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Politics May 17, 2026

The Billionaire Class Trauer: How Wealthy Democrats Are Embracing Populism

Billionaire hedge fund founder Tom Steyer is running for California governor on a platform of taxin…
The Billionaire Class Trauer: How Wealthy Democrats Are Embracing PopulismTom Steyer has built his campaign for governor of California around affordability – and taxing the uber-wealthy. It is perhaps an unusual message for a candidate with an estimated net worth of $2.4bn. But the hedge fund founder-turned climate activist and liberal mega-donor is pitching himself as a different kind of billionaire: one who wants people like him to pay far more in taxes.The Billionaire Populist StrategyAs early voting ballots trickle in for the 2 June primary, Steyer, a leading candidate in the unsettled contest, is racing to convince Californians that his elect-the-rich-guy-to-eat-the-rich candidacy isn't a contradiction. "People are very skeptical of billionaires," Steyer, wearing a beige baseball cap with the words "class traitor" embroidered on it, told a small group of reporters at a campaign event in East LA on Wednesday. "I'm skeptical of billionaires because we've seen so many billionaires being selfish and arrogant."The Rise of Anti-Billionaire SentimentSteyer's campaign arrives at a particularly combustible political moment in the US, shaped by a surge in anti-elite populism, widening income inequality and growing suspicion of billionaire power across both parties. A survey conducted last year by the Harris Poll found that the share of Americans who said billionaires threaten American democracy rose to 53%, up 7 points from 2024. At the same time, nearly eight in 10 respondents said they were more likely to support a billionaire who "challenges unjust systems."California's Affordability Crisis and Political ResponseAnti-rich sentiment is especially pronounced in the Golden State, which boasts the world's fourth largest economy and more billionaires than any other US state. Yet California faces a deep affordability crisis, leaving many voters searching for a governor who will do more than take on the billionaire in the White House. They want someone who will "upend the system," said Lorena Gonzalez, president of the powerful California Federation of Labor Unions.The Democrat's Billionaire DilemmaA decade after Trump, a billionaire real estate mogul, proved he could harness working-class discontent, Democrats see a chance to rebuild their frayed coalition and win back the voters squeezed by the rising cost of rent, utilities and groceries. Ahead of the November midterm elections, Democrats are hammering Trump over his coziness with Silicon Valley billionaires and his preoccupation with building a ballroom at the White House, evidence, they say, that the president's party has abandoned working class voters in favor of a new gilded-age oligarchy.Wealthy Progressives Across AmericaSteyer is not the only Democrat testing the party's appetite for a populist from the 1%. In Illinois, Governor JB Pritzker, a scion of the Pritzker family that founded the Hyatt hotel chain, is running for a third term – and widely believed to be considering a presidential bid in 2028. Other wealthy progressives include Saikat Chakrabarti, a centimillionaire tech entrepreneur and former chief of staff to Ocasio-Cortez who is self-funding his anti-establishment bid to succeed retiring former House speaker Nancy Pelosi in San Francisco.A Historical Perspective on Wealthy DemocratsWealthy Democrats are hardly a new phenomenon. From Franklin Roosevelt's patrician roots to John F Kennedy's vast family fortune, the party has a history of elevating affluent political leaders who framed their privilege as a responsibility to serve the public. As Cas Mudde, a leading scholar of populism, noted by email, "socialists have long been led by 'class traitors' (eg Friedrich Engels) or have supported rich politicians and intellectuals (for example Bernie Sanders and Noam Chomsky)."The Future of Populist PoliticsAmid a volatile job market and escalating inflation, voters want leaders who understand their economic struggles. In California, with the nation's highest cost of living and gas prices topping $6 per gallon amid the Iran war, that demand is particularly urgent. Perhaps then it is a sign of the times that if Steyer advances to the November general election, Californians would likely have the chance to elect a billionaire for governor and impose a first-of-its-kind wealth tax on the state's richest residents.
#Tom Steyer #Wealth Tax #California Politics
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Education May 17, 2026

Graduation Season Backlash: Students Boo AI Mentions in Commencement Speeches

Recent commencement speeches at American universities have sparked backlash as students booed menti…
The Graduation Backlash Against AIDuring the 2026 commencement season at American universities, several speakers faced unexpected pushback when mentioning artificial intelligence. Students at the University of Central Florida and University of Arizona booed executives who highlighted AI's role in the future, reflecting growing concerns about job prospects and the direction of technological advancement.When AI Became the Third Rail at GraduationsGloria Caulfield, an executive at real estate firm Tavistock Development Company, gave a speech at the University of Central Florida where she declared, "The rise of artificial intelligence is the next industrial revolution." The students in the audience responded with increasingly loud booing, causing Caulfield to pause and remark, "Okay, I struck a chord."Former Google CEO Eric Schmidt faced similar resistance at the University of Arizona. Despite ongoing controversy over a lawsuit accusing him of sexual assault (which he denies), Schmidt also encountered boos when he told students, "You will help shape artificial intelligence." He attempted to continue by emphasizing the opportunities AI presents, but the booing persisted.Not all AI-focused speeches faced backlash. Nvidia CEO Jensen Huang spoke at Carnegie Mellon's commencement without audible pushback when he noted that AI has "reinvented computing."The Economic Anxiety Behind the BooingThe negative reactions may stem from broader economic concerns. A recent Gallup poll revealed that only 43% of Americans aged 15 to 34 believe it's a good time to find a job locally, a significant drop from 75% in 2022. This pessimism reflects growing anxiety about employment prospects in an increasingly automated world.Even tech industry workers express concerns about AI's impact on employment, with journalist and tech critic Brian Merchant suggesting that AI has become "the cruel new face of hyper-scaling capitalism."Generational Divide on Technology's FutureThe backlash highlights a significant generational divide in how technology's future is perceived. While older generations often present AI as an inevitable and beneficial progression, many younger graduates view it with skepticism and fear.Schmidt himself acknowledged this divide, noting "a fear in your generation that the future has already been written, that the machines are coming, that the jobs are evaporating, that the climate is breaking, and that politics are fractured."The specific context of each speech also influenced reception. Caulfield, addressing arts and humanities graduates, may have misread her audience by beginning with "generic" praise of corporate executives like Jeff Bezos before introducing the topic of AI.The Future of Commencement MessagingAs AI continues to reshape industries and job markets, commencement speakers will need to address these concerns more directly and thoughtfully. The backlash suggests that simply celebrating technological advancement without acknowledging its challenges will no longer resonate with graduating students.Moving forward, successful commencement speeches may need to balance optimism about technological possibilities with realistic acknowledgment of the economic and social challenges ahead. The focus may shift from celebrating AI itself to discussing how graduates can navigate and shape a future where AI plays an increasingly prominent role.
#AI #Commencement Speeches #Gloria Caulfield
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Politics May 17, 2026

Labour Must Tackle Social Care Crisis Head-On

The article argues that the next Labour leader must prioritize addressing the social care crisis in…
The Imperative for Labour to Address Social Care If a new Labour leader wants to underline their determination to wrestle with Britain’s political challenges, it is hard to think of a better place to start than with the creaking social care settlement. The History of Unfulfilled Promises A new collection of essays, to be published by the Fabian Society this week, urges the government – whoever leads it – to crack on with creating a “national care service” more closely aligned to the NHS, and ensure it is properly funded. Nine years ago, Theresa May launched a plan to fund care costs, promising that no one would have to sell their home in their lifetime to pay for their care. The plan was called a “dementia tax” by Labour and was widely credited as a contributing factor in the Conservatives’ worse-than-expected 2017 election performance. The Financial Impact of Inaction The sorry history of politicians failing to grip the issue is partly indicative of the fiscal constraints they are increasingly forced to work with. But it also seems to mark a kind of learned helplessness – an unwillingness to make an argument. The Impact on the Nation That leaves families still selling their homes to fund care, and fretting about how long the proceeds will last, as they witness their relative’s heartbreaking decline. Meanwhile, the cash-strapped care sector still struggles to meet growing need. A New Approach for the Future Burnham has talked in recent years about replacing inheritance tax with a progressive “care levy” in order to fund a national care service. Labour has not been idle: radical plans for a statutory negotiating body for care workers’ pay are progressing.
#Labour #Social Care #UK Politics
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Business May 17, 2026

Nationwide Customer's Boardroom Challenge Could Reshape UK Corporate Governance

James Sherwin-Smith, a Nationwide building society customer, is challenging the status quo by attem…
The Lead: A Historic Boardroom ChallengeIn July 2026, one of the UK's biggest financial institutions will face a potentially transformative moment when a customer seeks a seat on its board. James Sherwin-Smith, a 45-year-old Nationwide building society member, has gathered over 250 peer nominations to challenge for a position on the board of the 142-year-old mutual lender. This challenge comes a decade after Theresa May's pledge to reform corporate governance by giving workers and consumers seats on company boards—a promise that ultimately went unfulfilled.The Event Details: Sherwin-Smith's Quest for Board RepresentationSherwin-Smith's journey to the boardroom has been anything but easy. Over the past two years, he has painstakingly gathered nominations from fellow members, despite facing significant hurdles. Member details were withheld due to data protection rules, and signatures only qualified if nominators maintained certain balance thresholds—£100 or £200 in most cases—over the preceding two years.The former Oliver Wyman consultant has been a vocal critic of Nationwide's governance practices, particularly regarding its £2.9 billion takeover of Virgin Money in 2024 and the 43% pay rise for its chief executive, Debbie Crosbie, which pushed her maximum pay package to £7m. Sherwin-Smith maintains he is against demutualization, aligning with the board's stated position, but argues that the building society's rapid growth has compromised its democratic roots.The Data Analysis: The Rarity of Member-Nominated DirectorsAccording to the Building Societies Association (BSA), there are currently no member-nominated directors serving on any of the UK's 42 building society boards. This marks a significant departure from the original purpose of building societies, which were designed to be member-owned and governed.The last time a member-nominated director held a boardroom seat in Nationwide or any UK building society was in 2002 when Paul Twyman retired. This means that while listed banking rivals like Barclays, Lloyds, and NatWest must answer to shareholders, Nationwide has faced limited intrusive questioning apart from from regulators or members at its virtual-only AGMs.Historically, building societies remain one of the only UK sectors that legally gives customers the right to nominate peers for boardroom elections. However, Nationwide's engagement with members has primarily been through a 6,500-member talkback panel, which critics claim functions more as a market research tool than a genuine governance mechanism.The Impact Analysis: Shaking Up Corporate Governance NormsAndrew Johnston, a professor of company law and corporate governance at Warwick University, believes Nationwide is carefully weighing its options regarding Sherwin-Smith's candidacy. "I suspect they don't want him on the board because he's going to just ask lots of awkward questions about stuff that they want to do," Johnston noted.The potential implications of Sherwin-Smith's success extend beyond Nationwide. If elected, he could set a precedent for other mutual organizations, potentially revitalizing the debate over corporate democracy that began with Theresa May's 2016 speech. Critics argue that without external accountability, mutual organizations risk developing groupthink and poor decision-making.However, concerns remain about the potential for unseasoned members to disrupt established operations. Gareth Thomas, chair of the all-party parliamentary group for mutuals, fears that without proper thresholds, larger institutions might open doors to those seeking demutualization and profit from subsequent payoffs.The Prediction: The Future of Corporate Democracy in Mutual OrganizationsThe outcome of Sherwin-Smith's boardroom challenge could signal a significant shift in how mutual organizations approach governance. If successful, it might encourage more member participation and accountability across the sector. If unsuccessful, it could reinforce the status quo, with boards maintaining significant control over nomination processes and election outcomes.Regardless of the immediate outcome, Sherwin-Smith's campaign has already highlighted tensions between traditional governance models and evolving expectations of transparency and accountability in the financial sector. As mutual organizations continue to navigate an increasingly complex regulatory environment, the balance between professional management and member representation may become a central issue in UK corporate governance debates.
#Nationwide #Corporate Governance #James Sherwin-Smith
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Politics May 17, 2026

Latvia's President Appoints Opposition Leader to Form New Government After Drone Incident

Latvian President Edgars Rinkevics has appointed opposition leader Andris Kulbergs to form a new go…
Political Transition in LatviaLatvian President Edgars Rinkevics has backed opposition lawmaker Andris Kulbergs to replace Evika Silina for the top job after the prime minister resigned over an incident involving Ukrainian drones. Kulbergs, leader of the United List of smaller parties, which forms the largest opposition bloc in parliament, will take office if lawmakers approve him and his cabinet."Considering recent events, I think the new prime minister should come from opposition parties," President Rinkevics told a news conference on Saturday.The Drone Incident That Triggered ResignationLast weekend, the former Prime Minister Silina fired her defence minister, Andris Spruds, after two Ukrainian drones strayed into Latvia from Russia and exploded at an oil storage facility. The incident is only the latest in a series of such events in NATO members Latvia, Estonia, and Lithuania.The drone incidents "clearly demonstrated that the political leadership of the defence sector has failed to fulfil its promise of safe skies over our country", Silina said when explaining Spruds's forced resignation.Political Fallout and Coalition ChangesIn the days following the drone incident, The Progressives party, Silina's left-leaning coalition partner, pulled support from the government and left her without a majority. "I ⁠am resigning, but I am not giving up," Silina said in a televised statement on Thursday, announcing her resignation. Silina had been the prime minister since 2023.President Rinkevics settled on Kulbergs after meeting representatives from all the parties in parliament, reported the Reuters news agency. The president told reporters he had invited Kulbergs to form a government. If Kulbergs were to succeed, the cabinet lineup would still need to be approved by the parliament.Regional Security Implications for NATO's Baltic StatesThe drone incident highlights ongoing security concerns in the Baltic states, which share a border with Russia and have been on high alert since Russia's invasion of Ukraine. Earlier, on May 7, two Ukrainian drones flew over from Russia, with one of them crashing into a petrol depot in the east of Latvia, causing a fire that was quickly contained.Ukrainian President Volodymyr Zelenskyy said after speaking with Rinkevics at a summit in Romania on Wednesday that he would send Ukrainian experts to Latvia to help it boost its air defences.Path Forward Until Next ElectionKulbergs said he hoped to create an "enlarged coalition" to administer Latvia until parliamentary elections are held on October 3. "The president has given me 10 days," he told reporters on Saturday. This transition period will be crucial for establishing a stable government while maintaining Latvia's security commitments within NATO.
#Latvia #Edgars Rinkevics #Andris Kulbergs
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Politics May 16, 2026

Mexican Teachers Threaten World Cup Strike Over Pay Disputes

Mexican teachers are threatening to disrupt the 2026 World Cup through strikes and protests to dema…
The Lead: Teachers' World Cup Ultimatum Mexican teachers have issued a stark warning to the government: address their pay demands or face disruptive protests during the 2026 FIFA World Cup. The powerful union representing educators is leveraging the global spotlight of the tournament to pressure authorities into resolving long-standing salary disputes and working condition issues. The Union's Demands: Beyond Just Salaries The National Coordinator of Education Workers (CNTE), one of Mexico's most influential teacher unions, has presented a comprehensive list of demands that extend beyond immediate pay increases. The union is calling for: A 35% salary increase across all education positions Improved pension benefits Reduced classroom sizes Enhanced job security measures Increased education funding Union leaders have emphasized that these demands aren't new but have been consistently ignored by successive administrations. Economic Implications: High-Stakes Negotiation The potential disruption of the World Cup carries significant economic consequences. Mexico is projected to receive substantial tourism revenue and international exposure during the tournament. The government estimates that any disruption could cost the economy between $500 million to $1 billion in lost revenue, not to mention damage to Mexico's international reputation. On the other hand, meeting the teachers' demands would require substantial budget allocations, potentially straining public finances. The education sector already consumes approximately 25% of Mexico's federal budget. Political Ramifications: A Test for the Administration This confrontation represents a significant political challenge for the Mexican government. The administration must balance between maintaining public order and fulfilling election promises to improve education conditions. Historically, teacher unions in Mexico have wield considerable political influence, often swaying election outcomes in key regions. The timing of this ultimatum—just months before the World Cup—suggests a calculated strategy by the union to maximize leverage. The government faces the difficult task of addressing legitimate educational concerns without setting precedents that could destabilize public sector finances. Future Outlook: Path to Resolution or Escalation? As the 2026 World Cup approaches, the likelihood of either side backing down appears slim. The union has demonstrated willingness to stage large-scale protests in the past, having organized demonstrations that have paralyzed cities for days. The government, meanwhile, has shown increasing resistance to union demands in recent years. International observers are closely monitoring the situation, with FIFA expressing concern about potential disruptions. The coming months will likely see intensified negotiations, with the World Cup serving as both a deadline and a bargaining chip. The resolution of this standoff could set precedents for labor relations across Latin America, where similar tensions are emerging in various sectors.
#Mexico #Teachers #World Cup
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Entertainment May 15, 2026

Valie Export: The Feminist Artist Who Provoked Revolution Through Art

Valie Export, the pioneering Austrian feminist artist whose provocative performances challenged pat…
The LeadPunk, intellectual, feminist, theorist, brave as hell, vulnerable, funny—Valie Export was a hero to many women. Since the 1960s, she was driven by a fierce conviction that art and media would play an essential role in women's liberation: that women must picture their own reality in the name of social progress. In Women's Art: A Manifesto (1972), she wrote that women must "use art as a means of expression, so as to influence the consciousness of all of us". What she demanded was revolution.The Revolutionary Art of Valie ExportI keep returning to her work. Can't stay away. Her work was heavy with explicit threat and pain, and she made evident the violence of forcing women's bodies to inhabit structures that were not designed for them. For the 1973 performance Hyperbulia she crept naked through a corridor of electrified wires, exposing herself voluntarily to shocks. Her 1976 photocollage The Birth Madonna shows a woman positioned like a Renaissance Madonna seated on a drying machine from which spews a bloody towel—it still provokes shock.Challenging Societal ConstraintsExport spoke with tremendous clarity about her work and the ideas underpinning it. Her father died during the war, and she was sent to a convent with her two sisters while their mother worked as a primary school teacher. The first of her many expulsions came aged 10 when she was discovered exploring the nun's living quarters. Her experience of girlhood was of constraint—of having little or no control over her own life.In 1967, aged 27, she swapped her married name Waltraud Höllinger for the moniker VALIE EXPORT. A play on a cigarette brand, written in capital letters, it was a decisive rejection of patriarchal structures. She would be known neither by her father's name, nor by her ex-husband's.The Power of PerformanceHer work was intended to explode the structures containing her—in cinema, in art and in the wider society. In Action Pants: Genital Panic (1969) she walked along the rows of a Munich art cinema with her exposed pubic region level with punters' faces, and plastered the walls of Vienna with posters of herself in crotchless trousers holding a gun.For Tap and Touch Cinema in 1968, she constructed a theatre in a box strapped to her chest, with people on the street invited to reach into the darkness and touch her breasts while she watched them. Documentary of the performance exposes the shifting power dynamic between Export and the men who accept the invitation. It was brilliantly subversive and unsettling.More recently, her 1968 performance From the Portfolio of Doggedness has drawn attention—during which she led Peter Weibel crawling through the streets of Vienna by a dog lead. Weibel was dressed in a business suit, a disturbing echo of the commuters milling around him.A Lasting Feminist LegacyHer 1972 manifesto described how the spark kindled by women's art might ignite far-reaching social change. It concludes by stating the importance of documenting and honouring the life and work of those who had come before, as we must now do hers. "The future of women will be the history of woman."I grieve her in the most selfish way: there were so many things I wanted to ask her about. Having survived decades in which women's art was marginalised and ignored, she had so much to tell us. Like a fool, I kept delaying a planned interview. Now it's too late.
#Valie Export #feminist art #performance art
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Science May 15, 2026

The Cuckoo's Call: A Bird's Eye View of Summer's Arrival

The article describes a personal encounter with a cuckoo on Murlough beach in Ireland, highlighting…
The Cuckoo's Enchanting Song Sheltered from the Irish Sea by the towering white foredunes of Murlough beach, I follow a trail through the heather and scrub. In the distance, the Mourne mountains slip in and out of view, already charred by this year’s wildfires. My attention turns to the season’s happier signs: sand martins chittering overhead; the scratchy cries of a whitethroat deep in the gorse; a meadow pipit stuttering into song flight. And now, the chant that clinches summer’s arrival. Encountering the Cuckoo I follow the cuckoo’s call and find him perched in a stunted sycamore. Through binoculars, I meet his orange eye. As he leans into his song, his jaunty tail and drooping wings make a fin for the long torpedo of his body – the ideal form for a life lived on the move. The Cuckoo's Unique Behavior Despite his hawkish plumage and yellow legs, his bill’s nib betrays that he is no raptor – the cuckoo feeds mainly on invertebrates. Still, he is a source of morbid curiosity for the steady stream of small passerines – pipit, stonechat, linnet, willow warbler – that pass through the twigs to get a good look at him. They sense his threat. The Art of Brood Parasitism In the bird world there are many different kinds of parental care and, depending on the species, either sex, or both, may brood and raise a pair’s young. However, as a brood parasite, the cuckoo takes the “neither” option. This equal opportunity form of parental “selfishness” is a gamble that can be highly productive. The Cuckoo's Reproductive Strategy The female cuckoo “farms” small passerines, like the meadow pipit, by laying up to 20 eggs (one per host nest) across her large territory. If her egg deceives, her chick ejects its “step-siblings” from the nest, so its hapless foster parents devote themselves solely to raising their enormous changeling. Meanwhile, the biological parents skive off back to Africa. A Lasting Fascination Possibly I should feel conflicted about the cuckoo but, as he keeps up the fluting metronome of his song, head bobbing with all the mechanical emphasis of the eponymous clock, I find I’m charmed. Note after note. Year after year. Hatched out of abandonment. Fledged in trust. This story of spring is so well known, but that doesn’t make it any less extraordinary.
#Cuckoo #Birdwatching #Murlough beach
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Entertainment May 15, 2026

Black Diamonds and the Blue Brazil Review – A Daughter’s Quest to Fulfil Her Father’s Final Wish

The audio‑drama‑turned‑stage piece explores a miner’s daughter returning to her Fife hometown to sc…
The Guardian’s review of Gary McNair's stage adaptation of Ron Ferguson’s 1993 book highlights a modest yet emotionally resonant drama that intertwines coal‑mining heritage, the struggles of Cowdenbeath FC (the “Blue Brazil”), and a daughter’s promise to her ailing father.What the Production Unfolds: A Story of Coal, Football and FamilySet in the former mining town of Cowdenbeath, the play follows Sally Venters McAlpine, an aspiring lawyer who returns home after her father dies of black‑lung disease. His final wish – to have his ashes scattered at Central Park stadium the next time the Blue Brazil win – drives the narrative, while the play’s gentle pacing reflects the community’s slow, hopeful endurance.Numbers on Stage: Attendance and Run LengthVenue: Royal Lyceum, EdinburghRun: Until 23 May 2026Original format: Audio drama (2021)Why This Matters for Scottish Theatre and Community NarrativeThe piece underscores a growing appetite for region‑specific stories that celebrate local identity without resorting to grand melodrama. By foregrounding the everyday resilience of a post‑industrial town, it adds to a broader movement in Scottish theatre that prioritises authentic voices and social memory.Looking Ahead: Prospects for Regional Drama and Audience EngagementGiven its modest box‑office expectations and strong critical reception, the production may encourage more playwrights to adapt niche literary works for the stage. Its blend of intimate storytelling and cultural specificity suggests a viable path for future projects seeking both artistic credibility and community relevance.
#Black Diamonds and the Blue Brazil #Gary McNair #Cowdenbeath FC
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