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911: Massive blaze destroys woodworking business in rural Blair County
Firefighters in Blair County are providing new details on Wednesday night's response to the massive commercial building fire in the Roaring Spring area.Emergenc
What Dueling Visits by Ocasio-Cortez and Manchin Say About Maine’s Senate Race
Senator Susan Collins, a Republican in a tight race, is keying her closing pitch to the middle, while her progressive challenger, Troy Jackson, is seeking to excite the left.
Airbnb Just Banned Checkout Chores. It’s a Massive Warning to Every Business Still Outsourcing Labor to Customers
Airbnb just banned checkout chores. Learn why outsourcing operational labor to customers destroys goodwill and what it teaches every business.
Unassuming historic Lafayette house, business destroyed by fire
The history of the small building at 309 N. Fifth St. destroyed by fire includes a time as a Chinese laundry and a visit from a famous movie star.
Geoffrey Hinton, the godfather of AI: ‘I’m not a doomer. I think there’s a 1% chance it will destroy us’
The winner of the Nobel Prize in Physics warns of Silicon Valley’s fascist drift and says that if Trump wins the midterm elections, it will be the end of American democracy
What makes Troy Aikman such an appealing option for CBS?
ProShooter/Depositphotos Troy Aikman’s ESPN deal ends in 2027 Troy Kenneth Aikman works as an NFL analyst for ESPN after playing quarterback for the Dallas Cowboys. His current broadcasting agreement runs through Super Bowl LXI, scheduled for February 2027. During an October 15 radio interview in Dallas, Aikman said he expected to become a free agent.…
Troy Aikman and Joe Buck: what next for the NFL’s $165m TV power couple as they head for a split?
The duo have carved out lucrative and successful careers as TV audiences elsewhere are falling. It seems they won’t be together for much longer
Scientists found 2 ways to destroy 'forever chemicals,' and 'forever' may not mean forever
The video says PFAS "barely break down in nature" and can remain for decades or even centuries.
Nearly $1M in sports, Pokémon cards stolen from FedEx truck in California
The cards were swiped from a trading card authentication company. One collector said he was “absolutely financially destroyed.”
Who speaks for Mars? Scientists call for ethical debate before terraforming begins
Transforming Mars into a more Earth-like world could irreversibly destroy scientific evidence about the planet's history and the possibility of extraterrestrial life. In an opinion article published in ...
Steelers PFF grades: Germie Bernard shines; Troy Fautanu stagnates
If cornerback Jamel Dean can stay healthy, he may be a rare veteran acquisition to work out for the Pittsburgh Steelers at the position.
Supreme Court Declines to Hear Los Angeles Business Owner’s Case Seeking Compensation After SWAT Team Destroyed Shop
WASHINGTON—Today, the United States Supreme Court declined to hear a Los Angeles small business owner’s lawsuit seeking compensation after a SWAT team destroyed his print […]
Jackson doesn't regret telling Collins to 'shut up' after protester interrupted Maine Senate debate
"She said that it was a Troy supporter. She accused me of setting that up. I had no idea who it was,” Jackson said.
Jackson doesn't regret telling Collins to 'shut up' after protester interrupted Maine Senate debate
Maine Democrat Troy Jackson says he doesn't regret telling Susan Collins that she should “shut up” after the Republican senator suggested that a protester who interrupted their recent debate was one of his campaign’s backers.
‘They Want to Get Into the Taylor Swift Business’ — Media Analyst ‘Rationalizes’ Travis Kelce Possibly Coming in as Troy Aikman’s ESPN Replacement
Kansas City Chiefs tight end Travis Kelce re-signed with the franchise this offseason, and the Chiefs have come flying out of the blocks to a 4-0 record. Once the current season ends, however, there is some speculation about where Kelce may head next, particularly if it comes to a role in the broadcasting booth.
Susan Collins Says Rival’s ‘Oh, Shut Up’ Comment Reflects How He Treats Women
Ms. Collins, a Republican running in a crucial race, called the debate remark by her opponent, Troy Jackson, “very telling.” Mr. Jackson has defended his comment, and his campaign said Ms. Collins had run a campaign based on personal attacks.
Scientists turn cancer-promoting protein into a weapon against tumors
Researchers have discovered that a protein known to help cancer cells thrive can also make immune cells more effective at destroying tumors.
As Troy mayor vetoes Flock law, council president promises override
Mayor Carmella Mantello says the law is biased in favor of criminal defendants. Council President Sue Steele says the veto was expected.
Key takeaways from the final, fiery debate between Susan Collins and Troy Jackson
The debate featured lots of talk about Donald Trump, disparate views on the state of American democracy and a moment when Jackson told Collins to "shut up."
'Oh, shut up!': Democrat snaps at Collins after heckler drives Maine Senate debate off the rails
A protester yelling about AI data centers sparked a fiery clash between Republican Sen. Susan Collins and Democratic challenger Troy Jackson.
Melton given clean bill of health, ready to lead Tigers' rotation in '27
DETROIT -- Hot Stove season doesn’t begin until next month, but the Tigers already got a big addition to their rotation entering next year. Right-hander Troy Melton, given a clean bill of health, looms large again as a potential frontline starter in a group of talented young arms. Melton, whose
Ukraine: Critical health supplies destroyed in ongoing Russian attacks
Ongoing and deadly Russian attacks across Ukraine are causing serious healthcare disruption, with more than $1.5 million-worth of medicines and supplies destroyed in four separate strikes on warehouses used by the UN there since July.
Tigers pitcher Troy Melton given clean bill of health entering offseason
Right-hander ended solid 2026 season early because of tightness in his right forearm.
Troy Aikman responds to reported MNF contract tensions with Joe Buck: 'I'm looking forward to … where my next landing spot might be'
Sun Belt Week 7 Biggest Matchups
Another fun week of Sun Belt football is approaching, and there are certain matchups that can have big implications down the road. Georgia State has been the biggest surprise in the Sun Belt, and a victory over James Madison could do wonders for its confidence. Troy and Louisiana is a marquee matchup for the West …
Troy Aikman addresses Joe Buck quarrel, ESPN contract status
Things are getting very awkward between ESPN, Troy Aikman, and Joe Buck. ESPN has the Super Bowl this year and the Worldwide Leader is going all-in on promotion like we’ve never seen any network do before. But it’s about to be overshadowed by reports of a feud between their All-Star Monday Night Football broadcast duo. Buck…
New Orleans officials urge residents to advocate for change at Urban League conference
New Orleans leaders, including U.S. Rep. Troy Carter and Mayor Helena Moreno, spoke at the event
Union leader quoted in Maine Senate attack ad sends ‘cease and desist’ to GOP PAC
The ad quotes a union official slamming Democrat Troy Jackson’s healthcare plan. He told NBC News he never commented on Jackson’s plan and was “shocked” to see the quote.
Troy Aikman, Joe Buck reportedly got into argument in 'Monday Night Football' booth over contract extension tensions at ESPN
Could AI spell doom for humans? Poll finds Minnesotans are worried
MINNEAPOLIS — More than two-thirds of Minnesota voters worry that artificial intelligence could someday destroy humanity, according to a new Star Tribune/KARE 11 Minnesota Poll, an extraordinary fear that joins
Shop Owner Says Kelly Clarkson Tried to 'Destroy Our Business’
A visit to Brooklyn store Art of Play, where Kelly Clarkson said she was treated poorly when trying to buy a $15,000 songbird item.
Troy Jackson Presses Susan Collins on Heating Prices
"This winter is going to break some people," the Democrat says in a new ad shared first the Midcoast Villager.
2026 U.S. Gas Utility Business Customer Satisfaction Study
TROY, Mich.: 14 Oct. 2026 — Overall satisfaction among gas utility business customers rises 10 points (on a 1,000-point scale) to 655 in the JD Power 2026 U.S. Gas Utility Business Customer Satisfaction StudySM, released today. Business customer satisfaction improved across nearly all dimensions. Trust and information provided show the strongest gains, each up 24 […]
Broward Health Medical Center Introduces Bispecific T-Cell Engager Therapy for Cancer Patients - Florida Hospital News and Healthcare Report
OCTOBER 13, 2026 – Broward Health Medical Center has introduced bispecific T-cell engager (BiTE) therapy, an innovative immunotherapy that harnesses the body’s immune system to target and destroy cancer cells. […]
BROWARD HEALTH MEDICAL CENTER INTRODUCES BISPECIFIC T-CELL ENGAGER THERAPY FOR CANCER PATIENTS - Florida Hospital News and Healthcare Report
October 13, 2026 – Broward Health Medical Center has introduced bispecific T-cell engager (BiTE) therapy, an innovative immunotherapy that harnesses the body’s immune system to target and destroy cancer cells. […]
Live updates: U.S. Senate debates tonight in Maine and Georgia
See the latest updates as Maine Senate candidates Susan Collins and Troy Jackson debate for the third time in the 2026 midterm elections at 7 p.m., while Jon Ossoff and Mike Collins are set to follow at 8 p.m.
Yankees news: Free agency could destroy New York’s bullpen
Yankees may experience bullpen exodus; Maybin wants Acuña in the Bronx; Baby Bombers are back; should Chisholm return?
Elon Musk calls Waymo cars ‘pet destroyers’ as robotaxi rivals clash over safety
Tesla robotaxi expansion plans include screening for dangerous railroad crossings as Elon Musk takes aim at Waymo's animal collision record.
Anti-Troy Jackson ad runs in Oregon, not Maine
A Republican super PAC trying to influence a crucial Senate race in Maine spent thousands of dollars running an attack ad in the wrong Portland, targeting voters thousands of miles away in Oregon.
An Ad Targeting Susan Collins’s Opponent, Troy Jackson, Airs in the Wrong Portland
An executive with the Republican super PAC that paid for the ad attacking Troy Jackson, the Democratic Senate candidate in Maine, blamed its vendor for running the ad in Oregon.
Early morning fire destroys Crawford County business
A restaurant and bar in Conneautville were deemed a total loss after a fire tore through the building early Monday morning. Crews from across Crawford County were called to the 900 block of Main St…
Troy budget proposal includes property tax, water rate hikes
City officials say the move would support rising treatment costs and lead pipe replacement.
Gotcha? Some said a glass of water 'proved' China faked its space station – but simple science destroyed the argument in seconds | BBC Sky at Night Magazine
A theory online claimed China's space agency was faking its space station – all because of a glass of water. Science debunked the theory.
Player Ratings: Bournemouth Destroyed At The Bridge
A disastrous afternoon at Stamford Bridge left Bournemouth searching for answers after a humiliating 5-1 defeat to Chelsea. Cherries still remain winless in the Premier League and it's fair to say not many players covered themselves in glory this weekend.
In Maine Senate Race, Anxious Democrats Turn to Bernie Sanders for a Jolt
Three months after a jarring summer candidate switch, some Democrats in the state are worried about the enthusiasm for their nominee, Troy Jackson, who is in a close race.
Kona Destroys You Like No Other Ironman. We’ve Got the Receipts to Prove It.
From muscle micro-tears and brain fog to gut distress, science explains why racing - or even watching - the Ironman World Championship in Hawaii leaves you utterly steamrolled for days.
Tim Samuelson: Altering the Griffin Museum of Science and Industry’s entrances will destroy its essence
When originally constructed as the Palace of Fine Arts for Chicago’s 1893 World’s Fair, the building was singled out for being perfect.
Bernie Sanders stumps for Maine Democratic Senate nominee
Sen. Bernie Sanders backed Troy Jackson, the Democratic Senate nominee in Maine’s battleground race, at a rally today. CNN’s Arlette Saenz reports.
Over 500 people came out to the Better Business Bureau's 19th annual Secure Your ID Day
This event is meant to help community members protect themselves from fraud and identity theft. Folks were able to bring up to three boxes of documents to get destroyed.
Many Kauai small businesses hanging on by a thread waiting for financial aid
A month after Hurricane Lowell destroyed businesses and caused a dramatic slowdown in customers, many Kauai operators are barely hanging on. The federal government announced approval of major disaster aid
Our Solar System May Be Destroyed 100 Times Faster Than We Thought
We'll die as we were born.
Singleton’s ‘Downtown Economic Growth Program’ Would Stimulate Business Development in Small Towns
TRENTON – The Senate Economic Growth Committee advanced bipartisan legislation sponsored by Senator Troy Singleton and Senator Parker Space that would establish the “Downtown Economic
Poll: Democrat Troy Jackson narrowly leads Susan Collins in Maine Senate race
Likely voters prefer Jackson on several key issues, but they favor Collins’s ability to steer federal dollars to the state.
Fire destroys ice cream shop and damages businesses in Inglewood
Video from the scene showed heavy smoke billowing from the building’s roof. This video was broadcast during the NBC4 News at 11 p.m. on Thursday, Oct. 8, 2026.
Bass Bay Brewhouse announces groundbreaking months after devastating fire
Bass Bay Brewhouse in Muskego, Wis., was destroyed in a fire on Dec. 12, 2025. In December, officials said the entire structure — both the restaurant and residential sections — was a “total loss.”
Obama endorses Troy Jackson in Maine Senate race
The former president told voters he is “proud to be on board” the Democrats’ campaign to oust Republican Sen. Susan Collins.
Fire destroys Clymer barn, business
CLYMER – Fire destroyed a tarp business and barn on Ravlin Hill Road in Clymer on Tuesday – though the family’s home was saved. Firefighters from six area volunteer fire departments responded to the fire around 5 a.m. after Clymer firefighters called for mutual aid. Surrounding departments, starting with the Stanley Hose Company from Sherman, […]
Joe Manganiello says local shaman healed him from deadly condition
In a new book, 'Bloodlines,' which drops Oct. 13, Joe Manganiello details a debilitating autoimmune disease that, he says, destroyed his marriage with Sofía Vergara and forced him to undergo 'major organ amputation.'
What happened in the first Maine Senate debate between Collins and Jackson
Republican Sen. Susan Collins distanced herself from President Donald Trump during her first Maine Senate debate with Democrat Troy Jackson, arguing she has maintained her political independence by repeatedly voting against Trump's agenda and saying that she's “not exactly his favorite senator.”
In first Maine Senate debate, Collins seeks to distance herself from Trump
Republican U.S. Sen. Susan Collins has distanced herself from President Donald Trump during her first Maine Senate debate with Democratic opponent Troy Jackson.
Takeaways: Trump and abortion rights take center stage in first Maine Senate debate
GOP Sen. Susan Collins and her Democratic challenger, Troy Jackson, sparred over President Donald Trump and abortion rights in their first debate Tuesday night in Maine’s all-important Senate race with control of the chamber at stake.
Takeaways from the Maine Senate debate between Susan Collins, Troy Jackson
The debate in a race for a critical Senate seat featured lots of talk about President Trump, high prices and the war in Iran.
Susan Collins and Troy Jackson clash over Trump and seniority in Maine’s first Senate debate
The two candidates clashed repeatedly on their records and about national politics in the first of four debates in the key battleground race.
Abortion and Trump spotlighted in Maine Senate debate
GOP Sen. Susan Collins and her Democratic challenger, Troy Jackson, sparred over President Donald Trump and abortion rights in their first debate Tuesday night in Maine’s all-important Senate race with control of the chamber at stake.
TROY College of Science and Engineering students create Dean's Student Advisory Council
Students within the College of Science and Engineering now have the opportunity to make a lasting impact on college initiatives, improvements and student experiences thanks to the creation of the Dean’s Student Advisory Council.
Troy Jackson is racing against time in his bid to unseat Susan Collins
Jackson became the party’s nominee in late July after the campaign of Democratic primary winner Graham Platner fell apart.
After devastating fire, what's next for downtown Walhalla?
A fire destroyed six businesses in downtown Walhalla, leaving owners and residents seeking a path forward.
‘Let Troy be Troy’: How Maine Democrats’ hope to beat Sen. Susan Collins is working to quiet doubters
As Democrats enter the homestretch of their longtime quest to defeat Maine GOP Sen. Susan Collins, they are placing their hope in a fifth-generation logger from the state’s rural north who speaks with a distinct Allagash accent, displays an apparent penchant for boba tea and has never been this close to the national spotlight before.
Champion Homes grows via another acquisition
Troy-based Champion Homes has acquired an Alabama-based manufactured housing company with nine retail locations around the south.
Seedy K’s Pigskin Palaver: House of Cards & Much Mo’
Ah yes, October; the pigskin campaign is morphing more fully developed. And, fully enveloping. This week, there’s a football game on every single night. Not just the more traditional Thursday, Friday, Saturday, Sunday, Monday. Because Draft Kings and Fan Duel and The World Wide Leader need content, we get Southern Miss and Troy on Tuesday, […]
Fire destroys The Farmers' Creamery in Mio
Fire crews were dispatched to The Farmers' Creamery on West Kittle Road around 1:30 p.m. Saturday afternoon, after multiple 911 calls.
Ukraine’s Science Under Fire: Russia Is Targeting Knowledge, People and the Future
Russian strikes are killing scientists, destroying laboratories and equipment, and putting Ukraine’s scientific and technological capacity at risk.
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.
Tony Gilroy Says Paramount-Warner Bros. Merger Will ‘Destroy’ a ‘Healthy and Beautiful Business’ in ‘The Name of Venture Capital’: ‘It’s Tragic’
Tony Gilroy blasted the “tragic” nature of the Paramount-Warner Bros. merger at the world premiere of his new film, “Behemoth!” Produced on a $36 million budget, “Behemoth!” is representative of the m...
Leucine does more than build muscle. It powers up your cells
The essential amino acid leucine can boost cellular energy production by protecting key proteins on mitochondria from being destroyed. The discovery reveals a new connection between nutrition and metabolism that could eventually lead to new approaches for metabolic disorders and cancer.
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.
Troy council passes law setting standards for use of Flock cameras
One provision requires the city to delete all data from the license plate reader (LPR) technology within 72 hours.
A job layoff leads Hispanic family into filling needs in the community with help of the TROY Small Business Development Center
For Gilberto Laines and Jocabet Cortes, entrepreneurship did not begin with a business plan, a loan or even the certainty that they would one day own a business. It began with work.
How Anti-Corruption Politics Destroyed Brazil
Brazil’s upcoming election pits President Lula da Silva, eighty, against Senator Flávio Bolsonaro, forty-five. If he wins, Lula will serve a record fourth (non-consecutive) term.
Troy police expect to make arrest soon in business theft probe
A downtown business owner shared footage from two businesses that appeared to show a person stealing tip jars.
How Mainers are weighing the pay-to-play allegation involving Susan Collins
Tom McShane of Windham will likely split his ticket in November. He likes a Republican candidate running for his legislative district but plans to vote for Democrat Troy Jackson for Senate, although reluctantly since his first choice dropped out. His choice in the Senate race is irrespective of the recent corruption allegations against incumbent Republican […]
Steam's Giant Autumn Sale Is Officially Here To Destroy Everyone's Wallet
Valve's PC gaming platform is brimming with discounts on major new releases and old classics players can enjoy on top-of-the-line rigs and Steam Deck
Florida State University doctoral student transforms ‘forever chemicals' research into commercial possibilities through NSF's I-Corps program
A Florida State University doctoral student has developed a new approach to destroying “forever chemicals” and is now taking the technology beyond the
FEATURE | Adil Bourabaa
The fact that there was no fire sale at Le Mans FC this summer, following their promotion to Ligue 1, was indicative. Whereas the likes of Mathys Detourbet and Martin Adeline left ESTAC Troyes after g...
Dozens displaced, 6 businesses destroyed after fire in Somerville's Teele Square
Troy Jackson's Gaza misstep shows him struggling with a big step up to national politics
Jackson is working through one of the most divisive issues on the left while running against strongly pro-Israel Republican Sen. Susan Collins.
Troy Jackson apologizes for remarks about Jewish Maine residents’ views of Gaza war
Troy Jackson, the Democratic nominee in Maine’s battleground Senate race, apologized Wednesday for saying it is “unfortunate” that Jewish residents of the state do not like to label the war in Gaza a genocide.
RAYE, Sombr, Troye Sivan, Conan Gray & More Musicians Named to 2026 TIME100 Next
The annual list spotlights 100 emerging leaders making their mark across entertainment, sports, business, science, politics & other fields.
Democrat Troy Jackson apologizes for Holocaust reference
The Senate nominee’s bid to unseat incumbent Susan Collins (R) is critical to Democrats’ hopes for reclaiming control of the chamber.
Maine Democrat who rejects special interests previously ran PAC that courted them
Troy Jackson is challenging Republican Sen. Susan Collins in a pivotal contest that has been dominated by campaign finance issues.
‘He Could Be a Cheaper Option’ — Sports Media Expert Theorizes ESPN May Be Planning to Replace Troy Aikman With 3-Time Pro Bowler
The longest-standing broadcast partnership in NFL history may be approaching a crossroads, and one media analyst has floated three-time Pro Bowler Greg Olsen as a possible option for ESPN if Troy Aikman departs. When Troy Aikman, the on-air partner of Joe Buck since 2002, revealed on the “Sports Media with Richard Deitsch” podcast that he has not signed a contract extension with ESPN, rumors swirled.
Joe Buck ‘hopeful’ Troy Aikman stays at ESPN
After following Troy Aikman to ESPN, Joe Buck now hopes his longtime NFL broadcast partner follows him in staying at ESPN. Earlier this month, Buck signed a six-year contract extension with ESPN worth more than $100 million to continue as the network’s voice of Monday Night Football. Aikman, however, remains unsigned, with his current contract…
Ukraine’s Academy of Sciences warns against Russian cooperation after attack
The National Academy of Sciences of Ukraine has urged the international scientific community not to “restore or legitimise institutional cooperation with Russian state scientific and educational structures,” after a Russian drone hit its Presidium building in central Kyiv, killing at least two people and injuring several others. The drone strike took place in the early afternoon on September 28 while staff were working.The academy called the strike, one of several Russian attacks on Ukraine’s capital using jet-powered drones in recent days, an act of terrorism. “It is a strike [. . .] on the very idea that knowledge, research, and the search for truth should serve life, not its destruction,” it said in a statement.The academy thanked the global scientific community for its solidarity following the attack and warned against any temptation to normalise scientific relations with Russia.“Science cannot exist outside of moral responsibility. There can be no ‘ordinary scientific cooperation’ with a state that kills people and destroys scientific institutions of another country,” it said.“We urge not to create opportunities for Russian state institutions to return to the international scientific community as if nothing happened. There can be no ‘science beyond politics’ when science is attacked with weapons.”After the full-scale invasion of Ukraine in 2022, Europe almost entirely cut institutional ties and joint programmes with Russian science, although personal academic contacts are still ongoing.Related articlesRussia widens targeting of European research centresHow geopolitical rifts cut scientific collaborationThe European Federation of Academies of Sciences and Humanities (ALLEA), for instance, continues to exclude the Russian Academy of Sciences from its network.ALLEA condemned the latest attack as a “barbaric act” and part of a broader “systematic targeting of Ukraine’s scientific and cultural infrastructure.” This is a “deliberate attempt to erase the conditions under which free inquiry, knowledge, and democratic life are possible,” it said in a statement.Since Russia’s full-scale invasion, more than 4,650 educational institutions across Ukraine have been damaged, and a further 423 have been destroyed, according to ALLEA.National academies across Europe joined ALLEA in condemning the attack. “Science is about the pursuit of knowledge for the benefit of humanity, so this is an attack on civilisation itself,” said Paul Nurse, president of the UK’s Royal Society.Attacks on scientific, university and cultural institutions “are attacks on the foundations of society and constitute a clear violation of international law,” wrote the German National Academy of Sciences Leopoldina.The presidents of the US National Academies of Sciences, Engineering and Medicine also released a joint statement condemning the attack and pledging to continue to support the Ukrainian research community.The targeting of the Ukrainian academy prompted outcry from European leaders. “Today, science became a target for Russia,” European Commission President Ursula von der Leyen wrote on social media.“These strikes are the latest illustration of the Russian regime’s hostile contempt for science and truth,” said French President Emmanuel Macron.
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.
Lesbian Bar Project Co-Founder: Purity Politics Could Destroy Our Remaining Spaces
Subscribe As a professional lesbian and Massachusetts native, I’ve recently been asked by a lot of folks what I think about the saga unfolding at Last Ditch. The now-viral story, first reported by The Boston Globe, centers on a Western Massachusetts lesbian bar that lifted its mask requirement for one night a week to help drum up business. The decision ignited an intra-queer controversy that has been feasted on by media outlets across the political spectrum—from the New York Post to LGBTQ Nation—and is even reportedly being eyed for a Hollywood adaptation. Apparently nothing is more entertaining than a bunch of lesbians and queers fighting with each other over KN-95s. What has been lost in all of the chatter and media coverage is the very real possibility that Last Ditch, which just opened in April 2025, will have to close its doors. The venue’s one remaining founder, Jackie Matellian, revealed in a community Zoom meeting that she’s working four jobs, is now solely responsible for the bar’s $50,000 business loan and is struggling to keep up with the bills. So as we laugh about the controversy’s similarity to a “Portlandia” skit and how one of the bar’s founders left to enroll in clown school, we forget that yet another lesbian bar is facing an existential crisis—and this time the call is coming from inside the house. In 2020, my friend Elina Street and I created The Lesbian Bar Project, an Emmy-, Webby- and GLAAD Media Award-winning docuseries and initiative that tells the stories of lesbian queer bars around the world. We were moved to act because at the time there were only an estimated 16 lesbian bars in the United States, and the pandemic threatened to bring that number down even further. There are now more sapphic bars than there were just before the pandemic—about 36 of them in total—but this is down from approximately 200 in 1980. Maybe that doesn’t mean much to you, but for the millions of sapphics living in the U.S., this number is calamitous. As the world laughs at lesbians and sapphics, I want to take a second and tell you what I feel when I walk into one of these bars, which are all unique and irreplaceable in their own way: I feel seen. Sometimes I think Cubbyhole in New York City’s West Village neighborhood knew I was gay before I did. When I walked in there for the first time, before I was even out, I was transfixed by the colorful array of tchotchkes hanging from the ceiling and how the women standing next to me were completely unafraid to express their desire for one another. I knew the minute I was ready to come out, I had a home. I also felt the joy of a new couple falling in love at Seattle’s Wildrose, the quiet confidence of a short king lining up her shot at the pool table at Ginger’s in Brooklyn and the kick of cayenne pepper in Julie Mabry’s crawfish at Houston’s Pearl Bar. Subscribe Lesbian bars don’t just serve lesbians; they serve queer folks across the spectrum, including bisexual, pansexual and trans people. As Elina and I traveled across the U.S. and Europe and to parts of Latin America to document the bar owners, staff and patrons that make up the ecosystems of these spaces, we also became uniquely acquainted with the factors that threaten their existence: gentrification, wage gaps, sexism, environmental disasters, gun violence, rising insurance premiums and political administrations working to annihilate queer people and their families. Lesbian bar owners, like all leaders and entrepreneurs, are imperfect. There have been significant issues over the years at lesbian bars: employee harassment, racism, lack of accessibility, sexual assault and transphobia. All bar owners should be held accountable and should listen to their communities to evolve into safer and more equitable spaces. I also acknowledge my privilege: I am able-bodied, white, cis and from a family system that loves me for who I am. Not everyone has that. Queer people, especially trans and bisexual people, are suffering from disproportionately high levels of depression, and our mental health system isn’t equipped to support them. Immunocompromised people and long COVID are real, and many of my friends are suffering to this day. The people with the least safety net are often the ones for whom a bar closing costs the most. And yet, as we’re seeing with Last Ditch, the queer community often lashes out at each other. It’s also the mainstream media taking the internal conflict and making a mockery out of it, distracting from the real possibility that this bar could close due to financial pressures. A bar that many people loved and needed is facing extinction. Perhaps it’s safer to dissent with one another than with the larger forces trying to eradicate us, but in doing so, we risk destroying the few spaces we have left. Due to the constraints of purity politics—some in good faith, some not so much—lesbian bar owners, almost all of whom are queer women themselves, are forced to be everything for everyone, similarly to how women are forced to be everything for everyone. By asking these bars to uphold impossible standards—standards very few other third spaces are asked to consider—we all end up losing. I want to move as a community toward dialogue, compassionate dissent and collaboration to make our spaces better with the goal of keeping them OPEN and thriving, rather than destroying them from the inside with expectations that are arguably unattainable. Subscribe While I have your attention—for this fleeting second of the news cycle—may I urge us to spearhead a way to keep these small businesses afloat without attacking our own community along the way? Bar owners are left with an impasse: They want to be community-centered, but they also have to make money to keep their doors open. Sometimes they might make business decisions that don’t work for everyone—and that’s partly because different patrons have different priorities and want different things—but these owners deserve the opportunity for productive dialogue**.** We have to work with them and with each other to keep our spaces open, to keep them growing. Lesbian bars raised me into the queer woman I am today. One thing I think about as I reflect on the six years of work we’ve done to document these spaces is that shared, unspoken language I have with a stranger the moment we both walk into one of these bars: the nod, the ease, the not having to explain ourselves. I don’t want to lose that, and neither should you. If objective, nonpartisan, rigorous, LGBTQ-focused journalism is important to you, please consider making a tax-deductible donation through our 501(c)(3) fiscal sponsor, Resource Impact, by clicking this button: Donate