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Trump administration pushes narrative of Christian founding at rally
The day-long prayer event featured speakers from President Trump’s cabinet and a program that drew connections between the nation’s founding and Christianity.
Trump moves to dismiss $10 billion suit over leak of tax returns after reports of a resolution
The creation of a fund to pay allies of the president who believe they were wrongly investigated and prosecuted reflects Trump's long-running claims that the Biden administration Justice Department was weaponized against him.
A Look At AMC Entertainment (AMC) Valuation After Analyst Upgrade And Arena One Concert Launch
AMC Entertainment Holdings (AMC) is back in focus after an analyst upgrade linked to improving box office conditions, along with management comments on a lower revenue bar for free cash flow breakeven and the new Arena One at AMC concert format. See our latest analysis for AMC Entertainment Holdings. At a share price of $1.28, AMC has seen pressure recently, with the 7 day share price return down 9.22% and the 30 day share price return down 31.18%, while the 1 year total shareholder return is...
Healthy eating improves memory but sugary diets may cause lasting damage, animal study finds
As concern grows about the long-term health effects of modern diets, new research led by the University of Technology Sydney (UTS) has examined how changes in what we eat affect memory and brain function.
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…
Bahamian public health leader Dr. Merceline Dahl-Regis receives WHO Global Health Leaders Award at 79th World Health Assembly
Geneva, Switzerland, 18 May 2026 (PAHO) — Dr. Merceline Dahl-Regis of The Bahamas was recognized today with the World Health Organization (WHO) Director-General’s Global Health Leaders Award during the High-Level Welcome of the Seventy-ninth World Health Assembly (WHA79), honoring her lifelong contribution to public health in the Americas and globally.
Into The Unwell delayed to 2027, no longer Early Access
Coffee Stain Publishing and developer She Was Such A Good Horse have delayed “whack ‘n’ slash” cooperative roguelite action game Into The Unwell from its previously planned …
Virtual platform offers a valuable lifeline for rural primary care patients
An Indiana doctor built ChatRx, with e-prescribing built into its workflow, as an alternative to the long-drive, long-wait and high-cost alternative of in-person care delivery.
Buttigieg rallies for Montana election initiative, stays mum on political plans
During an hour-long speech in a packed Mother Lode Theatre, Pete Buttigieg made a rousing plea to ban corporate money from Montana politics while repeatedly sidestepping talk of a 2028 presidential run. The 2020 Democratic presidential candidate and former U.S. transportation secretary drew cheers from the audience of 1,200 in Butte as he suggested that special interests and corporate spending in campaigns had drowned out the concerns of average voters.
Indianapolis Tabbed No. 3 Best Sports Business City by Sports Business Journal
CHARLOTTE – Sports Business Journal (SBJ) has named Indianapolis as the No. 3 Best Sports Business City in the United States, the organization announced on Monday. The Best Sports Business Cities™ list highlights the top 50 cities for businesses operating in and around sports and influences strategic direction for sports business professionals across the United States. Started in 2023, Best Sports Business Cities™ is an editorial initiative developed by Sports Business Journal, the industry’s leading news source on the business of sports. Using extensive data from dozens of sources and insights from nearly 120 influential sports business executives, SBJ evaluated more than 2,000 markets to identify the top cities based on opportunity, economic environment and industry sentiment to identify cities with strong business presence, hiring potential and long-term investment viability.
Indianapolis Tabbed No. 3 Best Sports Business City by Sports Business Journal
CHARLOTTE – Sports Business Journal (SBJ) has named Indianapolis as the No. 3 Best Sports Business City in the United States, the organization announced on Monday. The Best Sports Business Cities™ list highlights the top 50 cities for businesses operating in and around sports and influences strategic direction for sports business professionals across the United States. Started in 2023, Best Sports Business Cities™ is an editorial initiative developed by Sports Business Journal, the industry’s leading news source on the business of sports. Using extensive data from dozens of sources and insights from nearly 120 influential sports business executives, SBJ evaluated more than 2,000 markets to identify the top cities based on opportunity, economic environment and industry sentiment to identify cities with strong business presence, hiring potential and long-term investment viability.
Heart health no longer requires a doctor's visit
The biggest cardiac innovation this year isn’t a piece of hardware; it's a shift in where care happens.
Kenyan scientist advances energy storage research in Germany
A Kenyan scientist in Germany is using advanced microscopy to study how batteries work at the atomic level—research that could lead to longer-lasting batteries while reducing the need for scarce raw materials.
Power Families of Chicago: Crown, Duchossois, Melman and Wirtz
Some long-familiar names — Crown, Duchossois, Melman and Wirtz — are among Chicago's most powerful families.
Illinois infrastructure investment strengthens economy and workforce
U of I professor Rober Bruno on how public infrastructure spending fuels job creation and long-term growth in Illinois.
Detroit’s lunch business struggles as hybrid work, economy reshape routines
The traditional sit-down “business lunch” is no longer the reliable revenue stream it was before the pandemic began in early 2020.
Why only five minutes of exercise a day could help millions of people live longer
Small increases in physical activity as part of our daily lives can bring long-term benefits to our health.
Kyowa Hakko highlights Cognizin citicoline’s science-backed cognitive health benefits
Kyowa Hakko USA is spotlighting citicoline’s benefits for cognitive performance and long-term brain health through multiple complementary mechanisms. The supplier will exhibit its citicoline ingredient Cognizin at this week’s Complementary Medicines Australia (CMA) Innovation Day 2026 in Sydney, Australia (May 21). CMA Innovation Day is one of Australia’s annual industry gatherings for the nutraceuticals supply chain, showcasing the latest innovations shaping the market for vitamins, minerals, and supplements in Australia and the Asia-Pacific region.
Rare earth breakthrough in China’s icy northeast
A new type of deposit in Heilongjiang and Jilin promises easier, cheaper mining than in southern clay-rich areas, say scientists.
Microsoft Brings Back Windows 10-Style Taskbar and Start Menu Customization in Windows 11
If you were a user of the Windows 10 operating system with a customizable Taskbar location, you were familiar with Taskbar customization and different placements. However, Microsoft kept this feature restricted in Windows 11 for a long time. The company is now introducing full support for Taskbar an...
China Politics
China's Foreign Minister Wang Yi arrives alongside foreign diplomats for the presentation ceremony of the ministry's Outstanding Diplomat Medal in Beijing, China, Monday, May 18, 2026. (Maxim Shemetov/Pool Photo via
Could Aday Mara fill Hawks’ longstanding need in the middle?
As the NBA Draft approaches, the Atlanta Hawks may have a chance to address one of their biggest long-term needs by selecting one of the fastest-rising prospects in the class: Aday Mara. Mara has rapidly become one of the fastest-rising names in this year’s draft class following an impressive NCAA Tournament run and eye-opening performances at the NBA Combine. Atlanta’s need at center has become increasingly clear over the past few seasons.
Volpe Brings Style to the Bronx
With the New York Yankees & Anthony Volpe, Charles Tyrwhitt is bringing its decades-long playbook to one of sports’ biggest stages.
Mystery grows around absent congressman facing tough reelection
Tom Kean Jr.’s months-long absence from Capitol Hill is the talk of the town in Washington. Where is the man? No one is saying
A Look At Live Nation Entertainment (LYV) Valuation After Recent Share Price Momentum
What recent performance says about Live Nation Entertainment stock Live Nation Entertainment (LYV) has drawn fresh attention after a period of steady share price movement, with the stock up 7.9% over the past month and 6.7% over the past 3 months. For investors tracking momentum and business fundamentals, those returns sit alongside reported annual revenue of US$25.6b and a reported net loss of US$410.3m, highlighting a mix of scale and ongoing profitability challenges. See our latest...
MarketInk: After 50 years of covering politicians, ex-KUSI news director Steve Cohen is running for Congress
Cohen is challenging longtime incumbent Scott Peters in California’s 50th Congressional District.
Poor air quality could aggravate health issues for vulnerable Long Island residents
The Air Quality Index, which measures the level of five pollutants, hit 105 in the metro area, including Nassau and Suffolk counties.
Yankees’ Aaron Judge-Ben Rice Duo off to Historic Start
Aaron Judge and Ben Rice have put themselves alongside some legendary New York Yankees duos with their early-season home run surge.
Sunday Patriots Notes: Mike Vrabel stays consistent in tumultuous offseason
Notes and thoughts about the Patriots’ head coach, their new longest-tenured employee, and more.
Cassidy tried to get along with Trump after his impeachment vote. Retribution came anyway
It was a hurdle too high for Bill Cassidy to clear.
Cassidy tried to get along with Trump after his impeachment vote. Retribution came anyway
It was a hurdle too high for Bill Cassidy to clear.
Belonging after disaster: How 'ibasho' may aid mental health recovery
Natural disasters drastically affect human lives—destroying homes, separating families, leading to disruption of daily routines, which affects their stability. While emergency mental health responses ...
New Brabus Twin-Turbo V12 Coupe Rocks a Long Hood and a Long Tail
Named after the company's founder, this limited-edition coupe is as long as some three-row SUVs.
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).
Full reopening of Hwy. 1 has business booming again along the Big Sur coast
From Cambria to Carmel, the region has seen a dramatic uptick in visitors, business activity and hotel occupancy since Highway 1 reopened after a three-year closure, Caltrans said.
Rory McIlroy Accused Of 'Selfish' Behavior At The PGA Championship
Rory McIlroy is showing everyone who he is at the PGA Championship. That's what some longtime critics think, anyway. While McIlroy has won back-to-back Masters championships, he hasn't been happy with the setup or the conditions at the PGA Championship. And he's been speaking out in a big way at ...
Report: Liverpool ready to move for PSG star
Liverpool Push Hard for Barcola DealLiverpool’s long-standing admiration for Liverpool FC winger Bradley Barcola appears to be entering a decisive phase, with growing indications that the player is ...
Surprising things about Phoenix from a New Yorker
I took a weeklong trip to Phoenix. During my first visit, I was surprised by the weather, sunsets, and scenic drives.
John Cena plans to lift weights in his 80s: longevity lessons from WWE
WWE icon John Cena said he's training for longevity with 3 tips he picked up in his pro wrestling career. He wants to stay strong for years to come.
Surreal honour to get Notts to Wembley
Goalkeeper and lifelong Notts County fan James Belshaw speaks on what it will be like to play for the Magpies at Wembley.
I removed Samsung's unremovable apps, and now my phone zips along
Half an hour with ADB and my Samsung finally runs clean
AI Wearables Are Coming. But They'll Need to Pass This Crucial Coffee Shop Test to Survive
Using a laptop or smartphone in public has long since become the norm. But AI wearables face a unique challenge.
Cybersecurity Is No Longer Optional for Any Business. These ETFs Are Built Around That Reality.
As the need for cybersecurity grows, the share prices of cybersecurity stocks have risen.
Kentucky’s Curious Cast of Political Characters
The state, where a rebellious Republican faces a tough primary challenge on Tuesday, has an unpredictable political landscape that has produced a long list of surprising figures.
Friendship, family, relationship breakups over politics all rising, new study finds
Politics in America is no longer just dividing voters at the ballot box... it may also be wrecking group chats, family dinners, and lifelong friendships.
Midlife exercise could add two healthy years to your lifespan, study finds
A comprehensive study found that people who were most fit in their 40s and 50s developed major illness later, and lived longer.
€100m Liverpool target may remain in Bundesliga
Yan Diomande Transfer Race Takes Fresh TwistLiverpool Target Faces Bayern ShadowYan Diomande has become the sort of name that turns recruitment meetings into longer conversations. At 19, with 13 goals...
How Investors May Respond To PENN Entertainment (PENN) Cutting Jobs In Its Interactive Division
PENN Entertainment recently announced it will cut more than 75 roles in its Interactive division, as operators across the sports betting industry respond to competitive and technological pressures including AI-enabled platforms and prediction markets drawing customers away from traditional sportsbooks. This restructuring highlights how PENN is reassessing the cost structure and scale of its digital betting operations at a time when its long-term plans rely heavily on improving profitability...
PHOTOS: Long Beach Adaptive Sports Fair
The second local Long Beach Adaptive Sports Fair took place at Long Beach City College on May 16th. The event featured a variety of adaptive sports including basketball, boccia, baseball and dance. PLAYMAKERS of Long Beach, Angel City Sports and Triumph Foundation teamed up to host the fair in a mov
Barcelona consider Julian Alvarez signing “practically impossible”
Barcelona intend to sign a new striker this summer, especially now that Robert Lewandowski’s expected exit has been confirmed. They want to bring in a big-money number nine to compete alongside Ferr...
A Look At Brookfield Business Partners (BBU) Valuation After Softer First Quarter 2026 Results
Brookfield Business Partners (BBU) is in focus after Brookfield Business Corporation reported first quarter 2026 results, showing sales of US$6,436 million and net income of US$40 million, both lower than in the same period a year earlier. See our latest analysis for Brookfield Business Partners. The recent 1-day share price decline of 2.09% to US$31.46 and a 30-day share price return down 9.21%, alongside a year to date share price return down 12.20%, contrasts with a 1-year total...
Guardians Even It Up In Ohio Cup
It was a fun and crucial win for the Guardians tonight after dropping game 1 of the Ohio cup. There were a ton of contributions tonight. Brayan Rocchio continues to be one of the most clutch hitters not only on the Guardians, but in the entire league. I’m not sure how long he will keep […]
Which players will not compete at the 2026 French Open
Main draw play of the 2026 French Open at Roland Garros, tennis‘ second grand slam of the year, begins on May 24. Between now and then, there may be additional player withdrawals, but the list is already long enough on…
Green Thumb Nursery celebrates a milestone
A longtime Lexington business celebrates a major milestone, marking 50 years in business with a customer appreciation event.
New study debunks the biggest fear about yo-yo dieting
For years, “yo-yo dieting” has been blamed for wrecking metabolism and causing lasting damage, but a major new review says the fear may be wildly overblown. After analyzing decades of studies in humans and animals, researchers found little convincing evidence that losing weight and regaining it actually causes long-term harm. While regaining weight can erase some health improvements, it doesn’t appear to make people worse off than before.
Stunning 150-million-year-old stegosaur skull rewrites dinosaur evolution
A spectacular dinosaur discovery in Spain is giving scientists a rare new look inside the world of stegosaurs. Paleontologists uncovered the best-preserved stegosaur skull ever found in Europe, belonging to the iconic plated dinosaur Dacentrurus armatus, which roamed Earth around 150 million years ago. Because stegosaur skulls are extremely fragile and almost never survive intact, the fossil is helping researchers uncover previously unknown details about how these armored giants evolved.
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
See our best photos of Nike EYBL in Memphis, local players
Local high school players along with NCAA coaches and NBA stars could be found at Nike EYBL Session 2 at the Memphis Sports & Events Center.
Guardians lineup, live score updates tonight vs. Reds
The Cleveland Guardians host the Cincinnati Reds on May 16. Follow along for live updates throughout the game tonight.
'Face of the business'; Longtime manager of Biddeford pizza shop dies
"Face of the business"; Longtime manager of Biddeford pizza shop dies.
Celebrating 50 Years Of L.A.'s Department of Consumer and Business Affairs (DCBA) ~ L.A. TACO
DCBA is marking its 50th anniversary with a yearlong celebration honoring the accomplishments that helped earn its reputation as “The People’s Department,” while also reflecting on the agency’s ongoing impact and future role in serving Los Angeles County residents.
Longtime KOAT health expert Barry Ramo awarded UNM honorary doctorate
Longtime KOAT health expert Barry Ramo was awarded an honorary doctorate from the University of New Mexico due to his decades of contributions in promoting heart health.
James Franco mounting big Hollywood comeback with 'Rambo' prequel
James Franco will star in the Rambo prequel 'John Rambo' alongside Noah Centineo, marking Franco's first big Hollywood blockbuster since he was accused of sexual misconduct in 2018.
AMERICA 250: The Tavern, the Print Shop, and the Small Business Roots of America’s Founding - Small Business & Entrepreneurship Council
By Karen Kerrigan – Long before America became a global economic powerhouse, local entrepreneurs and small business owners helped build the civic culture, communication networks, and spirit of independence that made our nation possible. As America marks its 250th anniversary, it is important to note that the nation’s founding was shaped not only in legislative […]
Americans Are Looking Abroad For Healthcare And A Better Quality Of Life
From healthcare costs to quality of life concerns, more Americans are considering relocation abroad as they reassess stress, access and long-term wellbeing.
The Internet Reacts To Xbox Going All Caps For Some Reason
This is no longer an Xbox, it's now an XBOX
What happened the last time Notre Dame played Wisconsin?
Notre Dame vs Wisconsin in Chicago was a long time ago — like 5 years.
Big lessons the US can learn from a country with one of the fastest-growing lifespans
There is a lot the United States can learn about health and longevity from South Korea.
Heart of Midlothian: A 150-1 Long Shot Is Set to Shock the Scottish Premier League
Plus, the World War I pilot who helped shape this week’s PGA Championship, the slugger who lost his home run stroke and Jason Gay.
Opinion | TV Bad Guys Come From Long Island
I noticed that a lot of TV villains come from the town I grew up in. I wasn’t surprised.
Stiles couple turns retirement hobby into successful, growing business
What began as a hobby is now a successful business for Irene and Randy Belongia, owners of Willow Buck Creations in Stiles.
Disillusioned with F1, Max Verstappen is about to start his longest motor race yet
Max Verstappen has expanded his interest in competing outside F1 in recent years. Now he's taking on his first 24-hour sports car race
907 Sports: Talkin’ the history of baseball in Alaska
In this edition of 907 Sports, we discuss the history of baseball in Alaska with clips from a longform interview with State Historian Katie Ringsmuth, while discussing our own experiences with ‘America’s Pastime’ in the Last Frontier.
Scientists Say a 40-Year-Old Childhood Obesity Warning May Be Completely Wrong
A long-accepted explanation of childhood growth patterns is now being challenged by new research that questions whether BMI changes in early life reflect fat accumulation at all.
LIVE SCORE UPDATES & ANALYSIS: Arkansas baseball at Kentucky Game 2
Follow along as the Razorbacks play the Wildcats in the second game of a series at Kentucky Proud Park.
Scientists say just 30 minutes of exercise a week could transform your health
You may not need hours at the gym to boost your health after all. Researchers say just 30 minutes of high-intensity exercise per week — broken into tiny bursts of effort that leave you out of breath — can dramatically improve cardiovascular fitness, lower the risk of dozens of diseases, and even help protect the brain as we age. The key isn’t how long you exercise, but how hard you push yourself.
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.
Democrats’ redistricting push in Virginia dies at Supreme Court
The U.S. Supreme Court rejected Virginia Democrats' longshot bid to revive a new congressional map. It leaves the national party at a redistricting disadvantage.
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
Axios' Future of Health talks ACCESS, AI and regulatory environment
Clear sees health care authentication driving more long term growth than its travel business.
NSF Announces $1.5 Billion X-Labs Initiative to Pursue Generational Breakthrough Science Efforts
The U.S. National Science Foundation announced a $1.5 billion, decade-long NSF X-Labs initiative aimed at funding research teams.
Grand jury indicts 2 petition circulators in 2024 signature-forgery case
A statewide grand jury has indicted two petition circulators on allegations that they forged signatures while gathering support for a proposed constitutional amendment on the 2024 ballot. According to Colorado Attorney General Phil Weiser, the circulators — Cherell Long of Nevada and Martin Arellano of Texas — were working for a Colorado Springs–based canvassing firm […]
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
Thousands of reprocessed EP catheters recalled
Stryker Sustainability Solutions is recalling more than 8,000 reprocessed medical devices. This is a Class II recall, according to the FDA, and these devices should no longer be used to treat patients.
Willkommen, bienvenue, welcome to a Eurovision Song Contest that embraces linguistic diversity
English has long dominated pop music, but it no longer reigns supreme at the Eurovision Song Contest | Talk 1370
Trump says sculpture garden honoring prominent Americans is planned for park along Potomac River
President Donald Trump plans to build an exhibit of statues featuring prominent Americans in a tightly regulated park along the Potomac River, potentially opening a new legal fight over whether his administration is ignoring the approvals process that typically governs Washington's monumental core.
Microsoft Edge to stop loading cleartext passwords in memory on startup
Microsoft is updating the Edge web browser to ensure it no longer loads saved passwords into process memory in clear text at startup.
Health execs persevere in new policy landscape
Despite a prolonged period of policy uncertainty in the U.S.—and the ripple effects across the global life sciences and healthcare industries—executives at health companies are still seeing opportu | Despite a prolonged period of policy uncertainty in the U.S.—and the ripple effects across the global life sciences and healthcare industries—executives at health companies are still seeing opportunities amid the tumult.
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.”
Blood pressure stations make health simple at YMCA of Central Texas
AUSTIN, May 15, 2026 — A former Jump Rope for Heart child is now helping YMCA of Central Texas foster long-term community impact. New YMCA blood pressure stations, installed in collaboration with the American Heart Association, will affect over 50,000...
Scientists discover giant “last titan” dinosaur, Southeast Asia’s largest ever
A massive new dinosaur discovered in Thailand is rewriting Southeast Asia’s prehistoric history. The newly named Nagatitan chaiyaphumensis was a colossal long-necked sauropod that weighed around 27 tonnes and lived more than 100 million years ago. Scientists believe it may be the last giant sauropod ever to roam the region before rising seas transformed the landscape.
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.
Apple Watch: 15 Tips Every Owner Needs to Know
Apple Watch is now eleven generations in, and packed with useful features that are easy to miss at first glance. To help you get more out of your new device, we've rounded up 15 practical tips you might not have discovered yet, including a few that long-time users often overlook. Bounce Between Two Apps On your Apple Watch, double-press the Digital Crown to see a deck of all currently open apps, and turn it to scroll through them.
Long-awaited Xbox Elite Series 3 controller leaks in photos from Brazilian government body
Just hours after a new Xbox Cloud Controller was revealed by the same source.
CT health legislation: Focus on vaccines, Medicaid rates, private equity in 2026
Connecticut lawmakers tackled several long-standing healthcare issues during this year's legislative session. Here's what they passed.
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
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 […]
Opinion | Keir Starmer and the End of Britain’s Old Certainties
The decade since Brexit has been one long, painful process of trying — and failing — to make sense of this new reality.