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PGA Championship: Michael Block, after missing the cut, has 'no doubt' he will make a return to the major
Michael Block posted a 5-over 75 on Friday and fell outside the projected cutline at Aronimink.
Thurston County business pleads guilty to illegal sale of elephant ivory figurine
JOINT NEWS RELEASE Washington State Attorney General’s Office and Washington Department of Fish and Wildlife Police OLYMPIA – A Washington Department of Fish and Wildlife (WDFW) Police investigation, prosecuted by the Attorney General’s Office (AGO), into the illegal sale of a figurine carved out of elephant ivory has resulted in a guilty plea, fine, and wildlife penalty for a Thurston County business.
Gov. Green signs law that targets corporate influence in politics
The new Hawaii law is aimed at curbing what is often called "dark money" in politics.
HOMETOWN ENTERTAINMENT: Jacoozy among the On the Rise Contenders at FloydFest 26-Daydream
The jam-rock band from North Carolina is set to perform at FloydFest on July 24.
The NFL starting on a Wednesday? Don't be surprised if that continues
Race list for May 26 Texas primary runoff
Early voting for the Texas primary runoff runs May 18-22. See the federal, state and county runoffs on ballots in Collin, Dallas, Denton and Tarrant.
Charles Woodson Jr. follows in dad's footsteps, commits to Michigan
Golf Entertainment Group Inc. Reports First Quarter 2026 Results
STAMFORD, Conn., May 15, 2026--Golf Entertainment Group Inc. (OTCQX: GLFE) (the "Company"), a leading owner and operator of golf, hospitality, and entertainment experiences, today announced financial results for the quarter ended March 31, 2026.
The Battery Atlanta inspires SEC programs to create entertainment districts
In this NIL age of college sports, The Battery Atlanta is a model of a revenue stream that also benefits the community.
Cleveland Browns win the schedule announcements with iconic YouTube names
The Browns just dropped the best schedule release video in team history.
NBA Playoff Round Two Reactions + WNBA Check-Ins
Nekias Duncan and Steve Jones break down the Game 5s of the NBA conference semifinals & react to recent WNBA results.
Entertainment: Book of Mormon Sales begin, Hoku Finalists
"The Book of Mormon" returns to the Blaisdell Concert Hall later this year after a sold out Honolulu run nearly a decade ago.
County getting into the Entertainment (Zone) business
Hoping to help local businesses and attract more visitors ready to spend some money, the El Dorado County Board of Supervisors on May 12 conceptually approved the establishment of Entertainment
Thousands of reprocessed EP catheters recalled
Stryker Sustainability Solutions is recalling more than 8,000 reprocessed medical devices. This is a Class II recall, according to the FDA, and these devices should no longer be used to treat patients.
Golf Entertainment Group: Q1 Earnings Snapshot
Titans sign second-round pick Anthony Hill
What to know about new Ebola outbreak that has killed 65 people in Congo
Africa’s top public health body has confirmed a new Ebola outbreak in Congo’s Ituri province, the 17th since the disease first emerged in the country in 1976.
An Alberta Court Hands Danielle Smith a Politically Explosive Choice
Also: Milken is coming to Toronto
Trump says sculpture garden honoring prominent Americans is planned for park along Potomac River
President Donald Trump plans to build an exhibit of statues featuring prominent Americans in a tightly regulated park along the Potomac River, potentially opening a new legal fight over whether his administration is ignoring the approvals process that typically governs Washington's monumental core.
NBA Draft Combine winners: Awards for top performers, including Cameron Boozer and the biggest riser
NYC restaurateur accuses city officials of bombarding small businesses with red tape
NYC restaurateur Stratis Morfogen joins ‘Varney & Co.’ to sound off on mounting red tape delaying outdoor dining permits and warn how socialist-backed policies could hurt small businesses across New York City.
Democratic Rep. Steve Cohen drops reelection bid after redistricting in Tennessee
Amazon shares major update on search for the next James Bond
Navy Federal Business Loans Review 2026
Navy Federal Credit Union offers business loans and credit lines to small-business owners with a military connection. Some products are competitive.
Revolut Offers All Staffers £1000 to Help Lure In New Business
Revolut Ltd. Chief Executive Officer Nik Storonsky is offering employees across the digital bank £1000 ($1,334) to woo more businesses to bank with Revolut, setting it as its highest priority to further boost the digital lender’s growth, valuation and revenue.
Andreas Rettig: 'You can't separate sports and politics'
The World Cup in the USA, Canada, and Mexico is sparking discussions beyond the realm of football. DFB Director Andreas Rettig discusses the Germany team and the geopolitical situation in an interview with DW.
Andreas Rettig: 'You can't separate sports and politics'
The World Cup in the USA, Canada, and Mexico is sparking discussions beyond the realm of football. DFB Director Andreas Rettig discusses the Germany team and the geopolitical situation in an interview with DW.
Craig Bacon to lead U of A Department of Food Science
Having worked for Simmons Foods, Tyson Foods and Oscar Mayer, he brings an industry perspective to the university.
WATCH LIVE: Vance speaks at National Peace Officers' Memorial Service
2026 Academy of Country Music Awards: Shania Twain hosts the Vegas-set ceremony this weekend, with Megan Moroney and Ella Langley among the top nominees
Yahoo rounded up everything there is to know about the Academy of Country Music Awards on Sunday, from the evening's full roster of performers and nominees to who Twain is most excited to meet.
Justice Department challenges efforts to sanction Trump administration lawyers in new lawsuit
The Justice Department is challenging efforts to sanction attorneys from the first and second Trump administrations, asserting in a lawsuit that the District of Columbia Bar is unfairly playing politics with the legal disciplinary process.
2026 NFL Schedule: Fantasy football winners and losers
McMaster appoints Dr. Brannon Traxler acting director of Department of Public Health
Gov. Henry McMaster has named Dr. Brannon Traxler as acting director of the South Carolina Department of Public Health.Traxler currently serves as the agency’s
Britain Politics
Larry the cat, Chief Mouser to the Cabinet Office and a police officer are next to the 10 Downing Street door in London, Friday, May 15, 2026.(AP Photo/Kin Cheung)
Ranking college football's 26 most-feared defensive players ahead of the 2026 season
The 2026 season will largely be defined by these elite pass rushers, linebackers and defensive backs
WSFA welcomes Sports Reporter Maya Kitchens
Our sports department is back to full strength! Welcome to the team, Maya!
New movies to watch this weekend: See 'Obsession' in theaters, rent 'Project Hail Mary,' stream 'Marty: Life is Short' on Netflix
The "Top Gun" films head back to theaters, while Ryan Gosling's latest hit heads to home screens.
Deion: Shedeur Sanders ‘went through hell’ during NFL Draft process, rookie season with Browns
Wahls, Turek spar on reproductive healthcare records at Senate primary debate
Candidates Josh Turek and Zach Wahls sparred Thursday during the second U.S. Senate Democratic primary debate on issues like reproductive healthcare and how to best achieve their policy goals if elected.
Andrew Abbott leaned into some science to get his season back on track
Andrew Abbott has been working closely with the Reds biomechanics team
PGA Championship leaderboard: Scottie Scheffler looks to take control
PGA Championship leaderboard, Round 2 updates: Scottie Scheffler at the top as Rory McIlroy struggles early at Aronimink
Scottie Scheffler is at the top of the leaderboard after 18 holes at Aronimink.
‘One of the most important living laboratories’: Scientists raise alarms over push by Lee, Maloy to scrap Grand Staircase-Escalante plan
Scientists are asking Congress to keep the 2025 management plan for Grand Staircase-Escalante National Monument, what they call “one of the most important living laboratories in North America.”
Military Health System releases “Mental Health Guidebook”, an essential resource for those who serve
The Military Health System’s Mental Health Resource Guidebook is a digital, concise, and comprehensive guide for warfighters and families wherever they are in their mental health journey.
Unknown Worlds / Subnautica 2 Early Access Roadmap
We want to share a few more details about what you can expect from Subnautica 2 in our first Early Access roadmap.
Sports Daily Live: Chiefs release full schedule
What can we expect from the Kansas City Chiefs in the 2026 season? We take a game-by-game look at the schedule.
Stefan Vedovelli Claims College Sports Communicators Academic All-District® Recognition
Junior Honored for Dedication to His Studies
Chemical reaction in Fishers HS science lab prompts police, fire department response
Drake just dropped 3 albums at once — here's what they say about his epic beef with Kendrick Lamar.
The rapper released 'Iceman' alongside 2 surprise albums. Fans searched for Kendrick disses in the lyrics after their explosive 2024 feud.
Trump, Xi and the Politics of Pig Rearing
The presidential summit and hopes for soybean deals are occurring against the backdrop of China’s struggling pork industry.
Shania Twain broke down country music's doors. A new generation of women is coming in after her.
Before women dominated country music, Shania Twain broke nearly every rule of the genre to pave the way.
Guardiola's personal to-do list for Pulis
My first encounter with Manchester City boss Pep Guardiola was when I was with West Brom. It was early in Pep's first Premier League campaign, 2016-17, and Manchester City had just beaten us at home. As people will tell you, I forced him to eat with us too, while we discussed his early impressions of the Premier League and English football in general.
VIDEO: Bill in the works to lower cost of youth sports
Many families are paying about $5,000 per child to get them involved in competitive sports outside of school, according to Sen. Chris Murphy.
Britain Politics
From left, Mayor of London Sadiq Khan, Prime Minister Keir Starmer, Commander Clair Haynes, and Commissioner Mark Rowley meet police officers to discuss operational planning, in London, Friday, May 15,
Rock legend says new solo tour could be his last, wants ‘less grueling life’
He called the shows "one more for the road."
This Nashville Business Has Been Stealing Hearts One Cannoli At A Time
You'll regret not learning about this business sooner: This Nashville vendor serves cannolis at events, but there's a twist that is making the company go viral.
Commentary: Rent control does more than protect tenants from rent hikes
R.I. city councilors should overturn Mayor Smiley’s veto of the rent stabilization ordinance, which will help support community health, write city councilor and public health leader.
Lexington news startup debates its unique business model
While the “Local News Hub” program has helped the Observer pay for its own local reporting at a time when news outlets are in search of new revenue streams, some of its leaders are questioning whether it should continue.
Germany Politics
German Chancellor Friedrich Merz, second right, attends a discussion with young people during a congress of the German Catholic people the "Deutscher Katholikentag" in Wuerzburg, Germany, Friday, May 15, 2026.
Schroders looks to exit China mutual funds business after just three years
London-listed group is set to be taken over by US-headquartered asset manager Nuveen in £10bn deal
Britain Politics
Britain's Prime Minister Keir Starmer meet with police officers to discuss operational planning ahead of this weekend's protests in London, Friday, May 15, 2026. (Peter Nicholls/Pool Photo via AP)
EY AI leader says 3 engineering roles are converging
Dan Diasio, EY's consulting CTO of Americas, said that the work of data, software, and AI engineers is overlapping much more today.
GTA 6 Multiple Game Editions Leak For Pre-Order, Includes Collector's Edition
All we have to do now is decide which one to buy.
NMU Athletics announces the 2026 NMU Sports Hall of Fame class
MARQUETTE, Mich. – The Northern Michigan University Department of Athletics proudly announces the newest inductees to the NMU Sports Hall of Fame. The 2026 class includes Bernie Anderson (wrestling/football/coach), Rachel Helm (swim & dive), Shayla Manitowabi-Huebner (track & field), Kirsten (Silvester) Namesnik (swim & dive), Al Mitchell (boxing/coach), Mark Rosen (volleyball/coach), and the 1979 women's field hockey team.
Senator proposes bill to lower youth sports costs
Many families are paying about $5,000 per child to get them involved in competitive sports outside of school, according to Sen. Chris Murphy.
7.io Expands Its Vision for the Future of Web3 Entertainment and Crypto Gambling
KUALA LUMPUR, Malaysia, May 15, 2026 (GLOBE NEWSWIRE) -- 7.io today announced its continued expansion into the next generation of Web3-powered e...
Britain's pound, stocks and bonds fall on political uncertainty, global inflation angst
British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock, leaving UK assets in the mire.
Datavault AI Provides Q1 2026 Business Update Highlighting Tokenization Adoption and Infrastructure Progress
More than $800 million in tokenization contracts signed; generating nearly $100 million in fees expected to be recognized in 2026 First Quarter…...
Gilts Slump as Investors Brace for Burnham Challenge to Starmer
Gilts tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the UK prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy.
When Trump met Xi as peers
The image of two superpowers on similar footing was exactly what Chinese President Xi Jinping aimed to achieve with the visit, analysts said.
Africa's top health body confirms new Ebola outbreak in remote Congo province
Africa's top public health body has confirmed a new Ebola outbreak in Congo’s remote Ituri province.
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
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Craig Leipold, Local Businesses Buy Saint Paul Hotel
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New Hawaii law targets corporate influence in politics after Citizens United ruling
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Examples of the most innovative work and legal services for clients in the Asia-Pacific region
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Kara Wildman receives 2026 Woman in Business Award
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PGA Championship Round 2 tee times: Scottie Scheffler will go out early
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City ordinance could create entertainment corridors
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Supreme Court preserves access to widely used abortion pill, while lawsuit plays out
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