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The latest analysis shows that the US‑Israeli strike on Iran and the ensuing disruption of the Strait of Hormuz could impose as much as a $1 trillion in extra costs on the global economy, even as oil majors like BP report record first‑quarter earnings. The Looming $1 Trillion Economic Burden from the Middle East Oil Crunch The conflict has tightened supplies of crude and gas, pushing prices to levels not seen since the early 2000s. 350.org, citing International Monetary Fund (IMF) data, estimates that if the Hormuz bottleneck persists, the cumulative hit to households, businesses and governments could exceed $1 tn. Even a swift return to normal flows would still leave an added cost of roughly $600 bn. IMF‑Backed Numbers: $600 bn to $1 tn Added Costs and Oil Giants’ Double‑Digit Profit Surge Baseline cost if Hormuz reopens quickly: ~$600 bn worldwide. Worst‑case scenario (prolonged disruption): > $1 tn in extra economic burden. BP’s Q1 profit: more than doubled year‑on‑year, driven by higher oil and gas prices. Industry profit margins: some majors earning upwards of $30 m per hour from the war‑induced price spike. Why the Crisis Deepens Global Inequality and Fuels Climate Backlash The surge in energy prices ripples through food, fertilizer and transport costs, amplifying inflation in vulnerable economies. Leaders from the Marshall Islands and Malawi warned that the crisis forces emergency measures, cuts to essential services, and threatens progress on climate resilience. Activists at the Santa Marta conference highlighted the stark contrast between soaring oil profits and the growing hardship of ordinary people. What Comes Next: Calls for Windfall Taxes and Accelerated Renewable Transition 350.org and a coalition of civil‑society groups are urging governments to impose a windfall tax on excess oil profits, directing the revenue toward social protection and renewable‑energy investments. The Santa Marta gathering, attended by over 50 nations, pledged to scale up renewable deployment and reduce dependence on fossil fuels. If such policies gain traction, the next few quarters could see a shift in capital from oil majors to clean‑energy projects, reshaping the global energy landscape.

The Concept of a Salon Exhibition The gallery appears to have been set for a party. Mismatched chairs are scattered through the space – ornate gothic throne, wing-backed recliner, stackable school chair. Each points towards a white window painted on to the wall, into which one of 43 equally miscellaneous paintings has been inserted. These paintings are the other party guests, and you must decide who to sit with. Engaging with the Artworks It is a ragtag bunch, and so I decide to start with the people I recognise. But on my way to meet a portrait by Denzil Forrester of the young Haile Selassie, its surface resembling scuffed and polished stone, I am distracted by the glitter of light from a small work by Andrew Cranston. It comes from a young woman who seems to have been transplanted from Dumbarton into a glamorous late Vuillard, her coat shimmering like the scales of a fish caught by late summer sun. The Curator's Vision The host of this “salon”, and the person whose sensibility knits it together, is Matthew Higgs, director of New York’s White Columns gallery and magpie impresario. Some of these artists he has worked with for years, while others, such as Adam Keay, who contributes an oddly compelling beach scene, were invited on the strength of a chance encounter. The Experience of Discovery If you can stick it out to the 40-minute point at which things get really psychedelic, you will discover that you have attracted the attention of security guards. This is because exhibitions are not, for the most part, designed to encourage you to spend a long time in front of art works so much as move you through to the gift shop. But Higgs understands that to have a meaningful experience with a painting requires no technical expertise but only time, an open mind and, ideally, a chair.

Congressional Letter Calls for National Guard Deployment to Counter Drone Threats at 2026 World CupRep. Michael McCaul and Rep. Elijah Crane, members of the House Committee on Homeland Security, urged the Trump administration to empower the National Guard to mitigate drone‑related risks at the upcoming World Cup.Targeted cities: 11 U.S. host cities scheduled to host matches.Recipients of the letter: Homeland Security Secretary Markwayne Mullin, Acting Attorney General Todd Blanche, and Pentagon chief Pete Hegseth.Key concern: fragmented jurisdiction and potential personnel shortages.Security Funding and Resource ImplicationsThe request highlights the need for rapid, scalable resources. While no specific budget figures were disclosed, deploying the Guard nationwide could involve thousands of service members and additional C‑UAS (counter‑unmanned‑air‑system) equipment.Broader Impact on U.S. Event Security and International PerceptionBy positioning the Guard as a central C‑UAS asset, the proposal could reshape federal‑state coordination for large‑scale events, setting a precedent for future tournaments and high‑profile gatherings.The timing coincides with a recent shooting at the White House Correspondents’ Dinner, intensifying public scrutiny of security protocols.Looking Ahead: Federal Response and Policy EvolutionIf the administration adopts the recommendation, we may see:Formal integration of National Guard units into event‑specific security plans.Expanded funding for C‑UAS technology across state and local agencies.Potential legislative proposals to clarify jurisdictional authority during international events.Conversely, a refusal could prompt Congress to pursue separate legislation or increased oversight of DHS and DOJ coordination.

Lead: Free World Cup Watch Parties to Reach Every New YorkerMayor Zohran Mamdani revealed that New York City will stage complimentary fan events in all five boroughs, ensuring that cost‑conscious supporters can enjoy the tournament without draining their savings.Mayor Mamdani Unveils Free Watch Parties in Every NYC BoroughThe city‑wide series includes:Manhattan – Rockefeller CenterQueens – Billie Jean King National Tennis CenterBrooklyn – Brooklyn Bridge ParkThe Bronx – a shopping centre near Yankee StadiumStaten Island – a minor‑league baseball stadiumEach venue will host live match screenings and related festivities, creating a festive atmosphere across the metropolis.Cost Contrast: Free NYC Events vs $150 MetLife Train FareWhile the borough events are free, fans traveling to the actual matches at MetLife Stadium face a $150 round‑trip train fare—nearly twelve times the regular $12.90 price for the 15‑minute, 14 km ride from Manhattan’s Penn Station.A separate fan gathering at Sports Illustrated Stadium in Harrison, New Jersey, will charge a modest $10 entry fee.Broadening World Cup Access for New Yorkers and Regional FansBy offering no‑cost viewing options, the city addresses the financial barrier that could exclude lower‑income fans. The initiative also alleviates pressure on New Jersey’s transit system, which expects roughly 40,000 fans per match to rely on mass transit due to limited parking.Governor Kathy Hochul co‑announced the plan, underscoring a bipartisan commitment to inclusive sports experiences.Potential Ripple Effects on Future Sports Event Hosting in NYCSuccessful execution could position New York as a model for large‑scale, low‑cost fan engagement, influencing how future international tournaments are integrated into urban settings. It may also encourage other cities to negotiate similar community‑focused initiatives when hosting major sporting events.

AI Encroaches on DIY Zine CultureThe self‑published zine, a staple of queer activism, Black feminism, and the riot‑grrrl movement, now faces a technological shift: creators are experimenting with artificial intelligence for layout, artwork, and even code. While some see it as a tool, many view it as antithetical to the handmade, scrappy ethos of zines.Scale of AI Adoption in Zine Production97‑page 90s‑inspired zine produced by Jesse Pimenta and Cheyce Batchelor using Figma’s AI tools.92‑page anti‑AI zine "I Should Be Allowed To Think" by Maddie Marshall, sold on Etsy.Online‑only zines increasingly rely on AI for design, layout, and website generation (e.g., Steve Simkins’s photo zine built with ChatGPT‑generated HTML).Implications for Underground Publishing and Creative AutonomyVeteran zine retailer Jeremy Leslie notes that AI‑generated zines are typically experimental statements about the limits of machine creativity. Creators like Rachel Goldfinger argue AI erodes critical thinking and threatens jobs for artists who rely on manual craft. Meanwhile, platforms such as Polyester now run AI‑detectors on submissions, underscoring a growing gatekeeping response.Future of Handmade Zines in an AI‑Driven LandscapeDespite the tension, many acknowledge that AI’s existence is inevitable. Ione Gamble suggests coexistence may be possible but warns it could undermine the low‑barrier, grassroots nature of zine making. The community’s next steps will likely involve hybrid workflows, clear ethical guidelines, and continued advocacy for the tactile, personal value of handmade publishing.

The UK's Shift towards Renewable Energy Renewable energy will boost the UK's national security and make the country more resilient against potential aggression or sabotage, the government's energy minister has said. Decentralized Power Systems Michael Shanks said widely dispersed wind farms and solar panels were much harder to target than large-scale fossil fuel power stations. They are also not vulnerable to supply shocks, such as the current oil crisis caused by the US-Israel war on Iran and the soaring gas prices that followed Russia's invasion of Ukraine in 2022. The Benefits of Renewable Energy Decentralized power systems are less of a risk of physical attack than large-scale power stations. Renewable energy can deliver energy security in an increasingly uncertain world. The Threat Landscape Shanks was speaking from Ukraine, where over the weekend he visited energy projects that the UK helped to fund. He highlighted the importance of building resilience into the Ukrainian energy system. UK's Renewable Energy Plans The Conservatives and Reform UK have pushed for more drilling in the North Sea, rather than renewables. However, the International Energy Agency has advised against new exploration licences on a commercial basis. The Future Outlook Governments from at least 56 countries are meeting in Colombia for the world's first conference on transitioning away from fossil fuels. The UK's climate envoy, Rachel Kyte, is attending.

The Lead Christopher Harborne, a reclusive billionaire, has been revealed as the primary financial backer of Nigel Farage's Reform UK party, contributing two-thirds of its total funding. His financial support includes what is reportedly the largest single donation by a living individual to a British political party ever recorded. The Billionaire Behind the Donations Harborne, also known as Chakrit Sakunkrit, maintains an extremely private profile and rarely gives interviews. He is not only a major political donor but also the owner of the Kamalaya wellness sanctuary in Thailand, where he has spoken on topics of longevity and anti-ageing medicine. Despite his significant wealth and influence, little is publicly known about his background, business operations, or full political motivations. The Financial Scale of Support Harborne's financial contributions to Reform UK are substantial, constituting approximately two-thirds of the party's funding. His donations have provided crucial financial resources to Farage's political ambitions at a time when the party has been seeking to establish itself as a significant force in British politics. The scale of his financial backing has raised questions about potential influence over party policies and direction. Political Implications for UK Democracy The revelation of Harborne's massive donations to Reform UK has sparked debate about the role of wealthy donors in British politics. Such large financial contributions from a single source raise concerns about potential political influence and the democratic process. The situation highlights ongoing tensions between financial support for political parties and the principle of political representation being driven by broad public support rather than concentrated wealth. Future of Political Funding in Britain As scrutiny increases on Harborne's donations and their impact on Reform UK, there may be renewed calls for transparency in political funding and potential reforms to limit the influence of large donors. The case could prompt discussions about the current regulatory framework for political donations and whether sufficient measures exist to prevent disproportionate influence by wealthy individuals on the political landscape.

The Rise of the Neet Rate and Structural CausesBritain is facing a 'crisis' in youth employment, with the number of 16- to 24-year-olds not in education, employment, or training (Neet) reaching nearly 1 million—the highest level in over a decade. The Resolution Foundation has identified the UK as having the third-highest Neet rate among Europe's richest countries, trailing only Italy and Lithuania.2019 vs 2025: The Neet rate for 18- to 24-year-olds rose from 13% to 15%.Scale: There are now 900,000 Neets in the UK.Comparison: The UK rate is higher than Germany and Denmark, and more than three times that of the Netherlands.The thinktank attributes this decline to a 'quartet of causes': a rise in ill-health, weak vocational education, a hands-off benefits system, and a deteriorating jobs market.The Economic and Policy Drivers Behind the SurgeThe deterioration of the UK's youth labor market is not solely due to economic cycles but is driven by specific policy decisions and systemic failures. The Resolution Foundation highlights that a weaker jobs market contributed to just over half of the recent rise in Neets since 2019.Employer Costs: Chancellor Rachel Reeves's £25bn rise in employer national insurance contributions (NICs) has been criticized by business leaders for driving up employment costs.Benefits System: Unlike peers with lower Neet rates, the UK has a distinct benefits system where 300,000 young people receive benefits with no requirements to engage with the Department for Work and Pensions.Mental Health: A significant portion of the remaining rise in Neets is explained by rising ill-health, particularly mental health issues.The Societal Cost of a Failing Transition to WorkThe widening gap between the UK and its European peers signals a deeper societal issue regarding the transition from education to the workforce. Lindsay Judge, the Resolution Foundation's research director, argues that the current system 'both expects and provides too little' to claimants.The stark contrast with countries like the Netherlands, which maintains a Neet rate a third of the UK's, underscores the need for a fundamental rethink of how young people interact with the benefit system and access vocational training.The £2.5bn Youth Guarantee and Future Policy OutlookIn response to the alarming statistics, the government is pivoting toward a 'working state' rather than a 'welfare state.' The upcoming policy measures aim to address the barriers preventing young people from entering the workforce.Youth Guarantee: A £2.5bn investment is being deployed to deliver a million opportunities, ensuring every young person has the chance to earn or learn.Independent Review: Former Labour health secretary Alan Milburn is expected to publish findings next month on the barriers stopping young people from getting into work.Disability Support: An additional £3.5bn is being allocated to provide tailored employment support for sick or disabled people.

Flagg Clinches Rookie of the Year Over Former RoommateCooper Flagg secured the NBA Rookie of the Year award, narrowly surpassing his former Duke roommate Jabari Knueppel. At 19 years old, Flagg becomes the second‑youngest winner in league history, trailing only LeBron James.Historic Rookie Season: Leading Team in All Major CategoriesFlagg is the first rookie since Michael Jordan (1984‑85) to lead his team in points, rebounds, assists and steals. The achievement underscores a rare all‑around impact for a first‑year player.Statistical Edge: Numbers That Swung the Vote96 points across two games on the penultimate weekend helped tip the scales.51‑point performance against the Dallas Mavericks marked the first time a teenager scored 50+ in the NBA.273 three‑pointers for Knueppel made him the first rookie to lead the league in that category.Knueppel averaged 18.5 points, 5.3 rebounds, 3.4 assists while shooting 42.5% from three‑point range, joining Larry Bird and Paul Pierce as the only rookies with 15+ points, 5+ rebounds and >40% three‑point shooting.The final ballot was razor‑thin: only 26 points separated Flagg and Knueppel.Impact on NBA Youth Development and Draft StrategiesThe duel between two former college teammates highlights the growing emphasis on early‑career versatility. Teams may prioritize drafting players who can contribute across the stat sheet, rather than specialists, as Flagg’s all‑around game proved award‑winning value.Looking Ahead: Flagg’s Role with the Mavericks and Future ProspectsSelected No. 1 overall by the Dallas Mavericks, Flagg now faces the challenge of translating rookie success into sustained playoff contention. With veteran stars like Kyrie Irving sidelined and roster turnover, Flagg’s development will be a key factor in the Mavericks’ rebuild trajectory.Analysts expect his confidence‑building performances to attract more offensive responsibilities, while his defensive growth will determine whether he can evolve into a franchise cornerstone.