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Economy Jun 01, 2026

The Common Good Economy: Mariana Mazzucato's Vision for Economic Transformation

Economist Mariana Mazzucato's new book 'The Common Good Economy' proposes a radical rethinking of e…
The LeadWhen Keir Starmer won a landslide Labour majority promising to pursue five governing "missions", the high-profile leftwing economist Mariana Mazzucato was credited as an inspiration. Two years on, her bracing new book helps shed light on why Labour in power has struggled to project the sense of direction that "mission-led government", as Mazzucato calls it, requires.A New Framework for Economic PolicySynthesising and extending her earlier work, here she proposes "a new economics of collective action around the common good". From this perspective, the economy is not a concatenation of rapacious independent forces, to be contained and offset by public policy, but a project – or rather a series of projects – with direction and purpose.The Five Principles of Common Good EconomicsThe "compass" in the title is really a set of five principles, all of which Mazzucato says such an economy should have: purpose and "directionality"; co-creation by citizens; collective learning; reward sharing; and accountability. Each of these principles is set out in detail. Co-creation implies grassroots participation in designing and redesigning government programmes, for example – because, "when people help define a problem and develop and implement solutions, they see them as theirs rather than something imposed on them".Reward Sharing and PredistributionReward sharing means ensuring the creators or rightful owners of economic value stand to benefit: from Indigenous people whose homes lie near raw material deposits, to social media users whose data fuels Big Tech's profits. That implies radical tax reform – including greater use of wealth taxes – and the robust use of conditions in public contracts, to make sure workers and taxpayers get their fair share: an approach she calls "predistribution".Critique of Labour's Economic ApproachAccording to Mazzucato's definition, Labour's attempt at mission-led government badly missed the mark. Its first and overriding goal – "kickstart economic growth" – cannot be a "mission" at all, because it lacks the necessary purpose. What, in other words, is that economic growth meant to be for? While her scope in this ambitious book is global, the analysis also dismantles Starmer's claim to be pursuing national "missions", by setting out just how radical – and radically different – that would look in practice.Practical Examples and Global Applications"The seeds of transformation are everywhere," she says, citing inspiring projects that range from delivering healthy and sustainable school meals in Sweden to the EU's mission to support cities to become climate-neutral, to the international Nagoya Protocol on sharing the benefits of genetic resources and traditional knowledge. Echoes of Mazzucato's mindset are detectable in some Labour policies – from using the threat of legislation to cajole pension funds to invest more in UK assets, to writing conditions on youth training into clean energy contracts.The Future of Economic DirectionEconomies work best, she believes, when they pursue grand collective goals – developing and distributing a vaccine for a pandemic; or confronting the climate emergency (or, though she doesn't lean on the example here, tooling up for a new and more frightening geopolitical era). We should ask, she says, "not which market failure do we want to be fixed, but what direction do we want the economy to sail in".
#Mariana Mazzucato #Labour Party #Economic Policy
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Sports Jun 01, 2026

Victor Wembanyama's Half-Court Masterpiece Spurs Spurs to Series Tie

Victor Wembanyama's stunning half-court buzzer beater in Game 4 of the Western Conference Finals pr…
The Lead: Buzzer Beater BrillianceVictor Wembanyama called for the ball with the San Antonio Spurs up by nine at the tail end of the second quarter. Down 2-1 in the Western Conference Finals to the Oklahoma City Thunder, building the lead in the final seconds of the half felt urgent. With only enough time to reach half-court before the clock forced him to shoot, Wembanyama hoisted the ball into the air from 43 feet. The buzzer sounded as the ball slammed cleanly into the basket, a moment that would help propel the Spurs to a 21-point victory and tie the series.The Technical Breakthrough: Beyond the Three-Point ShotThe buzzer-beater brought to mind the long three Wembanyama hit in Game 1, which forced a second overtime when the Spurs were struggling for offense and on the brink of defeat. That shot was from a mere 32 feet but was executed under more pressure when other, safer options were available. Three-point shooting is not even the Frenchman's most potent skill. His repertoire includes remarkable moments like missing a tip-in, then correcting it with a backwards tap over his head, delivering spiteful blocks, and simply intimidating opposing players who might otherwise attempt to drive to the basket.The Series Dynamics: Thunder's Depth vs Wembanyama's BrillianceThrough four games of this postseason matchup, it seems clear that the Thunder are the better and deeper team. San Antonio's starters have narrowly outplayed Oklahoma City's, but the Thunder's bench has proven stronger by about five times that margin. The depths of Wembanyama's talents have been required just to keep this series competitive. In Game 1, Wemby produced a 41-24 double-double that had many wondering if the Thunder could do anything to stop him. Thunder's center Isaiah Hartenstein has offered the rejoinder, wrapping his 7ft 4in opponent in a buffet of bear hugs that evade referees' whistles, minimizing Wembanyama's ability to get into the paint.The Impact Analysis: A Precarious Path to VictoryThe Spurs have a path to victory here, but it remains precarious: Get herculean performances from Wembanyama, and just enough from everybody else. The Spurs' crucial offensive creators in De'Aaron Fox and Dylan Harper are compromised, while Devin Vassell and Stephon Castle are excellent on both ends but don't take over games. Wembanyama knows the deal, as evidenced by his ridiculous 32-footer to rescue Game 1. He took that long three-pointer with 19 seconds left on the shot clock out of necessity when his teammates' ability to generate offense was failing.The Future Outlook: Wembanyama's Unlikely TriumphsMore than anything, you can see how vital Wembanyama is to his team when he has to rest and his backup, Luke Kornet, comes in. Kornet is a perfectly good player who could start on the Lakers, but in this series, at this standard, he borders on unusable. The Thunder still outscored the Spurs by nine in Kornet's 13 minutes of playing time, while the Spurs won Wembanyama's minutes by twenty-nine. The Spurs are young and dealing with enough injuries, and the Thunder are a special enough team, that Wembanyama is the underdog. His triumphs can still feel unlikely, and are worth cherishing for as long as that's true.
#Victor Wembanyama #San Antonio Spurs #Oklahoma City Thunder
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World Wide Jun 01, 2026

Iran's IRGC Launches Retaliatory Strike Against US Forces

Iran's Islamic Revolutionary Guard Corps (IRGC) launched a retaliatory strike on a US base in respo…
The Retaliatory Strike Iran's Islamic Revolutionary Guard Corps (IRGC) says it launched a retaliatory strike on a base used by US forces that it claims was used for an attack on an Iranian communications tower. The IRGC Aerospace Force fighters targeted the airbase where the aggression originated, and the predicted targets were destroyed. The Escalation The attacks come after the United States said it carried out strikes on Iran this weekend in response to 'aggressive Iranian actions that included the shootdown of a US MQ-1 drone that was operating over international waters.' US fighter aircraft swiftly responded by eliminating Iranian air defenses, a ground control station, and two one-way attack drones that posed clear threats to ships transiting regional waters. The Fragile Ceasefire The attacks, the latest in several exchanges of fire in recent days, come as indirect negotiations between the US and Iran to formalize a fragile ceasefire that took effect in April continue. There have been mixed signals about whether the two sides are close to an agreement to extend the fragile truce. The Potential Memorandum of Understanding The two sides have reportedly been reviewing a potential memorandum of understanding (MoU) that would extend the ceasefire for a further 60 days and begin negotiations to end the war permanently. The MoU will state that shipping through the Strait of Hormuz is to be 'unrestricted,' meaning there will be no tolls, no 'harassment,' and that Iran will have 30 days to remove all sea mines. Iran's Response Iran's Foreign Ministry spokesperson Esmaeil ‌Baghaei said on Monday that any delay ⁠in ⁠the diplomatic process to end the war can ⁠be explained by a lack of trust, ⁠Washington's contradictory positions and Israel's attacks on Lebanon. Negotiations have started amid severe suspicion and mistrust, and the exchange of messages is taking place in ⁠this atmosphere. Trump's Statement US President Donald Trump said in a statement on his Truth Social platform late on Sunday, Tehran 'really wants to make a deal' and that whatever deal is reached will 'be a good one' for the US 'and those that are with us.' He lashed out at domestic critics for 'negatively 'chirping'' about his handling of the war but made no mention of the US strikes on Iran.
#Iran #US #IRGC
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Politics Jun 01, 2026

US Commentators Cenk Uygur and Hasan Piker Barred from UK over Israel Remarks

US political commentators Cenk Uygur and Hasan Piker have been barred from entering the UK due to t…
The Ban on Cenk Uygur and Hasan Piker US political commentators Cenk Uygur and Hasan Piker have been barred from entering the United Kingdom. British authorities cited their public comments about Israel as the reason for the decision. The Event Details Uygur, co-founder of The Young Turks, learned of the restriction while trying to board a flight to London. He was scheduled to attend the SXSW London festival and deliver a speech at Oxford University. Piker, a staunch supporter of Palestine and one of the internet's biggest political streamers, also had his UK visa revoked as he prepared to travel to the same event. The Reason Behind the Ban According to Uygur, British authorities told him he is considered "a serious risk to the public order" due to his criticism of Israel. He claimed that the government stated his comments about Israel's influence on the American government are antisemitic. Piker also stated that the UK used the terminology "not conducive to the public good" when denying him entry. The Impact on Free Speech The restrictions have sparked concerns about free speech and the influence of Israel advocacy organizations on public discourse. Piker stated that "Israel advocacy organisations have unbelievable amounts of power over what even the United Kingdom has to say and do; if you are an avowed anti-Zionist, your travel will be restricted." The Future Implications This incident comes weeks after British authorities barred US rapper Ye from entering the country, citing his history of anti-Semitic remarks. The decision has raised questions about the UK's stance on free speech and its relationship with Israel.
#Cenk Uygur #Hasan Piker #Israel
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World Wide Jun 01, 2026

US Strikes Iranian Sites as Iran Targets US Base Amid Ongoing War

The US military has struck Iranian military sites, prompting a response from Iran's Islamic Revolut…
The Latest Escalation in US-Iran Conflict The United States military says it has struck Iranian military sites, and Iran’s Islamic Revolutionary Guard Corps (IRGC) says it has targeted a US base in response, the latest in a series of exchanges as negotiations to end the three-month US-Israel war on Iran are conducted. US Actions and Iranian Response US strikes Iranian sites: The US military’s Central Command (CENTCOM) said it conducted “self-defense strikes” on Iranian radar and drone sites in the city of Goruk and on Qeshm Island at the weekend. Iran targets US base: The IRGC said it struck an airbase that was used for an attack on a telecommunications tower on Sirik Island, located in the southern province of Hormozgan, Iran’s Fars news agency reported. Diplomatic Efforts and Regional Impact Iranian Foreign Minister Abbas Araghchi: Iranian Foreign Minister Abbas Araghchi said Tehran is continuing to exchange messages with the US on a deal to end the war. Trump’s stance: US President Donald Trump described Iran as eager to reach an agreement, posting on his Truth Social platform that “Iran really wants to make a deal, and it will be a good one for the USA and those that are with us.” Kuwait intercepts missiles and drones: The General Staff of the Kuwaiti army said its air defences were “confronting hostile missile and drone attacks”. Israel pushes farther into Lebanon: Prime Minister Benjamin Netanyahu has ordered Israel’s military to push farther into Lebanon after Israeli forces made their deepest incursion into the country in more than 25 years. Hezbollah’s Actions and US Proposal Hezbollah downs Israeli drone: The Lebanese armed group said it shot down an Israeli Hermes 450 drone over the western sector of southern Lebanon using a surface-to-air missile on Sunday evening. Hezbollah strikes Israeli forces: Hezbollah also said its fighters fired a large number of rockets and artillery shells at Israeli forces on the eastern outskirts of the town of Yohmor al-Shaqif in southern Lebanon early on Monday. US proposes new plan: The US has put forward a proposal to de-escalate hostilities in Lebanon, a US official told Al Jazeera, adding that Secretary of State Marco Rubio held separate talks with Lebanese President Joseph Aoun and Netanyahu.
#Iran #US #Israel
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Sports Jun 01, 2026

Jai Hindley Makes History with Giro d'Italia Podium Hat-Trick

Australian cyclist Jai Hindley has made history by becoming only the second Australian to achieve t…
Australian Cycling History Made at Giro d'ItaliaJai Hindley has roared again in the "pinnacle of cycling", making history as just the second Australian to enjoy three overall podium finishes in Grand Tours as he rode home for a valiant third place in the Giro d'Italia. As new champion Jonas Vingegaard confirmed his place among the sport's all-time elite in Rome by completing his set of the three Grand Tour triumphs and dominating the 109th Giro with five magnificent stage wins, Hindley underlined why he is one of Australia's greatest.Hindley's Remarkable Comeback JourneyThe 30-year-old had been ill during the race, needing to take antibiotics in the second of the three weeks, yet recovered spectacularly to complete his own set of Giro podium finishes, having won in 2022, been runner-up in 2021 and now third. Only the great former Tour de France winner Cadel Evans has had more Grand Tour podium finishes among Australians, with five.The often unsung Perth rider Hindley said on the eve of the race from Bulgaria that he and his Red Bull BORA-hansgrohe team "aren't here to lick stamps". That was his 2026 version of his famous but bewildering affirmation "we're not here to put socks on centipedes" in the year he won. The translation was that he and his team weren't once again there to mess around, and after he proved stronger over the race than his talented young co-team leader Giulio Pellizzari to assume the role of main man, Hindley lived up to his promise."The second week was very hard for me, I was really quite sick. I even had to take antibiotics, but I seem to be back in time," Hindley had smiled after a remarkable third-week resurgence saw him move into third place overall on the 19th of the 21 stages.Australian Cyclists Dominate Final StandingsOn Sunday, the largely processional ride into the capital ended with Italian Jonathan Milan winning the final-stage sprint and Vingegaard clinching his fourth Grand Tour, having twice won the Tour de France and last year's Vuelta, where Hindley had signalled he was recovering his best form with a fourth-place finish. Hindley did suffer a mechanical mid-race on Sunday but swiftly got back to the peloton. He ended 6 minutes 25 seconds behind Vingegaard, and 1:03 behind runner-up, Austrian Felix Gall."I haven't had a good result in a Grand Tour for a long time, and to be fighting for the podium again was really nice," said Hindley. "For me, the Grand Tours are the pinnacle of cycling, and being competitive in them is what I train for."It was only the second Giro in a decade in which there wasn't a stage won by an Australian, following the early abandonments of the luckless Kaden Groves and Jay Vine with crashes, but, impressively, there were four Australian finishers in the top 17. Michael Storer (Tudor Pro) finished a career-best seventh at 10:13 down, Ben O'Connor (Jayco AlUla) was 16th at 24:12 and Chris Harper (Pinarello Q36.5 Pro) 17th at 30:43.Elevating Australian Cycling on World StageHindley's achievement places him among the elite of Australian cycling history, with only Cadel Evans boasting more Grand Tour podium finishes. His consistent performances across multiple Grand Tours demonstrate the growing strength of Australian cycling on the international stage. The presence of four Australians in the top 17 of the Giro d'Italia further highlights the depth of talent coming from Australia.Future Prospects for Australian CyclingWith Hindley establishing himself as a consistent contender in Grand Tours and younger Australian riders like Pellizzari showing promise, the future looks bright for Australian cycling. The country's ability to produce multiple top-tier cyclists suggests that Hindley's historic achievement may be just the beginning of a new era for Australian cycling excellence on the world stage.
#Jai Hindley #Giro d'Italia #Cycling
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Politics Jun 01, 2026

The Guest Documentary Exposes Perils of Protecting Refugees in Poland‑Belarus Border Zone

The Guardian review of the documentary *The Guest* spotlights the perilous conditions faced by refu…
Lead: A Personal Tale of Shelter Amid a Militarised BorderThe Guest follows a Polish family who open their home to Alhyder, a 27‑year‑old Syrian refugee, illustrating the daily danger in the Poland‑Belarus “danger zone”. The film reveals how political decisions have turned a humanitarian corridor into a lethal exclusion area.Documentary Unveils the 3‑km Polish Exclusion ZoneSince 2021, the Polish government has enforced a 3‑km strip along the Belarus border where migrants are seized and deported back to Belarus. The documentary captures constant military patrols, the ban on NGOs, and the covert network of locals providing food, clothing, and translation.Location: Small town in Poland bordering BelarusKey figures: Zvika Gregory Portnoy and Zuzanna Solakiewicz (directors)Subject: Alhyder, Syrian refugeeNumbers that Frame the Crisis27‑year‑old refugee at the centre of the story3‑km exclusion zone established in 2021Film released on 5 June on True Story platformHumanitarian Impact and Ethical ConcernsThe film highlights the bravery of “good samaritans” but also raises ethical questions after showing a deceased refugee’s body without clear consent. By focusing mainly on victimhood, the documentary risks reducing displaced people to statistics rather than full human narratives.Looking Ahead: Policy and AwarenessAs the documentary reaches international audiences, it may pressure EU and Polish authorities to reconsider the exclusion zone policy and improve humanitarian access. Continued media attention could spur NGOs to negotiate limited access or push for legal challenges against forced deportations.
#The Guest #Zvika Gregory Portnoy #Zuzanna Solakiewicz
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Sports Jun 01, 2026

Arsenal's Champions League Final Loss: Is This as Good as It Gets?

Arsenal's Champions League final loss to PSG raises questions about the team's future prospects. De…
The Harsh Reality of Penalty Shootouts The greatest lie ever told about penalty shootouts is that they are a lottery. This is a recognisable and trainable footballing skill, a test not just of ball-striking and placement but research, psychology, mettle under pressure. Arsenal's Unfortunate Loss Were Arsenal unlucky in Budapest, then? Once we sieve out the righteous rage and endless counterfactuals, the minor quibbles over major refereeing calls, Arsenal probably got what they deserved. To lose on penalties after making the defending champions sweat and fluster for 120 minutes is undoubtedly harsh. The Data Analysis Arsenal's style of football is geared explicitly towards narrowing the range of realistic outcomes, and then catching the breaks that remain. The team's tactics and gameplan largely brought them to this point. Arsenal's recruitment in the last few windows has put a premium on bolstering the back line, adding depth, bringing up the overall level of the squad rather than signing the electrifying X-factor players who can win a big game with a moment of brilliance. The Impact Analysis The gulf in resources is obviously a factor here, but so too the gulf in priorities. Clubs who can rely on the largesse of a state have much fatter margins for error. An expensive misstep on the scale of the Neymar/Messi/Mbappé fiasco would derail most clubs for a decade. Paris, on the other hand, can simply shrug it off and go again. The Prediction Future generations may marvel at Arsenal's fortune in reaching a Champions League final by beating Bayer Leverkusen, Sporting Lisbon and Atlético Madrid. Will the circumstances really be any more favourable for them next time? The window of opportunity at the very highest level is vanishingly small, contingent on luck as well as skill, and has no guarantees of coming again.
#Arsenal #Champions League #Mikel Arteta
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Business Jun 01, 2026

‘Cheap’ Stansted Parking Deal Leaves Driver £4,000 Out‑of‑Pocket

A traveler who booked a low‑cost meet‑and‑greet parking service at Stansted Airport was hit with a …
A traveler who booked a seemingly cheap meet‑and‑greet parking service at Stansted Airport ended up with a £4,000 repair bill, a reduced £250 parking charge and a £100 penalty, highlighting opaque contracts and weak consumer safeguards.How a ‘Cheap’ Meet‑and‑Greet Deal Turned Into a £4,000 BillThe driver used compareairportparkings.co.uk to arrange a short‑stay, off‑site service. After returning to the UK, the car was delayed for four hours, discovered to have been in an accident, and the airport issued multiple charges.Breakdown of the £4,477+ Charges£66 – initial booking fee (refunded by compareairportparkings)£477 – original parking ticket, reduced to £250 after negotiation£100 – breach of parking conditions notice (later cancelled as a goodwill gesture)£4,000 – estimated cost of repairing the smashed front of the vehicleConsumer‑Protection Gaps Exposed in Airport Parking MarketThe story reveals a tangled web of companies: Swift Meet and Greet, Airport Parking Deals, Travel Extra Deals (trading as compareairportparkings), Parking4u, Nation wide Parking and Safe Meet and Greet. Each entity used different names on contracts and receipts, making it nearly impossible for the customer to identify the responsible party. The police classified the dispute as a civil matter, while Essex Trading Standards declined to confirm any investigation, urging customers to contact Citizens Advice.What Travelers and Regulators Should Expect Going ForwardExperts advise booking directly through official airport websites and verifying reviews on independent platforms. The incident may prompt tighter scrutiny from trading standards and the Civil Aviation Authority, especially as consumer groups like Which? have already highlighted “airport parking cowboys”. Until clearer regulation is introduced, travellers should treat low‑price online offers with caution and retain all documentation for potential disputes.
#Stansted Airport #Travel Extra Deals #Which?
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