SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " Unite " 3,393 found 🔀 AI-powered Shuffle
Oil treads water as US-Iran peace talks stall, Hormuz shipping slows
Oil prices barely moved in early trade on Monday as tanker traffic through the Strait of Hormuz slowed over the weekend with no peace deal in sight between the United States and Iran to end the conflict in the Middle East.
Browns Expected To Reunite With Three-Time Pro Bowler
The Cleveland Browns are expected to reunite with a three-time Pro Bowl pass rusher.
LeBron James reunites with 2016 Cavaliers teammates for surprising new project
LeBron James is taking his talents from the hardwood to the golf course, launching a new YouTube venture with an unforgettable 2016 Cavaliers reunion in Scotland.
Newcastle United v Strasbourg Live TV and global channel listings
Around the world, here are the channels you can watch Newcastle United v Strasbourg Live TV. The global TV listings are featured below for local (to you) coverage on Sunday (4pm (UK) kick-off).
German companies cut US investment to three-year low, data show
German companies slashed investments in the United States to a three-year low in the first half of 2026, as Trump administration policies fed uncertainty between the transatlantic trading partners.
Politics: With no end in sight, Iran war draws mixed opinions from tri-state congresspeople
After Vice President J.D. Vance said on Friday that lowering oil prices has become the new goal for the United States in its ongoing war with Iran, oil prices rose
Robert Downey Jr. returning as Iron Man in new ‘Avengers’ project with Disney
Robert Downey Jr. returning as Iron Man in new Disney project at Disneyland, where an ‘Avengers’ ride will unite him with Anthony Mackie, Chris Hemsworth, and Jeremy Renner.
Benjamin Nygren: Man of the Match
Benjamin Nygren deservedly earned the Man of the Match award in the 4-0 win over Dundee United on Tayside and was involved in a few of the goals as well.And no more so than in the 63rd minute when he ...
Crusaders come from behind to beat Ballymena
Watch highlights and read a match report as Crusaders recover from an early one-goal deficit to beat Ballymena United and secure their first points of the season.
As China Pushes to Expand in Asia, Trump Focuses on Iran
Asian allies are beginning to wonder whether the United States would or could defend them in a war.
Live United: The science behind behavioral decision making
I recently learned a term for a concept I’ve often talked about. It’s called proportion dominance bias.
U.S. District Judge denies hemp business' plea for pause on new regulations
United States Western District of Virginia Judge Robert Ballou Friday ruled against a cohort of Virginia hemp businesses, denying their motions for a preliminary injunction and temporary restraining order to prevent new hemp restrictions from taking place.
Chris Evans, Robert Downey Jr. tease 'Avengers: Doomsday' at D23
ANAHEIM, Calif. — Marvel Studios president Kevin Feige revealed that the upcoming "Avengers: Doomsday" will unite the Avengers, Fantastic Four and the X-Men.
Food science experts warn of rising Cyclospora and Salmonella
Outbreaks of Cyclospora and Salmonella continue to spread across the United States. Maine and Massachusetts are among the newest states reporting Cyclospora infections.
Essentia Health partners with United Way of Cass-Clay to prepare students for upcoming school year through annual School Supply Drive
Essentia Health was proud to once again support and sponsor the 28th annual United Way of Cass-Clay School Supply Drive and to serve as the drive's
‘I shot Mr Thompson’: Luigi Mangione describes his planning and the killing of health insurance CEO
It was a dramatic twist to the federal case over the killing of UnitedHealthcare’s Brian Thompson – but state charges are still pending
Measuring Whether Behavioral Health Crisis Systems Reach People in Need
Since passage of the American Rescue Plan Act in 2021, the United States has made significant investments in behavioral health crisis response systems,
Outrage at UnitedHealth and Other Insurers Persists After Brian Thompson Killing
Higher premiums and rising medical bills have intensified Americans’ dissatisfaction with their medical coverage.
Luigi Mangione to appear in court for expected guilty plea in killing of UnitedHealthcare CEO
Luigi Mangione is scheduled to be in federal court Friday for a hearing at which he's expected to plead guilty in connection with the 2024 killing of UnitedHealthcare CEO Brian Thompson, according to a person familiar with the matter.
Home-Field Advantage: Why the World’s Biggest Sporting Events Are Coming to the US
The United States is on a streak landing more international events than ever. What’s driving the good fortune for sports fans living in the country?
With a planned layoff of hundreds, an old name in Chicago business gets set to fold
The former United Stationers, now part of Staples, is expected to shut down this fall.
Sporting Lisbon Makes Luis Suarez Decision Amid Newcastle Transfer Links
Newcastle United continues to be linked with attacking reinforcements as Matthias Jaissle shapes his squad for the new Premier League season. One of the Magpies’ previously reported targets, Sporting Lisbon striker Luis Suarez, has resurfaced amid uncertainty in Portugal. Following some worrying developments surrounding his situation in the Iberian club, Portuguese outlet A Bola reports […]
In-Depth: Trump’s vaccine order could split up MMR. Here's the science, history and what that means
President Donald Trump is seeking major changes to the way childhood vaccines are recommended in the United States. His call to separate MMR provides options for parents, but what are the implications? WRAL examines the history, science and global practices of MMR.
Business and labor groups both backed Golden in 2024. Now they’re split over LePage v. Dunlap
With U.S. Rep. Jared Golden on his way out of Congress, the business and labor groups that united behind him are once again at odds in the 2nd District. The U.S. Chamber of Commerce endorsed Republican Paul LePage in the race Thursday. In contrast, Democrat Matt Dunlap has the backing of several major unions. It’s […]
Trump Gives Green Light to U.S. Companies to Aim Hacks at Cybercriminals
The practice would align the United States more closely with countries like China and Russia, where spy agencies have long relied on private-sector hackers to help with national security missions.
Rashford, Mainoo & transfers - Carrick calls for more signings
Before his first full season as Manchester United head coach, Michael Carrick explains why the club need more players, discusses why he is in a privileged position and talks Marcus Rashford and Kobbie Mainoo.
‘Cause we (still) rock! The Jonas Brothers introduce a new generation in nostalgia-filled Camp Rock 3
Get behind-the-scenes details of ‘Camp Rock 3’ with Joe, Kevin, and Nick Jonas — including what it was like to reunite with Demi Lovato — and meet the new cast of stars in EW’s exclusive cover story.
United Soccer League Announces Expanded Partnership with Premier Sports Medicine
Sports Medicine Leading sports medicine management company named USL’s preferred supplier of athletic trainer staffing
Apple TV Gains Classic Movies Collection
Apple has again added a collection of classic movies to Apple TV that subscribers can now stream at no extra cost. The films are located in a new "Great Movies Available Now on Apple TV" carousel inside the Apple TV app. So far, free titles are showing up for subscribers in the United States, Canada, and the United Kingdom, with the exact selection differing by country.
The Lindsay Clancy trial brings maternal mental health into the spotlight
Mental health issues are the leading underlying cause of pregnancy-related death in the United States, but they are often overlooked.
Apple's 2026 Back to School Offer is Now Live Across Europe
Apple's annual Back to School promotion is now live in the United Kingdom and 18 other European countries: Austria, Belgium, Czechia, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and Turkey. The European launch follows the company's back-to-school promotion rollout in the United States and several other regions and territories last month.
Nepal maternal and infant mortality increases following loss of US aid, according to health officials
The Associated Press has found that the decision by the United States to slash its foreign aid funding last year has increased pregnancy complications and deaths in Nepal.
Steelers Reunite With Veteran, ‘Tone Setter’ Linebacker: Report
ESPN's Adam Schefter reported the Pittsburgh Steelers signed veteran linebacker Elandon Roberts in NFL free agency. The post Steelers Reunite With Veteran, ‘Tone Setter’ Linebacker: Report appeared first on HEAVY.
Afghanistan's Taliban rulers detain two members of the UN political mission
UNITED NATIONS (AP) — Afghanistan’s Taliban rulers have detained two Afghan members of the U.N. political mission in the country, the United Nations said Wednesday,
Pre-Season Team News: Manchester United vs Leeds United
Leeds United ramp up their 2026/27 Premier League preparations this evening as they take on rivals Manchester United in the BOYLE Sports Cup, hosted in Dublin.Ahead of the clash, which is the first cl...
Business Leaders from Across Asia-Pacific Convene in Sri Lanka to Accelerate Sustainable and Inclusive Growth
/PRNewswire/ -- More than 200 business leaders, sustainability practitioners, policymakers and representatives from the United Nations gathered in Colombo on...
OPB’s First Look: Corporate money in Oregon politics
A new legal theory to skirt Citizens United could be tested in Oregon. Here's your First Look at Wednesday's news.
Joint Statement by Secretary of Health and Human Services Robert F. Kennedy, Jr. and Secretary of State Marco Rubio: United States to Serve as Secretariat of the Geneva Consensus Declaration
Joint statement from HHS Secretary Kennedy and Secretary of State Rubio on the Geneva Consensus Declaration.
Seattle longevity startups unite: Viome acquires plasma exchange pioneer Circulate Health
Two Seattle-area health and longevity startups are joining forces through Viome Life Science's acquisition of Circulate Health. The two parties would not share specifics but said the deal was valued between $15 million and $50 million.
Character test awaits Dundee Utd after Hearts humbling
What will we learn a lot about this newly assembled Dundee United squad over the next few weeks? Romanian left-back Kevin Ciubotaru last week became manager Jim Goodwin's 11th summer signing. While a lot of United's transfer business was done earlier in the window, given the size of the player overhaul it is still fair to assume it could take this new-look squad time to gel.
Apple extends 2026 Back to School deals on Macs and iPads until September 24
College students in the United States just got a few extra weeks to claim Apple’s 2026 Back to School deals on select Macs and iPads.
Apple Extends 2026 Back to School Promotion Until September 24
Apple today extended its 2026 Back to School Promotion until September 24, which means it will last almost a month longer than planned. The extension is applicable in the United States, Canada, Mexico, and multiple countries in Asia. The Back to School promotion offers a free item or gift card when students or educators purchase an eligible Mac or iPad model, plus an educational discount.
Campbell unites pharmaceutical science, clinical research in future-focused degree
The reimagined bachelor’s program prepares students for careers across the entire drug development lifecycle, with an emphasis on hands-on experience… More on this post
Joby Aviation to Scale Defense Business Through Acquisition of Resonant Sciences
Acquisition will significantly expand Joby’s defense business by adding a fast-growing company with established programs, classified capabilities and scaled manufacturing operations` Upon closing, Resonant will become Joby’s dedicated defense business, continuing its existing programs while expanding its portfolio to include Joby’s hybrid aircraft and autonomy technologies. Joby’s commercial aircraft business will remain focused on its electric air taxi initiatives Combination will create immediate opportunities to unite Joby’s dual-use aircraft, propulsion and autonomy technologies with Resonant’s radio frequency (RF), sensing and mission systems capabilities as well as its world-leading expertise in low-observability aircraft design Resonant delivered more than $100 million in trailing-twelve-month revenue, representing approximately 40% year-over-year growth, alongside strong adjusted EBITDA generation, driven primarily by long-cycle programs with the U.S. government, prime contractors and next generation defense technology programs
WHO receives US$4 million from CERF to sustain health services and strengthen health system resilience across Syria
Damascus, Syrian Arab Republic, 11 August 2026 – The World Health Organization (WHO) has received US$4 million from the United Nations Central Emergency Response Fund (CERF) to protect access to essential health...
Twelve U.S. Health Systems and Aidoc Unite to Confront America’s Diagnostic Capacity Crisis
As demand for diagnostic answers outpaces the physicians available to deliver them, health systems are collaborating with Aidoc on a shared goal: helping patients receive a safe, accurate diagnosis sooner.
Trump Stokes Islamophobia by Calling Democratic Candidates ‘Jihadists’
Along with his comments about Muslim candidates, Mr. Trump spoke disparagingly of Somalis in the United States, saying “they’re not smart.”
White House Attempt To Control Science Grants Is Blocked - For Now
The plan by the White House Office of Management and Budget (OMB) to subject all United States research grants to political oversight has been halted by the
Scientists Release Biggest 2D Map of the Universe
Key Takeaways The DESI Legacy Imaging Surveys combined more than 263,000 telescope exposures to make the largest 2D map of the universe in visible and near-infrared light. Astronomers can pair the Legacy Surveys map with their own observations to explore our universe and search for rare phenomena. The 2D map serves as the foundation for the Dark Energy Spectroscopic Instrument survey to measure the universe in 3D and investigate dark energy. Hold on to your telescopes: the DESI Legacy Imaging Surveys team has released the largest-ever 2D color map of the universe. The 5.6-trillion-pixel map contains nearly 4 billion celestial objects, primarily stars and galaxies. The data is available for all to use and publicly viewable through the Legacy Survey Sky Viewer. Astronomers and citizen scientists can explore the map or combine it with their own observations to better understand our universe. Researchers can search for rare phenomena like gravitational lenses, observe fleeting events like supernovae, and investigate two of physics’ biggest mysteries: dark matter, the invisible substance that accounts for most of the mass in our universe, and dark energy, the force driving our universe’s accelerating expansion. The new map builds on earlier versions from the DESI Legacy Imaging Surveys that have already proved invaluable. To date, more than 1,800 science papers that reference the Legacy Surveys data have been published. “It’s part of the fabric of astronomy research now,” said David Schlegel, a co-lead of the Legacy Surveys and scientist at the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab). “When you’re working with astronomical objects today, you often start by pulling up the Legacy Imaging Viewer to see what you’re looking at.” Covering roughly 75% of the sky in visible and near-infrared light, the updated map provides a deep view of the extragalactic universe not blocked by the dust and stars of our own Milky Way. Researchers expect it will remain the most comprehensive 2D map of our universe for years to come. More than 160 scientists contributed to data collection for the project, and a team of 20 produced the final dataset released today. It was built by combining 263,407 telescope exposures from three ground-based sky surveys: the Dark Energy Camera Legacy Survey (DECaLS) at NSF Cerro Tololo Inter-American Observatory, the Mayall z-band Legacy Survey (MzLS) at NSF Kitt Peak National Observatory, and the Beijing-Arizona Sky Survey (BASS) at the University of Arizona’s Steward Observatory. That was supplemented by years of data from NASA’s Wide-field Infrared Survey Explorer (WISE) satellite mission and additional public data. “For our team, these data are fundamental to our investigation of the expansion history of the universe and the formation of our galaxy,” said Arjun Dey, co-lead of the Legacy Surveys and an astronomer at NSF NOIRLab. “But the skies belong to everyone, and this survey gives everyone the chance to explore the sky and marvel at its wonders.” Here be galaxies The DESI Legacy Imaging Surveys were originally conducted to prepare for the Dark Energy Spectroscopic Instrument (DESI) survey. The Legacy Surveys’ 2D map is essentially a deep photograph of the sky; it records where galaxies and stars appear and how bright they appear. This crucial step enables DESI to select objects and measure their light in different wavelengths to determine their distances, building the largest high-resolution 3D map ever made. Scientists study the way galaxies have clustered at different ages of the universe to track dark energy over time. In April 2026, DESI completed its original five-year survey ahead of schedule and with vastly more objects than expected. The early results have shown surprising hints that dark energy’s impact may be weakening over time — a paradigm shift that could potentially shape the predicted fate of our universe. DESI expects to publish improved results using their first five years of data in 2027 and is continuing observations into 2028. DESI was so efficient at observing galaxies, the Legacy Surveys map needed to expand. Early on, “it became clear we might run out of galaxies to look at and run out of sky, and we better start doing something about that,” said Schlegel, who also works on DESI. The new Legacy Surveys map has been used to select DESI targets since June 2026 and will guide the telescope’s operations over the coming years. Computing the cosmos Merging hundreds of thousands of images taken on 2,285 nights, each with unique atmospheric and telescope conditions, was a massive computational effort. It took about a year to develop the computer code and eight weeks to process all the images at the Perlmutter supercomputer at the National Energy Research Scientific Computing Center (NERSC) at Berkeley Lab. Beyond supporting DESI, the Legacy Surveys will be a foundational reference for the next generation of telescopes. As new observatories like the NSF-DOE Vera C. Rubin Observatory (jointly funded by NSF and DOE’s Office of Science) and NASA’s Nancy Grace Roman Space Telescope come online, researchers can compare their observations with one of the deepest and most comprehensive views of the sky ever assembled. The Legacy Surveys data will also help scientists train artificial intelligence tools to analyze petabytes of astronomical data and accelerate new discoveries. It will be among the datasets used in an astrophysics pilot project within the American Science Cloud, part of the DOE’s Genesis Mission. The DESI Legacy Imaging Surveys are supported by the U.S. Department of Energy’s Office of High Energy Physics; the National Energy Research Scientific Computing Center, a DOE Office of Science user facility; the U.S. National Science Foundation, Division of Astronomical Sciences; and the partner institutions. DESI is supported by the DOE Office of Science and NERSC. Additional support for DESI is provided by the NSF; the Science and Technology Facilities Council of the United Kingdom; the Gordon and Betty Moore Foundation; the Heising-Simons Foundation; the French Alternative Energies and Atomic Energy Commission (CEA); the Secretariat of Science, Humanities, Technology and Innovation (SECIHTI) of Mexico; the Ministry of Science and Innovation of Spain; and by the DESI member institutions. ### Lawrence Berkeley National Laboratory (Berkeley Lab) is committed to groundbreaking research focused on discovery science and solutions for abundant and reliable energy supplies. The lab’s expertise spans materials, chemistry, physics, biology, earth and environmental science, mathematics, and computing. Researchers from around the world rely on the lab’s world-class scientific facilities for their own pioneering research. Founded in 1931 on the belief that the biggest problems are best addressed by teams, Berkeley Lab and its scientists have been recognized with 17 Nobel Prizes. Berkeley Lab is a multiprogram national laboratory managed by the University of California for the U.S. Department of Energy’s Office of Science. DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.
Ban prior auth? And hospitals cut jobs
We examine a call to reform how health insurers do business, and a look at the impact of 340B restrictions.
'Another summer with more questions than answers'
BBC Radio Sheffield's Rob Staton analyses Sheffield United's business in the transfer market.
Italy-Spain fallout: united by geography, divided by politics
Italy and Spain's Schengen border spat over Ceuta has exposed a deeper migration rift, as domestic politics and rising far-right rivals harden both sides' positions.
Designing Direct-to-Government Assistance: Three Case Studies in Global Health Financing
In September 2025, the US State Department released the America First Global Health Strategy, announcing a major shift in how the United States programs foreign assistance in one of its largest sectors, representing over $13 billion in FY 2024. Global health dollars, the strategy states, will now flow primarily to foreign governments, not to nongovernmental organizations (NGOs), as has been the case in recent decades. The Department has sought to advance this strategy by signing non-binding, multi-year memoranda of understanding (MOUs) with dozens of its largest aid recipients. While officials acknowledge that there will be real challenges to providing direct assistance in the near term, the explicit goal of these MOUs is to transition from donor-driven systems to partner government-led implementation.
Is Goodwin's time up at United?
United fans, we asked for your views after Sunday's Scottish Premiership defeat to Hearts. Gary: I listened to Jim Goodwin's post-match assessment, he's either lying or delusional because he says he saw and what actually took place on that Tynecastle pitch are worlds apart. Dave: Jim Goodwin said the people who weren't at the match may have thought that Hearts gave us a good hiding, well I was there and can confirm that they did give us a good hiding.
Ball wants improvement as Torquay start with draw
Torquay United manager Jimmy Ball says his side's second-half performance cost them as they drew 1-1 with Horsham in their National League South opener.
BUSINESS BRIEFS August 10, 2026: Business news in the Berkshires and beyond
Business news from MCLA, Berkshire United Way, Beacon Bank, MountainOne, BHS, and more
El Tricolor are back-to-back Concacaf Under-20 champions
Mexico earned a convincing victory over the United States. With a packed Estadio Azteca behind them, the Mexicans secured their ticket to the Los Angeles 2028 Olympic Games by defeating the Americans ...
Exclusive | Post walks LA's once-iconic Van Nuys Blvd. for a week – here's disturbing scene we found
“It’s so sad, so sad. We are in California, the best state in the United States, right?”
Entertainment Notebook: Pointe-à-Callière marks the 325th anniversary of the signing of the Great Peace of Montreal
The Montreal Ukrainian Festival returns August 29 to September 27 with a renewed program of cultural events, united under this year's theme: "Heritage of Generations." Inspired by the connection between
Entertainment Notebook: Montreal Ukrainian Festival Returns; The Great Peace of Montreal and more
The Montreal Ukrainian Festival returns August 29 to September 27 with a renewed program of cultural events, united under this year's theme: "Heritage of Generations." Inspired by the connection between
‘Lord of the Rings’ stars reunite 23 years later, tease ‘more to come’
One dinner to unite them all: The Hobbits of Middle-earth are back together for a surprise ‘Lord of the Rings’ reunion, with ‘more to come.’ Sean Astin, Dominic Monaghan, Elijah Wood, and Billy Boyd share photos.
El-Sayed spoke with Obama as Michigan Democrats look to unite after a bitter Senate primary
“I was grateful for his advice. It was very warm, very inviting, and I know that he knows the critical role that Michigan is going to play,” El-Sayed told NBC’s “Meet the Press."
EFL Cup: Mansfield Town v Sheffield United
Follow live text commentary, score updates and match stats as Mansfield Town take on Sheffield United in the first round of the EFL Cup.
New 76ers Guard Is Thrilled To Reunite With LeBron James
KCP is back with The King. As Pope looks to contribute to the Philadelphia 76ers, James will be helping lead the charge.
Here's why both of New Mexico's senators voted against Todd Blanche for Trump's Atty General
By a one vote margin, 50-49, the United States Senate voted early Saturday morning to approve President Donald Trump’s nomination of Todd Blanche, his former personal attorney and acting attorney general, to be the permanent Attorney General of the United States. Todd’s nomination was opposed by every Democrat and two Republicans, Susan Collins of Maine […]
What Lies Beneath: The Shocking Truth About Carbon Hidden Underground - Futura-Sciences
The Surprising Underground Wilderness This fall, many of us will stroll through forests in search of that elusive perfect mushroom for dinner. But researchers at the University of Michigan (United States) have gone a fair bit further—and deeper. For the very first time, they succeeded in quantifying the abundance of...
United's long-haul business class fares just got cheaper
United Airlines just made some lie-flat business class seats cheaper on long-haul flights, but there's a catch. What to know about the new Polaris base fares before buying.
Our kids can't afford for us to politicize vaccines
As measles outbreaks continue to emerge in the United States and throughout the world, it is essential that federal health officials rejoin the fight.
Flutter Entertainment Q2 Earnings Call Highlights
Flutter Entertainment (NYSE:FLUT) reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom. The company also announced that Chief Executive Officer
Flutter Entertainment Q2 Earnings Call Highlights
Flutter Entertainment (NYSE:FLUT) reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom. The company also announced that Chief Executive Officer
Sky Sports: Premier League club make contact with Man Utd to outline possibility of negotiating £60m deal
Newcastle United have approached Manchester United to make it crystal clear that Lewis Hall is off-limits this summer.According to Sky Sports reporter Keith Downie, an ‘initial enquiry’ made by th...
ECU Health-UnitedHealthcare deal restores in-network care for 100,000+ in ENC
ECU Health and UnitedHealthcare have reached a new multi-year contract agreement, restoring in-network access for more than 100,000 patients across eastern Nort
ECU Health reaches new multi-year agreement with UnitedHealthcare to restore in-network access for patients
ECU Health has reached an agreement on a new multi-year contract with UnitedHealthcare, restoring in-network access to care.
Chicago Sky address Sophie Cunningham rally planned outside home game vs Fever
The Chicago Sky responded to the Sophie Cunningham rally planned outside the United Center ahead of Saturday's game against the Indiana Fever.
Commerce, EXIM Will Hit the Road with Exporting, Business Growth Resources
The Kansas Department of Commerce, in collaboration with the Export-Import Bank of the United States (EXIM) Regional Export Program, announced the upcoming EXIM Roadshow. This first of its kind...
Loretta Carpio Carr: An Emerging Young Voice in Politics
With the upcoming Governor’s election in California, I watch with curiosity who will vote and who they will vote for. California’s population is comparatively young, with the median age range of 37.9 to 38.4 years. That’s younger than the overall United States, according to World Population Review. The Public Policy Institute of California shows that
Business Restructuring Review Vol. 25 No. 4 July-August 2026
In This Issue New York Bankruptcy Court: Premature Allegations of Creditor Mistreatment Insufficient to Deny Chapter 15 Recognition of Foreign Restructuring Proceeding In In re ARD Finance, S.A., No. 25-12794 (MG), 2026 WL 817458 (Bankr. S.D.N.Y. Mar. 25, 2026), the U.S. Bankruptcy Court for the Southern District of New York was presented with a petition seeking chapter 15 recognition of Luxembourg's recently enacted bankruptcy law governing judicial reorganization proceedings. The court granted the petition, turning aside challenges to recognition voiced by a creditor group arguing that recognition should be denied based upon allegations of unfairness to creditors in the Luxembourg proceeding that would make recognition manifestly contrary to U.S. public policy. According to the bankruptcy court, recognition was warranted because: (i) the rules and procedures governing the proceeding under Luxembourg law were fundamentally fair; (ii) the petition otherwise satisfied chapter 15's recognition requirements; and (iii) the creditor group's allegations were premature, given the fact that the Luxembourg court presiding over the debtor's restructuring proceeding had not confirmed a restructuring plan, and all creditors had the right to participate fully and voice their objections in the proceeding (including the right to appeal an order approving a plan). [read more …] Florida Bankruptcy Court Examines Scope of Discovery in Chapter 15 Cases In In re Banco Master, S.A., No. 25-24568-SMG, 2026 WL 931729 (Bankr. S.D. Fla. Apr. 6, 2026), the U.S. Bankruptcy Court for the Southern District of Florida granted in part and denied in part post-recognition motions filed by an insider of a foreign debtor seeking to bar or limit discovery sought by the debtor's foreign representative concerning allegedly voidable transfers involving the debtors' U.S. real property. According to the court: (i) although chapter 15 includes its own discovery provisions among the relief that may be granted to a foreign representative, the expansive discovery available in cases under other chapters of the Bankruptcy Code is also available in chapter 15 cases; (ii) the discovery sought by the foreign representative was permissible; (iii) discovery regarding matters that were the subject of a pending adversary proceeding had to be undertaken under the more restrictive rules applicable to such proceedings; and (iv) a discovery request would be barred to the extent that it sought production of documents or testimony from a subpoenaed entity that exceeded the geographic limitations specified in such rules. [read more …] Delaware District Court Affirms Chapter 15 Recognition Order Enforcing Nonconsensual Third-Party Releases In U.S. Int'l Dev. Fin. Corp. v. Credito Real S.A.B. de C.V. SOFOM, E.N.R. (In re Credito Real S.A.B. de C.V. SOFOM, E.N.R.), 677 B.R. 192 (D. Del. 2026), appeal filed, No. 26-2356 (3d Cir. June 5, 2026), the U.S. District Court for the District of Delaware affirmed a bankruptcy court order granting chapter 15 recognition to a Mexican "concurso mercantile" proceeding and enforcing nonconsensual third-party releases approved by the Mexican court. Agreeing with the bankruptcy court that the releases were not manifestly contrary to U.S. public policy, the district court concluded: "It is well settled that U.S. bankruptcy courts can give effect to foreign orders in recognized foreign proceedings pursuant to the authority granted in Chapter 15, even when those orders contain relief unavailable under U.S. law. [The appellant's] arguments misconstrue the Supreme Court's narrow holding in Purdue, applicable in Chapter 11 cases, as well as the statutory framework of Chapter 15 and its core policy objectives. Accordingly, I will affirm the Enforcement Order." The ruling has been appealed to the U.S. Court of Appeals for the Third Circuit. [read more …] Fifth Circuit: Bankruptcy Court, Not State Court, Had Jurisdiction to Allow or Disallow Administrative Expense Claim In Storey Minerals Ltd. v. EP Energy E&P Co., LP (Matter of EP Energy E&P Co., LP), 169 F.4th 609 (5th Cir. 2026), the U.S. Court of Appeals for the Fifth Circuit affirmed lower courts' rulings disallowing a creditor's administrative expense claim. It also rejected the creditor's argument that, because the claims were predicated on state law, a state court should adjudicate the merits of the state law causes of action before the bankruptcy court could allow or disallow the claim as an administrative expense. According to the Fifth Circuit, even though the causes of action were based on state law, the bankruptcy court had jurisdiction to determine whether the creditor's claims should be conferred with administrative expense priority in the debtors' chapter 11 case. [read more …] New York Bankruptcy Court: Dismissal of Involuntary Chapter 11 Case Filed Prior to Commencement of Foreign Restructuring Proceeding Unwarranted In In re Xinyuan Real Estate Co. Ltd., No. 25-10745 (PB), 2026 WL 592250 (Bankr. S.D.N.Y. Mar. 3. 2026), the U.S. Bankruptcy Court for the Southern District of New York considered the bona fides of an involuntary chapter 11 petition filed by certain holders of U.S. dollar-denominated notes against a holding company for a group of Chinese property development companies that filed a restructuring proceeding in the Cayman Islands after the noteholders filed the involuntary chapter 11 petition. The court denied the debtor's motion to dismiss the chapter 11 case. Given the timing of the filing of the Cayman Islands restructuring proceeding, the absence of any progress in the proceeding for seven months, the debtor's need to restructure notes governed by U.S. law, and the debtor's lack of any meaningful contacts to the Cayman Islands, dismissal of the chapter 11 case was unwarranted under the applicable provision of the Bankruptcy Code, international comity, or the doctrine of forum non conveniens. [read more …] Bankruptcy Court Evaluates Trustee's Authority to Sell Avoidance Actions and Right of Target Defendants to Object In In re Law Enf't Officers Sec. Union, No. 24-70277-JAD, 2026 WL 560452 (Bankr. W.D. Pa. Feb. 27, 2026), a chapter 7 trustee sought court approval to sell certain avoidance actions to a creditor of the debtor's estate. Potential targets of the subject avoidance actions objected, arguing that such claims were nontransferable powers of the trustee rather than saleable estate property and urging the court to approve their competing settlement with the trustee. The U.S. Bankruptcy Court for the Western District of Pennsylvania disagreed with the potential defendants, holding that they lacked standing to object to the proposed sale, that avoidance actions are indeed estate property, and that the sale—rather than the settlement—best served the estate's interests. [read more …] U.S. Supreme Court Bankruptcy Roundup in Brief In Keathley v. Buddy Ayers Construction Inc., No. 25-6, 2026 WL 1686028 (U.S. June 11, 2026), the U.S. Supreme Court overturned a Fifth Circuit decision judicially estopping a chapter 13 debtor from asserting a personal injury claim against a construction company because the debtor failed to disclose the claim during his bankruptcy case. In so ruling, the Court held that "[t]he Fifth Circuit erred by artificially narrowing its inquiry to whether the debtor had knowledge of the underlying facts or a potential motive to conceal the claim." It represents the first time that the Court has applied judicial estoppel in the bankruptcy context, although it has suggested in other contexts that it may be inappropriate where an inconsistent legal position resulted from "inadvertence or mistake." Also in June, the Court denied petitions for certiorari in a few notable bankruptcy cases. [read more …] Newsworthy Heather Lennox (Cleveland/New York) (Star Individual), Bruce Bennett (Los Angeles) (Senior Statesperson), Kevyn D. Orr (Washington) (Eminent Practitioner), Gregory M. Gordon (Dallas) (Band 1), Carl E. Black (Cleveland), Corinne Ball (New York) (Senior Statesperson), Brad B. Erens (Chicago), Jeffrey B. Ellman (Atlanta), T. Daniel Reynolds (Cleveland), and Dan T. Moss (Washington/New York) were recognized as leading lawyers in the practice area Bankruptcy/Restructuring in the 2026 edition of Chambers USA: The World's Leading Lawyers for Business. The 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers ranked the following lawyers: Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington). Fabienne Beuzit (Paris) and Jasper Berkenbosch (Amsterdam) were among the "Leading Individuals" ranked in the 2026 edition of The Legal 500 EMEA guide in the field of Restructuring and Insolvency or Insolvency. Rodolphe Carrière (Paris) was named a "Next Generation Partner" in the practice area Insolvency. Sid Pepels (Amsterdam) was selected by Global Restructuring Review's 40 under 40 2026. He was identified as a Rising Star within the global cross-border restructuring community. Global Restructuring Review is a leading digital subscription service, news outlet, and information platform dedicated exclusively to cross-border insolvency and corporate restructuring law. Fabienne Beuzit (Paris), Rodolphe Carrière (Paris), and Isabelle Maury (Paris) were recognized in the 2027 edition of The Best Lawyers in France™ in the practice area Insolvency and Reorganization Law. An article written by Corinne Ball (New York) titled "Comity and Fairness are Critical to Granting Additional Assistance under Chapter 15: A Canadian Reverse Vesting Order and Related Releases in Proceedings Involving Canadian and U.S.-Affiliated Companies Are Approved" was published in the June 24, 2026, edition of the New York Law Journal. An article written by Caitlin K. Cahow (Detroit) titled "New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions" was published on June 8, 2026, in Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on June 16, 2026, in the Harvard Law School Bankruptcy Roundtable. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), Isel M. Perez (Miami), and David S. Torborg (Washington) titled "Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief" was published on June 10, 2026, in Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) and Nathaniel Parr (Atlanta) titled "Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions" was published on June 11, 2026, in Lexis Practical Guidance. An article written by Corinne Ball (New York) titled "LMEs, Sophisticated Investors and Equitable Mootness: The Fifth and Third Circuits Warn Against Testing the Limits of Chapter 11" was published in the June 2026 issue of the American Bankruptcy Institute Journal. Nicholas J. Morin (New York) was quoted in an article titled "Serta Ruling Offers Damages Road Map in Lender-on-Lender Disputes," published by Bloomberg Law on July 7, 2026. The article discussed U.S. Bankruptcy Judge Christopher Lopez's July 7, 2026, ruling that participating lenders in Serta Simmons Bedding's 2020 non-pro rata uptier exchange breached the credit agreement's ratable-sharing provision, and awarding excluded lenders more than $261 million in damages. The opinion resolves six years of litigation related to Serta's 2020 transaction, where it raised $200 million in new financing and exchanged $1.2 billion of term loans for $875 million in superpriority debt. Judge Lopez found that the debt-for-debt exchange constituted a "payment" under the credit agreement, requiring proportional sharing among lenders, and dismissed various defenses raised by the participating lenders. The case is Serta Simmons Bedding LLC v. AG Centre Street Partnership (In re Serta Simmons Bedding LLC), 2026 WL 1968535 (Bankr. S.D. Tex. Jul. 7, 2026). The New York Law Journal has recognized Andrew M. Butler (New York) as a 2026 "Rising Star" in Restructuring/Bankruptcy as part of the New York Legal Awards. The Rising Star category recognizes New York's most promising lawyers age 40 and under who have distinguished themselves through exceptional legal work, leadership, and contributions to the profession. Lawyer Spotlight: Daniel J. Merrett Dan Merrett, a partner in the Atlanta Office, has spent nearly 20 years representing all manner of stakeholders in complex corporate restructurings and chapter 11 reorganizations. His practice extends to related transactions and disputes involving acquisitions; divestitures; credit facilities; securities; environmental obligations; and vendor, employee, and governance matters. Dan has substantial experience managing mass tort liabilities, including the restructurings and related chapter 11 cases of affiliates of Georgia Pacific and Johnson & Johnson, implemented to resolve asbestos and talc liabilities. He also represents key parties in energy and infrastructure matters, including facility owners, EPC contractors, and joint-venture parties. Dan was a key player in the restructuring teams in the historic bankruptcies of the City of Detroit and Chrysler. His other significant representations in chapter 11 cases include AFA Foods, Alpha Natural Resources, Dana Corporation, M&G Chemicals, McDermott International, Monster/CareerBuilder, Transtar Industries, and Westinghouse. He is licensed in both the United States and England & Wales and recognized in restructuring by Chambers USA and Best Lawyers.
Science on Tap: The Evolution of NEST
What does it take to prepare for the nation’s most challenging nuclear and radiological emergencies?Discover the answer with the Nuclear Emergency Support Team (NEST), the National Nuclear Security Administration’s elite emergency response unit composed of leading scientists and technical experts.Join Michael Peters, NEST Director and Deputy Director for the Office of Nuclear Incident Response, as he takes audiences on a journey through the history of nuclear response in the United States. Explore the pivotal moments that shaped NEST, learn how the organization has evolved to stay ahead of emerging threats, and gain insight into the innovative approaches that continue to strengthen national security today.Whether you're interested in science, history, technology, or emergency response, this presentation offers a unique perspective on one of the nation's most important missions.Event Details:Friday, September 4, 2026 | Doors Open at 5:30 pm | Presentation at 6:00 pmLocation: National Museum of Nuclear Science & HistoryAdmission: $12 per personRequirement: Must be 21+ to attend. An adult must accompany younger guests.
Sports in Atlanta this August: Guide to Games and Sporting Events
From the roar of the crowd at Mercedes-Benz Stadium to buzzer-beaters, goals and hard-hitting action, August is a great month to be a sports fan in Atlanta. Whether you’re cheering on the Falcons, Atlanta United, the Dream or discovering something new like roller derby or HBCU football, there’s no shortage of exciting games and sporting events to experience.
Leaders call for accountability after survey reveals racist behavior toward imaging staff
New survey data reveal a concerning trend of discriminatory behavior against minority radiographers in the United Kingdom.
MU Health Care discusses rising cyclosporiasis cases amid nationwide outbreak
Cyclosporiasis cases continue to rise across the United States, and MU Health Care officials discussed the ongoing outbreak during a media briefing Thursday.
Reimagining Rural Maternal and Child Health
Rural Health Transformation Program Insights (Download) Maternal and child health (MCH) outcomes continue to raise national concern despite ongoing targeted initiatives, community-based interventions, and executive measures aimed at improving population health and saving lives. Although maternal mortality rates have decreased in recent years, the United States has seen maternal deaths well above global rates compared […]
Harvard Business Review: An Interview with José Andrés
Before World Central Kitchen was supporting families in the wake of disasters around the world, José Andrés was a young cook learning that food was far more than sustenance—it was how his family expressed love, built community, and made sense of the world. In this Harvard Business Review interview, José reflects on the experiences that shaped him: the mentors who pushed him, the decision to build a life in the United States, and the lessons his kitchens have taught him about people, resilience, and adaptability. It is that same adaptability, he argues, that makes the difference—whether you are running a restaurant on a difficult night or getting meals to families in the middle of a disaster.
Trump grows angry over reports on depleted munitions — believing it weakens him in Iran negotiations
President Donald Trump has privately complained in recent days that disclosures on the dwindling US munitions stockpile make the United States look weak at a critical juncture, senior US officials said.
Cereals & Grains conference connects science, technology
The conference will unite cereal and grain experts from industry, academia and government to explore solutions.
Blackhawks Trade Pitch Lands Penguins’ $30.75M Star Winger
The Chicago Blackhawks have made it clear with their roster moves this offseason that they want to be better in 2026-27. They most notably acquired Bowen Byram in a blockbuster trade with the Buffalo Sabres and also reunited with Patrick Kane. The Original Six also added other players to their roster this summer, like Ian […] The post Blackhawks Trade Pitch Lands Penguins’ $30.75M Star Winger appeared first on HEAVY.
One year since Kennedy canceled mRNA vaccine projects, science shows how wrong he was
“The United States invented this platform and is the only country walking away from it,” Jeff Coller writes of mRNA vaccines.
Newcastle plot £85m Nmecha bid as Guimaraes replacement
Newcastle United are lining up a club-record bid for Borussia Dortmund’s Felix Nmecha as the club seek a replacement for Bruno Guimaraes.Guimaraes is closing in on a £75m transfer to Arsenal after ...
Cohen's reversible male contraception research earns recognition at international science summit
Dr. Paula Cohen has been chosen as a finalist for the Falling Walls Global Call for Science Breakthroughs 2026. Since 2009, the Falling Walls Science Summit has united the world’s greatest minds to break down barriers in science and innovation.Cohen's work in reversible male contraception has earned her place as a finalist in the life sciences category. Falling Walls interviewed Cohen on this project recently:
Neil an important factor in Millwall move
Millwall defender Danny Batth admits the chance to reunite with Alex Neil was a huge factor in his choice to join the club this summer.
FDA approves first mRNA-based flu vaccine
The US Food and Drug Administration on Wednesday approved the United States’ first mRNA-based flu vaccine for adults 50 and older, drugmaker Moderna said.
Newcastle United appoint Matthias Jaissle as head coach following Eddie Howe's departure from St James' Park
Matthias Jaissle appointed new boss of Newcastle; German succeeds Eddie Howe after his resignation; Jaissle signs four-year deal at St James Park; Newcastle paid £9.5m compensation to Saudi side Al Ahli to appoint Jaissle, whose first match in charge of the Magpies is next Saturday
Flutter shares plummet on earnings miss and another key leadership change
FanDuel, Flutter's most important business, has been losing its dominance in market share in the United States.
Hospitals nationwide recognized for commitment to advancing high-quality cardiovascular health care
DALLAS, August 5, 2026 — Cardiovascular disease remains the leading cause of death in the United States, according to the American Heart Association’s 2026 Heart Disease and Stroke Statistics, and improving survival depends on health care teams...
New York among state suing over Trump’s new tariffs, calling them 'pretext'
The United States last month imposed double-digit tariffs on 59 countries and the European Union.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. I am particularly pleased that it goes out for free to thousands of subscribers around the world. But, writing this newsletter takes a lot of work. If you are enjoying it and would like to support the project, sign up for one of the subscription options here. It is the equivalent of a fancy cup of coffee per month! Subscribe
Newcastle captain to hold Arsenal medical after £75m fee agreed
Arsenal have agreed a fee for the signing of Bruno Guimaraes, with details of the deal emerging and the player receiving permission from Newcastle United to hold a medical.Photo by Jan Kruger/Getty Im...
Singapore's UOB to shed asset management arm for $433.5 million to focus on wealth management
Singapore lender United Overseas Bank said on Wednesday that it had agreed to sell its asset management business to a unit of European insurer Allianz for S$555 million ($433.49 million).
Rabbit fever cases detected in US. How to check for symptoms
Cases of tularemia, or rabbit fever, have been detected in the United States. Here are symptoms and where the rare disease has been reported.
The oldest colleges in every state
The oldest college in the United States is Harvard University, founded in 1636.