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Jamie Dimon, chairman and chief executive of JPMorgan Chase, used his highly‑watched annual letter to shareholders to press the White House to strengthen economic cooperation with U.S. allies, warning that a decline in shared prosperity could produce "truly adverse consequences" for democratic nations.His message arrives as the Iran‑Israel conflict enters its sixth week, a war that has already rattled global energy markets. Economists cited in the letter caution that prolonged fighting could push oil prices above $170 a barrel, a level capable of triggering a worldwide recession.Dimon’s appeal is widely read as a thinly‑veiled rebuke of President Donald Trump. Earlier this year, Trump filed a $5 billion lawsuit against Dimon and JPMorgan, accusing the bank of “de‑banking” him. The timing of Dimon’s comments—just days after Trump’s aggressive rhetoric urging foreign governments to "go get your own oil"—underscores the growing rift between the bank’s leadership and the administration."Economic weakening of the world’s democracies or a fragmentation of their economic bonds could lead to truly adverse consequences," Dimon wrote. He warned that adversarial states aim to make allies less dependent on the United States, potentially turning them into economic “vassals” of hostile regimes.Beyond geopolitics, Dimon highlighted the broader macro‑economic outlook. He warned that the war could generate "sticky" inflation, higher commodity prices, and disrupted supply chains, which together may force interest rates higher than markets currently anticipate. He echoed other economists in warning that inflation could rise rather than fall in 2026.Despite these challenges, Dimon expressed optimism about the U.S. economy, affirming his belief that "the American Dream is alive." He also turned to emerging technology, noting that artificial intelligence could deliver breakthroughs in healthcare, manufacturing, and safety, ultimately shortening the work week and extending life expectancy.Dimon’s annual letter—spanning nearly 50 pages and more than 20,000 words—remains a barometer for Wall Street sentiment. In it, he also critiqued the administration’s tariff policy, arguing that while tariffs have forced renegotiations, a comprehensive foreign‑economic strategy should promote growth both for the United States and its partners.As transatlantic relations strain under soaring energy costs and divergent trade policies, Dimon’s call for a coordinated economic front underscores a pivotal moment: the United States must decide whether to lead a cohesive democratic coalition or risk ceding influence to autocratic powers.

Raiders of the Lost Ark (1981) continues to serve as a cinematic comfort food, delivering a relentless parade of perils—jungle treks, venomous creatures, double‑crossing allies, and larger‑than‑life set‑pieces—while never losing its playful spirit.The film’s charm lies not only in its nonstop thrills but also in a deep‑seated nostalgic longing for an imagined era when “the good guys always won.” Its creators—George Lucas, co‑writer Philip Kaufman, and director Steven Spielberg—crafted an homage to the 1930‑ and 1940‑year‑old serial B‑movies they grew up watching, such as Buck Rogers and Zorro’s Fighting Legion. Those serials, broken into bite‑size chapters before the main feature, taught a formula of relentless action that Raiders replicates with modern polish.Beyond childhood reminiscence, the film offered early‑1980s America a respite from the lingering shadows of the Vietnam War and Watergate. By resurrecting the mythic Greatest Generation—who triumphed over the Great Depression and World War II—the movie positioned its hero, Harrison Ford’s Indiana Jones, as a symbol of moral clarity in a time of “great moral obscurity,” marked by political turmoil, economic recessions, and the so‑called “war on terror.”For many viewers, the experience of watching Raiders on weekend television added another layer of comfort. The film’s frequent rotation on cable and syndication turned it into a ritual: a lazy Sunday, a remote‑controlled channel‑surf, and the inevitable arrival of Indy battling Nazis or escaping deadly traps. That sense of surrendering control to the “all‑knowing cable programming gods” amplified the film’s soothing effect.Ultimately, the story’s resolution—where a divine‑like intervention saves Indy and Marion—mirrors the audience’s desire for reassurance that, no matter how chaotic the world, a protective force is watching over us.Available for streaming on Paramount+ (US), Now TV (UK), and Disney+ (Australia).

Utah has enacted a law that effectively shields fossil fuel companies from legal accountability for climate damages. The legislation, signed by Republican Governor Spencer Cox, limits the ability of residents to sue these companies for their role in contributing to climate change. The new law is part of a broader effort by the fossil fuel industry and its allies to secure legal immunity in statehouses and Congress. This push is aimed at countering a wave of litigation filed by states, subnational governments, and individuals who claim that fossil fuel companies knew their products would cause climate damages but sold them anyway. Critics argue that the law prioritizes profits for the biggest polluters over communities already suffering from climate impacts. The law requires challengers to provide 'clear and convincing evidence' that damage or injury has resulted directly from a violation, making it virtually impossible to successfully sue polluters for climate damages. The legislation was sponsored by Republican Representative Carl Albrecht, who has received funding from oil and gas interests. Albrecht's ties to the industry have raised concerns about the bill's motivations. The law closely mirrors a model policy called the Energy Freedom Act, circulated by the conservative group Consumers Defense, which has financial ties to a group linked to Leonard Leo, a key figure in the far-right takeover of the Supreme Court. The passage of Utah's law comes as climate lawsuits against big oil companies are inching closer to trial. Seventy cities, states, and individuals have sued energy majors for allegedly deceiving the public about the climate crisis. New York and Vermont have also passed climate 'superfund' laws requiring major polluters to pay for damages caused by their past planet-heating pollution. Lawmakers and advocates have amassed evidence that oil companies intentionally covered up the climate harms of their products. Climate science continues to warn that fossil fuels are the primary cause of dangerous global warming. Critics argue that the fossil fuel industry is pushing for immunity because it knows it cannot win on the merits of its case.

The United Kingdom’s new inheritance tax framework for agricultural holdings and family enterprises takes effect on Monday, and accountants warn it will create significant challenges for those affected.After the government’s October 2024 proposal to impose inheritance tax on farms sparked nationwide protests, ministers responded in December 2025 by raising the tax‑free threshold from the originally planned £1 million to £2.5 million per individual.Under the revised rules, the first £2.5 million of combined farm and business assets will continue to enjoy 100 % relief from inheritance tax, while any value exceeding that amount will receive only 50 % relief. Each heir is allocated a personal allowance of £2.5 million.Elsa Littlewood, private‑client partner at BDO, described the rollout as a watershed moment for the farming and family‑business community. She acknowledged the “welcome concessions” but stressed that the new regime represents a “significant departure” from previous policy, demanding earlier and more intensive succession planning.Littlewood highlighted that many farms are “asset‑rich but cash‑poor,” meaning the revised tax structure could force beneficiaries to liquidate land or other assets to meet inheritance‑tax liabilities. This risk underscores the need for owners to engage in proactive estate planning to preserve the long‑term viability of their enterprises.While the threshold increase was applauded by some sector representatives, critics argue the changes remain insufficient to quell rural anger, noting that only the largest estates will now face higher tax bills.

Renowned artist and stage designer Es Devlin is pioneering a unique approach to addressing AI ethics through her latest project, which combines ceramics and collaboration. At the AI and Earth conference organized by Devlin, a diverse group of artists, AI researchers, spiritual leaders, academics, and tech experts gathered at Oxford Kilns to discuss AI and create pottery.The conference, held in preparation for the opening ceremony of the Schwarzman Centre for the Humanities at Oxford University, aimed to foster dialogue and understanding among individuals with varying perspectives on AI. Devlin's approach emphasizes the importance of human connection and hands-on engagement in the digital age.Participants, including Alan Turing and Isaac Asimov, discussed the implications of AI on society, while Ethan Mollick introduced his concept of centaurs or cyborgs, describing how humans use AI for specific tasks or close collaboration. The event also featured a performance by the University Chamber Choir and a choral piece by Nico Muhly, inspired by the works of 17th-century theologian and poet Thomas Traherne.Devlin's installation, 360 Vessels, will be showcased at the Schwarzman Centre's opening festival, featuring 360 pots created by participants and the public. The project serves as a platform for exploring the intersection of technology, art, and human values.As Devlin noted, 'I am aware that my art and my words and my every choice, my presence, is being used to train the algorithms that concentrate wealth among a small number of individuals, and, in spite of this – however confusing, however painful – I would like to try to stitch my digital shadow back on to my feet and dance with it myself, and invite others to dance with it too.'

Mayor Claudia Kalisch, vice‑president of the German Federation of Cities and leader of the Green‑party city of Lüneburg, announced a push for a nationwide ban on night‑time use of robotic lawnmowers. The proposal aims to curb injuries and deaths among hedgehogs and other small nocturnal animals that frequent residential gardens after dark.Recent research has highlighted that the fast‑moving blades of autonomous mowers pose a hidden danger to wildlife active between dusk and dawn. Hedgehogs, which often curl into a ball when threatened, are especially difficult for mower sensors to detect.Kalisch told the Funke newspaper group that urban green spaces have become critical refuges as development and intensive agriculture shrink natural habitats. She noted that petitions urging the ban have amassed tens of thousands of signatures earlier this year, reflecting broad public concern.In addition to legislative pressure, the mayor called on manufacturers to develop hedgehog‑friendly technology. She emphasized that industry responsibility is essential for protecting biodiversity and improving city life quality.The European red‑list classifies hedgehogs as "near threatened" since 2024, after a documented 30% population decline over the past decade. Beyond mower hazards, motorised leaf blowers, vacuums, and vehicle collisions—responsible for up to one in three fatalities—exacerbate the species’ decline across Europe.Scientists at the University of Oxford, in collaboration with Danish colleagues, recently demonstrated that hedgehogs can hear high‑frequency ultrasound, opening the possibility of sonic road repellers to deter them from dangerous areas. The same team has produced 3D‑printed, crash‑test dummy hedgehogs to work with manufacturers on a future certification scheme for "hedgehog‑safe" mowers.Study co‑author Anne Berger of Germany’s Leibniz Institute for Zoo and Wildlife Research warned that injuries from robotic mowers place an "enormous burden" on animal‑care centres, with many victims discovered days or weeks after the incident, enduring prolonged suffering.German law already protects hedgehogs, imposing fines of up to €65,000 for illegal trapping, injury, or killing. Several cities—including Cologne, Leipzig and Munich—have already outlawed night‑time mower operation. However, a recent attempt by the Greens to enact a statewide ban in Bavaria was rejected.

Progressive candidate Abdul El‑Sayed’s alliance with left‑wing Twitch streamer Hasan Piker has ignited a sharp rift within Michigan’s tightly contested three‑way Senate race, pitting establishment favorite Mallory McMorrow against a pro‑Israel coalition supporting Rep. Haley Stevens. McMorrow, backed by the Democratic establishment, the Anti‑Defamation League, the Trump administration, and prominent pro‑Israel figures, has condemned Piker as antisemitic and warned that his involvement could alienate voters still reeling from the recent Temple Israel synagogue attack. In contrast, El‑Sayed and Piker announced a joint rally last week, prompting McMorrow’s camp to label the partnership a political liability. Seven Arab American leaders interviewed by the Guardian argue that the attacks on El‑Sayed and Piker are both strategic missteps and moral blunders that repeat the mistakes that cost the Democrats in Michigan in 2024. Michigan houses the nation’s highest per‑capita Arab American population, anchored by a large Lebanese diaspora. The ongoing Israeli assault on southern Lebanon—displacing over 1 million civilians and destroying villages—has hit the community hard, with many families directly affected. "Arabs get the pressure and Israel gets compassion," said James Zogby of the Democratic National Committee, underscoring the perceived double standard. Arab American leaders contend that the Democratic focus on Israel while sidelining Lebanese and Muslim concerns could erode crucial voter support. Data from the 2024 election illustrate the risk: Kamala Harris lost Michigan by roughly 80,000 votes, with some analysts estimating that her pro‑Israel stance cost her an additional 100,000 votes. A Guardian analysis found a 22,000‑vote swing away from Democrats in the three cities with the largest Arab American and Muslim populations. National polling now shows a dramatic shift among Democratic voters: support for Israel’s war in Gaza has fallen to an all‑time low of 8%, while a majority favor an arms embargo on Israel. Piker, who commands a 3‑million‑strong Twitch audience, consistently voices sympathy for Palestinians and calls for an embargo, positioning himself as a bridge to younger, progressive voters. Despite the controversy, El‑Sayed maintains that winning requires dialogue with all constituencies, even those outside the progressive bubble, noting his recent appearance on Fox News. He warned that every dollar spent on what he calls an "illegal, unjustified war in Iran" diverts resources from schools, healthcare, and infrastructure in Michigan. As the 2028 election cycle looms, Arab American leaders caution that the Democratic Party’s handling of the Israel‑Palestine issue in this swing state could have lasting repercussions, potentially reshaping the party’s fortunes in the Midwest.

The US war on Iran has now entered its sixth week, with the conflict showing no signs of abating. What was initially touted as a 'precise, overwhelming military campaign' to eliminate 'an imminent nuclear threat' has instead become a protracted and costly endeavor. The war has resulted in rising costs for the US in military equipment and personnel, and has had a significant impact on energy markets, with forecasts of a potential global economic recession in the event of a prolonged conflict.The conflict has also highlighted the Iranian regime's capacity for asymmetric warfare, with the country deploying cheap drones and missiles to disrupt energy facilities and compromise economies in the Gulf region. The closure of the Strait of Hormuz, a critical waterway for global oil shipments, has also had a significant impact on the war effort, with the US and its allies struggling to reopen it.The US's failure to understand the Iranian regime's subjective complex dynamics has been a significant factor in the conflict's prolongation. The regime's ability to withstand pain and prolonged escalation without a clear scenario of military victory against a superpower has been underestimated, and its proxy groups, such as Hezbollah and the Houthis, have proven to be effective in advancing its interests and preventing outcomes that weaken or isolate it further.The conflict has also highlighted the diverging definitions of victory between the US and Iran, with the US seeking a swift and decisive victory, while Iran is focused on maintaining its viability on its own terms in the face of American hegemony. As the war continues, the question remains: how will this conflict end?

German coaches have long joked about “following your opponent into the loo”, a tongue‑in‑cheek reference to the old‑fashioned man‑marking system that once defined their defensive work‑rate. That approach resurfaced after Atalanta’s surprise Europa League triumph in 2024, but the tactic proved disastrous when the Italian side faced Bayern Munich in the Champions League round‑of‑16, suffering a 10‑2 aggregate defeat that highlighted its limitations against superior individual talent.While a few Bundesliga sides have begun to experiment with tighter marking again, the author warns that such a strategy can only serve as a short‑term surprise element – it cannot sustain a full 90‑minute match on a pitch that is simply too large for pure man‑to‑man battles.In contrast, Spanish teams continue to perfect a ball‑oriented defensive structure built on clearly defined positions, coordinated movement and a collective “swarm” that shifts the battle into the opponent’s half. This philosophy demands constant cooperation and tactical intelligence, turning one‑on‑one duels into moments of brilliance rather than the default defensive method.The results speak for themselves: Spanish clubs have captured 24 titles across the Champions League, Europa League and Cup Winners’ Cup since 2000, far outpacing England’s 11, Italy’s five and Germany’s four. Over the past twelve seasons, La Liga has supplied the Champions League winner in seven instances, and this year it again provides the most quarter‑finalists – Real Madrid, Barcelona and Atlético Madrid.Even when Spanish clubs are not the outright favourites, their influence permeates the competition. Managers such as Mikel Arteta and Luis Enrique, both products of the Barcelona coaching lineage, embed the Spanish style into English and French clubs respectively, while still adding their personal nuances.Spanish coaches now dominate the European scene: in the last‑16 stage of the three major tournaments, eleven managers are Spanish, more than double the count from any other nation, and three Spaniards are already represented in the quarter‑finals.Notable figures include Xabi Alonso, who halted Bayern’s dominance with Bayer Leverkusen, Unai Emery, who consistently elevates second‑tier clubs like Aston Villa, and Cesc Fàbregas, who is reshaping Serie A with Como. Even Pep Guardiola, after a rare Champions League exit, is reinventing his Manchester City side with fresh personnel and tactical tweaks, proving that even the most successful systems must evolve.At the national level, Luis de la Fuente has overseen Spain’s rise to European glory, guiding the senior side to the 2024 Euro title and adding two more continental crowns in the past five editions – a dominance unmatched since Germany’s golden era of the 1970s‑80s.By contrast, Italy’s historic football school appears to be in decline. No Italian club has reached this year’s Champions League quarter‑finals, and the national team failed to qualify for the World Cup for the third consecutive time, underscoring a widening gap between the Spanish and Italian models.The resurgence of man‑marking in Germany, even among elite defenders like Vincent Kompany at Bayern, hints at a possible tactical swing, but the author cautions that without a broader strategic framework it may prove as fleeting as the Atalanta experiment.Ultimately, the article posits that the Spanish coaching philosophy – a blend of technical excellence, positional discipline and collective intelligence – has become the benchmark for European success, leaving rivals to either adapt or risk obsolescence.