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Apple is tweaking its controversial Liquid Glass design
While some users liked the sleek, transparent designs that look "glassy," others found Apple's design overhaul from last year to be hard to read.
Apple Announces macOS Golden Gate
Apple today announced that macOS 27 is named macOS Golden Gate. macOS Golden Gate has some Liquid Glass design changes. For example, apps now have a unified toolbar at the top, and the sidebar now expands to the edge of the window. Much like Mac OS X Snow Leopard in 2009, Apple said it focused on improving macOS's performance and dozens of underlying technologies.
Apple Announces Liquid Glass Improvements and Transparency Slider
Apple today announced a series of improvements to Liquid Glass, the translucent design language the company introduced last year. Apple said it has heard user feedback, which it "deeply appreciates," and is now making adjustments to the underlying foundations of how Liquid Glass is constructed. Chief among those changes is a new slider that lets users control transparency, ranging from fully opaque to completely clear. Sidebar behavior is also being updated.
Thief: The Dark Project Remastered announced for PS5, Xbox Series, Switch 2, PS4, Switch, and PC
Publisher atari and developers Nightdive Studios and Eidos Montreal have announced Thief: The Dark Project Remastered, a modern revival of the 1998 classic from Looking Glass Studios. It will launc…
Steve Hilton slams California politicians over lack of ‘energy’ and ‘pride’ in vote counting
Former House Speaker Kevin McCarthy discusses California’s chaotic primary election process and Gov. Gavin Newsom’s ‘break the glass’ remarks on ‘Sunday Morning Futures.’
Peptide Injections Touted as ‘Fountain of Youth.’ Spoiler Alert: They’re Not
Wellness peptides have become wildly popular despite lacking credible evidence for their safety and effectiveness. Here's why experts advise against using compounded peptides for health and fitness.
Stained glass studio celebrates first month as brick and mortar business
Tucked away on the side of Northwest 13th Street, neighboring a barber shop, nail salon and print shop, sits a studio with stained glass gleaming through sun-lit windows.
Wired Found Code For An Unreleased Facial Recognition Feature In Meta's AI App
Meta was previously reported to be exploring facial recognition for its smart glasses.
Move Fast, Surveil Things
Meta has deployed facial recognition code to millions of their always-on surveillance glasses, according to new reporting by Wired. EFF’s Threat Lab was able to confirm that the facial recognition
James Webb telescope detects most distant dormant black hole, invisible in all wavelengths and weighing as much as 6 billion suns
JWST found a black hole hiding in a galaxy more than 10 billion light-years away from Earth, and used a cosmic magnifying glass to determine its mass.
Meta Silently Added Face-Recognition Code for Its Smart Glasses to Millions of Phones
Code reviewed by WIRED uncovered an unreleased face-recognition system embedded in Meta’s smart glasses platform. It’s designed to identify people via biometric data stored on users’ phones.
ISS and Glass Lewis Recommend FOR Board Declassification Proposal at PENN Entertainment
UNITE HERE today announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have both recommended that PENN Entertainmen...
An outdoor entertainment district could be coming to Summerville
People could eventually be allowed to walk through parts of downtown Summerville with a beer or glass of wine in hand under a proposal now heading to Town Counc
Kuo: Apple's Vision Pro Successors Off the Table as Focus Shifts to Smart Glasses
Incoming Apple CEO John Ternus signed off on a major revision of Apple's Vision Pro and smart glasses plans, consolidating Apple's work in the category. According to Apple analyst Ming-Chi Kuo, Ternus nixed plans for a second Vision Pro and a lighter Vision Air. Kuo says there are only two smart glasses products in development, including the AI smart glasses that Apple is creating to rival the Meta Ray-Bans and a display-equipped set of AR smart glasses.
Short-sighted: John Ternus behind Apple Vision project refocuses
Apple's head-mounted hardware plans are slowly being cut, reportedly by new CEO John Ternus himself, with Vision Air said to be killed off alongside Display glasses.
Alice in Wonderland-inspired restaurant and entertainment venue opening at Atlanta’s The CTR
The Looking Glass, an Alice in Wonderland-inspired restaurant and entertainment venue will open in The CTR in downtown Atlanta next year.
Takeaways from the California gubernatorial primary election
Money can't buy love. The gubernatorial glass ceiling remains intact. California voters show — again — that boring can be beautiful. Five takeaways from the gubernatorial primary.
Elections to top science bodies test Croatia’s gender equality in research
Croatia’s track-record on gender equality in science has been both questioned and lauded in recent months, following both bad and good news on the topic. On the one hand, a senior awards committee was announced without a single woman researcher included. On the other, the national science academy welcomed its first cohort of fellows with more women than men.Members of the committee, which gives national awards recognising scientific achievement, are proposed by the ministry of science and endorsed by the parliament. The current line-up does include a woman, but she is culture minister Nina Obuljen Koržinek rather than a researcher. Even then, she didn’t make it into the photograph released to announce the appointments on April 16. “The image speaks a thousand words,” says Tanja Rudež, a science journalist for Jutarnji List newspaper. “I am surprised that none of these men, all well-known scientists, saw a problem with the fact that there was not a single successful female scientist on the committee,” she told Science|Business.Ivan Đikić, a prominent Croatian biochemist based at Goethe University Medical School, commented on LinkedIn that the news illustrated a “sad truth” about the state of science in Croatia.“It [. . .] reveals a system where women, despite contributing a substantial share of high-quality, internationally competitive science, are systematically excluded from the very processes that determine recognition and influence,” he wrote. Some 60% of researchers in Croatia are women, according to the Croatian Bureau of Statistics, and they perform well in international competitions. For example, of the 12 European Research Council (ERC) grants awarded to Croatian researchers, seven went to women.“So how is it possible that decision-making bodies are still dominated by men over 60, while not a single female ERC laureate is involved in the selection process?” asked Đikić. “This is not a marginal oversight; it is a structural failure.” The ministry of science did not reply to a request for comment. The awards committee is not unusual. For example, a scientific advisory body announced by the ministry of demographics in April comprises 35 men and five women. The board of the Croatian Science Foundation, newly appointed by the parliament, is a little better, with five men and two women, but still unequal. “This is especially significant because such bodies do not merely distribute prestige. They shape research priorities, funding allocation and long-term scientific development,” Marija Lugarić, chair of the parliament’s committee on gender equality, told Science|Business. “Representation here matters not only symbolically, but materially.”Referring to the awards committee and the board of the science foundation, Lugarić says that while both bodies were appointed by parliament, neither met the minimum 40% gender balance threshold that Croatian law and EU guidelines expressly recommend for public bodies.Đikić wants to see EU institutions put pressure on the government to ensure basic standards of fairness, transparency and democratic governance in science policy are met. “Meaningful change will not come without pressure,” he wrote. “It must intensify both within Croatia and at the level of European institutions. Anything less undermines the credibility of Europe’s commitment to excellence and inclusion in science.”Rudež also underlined the importance of talking and writing about this topic, “because public opinion in Croatia does influence changes in the status and visibility of women in science.”The European Commission has not yet responded to a request for comment.Good news from the academyA more positive story came from the Croatian Academy of Sciences and Arts on 21 May, with the announcement of seven new women fellows and five men. This is the first time in the academy’s 165-year history that women have outnumbered men in a new intake.One of the new fellows, two-time ERC grantee Iva Tolić, credits the academy leadership with trying to be more modern and inclusive, representing the whole community better. “The academy is really aware that so far, before this election, there were very few women,” she told Science|Business. “So, they are actively trying to make this more equal.”Related articlesExplained: How the MSCA is close to achieving gender balanceCall for EU to leverage academic freedom in global talent raceRudež is more cautious, noting that despite the academy’s “breakthrough this year [. . .] it is still a predominantly male institution, with only 18% women.”This reflects a wider imbalance in Croatia’s research landscape. “The key levers of power in science are still in the hands of men,” she went on. “For example, all 14 rectors of private and public universities are men.”Similarly, Lugarić says a structural glass ceiling still exists in Croatian science, which is “most visible precisely where power is exercised.”She cites data from the Commission’s She Figures 2024 report, which shows that Croatia ranks second in the EU for gender equality in research and innovation overall, with an equality index of 79.6 out of 100. It is in the top five for women’s career advancement, participation in research; representation across all research sectors and for scientific publications.In stark contrast, it ranks second to last when it comes to women in decision-making positions in science. “This is not a coincidence,” Lugarić says. “It is a structural pattern.”Informal barriersThe persistent under-representation of women in the highest structures of Croatia’s academies, boards, award committees and leadership positions is not down to formal barriers, Lugarić says, but arises from more subtle obstacles such as “informal networks, persistent expectations regarding traditional gender roles and the unequal distribution of care responsibilities.”Tolić would like to see more support for young women in terms of affordable housing and child support, and higher salaries. Currently, she says, salaries in science stay low for the first 10-15 years, while housing and spaces in kindergarten are limited and expensive. “You have to work a lot, you get very little money, so it’s not great to have a family in this situation,” she says.But despite the challenges, Tolić is optimistic, saying that gender equality in research in Croatia is “definitely improving and going in the right direction.” The situation is particularly promising in biology, she adds, where most full professors, heads of department and deans of faculties are women. Lugarić, too, see the glass ceiling “very slowly, cracking,” and cites the academy election as an example that structural change is possible. Yet the situation in the national awards committee is a “stark reminder that without a conscious, systemic commitment to gender balance, progress will remain slow and uneven.”
Not All Wine Glasses Tinkling Happily over Santa Barbara County’s Business Improvement District
The Goldwater Institute sues County Board of Supervisors and vintners association on behalf of Lompoc’s Flying Goat Cellars.
Customers out thousands of dollars after Central Florida business takes money and closes
A Titusville homeowner says she lost $5,000 after American Made Windows of Central Florida closed its doors before completing a promised sliding glass door installation.
Customers out thousands of dollars after Central Florida business takes money and closes
Brevard County homeowner says a Central Florida window company took thousands for new sliding glass doors, only to see the company cease operations
IU College of Arts and Sciences students recognized by Goldwater Scholarship program
Two students from the College of Arts and Sciences at Indiana University Bloomington are recipients of the prestigious Barry Goldwater Scholarship, a nati...
All-New ROG XBOX Ally X20 Bundle Raises the Bar for Gaming Handhelds
Discover the all-new ROG XBOX Ally X20 Bundle with a stunning 7.4" OLED Nebula HDR display, AMD Ryzen AI Z2 Extreme, and ROG XREAL R1 Edition 20 AR Glasses. Celebrate 20 years of ROG with the ultimate portable gaming setup.
All-New ROG XBOX Ally X20 Bundle Raises the Bar for Gaming Handhelds
Discover the all-new ROG XBOX Ally X20 Bundle with a stunning 7.4" OLED Nebula HDR display, AMD Ryzen AI Z2 Extreme, and ROG XREAL R1 Edition 20 AR Glasses. Celebrate 20 years of ROG with the ultimate portable gaming setup.
Asus gives the ROX Xbox Ally the OLED screen it deserves
But the hardware refresh is tethered to a bundle with pricey AR glasses.
Latest Apple Glasses leak has me way more excited for the product
Apple’s planned strategy for Apple Glasses was detailed in a new report, and it has me way more excited for the product.
Apple's Smart Glasses Reportedly Delayed Until Late 2027
Still, the glasses are regarded by company leadership as a top priority, Bloomberg's Mark Gurman writes.
ASUS' ROG Xbox Ally X20 bundle includes a limited-edition OLED Ally X handheld PC and AR gaming glasses
ASUS' new ROG Xbox Ally X20 has mostly the same hardware as last year's handheld, but now comes with a new OLED panel.
Businesses boost Braddock with relocation in Free Press Building
A glass-restoration business and a pay-what-you-can gym are taking over space vacated by long-term tenant Studebaker Metals.
This strange crystal acts like metal and glass at the same time
A remarkable crystal called molybdenum oxychloride could help make futuristic technologies like smart contact lenses and ultrathin AR glasses a reality. Scientists have created the first detailed experimental map of its optical properties, revealing the strongest light-bending effect ever measured in a natural material. The crystal can act either like a reflective metal or transparent glass, allowing it to manipulate light with extraordinary efficiency while being thousands of times thinner than a human hair.
Apple's Smart Glasses Reportedly Delayed Until Late 2027
Still, the glasses are regarded by company leadership as a top priority, Bloomberg's Mark Gurman writes.
Apple Is Officially Coming for Meta’s Privacy-Invading Lunch With Its Own Smart Glasses in Late 2027
Look forward to the tech giant's long-rumored wearables to be recording you without your knowledge or consent some time later next year.
Apple Glasses Reportedly Launching in 'Late 2027' With These Features
Apple is now aiming to release its first smart glasses in "late 2027," according to the latest word from Bloomberg's Mark Gurman. Meta Ray-Bans He previously said that Apple planned to begin shipping the glasses by early 2027, but he said the product has faced development delays. The glasses will feature "oval-shaped cameras, unique colors, and multiple frame styles," according to Gurman.
Apple destroyed the mid-tier watch market. Now it’s coming for the $200 billion eyewear industry.
Swatch revenue fell 28% and Fossil's dropped 70% after the Apple Watch launched. Apple is planning the same playbook for glasses, targeting a late 2027 launch.
Apple Seeks to Disrupt the Glasses Market the Way It Did With Watches
Also: The latest on iOS 27, iOS 28, new Apple TV and HomePod mini.
Meet Google's New Screenless Gemini Smart Glasses
Discover Google's new audio-only smart glasses, offering all-day battery life, cross-platform compatibility, and advanced Gemini AI features.
Houston Rockets Reveal Ambitious Toyota Center Transformation
A $180 million renovation will modernize the franchise's home with upscale suites and a glass atrium, aligning the arena’s evolution with the team’s aggressive championship pursuit.
Red Wing business owner facing drug charges
A search warranted carried out at Red Wing Glass Friday morning resulted in police finding nearly five pounds of suspected methamphetamine and a large amount of cash.
"We're determined to win justice for the 31 fired workers" - Rockstar Games workers publicly launch union, as legal battle with the GTA 6 maker rages on
Developers at GTA 6 maker Rockstar Games have announced a union known as the Rockstar Game Workers Union, a subsidiary of the IWGB.
Apple Seeds First Public Betas of iOS 26.6, macOS Tahoe 26.6 and More
Apple today provided public beta testers with the first betas of iOS 26.6, iPadOS 26.6, macOS Tahoe 26.6, watchOS 26.6, and tvOS 26.6, with the software coming two days after Apple seeded the betas to developers. After signing up to beta test the software updates on Apple's beta site, public beta testers can download the new software using the Software Update section in the Settings app on each device.
Google is bringing Gemini to smart glasses, and they come with one big advantage
During the Google I/O 2026 keynote, the company announced a major expansion of the Android XR platform, unveiling a new line of "Intelligent Eyewear." Built in collaboration with Samsung and...
Xreal launches a cheaper AR glasses brand, starting with the $299 a01
Called X by Xreal (or XBX), its first product are the $299 a01 display glasses.
Apple working on iPhone anti-snatching feature that locks the device automatically
Apple is working on a new iPhone security feature that can automatically lock the device when it detects that it has been snatched from the user’s hand.
Apple Seeds First iOS 26.6 and iPadOS 26.6 Betas to Developers
Apple today seeded the first betas of upcoming iOS 26.6 and iPadOS 26.6 updates to developers for testing purposes, with the software coming two weeks after Apple released iOS 26.5 and iPadOS 26.5. Registered developers can download the betas from the Settings app on the iPhone or iPad by going to the General section and selecting Software Update. With the debut of iOS 27 approaching in early June, Apple is wrapping up work on iOS 26.
The Lotus Emira 420 Sport Adds Power And Cuts Weight
It also gains a removable glass roof panel.
Raise a glass: Ohio debuts Hard Cider Trail
Those 21 and older can pick up the Ohio Hard Cider Trail passport at more than a dozen participating cideries.
Why Some Phone Manufacturers Stopped Using Gorilla Glass
Not every phone manufacturer is sticking with Gorilla Glass. Some are developing in-house alternatives, and their explanations vary by brand.
Xreal, Google's smartglasses partner, thinks it has finally mastered this notoriously tricky industry
Chi Xu, the founder and CEO of XREAL, thinks the smart glasses business has finally reached a turning point.
AOC tells New Yorkers to ‘pull up’ to Alabama during rally speech behind bulletproof glass
Rep. Alexandria Ocasio-Cortez sparks controversy with fiery Alabama rally speech urging northern progressives to "pull up" to southern red states.
Apple registers new 'gen AI' subdomain ahead of next month's WWDC keynote
Apple has just registered a new subdomain record ahead of WWDC: genai.apple.com. All signs point to WWDC 2026 being Apple’s...
The Asian workers keeping Greenland in business
Marinel Garciano dislikes winter, and that's tough when it lasts nine months in Ilulissat, Greenland.But behind the glass there was no greenery -- just the pristine white of a blizzard enveloping the ...
We tried Google’s AI glasses and they’re almost there
Google demoed prototype Android XR glasses that overlay Gemini-powered translation, navigation, and other information directly into your field of view.
Snap's AR Glasses May Launch Soon With a Jaw-Dropping Pricing
Making full-fledged AR glasses isn't cheap, nor will they be cheap to purchase.
Glenny Glass Company celebrates 175 years of business
The company has come a long way since the horse and carriage.
Editorial: Glass City fund spurs business
The latest rollout of the Kapszukiewicz administration’s Vibrancy Initiative grants is a hopeful sign for small-business development in the older areas of ...
Ancient chemistry trick unlocks new type of glass that traps CO2 and hydrogen
Researchers have discovered how to fine-tune a futuristic type of porous glass that can trap gases like CO2 and hydrogen. Inspired by centuries-old glassmaking techniques, the team added sodium and lithium compounds to make the material easier to process and shape. The breakthrough could accelerate the development of high-performance materials for clean energy, gas storage, and advanced manufacturing.
Snap Specs True AR Glasses Reportedly Launch This Fall For Around $2500
The Snap Specs standalone true AR glasses will launch this fall, veteran tech journalist Alex Heath reports, priced around $2500.
Google's Smart Glasses Plan To One-Up Meta's Ray-Bans With These 4 New Features
Google's new smart glasses will have screens, more capable AI features, better audio, and the smart glasses will also connect to a smartwatch, not just a phone.
Xreal Project Aura crams a whole VR headset into a pair of smart glasses, and it's exactly what Android XR was made for
With a phone-sized pocket puck and a sleek appearance, these are the Android XR smart glasses we've been waiting for.
Philip Glass, turning 90, gets tribute from Taylor Mac, Lucinda Childs
Taylor Mac and Lucinda Childs honored Philip Glass and his work with poets during a special performance, one of several celebrations ahead of the composer's upcoming 90th birthday.
It Feels Like Google Is Downplaying Smart Glasses With a Screen in Them
Probably for the best if it's trying to avoid comparisons to Google Glass.
Xreal's Project Aura smartglasses are a maximalist take on Android XR
At Google I/O 2026, we took a closer look at Xreal's Project Aura, one of the first Android XR smart glasses.
Google, Samsung Offer First Look at Android XR Smart Glasses. Here's What You Get, and What's Missing
In partnership with Warby Parker and Gentle Monster, Samsung will launch Google-based 'audio glasses' this fall. At I/O, XReal also offered a first public look at its Aura glasses.
Omni, Pics, and a Big Search Overhaul: Everything You Missed at Google I/O 2026
Google's Tuesday I/O keynote was jam-packed with news about AI, AI, and more AI, from agentic AI in search and Gemini enhancements to details about the Google-Samsung smart glasses.
Students win statewide Frederick Douglass debate tournament
Slippery Rock University is championing multicultural education through competition. Four SRU students earned first place in the statewide Frederick Douglass Institute Collaborative conference and debate…
Google and Samsung launch AI-powered Intelligent Eyewear
Google and Samsung have entered the smart glasses market with Intelligent Eyewear, made with Gentle Monster and Warby Parker.
Allison Melganton of Penske Entertainment and Indiana Sports Corp. through the years
Allison Melganton of Penske Entertainment and Indiana Sports Corp. through the years
Allison Melganton of Penske Entertainment and Indiana Sports Corp. through the years
Allison Melganton of Penske Entertainment and Indiana Sports Corp. through the years
Start of Elland Road redevelopment 'unbelievably exciting'
No sooner had the empty beer bottles and wine glasses been swept up by the catering staff after ushering the corporate ticket holders from the Norman Hunter, Lucas Radebe and Billy Bremner Suites after heartily celebrating Dominic Calvert-Lewin's late winner against Brighton on Sunday, work began on Elland Road's John Charles Stand. It served as a reminder that Leeds are already a competitive force in a Premier League in which they are assured of another campaign. Vital to the project is the provision of either a light rail or tram from Leeds city centre with a stop at Elland Road and then on to the White Rose area.
Google announces glasses are back and search is getting an AI makeover
At annual I/O conference, company debuts a product for everyday consumers to create autonomous AI agents
Google and Xreal's 'Project Aura' XR Smart Glasses Are Legit
The spatial computing experience isn't as immersive as an XR headset, but maybe it doesn't need to be.
Alleged unsafe conditions | Lancaster County woman suing Hershey Entertainment and Resorts
A Lancaster County woman is suing Hershey Entertainment and Resorts, claiming she was injured when a glass panel fell on her during a Hershey Bears game.
One of America’s oldest beer brands discontinued after 177 years in US
Schlitz Premium, the Milwaukee-born lager that once dominated the U.S. brewing industry, is being discontinued after more than 175 years.
Google's First AI Smart Glasses Launching This Fall With iPhone Support
Google today said that its first "intelligent eyewear" product is set to launch this fall. It is teaming up with Samsung and eyewear manufacturers Gentle Monster and Warby Parker to launch new AI audio glasses. The glasses will run Android XR, which is Google's platform for smart glasses and AR/VR headsets. There are cameras, speakers, and microphones in the glasses, but there is no display in the lenses.
Google to release smart glasses and add AI ‘agents’ to search engine
CEO Sundar Pichai says features powered by new Gemini model will close gap with Anthropic and OpenAI
Everything Announced at Google I/O 2026: Gemini, Search, Smart Glasses
Google is sprucing up its Gemini models, revamping search, and enabling AI agents in everything. There are also some spiffy new smart glasses coming this fall.
Google and Samsung’s Android XR glasses will have multiple ‘disruptive’ and ‘timeless’ styles
Google and Samsung have officially teased their first pair of Android XR glasses, with the first batch of styles launch in Fall 2026.
Google takes a page out of Meta's book, announces new audio-powered smart glasses
Google is back in the glasses game with "audio glasses" out this fall.
Google, Samsung unveil Android XR smart glasses at Google I/O 2026
Billed as "intelligent eyewear," the upcoming smart glasses are expected to arrive later this year.
XREAL’s Android XR glasses will launch before the end of 2026, early access for devs
Alongside other Android XR announcements at Google I/O 2026, XREAL has confirmed that its Project Aura glasses will be launching...
First AR Glasses Running Android XR Confirmed for 2026 Launch
XREAL today confirmed it’s launching Project Aura sometime this year, making them the first pair of AR glasses running Google’s Android XR operating system. Xreal and Google showcased Project Aura at Google I/O today, further confirming the wired AR glasses are set to launch globally in 2026. On stage, Project Aura was shown off running […]
Google and Samsung Reveal Designs of Upcoming Smart Glasses
The companies are collaborating with eyewear makers Warby Parker and Gentle Monster
First Batch of Android XR Smart Glasses Launch This Fall
Exactly one year ago today, Google announced that it was building Android XR smart glasses with the help of Samsung, in partnership with brands Warby Parker and Gentle Monster. The same thing is...
A first (and second) look at the Android XR glasses launching this year
Three!! Android XR!!! glasses!!! this year!!!
John Travolta Explains His New Look at the Cannes Film Festival: ‘I’m Going to Play the Part’
John Travolta was in costume at the Cannes Film Festival. The Hollywood icon, 72, raised eyebrows wearing round glasses and a series of jaunty berets while in France to promote his directorial debut, ...
The art of science on display at Analog Wine Bar
The Carl R. Woese Institute for Genomic Biology’s Art of Science program has a new show up at Analog Wine Bar, and it’s one of those quiet, sneaky-smart exhibits that rewards a second glass and ...
From ‘ghost sharks’ to ‘death ball’ sponges: Scientists find more than 1,100 wild and unusual ocean species
The Ocean Census project says scientists have discovered 1,121 previously unknown species in a single year. The rush is on to save them as risks to the world’s oceans multiply
I wear Meta Glasses so I don't have to think — You won't either with this smart deal
I was skeptical at first, now these glasses turned into my everyday personal assistant.
This Week In Main Street Technology: Meta’s New AI Glasses, Google Introduces The Googlebook And Claude Has A Small Business Offering
Meta Ray-Bans, Google's Googlebook, Claude For Small Business and other news impacting your small business this week.
Why Teams Don’t Just Lose—They Change
Today’s guest column is from professors John Cairney and Rick Burton. With spring here, we thought we’d look at what sports leaders can learn from fishing—or more accurately, from a particular fish, a glass wall and what happens when the environment thwarts an organization’s best attempts to reach a goal To borrow from behavioral science, …
Meta’s Ray-Ban Display gets typing through air gestures in latest update
Perhaps more important still, Meta is opening up the device to third-party app development. The Ray-Ban Display – Meta’s flagship smart wearable glasses –...
Meta braces for Android XR, opens Ray-Ban Display glasses to third-party apps
Meta is opening the door to third-party apps on Ray-Ban Display glasses as the debut of Android XR is right around the corner.
The ROG Xreal R1 AR Gaming Glasses Are Now Available To Pre-Order For $849
They offer a 240Hz refresh rate and a bundled connectivity dock.
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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