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Economy May 13, 2026

Your Burning 2026 Federal Budget Questions Answered – Video Breakdown

The Guardian’s video tackles the most common public queries about the 2026 U.S. federal budget, cla…
What the 2026 Federal Budget Aims to FundInfrastructure upgrades, including roads, bridges, and broadband expansion.Defense spending adjustments reflecting strategic priorities.Social programs such as Medicare, Medicaid, and education grants.Climate‑related investments and clean‑energy incentives.Key Fiscal Figures Highlighted in the VideoProjected overall federal outlays: roughly $5.2 trillion.Estimated deficit for fiscal year 2026: in the range of $1.4–$1.6 trillion.Revenue outlook: anticipated $3.6 trillion from taxes and other sources.Debt‑to‑GDP ratio expected to hover around 115 % by year‑end.Implications for Taxpayers and the EconomyPotential modest adjustments to income‑tax brackets to offset revenue shortfalls.Increased funding for low‑income housing and child‑care assistance.Long‑term debt trajectory could influence borrowing costs and inflation expectations.Infrastructure spending is projected to generate $200 billion in short‑term job growth.Looking Ahead: Potential Policy ShiftsCongress may debate additional revenue measures, including capital‑gains tax tweaks.Future budgets could prioritize climate resilience, reshaping energy subsidies.Monitoring the deficit trajectory will be crucial for Federal Reserve policy decisions.
#United States #Federal Budget #Treasury Department
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Politics May 13, 2026

Xi Jinping Expected to Press Trump on Taiwan, Tariffs Amid Regional Tensions

Chinese President Xi Jinping is expected to seek concessions on Taiwan and US tariffs during his su…
The Lead: A High-Stakes Diplomatic Encounter Chinese President Xi Jinping is expected to seek concessions on Taiwan and US tariffs when he meets United States President Donald Trump for a critical summit taking place in the shadow of the war on Iran. Trump's arrival in China marks the first trip by a US leader to the country since 2017, setting the stage for what could be a pivotal moment in US-China relations. The Taiwan Confrontation: Core Interest and Red Lines Unlike Trump's mercurial policymaking approach, Xi is widely seen as predictable in his goals for the summit, particularly concerning Beijing's "core interests" related to national security and territorial integrity. At the top of that list is Taiwan, which Beijing views as an inalienable part of its territory despite Taiwan's self-governing status. China has named Taiwan as the first of "four red lines" that "must not be challenged." In a call with US Secretary of State Marco Rubio last month, Chinese Foreign Minister Wang Yi described Taiwan as "the biggest risk in the China-US relationship." While analysts say it's unlikely the US will change its position on Taiwan due to Chinese pressure, Trump has indicated the summit will include discussions about the $14bn arms package approved by Congress for Taiwan. The Trade War Dynamics: Economic Uncertainty and Strategic Maneuvering Xi is also eager to smooth over US-China relations after a tumultuous 18 months that saw Trump launch a second trade war with the world's second-largest economy. The standoff saw both countries implement escalating tariffs and punitive measures, including export controls, before hitting pause in May. During their last meeting in South Korea in October, Xi and Trump agreed to a one-year reprieve in their trade war, though some trade measures remain in place. China is likely to agree to increase purchases of US agricultural exports and Boeing planes during the summit, but is unlikely to make concessions on rare earths—a sector it dominates—without major political trade-offs from the US. The Geopolitical Chessboard: Iran Conflict and Global Implications The US-Israel war on Iran will loom large over the summit. Although not a direct participant, China has been significantly impacted by the economic fallout of the conflict and the shutdown of the Strait of Hormuz, through which one-fifth of global oil and natural gas supplies typically pass. Beijing has consistently called for negotiations and a comprehensive ceasefire since the conflict began, a message Xi is likely to reiterate. Despite Trump stating he doesn't need China's "help" resolving the war, the White House has pressured Beijing to influence Iran to reopen the strait. China has maintained a "comprehensive strategic partnership" with Iran since 2016 and purchases more than 80% of its oil, though Xi is expected to limit China's role to mediation, consistent with its non-intervention foreign policy principle. The Future of US-China Relations: Strategic Adjustments and Long-term Planning For Beijing, the stakes are particularly high as its view of Trump has shifted from a "predictable transactional counterpart" to a "more action-oriented and harder-to-restrain opponent." Rather than securing immediate concessions, China's priority is "trying to adjust the current strategic position and negotiating pace that are unfavorable to it, and bring US-China interactions back into a framework that it can better control." Xi may also support Trump's plan to create a "Board of Trade" and "Board of Investment" to oversee US-China economic ties, as Beijing seeks predictability and certainty for the remainder of Trump's term through January 2029. This stability would allow China to plan its own economic policies with greater confidence, particularly regarding tariff levels and trade relationships.
#Xi Jinping #Donald Trump #Taiwan
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Politics May 13, 2026

Jensen Huang Joins Trump’s China Delegation, Highlighting US Tech Push

Billionaire Nvidia CEO Jensen Huang was added at the last minute to Donald Trump's high‑profile Chi…
Jensen Huang Added to Trump’s High‑Profile China DelegationJensen Huang, chief executive of Nvidia, joined Donald Trump's 36‑hour China trip after a reported last‑minute invitation, sitting with CEOs such as Elon Musk and Tim Cook for a meeting with President Xi Jinping.Summit dates: May 13‑14, 2026Key participants: CEOs of Nvidia, Tesla, Apple, Goldman Sachs and othersAgenda items: conflict in Iran, tariffs, Taiwan, and US‑China tech cooperationFinancial Stakes: $50 bn Market Target and Billionaire Net WorthHuang has repeatedly cited the Chinese market as a $50 bn opportunity for Nvidia’s AI chips. His personal fortune surged to $191.5 bn, briefly placing him among the world’s top seven richest people, while his 2026 compensation fell to $36.6 m after a stock‑price correction.Net‑worth: $191.5 bn (based on 3 % Nvidia stake)Compensation 2026: $36.6 m (‑27 % YoY)China market potential cited: $50 bnImplications for US‑China Tech Relations and AI CompetitionThe inclusion of a leading AI hardware maker signals Washington’s intent to leverage private‑sector expertise in diplomatic talks, aiming to “open up” China for American tech firms. It also raises questions about the optics of blending corporate influence with foreign policy amid ongoing tensions over AI dominance.What the Summit Could Signal for Future Tech DiplomacyAnalysts expect the summit to set a precedent for more frequent “business‑state” delegations, potentially accelerating joint research agreements or, conversely, prompting stricter export controls if negotiations stall. The outcome may shape the pace at which US AI firms gain market access in China and influence broader geopolitical strategies.
#Nvidia #Jensen Huang #Donald Trump
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Entertainment May 13, 2026

The Harder They Come: How a Jamaican Classic Captured 70s Culture and Conquered the Stage

The Harder They Come, a groundbreaking reggae musical based on the 1972 Jamaican film, returns to t…
The Cultural Phenomenon Returns On a chilly morning at a Silvertown studio behind London City airport, the sunburst intro to Jimmy Cliff's The Harder They Come is on repeat. Dancers run through a routine studded with reggae and dancehall moves. "Get high," commands associate choreographer Neisha-yen Jones with a smile. "Get low!" The ensemble rise and dip. They do the bogle and whine around each other as their watchful director Matthew Xia nods along. They circle Natey Jones who breaks out the opening line: "Well, they tell me of a pie up in the sky." In the distance, a plane leaves the ground. From Film to Theatrical Celebration It's eight months since The Harder They Come's full-throttle takeoff at Stratford East, where the musical was so popular that it is now returning for a second run which will also serve as a eulogy for Cliff who died in November. Playwright Suzan-Lori Parks' adaptation of Perry Henzell's 1972 Jamaican film is bolstered by a handful of her own songs as well as classics including Israelites and Wonderful World, Beautiful People – plus every number on the film's monumental soundtrack. Jones is reprising the role of Ivan (played on screen by Cliff and inspired by real-life outlaw Rhyging), who arrives in Kingston from the country and is dismissed and exploited, before becoming both a hit singer and a fugitive. The Evolution of a Cultural Narrative The original was akin to cinéma vérité, directly evoked spaghetti westerns and veered into blaxploitation territory; Ivan's tale has gained greater warmth, humour and protest spirit on stage. It was the best musical I saw in 2025. "The story is a tragedy but the theatrical event is a celebration," says Xia of his production. Twenty years ago, the film was adapted as a musical with a book by Henzell, also at Stratford East. "It all started at Ivan's Nine Night," Xia recalls. "There was a massive poster of Ivan on the wall, with everyone coming, and it was told in retrospect with vignettes." Choreography and Cultural Connection Shelley Maxwell, recently arrived from Jamaica, was watching the musical in the audience one night and has since become the choreographer of the new production. She has fused the folk dance forms of revivalism and pocomania, learned in her childhood, with reggae, dancehall and moves that today's teenagers can recognise. "I wanted to tap into the youth market," she says. It's brought some enthusiastic feedback from audience members who may not know the film. "Like: 'Oh my God, they did that step I always do at a party!' It allows them to form a connection." Authenticity and Cultural Representation Xia, wearing trainers in the Jamaican flag's colours, and Maxwell, whose tracksuit has the same black, green and gold trim, were intent on instantly transporting their audience to Kingston. The opening, says the director, is an "establishing shot" with characters coming and going on Simon Kenny's magnificent multi-level set, accompanied by Toots and the Maytals' hit Funky Kingston. To borrow from its lyrics, you really can believe everything they do. Even each move in the dominoes game we see is scripted, explains Maxwell, who mapped out the market scene with precision: "Where are you going to? How heavy is the item that you're holding? This is the swing of the hips." Social Commentary Through Performance Xia, whose father came to England from Jamaica in the 1970s, praises the freewheeling realism of the film. "Lots of the background performers are just whoever happened to be in the market that day, or walking through the shantytown. Lots of the actors were people that Perry knew, they had no training." Henzell, says Xia, showed "the part of Jamaica that had always been hidden, people living hand to mouth". The musical depicts a "quartet of oppression" against Ivan, as he takes a stand against individuals representing hypocrisies of the church, law, drugs trade and music industry. Universal Themes and Contemporary Relevance The Harder They Come was both a pioneering example of independent film-making for Jamaicans and a portrait of a newly independent country. Maxwell, who grew up glued to Hollywood musicals, says it was empowering to discover a film full of the Jamaican songs she loved. "I was probably way too young when I saw it. But what I saw was the world around me." She traces how different forms of music played a pivotal part in the country establishing its identity, moving from African forms and American R&B; to mento, ska, rocksteady, reggae and the rise of Bob Marley and Jimmy Cliff. Maxwell captures that chain reaction with a tantalizing question: "What's this groove becoming?" Transforming the Narrative for Modern Audiences The musical also makes its hero's actions more understandable. "In the film, Ivan becomes a kind of wanton murderer," says Xia. In the musical, "he accidentally shoots a police officer when he's under threat, is remorseful, yet also knows that if he gives himself in then that's the end of his journey". Another significant change is the depth given to the principal women – Ivan's mother Daisy and Elsa, with whom he falls in love under the eye of her authoritarian guardian, the preacher. "The moral heart of the piece now resides in those two women," says Xia. Maxwell transforms a brief sequence from the film, in which Ivan imagines a tryst with the devout Elsa, into a floor-trembling set piece when the preacher's congregation lose their robes to indulge in lustful fantasy. The male gaze of the original scene is duly excised: "it had to be like it was both of them in partnership in that fantasy world," says Maxwell, who adds that the nature of dancehall – "grinding, gyrating on another body" required her to use her skillset as an intimacy director.
#The Harder They Come #Jimmy Cliff #Jamaican culture
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Sports May 13, 2026

Ted Lasso Actor Cristo Fernández Signs with El Paso Locomotive FC

Cristo Fernández, actor from the hit Apple TV+ show Ted Lasso, has signed a professional contract w…
The Unlikely Footballer's Professional Debut Cristo Fernández, known for his role as Dani Rojas in the hit Apple TV+ show Ted Lasso, has taken his passion for football from the small screen to the professional soccer pitch. The 35-year-old actor has signed a contract with El Paso Locomotive FC, a team in the USL Championship, the second tier of American soccer. Fernández's Football Background Fernández's journey in football began in Mexico, where he played youth football before a knee injury forced him to step away from the sport at the age of 15. Despite his acting career taking off, Fernández continued to pursue his football dreams. This year, he trained with the Major League Soccer side Chicago Fire's reserves. The Road to El Paso Locomotive FC Before joining El Paso Locomotive FC, Fernández had a two-month trial with the club, which included a pre-season appearance. His determination and passion for the game caught the attention of the team's head coach, Junior Gonzalez. Fernández's addition to the roster is seen as a significant boost, adding another attacking threat to the team's forward line. What's Next for Fernández? El Paso Locomotive FC, founded in 2018, currently sits fourth in Group B of the USL Championship standings. With Fernández on board, the team aims to continue growing its positive culture and making strides in the league. For Fernández, this opportunity marks a new chapter in his life, one where he can combine his love for football with his experience as a professional athlete.
#Cristo Fernández #Ted Lasso #El Paso Locomotive FC
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Sports May 13, 2026

Wembanyama's Dominant Return Spurs San Antonio to 3-2 Series Lead Over Timberwolves

Victor Wembanyama returned from suspension with a dominant 27-point, 17-rebound performance to lead…
The LeadVictor Wembanyama returned from suspension with a dominant performance, scoring 27 points and grabbing 17 rebounds to lead the San Antonio Spurs to a commanding 126-97 victory over the Minnesota Timberwolves. The win gives the Spurs a 3-2 lead in their Western Conference semifinal series, positioning them one win away from advancing to the conference finals.The Wembanyama RedemptionWembanyama's return was highly anticipated after he was ejected in Game 4 for elbowing an opponent, which resulted in an automatic suspension. The young star expressed his eagerness to return, saying "Very, very much" when asked how anxious he was to get back on the court. He delivered in spectacular fashion, scoring 16 of the Spurs' first 24 points and finishing with a double-double in just the first half alone (21 points, 11 rebounds)."I think one thing, the one word I'd like to use, just 'mature,'" Spurs coach Mitch Johnson said of Wembanyama. "There's a lot that's happened in the last 48 hours, in the last game, and I think how that young man came out tonight and played in a variety of ways, in a variety of situations, not just in terms of his production, was extremely mature and then defensively, start to finish."The Statistical BreakdownThe Spurs received balanced scoring beyond Wembanyama's performance:Keldon Johnson: 21 points off the benchDe'Aaron Fox: 18 pointsStephon Castle: 17 pointsDevin Vassell: 12 pointsDylan Harper: 12 points, 10 reboundsFor the Timberwolves, Anthony Edwards led with 20 points, while Jaden McDaniels and Julius Randle each had 17 points. Ayo Dosunmu contributed 16 points and Naz Reid added 12.The Spurs led by as many as 18 points in the second quarter before settling for a 12-point advantage at halftime. After Minnesota tied the game at 61-all early in the third quarter, San Antonio responded with a 30-12 run to take control of the game.The Series ImplicationsThis victory gives the Spurs significant momentum and a 3-2 series lead. The team showed resilience and maturity, particularly from their young star Wembanyama, who channeled his frustration from Game 4 into a dominant performance."We played with the appropriate fear, discipline, execution, physicality, poise," Spurs coach Mitch Johnson said. "And I thought we had it from an array of people tonight, and it was really good to see. We needed everybody, because at different moments of the game, different guys stepped up."The Timberwolves, meanwhile, struggled with consistency, particularly on defense. "We went away from what was working, and then, you know, defence just cratered," Timberwolves coach Chris Finch said. "In the last six minutes of the third quarter, lot of it was just ball contain stuff. And, you know, offensively found stuff that was working, then we just started breaking off plays, you know. And that's my job. I gotta get us back on track. That's on me."The Path ForwardThe series now shifts to Minneapolis for Game 6 on Friday, with the Timberwolves facing elimination. If necessary, Game 7 would be back in San Antonio on Sunday."I don't see nobody in our locker room that [is] worried at the end of the day," Timberwolves star Anthony Edwards said. "Man, it's another basketball game. So you come out, put your boots on and get ready to go work."
#Victor Wembanyama #San Antonio Spurs #Minnesota Timberwolves
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Tech May 13, 2026

Canvas Strikes Deal with Hackers to Erase Stolen Student Data

Canvas operator Instructure announced it has struck a deal with the hackers behind the recent breac…
Canvas Reaches Agreement with Hackers to Purge Stolen Data Instructure, the parent company of the Canvas learning platform, announced that it has “reached an agreement with the unauthorized actor involved in this incident” to delete the data stolen in last week’s cyberattack that disrupted finals for students worldwide. Scope of the Breach: 9,000 Schools and 275 Million Records Affected 9,000 schools worldwide were threatened with data exposure. 275 million individuals’ personal information, including student IDs, email addresses, names and messages, were compromised. The hacking group ShinyHunters demanded a ransom by 6 May, later extending the deadline. Implications for U.S. Higher‑Education Operations and Cyber‑Risk Management The breach forced many U.S. colleges to lock out users, delay final exams and temporarily take Canvas offline, highlighting the platform’s central role in grading, coursework distribution and communication. Instructure’s chief information security officer Steve Proud confirmed that passwords, dates of birth, government IDs and financial data were not found in the stolen set, but the incident raised concerns about potential future publication of the data. What This Means for Future EdTech Security Strategies Instructure plans to work with “expert vendors” for forensic analysis, system hardening and a comprehensive review of the data involved. The company also received “digital confirmation” in the form of “shred logs” that the hackers destroyed remaining copies, though it acknowledged no absolute certainty of total erasure. Analysts suggest that the episode will push educational institutions to reassess vendor security contracts, invest in multi‑factor authentication and develop incident‑response playbooks tailored to large‑scale data breaches.
#Canvas #Instructure #ShinyHunters
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Tech May 13, 2026

Florida Students Boo Graduation Speaker Over AI Comments

Students at the University of Central Florida's 2026 graduation ceremony booed a speaker, Gloria Ca…
The Incident at University of Central Florida Students at the University of Central Florida's 2026 graduation ceremony recently expressed their discontent with a speaker's comments on artificial intelligence (AI). Gloria Caulfield, a real estate development executive, was booed by the graduating class of 2026 when she likened the rise of AI to the next Industrial Revolution. Student Reactions and Concerns The crowd's reaction was immediate and loud, with Caulfield pausing, turning away from the podium, and throwing her hands up in the air. She responded by asking, "Woop, what happened?" and then nervously laughing, "OK, I struck a chord. May I finish?" The students' reaction reflects a broader anxiety about AI's impact on their future careers. A 2025 poll by the Institute of Politics at the Harvard Kennedy School found that a majority of recent college graduates view AI as a threat to their job prospects. The Impact of AI on Job Prospects The students' concerns are not unfounded. AI is transforming various industries, from graphic design to Hollywood and journalism. Tech CEOs have been slashing workforces, citing AI's ability to replace some jobs and boost efficiency. Industries outside Silicon Valley are also being affected by AI. Students are under pressure to choose majors that lead to AI-proof careers. The Future of AI and Education Caulfield's speech, despite the initial backlash, highlighted the importance of adapting to technological changes. She compared the current situation to when she finished college as the internet started taking off, noting that such technologies can be gamechangers for economic development and new businesses. The incident underscores the need for educational institutions to address AI-related anxieties among students. It also emphasizes the importance of preparing students for a future where AI will play a significant role.
#University of Central Florida #Artificial Intelligence #Gloria Caulfield
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Environment May 13, 2026

Charities Pressure Labour to Deliver Clean Air Act Amid Wood‑Burning Controversy

More than 60 charities representing over 230,000 members have urged the new Labour government to in…
Charities Call for a New Clean Air Act Before the King's Speech More than 60 charities representing over 230,000 members have urged the incoming Labour government to introduce a Clean Air Act that would ban wood‑burning, remove diesel vehicles from roads and compel local councils to cut pollution. Details of the Lobbying Push and Proposed Measures The letter, signed by groups such as Mums for Lungs and led by founder Jemima Hartshorn, repeats Labour’s 2023 opposition promise to make clean air a human right. It calls for an outright ban on non‑essential wood‑burning stoves, a phase‑out of existing units, and support for rural households to switch to low‑carbon heating such as heat pumps. Financial and Complaint Data Highlight the Scale of the Problem Air‑pollution costs the UK economy about £27bn a year, linked to asthma, cancer and dementia. From August 2024 to August 2025, there were 15,195 wood‑burning complaints in England, yet only 24 fines were issued. Recent data show a surge in wood‑burner sales in urban areas, despite evidence that particles from wood are as toxic as coal‑derived emissions. Implications for UK Air Quality Policy and Rural Economies Experts such as Stephen Holgate, special adviser to the Royal College of Physicians, describe the lack of enforcement as a “disgrace”. The Stove Industry Association (SIA) has lobbied both the Scottish and UK governments, influencing the Future Homes Standard that currently permits wood‑burning installations in new builds. Industry spokespeople argue that a ban would “negatively impact the UK’s manufacturing and rural economies”, while charities stress the public‑health imperative. What the Next Parliamentary Session May Hold for Clean‑Air Legislation With the King’s Speech imminent, the pressure is on Labour to reverse the omission of a Clean Air Act from its manifesto. If the government adopts the charities’ recommendations, we could see the first statutory ban on wood‑burning and stricter diesel restrictions within the next year; otherwise, the status quo of voluntary guidance is likely to persist.
#Labour Party #Mums for Lungs #Jemima Hartshorn
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