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Canadian prime minister suspends trade talks with U.S., setting new 50% tariffs in motion
The import taxes will apply to hockey sticks, building materials, liquors and certain kinds of clothing.
MPs ‘failing to learn lesson’ over freebies after accepting £400,000 of hospitality
Tickets included £858 to a Harry Styles concert at Wembley; £1,839 to the Chelsea flower show and £3,432 of hospitality at the Brit Awards
Get tickets to the 2026 Louisiana Energy Awards
Some of the biggest names in the energy industry will be honored this fall as Business Report’s 10/12 Industry Report hosts the Louisiana Energy Awards, recognizing the leaders, companies, and projects driving the state’s energy future. Honorees will be announced at a high-profile celebration on Wednesday, Nov. 18, 2026, at L’Auberge Casino & Hotel in Baton Rouge, […]
Why I permanently retired my Fire Stick after connecting a spare Android phone to my TV
My Fire Stick is now redundant
Hot Ticket: From the Big Top to the beach
Double the thrills: Landry’s Select Club members can get twice the amusement for the price of one this weekend during a special promotion at the Galveston Island Historic Pleasure Pier.
AFC Rival Gets Reality Check About Potential Broncos Trade Candidate
The Denver Broncos have a deep WR room, but they could opt to stick with Troy Franklin and Marvin Mims Jr. amid potential interest. The post AFC Rival Gets Reality Check About Potential Broncos Trade Candidate appeared first on HEAVY.
OpenAI is gaining on Anthropic with business users, new data indicates
Businesses are willing to flop back and forth as each lab releases new models, volatility that should give both companies' investors pause about how "sticky" enterprise AI spending really is.
NCT 127 Brings Their 5TH TOUR ‘NEO CITY: SEOUL THE REDLINE’ To Cinemas
NCT 127 are coming to a theater near you on Sunday, September 20. Tickets for NCT 127 5TH TOUR ‘NEO CITY : SEOUL -THE REDLINE’ in CINEMAS go on sale Thursday, August 27.
U.S. sports fans spend about $2,000 a year on their favorite teams—many find themselves in debt as a result
As football season approaches, many Americans are planning to take on debt to pay for tickets, memorabilia, parlays and more.
KKR Invests In Indian Live Entertainment Company BookMyShow
Global investment firm KKR has signed definitive agreements to acquire a minority stake in Indian ticketing and live entertainment company BookMyShow, an
US Open ticket prices compared to summer sports events as prices soar
U.S. Open ticket prices are drawing complaints from fans as resale costs for even basic entry continue to climb.
Does giving a camera wings dodge the FCC’s drone ban?
The HoverAir Versa found a loophole in the FCC’s drone ban. But it might not stick.
The ReTerminal Sticky Is An E-Paper Display Begging You To Hack It
While companies like Xteink have found an unlikely audience with hackers and tinkerers, Seeed Studio is actively cultivating one.
Scientists pinpoint the chemicals behind a cat's signature urine smell
And how they help that pee smell stick around.
How to secure Bad Bunny tickets for final Puerto Rico shows before they sell out
Bad Bunny will perform two final shows at Hiram Bithorn Stadium in San Juan on Aug. 22 and 23.
Flyers Prospect's Clock Officially Ticking, Starting with New Contract Extension
KKR to buy stake in India's BookMyShow amid live entertainment boom
Global investment firm KKR will buy a minority stake in Indian ticketing and entertainment platform BookMyShow, the companies said on Wednesday, betting on a surge in demand for concerts and live events in the world's most populous nation.
KKR to buy 6% stake in India’s BookMyShow for up to $50 million, source says
By Vibhuti Sharma Aug 19 (Reuters) - Global investment firm KKR will buy a stake of about 6% in Indian ticketing and entertainment platform BookMyShow for $40 million to $50 million, a source told Reuters on Wednesday, as demand for live events soars...
Oil edges up on uncertainty over exports through Hormuz
Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships.
Entertainment Listing: Aug. 19
Wednesday August 19 Hangar 9 • Carbondale Jazz in the Park – Ramp Station Jazz Band, 6 p.m. Karaoke, 8 p.m. PK’s • Carbondale Trivia, 8 p.m. Little Nashville • Marion Advertisement Trivia, 6 p.m. Thursday August 20 Booby’s • Carbondale Open Mic Karaoke, 8:30 p.m. Hangar 9 • Carbondale Stick Gilbert, 4 p.m. Loose...
Why AMC Entertainment (AMC) Shares Are Trading Lower Today
Shares of theater company AMC Entertainment (NYSE:AMC) fell 3.7% in the afternoon session after it reported a spike in app and site outages during the “Dune: Part Three” ticket drop, on a weak day for risk assets. Forbes, citing Downdetector, said more than 1,000 outage reports came in after tickets went on sale, mostly against the mobile app — crash-on-launch, “Failed to fetch,” and rate-limit errors. The operational miss hit a high-demand IMAX/IMAX 70mm release and is a reminder that AMC’s app
Palm Springs moves to let all cannabis lounges serve food, host entertainment and ticketed events ⋆ The Palm Springs Post
As the city's cannabis tax revenue continues to decline., elected officials voted unanimously to advance rules allowing up to 24 ticketed events a year.
Congress wants to depoliticize disaster aid. Politics may stand in the way.
A bipartisan push to stymie partisan discrimination in disaster assistance could be complicated by election-year politicking.
Collectors Want A Stick-Shift, Lamborghini’s Boss Says That’s Exactly The Problem
Lamborghini's boss has ruled out a manual comeback even as McLaren and Ferrari race to bring three pedals back
Scientists put tiny backpacks on crayfish
However, keeping tabs on these four-inch-long freshwater creatures can get a bit sticky.
Reporter's Notebook: Daylight saving time fight puts Senate up against a ticking clock
Trump urged Republican senators to release holds on the Sunshine Protection Act, but lawmakers from northern states raise concerns about dark mornings.
Best Buy Customer Support Removed A 32GB DDR5 RAM Stick From Gaming Laptop After Charging Full Amount For The 64GB Configuration; Says Upgraded RAM Incompatible
Best Buy customer support reportedly removed a 32GB DDR5 RAM stick from a customer's gaming laptop after charging for a full 64GB setup, claiming incompatibility
Naturally Sparkling: The Science Behind Pet-Nat Wine
This week’s Northern Express — sister publication of The Ticker — is the Ingredients issue, featuring stories about our farmers, growers, chefs, bakers, and winemakers. In the lattermost category, a few local wineries are trying their hands at a 500-year-old winemaking process, pétillant-naturel, or pét-nat. What makes it different from traditional wine styles are three main components: …
5 bizarre ways space experts want to clean up Earth’s orbit
Sticky satellites? Space harpoons? Robotic tentacles? Laser cannons? Space lassos? The fight against space junk continues
Former Washington Football WR Gets Chance With Kansas City Chiefs
Former Washington Huskies wide receiver Omari Evans continues to make a case for himself sticking with the Kansas City Chiefs.
Logan Webb Shares True Feelings on Dodgers’ Tarik Skubal Trade
The Los Angeles Dodgers ticked off the baseball world with their trade for former Detroit Tigers starting pitcher Tarik Skubal. Los Angeles sent outfielder Zyhir Hope, right-handed pitcher River Ryan, and right-handed pitcher Brady Smith to the Tigers for Skubal.Nonetheless, while the San Francisco Giants aren’t in the playoff picture after being sellers at the […] The post Logan Webb Shares True Feelings on Dodgers’ Tarik Skubal Trade appeared first on HEAVY.
Republican National Committee announces lottery for midterm convention tickets
Organizers expect 20,000 attendees at the event.
Is there a summer COVID-19 surge this year? Yep, it's ramping up again
Just like all previous summers since the pandemic began, COVID-19 cases are ticking up again, even while other health threats make more headlines.
McLaren Revives Manual in First Stick-Shift Supercar Since F1
Meet the McLaren McL 6GT. The company hasn't built anything like it in almost 35 years.
How Rep. Max Miller’s Democratic opponent is navigating a ‘surreal’ political opportunity
Brian Poindexter has built a unique coalition around the establishment and Bernie Sanders and is sticking to his working-class message in a suddenly competitive Ohio race.
The Deals: Influence Media Invests in MENA-Focused Catalog Buyer; Live Nation Makes Moves in Prague
Also: Singapore live entertainment company Triangle Group raises $15 million, Ticketmaster acquires a Uruguayan ticketing platform and more.
BREAKING: Netflix to shut down two more game studios
Netflix is sticking with video games but once again reducing the number of studios it owns making games. The streaming giant is closing Los Angeles-based Night School studio, which it acquired in 2021 and plans to close Helsinki-based Moonloot, which was founded in 2022. Just six weeks ago, Night School had released Unhinged, a novel 30-minute first-person horror game, streamable on TVs to Netflix users. The game was hailed by Netflix co-CEO Greg Peters in a call with investors. Six weeks later, Night School is closing. Prior to its Netflix tenure, Night School had developed the award-winning supernatural thriller Oxenfree. A second Oxenfree game followed after the purchase, as well as a mobile game designed to tie in to an episode of the Netflix show Black Mirror. Netflix attributed the studio closures to a prioritization around kids gaming, party games, story-driven fare and games with mainstream hooks, such as a recently released FIFA game. “We see an opportunity to be more focused in our execution, so we are making organizational changes to the business to match those priorities,” a Netflix spokesperson told Game File. Netflix is also cutting jobs from its internal games team. A rep declined to say how many jobs were being lost by these cutbacks. “We are incredibly grateful to the talented colleagues we’re saying goodbye to today. We thank them for all their contributions to Netflix, and wish them the best,” the rep said. Netflix started releasing video games, initially on mobile as a free bonus to subscribers, in 2021. By 2023, Mike Verdu, then the head of Netflix’s game operations, was telling me that the company was committed to growing carefully, as it offered more games and built up internal game studios. At the time, it hadn’t made any gaming job cuts. Since then, Netflix has altered its approach. In 2024, it shut down Team Blue, a start-up studio led by ex-Call of Duty and Halo developers that was exploring making a high-end first-person game for the service. Last October, Netflix shut down another studio, Boss Fight, shortly after Peters praised the team’s Squid Game game to investors. (One of Boss Fight’s main developers now works on the Netflix FIFA game for outside studio Delphi.) And in December, Netflix sold cozy game studio Spry Fox back to its founders. Amid all of this, Netflix has shifted from emphasizing mobile games to offering games through TVs and PCs, via streamed connections, with phones used as controllers. That’s how Night School’s Unhinged worked, along with games such as Boggle and Party Crashers that have collectively helped the Netflix game controller app chart well on mobile app stores. The studio cuts leave Netflix with a central gaming team that works with external developers, and a dedicated first party studio in, Helsinki-based Next Games, which produced many of the company’s couch-centric party games. The move away from having a roster of internal game studios aligns with Netflix’s own approach to shows and movies, which are largely produced externally. The company owns few TV/film production studios of its own. The gaming industry overall is seeing large holders of multiple studios cut back, with Sony, Ubisoft, Embracer, Microsoft and other giants closing or selling off studios. Cuts in California-based studios, where costs often run relatively high, have been particularly acute. Netflix has faced skepticism about its gaming plans for years. The moves today are likely to fuel them, and the company has few upcoming projects to counter the narrative. Among the few hinted, acclaimed independent studio Don’t Nod said last year it was working on a game tied to a major Netflix franchise.
Arizona Science Center brings the deep sea to Phoenix with immersive experience
Who needs a plane ticket when the deep blue sea is waiting for you right in the heart of the desert?
Republicans see Minnesota fraud scandal as a chance to go on offense in a blue state
The newly minted GOP ticket wasted no time before hammering Democrats over fraud. Dozens of people have been convicted of stealing hundreds of millions of dollars meant to provide food, shelter, healthcare and childcare to people in need.
West Coast Health Alliance sticks with pediatric vaccine schedules despite White House ord
The West Coast Health Alliance says it will continue to endorse the American Academy of Pediatrics’ recommended child and adolescent immunization schedules.
The Porsche 911 Carrera S Manual Is a North America-Only Stick-Shift Special
Was the only thing keeping you from buying a 911 Carrera T a lack of power? Well, your day just got better.
Single Powerball ticket sold in Illinois wins $1.04 billion jackpot, eighth-largest in US history
Wednesday's Powerball drawing produced a single Illinois winner who matched all six numbers to claim the $1.040 billion jackpot, eighth-largest ever.
ArtBeat: Arts & Entertainment Showcase
Your weekly guide to East Tennessee arts, music, theater and entertainment. Aug. 13-19, 2026 On Stage Taylor Made (A Tribute to Taylor Swift) – Bijou Theatre, 7 p.m. Aug. 15. Tickets start at $25. Summer Movie Magic: “Disney’s The Parent Trap” – Tennessee Theatre, 2 p.m. Aug. 16. Summer Movie Magic: “Legally Blonde” – Tennessee […]
Trump’s vaccine order comes with political risks
Click in for more news from The Hill{beacon} Healthcare Healthcare The Big Story Vaccine policies are a political risk that Trump’s sticking with President Trump on Monday abrupt…
Analysis | With Crowley atop their ticket, Wisconsin Democrats hope for a 2026 sweep
The party establishment is breathing a sign of relief that democratic socialist Francesca Hong, who led the pre-election polls by double-digits, will not be topping their ticket.
3 main takeaways from Cowboys’ joint practice with Rams
The Dallas Cowboys got their first opportunity to test themselves against team during Tuesday’s joint practice with the Los Angeles Rams, and there was plenty to like — especially on defense. Facing reigning MVP Matthew Stafford and a Rams team off a trip to the NFC Championship Game provided Dallas with a strong measuring stick before preseason action. The Cowboys defense answered the challenge, creating turnovers and consistently disrupting Los Angeles’ offense.
NMU Sports Hall of Fame Tickets on sale
MARQUETTE, Mich. – Tickets for the 2026 Northern Michigan University Sports Hall of Fame Banquet are now on sale and will remain available through Friday, Sept. 11.
What do fans think of potential minority share sale?
Liverpool fans consider the club to have a specific set of values, centred around its working-class roots. When FSG attempted to raise season ticket prices last season, fans' group Spirit of Shankly (SOS) launched a campaign called 'Not a Pound in the Ground'. It urged fans to buy food and drink from local businesses in the Anfield area rather than inside the stadium.
JaMarcus Shephard to Beaver Nation: "Get your tickets"
This morning, Oregon State's first year head coach spoke with the media. Learn more here.
Knicks championship opener vs LeBron's 76ers draws huge ticket prices
Ticket prices are expected to skyrocket when the world champion New York Knicks open their season against the new-look Philadelphia 76ers.
Ari Emanuel's Mari Acquires ATG Entertainment
Ari Emanuel's events company Mari, founded in 2025, has acquired ATG Entertainment. The West End and Broadway venue owner and ticketing company was acquired for £4.5B ($6B).
Saber's newest game trailer takes a shot at Gearbox's CEO, if you look closely
The first hint that something might be up with the recent debut trailer for Saber Interactive’s Rideshare Stimulator is an unusual choice of words—aside from that second one in the game’s title. “Don’t take your passengers too seriously,” the trailer’s narrator says, as he describes this upcoming game. It a car game about the gig work of driving eccentric people to their destinations, a riff on Crazy Taxi. And then, he says: “When I think I’ve met the randiest of passengers, someone even stranger gets in.” “Randiest”? That suggests “randy,” which usually means having strong sexual desire. Yet none of the oddball backseat occupants featured in the trailer seem particularly lustful. One is an old man who considers his grandson a failure, another shares the theory that birds might control traffic lights, another says he’s banned from an aquarium. A little later, there’s a license plate, shown 63 seconds into the trailer, on the front of an SUV: USB DRV It’s a Texas plate. The symbol between those letters is a cog wheel. If you know, you know. That’s a reference to Texas-based Borderlands game development studio Gearbox Software (their logo features a cog wheel). More specifically, it’s a reference to Gearbox’s CEO Randy Pitchford, who in 2018 found himself explaining the nature of video he’d saved on a USB drive that was found at a Medieval Times restaurant before being returned to the studio: “It was ‘barely legal’ porn. This girl’s handle was ‘Only 18.’” The “girl” in the video had committed a solo sex act that Pitchford, an avid practitioner of magic, found remarkable. “I realized, this is not a sex worker…This is a fucking magician.” Back then, the USB drive was central to competing lawsuits against Gearbox by the studio’s former lawyer and by Gearbox against him. A settlement in late 2019 “exonerated” Pitchford, per the Hollywood Reporter. The USB story has resurfaced at times, now in a trailer from a company that not long ago was corporate brethren with Gearbox. Saber vs. Gearbox The head of Saber told Game File that the reference is payback. “The dig is because Randy took shots at Embracer in Borderlands 4,” Saber CEO Matt Karch told me when I asked him about the license plate. “Without Embracer, Randy is performing magic tricks at birthday parties for a living.” Having interviewed Karch during a cross-country flight in late 2024, I can confirm that Karch was unimpressed with Pitchford during their time both working in the Embracer group. I’d approached him not out of surprise that there was animosity but that it was manifesting publicly now. Gearbox was founded in 1999, worked on a port of Halo early on, and developed hit series such as the loot-based sci-fi shooter Borderlands before it was purchased by The Embracer Group in early 2021 for $363 million (with a possible earn-out of over $1 billion, if certain targets were hit by 2027). Saber was founded in 2001, worked on a remaster of Halo early on, had a big hit with zombie shooter World War Z and was purchased by Embracer in early 2020 for $150 million, with a potential earn-out of up to $375 million. For a few years, the Embracer group was a voracious acquirer of game studios. Then, as investment dried up, it choked. In March 2024, Embracer sold Saber to an investment company controlled by Saber CEO Matt Karch, and it sold Gearbox in an all-stock deal to long-time Borderlands publisher Take Two Interactive. Other studios were shut down. Hundreds of developers were laid off. Gearbox didn’t say much about their Embracer experience, nothing too direct, at least. In the summer 2024, Pitchford told reporter and occasional Game File contributor Nicole Carpenter that Borderlands 4’s story was in some way thematically connected to Gearbox’s experience at Embracer: “There’s this cultural and emotional shift in me, personally, and at the studio. What does it mean to trade some autonomy for organization?” When Borderlands 4 came out, there was something stranger: the matter of “Embracer’s Bluff,” a location in the game featuring an AI-powered toilet and a large trash dump, according to a detailed Kotaku account of the place. Gearbox never commented on it; Take Two never got back to me about it when I asked them last year. By contrast, since Saber exited Embracer, Karch has been one of Embracer’s biggest defenders, casting their management as well-meaning and supportive despite the layoffs and studio closures that resulted from their excessive expansion. Like others, Saber’s Karch saw Embracer’s as a shot. With Rideshare Stimulator’s trailer, he’s returned fire. “It’s amazing to me how fast people forget those who went above and beyond for them,” Karch told Game File. A rep for Gearbox did not comment by press time. Game File is a reader-supported publication. Your backing makes my reporting—including any coverage of trailer-based beefs—possible. Good news! I’m currently running Game File’s first big sale of 2026. You can get a one-year subscription for 23% off. Click here to take advantage of the limited-time offer. And thank you for your support! Item 2: In brief… 🚫 Wal-Mart has laid off the staff of Restart, a games media outlet launched in 2024, Aftermath reports. 🟥 A GTA VI preview is on the way, at last, via an “extended look” that will premiere, unusually, on Netflix at 3pm ET on August 27, then officially go live elsewhere six hours later. Last week, Game File noted that Take Two label Rockstar Games is overdue for showing off GTA VI, based on the timing of the initial hands-off previews of GTA V and Red Dead Redemption 2. During a call with investors, Take Two CEO Strauss Zelnick said pre-orders for GTA VI were “unprecedented and astonishing,” but added the company can’t predict how many of those pre-orders represent bonus sales vs. sales that otherwise would have been made at launch. During the same call, Zelnick was noticeably bullish on the future of playing games over streaming cloud connections (predicting wider adoption in three or so years). He sounded unbothered by Sony’s plans to stop making discs for new games (he said the business is 90% digital already and predicted that there could still be limited edition physical editions of games “in the same way there’s still vinyl in the recorded music business.”) 👀 Take Two wrote off $43 million in their spring quarter after deciding “not to proceed with further development of an unannounced title in its pipeline from a third-party developer.” 🤔 Some rare age-demographics from a big publisher: Capcom recently told investors that “users in their 20s account for approximately half of the users of both Pragamata and Resident Evil Requiem.” Item 3: The week ahead Tuesday, August 11 Game releases: The Elder Scrolls IV: Oblivion Remastered (Switch 2; already out for PC, PS5, Xbox) continues the Bethesda strategy of putting Elder Scrolls games on everything; Royalty Free-For-All is a Smash Bros.-style fighting game featuring public domain characters such as Mother Goose brawling with Oliver Twist in a stage based on the original Little Shop of Horrors movie. Wednesday, August 12 Game release: Pro Jank Footy (PC, console) is an arcade-style Australian Rules Football game with increasingly ridiculous rules, the more you play (I enjoyed the Steam demo) Thursday, August 13 Game release: Super Mario Sunshine (Switch 2, originally released in 2002 on the GameCube) is released for Switch 2’s Nintendo Switch Online service. This game is the black sheep of 3D Mario games. It’s the successor to the breakthrough Super Mario 64 and the rare Mario game built around a single (vacation resort) theme. Mario’s got a water-spraying backpack, a Yoshi pal and a lot of blue coins to collect.
US Open Ticket Prices Surge Despite Sinner, Alcaraz Questions
Ticket prices kept climbing through both stars’ Cincinnati withdrawals.
Lifestyle medicine helps patients make healthy changes stick
Jefferson Health’s Lifestyle Medicine Program helps patients improve sleep, nutrition, stress and movement through practical goals and team-based support.
El Tricolor are back-to-back Concacaf Under-20 champions
Mexico earned a convincing victory over the United States. With a packed Estadio Azteca behind them, the Mexicans secured their ticket to the Los Angeles 2028 Olympic Games by defeating the Americans ...
Business Owners Can Dabble in Bitcoin Mining for Just $49.99
Monitor progress from the built-in touchscreen display.
The rise of socialism and the return of history
Why would Democrats stick to their post-World War II political ways if Republicans won't?
Socialists rising in Colorado? Send in the Marines, GOP nominee says
Victor Marx and retired Marine Col. George Markert form an all-Marine ticket they say can combat what Marx calls the rise of communism in Colorado.
Big Walk's voice chat volume issue has been resolved with its latest patch, but House House are sticking to their guns on its overall design
Tough luck if you're not a fan of its proximity chat.
5 Streaming Devices Cheaper Than The Roku Ultra (After The Price Hike)
Streaming devices that serve as worthwhile alternatives to the Roku Ultra but don't cost as much include TiVo Stream 4K Onn 4K Plus, and Roku Stream Stick 4K.
Dearborn Homecoming resumes with Martina McBride, fireworks Saturday
The 45th annual festival runs from noon to 10:30 p.m. at Ford Field Park, 22051 Cherry Hill Road. Admission is free, though carnival rides require tickets or wristbands.
Democratic voters who used to back Susan Collins aren’t so sure anymore
Sen. Susan Collins (R-Maine) has counted on split-ticket voters to help her win office in a blue state. Some of those supporters are more reluctant to vote for her again.
Ted Cruz’s college sports bill on brink of U.S. Senate vote
The Protect College Sports Act gained a burst of momentum with last week’s support from the SEC and Big Ten, but the clocking is ticking as the Senate prepares to leave town.
Late setbacks cast doubt on Protect College Sports Act as deadline looms
After some late setbacks, the Protect College Sports Act faces long odds as time ticks down before the August Congressional recess
Growing the Game Has Never Felt More Meaningful
Fast-forward almost 30 years, and here I am playing a major role in influencing the next generation of golfers: Being named a national ambassador for Youth on Course. From that gritty Leisure Time course to playing some of the top-ranked golf courses in the country, working alongside the top golf coaches in the world, and even hitting balls next to Tiger Woods and his son Charlie (seriously, here's proof!), this sport has opened so many doors for me. Just like I did nearly 30 years ago with my dad and Uncle Chris, I can create experiences that, hopefully, stick with them for the rest of their lives, too.
Exclusive: Kalshi launches ‘Blanket’ to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’
Lauris Zminsky says "a lot of young people are embracing lottery-ticket economics" — but his new project with Kalshi is totally separate from that.
Nationals' Andrew Alvarez: Sticking around in rotation
Nationals' Andrew Alvarez: Sticking around in rotation
U.S. Lost 23,000 Jobs In July, But Entertainment Industry Saw An Uptick
The U.S. economy lost 23,000 in July, while the unemployment rate fell slightly to 4.1%. The figures showed declines in local government education and retail trade, according to the figures from the Bureau of Labor Statistics. The job loss was unexpected, with analysts estimating a gain of as much as 100,000. Jobs in movies and …
U.S. Lost 23,000 Jobs In July, But Entertainment Industry Saw An Uptick
The U.S. economy lost 23,000 in July, while the unemployment rate fell slightly to 4.1%. The figures showed declines in local government education and retail trade, according to the figures from the Bureau of Labor Statistics. The job loss was unexpected, with analysts estimating a gain of as much as 100,000. Jobs in movies and […]
Companies scoff at airlines' cheapest business class tickets. 'The real value is flexibility'
Some companies plan to shun the cheapest business- and premium- economy fares from their executives.
Take-Two sticks to annual bookings outlook, says on track for 'GTA VI' November launch
Take-Two Interactive maintained its annual bookings forecast on Friday, but reiterated the November 19 launch date for its highly anticipated title "Grand Theft Auto VI", bringing the blockbuster release one step closer to fans.
Concerts, cookoff among free entertainment at 2026 Colorado fair
While there are ticketed acts for the 2026 Colorado State Fair, there's also plenty of free entertainment so families can avoid breaking the bank.
Powerball jackpot soars to $856 million, next drawing Saturday night
Over a million tickets were sold as hopeful players tried their luck, but no one scored in Wednesday’s Powerball jackpot, sending the prize soaring to an estimated $856 million.
Vanderbilt Health physical therapist bound for Nationals after winning four medals at Tennessee Senior Olympics
Vanderbilt Health physical therapist Grant Schlisner, PT, DPT, Cert. MDT, won four medals in the recent Tennessee Senior Olympics, which qualifies him to compete in the national Senior Olympics, set for July 2027 in Tulsa, Oklahoma. Senior Olympians are athletes 50 years or older who compete in regional events for an opportunity to move to state events, and eventually to the Nationals. Schlisner’s medals were in the javelin, discus and softball throw (gold) and shot put (bronze). Schlisner, who is based at Vanderbilt Health One Hundred Oaks, grew up in the Chattanooga area in a family that valued physical fitness and playing sports, and he says, with considerable understatement, “The whole family is quite athletic.” Grant Schlisner (R) with brother Bret and sister Sue, all of whom won medals in the Tennessee State Senior Olympics. (photo courtesy Grant Schlisner) His brother Bret also competed in the Senior Olympics. So did his sister Sue. (His other sister Tammy did not compete, but, Schlisner said, “We’re still going to work on her.”) And their father, who now lives in South Dakota, competed in that state’s Senior Olympics in the category for athletes aged 84 to 89. Schlisner was a high school athlete in several sports, including stints as a baseball pitcher and a football quarterback. Since he was already playing positions in other sports in which he was throwing things, he was also recruited to the school’s track and field team, which is where he gained experience in the events that were his ticket to the 2027 Nationals. The medals are a reward for the hard work of training and preparation, but Schlisner said the real reward is the fitness that the medals represent. Schlisner competes in one of his medal-winning events, the shot put. (photo courtesy Grant Schlisner) “[Preparing for competition] got me working out to train for these events. I added more extensive weight training to promote injury prevention and building flexibility and strength have made me feel better overall.” He also said that, in addition to the physical rewards, he enjoys the camaraderie of the other athletes and a feeling of accomplishment. “It’s great to be able to have a goal,” he said. “If you aim low, you’ll hit it. This is aiming high. I want to bring home a medal in the Nationals.” His physical therapy patients, especially those who may be discouraged or need a little extra motivation, also benefit from his example. “I can connect with patients and say, ‘I’m 57 with previous injuries, and I’ve been doing these events, and you can get back to your ‘sport’ as well, whether that is chasing grandkids or participating in a competitive activity,’” he said. And being around the other Senior Olympians, especially in the older age groups, is motivating for him, as well. “One competitor was 90 years old,” he said. “She’s not just sitting around. That was super motivating and cool to see. I don’t want to be a lump on the couch at 90.”
Full Teardown Of A 2026 Amazon Fire Stick HD
After the release of Google’s Chromecast so-called ‘streaming sticks’ have remained a popular form factor, even though such technology is these days part of ‘smart’ TV…
Marquette poll: Trump approval rating ticked up when gas prices were lower
Gas prices fell during the pause in the Iran War in June and early July.
Mass. health officials see uptick in cyclospora cases
The number of cyclospora cases in the state so far this year has increased to 147, the highest level of reports of the parasitic infection since 2019.
New Preakness deal will see race move back a week, shift to Sunday, stick with NBC
The Preakness Stakes will double its media rights revenue in a new six-year deal with NBC Sports, and the second leg of horse racing’s Triple Crown will move off its traditional Saturday race day and run on a Sunday while moving back a week on the calendar.
New Preakness deal will see race move back a week, shift to Sunday, stick with NBC
The Preakness Stakes will double its media rights revenue in a new six-year deal with NBC Sports, and the second leg of horse racing’s Triple Crown will move off its traditional Saturday race day and run on a Sunday while moving back a week on the calendar.
State officials navigate the changing college athletics landscape
Among the proposals that weren’t recommended are measures to allow schools to increase fees on tickets, concessions, and sports betting.
T-Mobile Announces Experience 2.0 With 36-Month Financing
T-Mobile has been caught playing around with 36-month financing before. Even so, it never seemed to stick, and devices soon returned to the standard 24-month financing. It seems T-Mobile decided to…
Pickleball, anyone? It’s for a good cause
ROCKY MOUNTAIN CHILDREN’S HEALTH FOUNDATION Arvada News: Pickleball is still quite the rage, and to capitalize on its popularity, the Rocky Mountain Children’s Health Foundation will host its first fundraising tournament on Aug. 23. It will be from 2-5 p.m. at Chicken & Pickle, 14225 Lincoln St., Thornton. Teams of two will compete in a full bracket-style tournament to determine the victor. Tickets […]
Ken Griffin to stick with Park Ave. skyscraper plans despite Mamdani’s personal attack, anti-business policies
Last chance! Samsung's Galaxy Z Fold 8 preorder deal could get you the foldable for as little as $699.99, but you're running out of time
The clock is ticking on this early Galaxy Z Fold 8 deal.
Christian rock band brings its final, final tour to Charleston next spring
Tickets go on sale on Aug. 14, 2026 for Christian rock band Third Day's 30th Anniversary Tour date in Charleston West Virginia, at the Charleston Coliseum & Convention Center on April 15, 2027.
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
Darwin Was Right: These Plants Are Carnivores
Scientists have proved that a species of plant covered with sticky hairs is carnivorous, confirming Darwin’s 150-year-old hunch.
Kustom Entertainment Completes $6.1 Million Divestiture, Becomes Pure-Play Live Entertainment and Ticketing Technology Company
Kustom Entertainment completes divestiture to focus solely on live entertainment and ticketing, securing $6.1 million in new financing.Quiver AI SummaryKustom Entertainment, Inc. has successfully completed a strategic transformation into a pure-play live entertainment and ticketing technology company by divesting its legacy video solutions business to Cycurion, Inc. for a total of $6.1 million. The deal, finalized on August 3, 2026, includes $1.2
Kustom Entertainment Closes $6.1 Million Divestiture of Legacy Video Solutions Business to Cycurion
Completes strategic transformation into a pure-play live entertainment and ticketing technology company; Secures $1.25M upfront cash, $4.25M secured...
Como respond to ‘misunderstanding’ over controversial new season ticket rules
Como President Mirwan Suwarso has released a statement explaining the proposed new season ticket rules, which would kick fans off if they missed three matches.The decision had caused controversy that ...
Lainey Wilson sold out at Iowa State Fair. Which concerts are next?
Iowa State Fair Grandstand concert tickets are selling quick, with one show already sold out. See which acts still have tickets.
16 Weird Facts That'll Stick In Your Brain Forever
Can't wait to whip one of these out at a dinner party 10 years from now.
Why tickets for sports events are left out of DC bill combating price gouging
Buying tickets on resale marketplaces, such as Ticketmaster or StubHub, should be cheaper for shows in the D.C. in the near future.
Tommy Sullivan and John Ziegler to Perform at LI Music & Entertainment Hall of Fame on Aug 16th
As part of the Long Island Music and Entertainment Hall of Fame Soundtrack to Summer Series, Musician Tommy Sullivan (a member of the Brooklyn Bridge) will perform LIVE music and Comedian John Ziegler will open with comedy set at the Long Island Music and Entertainment Hall of Fame in Stony Brook Village (97 Main Street, Stony Brook, NY) on Aug. 16th from 3-4pm. The event is free for members or with general admission ticket purchase or $10 at the door concert ticket purchase. For details on this and upcoming events please visit https://www.limusichalloffame.... About Tommy Sullivan A life-long Long Islander and proud U.S. Army veteran, Tommy Sullivan enlisted in 1965 and was accepted to the United States Military Academy Band, where he created the first official rock group at West Point. Reentering civilian life in 1968, he helped create the Rhythm Method, a 7-piece Long Island band which was discovered by Johnny Maestro, then singing lead with the Del-Satins. The combined groups became the Brooklyn Bridge. As band leader and musical director, Tommy penned the group’s horn arrangements on every Bridge hit, including their gold record, Worst that could happen. Upon leaving the Bridge, Tommy co-founded Atlantic Records’ supergroup Ramatam, which was Jimi Hendrix Experience drummer Mitch Mitchell’s first group following Hendrix’ death. For the second Ramatam LP Tommy wrote and orchestrated original material which featured select members of the NY Philharmonic Orchestra. Together with Johnny Maestro, Tommy co-produced Johnny’s final CD, Peace on earth. The critically acclaimed album features Tommy’s arrangements & orchestrations, plus several of his original songs. A Charter Inductee to the LI Music Hall of Fame, Tommy Sullivan continues to write, record, arrange and produce records, serve as musical director/ arranger/conductor for projects across many musical genres plus donates dozens of performances annually for numerous charity events. Tommy Sullivan’s dynamic and unique one-man show, A thousand memories, featuring his vocals and performances on four instruments, has been packing concert auditoriums, nightclubs, private parties–even vineyards-for the past several years. John Zeigler Born and raised in New York, John has performed stand-up comedy for close to 20 years and was the winner of the 2016 "Funniest Comic on the East Coast" Contest at Mohegan Sun. John's opened for such comics as Sebastian Maniscalco, Gilbert Gottfried, Jim Breuer and Robert Klein. He currently headlines clubs across the country and regularly tours with legendary comedian Bobby Collins. John recently released his Dry Bar Comedy Special and Getting My Affairs in Order.
Acoustirats and Jordan Lauterbach to Perform at LI Music & Entertainment Hall of Fame on Aug 23rd
As part of the Long Island Music and Entertainment Hall of Fame Soundtrack to Summer Series, the band Acoustirats will perform LIVE music and Comedian Jordan Lauterbach will open with comedy set at the Long Island Music and Entertainment Hall of Fame in Stony Brook Village (97 Main Street, Stony Brook, NY) on Aug. 23th from 3-4pm. The event is free for members or with general admission ticket purchase or $10 at the door concert ticket purchase. For details on this and upcoming events please visit https://www.limusichalloffame.... About AcoustiRats AcoustiRats is an acoustic duo dedicated to stripping Good Rats classics down to their raw, essential form. Fronted by Stefan Marchello, lead singer and 36-year veteran of the Good Rats, alongside guitarist Matt McCarthy, who also did a run on guitar with the band. Between them, they've got decades of Good Rats DNA in their blood. After years of playing these songs loud and electric, Stefan and Matt are thrilled to break them down to the bare bones. No frills, no amps cranked to 11 — just voice, acoustic guitar, and the songwriting that made the Good Rats legendary. It's the same attitude and stories fans know, delivered in a raw, intimate format. For diehard Good Rats fans, it's a new way to hear the classics. For first-timers, it's proof that great songwriting doesn't need to be loud to hit hard. About Jordan Lauterbach Jordan Lauterbach is a fast-rising comedian who features prominently in clubs around the country. His autobiographical style and supreme wit keep audiences laughing for hours after they leave the club. Lauterbach is likable, relatable, and tremendously funny. He has opened for some of comedy's best and is quickly carving out an audience of his own.
‘Spider-Man: Brand New Day’ beats ‘Avengers: Endgame’ box office record
“Spider-Man: Brand New Day” has broken the “Avengers: Endgame” record for the biggest North American opening weekend. Sony Pictures says Monday that the film earned $360 million in ticket sales
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
MSU SURVIVAL GUIDE: MSU sports offer opportunities for students to participate
Whether you’re a die-hard fan, just looking for the college experience or couldn’t care less, sports impacts every student at MSU. Here’s a breakdown of everything in Spartan athletics – from tickets, lines, traditions and how to get the most out of the fan experience as a student. And if you’re not interested in being a fan, here’s a couple tips for navigating a campus dominated by Big Ten sports culture.