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Business May 12, 2026

The Misery of Billionaires: A Lament for the 1%

The article discusses the complaints of billionaires about being 'denounced, despised, and disrespe…
The Misery of Billionaires: A Lament for the 1% Won’t anyone think of the poor, poor, billionaires? Their endless money can buy them political power, but it can’t buy them love. Instead of being worshipped by the hoi polloi, titans of industry are denounced! Despised! Disrespected! Insert another D-word of your own! The Billionaire's Lament Steve Roth, the Vornado Realty Trust CEO, recently brought attention to the plight of his fellow billionaires during an earnings call. He claimed that the phrase 'tax the rich' is just as hateful as some disgusting racial slurs. This outcry comes as New York mayor Zohran Mamdani announced a tax on second homes worth more than $5m, which Roth deemed 'irresponsible'. The Data Analysis Billionaire wealth jumped by more than 16% in 2025, three times faster than the previous five-year average (Oxfam report). Since 2020, billionaire wealth has increased by 81%, while one in four people don’t regularly have enough to eat. The Impact Analysis Billionaires own more than half the world’s largest media companies and all the main social media companies, which may explain why they still have many prominent fanboys. The article cites a Wall Street Journal columnist, Kyle Smith, who lamented how billionaires are 'denounced, despised and disrespected' and suggested that 'Our greatest billionaires ought to have statues placed in public squares.' The Prediction With the growing wealth and influence of billionaires, it may not be long until their life stories are taught to US schoolchildren as inspirational tales. The article sarcastically notes that this could replace learning about historical issues like slavery and its ongoing impact on the racial wealth gap.
#Billionaires #Taxation #Wealth Inequality
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Business May 12, 2026

Dangote Targets Mombasa for $15‑17bn Oil Refinery: Implications for Africa’s Energy Future

Aliko Dangote, Africa’s richest man, is eyeing a $15‑17 billion oil refinery in Mombasa, Kenya afte…
Lead: Dangote’s Next Mega‑Refinery in East AfricaAliko Dangote announced plans to build a new oil refinery in Mombasa, Kenya, following the successful launch of his 650,000 bpd Lagos facility in early 2026. The move comes as African nations scramble for energy security after the Iran‑related closure of the Strait of Hormuz.Dangote’s Plan for a Mombasa RefineryIn an interview with the Financial Times, Dangote said he prefers Kenya over Tanzania because Mombasa offers a larger, deeper port and a bigger domestic market. He indicated that the final decision rests with President William Ruto, who has been championing a joint East African refinery at Tanzania’s Tanga port.Location: Mombasa, Kenya – deep‑water port with higher throughput capacity.Projected start‑up: mid‑2028 (based on typical 2‑year construction timeline for similar projects).Strategic partner: still under discussion; potential involvement of regional governments and private investors.Financial Scale and Capacity MetricsConstruction cost: estimated between $15 bn and $17 bn.Processing capacity: expected to mirror Lagos’s 650,000 bpd, making it one of the largest single‑train refineries on the continent.Regional demand: East Africa currently imports the majority of its refined products; Kenya alone imported 40 million barrels in 2025.Refining gap: Africa refines only about 44 % of its oil consumption, leaving a heavy reliance on Middle‑East imports.Strategic Impact on African Energy SecurityThe Mombasa refinery would reduce East Africa’s vulnerability to geopolitical shocks such as the Hormuz closure, which disrupts roughly 20 % of global oil and gas shipments. Local refining could lower fuel prices, cut transport costs, and provide by‑products like fertilisers and petrochemicals, boosting agriculture and manufacturing.Analysts note that while Dangote’s Lagos plant has already begun exporting jet fuel and diesel to neighboring countries, the East African market presents a more fragmented political landscape that could test the scalability of his model.Outlook: How the Project Could Reshape Regional RefiningIf completed on schedule, the Mombasa refinery could position Kenya as a net exporter of refined products, encouraging similar investments in Uganda, Tanzania and the broader Horn of Africa. Competing projects, such as Angola’s $470 m Cabinda refinery and Uganda’s planned 60,000 bpd plant, suggest a continent‑wide shift toward self‑sufficiency.Ultimately, the success of Dangote’s East African venture will hinge on government policy, financing structures, and the ability to navigate cross‑border logistics. A functional Mombasa refinery could set a precedent that accelerates Africa’s transition from oil importer to regional energy hub.
#Aliko Dangote #Kenya #Mombasa
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Environment May 12, 2026

Iran-Israel Conflict Drives Shipping Surge, Threatening South African Whales

The U.S.-Israel war on Iran has forced vessels to reroute around the Cape of Good Hope, doubling tr…
Executive Summary: War‑Driven Rerouting Endangers South African WhalesThe United States-Israel war on Iran has disrupted global energy and commodity flows, pushing commercial shipping around the Cape of Good Hope. The resulting traffic spike has heightened the danger of vessels colliding with whales along South Africa’s southwestern coast.Shipping Surge Along the Cape of Good HopeSince the conflict escalated, vessels that once transited the Red Sea and the Strait of Hormuz are now forced to navigate the longer route around southern Africa. Key figures from the IMF’s PortWatch Monitor show:89 commercial vessels passed the Southern African coast between 1 Mar 2026 and 24 Apr 2026.Only 44 vessels made the same journey in the comparable period of 2023.Overall traffic in the region has almost doubled, with fast‑traffic lanes quadrupling.These numbers illustrate a rapid shift in global shipping patterns directly linked to the war.Quantifying the Collision RiskResearchers presented at the International Whaling Commission (IWC) highlighted historical and emerging collision data:1999‑2019: 11 fatal ship strikes out of 97 recorded whale deaths in the Western Cape.Additional 16 non‑fatal strikes recorded in the same period.Fast‑moving vessels, now four times more common, pose the greatest lethal risk.Modest lane adjustments could cut strike risk by 20‑50 % for vulnerable species.These statistics suggest that current strike counts are likely underestimates, as many incidents go unreported when whales sink after impact.Ecological Consequences for Endangered SpeciesSouth Africa’s waters host over 40 whale species, including:Southern right whales and humpback whales – populations have rebounded but remain exposed to ship traffic.Bryde’s whales, Orcas, sperm whales, Minke whales and various dolphin species.Critically endangered species such as Antarctic Blue, Fin and Sei whales are listed on South Africa’s Red List.Super‑pods of humpbacks, numbering between 11,000‑13,000 individuals, feed off the west coast and are especially vulnerable during feeding bouts when they are less likely to detect approaching vessels.Pathways to Mitigation and Future OutlookExperts propose several mitigation strategies:Shift traffic lanes a few nautical miles offshore – projected 20‑50 % reduction in strike risk.Implement speed‑reduction programmes for vessels in high‑density whale zones.Adopt real‑time whale detection systems (radio alerts, dedicated apps) to warn captains.Corporate action – the Swiss‑based MSC is already rerouting ships to protect sperm and blue whale habitats in Greece and Sri Lanka.South Africa’s Environment Ministry has pledged to examine all available solutions, and maritime authorities are expected to coordinate with scientific bodies to chart a protective course. If these measures are adopted, the outlook for South African whale populations could shift from heightened risk to a more resilient future.
#Iran #South Africa #Whales
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Entertainment May 12, 2026

Bold Tendencies: How a Peckham Car Park Revolutionized British Art

Bold Tendencies, the groundbreaking art installation in a Peckham car park, is celebrating its 20th…
The Art Revolution That Started in a Car Park It's hard to imagine now, but there was a time when rooftop bars weren't really a thing. A time before pop-ups and contemporary outdoor sculpture parks. A time even, if you can bear to think of it, before immersive art. Way back in 2007, there was none of that – the UK was an experiential art wasteland. And then Bold Tendencies showed up, chucked a whole load of sculptures in a multi-storey Peckham car park, painted a staircase bright pink, built a cocktail bar on the roof, and changed everything. Two Decades of Transformative Art Now going into its 20th summer season, Bold Tendencies is celebrating two decades of sometimes sun-drenched, often windswept and drizzly arts programming. In that time, it has welcomed more than 3 million visitors into its concrete edifice behind Peckhamplex cinema, commissioned dozens of new artworks, hosted countless recitals and performances, built an auditorium and a concert hall, and drawn the roadmap for countless art experiences that have come in its wake. The Artistic Legacy And the art's not been too bad, either. Anthea Hamilton built a doorway to heaven through a man's splayed legs in 2010. Jess Flood-Paddock parked Del Boy's three-wheeled van on the roof in 2011. James Bridle flew a black balloon filled with wifi routers from the roof in 2014. Adam Farah-Saad installed a decorative retro water fountain in 2024. There have been piles of raw pigment, fluttering flags, wobbly walkways, heads on spikes. Almost all newly commissioned, and all free to see. Transforming the Cultural Landscape You can't overstate just how different, not only Peckham was in 2007, but the whole cultural landscape of the country. This was years before the likes of The Vinyl Factory or Frameless, and long before the Hayward and Tate were racing to the bottom to find the most TikTok-ready, Instagram-friendly exhibitions possible. The only large-scale sculptural commissions around back then were the fourth plinth and the Tate's annual Turbine Hall and Duveen projects. There wasn't really anywhere else to see new sculptural work by young artists. The Peckham Effect There also wasn't a lot going on in Peckham at the time. But what the area did have was a handful of project spaces, a single dive bar called Bar Story, seriously cheap rents and – thanks to being squeezed between Camberwell College of Arts and Goldsmiths – a lot of artists. Combined with a relative sense of isolation in the days before the London Overground, it boasted a fairly unique set of circumstances. "I found it to be a place of great possibility," says Barry. "And it still feels like that." The Visionary Behind the Movement Barry had been putting on exhibitions in a semi-derelict house on nearby Lyndhurst Way, and struck up a relationship with the people responsible for property in Southwark council. The council realised that artists could act as caretakers of empty, derelict buildings awaiting redevelopment, and Barry figured that those buildings could be used for art exhibitions. It's a model still followed today by other cultural charities, one that some consider the forward battalion in a wave of gentrification that has engulfed the city ever since. The Future of Public Art "Part of our responsibility in doing a project like this is to offer up the joy of feeling welcome to as many people as possible," says Hannah Barry, the driving force behind Bold Tendencies and owner of Peckham's longstanding Hannah Barry Gallery. "People come here for all sorts of different reasons and they may stay for a short time or stay for a long time. What matters is that they're curious enough to come." As Bold Tendencies enters its third decade, it continues to push boundaries and redefine what public art can be, proving that sometimes the most revolutionary ideas come from the most unexpected places.
#Bold Tendencies #Peckham #British Art
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Sports May 12, 2026

Bryson DeChambeau Considers Ditching Golf for YouTube: A Shift in Sports and Celebrity

Bryson DeChambeau, a professional golfer, has hinted at giving up golf to focus on his YouTube chan…
The Potential Shift in Bryson DeChambeau's Career Bryson DeChambeau, a prominent golfer, has expressed interest in leaving professional golf to focus on his YouTube channel. This move has raised questions about the future of sports and the relationship between athleticism and celebrity. DeChambeau's YouTube Ambitions DeChambeau aims to grow his YouTube channel three times or more, exploring dubbing in various languages and collaborating with other creators. He has already gained significant popularity on YouTube, TikTok, and Instagram, with millions of followers. The Financial Aspect DeChambeau reportedly made $45m in on-course earnings over the past year. He had been seeking a $500m contract with LIV Golf before its financial backers withdrew. The Impact on Professional Golf If DeChambeau were to leave golf for YouTube, it could signal a shift in priorities for professional athletes, with more emphasis on personal branding and content creation. This could lead to a reevaluation of what it means to be a professional athlete and the role of sports in modern entertainment. The Future of Sports and Celebrity DeChambeau's potential move highlights the evolving relationship between sports, celebrity, and content creation. As athletes like DeChambeau build their personal brands, it may change the way we consume and engage with sports, potentially prioritizing entertainment value over traditional athletic competition.
#Bryson DeChambeau #YouTube #LIV Golf
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Business May 12, 2026

‘Potential security risk’: Unpacking the UK’s trust issues with Palantir

Trust in Palantir's £330‑million NHS data platform is eroding amid political pressure, a leaked con…
Lead: Trust Cracks Over a £330‑Million NHS DealCritics say Palantir's defence‑linked ethos clashes with the health sector, prompting the UK government to reconsider a six‑year, £400 million contract that gives the firm extensive access to patient data.Erosion of Trust in Palantir’s NHS ContractThe partnership began in March 2020 with a symbolic £1‑pound NHS contract that expanded into a £330‑million Federated Data Platform (FDP) programme. Recent revelations – including a 22‑point manifesto calling for universal military service and AI weapons – have intensified scrutiny from the Good Law Project and other watchdogs.Palantir’s X post sparked renewed debate about its suitability as a health‑data steward.Legal pressure forced NHS England to release a partially redacted version of the FDP contract.Officials are openly discussing a 2027 break point for the agreement.Financial Stakes and Contract ScaleThe original £1‑pound contract grew into a six‑year relationship valued at nearly £400 million ($546 m). The flagship FDP programme alone is priced at £330‑million ($450 m) and underpins data analytics across at least ten UK government departments.Contract duration: 2020‑2026, with potential extension discussions for 2027.Key figures: £330‑million FDP, £400‑million total NHS spend.Governance Concerns and Political BacklashCritics argue that the shared architecture between Palantir’s defence‑focused Gotham platform and the civilian‑oriented Foundry system creates a “governance problem” that has not been fully addressed. Duncan McCann of the Good Law Project warns that a defence contractor’s values differ fundamentally from those of a public health service.Academic Eerke Boiten highlights the difficulty of verifying compliance, noting that similar trust gaps exist with other US tech firms operating in the NHS.Key concerns include:Unlimited employee access to patient data, as reported by the Financial Times.Opaque pseudonymisation methods – roughly 100 pages of the contract remain withheld.Potential data aggregation across multiple government departments, despite Palantir’s claim that each engagement is “walled off”.Future Outlook for Palantir’s NHS PartnershipAnalysts suggest that the NHS may either renegotiate the FDP terms, seek alternative analytics platforms, or terminate the contract by 2027 if public confidence does not improve. Transparency measures such as publishing the full Data Protection Impact Assessment (DPIA) could mitigate some concerns, but the underlying tension between defence‑origin values and public‑health responsibilities is likely to persist.
#Palantir #NHS England #Good Law Project
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Entertainment May 12, 2026

The Unnecessary Wordle TV Spinoff: A Desperate Move?

A TV spinoff of the popular puzzle game Wordle is set to debut on NBC, with teams competing to solv…
The Rise of Wordle on TV Anyone who has watched television knows that late-night talkshow hosts have a habit of pulling entertainment formats from the barest of inspirations. James Corden got Carpool Karaoke from the act of singing songs in the car. Jimmy Fallon got Lip Sync Battle from the act of mouthing along to songs in the mirror. And now Fallon has struck again. He’s making a Wordle gameshow. The Event Details Fallon’s production company, Electric Hot Dog, has acquired the rights to Wordle and will turn it into a show where teams compete to solve puzzles for cash. The show will film in Manchester, England, this summer and debut on NBC next year. The Data Analysis Wordle is a brand with global recognition. The game has been a huge success, with millions of players worldwide. The TV adaptation will feature teams competing to solve puzzles for cash. The Impact Analysis However, you’d be right to feel suspicious about this new avenue. The description of the show describes teams of players taking part, but Wordle is by nature a solitary pursuit. It’s a game that relies upon the connection of one person and their phone, plus the bespoke tactics that person has honed. The Prediction Perhaps that is why the game has made it to TV. Forbes has framed the move as a necessary diversification tactic by a medium caught in a permanent death spiral. It is now a New York Times property, and newspapers need to keep money coming in. If the only way to keep funding investigative journalism is to take a diverting game and sell it to Fallon, then so be it.
#Wordle #TV adaptation #NBC
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Health May 12, 2026

The Limits of Silicon Valley Wellness: Why Experimental Treatments Failed and Community Succeeded

A personal narrative exploring the failure of high-tech mental health solutions in San Francisco fo…
The Quest for a "Disruptive" Cure in Silicon ValleyReturning to San Francisco in 2016, the author sought a solution to treatment-resistant depression within the city's petri dish of wellness innovation. Amidst a culture obsessed with disrupting every industry, the author attempted a series of cutting-edge interventions, believing the technological hub would offer a scalable solution to mental illness. However, the pursuit of high-tech fixes proved to be a cycle of disappointment, leading to a realization that human nature cannot be "hacked".The High-Tech Pipeline of Despair: Ketamine, TMS, and FMTThe author underwent a rigorous regimen of experimental therapies, ranging from clinical to underground:IV Ketamine Infusions: Receiving treatments at a Marin County clinic five times, despite the effects being minimal.Transcranial Magnetic Stimulation (TMS): Undergoing daily sessions for eight months in a sterile Union Square office, which ultimately failed to alter the author's mood.Fecal Microbiota Analysis: Participating in an elimination diet and stool analysis recommended by a WeWork nutritionist, which yielded no results.Underground Shamanic Ketamine: A final, ill-advised attempt involving a shaman that left the author feeling worse than before.The Promise vs. The Reality of Remission RatesWhile the author's personal journey yielded no relief, the broader data on these treatments presents a mixed picture. Research indicates that 52% of participants in ketamine studies achieved complete remission, and TMS has shown significant promise in clinical settings. However, the author highlights that 30% of people with major depressive disorder are treatment-resistant, meaning standard and experimental interventions alike may fail for a significant portion of the population.The Failure of "Disruption" in Mental HealthThe article critiques the Silicon Valley tendency to turn human suffering into a product. The sterile, high-tech environments of clinics and the commodification of wellness (biohacking, AI therapists) failed to address the root causes of the author's depression. The author contrasts this with the effectiveness of 12-step meetings and community support—frameworks developed nearly a century ago—suggesting that deep, unoptimized human connection is more effective than algorithmic or biochemical solutions.From Biohacking to Human ConnectionThe author's eventual recovery came not from a new technology, but from a return to fundamental human structures: sobriety, church basements, and communal living. The prediction for the future of mental health is a shift away from the "optimization" of the individual and toward the restoration of community and belonging.
#San Francisco #Ketamine #Treatment-Resistant Depression
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Entertainment May 11, 2026

Alan Cumming Slams Bafta as 'Bad People' After N-Word Incident

Alan Cumming has criticized Bafta organizers as 'bad people who weren't doing their jobs properly' …
The Lead: Awards Show Turns ControversialAlan Cumming, host of this year's Bafta film awards, has launched a scathing attack on the ceremony's organizers, describing them as 'bad people who weren't doing their jobs properly' after an incident involving Tourette activist John Davidson resulted in the N-word being broadcast during the live ceremony.The Event Details: N-Word Outburst at Prestigious CeremonyDuring the February Bafta ceremony, Davidson, who was nominated for multiple awards for his film 'I Swear' based on his life story with Tourette syndrome, shouted the N-word twice, as well as a slur aimed at Cumming himself. The BBC's broadcast of the incident remained on BBC iPlayer overnight before being taken down. Both the BBC and Bafta subsequently issued apologies for the broadcast.Cumming, who was unaware of the full extent of what had transpired during the ceremony, described the event as a 'shitshow.' He explained that he had a device in his ear that made it difficult to hear specific details and suggested that other presenters like Delroy Lindo and Michael B Jordan likely didn't hear the actual slur either.The Impact Analysis: Personal and Professional FalloutThe incident has had significant personal consequences for both Cumming and Davidson. Cumming revealed that he had no plans to host the Baftas again, telling his agent right before the ceremony began, 'Remind me, I never want to do this again.' He described the hosting role as a 'tough gig' where he had to fight against the 'generic, middle-of-the-road' expectations of the audience while trying to bring his 'quirky personality' to the event.For Davidson, the incident led to international media attention and personal distress. In an interview with Variety, he expressed being 'upset and distraught' as the impact of the incident sank in. Davidson emphasized that his tics are 'involuntary neurological misfires' that have 'absolutely nothing to do with what I think, feel or believe,' stating that 'my tics are not an intention, not a choice and not a reflection of my values.'The Aftermath: Apologies and ExplanationsCumming had apologized during the ceremony itself, stating: 'Tourette syndrome is a disability ... we apologise if you are offended tonight.' However, he told the Sunday Times that neither he nor the audience had been warned by Bafta that Davidson might shout offensive slurs. 'They just said, 'There'll be noise,'' Cumming explained, adding that Bafta 'clearly did' know about the potential for offensive language since Davidson had apparently used the N-word at a party the day before.The incident escalated when Davidson gave an interview claiming, 'I'm not a racist. I called Alan Cumming a paedophile too,' which Cumming described as making his name and 'paedophile' appear together in sentences worldwide.The Future Outlook: Rebuilding Trust in Awards CeremoniesThe controversy has raised questions about how awards shows handle guests with medical conditions that might result in unpredictable behavior. Bafta has been contacted for a response to Cumming's criticisms, but the incident has already damaged the organization's reputation for preparedness and sensitivity.As the entertainment industry continues to grapple with issues of inclusion and appropriate representation, this incident serves as a cautionary tale about the importance of proper preparation and communication when hosting events featuring individuals with complex medical conditions. The challenge for Bafta will be to implement changes that prevent similar incidents while maintaining an inclusive environment for all participants.
#Alan Cumming #Bafta #John Davidson
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