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Small donors helping to fuel New York's grassroots campaigns
As candidates finish the final leg of their campaigns heading into Election Day, there’s a surge of big donors pouring millions into both state and national races.
Small donors helping to fuel New York's grassroots campaigns
As candidates finish the final leg of their campaigns heading into Election Day, there’s a surge of big donors pouring millions into both state and national races.
Experience Rockabilly’s roots at Seminole Casino festival
Seminole Casino Hotel Immokalee will run on hot rods, propulsive horn sections, tattoo ink and good old rock ’n’ roll this Nov. 14 as Rockabillaque Florida returns for its sixth
Chamber, RCEDA bring back business classes
by John Dowd The Bitterroot Valley Chamber of Commerce and the Ravalli County Economic Development Authority (RCEDA) are teaming up to bring business training classes back to the Bitterroot Valley. […]
eMudhra to Exit Global SSL/TLS Business After 8 Intermediate CA Keys Found Easily Guessable
eMudhra plans to exit global SSL/TLS certificates after eight weak CA keys were recovered, as Chrome and Firefox withdraw trust in its ECC root.
FINAL FANTASY RESONANCE is a Delightful Return to the Series' Classic Roots
FINAL FANTASY RESONANCE is an HD-2D love letter to the classic series, available now on XBOX. Read our hands-on impressions:
New business gets ‘knotty’ in downtown Selma
Local pretzel business Knotty Chix has planted its roots in downtown Selma, located just across from Lincoln Park at 1920 High street.
Introspection required if EU Inc fails, says start-up lobbyist
European start-ups have a new voice in Brussels. Startups for Europe, created from the merger of lobby groups Allied for Startups and the European Startup Network, is hoping to harness the momentum behind EU-Inc, a campaign that united start-ups and investors behind demands for a new pan-European company regime.At a launch event for the new association in Brussels on October 1, the mood was remarkably upbeat compared to a typical Eurobubble gathering, more Silicon Valley than Schuman roundabout.When asked whether this reflects a feeling that Europe is on the right track, chief executive Serena Borbotti-Frison said it’s a “scary” moment as the continent looks to boost its competitiveness amid a new technological arms race.“What is at stake is quite intense, and the way we can answer is by delivering, but also with hope,” she told Science|Business. “It’s what our industry does. It’s not about identifying a pain point and then saying it’s too hard.”For many in the start-up community, that sense of hope is dwindling. In March, the European Commission presented its proposal for EU Inc, naming its initiative after the grassroots campaign.EU Inc was meant to be a gamechanger: the ability to incorporate within 48 hours for less than €100 and scale up across Europe; a harmonised stock option regime enabling start-ups to compete for talent; and simplified insolvency procedures for innovative start-ups to reduce the cost of failure.However, haggling by EU governments has raised concerns that EU Inc will be stripped of the very features, including stock option harmonisation, that are meant to make it attractive for companies.“I fear we are proving to ourselves that the model doesn’t work,” Borbotti-Frison said of the policymaking process. “Everyone agrees we should have EU Inc. Everyone agrees it’s hard to scale and we need to scale to answer the competitiveness [challenge], and still we cannot deliver? [. . .] What does that say about ourselves?”The Commission has made EU Inc a cornerstone of its single market reform, and has agreed with the European Parliament and the Council of the EU to target an agreement by the end of 2026. However, several points are currently holding up an agreement, including national rules around employee participation in management decisions, and the provision that employee stock options always be taxed at the point of sale. Some EU governments have reportedly pushed back on the Commission’s choice of legal basis, contending that anything related to taxation requires unanimity in the Council.Trade unions have also protested against EU Inc, fearing it will be exploited by companies looking to undermine workers’ rights.“If this doesn’t work, it’s introspection time, on the way our institutions work, maybe the way our lobbies work, and maybe the way the cooperation between them works,” Borbotti-Frison said.“Is it in the national interest? Is it a gap between political will and technical ability to operate? Is it speed? I don't know, but something needs to be fixed.”Ahead of last week’s European Council meeting, EU-Inc campaigners tried a new strategy: appealing directly to EU presidents and prime ministers. In an open letter, they urged EU leaders to “step in and give your negotiating teams a clear mandate to change course and reverse their objections to the Commission’s original proposal.”Lessons from EU-IncLike its predecessors, Startups for Europe will represent national start-up associations, but it is also targeting investors. The founding sponsors are venture capital firm Atomico and EQT, the investor selected earlier this year to manage the €5 billion Scaleup Europe Fund.It also wants to harness the knowledge and cross-border experience of European success stories. “Take the list of the 100 biggest unicorns in Europe. We are speaking to all of them,” Borbotti-Frison said. The association plans to publish a full list of supporters following the Slush tech conference in Helsinki in November.Andreas Klinger and Simon Schaefer, two key figures in the EU-Inc campaign, are both on the board of the new association, and Startups for Europe wants to take the lessons from their campaign.What was unprecedented about EU-Inc was “how rooted it was, and how strong it was in bringing everyone on board behind one clear pain point and solution to fix it,” Borbotti-Frison said. “This is an inspiration for us, and then we need to turn it into something more systematic, more bridged in Brussels, more connected to the policymaking game, and to scale it.”If it’s possible to unite such a broad coalition, it’s because the European start-up ecosystem is now mature, she said. “Maybe it was not ten years ago. Maybe it was not five years ago. But now, it’s mature to speak with one voice.”Open and liberal EuropeThe association plans to campaign on files related to three “pain points,” Borbotti-Frison said: “start and scale in Europe, fundraise and invest in Europe, and making Europe the most innovative continent.”As well as EU Inc, she cited public procurement, the EU’s simplification push, the Savings and Investments Union, and files related to AI adoption and technological sovereignty as priorities for the coming months.What these files have in common is that they relate not to subsidies but to the framework conditions influencing the availability of mostly private, or in the case of procurement, public, funding.Related articlesEmployee participation disagreement delays MEPs’ vote on EU IncCommission urges EU governments not to water down EU IncEU’s ‘ultra-fast’ €5B scale-up fund is set up to win, says its fund managerThe budget dispute over the next Horizon Europe programme will also impact start-ups, which are supported notably through the European Innovation Council. But EU innovation funding is a drop in the ocean compared to venture capital and public procurement budgets.“If competitiveness and innovation are a priority, then the [EU budget] should reflect it,” Borbotti-Frison said. However, she added that the main question is not how much public money is invested, but “how do we create the right conditions for the market to solve the problem?”The Scaleup Europe Fund mixes both approaches, using €1 billion in EU funding to crowd in private investors and address Europe’s lack of large-scale, late-stage growth funds. “It’s a proof of concept. Ideally, then the market will do it itself,” Borbotti-Frison said.Startups for Europe is also focused on bringing an alternative political narrative. Amid competing visions for open, global markets on the one side and a protectionist Europe on the other, it wants to offer “a third voice, to say we can be proudly European and build a strong continent in a liberal economy, open to the world, and global.”It can be tempting, when thinking about how Europe can better support innovation, to look across the Atlantic. But while it’s important to compare statistics to see where Europe needs to catch up, that’s where the comparison should stop, Borbotti-Frison said. “On everything else, we need to do it our own way. We don't have the same history. We don't have the same political model. We don't have the same way of life.”Many of the key files that could benefit the start-up community, including EU Inc and the Savings and Investments Union, rely on closer integration within Europe, making it easier to operate across borders.While the Commission has made deepening the single market a political priority, support at national level is more precarious. The coming months will see pivotal elections in Spain and France, while the German government has also been coming under pressure domestically. In each country, far-right parties have been gaining ground.When asked if she was concerned the political situation could jeopardise this progress, Borbotti-Frison responded: “Of course. I would be lying if I said I wasn’t.” However, she continues to believe that cooperation is the only way forward. “Doing it alone is not the solution. It’s also not who we are, it’s not the model we are building, and it’s not the scale we need.”
The Chicks return to Texas and political roots on 20-show tour
With stops in San Antonio and Austin, the trio spoke out on Lone Star politics and the importance of voting.
Casper mobile auto repair business puts down roots on Beverly
CASPER, Wyo. –– About a year ago, James Sullivan was employed by an oilfield contractor doing work he enjoyed. There was one problem, however: there
Who you got in the World Series, Brewers or Rays?
The World Series kicks off in two days. And some number of days after that, we will have debutant champion in Major League Baseball. Yes, for the first time since 1980, the World Series is being contested by two teams that have never won it before. So who are you rooting for? This is an […]
10X Health Launches Metabolism Genetic Test
A saliva-based test provides genetic insights to help inform personalized nutrition and weight-management plansSCOTTSDALE, Ariz., Oct. 21, 2026 (GLOBE NEWSWIRE) -- 10X Health, a leader in personalized health optimization and performance-driven wellness solutions, today announced the launch of its Metabolism Genetic Test. For individuals looking to optimize their wellness routines, 10X Health’s Metabolism Genetic Test gets at the root of why and how your body responds to food, exercise and appeti
SpaceX's AI business is beating expectations
SpaceX's data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as
Political science, history student connects hometown roots to DC policy work
Dawson Glogau gained hands-on experience in policy research and advocacy during a summer internship in Washington, D.C., through the Liberal Arts Semester in Washington Program.
Political science, history student connects hometown roots to DC policy work
Dawson Glogau gained hands-on experience in policy research and advocacy during a summer internship in Washington, D.C., through the Liberal Arts Semester in Washington Program.
NC State’s Agroecology Education Farm: Where Agriculture, Ecology and People Connect
Walking through rows of leafy greens, ripe, red tomatoes or rich-smelling rosemary at the Agroecology Education Farm, it’s easy to feel more connected to where your food comes from. And with a mission rooted in community outreach, that's the point.
Who are you rooting for in the World Series?
Four days after the Milwaukee Brewers finished off their sweep of the Dodgers in the National League Championship Series, the Tampa Bay Rays on Monday night won their American League Championship Series by dispatching the Cleveland Guardians in Game 6 at Tropicana Field. The Brewers last played in the Fall Classic in 1982, when they […]
Review: Final Fantasy Resonance (PS5) - Square's Series Returns to Its Roots to Fantastic Effect
Crystal clear
Shipping dates for the iPhone Duo have been pulled forward for many users
Shipping estimates for the Duo are showing as January 22, but some people who pre-ordered have seen the initial date be pulled forward by weeks or even months.
Griffin William Sherry to bring folk, country, rock to The Grand
Join Maine-born singer-songwriter Griffin William Sherry and friends for an evening of powerful songwriting and live music at The Grand on Nov. 6 at 7 p.m. Experience Sherry's unique blend of folk, country, and rock and roll, rooted in his rural Maine upbringing. Get your tickets now for this unforgettable musical event.
Richie Owens' releases new book Appalachia: Ballads, Bloodlines & the Long Journey Home Vol 2
NASHVILLE — Richie Owens, Nashville-based musician, producer, and multi-instrumentalist known for his work fusing his East Tennessee country roots with punk and alternative rock, has released Appalachia: Ballads, Bloodlines &
The Business Behind Matcha
Matcha is a ground green tea powder with roots in ancient Japanese culture, dating back centuries. Only recently has the drink reached a wider global audience, appearing on cafe menus worldwide. Its growing popularity raises a question: How does a product that has been around for so long suddenly become a global trend? During the […]
From Shelby roots to mental health leadership: Megan Davidson to become NAMI-RC executive director
A desire to serve others has guided Megan Davidson from her childhood in Shelby to her next role leading the National Alliance on Mental Illness of Richland County (NAMI-RC).
13 Organizations Building Health and Community in Philadelphia
These Philadelphia organizations are improving food and nutrition security and advancing health-forward solutions rooted in community.
Marshmallow Root’s Chemistry Revealed: The Science Behind an Ancient Cough Remedy
A new review in Pharmacia compiles the chemical compounds and pharmacological effects of Althaea officinalis, the marshmallow plant long used for coughs, wounds, and inflammation.
Qualcomm denies rumors about Snapdragon 8 Elite Extreme Gen 6 overheating
Don't panic just yet. Yesterday, a Korean news outlet shared some concerning news about the upcoming Samsung Galaxy S27 Ultra. According to the report,...
Who are Giants fans rooting for in ALCS Game 5?
The ALCS continues this weekend with Game 5 between the Rays and Guardians. Who are Giants fans rooting for?
Cleveland Browns Path To The Playoffs
Welcome to my weekly Cleveland Browns rooting guide looking at the best outcomes for the Cleveland Browns. With many of the top quarterbacks in the league not being selected in the first three picks, the Browns winning games isn't a bad thing, it shows the roster is loaded and able to continue improving with another offseason.What we will cover weekly in this article:- Current AFC Playoff Games-...
Dreaming Big, Building Better: Hugg & Hall Reaches A Major Milestone
Hugg & Hall Equipment Co. celebrates 70 years in business, highlighting its Arkansas roots, family leadership, growth and innovation in construction equipment.
Leela Gray stresses blue-collar roots in 'closing argument' of CD 13 campaign
'You can't fix something when you're not listening.'
Here's when Apple will show off its touchscreen MacBooks and the OLED iPad mini
It looks like it's not going to be a traditional keynote. Last week, Bloomberg's Mark Gurman reported that Apple is planning a second October launch...
Meet Omar & Roxanne of Into The Blue Rooting
Getting your Trinity Audio player ready... 🏠 On this episode of the Cutler Bay Business Association spotlight, meet Omar and Roxanne of Into The Blue Roofing for a conversation about entrepreneurship, the roofing industry, and building a business that serves the South Florida community. Omar and Roxanne share their experiences in business, the work behind […]
Scientists Uncover D. Rex: Gigantic New 'King' Fungus From China Traces Its Roots to 65 Million Years
Tall as a traffic cone.
Taproot Theatre’s ‘Smoke on the Mountain’ returns to the stage
Taproot Theatre first produced “Smoke on the Mountain” in 1992, and it’s been a frequent inclusion in its seasons over the years.
Scientists Uncover D. Rex: Gigantic New 'King' Fungus From China Traces Its Roots to 65 Million Years
Tall as a traffic cone.
Nina Dietz to Discuss the Public Health Impacts of Wildfires at the Milken Institute
Image The Department of Global Health at George Washington University’s Milken Institute School of Public Health will host Pulitzer Center grantee and freelance journalist Nina Dietz at a Research and Practice Seminar. On Thursday, November 12, 2026, from 2:00pm-3:00pm EST, Dietz will present on her Pulitzer Center-supported project The Toxic Side of Climate Change. The project investigates the hazards left behind by urban wildfires in Los Angeles and examines the long-term risks these toxins pose to affected communities. The project also explores what remains in the ash and debris after a fire, and how those materials impact public health. Dietz is a writer, documentarian, and journalist reporting from a background rooted in both science and the humanities. Her work has appeared in New Lines Magazine, Inside Climate News, Science Friday, and at Photoville, among others.
Fall River mill building purchased by local family-owned business
A historic Fall River mill is now under new ownership, and the buyers aren’t a major developer. Instead, it’s a family-owned business with roots in the city.
PACSUN SPOTLIGHTS YOUTH MENTAL HEALTH AS OFFICIAL SPONSOR OF SELENA GOMEZ'S FOURTH ANNUAL RARE IMPACT FUND BENEFIT
/PRNewswire/ -- Pacsun, the purpose-driven specialty fashion retailer rooted in youth culture, celebrated its continued partnership with Selena Gomez's Rare...
Healf rides youth health kick to top UK’s fastest-growing companies list
The wellbeing start-up, which has its roots in Manchester, is scaling quickly
Ashwagandha's real problem: Consistency, not science
Ashwagandha faces regulatory scrutiny, but science backs its safety. The real issue is inconsistent testing and standards — not root vs. leaf.
'They cannot compete with the prices that fish factories will pay': How demand for fish meal takes priority over feeding people
In this excerpt from "Every Last Fish," author Rose George examines the deep-rooted problems of the regulations surrounding fish meal — a product that's supposed to come from the discarded scraps of dead fish, but in reality removes huge quantities of food from people in West Africa who need it.
BUSINESS UPDATE: Attracting World-Renowned Piercing Educators to Oswego
Growing number of renowed piercers are coming to Oswego to share knowledge at newly opened Aqua Spa Float Center piercing suite Submited by Aqua Spa Float Center & Wellness Boutique [caption id=attachment_11066 align=alignright width=450] Recent opening of Aqua Spa Float Center piercing suite.[/caption] Professional piercers and educators from countries including France, Scotland and India have come to Oswego’s Aqua Spa Float Center & Wellness Boutique to share their knowledge In the past year and a half, the Port City has become a destination for some of the industry’s most respected educators through the efforts of the Aqua Spa Float Center & Wellness Boutique. Beginning in January of 2025, Aqua Spa Float Center envisioned a new version of body piercing, one where elegance, safety and personal expression could converge. According to the Aqua Spa, piercing is no longer just a trend — it’s a refined form of personal identity, luxury styling and self-investment. It’s not only about the jewelry — it’s about the entire experience. The team welcomed first guest piercer Ruben Triguero, a senior French piercer, piercing stylist and international educator, who has over two decades of experience and has worked in some of the world’s best studios, including Paris, Rome, New York, Miami, Los Angeles and Dubai. In those studios, he offered his expertise and refined styling skills. Triguero is a prominent figure and leader in the piercing community and shares his knowledge with piercers teaching classes for the industry’s most prestigious organizations, including Latinoamérica Body Piercing Association (LBP) and Association of Professional Piercers (APP). He is currently the senior international instructor of the APP. Triguero has a passion for creating stunning, personalized piercings for clients around the world. Education and Mentorship Following a year of success and popularity, Aqua Spa Float Center hosted the grand opening of its private dedicated piercing suite in March. Aqua Spa Float Center & Wellness celebrated this next chapter with a grand opening and ribbon-cutting ceremony attended by the Oswego Mayor Robert Corradino, members of the Greater Oswego-Fulton Chamber of Commerce, local business owners and community members. The educational focus, aligned with Aqua Spa Float Center’s vision and mission, had already begun expanding beyond clients. Aqua Spa has hosted multiple workshops and continuing education opportunities for professional piercers, inviting studios from across the region to gain hands-on experience from internationally recognized instructors without the expense of traveling to national or international conferences. These educational events have welcomed nationally and internationally recognized professional piercers and educators from countries including France, Scotland, India, and throughout the United States. Aqua Spa also continues to collaborate with talented regional and local professionals, creating opportunities for education and mentorship that benefit both industry peers and clients throughout Central New York. Aqua Spa Float Center & Wellness Boutique owners — Tammy Wilkinson and Terry LeRoi — have been deeply rooted in the piercing industry with over 30 years in business as LeRoi Fine Body Jewellery. Combining that experience with holistic wellness, self-care and self-expression is the new concept with the client Luxe Piercing Experience at the Aqua Spa Float Center. “At LeRoi Fine Body Jewellery and Aqua Spa Float Center, we’ve been fortunate to work with many of the world’s most respected piercers through our involvement with the Association of Professional Piercers and by attending conferences across North America and Europe,” said LeRoi, founder of LeRoi Fine Body Jewellery and co-owner of Aqua Spa Float Center & Wellness Boutique. “Those experiences have shown us that education is what drives our industry forward. “Not every piercer or studio can travel to major conferences like the APP Conference in Las Vegas or APP Benelux in the Netherlands, so we’re committed to bringing that level of education here. Hosting internationally respected educators like Jef Saunders allows our clients to experience the highest standards of professional piercing while giving piercers throughout the Northeast the opportunity to learn from some of the very best in the profession. That’s something we’re incredibly proud to offer our community.” When asked about the client experience, Wilkinson explained that education is at the heart of every appointment as well. “Our vision is to nurture and enhance wellness, balance and harmony through a multi-modality-centered facility, and we aspire to empower sustained, positive change, well-being and self-awareness; and educate to the benefits of natural health, holistic wellness and life balance,” Wilkison explains. “Piercing is no different. The piercing experience feels just as peaceful and rejuvenating as any other spa services. From the moment our clients arrive, they are in the very best hands with our kind and professional Wellness Ambassadors and experienced APP guest piercers.” Wilkinson also explained that piercing clients receive stellar care: every Luxe Piercing appointment includes a one-on-one private piercing in Aqua Spa’s dedicated piercing suite, their choice of custom jewellery by LeRoi Fine Body Jewellery, thorough after-care instructions and complementary check-up appointment, complementary whole-body red light therapy session in the Class II NovoTHOR medical device to promote healing, and access to many rejuvenating spa services. Piercing clients get 15% off during any event. According to Wilkinson, “Health and safety are always our highest priority when you come in for a piercing or jewelry installation. Before each appointment, all tools and jewelry are sterilized in a Statim autoclave, and every surface in the piercing room is carefully disinfected. During the procedure, your piercer will wear a mask and change gloves as needed to maintain a sterile environment. Once your piercing is complete, your piercer will go over detailed aftercare instructions with you. Following these steps is crucial to ensure proper healing before you leave our sanctuary.” As a part of the experience, guest piercers include a thorough anatomy review of the client’s desired piercing to ensure the new addition will work in harmony with the existing. “Our clients are enjoying building and creating ear curations with these international professionals. It’s a unique styling event and a chance to highlight self-expression,” Wilkinson said. Clients and piercers throughout the region are flocking to this piercing destination in Upstate New York. The Luxe Piercing Experience has welcomed clients and piercers alike from around the globe. Owners Wilkinson and LeRoi hope to continue the momentum with more educational seminars with industry experts to be a hub of knowledge and expertise. They hope to establish LeRoi Fine Body Jewellery and Aqua Spa Float Center as legacy businesses known for their lasting, positive impact on the piercing and holistic wellness industries.
Donald Menzel: Lying, stealing and cheating in American politics (guest opinion)
Lying, stealing and cheating — LSC — form a grim trio in American politics, with deep historical roots. The Founders spent long hours in Philadelphia debating how to design a government that would restrain ambitious leaders from lying, ste…
Stamford Bridge hosting Shakhtar’s Champions League matches, starting tonight
Potential rooting interest
Apple's Get Ready service is now available for iPhone Duo pre-orders
You can have everything set up ahead of time so that you only need to click one button when pre-orders go live. Apple unveiled the iPhone Duo, its first...
Apple's HomePod mini 2 is here with Siri AI, new colors and improved sound
The smart speaker is priced at $149. Alongside the new Apple HomeView, upgraded Apple TV 4K, and Apple Home Collection, the company also unveiled the...
Apple Home Collection launches with LG and Schneider cameras, thermostats, and sensors
None of them need a separate app or account. Apple had a busy day today. The company introduced its HomeView smart display, the next-generation Apple TV...
Photo: Ridgeville Fall Festival
Visitors to the Ridgeville Fall Festival line up at the Old Fashioned Root Beer stand on Saturday evening. The fourth annual iteration of the festival featured a pancake breakfast, activities
Don Francisco returns to TV roots with 'Sábado Gigante' show revival
Don Francisco is taking it back to where it all started.
Republican Aaron Flint touts Montana roots in western congressional district race
Aaron Flint says he and his family have deep connections to western Montana – connections he says you can still see on a short street on Whitefish’s west side, called Flint Avenue.
Aida Keehner, President & CEO, Atruent : I95 Business
Atruent CEO Aida Keehner has built a thriving IT services company rooted in passion, accountability, respect and trust, with strong client relationships at it
KVC Kansas works to protect foster youth mental health
When children enter the foster care system, their lives are uprooted and changed, which can lead to a mental health crisis or suicide.
KVC Kansas works to protect foster youth mental health
When children enter the foster care system, their lives are uprooted and changed, which can lead to a mental health crisis or suicide.
Real Madrid veteran starts new business venture that links him with his grassroots
Real Madrid’s win over Villarreal was not as tidy as Jose Mourinho would have hoped, but the team did manage to take all three points without conceding a single goal.For a team that had kept only on...
TF1 Brings Hit Formats 'Taskmaster,' 'Holey Moley' to France
TF1 brings hit formats 'Taskmaster,' 'Holey Moley' to France as part of a big push into premium unscripted entertainment.
Dr. Oz, Trump Medicaid director, in Nebraska to root for state rural health program, Big Red
Nebraska officials were joined Saturday by a top Trump administration official, Dr. Mehmet Oz, to announce updates in Medicaid and public rural health programs.
New insider tip claims the Samsung Galaxy S27 Ultra will only be available with a Qualcomm chipset
The S27, S27+ and S27 Pro are still slated to have Exynos variants in some regions and Snapdragon ones in others. This always seems to be a pressing...
The original Apple TV 4K from 2017 is now officially "vintage"
Apple changed its status in preparation for its upcoming smart home product event. The smart streaming box/stick market is a bit weird for sure. There are...
Patriots rooting guide for NFL Week 5
Rooting information, kickoff times, TV schedule and more for NFL Week 5.
Samsung Galaxy S27 might finally introduce DC dimming
The tech might only be coming to the Pro and Ultra models for now, though. We already heard word that Samsung Display is gearing up to start Galaxy S27...
Dr. Oz, Trump Medicaid director, in Nebraska to root for state rural health program, Big Red
Dr. Mehmed Oz, Trump Medicaid director, was in Nebraska Saturday to root for state rural health grant progress and Big Red.
Rewriting the playbook: The grassroots movement for Black midlife health
I was 45 when my body first started sending distress signals: drenching night sweats, sudden 2 a.m. awakenings and a persistent brain fog that had me forgetting...
Apple announces October 13 event for new smart home products
The rumors were correct once again. In late September, a rumor claimed Apple would be holding a special event on October 13 to unveil new smart home...
Sandwiches to socialism: How a DSA chapter in Austin is building political power
The Democratic Socialists of America has experienced rapid growth and increased influence within American politics, driven by grassroots organizing and a platform focused on issues like housing, healthcare, and social justice.
Amazon's new Alexa Tablets use the Google Play Store and are more capable than Fire tablets
The Alexa Tablet 12 Pro has an optional glare-resistant glass, up to 16GB of RAM and a USB-C port with DisplayPort support.
Local business bakes up community connections
Flour and Thyme incorporates local florals and herbs in its baked goods, rooted in a deep connection to Athens.
Second Annual Milwaukee Vegan Restaurant Week Expands To 35 Businesses
Grassroots vegan restaurant coalition grows with official tourism sponsor.
Anthony Rizzo Crosses Chicago Rivalry Line With White Sox Message
Anthony Rizzo will forever be connected to the Chicago Cubs, but that apparently doesn’t mean he has to root against everything happening on the South Side. The longtime Cubs star and one of the central figures from Chicago’s 2016 World Series championship team said Wednesday that he plans to attend Game 3 of the American…
Amazon US Prime Deals: the Google Pixel 11 Pro is $250 off
The $1,100 MSRP for a 256GB Pixel 11 Pro was overly ambitious - with this price cut, even the 512GB model (which has 16GB of RAM) is under $1,000.
'Clarkson's Farm' special 'Jeremy Grows a Car' coming to Prime Video in 2027
Jeremy Clarkson is going back to his automotive roots by building his own car using produce from his farm.
Amazon US Prime Deals: the Samsung Galaxy S26 Ultra is 30% off
Despite the recent price hike that put the base model at $1,400 MSRP, you can still get an S26 Ultra under $1,000. The Samsung Galaxy S26 Ultra launched at...
Wright State brings campus community together to celebrate mental health and well-being
From goat yoga to root beer floats, Wright State University put a creative spin on World Mental Health Day with activities designed to help individuals prioritize their mental health and well-being. Continue reading →
Latinx Voces Expands Grassroots Health Equity Across the Valley
A podcast with Dr. Paulina Sosa Quintanilla, founder and CEO of Latinx Voces.
Atlassian Data Center Flaw Draws Exploitation Attempts Within Two Hours of Public Details
Attackers are exploiting an Atlassian Data Center flaw that enables unauthenticated access to specific webroot files.
Service 1st marks 100 years in business, extends beyond mortgage lending
- Company traces its roots to 1926 and continues to grow with new products and expansion into more vertical markets -
Follow the road to Rome at 2026 Columbus Italian Festival
With its roots in Italy and heart in Columbus, the three-day Italian Festival will bring the spirit of Rome to central Ohio.
Deals: here are the best tablet and smartwatch deals from Amazon's Prime Big Deal Days
We already looked at phones in a separate post. Here we're also including a number of Amazon devices that don't quite fall in the "tablet" category.
Deals: Prime Big Deal Days brings big discounts on flagships, foldables and other phones
We also picked out the best offers for premium, mid-range and entry-level phones. Amazon’s Prime Big Deal Days start today and end tomorrow. As usual, we...
New York Yankees Might Have a Culture Problem
The New York Yankees might have some deep-rooted issues.
Brazil: Lessons from a Disaster
By Antonio Martins (Outras Palavras) Defeats become deeper and more prolonged when we misunderstand what caused them, avoid correcting course, and embrace “solutions” that only compound our mistakes. Lula’s government and the Brazilian left suffered a disaster in Sunday’s election. Contrary to every poll, the president finished the first round 2.2 million votes behind Flávio Bolsonaro—and, more significantly, 3.4 million votes below his total four years ago, when the machinery of the state was working against him and in favor of his opponent. His vote share declined in 98 percent of Brazil’s municipalities. The PL, the main party of the far right, elected 121 deputies and 28 senators, becoming the largest caucus in both houses of Congress. The parties aligned with the Centrão—Brazil’s bloc of transactional center-right parties—were somewhat diminished, but will still hold roughly 250 seats in the Chamber of Deputies and 35 in the Senate. That will make it easier to assemble the majorities needed to amend the Constitution or impeach Supreme Federal Court justices. If elected, Flávio Bolsonaro could appoint four members of the Court, substantially altering its internal balance of power. What produced these results? How can the far right be prevented from consolidating them into a prolonged political hegemony? And what is the essential change of direction the left now needs? Explaining the Disaster Across the commercial media and the exuberant chaos of digital platforms, interpretations are multiplying. Some focus on specific episodes: Lula’s absence from the Globo debate, his very close relationship with Alexandre de Moraes, or his emphasis on issues supposedly remote from most people’s everyday concerns, such as rare earth minerals. Among the more systemic interpretations, three seem especially questionable. One argues that the principal defeat was not the left’s, since its congressional representation declined only slightly. The decisive movement captured at the ballot box, according to this view, was a shift within the right itself—from the more moderate and transactional forces of the Centrão toward the more ideological and radicalized forces of the PL and Novo. A second interpretation holds that the nature of electoral and political processes has changed. The material interests and aspirations of society, it argues, no longer play the central role they once did; they have given way to forms of subjective self-identification that the left has yet to understand. And a third concludes that, because of these two developments, we should expect a political winter: a prolonged period in which the far right and the broader right dominate Brazilian political life. There are important elements in all three interpretations. The problem lies in what they deny or leave out: Lula’s third government was a small-bore government. It offered the majorities that elected it neither a clearly better life nor reasons to believe again in politics and its power to transform society. These failures flowed from two fatal accommodations, which I will examine below. As a result, the government suffered a slow but steady erosion of support. And, as has happened in so many Western countries, it gave the far right the opportunity to present itself as anti-system and to benefit from popular frustration and distress. The interpretation that emphasizes the migration of votes from the center-right and traditional right toward the far right has been advanced, among others, by the courageous journalist Leonardo Sakamoto. In his UOL column on Monday, October 5, he highlights the miserable behavior of the traditional conservative parties. Over the past four years, they repeatedly joined forces with the “neo”-fascists, helping to “normalize” them—a criticism that could equally be directed at almost the entire corporate media. Believing they could use the far right as a stepping stone, they instead ended up partly devoured by it. This was especially true in the Senate, where the PL’s gain of 13 senators and Novo’s gain of two came at the expense of the PSD, which lost nine; the MDB, which lost two; the PSDB, which lost two; and the PP, which lost one. Sakamoto’s observation is accurate and necessary, but it leaves uncomfortable questions unanswered. Why did the erosion of the Centrão benefit the far right rather than, for example, producing growth for the left—as has happened so many times before, both in Brazil and elsewhere? The answer is not difficult. Throughout its four years in office, Lula’s third government was almost invariably associated with the Centrão. Here lies its first accommodation: accepting the limits imposed by conservative institutions; avoiding, as much as possible, any attempt to strain those limits through popular pressure; and believing only in the modest changes that could be squeezed through openings in Congress. The failure of the campaign to end the six-day workweek is emblematic. Lula could have electrified the presidential race by pairing it with a popular campaign for passage of the measure. Instead, he chose to place his hopes in the hands of Senate president Rodrigo Alcolumbre. He generated no mass mobilization, did not force his opponents onto an uncomfortable defensive, and won no victory. In September 2025, the government squandered the greatest of its many opportunities to shake up conservative power in Congress. Popular opposition to the so-called Shielding Amendment—which, if approved, would have restricted criminal proceedings against members of Congress—brought crowds into the streets, mobilized primarily by artists and social movements. This opened the possibility for a broader political education: a campaign that could begin exposing the limits and dysfunctions of Brazil’s political system while putting Bolsonaro’s movement on the defensive for its predictable support of political privilege. The amendment was defeated. But the executive branch then backed away from the fight. It remained associated with an institutional world widely seen as corrupt, elitist, and indifferent to ordinary people’s struggles. In doing so, it forfeited its credibility as a vehicle for the protest vote. On Sunday, it reaped the bitter fruits. Are We Doomed? Taking a different approach from Sakamoto, the philosopher Moysés Pinto Neto and other writers have drawn attention, in their first analyses of October 4, to the fragmentation of the public sphere produced by Big Tech platforms. Through their algorithms, these platforms present each person with a different view of social reality. As a consequence, it becomes much harder to identify common material problems and demands—for example, the fight for labor rights or for a properly funded public health system. Voters no longer embrace such demands, these authors argue, because they no longer see themselves as part of a collective. Instead, they tend to value the identities assigned to them by neoliberal subjectivity—the role of the entrepreneur, for example. On this interpretation, the left’s possible error lies in clinging to outdated illusions. Moysés’s warning is highly relevant and resonates with arguments such as Naomi Klein and Astra Taylor’s “Apocalyptic Fascism and the Billionaires’ Bet.” Unlike a century ago, the far right no longer promises a radiant future. It concentrates instead on resentment—especially that of young men. “They belong to a generation that fears it may never own a home, but compensates with the pleasure it gets from constantly provoking progressives online. Convinced their future has been stolen, they share memes romanticizing historical authoritarian regimes,” the authors write. But Moysés seems to confuse this danger with inevitability. He fails to see that the left’s answer cannot be adaptation. On the contrary, it must strengthen the possibility of politics as collective action. Nor does he recognize that precisely such a reversal is already becoming possible in some of the most promising mobilizations of the twenty-first century: the election, at the end of 2025, of the young Muslim Zohran Mamdani as mayor of New York, on a platform centered on the intensely material fight for an affordable city; the Left Party’s victory in Berlin two weeks ago, built around the demand to expropriate private real-estate corporations; and the very recent wave of demonstrations in Spain—including an occupation of Madrid’s Puerta del Sol—in which tens of thousands of young people mobilized by the Tenants’ Union have demanded limits on rents. By putting itself in the straitjacket of the “fiscal framework” in the first months of 2022, Lula’s third government adopted the second fatal accommodation of its term. Faced with conservative institutions and a country devastated by four years of Bolsonaro, increased public investment was the government’s remaining weapon for offering a more dignified life to the majority and forging an anti-conservative pact with them. The same state that disburses 1 trillion reais a year to enrich a small class of rentiers could instead spend money to extend the Family Health Strategy to every Brazilian, at a cost of 30 billion reais; provide full-day public schooling and childcare to all adolescents and children—and, especially, relief to their mothers; achieve universal sanitation while cleaning up polluted urban rivers; multiply metro systems; begin transforming the urban peripheries; and undertake many other urgently needed projects. In April 2023, an article in Outras Palavras warned that the fiscal framework could “shrink the Lula government and preserve the forces that condemn the country to inequality and regression.” A year later, another article showed that restraints on public spending were strangling policies vital to ordinary people and undermining the president’s popularity. In November 2024 came a reality check, in the form of the government’s humiliating defeat in the municipal elections. Even then, the fiscal lock was neither removed nor loosened. On the contrary: throughout the government’s four years, fiscal restraint remained central to its political narrative. The administration proudly proclaimed that it had “put the state’s accounts in order,” without grasping either how misleading that phrase was—given the payment of 1 trillion reais in interest—or how badly the message was hurting it politically. Lula finally woke up in September 2026. The increase in Bolsa Família benefits, after four years of being frozen; the announcement that anti-obesity drugs would be offered through Brazil’s public health system; and the ban on online betting showed that the state has the power to act decisively on behalf of the majority when those in government are willing to confront obstacles. The huge marches that closed the campaign in Fortaleza, Salvador, Rio de Janeiro, and São Paulo on the eve of October 4 showed how such initiatives can mobilize activists and the broader public. But it was too late—and too little to change the outcome of the first round. History has not ended The possibility of a turnaround in the three weeks leading up to November 25 cannot be ruled out. It will not be simple or easy. Lula must not only make up a deficit of 2.2 million votes; he must also offset the movement of voters who backed other right-wing candidates in the first round, most of whom are likely to move toward Flávio Bolsonaro. Pulling that off will require a broad, grassroots effort to win over voters, potentially reinforced by new initiatives from Lula. The coming hours and days will be decisive. If Bolsonaro’s movement also wins the presidency, the result will create a high-risk situation for Brazilian sovereignty and democracy. The enormous challenges posed by such an outcome would require the left to reexamine, in depth and with a genuine willingness to engage in self-criticism, its political projects—or its lack of them—and its practices. But would that mean we are condemned to the long winter of far-right hegemony that some analyses are beginning to forecast? It is far too early to say, suggests a recent text by Álvaro García Linera, the thinker who served as vice president of Bolivia under Evo Morales. His central hypothesis is that this political current will prove short-lived. At a moment when the entire world is once again talking about sovereignty and protecting national economies, the far right offers a stale, recolonizing neoliberalism. Its submission to the United States is as blatant and pathetic as Flávio and Eduardo Bolsonaro’s overtures to Donald Trump. Its project amounts to something like every man for himself: greater inequality, capitalism without limits, devastation, and supremacism. Will it work? In the United States, just two years into his second term, Trump himself is reaching record levels of unpopularity and may be on the verge of losing Republican control of both the House and Senate in November. Every new beginning is difficult. Whatever the outcome of the second round, the defeats of October 4 show how profoundly the Brazilian left will have to rethink and rebuild. But just as it would be foolish to underestimate the seriousness of its mistakes, it would be equally foolish to conclude that rebuilding a political project is no longer possible. History has not ended. The times are moving faster than ever. Originally published in Portuguese by Outras Palavras. English translation by Eric Blanc; I’ve added the subtitles. More We can’t stop the far right at home or abroad without a revitalized labor movement, which is yet another reason why you should become a sustaining supporter of the Emergency Workplace Organizing Committee (EWOC) — one of US labor’s pivotal bright spots. Relatedly, Jacobin published a short piece of mine reflecting on a decade of Bernie Sanders inspiring a whole new generation of young worker organizers.
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How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
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