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Trump’s most tone-deaf comments on Iran and the economy, ranked
President Donald Trump has repeatedly dismissed Americans’ economic pain and military casualties from the Iran war with comments critics call insensitive.
The Biggest Problem Facing Small Businesses Right Now Just Hit a 53-Year High
Due to high supply costs and global energy concerns, small business owners aren't expressing optimism about the state of the economy.
Shapiro Administration Highlights the Need for Funding to Grow Pennsylvania’s Innovation Economy, Visits AlphaLab Health in Pittsburgh - PA Department of Community & Economic Development
AlphaLab Health is a start-up accelerator collaboration created by Innovation Works and Allegheny Health Network to address healthcare problems experienced by clinicians and patients. Pennsylvania has always been a leader […]
UMW Launches Virginia’s First Master’s Degree in AI in Business
byThe University of Mary Washington has opened enrollment for a new Master of Science in Artificial Intelligence in Business (MS in AI in Business), an innovative graduate program designed to prepare professionals for a rapidly evolving, AI-driven economy.The graduate degree is the first of its kind in Virginia to focus specifically on artificial intelligence in […]
Local businesses lean into the fanbase economy
Your local coffee shop isn't just selling breakfast anymore — it's building a fanbase.
Baton Rouge brick company rebrands through Ascension acquisition
Cocreham Brick has rebranded as The Brick Company and acquired Gonzales-based Economy Brick, a move that expands the Baton Rouge company’s footprint into Ascension Parish and strengthens its position in Louisiana’s building materials market. The company, which has operated in Louisiana under the Cocreham Brick name for more than 75 years, announced the rebrand and […]
Report: U.S. Business Travel Now Accounts for More Than 2% of Economy
Business travel within and to the United States continues to be a major engine powering the nation’s economy and growth, generating $623.8 billion in total gros | Findings reveal business travel supports 6.7 million U.S. jobs and accounts for 2.1% of GDP, underscoring its role as a critical driver of economic growth nationwide.
When a Creator Becomes a Business Owner, Everything Changes
As the creator economy matures, every creator needs contracts, intellectual property protection, and the right business structure.
Businesses fear for economy if Swiss vote to cap population at 10 million
Switzerland goes to the polls on June 14 to vote on whether to cap its population at 10 million people in a referendum some have likened to a "Swiss Brexit", alarming many businesses who fear an economic blow should the proposal succeed.
Japan’s Growth Holds Up Despite Drop in Business Investment
Japan’s economy grew at a still solid pace at the start of the year even after the turbulence in Iran prompted businesses to cut investment.
World Ocean Day: From risk to prosperity
The ocean is central to life on Earth. As World Ocean Day is marked on 8 June, a new Forum report says a regenerative blue economy can protect ecosystems and livelihoods.
Poor sleep threatens health, society and the economy
An increasing number of people are suffering from sleep deprivation, difficulty falling asleep, or interrupted sleep—with consequences for health, society, and the economy. An international research team ...
Wayne Winegarden: Politics and conflict are driving up your food costs
The federal government can, and should, help families struggling with rising food costs by reforming the ill-considered regulatory policies that are meaningfully inflating the price of food.
Foreign Businesses Are Fleeing Cuba as Its Economy Collapses
Mastercard and Visa are suspending transactions, hotel operators are pulling out and a major Canadian miner is rethinking its presence on the island.
As inflation and fuel prices stay high, region’s business community feels the pinch
U.S. Sen. Jeff Merkley, D-Oregon, heard from members of Lane County’s small business community about their challenges amid a volatile economy.
VIEW Strong May jobs number sends yields, rate expectations higher
The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-term interest rates higher on Friday morning in the face of inflation stemming from the war with Iran.
US economy added 172,000 jobs in May, beating expectations
The Bureau of Labor Statistics reported that 172,000 jobs were added in May, beating economist expectations of 85,000 while unemployment held at 4.3%.
US terrorist label for Brazil gangs risks higher business costs
The U.S. designation of Brazil's biggest criminal groups as Foreign Terrorist Organizations (FTOs) starting Friday is likely to increase the risks and costs of doing business in a country where gangs have had years to penetrate the formal economy.
Economy still growing, data center construction driving growth, economist says
Data centers are driving U.S. business investment, inflation is up because of energy prices, and consumer sentiment is down to a level lower than during the Great Recession, a University...
‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy
“You can’t find another China. There’s no other China out there now," Greater China chair Joe Ngai says.
Baton Rouge’s economy is booming, report says
Baton Rouge is outperforming many of its regional competitors on several key economic measures, from job growth and pay to housing affordability and worker productivity. That’s according to the G… Already an INSIDER? Sign in. Already an INSIDER? Sign in
How small businesses are reading the economy right now
Tariffs, fraud, and cautious optimism.
National Science Foundation grant puts Chicago at the center of an expanding water economy
A $45 million National Science Foundation grant will help nonprofit Current expand a Great Lakes program to turn wastewater into useful economic resources.
Investing in health will spur D-FW economy, healthcare leaders say
At a Wednesday Dallas Regional Chamber Summit, healthcare leaders discussed pathways to closing a stark gap in health outcomes across Dallas, which they say would also boost the economy.
Peru’s Politics Are a Disaster, but Does It Matter?
Peru’s runoff election, on June 7th, will decide which of two candidates—down from 36, in the first round of voting—becomes the next President. The economy may not notice.
Prologis CEO: We built our business around the economy
Prologis CEO Dan Letter joins 'Mad Money' host Jim Cramer to talk its data center business build out.
Wall Street is betting big on the live entertainment boom
‘The Big Money Show’ examines why investors are growing increasingly bullish on live entertainment as Americans flock to concerts, sporting events and movie theaters, fueling growth across the experience economy.
Resilient Saudi economy proves a draw for wartime Gulf business
By Timour Azhari, Federico Maccioni and Yousef Saba RIYADH, June 3 (Reuters) - When food-tech entrepreneur Sara Amini wanted to see where Gulf businesses were still spending despite the Iran war, she
Iran conflict hasn’t slowed the economy, but rising inflation coaxes businesses to freeze hiring
The largest part of the economy grew faster in May even as businesses had to cope with the worst inflation in several years, but it came at a cost to jobseekers. Many companies have adopted temporary hiring freezes to offset their own rising costs.
Resilient Saudi economy proves a draw for wartime Gulf business
When food-tech entrepreneur Sara Amini wanted to see where Gulf businesses were still spending despite the Iran war, she flew to Riyadh.
Live experience economy surges
The decline of appointment viewing has created a higher premium for events that can bring groups together for shared experiences.
Top CEOs brace for downturn, warn US economy will worsen in next 6 months
CEO confidence plummeted from a reading of 59 to 47 in just one quarter, as corporate leaders report worsening economic conditions and shrinking hiring plans.
Roundup: US retail industry / Anthropic / Business opportunity
Facing challenges: The retail industry emerged from a choppy first quarter relatively unscathed, but higher-than-usual tax refunds likely helped to buoy spending. The second quarter could offer a clearer view on consumer health and just how much gas price increases and persistent inflation have disrupted the economy and put more pressure on household budgets. The […]
Michael Clinton examines aging and its impact on health and the economy
Michael Clinton, a former Hearst executive, discusses his book "Longevity Nation," which explores the implications of longer life expectancy for individuals and society.
Texas Business Court Is a Powerhouse for Resolving Civil Disputes
The Texas Business Court reflects a recognition that a large and complex economy with a capital-intensive, technology-driven industry needs a forum designed for those cases, writes White & Case’s Sean Gorman.
Japan’s Q1 capex stalls as Iran war concerns weigh on business confidence
(Corrects to restore dropped word 'flat' in lead paragraph) By Makiko Yamazaki TOKYO, June 1 (Reuters) - Japanese companies' annual spending on plant and equipment remained almost flat in the first quarter, data showed on Monday, pausing after a year ...
AMD unveils the $329 Ryzen 7 7700X3D, brings back the 5800X3D for $349
AMD has some new gaming-focused chips for the economy we all live in.
Trump Is Dominating GOP Primary Elections. Does That Mean Victory in the Midterms?
Come November, the Republican Party will need the support of voters outside of President Trump’s base, many of whom are deeply dissatisfied with the economy and the Iran war.
Small business owners cite economy, rising costs as they close doors in Northwest Jacksonville
Two Northwest Jacksonville business owners closed their doors, saying a challenging economy, changing consumer spending habits, and financial pressures have made it difficult to continue operating.
Westerman touts transportation funding, defense economy, outdoors act - Talk Business & Politics
U.S. Rep. Bruce Westerman, R-Hot Springs, said he will host a field hearing in Hot Springs during the second week in June to collect testimony for the Great American Outdoors...
108 top economists predicted 'devastation' — Argentina's Milei continues to prove them wrong
Three years into Milei's presidency, Argentina's economy has been transformed. Economists who predicted failure now see a playbook other nations could follow.
NH's Business: The aerospace & defense industry
Fred Kocher sits down with Randy Makee with The NH Aerospace and Defense Consortium to talk about the impact of the aerospace industry on New Hampshire's economy.
China’s Factory Activity Slows in May, Raising Questions Over Its Economy
BEIJING (AP) — China’s factory activity was flat in May, according to an official survey released Sunday, raising questions about how much further the country’s economy can shield itself from the fallout of the ongoing Iran war and pressure on demand. The official manufacturing purchasing managers ...
Scott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
Treasury Secretary Scott Bessent announced the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets as Operation Economic Fury pushes Iran's economy toward collapse.
Times/Siena Poll: 43% of Voters Dissatisfied With Both Parties
Persistent frustration over the economy and foreign policy have left many Americans feeling politically homeless, and young voters are particularly frustrated.
AI is moving fast. 2028 hopefuls will be forced to adapt: From the Politics Desk
Plus, how Iowa farmers are feeling about Trump and the economy.
StarCraft II 5.0.16 PTR Patch Notes
Patch 5.0.16 has been pushed to PTR which features economy and balance changes with various bug fixes.
Headwinds are putting New Hampshire’s health, environment, and economy even more at risk
New Hampshire faces growing environmental and public health headwinds that threaten natural resources.
Why the business of orbit is entering a new phase
Space is becoming a bigger part of everyday business, from communications and Earth observation to defense and predictive analytics. Voyager Technologies CEO Dylan Taylor and Muon Space President Gregory Smirin explain how cheaper launches, more satellite constellations and advances in AI are pushing the space economy into a new phase. Watch more from the CNBC CONVERGE LIVE conversation in Singapore to hear how the business of orbit is moving from exploration to infrastructure.
The healthcare creator is finally diagnosing how they best fit into the creator economy
Healthcare creators are powerful brand partners, but they have to fit into the creator economy without sacrificing their credibility
Michigan’s smartest economic investment? Babies.
Michigan's Rx Kids program gives cash to new moms, proving that investing in babies strengthens the local economy.
Trump is getting the Republican candidates he wants, but can he win in the midterms?
President Donald Trump's tightening grip on his party could make it harder to win in the November midterms, when Republicans face a broader electorate that has soured on the president's second term and the economy.
SPONSORED Small businesses power the U.S. economy; Denver offers a closer look
Small businesses are a key part of the U.S. economy, creating jobs and supporting local communities.
Health Care Industry Trend Watch: Week of May 25, 2026
Attention now shifts to how states will deploy and account for Rural Health Transformation Program funding.
Business
The Seattle Times business section covers Seattle, the Eastside including Bellevue, Snohomish County, the Puget Sound region and Pacific Northwest. Coverage includes Amazon; Boeing and aerospace; Microsoft and technology; Starbucks, Nordstrom and retail; the state and U.S. economy, commercial and residential real estate; personal finances; and stock markets. Columnist Jonathan Talton is featured.
Congressional Leaders Laud NASA Moon Plans, But Fight Intensifies over Science Funding
“If we weaken academia, we don’t just weaken our research capacity, we lose our workforce and we lose the innovation that fuels our economy.” —Rep. Zoe Lofgren at ASCEND 2026 Congressional leaders…
Wildfire smoke trapped in Oakridge threatens health equity and summer tourism economy
Oklahoma business leaders upbeat on economy, but cite workforce concerns
Oklahoma business leaders remain confident in the state’s economic direction and are planning for growth, but many say workforce availability, infrastructure ne
Italy business lobby urges investment, energy reform to revive growth
The head of Italy's largest business lobby on Tuesday urged sweeping reforms to revive the country's near-stagnant economy, warning that high energy costs and weak investment were undermining growth.
We’re living in the ‘premium economy’ economy
The biggest economic buzzword of the last few years is “K-shaped.”
Associated Industries of Florida endorses Mike Suarez in HD 64
'I look forward to working alongside AIF to advance policies that support Florida families, small businesses, and our growing economy.'
Business group pushes to turn dream of new economy along Salem Avenue into a reality
The Salem Avenue Business Association is advocating for new economic investments to create a thriving Salem Avenue Peace Corridor.
Commentary: Illinois mixed strategy and intention to mount a resurgence
Global companies are choosing Illinois because the state is aligning itself with where the economy is going, not where it has been.
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
NASA science cut would hit Colorado universities and aerospace sector
Proposed funding for NASA could impose a significant reduction on the science programs that underpin Colorado’s aerospace economy.
Rash: DEED ‘Choose Minnesota’ campaign to boost small businesses
The initiative comes as Operation Metro Surge, tariffs and the U.S.-Israeli war on Iran challenge this backbone of the state’s economy and society, columnist John Rash writes.
Economy to see negative growth shock, sticky inflation, JPMorgan warns
JPMorgan sees core inflation sticking around 3% globally. It could eventually cool, but only after the economy feels the negative impacts on growth.
Putting small businesses in the driver’s seat of Michigan’s economy
Data-driven programs in Michigan connect capital and expertise to help small businesses expand, overcome barriers and sustain long-term success.
Revitalizing Downtown Los Angeles: Council member explores entertainment zones to boost economy
Councilmember Ysabel Jurado has introduced a new motion directing city departments to determine if Downtown LA could follow in the steps of Santa Monica, Long Beach and Culver City in
$140,000 E.V.s and Heritage Gold: The Rise of China’s Homegrown Luxury Market
As China’s economy slows, consumers are increasingly turning to domestic luxury products, challenging the dominance of long-established European brands.
Tourism gains spread across California with Sacramento seeing big results
A Visit California study shows the state's tourism economy is thriving, with Sacramento experiencing notable increases in visitor spending and hotel tax revenue.
Beth Fukumoto: Hawaiʻi’s New ‘Millionaires Tax’ Is Good Politics
People are angry about the economy, and they know the policies of the past haven’t delivered for them.
Gazette, Centennial Institute cosponsoring Republican gubernatorial debate Tuesday
The Gazette and the Centennial Institute are cosponsoring a Republican gubernatorial debate Tuesday at Colorado Christian University, featuring candidates state Rep. Scott Bottoms, a Colorado Springs pastor, and longtime GOP insider state Sen. Barb Kirkmeyer. Candidates will field questions on major issues facing Colorado, including the economy, crime/public safety, state budget/TABOR, energy, infrastructure and affordability. […]
Denver Gazette, Centennial Institute cosponsoring Republican gubernatorial debate Tuesday
The Gazette The Denver Gazette and the Centennial Institute are cosponsoring a Republican gubernatorial debate Tuesday at Colorado Christian University, featuring candidates Scott Bottoms, a Colorado Springs pastor, and longtime GOP insider Barb Kirkmeyer. Candidates will field questions on major issues facing Colorado, including the economy, crime/public safety, state budget/TABOR, energy, infrastructure, and affordability. The […]
Bond breakout? Big effects of bad data. Immigration and thermostatic politics & dad-chat is coming for dad-books.
Thank you for opening your Chartbook email. Anna Airy, A Shell Forge at a National Projectile Factory, Hackney Marshes, London, 1918 Bond breakout - John Authers Across the developed markets, bond markets are staging a slow-motion car wreck. Looking at the drastic moves in the US, Japan, the UK and France, Barclays’ Ajay Rajadhyaksha commented: “Last week, long bonds broke. Not in one country. In all of them. Simultaneously. Four countries. Four different political systems. Four different central banks. But the same trade — “get me out of duration!”” Each country has its own contributing political problems, but the uniformity of the shift out of long-term bonds with high duration makes clear that something broader is afoot. For Rajadhyaksha, it is “simple and uncomfortable.” The developed world “has too much debt, too little fiscal discipline, and no political appetite for fixing either.” If there’s a trigger, it has been the Iran war and the resulting shock to oil supply. Source: Bloomberg G7 countries are now borrowing at rates that were enjoyed by EM in the early 2020s For contributing subscribers only. Subscribe Trade between China and Russia has grown in recent years For contributing subscribers only. Subscribe Big effects of bad data A decade ago nearly nine in ten Americans, when approached, agreed to fill out the Current Population Survey, which is administered to about 60,000 households each month and asks about, among other things, employment. Fewer than seven in ten do so now (see chart 1). For the Consumer Expenditure Survey, which tries to capture 3,700 households monthly, the response rate is down from 68% to 40%. … When the information becomes less reliable, investment decisions get more difficult to make. Some may be delayed, creating a potential drag on the economy. A new working paper by Nicholas Bloom of Stanford University, Erica Groshen, former head of the Bureau of Labour Statistics (BLS) now at Cornell University, and Duncan Hobbs and Michael Strain of the American Enterprise Institute, a think-tank, hazards an estimate. Preserving trust in “the integrity and quality of official statistics”, the authors claim, generates economic benefits of about $25 for every $1 spent on the BLS, the agency with an annual budget of $700m that is responsible for many of these data. To arrive at their conclusion the quartet analysed an ignoble episode in the BLS’s recent history. On August 1st 2025 Donald Trump sacked Erika McEntarfer, appointed as the agency’s commissioner by his predecessor, Joe Biden. The president alleged, without evidence, that the BLS’s steep downward revision to recent jobs numbers had been “RIGGED in order to make the Republicans, and ME, look bad”. In fact, it was the wanton dismissal that looked bad in the eyes of many observers. In the following seven days there was a 50% leap, relative to the week before, in the average value of the index of Economic Policy Uncertainty (EPU), which tracks the number of articles mentioning such uncertainty that are published daily in American newspapers. This was a discernible jump even when compared to the chaos caused by Mr Trump’s trade war in April 2025 and his real one in Iran in the past two months (see chart 2). Based on Mr Bloom’s earlier study with other colleagues of the EPU’s impact on business investment, industrial production and employment, the authors estimate that the jump reduced American GDP by over $100bn (0.3%) and non-farm payrolls by 168,000 (0.1%). Source: The Economist Immigration and thermostatic politics (Sarah O’Connor in the FT) A strange thing happened a year and a half ago. No sooner had Americans elected Donald Trump as president on an explicitly anti-immigration platform than US public opinion began to swing much more favourably towards immigration. … to political scientists who study “thermostatic” politics, this development is no surprise at all. Public opinion often moves against the prevailing party, especially if they are perceived to have gone “too far” in one direction. The phenomenon was first explored in the 1990s with reference to fiscal policy, but in recent years it has been particularly evident in the realm of immigration policy. While these swings in opinion polls can make it seem as if people don’t know their own minds, they can be a useful democratic check on governments by sending bright flashing warning lights when policies stray too far from the public’s comfort zone. The problem comes when politicians misinterpret those signals. When people tell pollsters they want less immigration, or think it is bad for the country overall (or the converse), they are often expressing an opinion about how things appear to be going in that moment relative to their preferences, rather than a deep shift in their underlying views. According to Alexander Kustov, a political scientist, most Americans’ views are quite stable and moderate: they support immigration that is controlled and in the national interest, and oppose flows that are disorderly or under-enforced. In the US, he argues the Trump administration over-interpreted dissatisfaction with high immigration under Joe Biden, and implemented policies that went too far for many voters. “People don’t necessarily change their idea about their ideal immigration policy, but they can react to what the government is currently doing,” he told me. “A lot of people are not happy with what the Trump administration are doing — right now we’re not talking about border enforcement, we’re talking about people not just getting harassed, but killed.” But similarly, he added, pro-immigration advocates would be making a mistake to interpret the recent, more favourable swing towards immigration as a deep-seated ideological shift in attitudes. The recent history of UK immigration policy offers another cautionary tale. After the 2016 Brexit referendum, public concern about immigration fell. This was partly because net migration statistics declined, but also because people felt a sense of catharsis and control, says Sunder Katwala, director of British Future, a think-tank. By 2019, the public ranked immigration as only the ninth biggest issue of concern, according to Ipsos polling. But when the Conservative government liberalised visa routes for students and care workers between 2019 and 2022, that helped net migration to surge. And so, too, did public concern. Today’s Labour government has implemented another sharply restrictive turn in immigration policy. As Kustov and researcher Caitlyn Yates argue, thermostatic public opinion should be a useful check on politicians. Instead it seems to have helped to magnify the pendulum swing in the UK. The government over-interprets and overreacts to a change in public opinion, which reacts in turn, prompting a sudden swing the other way. Source: Financial Times HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Anna Airy, Shop for Machining 15-Inch Shells: Singer Manufacturing Company, Clydebank, Glasgow, 1918 Racing for a vaccine … we have been here before! The deadly Ebola outbreak in two African countries driven by a virus species with no vaccine has triggered an urgent search for a potential jab, in a test of troubled global efforts to avert threats posed by emerging diseases. A World Health Organization advisory group is due to would meet on Tuesday to recommend candidate jabs to prioritise for clinical trials, the global health body said. It will assess data including an analysis by the Coalition for Epidemic Preparedness Innovations (Cepi), which was set up after failures in the international response to a previous Ebola crisis. The latest Ebola outbreak in Democratic Republic of Congo and Uganda has infected hundreds of people and killed more than 80, health authorities say. Cepi’s reaction will be a crucial indicator of its progress towards its wider goal of producing vaccines for pandemic threats in just 100 days, despite steep cuts to international health funding. “If there was ever a time that we could show the world why Cepi is needed and show the world why the 100-day mission is needed, it’s now,” Nicole Lurie, the organisation’s executive director for preparedness and response, told the FT. “We’re happy to accept that responsibility, but obviously we need help from partners — particularly financial help in the long run.” DR Congo and Uganda would make the final decision on whether to press ahead with any vaccine candidates endorsed for clinical trials by the WHO experts, the global health body said. “Other ethical and community acceptability issues will be considered,” said the WHO, which declared the latest outbreak a public health emergency of international concern on Sunday. “This will be important to make sure that the trial, if it happens, will be adequately communicated to the population.” Lurie said Cepi had provided information from a survey of research teams and companies working on drugs that might be effective against the Bundibugyo virus behind the outbreak. The organisation hoped soon to announce partners in the quest for a jab, she added, although she declined to give a timescale for when one might be developed. Cepi’s Nicole Laurie said global health bodies were ‘getting some live-fire drills’ with hantavirus and the latest Ebola outbreak. The hunt for a vaccine should be helped by scientific advances including the use of artificial intelligence to find drugs active against viruses, Lurie said. Existing jabs against the Zaire Ebola virus responsible for many previous outbreaks might provide a basis for tackling the Bundibugyo species, she added. “We’ll see how far and how fast we can get,” Lurie said, adding that Cepi had done preliminary work recently on a possible jab for the rat-borne hantavirus responsible for a recent fatal outbreak on a cruise ship. “Both with hantavirus and now with Ebola, [we] are getting some live-fire drills.” Source: Michael Peel in the Financial Times Dad-chat is coming for dad-books. (By Pamela Paul and Jeffrey A. Trachtenberg in the WSJ) They were the go-to gifts for Father’s Day: a book about some little-known chapter of World War II, the sweeping narrative of a shipwreck, perhaps the latest presidential biography. These days, dad books are a dying breed. Nonfiction book sales have been in decline for the past four years, and are now the most challenged segment of the print book market. Publishers say certain types of books still fare well—including celebrity memoirs and religious titles. But in recent years, print sales in such categories as biography, current affairs and business and economics—what publishers refer to as “serious nonfiction” and which tend to resonate especially with men—have fallen considerably. Sales of nonfiction print titles were down nearly 8% through May 9 this year, and sales of books about politics and current affairs were down 19%, according to book tracker Circana BookScan. Publishing has long been subject to cyclical changes, with trends in format and genre taking over bookshelves in grand sweeps. (Remember the adult coloring-book craze? Or the stratospheric rise of romantasy?) But many in publishing believe the decline in serious nonfiction is more existential. “The trend couldn’t be clearer,” said Jonathan Karp, the former chief executive of Simon & Schuster and publisher of the new Simon Six imprint. “This is a sea change and people should wake up and realize we’re living in a new world.” One culprit for the shift: a new media diet for fans of more serious nonfiction. … Sixty-two percent of men and 54% of women consumed a podcast in the prior month, according to a recent survey by Edison Research at SSRS, up from 46% and 39%, respectively, in 2023. “When we have internal meetings to talk about this problem, it always comes around to podcasts,” said Jonathan Burnham, president and publisher of the Harper Group at HarperCollins Publishers. “The man who wants to read American history is now tuning into one of the many good podcasts about history that lends the quiet attention to a serious subject he’s looking for. It makes the idea of sitting down with a 700-page Ron Chernow book less appealing. You’ve scratched that itch.” Source: Wall Street Journal Remarkable report by Novara from the nationalist rally in London in mid May. Anna Airy, Leopard Moth and Plums, 1915 If you’ve scrolled this far, you know you want to click: Subscribe
WATCH: Trump speaks at N.Y.'s Rockland Community College, campaigning for Rep. Lawler
President Donald Trump, from a toss-up congressional district in New York on Friday, began testing his midterm-year message that was ostensibly on the economy. But he veered off-topic right from the start, going off on tangents about voter identification, crime in cities, transgender women in sports and “Dumocrats,” his new chosen moniker for the opposition party.
Sutter Health to build tallest tower in Emeryville with updated hospital plan
Sutter Health is putting more muscle behind its planned Emeryville hospital campus, unveiling a bigger and taller vision for the $1 billion project that could permanently alter both the city’s skyline and Sutter Health’s role in the East Bay health care economy. The Sacramento-based health system released updated plans for its Emeryville Medical Center, outlining a 17-story, 780,000-square-foot hospital at Horton and 53rd Streets in Emeryville, the San Francisco Business Times reported. The project would include 325 beds at full buildout, up from the 200 initially proposed, and would become Emeryville’s tallest building if completed as designed, surpassing the 310-foot […]
Poll shows voter confidence in economy plummeting to a nearly 4-year low
Concerns about rising costs are a problem for Republicans ahead of the midterm elections as Trump struggles to deliver on affordability pledges.
German Ifo business sentiment unexpectedly rises
German business morale unexpectedly rose in May, a survey showed on Friday, offering a glimmer of hope for Europe's largest economy.
French Business Confidence Languishes Below Long-Term Average
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Philadelphia sports industry insiders hope summer festivities will translate into new opportunities
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Bellingham business owners air frustrations over ailing downtown economy
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America’s shoppers are seeking revenge again
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SpaceX IPO filing reveals Elon Musk's space economy vision
SpaceX IPO filing reveals Elon Musk's vision for Mars factories, asteroid mining, and space tourism.
Fox News Poll: As economic pain deepens, disapproval of Trump hits new high
Voters grow increasingly pessimistic about the economy and Trump's handling of key issues as affordability dominates the political landscape in 2026.
Welcome to the Victor Wembanyama economy. Plus: Should I ‘buy’ a sports bar?
This week's sports business newsletter from The Athletic includes Spurs relegation, NFL and CFP expansion and curious investment.
Away fans give a boost to North Carolina's sports economy
Heidi Welchlin said she has traveled to several different cities to see the Carolina Hurricanes play.
Business Uncertainty Costs Middle Market Companies Up to 6% of Revenue
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30-year US Treasury yield hits highest level in 19 years
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Quartz is a guide to the new global economy for people who are excited by change. We cover business, finance, economics, technology, lifestyle, and leadership.
Report Warns Distrust in Elections Threatens Business Confidence and Economic Stability
/PRNewswire/ -- As the United States approaches its 250th anniversary, growing distrust in elections poses a threat to both democracy and the economy. A new...
VIDEO: NFIB’s Josh McLeod Discusses Top Small Business Issues on C-SPAN
WASHINGTON, D.C. (May 19, 2026) – NFIB Director of Federal Government Relations Josh McLeod joined C-SPAN’s Washington Journal on Monday to discuss the current state of the small business economy and the top issues that are impacting Main Street. McLeod explains how the 20% Small Business Deduction
Watch live: Rethinking Psychedelic Treatment for America’s Mental Health Crisis
Psychiatry is at an inflection point — and the stakes are high. Mental illness costs the U.S. economy more than $280 billion annually, drives veteran suicide rates, and places mounting strain on ev…
The UAE’s economy and image as Mideast haven are tested by war
The United Arab Emirates for decades advertised itself as a haven for business in the Middle East.
The Bronx to get first city-run grocery store, Mamdani says
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Illinois infrastructure investment strengthens economy and workforce
U of I professor Rober Bruno on how public infrastructure spending fuels job creation and long-term growth in Illinois.
Detroit’s lunch business struggles as hybrid work, economy reshape routines
The traditional sit-down “business lunch” is no longer the reliable revenue stream it was before the pandemic began in early 2020.
Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects
With the midterms nearing, President Trump’s approval rating has hit a second-term low as voters question his handling of the economy, according to the latest New York Times/Siena poll.