"It’s fair to say that you’ve never been paid less to take risk ... Every price seems to be indicating perfection." From small caps to credit, a remarkable rally in everything despite everything Story with @emilydherbert.bsky.social + @kateduguid.bsky.social www.ft.com/content/02b4...

this is an Alphaville pitch cc @robinwigglesworth.ft.com

if you know who this is pls pls pls get in touch

Headlines on the Bloomberg Terminal from Air Force One: *TRUMP: TV LICENSES SHOULD BE TAKEN AWAY IF BAD PUBLICITY FOR ME *TRUMP: IF TV SHOWS 'HIT TRUMP' SHOULD BE DISCUSSED ON LICENSES *TRUMP ON TV SHOWS CRITICIZING HIM: THEY'RE NOT ALLOWED TO

Awful and dangerous to hear the Mayor echo the transphobic bigotry coming from the Trump administration. It's completely at odds with the values of our city and another reason why his single, disgraced term in office cannot end soon enough.

“If my father cared about monetising his life, the last thing he would have done is run for president, where all we’ve done is un-monetise our life.” www.ft.com/content/0d40...

🇮🇳 📰 NEW | Analysis: #India’s power-sector #CO2 falls for only second time in half a century The sector's CO2 could peak before 2030 Anubha Aggarwal @laurimyllyvirta.bsky.social w/ @carbonbrief.org carbonbrief.org/analysis-indias-power-sector-co2-falls-for-only-second-time-in-half-a-century/

Fact o' day: Bonds of 10 French companies were recently trading at yields *below* French govt bonds. Across the euro area , more than 80 companies had bond yields below France’s, according to Goldman Sachs. on.ft.com/3Inrajs

As a rough heuristic, it seems like, so far, about half the cost of tariffs have been passed on to consumers, and about half have been absorbed by lower profit margins for import-using American firms. libertystreeteconomics.newyorkfed.org/2025/06/are-...

Fed Governor Cook declared her Atlanta property as “vacation home,” documents show: “Cook’s declarations on loan, job-vetting forms appear to undercut fraud claims.” Via Reuters

"A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters." www.reuters.com/world/us/fed...

A beautiful piece here from Brendan about surviving on 9/11

i know there's a lot going on and everything is terrible but this quote has given me the giggles: “Even a wounded lion is still a lion. And the lion isn’t mortally wounded. He will heal. And when he’s fully back, that lion is worth a lot more money.” www.bloomberg.com/news/article...

Feel like these used to be trailing indicators

Exclusive: Bill Pulte accused Fed Governor Lisa Cook of fraud. His relatives filed housing claims similar to hers. Via Reuters

“”But when push comes to shove, someone who isn’t generationally wealthy probably cannot buy a property in New York City.“ In seven years of working in the industry, Schwartz has yet to see a first-time homebuyer who can close on a property without their parents’ help.” nymag.com/intelligence...

Great column from @triofrancos.bsky.social www.ft.com/content/6ff9...

my efforts to pitch at least 2000 words on Sandra Boynton's works -- with Robert Christgau-style reviews of everything from Barnyard Dance to Snuggle Puppy -- have failed so far

This really was excellent and clear-eyed about SCOTUS as the source of Trump's attack on central bank independence.

I sat down with Columbia Law School’s Lev Menand, a genuine expert on the Fed, to talk through Trump’s effort to remove Fed Governor Lisa Cook - and its implications for both Fed independence & what remains of the separation of powers www.nytimes.com/2025/08/27/o...

The US president has said he will remove the central banker from her position, as he sharply escalates his attack on the central bank on.ft.com/41ptOM6

5. However, a recent SCOTUS decision, U.S. v. Skrmetti, opened the door to medical discrimination against transgender people. The administration, likely emboldened by that ruling, appears to believe it can now strip gender-affirming care coverage. www.erininthemorning.com/p/scotus-all...

4. The move appears to directly contradict longstanding interpretations of Section 1557 of the Affordable Care Act, which prohibits healthcare discrimination on the basis of sex. Under previous admins, this provision has been used to mandate coverage of gender-affirming care for transgender people.

1. In an alarming move, the Trump administration has banned trans coverage for federal employees and their families, including youth and adults. It mandates faith-based conversion therapy coverage. It is one of the largest removals of coverage in the US. Subscribe to support our journalism.

God this is good www.ft.com/content/db8f...

Seriously this is the most useful single table I’ve seen for summarizing what just happened to US clean energy tax credits. It is a beast. heatmap.news/politics/obb...

The One Big Beautiful Bill Act has transformed US clean energy policy, gutting EV & solar/wind incentives. But it’s not just a repeal of the Inflation Reduction Act. My new story debuts a new CHEAT SHEET tracking how it changes the past 20 years of clean energy policy heatmap.news/politics/obb...

Bessent as America’s investment banker www.ft.com/content/1914...

Secretary Scott Bessent's faith in stablecoins and conversations with the crypto industry have informed his decision-making about Treasury issuance www.ft.com/content/1914...

I find this argument pretty persuasive: www.newyorker.com/culture/open...

Turns out that George 'six jobs' Osborne is also a high end vice presidential travel planner on.ft.com/3UuNBG2

USAID funded roughly half the world’s supply of ready-to-use therapeutic food. The dismantling of the agency has disrupted the global supply chain that provides the packets, leaving thousands of malnourished children at risk of dying.

A dispatch from our newsroom: "Two colleagues have already made the move (John and Eric: you are leaders among men). Chaos has not broken out. No one seems offended by the appearance of a few masculine knees. And still I hesitate. They are younger men with better legs." www.ft.com/content/183d...

George is on an absolute tear reporting on the financial schemes popping up now on a daily basis. This is his latest: www.ft.com/content/61ab...

when they close it all up, I do believe this will go down as the funniest video on the internet

And here is Rick Rieder’s recent column on his view on the current state of play in markets www.ft.com/content/7030...

“The traffickers are loving it,” said Susan Lieberman, vice-president of international policy at the Wildlife Conservation Society, a big US funding recipient. “With fewer restrictions, they think: ‘No one will catch us, so let’s go for it.’” www.ft.com/content/8339...

BBC International Editor Jeremy Bowen has confirmed that the entire Al Jazeera team in Gaza City has been killed.

Today is the 47th anniversary of this clearly unimprovable photo, from a story so absurd that it shouldn’t be true, but is: the day a team of workers from British Waterways pulled the plug out of the Chesterfield Canal, and all the water emptied out

Donald Trump’s attack on US labour statistics agency spooks investors-Executives and economists told the Financial Times the unprecedented move against the Bureau of Labor Statistics would erode… www.ft.com/content/bec5... @kateduguid.bsky.social @financialtimes.com

Our reporting from April relevant again www.ft.com/content/a815...

Also in my scoop-filled wind feature today in @heatmap.news Anti-wind advocates and renewables supporters alike say the Trump team is laying the groundwork to potentially rescind permits held by wind projects that are *currently providing electrons to the grid* #greensky #energysky

exuberance indicator erl.store/collections/...

“Regaining the trust will be harder than giving it up" Investors warn Trump’s decision to sack the head of a top statistics agency will undermine investor confidence and hamper monetary policymaking By @kateduguid.bsky.social, James Fontanella-Khan and me www.ft.com/content/bec5...

Being called Kevin is this whole thing in France. www.theguardian.com/world/2022/a... Calling trains 'Kevin Speed' is probably fairly bizarre there as well, but this is where you need an actual French person to translate a lot more than language.

Called whatnow? on.ft.com/3H5oSoL

HUGE: The Trump administration will no longer permit any solar or wind projects on federal lands unless they produce more energy-per-acre than coal, gas or nuclear power plants. Solar and wind literally produce less energy per acre, so simply this may just kill off any project on federal lands.

an incredibly earnest and apolitical post for Vogue about what we lose if (when?) we lose public radio www.vogue.com/article/what...

"WASHINGTON, D.C. (August 1, 2025) – The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations" cpb.org/pressroom/Co...