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Germany Politics
German Chancellor Friedrich Merz attends the cabinet meeting at the chancellery in Berlin, Germany, Wednesday, May 27, 2026. (AP Photo/Markus Schreiber)
Germany Politics
German Chancellor Friedrich Merz attends the cabinet meeting at the chancellery in Berlin, Germany, Wednesday, May 27, 2026. (AP Photo/Markus Schreiber)
UC Davis Researcher Explores How Brain Development Shapes Teen Mental Health
Amanda Guyer, professor in the Department of Human Ecology and a faculty researcher at the Center for Mind and Brain, is helping uncover how brain development influences the way children and adolescents respond to social and emotional challenges. She is this month’s guest on Face to Face With Chancellor May.
University commencement isn't the place for politics
The purpose of a commencement ceremony isn't political persuasion, writes Daniel Diermeier, chancellor of Vanderbilt University.
UNO will soon launch a search for its next leader as it joins the LSU System
UNO, set to rebrand as LSU New Orleans, will launch a national search for a permanent chancellor after it joins the LSU System.
President Daniels in WSJ op-ed: Get the federal science money flowing
JHU president, University of Kansas chancellor urge federal agencies to release congressionally appropriated funds to fuel America's research engine
Britain Politics
Britain's Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves visit a children's activity centre in Essex, England, Thursday, May 21, 2026 to support families and help ease
Rachel Reeves tells foul-mouthed Reform UK heckler good manners matter
Chancellor wins support from Conservative Mel Stride, while Farage says he’d ‘like to buy man a pint’
Nicole Wertheim, Philanthropist and Champion for Public Health, Dies at 82
Join us in remembering Nicole Wertheim, a visionary whose transformative gift ignited a movement at UC San Diego. From founding our school of public health to receiving the Chancellor’s Medal, her legacy of spirit and generosity will inspire students and shape a healthier world for generations.
Germany Politics
A girl protests during German Chancellor Friedrich Merz's speech at a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday,
Germany Politics
German Chancellor Friedrich Merz, second right, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026.
Germany Politics
German Chancellor Friedrich Merz, center, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026. (AP
Germany Politics
German Chancellor Friedrich Merz, center, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026. (AP
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
University and business leaders weigh a college degree’s value
“On average, after 10 years, the median UCI student is making about $106,000 a year with very little debt. Most of them, within a few years, are earning more than their parents.” UC Irvine Chancellor Howard Gillman
SUNY Chancellor Highlights Mental Health and Wellness
SUNY Chancellor John B. King Jr. spotlighted Mental Health Awareness Month by highlighting events on campus that promote mental health awareness.
Germany Politics
German Chancellor Friedrich Merz attends for the cabinet meeting at the chancellery in Berlin, Germany, Wednesday, May 13, 2026. (AP Photo/Markus Schreiber)
Germany Politics
German Chancellor Friedrich Merz leads the cabinet meeting at the chancellery in Berlin, Germany, Wednesday, May 13, 2026. (AP Photo/Markus Schreiber)
Interactive Mental Health Resource Finder Launched
In observance of Mental Health Awareness Month, SUNY Chancellor John B. King Jr. today launched the SUNY Mental Health Resource Finder to help support students, faculty, and staff, as well as...
Germany's businesses frustrated by economic decline
No one had higher hopes for Friedrich Merz's chancellorship than the German business community. Meanwhile, however, early euphoria has given way to bitter disappointment.
Germany's business community is frustrated and disillusioned
No one had higher hopes for Friedrich Merz's chancellorship than the German business community. Meanwhile, however, early euphoria has given way to bitter disappointment.
Vanderbilt University chancellor warns schools are too political
Vanderbilt University chancellor Daniel Diermeier criticizes schools for prioritizing political activism over education on 'Fox News Live.'
New chancellor named at LSUA, ex-New Orleans City Council president leads pro-Ukraine program
Take a look at some of the recent promotions and new hires announced at south Louisiana businesses.
German Business Leader Criticizes Merz for Poor Reform Record
The head of Germany’s Chambers of Commerce and Industry sharply criticized Chancellor Friedrich Merz for his poor reform record, calling the conservative leader’s ruling coalition dysfunctional and unreliable.
University of Staffordshire boss steps down over health concerns
The university said the process to recruit a replacement vice chancellor will begin in due course.
Why Donde Plowman says Neyland Entertainment District is good for Tennessee
UT Chancellor Donde Plowman called Neyland Entertainment District a \
Germany Politics
German Chancellor Friedrich Merz, center, speaks to Rabbi Yehuda Teichtal, left, and the media as he arrives for a board meeting of his Christian Democratic Union, CDU, party at the
Germany Politics
German Chancellor Friedrich Merz, center, speaks to Rabbi Yehuda Teichtal, left, as he arrives for a board meeting of his Christian Democratic Union, CDU, party at the the Pears Jewish
Germany Politics
German Chancellor Friedrich Merz speaks to media as he arrives for a board meeting of his Christian Democratic Union, CDU, party at the the Pears Jewish Campus in Berlin, Germany,
Germany’s Merz downplays rift with Washington despite US troop drawdown
German chancellor says criticism of Donald Trump's strategy in Iran unrelated to troop withdrawal announcement.
Pentagon orders withdrawal of 5,000 U.S. troops from Germany as Trump escalates feud with Merz
The Pentagon confirmed the withdrawal of approximately 5,000 U.S. troops from Germany as tensions between Trump and Chancellor Merz intensify.
US withdrawing 5,000 troops from Germany after chancellor criticized war with Iran
The Pentagon said on Friday the US will be withdrawing roughly 5,000 troops from Germany over the next year.
Richard Sherman and Kam Chancellor’s Legion Sports Bar shuts down in Bellevue
Legion Sports Bar, an establishment anchored and operated by Seattle Seahawks legends from the “Legion of Boom” era, is officially closing its doors after three years.
Trump Threatens to Pull Troops From Germany as He Lashes Out at Merz
The comments came after the German chancellor said that Iran has “humiliated” the United States.
San Francisco State University Partners with UC Law San Francisco to Expand Downtown Presence - UC Law San Francisco (Formerly UC Hastings)
SFSU’s Lam Family College of Business will use classroom and office space at 198 McAllister Street to establish a new downtown campus. San Francisco State University (SFSU) and UC Law San Francisco have reached an agreement that establishes a new downtown home for SFSU’s Lam Family College of Business at UC Law SF’s Academic Village. The agreement places SFSU business students in close proximity to leading employers, industry partners and transit hubs, enhancing opportunities for internships, networking and career advancement. The UC Law SF Academic Village is a shared-campus model designed to foster collaboration among higher education institutions and contribute to San Francisco’s ongoing revitalization. San Francisco State University (SFSU) and UC Law San Francisco have reached an agreement that establishes a new downtown home for graduate business programs from SFSU’s Lam Family College of Business at UC Law SF’s Academic Village. The agreement creates a new downtown campus location for SFSU, giving students direct access to San Francisco’s thriving business environment. Beginning in Fall 2026, graduate business students will take classes at the UC Law SF building at 198 McAllister Street, at the nexus of the Civic Center, Mid-Market and Tenderloin communities. Under the agreement, SFSU will occupy 3,200 square feet of exclusive teaching and office space and will share additional classrooms with UC Law. The move positions students in close proximity to leading employers, industry partners and transit hubs, enhancing opportunities for internships, networking and career advancement. “This partnership is an example of the growing strategic collaborations that expand opportunities for our students,” said SFSU President Lynn Mahoney. “By situating graduate business programs in the city’s urban core, we will help students build connections, gain experience and achieve their goals for meaningful careers and upward mobility.” Students enrolled in select Lam Family College of Business graduate programs will have access to the Academic Village’s modern classrooms, conference facilities, library, study spaces and resident and event support services. The site also includes lounges, on-site dining and newly built, fully furnished, apartment-style housing for students and professionals. As institutional partners, SFSU College of Business students and alumni are eligible for tuition discounts if they enroll in the UC Law SF Master of Legal Studies program, designed for professionals whose work intersects with the law. “San Francisco State University is an excellent addition to our Academic Village, and we are excited to have the Lam Family College of Business join us in the fall,” said UC Law SF Chancellor & Dean David Faigman. “The partnership advances UC Law SF’s commitment to collaborate with California’s other great public schools and adds vibrancy and energy to the heart of the city. Our students and programs will benefit from the interdisciplinary opportunities that will arise.” The UC Law SF Academic Village is a shared-campus model designed to foster collaboration among higher education institutions and contribute to San Francisco’s ongoing revitalization. The Lam Family College of Business will begin occupying its new space there in July 2026, with classes beginning in August. The move continues SFSU’s longstanding presence in downtown San Francisco and reflects a broader effort to align academic programs with the needs of both career-minded students and the region’s expanding and evolving workforce. For more than 60 years, the Lam Family College of Business has delivered high-quality, AACSB-accredited business education across the San Francisco–Silicon Valley region. Its graduate programs — including the MBAand the STEM-designated Master of Science in Business Analytics and Master of Science in Accounting and Analytics — are designed to help students develop the skills they need to navigate the complex challenges of a global, data-driven economy. About San Francisco State University San Francisco State University is a public university serving students from the San Francisco Bay Area, across California and around the world, with nationally acclaimed programs that span a broad range of disciplines. More than 20,000 students enroll at the University each year, and its more than 304,000 graduates have contributed to the economic, cultural and civic fabric of San Francisco and beyond. Through them — and more than 1,300 world-class faculty members — SFSU proudly embraces its legacy of academic excellence, community engagement and commitment to social justice. For more information, visit sfsu.edu. About UC Law SF UC Law San Francisco is a public law school of the University of California, founded in 1878 as the first law school in the UC system. Located in San Francisco’s Civic Center, it offers a comprehensive legal education with a strong emphasis on experiential learning, public service and professional preparation. Through its Academic Village, UC Law SF brings together students, faculty and partner institutions in a collaborative campus environment in the heart of the city. Other Academic Village partners include UC San Francisco, UC Davis, the University of San Francisco and the University of the Pacific Dugoni School of Dentistry. For more information, visit www.uclawsf.edu.
Rachel Reeves considering rent freeze to limit Iran war fallout
Exclusive: Sources say chancellor is examining exceptional measures to protect household budgets
Transforming Animal Care, Advancing Human Health
Chancellor Gary S. May issued the following letter today (April 24):To the UC Davis Community:Late yesterday we celebrated another historic gift: $75 million from Kathy Chiao and Kenneth Hao — the second largest individual gift ever made to the UC Davis Weill School of Veterinary Medicine.
Barbara Entwisle joins American Academy of Arts and Sciences
The sociologist and former vice chancellor for research was among 252 elected to one of the nation’s oldest honor societies.
Germany Politics
German Chancellor Friedrich Merz attends the opening event for the annual Girls' Day, a nationwide initiative empowering young women to explore diverse career paths, at the Chancellery, in Berlin, Germany,
Rachel Reeves warns other budgets may be cut to lift defence spending
Chancellor says she is ‘working through a range of options’ to boost the armed forces but does not want to put up taxes
UK’s Reeves to Set Out Plans to Help Business With Energy Bills
The UK government will set out plans to boost the competitiveness of businesses at a time of rising energy bills, Chancellor of the Exchequer Rachel Reeves said, while warning against heavy government borrowing.
Kristin Eschenfelder named interim dean of UW College of Letters & Science
Professor and Academic Associate Dean Kristin Eschenfelder was appointed as interim dean of the University of Wisconsin College of Letters & Science by Provost John Zumbrunnen, according to an email sent to UW students Thursday. The appointment will be effective May 17, when current Dean of UW L&S Eric Wilcots begins his term as interim chancellor,...
UNC chancellors sidestep political questions at forum on challenges facing higher education
At a forum on challenges facing higher education, UNC chancellors mostly dodged pointed questions about budgets and Trump.
SUNY Commitment to Sustainable Practices Highlighted at FIT Conference
SUNY Chancellor John B. King Jr. today participated in the Fashion Institute of Technology (FIT) Sustainable Business and Design Conference and used the opportunity to celebrate FIT’s leadership in...
UNC releases statement on Trump's executive order to reform college sports
UNC chancellor Lee Roberts and AD Bubba Cunningham released a joint statement in response to President Donald Trump's executive order on college sports.
UNC releases statement on Trump's executive order to reform college sports
UNC chancellor Lee Roberts and AD Bubba Cunningham released a joint statement in response to President Donald Trump's executive order on college sports.
Animal Sciences Faculty Wendie Cohick Among Eight Rutgers Researchers Named 2026 AAAS Fellows
Wendie Cohick, Vice Provost and Vice Chancellor for Research, Rutgers-New Brunswick and faculty in the Department of Animal Sciences, is one of eight Rutgers faculty named to the 2026 class of American Association for the Advancement of Science (AAAS) fellows. Cohick and her Rutgers colleagues were among the 500 scientists, engineers and innovators spanning 24 scientific […]
Chancellor Miranda authors Science editorial
Her article, “Higher education must bridge the AI gap,” appeared Thursday, April 2.
Rachel Reeves signals that support package for household energy bills won’t kick in until autumn
Chancellor says the government is looking at ways they can support people based on household income
UK’s Reeves Urges G-7 to Boost Energy Supply as Starmer Meets Businesses
UK Chancellor of the Exchequer Rachel Reeves will urge Group of Seven partners to boost domestic energy supplies and warn the recent surge in oil and gas prices is playing into Vladimir Putin’s hands.
Mark Nordenberg to step down from his leadership roles with the Institute of Politics and Dick Thornburgh Forum
The chancellor emeritus, who has long been a driving force behind the wide-ranging civic initiatives, will also serve as the University’s 2026 spring commencement speaker.
DOE Chancellor finds Albany allies supportive of smaller class size fixes
Schools Chancellor Kamar Samuels wants the full four-year extension of mayoral control passed in the state budget.
No fuel shortage in Britain, says minister, as Reeves prepares to set out economic response to Iran war
Energy minister Michael Shanks reassures drivers ahead of chancellor’s statement to MPs
New dispute emerges around Subnautica 2’s early access release
Lawyers for the ousted—and now partially reinstated—leadership team of Unknown Worlds, the studio behind Subnautica 2, are crying foul over news that the game will be released into early access in May. The release announcement earlier this week was made improperly, potentially “damaging the game and sowing additional confusion among the Subnautica community,” the lawyers said in a letter sent on Tuesday to Vice Chancellor Lori Will of Delaware’s Court of Chancery. In their letter, the lawyers also floated the idea of asking Will to find Krafton in contempt of the court’s ruling. The letter was sent just one day after Will’s bombshell ruling that publisher Krafton had breached its contract with Unknown Worlds’ executive team, when it fired them last June. The new issue isn’t necessarily the May early access timeframe, but how the news was announced. The letter and Krafton’s response have not been previously reported. A quick recap of prior events: Subnautica 2 is an unreleased, underwater survival adventure and the most-wishlisted game on Steam. Last year, longtime Unknown Worlds CEO Ted Gill, along with studio co-founders Charlie Cleveland and Max McGuire, were fired by Krafton. They swiftly sued, saying the publisher had terminated them to avoid paying out up to $250 million in potential performance-based bonuses. The studio leaders had hoped to earn that with an early access release of the game, which Krafton had blocked. The publisher argued in court that Subnautica 2 wasn’t ready, which the ousted execs disputed. On Monday, Will ruled that Krafton had violated its contract, firing the execs to avoid the performance payouts, and that it had to reinstate Gill and give him full authority over any early access release for Subnautica 2. On Tuesday, IGN reported on a new memo issued that day to Unknown Worlds staff by Steve Papoutsis, the executive Krafton had put in charge of Unknown Worlds after the 2025 firings. In the note, Papoutsis said that Subnautica 2 had passed a key development milestone “last week” and that he and Krafton had determined the game “is ready for Early Access release in May.” This news appeared to catch the lawyers for Gill, Cleveland and McGuire by surprise. On Tuesday night, they sent a letter to Will expressing “serious concerns” about whether it would be possible to forge an agreement with Krafton consistent with the judge’s order. Papoutsis’ memo was a problem, they wrote. He didn’t have the authority to declare anything about Subnautica 2’s release. As of 9am ET on Monday, March 16, the effective date of Will’s order, Papoutsis wasn’t CEO of Unknown Worlds. Gill was. And, per Will’s order, only Gill could make Subnautica 2 release decisions. They continued: Krafton self-servingly announced the launch without any regard to its impact on the game, the team, or the community—let alone this Court’s Opinion. Announcing the release of a game is momentous, and it is typically accompanied by significant marketing activity, fanfare, and community coordination. And most importantly, the announcement is carefully designed to maximize excitement for the game. That entire process was supposed to be driven by Mr. Gill. However, in defiance of the Court’s Opinion, Krafton has now taken that away, further damaging the game and sowing additional confusion among the Subnautica community. The lawyers speculated that Krafton had “intentionally leaked” Papoutsis’ memo and then issued an official statement to confirm the leak. Game File is a reader-supported publication. My reporting is only possible through support from readers like you. To support my work, consider becoming a free or paid subscriber. Subscribe On Wednesday, lawyers for Krafton defended their client in their own letter to vice chancellor Will, saying nothing they did violated her order nor showed contempt: Papoutsis’s message was simply celebrating the UW employees’ efforts toward a past event: Krafton’s pre-Opinion determination that Subnautica 2 was ready for Early Access release. There was nothing improper about conveying the results of the milestone review or thanking the development team for their dedication and talent. They added that Gill could still make his own call about Subnautica 2’s release: In his role as CEO, Gill will be able to assess independently his views on the state of Subnautica 2 and the appropriate release schedule; nothing in Papoutsis’s message alters Gill’s authority or discretion. Vice chancellor Will has not responded to the letters and doesn’t necessarily have to. Both parties were previously ordered by Will to confer this week and submit a proposed judgment consistent with her ruling. The letter from Gill’s attorney’s this week doesn’t indicate whether he would or would not support a May release for Subnautica 2. But it could limit his options. And, if Gill’s lawyers are right, the lack of marketing fanfare around the leak of the May date could dull the launch of the game. Any harm to Subnautica 2’s launch is an extra sensitive issue given the context of the legal dispute: millions of dollars of payouts are on the line, tethered to the scale of the game’s initial performance. In her ruling on Monday, Will noted that there was obvious “bad blood” between Gill’s side and Krafton but that the two would need to work together: “They can—and must—act in good faith to navigate their remaining contractual relationship.” Item 2: A new kind of couch co-op game A highlight of GDC each year is the Alt.Ctrl showcase that features games played with extremely experimental controllers. Perusing this year’s offerings last Friday, I found a game controlled with giant scissors, another with big toothbrushes and one that amounted to dumpster diving. My favorite was Pivot, a co-op game about collectively maneuvering a couch. It was developed by students at the University of Utah’s masters of arts and engineering games program. Players lift and tilt the physical couch in order to control the position of a virtual one. That virtual one is moving through an obstacle course on-screen, while being pursued by a giant skull. Developer Nishant Verma told me at GDC that the couch is made of styrofoam (this became more evident as I watched!) and that the name was a riff on an episode of the sitcom Friends. Item 3: In brief… 🚫 Ubisoft is laying off more than 100 workers at its Red Storm studio, as the North Carolina location known for decades for its Tom Clancy games, ceases in-house game development, VGC reports. 👀 On Monday, Nvidia’s revealed its DLSS 5 AI-driven graphics technology that purports to improve game graphics… and it has been roasted about it by the media and the online gaming public for the remainder of the week. The tech changed the faces of characters in footage from Resident Evil Requiem, Hogwarts Legacy and EA Sports FC, drawing accusations of giving carefully art-directed games the generic look of AI “slop.” Nvidia CEO Jensen Huang had said on Monday that “DLSS 5 is the GPT moment for graphics—blending handcrafted rendering with generative AI to deliver a dramatic leap in visual realism while preserving the control artists need for creative expression.” By mid-week, Huang was telling Tom’s Hardware that the new tech’s critics were “completely wrong” because game-makers could still “fine-tune the generative AI” to suit their game’s aesthetics.
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