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Strike three? Not quite. St. Charles-Vandebilt title winner rallies after close pitches called balls
SULPHUR — One pitch made all the difference for St. Charles Catholic in the state championship game.
Auditions for the next James Bond are finally underway
The name’s Bond, James Bond. But what’s the name of the next person who’ll be playing him?
Auditions for the next James Bond are finally underway
The name’s Bond, James Bond. But what’s the name of the next person who’ll be playing him?
In New Orleans area, voters took to the polls: “This time it is more important”
Across the New Orleans area on Saturday, a steady stream of residents filed in and out of their polling stations as they would in any other election.
Mental Health Resources
As Real Salt Lake and Utah Royals FC honor Mental Health Awareness Month, the Club encourages all fans, staff, and players to remember that they are never alone. Reaching out for support is a sign of strength. Together with our partner Intermountain Health, here’s how we're working to support mental
Letter from the editor: Farewell from the executive science editor
Journalism was probably the last thing on my radar when I walked through the club fair as a first-year. And for most of my time at Tufts, it stayed that way. My best friend Carmen was super involved in that world, but her involvement was the closest I got to that space.
Science and Technology students honored by Southeastern
HAMMOND --- Southeastern Louisiana University’s College of Science and Technology recognized students for outstanding academic performance at the college’s honors convocation held May 6.
OU softball dominates Kansas in Norman Regional
No. 1 seeded OU softball (50-8) defeated Kansas (36-19) 9-0 in five innings Saturday at Love’s Field.
Louisiana’s new closed party primary causes confusion at the polls on election day
“There’s confusion throughout the state,” said one elections official.
The 10 best performances at the 2026 Eurovision Song Contest
The 2026 Eurovision Song Contest final in Vienna has showcased acts from 25 countries. But not all songs are created equal. The 10 best on Saturday night included Romania's entry,
The 10 best performances at the 2026 Eurovision Song Contest
The 2026 Eurovision Song Contest final in Vienna has showcased acts from 25 countries. But not all songs are created equal. The 10 best on Saturday night included Romania's entry,
Newman and U-High’s title-clinching game ended with the bases loaded. ‘I was kind of freaking out.’
SULPHUR — The fly ball that ended the state title game came with the bases loaded and Newman ahead by three runs.
Emory physicist takes science out of the lab and onto the playground
Click here for updates on this story
Lilburn to kick off summer with Splash Bash at City Park
The City of Lilburn invites residents and visitors to kick off the season at Splash Bash, a vibrant, family-friendly celebration taking place at Lilburn City Park on May 30 from
Nebraska baseball clinches No. 2 seed with series sweep at Minnesota
When Nebraska was swept by Ohio State on the road just two weeks ago, all hope of hosting a regional seemed lost. To even remain in the conversation would require a near-perfect finish to the regular season. And that’s exactly what happened.
Dear Abby | Old friend reappears after years of no contact
Dear Abby: I had three close girlfriends in college. We lost touch with one of them more than 35 years ago. She has family in our area but moved to
Player availability report, presented by Orlando Health Jewett Orthopedic Institute: Orlando Pride at Denver Summit
Here is this week's player availability report, presented by Orlando Health Jewett Orthopedic Institute, for Saturday's away match at Denver Summit
Player status report, presented by Orlando Health: Orlando City SC vs Atlanta United
Here is the Player Status Report, presented by Orlando Health, for Saturday's home match vs Atlanta United
What to know about Harvey Weinstein's cases after his recent mistrial
NEW YORK (AP) — A New York judge declared a mistrial Friday in Harvey Weinstein ’s rape case from the #MeToo-era that has gone to trial three times so far
Local partnerships provide free admission to Museum at the Bighorns, Brinton
The Museum at the Bighorns joins the lineup of other Sheridan County museums providing free admission through donation partnerships with local businesses, individuals and nonprofits.
Business Briefcase
• Patricia Thompson of Way-Fil Jewelry in Tupelo achieved the Advanced Certified Gemologist Appraiser title from the American Gem Society, an association of professional jewelers in North America.
Effective pitches rewarded at Barclays Small Business Fair and Competition
Checks in hand, a number of small businesses and entrepreneurs are getting a boost toward reaching their goals.
Tri-state political maps unlikely to change despite national redistricting debate
While a recent U.S. Supreme Court ruling has lawmakers in some states talking about redrawing their congressional maps, it’s unlikely Iowa, Illinois or Wisconsin will see any changes ahead of
Business Briefs for Saturday, May 16, 2026
This week's digest of area business announcements, milestones and news.
Game over? Not yet. Title-clinching run comes off board as Brother Martin, Catholic battle in extras
Catholic-Baton Rouge drew a walk with the bases loaded for what would have been the state championship-clinching run in the bottom of the ninth, but the batter turned to celebrate
New Business: Campo Enoteca to expand to Nashua; Yamas Greek Eatery opens in Concord
Eric Maxwell bought Campo Enoteca, a farm-to-table Italian restaurant on Elm Street in Manchester, three years ago with the idea he would eventually expand.
BIA Business Perspective: Smart tax policy can expand our workforce and economy
By Michael Skelton
(LETTERS) Business council spending, Wyoming judicial retention system and state politics
Oil City News publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of Oil City News or its
(LETTERS) Business council spending, Wyoming judicial retention system and state politics
Oil City News publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of Oil City News or its
What to know about the mistrial in Harvey Weinstein’s rape retrial
A New York has declared a mistrial in Harvey Weinstein’s rape case from the #MeToo-era that has gone to trial three times so far after a jury was unable to
What to know about the mistrial in Harvey Weinstein’s rape retrial
A New York has declared a mistrial in Harvey Weinstein’s rape case from the #MeToo-era that has gone to trial three times so far after a jury was unable to
OU softball run rules Binghamton to start regionals
No. 1 seeded OU softball (49-8, 20-4 SEC) defeated Binghamton (20-26, 15-5 America East) 11-0 Friday in the first round of NCAA regionals.
Player Availability Report: #ATXvSKC
Player Availability Report is SportingKC.com’s look at the latest status updates around the team ahead of upcoming matches and is presented by Saint Luke’s. All details listed are from the league’s official Player Status Report that is submitted the day prior to the match. Sporting Kansas City is back on
Boonville searching for new hotel to accommodate traffic from sports venues
The town hasn’t added a new hotel in 20 years, and said it is yet to find a brand willing to build in Boonville instead of nearby competing markets.
New documentary takes closer look at post-removal education
A new documentary from the Cherokee Nation explores the legacy and generational impact of post-removal seminaries established for young Cherokees in the mid-1800s.
ABA Journal earns honorable mention as Magazine of the Year from business publication editors
The ABA Journal took home an honorable mention as the Magazine of the Year, and its staff won five other awards Thursday in a national contest hosted by the American Society of Business Publication Editors.
One team’s explosive offense force Newman and U-High into decisive finals Game 3
Christian Sauska ran to second base and raised his arms outward has he looked to the sky, celebrating his team’s sixth extra-base hit — all in the first two innings
Santa Maria Business Expo brings public and businesses together Thursday
The Santa Maria Valley Chamber of Commerce's 2026 Business Expo and Job Fair took place Thursday at the Santa Maria Fairpark, where attendees interacted with various business for networking and
‘Each feminist advance in American public life has prompted an equally strong backlash’
Opinion, comment and editorials of the day
County getting into the Entertainment (Zone) business
Hoping to help local businesses and attract more visitors ready to spend some money, the El Dorado County Board of Supervisors on May 12 conceptually approved the establishment of Entertainment
Politics Friday: Minnesota lawmakers reach a session-ending deal, now race to get it through
MPR News politics editor Brian Bakst talks with four caucus leaders about a session-ending agreement and how they’ll shepherd it through this weekend.
Why the Chargers Have Some of Top Games on 2026 NFL Schedule
Sports Illustrated’s Conor Orr highlighted the Chargers-49ers primetime matchup as one to watch in 2026
Jurors struggle to decide Harvey Weinstein's rape retrial
The jury in Harvey Weinstein’s rape retrial says it's at loggerheads, but a judge has told the panel to keep trying for a verdict. The signs of stalemate emerged Friday,
Saints Jamie Meeks awarded ASPDA Service Award
Director of Sports Nutrition honored at American Sports and Performance Dietitians Association’s 18th Annual Conference
SC Gov. Henry McMaster defends state’s redistricting debate as a path to ‘functioning Congress’
McMaster defended reopening the debate over South Carolina’s congressional map. “Can we represent our state better with different districts? I think the answer is yes,” the governor said.
Coe-Brown boys volleyball team bears down, extends streak
DOVER — After going undefeated on the way to winning the program’s first state championship last year, the Coe-Brown Northwood Academy boys volleyball team knows there is a big target
Andy Reid: Chiefs' schedule no hint on Patrick Mahomes' health; QB 'making progress' on knee injury
The Kansas City Chiefs have been scheduled to play in primetime twice to open the 2026 campaign. Appearing on The Insiders Thursday, Andy Reid says he didn't talk to the league about Patrick Mahomes (knee) health but the star quarterback is making progress.
Rome's Bellamy Harbor Park Hosts Free July 11 Concert and More
A free outdoor concert series will bring music and community celebration to Rome this summer as part of the Water Music NY: More Voices Festival.
Letters to the Editor: When AI comes for your job in entertainment, maybe then you’ll care
'According to one 2024 report, more than 200,000 jobs in the entertainment industry could be displaced by AI. Those most likely to be affected include background actors, crew members, production staff and positions such as grips and prop masters,' writes an L.A. Times reader.
Britain Politics
Larry the cat, Chief Mouser to the Cabinet Office and a police officer are next to the 10 Downing Street door in London, Friday, May 15, 2026.(AP Photo/Kin Cheung)
Gallery: Murrells Inlet bars filled with bikers for 2026 spring bike rally
Bikers and many interested onlookers visited Murrells Inlet on Thursday, May 14, 2026 for Myrtle Beach Bike Week spring rally festivities.
AI research papers are getting better, and it’s a big problem for scientists
Journal editors and peer reviewers are being flooded with AI-generated papers that are almost impossible to detect.
Lancaster County public sales: May 15, 2026
Martin & Rutt Auctioneers LLC, of New Holland, conducted a public auction of real estate May 7 for John and Judy Burkholder at 1361 Woodland Circle, Denver. A three-bedroom Colonial-style
Community: Assumption High rodeo raises funds for FFA program
Rodeo fans enjoyed a weekend of fun, festivities and western entertainment at the 14th annual Assumption High School FFA Benefit Rodeo at the Assumption Parish Agriculture Complex April 24-25.
Britain Politics
From left, Mayor of London Sadiq Khan, Prime Minister Keir Starmer, Commander Clair Haynes, and Commissioner Mark Rowley meet police officers to discuss operational planning, in London, Friday, May 15,
Germany Politics
A girl protests during German Chancellor Friedrich Merz's speech at a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday,
Louisiana university focuses on wellness and nutrition, starting with its medical students
Wellness knowledge starts in medical school, a Louisiana university leader says. Here's how one Louisiana hospital system is examining nutrition training.
Britain Politics
From left, Commander Clair Haynes, Prime Minister Keir Starmer and Mayor of London Sadiq Khan meet police officers to discuss operational planning, in London, Friday, May 15, 2026. (Peter Nicholls/Pool
Germany Politics
German Chancellor Friedrich Merz, second right, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026.
Germany Politics
German Chancellor Friedrich Merz, center, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026. (AP
Britain Politics
Britain's Prime Minister Keir Starmer meet with police officers to discuss operational planning ahead of this weekend's protests in London, Friday, May 15, 2026. (Peter Nicholls/Pool Photo via AP)
Germany Politics
German Chancellor Friedrich Merz, center, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026. (AP
Britain Politics
Britain's Prime Minister Keir Starmer and Commander Clair Haynes meet with police officers to discuss operational planning ahead of this weekend's protests in London, Friday, May 15, 2026. (Peter Nicholls/Pool
Wrestler, musician shouts out Chameleon Club on local rock radio show
Chris Jericho, a professional wrestler and musician, recently talked about his experience at the Chameleon Club in Lancaster on a local morning show.
‘Football City USA’ adds players, including Steelers’ Mason Rudolph, to York County Sports Hall of Fame
Rock Hill hosted the York County Sports Hall of Fame ceremony, featuring the induction of NFL quarterback Mason Rudolph of the Pittsburgh Steelers, plus other former athletes and coaches.
Louisiana casino revenue growing faster than national average, thanks to expansions
Thanks to a series of upgrades that moved some aging riverboat casinos onto land, a $435 million transformation of Caesars New Orleans and a glitzy new casino in Bossier City, Louisiana’s state regulated gambling halls saw their revenues in 2025 grow well above the national average.
Britain Politics
Journalists wait opposite 10 Downing Street in London, Friday, May 15, 2026.(AP Photo/Kin Cheung)
Britain Politics
Journalists wait opposite 10 Downing Street in London, Friday, May 15, 2026.(AP Photo/Kin Cheung)
Britain Politics
Britain's newly appointed Secretary of State for Health and Social Care James Murray leaves 10 Downing Street in London, Friday, May 15, 2026.(AP Photo/Kin Cheung)
Britain Politics
Britain's newly appointed Secretary of State for Health and Social Care James Murray leaves 10 Downing Street in London, Friday, May 15, 2026.(AP Photo/Kin Cheung)
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
Local business leaders, state commit $13 million to Field of Dreams
DYERSVILLE, Iowa — Dubuque County families and business leaders and the state of Iowa have committed $13 million to support ongoing and future development at the Field of Dreams movie
When an airline goes out of business
I had no experience with how to handle such things, so when the ticket agent told me to move off to the side and wait for them to find another
Council approves Entertainment Zone; review set for fall
An Entertainment Zone was officially established in downtown Winters at the May 5 Winters City Council meeting after a final vote was delayed to allow more time for public feedback.
SCHEDULE RELEASE! School Science Fair With Bill (Croskey-Merritt) the Science Guy
Washington Commanders Video: the latest Washington Commanders video clips and series on Commanders.com
City ordinance could create entertainment corridors
City ordinance could create entertainment corridors
Clutch tying home run sparks comeback in St. Charles-Vandebilt state finals opener
SULPHUR — Dax Pregeant stood near first base and waited until he saw the ball clear the fence to the left of the foul pole, and only then could the
SF supes move to cull citizen commissions
A possible ballot measure aims to avoid "landmines."
Louisiana Senate passes new congressional map amid controversial redistricting push
The map, which has provoked intense debates over race and partisanship, now heads to the House.
Southbridge Mall rebranding as a recreation and entertainment complex
“Now we're just trying to reenergize the mall,” Lee said. “Our vision is to make it a community center, entertainment center, family entertainment center. Get things in there that bring
New Hartford Fireworks Return in July
The Town of New Hartford will celebrate Independence Day weekend with a fireworks display for the first time in more than 20 years.
Senate passes John Kennedy resolution to halt senators’ pay during government shutdowns
The resolution follows several lengthy shutdown that left federal workers without pay for weeks.
Mariners and Live Nation plan major new concert venue in Seattle
A major new concert venue planned across the street from T-Mobile Park could shake up Seattle's live music landscape.
Britain Politics
Eva Pavlova, First Lady of the Czech Republic, arrives for a reception for the delegation from the Summit of First Ladies and Gentlemen Global Platform, hosted by Victoria Starmer, wife
Spring Sports: Another Marra excelling on the draw for Pinkerton
Melayna Marra decided that the draw was hers.
Local business leaders commit $10 million to support Field of Dreams
DYERSVILLE, Iowa -- Three Iowa families and business leaders have committed $10 million to support ongoing and future development at the Field of Dreams movie site in Dyersville.
Hinckley Boat Launch Opens May 16 for 2026 Season
Boaters and anglers will soon have access to the Hinckley Dam and Reservoir as the recreational boat launch and fishing area open for the 2026 season.
'Rogers + Hammerstein's Cinderella' and 'Medea' productions coming to New Orlean stages
Explore the enchanting world of fairy tales and myth with two captivating shows featuring strong female leads opening this week in the metro area.
Art, But Make it Sport | 2026 Falcons Schedule Release Edition
In honor of our 2026 schedule release, ArtButMakeItSports has curated a few special pieces of artwork to represent the biggest matchups of the season.
Entertainment destination: Former Olympia skil hill, chalet to become The Social
Discover the exciting transformation of the former Olympia Ski Hill into The Social, a regional destination for entertainment, dining, and more.
Why big digital health players are missing from Medicare's chronic care experiment
In this edition of STAT Health Tech: Why big digital health players skipped Medicare's ACCESS pilot, Isomorphic's big raise, and more.
Chelsea Football Club announces strategic partnership with Roc Nation Sports International
Chelsea Football Club today announces a new strategic partnership with Roc Nation Sports International (RNSI), marking a significant step in the club’s ambition to accelerate growth and deepen fan engagement across the United States and beyond.
Kenwood girls’ team is three-time, three-sport state champions
While Kenwood Public School has had past athletic success, this year’s standouts are the seventh and eighth grade girls’ team who brought home three different state championships to the small
Readers respond: Invest in science education
Letters to the Editor can be submitted to letters@oregonian.com with full name and place of residence.
Britain Politics
FILE - Britain's then Heath Secretary Wes Streeting gestures as he speaks during the annual Labour Party conference in Liverpool, England, Tuesday, Sept. 30, 2025. (AP Photo/Jon Super, File)
The Missing Cybersecurity Leader In Small Business
This week in cybersecurity from the editors at Cybercrime Magazine
Britain Politics
Peter Mandelson, the former U.K. ambassador to the United States, walks past the Ministry for Health in London, Thursday, May 14, 2026.(AP Photo/Kirsty Wigglesworth)
Akon's top business mistake: Stop hustling backwards
Yahoo Finance Executive Editor Brian Sozzi sits down with Musician and Entrepreneur Akon to chat about his new album, his successful investments, and his advice for entrepreneurs.
Latvia Politics
FILE - Latvia's Prime Minister Evika Silina arrives for the EU Summit in Ayia Napa, Cyprus, on April 23, 2026. (AP Photo/Petros Karadjias, File)
Brother Martin’s top returning senior came into the season on a mission — and he’s one step away
Bronson Leaumont prepared for this to be the best baseball season of his life.