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Top five things to watch at Texans OTA practices
So, what do Houston Texans fans need to see by the end of OTAs later next month to feel confident in their roster heading into the 2026 season?
Swedish prospect forced to pause UFC career due to ‘serious health problems’
Get well soon, “Bane.” Rising Ultimate Fighting Championship (UFC) Welterweight prospect Andreas Gustafsson has reportedly been forced to step away from competition because of serious health complications, leading to his scheduled fight against Daniil Donchenko at UFC Baku next month (Sat., June 27, 2026) being scrapped. According to Swedish outlet Frontkick.com, Gustafsson is currently dealing […]
Yost reflects on 25 years in Ohio politics and race for governor that 'wasn't meant to be'
Attorney General Dave Yost is in his final two weeks in office, after resigning earlier this month to work for the conservative Christian Alliance Defending Freedom.
Yost reflects on 25 years in Ohio politics and race for governor that 'wasn't meant to be'
Attorney General Dave Yost is in his final two weeks in office, after resigning earlier this month to work for the conservative Christian Alliance Defending Freedom.
Donald Trump Returns to Hospital for Third Time in 13 Months as Health Concerns Grow
RadarOnline.com reports that President Donald Trump is scheduled to visit the Walter Reed Medical Centre in Maryland on Tuesday for a routine medical and dental checkup. This marks the president’s thi...
Austin teen released from ICE detention
The 18-year-old was arrested by U.S. Immigration and Customs (ICE) following a traffic stop earlier this month.
Stafford Township Arts Center (STAC) Announces New "Saturdays in Stafford" Fall Entertainment Series
Oct 3, 2026 at Stafford Twp Arts Ctr, 1000 McKinley Ave: Saturdays in Stafford with Colin Quinn, Mike Marino & tribute bands. Tickets 6/1 – 609-489-8600
Trump to get "routine annual" medical exam 7 months after last visit to Walter Reed
White House boasts Trump's "excellent health" as questions loom over the medical reality of the oldest inaugurated president.
Westside indoor golf business expanding; set to open by late June
A westside indoor golf business is expanding six months since its opening due to “overwhelming local demand.”
Trump Set to Visit Walter Reed Hospital for Third Health Checkup in 13 Months
President Donald Trump will see his doctors at Walter Reed National Military Medical Center on Tuesday, May 26, for his third scheduled health checkup in just over a year.
Oilers Sign Finnish Forward Aku Raty
Fresh off a dominant point-per-game season in Finland, the former Coyotes draft pick returns to North America on a two-way deal to bolster Edmonton's offensive depth.
Little Big Business Marketplace spotlights ambitious student-led businesses
May is Small Business Month, but today we’re highlighting some of our area’s youngest entrepreneurs who are thinking big! The Little Big Business Marketplace is almost here to showcase …
Former head nurse turns business owner after moving to America
One long time restaurant manager finally got a chance to own her own restaurant. Yaqui Dai, who owns Gotcha Smokehouse Bar-B-Que said it’s been difficult, but her dreams have been fulfilled.
Samsung’s latest Galaxy update changes how dark mode looks, but not for everyone
One UI 8.5 is rolling out after months in beta, but some have noticed in the past few days that...
Where to watch Carolina Hurricanes vs. Montreal Canadiens Game 3 NHL playoffs: Live stream, start time, TV channel for Monday, May 25
The Canadiens and Hurricanes meet in Game 3 of the Eastern Conference finals.
Whole health approach cuts chronic pain disruption in veterans after 12 months
A new study finds that an interdisciplinary, individualized approach to pain management, including coaching support and health goal planning, may reduce the impact of chronic pain on veterans. The findings ...
Top Doctor Sounds Alarm Over Serious Health Concern for Trump, 79
President Donald Trump is set to visit the hospital for the third time in 13 months.
Franklin Primary Health Center offering free men’s health check-ups
June is Men’s Health month. Join us for our free men’s health checkup Thursday, June 4th at the Franklin Primary Health Center Medical Mall, and Friday, June 5th at the FOX10 Studio.
Rooftop solar: Good for the community and for business
Not all rooftop solar panels arrive with fanfare and ribbon-cutting. Earlier this month, passersby tipped the RoundTable to a solar story quietly
From the Cotton Gin to ChatGPT: America’s Innovation Story Starts at the Founding - Small Business & Entrepreneurship Council
National Inventors Month is a reminder that the principles established in the early republic helped transform invention into enterprise and opportunity. By Karen Kerrigan – National Inventors Month is a fitting time to reflect on the role innovation has played in the story of America. From the very beginning, the United States did not treat […]
Assessing Melco Resorts & Entertainment (NasdaqGS:MLCO) Valuation After Recent Share Price Weakness
Melco Resorts & Entertainment (MLCO) has been drawing attention after a period of weaker share performance, with the stock down over the past month and past 3 months. This has prompted closer scrutiny of its current valuation. See our latest analysis for Melco Resorts & Entertainment. At a latest share price of $5.38, Melco Resorts & Entertainment has seen its 7 day share price return fall 2.71% and its year to date share price return decline 28.36%, while the 5 year total shareholder return...
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
Trump faces health questions ahead of another Walter Reed trip
President Donald Trump on Tuesday is expected to undergo his third scheduled medical checkup in 13 months, as outside physicians say they have persistent questions about the nearly 80-year-old preside...
Trump faces health questions ahead of another Walter Reed trip
The president trumpets claims that he is in excellent health, but independent physicians say the White House hasn't answered key questions ahead of his third visit in 13 months.
'Excellent finish' and 'Carrick has worked miracles'
Michael: At last we are seeing the true United after years of dross. Twelve months on from the horrible Europa final between Tottenham and United, and it's United who have shown progress this year, and we've been rewarded for it. Anthony: Carrick has inculcated in the squad a level of expectation which has translated into consistency of performance and expectation so refreshing to see.
Messi suffers injury scare before World Cup
Argentina star Lionel Messi is substituted with an apparent thigh problem before next month's World Cup.
Celebrating 30 years of National Safety Month
The National Safety Council designated June as National Safety Month in 1996 and began distributing free safety resources.
Samsung TV Plus to Stream Monthly SM Entertainment K-Pop Concerts
Samsung TV Plus is expanding its collaboration with SM Entertainment to bring monthly K-Pop concert broadcasts to Samsung TVs and compatible devices
Breaking down schizophrenia stigma during Mental Health Awareness Month
As Mental Health Awareness Month enters its final week, one woman is using her experience with schizophrenia to help others and challenge common misconceptions about the illness.
Decatur Street businesses host block party amid construction challenges
The construction began nearly nine months ago, and business owners say it has significantly affected sales.
Conte to leave Napoli a year after winning Serie A
Napoli manager Antonio Conte announces he will leave the Italian club this summer, 12 months after winning Serie A.
Hurricanes, Canadiens take 1-1 series to Canada for Monday's Game 3
Game 2 saw a Carolina returning to its previous playoff form after falling in Game 1 to Montreal.
New iOS 27 Rumors Include Revamped AirPods Settings Menu and More
Apple is set to unveil iOS 27 next month ahead of a September release. The update is expected to include a dedicated Siri app, expanded Apple Intelligence capabilities in apps like Wallet, Safari, and Shortcuts, an upgraded keyboard with improved autocorrect, the ability to use Apple Maps via satellite connection, and more. In his Power On newsletter today, Bloomberg's Mark Gurman revealed four additional iOS 27 changes related to AirPods, Genmoji, AirPlay, and Siri.
‘Grantchester’ final season to Williamsburg Regional Library
WILLIAMSBURG — Fans of British television and PBS Masterpiece will have a chance to see the premiere episode of the final season of Grantchester ahead of its broadcast during a free community screening next month. WHRO Public Media is hosting a screening premiere event Tuesday, June 2, at the Williamsburg Regional Library with two viewing […]
Sundar Pichai says booing graduates will live with AI's consequences
As commencement speakers face restless crowds of new graduates, Google CEO Sundar Pichai says he's ready for his turn at Stanford next month.
Run Your Whole Business From One Tab With Claude's New Update
Claude's new update runs payroll, month-end and campaigns inside QuickBooks, PayPal and HubSpot. Is Anthropic going after Zapier? Here's a look.
Filtered water at specific ages could add months to your lifespan decades later, new study finds
A new study finds that exposure to water filtration systems early in life can extend a person's lifespan by an average of 3.2 months, researchers say.
Mental Health Awareness Month helping to dispel stigmas
Expanding access to mental health care
Enabling more access to mental health care resources
Mental health and well-being as important as physical health
Pennington expert talks about the impact of sleep on mental health
An expert with the Pennington Biomedical Research Center is talking about the importance of sleep during Mental Health Awareness Month.
Analysis: Ballot issue overshadows Maryland primary
A month out from Maryland's primary election, state officials are trying correct a mail-in ballot error.
Illinois lawmakers consider grants or loans for Chicago businesses devastated by Operation Midway Blitz
Six months after Operation Midway Blitz, lawmakers are considering if and how to support businesses who struggled financially due to the federal government’s incursion into Chicago.
Vote for Girls Athlete of the Week for May 18-22 presented by the Vance Law Firm
Cast your vote for the Montgomery Advertiser's Girls Athlete of the Week for April May 18-22 presented by the Vance Law Firm.
Neglect as mental health care is more than a moral failure
Stories of people with Serious Mental Illness left untreated in county jails for months, waiting for a psychiatric bed are well known across KY.
White House shooting marks another incident in a string of political violence
The shooting comes less than a month after authorities say a man attempted to assassinate the president at the White House Correspondents’ Association Dinner.
Nikolaj Ehlers saves Carolina, beats Montreal 3-2 in Overtime
The Canes finally win an Eastern Conference Final game at home, series is tied 1-1.
Vikings Look Underrated
It’s not particularly unusual when the national media overlooks the Minnesota Vikings over the spring and summer months. It happens more often than not. After all, the Vikings are not among the largest media market teams and they haven’t been league darlings either, like the Packers often have been or the Lions in more recent […]
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...
Canadiens look at home on the road entering Game 2 against Hurricanes
Montreal is 7-2 on the road in the postseason entering Saturday night's Game 2.
Where to watch Montreal Canadiens vs. Carolina Hurricanes Game 2 NHL playoffs: Live stream, start time, TV channel for Saturday, May 23
The Hurricanes and Canadiens square off in Game 2 of the Eastern Conference finals.
Calm after the chaos welcome at Forest
One the final day 12 months ago, they missed out on Champions League football before this year slipped into chaos with Nuno Espirito Santo sacked in September. Since then, with Ange Postecoglou, Sean Dyche and now Vitor Pereira, it has been a wild ride of battling relegation and challenging in Europe. Pereira was the man to eventually take them to safety - and the Europa League semi-finals - but there needs to be a season of calm and certainty at the City Ground next season.
Bridge Center for Hope highlights mental health services during awareness month
During Mental Health Awareness Month, members of the public are being reminded about the critical services provided by the Bridge Center for Hope.
More than 500 children killed in measles outbreak in Bangladesh
Most cases recorded by doctors among children aged between six months and five years.
F1 Canadian GP LIVE: Sprint, Qualifying updates, results, stream, highlights, video from Montreal race weekend
Follow live updates and watch the best video from Saturday at the Canadian Grand Prix Sprint weekend with the Sprint itself and Qualifying. Watch live on Sky Sports F1
Vermont high school sports scores, results, stats for Saturday, May 23
Vermont high school sports scores and results as reported to the Burlington Free Press sports department.
England announced World Cup squad with Beatles-inspired video
It’s not just NFL teams that have something to strive for on social media this month. With the World Cup just a few weeks away, national teams are releasing their squads for the tournament with similarly dramatic announcements. Norway literally got their king to announce the squad. Brazil did it the old-fashioned way by announcing…
Intel's Latest Round Of Open-Source Projects Ended: OBS Studio Plugin, CVE Binary Tool & More
With Intel having been one of the most dominant open-source contributors for years across the software ecosystem, months after they began sunsetting various software projects no longer aligned with today's Intel, they continue formally sunsetting/archiving different open-source projects.
New business offers guided horseback rides across 1 of Lehigh Valley’s highest plateaus
The business, which opened this month, draws on more than 80 years of combined equine experience among its staff.
New business offers guided horseback rides across 1 of Lehigh Valley’s highest plateaus
The business, which opened this month, draws on more than 80 years of combined equine experience among its staff.
Dear Abby | Delightful friend's 'wonderful' pup is no longer welcome
Dear Abby: A friend of mine calls first or pops by every few months. She's generous and brings homemade treats, something she has found at the grocer's or flowers from
Maternal Mental Health Month: What to know
Northwestern Medicine Associate Professor of OBGYN Dr. Janelle Bolden joined ABC7 to discuss on Saturday morning.
A Look At Madison Square Garden Entertainment (MSGE) Valuation After Penn Station Decision And Theater Sale Plans
Madison Square Garden Entertainment (MSGE) drew fresh investor attention after confirmation that the Penn Station redevelopment will keep the existing arena in place, while a potential theater sale and federal infrastructure funding reshaped the stock’s value story. See our latest analysis for Madison Square Garden Entertainment. At a latest share price of $69.64, MSGE has seen a 12.92% 1 month share price return and a 9.31% 3 month share price return, while its 1 year total shareholder...
Evaluating Tencent Music Entertainment Group (TME) After Recent Share Price Weakness And Undervaluation Claims
Recent performance snapshot Tencent Music Entertainment Group (TME) has drawn fresh attention after a sharp pullback, with the stock down about 8% over the past month and about 42% over the past 3 months. That weakness sits against a backdrop of reported annual revenue of CN¥33,441.0 million and net income of CN¥8,856.0 million, alongside year on year growth rates in both revenue and net income. See our latest analysis for Tencent Music Entertainment Group. At a share price of $8.81, Tencent...
A mistaken commutation and an over-the-top reaction
It seemed an itch that Gov. Jared Polis just had to scratch. After months of hints and speculation, Polis put his signature on a commutation of the prison sentence of Colorado’s election-denying queen, former Mesa County Clerk Tina Peters. True, Peters’s break was one of 44 commutations and pardons announced en masse by Polis late […]
Scholarship concert to feature jazz duo
Rick Montalbano and Julie Falatico-Montalbano will perform May 30 in Rome as part of the Herbert Geller Memorial Scholarship Concert Series.
Bond breakout? Big effects of bad data. Immigration and thermostatic politics & dad-chat is coming for dad-books.
Thank you for opening your Chartbook email. Anna Airy, A Shell Forge at a National Projectile Factory, Hackney Marshes, London, 1918 Bond breakout - John Authers Across the developed markets, bond markets are staging a slow-motion car wreck. Looking at the drastic moves in the US, Japan, the UK and France, Barclays’ Ajay Rajadhyaksha commented: “Last week, long bonds broke. Not in one country. In all of them. Simultaneously. Four countries. Four different political systems. Four different central banks. But the same trade — “get me out of duration!”” Each country has its own contributing political problems, but the uniformity of the shift out of long-term bonds with high duration makes clear that something broader is afoot. For Rajadhyaksha, it is “simple and uncomfortable.” The developed world “has too much debt, too little fiscal discipline, and no political appetite for fixing either.” If there’s a trigger, it has been the Iran war and the resulting shock to oil supply. Source: Bloomberg G7 countries are now borrowing at rates that were enjoyed by EM in the early 2020s For contributing subscribers only. Subscribe Trade between China and Russia has grown in recent years For contributing subscribers only. Subscribe Big effects of bad data A decade ago nearly nine in ten Americans, when approached, agreed to fill out the Current Population Survey, which is administered to about 60,000 households each month and asks about, among other things, employment. Fewer than seven in ten do so now (see chart 1). For the Consumer Expenditure Survey, which tries to capture 3,700 households monthly, the response rate is down from 68% to 40%. … When the information becomes less reliable, investment decisions get more difficult to make. Some may be delayed, creating a potential drag on the economy. A new working paper by Nicholas Bloom of Stanford University, Erica Groshen, former head of the Bureau of Labour Statistics (BLS) now at Cornell University, and Duncan Hobbs and Michael Strain of the American Enterprise Institute, a think-tank, hazards an estimate. Preserving trust in “the integrity and quality of official statistics”, the authors claim, generates economic benefits of about $25 for every $1 spent on the BLS, the agency with an annual budget of $700m that is responsible for many of these data. To arrive at their conclusion the quartet analysed an ignoble episode in the BLS’s recent history. On August 1st 2025 Donald Trump sacked Erika McEntarfer, appointed as the agency’s commissioner by his predecessor, Joe Biden. The president alleged, without evidence, that the BLS’s steep downward revision to recent jobs numbers had been “RIGGED in order to make the Republicans, and ME, look bad”. In fact, it was the wanton dismissal that looked bad in the eyes of many observers. In the following seven days there was a 50% leap, relative to the week before, in the average value of the index of Economic Policy Uncertainty (EPU), which tracks the number of articles mentioning such uncertainty that are published daily in American newspapers. This was a discernible jump even when compared to the chaos caused by Mr Trump’s trade war in April 2025 and his real one in Iran in the past two months (see chart 2). Based on Mr Bloom’s earlier study with other colleagues of the EPU’s impact on business investment, industrial production and employment, the authors estimate that the jump reduced American GDP by over $100bn (0.3%) and non-farm payrolls by 168,000 (0.1%). Source: The Economist Immigration and thermostatic politics (Sarah O’Connor in the FT) A strange thing happened a year and a half ago. No sooner had Americans elected Donald Trump as president on an explicitly anti-immigration platform than US public opinion began to swing much more favourably towards immigration. … to political scientists who study “thermostatic” politics, this development is no surprise at all. Public opinion often moves against the prevailing party, especially if they are perceived to have gone “too far” in one direction. The phenomenon was first explored in the 1990s with reference to fiscal policy, but in recent years it has been particularly evident in the realm of immigration policy. While these swings in opinion polls can make it seem as if people don’t know their own minds, they can be a useful democratic check on governments by sending bright flashing warning lights when policies stray too far from the public’s comfort zone. The problem comes when politicians misinterpret those signals. When people tell pollsters they want less immigration, or think it is bad for the country overall (or the converse), they are often expressing an opinion about how things appear to be going in that moment relative to their preferences, rather than a deep shift in their underlying views. According to Alexander Kustov, a political scientist, most Americans’ views are quite stable and moderate: they support immigration that is controlled and in the national interest, and oppose flows that are disorderly or under-enforced. In the US, he argues the Trump administration over-interpreted dissatisfaction with high immigration under Joe Biden, and implemented policies that went too far for many voters. “People don’t necessarily change their idea about their ideal immigration policy, but they can react to what the government is currently doing,” he told me. “A lot of people are not happy with what the Trump administration are doing — right now we’re not talking about border enforcement, we’re talking about people not just getting harassed, but killed.” But similarly, he added, pro-immigration advocates would be making a mistake to interpret the recent, more favourable swing towards immigration as a deep-seated ideological shift in attitudes. The recent history of UK immigration policy offers another cautionary tale. After the 2016 Brexit referendum, public concern about immigration fell. This was partly because net migration statistics declined, but also because people felt a sense of catharsis and control, says Sunder Katwala, director of British Future, a think-tank. By 2019, the public ranked immigration as only the ninth biggest issue of concern, according to Ipsos polling. But when the Conservative government liberalised visa routes for students and care workers between 2019 and 2022, that helped net migration to surge. And so, too, did public concern. Today’s Labour government has implemented another sharply restrictive turn in immigration policy. As Kustov and researcher Caitlyn Yates argue, thermostatic public opinion should be a useful check on politicians. Instead it seems to have helped to magnify the pendulum swing in the UK. The government over-interprets and overreacts to a change in public opinion, which reacts in turn, prompting a sudden swing the other way. Source: Financial Times HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Anna Airy, Shop for Machining 15-Inch Shells: Singer Manufacturing Company, Clydebank, Glasgow, 1918 Racing for a vaccine … we have been here before! The deadly Ebola outbreak in two African countries driven by a virus species with no vaccine has triggered an urgent search for a potential jab, in a test of troubled global efforts to avert threats posed by emerging diseases. A World Health Organization advisory group is due to would meet on Tuesday to recommend candidate jabs to prioritise for clinical trials, the global health body said. It will assess data including an analysis by the Coalition for Epidemic Preparedness Innovations (Cepi), which was set up after failures in the international response to a previous Ebola crisis. The latest Ebola outbreak in Democratic Republic of Congo and Uganda has infected hundreds of people and killed more than 80, health authorities say. Cepi’s reaction will be a crucial indicator of its progress towards its wider goal of producing vaccines for pandemic threats in just 100 days, despite steep cuts to international health funding. “If there was ever a time that we could show the world why Cepi is needed and show the world why the 100-day mission is needed, it’s now,” Nicole Lurie, the organisation’s executive director for preparedness and response, told the FT. “We’re happy to accept that responsibility, but obviously we need help from partners — particularly financial help in the long run.” DR Congo and Uganda would make the final decision on whether to press ahead with any vaccine candidates endorsed for clinical trials by the WHO experts, the global health body said. “Other ethical and community acceptability issues will be considered,” said the WHO, which declared the latest outbreak a public health emergency of international concern on Sunday. “This will be important to make sure that the trial, if it happens, will be adequately communicated to the population.” Lurie said Cepi had provided information from a survey of research teams and companies working on drugs that might be effective against the Bundibugyo virus behind the outbreak. The organisation hoped soon to announce partners in the quest for a jab, she added, although she declined to give a timescale for when one might be developed. Cepi’s Nicole Laurie said global health bodies were ‘getting some live-fire drills’ with hantavirus and the latest Ebola outbreak. The hunt for a vaccine should be helped by scientific advances including the use of artificial intelligence to find drugs active against viruses, Lurie said. Existing jabs against the Zaire Ebola virus responsible for many previous outbreaks might provide a basis for tackling the Bundibugyo species, she added. “We’ll see how far and how fast we can get,” Lurie said, adding that Cepi had done preliminary work recently on a possible jab for the rat-borne hantavirus responsible for a recent fatal outbreak on a cruise ship. “Both with hantavirus and now with Ebola, [we] are getting some live-fire drills.” Source: Michael Peel in the Financial Times Dad-chat is coming for dad-books. (By Pamela Paul and Jeffrey A. Trachtenberg in the WSJ) They were the go-to gifts for Father’s Day: a book about some little-known chapter of World War II, the sweeping narrative of a shipwreck, perhaps the latest presidential biography. These days, dad books are a dying breed. Nonfiction book sales have been in decline for the past four years, and are now the most challenged segment of the print book market. Publishers say certain types of books still fare well—including celebrity memoirs and religious titles. But in recent years, print sales in such categories as biography, current affairs and business and economics—what publishers refer to as “serious nonfiction” and which tend to resonate especially with men—have fallen considerably. Sales of nonfiction print titles were down nearly 8% through May 9 this year, and sales of books about politics and current affairs were down 19%, according to book tracker Circana BookScan. Publishing has long been subject to cyclical changes, with trends in format and genre taking over bookshelves in grand sweeps. (Remember the adult coloring-book craze? Or the stratospheric rise of romantasy?) But many in publishing believe the decline in serious nonfiction is more existential. “The trend couldn’t be clearer,” said Jonathan Karp, the former chief executive of Simon & Schuster and publisher of the new Simon Six imprint. “This is a sea change and people should wake up and realize we’re living in a new world.” One culprit for the shift: a new media diet for fans of more serious nonfiction. … Sixty-two percent of men and 54% of women consumed a podcast in the prior month, according to a recent survey by Edison Research at SSRS, up from 46% and 39%, respectively, in 2023. “When we have internal meetings to talk about this problem, it always comes around to podcasts,” said Jonathan Burnham, president and publisher of the Harper Group at HarperCollins Publishers. “The man who wants to read American history is now tuning into one of the many good podcasts about history that lends the quiet attention to a serious subject he’s looking for. It makes the idea of sitting down with a 700-page Ron Chernow book less appealing. You’ve scratched that itch.” Source: Wall Street Journal Remarkable report by Novara from the nationalist rally in London in mid May. Anna Airy, Leopard Moth and Plums, 1915 If you’ve scrolled this far, you know you want to click: Subscribe
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