opening act.
Ace Combat 8: Wings Of Theve Smashes Series Steam Record With Over 52,000 Concurrent Players
Ace Combat 8: Wings of Theve is off to the series' best PC launch by a wide margin. The game came out on October 2 and peaked at over 52,000 concurrent Steam players a day later, according to SteamDB. That is nearly four times the 13,758 that Ace Combat 7: Skies Unknown managed in 2019, while...
Elon Musk rebrands SpaceXAI following Trump directive
SpaceX's artificial intelligence arm is undergoing another identity change just months after Elon Musk consolidated xAI into the company.
Who plays Sunday Night Football this week? Lions face Panthers
The Detroit Lions travel east to face the Carolina Panthers on Sunday Night Football.
Tom Cruise-led ‘Digger’ tanks at the box office
The Tom Cruise-led movie "Digger" cratered at the box office this weekend, limping to a fifth-place finish with $8 million in the U.S. and Canada in its theatrical debut. The Warner Bros. film was expected to do poorly after polarizing...
Late Sunday and SNF Open Thread!
Talk about all the late Sunday games with us right here!
7 Hard Sci-Fi Space Movies With Scientifically Accurate Physics
These movies used hard science to portray space travel.
$3.3M National Institutes of Health grant funds UH study of microplastics, infant brain development
Researchers will measure exposure through maternal blood, examine fetal brain development through ultrasound and collect cord blood and placenta samples. Infants will be assessed at 2, 6 and 12 months for neurological function, motor development, language skills and cognition.
Tom Cruise-led 'Digger' tanks at the box office
The Tom Cruise-led movie "Digger" cratered at the box office this weekend, limping to a fifth-place finish with $8 million in the U.S. and Canada in its theatrical debut. The
NH state retirees face 85% health premium hike
New Hampshire retirees in the state health plan will see premiums rise 85% in January under a one-year Anthem extension, while the state prepares to seek compet...
Five iPhone 18 Pro features you’ll want to try the second you unbox it
If you get an iPhone 18 Pro, this is what you need to try first to see what's new and put your new device through its paces.
Maala: The ESG engine quietly rewiring Israeli corporate culture
Maala’s influence is quiet, but structural. It is shaping expectations in boardrooms, guiding investor scrutiny, and setting the standards by which corporate leadership is increasingly judged
Crowley, Tiffany Offer Opposing Health Care Plans in Race for Governor
Affordability is an issue. Wisconsin's hospital prices among highest in the nation.
Syracuse survives UConn 42-41 in overtime
Amari Odom started in place of Steve Angeli.
Polls close in Bosnia in race where pro-Russia politician looms large and ethnic tensions simmer
Polls have closed evening in Bosnia after an election shaped by economic pressures, a youth exodus and concerns over corruption. Some leading politicians stoked ethnic tensions that have divided the
Rapper Lucki reportedly injured following confrontation at ComplexCon in L.A.
According to multiple sources, rapper Lucki was injured after a confrontation at ComplexCon, which is taking place at the Los Angeles Convention Center. TMZ reports that Lucki was involved in…
Tejas Fest brings Texas flavor to downtown Victoria
Live music? Check. Fresh street food? Check. Cowboy demonstrations, stilt walkers and Chihuahua races? Check, check and adorably check. The third annual Tejas Fest returned to downtown Victoria this weekend, […]
Former NASA science leader joins Blue Origin
A former NASA associate administrator for science is joining Blue Origin to lead the company’s advanced technology work.
Report: Assassin’s Creed Hexe Exclusive Character, Story Details Surface
With the long-rumored Assassin's Creed: Black Flag remake finally out, Ubisoft is now looking ahead to a different kind of Assassin's Creed. For a while, they've been working on Codename…
Eagles vs. Rams Week 4 game thread
The Eagles will face the Rams in Week 4 at Lincoln Financial Field.
How Enceladus' ocean spray becomes chemically diverse ice grains
Saturn's icy moon Enceladus hides a global ocean beneath its frozen surface. From fractures near its south pole, material from this ocean is ejected into space as a plume of water vapor and ice particles. ...
UCSB AGU Honors: Three Earth Science Researchers Recognized for 2026
Three UC Santa Barbara researchers have been honored by the American Geophysical Union for their outstanding contributions to earth and space science.
Penn State Opens as Underdog Against USC
Penn State has opened as an underdog for the first time in the 2026 season. Following back-to-back loses to begin Big Ten play, the Nittany Lions will be a 1.5-point home underdog when they face USC on Saturday. Despite the game being the annual White Out, the oddsmakers are still not confident in Penn State’s […]
Dodge City hands Rose Hill its first loss of season
The Red Demons opened the scoring on an Austin Pinon penalty kick in the seventh minute.
The Science Behind a Simple Headache Trick People Swear By
A viral trend promoting the placement of hair claw clips on eyebrows has captivated millions seeking fast headache relief without prescription drugs. If you have spent any time scrolling social media lately, you have probably spotted people clamping plastic claw clips directly onto their faces. It looks like an eccentric comedy sketch, but videos demonstrating this unusual trick have racked up more than 9 million views. Desperate headache sufferers are flooding comment sections, calling the clip
The pill: from symbol of women's liberation to subject of growing mistrust
Initially a symbol of liberation, the pill went on to become an almost inevitable part of a woman’s contraceptive journey. But today its use in France is in decline, the drop in popularity fuelled by…
Daryz claims rare back-to-back success in the Arc
Daryz repeats last year's success in the Prix de l'Arc de Triomphe, becoming just the ninth horse to win Europe's richest Flat race more than once.
How to follow the Singapore Grand Prix on the BBC
All the key BBC coverage details for the Singapore Grand Prix, the sixth and final sprint event of the season, which takes place from 9-11 October.
Puka Nacua expected to handle regular workload
Puka Nacua not expected to have any limitations in return to action
Women and underrepresented minorities have higher tenure-track placement rates in the political science job market
What actually lands a PhD student a tenure-track professorship? A new study suggests a candidate's publication record, research field, and demographic identity are much stronger predictors of hiring success than the prestige of their university.
Medicare for All remains key pressure point for Democrats ahead of midterms
The idea of universal health coverage in the US is embraced by party’s left but is often considered a liability by centrists
How To Catch Up On The Hellraiser Movies Before 'Revival'
The first survival horror video game in the Hellraiser series is quickly approaching, which means it's a great time to catch up on the films.
Could Democrats lose a Senate race in New Hampshire? A GOP candidate with a famous name tries to flip the seat
Trump holds Ohio midterm rally, urging voters to consider him on the ballot during 32-day campaign tour
President Trump rallied in Ohio as part of a 32-day midterm campaign tour, pushing GOP candidates in a Senate race that could shift control of Congress.
Pre-Snap Reads: Seahawks return home to face Chargers
Let’s get back on track, boys. Please.
Election 2026: Richmond mayoral race pits veteran against political scion
Claudia Jimenez, Ahmad Anderson will face off in November
Election 2026: Richmond mayoral race pits veteran against political scion
Claudia Jimenez, Ahmad Anderson will face off in November
Blue surge could breach Cascades in this Washington race
For more than 50 years, every Washington state lawmaker chosen to represent Chelan County has been a Republican. That might change in this November's election.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. 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. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
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Teton Gravity Research presents 'Actually, It Is Rocket Science' at Palace of Fine Arts in San Francisco - October 8, 2026
Event details about Teton Gravity Research presents 'Actually, It Is Rocket Science' in San Francisco on October 8, 2026 - watch, listen, photos and tickets