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The U.S. debt tops a record-shattering $40 trillion. Yes, with a T.
The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That’s leading nervous investors to demand higher interest rates —pushing up borrowing costs for everyone else.
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Vertical Video Economy Worth $150B, Even Without China – Owl & Co Report
A new report from Owl & Co, published on 19 August 2026, puts the value of the global “vertical video” economy at $150 billion this year, a figure that excludes China despite the format having originated there. The research firm, founded by former Wondery boss Hernan Lopez, says it is the first study to size…
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Europe’s Citric-Acid China Test
The Week of August 9, 2026: The EU’s China trap, defense, tax, inflation and much more.
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Reform says we need to choose between climate and economy. It’s wrong | Larry Elliott
Larry Elliott criticises Reform UK deputy leader Richard Tice for dismissing concerns about the UK’s record summer temperatures, arguing that Tice’s suggestion to simply “enjoy” the heat rather than act on climate change is both callous and economically illiterate. The piece argues against the framing, pushed by Reform and echoed to some extent by the…
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US treasury doubles debt buyback to steady bond market amid inflation fears
The US Treasury has doubled the amount of government debt it buys back, aiming to stabilise the bond market after long-term yields surged to multi-decade highs amid mounting inflation concerns. The move matters because treasury yields underpin borrowing costs across the economy, including mortgages, so a rapid rise threatens to squeeze households and businesses even…
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Federal $25 minimum wage mandate would destroy nearly 5M jobs, hit booming Sun Belt hardest: study
A new study from the Employment Policies Institute has warned that a proposed federal minimum wage of $25 an hour would eliminate nearly five million jobs across the United States, with fast-growing Sun Belt states bearing the brunt of the losses. Rebekah Paxton, research director at the institute, told Fox News Digital that states which…
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Will AI give you the job? Automated hiring tools spark discrimination and secrecy lawsuits
A growing wave of US lawsuits is challenging the use of artificial intelligence in hiring and firing decisions, with critics arguing the technology enables discrimination while operating without transparency or accountability. Product manager Erin Kistler is leading a class action against Eightfold AI, a hiring software maker used by hundreds of companies including PayPal, Microsoft…
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Angela Rayner defends raking in thousands of pounds in speaking gigs… despite previously saying MPs shouldn’t have second jobs
Angela Rayner has defended earning thousands of pounds from paid speaking engagements, despite previously arguing that MPs should not hold second jobs. The row highlights a recurring tension in Westminster over politicians’ outside earnings, with critics accusing her of inconsistency given her earlier public stance on the issue. Details of the specific sums involved and…