There’s a lot of talk about socialism these days, despite it’s inherently flawed premise and repeated failures, resulting in millions dying, mass starvation, widespread human suffering, readers here already know the history. Unfortunately, it’s rising again due to new promotion from people who hate America, combined to create the perfect storm since we also recently stopped promoting the story of prosperity and our information ecosystems are deeply propagandized. Also, our biased education system simply ignores past examples that might challenge some of the ideals they’re so keen to promote, which I find both annoying and civilizationally suicidal. Perhaps this is cyclical, and every civilization has to re-learn forgotten mistakes (even though we have parables that try to help, but ofc they’re unhelpful if no one reads them). So all we can do is share stories which are more instructive than dry statistics.

Today we have a fun one which takes us back to the year 1825. Here, a wealthy Welsh industrialist named Robert Owen acquired a complete American town, a plot with 20,000 acres, 160-plus buildings, working mills, workshops, barns, farmland already producing food. He renamed it New Harmony, and 1,000 people showed up in year 1, most convinced they were present at the birth of a new way of running civilization. It’s also notable that Owen wasn’t some kind of crank, before ever setting foot in Indiana he’d already made his name running textile mills in New Lanark, Scotland with shorter hours, real schools, better housing, and the mills still turned a profit. For the early 1800s that’s really impressive and illustrative of his operator skills.

Although, his prior success is exactly what made him dangerous. Owen had convinced himself that people are basically a product of their environment, where you could rearrange the environment and you rearrange the person. Kill private property, kill competition, split the rewards evenly, and cooperation just… happens, naturally, without anyone having to be talked into it, which is of course idealist and ignorant of human nature. As is always the case, a very intelligent person is unable to model the behavior of others, many of whom simply operate differently.

The experiment pulled in serious people. Real optimism, real brainpower, real $ behind it. In January 1826 William Maclure floated an entire boat of scientists and educators down the Ohio River, historians still call it the “Boatload of Knowledge.” Thomas Say, the father of American entomology, was on it, so was naturalist Charles-Alexandre Lesueur along with Geologists, artists, educators, people like this. So this wasn’t some kind of backwoods commune of true believers with no credentials interested in getting high. It was, arguably, one of the highest concentrations of talent in America at that moment. If intelligence and good intentions were sufficient conditions for a new economic system to work, New Harmony had every box checked.

Unfortunately, it fell apart almost immediately.

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This week's longform idea, we're talking about the (failed) socialist utopian experiment in America that lasted two years https://t.co/395RsSU4Vp

— Adam Singer (@AdamSinger) July 28, 2026

I admire these students’ Zen-like ability to enjoy today in spite of tomorrow. But their powerlessness saddens me. In 2024, an Emory University professor, Stephen Nowicki, observed that his college seminar students felt less control over their lives than the average prisoner felt in 1966. The belief that you shape your own destiny strongly tracks with health, income and happiness. People who feel they have agency tend to eat better, apply for more jobs and recover more easily from setbacks. It’s true that in times of uncertainty, despair is a rational response. But when young people stop believing that long-term effort will improve their lives, something larger is lost: the capacity to imagine a meaningful future….

Ms. Perez and Mx. Durhal have a lot in common. Neither cares about prestige or job titles. Both want the income and flexibility to live according to their personal values. Timothy Judge, a professor at Ohio State University and an author of the foundational ambition study, told me that compared with previous generations, his current students think harder about what they want out of life. “Now’s the time to question it — early in your career, when you’re in the formative stage,” Dr. Judge said. “I think it’s a good thing.”

There’s a lot for us still to learn from the way Gen Z approaches work. Years of research have shown that extrinsic motivators like money and fame make people miserable while intrinsic motivators like enjoyment or self-mastery fuel satisfaction. In Dr. Judge’s study, the most ambitious people died slightly younger than those with less drive. He thinks it’s because those who focused on accomplishment experienced more stress and neglected their health and relationships.

While talking to students, I found myself questioning my own choice to worship at the altar of work. I wrote much of this article on weekends, sometimes while my toddler begged for me; I have chronic pain triggered by sitting too long; I don’t know how to turn off my drive. Before talking to these students, I never really considered what “success at any cost” actually cost me.

At the same time, ambition isn’t just about personal accomplishments. It’s also about having faith in our ability to shape the future. Speaking to Mx. Durhal and other young adults for whom tomorrow seems uncertain, I see a generation that’s learning not to hope too hard. Humans are future-oriented creatures. Not being able to look ahead deprives us of what matters most. Data collected in an ongoing study on people’s well-being showed that young adults across the world score low not just on happiness but on eudaemonistic well-being, including meaning, purpose and fulfilling relationships.

As an adolescent, I took solace in the saying “Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.” This aphorism, often attributed to Martin Luther, wasn’t about the joy of digging holes. It represented defiant optimism in the face of uncertainty. In the hardest moments of my youth, my goals gave me dignity and agency. When the present felt unbearable, my aspirations allowed me to transcend my surroundings. I think about sitting in the back seat of my rusty car, clutching an SAT book. I still bear the scars of my work ethic; I wish I’d known, like today’s youth, how to give myself more grace. But I also wish they understood how the dream itself illuminated the path a few feet ahead of me, until I stood on solid ground.

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Fascintating piece by @eminietfeld about GenZ views on success and work: Gen Z Has Lost Its Ambition. Maybe It’s Found Something Better. https://t.co/BX1nigICFX

— Jason Ryan (@jasonryanmd) July 23, 2026

Artificial Intelligence poses a double challenge to the human mind. Not only will the most advanced models soon be able to think better than people, but AI has consequences for humanity which are so uncertain, so potentially vast and are approaching at such a rapid pace that even the best brains flinch. An example is Elon Musk.

In our long interview with him this week, featured in The Insider and our Business section, the engineer and entrepreneur sets out two paradoxes and one contradiction. The first paradox is that one of the world’s most power-hungry tycoons is enthusiastically helping create a technology that he says will render him—and all other human beings—powerless after as little as five years. The second is that the world’s richest man says he is preparing for a world of infinite abundance, where money, including his $750bn fortune, no longer matters. And the contradiction is that, despite these stated beliefs, Mr Musk continues to act as if they were not true.

Mr Musk is divisive. His political views, disseminated to his 240m followers on X, strike many as plain-speaking and strike many more, including The Economist, as plainly bigoted. By his own admission, his attempt to use DOGE to scythe through the federal bureaucracy went wrong.

But he is also one of a handful of men who are pioneering AI and who thereby have an outsize influence on its trajectory. When he speaks, he reflects the debates they are having. His data centres in space could power AI’s future. For all his political polemics, he has a record of being right about technology in fields such as electric cars, rockets and satellite communications that confounded other engineers and entrepreneurs. For those reasons, his claims about AI repay examination. Unfortunately, such an exercise only underlines how ill-prepared the world is for a technology that may soon throw everything up in the air.

Read it all.

AI is charging ahead. Not even its creators—including @elonmusk—know how to keep up https://t.co/8UwsIS9FQY pic.twitter.com/TndVl6q8ir

— The Economist (@TheEconomist) July 23, 2026

The price of crude oil is a broken barometer. Acute pain in the world energy market has switched to the trio of refined products that we actually consume: diesel, petrol and jet fuel.

The IATA jet fuel index for global airlines has hit $154 a barrel in Europe and $149 in North America, almost double the cost of underlying crude. In trade parlance, the “crack spread” has gone mad. It is arguably worse for diesel. The spread over crude has reached $80 in Rotterdam and $88 in New York, the highest since records began. The whole global market is seizing up.

“I’ve never seen an energy environment this stretched,” said Jeff Currie, perhaps the world’s best-known oil guru. We have been lulled into complacency by deceptively moderate oil headlines and by assumptions that the Iran war has settled into a low-intensity management problem. It is nothing of the sort.

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Beware the rising energy dangers of Trump’s Gulf war (£) https://t.co/C5vRYPohmC

— Wolfgang Schremser (@WSchremser) July 22, 2026

American families are increasingly being pushed past their financial limits at the grocery checkout counter, turning to credit card debt just to keep food on the table, according to a new study.

Data released Monday from the Urban Institute found that a cumulative 32% increase in food costs over the last five years has pushed more than one in four working-age Americans into credit card debt just to cover their regular grocery bills.

“Groceries are one of the largest household budget items for families. Over the past five years, food costs have increased substantially,” the report said. “This means that families today face persistently higher prices when they go to the grocery store, and food affordability remains a key concern for many.”

The report also found, “Between 2023 and 2025, the share of working-age adults who paid for groceries with a credit card and did not make the minimum payment increased, signaling worsening financial distress among families.”

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More Americans are relying on credit cards to buy groceries, new study finds https://t.co/QLesWIlwnV

— FOX Business (@FoxBusiness) July 13, 2026

Wendell Gilliard spent the hottest days of his childhood summers praying for a cool breeze.

Gilliard, a state lawmaker who represents parts of the peninsula and West Ashley in the S.C. House of Representatives, grew up in Charleston’s low-income housing before it had air conditioning. His family would cool off by purchasing a large block of ice and setting it in the middle of a room surrounded by fans and open windows.

“ That was our air conditioning,” Gilliard recalled. “Mom would always say, ‘ You need to stay still and pray for a cool breeze.’   Then, when everybody stayed still in that one room, you would notice the curtain would pick up from the breeze, and everything changed.”

Charleston Housing Authority properties now have air conditioning, but many households across the state still don’t. As South Carolina enters the dog days of summer, heat-vulnerable residents — who are predominantly elderly, those with chronic illnesses and the “homebound,” per the S.C. Department of Public Health — face life-threatening risks.

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July through mid-August are historically the hottest time of year in South Carolina. For some households, the dog days of summer can be deadly — a risk that's growing with each passing year. https://t.co/DTeNvoEZck

— The Post and Courier (@postandcourier) July 9, 2026

The U.S. labor force participation rate has quietly returned to levels last seen in the 1970s (outside the recent pandemic). It increasingly seems to signal a structural shift in how society works, with a shrinking share of adults participating directly in the production of goods and services. The consequences extend well beyond slower economic growth.

Some implications:

• A growing share of U.S. society has no direct stake in labor markets.
  • As fewer adults work or seek work, a larger fraction of voters experience the economy mostly as consumers, retirees, or rentiers, not as workers.
  • That changes political incentives around wages, immigration, AI, taxation, and redistribution.
• The economy becomes increasingly dependent on a shrinking core.…

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The Gallup study found that roughly half of U.S. adolescents lacked at least one necessity measured by the ANI. Neighborhood safety was the least common (about 76% reported having it), followed by the ability to afford extracurricular activities (about 78%). The most common were access to medical care (about 97%) and having an adult who offers encouragement (about 96%).

Analysis of the Character Lab data revealed two underlying dimensions — material necessities (transportation, housing, nutrition, safety, medical care, quiet space, and extracurriculars) and social necessities (academic support, emotional support, and encouragement). Because the two dimensions are highly correlated, the authors combined them into a single metric that they call “Access to Necessities,” appropriate for most research and screening applications.

Across both the Character Lab and Gallup studies, students with higher ANI scores consistently showed better outcomes: higher GPAs; greater emotional, social and academic thriving; better physical and mental health; and greater life satisfaction. Critically, the ANI predicted these outcomes even after accounting for traditional measures of socioeconomic status. In other words, the ANI didn’t merely replicate what SES captured — it added meaningfully to it.

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(Gallup) Makes the heart sad–A New Way to Gauge Students' Basic Needs
Survey tool finds half of U.S. teens are missing at least one necessity https://t.co/cqOxiwzWTO #culturewatch #usa #teens #children #personalfinance #foodinsecurity #poverty #basicneeds

— Kendall Harmon (@KendallHarmon6) July 2, 2026

US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.

Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. The unemployment rate fell to 4.2% as labor force participation plunged.

The payroll figures, which were lower than all but one estimate in a Bloomberg survey, suggest the labor market still faces some challenges despite signs of strength in recent months. While consumer spending has been resilient in the face of the energy shock from the Iran war, Americans are pessimistic about high prices, which may also be keeping employers cautious about hiring.

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While consumer spending has been resilient in the face of the energy shock from the Iran war, Americans are pessimistic about high prices, which may also be keeping employers cautious about hiring. https://t.co/vv5snctaBL

— Bloomberg (@business) July 2, 2026

Yet this backlash is itself dangerous. AI promises to change the world for the better, much as electricity or the steam engine did. Not long ago, the era-defining problem for the rich world was stagnant economic growth and the populism it unleashed. Now it has a technology that could power a surge in productivity and incomes, help find cures for untreatable diseases and improve everything from education to green tech.

All this could be lost if countries starve the technology of computing power or regulate it into uselessness. Look at mRNA vaccines research, which has been held back after a backlash during the covid-19 pandemic.

Scenarios in which some countries give in to popular rage but others forge ahead are also worrying. If America succumbs, it could cede the global ai frontier, and the attendant cyber and military capabilities, to authoritarian China. Europe and Canada are more risk-averse than America. If they choked off AI while the rest of the world kept pushing forward, their losses could be unrecoverable. More than two centuries after the Industrial Revolution, few countries have managed to catch up with the first movers.

So the stakes are high. Can governments do anything about it? Grand proclamations about the shape of a “social contract” for a post-AI world are good fodder for blog posts but offer little help today. Besides, the unknowns are still large enough to make the exercise almost futile.

Better to be incremental. 

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Persuading voters that their interests are being served by AI’s disruption has become as important as making models better. The failure to do so would destroy vast opportunities for humanity https://t.co/5S9EGzPIHg

— The Economist (@TheEconomist) June 25, 2026

 Two-thirds of Americans surveyed in a June 1-15 Gallup poll say the cost of fuel has caused financial hardship for their household, similar to the level recorded when gas prices were similarly high in 2022 and at other times over the past two decades when gas prices were elevated — especially 2005, 2008 and 2011.

Although most people are feeling the pinch from high fuel prices, 17% of those experiencing financial hardship because of high gas prices call it “severe.” That is slightly lower than the 22% found four years ago.

Gallup’s trended data suggest that Americans are especially sensitive to average pump prices reaching new levels — often widely reported in the news. Each time a new threshold has been crossed for a sustained period, the share of Americans reporting financial hardship has risen sharply. This includes when prices went above $2 per gallon in 2005, above $3.50 in 2008, above $3.75 in 2011 and above $4 in 2022.

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Gas Prices Hitting Americans' Finances, Travel Plans https://t.co/ddsER2mq8P

— Todd Nicolini Insights (@InsightsTodd) June 25, 2026

“It’s going to be an absolute nightmare,” says an executive at a big American tech company. He is talking about an emerging problem for businesses that use artificial intelligence. AI agents—bots that can read, interpret and act—use masses of processing power and have started to run up huge bills. As they proliferate, the problem will grow. Big companies, the executive points out, typically use hundreds of software programs. If each of those offer agents (as they probably will), AI costs could easily spiral out of control.

Budget management is a new worry for AI adopters. Not long ago employees were encouraged to binge on the technology, as bosses and investors saw spending as a sign of innovation. Burning through vast numbers of tokens—the chunks of text that models process, which are often used as a unit of pricing—became a badge of honour; techies dubbed it “tokenmaxxing”. Companies showed off staff’s AI use on internal leaderboards. Meta’s display awarded top users titles like “Token Legend”.

Such incentives partly explain the boom in AI spending. Another contributing factor is a change in the way enterprises use the technology. Token-heavy applications, such as reasoning models and agents, are growing more popular. In some cases agents build their own agents, sending costs higher still. Ramp, a corporate-credit-card provider, analyses its clients’ transaction data to shed light on how they use AI. It reckons their overall spending has risen 13-fold in the past year. In April Uber said that it had already spent its annual AI budget in four months. Other firms are experiencing similar problems. One reportedly spent $500m on AI tokens in a month. Sam Altman, the boss of OpenAI, has described mounting customer costs as “a huge issue”.

For now, the problem is concentrated. The top spenders tend to be tech firms….

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Burning through vast numbers of tokens—the chunks of text that models process, which are often used as a unit of pricing—was once a badge of honour. Now budget management is a worry for AI adopters https://t.co/TZsf1H2BHC

— The Economist (@TheEconomist) June 16, 2026

Mr. Bezos said he was spending a significant amount of time working on the company, which is based in San Francisco.

Dr. Bajaj is a trained scientist with significant experience in industry. After studying as a physicist and a chemist, he worked closely with the Google co-founder Sergey Brin at Google’s X, a research effort inside the tech giant often called “the Moonshot Factory.” Google X created ambitious projects that have since become their own companies under the umbrella of Google’s parent company, Alphabet, including the drone delivery service Wing and the self-driving car company Waymo.

In 2015, Dr. Bajaj helped found Verily, a research lab that focuses on the life sciences. Like Waymo and Wing, Verily is operated by Alphabet.

He later co-founded and served as chief executive of Foresite Labs, an effort to create A.I. and data science start-ups. He left that job to focus on Prometheus.

Mr. Bezos and Dr. Bajaj declined to reveal many details about how the company aims to build its new A.I. tools.

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Jeff Bezos Wants to Build an "Artificial General Engineer"

As co chief executive of the start up Prometheus, the Amazon founder is using A.I. to improve how devices ranging from computers to jet engines are made.

This is how the acceleration escapes the screen and enters atoms. pic.twitter.com/ldKfFIi3Ib

— Dr Singularity (@Dr_Singularity) June 12, 2026

Social Security is expected to deplete the fund that helps pay out retirement benefits by late 2032, the program’s trustees said Tuesday.

That is earlier than their projection last year of 2033, partly because the fund expects to collect less revenue after President Trump’s new tax law. Passed last summer, the law gave senior citizens an extra deduction that reduced taxes on benefits for many Social Security recipients. . .

Unless Congress shores up the retirement program, the depletion of reserves would trigger a 22% reduction in benefits in late 2032. Because incoming payroll tax revenue doesn’t fully cover promised benefits, the program is forced to make up the difference by pulling money from its two Social Security trust funds—one for disability benefits and the other for the larger program for retirees…

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"Social Security Will Start Running Out Earlier Than Expected" https://t.co/c9X74I9lvM pic.twitter.com/fvWj2vcW9O

— Scott Lincicome (@scottlincicome) June 9, 2026

A new style of architecture is rising in the sprawling suburbs of the Sonoran Desert: windowless data centers that hum 24 hours a day and guzzle as much electricity as a midsize city.

As Microsoft and other tech giants expand their footprints in one of the nation’s largest data-center markets, a high-stakes battle is unfolding over how to pay for the massive power-grid upgrades needed to drive the AI revolution. 

Arizona Public Service, the state’s largest utility, sits at the center of the firestorm. APS is proposing a 45% electricity-rate increase for “extra-large energy users,” primarily data centers, and a roughly 14.5% increase for residential customers.

Nearly everyone is unhappy.

Consumer advocates warn the plan would shift the financial risks of the AI build-out to households already struggling with high summer electricity bills and temperatures that often hit triple digits. If the AI boom fizzles or the energy consumption of data centers wanes, they worry residents could be left paying off the infrastructure upgrades years from now.

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Phoenix Is a Data-Center Mecca—and Test Case for How to Pay for AI’s Power Needs
State’s largest utility is proposing a 45% electricity-rate increase for data centers and a 14.5% hike for households. No one is happy.https://t.co/m1xMQtoJsq

— Giovanni Staunovo🛢 (@staunovo) June 4, 2026

Something new is stirring on the left. A fresh crop of socialists want to remake the economy with price controls, hefty wealth taxes and a spree of nationalisations. Supercharged by fury over Gaza, they are winning voters at a formidable pace. Many rose to prominence only recently, like Zack Polanski, who leads the Green Party in Britain, or Zohran Mamdani, the mayor of New York. Others are long-standing political fixtures: the septuagenarian Jean-Luc Mélenchon is on his fourth swing at the French presidency, but thumping support from the 20-somethings of “Generation Z” has put the Elysée back in his sights again.

Call it Gen-Z socialism. Not because all its adherents are young—or because it is new for young people to lean leftward—but because it is the brand of leftism, made for the TikTok era, that today’s young revolutionaries support.

Forget weighty collectivist ideals or seizing the means of production. Gen-Z socialism is a me-first doctrine. Climate change and race, preoccupations of the 2010s and early 2020s, are now much more peripheral concerns. So are social issues, barring Gaza. Angst about inflation, housing and artificial intelligence have replaced all that with something cruder. “This country is awash in wealth,” says Avi Lewis, freshly elected leader of the New Democratic Party in Canada, a country where productivity has been all but flat for a decade. “We can have nice things.” Saying that prices should be capped to keep your bills down while someone else pays for your public services is a seductive, shareable message.

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Gen-Z socialism is wrong about how to fix the problems of capitalism. It must be resisted, because it is a profound threat to prosperity https://t.co/6n1i5xrJV2

— The Economist (@TheEconomist) June 4, 2026

ust 16% of U.S. adults and 12% Canadian adults are financially fulfilled, according to analysis of the inaugural Edward Jones and Gallup Money and Meaning: Understanding Financial Fulfillment study. Financial fulfillment is a state where people’s personal finances support the life they want to have.

In contrast, 32% of U.S. adults and 41% of Canadian adults experience consistent financial stress, characterized by straining to meet obligations, needing to make trade-offs between financial and life goals, and feeling they lack control over their financial situation. The largest share in each country, described as “financially conflicted,” experience some progress but still contend with ongoing financial strain.

These findings are based on web interviews conducted March 20-April 6, 2026, with 5,075 U.S. adults aged 21 and older who are members of the probability-based Gallup Panel and March 25-April 3 with 2,117 Canadian adults aged 21 and older from a nonprobability online panel. Both samples were weighted to represent the adult population in each country on key demographic characteristics.

The financial fulfillment measure is derived from a statistical analysis of 37 items that measure financial wellbeing, the emotional aspects of financial life, and how closely financial decisions align with people’s values.

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Half of U.S. adults (51%) are financially conflicted — not in crisis, yet lacking financial security.

New research from Edward Jones and Gallup shows how finances affect people’s health, relationships and confidence in their future. Representing 133 million Americans, the… pic.twitter.com/3GEhhJK3zp

— Gallup (@Gallup) June 2, 2026

Between July 1, 2024, and July 1, 2025, South Carolina’s population grew at a rate of 1.5 percent, faster than any other state in the country, according to the U.S. Census Bureau.[1]

South Carolina has consistently recorded rapid population growth, ranking in the top six among all states in each of the last five years for percentage change. Within the last five years, South Carolina’s population growth peaked at a rate of 1.9 percent between July 2022 and July 2023, which was also the third fastest growth rate in the country.

There are three major components to state population growth: natural change, which is calculated by subtracting the number of deaths from the number of births; international migration, which is the number of people moving from outside the country; and domestic migration, which is the number of people moving from another state within the country.  

From July 2024 through July 2025, South Carolina’s population increased by nearly 80,000 people. Births in the state exceeded deaths for the first time in the last five years, by 564 people, therefore having a small effect on the natural growth of the population. 

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Where Americans moved to and from in 2025.

Massachusetts experienced the most loss of any state, Kansas the most of any Republican state, and South Carolina grew the fastest of any state. In contrast, Delaware grew the fastest of any Democrat state.

Republican states dominated… pic.twitter.com/XiJnads08m

— AF Post (@AFpost) May 25, 2026

Elon Musk’s SpaceX pulled back the curtain on a business empire that has racked up ballooning losses and debt after acquiring a cash-hungry startup, and pumping billions of dollars into futuristic endeavors ranging from AI to a Mars rocket.

The prospectus that SpaceX filed Wednesday for an IPO of unprecedented size boiled down to a well-worn strategy that entrepreneurs commonly hawk up and down Wall Street: in order to make money, we need to spend money. And nowhere are the outlays larger than in space and artificial intelligence.

“The big takeaway for me is that SpaceX is now an AI company,” said Chad Anderson, an early SpaceX investor and founder of Space Capital.

Musk is seeking to pull off the unprecedented feat of achieving a $2 trillion valuation from the outset, an audacious plan that’s set to transform both the public and private markets if it succeeds. At the same time, the prospectus lays bare concerns over whether private companies with limited financial disclosures and largely illiquid shares are reaching unjustified valuations in venture capital-led funding rounds.

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Elon Musk is seeking to pull off the unprecedented feat of achieving a $2 trillion valuation from the outset, an audacious plan that’s set to transform markets if it succeeds. Read more: https://t.co/9IYTIOGzoh

📷: Brandon Bell/Getty Images pic.twitter.com/1EFis4o0TP

— Bloomberg (@business) May 21, 2026

The United States has the largest gap of any country in job market perceptions between younger and older adults, with the former feeling much less positive. In 2025, 43% of Americans aged 15 to 34 said it was a good time to find a job locally, 21 percentage points lower than for Americans aged 55 and older.

It is rare for younger adults to be significantly less positive about local job conditions than the oldest age group. In only five other places — China, Serbia, the United Arab Emirates, Hong Kong and Norway — does this pattern hold, in which younger adults lag by at least 10 points.

Globally, a median of 48% of adults aged 15 to 34 said it was a good time to find a job locally in 2025, compared with 38% of adults aged 55 and older, a gap of 10 points in the other direction.

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Young Americans' job market optimism falls as older adults stay upbeat, new Gallup poll finds https://t.co/FoXt6CXwKa

— Drmikemyers (@drmikemyers) May 11, 2026

Workers who enjoy what they do each day rate their lives more than a full point higher on Gallup’s zero-to-10 life evaluation scale than those who don’t enjoy what they do, according to a new Gallup analysis of more than 350,000 employed adults across 149 countries from 2020 to 2025.

But the analysis also reveals that job choice and purpose play an outsized role among specific populations, including full-time employees, workers in their peak career-building years and those living in lower-income economies.

Data from the Gallup World Poll show that, of three aspects of the work experience measured globally, enjoyment of daily work has the strongest and most consistent relationship with broader wellbeing outcomes. This pattern holds across most countries, age groups and employment types — though the relative importance of purpose and choice varies by context.

Work occupies a central place in people’s lives, shaping not only economic outcomes but also how people experience and evaluate their lives overall. To better understand this connection at a global level, Gallup, in collaboration with the Wellbeing for Planet Earth (WPE) Foundation and Persol, measures three core aspects of workplace wellbeing: enjoyment, purpose and choice. These dimensions reflect how work is experienced on a daily basis, whether it is seen as improving the lives of others, and the degree of freedom people have in what they do. These dimensions are closely connected: Having greater choice in one’s work can shape both the enjoyment people experience day to day and the sense of purpose they derive from it.

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Globally, workers who do enjoy their daily work rate their lives more than a full point higher on a zero-to-10 scale than those who don’t enjoy it. pic.twitter.com/od3kRncXlC

— Gallup (@Gallup) May 6, 2026

While headlines, industry hype and employers suggest a near-term revolution that will make workers more efficient and successful, [Daron] Acemoglu offers a more measured—and unsettling—view.

He agrees that recent advances, particularly in “agentic” AI, are moving faster than expected, but that today’s systems fall short when it comes to reliability, reasoning and real-world understanding. That means any sweeping, immediate transformation of jobs and productivity remains unlikely in the near-term. But the uncertainty about what comes next is higher than ever, and Acemoglu warns that tech giants are overwhelmingly focused on replacing workers rather than complementing them. This, Acemoglu says, risks both weaker productivity gains and serious social consequences.

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Nobel Prize–winning economist Daron Acemoglu warns that multiple factors are driving a labor-replacement model, with dire consequences for society https://t.co/XWEYwny4Fa

— Bloomberg (@business) March 18, 2026

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

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Happy Solemnity of Saint Joseph 😇🥳🙏

Icon by the hand of Annette Lawrence dmj pic.twitter.com/ftLwfiRuep

— Sister Walburga (@SisterWalburga) March 19, 2026

O God, who from the family of your servant David raised up Joseph to be the guardian of your incarnate Son and the spouse of his virgin mother: Give us grace to imitate his uprightness of life and his obedience to your commands; through Jesus Christ our Lord, who lives and reigns with you and the Holy Spirit, one God, for ever and ever.

SAINT JOSEPH, EPOUX DE LA BIENHEUREUSE VIERGE MARIE.
« Il l’a sanctifié dans sa foi et dans sa douceur, et il l’a choisi entre tous les hommes. » (Qo 45)
[Guido Reni, 1640] pic.twitter.com/7BtbfoyJmo

— Gloria ! (@Gloria_T_Domine) March 19, 2026

I am not, by temperament, a gambling man. As a suburban dad with four kids, a mortgage, and a minivan, I’m more likely to be found wrestling a toddler into a car seat than scouring moneylines or consulting betting touts. And as a practicing Mormon, I am prohibited from indulging in games of chance. Besides, I had always thought of gambling as a waste of time. This makes me an outlier among my generational peers: Since 2018, Americans have wagered more than half a trillion dollars on sports, and roughly half of men ages 18 to 49 have an active account with an online sportsbook.

When I set out to report on the sports-betting industry—its explosive growth, its sudden cultural ubiquity, and what it’s doing to America—my editors thought I should experience the phenomenon firsthand. Mindful of my religious constraints, they proposed a work-around: The Atlantic would stake me $10,000 to gamble with over the course of the upcoming NFL season. The magazine would cover any losses, and—to ensure my ongoing emotional investment—split any winnings with me, 50–50. Surely God would approve of such an arrangement, my editors reasoned, because I wouldn’t be risking my own hard-earned money.

This spiritual loophole intrigued me. But for the sake of my soul, I decided I’d better consult a higher ecclesiastical authority than The Atlantic’s masthead.

A few days later, I sat across from my bishop, explaining the experiment and watching a look of pastoral concern come over his face. After some consideration, he said (a bit tentatively, if I’m being honest), “I don’t think you’re doing anything wrong.” He grasped the difference between gambling with my own money and using my employer’s for research purposes. But he had also seen too many lives wrecked by vice to let me leave without a warning. He told me stories he’d heard about upstanding family men who had let an initially modest gambling habit ruin them, and a cautionary tale about a churchgoing lawyer who developed an unhealthy curiosity about sex work after handling a prostitution case and wound up devastating his family.

I promised the bishop that I would steer clear of slippery slopes. “This will really just be a journalistic exercise,” I assured him.

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The Atlantic: Sucker – My year as a degenerate gambler – A fantastic longform article on gambling https://t.co/9ShN6LGFwD

— Aaron M. Renn 🇺🇸 (@aaron_renn) March 13, 2026

President Donald Trump’s war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike.

For Europe, sustained higher energy prices would take the economy to the brink of recession. For the US, they would place the Federal Reserve in an impossible position — stuck between a war that pushes inflation higher and a president demanding that interest rates come down. For China, the end of discounted Iranian oil imports adds to strain from Trump’s tariffs and a real estate collapse.

In the first days of the fighting, the intensity is high and the endgame uncertain. Bloomberg Economics has modeled scenarios for what lies ahead, and what they mean for oil prices, major economies, and the future of Iran.

It is, of course, possible that Washington and Tehran find an off-ramp, oil settles back at its pre-escalation average of $65 a barrel, and the global economy dodges a blow.

The latest signs, though, suggest there’s worse to come….

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The war in Iran threatens to unleash a wave of inflation at a time when economies worldwide are already in a tight spot. Read more in the Canada Daily newsletter. https://t.co/iWX5sR3kZB

— Bloomberg (@business) March 4, 2026

In 1973 a club of Arab petrostates held the world to ransom by halting crude-oil exports to countries they accused of supporting Israel. Petrol prices soared; Western economies buckled. Today the danger is that China will use its grip on other natural resources to achieve its aims, such as seizing Taiwan. It has already shown its power by choking off exports of rare-earth metals last year. That is why America is staging its biggest intervention in commodity markets in decades.

The battleground is the supply of “critical” metals, a group of minerals vital to making military, electrical and computing infrastructure—everything modern economies need to be safe, high-tech and green. China supplies most of these: it mines about 80% of the world’s tungsten, for instance, and refines 99% of its gallium. This is spurring America into an all-out campaign to diversify its sourcing of 60 minerals. It has pledged billions of dollars to dozens of mining projects at home and abroad, floated plans to create price floors and trade blocs, and announced a vast stockpile to cover months of national needs. The risk now is that America depends too much on its scattershot efforts—and that, in seeking control, it breaks the flexible and resilient system of market incentives that ensures the smooth functioning of the global economy.

China’s grip on critical minerals has exposed the West’s most serious strategic weakness in many years. Last April, during its trade war with America, China restricted exports of seven crucial rare earths; it targeted another five in October. Nearly a third of Pentagon procurement programmes faced the risk of shortages, as did industries from carmaking to renewable energy. The prospect of large-scale disruption prodded President Donald Trump into a trade truce with Xi Jinping, as well as a relaxation of American controls on some technology exports. Yet Mr Xi can deploy the weapon again whenever he chooses. Meanwhile, exports of rare earths for dual-use applications—the expanding grey zone between military and civilian uses—remain largely barred, sapping Western efforts to rearm….

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America is racing to break China’s chokehold on critical minerals—but its approach has flaws. It should follow three principles https://t.co/t5SkUsYgjf pic.twitter.com/BgoWViJBZv

— The Economist (@TheEconomist) February 26, 2026

Donald Trump’s new 15 per cent global tariff will most greatly benefit countries he has singled out for heavy criticism, including China and Brazil, data analysis shows.

An examination of the new regime by independent trade monitoring body Global Trade Alert found that Brazil will enjoy the biggest reduction in average tariff rates — falling by 13.6 percentage points — followed by China, with a 7.1 percentage point reduction.

Long-standing US allies including the UK, the EU and Japan will suffer the largest hit from the new levy, which the US president introduced after the Supreme Court ruled much of his previous trade policy unlawful on Friday.

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Trump’s new flat-rate tariff will boost China and Brazil https://t.co/lGsVynEEwa

— Financial Times (@FT) February 22, 2026

The Supreme Court’s 6-3 decision on Friday wiping out a chunk of President Donald Trump’s tariff regime is a triumph for the Constitution’s separation of powers and the individual liberty that it protects.

The decision by Chief Justice John G. Roberts Jr. says nothing about whether the tariffs are good or bad policy. But it recognizes that they are a major tax, and that raising revenue is a “distinct” power that belongs to Congress. There’s a reason the 18th century American revolutionary slogan was “no taxation without representation.” Taxing citizens without consent from their elected representatives is antithetical to the American project.

Congress never approved the worldwide tariffs at issue in the case. Trump told the court they were authorized by a 1977 law, the International Emergency Economic Powers Act. No president has used IEEPA to impose tariffs, but it contains the phrase “regulate … importation.” Trump said that was sufficient authorization for him to throw out the rest of the tariff schedules and set import taxes however he pleased.

Roberts saw the flimsiness of that reasoning. “Based on two words separated by 16 others,” he wrote, “the President asserts the independent power to impose tariffs on imports from any country, of any product, at any rate, for any amount of time. Those words cannot bear such weight.” Indeed. The executive branch can’t be allowed to grab hundreds of billions of dollars from the American people on such a thin legal basis.

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The Supreme Court’s decision to invalidate the Trump administration’s broad tariffs strips the president of a central instrument of his foreign policy, undercutting his ability to coerce global leaders and reshape world order in his second term.https://t.co/mktSe8eQIw

Starting with the 2024 decision that gave President Trump substantial immunity from prosecution and continuing through a score of emergency orders provisionally greenlighting an array of his second-term initiatives, Mr. Trump has had an extraordinarily successful run before the Supreme Court.

That came to a sudden, jolting halt on Friday, when Chief Justice John G. Roberts Jr., writing for six members of the court, roundly rejected Mr. Trump’s signature tariffs program. It was the Supreme Court’s first merits ruling — a final judgment on the lawfulness of an executive action — on an element of the administration’s second-term agenda. It amounted to a declaration of independence.

It also served as another in a series of clashes between the leaders of two branches of the federal government cut from very different cloth: the controlled, cerebral chief justice and the biting, brazen president.

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The Supreme Court’s Declaration of Independence https://t.co/c3j3a7tlnQ via @NYTimes

— Luba Howard 🇺🇦 (@marynlm) February 20, 2026