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Arsenal 3-0 Man City: Did you know?
Arsenal's 3-0 win over Manchester City is the biggest margin of victory in a Community Shield game since 2014, when the Gunners beat the same opponent by the same scoreline. Enzo Maresca suffered the joint-heaviest defeat by a Manchester City manager in their first game, with Harry Newbould in 1906 the only previous one to lose by 3+ goals (1-4 v Arsenal). City's 0-3 loss is Maresca's joint-heaviest defeat as a manager in English football, having only once previously lost by a 3+ goal margin (Chelsea 0-3 Brighton in February 2025).
GLP-1 weight loss drugs may boost results but raise oral health risks, dentist warns
Hebrew University scientists discover way to create real dairy proteins from plants
The discovery would thus help overcome a major hurdle in producing real dairy proteins without cows, paving the way for more sustainable dairy ingredients and less climate change.
Novak Djokovic Reveals He’s Been ‘Dealing With (A Health Issue) For Many Years Now’
The 24-time major champion got down on his knees on the court and later appeared to vomit into a towel during his 2-6, 6-4, 6-4 loss to Argentina’s Thiago Agustín Tirante
Seahawks’ Jalen Milroe Gets Blunt Message After Loss to Cowboys
The Seattle Seahawks fell in their preseason opener 17-7 to the Dallas Cowboys on Aug. 15 at Lumen Field. With Sam Darnold not seeing action in the contest, it allowed for backups Drew Lock and Jalen Milroe to see the field.Regarding Milroe, the 23-year-old went 5-for-8 on his pass attempts, resulting in 36 passing yards. […] The post Seahawks’ Jalen Milroe Gets Blunt Message After Loss to Cowboys appeared first on HEAVY.
Europe's heatwaves expose insurance gap as business losses mount
For more than a century, cafes in the Italian city of Padua have welcomed customers for an early evening drink, or aperitivo, encouraging them to sit outside and socialise before dinner.
Panthers' Premier Free Agent Additions Shine in Preseason Loss
The Carolina Panthers took the field on Saturday for the second time this preseason. The Panthers had a nice showing in the Hall of Fame Game, taking down the Arizona Cardinals. Saturday's matchup against the Bills, however, was not as positive for the Panthers.
Another Night, Another One-Run Loss: Rays 3, Orioles 4
It’s not often you see the losing team have more base hits, draw more walks, and strike out 10 fewer times than the victor, but that is exactly what happened tonight in a 4-3 Rays defeat. Simply put, the Rays had plenty of chances in this game, but left 12 men on base while going […]
Packers Cut Ties With Quarterback After Preseason Loss to Steelers
The Green Bay Packers have released one of their backup quarterbacks following their preseason-opening loss to the Pittsburgh Steelers. The post Packers Cut Ties With Quarterback After Preseason Loss to Steelers appeared first on HEAVY.
Browns rookie wideout impresses in preseason loss to Bears
A rookie stood out for the Cleveland Browns in their 2026 preseason opener against the Chicago Bears.
Lions UDFA Makes Surprise Push After Impressive NFL Debut
One of the biggest winners from the Detroit Lions’ preseason opening loss to the Cincinnati Bengals was the performance of rookie UDFA Eric O’Neill. O’Neil’s big-game help positions him to make a run at the 53-man roster, according to John Whiticar of Pride of Detroit.Whiticar pointed to O’Neil getting on the field early and being […] The post Lions UDFA Makes Surprise Push After Impressive NFL Debut appeared first on HEAVY.
Outdone by the Jays bullpen, Yankees relive painful memory
One run against the Blue Jays' bullpen with several opportunities left on the table leads to a deflating loss on the road
Campbell still trying to find answers for Lions offensive line
With a dozen days of training camp and one preseason game in the books, questions remain about the Detroit Lions offensive line starters. Coach Dan Campbell learned more about the line in the loss at Cincinnati on Thursday. While most starters did not play, including left tackle Penei Sewell, Campbell got a good look at right tackle, rookie Blake Miller and at center Seth McLaughlin who both started.
Colorado business dealing with repeated flooding, suspects nearby construction could be factor
A downtown Evergreen business is preparing for another round of rain after repeated flooding forced it to close and caused tens of thousands of dollars in losses.
Studs and Duds from Falcons' preseason loss to Broncos
Studs and Duds from the Falcons 27-7 loss to the Denver Broncos
'Real Turning Point': How Last Year's NLCS Loss Shaped Jacob Misiorowski
Jacob Misiorowski considers last year's NLCS loss to the Dodgers "the real turning point" leading into his dominant 2026 campaign.
Scientists solve the mystery of a brain “switch” that can trigger weight loss in opposite ways
Scientists have uncovered why two seemingly opposite ways of targeting the same brain receptor can both promote weight loss. In mice, activating the GIP receptor in the brainstem reduced appetite, while blocking it in the hypothalamus removed a kind of “brake” on fullness signals. The discovery helps explain why very different obesity drugs can achieve similar results and suggests that carefully combining GIP-targeting treatments with GLP-1 drugs like those related to Wegovy and Ozempic could produce stronger effects.
Jefferson Health reported a $181.5 million operating loss in fiscal 2026
The health system had a relatively strong finish to the fiscal year, logging its first quarterly operating profit excluding investment income in at least four years.
‘My form of Zionism’: Jerusalem nonprofit helps new olim build businesses in Israel
MATI Jerusalem gives new immigrants the guidance, tools, and confidence they need to launch successful businesses and keep them growing.
Six Flags Entertainment (FUN) Following Wider Losses Is The Fair Value Case Still Intact
Six Flags Entertainment (FUN) has drawn fresh attention after reporting second quarter 2026 results that showed lower revenue and larger net losses compared with the same period a year earlier. See our latest analysis for Six Flags Entertainment. Following the results, Six Flags Entertainment’s share price has moved to $16.68, with a 1-day share price return of 1.46% and a 7-day share price return of 5.90%. However, the 90-day share price return is down 21.76% and the 1-year total shareholder...
New Listen Up Florida campaign warns of hearing loss risks
Florida launches the Listen Up Florida campaign to encourage hearing loss prevention and regular evaluations.
49ers Quarterback Kurtis Rourke Rushed To Hospital After Preseason Opener
The San Francisco 49ers suffered a scare following their 19-13 loss to the Tennessee Titans in their preseason opener. 49ers coach Kyle Shanahan revealed that quarterback Kurtis Rourke was struggling to breathe on Thursday night. As a result, he was sent to the hospital to undergo imaging and make ...
Lighthouse Guild Celebrates Blind Changemakers in Entertainment, Content Creation at Lincoln Center Event
NEW YORK—Lighthouse Guild, a New York-based nonprofit that empowers people who are blind or have vision loss to live independent lives, in partnership with Spectrum, the communications services company, held its 4th annual celebration that focused on the state of content and entertainment creators who are blind, according to an announcement from the organization. Titled Access in Focus: Blind Perspectives on Entertainment, the event brought together blind professionals and accessibility advocates for a timely conversation about inclusion across film, television, theater, music, social media and beyond, the nonprofit said.
Two Surprising Fruits That Boost Heart Health (Without Raising Blood Sugar)
Here's what researchers found when pairing avocado and mango
AI needs science’s search history
“Actually, that’s where the gold is,” said Alasdair Russell, my graduate school friend who leads a pre-clinical genome editing group at Cambridge. He was talking about the winding road of science that is omitted from published papers. “When you’re discussing how to do the experiment, and why this way is better than another way, and what does the data really mean? I know what it shows, but what does it mean?” At RAAIS 2026, he described how his group has begun logging the twisting path of discovery as it happens, recording the verbal and written exchanges that normally disappear. Ideas become nodes in a living graph: they branch when a meeting produces two plausible experiments, merge when separate lines of evidence converge, and go dark when someone quietly stops pursuing them. In his implementation, one agent scores novelty, while another tries to learn “how scientists think and how they navigate through a complex world of data,” so that high-potential nodes can trigger deeper investigation. As frontier AI labs deploy agents toward scientific discovery, giving AI authentic scientific taste remains a trillion-dollar dilemma. The bottleneck is that the record we have kept for centuries of science might be insufficient to get us there. The experiments that never make the paper Peter Medawar, 1960 Nobel laureate and “father of transplantation,” asked in 1963 whether the scientific paper was a fraud, and answered yes: the form of the paper misrepresents the thinking that produced it. Sixty years on, the diagnosis is unchanged. A paper presents a clean progression from hypothesis to result to conclusion. Lost along the way are the unconventional theories, the abandoned or unaffordable methods, and the underwhelming and inconclusive data. It reads like a browser history with every dead end deleted: the ten open tabs, the four rephrased queries, the wrong turn down a subforum. All scrubbed, leaving one clean path from question to answer as the canonical path. What has changed since then is that the discarded material is now worth something. No high-impact journal wants these artifacts, but raw trial and error is the most likely source of the training data required to develop scientific intuition, or what researchers call taste. Earlier attempts to capture the discards were motivated by scientific integrity. The Journal of Negative Results in Biomedicine launched in 2002 to publish rigorous studies that disputed established models or exposed ineffective treatments. Its archive preserved negative conclusions after they had become papers, rather than the live alternatives and arguments that produced them. BioMed Central closed it in 2017, saying the mission had been served now that other journals publish null results. A less generous reading is that in fifteen years it published around 200 papers because almost nobody wants to read a negative result, let alone write one up when it will not count toward academic tenure. AI models are different. Even an uninteresting negative result can be useful, provided it is labeled. Earlier this year, Anthropic put a version of this to the test. The company pulled 129 decision points from real Claude Code sessions between January and March 2026, showed models the work up to a human detour, and asked what should happen next. Claude Mythos Preview beat the human choice 64% of the time, while Opus 4.5 managed 51%. The comparison was tilted toward the models because Anthropic deliberately chose moments where the human decision had room for improvement. On 127 further scenarios where the human action was already strong, the models improved on it only about 20% of the time. The study was possible because Anthropic’s researchers work inside a tool that logs by default. The reasoning, detours and outcome are produced in the same working environment. Biology has no equivalent. Its reasoning happens in hallways, at benches, in Slack threads and on whiteboards, while the outcome arrives weeks later somewhere else. The record has to emerge from the work itself. Ask scientists to reconstruct it afterwards and we’ll create another polished account. Subscribe A log is not a label Before any of this becomes training data, a negative result has to say what failed. The first paper published in the Journal of Negative Results in Biomedicine examined 234 negative studies across five leading medical journals. Only 30% discussed statistical power, and half clearly defined a primary outcome. Tell a model an experiment failed, without telling it whether the assay was underpowered, a reagent had degraded, or the hypothesis was simply wrong, and it will learn noise with confidence. Decision histories have a second missing label too. When a lab considers five experiments and runs one, only the chosen branch returns an outcome. The other four are experimental counterfactuals. Researchers call this the selective labels problem: the data reveal results only for the actions someone chose to take. Such a record can teach a model to imitate a lab’s taste, but it cannot establish that the taste was good. It also smuggles local constraints into general lessons. A lab that never ran cryo-EM because it did not own a microscope teaches a model that cryo-EM is rarely the right call. Alasdair’s nodes preserve the candidate set, which is the necessary first step. To be useful, each decision record needs six fields: The evidence available at that moment, and nothing that arrived later. The candidates considered, including the ones dismissed in a sentence. For each candidate: the expected result, the confidence attached to it, and the cost in time and money. The route chosen, and the reason. What happened next. How the evidence changed the scientist’s view. These must be timestamped before the outcome, because hindsight turns uncertainty into inevitability. Disagreement also has to survive. Averaging three scientists into one clean rationale reproduces exactly the information loss we are trying to fix. But there is an obvious failure mode here. Once decisions are logged and scored, people log for the record post-facto. Anyone who has watched an electronic lab notebook fill up with retrospective tidying knows how quickly a research tool becomes a compliance exercise. A record that costs a scientist ten minutes of honest reflection per decision is worth far more than one that costs an hour of performance. A publication initiative called Registered Reports offers a useful starting point. Here, researchers submit their rationale, methods and analysis plan for peer review before the data exist, and the journal commits in principle to publish if they follow the approved plan. Nature has now expanded the format across every field it covers. This approach to paper writing timestamps intent before the outcome, but it freezes one plan. A useful search history must also preserve how the plan changed, which alternatives were rejected, when, and on what evidence. Subscribe Run the runner-up Autonomous labs show what happens when decisions and outcomes are connected in a loop. Liverpool’s mobile robotic chemist ran 688 experiments over eight days in a ten-variable formulation space. A batched Bayesian search used each result to choose the next experiments and found photocatalyst mixtures six times more active than the starting formulations. Every completed experiment changed what the system did next. The robot optimized within a goal and search space that humans had already chosen. It did not decide which scientific question mattered. So what this work demonstrates is narrower, but still useful: a search history pays off when the options return standardized outcomes quickly. Open-ended biology is harder because branches can take weeks and the discarded alternatives may never be run. Some exploration therefore has to be bought. Where two branches are plausible and the stakes justify the cost, a lab should sometimes run the runner-up. Otherwise the record captures what today’s scientists usually chose and stays silent on what they systematically overlooked. A funder could ring-fence a small fraction of a grant for the branch not taken, provided that the decision record and the outcome are both deposited. That costs money, but so does having every lab rediscover the same abandoned path. Test whether taste transfers When it comes time to evaluate if our new AI system exhibits taste, the comparison should run across laboratories and fields. At selected decision points in a live research campaign, we should freeze the six fields: the evidence, the candidates, expected results, confidence, costs and the choice made. Experts then rank the options before the outcomes are known, and those outcomes are checked independently later. We could give models one of two diets - papers alone, or papers plus decision histories - and ask them to rank the next experiment on unfamiliar projects. Then, we score information gained per dollar and week, calibration, and how quickly weak branches are abandoned. If histories improve choices only inside the lab that produced them, they amount to useful organizational memory. If they improve choices on unfamiliar problems elsewhere, Alasdair’s group will have captured something science has never managed to write down: a transferable record of taste. Until that happens, a scientific search history is a promising record, not yet a training set.
Paige Bueckers scores 22 points as Wings hand Tempo 10th straight loss, 94-88
The Wings ended a three-game skid, their longest of the season.
Lumexa Imaging turns profit in Q2 after previous losses
The Raleigh, North Carolina-based company—previously known as US Radiology Specialists—on Aug. 12 reported financial results for the three months ending June 30.
Jayden Daniels feels ‘profoundly disrespected’ by LSU
Washington Commanders star quarterback Jayden Daniels emerged as a legitimate superstar with the LSU Tigers, blossoming into the eventual No. 1 overall pick and a Heisman Trophy winner. However, there now seems to be a major rift between Daniels and the program. The superstar quarterback is now reportedly refusing to allow LSU to use his…
Nepal maternal and infant mortality increases following loss of US aid, according to health officials
The Associated Press has found that the decision by the United States to slash its foreign aid funding last year has increased pregnancy complications and deaths in Nepal.
Tigers Show Fight But Come Up Short in Loss
Spencer Torkelson’s clutch hitting and Gleyber Torres’s solo blast couldn't overcome Riley Greene’s injury absence and a shaky bullpen in a gritty divisional battle at Comerica Park.
Infleqtion: Losses Are Growing but So Is Its Crucial Federal Quantum Business.
Infleqtion says it remains on track to deliver a ‘utility-scale’ quantum computer later this year.
Madison Square Garden Entertainment (MSGE) Reports Q4 Loss, Tops Revenue Estimates
MSG Entertainment (MSGE) delivered earnings and revenue surprises of +69.05% and +17.68%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Blue Jays beat Boston 5-3, hand Red Sox 4th straight loss
Ernie Clement drove in the tiebreaking run in the sixth inning, Brett Bateman had two RBIs and the Toronto Blue Jays beat the Boston Red Sox 5-3.
Space tech: an orbiting market opportunity | Investors Lab
While AI models are excellent at parsing massive amounts of data, they struggle to pivot when faced with unprecedented events — the kind that frequently occur in the vacuum of outer space. Space operations are a zero-tolerance environment where the cost of a software miscalculation can be a total loss of assets or human lives. The solution isn't to abandon the technology, but to pivot toward human-assisted systems where an AI algorithm handles the heavy computational lifting while human experts serve as guides on the ground and remain the ultimate decision makers in aerospace technology. SN's Aaron Tremper takes us there.
The far left hits a wall
The movement had been riding high off a string of primary victories this cycle. But Francesca Hong’s loss Wednesday led to an immediate round of finger-pointing.
Astros Waste Early Opportunities in 4-1 Loss to Giants
It was a costly night in the bay. Not only would Houston lose by a score of 4-1, but they’d also witness an early exit from Jose Altuve who was hit in the left foot on an errant pitch from Carson Whisenhunt during his first AB. Nick Allen would replace Altuve as a result. […]
Recurring Issues Hurt Cleveland Guardians in Loss to Detroit Tigers
The Cleveland Guardians lost to the Detroit Tigers for the first time during the 2026 season.
Trump Media posts massive $238M loss, plans major business pivot
Trump Media & Technology, the company owned by President Donald Trump, posted a $238 million loss over the past three months, prompting the business to pivot to a new focus on users' social media use.
Trump Media posts massive $238M loss, plans major business pivot
Trump Media & Technology, the company owned by President Donald Trump, posted a $238 million loss over the past three months, prompting the business to pivot to a new focus on users' social media use.
Kentucky Little League team faces Indiana in regional elimination game
Kentucky faces Indiana in the Great Lakes Region Tournament of the Little League World Series on ESPN. North Oldham LL is coming off a loss to Ohio.
Red Sox score bizarre run on sacrifice fly without tagging up from 3rd base
Seigler scored a bizarre run for Boston in a 2-1 loss to the Blue Jays on a chaotic, inning-ending double play that resulted in a 17-minute delay as umpires sorted out the whole thing.
Blue Jays win 2-1 to hand the Red Sox their 3rd straight loss
Charles McAdoo homered and Jameson Taillon pitched four scoreless innings before leaving with an injury as the Toronto Blue Jays beat Boston 2-1 to hand the Red Sox their third loss in a row.
Top Obama ally reveals which far-left candidate needs to lose to help progressives win
David Axelrod calls Francesca Hong a "font of zany liberal, faculty lounge exotica" and says her Wisconsin primary loss would help Abdul El-Sayed.
DiJonai Carrington shares the real reason behind her hard foul on Sophie Cunningham
Chicago Sky guard/forward DiJonai Carrington opened up on why she committed the Flagrant 2 foul on Sophie Cunningham that got her ejected from their last game. Carrington swiped Cunningham out of the air on a layup attempt at the end of the first quarter of the Sky’s 86-90 loss to the Indiana Fever on Saturday.
The Emotional Story Behind Connor Swindells’ Determination to Succeed
Shaped by personal loss and resilience, Connor Swindells transformed heartbreak into motivation, pursuing his ambitions with determination while honoring the family members who inspired him to take ch...
Royals bullpen melts down again in loss to Dodgers
Witt and Cags gave it their best effort, but it just was not enough.
'A little grace': Kate Beckinsale pushes back on comments about her weight loss
Kate Beckinsale pushed back on comments about her weight, opening up about grief, loss and a health condition.
Hims & Hers Health (NYSE:HIMS) Exceeds Q2 CY2026 Expectations But Stock Drops
Telehealth company Hims & Hers Health (NYSE:HIMS) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 38.2% year on year to $753.2 million. On top of that, next quarter’s revenue guidance ($890 million at the midpoint) was surprisingly good and 12.4% above what analysts were expecting. Its GAAP loss of $0.37 per share was significantly below analysts’ consensus estimates.
Communities Deserve Access to Inclusive and Climate-Conscious Doula Care
Doula care can drastically improve the quality of care and birth experience for pregnant people facing the climate crisis’s increasing incidences of hurricanes, flooding, and extreme heat. The changing climate directly affects pregnancy health through discrete environmental disasters (such as wildfires, extreme heat, hurricanes, flooding, and droughts) and indirectly through long-term changes in the natural and social environment (such as air quality and forced migration). Environmental disasters can cause psychological distress for pregnant and post-pregnant people due to financial and personal loss, as well as the disruption of infrastructure that they rely on such as housing, health care, work, communication, and transportation. Potential adverse pregnancy outcomes include low birthweight, preterm birth, miscarriage, and neonatal mortality.
Chrissy Metz Talks '& Juliet' and New Music, Shares Health Update
Chrissy Metz, “This is Us” and “The Hunting Wives” star, joins TODAY to open up for the first time about her decision to use GLP-1 medication and announce her new partnership with health care company Ro. Metz details why she was originally skeptical around weight loss drugs, shares how the medication has improved her life, dishes on performing in “& Juliet” and teases new music in the works.
Yankees' Trent Grisham: Goes deep in loss
Yankees' Trent Grisham: Goes deep in loss
Perez Hilton Needs Surgery After ‘Significant Blood Loss’ And Injuries, Family Says
Celebrity blogger Perez Hilton was hospitalized late Tuesday after fans called the police during a disturbing TikTok livestream.
Los Angeles Angels Announce Mike Trout Change During Marlins Series
The Los Angeles Angels are coming off a 7-0 loss Saturday against the Miami Marlins, setting the stage for Sunday’s matchup to decide who takes the weekend series. Ahead of Sunday’s game, which will feature Grayson Rodriguez for the Angels and Ryan Gusto for the Marlins, Angels manager Kurt Suzuki made a few tweaks to […] The post Los Angeles Angels Announce Mike Trout Change During Marlins Series appeared first on HEAVY.
NIH head quarrels with CBS host over loss in public trust on health issues
Jay Bhattacharya's interview ended up similar in tone to the one by Robert F. Kennedy Jr. last week on CNN.
Perez Hilton is 'serious but stable' and will need surgery, family says
Hilton's family says he experienced significant blood loss and will require surgery. His condition is "serious but stable."
John Goodman looks nearly unrecognizable in new photo after years of dramatic weight loss
A new photo with David DeLuise shows John Goodman looking nearly unrecognizable after years of lifestyle changes, weight loss and sobriety.
Low-interest disaster loans available to area small businesses, nonprofits
Local small businesses and nonprofits impacted by severe storms July 4 may apply for low-interest federal disaster loans to offset economic losses
Reds' Chase Burns: Tagged for five runs in loss
Reds' Chase Burns: Tagged for five runs in loss
Flutter Entertainment (FLUT) On Guidance Cuts And Losses Still Looks Undervalued
Guidance cut, net loss and delisting put Flutter Entertainment in focus Flutter Entertainment (NYSE:FLUT) is under close watch after a Q2 2026 net loss, a cut to full year revenue guidance and confirmation that its shares now trade only on the New York Stock Exchange. The shift in guidance reflects higher investment to build U.S. market share and the impact of specific sports results on revenue. These moves, together with the London delisting, are shaping how investors reassess Flutter...
Tigers' Kevin McGonigle: Reaches four times in loss
Tigers' Kevin McGonigle: Reaches four times in loss
Braves' Matt Olson: Goes long in Friday's loss
Braves' Matt Olson: Goes long in Friday's loss
Vigor embraces ‘unfinished business’ as Wolves chase another state championship in 2026
Fueled by the sting of last year's state championship loss, Vigor begins a new chapter in Class 4A with unfinished business and another roster built to compete for a Blue Map.
Late call costs Orioles in 2-1 loss to Rangers
Replay review failed to overturn a play at the plate, and the Orioles wasted a complete game from Shane Baz.
New uncertainties as owner of stricken Longview mill posts quarterly loss
It's unclear whether financial challenges at Japan-based Nippon Paper will affect the restart process at its Longview mill, which shut down following a fatal accident in May.
U.S. Lost 23,000 Jobs In July, But Entertainment Industry Saw An Uptick
The U.S. economy lost 23,000 in July, while the unemployment rate fell slightly to 4.1%. The figures showed declines in local government education and retail trade, according to the figures from the Bureau of Labor Statistics. The job loss was unexpected, with analysts estimating a gain of as much as 100,000. Jobs in movies and …
U.S. Lost 23,000 Jobs In July, But Entertainment Industry Saw An Uptick
The U.S. economy lost 23,000 in July, while the unemployment rate fell slightly to 4.1%. The figures showed declines in local government education and retail trade, according to the figures from the Bureau of Labor Statistics. The job loss was unexpected, with analysts estimating a gain of as much as 100,000. Jobs in movies and […]
PENN Entertainment Q2 Earnings Call Highlights
PENN Entertainment (NASDAQ:PENN) reported record second-quarter retail revenue and raised its full-year outlook for the segment, while management said its interactive business continued to narrow losses through lower marketing spending, cost efficiencies and growth in online casino operations. Chie
Flutter Entertainment (FLUT) Stock Faces Margin Squeeze Despite Steady Revenue
Flutter Entertainment walked into this earnings print with a stock that has quietly drifted lower over the past month, yet the immediate reaction has been almost flat. The share price edged only 0.1% higher to about US$93, even as the company reported a sharp squeeze in adjusted EBITDA and a group net loss in the quarter. The market mood looks numb rather than shocked. Traders appear focused on the profit hit from heavier U.S. marketing and higher taxes. The more patient question is whether...
Las Vegas police union focuses on mental health, family support after officer’s death
LAS VEGAS, NV (KSNV) — As the Las Vegas Metropolitan Police Department grieves the loss of Officer Austin Abdelnabi, the Las Vegas Police Protective Association
Dietitians Share What to Know About Drinking Lemon Water for Weight Loss
Lemon water isn’t a standalone solution, but it can indirectly support weight loss goals.
Memphis business community reacts to PGA Tour exit in 2028
Some members of the business community provide feedback about how the loss of the PGA Tour Championship Series will impact Memphis.
Xeris raises outlook despite posting $31.1 million loss
Executives argue the loss reflects a one-time accounting charge to clear outstanding debt rather than the drugmaker's performance.
What's wrong with the Dodgers? Defending MLB champs post 6 straight losses despite Tarik Skubal trade
The Sports Report: Dodgers drop their sixth in a row
After learning catcher Dalton Rushing will be sidelined by a torn UCL, the Dodgers fall to the Cubs for their sixth straight loss.
Padres' Fernando Tatis: Homers late in loss
Padres' Fernando Tatis: Homers late in loss
After Michigan Loss, AIPAC Weighs a Second Effort to Defeat El-Sayed
The pro-Israel organization spent $32 million in an unsuccessful effort to defeat Abdul El-Sayed in Michigan’s Democratic Senate primary. It might try again in the general election.
PAMT Q2 loss exceeds $7.4 million, revenue up 8%
Tontitown-based carrier PAMT Corp posted a loss but a revenue gain in the second quarter as market conditions allowed for “a meaningful sequential increase” in rates for the first time...
Source: The Pirates release Marcell Ozuna, cutting their losses after a disastrous signing
MILWAUKEE — Marcell Ozuna’s time in Pittsburgh has officially come to an end. The Pirates released Ozuna on Wednesday, a source told the Post-Gazette....
Flutter Entertainment CEO Jackson to Step Down, Says Company
Flutter Entertainment said Chief Executive Peter Jackson is stepping down, while lowering its profit outlook and swinging to a loss as its U.S. business continues to struggle.
Flutter Entertainment CEO Jackson to Step Down, Says Company
Flutter Entertainment said Chief Executive Peter Jackson is stepping down, while lowering its profit outlook and swinging to a loss as its U.S. business continues to struggle.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. 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