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The impending retirement of millions of small business owners, primarily from the baby boomer generation, poses a significant challenge for the US economy. According to the Small Business Administration, there are approximately 33 million small businesses in the US, but fewer than 7 million employ people. The rest are often solo operations or side gigs with little to no value if the owner were to suddenly disappear. Many small business owners, like the author, operate in a service-based economy, which accounts for 77% of US GDP. These businesses are often built around the owner, with no hard assets to sell, making them unattractive to potential buyers. The author's own business is a prime example, with no valuable assets, a virtual office, and remote employees. A recent McKinsey report predicts a "great ownership transfer" over the next 10 years, with as many as 6 million small and midsize American businesses changing hands. However, without intentional action, many viable small businesses may close rather than transfer ownership. So, what are the options for these business owners? They could hand down the business to their kids, but this only works if the kids are interested and capable. Another option is to build an actual business with value by changing billing models, enforcing contracts, and creating a sustainable brand. However, this approach can be exhausting, especially for older business owners. A more practical approach for service business owners is to build cash and save for retirement. The author has been pulling profits out of their company and saving, planning for retirement through their savings rather than their business. This transition presents a great opportunity for younger entrepreneurs, who could partner with or purchase businesses from older owners, leveraging their existing operations, customers, and relationships to make improvements and grow the business.

The US Men's National Team (USMNT) faced a daunting reality check in their friendly match against Belgium, a 5-2 loss that exposed the team's ongoing struggles. The defeat, 12 years after their last World Cup loss to Belgium, raised questions about the team's progress.Mauricio Pochettino's side started strong, with Weston McKennie scoring in the 39th minute. However, Belgium responded with a methodical display of skill, scoring five unanswered goals. The USMNT's defensive vulnerabilities were evident, echoing their 2014 and 2022 World Cup exits.The loss served as a reality check for Pochettino and his team, highlighting the skill gap between them and top-tier opponents. Despite the disappointing result, Pochettino and winger Tim Weah saw the loss as an opportunity to learn and improve before the World Cup.Matt Turner, the USMNT goalkeeper, made several strong saves to prevent the score from being even worse. The team's naïveté and physicality were exposed by a Belgian team that cruised to World Cup qualification without losing a game.The loss felt revelatory, similar to their past World Cup knockouts. However, Pochettino and Weah emphasized the importance of learning from the experience and improving before the World Cup.

Robert F Kennedy Jr, the US health secretary, has unveiled a chaotic and unpredictable agenda for public health policy under his 'Make America Healthy Again' (Maha) initiative. His approach tends to favor personal choice and autonomy over large-scale, mandatory public health interventions, such as childhood vaccine requirements.The Maha agenda has raised concerns over the potential risks associated with injectable peptide drugs. Mr. Kennedy plans to open up the sale of 'about 14' of these drugs to the public, despite the US Food and Drug Administration (FDA) restricting 17 peptides in 2023 due to 'potential significant safety risks'. None of these peptides have been proven to be safe or effective for human use.The peptides in question are often promoted for biological enhancement, such as increasing muscle mass or cognitive benefits, but the evidence for these effects in humans is thin. Reports of people self-administering peptide therapies, usually bought from China 'for research use only', are widespread, particularly in Silicon Valley.The Maha project wants to make the grey market the only market, effectively sanctioning mass public use of unproven treatments. Peptides are clearly drugs and shouldn’t be allowed for widespread use without rigorous clinical trials. Opening loopholes for sale would undermine the precautionary principle that has successfully led public health policy for generations.It is also worth noting that other governments are unlikely to be as cavalier as Mr. Kennedy about peptides. However, people everywhere will continue to call for more personal choice and more bodily autonomy, and those conversations are important. The case for safety, proof, and regulation must be made to ensure that public health policy prioritizes the well-being of individuals.

The Tate has made history by lending an LS Lowry painting to a school for the first time. The painting, 'Dwelling, Ordsall Lane, Salford', was displayed at the Lowry Academy in Salford for two days.The artwork, painted in 1927, shows a crowd of children on the corner of a bustling residential road and shines light on Lowry's belief that 'a street is not a street without people'.The physical presence of the painting has had a hugely positive impact on the school, teachers said. It has spurred a number of art, history, and English literature projects and led to careers workshops that may have set children on paths they had not thought about previously.Helen Legg, the director of Tate Liverpool, said that the loan was a significant event, highlighting the importance of making art accessible to young people. 'We want young people to come to our museums,' she said. 'They are their museums. But sometimes you need to make that invitation really explicit and that is what this is about.'The loan was welcomed by the culture minister, Ian Murray, who said that it was a great chance to inspire Salford's young people and ignite creativity.

The possibility of US ground troops being sent into combat on Iranian soil is growing, driven by President Trump's desire to avoid being personally and politically humiliated in a war he started, mismanaged, and cannot end. Such a self-serving escalation could prove catastrophic for Trump and the American people, given the history of US military interventions in the region.Trump insists that the war is all but won, Iran is suing for peace, and talks are making good progress. However, in the real world, Iran is still fighting on all fronts, Israel is still bombing, the Strait of Hormuz remains largely closed, and the Iran-allied Houthi militia in Yemen has joined the war, attacking Israel and potentially blocking Red Sea trade routes.The US and Iran have each issued maximalist demands, but there is no sign of actual negotiations. They are even further apart than they were before Trump, egged on by Benjamin Netanyahu, abandoned diplomacy last month. Sometime soon, Trump will be forced to confront the huge gap between what he wants and what's on offer. At that point, he could turn to the troop buildup in the Gulf and order ground attacks.It's incredible to think that after all the mortal agony and anguish of Iraq and Afghanistan, a US president is once again seriously contemplating boots on the ground in the Middle East. Trump's stumped, hoist by his own petard, stuck between a rock and a hard place, and up the creek without a paddle. The creek in question is, of course, the Strait of Hormuz.Trump is increasingly isolated and out on a limb. His wealthy Arab business cronies no longer trust him. US bases on their territory now resemble a liability, not a defence. When he demanded NATO's help, Europe said: we'll let you know. Likewise, Iran's ethnic Kurds are less than keen to die for a muppet. Support for the war among the US public and the Maga right, always weak, is a fast-vanishing mirage.If Trump were to order ground attacks – both he and Netanyahu have publicly discussed the possibility – the targets would most likely be the coastal batteries, missile defences, and concealed armed speedboat bases dotting the northern flank of the Hormuz strait. An attack on the Kharg oil export terminal further up the Gulf is also predicted.The inherent, inescapable military risks are daunting. Casualties would be inevitable. Even if operations went well in the short term, questions would immediately arise about potential escalation when Iran counterattacked, expansion of the operational area, and duration of the occupation.

The childcare system in England is failing to meet its social purpose, with 75,000 childminders lost since the 1990s. While nurseries are often touted as the default childcare solution, they tend to concentrate in wealthier areas, leaving low-income families with limited options.Childminders, on the other hand, can operate in any neighborhood and provide flexible, wraparound care that suits parents working shifts. They have lower overheads and can be a more affordable option in deprived areas. However, without a plan to rebuild this vital workforce, children who need early years care the most will struggle to access it.The article argues that childminders are a crucial part of the solution to England's childcare crisis, but they have been overlooked in discussions about early years care. By supporting childminders, policymakers can help ensure that disadvantaged children receive the care they need to thrive.

Tottenham Hotspur have sacked manager Igor Tudor after just 44 days in charge, with the club struggling to avoid relegation from the Premier League. Tudor managed the team for seven games, securing only one point from his five league matches.The final straw came with last Sunday's 3-0 home defeat by Nottingham Forest, which left Tottenham one point and one place above the bottom three. A potential demotion to the Championship would be catastrophic for the club's prestige and revenues.Tudor's departure comes amid a backdrop of human tragedy, with the manager informed of the death of his father, Mario, after the Forest game. The club aimed to handle the situation with sensitivity towards the Croatian manager.Tudor's brief tenure included two Champions League matches against Atlético Madrid, with Tottenham ultimately losing 7-5 on aggregate. His time at Spurs began with a difficult period, including league defeats to Arsenal, Fulham, and Crystal Palace.The club has gone 13 league games without a win, their worst run since 1934-35 when they were relegated from the old Division One. Tudor's approach and tactics were questioned, particularly his decision to substitute goalkeeper Antonin Kinsky after just 17 minutes in the first leg against Atlético Madrid.Tudor had been tasked with bringing organisation, intensity, and competitive edge to the squad, but ultimately failed to achieve this. The club is now searching for a new manager, with Bruno Salter set to take training in the interim.

The concept of luck has long been shrouded in mystery, often attributed to chance or fate. However, behavioural neuroscience has made significant strides in uncovering the underlying mechanisms that govern luck. According to research, luck is not just a roll of the dice, but rather a complex interplay of brain chemistry and behaviour that can be influenced and cultivated.The neuroscience behind luck reveals that it operates through identifiable patterns of brain chemistry and behaviour. Studies have shown that the consistently lucky are not blessed by fate, but rather, they possess a unique set of habits and characteristics that enable them to capitalize on opportunities and navigate challenges more effectively. Brain imaging techniques have even identified specific regions of the brain that are activated when individuals perceive themselves as lucky, shifting their perception from threat-detection mode to opportunity-recognition mode.Serotonin production, regulated by morning sunlight, tryptophan-rich foods, and a regular sleep-wake cycle, plays a critical role in determining one's luck. Individuals who prioritize these factors are more likely to experience a boost in serotonin levels, which in turn, enhances their mood, social confidence, and resilience. Conversely, those who lead erratic lifestyles and neglect these factors may find themselves chronically sleep-deprived and less likely to encounter fortunate events.Lucky individuals also tend to possess a clear awareness of their interests and passions, which guides their decision-making and behaviour. By following their 'fascination compass', they are more likely to stumble upon opportunities and experiences that align with their values and goals. Novelty-seeking and a willingness to take calculated risks also characterize lucky individuals, as they understand that each small departure from routine can be a ticket to new experiences and encounters.Generosity and a willingness to help others without expectation of return are also key characteristics of lucky individuals. Brain imaging studies have shown that acts of genuine generosity activate the brain's deepest reward centre, releasing feel-good chemicals that reinforce positive behaviours and build social capital. By investing in others and cultivating meaningful relationships, lucky individuals create a network of opportunities and support that can help them navigate life's challenges.In conclusion, luck is not just a matter of chance, but rather a complex interplay of brain chemistry, behaviour, and habit. By understanding the underlying mechanisms that govern luck and incorporating these insights into daily life, individuals can increase their chances of experiencing fortunate events and leading a more fulfilling life.

Kimi Antonelli, driving for Mercedes, dominated the Japanese Grand Prix to become the youngest driver to lead the Formula One world championship at just 19 years, six months, and 28 days old. Antonelli's victory was marked by a confident drive, where he overcame a difficult start to secure a second consecutive win. He started from pole but dropped to sixth at the start, only to regain the lead after a well-timed safety car period gave him a free pit stop. Oscar Piastri of McLaren finished second, 13.722 seconds behind, with Charles Leclerc of Ferrari taking third place. Meanwhile, George Russell, Antonelli's teammate, had a challenging race, finishing fourth but now trails Antonelli by nine points in the championship standings. The race was not without incident; a major crash involving Oliver Bearman resulted in a safety car deployment, which proved pivotal in Antonelli's victory. Bearman, who was lucky to escape uninjured, suffered a 50G impact and was taken to the medical centre with a right knee contusion. Antonelli's performance not only secured his second win of the season but also marked a significant milestone in his career, as he broke Lewis Hamilton's record as the youngest driver to lead the championship since 2007.