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Scientists uncover surprising health benefits of watermelon
Studies suggest watermelon could be a hidden powerhouse for better health. Researchers found that people who eat watermelon tend to have higher-quality diets packed with more vitamins, fiber, and antioxidants — while consuming less added sugar and saturated fat. Another study showed watermelon juice may help protect blood vessel function and support heart health.
Questions for Mike and Phil
If you’re a fan of the old Seinfeld TV show, you might remember the fat postman, Newman, being asked why postal workers “go postal”? “Because the mail never stops. It just keeps coming and coming and coming! There’s never a let up! It’s relentless! Every day it piles up more and more and more! You […]
Conte set for showdown talks with Napoli within 10 days
Napoli are in a hurry to know Antonio Conte’s plans for the future and according to Gazzetta, the Italian tactician will meet with club owner Aurelio De Laurentiis and director Giovanni Manna within...
Only 3% of students meet standards in science: National assessment data revealed
Partial data from Israel’s 2025 Meitzav national assessment exams has been revealed, showing that only 3% of ninth-grade students met the benchmark in the science exam, while 54% failed.
How can the PM improve the lives of Londoners?
The BBC Politics London show asks three bodies which policies could improve Londoners' lives.
Trump sent a message by targeting Bill Cassidy. In defeat, Cassidy delivered one back
Louisiana Republican Sen. Bill Cassidy wanted his reelection campaign to be about the “present and the future.” President Donald Trump had other plans. Cassidy became the first GOP senator to lose renomination in close to a decade, a remarkable downfall that shows again how Trump dominates the party. He signaled in his concession speech, without mentioning Trump, that he could spend the final months of his term being more of a thorn in Trump’s side – or at least more openly critical.
A Look At Brookfield Business Partners (BBU) Valuation After Softer First Quarter 2026 Results
Brookfield Business Partners (BBU) is in focus after Brookfield Business Corporation reported first quarter 2026 results, showing sales of US$6,436 million and net income of US$40 million, both lower than in the same period a year earlier. See our latest analysis for Brookfield Business Partners. The recent 1-day share price decline of 2.09% to US$31.46 and a 30-day share price return down 9.21%, alongside a year to date share price return down 12.20%, contrasts with a 1-year total...
Hundreds show up to support Rehovot businesses fined for opening on Shabbat
Ice cream parlor Otello and cafe Nook are cited after operating on Saturdays for over a year, leading residents to complain about uneven enforcement of Shabbat policy
Ancient Chinese movement shows promise for reducing blood pressure at home, study says
An ancient Chinese exercise called baduanjin could help lower blood pressure as effectively as some medications, according to a new clinical trial.
'Tarps off' trend fires up Busch Stadium during Cardinals' winning streak: 'I'll sign up for that any day'
The Cardinals are 2-0 with the Stephen F. Austin club baseball team show goes shirtless in right field.
Preakness Stakes 2026 predictions, odds, time, horses: Top win, place, show, trifecta and superfecta bets
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
The 10 best performances at the 2026 Eurovision Song Contest
The 2026 Eurovision Song Contest final in Vienna has showcased acts from 25 countries. But not all songs are created equal. The 10 best on Saturday night included Romania's entry,
The 10 best performances at the 2026 Eurovision Song Contest
The 2026 Eurovision Song Contest final in Vienna has showcased acts from 25 countries.
The 10 best performances at the 2026 Eurovision Song Contest
The 2026 Eurovision Song Contest final in Vienna has showcased acts from 25 countries. But not all songs are created equal. The 10 best on Saturday night included Romania's entry,
The 10 best performances at the 2026 Eurovision Song Contest
The 2026 Eurovision Song Contest final in Vienna has showcased acts from 25 countries | Talk 1370
Miami Co. Fairgrounds: Food truck rally, live entertainment
Previous food truck coverage above. DAYTON, Ohio (WDTN) – The Miami County Food Truck Rally has food, live entertainment, shopping, a car show and family fun this Saturday. The event is being held …
The Chinese Lens Boom Continues With a Flood of New Releases
Chinese lens brands drop a wave of new releases for the 2026 trade show season.
Bill Nye Says 'It's Still Hard to Grasp' the Impact of His Beloved Science Show: 'Put My Heart and Soul into It' (Exclusive)
'Bill Nye the Science Guy' premiered in 1993 and ran until 1998 on PBS, later becoming a staple across classrooms in the country
Forza Horizon 6 Pits Your Acura Against A Giant Mech
The ‘Mech My Day’ showcase offers the most absurd match up in motorsport history
ENTERTAINMENT: Opera in the Ozarks sets summer season; CALS screens ‘The Grocery List Show’
Opera in the Ozarks, the summer music festival and opera training program, will feature two fully staged operas and one opera pairing, June 26-July 24 at Inspiration Point Center for the Arts, five miles west of Eureka Springs.
Dennis Rush, ‘The Andy Griffith Show’ Actor, Dies at 74
Rush also landed a role in the film ‘Man of a Thousand Faces’ after James Cagney discovered him eating lunch at the Universal lot.
'Blessing in disguise': Anthony Richardson shows renewed appreciation for Colts despite trade request
The former first-round pick is making the most of his time in Indianapolis following a tumultuous start to this NFL career
Arsenal v Burnley: Key stats and talking points
Arsenal can't seal the Premier League title on Monday night (20:00 BST), even with a win, after Man City's midweek victory pushed any celebrations back. Burnley, already relegated, have nothing at stake — yet they've shown they can still upset bigger plans. Arsenal have spent three seasons living with the sting of near misses, always measured against a relentless Manchester City side that has dominated the Premier League.
Preakness Stakes 2026 predictions, odds, horses: Win, place, show, exacta, trifecta, superfecta best bets
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
Scientists reversed memory loss by recharging the brain’s tiny engines
Researchers have shown for the first time that malfunctioning mitochondria — the cell’s energy generators — may directly cause cognitive decline in neurodegenerative diseases. By creating a new tool that temporarily boosts mitochondrial activity in the brain, scientists restored memory performance in mouse models of dementia. The discovery hints that energy failure inside neurons could happen before brain cells die, potentially offering a new target for future Alzheimer’s treatments.
Here’s What Science Tells Us About the Risks of Hantavirus
The rare virus has a high fatality rate and can spread through the air, research shows, though it is easier to contain than Covid-19.
Here’s What Science Tells Us About the Risks of Hantavirus
The rare virus has a high fatality rate and can spread through the air, research shows, though it is easier to contain than Covid-19.
Cowboys news: DeMarvion Overshown’s bold statement ahead of crucial season
Here's the latest news surrounding the Dallas Cowboys!
How eBay won over fashion shoppers again
Through savvy partnerships, showing up at key cultural moments, and improving its user experience, the resale OG has become cool again.
Scientists find climate change is reducing oxygen in rivers worldwide
Climate change is causing rivers to slowly lose oxygen, threatening fish and other life in the waterways, a new study shows.
Dazzling photographs show nature in a new way
Photographer Jon McCormack explores patterns found in the natural world.
Barcelona outcasts now attracting serious interest from Ajax
Barcelona could soon receive an unexpected helping hand in their plans for next season, with Ajax showing concrete interest in two goalkeepers currently tied to the Catalan side.Barcelona are expected...
Is Tencent Music Entertainment Group (TME) Priced Attractive After Sharp Share Price Declines?
Wondering whether Tencent Music Entertainment Group's current share price really reflects its underlying value, or if the market is mispricing the stock right now. The stock closed at US$8.47, after falling 8.3% over the past week, 14.3% over the past month, 52.6% year to date, and 47.7% over the past year, while the 3 year return stands at 13.6% and the 5 year return shows a decline of 41.3%. Recent coverage has focused on Tencent Music Entertainment Group's position in the online...
Stunning fossil discovery in Ethiopia rewrites human origins
A stunning fossil discovery in Ethiopia shows that early Homo and a previously unknown Australopithecus species lived together around 2.6 to 2.8 million years ago. The find overturns the classic “ape-to-human” progression and paints human evolution as a crowded, branching tree with multiple species coexisting. Scientists dated the fossils using volcanic ash deposits and are now investigating what these ancient relatives ate and whether they competed for resources.
Google Health Premium vs. Basic Features Comparison
The launch of Google Health, its new app, and the Fitbit Air is around the corner. In fact, for many of you, the new Google Health app should start showing up on your phones as an update as early...
Preakness Stakes 2026 predictions, odds, horses, time: Win, place, show, exacta, trifecta, superfecta bets
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
Gavin Newsom targets California businesses with new digital software tax
‘The Big Money Show’ discusses Gov. Gavin Newsom’s proposed new tax on digital software purchases as Silicon Valley faces mounting pressure from AI disruption and Wall Street volatility.
Preakness Stakes 2026 predictions, odds, horses, time: Win, place, show, exacta, trifecta and superfecta picks
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
‘The Other Bennet Sister’ Boss Explains Big Miss Baxter Book Change
Miss Baxter is not in the book. Here's why the show needed her.
PlayStation Adds SteamDB-Like Features to the PS5 Welcome Hub by Revealing Weekly Player Numbers and Trending Games
PlayStation is adding SteamDB-like features to the PS5's Welcome Hub, showcasing weekly player counts and trending games.
Stephen Colbert reveals his final guests on 'The Late Show'
Stephen Colbert's final week on "The Late Show" is coming into focus, with CBS revealing the schedule for the show's last stretch of episodes.
The 13 highest-paying jobs in the US
New data showed which US jobs pay well on average. Many healthcare jobs, such as those of various surgeons, are high-paying.
UW’s Science Initiative Roadshow Completes Historic Year
This academic year, the University of Wyoming’s Science Initiative Roadshow celebrated its largest number of outreach activities yet, bringing hands-on STEM learning experiences to communities across
WA kids were stuck in hospitals for months. New report shows progress
Legislation intended to curb youth psychiatric boarding has cut wait times for those with serious behavioral and mental health concerns, a new report shows.
CineD tested the Sony A7rVI: Highest DR ever tested (with a caveat) and promising prospects for the A7sIV :)
CineD tested the Sony A7rVI and wrote this: Sony managed to create a very attractive package with the a7R VI – rolling shutter values with or without the dual gain mode are very manageable, and the dynamic range results show the power of dual gain “ON” – we get up to 14 stops at SNR
Cape Coral sitcom: Dixie Roadhouse shoot for 'Jimmy on the Rocks'
The pilot episode of new TV show "Jimmy on the Rocks" was shot in June 2025 at Cape Coral's Dixie Roadhouse. It's been screening at film festivals.
Ranking the MVP MMA main card fights 1 to 5 by entertainment potential
Ronda Rousey and Gina Carano are in the main event, but wild cards Nate Diaz and Mike Perry could steal the show.
Ranking the MVP MMA main card fights 1 to 5 by entertainment potential
Ronda Rousey and Gina Carano are in the main event, but wild cards Nate Diaz and Mike Perry could steal the show.
Andrew Abbott leaned into some science to get his season back on track
Andrew Abbott locked in on the stick-figure graphic of himself. The world of biomechanics is very advanced. But with Abbott going through the worst rut of his big league career, he opened up to some new ideas to get himself back on track. He asked for some help, and he leaned into some sports science. He said the stick figures made it clear, and he credits biomechanics for helping him get his season back on track. Over his last three starts, he has allowed two total runs in 17 ⅔ innings. “There’s a photo of (me) last year and the year before on a graph, and this year is in a different color,” Abbott said. “You see where you are in comparison to that. Where the hands are at this moment, where your feet are, where the knee is, where your head is at, where your shoulders are at, it breaks it all down if you want it.” When Abbott saw his mechanics in this objective way, he recognized exactly what had been going wrong. “When my tempo, my feet and my hands are aligned, then normally my mechanics are sound,” Abbott said. “And when my mechanics are sound, my stuff behaves normally. The fastball is jumpy. I’m up in velo. My extension is better.” Abbott said that he started diving more into his biomechanics in the middle of April. The Reds have a biomechanics team, which works closely with pitching coach Derek Johnson and hitting coach Chris Valaika. Leading the group is biomecahnics manager Franky Mulloy. “I laugh every day,” Francona said. “When Franky starts talking, I start laughing. I remind him to know his audience.” Francona isn’t a scientist. The Reds’ manager jokes about his own comprehension of the data. But it’s easy for him to recognize the value that the biomechanics team is providing. “That’s why we got them,” Francona said. Abbott said that he had his first big biomechanics-oriented meeting in the middle of April. Behind the scenes, there was already a lot of communication going on within the Reds’ staff. “Franky calculates all the things, builds it into these graphs, and DJ gets them,” Abbott said. “They have their internal communication. Then, we go to them and ask what about this or that. The main thing for me is arm angle.” The data shows Abbott how his arm angle evolves from start to start. He hasn’t meant to change it. But just like all of us, our posture might be different from one day to the next. Pitchers’ arm angles can make minor shifts without the pitcher or even coaches noticing. But the data can’t miss a change like that. Abbott recognized that his arm angle had been moving around without him noticing. Now, he checks in with the data to make sure that his mechanics are in sync. “They get into these cool looking graphs,” Abbott said. “I can’t really describe them. I don’t know what they are. But for me, it’s a photo of a stick figure of myself.” The stick figure of his current positioning is superimposed over previous versions of himself. With that format, Abbott can compare his mechanics on any given day to what they were when he was pitching at his very best. “It was very noticeable from the moment I saw this year as black compared to two years ago and last year, it was very, very different,” Abbott said. “I could see with my eyes without having to ask any questions about the difference in the photos.” For any pitcher, there are a lot of moving pieces in your delivery. For Abbott to be the best version of himself, he needs his head, his arm, his hand, his knee and his feet to be on the right “tempo.” “Tempo is a word I’ve used a lot,” Abbott said. “Getting everything in certain areas working together.” He has been much better at that recently. The data backs that up, and so does Abbott’s ERA. The biomechanics data has also given the Reds’ staff and Abbott some better ideas for some training that he can do between starts. He has added drills to shore up areas of his body that Abbott needed to make stronger. “They make a plan based off what they see,” Abbott said. “If things start changing, we know what to revert back to.” Overall, Abbott says that he’s not a very analytical guy. There’s so much information out there, and he says that it’s important for him to not get too analytical when he breaks down his specific pitches. He has learned the value of being “analytical about mechanics.” And the way that the Reds presented that information to him made it easier for him to make the right adjustments without being overloaded by information. “It was a very simple fix,” Abbott said. “It took a long time to finally get there, feel the results and see it. But for the most part, it was very simple to apply it.”
Should Your Subscription Business Use Auto-Renew?
Subscription businesses obsess over pricing and churn, but the most consequential strategic choice may be far simpler: whether subscriptions auto-renew or auto-cancel. Drawing on a 1.4 million–person field experiment with a major European newspaper, the authors show that while auto-renewal boosts short-term retention, it suppresses trial sign-ups so sharply that auto-cancel ultimately produces more paying subscribers and higher-quality customers over time. The right approach depends on two factors—whether customers are naturally loyal or variety-seeking, and whether a company is an incumbent defending share or a challenger trying to acquire it—making renewal defaults a competitive strategy decision, not merely an operational setting.
Trump and top CEOs leave a more self-reliant China with few deals to show for it
Before leaving a two-day summit in Beijing, President Donald Trump said he had made many trade deals with China, accompanied by a cohort of “brilliant” tech billionaires.
NYU's Joshua Tucker on the politics of training AI
Joshua Tucker, New York University Center for Social Media & Politics co-director, joins 'Squawk Box' to discuss details of the university's new research showing that AI chatbots generate more government-friendly responses when prompted in languages tied to countries with tighter media controls, the intersection of politics and AI, and more.
Five intriguing Phillies prospects raking down on the farm
The Phillies’ farm system has featured several strong offensive starts, including breakout showings from Alirio Ferrebus, Bryan Rincon and Dante Nori.
Rock legend says new solo tour could be his last, wants ‘less grueling life’
He called the shows "one more for the road."
America's most powerful CEOs don't have much to show from their China trip so far
With red-carpet treatment, selfies and culinary diplomacy, America's richest and most powerful executives - from Tesla's Elon Musk to Nvidia's Jensen Huang - sought to rekindle business ties with China this week at a leadership summit in Beijing.
Praise to the chief: A week of homage to Trump
Since returning to office, Trump hasn’t just solidified his grip on Republican politics and asserted his executive authority deep into the federal government. He has inspired, encouraged, and, at times, outright demanded to be showered with homage.
Silicon Valley's latest binge-watch is a humanoid warehouse worker
Figure AI's livestream of a humanoid robot sorting packages drew millions of views, and showed the promise and limits of warehouse automation.
Wrestler, musician shouts out Chameleon Club on local rock radio show
Chris Jericho, a professional wrestler and musician, recently talked about his experience at the Chameleon Club in Lancaster on a local morning show.
Asian festival going all out to showcase food, entertainment
Over 130 vendors will take part in the 17th annual Cleveland Asian Festival.
Asian festival going all out to showcase food, entertainment
Over 130 vendors will take part in the 17th annual Cleveland Asian Festival.
Cristiano Ronaldo adds free sports streamer to his business empire ahead of the World Cup
The channel will be responsible for showing 34 matches from the 2026 World Cup, live and at no cost to viewers, including all the matches of the Portuguese national football team.View on euronews
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
David Letterman got in one last 'Late Show' jab at CBS when he visited Stephen Colbert: 'Good night and good luck, motherf---ers!"
David Letterman didn't hold back in his message to CBS when he joined Stephen Colbert on 'The Late Show' one last time: 'Good night and good luck, motherf---ers'
'Outlander' boss breaks down the series finale, that post-credits scene, and the stories they never got to (exclusive)
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BrightSpring Health Services (BTSG) Is Up 10.3% After Raising 2026 Revenue Guidance And Q1 Beat – Has The Bull Case Changed?
In early May 2026, BrightSpring Health Services reported first-quarter results showing revenue of US$3.61 billion and net income of US$148.77 million, and also raised its full-year 2026 earnings guidance to expected revenues of US$14.73 billion to US$15.23 billion. The combination of outperformance in specialty pharmacy and infusion services, efficiency gains from automation, and successful home health integrations is reshaping how investors view BrightSpring’s earnings power and growth...
NASA’s new AI space chip could let spacecraft think for themselves
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Protecting lives everywhere
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Preakness Stakes 2026 predictions, odds, horses, date: Win, place, show, exacta, trifecta, superfecta picks
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'Petty politics': Angie Nixon blames Ron DeSantis and 'his allies' for House discipline over megaphone use
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Why Sustainability Is a Business Strategy, Not a Nice-to-Have for AstraZeneca
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Google launches a gorgeous new landing page for the upcoming Googlebook
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Minnesota State Fair Announces Their Free Shows and Entertainment for 2026
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Man charged in connection with employee found dead in kitchen of SW Houston business, records show
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Chicago native Joe Musso hosting new post-round golf show at CBS Sports
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Mizzou breaks ground on Radioisotope Science Center to strengthen nation’s supply of critical isotopes
May 14, 2026Contact: Christopher Ave, Christopher.Ave@missouri.edu University of Missouri leaders, federal partners and state officials […]
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Rutgers Students Bring Science Stories to the National Stage at Planet Forward Storyfest
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Arts and Entertainment Agenda, May 15-22
Roaring Fork Rising series, beginning May 15 The Wheeler Opera House will present its second annual Roaring Fork Rising performance series designed to showcase local talent hosted at The Vault. Upcoming performances feature Aggie Flores...
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How 'Lanterns' gave DC’s ‘space cops’ a drama with dueling timelines (exclusive)
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Leaked images show Microsoft’s new Xbox Cloud Gaming controller
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'Rogers + Hammerstein's Cinderella' and 'Medea' productions coming to New Orlean stages
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Will ‘Outlander’ Answer This Season 1 Mystery Before the Show Ends?
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US business inventories post biggest gain in nearly four years in March
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Madonna, Shakira, BTS to headline World Cup final halftime show
UNF poll shows Floridians like to wager on sports, but have concerns about integrity of games
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Giuliani returns to his show after viral pneumonia hospitalization
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AMNH Presents For the Win: Objects of Sports Excellence
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NFL schedule 2026: Bears to visit Lions on Thanksgiving in NFC North showdown on CBS
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Scientists say a daily multivitamin may help slow aging
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