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California colleges are seeing a rise of conservative voices. Some classes are tense
Turning Point USA chapters are growing on California campuses after Charlie Kirk’s assassination, as tensions rise both in and out of the classroom.
Gotham FC’s potential New York City move could be a win for everyone
Gotham will spend the summer away from Sports Illustrated Stadium while their home venue hosts men's 2026 World Cup watch parties.
How eBay won over fashion shoppers again
Through savvy partnerships, showing up at key cultural moments, and improving its user experience, the resale OG has become cool again.
NBC Sports’ betting experts give their best bets for the Preakness
No Kentucky Derby winner? No problem. These are the horses worth wagering on Saturday.
Middle school students in Kaukauna gets hands‑on with food production
Kaukauna teacher brings modern agriculture to middle schoolers with hydroponic growing system.
Stiles couple turns retirement hobby into successful, growing business
What began as a hobby is now a successful business for Irene and Randy Belongia, owners of Willow Buck Creations in Stiles.
A North Carolina farmer is testing whether Democrats can still win rural America
In North Carolina, Jamie Ager is distancing himself from his national party to win a congressional seat.
With dwindling health care options, rural residents wonder what’s next from a new Mayo Clinic CEO
Southern Minnesota communities served by the world-famous medical system are waiting to see whether Mayo expands its rural offerings or continues closing and consolidating locations.
Microsoft confirms more Windows 11 Start menu customization and improvements are on the way
Windows 11 now has a movable taskbar, but Microsoft is not done with upgrades. The company confirmed that more Start menu improvements and features are on the way.
Texas A&M's SEC Tournament scenarios before critical rubber match
Before Saturday's rubber match vs. Mississippi State, Texas A&M needs a win to earn the 2 or 3-seed in the SEC Tournament next week.
Fond du Lac Agri-Business Council names scholarship winners
Six Fond du Lac County area students were selected for 2026 agri-business scholarships.
Russia’s Putin to visit China following Trump’s trip
Putin and Chinese President Xi Jinping plan to 'further strengthen the comprehensive partnership', the Kremlin says.
Spurs win to move into Western Conference finals
Stephon Castle stars as the San Antonio Spurs seal their spot in the Western Conference finals with a convincing win over the Minnesota Timberwolves.
Barcelona outcasts now attracting serious interest from Ajax
Barcelona could soon receive an unexpected helping hand in their plans for next season, with Ajax showing concrete interest in two goalkeepers currently tied to the Catalan side.Barcelona are expected...
Mira Costa defeats Loyola for the Southern Section boys' volleyball title
Mira Costa sweeps rival Loyola to win its second straight Southern Section Division 1 boys' volleyball championship.
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
Analyzing potential Mets starting pitching replacements following Clay Holmes injury
Spencer Torkelson walks off Blue Jays for epic Tigers win
Spencer Torkelson played the role of hero for the Detroit Tigers on Friday evening in Detroit with a walk-off, two-run RBI single.
‘Acrisure Amphitheater is open for business’: Lionel Richie wows Grand Rapids with hits
The Grammy winner performed Friday at the new 12,000-capacity venue in downtown Grand Rapids, treating concertgoers to hits such as “Hello” and “Easy.”
Caitlin Clark sends Fever-Mystics to OT, but Washington holds on for the 2-point win
Clark's last-second 3-pointer to force overtime wasn't enough for the win, as a career night from Sonia Citron led the Mystics to a narrow victory.
USF hosts ‘Ocean of Support’ fundraiser to rebuild Marine Science lab destroyed by fire
Following a tragic fire that destroyed the University of South Florida’s Marine Science lab at the school’s Pinellas County campus, university staff held a fundraiser Friday to help reb…
Pistons force Game 7 with 115-94 win over Cavaliers behind Jalen Duren's redemptive 15 points, 11 rebounds
Westwood business students win national awards
FROM A NEWS RELEASE ISHPEMING — Eleven Westwood High School business students attended the Business Professionals of America National Leadership Conference, “Amplify Your Impact,” from May 6-10. Nearly 7,000 delegates attended the conference, which was held in Nashville, Tennessee. Three students came home national winners. National award winners are: Lucy Ostola, third place, legal office […]
Supreme Court rejects bid to restore Virginia congressional map favoring Democrats
In recent days, the justices have sided with Republicans in Alabama and Louisiana who hope to redo their congressional maps to produce more GOP-leaning seats following the court’s voting rights decision.
Google Health Premium vs. Basic Features Comparison
The launch of Google Health, its new app, and the Fitbit Air is around the corner. In fact, for many of you, the new Google Health app should start showing up on your phones as an update as early...
Preakness Stakes 2026 predictions, odds, horses, time: Win, place, show, exacta, trifecta, superfecta bets
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
WATCH | Vehicle barrels through window of Mechanicsburg business
Business was booming at a Mechanicsburg trailer store on Thursday when a SUV came crashing through the building's window.
Wintrust spreads its brand in West Michigan via Grand Rapids naming rights deal
Wintrust Financial Corp. will sponsor prominent entry points at the new Acrisure Amphitheater in downtown Grand Rapids in a move to further spread its brand in West Michigan after acquiring Macatawa Bank.
Windows 11 tests an adjustable taskbar and resizable Start menu
Windows 11 Insiders can choose a smaller taskbar as well.
The Brabus Bodo Makes Aston’s Vanquish Look Underpowered And Cheap
The exclusive GT honors Brabus founder Bodo Buschmann and features a twin-turbo V12 with nearly 1,000 hp
Health officials monitoring growing number of people for hantavirus
Girls high school flag football: Students push to have growing sport sanctioned in Minnesota
Students are pushing to have high school girls flag football sanctioned by the Minnesota State High School League as the sport grows in popularity across the state and the nation.
Ferrari's New Supercar Is An Homage To The Twin-Turbo V8
Based on the F8 Spider, the new Ferrari HC25 offers a unique take on the mid-engined V8 spider.
The movable Taskbar is back on Windows 11 — here is how to test it now
Microsoft is now testing the option to move the Taskbar to the side of your screen on Windows 11.
Helio and You: Seasons on Earth, Mars, and Beyond
Earth has four seasons - spring, summer, fall, and winter. Other planets can experience seasons, too, but they might be wildly different from the ones that we are used to. Find out about how seasons work and what role the Sun plays in causing them.
'Is God Is': Two sisters seek out revenge
“Is God Is” opens in theaters May 15.
'Is God Is': Two sisters seek out revenge
“Is God Is” opens in theaters May 15.
Opinion: DPW Building Committee Needs to Change How It Conducts Its Business
On Wednesday, May 13, 2026, I drove to downtown Amherst in the middle of the afternoon to attend a meeting of the committee overseeing the construction of the town's new DPW facility — the DPW Building Committee (DPWBC). There was essentially one agenda item: reviewing the evaluation criteria that will be used to select a
I dropped out of Wharton to start a padel club
Abigail McCulloch left Wharton to launch a padel club, investing most of her savings into the fast-growing business.
New Wings exhibit traces Paul McCartney’s reinvention as husband, father and bandleader
A new exhibit at the Rock & Roll Hall of Fame in Cleveland features the largest public display ever assembled of Paul McCartney’s personal artifacts | Talk 1370
A hotel check-in system left a million passports and driver's licenses open for anyone to see
The tech company that maintains the hotel check-in system set its cloud storage to public, allowing anyone to access customers' data without a password.
Ferrari Celebrates Twin-Turbo V8s With A Car Only One Person Can Own
The latest one-off, called HC25, is based on the F8 and is presented as a "bridge" between Ferrari's past and future.
Congressman Cohen Announces Plan for His Political Future
WASHINGTON – Congressman Steve Cohen, who has represented Tennessee’s 9th Congressional District for more than 19 years, held a press conference at his office in Washington this morning to announced that he will not be a candidate for any of the newly drawn Congressional seats carved out of the 9th. His majority-Black district was gerrymandered into three Republican-leaning districts by the state General Assembly last week.He made the following statement:
The Lancia 037 Tribute Just Got A 1,000 HP V8 From Koenigsegg
Kimera's K39 swaps the brand's twin-charged four-cylinder for a Koenigsegg-sourced twin-turbo V8 making 1,000 hp
Cleveland Browns win the schedule announcements with iconic YouTube names
The Browns just dropped the best schedule release video in team history.
Preakness Stakes 2026 predictions, odds, horses, time: Win, place, show, exacta, trifecta and superfecta picks
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
Colin McEnroe (opinion): Peppa Pig invites mudslinging to CT politics
Peppa Pig contributes to Erin Stewart's downfall as a GOP gubernatorial candidate, allowing rival Ryan Fazio to hog the spotlight.
Colin McEnroe (opinion): Peppa Pig invites mudslinging to CT politics
Peppa Pig contributes to Erin Stewart's downfall as a GOP gubernatorial candidate, allowing rival Ryan Fazio to hog the spotlight.
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
NBA Draft Combine winners: Awards for top performers, including Cameron Boozer and the biggest riser
A ‘Devil Wears Prada 2’ Actor’s Performance Is Drawing Backlash — And His Wife Isn’t Staying Quiet
Reviews of "The Devil Wears Prada 2" have been mostly positive, but this one character has divided the film's fans.
Daniel Radcliffe and Mariska Hargitay Toast ‘Every Brilliant Thing’ and the Center for Youth Mental Health
Dr. Zandy Forbes, Ayesha Shand, Dr. Charlie Shaffer, Elizabeth Shaffer, and Anna Wintour served as co-hosts for the evening, which welcomed Louisa Jacobson, Derek Blasberg, Natalie and Ava Massenet, and more.
Our understanding of Charles Darwin continues to evolve
Historian Janet Browne’s Darwin: A Biography lifts the curtain on the private life of Charles Darwin, one of science’s most controversial pioneers.
Marine Corps Veteran embraces first Winter Sports Clinic
Sixteen years ago, a car accident left USMC Veteran Joe Gibson paralyzed. Through adaptive sports at the Winter Sports Clinic, he is pushing past barriers.
British Politics Is About to Get Even Messier
The looming contest between Prime Minister Keir Starmer and left-wing mayor Andy Burnham is spooking markets worried about Britain’s finances.
Linux 7.0.8 Released & LTS Kernels Updated For ssh-keysign-pwn
Following yesterday's disclosure of the ssh-keysign-pwn vulnerability that allows unprivileged users to read root-owned files, a slew of new stable kernel releases are out today to address this latest Linux security issue.
Google's slimmed down Gemini model is quietly winning AI customers
Vercel CEO Guillermo Rauch highlights Google's Gemini Flash model's rise in AI demand, overtaking Anthropic in Vercel's AI Gateway.
Sony Surprise Drops New Feature via May 2026 Beta Update
Sony has just added a new feature to the PS5 via a beta update for May 2026. A new social/community widget is being tested.
Philippines vows to hand fugitive senator to ICC following shootout
Senator Ronald 'Bato' dela Rosa wanted for alleged role as top enforcer of ex-president Duterte's deadly drug war.
Microsoft to automatically roll back faulty Windows drivers
Microsoft is introducing a new Windows Update capability that will allow it to remotely roll back problematic Windows drivers delivered through Windows Update.
Should Your Subscription Business Use Auto-Renew?
Subscription businesses obsess over pricing and churn, but the most consequential strategic choice may be far simpler: whether subscriptions auto-renew or auto-cancel. Drawing on a 1.4 million–person field experiment with a major European newspaper, the authors show that while auto-renewal boosts short-term retention, it suppresses trial sign-ups so sharply that auto-cancel ultimately produces more paying subscribers and higher-quality customers over time. The right approach depends on two factors—whether customers are naturally loyal or variety-seeking, and whether a company is an incumbent defending share or a challenger trying to acquire it—making renewal defaults a competitive strategy decision, not merely an operational setting.
NYU's Joshua Tucker on the politics of training AI
Joshua Tucker, New York University Center for Social Media & Politics co-director, joins 'Squawk Box' to discuss details of the university's new research showing that AI chatbots generate more government-friendly responses when prompted in languages tied to countries with tighter media controls, the intersection of politics and AI, and more.
Inaugural Mind-Body Science and Health lecture planned
The inaugural Distinguished Lectureship in Mind-Body Science and Health will be delivered by Wendy Berry Mendes, Yale University professor of psychology, on May 28 at the Mellon Institute. Mendes will discuss “Affect Contagion: Physiologic Synchrony among Strangers and Close Others,” from 2:30 to 3:30 p.m. in the Mellon Institute Auditorium. The lectureship is sponsored by the Pittsburgh Health Psychology and Behavioral Medicine Research Network, a joint project of Pitt and Carnegie Mellon University, and Pitt’s Center for Mind-Body Science and Health. RSVP as soon as possible to help plan for a reception following the lecture. This is a public event. Students, post-docs, and early-stage investigators are especially encouraged to attend.
Globavend Expands into Digital Entertainment Through Proposed Acquisition of Loomi Entertainment
Proposed Transaction Positions Globavend to Enter the Fast-Growing AI-Enabled Short-Form Digital Entertainment MarketPERTH, Australia, May 15, 2026 (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) (“Globavend” or the “Company”), an emerging e-commerce logistics provider, today announced that it has entered into a definitive agreement with Zenith Green Limited (the “Vendor”) to acquire 70% of the equity interests in Loomi Entertainment Group Limited (“Loomi Entertainment”,
The perfect commuter bike? Velotric's Discover 3 makes its case.
A customized mid-motor and Shimano's new Cues components are a winning combination.
Five intriguing Phillies prospects raking down on the farm
The Phillies’ farm system has featured several strong offensive starts, including breakout showings from Alirio Ferrebus, Bryan Rincon and Dante Nori.
Scientists Discover Signs Africa May Be Splitting Apart Beneath Zambia
Unusual helium signatures detected in Zambian hot springs may signal that a hidden tectonic rift is actively developing beneath southwestern Africa.
Anthony Gordon transfer news: Newcastle head coach Eddie Howe hints at winger's exit amid Bayern Munich links
Bayern Munich have opened talks with Newcastle over a potential transfer for Anthony Gordon; 25-year-old has not played in the clubs last four matches; Newcastle will listen to offers this summer; Watch Newcastle vs West Ham on Sunday live on Sky Sports, kick-off 5.30pm
Berks’ Best 2026 science and environment winner: Finnegan Miller says it started with a patch of mold
Conrad Weiser senior channels early fascination with fungi into award-winning research and a future in food science and environmental sustainability.
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.
Cristiano Ronaldo adds free sports streamer to his business empire ahead of the World Cup
The channel will be responsible for showing 34 matches from the 2026 World Cup, live and at no cost to viewers, including all the matches of the Portuguese national football team.View on euronews
Windows 11 KB5089549 can now be downloaded for USB installs using official Microsoft tool
Microsoft has made an update related to the Media Creation Tool, its official utility for downloading and installing Windows via ISOs.
Scientists identify massive new dinosaur following Thailand dig
Nagatitan chaiyaphumensis had enough unique features to be considered a new species.
Japan’s Largest LSI Pledges More AI as Translation Business Falters
Honyaku Center’s revenue and profit fall in fiscal 2026 on macro headwinds. The company pledged more AI in its core translation business.
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
Sports quiz of the week: FA Cup final, NFL, Giro and Women’s Six Nations
Have you been following the big stories in football, rugby, tennis, boxing, cycling, golf and the NFL?
MINNEAPOLIMEDIA PRESENTS | This Weekend in the Twin Cities – Entertainment Guide: May 15–17, 2026 Edition
MinneapoliMedia’s May 15–17 entertainment guide highlights Art-A-Whirl, live theater, concerts, festivals, sports, comedy, and family events across the Twin Cities.
Green Bay area high school sports results for Thursday, May 14
High school baseball, softball, soccer, tennis and golf teams were in action.
Prep baseball playoffs: Santa Margarita hits eight home runs in 19-1 victory
Andre Owens hits three of Santa Margarita's eight home runs in a Southern Section Division 2 playoff win over Rancho Christian.
Business owners impacted by Winston Weaver fire learn about filing claims for compensation
Business owners affected by the Winston Weaver fertilizer plant fire attended a meeting to discuss filing claims for compensation from a $4.5 million class action settlement.
Winners and losers of the CBS California gubernatorial debate
Candidates pile on the Democratic front-runner, Xavier Becerra, including a white-paper wielding Katie Porter. But nothing happened that's likely to shake up the race as it careens toward the finish. Some inspiration would help.
NFL schedule winners and losers: Packers get soft beginning, Patriots face toughest start in 40 years
Here are a few initial winners and losers from the 2026 NFL schedule release.
Big Bets Report: Wolves Win Would Equal Huge Payday For Nick Wright
Patrick Everson reports on the latest big bets, including a still-alive futures wager from FS1's Nick Wright.
Linux's Latest Vulnerability Allows Reading Root-Owned Files By Unprivileged Users
Following Dirty Frag, Fragnesia, and other Linux kernel vulnerabilities making themselves known in recent days, the latest now is ssh-keysign-pwn.
BrightSpring Health Services (BTSG) Is Up 10.3% After Raising 2026 Revenue Guidance And Q1 Beat – Has The Bull Case Changed?
In early May 2026, BrightSpring Health Services reported first-quarter results showing revenue of US$3.61 billion and net income of US$148.77 million, and also raised its full-year 2026 earnings guidance to expected revenues of US$14.73 billion to US$15.23 billion. The combination of outperformance in specialty pharmacy and infusion services, efficiency gains from automation, and successful home health integrations is reshaping how investors view BrightSpring’s earnings power and growth...
2026 Preakness Stakes horses, odds, predictions, post draw: Top expert who called 11 winners unveils picks
Jody Demling, who has called 11 Preakness winners, reveals his 2026 Preakness Stakes picks with Golden Tempo not running
NFL 2026 schedule: Thanksgiving week expands again, five games headline holiday slate
The NFL schedule is officially here, and five games headline an ever-growing list of Thanksgiving-related football.
Scientists discover vitamin B2 may help cancer cells survive
Scientists have uncovered a surprising dark side to vitamin B2: it may help cancer cells stay alive. The vitamin supports a cellular shield that protects tumors from ferroptosis, a form of programmed cell death linked to cancer suppression. In lab tests, researchers used a vitamin B2-like compound called roseoflavin to break down that protection and trigger cancer cell death.
NASA’s new AI space chip could let spacecraft think for themselves
NASA is testing a next-generation space computer chip that could give spacecraft the ability to operate far more independently in deep space. The radiation-hardened processor is showing performance levels hundreds of times beyond current spaceflight computers while surviving punishing tests designed to mimic the harsh conditions of space. The technology could enable AI-powered spacecraft, faster scientific discoveries, and smarter missions to the Moon and Mars.
ASUS announces T1 editions of GeForce RTX 5070 and RTX 5060 Ti cards
ASUS launches T1-themed RTX 5070 and RTX 5060 Ti cards, and you can win them I have no clue what T1 is, nor do I follow League of Legends, but ASUS
Protecting lives everywhere
In 2025, the WHO Health Emergencies Programme responded to a growing number of health emergencies driven by conflict, climate shocks and disease outbreaks, amid severe funding constraints. This report shows how WHO delivered life‑saving health services, supported countries to detect and control outbreaks, and helped maintain essential health care in some of the world’s most fragile settings
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.
FOX NFL’s Loaded 2026 Regular Season Schedule Features Most Windows of Any Network
FOX NFL’s Loaded 2026 Regular Season Schedule Features Most Windows of Any Network
PGA Championship Round 2 tee times: Scottie Scheffler will go out early
Scheffler, world No. 1 and winner of four major championships, has never led a major championship after Round 1.
Preakness Stakes 2026 predictions, odds, horses, date: Win, place, show, exacta, trifecta, superfecta picks
Jody Demling has revealed his win, place and show picks for the Preakness Stakes 2026 on Saturday, May 16
Taming UK yields depends on economics not politics
Long-term government borrowing costs above 5% are higher than other developed economies and more sensitive to shocks. It’s tempting to blame political upheaval, but structural factors matter more. The solution is to shrink macroeconomic imbalances and revive capital markets.