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Rooftop solar: Good for the community and for business
Not all rooftop solar panels arrive with fanfare and ribbon-cutting. Earlier this month, passersby tipped the RoundTable to a solar story quietly
The 10 hottest movies to see in summer 2026: 'Spider-Man,' 'Odyssey' and more
Summer’s here and the time is right for sitting quietly in a dark theater.
Federal health department withdraws controversial vaccine panel changes
The U.S. Department of Health and Human Services quietly withdrew revisions to a key vaccine advisory panel after a federal judge ruled officials exceeded their authority in a seeking vaccine changes.
Cold and rainy Memorial Day weekend leaves business struggling in Lake George
A rainy holiday weekend with temperatures in the 50's led to Lake George being mostly quiet this weekend. It was a pretty quiet lake without the influx of boats out on the water.
Franchising has quietly made countless Americans rich
In the age of AI, running a McDonald’s may soon look a lot more appealing
EA Quietly Retires The Sims Medieval
It appears that Electronic Arts has quietly retired one of the of The Sims Spin-Off titles from 2010. We're most certainly talking about the timeless classic
The Indie Era: Why Independent Creators Are Rewriting the Rules of Entertainment
/PRNewswire-PRWeb/ -- We, at Mortfield Industries, believe that something has quietly broken open in the entertainment industry, and it wasn't a studio...
Black Women, Beauty Politics and the Power of Rage in 'Is God Is'
In one of the film’s most surreal scenes, the twins at the center of *Is God Is*—Racine, “the Rough One,” and Anaia, “the Quiet One”—pretend to be strippers for a room full of men. But while Racine is welcomed, Anaia is rejected because her scarred face disrupts the men’s fantasies. That moment crystallizes one of the film’s central questions: What happens when Black women refuse to shrink themselves for the comfort of others? In Aleshea Harris’ Gothic revenge thriller, ugliness becomes both a burden and a source of power, as the film transforms into a stereotype-busting meditation on misogynoir, beauty politics and righteous rage. As the twins travel cross-country seeking vengeance against the father who burned their mother alive, Harris layers the conventions of the revenge genre with distinctly Black feminist aesthetics. The film moves between absurd comedy, trap music, intimate sisterhood and brutal violence while interrogating the ways Black women are expected to manage their pain, suppress their anger and perform acceptability. Anaia’s scarred face and Racine’s consuming rage become mirrors of the same misogynoir that shapes Black women’s lives—whether through beauty standards, domestic violence or the demand to remain silent. What makes *Is God Is* so striking is its refusal to look away from the “ugly.” Harris insists that Black women marked by violence, scars and fury still deserve visibility, complexity and even divinity. The film embraces the “angry Black woman” and the “ugly” Black woman as figures worthy of space, power and humanity. In doing so, it expands the tradition of Black feminist filmmaking by asking viewers to confront the realities dominant culture would rather ignore—and to recognize the beauty, dignity and selfhood that exist beyond respectability.
Bond breakout? Big effects of bad data. Immigration and thermostatic politics & dad-chat is coming for dad-books.
Thank you for opening your Chartbook email. Anna Airy, A Shell Forge at a National Projectile Factory, Hackney Marshes, London, 1918 Bond breakout - John Authers Across the developed markets, bond markets are staging a slow-motion car wreck. Looking at the drastic moves in the US, Japan, the UK and France, Barclays’ Ajay Rajadhyaksha commented: “Last week, long bonds broke. Not in one country. In all of them. Simultaneously. Four countries. Four different political systems. Four different central banks. But the same trade — “get me out of duration!”” Each country has its own contributing political problems, but the uniformity of the shift out of long-term bonds with high duration makes clear that something broader is afoot. For Rajadhyaksha, it is “simple and uncomfortable.” The developed world “has too much debt, too little fiscal discipline, and no political appetite for fixing either.” If there’s a trigger, it has been the Iran war and the resulting shock to oil supply. Source: Bloomberg G7 countries are now borrowing at rates that were enjoyed by EM in the early 2020s For contributing subscribers only. Subscribe Trade between China and Russia has grown in recent years For contributing subscribers only. Subscribe Big effects of bad data A decade ago nearly nine in ten Americans, when approached, agreed to fill out the Current Population Survey, which is administered to about 60,000 households each month and asks about, among other things, employment. Fewer than seven in ten do so now (see chart 1). For the Consumer Expenditure Survey, which tries to capture 3,700 households monthly, the response rate is down from 68% to 40%. … When the information becomes less reliable, investment decisions get more difficult to make. Some may be delayed, creating a potential drag on the economy. A new working paper by Nicholas Bloom of Stanford University, Erica Groshen, former head of the Bureau of Labour Statistics (BLS) now at Cornell University, and Duncan Hobbs and Michael Strain of the American Enterprise Institute, a think-tank, hazards an estimate. Preserving trust in “the integrity and quality of official statistics”, the authors claim, generates economic benefits of about $25 for every $1 spent on the BLS, the agency with an annual budget of $700m that is responsible for many of these data. To arrive at their conclusion the quartet analysed an ignoble episode in the BLS’s recent history. On August 1st 2025 Donald Trump sacked Erika McEntarfer, appointed as the agency’s commissioner by his predecessor, Joe Biden. The president alleged, without evidence, that the BLS’s steep downward revision to recent jobs numbers had been “RIGGED in order to make the Republicans, and ME, look bad”. In fact, it was the wanton dismissal that looked bad in the eyes of many observers. In the following seven days there was a 50% leap, relative to the week before, in the average value of the index of Economic Policy Uncertainty (EPU), which tracks the number of articles mentioning such uncertainty that are published daily in American newspapers. This was a discernible jump even when compared to the chaos caused by Mr Trump’s trade war in April 2025 and his real one in Iran in the past two months (see chart 2). Based on Mr Bloom’s earlier study with other colleagues of the EPU’s impact on business investment, industrial production and employment, the authors estimate that the jump reduced American GDP by over $100bn (0.3%) and non-farm payrolls by 168,000 (0.1%). Source: The Economist Immigration and thermostatic politics (Sarah O’Connor in the FT) A strange thing happened a year and a half ago. No sooner had Americans elected Donald Trump as president on an explicitly anti-immigration platform than US public opinion began to swing much more favourably towards immigration. … to political scientists who study “thermostatic” politics, this development is no surprise at all. Public opinion often moves against the prevailing party, especially if they are perceived to have gone “too far” in one direction. The phenomenon was first explored in the 1990s with reference to fiscal policy, but in recent years it has been particularly evident in the realm of immigration policy. While these swings in opinion polls can make it seem as if people don’t know their own minds, they can be a useful democratic check on governments by sending bright flashing warning lights when policies stray too far from the public’s comfort zone. The problem comes when politicians misinterpret those signals. When people tell pollsters they want less immigration, or think it is bad for the country overall (or the converse), they are often expressing an opinion about how things appear to be going in that moment relative to their preferences, rather than a deep shift in their underlying views. According to Alexander Kustov, a political scientist, most Americans’ views are quite stable and moderate: they support immigration that is controlled and in the national interest, and oppose flows that are disorderly or under-enforced. In the US, he argues the Trump administration over-interpreted dissatisfaction with high immigration under Joe Biden, and implemented policies that went too far for many voters. “People don’t necessarily change their idea about their ideal immigration policy, but they can react to what the government is currently doing,” he told me. “A lot of people are not happy with what the Trump administration are doing — right now we’re not talking about border enforcement, we’re talking about people not just getting harassed, but killed.” But similarly, he added, pro-immigration advocates would be making a mistake to interpret the recent, more favourable swing towards immigration as a deep-seated ideological shift in attitudes. The recent history of UK immigration policy offers another cautionary tale. After the 2016 Brexit referendum, public concern about immigration fell. This was partly because net migration statistics declined, but also because people felt a sense of catharsis and control, says Sunder Katwala, director of British Future, a think-tank. By 2019, the public ranked immigration as only the ninth biggest issue of concern, according to Ipsos polling. But when the Conservative government liberalised visa routes for students and care workers between 2019 and 2022, that helped net migration to surge. And so, too, did public concern. Today’s Labour government has implemented another sharply restrictive turn in immigration policy. As Kustov and researcher Caitlyn Yates argue, thermostatic public opinion should be a useful check on politicians. Instead it seems to have helped to magnify the pendulum swing in the UK. The government over-interprets and overreacts to a change in public opinion, which reacts in turn, prompting a sudden swing the other way. Source: Financial Times HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Anna Airy, Shop for Machining 15-Inch Shells: Singer Manufacturing Company, Clydebank, Glasgow, 1918 Racing for a vaccine … we have been here before! The deadly Ebola outbreak in two African countries driven by a virus species with no vaccine has triggered an urgent search for a potential jab, in a test of troubled global efforts to avert threats posed by emerging diseases. A World Health Organization advisory group is due to would meet on Tuesday to recommend candidate jabs to prioritise for clinical trials, the global health body said. It will assess data including an analysis by the Coalition for Epidemic Preparedness Innovations (Cepi), which was set up after failures in the international response to a previous Ebola crisis. The latest Ebola outbreak in Democratic Republic of Congo and Uganda has infected hundreds of people and killed more than 80, health authorities say. Cepi’s reaction will be a crucial indicator of its progress towards its wider goal of producing vaccines for pandemic threats in just 100 days, despite steep cuts to international health funding. “If there was ever a time that we could show the world why Cepi is needed and show the world why the 100-day mission is needed, it’s now,” Nicole Lurie, the organisation’s executive director for preparedness and response, told the FT. “We’re happy to accept that responsibility, but obviously we need help from partners — particularly financial help in the long run.” DR Congo and Uganda would make the final decision on whether to press ahead with any vaccine candidates endorsed for clinical trials by the WHO experts, the global health body said. “Other ethical and community acceptability issues will be considered,” said the WHO, which declared the latest outbreak a public health emergency of international concern on Sunday. “This will be important to make sure that the trial, if it happens, will be adequately communicated to the population.” Lurie said Cepi had provided information from a survey of research teams and companies working on drugs that might be effective against the Bundibugyo virus behind the outbreak. The organisation hoped soon to announce partners in the quest for a jab, she added, although she declined to give a timescale for when one might be developed. Cepi’s Nicole Laurie said global health bodies were ‘getting some live-fire drills’ with hantavirus and the latest Ebola outbreak. The hunt for a vaccine should be helped by scientific advances including the use of artificial intelligence to find drugs active against viruses, Lurie said. Existing jabs against the Zaire Ebola virus responsible for many previous outbreaks might provide a basis for tackling the Bundibugyo species, she added. “We’ll see how far and how fast we can get,” Lurie said, adding that Cepi had done preliminary work recently on a possible jab for the rat-borne hantavirus responsible for a recent fatal outbreak on a cruise ship. “Both with hantavirus and now with Ebola, [we] are getting some live-fire drills.” Source: Michael Peel in the Financial Times Dad-chat is coming for dad-books. (By Pamela Paul and Jeffrey A. Trachtenberg in the WSJ) They were the go-to gifts for Father’s Day: a book about some little-known chapter of World War II, the sweeping narrative of a shipwreck, perhaps the latest presidential biography. These days, dad books are a dying breed. Nonfiction book sales have been in decline for the past four years, and are now the most challenged segment of the print book market. Publishers say certain types of books still fare well—including celebrity memoirs and religious titles. But in recent years, print sales in such categories as biography, current affairs and business and economics—what publishers refer to as “serious nonfiction” and which tend to resonate especially with men—have fallen considerably. Sales of nonfiction print titles were down nearly 8% through May 9 this year, and sales of books about politics and current affairs were down 19%, according to book tracker Circana BookScan. Publishing has long been subject to cyclical changes, with trends in format and genre taking over bookshelves in grand sweeps. (Remember the adult coloring-book craze? Or the stratospheric rise of romantasy?) But many in publishing believe the decline in serious nonfiction is more existential. “The trend couldn’t be clearer,” said Jonathan Karp, the former chief executive of Simon & Schuster and publisher of the new Simon Six imprint. “This is a sea change and people should wake up and realize we’re living in a new world.” One culprit for the shift: a new media diet for fans of more serious nonfiction. … Sixty-two percent of men and 54% of women consumed a podcast in the prior month, according to a recent survey by Edison Research at SSRS, up from 46% and 39%, respectively, in 2023. “When we have internal meetings to talk about this problem, it always comes around to podcasts,” said Jonathan Burnham, president and publisher of the Harper Group at HarperCollins Publishers. “The man who wants to read American history is now tuning into one of the many good podcasts about history that lends the quiet attention to a serious subject he’s looking for. It makes the idea of sitting down with a 700-page Ron Chernow book less appealing. You’ve scratched that itch.” Source: Wall Street Journal Remarkable report by Novara from the nationalist rally in London in mid May. Anna Airy, Leopard Moth and Plums, 1915 If you’ve scrolled this far, you know you want to click: Subscribe
A Colorado startup just raised $30 million on a quiet bet that astronauts won't actually be the ones building the moon's first permanent base — robots will get there first
The first permanent structures on the moon will almost certainly be built by robots, not astronauts. That is the bet Lunar Outpost, a Colorado-based robotics company, just convinced investors to back with a $30 million Series B — funding aimed at delivering a new lunar rover called Pegasus by the end of 2027, with a […]
Meta quietly launches a new Reddit-like app called Forum
The company describes the app as a "dedicated space built for deeper discussions, real answers and communities you care about."
Meta quietly released a new Reddit-like app called Forum
Meta is testing a new dedicated app for Facebook Groups called Forum.
Bonus 228: The $1.776B Political Question
Every so often a story comes along that is so brazen, so cleanly emblematic of the moment we are living through, that staying quiet about it feels like a kind of complicity unto itself. Monday’s announcement by the Department of Justice that the Acting Attorney General has unilaterally created a $1.776 billion “Anti-Weaponization Fund” to compensate so-called “victims of lawfare” is one of those stories. And the reason I want to write about it here, in a newsletter ostensibly devoted to the Supreme Court and the law and politics surrounding it, is that I’m increasingly worried that we’re asking the wrong institution to save us from one of the most offensive, alarming, and anti-constitutional things we’ve seen from any president in American history. As I explain below the fold, the Anti-Weaponization Fund is not principally a legal problem awaiting a judicial fix. It is a shockingly egregious political abuse—the President suing his own government, purporting to settle with himself, and routing nearly $2 billion from the Treasury to his own supporters as a not-so-subtle (and not-so-formal) reward, if not an incentive, for political violence. And the Constitution’s answer to political abuses of this kind and magnitude is a political remedy, not a legal one. In his majority opinion in NFIB v. Sebelius (the Affordable Care Act case from 2012), Chief Justice Roberts defended the Court’s endorsement of Congress’s power to adopt the individual mandate by noting that it is “not our job to protect the people from the consequences of their political choices.” As much of a judicial supremacist as I am, that sentiment is, for better or worse, an entirely correct (and, in the long term, normatively desirable) institutional assessment. One can believe in substantial judicial power without believing that literally every political dispute in our country can and should be resolved by unelected judges. The real upshot of this latest headline (among so, so many other similar headlines) is that it is past time to reinvigorate impeachment—not because conviction is realistic in this Senate, or even because impeachment itself is feasible in this House, but because forcing every member of Congress to vote on the record whether this brazen, corrosive, and affirmatively dangerous corruption is impeachable is itself a point worth fighting for (and fighting with our friends over). Assuming the courts will save us absolves our political leaders of both responsibility and accountability for allowing this kind of mischief to continue, and it absolves all of us of our responsibility to refuse to tolerate those who would just as quickly shrug their shoulders and move on. For those who aren’t paid subscribers, we’ll be back (no later than) Monday with our continuing coverage of the Supreme Court. For those who are, please read on.
Sony Quietly Increased the Price of PlayStation Plus Extra and Premium Subscriptions, Too
Sony has quietly increased the price of the PlayStation Plus Extra and Premium subscription tiers as well as the Essential tier, having suggested only the Essential tier would get more expensive.
Pung! Clicking Tiles and the Business of Mahjong
At tables across O‘ahu and around the state, women are quietly building something more than mahjong hands — they’re building networks, businesses and above all, camaraderie.
RFK Jr. terminates heads of preventive services task force amid overhaul
US Health and Human Services Secretary Robert F. Kennedy Jr. quietly removed the two top leaders of a key preventive services panel last week as he seeks to overhaul its membership.
Google's AI is being manipulated. The search giant is quietly fighting back
A BBC investigation revealed a simple way to get AI chatbots to spit out misinformation. Google and other AI companies are now trying to fix the problem.
Google quietly nerfed its AI Pro plan, and here's what you get now
Google claims a fairer approach, while users call it a "scam."
Yoshi and the Mysterious Book developer finally revealed
Nintendo has been keeping quiet about the developer behind Yoshi and the Mysterious Book, but that information is now confirmed.
The art of science on display at Analog Wine Bar
The Carl R. Woese Institute for Genomic Biology’s Art of Science program has a new show up at Analog Wine Bar, and it’s one of those quiet, sneaky-smart exhibits that rewards a second glass and ...
The Adventures of Elliot’s development team has quietly been mastering the modern minigame, and its latest action-RPG once again shows us how it’s done
Coming from Square Enix's Team Asano, The Adventures of Elliot: The Millennium Tales carries on a trend we saw in Bravely Default, Octopath Traveler, and beyond
Houston's new budget could come down to this feud
Two of Houston's top elected officials are quietly plotting ambitions for the next mayor's race.
Swiss Re warns: even quiet hurricane seasons can roar
P&C CEO says the 2026 forecast looks calm — but history has a habit of humbling those who trust the averages
Scientists discovered nature’s own “brakes” deep beneath the Pacific Ocean that may have prevented massive megaquakes
For decades, a strange patch of the Pacific Ocean has quietly puzzled earthquake scientists around the world. Deep beneath the seafloor, near the coast of Ecuador, a massive underwater fault has been producing almost identical earthquakes every five to six years.
Why quiet luxury is giving way to loud, tacky wealth
From Lauren Sánchez to the gold-plated Oval Office to "Mar-a-Lago face," America's elite are embracing louder, flashier displays of wealth.
What Your Brain Is Actually Doing While You Doomscroll, According to Science
If you find yourself endlessly scrolling as you maneuver through the various landmines intent on detonating your attention span, it could mean that you have some kind of digital addiction problem. But it could also mean your mental focus is so strong that you’ve quietly figured out how to treat social media like an external […]
Is AMC Entertainment (AMC) Quietly Recasting Its Premium Content Strategy With Arena One Concerts?
Arena One and AMC Theatres recently launched “Arena One at AMC,” a nationwide, real-time interactive concert format bringing artists like Bebe Rexha, Paris Hilton, Kim Petras, and Maren Morris to more than 300 U.S. locations, while AMC also reported first-quarter 2026 revenue of US$1.05 billion and a reduced net loss of US$117.1 million. This combination of an immersive live-concert product and year-on-year improvement in quarterly results highlights AMC’s efforts to broaden content...
Microsoft rejects critical Azure vulnerability report, no CVE issued
A security researcher claims Microsoft quietly fixed an Azure Backup for AKS vulnerability after rejecting his report, and without issuing a CVE. Microsoft disputes the claim, telling BleepingComputer the behavior was expected and that "no product changes were made," despite the researcher documenting a silent fix.
Scientists warn that the world’s rivers are running out of oxygen
Rivers around the world are quietly running out of oxygen — and climate change is emerging as the main culprit. A sweeping global analysis of more than 21,000 river systems found that nearly 80% have been steadily losing dissolved oxygen over the past four decades, threatening fish, biodiversity, and the overall health of freshwater ecosystems. Surprisingly, tropical rivers are being hit the hardest, even more than rivers in rapidly warming polar regions.
Ozzy Osbourne's son says celebrities should shut up when it comes to politics
The late Ozzy Osbourne’s son Jack said Friday that celebrities should be quiet when it comes to politics.
ASUS Republic of Gamers Announces ROG NUC 16
ROG NUC 16: ASUS unveils a compact gaming PC for gamers and creators. Features Intel Core Ultra, NVIDIA RTX 5080 Laptop GPU, AI-enhanced graphics, QuietFlow cooling, and versatile dual-orientation design. Subscribe to ASUS Pressroom for the latest tech updates!
A ‘Devil Wears Prada 2’ Actor’s Performance Is Drawing Backlash — And His Wife Isn’t Staying Quiet
Reviews of "The Devil Wears Prada 2" have been mostly positive, but this one character has divided the film's fans.
Google's slimmed down Gemini model is quietly winning AI customers
Vercel CEO Guillermo Rauch highlights Google's Gemini Flash model's rise in AI demand, overtaking Anthropic in Vercel's AI Gateway.
Talking Business with Becky Bradley: Quiet fixes, big results across the Lehigh Valley
These projects in Lehigh Valley’s transportation plan may have smaller price tags, but will have huge impacts.
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
A 47-year study reveals when strength and fitness start to fade
A groundbreaking Swedish study that tracked people for nearly 50 years has revealed when the body’s physical decline quietly begins. Researchers found that fitness, strength, and muscle endurance start slipping around age 35, with the decline accelerating over time. But there’s an encouraging twist: adults who became active later in life still improved their physical performance by up to 10 percent.
Apple's iPhone 18 Modem Switch Comes With a Quiet Privacy Benefit
Rumors suggest Apple plans to expand Apple-designed modems to the entire iPhone 18 lineup, ending support for Qualcomm modems. The transition will bring speed and efficiency improvements, along with a little-known privacy benefit. In iOS 26.3, Apple added a Limit Precise Location setting that cuts down on the amount of location data that's available to mobile networks, improving user privacy.
New Science Plan Spurs DWR Efforts for Longfin Smelt
Tucked within the UC Davis campus, a quiet but critically important effort is helping preserve the Longfin Smelt, a vulnerable fish species native to the Sacramento–San Joaquin Delta. Scientists with DWR and UC Davis are collaborating to better understand and conserve this declining species through immediate conservation actions and long-term research.
Hantavirus Is Scary. Your Daily Habits Are More Dangerous.
Why rare diseases like hantavirus generate fear while heart disease, loneliness, obesity, and poor sleep quietly cause far greater harm.
Google is quietly turning Gemini into a productivity OS, and it's awesome
The silent takeover
What Americans quietly stopped buying in April
Shoppers pulled back on spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the […]
Why America’s Family Businesses Are The Quiet Engine Driving The Economy
Byron D. Trott, chairman and co-CEO of BDT & MSD Partners and advisor to many billionaire-owned companies, discusses why Forbes’ inaugural list of America’s top family companies matters now more than ever.
Gambling Addiction: Growing Mental Health Concern Fueled by Online Betting, Prediction Markets
As May’s National Mental Health Awareness Month shines a spotlight on emotional well-being, one issue is quietly gaining urgency: gambling addiction.
This Underrated Spy Thriller Just Returned and I’ve Never Hit Play Faster
A long-awaited spy thriller series has quietly returned with a new season that’s already climbing the streaming charts. Get all the details here.
You can now buy Moto Tag 2 with UWB in Android Find Hub, longer battery life
Announced earlier this year, Moto Tag 2 has quietly gone on sale in recent weeks with UWB support in Android...
Digital Dividends: How Maryland’s Entertainment Scene is Embracing New Currencies
Maryland has always been a hub for high-stakes excitement, from the historic tracks at Pimlico to the modern floors of the state’s six major land-based gaming destinations. However, a quiet shift i…
Democrats vow to fight Senate Republicans' $1 billion security proposal for White House ballroom
While most GOP lawmakers have remained quiet on the proposal as they spent their recess out of Washington, some have publicly questioned whether they would support it.
Scientists say this common sweetener may be quietly rewiring your metabolism
Researchers say fructose is not just “empty calories” — it may actively push the body toward fat storage and metabolic disease. A new review found that fructose affects the body differently from glucose, disrupting normal energy regulation and promoting processes linked to obesity, insulin resistance, and cardiovascular problems.
Scientists discover Earth has a hidden eighth continent
For centuries, humanity believed Earth had only seven continents, but scientists now say a massive hidden landmass nearly 1.9 million square miles wide has been quietly sitting beneath the South Pacif...
Could Dominic Lovett Become the Lions’ Next Surprise Weapon?
The Detroit Lions already boast one of the NFL’s most explosive offenses, but every great unit eventually needs an unexpected contributor to emerge. Heading into 2026, Dominic Lovett may be quietly positioning himself to become Detroit’s next surprise weapon out of the slot.
Is Autodesk (ADSK) Using Small-Business Flex Pricing To Quietly Redefine Its Competitive Moat?
Earlier this month, Autodesk Inc. launched “Autodesk for Small Business,” introducing a Small Business Hub, product refinements across AutoCAD, Revit, Fusion, and Flow Studio, plus more flexible Autodesk Flex token and pricing options in the US and UK. The initiative materially lowers onboarding complexity and upfront commitment for small firms, potentially broadening Autodesk’s customer base while giving these users a clearer feedback channel into future product development. Next, we’ll...
Mitt Romney makes his quiet return to national politics
Since retiring in early 2025, Mitt Romney avoided national politics — until his old friend Susan Collins needed help.
Warning: Instagram DMs Lose End-to-End Encryption Starting Today
As of today, end-to-end encryption for Instagram direct messages is no longer available. DMs that you send to people on Instagram will no longer feature full encryption, and your conversations are not protected from Meta. Meta can potentially see what's in messages shared between users on Instagram, and that information can be shared with law enforcement agencies worldwide. End-to-end encryption has been an opt-in messaging feature on Instagram since 2023, but Meta quietly removed it.
Airfare is up 15%, gas is past $4, and SAP Concur data shows business travel is quietly breaking
Business travelers are skipping the car rental entirely in favor of train travel.
A PvP Analysis on Community Day Oinkologne
Sorry ol’ JRE has been quieter of late, Pokéfriends. Just been a very busy (and occasionally very stressful) couple of months as we approach the midway point of 2026 (already?!), and the time to write with now three high schoolers and all else going on has just taken a hit. I haven’t covered all the […]
Samsung devices getting an uncommon Security Policy update
Users of Samsung phones and tablets are seeing a rare May 2026 Security Policy update in South Korea. It’s available across Galaxy S and Galaxy Tab lineup, but don’t expect a wider availability outside Samsung’s home ground. Unlike standard firmware updates that require a full OTA package, this update quietly refreshes Samsung’s security policy files […]
Long Hours, Big Impact: St. Mary’s Celebrates Small Business Month
LEONARDTOWN, Md. — For Mike Hewitt, the reality of small business was learned long before adulthood — in the quiet hours of a Saturday morning, when work came first. During the May 5 commissioners meeting, Hewitt reflected on decades spent working alongside his father, sharing a lesson that began long before most people started their […]
Benicia's local businesses thrive with support from the community
Benicia is a quiet little town where everyone seems to know each other. A place where small local businesses can flourish with the support of the community.
Robin Wall Kimmerer's Braiding Sweetgrass is still an essential read
This 2013 book by an Indigenous botanist is a quietly urgent act of healing that forces Western science to look at the world in a different way
The Supreme Court broke democracy by saying the quiet part out loud
SCOTUS has lost its sense of when to shut up.
The Supreme Court broke democracy by saying the quiet part out loud
SCOTUS has lost its sense of when to STFU.
Google readies ‘AI Ultra Lite’ plan and explicit ‘usage limits’ for Gemini
Google is quietly preparing a new "AI Ultra Lite" subscription tier to slot between its $20 Pro and $250 Ultra plans.
7 Indiana state senators face Trump-backed primary challengers after bucking him on redistricting
Trump's intervention has shined a bright national spotlight on what are usually quiet Republican primaries for Indiana state Senate seats.
AI executives from have earned and sold off massive stock awards
CoreWeave is one of the most successful among a crop of firms delivering the infrastructure for AI. Its top execs have quietly sold off shares.
Microsoft quietly scrubbed its 32GB RAM gaming recommendation after gamers called it out
People weren't a fan.
Trump keeps saying the quiet part out loud on changes to the 2026 election
President Donald Trump’s latest gerrymandering push is an extremely desperate partisan power grab that would invalidate votes already cast.
Inside the Quiet Republican Effort to Flip Court Fetterman
As the Pennsylvania Democrat increasingly is isolated within his own party, Republicans are quietly trying to win him over.
Barcelona’s insane scoring run puts history within reach
There is no denying that Barcelona have built something relentless in La Liga this season. While results often grab the headlines, it is their consistency in front of goal that is quietly turning int...
McDonald’s is quietly ditching a popular in-store feature nationwide
McDonald's is quietly ending self-serve soda fountains nationwide, shifting drink prep behind the counter as it modernizes restaurants across the country.
The creepy feeling in old buildings might have a surprising cause
A hidden force may be quietly shaping how you feel—and you’d never even know it. Infrasound, an ultra-low-frequency vibration below the range of human hearing, is everywhere from traffic to old buildings. In a small experiment, people exposed to it became more irritable, less engaged, and even showed higher levels of the stress hormone cortisol—despite having no idea it was present. The findings suggest our bodies can “sense” these vibrations without conscious awareness, potentially explaining eerie sensations in places like basements or supposedly haunted buildings.
Malaria didn’t just kill early humans, it shaped who we became
Long before humans spread across the globe, a deadly disease may have quietly shaped where our ancestors lived—and even how we evolved. New research reveals that malaria didn’t just threaten early human survival; it actively pushed populations away from high-risk regions across Africa, fragmenting groups over tens of thousands of years. This separation influenced how different populations met, mixed, and exchanged genes, helping shape the genetic diversity we see today.
Crowd shrinks as Berkshire Hathaway's new CEO leads the annual meeting for the first time Saturday
Attendance drops and a quieter tone mark Berkshire Hathaway's first annual meeting under CEO Greg Abel, as Warren Buffet steps back from leading the event.
Emma Raducanu shares vague health update
British tennis player Emma Raducanu has not played since losing at the BNP Paribas Open at Indian Wells to Amanda Anisimova on March 8. Since then, she has been sidelined with an illness. Raducanu had been quiet on social media…
Scientists Warn That This Common Pet Fish Can Wreck Entire Ecosystems
Goldfish may seem harmless—but under the right conditions, they can quietly transform entire ecosystems.
College sports sponsorships are quietly shaping what fans buy
44% of college sports fans say sponsorships favorably influence their purchase decisions, according to February data from Big Chalk.
The Trump team is quietly eliminating U.S. support for birth control abroad
Congress has allocated more than $500 million for family planning work internationally. The Trump administration hasn't spent it — and the consequences are already being felt.
‘Make me miss California’: In deleted tweets, Senate candidate Mallory McMorrow disparaged Middle America
As Democrats brace for a bruising primary in Michigan’s US Senate race, Mallory McMorrow, one of the party’s top contenders, has quietly deleted thousands of old tweets — including posts in which she took jabs at the rural Midwest, lamented ever leaving California, and said she continued to vote there after she said she’d moved permanently to Michigan.
Military Quietly Accelerates Boat Strikes, Deploying More Aircraft
The military has increased the number of secret fixed-wing attack aircraft and armed MQ-9 Reaper drones, according to two people familiar with the matter.
Harvard scientists link gut bacteria to depression through hidden inflammation trigger
A gut bacterium may be quietly fueling depression through an unexpected chemical twist. Researchers found that when Morganella morganii interacts with a common pollutant, it produces a molecule that triggers inflammation—something strongly linked to depression. This finding helps explain how gut microbes can influence brain health at a molecular level. It also raises the possibility of new treatments that target the immune system rather than just the brain.
This common habit could be quietly hurting men’s fertility, experts warn
Experts warn that cannabis use can negatively affect male fertility by lowering sperm count and quality, but the effects may be reversible over time.
Your daily coffee habit may be quietly reshaping your gut and mood, study finds
A new study from APC Microbiome Ireland finds that habitual coffee consumption alters gut bacteria, influencing mood, stress and cognitive sharpness.
No. 4 on the list of Tampa Bay’s Most Powerful Politicians: Ed Hooper
'With decades of experience and a deep understanding of the process, Ed Hooper quietly drives results where it matters most.'
Status symbols men are obsessed with in 2026
Status symbols for men in 2026 are all about looking sharp and evoking quiet luxury. Leather bags and tailored designer suits are just two examples.
Knicks-Hawks takeaways: CJ McCollum hits game-winner to give Atlanta 2-1 lead; KAT goes quiet
Tesla’s Quiet Moneymaker, Its Battery Business, Suddenly Stalls
The company’s energy storage sales saw rapid growth, until an unexpected slowdown this year.
How Teaching Wilderness Science in Yellowstone Inspired a Fantasy Novel in Victorian London
It was around sundown when, after putting my eighth graders in their tents for quiet time, the grizzly bear came charging into camp. This was not a totally unusual occurrence in Yellowstone—after…
Yankees Birthday of the Day: Joe McCarthy
Remembering the quiet, unassuming man who led the Yankees to seven titles.
Why Business Owners Delay Exit Planning
Most business owners know they should plan their exit—but identity, fear of loss, and complexity quietly make it far harder than it seems.
Microsoft Teams and Outlook are getting significant changes soon
Teams is about to feel very different with major UI changes for the toolbar and performance tweaks, while Outlook quietly adds smart Copilot features you might rely on daily.
World's largest collection of Olympiad-level math problems now available to everyone
Every year, the countries competing in the International Mathematical Olympiad arrive with a booklet of their best, most original problems. Those booklets get shared among delegations, then quietly disappear. ...
SRAM Quietly Releases Eagle S-Series Drivetrains That Are Not T-Type
A Half Mount UDH Plate adds protection to non T-Type derailleurs
Cool nights, quiet frogs: The science behind spring peepers
Did you hear the spring peepers last week? Conditions outside wereperfect for them to reemerge after winter and kick off their nightly chorus.But this week, yo
Independent bookstores make quiet comeback as big chains dominate retail
About 422 indie bookshops opened in 2025, up 31%, defying predictions of retail consolidation
Microsoft Is Quietly Opening the Windows 11 Taskbar To Third-Party AI Agents That Can Act On Your Desktop
Microsoft launches AI Agents for Windows 11 taskbar supporting third-party options, enhancing productivity with Microsoft 365 Researcher and more.
This behind-the-scenes New Orleans tech company quietly powers $12 billion in transactions
"There are great business leaders in the city, but there's this parochial colonialism that's stifling to progress," its founder says.
'Atmosphere inside Stamford Bridge growing quieter with each game'
There were chants of "we want our Chelsea back" during a protest march before kick-off - then the chorus spread to the stands during the second half of the defeat by Manchester United. The frustration from supporters is understandable, given Chelsea have now lost their past four Premier League games without scoring - their joint-longest run since November 1912. Chelsea head coach Liam Rosenior admitted his side face a "mountain to climb" in their pursuit of Champions League qualification, after the latest 1-0 loss to United left them four points off the top five, having played a game more.
Report: Romano claims full future agreement for Liverpool star
Robertson Exit Looms as Liverpool Face Summer ShiftThere is a quiet inevitability to the way football moves on. At Liverpool, where eras tend to be defined by consistency and identity, the prospect of...
Think AI "knows" what it’s doing? Scientists say think again
Calling AI things like “smart” or saying it “knows” something might sound harmless, but it can quietly mislead people about what AI actually does. A new study shows that news writers are more careful than expected, rarely using strongly human-like language. When they do, it often falls on a spectrum—sometimes describing simple requirements, other times hinting at human traits.
Got $5,000? This Boring Waste Business Might Be a Quiet Multimillionaire Maker by 2036.
Republic Services is in the business of trash, but its long-term potential is anything but junk.