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Eisenkot offers hawkish alternative to Netanyahu for Israeli PM
By Alexander Cornwell and Maayan Lubell JERUSALEM, Oct 23 (Reuters) - Reserved, media-shy, and a relative newcomer to Israeli politics, former military chief Gadi Eisenkot presents a clear contrast to
Trump Asked Musk to Reverse Limits on Ukraine’s Military Internet Use
The call from the president about the Starshield network came after officials in Ukraine reported that they found new limits on the use of military drones in their war against Russia.
VU–Vanderbilt Health team invents protective glove to better heal injured hands
Hand injuries reduce operational readiness in military populations. The GRASP Hand system could change that.
Commission announces plan for polar hub to step up research coordination
The European Commission plans to develop an EU polar research hub to strengthen coordination and improve the alignment between science and policy. The objective, according to a Commission official, is to “better connect research, observation and scientific infrastructure, improve access to research resources and strengthen coordination with stakeholders, including Indigenous people.”Announced in a new EU Arctic strategy on October 20, there is little detail yet on how the hub will be implemented, only that it will “reinforce and expand” the European Polar Coordination Office (EPCO), which is hosted and managed by the European Polar Board (EPB) at Umeå University in Sweden. EPCO was born from the EU-PolarNet projects funded through Horizon 2020 and currently coordinates the EU Polar Cluster, a network of EU-funded collaborative polar projects.While the practical details remain to be defined, the decision sends “a clear and positive signal,” said Maria Grigoratou, head of EPCO and executive secretary of EPB. “By reinforcing EPCO, the Commission has an opportunity to build on the legacy of EU-PolarNet 2, strengthen European polar research coordination and expand cooperation with a broader range of Arctic stakeholders,” she told Science|Business.The move has been welcomed by the polar research community. “The polar research hub could play an important role in connecting existing research communities, observation systems and infrastructure, and in bringing scientific knowledge closer to policymaking, in cooperation with local communities and Indigenous people,” said Katrine Moland Hansen, director of operations at Norway’s Nansen Environmental and Remote Sensing Center.But money will be an issue. “It is clear that EPCO will need more resources and structure to function well and to make research reach policymakers,” said Kati Lindström, vice-chair of the Polar Research Committee of the Estonian Academy of Sciences. “European polar research is big if we pool the resources, and it should not only be left to enthusiastic scientists to develop networks of strategic importance in their free time.”The Arctic strategy makes a point of saying that local communities should have a greater involvement in Arctic science. “All EU Arctic research consortia are mandated to invite Indigenous people representatives to participate in projects,” it reads. “The EU also supports research that is directly led by Indigenous communities and address their challenges.”It also underlines the importance of reinforcing collaboration with like-minded partners such as Norway, Iceland, Canada, the UK, Japan and South Korea, as well as deepening its engagement with NATO. This includes the US, with which “the EU is committed to continuing a pragmatic transatlantic engagement based on shared interests and values.”Related articlesViewpoint: Does Europe dare to invest in the Arctic?Anchor Greenlanders in Arctic climate research, experts tell EU ahead of policy updateFor Moland Hansen, this open and inclusive approach to cooperation is encouraging. “The Arctic is also a strong example of why equal participation of associated countries in EU funding instruments matters.”Overall, she finds the new Arctic strategy to be ambitious, timely and comprehensive. “We particularly welcome the recognition that climate change, environmental protection, security, resilience and competitiveness are closely interconnected,” she said. “Research, observations and forecasting capabilities are essential to understanding the rapid changes taking place in the Arctic and addressing these challenges together.”Security focusWhile the Arctic strategy foregrounds security, with pledges to protect undersea cables, boost satellite monitoring, deploy more icebreakers and improve military mobility, the polar community is satisfied that environmental concerns have not been forgotten.“It is inevitable that there is a strong security angle to the EU Arctic strategy, but the impact of climate change and need for climate mitigation and resilience is also strongly recognised and includes a pledge to stay the course on climate commitments,” said Sian Prior, lead advisor to the Clean Arctic Alliance, a coalition of campaigning non-profit organisations.“We need to remember that by the time the next Multiannual Financial Framework comes to an end, in 2034, the polar regions, especially the Arctic region, will be living under a new reality when it comes to ecosystem processes, when it comes to the climate,” Grigoratou went on. “And that will affect any ambition that humans may have in the region.”Lindström agreed. “All aspects of European security are dependent on climate change in the Arctic and consequently, on climate science,” she said. “We cannot close our eyes to issues like energy security, critical minerals, northern shipping routes, dual-use technologies and others. However, it remains to be seen how well the promises to protect the environment and Indigenous rights will hold when faced with critical mineral extraction under the Critical Minerals Act.”
How GSN Doctoral Residents are Approaching Care for Military Women’s Health
A Navy nurse and GSN doctoral resident redesigned an Okinawa maternity unit, cutting off-guideline staffing from 18% to below 12%.
Pentagon grants DHS permission to test heat ray weapon for potential use at border
The Pentagon has given the Department of Homeland Security permission to test a military-grade heat ray and develop tactics to potentially use it in operations at the southern US border, according to a memo signed by Defense Secretary Pete Hegseth last month and obtained by CNN.
NATO Boosts Black Sea Military Presence after Deadly Drone Attacks
For Romania and Bulgaria, drone attacks have brought the consequences of the Ukraine war close to their territorial waters.
Mental health support available for San Diego service members and families
The Veterans Village of San Diego is partnering with California to provide active-duty servicemembers and their families with the mental health support they need. NBC 7's Military Reporter Dana Williams has the details.
Tracking Military Health Through the Millennium Cohort Study
Why it matters * Long-term evidence strengthens military health and readiness * Research turns service members' experiences into better care * Findings have informed policy, prevention and screeningNORTHAMPTON, MA / ACCESS Newswire / October 20, 2026 / For more than three decades, has helped federal military leaders turn health questions into evidence that improves care and readiness. The Millennium Cohort Study shows that work in action, helping agencies better understand health challenges and
JMU Military Science program prepares future military leaders
JMU’s Army ROTC program combines rigorous training, hands-on leadership development, and strong alumni support to prepare cadets for success as future military officers.
New Debit Card Coming for Military’s Health Care Flexible Spending Accounts
Military households became eligible for federal tax-advantaged health care FSAs in 2025.
Changing the mental health conversation, one swing at a time
Next18, a Wisconsin-based nonprofit, offers retreats for military veterans and first responders that combine the game of golf with mental wellness education.
Romans may have set fire to Celtic town during conquest to 'humiliate' the enemy, archaeologists find
Archaeologists discovered a first century B.C. military camp that was erected during Emperor Augustus's Cantabrian Wars.
Iran Warns of More Devastating Response to Any US-Israeli Aggression
TEHRAN (Tasnim) – Secretary of Iran’s Supreme National Security Council Mohsen Rezaei warned that Iran’s Armed Forces have prepared a more devastating plan for any new military adventure than their response during the previous 12-day and 40-day US-Israeli wars of aggression.
Final plans for 250-foot triumphal arch omit Trump’s idea for military complex
The plans exclude key features of a military complex including drones and snipers that President Donald Trump used as justification for the controversial project.
Final plans for Trump’s arch appear to abandon his ‘military complex’ idea
Newly posted documents make no mention of drones, snipers or other military features announced by the president. A White House official disputed that plans had changed.
Mission 43 is hosting a Military Business Market to support local veterans
This Saturday, the public is invited out to the Military Business Market at the Idaho Outdoor Fieldhouse to shop local while supporting veterans and active duty service members.
Starlink a 'major card' for Ukraine, sudden speed limits show risk
The recent disruption of Ukraine's military-grade Starlink service has spotlighted the risks, as well as efforts to diversify communications options.
Why America’s Political Divide Is Also an Economic Divide
Plus, the Justice Department sued California to block mail-in ballots from 20,000 people, and Trump nixed the planned livestream of a military execution.
Opinion: It’s Cleveland’s moment for military veterans
A test in Cleveland will help veterans receive safer, faster and better-informed care. writes Frank Larkin of Warrior Call.
Guam spouses turn to entrepreneurship to create their own business opportunities - Entrepreneurship
Many military spouses have transformed hobbies into business to combat the high cost of living and have a fulfilling creative outlet.
Hegseth’s military imposes testosterone testing despite concerns about the science
Former military doctors say the new policy won’t do what the Pentagon wants. Troops worry it will affect their careers.
White House Ordered Limits on Starshield Service for Ukraine
Leaders at the Defense Department received a message that the SpaceX Starshield service for the Ukrainian military needed to be slowed.
Controversy over Musk military system in Ukraine pitches relations with US into deeper crisis
The worst crisis in US-Ukraine relations since last year’s Oval Office meltdown is deteriorating further over a dispute about who ordered a disruption to a critical Ukrainian military system running on Elon Musk’s Starlink internet service.
Controversy over Musk military system in Ukraine pitches relations with US into deeper crisis
The worst crisis in US-Ukraine relations since last year’s Oval Office meltdown is deteriorating further over a dispute about who ordered a disruption to a critical Ukrainian military system running on Elon Musk’s Starlink internet service.
Trump says people who leak military plans ‘should be shot’
Trump attacked those leaking material to the media, calling them the "scum of the earth" during a rally in Bullhead City, Arizona.
Patrick’s Politics: The public execution of morality
Content Warning: The following article contains discussions of execution The United States military is about to carry out its first execution in 60 years, and this time they’re putting in a v…
Public Health professionals find connection through community theater
LANDSTUHL, Germany — Three Public Health Command Europe employees recently participated in “The Stinky Cheese Man”, a Kaiserslautern Military Community...
Exclusive: US considering using ‘mother of all bombs’ against Iran, sources say
The US military has developed new strike plans that include potentially using the so-called “mother of all bombs” to target Iranian energy infrastructure and nuclear sites should President Donald Trump give the order to resume combat operations either before or after the midterm elections, according to multiple US officials familiar with the matter.
Trump says those who leak military plans should be shot
At a rally in Arizona, the president dramatically escalated his attacks on news gathering and those willing to speak to the press.
Ukraine says Starlink access slowed down, affecting missions
Ukraine's military relies heavily on Elon Musk's Starlink for battlefield communications and drone operations.
97% of US soldiers complete brain health assessment
Medical professionals use the data to monitor soldiers' cognitive health throughout their military careers, allowing them to spot significant changes.
How Ohio State’s Fisher College Of Business Working Professional MBA Helps Military Leaders Build Their Next Mission
For professionals considering their next mission, the Working Professional MBA at Ohio State’s Fisher College of Business offers a pathway to turn experience into opportunity.
Corey Foreman says Georgia needs better health care access, affordability and government transparency
Corey Foreman came to Georgia from Maryland while serving in the military and was stationed at Fort Stewart. He is now a small-business owner in facility maintenance, a husband and the Democratic candidate for Georgia Senate District 1.
Critics warn of espionage as Slovakia restores military-diplomatic contact with Russia
Slovakia is restoring military-diplomatic relations with Russia for the first time since 2022. The government has defended the move but critics warn of espionage risks and further damage to trust within NATO.
North Korea fires multiple ballistic missiles
SEOUL, South Korea (AP) — North Korea on Monday fired multiple ballistic missiles toward its eastern waters, South Korea’s military said, adding to a recent streak of weapons demonstrations that has heightened tensions during a prolonged freeze in diplomacy. Jang Do-young, spokesperson of South Korea’s Joint Chiefs of Staff, said missiles of various types were […]
Cyprus closer than ever to joining Schengen but political hurdles remain
The European Commission says Cyprus is ready to join the Schengen Area. Yet questions relating to the island's division and British military bases could still complicate its path to Europe's border-free travel zone.
North Korea fires 'several ballistic missiles' into Sea of Japan
North Korea on Monday fired multiple ballistic missiles off its east coast, Seoul's military said, after weeks of mounting friction over a landmine explosion along their heavily fortified border.
The Watch: U.S. Pharmacy Closures Are Deepening Inequities
Millions of Americans are left without access to prescription medications … Military and outdoor workers face the highest rates of death from heat … and more.
Israel's hottest degrees: medicine leads demand as AI expands, computer science declines
Some 350,900 students are expected at 57 institutions, a 2.1% increase; around 70,000 served in the military reserves last year, while women account for 58.6% of enrollment and 61% finish bachelor's degrees on time, versus 43% across the OECD
Week in Politics: Hegseth's livestream backlash; Greece ambassador Guilfoyle scandal
Bipartisan blowback on Defense Secretary Pete Hegseth's plans to livestream a military execution, plus a scandal involving Kimberly Guilfoyle, the US Ambassador to Greece.
SEVENTEEN's Hoshi drops love song 'Boyfriend' during military service
Hoshi of K-pop boy group SEVENTEEN is dropping a new digital single, "Boyfriend," at 6 p.m. on Saturday, the latest in a string of solo releases si...
Military & Veterans Campus has new way to build teamwork
On a recent Friday at the Easterseals NH Military & Veterans Campus in Franklin, I found myself about 30 feet in the air. I was holding onto a pole and contemplating what suddenly seemed like a rather narrow log stretching out over a great deal of empty space toward another pole, which also seemed remarkably distant.
A new defense tech initiative will serve Baton Rouge startups, small businesses
Baton Rouge has been included in a new federally backed defense technology initiative aimed at helping Louisiana startups and small businesses compete for military and commercial work. The U.S. Small Business Administration this week awarded $1 million to Precision Platform Solutions, the legal entity behind Monroe-based Maven Scouts, to launch the Gulf South Defense Tech […]
Kapta Space raises $24 million to expand military radar business
Kapta Space raises $24 million to expand military radar business Kapta Space raises $24 million to expand military radar business
South Korean sports stars gloated about missing military service. Now comes the backlash
The Korean public is losing sympathy with stars who avoid military service with 'easy' Asian Games wins
Arlington County Sues to Block Trump’s Triumphal Arch
The county is home to Arlington National Cemetery, the military gravesite that is central to the legal battle over the planned arch.
Pentagon draws up new Iran strike plans as Trump hesitates
The U.S. military has drafted options for three days of strikes, but in recent months the president has repeatedly vetoed plans to restart the war.
Military Business Market brings local shopping and community together
More than 70 veteran and military spouse owned businesses from across Idaho are coming together for the Military Business Market on Saturday, October 17, from 1
‘NAZA’ review: An urgent, unsettling work of journalism and filmmaking
"NAZA" is everything a documentary about the civilian casualties of Israel's military operations in Gaza can and should be, writes our reviewer.
No new attack on Iran before the midterm elections, Trump says
The president has acknowledged sometimes using public statements about negotiations and military planning to keep adversaries off guard.
Science Museum Oklahoma helps reunite Revolutionary War remains
Science Museum Oklahoma transferred Revolutionary War gunboat Philadelphia remains for reunion and military burial in New York.
ENTERTAINMENT: Magic Screams at Magic Springs; MacArthur Museum hosts 13th Vintage Vehicle Military Show
Magic Springs Theme and Water Park brings back its annual Magic Screams, billed as Arkansas’ largest Halloween festival.
Growing military cargo volumes raise commercial supply chain risks
Rising volumes of military cargo moving through freight forwarders, road haulers, port operators and shipping lines are creating complex safety, security, regulatory and political risks across…
South Korea considers scaling back athlete military service exemption, sports minister says
Three footballers apologised this week for appearing to celebrate avoiding conscription after winning Asian Games gold.
This Week in Politics: Military Moves
On Wednesday, Sept. 30, United States Secretary of War Pete Hegseth, formerly Secretary of Defense, delivered his second annual “State of the Force Address,” which outlined the administration’s strategic goals and initiatives for the United States military. Addressing hundreds of military officers and service members at Marine Corps Base Quantico in Virginia, Hegseth began by...
I’m Convinced That Pete Hegseth Doesn’t Actually Care About Our Armed Service Members
If the Secretary of Talking About War would take a few hours off from preparing Instagram videos, he’d notice that the military medical system is failing his troops in the Middle East.
Soldiers Wounded by Iranian Drone Strike Accuse Military Health Care System of Failing Them
Six U.S. Army Reserve soldiers died and more than 30 suffered wounds during the March attack,
Can taking dead military satellites out of orbit become a business?
Can taking dead military satellites out of orbit become a business?
Rightlessness after reform? Agrarian conflict and the politics of land in Indonesia
A review of Berenschot et al 2026
WBJ seeks nominations of business executives who served in the military
Worcester Business Journal is seeking nominations of notable executives with military experience for the Focus on Veterans in Business edition. WBJ will highlight professionals who served in the country’s active […]
1,800-year-old temple to Mars and statue of Victory unearthed at Roman military fort in Germany
Archaeologists in Germany have found a temple to Mars, the god of war, next to a Roman Empire military encampment.
10 cool and cozy books for fall - Entertainment
Temperatures are cool, the couch is cozy, and the season’s greatest reads are calling your name. Here are 10 books to curl up with this fall.
Soldiers wounded in Iranian drone strike say military medical system failed them
The attack on the second day of the U.S. war with Iran killed six troops and injured dozens
Inside the Trump administration’s UFO hunt
In 2022, the Pentagon took part in the first congressional hearing in more than a half-century to focus on military reports of unexplained phenomena.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
WATCH: Midwestern State hosts senior night and military appreciation night
WICHITA FALLS – Stang Park hosted a pair of events Saturday evening for No. 3 Midwestern State men’s soccer’s conference matchup with Oklahoma Christian. Airmen from Shephard Air Force Base were welcomed for a pizza dinner and as guests of honor for military appreciation night, while senior players and athletic trainers were honored on senior […]
Israeli strike kills five in Gaza, including four women, health officials say
By Nidal al-Mughrabi and Dawoud Abu AlkasCAIRO/GAZA, Oct 3 (Reuters) - An Israeli airstrike killed at least five Palestinians, including four women, in an apartment building in Gaza City early on Saturday, health and civil defence service officials said.Among the dead were a Christian mother, Maisa Abu Dawoud, and her daughter Mary, medics and the church said.There was no immediate comment from the Israeli military.The strike destroyed the apartment building and started a fire.
Strategic sovereignty, social movements, and political agency: Evidence from the US-Israeli military campaign in Iran
Military intervention may be undertaken to weaken a hostile regime and strengthen the position of its opponents. This column argues that evidence from the 2026 US-Israeli strikes on Iran points to a different outcome: the strikes left total protest levels broadly unchanged but sharply reoriented mobilisation away from anti-government protest and toward pro-government activity. The findings suggest that overt foreign intervention can make sovereignty politically valuable to incumbent governments by making domestic opposition easier to portray as aligned with an external adversary.
JB MDL Leaders Briefs Businesses on Mission, Local Economic Impact
Joint Base McGuire-Dix-Lakehurst leaders provided local business and government leaders with an overview of the sprawling military installation’s role in
Fort Bragg opens Children’s Waiting Room to help Families prioritize health
For military parents, making a medical appointment can sometimes require solving another problem first: finding someone to care for their...
'A kind of Rosetta Stone': AI decodes 217-year-old secret letter ordered by Napoleon
GPT-6 Astra has been used to solve a centuries-old cipher used to convey strategic military information between Napoleon's troops.
Royal College of Nursing cuts ties with Israeli drug company
Britain’s nursing union axes Teva UK as commercial partner over links to Israel’s military and corporate track record
Military Leaders Will Examine Ways to Limit Civilian Deaths in War
U.S. Central Command will hold a daylong conference at its Tampa headquarters after seven months of war in Iran.
Massachusetts man charged with cyberstalking conservative podcaster Katie Miller
The Justice Department charged a military veteran Thursday for allegedly making dozens of disturbing texts and calls to Katie Miller, a conservative podcaster married to White House senior adviser Stephen Miller, and her family.
Trump says he’s ‘looking at’ opening US military base in Venezuela
President Donald Trump is open to the prospect of a U.S. military base in Venezuela or somewhere else in South America. “We’re looking at doing a lot of things,” Trump told reporters on Thursday. “We’re getting along very well, as you know, and Venezuela has been a great situation. The people are happy, and I’m […]
Israeli Politicians Trade Barbs Over FlyDubai Attack
Prime Minister Benjamin Netanyahu’s campaign for a coming election was already dominated by discussion of the policy, military and intelligence failures leading up to the Hamas-led attacks on Oct. 7, 2023.
Rep. Young Kim for Real Clear Politics: California Turns Down Bipartisan Funding for VA
Originally Published in Real Clear Politics on October 1, 2026 Orange County is home to more than 100,000 U.S. veterans. Yet, despite our proud military heritage, it remains the largest county in California without a dedicated veterans cemetery. While neighboring cemeteries in Riverside and San Diego may seem nearby on a map, they actually aren’t.
New “plant armor” more than triples strawberry yields
A new protective fabric boosted strawberry yields by as much as 3.56 times while blocking insects and still allowing sunlight, rain, and airflow to reach the plants. Originally inspired by research on military clothing, Plant Armor could also help farms reduce pesticide and water use.
Sandhills Community College Small Business Center expands to Moore and Hoke Counties
Small Business Center Director, Laura Kinsman. Photo provided by: SCCSandhills Community College (SCC) is launching a redesigned Small Business Center model that expands no-cost entrepreneurial support across Moore and Hoke Counties. Rooted in the College’s commitment to strengthening small businesses and entrepreneurship as drivers of economic growth, the enhanced model is led by recently appointed Small Business Center Director, Laura Kinsman. The model also includes two new Senior Business Advisors who will provide trusted expertise, stronger community connections, and individualized guidance to entrepreneurs and business owners throughout the region.Kinsman brings a unique perspective to the director’s role as both a local business owner, operating in downtown Southern Pines, and a former Moore County educator. “Her combination of education, business ownership, leadership, and community involvement make her a great fit for the Small Business Center and the work we are continuing to build across Moore and Hoke counties,” said Taylor L. McCaskill, senior director of Workforce Development & Corporate Partnerships in a press release.Kinsman is an active member of the Southern Pines Business Association and has been connected to the Sandhills Small Business Center since the beginning of her entrepreneurial journey. She looks forward to building on that experience by strengthening the Center’s partnerships and expanding its connections throughout the community.She will lead the Center's efforts to support entrepreneurs and business owners throughout Moore and Hoke County and be the connector to the North Carolina Community College System Small Business Center Network operations. The Center offers no-cost, confidential one-on-one counseling, practical workshops, and connections to the resources and partners that help local businesses start, grow, and create jobs.A key part of this new approach, only offered at SCC, is a network of Senior Business Advisors, experienced professionals who will provide individualized guidance in areas such as business planning, finance, marketing, operations, growth strategy, and problem-solving. These advisors will serve as trusted partners to entrepreneurs and business owners, helping them turn ideas into action, overcome barriers, strengthen existing businesses, and pursue new opportunities. This one-on-one counseling is available at no cost, ensuring that high-quality business support is accessible to entrepreneurs at every stage.Senior Business Advisor for Hoke County, Kenna Parks. Photo provided by: SCCKenna Parks has been named the senior business advisor for Hoke County. She is a business professional, entrepreneur, and educator who brings a unique combination of academic training and real-world business experience. She earned her Master of Business Administration (MBA) in 2017 and has built her career around entrepreneurship, marketing, business development, and helping others turn ideas into sustainable opportunities.Senior Business Advisor for Moore County, Katrin Henderson. Photo provided by: SCCAs a military spouse, she has successfully launched and operated businesses across five states, giving her firsthand experience in adapting to diverse markets, building new customer bases and understanding the importance of global reach in today’s business environment. Over the last decade, her areas of focus include business planning, marketing strategy, branding, customer development, financial preparedness, operational planning and connecting entrepreneurs with educational programs and community resources.Parks brings an especially valuable perspective to business advising because she is an entrepreneur herself. She is the owner of Glamo Society Bridal & Formal Wear in Raeford, N.C., giving her firsthand experience with the realities of launching, operating, marketing and growing a small business. She understands that entrepreneurship extends far beyond developing a great idea; it requires strategy, financial awareness, adaptability, strong customer relationships, and consistent execution.Katrin Henderson will serve as the senior business advisor for Moore County. Thriving in hospitality and retail, Henderson has enjoyed positions in Food & Beverage Management and Retail Management in various fine dining and retail establishments in the area, before opening her own children's shop in 2015, in the Village of Pinehurst. She is a native of Moore County.Quickly immersing herself in this new world of small business ownership, Henderson joined various boards and committees, including President Elect of Pinehurst Business Partners and Event Chair for the Holly Arts & Crafts Festival. She also partnered with local organizations such as Moore County Economic Development and Moore County Chamber of Commerce and Sandhills Community College Small Business Center in events and educational opportunities. In 2026, Henderson sold her shop and now offers full-time support to both new and seasoned entrepreneurs through freelance consulting mentorship and the SCC Small Business Center program.The Small Business Center team is passionate about making business resources more accessible, and ensuring entrepreneurs know they do not have to navigate business ownership alone. Through their work with SCC, they are committed to building meaningful relationships with local businesses, community organizations, and industry partners while helping entrepreneurs move from idea to strategy, strategy to action, and action to sustainable growth.“Sandhills Community College believes deeply in the power of small business and entrepreneurship because strong local businesses create jobs, spark innovation, generate investment, and strengthen the communities we serve,” said McCaskill in press release. “Through this new Small Business Center model, Sandhills is building a stronger ecosystem where entrepreneurs can connect, grow, and thrive, while helping drive long-term economic vitality throughout our region.”To learn more about the Center's services or to schedule a consultation, please contact Kinsman directly at kinsmanl@sandhills.edu or 910-695-3938.
Leave your politics behind: Greenland is a historic US victory
The United States, Denmark, and Greenland signed a permanent agreement granting the U.S. broad military access to Greenland to bolster North Atlantic security and counter influence from Russia and …
Guantanamo Dispatch: Military Ends USS Cole Hearing Early for Health Emergency
Pretrial hearings in the USS Cole bombing case ended abruptly on Wednesday after the defense lawyer had a health emergency.
Las Vegas veteran group uses monthly hikes to address mental health
A small group of military veterans in the Las Vegas Valley has been gathering for monthly hikes aimed at supporting mental health.
Las Vegas veteran group uses monthly hikes to address mental health
A small group of military veterans in the Las Vegas Valley has been gathering for monthly hikes aimed at supporting mental health.
Las Vegas veteran group uses monthly hikes to address mental health
A small group of military veterans in the Las Vegas Valley has been gathering for monthly hikes aimed at supporting mental health.
Naval Station Norfolk leader charts course for problem solving
Naval Station Norfolk commanding officer Capt. Ray Glenn discusses a $450 million sailor housing project and critical infrastructure funding shortfalls.
Air Force Major Recommended for General Court-Martial After Protesting Trump
The recommendations are not binding, but it is rare for them to be ignored in the military justice system.
Hegseth directs military service academies to immediately stop giving tenure to civilian professors
Military academies won\'t give tenure to civilian faculty, Hegseth says
The Defense Department has decided to stop appointing civilians as tenured faculty at U.S. military academies. Secretary Pete Hegseth signed a memo Tuesday outlining the change, saying he wanted to
Officials cast doubt on Trump’s plan for drones, snipers at proposed arch
The arch is still envisioned to be a tourist site, despite the president’s announcement that it would be a “military complex,” administration officials told advocacy groups.
Ukrainian Science Academy, Struck by Drone, Played Key Role in Research
Over 90 percent of Ukraine’s scientific discoveries have been attributed to Ukraine’s National Academy of Sciences, including advancements in astronomy and military technology.
More than 1 million Florida mail ballots were sent out. Votes are trickling in
Supervisors of elections reported that more than 2,200 ballots have already been returned, mostly from voters in the military and overseas.
Hegseth says NSA, military cyber forces will guard election systems in midterms
But the defense secretary's announcement comes after Trump gutted the civilian agency specifically created to safeguard election infrastructure
Hegseth says NSA, military cyber forces will guard election systems in midterms
But the defense secretary's announcement comes after Trump gutted the civilian agency specifically created to safeguard election infrastructure
Hegseth says NSA, military cyber forces will guard election systems in midterms
But the defense secretary's announcement comes after Trump gutted the civilian agency specifically created to safeguard election infrastructure
Victoria Coates discusses US foreign policy on Iran, Taiwan
Heritage Foundation VP of National Security Victoria Coates and panelist Mike Lee discuss the latest U.S. foreign policy updates, focusing on indirect peace talks with Iran, military funding for Taiwan and ongoing economic pressure on Cuba.
The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
Trump drops plan to detain immigrants at New Jersey military baseNJ Spotlight News
Investigative arm of Congress finds millions of dollars wasted on abandoned effort to turn other properties into holding areas
Hegseth directs military to defend US midterm elections from foreign interference
Defense Secretary Pete Hegseth has signed a memo directing the military to defend the US midterm elections from foreign interference, the Pentagon said Monday.
Deadline Wednesday: Free business training for Central Oregon veterans, families
BEND, Ore. (KTVZ) -- Applications are open through Wednesday, Sept. 30, for Startup Training Resources to Inspire Veteran Entrepreneurship (STRIVE), a free eight-week business training program for military veterans and their family members. The in-person program is designed to assist military-connected entrepreneurs in developing skills to create and sustain small businesses. Offered in collaboration with