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Britain Politics
Britain Minister of State for Trade Chris Bryant, left, takes a group photo with Jasem Mohamed Albudaiwi, secretary general of the Gulf Cooperation Council, and delegation members during a signing
WATCH: 'Day of justice is finally arriving' for Castro family, GOP House members say
FOX26 Kim Stephens sits down with Monty Torres for health update
We've been missing Monty Torres delivering your 10 PM news since September.I've given you a few updates since then on social media, but on Tuesday, we got to si
MAGA Has Been Reduced to a Tiny Universe of Angry Cranks
Though Trump-aligned Republicans were able to win primaries on Tuesday, they’re by no means the front runners in November.
WATCH: After Massie defeat, Trump says it 'doesn’t work out well' when GOP members vote against him
Barney Frank, longtime Mass. congressman, has died
Frank was the first member of Congress to publicly come out as gay voluntarily.
Trump’s Spring Revenge Tour Routed G.O.P. Foes. But Fall Headwinds Loom.
He has used his sway with his base to oust wayward Republicans more than he has made inroads with the independents his party needs to defeat Democrats in November.
Republicans Collins, Dooley Advance to Primary Runoff in Hopes of Facing US Senator Ossoff in November
By David Morgan May 19 (Reuters) - A hardline Republican congressman and a former college football coach who has never held elective office advanced to a runoff on Tuesday in Georgia's U.S. Senate Republican primary election, extending a messy intra-party battle to determine who will face ...
Pickleball and pizza: BTS’s Bay Area tour boosts local businesses
(KRON) — Members of global K-pop supergroup BTS were recently spotted playing pickleball in Campbell and grabbing pizza in Redwood City, leading to a significant increase in attention and cus…
GOP voters overwhelmingly pick Woods over Lindemuth in the 98th District
Lancaster County Clerk of Courts Nicky Woods will move on to the November general election in the 98th House District after winning Tuesday’s Republican primary.
Samsung One UI 9 Beta eligible devices: Android 17 beta expected list
Samsung just kicked off the One UI 9 beta program for the Galaxy S26 series in mid-May 2026. If you own one of those new flagships, you can already sign up through the Samsung Members app in countries like the US, UK, Germany, Korea, and soon India and Poland. But what about the rest of […]
S. ‘Soma’ Somasegar, 1966-2026: Microsoft and Madrona leader was a champion of developers and startups
Friends and colleagues remembered S. "Soma" Somasegar, the longtime Microsoft developer leader and Madrona managing director, as a generous mentor to developers and founders, and a fixture of Seattle's tech community.
Idaho Democrats choose small business owner in uphill race against incumbent GOP governor
Idaho Gov. Brad Little will face Democrat Terri Pickens in the general election as he vies for a third term in a solidly Republican state this November.
Trail Blazers lay off dozens of staff members on business side of team
At least three dozen staff members with the Portland Trail Blazers were laid off on Tuesday morning, our news partners at Willamette Week report.The layoffs wer
Phil Collins makes rare public appearance months after revealing devastating health issues
Phil Collins made a rare public appearance in London over the weekend with his ex-wife, Jill Collins, along with Rod Stewart and Penny Lancaster. The former Genesis drummer will be inducted into the Rock & Roll Hall of Fame in November.
Jonathan Weigel named one of the World's Best 40-Under-40 Graduate Business Professors by Poets & Quants - Haas News
Assistant Professor Jonathan Weigel, who teaches business ethics to MBA students and studies how fragile states can build more accountable governance, has been named one of Poets & Quants’ “World’s Best 40-Under-40 Graduate Business Professors of 2026.” Weigel was selected from more than 1,700 nominations from students, administrators, and faculty members at business schools around […]
Michael Lee Tinaglia
Aronberg Goldgehn, a premier full-service business law and litigation firm with offices in Chicago and Wheaton, Illinois, is pleased to announce Michael Lee Tinaglia has joined the firm as a Member.
Entertainment District Focus Group meets for the last time
ROANOKE, Va. (WFXR) – The Berglund Center is awaiting an upgrade, but the city is just not sure what the upgrade will be yet. That’s why Roanoke City Council Member, Phazhon Nash, organ…
Anthropic hires former OpenAI and Tesla AI boss Andrej Karpathy
Andrej Karpathy, the OpenAI founding member who was formerly Tesla's AI boss, announced on Tuesday that he had joined Anthropic.
Brown University names Francesca Beaudoin as public health dean
An alumna, Beaudoin has led the School of Public Health on an interim basis since January, and played a leadership role in the university’s healing and recovery effort in the aftermath of the campus shooting in December.
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.
Live Results: Idaho midterm congressional primaries
The contests will set the stage for the November general election, when Republicans will count on big wins in Idaho to help keep control of the U.S. Senate and House.
What was the World's Fair like in New Orleans? I covered it for the media in 1984.
New Orleans writer Errol Laborde was a member of the media when the fair opened. Here's what he remembered.
Elon Sports Hall Of Fame 2026-27 Nomination Period Open
Members Of Elon Community Encouraged To Participate
Hochul resists pressure to intervene as 450K NYers prepare to lose public health insurance
New York GOP members of Congress "own" the healthcare cuts tied to the coverage losses, a Hochul spokesperson said.
Clark-Shawnee may delay cutting sports while pursuing smaller tax levy
After voters rejected three levies in the last two years, the Clark-Shawnee Local School Board is considering a smaller tax proposal for November while delaying planned cuts to sports and
Member States Support Extended Deadline For Talks On Pandemic Agreement Annex
All World Health Organization (WHO) member states supported the extension of talks on the last outstanding piece of the Pandemic Agreement, the Pathogen
Australian medical college leader suspended from position over alleged health and safety breach
Dr Sharmila Chandran suspended until 20 September as Royal Australasian College of Physicians agrees to work with regulator to meet its obligations
Nicole Wertheim, Philanthropist and Champion for Public Health, Dies at 82
Join us in remembering Nicole Wertheim, a visionary whose transformative gift ignited a movement at UC San Diego. From founding our school of public health to receiving the Chancellor’s Medal, her legacy of spirit and generosity will inspire students and shape a healthier world for generations.
Traditional Medicine Innovation for Health Impact: Financing, Collaboration, and Future Pathways
This session brings together WHO, Member States, innovators, regulators and private sector partners to explore the role of integrating and advancing traditional medicine to improve health outcomes, while accelerating innovation, partnerships and collaboration. Discussions will focus on translating evidence and innovation into implementation, addressing financing and policy barriers, and identifying practical pathways to scale credible, community-rooted traditional medicine approaches to expand access, equity and health impact.Watch live on YouTube
New Health Law Section Chair Jim Dering Wants To Hear From You - New York State Bar Association
Jim Dering plans on getting on feedback from members as he starts his term as the new chair of the Health Law Section. “To work with the Health Law Section’s other officers and Executive Committee, as well as others, in continuing to advance the section’s efforts to best serve existing members and attract new ones,”
Pittsburgh council member introduces plan to revitalize South Side business corridor
Pittsburgh City Council member Bob Charland (District 3) announced Monday the emergence of the South Side revitalization plan inside the business corridor.
Kudos to Cheer Club, College of Business faculty, Cybersecurity team and more
Becky Cottrell, Ph.D., Department of Social Work, and Bridget Arend, Ph.D., School of Education Becky Cottrell from the Department of Social Work and Bridget Arend, Ph.D., from the School of Education co-authored an article recently published in an international journal. Read the article. Biff Baker, Ph.D., College of Business Biff Baker, Ph.D., received a Best in Track award from the Society for Advancement of Management for research examining bureaucratic inefficiencies within Section 8 subsidized housing programs. The study focuses on how administrative delays and communication breakdowns can create housing instability for families and discourage landlord participation. It also offers recommendations to improve accountability and trust in public housing systems. Brendan Fry, Ph.D., Department of Mathematics and Statistics Brendan Fry, Ph.D., professor in the Department of Mathematics and Statistics, co-authored the article “Modeling the Impact of Venous Collapsibility on Retinal Oxygenation,” published in the Journal of Theoretical Biology. The interdisciplinary research brought together scholars from the University of Delaware, Indiana University Indianapolis, McGill University and the Icahn School of Medicine at Mount Sinai Hospital. Access the article. Bridget Arend, Ph.D., School of Education Bridget Arend, Ph.D., professor in the School of Education, co-published the book “Facilitating Seven Ways of Learning: A Resource for More Purposeful, Effective, and Enjoyable College Teaching, Second Edition” with James R. Davis. The book explores practical approaches to improving college teaching and student learning experiences. Buy the book. College of Business Faculty At the 2026 Western Decision Sciences Institute international conference, Sally Baalbaki-Yassine, Ph.D., Debora Gilliard, Ph.D., and David Lynn Hoffman, Ph.D., from the College of Business received the Best Case Study Paper Award for “Oreo: A Global Success Story in Brand Evolution and Market Leadership.” Lisa McVicker, Ph.D., and Apryl Brodersen, Ph.D., also had their paper, “Electronic Performance Monitoring: Employer Panacea or Legal Quagmire?” accepted for publication in the Journal of Business Leadership. Community Engagement Exchange Program Metropolitan State University of Denver was selected to host international Fellow Aleja Henao Espitia of Bogotá, Colombia through the Community Engagement Exchange program funded by the U.S. Department of State. View Espitia's LinkedIn profile. David Varel, Ph.D., College of Letters, Arts and Sciences MSU Denver historian David Varel, Ph.D., has been awarded a 2026 ACLS Fellowship by the American Council of Learned Societies. The fellowship program supports outstanding scholarship in the humanities and social sciences, and selected just 63 scholars from more than 2,000 applicants this year. Varel’s project, “The Black Chicago School: Academic Activism in the Age of American Apartheid,” explores the work of Black scholars who challenged scientific racism, built alternative institutions and helped lay the foundation for the modern civil rights movement. The fellowship provides up to $60,000 to support full-time research and writing. Learn more about the fellowship. MSU Denver Office of Financial Aid Team Several MSU Denver employees were recognized for leadership and service during the Colorado Association of Financial Aid Administrators (CAFAA) conference held in May in Crested Butte. Don Holtzen, interim associate director of systems, chaired the conference and was recognized for his service as CAFAA conference chair and technology chair during the 2025-26 term. Holtzen also received the Postsecondary Institution Professional of the Year award, which recognizes financial-aid professionals who have made significant contributions to their institutions and to CAFAA. Tori Pacheco, associate director of Student Services, helped design décor and facilitate the conference and was recognized for her service as CAFAA secretary during the 2025-26 term. Destiny Candelaria, call center coordinator, served on the conference planning committee and presented on One Stops during the event. Michael Nguyen, executive director of Financial Aid and Scholarships, assisted as a CAFAA board member and was recognized for serving as president-elect during the 2025-26 term. Richard Balbag, program assistant I, received the Distinguished Support Staff Member of the Year award, honoring staff members who have made exceptional contributions to their financial-aid offices. Military Friendly Recognition Military Friendly has awarded MSU Denver Gold Status as a military-friendly university and ranked the University No. 7 nationally for military spouses. The recognition reflects MSU Denver’s strong support systems for veterans and military spouses, including transfer credit assistance and retention-focused resources. As of 2026, 1,050 military-connected students are enrolled at the University, advancing institutional priorities around serving veterans and supporting student retention. MSU Denver Cheer Club The MSU Denver Cheer Club earned third place in the 4-Year College Small Coed Intermediate division at the USA Spirit Nationals. Celebrate the win on Instagram. MSU Denver Cybersecurity Team An MSU Denver cybersecurity team earned first place in the Strategist category at the 2026 CYBER RECon National Competition hosted at Fort Meade, Maryland, by U.S. Cyber Command. Led by Jeffrey London, Ph.D., and undergraduate student Matthew Bopp, the team competed against universities and law schools nationwide with its 30-page legal analysis on cybersecurity and free speech titled “Freedom of Speech and MDM: Misinformation, Disinformation, and Malinformation.” The paper also earned Bopp a personal invitation to apply to the University of Maryland School of Law. MSU Denver Debate Team MSU Denver Debate won the 2026 Sierra Sustainability Summit hosted at Yosemite National Park in April. Students Kat Conte and Simon Bernhard bested teams from George Washington University, Gallaudet University, Cal Poly San Luis Obispo, the University of San Francisco and Tennessee Tech in the modified present-and-defend style competition. Their proposal recommended adapting Colorado’s Keep Colorado Wild Pass model to support California state parks facing budget constraints. Learn about the summit. MSU Denver Women’s Golf MSU Denver Women’s Golf was represented on the national stage this month as junior Neige Dunn competed as an individual at the NCAA West Regional. She became the first Roadrunner in 10 years to qualify for NCAA Regionals as an individual. Get the details.
UC faculty and staff rally for state investment in science
UC President James B. Milliken and other leaders urged state lawmakers to pass SB 895, bipartisan legislation that would place a $12 billion bond to fund scientific research across California on the November 2026 ballot.
Trump targets Massie in latest political fight as MAGA holds strong
During a November news conference alongside survivors of Jeffrey Epstein, Rep. Thomas Massie, R-Ky.
Dem who welcomed socialist mayor's 'change' now sounding alarm over billionaire exodus: 'Gravely concerned'
A Seattle Democratic councilmember who once welcomed socialist Mayor Katie Wilson now admits he is "gravely concerned" about the city's business exodus.
Georgia Republicans Grasp for a Contender to Take On Democratic Sen. Jon Ossoff
On the eve of their primary, Republicans have grown nervous about their prospects in November against Mr. Ossoff, regarded as the most vulnerable Democratic senator in the fall midterms.
D4vd’s Arcane Song Is Disappearing From Streaming After Arrest
The ‘Remember Me’ singer has been accused of murdering a 14-year-old girl
APSA Statement on the Dismissal of the National Science Board -
The American Political Science Association (APSA) condemns the Trump Administration’s recent dismissal of all 22 members of the National Science Board (NSB), the independent advisory and oversight body for the National Science Foundation (NSF). This [...]
Sports Business Journal names Indianapolis No. 3 in 2026 Best Sports Cities rankings
Sports Business Journal names Indianapolis No. 3 in 2026 Best Sports Cities rankings
Sports Business Journal names Indianapolis No. 3 in 2026 Best Sports Cities rankings
Sports Business Journal names Indianapolis No. 3 in 2026 Best Sports Cities rankings
7 massive box office hits that vanished from cultural memory
Movie lovers dig up the films that nobody remembers despite making $400M+ at the box office.
Apple Announces WWDC 2026 Schedule, Sends Media Invites
Apple today provided a schedule for its 2026 Worldwide Developers Conference, which starts on June 8 and ends on June 12. Apple also sent out invites to members of the media who have been invited to attend an in-person keynote viewing at Apple Park. Both the invites and schedule confirm that the keynote will begin at the standard time, 10:00 a.m. Pacific Time or 1:00 p.m Eastern Time.
Apple sends invites for WWDC26 keynote, unveils schedule
Apple is officially inviting members of the press to WWDC 2026 today. WWDC will kick off on June 8, with...
NASA’s MAVEN Makes 1st Discovery of Atmospheric Effect at Mars
In December 2023, scientists looking at Mars data stumbled across something completely unexpected — observations of an atmospheric effect never before seen in
The ugly reality of racial politics in today’s Republican Party
The GOP is increasingly embracing racial politics, with many of its members either expressing racist views or playing along by ignoring them, as evidenced by the recent Supreme Court ruling that di…
EPA announces new selections to Science Advisory Board
The U.S. Environmental Protection Agency (EPA) has announced the selection of new members to its Science Advisory Board (SAB), which provides expert
They Remember Every Moment of Their Lives. Scientists May Have Just Figured Out Why.
The rare people with highly superior autobiographical memory (HSAM) might owe it to how they sleep.
Op-ed: Trump Fires All Governing Members of the US National Science Foundation Amidst Major Cuts to Research
Trump Administration efforts to erase the independence of federal agencies, and roll back research, continue in the firing of all 22 National Science Foundation board members
D4vd's League of Legends Arcane song seemingly removed from the official soundtrack on Spotify
It appears that Riot Games has chosen to remove D4vd's Remember Me from the League of Legends Arcane Season 2 soundtrack on Spotify.
AP Decision Notes: What to expect in Pennsylvania’s primaries
Pennsylvania Democrats will pick nominees to unseat a trio of vulnerable Republican members of Congress in a state primary on Tuesday.
Hantavirus-hit cruise ship docks in the Netherlands
MV Hondius was carrying 25 crew members and two medical personnel as it reached the Dutch port of Rotterdam.
Free family movie nights planned for Lancaster\'s Binns Park; here\'s what\'s showing, and when
In the spirit of celebrating America’s 250th birthday, the city of Lancaster has planned a monthly family movie night from this Friday through late September.
Iconic rock group’s founding member dead at 76: ‘Faced illness with remarkable strength’
The New Jersey native co-founded Dr. Hook and the Medicine Show in 1969 and had announced his retirement from touring just months before his death.
Colorado GOP plays with fire as primary approaches
Over the next several weeks, the Colorado Republican Party will make consequential decisions that will determine just how relevant it will be in 2026 and beyond. The 600-member Colorado Republican State Central Committee will meet on May 30 to elect a new state chair following the resignation of Brita Horn. The Colorado Republican Primary Election […]
China Politics
China's Foreign Minister Wang Yi, center, looks on as diplomats and staff members gather for an official group photo following the presentation ceremony for the ministry's Outstanding Diplomat Medal in
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...
Sunday Sports: Remembering Kirk Ventiquattro
Here’s a recap of your North Country sports this Sunday.
‘Won’t be anything left’: Trump issues warning to Iran after national security team meeting
President Donald Trump met with top members of his national security team on Saturday to discuss the path forward on the Iran war, a source familiar with meeting told CNN, a day before he said Tehran “better get moving, FAST, or there won’t be anything left of them.”
Sen. Bill Cassidy’s losing legacy: He gave America RFK Jr.
His hand in compromising public health may be remembered most after his electoral loss.
Everton 1-3 Sunderland: What Moyes said
Merlin Rohl is the very first German player to score for Everton in the Premier League and the newest nationality to strike for the Toffees in the competition since Guinea-Bissau's Beto in December 2023. Everton manager David Moyes has lost his last three Premier League meetings with his former sides.
Leeds 1-0 Brighton: What Farke and Calvert-Lewin said
Leeds United extended their Premier League unbeaten streak to eight games (W4 D4), which is their longest run in the competition since November 2001 (13). Daniel Farke's side have won three consecutive Premier League home games for the first time since August 2001 (5 in a row).
First iPhone 18 Pro and iPhone 18 Pro Max cases revealed; might not fit iPhone 17 Pro
The first leaked iPhone 18 Pro and Pro Max cases reveal a design similar to the iPhone 17 Pro, featuring a large camera island and MagSafe. Expectations for the September 2026 launch include a 48MP variable aperture camera, and a new Dark Cherry color.
Spotlighting Mental Health Awareness Month
This week on In Focus, State Assemblymember Paula Kay and Mental Health Association of Rochester President and CEO Valerie Way join the show to discuss Mental Health Awareness Month.
Juufuutei Raden’s Guide for Pixel Museum DLC ‘Hakone Travelogue’ announced
Jupiter Corporation has announced pixel puzzle game Juufuutei Raden’s Guide for Pixel Museum downloadable content “Hakone Travelogue.” It will launch in December.
Country music star left a ‘vast archive’ of unreleased music after his recent death
The beloved singer died in December.
NH's Business: School budgets, and lower enrollment
Fred Kocher sits down with members from the Manchester School District about lower enrollments in schools, and school budgets.
Questions for Mike and Phil
If you’re a fan of the old Seinfeld TV show, you might remember the fat postman, Newman, being asked why postal workers “go postal”? “Because the mail never stops. It just keeps coming and coming and coming! There’s never a let up! It’s relentless! Every day it piles up more and more and more! You […]
Union offers no-cost health care to members in Latham
United Association Local 7 held a grand opening for its new health clinic for union members and their families at the Capital Region Health Park in Latham on Saturday.
What GOP officials are hopeful — and worried — about six months from the midterms
NBC News spoke to roughly 30 Republican National Committee members and GOP activists around the country about how the party can keep control of Congress in November.
What's behind Detroit's new summer Midnight Basketball League
The city of Detriot had members of the Detroit King and Detroit Renaissance boys and girls basketball teams promote its new basketball league online.
South Bend's Westside Memorial Day Parade marks 100 years
For 100 years, the parade has paid tribute to service members who have died. But it's also a neighborhood and family tradition for the westside.
Sports Argus: Remembering the 'sporting bible of the Midlands'
A book has been published charting the history of the Saturday sports paper which ran for 109 years.
MVP MMA 1 Highlights: Mike Perry vs. Nate Diaz
"Platinum" Mike Perry made his return to mixed martial arts on Saturday, defeating Nate Diaz via corner stoppage in the second round. It was both fighters’ return to mixed martial arts. Perry last fought an MMA bout in April 2021. Diaz was last in the cage in September 2022, but they put on an ...
Affinia Healthcare held free health screenings for tornado survivors and community members
Affinia Healthcare held free health screenings for survivors of the May 16 tornado and community members on Saturday.
Mental Health Resources
As Real Salt Lake and Utah Royals FC honor Mental Health Awareness Month, the Club encourages all fans, staff, and players to remember that they are never alone. Reaching out for support is a sign of strength. Together with our partner Intermountain Health, here’s how we're working to support mental
NASCAR tire carrier saves reporter from runaway pit box before Craftsman Truck Series race
NASCAR pit crew member Donovan Williams put his body on the line to save reporter Amanda Busick from a runaway pit box at Dover International Speedway.
Inside Trump’s Midterm Strategy: a Mountain of Cash to Stem GOP Losses
Redistricting battle provides glimmer of hope for Republicans in November.
Greater Wilmington Sports Hall of Fame set for 19th induction class Sunday
The Greater Wilmington Sports Hall of Fame will induct five new members this weekend. Read about each one here.
Letters to the Editor: When AI comes for your job in entertainment, maybe then you’ll care
'According to one 2024 report, more than 200,000 jobs in the entertainment industry could be displaced by AI. Those most likely to be affected include background actors, crew members, production staff and positions such as grips and prop masters,' writes an L.A. Times reader.
Gemini's Spark agent has leaked, and it looks like it's gunning for Claude Cowork's throne
It could clean up your messy Gmail inbox or make changes to your Google Docs.
Why Trump (rightly) Fired the National Science Foundation Board
President Trump’s recent firing of all 22 members of the National Science Foundation board ignited the sort of institutional panic one normally associates with medieval villagers spotting a comet.
Custom Medallion Supplier A.T. Designs Celebrates 50 Years in Business
Owner Trevor Temple started his business from a garage in 1976 with an eye toward innovation.
Yes, Florida is the only state in the nation removing children from low-cost health insurance
Florida is the only state in the nation removing children from its low-cost health insurance program, KidCare, because of missed payments. It removed about 43,000 children from December 2024 to November 2025.
A Republican’s Mysterious Absence Reflects Congress’s Silence on Health
Presidents are expected to tell the public basic health information, but members of the House and Senate often stay silent about medical conditions, even those that affect their ability to do their jobs.
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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