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Report: Leaked Michigan Texts Rip Jason Beck’s Offense
Leaked group chat messages have Michigan's tight ends turning on Jason Beck's offense during the bye week. #GoBlue
Former Alabama and Texas A&M coach Dennis Franchione dies
Franchione left Alabama for Texas A&M after the 2002 season amid NCAA sanctions on the Crimson Tide.
'I've learned a lot ': John Mateer trusts his confidence ahead of Red River Rivalry
redriverrivalryoutexasmateermanningvenablessarkisian
The Weather Channel dunks on Titans-Texans matchup
How bad do you have to be as an NFL franchise to get made fun of by The Weather Channel of all things? That’s a question that fans of the Tennessee Titans and Houston Texans are unfortunately now made to ponder. Both AFC South teams are 0-4 to start the season, but both arrive at…
Surface Edge taps new business development director
Surface Edge names Isaac McCoy director of business development to expand multifamily, senior living and student housing in Texas.
Brazil: Lessons from a Disaster
By Antonio Martins (Outras Palavras) Defeats become deeper and more prolonged when we misunderstand what caused them, avoid correcting course, and embrace “solutions” that only compound our mistakes. Lula’s government and the Brazilian left suffered a disaster in Sunday’s election. Contrary to every poll, the president finished the first round 2.2 million votes behind Flávio Bolsonaro—and, more significantly, 3.4 million votes below his total four years ago, when the machinery of the state was working against him and in favor of his opponent. His vote share declined in 98 percent of Brazil’s municipalities. The PL, the main party of the far right, elected 121 deputies and 28 senators, becoming the largest caucus in both houses of Congress. The parties aligned with the Centrão—Brazil’s bloc of transactional center-right parties—were somewhat diminished, but will still hold roughly 250 seats in the Chamber of Deputies and 35 in the Senate. That will make it easier to assemble the majorities needed to amend the Constitution or impeach Supreme Federal Court justices. If elected, Flávio Bolsonaro could appoint four members of the Court, substantially altering its internal balance of power. What produced these results? How can the far right be prevented from consolidating them into a prolonged political hegemony? And what is the essential change of direction the left now needs? Explaining the Disaster Across the commercial media and the exuberant chaos of digital platforms, interpretations are multiplying. Some focus on specific episodes: Lula’s absence from the Globo debate, his very close relationship with Alexandre de Moraes, or his emphasis on issues supposedly remote from most people’s everyday concerns, such as rare earth minerals. Among the more systemic interpretations, three seem especially questionable. One argues that the principal defeat was not the left’s, since its congressional representation declined only slightly. The decisive movement captured at the ballot box, according to this view, was a shift within the right itself—from the more moderate and transactional forces of the Centrão toward the more ideological and radicalized forces of the PL and Novo. A second interpretation holds that the nature of electoral and political processes has changed. The material interests and aspirations of society, it argues, no longer play the central role they once did; they have given way to forms of subjective self-identification that the left has yet to understand. And a third concludes that, because of these two developments, we should expect a political winter: a prolonged period in which the far right and the broader right dominate Brazilian political life. There are important elements in all three interpretations. The problem lies in what they deny or leave out: Lula’s third government was a small-bore government. It offered the majorities that elected it neither a clearly better life nor reasons to believe again in politics and its power to transform society. These failures flowed from two fatal accommodations, which I will examine below. As a result, the government suffered a slow but steady erosion of support. And, as has happened in so many Western countries, it gave the far right the opportunity to present itself as anti-system and to benefit from popular frustration and distress. The interpretation that emphasizes the migration of votes from the center-right and traditional right toward the far right has been advanced, among others, by the courageous journalist Leonardo Sakamoto. In his UOL column on Monday, October 5, he highlights the miserable behavior of the traditional conservative parties. Over the past four years, they repeatedly joined forces with the “neo”-fascists, helping to “normalize” them—a criticism that could equally be directed at almost the entire corporate media. Believing they could use the far right as a stepping stone, they instead ended up partly devoured by it. This was especially true in the Senate, where the PL’s gain of 13 senators and Novo’s gain of two came at the expense of the PSD, which lost nine; the MDB, which lost two; the PSDB, which lost two; and the PP, which lost one. Sakamoto’s observation is accurate and necessary, but it leaves uncomfortable questions unanswered. Why did the erosion of the Centrão benefit the far right rather than, for example, producing growth for the left—as has happened so many times before, both in Brazil and elsewhere? The answer is not difficult. Throughout its four years in office, Lula’s third government was almost invariably associated with the Centrão. Here lies its first accommodation: accepting the limits imposed by conservative institutions; avoiding, as much as possible, any attempt to strain those limits through popular pressure; and believing only in the modest changes that could be squeezed through openings in Congress. The failure of the campaign to end the six-day workweek is emblematic. Lula could have electrified the presidential race by pairing it with a popular campaign for passage of the measure. Instead, he chose to place his hopes in the hands of Senate president Rodrigo Alcolumbre. He generated no mass mobilization, did not force his opponents onto an uncomfortable defensive, and won no victory. In September 2025, the government squandered the greatest of its many opportunities to shake up conservative power in Congress. Popular opposition to the so-called Shielding Amendment—which, if approved, would have restricted criminal proceedings against members of Congress—brought crowds into the streets, mobilized primarily by artists and social movements. This opened the possibility for a broader political education: a campaign that could begin exposing the limits and dysfunctions of Brazil’s political system while putting Bolsonaro’s movement on the defensive for its predictable support of political privilege. The amendment was defeated. But the executive branch then backed away from the fight. It remained associated with an institutional world widely seen as corrupt, elitist, and indifferent to ordinary people’s struggles. In doing so, it forfeited its credibility as a vehicle for the protest vote. On Sunday, it reaped the bitter fruits. Are We Doomed? Taking a different approach from Sakamoto, the philosopher Moysés Pinto Neto and other writers have drawn attention, in their first analyses of October 4, to the fragmentation of the public sphere produced by Big Tech platforms. Through their algorithms, these platforms present each person with a different view of social reality. As a consequence, it becomes much harder to identify common material problems and demands—for example, the fight for labor rights or for a properly funded public health system. Voters no longer embrace such demands, these authors argue, because they no longer see themselves as part of a collective. Instead, they tend to value the identities assigned to them by neoliberal subjectivity—the role of the entrepreneur, for example. On this interpretation, the left’s possible error lies in clinging to outdated illusions. Moysés’s warning is highly relevant and resonates with arguments such as Naomi Klein and Astra Taylor’s “Apocalyptic Fascism and the Billionaires’ Bet.” Unlike a century ago, the far right no longer promises a radiant future. It concentrates instead on resentment—especially that of young men. “They belong to a generation that fears it may never own a home, but compensates with the pleasure it gets from constantly provoking progressives online. Convinced their future has been stolen, they share memes romanticizing historical authoritarian regimes,” the authors write. But Moysés seems to confuse this danger with inevitability. He fails to see that the left’s answer cannot be adaptation. On the contrary, it must strengthen the possibility of politics as collective action. Nor does he recognize that precisely such a reversal is already becoming possible in some of the most promising mobilizations of the twenty-first century: the election, at the end of 2025, of the young Muslim Zohran Mamdani as mayor of New York, on a platform centered on the intensely material fight for an affordable city; the Left Party’s victory in Berlin two weeks ago, built around the demand to expropriate private real-estate corporations; and the very recent wave of demonstrations in Spain—including an occupation of Madrid’s Puerta del Sol—in which tens of thousands of young people mobilized by the Tenants’ Union have demanded limits on rents. By putting itself in the straitjacket of the “fiscal framework” in the first months of 2022, Lula’s third government adopted the second fatal accommodation of its term. Faced with conservative institutions and a country devastated by four years of Bolsonaro, increased public investment was the government’s remaining weapon for offering a more dignified life to the majority and forging an anti-conservative pact with them. The same state that disburses 1 trillion reais a year to enrich a small class of rentiers could instead spend money to extend the Family Health Strategy to every Brazilian, at a cost of 30 billion reais; provide full-day public schooling and childcare to all adolescents and children—and, especially, relief to their mothers; achieve universal sanitation while cleaning up polluted urban rivers; multiply metro systems; begin transforming the urban peripheries; and undertake many other urgently needed projects. In April 2023, an article in Outras Palavras warned that the fiscal framework could “shrink the Lula government and preserve the forces that condemn the country to inequality and regression.” A year later, another article showed that restraints on public spending were strangling policies vital to ordinary people and undermining the president’s popularity. In November 2024 came a reality check, in the form of the government’s humiliating defeat in the municipal elections. Even then, the fiscal lock was neither removed nor loosened. On the contrary: throughout the government’s four years, fiscal restraint remained central to its political narrative. The administration proudly proclaimed that it had “put the state’s accounts in order,” without grasping either how misleading that phrase was—given the payment of 1 trillion reais in interest—or how badly the message was hurting it politically. Lula finally woke up in September 2026. The increase in Bolsa Família benefits, after four years of being frozen; the announcement that anti-obesity drugs would be offered through Brazil’s public health system; and the ban on online betting showed that the state has the power to act decisively on behalf of the majority when those in government are willing to confront obstacles. The huge marches that closed the campaign in Fortaleza, Salvador, Rio de Janeiro, and São Paulo on the eve of October 4 showed how such initiatives can mobilize activists and the broader public. But it was too late—and too little to change the outcome of the first round. History has not ended The possibility of a turnaround in the three weeks leading up to November 25 cannot be ruled out. It will not be simple or easy. Lula must not only make up a deficit of 2.2 million votes; he must also offset the movement of voters who backed other right-wing candidates in the first round, most of whom are likely to move toward Flávio Bolsonaro. Pulling that off will require a broad, grassroots effort to win over voters, potentially reinforced by new initiatives from Lula. The coming hours and days will be decisive. If Bolsonaro’s movement also wins the presidency, the result will create a high-risk situation for Brazilian sovereignty and democracy. The enormous challenges posed by such an outcome would require the left to reexamine, in depth and with a genuine willingness to engage in self-criticism, its political projects—or its lack of them—and its practices. But would that mean we are condemned to the long winter of far-right hegemony that some analyses are beginning to forecast? It is far too early to say, suggests a recent text by Álvaro García Linera, the thinker who served as vice president of Bolivia under Evo Morales. His central hypothesis is that this political current will prove short-lived. At a moment when the entire world is once again talking about sovereignty and protecting national economies, the far right offers a stale, recolonizing neoliberalism. Its submission to the United States is as blatant and pathetic as Flávio and Eduardo Bolsonaro’s overtures to Donald Trump. Its project amounts to something like every man for himself: greater inequality, capitalism without limits, devastation, and supremacism. Will it work? In the United States, just two years into his second term, Trump himself is reaching record levels of unpopularity and may be on the verge of losing Republican control of both the House and Senate in November. Every new beginning is difficult. Whatever the outcome of the second round, the defeats of October 4 show how profoundly the Brazilian left will have to rethink and rebuild. But just as it would be foolish to underestimate the seriousness of its mistakes, it would be equally foolish to conclude that rebuilding a political project is no longer possible. History has not ended. The times are moving faster than ever. Originally published in Portuguese by Outras Palavras. English translation by Eric Blanc; I’ve added the subtitles. More We can’t stop the far right at home or abroad without a revitalized labor movement, which is yet another reason why you should become a sustaining supporter of the Emergency Workplace Organizing Committee (EWOC) — one of US labor’s pivotal bright spots. Relatedly, Jacobin published a short piece of mine reflecting on a decade of Bernie Sanders inspiring a whole new generation of young worker organizers.
Houston Texans Opening Odds Vs Tennessee Titans
Texans odds against the Titans presented by FanDuel
CD&R and McKesson Corporation Sign Agreement to Acquire Option Care Health
NEW YORK & IRVING, Texas & BANNOCKBURN, Ill., October 06, 2026--CD&R, McKesson Corporation (NYSE: MCK) ("McKesson"), and Option Care Health, Inc. (Nasdaq: OPCH) ("Option Care Health") announced today that they have entered into a definitive agreement, under which CD&R and McKesson will acquire Option Care Health, an independent provider of home and alternate site infusion services, for $32.05 per share, reflecting a total enterprise value of approximately $5.8 billion. At the closing of the tran
Health Sense by Cigna Healthcare: How it works, AI, clinical support, and availability
Health Sense connects relevant data, context and clinical expertise to help Cigna Healthcare teams deliver more personalized, continuous support – so people can make informed decisions and act sooner. A phased rollout for eligible customers with oncology and cardiometabolic health needs will begin in early 2027.
FDA recalls Gatorade in Texas over unlisted food coloring
PepsiCo recalled over 120,000 cases of Gatorade in 37 states. Is Texas on the list?
Austin Simmons Headlines Missouri's Biggest Offensive Threats to Texas A&M
Austin Simmons leads a Missouri offense that has emerged as one of the SEC's biggest early surprises, but Texas A&M will have to account for three other playmakers as well.
Patient Dies By Suicide After 'Insurance Issue' Delayed Medicine For Lung Disease Flare-Ups
By Lauren Sausser and KFF Health News HealthDay ReportersTUESDAY, Oct. 6, 2026 (HealthDay News) — Kenney Blewett was diagnosed with lung disease more than a decade ago but started experiencing flare-ups this year that made him feel like he couldn’t breathe. Blewett, of Kyle, Texas, described those ...
Kacey Musgraves covers Selena and finds 'Middle of Nowhere' in Houston
Kacey Musgraves brought Selena covers, Tex-Mex soul & radical inclusion to Houston’s Toyota Center.
'Somebody messed up, right?' Texas Senate ads appeared during NFL games nationwide. Here's why.
Texas voters get ‘Are you white?' political texts targeting James Talarico
Texas voters received political texts asking, “Are you white?” NBC 5 traced the website targeting James Talarico to political group AMERIPAC.
Election Day nears without Senate, governor debate in Texas
No general election debates would be a dramatic departure from past Texas elections.
Week 6 honor roll for Central Texas high school football
Week 6 of the Central Texas high school football season is in the books. Here is the honor roll for the Austin area.
Mike Elko Gives Update On Texas A&M Freshman Linebacker Injury
Mike Elko offered positive news on freshman linebacker Tamarion Watkins as Texas A&M prepares for a major SEC road test against No. 14 Missouri.
Send us your questions for Texas Senate candidate James Talarico
Calling all Texas Republicans, Democrats, and Independents! Are you a registered voter in Texas? Then submit questions for CNN & Jubilee’s Town Hall with James Talarico on Wednesday, October 14 and engage in a direct conversation with the Texas Democratic Senate candidate on the issues that matter most to you.
McAllen’s Soft-Landing Program Generates Business Interest in Tampico, Mexico
The City of McAllen is expanding its economic diplomacy efforts following a successful business engagement in Tampico, Tamaulipas, Mexico, where approximately 25 prospective business owners expressed interest in expanding into the United States through McAllen’s Soft-Landing Program.
Ted Cruz Says JD Vance Is ‘Feeling Insecure’ amid ‘Political Bomb-Throwing’ Ahead of 2028 GOP Primary
“In my experience, people engage in political bomb-throwing when they’re feeling insecure,” the Texas Republican said of the vice president over the weekend
Texas improved its health during the bye week
“I think we’re healthier than we were this time a week ago.”
Texas AG investigating second health insurer over delayed, denied care
The Texas attorney general's office has launched an investigation into UnitedHealth Group, citing reports of nursing home bribes and revoked coverage.
Houston high school football: Week 6 takeaways and top performers
Landen Williams-Callis is passing Texas high school football legends, Friendswood is off to its best start in 16 years, Bridgeland is surging toward another district title run.
Silly Dillys Wins $30,000 at RISE Up Harlingen Business Pitch Competition
Silly Dillys captured first place and a $30,000 award at the third annual RISE Up Harlingen Business Pitch Competition, leading a group of local entrepreneurs receiving financial support to develop and expand their businesses.
How former Cyclones performed in Week 4 of the NFL
Ten former Cyclones made appearances in Week 4 of the NFL and played a combined 543 snaps on offense, defense and special teams. Breece Hall – New York Jets Hall did not play against the Chicago Bears due to a quad injury sustained during the Lions game in week three. Jake Hummel – Houston Texans Hummel […]
CeeDee Lamb’s late TD caps a wild Cowboys rally to beat winless Texans 34-30
The Cowboys star receiver had a career day in Houston.
New AI Detector Spots Machine-Written Science Papers With 91.5% Accuracy
Researchers in Jordan have developed a hybrid deep learning detector that distinguishes human-written scientific text from output generated by ChatGPT, Gemini, and LLaMA-3 with 91.5 percent accuracy.
UT San Antonio Health Science Center study finds elevated levels of toxicants in teeth of children with autism
Suggests children are ‘chronically and repeatedly exposed’ to dozens of potentially harmful chemicals Contact for media: Steven Lee, (210) 450-3823, lees22@uthscsa.edu Content provided by Claire Kowalick SAN ANTONIO, Oct. 5, 2026 – A pilot study by The University of Texas at San Antonio Health Science Center found elevated levels of toxicants in the primary teeth […]
UT San Antonio Health Science Center study finds elevated levels of toxicants in teeth of children with autism
Suggests children are ‘chronically and repeatedly exposed’ to dozens of potentially harmful chemicals Contact for media: Steven Lee, (210) 450-3823, lees22@uthscsa.edu Content provided by Claire Kowalick SAN ANTONIO, Oct. 5, 2026 – A pilot study by The University of Texas at San Antonio Health Science Center found elevated levels of toxicants in the primary teeth […]
ESPN FPI predicts Texas A&M vs. Missouri in Week 6
ESPN FPI only gives Missouri a three percent edge of Texas A&M before Saturday's Week 6 matchup.
Bulgaria U21 v Scotland U21
Follow live text commentary, score updates and match stats from Bulgaria U21 vs Scotland U21 in the UEFA U21 Championship Qualification
OPKO Health (OPK) Sharpens Its Focus, Is It Still A Bargain?
OPKO Health (OPK) has been drawing attention after recent trading moves around its US$1.56 share price, with investors weighing its mixed return profile over the past year against longer term performance trends. For context, OPKO Health’s recent pullback, with a 7 day share price return of down 4.29% and a 30 day share price return of down 4.88% from US$1.56, comes after a stronger 90 day share price return of 4.70% and year to date share price return of 22.83%. The 1 year total shareholder...
True Food Kitchen Initiates Voluntary Chapter 11 Proceedings to Position Business for Long-Term Success
True Food Kitchen (the "Company") today announced that it and certain affiliates have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the "Court").
What to Stream: Oasis doc, Pitbull, 'Carrie' series, 'Gears of War: E-Day' and 'Disclosure Day'
New streaming entertainment options are arriving this week, including an Oasis documentary, Pitbull record, and a new game in the blockbuster "Gears of War" franchise. The documentary "Oasis: Don't Look
C.J. Stroud Does Not Hold Back After Cowboys Beat Texans
Houston Texans quarterback C.J. Stroud spoke candidly following their blown lead and loss to the Dallas Cowboys in Week 4. The post C.J. Stroud Does Not Hold Back After Cowboys Beat Texans appeared first on HEAVY.
Apple Hiring 'iCup' Specialist
Apple recently posted a job listing for an "iCup Supply Specialist" who would be responsible for ensuring that "all Apple employees have access to freshly brewed coffee in their break room". MacRumors contributor Aaron Perris highlighted the job listing this weekend, but it turns out that Apple has been using the "iCup" name since at least 2014.
CHRISTUS Health Plan to withdraw from Medicare Advantage
TEXARKANA, Texas -- Thousands of East Texas seniors with CHRISTUS Medicare Advantage plans will need to find a new provider for coverage by Dec. 7 this year.
Texas A&M Still Outside Coaches Poll After Dominant Arkansas Win
Texas A&M crushes Arkansas 34-7 behind a dominant rushing attack and strong defense, but the Aggies remain outside the latest US LBM Coaches Poll.
Cowboys' touchdown with 40 seconds left beats Texans 34-30
CeeDee Lamb's 17th reception from Dak Prescott was the game-winner.
Exploring Corey Seager's Rollercoaster Season
Texas Rangers shortstop Corey Seager had an arduous 2026 season, but he still demonstrated the type of player he can be.
Binational health event kicks off this week to promote better access
EL PASO, Texas (KTSM) — The Consulate General of Mexico in El Paso will host its 26th Binational Health Week, which will be observed throughout October. The idea is to expand access to health services, promote prevention and “foster a culture of well-being among the Mexican, Hispanic, and local communities,” the Consulate General said in […]
Opening Odds: Mizzou slightly favored over Texas A&M
Mizzou stays home to try and follow up a Homecoming masterclass.
NI team will 'have bumps along the road'
Follow live text commentary, score updates and match stats from Northern Ireland vs Georgia in the UEFA Nations League
Tejas Fest brings Texas flavor to downtown Victoria
Live music? Check. Fresh street food? Check. Cowboy demonstrations, stilt walkers and Chihuahua races? Check, check and adorably check. The third annual Tejas Fest returned to downtown Victoria this weekend, […]
In Texas, struggling small businesses turn to happy hours
Owners and operators are getting creative to stay afloat.
Two kickoff returns for touchdowns help FAU crush Texas Southern
Leonard Farrow returned two kickoffs for touchdowns in the first quarter, one on the opening play of the game, to help the Owls post an easy win in Boca Raton.
Manchester City v Arsenal
Follow live text commentary, score updates and match stats from Manchester City vs Arsenal in the Women's Super League
How the shooting death of a Houston father is igniting Latino politics in Texas
Lorenzo Salgado Araujo was shot and killed on his way to work by ICE agents, who said he used his vehicle as a weapon. An outraged community is demanding justice — and change.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Central Texas Soul Fest returns to Temple for fourth annual celebration
The Central Texas Soul Fest will bring Southern Soul, R&B and live entertainment to the MLK Festival grounds on Saturday, Oct. 10, in Temple.
Politics chat: Midterm polls, Senate races, Trump in Texas
As polls come out with increasing frequency closer to the midterm election, how much credence should voters give them? Meanwhile, President Trump continues campaigning for GOP candidates.
Everton v Birmingham City
Follow live text commentary, score updates and match stats from Everton vs Birmingham City in the Women's Super League
Pandora mission begins science operations
Seven months after launch, Pandora has officially begun its mission: to catch never-before-seen glimpses of worlds beyond our
My afternoon becoming a background actor on ‘The Chosen’
I spent an afternoon on the Texas set of ‘The Chosen,’ where a stop at the costume closet transformed me into a first-century background actor
In Austin and beyond, nonprofit groups help musicians pay for health insurance
AUSTIN, Texas — Musician Zack Morgan jokes that when he lost his corporate job in 2015, it was like being pushed off a cliff. For years, he said, he’d been
Democrats Lead Governor Races Deep in Republican Territory, Polls Show
Democratic advantages in the races for governor in Texas, Iowa, Ohio and Alaska reflect deep unhappiness with President Trump and the economy. A Republican leads in Kansas.
Why Ken Paxton could lose a Texas GOP Senate seat to James Talarico
Plagued by ethics allegations, the Senate candidate is unusually vulnerable for a red state Republican.
Why Ken Paxton could lose a Texas GOP Senate seat to James Talarico
Plagued by ethics allegations, the Senate candidate is unusually vulnerable for a red state Republican.
Where to watch Texans vs. Cowboys today: Channel, live stream, time, TV schedule for Week 4 NFL game
All you need to know to watch the Texans host the Cowboys in Week 4, including TV channel and live streaming info.
Texas high school football: Saturday's scores from Week 6
Saturday's Houston-area and statewide scores from Week 6 of the Texas high school football season.
CBS Austin sports anchor Darby Brown leaves Texas after 10 years
She's headed back to her hometown.
No. 5 SFA Lumberjacks beat UIW Cardinals 28-26
NACOGDOCHES, Texas (KETK) — The fifth-ranked SFA Lumberjacks football team was back at Homer Bryce Stadium for the second-straight week to host the Incarnate Word Cardinals in a Southland Conference matchup. SFA ended up holding off the Cardinals 28-26 to stay unbeaten this season. SFA quarterback Gavin Rutherford passed it to Jaylen Jenkins who ran […]
Ken Paxton’s estranged wife urges voters to back him in new ad
The ad hit the airwaves as Republican Ken Paxton is lagging behind Democratic candidate James Talarico in polls on the Texas Senate race.
Georgia no. 1, Tennessee third in business magazine rankings
For the 13th straight year, Area Development magazine has put Georgia atop of its 2026 list of top states for doing business. Tennessee came in at No. 3 on the list, just behind Texas.
Ken Paxton’s estranged wife backs him without saying his name
Texas state Senator Angela Paxton, Ken Paxton’s estranged wife, threw her support behind the Texas GOP Senate nominee without naming him, saying in a new ad that she will be “voting for the Republican ticket.” The ad comes after Paxton urged Republican women in remarks last month to support GOP candidates even if they have reservations about them.
Latino Dems urge Democratic Governors Association to put money behind Gina Hinojosa as Texas governor's race tightens
How Rangers Are Planning to Attack Offseason
The Texas Rangers will have an interesting offseason ahead after failing to qualify for the postseason for the third consecutive season since winning the title.
Senate GOP smashing political spending records in TX with ad-buying binge for Paxton
KVII serves the Amarillo, Texas and Panhandle region with local news, sports and weather for the city and surrounding towns, including Canyon, Hereford, Borger, Pampa, Dalhart, Dumas, Childress, Perryton, Clarendon, Texas; Guymon, Oklahoma; and Clovis, Portales, Tucumcari, New Mexico.
Ken Paxton’s estranged wife backs his candidacy — without mentioning him by name
Ken Paxton’s estranged wife threw her support behind the Texas GOP Senate nominee without naming him, saying in a new ad that she will be “voting for the Republican ticket.”
South Texas Health System (@stxhealthsystem)
1 likes, 1 comments - stxhealthsystem on October 3, 2026: "A Gathering of Compassion, Commitment & Community: The Texas Association of Healthcare Volunteers (TAHV), a statewide organization dedicated to supporting, training and connecting healthcare volunteers, recently held its District 3 Meeting at South Texas Health System Edinburg. Volunteers from across South Texas and the Coastal Bend gathered to learn, share ideas and strengthen the vital role they play in supporting patients, families and healthcare teams throughout their communities. The Auxiliary to STHS (@auxiliarytosths) is made up of more than 350 student and adult volunteers who help enhance the patient experience across the health system. To help make this year's event a success, auxiliary members from hospitals throughout the Rio Grande Valley came together to plan, coordinate and host the annual meeting. We extend our heartfelt thanks to everyone who attended and contributed to this inspiring event. Your dedication, compassion and service make a lasting impact in hospitals across the Rio Grande Valley and beyond.".
As She Divorces Ken Paxton, His Wife Urges Texans to Vote for Him
In a new ad, Angela Paxton tells voters to focus on the “whole team,” not “individual players.”
Houston Texans vs. Dallas Cowboys: NFL Week 4 predictions from Houston Chronicle sports staff
Can the Texans avoid an 0-4 start as they face the Cowboys at home? The Houston Chronicle staff makes its predictions.
Chargers Draft Scouting: Texas Tech LB Austin Romaine
Could Austin Romaine be the next great Chargers linebacker?
Does Texas football play today? No. 1 Longhorns' remaining schedule
After going 4-0 to begin the season, top-ranked Texas football now awaits a matchup with bitter rival Oklahoma.
How to watch the Texas A&M vs Arkansas game tonight
A pair of 2-2 teams that could desperately use a victory will meet tonight. Here's TV info, time, location and more for Texas A&M vs. Arkansas football Saturday
Bye week open thread
Ah, the sweet relief of a stress-free Saturday watching college football. The No. 1 Texas Longhorns will head into the Cotton Bowl next weekend against the Oklahoma Sooners as the top-ranked team in both polls after the season’s only bye week affords the burnt orange and white faithful a chance to relax and enjoy the […]
Fast start for Texas Business Court fuels calls for statewide growth
With only five of the 11 divisions funded, West, East and South Texas are left without access to the business court.
How to watch no. 10 BYU Football at TCU
BYU Football is back in action after a bye on Saturday evening in Fort Worth, Texas. The Cougars will face off against the TCU Horned Frogs in what will be the second Big 12 Conference game for each team. BYU had a week off after defeating Colorado State in Colorado on Sept. 19. The final […]
Eagles legend Don Henley puts big money into turning Texas blue
The Texas native is top donor to several statewide Democratic candidates and a major player in super PACs helping James Talarico.
Trump is campaigning in reliably red states, a sign of midterm concerns
Trump is rallying in Republican strongholds such as Texas, Oklahoma and Alabama, betting that his presence will be enough to energize voters who might be thinking of sitting out the election.
In Texas, Talarico Inspires a Recurring Blue-Tinted Dream
After a dry spell of more than three decades, Democrats are daring (yet again) to believe they can win one or more top-of-the-ballot races in a vast and stubbornly red state.
Why Texas politicians survive scandals
Voters know Texas politicians have skeletons, but why doesn't it change anything?
What Texas race says about current politics
At an intersection near our house in Dallas, one home has a large Talarico sign in the front yard. The home directly across the street has a large Paxton sign.
Two generations of Army dietitians celebrate selection for Army Baylor program
FORT SAM HOUSTON, Texas — The U.S. Army Medical Center of Excellence, joined by Soldiers, families and distinguished guests, celebrated the selection of...
Texas Tech vs Colorado Prediction: Is This When The Buffaloes Turn This Around?
It's been a rough run for Deion Sanders and Colorado, but nothing would change the momentum faster than a win over Texas Tech. Here's the CFN preview and prediction.
Week 6: Texas high school football scores & highlights
DAINGERFIELD 35, HOOKS 70 BECKVILLE 42, WASKOM 13 JACKSONVILLE 24, KILGORE 42 TENAHA 28, OVERTON 70 PEWITT 56, UNION GROVE 22 QUEEN CITY 34, REDWATER 50 PINE TREE 42, PALESTINE 10 Plays of the Week OTHER SCORES: NEW BOSTON 35, HUGHES SPRINGS 33 HARLETON 35, ORE CITY 15 LINDEN-KILDARE 28, MERRYVILLE 36 (THURSDAY) MT VERNON […]
HIGHLIGHTS: Glen Rose vs. Greenwood
MIDLAND, Texas (KMID/KPEJ) – Greenwood was back at home taking on the Glen Rose Tigers and the Rangers fell 35-17. With the loss, the Rangers are now 3-3, and next week they’re at home against San Angelo Central. Watch the video above for the highlights.
HIGHLIGHTS: Somerset Academy (NV) vs. Midland Lee
MIDLAND, Texas (KMID/KPEJ) – Midland Lee dominated Somerset Academy from Nevada 61-6 as the Rebels improved to 4-2. Next week the Rebels kick off district play at home against Permian. Watch the video above for the highlights.
HIGHLIGHTS: Arizona Compass Prep vs. Odessa
ODESSA, Texas (KMID/KPEJ) – The Arizona Compass Prep Dragons spoiled the Odessa Bronchos’ homecoming as the Dragons won 31-27. With the loss, the Bronchos drop to 2-4, and next week they kick off district play at home against Midland. Watch the video above for the highlights.
HIGHLIGHTS: Hale Center vs. Iraan
IRAAN, Texas (KMID/KPEJ) – Iraan faced Hale Center in a neutral site game in Andrews and the Braves came out victorious 41-6. With the win, the Braves improved to 4-2, and next week they hit the road to start district play against Wink. Watch the video above for the highlights.