The question isn’t whether the mainstream economic consensus on inflation is right or wrong. It’s clearly wrong. The question is, can we do anything about it?
Review of Inflation: A Guide for Users and Losers by Mark Blyth and Nicolò Fraccaroli (W. W. Norton & Co., 2025)
President Donald Trump pulled out one of his favorite words as he threatened retaliation if the European Union were to admit Canada as an associate member. Trump told reporters Wednesday that he might respond with “serious tariffs” if Canada were to become integrated with the 27-member EU to a degree that he perceived would be hostile to the U.S. amid a trade war with its northern neighbor.
The House of Representatives voted 220–204 on Sept. 15 to direct President Donald Trump to remove U.S. armed forces from hostilities with Iran. All Democrats who voted were joined by seven Republicans, the largest Republican break with Trump on the conflict so far. The resolution is the third House attempt this year to invoke Congress' war powers and halt the U.S. military campaign.
Although the vote is significant, it does not immediately stop the fighting. The measure must still pass the Senate, where its prospects are uncertain, and the Trump administration has argued that Congress cannot use the War Powers Resolution to restrict the president's authority as commander in chief. Previous attempts have failed to produce a change in U.S. military operations.
The UK government is in discussions about joining a global investment bank, aimed at raising more money for defence spending
Chancellor John Healey is considering a bid to join the Defence, Security and Resilience Bank (DSRB), not long after his predecessor Rachel Reeves rejected the idea. Canada has been leading efforts to establish the bank, which supporters say would enable governments to borrow at lower costs to increase military spending.
Saudi Arabia has said that a drone launched by the Houthis towards Mecca has been intercepted and destroyed, in an escalation that could threaten the holy city. The Saudi-led coalition spokesperson, Turki al-Maliki, said Royal Saudi Air Defence Forces intercepted the hostile drone before it entered the restricted airspace on Tuesday evening.
“It was f**king crazy,” said one source familiar with the exchange between Trump and Rep. Joyce Beatty, whose lawsuit has prevented Trump’s name from being added to the building.
The Supreme Court has ruled against President Trump, rejecting his efforts to enact new mail-in voting restrictions for the midterm election.
The ruling released Monday by the high court means the U.S. Postal Service is expected to continue delivering ballots as usual.
Centre-left bloc led by Social Democrats has narrow lead with 95% of vote counted, but faces internal policy battle
Sweden’s political parties have launched coalition negotiations as the Social Democrats leader, Magdalena Andersson, started the long and difficult process of trying to form a new government. Full results from Sunday’s election are not expected until after overseas votes are counted on Wednesday, but with 95% of the votes counted, the Social Democrats and the centre-left bloc had a narrow but growing lead of 176 seats to the right-leaning parties’ 173.
KYIV, Ukraine (AP) — President Volodymyr Zelenskyy said Monday that Ukraine is ready to halt its strikes on Russian territory if allies can secure a genuine Russian commitment not to hit Ukraine's critical infrastructure. His comments came after U.S. President Donald Trump claimed in a social media post that Russia and Ukraine had agreed "not to hit" each other's energy infrastructure, though Trump did not offer further details on the purported agreement.
Jamie Dimon has warned since March that “the American Dream is alive, but it’s slipping out of reach for too many people—and for future generations.”
Six months later, JPMorganChase is pointing to a specific, dollar-quantified reason why: Millions of aging small-business owners are approaching retirement with no real plan for what happens to the businesses they built—and the dysfunction is only getting harder to ignore.
The nation’s highest court already is considering the administration’s appeal of an order by U.S. District Court Judge Indira Talwani in Boston prohibiting the Postal Service from enforcing its new rule on mail voting before this year’s midterm elections.
The European Space Agency is moving “full steam ahead” with development of a robotic mission to Venus after NASA officials determined they were unlikely to fulfill a commitment to provide a US-built radar instrument for the spacecraft, the mission’s project scientist said.
