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The Grim Reality of Eid in Gaza For many Palestinians in Gaza, Eid al-Adha is a time for celebration, family gatherings, and traditional rituals. However, this year, the holiday has been overshadowed by the devastating impact of Israel's genocide, which has killed nearly 73,000 people and left many more displaced and traumatized. The Loss of Tradition The Baroud family, like many others in Gaza, has been severely affected by the war. Of the 22 faces that filled their annual family photo, 13 are now gone, killed in successive Israeli strikes. The family's Eid celebrations have been replaced by mourning and condolences. An Excess of Loss and Sorrow Widow Hajja Shama al-Zorbatli lives in a small tent on the pavement, shielded from passersby only by a hanging piece of cloth. She has lost both her husband and her home and describes the Eid as 'the Eid of the martyrs, passing without joy and with an excess of loss and sorrow'. Her tent lacks basic necessities like electricity, phone, and internet. The War Has Crushed Us Elderly Palestinian Mohammed Obeid welcomes Eid alone in his tent, after the war cost him his wife, his legs, and his home. He describes the Eid as like any other day, with no difference, and reveals that 'the war has crushed us.' No Sacrifices This Eid The traditional sacrificial animal ritual has been disrupted in Gaza, with the price of a single sheep jumping to between $4,500 and $6,000. The Ru'ya charitable foundation has turned to distributing frozen meat instead of live sacrificial animals, but even this is out of reach for many families. Diminished Preparations Eid preparations in Gaza's shops and markets are more subdued than ever, with unemployment rampant and cash scarce. Many families are limiting themselves to essentials, and shipping costs have risen to about eight times what they were before the war. Price Shock Citizens' purchasing power has fallen drastically, as priorities have shifted towards securing food and necessities. The Eid season is nothing like previous ones, with customers coming in just to ask about prices, then leaving in shock without buying.

The $250 Million Milestone and Premium ValuationDatabase provider ClickHouse has achieved a significant financial milestone by tripling its annualized revenue run rate to $250 million. This rapid growth trajectory places the company on a clear path toward an initial public offering (IPO) within the next few years, according to co-founder and president of product and technology Yury Izrailevsky.Revenue Growth: Tripled from the previous year.Valuation: $15 billion following a $400 million Series D round led by Dragoneer Investment Group.Revenue Multiple: Implies a steep multiple of over 60x annualized revenue.Accelerating Toward the Public MarketsThe company's aggressive expansion and financial health signal a readiness to enter the public sphere. Izrailevsky anticipates the revenue figure will climb into the high-nine digits by the end of the year. This move aligns with a broader trend of tech startups preparing to go public as the IPO window is expected to reopen.Strategic Hiring: Hired Jimmy Sexton (ex-Snowflake CFO) as Chief Financial Officer last fall.Market Context: Competes in a market seeing increased interest from investors following SpaceX's debut and listings from OpenAI and Anthropic.Capitalizing on the AI Data ExplosionClickHouse is uniquely positioned to benefit from the surge in AI agent development. Its open-source database is designed to process massive datasets required by modern AI applications. The company generates revenue through managed cloud services, which Izrailevsky claims ultimately costs clients less than self-managing the open-source version.Customer Base: Over 4,000 customers including Anthropic, Meta, Capital One, and Decagon.Acquisition Strategy: Plans to remain acquisitive, targeting young, open-source startups that complement its core suite.Technology Origin: Originally developed inside Yandex 17 years ago before spinning out in 2021.Strategic M&A; and the Road to IPOWith a strong financial foundation and a strategic focus on AI infrastructure, ClickHouse is leveraging acquisitions to bolster its technology stack. The recent acquisition of Langfuse, which helps developers track AI agent performance, exemplifies this strategy. As the company looks toward a public debut, its ability to monetize open-source technology while scaling rapidly makes it a standout contender in the database market.

The Lead: ClickHouse's Meteoric RiseDatabase provider ClickHouse has crossed $250 million in annualized revenue run rate, tripling its business from last year, signaling strong momentum as it prepares for a potential IPO. The company, which spun out from Russian tech giant Yandex in 2021, is positioning itself for public markets within the next few years.The Event Details: Revenue Milestone and Growth TrajectoryAccording to Yury Izrailevsky, co-founder and president of product and technology at ClickHouse, the company has achieved significant financial growth with its annualized revenue reaching $250 million. Izrailevsky expects this figure to reach the high nine digits by the end of the year. The company's open-source database is specifically designed to process the massive datasets required by AI agents, with revenue generated through managed cloud services.The Data Analysis: Premium Valuation and Market PositionClickHouse was valued at $15 billion in January following a $400 million Series D funding round led by Dragoneer Investment Group. This valuation implies a steep forward multiple of over 60 times annualized revenue, indicating strong investor confidence in the company's growth prospects. The company has attracted over 4,000 customers, including major players like Anthropic, Meta, Capital One, and Decagon.The Impact Analysis: Shifting Database Landscape for AIClickHouse's rapid growth reflects the increasing demand for specialized database solutions that can handle AI workloads. The company's strategy of combining open-source technology with premium managed services has proven effective, with Izrailevsky noting that their commercial offering ultimately costs clients less than self-managing the open-source version. This approach has positioned ClickHouse as a key player in the database market, particularly for AI applications.The Prediction: IPO Path and Future ExpansionWith its strong revenue growth and premium valuation, ClickHouse is well-positioned for an IPO within the next few years. The company has already taken steps toward public markets by hiring Jimmy Sexton, former head of investor relations at Snowflake, as chief financial officer. Additionally, ClickHouse has acquired six startups, including Langfuse, and plans to remain acquisitive, targeting "relatively young, but showing very promising technology" startups that complement its core product suite. The company joins a growing list of tech startups preparing for public offerings, potentially benefiting from an expected IPO window opened by SpaceX's historic debut and anticipated listings from OpenAI and Anthropic.

The Epic Comeback New South Wales have conjured one of the greatest State of Origin comebacks, fighting back from 20-0 down to snatch a 22-20 victory with a minute on the clock. Nathan Cleary was the hero for the home side, scoring a crucial try and kicking three clutch goals to put the Blues one-nil up in their quest to win back the Origin Shield. Queensland's Strong Start Despite claiming underdog status, Billy Slater’s Queensland side came out swinging and scored three converted tries in the first 20 minutes until Cleary, who many critics claim has never mastered the Origin format, steadied the ship and swung the momentum back to the Blues in front of 79,186 delirious fans at Accor Stadium in Sydney. The Turning Point The flashpoint came in the 57th minute. Tolu Koula broke away down the left before Walker snapped his ankles and Ponga slid a shoulder into his head, saving a try but earning a send off. The Blues capitalised straight away. Cleary found Strange on his hip and the rookie spun out of the tackle to slide over only for the Bunker to find an illegal obstruction. The Winning Moment As the rain tumbled down, NSW went for broke. And cometh the hour, cometh Cleary. Head bandaged, the Panthers maestro ran when everyone thought he’d pass and crossed untouched to make it 16-20 with seven minutes left on the clock. Now it was the Maroons who looked blue. They could only watch dumbfounded as recalled veteran James Tedesco, 10 years after his debut Origin series, soared over their beleaguered troops to snatch the match-winning try and clinch an epic triumph.

The Lead A phenomenon dubbed "AI psychosis" is reportedly affecting tech executives, particularly CEOs, who are overestimating artificial intelligence capabilities while simultaneously implementing mass layoffs. This disconnect between perception and reality is creating organizational chaos in the tech industry. The CEO AI Delusion Box founder Aaron Levie has suggested that CEOs are uniquely prone to "AI psychosis" because they're sufficiently distant from the implementation details of AI systems. When executives "play with AI" by developing prototypes or generating contracts, they often make the leap to believing AI agents can fully handle complex work without understanding the limitations. Unlike their technical teams, CEOs aren't responsible for reviewing code, discovering bugs, or training AI models on company-specific requirements. This lack of firsthand experience with AI's limitations doesn't stop them from making decisions based on overoptimistic assessments of AI capabilities. The Layoff Numbers In the first five months of 2026 alone, the tech industry has already seen 115,430 people fired from 152 tech companies. This nearly matches the 124,636 people let go by 275 companies throughout all of 2025, according to industry tracker Layoffs.fyi. The majority of these layoffs have been attributed to AI, though many argue that companies are engaging in "AI washing" - crediting AI productivity gains when other business decisions are really driving the cuts. The ClickUp Experiment Zeb Evans, CEO of project management software startup ClickUp, proudly declared on X that he had laid off almost a quarter of his employees (22%) after implementing approximately 3,000 AI agents for internal work. Evans insisted this wasn't a cost-cutting measure but rather an attempt to create what he calls a "100x org" composed of people who run and review AI agents' work. The Productivity Paradox Research on AI and productivity presents a complex picture. A meta-analysis published in UC Berkeley's California Management Review found "no robust relationship between AI adoption and aggregate productivity gain." Meanwhile, research from the National Bureau of Economic Research concluded that while AI adoption does improve productivity, there's a "productivity paradox" in which perceived gains exceed measured improvements. MIT researchers studying thousands of AI agents found they aren't yet producing human-quality work in many cases. They predict that at the current rate of improvement, large language models will "be able to complete most text-related tasks with success rates of, on average, 80%–95% by 2029 at a minimally sufficient quality level," with additional time needed to outperform humans. The Executive Bottleneck Research published in the Harvard Business Review suggests that when everyone in an organization uses AI to produce more output, the bottleneck simply shifts to executives. Their work awaits authorization of all the content being generated by AI-empowered employees. If everyone is empowered to act, the system risks becoming overwhelmed, as evidenced by OpenAI's experience last year. As Levie advises, CEOs should use AI extensively to understand both its capabilities and limitations. However, with the current trend of mass layoffs and organizational restructuring based on overoptimistic AI assessments, the tech industry may face continued chaos until this balance is achieved.

The Rising Cost of Electricity and the Need for Accessible Solutions US residential energy prices have surged by approximately 30% since 2020, making electricity the largest household energy expense behind gasoline, according to the US Energy Information Administration. This dramatic increase has left many Americans feeling powerless against rising utility costs, prompting a search for alternative energy solutions that don't require the significant investment and installation challenges of traditional rooftop solar systems. The Plug-and-Play Solar Revolution Enter balcony solar - a lightweight, thin-film solar panel system designed for the everyday consumer. Unlike traditional rooftop installations that require thousands of dollars in upfront costs, specialized mounting hardware, and professional electricians, these systems are designed for simplicity and accessibility. Companies like Bright Saver offer complete kits for around $400 that can be installed by renters and homeowners alike in just minutes. The setup is remarkably straightforward: users hang the panel on a balcony, prop it up in a backyard, or place it in a sunny location and plug it directly into a standard wall outlet. A small inverter syncs the solar energy with the home's existing electrical infrastructure, allowing users to generate their own clean energy without complex modifications to their property. The Financial Impact: Savings and Accessibility For consumers like Alex Curtis in Sunnyvale, California, the financial benefits are immediately apparent. Curtis estimates his balcony solar system could save him $30 to $50 monthly on his electricity bill. While these panels won't take a home entirely off the grid, they can trim monthly costs by 10% to 25% depending on how many panels a user installs. Additional savings can be achieved if the panels are paired with batteries that store excess solar energy for use during non-sunny periods or at night. The affordability factor is crucial in making renewable energy accessible to a broader population. Traditional rooftop solar systems can cost $15,000 to $25,000 before incentives, creating a significant barrier to entry for many households. In contrast, balcony solar systems offer a fraction of that upfront cost while still providing meaningful energy bill reductions. Industry Transformation and Regulatory Shifts The balcony solar movement represents a significant shift in the renewable energy landscape, democratizing access to clean power beyond homeowners with suitable rooftops. In Europe, particularly Germany, these systems have become a cultural phenomenon with an estimated 4 million balcony solar units installed. Known as Balkonkraftwerk or "balcony power plant," the technology has gained widespread acceptance due to its simplicity and effectiveness. The United States has been slower to adopt this technology, largely due to a patchwork of utility regulations and bureaucratic red tape. Utilities in some states have pushed back against the use of these systems, citing potential hazards to grid safety and worker protection. However, the legal landscape is rapidly changing. In 2025, Utah became the first state to officially authorize plug-in solar, and overall, 34 states and Washington DC have introduced legislation to allow for the use of the technology. Colorado, Connecticut, Maine, Maryland, New Hampshire, and Virginia have already passed such legislation. The Future of Distributed Energy Generation As regulatory barriers continue to fall and technology improves, balcony solar is poised to become a mainstream solution for energy independence and cost savings. The movement aligns with broader trends toward distributed energy generation, where power is produced closer to the point of consumption rather than centralized power plants. This shift not only enhances grid resilience but also empowers individuals to take control of their energy production and consumption. For advocates like Cora Stryker, co-founder of Bright Saver, this technology represents more than just cost savings - it's about personal liberty and democratizing the green energy transition. "Clean energy actually is the cheapest form of energy around," Stryker states, "and we the consumers should be benefiting from that." As more Americans experience the taste of energy independence through these accessible systems, the balcony solar revolution may fundamentally reshape how we think about and consume electricity in our homes.

The Sacred Ritual in Motion Muslim pilgrims from around the world have converged on the valley of Mina to participate in one of Hajj's most significant rituals—the symbolic stoning of the devil. This observance, taking place on the third day of the annual pilgrimage, involves pilgrims throwing pebbles at three pillars representing Satan, commemorating the trials of the Prophet Ibrahim (Abraham). The Stoning of the Devil: A Sacred Tradition The ritual, known as 'Ramy al-Jamarat,' requires pilgrims to throw seven pebbles at each of three pillars in Mina. This act symbolizes the rejection of temptation and Satan's temptations, drawing from the Islamic tradition where Prophet Ibrahim was tested by the devil. The pillars are now enclosed in a multi-level structure to accommodate the massive crowds and ensure safety during the ritual. The Journey of Hajj: A Spiritual Pilgrimage Hajj, one of the Five Pillars of Islam, is a mandatory religious duty for Muslims who are physically and financially able to undertake it at least once in their lifetime. The pilgrimage spans several days and includes various rituals, including the Tawaf (circumambulation) of the Kaaba in Mecca, spending time at Arafat, and now the stoning ritual in Mina. This year's Hajj follows the Islamic lunar calendar, bringing millions of pilgrims to Saudi Arabia. Global Significance of the Observance The stoning ritual holds profound significance for Muslims worldwide, representing the rejection of evil and the reaffirmation of faith. Despite the physical challenges, pilgrims describe the experience as spiritually transformative. The ritual also demonstrates the unity of Muslims across different nations, ethnicities, and social backgrounds, all coming together in worship and devotion. Modern Observance: Safety and Organization Saudi authorities have implemented extensive measures to manage the massive crowds during this year's Hajj, including advanced crowd control systems, medical facilities, and security personnel. The stoning area has been expanded with multiple levels to accommodate the influx of pilgrims, and technological systems are in place to monitor crowd flow and ensure the safety of all participants.

The Lead: Tottenham's Ownership Acknowledges CrisisThe Lewis family, majority owners of Tottenham Hotspur through Enic, have issued a direct message to supporters promising significant investment and organizational change after the club's consecutive 17th-place finishes in the Premier League. In a letter to fans, the ownership group admitted they are "bitterly disappointed" with recent seasons and pledged to "rebuild trust" with the club's supporters.The Ownership's Direct Response to Fan FrustrationIn their unprecedented communication, the Lewis family directly addressed fan concerns that have mounted over 12 months of significant upheaval at the North London club. The letter acknowledges that "problems we found were deeper than we realised and were allowed to build over the last few years" and that "has eroded trust and we have to win that back." The ownership explicitly stated they "take ultimate responsibility for the situation in which the club finds itself." This direct admission of accountability marks a significant shift in the club's communication strategy with its supporters.The Performance Context: Unprecedented DeclineTottenham's back-to-back 17th-place finishes represent a dramatic decline for a club with the stature and resources of Tottenham Hotspur. In the letter, the ownership emphasized that "finishing 17th this and last season does not reflect the stature or potential of this football club." This performance represents one of the lowest points in the club's recent history, particularly following years of regular Champions League qualification and near-misses in the title race under previous managerial regimes.The Leadership Change: Daniel Levy's DepartureThe Lewis family's letter comes in the wake of significant leadership changes at the club. In September 2025, long-serving chairman Daniel Levy, who had been the key decision-maker at Tottenham for two decades, was invited to step down after the Lewis family commissioned a review at the start of 2025. Levy's departure marked the end of an era and represented a fundamental shift in the club's power structure, with the Lewis family taking a more hands-on approach to the club's direction.The Future Outlook: "All In" on RebuildingPerhaps most significantly, the Lewis family explicitly stated "We are not selling the club. We are all in. We are investing in it," directly countering speculation that they might look to divest their stake. They promised "investment – in our teams, the academy, our backroom functions and more" and emphasized that "football comes first." The ownership acknowledged that "the change required is deep. It will take time and commitment, but change is happening" and concluded with the statement that "actions will speak louder than words," setting clear expectations for supporters about the coming months and years.

The LeadBritain is experiencing a profound political-economic churn as Andy Burnham's potential rise to power challenges the established economic order. The recent market reaction to Burnham's fiscal rule proposals reveals how deeply entrenched Britain's economic settlement has become and the formidable barriers facing any attempt to transform it.The Political-Economic Churn ExplainedBritain is currently experiencing two simultaneous churns. The first is electoral, evidenced by May's local elections where Labour lost roughly 1,100 councillors, Reform won 1,257 seats and 10 councils, and the Greens won Hackney and Lewisham. This fragmentation of the progressive vote has visibly weakened the container for transformative politics.The second churn is deeper, touching Britain's fundamental political economy. As Burnham noted, Britain has been 'on the wrong course for 40 years' – referring to the financialisation, privatisation, hollowed-out public services and wealth transfer that have characterized the late 1970s to present economic settlement.The Fiscal Rules BattleBurnham's potential project requires a state capable of funding major social-democratic initiatives: council homes, clean energy, public transport, water, skills and resilience. These ambitions collide with Rachel Reeves's fiscal rules – self-imposed borrowing limits that are political choices, not laws of nature.Three weeks ago, Burnham tested these boundaries by proposing a 'defence carve-out' allowing extra borrowing for defense outside fiscal rules, similar to Germany's approach. The subsequent market reaction – pound pressure, rising gilt yields, warnings against public ownership of Thames Water – forced a retreat. Burnham's team subsequently announced he would make no changes to Reeves's fiscal rules if he became prime minister.Market Discipline and PowerThe retreat reveals how power operates in Britain's economic architecture. It's not merely 'the markets' but Treasury rules, Bank of England decisions, pension fund structures and investor expectations that combine to discipline any politics threatening the established settlement.Chancellors have always rewritten fiscal rules when convenient – Gordon Brown had his golden rule, George Osborne his surplus target, Philip Hammond and Rishi Sunak revised frameworks, Jeremy Hunt and Reeves changed them again. The crucial question is who gets to change them and for what purpose.The Three Progressive FightsProgressives now face three critical battles. First, fiscal: democracy must regain power to invest based on national need rather than market nerves. This requires a Bank of England mandate recognizing that inflation stems from both excessive demand and insufficient capacity.Second, ownership: public goods should be built and owned in the public interest. Thames Water entering special administration offers a starting point, with regional public housing corporations potentially building at scale on public land.Third, constitutional: proportional representation for Westminster, an elected second chamber and deeper devolution are not procedural details but essential conditions for progressive power in a fragmented country. PR could allow a broad progressive majority to govern together against established forces.Burnham was right: Britain has been on the wrong course for 40 years. But last week demonstrated the harder truth – the old settlement will not politely bow out. It will price risk, police boundaries and demand reassurance before the argument even begins. The churn is far from over.