Dorchester County voters have approved a new one-cent education sales tax that will help fund school construction, renovations and other improvements in Dorchester School Districts Two and Four.

With 100% of precincts reporting Tuesday night, unofficial election results showed 31,643 voters, or 59.96%, supported the referendum, while 21,128 voters, or 40.04%, voted against it. The tax is expected to take effect April 1, 2027, and will remain in place for up to 15 years.

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(WCIV) Dorchester County voters approve one-cent education sales tax https://t.co/L8ksJ4XiDY 59.96% supported the referendum, while 21,128 voters, or 40.04%, voted against it #southcarolina #midtermelections #lowcountrylife #taxes #politics #midterms2026

— Kendall Harmon (@KendallHarmon6) November 4, 2026

The Iran war has triggered the largest energy crisis in history, or so the conventional wisdom says. Epochal stuff — but only half-true, because oil is only half the story.

Thanks to the shale revolution and an enviable geological endowment, US and Canadian natural gas consumers are dodging the economic fallout of the Iran conflict. For America, long worried about its reliance on foreign fossil fuels, it’s an embarrassment of riches.

While European and Asian consumers are now paying north of $30 per million British thermal unit for their gas, US buyers pay around $3 per mBtu. Last week, US gas prices briefly touched a two-year low of $2.5 per mBut — in the middle of an energy crisis. Canadian costs are even lower, at about $1.5 per mBtu.

The price difference between gas in Europe and Asia versus North America, reaching now a ratio of 12 times, has never been wider; not during the 2022 gas shock following the Russian invasion of Ukraine, nor in 2011-2012 after the Fukushima nuclear accident, which forced Japan into gas to keep the lights on.

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@iribnews_irib It’s never been this profitable to export US natural gas. America is making a fortune in the energy crisis. https://t.co/0LLrPkUHno

— Sister Rosetta (@rosetta_sister) November 2, 2026

In September, OpenAI announced that its new artificial intelligence technology needed less than a week to solve the Navier-Stokes problem, a mathematical puzzle that bedeviled the world’s smartest humans for decades. In the weeks that followed, the company released a deluge of additional findings that stunned leading mathematicians and raised new questions about the future of an academic field that has long been viewed as the pinnacle of human achievement.

But the implications of A.I.’s newfound mathematical skills extend well beyond academic research. Using similar techniques, Silicon Valley is now building A.I. systems that aim to eliminate the dangerous flaws, or “bugs,” in the world’s computer software. Just as an A.I. system can prove a math problem, it can prove that a software application is bug-free — at least in theory.

This sweeping effort to guarantee the integrity of computer software, which scientists call “software verification,” is vitally important as the internet faces its biggest cybersecurity threat in decades. Now that the leading A.I. systems can hack into computer software, by identifying and exploiting its flaws with stunning speed, the world needs a new breed of A.I. that can remove these flaws.

&Truth, a new start-up based in Palo Alto, Calif., is among the many companies working to build this kind of technology. Much like the Silicon Valley start-ups Axiom and Logical Intelligence and leading A.I. labs like Anthropic and OpenAI, &Truth hopes to verify the world’s software using a specialized computer programming language called Lean, the same tool that allows A.I. technologies to solve million-dollar math problems.

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“Using the same techniques that allowed A.I. technologies to crack a million-dollar math problem, researchers are building new systems that aim to solve the world’s cybersecurity crisis.” https://t.co/dpHfCT2BOL

— Christina Ayiotis, Esq., CRM, CIPP/E, AIGP (@christinayiotis) October 30, 2026

American spy agencies had gathered striking intelligence.

A top executive at a Singapore-based data center company was under scrutiny for possibly steering advanced Nvidia A.I. chips to China. And now American officials had concluded that she was a Chinese intelligence asset, funneling information to Beijing.

But what came next was even more alarming. Surveillance of the executive, Alice Huang or Huang Le, a Chinese citizen, revealed that she had developed a close relationship with Jensen Huang, Nvidia’s chief executive.

For years, Washington has worked to deny China the technology needed to match or surpass the United States in the intense global competition for superiority in artificial intelligence. The discovery that Beijing was getting reports from someone with direct access to Mr. Huang, one of the most powerful figures in the A.I. revolution as well as an influential ally of President Trump’s, set off alarms at the White House.

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Wow.https://t.co/ovzrTKn4CR https://t.co/VlJTst2k4X

— Ryan Mac 🙃 (@RMac18) October 29, 2026

When Anthropic goes public as soon as next month, its initial offering will be more than just a coming-out party for the artificial intelligence company. It will also be a litmus test for the economy, with trillions of dollars at stake.

Anthropic, which makes the Claude chatbot, is a tent pole of the A.I. industry. Valued in the private markets at nearly $1 trillion and backed by more than $130 billion in funding, it could raise $100 billion in its offering and promptly become one of the world’s biggest public companies. But the stakes are even higher than that.

Anthropic and OpenAI, its chief rival, sit atop a pyramid of business partners and suppliers — infrastructure providers, chipmakers, energy companies and A.I. start-ups — that have all spent heavily over the past four years because they believe demand for A.I. products will keep growing.

Anthropic’s listing will provide the first in-depth look at the health of a key business underlying the A.I. boom — and will be a test of its durability. Is there unending appetite for A.I. services to justify the spending on chips, data centers and other infrastructure? Or will Anthropic’s performance show that there are limits?

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What’s Riding on Anthropic’s Market Debut? Nearly Everything.https://t.co/8kyw2Ujt0M

— Darius Radzius (@DariusRadzius) October 26, 2026

The Church of England’s Deputy Lead Bishop for Housing has spoken of the ‘ambition and determination’ needed to break the cycle of homelessness as she attended a special summit on tackling rough sleeping.

The Bishop of Hull, Eleanor Sanderson, joined the Chief Executive of Church Urban Fund, the Rt Rev Rob Wickham, (pictured with Bishop Eleanor, above) and other faith representatives at the Rough Sleeping Summit hosted in Downing Street.

The event brought together businesses, charities, civil society organisations and local leaders, to commit to local and national action to end rough sleeping through the provision of homes, jobs and practical support. 

Ending rough sleeping was the Prime Minister’s first pledge when he entered Downing Street, and he announced a further £432 million yesterday to be set out in the Budget later this week, towards this goal.

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“This ministry fosters hope, dignity and a sense of belonging for everyone in our communities.”The Bishop of Hull joined the Chief Executive of Church Urban Fund, the Rt Rev Rob Wickham, at the Rough Sleeping Summit hosted in Downing Street.📰 https://t.co/GxBdeVapv5. https://t.co/k7LUiBns29

— The Church of England (@churchofengland) October 27, 2026

On July 5 the Northwest Chinese Baptist Church in Phoenix opened its weekly Mandarin service with a verse from the Old Testament. A pianist, a guitarist and a drummer prepared to lead the 100 congregants in song. The deacon read out the preamble to the Declaration of Independence — “We hold these truths to be self-evident” — and then invited the congregation to rise and sing “The Battle Hymn of the Republic.” It was a good moment to exalt American ideals. The prior night, fireworks marked America’s 250th anniversary of independence.

The next speaker was a guest, Timothy Cheng, the chief executive of a Christian media company. Flicking through a slide presentation, he spoke about the significance of semiconductors, noting that chips made in Taiwan are the lifeblood of the American economy. He clicked to the next slide. The faces of Steve Jobs, Bill Gates, Elon Musk and Jensen Huang appeared on the screen.

“In earlier years, Western missionaries brought knowledge, education and English to the East,” Mr. Cheng said. “They brought the Gospels and Western medicine. Now that Taiwanese have become fortunate and strong, why should they not transfer knowledge to the United States to make it powerful?”…

The parents are more concerned. Not about food fights — though the idea perplexes them — but about the laxity of education. Arizona’s public schools rank among the lowest in the country for graduation rates and the third-lowest in spending per pupil.
Taiwanese families were enticed to the United States in substantial part by the promise of sending their children to American colleges. Now parents fret that the Arizona educational system won’t help their kids get there. They’re nonplussed that teachers sometimes wave off assigning homework to high school seniors; some schools allow seniors to take Friday afternoons off. The idea astonishes parents used to spending big sums on extracurricular prep.

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I went to Phoenix to spend time with the Taiwanese community. TSMC will invest $265 billion and send thousands of engineers and their families, which marvel at their new lives in the SunbeltMy first feature as a contributing writer to the New York Times: https://t.co/n73RydKBiD

— Dan Wang (@danwwang) October 23, 2026

Frequent AI use, defined as daily or weekly use, is not yet the norm across the U.S. workforce, though its adoption has increased sharply in the past three years. In the AJQS data collected January-March 2026, 28% of employees reported using AI at least weekly, while 54% said they had not used AI in their role. Differences in use reflect, in part, the nature of people’s jobs: Not all roles involve regular access to digital devices or have obvious opportunities for employees to use AI directly.

Roughly half of employees in the professional and business services, financial activities and information/media industries regularly use AI. Meanwhile, healthcare support, manufacturing production and retail sales employees have low levels of usage, with 70% to more than 80% never using AI in their role.

Regular AI use is more common among employees with higher levels of education and those in management positions. College graduates are more than twice as likely as those without a college degree to say they use AI on a daily or weekly basis (40% vs. 17%, respectively). In addition, 37% of managers versus 25% of individual contributors are regular AI users.

Younger workers, who have grown up with the latest technologies, are not among the most frequent users of AI at work (about one in five use it weekly or more). Yet among AI users, employees aged 18 to 24 are the most likely to say AI has led their employer to ask them to take on more responsibility, at 38%, compared with 31% or less in every other age group.

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🗞️ IN THE NEWS 🗞️ American employees who use #AI at work mostly report gains in speed and creativity, but new @Gallup research finds that the benefits are not evenly shared across the workforce. More details in this @Inc article: https://t.co/RwHotsFpGO #artificialintelligence

— Inc. Arabia (@inc_arabia) October 20, 2026

As the economy strains the U.S. public, pastors report increasing pressures and giving lagging behind inflation.

Lifeway Research’s annual tracking survey reveals most U.S. Protestant pastors (54%) report the economy is negatively impacting their congregation. Slightly more than a third (36%) say it’s having no impact, while 8% see a positive economic effect.

“Pastors hear the needs and problems of people in their congregations every week, so it is not surprising that they feel their pain from economic factors,” said Scott McConnell, executive director of Lifeway Research. “Even seemingly positive financial changes such as a member getting a promotion or more overtime could negatively impact a church if those people attend less.”

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Most U.S. Protestant pastors (54%) report the economy is negatively impacting their church. Slightly more than a third (36%) say it’s having no impact, while 8% see a positive economic effect. https://t.co/hsvFuUnhXW https://t.co/ZzjPpDZklk

— Lifeway Research (@LifewayResearch) October 22, 2026

Two spectres talk financial markets. One is the fear that surging bond yields will make the rich world’s shaky public finances unsustainable, triggering a nasty fiscal crisis. The other is the worry that the revenues from artificial intelligence needed to keep the data-centre boom going will fail to arrive. As we report, that would devastate credit markets and cause a big fall in stocks, too.

The good news is that only an Ichabod Crane would think that both these scenarios could strike at once. Instead, investors must decide which story is scarier. For now, The Economist is more worried about sovereign debt.

For most of the year, concerns about governments have dominated. Between the end of February and the start of October, the yield on 30-year US Treasuries rose by a full percentage point. The Iran war has sent inflation up and forced central banks to raise interest rates. Strong economic growth and the rush to build data centres have caused a scramble for capital in which governments have had to compete with the private sector. In Japan, Britain and especially France, investors have fretted about the ability of governments to service their debts.

In recent weeks, though, the prospect of an end to the AI boom has scared the markets more. The five-year bonds of CoreWeave, a “neocloud” that rents out data centres, trade at a 15% yield, up from 10% in July. The company’s share price has fallen by about a third in the past month. The slowing revenue growth of Anthropic, an AI-model provider, has investors worried that the cash CoreWeave and its peers need may not arrive, or at least not quickly enough to pay their creditors. Interlinked financing means that pain could spread quickly, through both the ai supply chain and the private-credit and insurance firms that hold a lot of data-centre debt.

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For most of the year, worries about governments’ sovereign debt have dominated. Yet in recent weeks the prospect of an end to the AI boom has scared the markets more. Only in a big crash akin to the global financial crisis of 2007-09 would the two collide https://t.co/80gVNhvOZ9

— The Economist (@TheEconomist) October 22, 2026

Last year, leaders of the evangelical publication Christianity Today summoned the entire staff to a hotel ballroom in the Chicago suburbs for a meeting about their future.

The publication’s chief operating officer, Nicole Massie Martin, opened her presentation with a Bible verse from the Old Testament about rejoicing even in dark times, “though the olive crop fails and the fields produce no food.” Then Thomas Addington, the interim president, delivered a blunt message: Christianity Today’s reputation as a staid voice of intellectual centrist evangelicalism — embodied by its proximity to Wheaton College in Illinois — had to change.

Christianity Today needed to be less like Wheaton and more like TikTok, Mr. Addington told his staff, according to several people who attended the meeting. Warning that layoffs were coming, he ended his presentation with a prayer. A senior editor left the room in tears.

Fourteen months later, more than half of the 79 employees at that time have either been laid off or resigned, including an editor in chief and four of the company’s longest-tenured journalists.

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Christianity Today has seen about half its staff quit or laid off in the last 14 mos. Former employees told me that new business leaders have intervened in editorial decisions & are effectively abandoning the outlet’s commitment to independent journalism. https://t.co/Q4Iy7v5mQB

— Ruth Graham (@publicroad) October 21, 2026

In Britain, students are being urged to walk out of lessons on November 20 as part of a strike across Europe. The Socialist Students group says it’s to protest against capitalism, climate chaos, the housing crisis, the “genocidal war against the Palestinians” and unemployment. This is what’s been termed “the omnicause”. And it’s being synchronised across western Europe.

In other words, we’re witnessing a much broader and deeper challenge than merely a crisis for France. It’s a war on the West being waged by groups with disparate agendas taking advantage of a civilisation in deep trouble. Those involved are leftists, anarchists, Islamists, assorted grievance artists and useful idiots imagining they’re marching for the “oppressed” of the earth — and with malevolent outside actors stirring the pot. Thus Vladimir Putin’s economic envoy, Kirill Dmitriev, said of the French riots: “Left-wing globalists are sowing migration-driven chaos.”

Fox News reported this month that of 50 groups involved in the month-long French “student” protests, only 15 were actually student groups. The other 35 were a transnational network that included labour unions, communist or socialist organisations and a Palestinian advocacy group.
These groups were advancing political agendas involving capitalism, “austerity”, policing, military spending and Israel. One far-left environmental group declared in the midst of the riots, “Glory to the rebellious high school students … for an antifascist uprising.”

These insurrectionists are seizing their moment in a society that’s become demoralised in every sense. It’s lost both knowledge of and respect for its own historic identity and culture. 

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Absolutely stunning essay by @DouglasKMurray about the crisis in France. It includes this quote. https://t.co/XBw5Xr5lTp https://t.co/rW0GFvDAvj

— Rod Dreher (@roddreher) October 20, 2026

Alexander Hermann, a researcher at Harvard’s Joint Center for Housing Studies, said median homes used to cost three times the median income or less in 75 of the nation’s largest 100 housing markets in 1990. Ask The Post AIDive deeper

Today, that’s true in only three out of 100 markets.

According to data provided to The Washington Post by the Harvard center, the average price-to-income ratio of homes shot up in the 2000s when interest rates were low. Amid today’s high rates, it hasn’t come down. It’s much harder to afford a house with a high interest rate when the house itself is far pricier.

“By price-to-income and other metrics, home buying was a lot more affordable, even if interest rates were high,” Hermann said, noting that even a low rate that makes the monthly payment manageable wouldn’t help prospective buyers who can’t afford the down payment on a house five times their income.

“The difference between now and the ’70s and ’80s … is that prices were definitely lower then, and the supply challenges were not the same,” Hermann said.

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Page One:“.. median homes used to cost three times the median income or less in 75 of the nation’s largest 100 housing markets in 1990.Today, that’s true in only three out of 100 markets.”@washingtonpost https://t.co/mXIUisNcXg

— Carl Quintanilla (@carlquintanilla) October 19, 2026

The benefits and risk cloak more central driving factors among AI titans: the will to power, the desire for wealth, the hunger to be in charge. The sheer technological sweetness, too—the hard problem followed by the elegant answer. Scientists involved in technological breakthroughs always have a sweet spot.

But about four years ago, when reports of AI’s advancement began to break through to people paying attention, there was no declared objective: “We’ll split the atom, win the war, put man on the moon.” There was no clear product or labor-saving device. AI simply promised to change everything. It would create intelligence itself, an artificial but superior version of human intelligence. Then we’d figure out what to do with it, and what it will do to us. It will transform the human condition. For better or worse? Let’s strap in and find out.

Our society, our country, never decided to “do” AI. History will be perplexed by this. Something so big, so epochal, and people had no say? There was no vote, no debate. Some people started to do it and raise capital, and we shrugged. “It’s the next step.” As Sam Altman said early on, electricity, computers, the internet—now this. Americans always take the next step.

The creators and owners of AI might be pressed to answer the question: Exactly what purpose were you pursuing, and how, with a sense of the downsides, did you expect us to like it?

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From @WSJopinion: History Raises Its Eyebrows at the Week in AI by @Peggynoonannyc https://t.co/diQJHPj1c5

— The Wall Street Journal (@WSJ) October 18, 2026

Top executives at Anthropic, OpenAI and other AI companies are privately gaming out scenarios for a public and political revolt after a catastrophic AI event. These officials anticipate a large-scale event, most likely a cyberattack, that shuts down access to financial services, internet connectivity, or even power and water.

The first example of significant real-world harm caused by unsafe AI would turn an already wary public further against the technology and its leaders, including Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman, as well as President Trump for his reluctance to regulate it.

While scenario planning is common within many companies and national security settings — the Pentagon has been running war games for decades — the difference is that many top AI researchers and executives believe a major incident is inevitable.

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⚠️ 🤖AI companies plot "the day after"Top executives at Anthropic, OpenAI and other AI companies are privately gaming out scenarios for a public and political revolt after a catastrophic AI event. Why it matters: These officials anticipate a large-scale event, most likely a cyberattack, that shuts down access to financial services, internet connectivity, or even power and water. The first example of significant real-world harm caused by unsafe AI would turn an already wary public further against the technology and its leaders, including Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman, as well as President Trump for his reluctance to regulate it. Threat level: While scenario planning is common within many companies and national security settings — the Pentagon has been running war games for decades — the difference is that many top AI researchers and executives believe a major incident is inevitable. "OpenAI conducts preparedness exercises where teams discuss and work through a range of potential scenarios," a company spokesperson said. "These scenarios are not treated as inevitable, but are meant to help us prepare for a variety of circumstances." Anthropic declined to comment. Zoom in: The blame game will start whether a rogue-agent swarm breaks containment from an internal testing environment or a bad actor finds unexpected ways to use available models. A recent campaign targeting South Korean financial organizations — including reported breaches at two banks — shows the damage one person can do. A hacker from China allegedly used AI tools from China-developed models, including DeepSeek, to steal data from tens of thousands of bank customers. The attacker used Claude Code to ask for help finding places to sell the stolen data, according to cybersecurity firm CrowdStrike. Top AI planners assume Democrats, ascendant after the midterms, will move fast to shut down AI but will face significant challenges. An aging Congress, out of touch with the AI revolution, could find itself out of its depth. The global economy is now heavily intertwined with an AI infrastructure buildout. Slowing it down could hit an already fragile economy hard. Too many open-weight models can already be freely downloaded and used to cause harm, a problem most cybersecurity pros see as solvable only by using AI to fight rogue AI. Between the lines: The planning involves red-teaming for worst-case scenarios. It focuses mainly on racing to educate members of Congress. Company executives know regulation has no chance of passing right now, but still want to shape the legislation and policies U.S. leaders will turn to after a first catastrophic event. What we’re watching: Many AI industry insiders told Axios they believe a major event will occur in the next six to 12 months. Even with Democrats in control of the House and Senate, the companies see fractured politics as the norm, including within the Democratic Party. Some of the most heavy-handed Democratic proposals include banning superintelligence or pausing advanced AI development. Others have bipartisan support and even some industry buy-in, including a required kill switch on advanced AI. But experts have questioned the viability of trying to turn off all AI systems. The bottom line: In a real crisis, Washington can set partisan differences aside. One Democratic aide pointed to cooperation during COVID and the 2008 financial crisis. AXIOS

— Ares, Information Service (@Aresinfoservice) October 10, 2026

For months, Ma Yongjian didn’t tell his parents where he was.

Halfway through a master’s degree in computer science, the 27-year-old stopped going to class last year. Software engineering used to be a safe career choice, but the rise of artificial intelligence and a wave of layoffs at Chinese tech companies left Ma convinced he wouldn’t be able to land a good job. He no longer saw the point of studying. 

When his roommates left their dorm each morning, Ma would wander Beijing, sitting in parks and looking at stray cats. Earlier this year, he escaped to Dali, a magnet for drifters in China’s Yunnan province known for its scenic mountains and slow pace of life.

His parents thought he was still in grad school. He didn’t want to worry them.

“Before, everyone expected life would keep getting better, your income would keep growing. Now, it’s different,” said Ma. “When you look at the future, there isn’t much hope.”

A generation born during China’s boom years is now entering adulthood with dwindling opportunities, fiercer competition and a growing sense of despondency that years of hard work have left them no better off than their parents—and, for some, back living with them. Steady jobs are hard to get, pushing millions into the precarious gig economy, while others buckle under a cutthroat work culture.

A weakened economy has shrunk the job market, just as record numbers of college graduates are looking to start their careers. 

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China’s Weakening Economy Is Creating a Lost Generation—Young people were taught hard work guaranteed a bright future. They feel burned out and betrayed as good jobs become harder to get. @hannahmiao_ @GillSabrie https://t.co/Jdyyo9hqou https://t.co/Jdyyo9hqou

— Jonathan Cheng (@JChengWSJ) October 13, 2026

During the summer murder trial of Lindsay Clancy, bettors wagered more than $100,000 on the verdict. Since a deadlocked jury forced a mistrial in early September, more than $500,000 in additional bets have been placed on whether the Massachusetts woman accused of killing her children will eventually be convicted.

In Utah, a trial date hasn’t been set yet for Tyler Robinson, who stands accused of killing conservative commentator Charlie Kirk at a university event last year. But even before Robinson formally entered a not guilty plea last month, more than $300,000 had been wagered on the outcome. 

In both cases, the bets were available on an offshore platform run by Polymarket. The site also has hosted bets on the federal prosecution of Sean “Diddy” Combs and the government’s current case against ousted Venezuelan President Nicolás Maduro.

Prediction markets are raising novel ethical concerns and insider-trading risks on everything from corporate auditing to U.S. military operations. Those headaches are now at the courthouse door, presenting particularly unusual challenges for the justice system.

“When the public treats a courtroom like a casino, due process is susceptible to corruption,” said C. Melissa Owen, president of the National Association of Criminal Defense Lawyers.

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Prediction markets are raising insider-trading concerns about jury cases https://t.co/YF4hIoWmlc via @WSJ

— Peter Dugas (@regintel2000) October 12, 2026

Eating out less? Fine. Putting off a haircut? They’ll survive. Living with parents a little longer? Apparently doable.

Gen Z is cutting back, but not necessarily to save for the house, car, and family that once defined the American Dream. For many young adults, the thing worth protecting is travel—even as trips get more expensive. Average U.S. travel costs in August were 9% higher than a year earlier, according to NerdWallet’s Travel Price Index, with airfares up 23.4%.

Yet nearly 44% of U.S. Gen Z travelers say they frequently or very frequently take spontaneous leisure trips, compared with 25.2% of American travelers overall, according to Future Partners. If travel is getting more expensive but remains a priority, something else has to give.

Housing, the centerpiece of the old American Dream, may be where that shift is clearest.

Among Gen Z renters, 83% say renting allows them to save for life experiences rather than tie up money in homeownership, according to a January 2025 survey of roughly 2,000 Gen Z renters by property management software company Entrata and Qualtrics.

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Owning a Home Feels Out of Reach — So Gen Z Is Spending Big in Another AreaRead more: https://t.co/xU7REuCLoq

— Entrepreneur (@Entrepreneur) October 7, 2026

The global surge in interest rates has exposed…[France], once considered an oasis of relative stability in Europe’s financial markets, as one of the continent’s weakest links. France now pays more to borrow than former crisis hot spots like Greece and Italy. Its government is running a budget deficit surpassed only by the United States among its peers. 

Last week, a slow-burning selloff in France’s government bond market took an alarming turn as it spread across the continent, reviving memories of the eurozone debt crisis last decade. France’s 10-year borrowing cost has risen toward 5%, the highest level since 2002.

Investors are bracing for things to get worse. The rise in rates is saddling the government with higher costs just as it needs to refinance a mountain of debt borrowed during the era of ultralow interest rates. France has more than $1 trillion in debt coming due by 2030, and next year is set to sell a record of about $380 billion in debt into a market where once-reliable sources of demand have evaporated.

France’s central bank is no longer buying government bonds and is instead letting its portfolio shrink as bonds mature. Once-steady investors like Japanese asset managers have also stepped back. Hedge funds that have stepped into the void have been burned by the recent volatility.

“France has been this free rider in Europe for years, if not decades. It has gotten away with fiscal murder,” said Kevin Thozet, a portfolio adviser at the French asset manager Carmignac. “It worked as long as people were not noticing. Now people have started to notice.”

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After years of overspending, France has emerged as one of Europe’s weakest links. Investors are bracing for things to get worse. https://t.co/MGG0wEfhzS

— The Wall Street Journal (@WSJ) October 6, 2026

The federal government’s budget deficit is the amount by which spending exceeds revenue; in 2026 that is projected to be $2.1 trillion. The government’s budget debt is the total amount owed to creditors; in 2026 that is projected to be $32 trillion. Those are big numbers. If you personally owed someone $32 trillion, you (and your creditor) might be a bit concerned. 

Obviously, the U.S. government has more resources than you do, so we need a different gauge. The most often-used measure compares the size of the debt to GDP, which measures the total amount of production in the country. The CBO estimates that in 2026, the debt-to-GDP ratio will be around 101 percent. (The only time it was higher—106 percent—was at the end of World War II.) If the U.S. government wanted to pay off its entire debt right now, it would need all of the income generated in the entire economy this year. That seems very alarming until you remember that the government doesn’t have to pay off its entire debt this year. If you have a home mortgage, it is likely that the value of your debt exceeds your current income, but you aren’t worried because you do not have to pay off the entire debt today. 

Nevertheless, when the size of government debt is equal to the size of the GDP, many people get worried. Reinhart and Rogoff, for example, showed that when debt-to-GDP ratios are higher than 90 percent, economic problems arise. But a country with the economic size and power of the current United States can presumably weather a higher ratio than the norm. Theoretically, there is a debt-to-GDP ratio that will create problems even in the largest economy in the world, but we have no way of precisely determining that limit from the experience of smaller countries in the past. 

While it is hard to estimate the effect of the existing debt-to-GDP ratio, the trajectory of that ratio is noteworthy.

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Bad news – we cannot grow our way out of the debt. pic.twitter.com/5fWs28zRIX

— Marc Goldwein (@MarcGoldwein) September 24, 2026

America’s landscape is undergoing one of the largest transformations in decades. The country houses nearly 100 hyperscale data centers, which consume at least 100 megawatts of power at peak operation — enough to power about 80,000 homes.

There are another 120 under construction, according to Cleanview, a market intelligence company tracking data center development. Four hundred and sixty more are planned. Roughly 40 percent of today’s hyperscale data centers were built on previously developed land. The rest took over farmland, shrubland and forest.

Data centers have existed for years but have never been quite this large. “Traditionally it’s just one building situated in an urban area,” Adams said. Now, hyperscalers start with one building and then expand to “two, three, four, five, six buildings.” Meta is constructing a data center campus called Hyperion on a tract of land in rural Louisiana that will dwarf Manhattan’s Central Park. The project is huge but may soon be overtaken. If all the data centers currently planned are built on schedule, according to Cleanview’s data, by 2030 the Hyperion campus will rank only at No. 5 in the U.S. by square footage.

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America’s landscape is undergoing one of the largest transformations in decades.

To meet the insatiable demand for computer processing to power AI, tech companies and their developers nationwide are building ever-larger data centers. https://t.co/dGFucHTl8D

— The Washington Post (@washingtonpost) September 28, 2026

Some computations are so hardcore that it takes a facility of extraordinary power to even think about running them.

These are the supercomputers – massive facilities humming with the corpulence of their GPUs and CPUs, crunching applications that would take a desktop computer hundreds to thousands of years.

A commercially accessible quantum computer has just accomplished a feat that suggests this newer technology could one day leave supercomputers in the dust.

In just 19 seconds, IBM’s Nighthawk r2 processor generated a million samples – a task estimated to take a supercomputer around 110 years.

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A Quantum Computer Just Did in 19 Seconds What Could Take a Supercomputer 110 Years https://t.co/sdqaoE9yKO

— Randy Kemp (@randylewiskemp) September 29, 2026

A.I. has made the gap between policymaking and technology one of the widest ever, according to more than 20 interviews with lawmakers, technologists and policy experts. Many governments are torn between wanting to harness A.I. and fearing its risks. And they are further mired by national politics, limited technological know-how, geopolitical divisions and reluctance to fall behind in a race that could shape economic power and national security for decades to come.

Many countries are waiting for the two leading A.I. nations — the United States and China — to take a cue from their A.I. policies. Yet in the United States, the Trump administration has been divided over A.I. safety, with President Trump saying regulation would hurt innovation and cede ground to China. China itself has imposed some rules on A.I., especially to censor chatbot content, but also raced ahead with development.

“There’s this assumption that there are adults in the room on this issue, but there are no adults in this room,” said Sean Ó Heigeartaigh, director of the AI: Futures and Responsibility Program at the University of Cambridge, who is a member of a European Union advisory board on A.I. “That is what makes all of this so completely terrifying.”

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Robots — the sector Mr. Xi first championed in his 2014 speech — have been a particular success. China has more than 2 million robots in its factories, more than in the rest of the world combined. Some Chinese researchers have argued that robots may be more promising for achieving general-purpose intelligence than large language models — Silicon Valley’s chosen method — because they can learn from interactions with the physical world.

Those rapid gains have fueled anxiety in Washington, where fears of being overtaken by China have become the main argument against reining in A.I. A congressional advisory group warned that China’s quick adoption of A.I. in robots and other practical applications would generate huge amounts of new data that could then be used to further improve its models. In July, the U.S. government proposed restricting imports of humanoid robots, a move Beijing denounced as discriminatory.

For people like Mr. Liang, the robotics company founder in Shenzhen, the signs of China’s progress are already all around.

He still admires American entrepreneurs, but he no longer looks only to them for inspiration. He wears smart glasses from Huawei. He has hired interns from American universities who are eager to learn from China’s robotics expertise.

“Before, we all used American technology as the benchmark, and we’d joke about ‘C-to-C’: ‘copy to China,’” Mr. Liang said. “I think it’s the mission of this generation of Chinese entrepreneurs to let the world know that some Chinese companies are different.”

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How China’s Leader Plans to Win the Future With A.I.

A decade ago, Xi Jinping asked if China could master A.I. His push is remaking the economy, challenging the United States and keeping society under control. @vwang3 https://t.co/1NxAUK6oSR via @NYTimes

— Ashis Basu 🇨🇦 ashis.bluesky.social (@BasuAshis) September 23, 2026

Financing the AI buildout projects that AI investment in data center buildings, power systems, networking infrastructure, and specialized chips and other equipment will total an enormous $10.3 trillion from 2025 to 2032, or an average of 3.63% of U.S. gross domestic product per year.

“The projected buildout would be larger relative to the economy than the major U.S. canal, railroad, electrification, highway, and telecommunications investment booms,” writes the author, Stijn Van Nieuwerburgh of Columbia University.

The paper warns that the risks embodied in the AI investment race are migrating from transparent on-balance sheet financing by major corporations to opaque off-balance sheet financing through joint ventures, private credit, securitization, special-purpose vehicles, lease commitments, loan guarantees, and other structures.

These off-balance sheet arrangements then depend on AI companies’ cash flows and collateral values, which are subject to “uncertain AI demand, rapid technological change, timely access to power and hardware, and the continued credit quality of a small number of [data center] tenants,” Nieuwerburgh writes.

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Financing the AI buildout will total $10.3 trillion from 2025-2032, or an average of 3.63% of US GDP each year: study. That "would be larger relative to the economy than the major US canal, railroad, electrification, highway, & telecom investment booms" https://t.co/RCT3oaG4VS

— Lisa Abramowicz (@lisaabramowicz1) September 24, 2026

More than six years after the Covid-19 pandemic emptied offices around the world, the bet that time would heal the US commercial real estate market is ending. For years, lenders extended troubled loans rather than crystallize losses, on the assumption that lower interest rates and returning workers would eventually rescue them. But borrowing costs have stayed persistently high, and the Federal Reserve’s rate hike last week — and the prospect of more to come — means little relief is in sight. Billions of dollars of property loans are maturing and patience is running out.

“I joke that sometime between last year and this year was when hope that rates would decline died,” said Josh Morris, partner in global real estate at Davidson Kempner Capital Management. “There’s broader acceptance of the reality that we’re in a different regime than we were previously.”

The strains are particularly apparent in the mortgage-backed securities market, where the delinquency rate for US office CMBS reached 12% last month, according to Trepp, near a record and above levels hit in the aftermath of the 2008 global financial crisis.

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America’s office bust is entering a new phase. With interest rates staying high and billions in debt coming due, landlords face a choice: put more money into struggling towers or walk away https://t.co/7wraxSjl5p

— Bloomberg (@business) September 21, 2026

The roughly 4% unemployment rate measures something very different from what people often hear in the mainstream media or from well-meaning thought leaders: “all-time low,” “full employment” and similar descriptions.

They are mistaken.

The government also reports a measure called U-6. It includes the unemployed people, those “marginally attached” to the labor force and people working part time who want full-time work. The U-6 measure raises the 4% to about 8%….

The monthly number today of about 4% represents roughly 6.5 million Americans who are unemployed, looking for work and not working.

When including prime working-age (25-54) men and women “not working,” what I call real unemployment is closer to 12%. About 22 million out of work.

Read it all.

@cspanwj Unemployment: A National Misunderstanding Most of us accept use the term, &, most of us are sure this is correct. But we know there are more important measurements that suggest different gov't actions. https://t.co/ou67ovSHP5

— 34Hunter (@mikefreema38742) September 21, 2026

“It’s like the countries don’t trust the U.S.,” said Daniel Tannebaum, a partner in Oliver Wyman’s finance and risk practice who served at the Treasury Department as the Office of Foreign Assets Control compliance coordinator for the Federal Reserve Bank of New York. “I do think that there is a fear factor.”

That fear factor is also creating blowback for American companies that are trying to do business abroad.

Mr. Tannebaum, who is a partner in Oliver Wyman’s risk and public policy practice, said that the aggressive use of tariffs and export controls by the United States has made European countries and companies wary of adopting American technology for sensitive industries such as artificial intelligence. They worry that if they are dependent on the United States for such infrastructure it could be used against them if Washington decides to ban or disable the technology, as it has done during disputes with China and Russia.

All of this has contributed to an erosion of America’s status as a safe haven.

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The World Economy Is Becoming Wary of the U.S. https://t.co/BkvAF43pOj via @NYTimes

— John Bresnahan (@bresreports) September 16, 2026

O Lord, our heavenly Father, by Whose providence the duties of men are variously ordered: grant to us all such a spirit that we may labour heartily to do our work in our several stations, as serving one Master and looking for one reward.  Teach us to put to good account whatever talents Thou hast lent to us; help us to overcome all sloth and indolence; and enable us to redeem our time by zeal and patience; through Thy Son, our Saviour.     

–Frederick B. Macnutt, The prayer manual for private devotions or public use on divers occasions: Compiled from all sources ancient, medieval, and modern (A.R. Mowbray, 1951)

St. Paul’s Church at Jarrow in Northumberland. The chancel is Anglo-Saxon in date, and formed part of the double monastery of Wearmouth-Jarrow founded by Benedict Biscop during the C7th, and also home to the Venerable Bede. 📸 My own. #SteepleSaturday #Jarrow #Northumberland pic.twitter.com/jJSa71NoeZ

— Kevin Wilbraham (@KPW1453) September 12, 2026

In 1888, George Eastman marketed the Kodak camera with the memorable advertising promise: “You press the button, we do the rest.” Photography, a complicated task requiring considerable technical knowledge, suddenly became accessible to ordinary consumers.  

Eastman created a company that became an early practitioner of welfare capitalism. Eastman issued weekly paychecks and distributed bonuses and profit-sharing payments. In 1919, Eastman gave employees one-third of his personal holdings in Kodak stock, then worth $10 million. The firm later established retirement annuities, life insurance, and disability benefits. Eastman believed that the goodwill and loyalty of employees were important sources of Kodak’s prosperity.  

After World War II, major American firms adopted the Kodak model of investing in their employees. In The End of Loyalty, former Wall Street Journal reporter Rick Wartzman describes the 1940s and 1950s as a working-class golden age in which firms such as General Motors, General Electric, Procter & Gamble, and Coca-Cola felt obligated to “lend a helping hand to workers” and to “shield them against the vicissitudes of life.”    

Paul Osterman’s important new book, Disposable Workers: The Transformation of Employment, describes how thoroughly that model has eroded.  

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The Unravelling of The American Employment Compact – Public Discourse https://t.co/0Vs231wbO3

— Allen Mendenhall (@allenmendenhall) September 9, 2026