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Economy Jun 01, 2026

The Common Good Economy: Mariana Mazzucato's Vision for Economic Transformation

Economist Mariana Mazzucato's new book 'The Common Good Economy' proposes a radical rethinking of e…
The LeadWhen Keir Starmer won a landslide Labour majority promising to pursue five governing "missions", the high-profile leftwing economist Mariana Mazzucato was credited as an inspiration. Two years on, her bracing new book helps shed light on why Labour in power has struggled to project the sense of direction that "mission-led government", as Mazzucato calls it, requires.A New Framework for Economic PolicySynthesising and extending her earlier work, here she proposes "a new economics of collective action around the common good". From this perspective, the economy is not a concatenation of rapacious independent forces, to be contained and offset by public policy, but a project – or rather a series of projects – with direction and purpose.The Five Principles of Common Good EconomicsThe "compass" in the title is really a set of five principles, all of which Mazzucato says such an economy should have: purpose and "directionality"; co-creation by citizens; collective learning; reward sharing; and accountability. Each of these principles is set out in detail. Co-creation implies grassroots participation in designing and redesigning government programmes, for example – because, "when people help define a problem and develop and implement solutions, they see them as theirs rather than something imposed on them".Reward Sharing and PredistributionReward sharing means ensuring the creators or rightful owners of economic value stand to benefit: from Indigenous people whose homes lie near raw material deposits, to social media users whose data fuels Big Tech's profits. That implies radical tax reform – including greater use of wealth taxes – and the robust use of conditions in public contracts, to make sure workers and taxpayers get their fair share: an approach she calls "predistribution".Critique of Labour's Economic ApproachAccording to Mazzucato's definition, Labour's attempt at mission-led government badly missed the mark. Its first and overriding goal – "kickstart economic growth" – cannot be a "mission" at all, because it lacks the necessary purpose. What, in other words, is that economic growth meant to be for? While her scope in this ambitious book is global, the analysis also dismantles Starmer's claim to be pursuing national "missions", by setting out just how radical – and radically different – that would look in practice.Practical Examples and Global Applications"The seeds of transformation are everywhere," she says, citing inspiring projects that range from delivering healthy and sustainable school meals in Sweden to the EU's mission to support cities to become climate-neutral, to the international Nagoya Protocol on sharing the benefits of genetic resources and traditional knowledge. Echoes of Mazzucato's mindset are detectable in some Labour policies – from using the threat of legislation to cajole pension funds to invest more in UK assets, to writing conditions on youth training into clean energy contracts.The Future of Economic DirectionEconomies work best, she believes, when they pursue grand collective goals – developing and distributing a vaccine for a pandemic; or confronting the climate emergency (or, though she doesn't lean on the example here, tooling up for a new and more frightening geopolitical era). We should ask, she says, "not which market failure do we want to be fixed, but what direction do we want the economy to sail in".
#Mariana Mazzucato #Labour Party #Economic Policy
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Sports Jun 01, 2026

Victor Wembanyama's Half-Court Masterpiece Spurs Spurs to Series Tie

Victor Wembanyama's stunning half-court buzzer beater in Game 4 of the Western Conference Finals pr…
The Lead: Buzzer Beater BrillianceVictor Wembanyama called for the ball with the San Antonio Spurs up by nine at the tail end of the second quarter. Down 2-1 in the Western Conference Finals to the Oklahoma City Thunder, building the lead in the final seconds of the half felt urgent. With only enough time to reach half-court before the clock forced him to shoot, Wembanyama hoisted the ball into the air from 43 feet. The buzzer sounded as the ball slammed cleanly into the basket, a moment that would help propel the Spurs to a 21-point victory and tie the series.The Technical Breakthrough: Beyond the Three-Point ShotThe buzzer-beater brought to mind the long three Wembanyama hit in Game 1, which forced a second overtime when the Spurs were struggling for offense and on the brink of defeat. That shot was from a mere 32 feet but was executed under more pressure when other, safer options were available. Three-point shooting is not even the Frenchman's most potent skill. His repertoire includes remarkable moments like missing a tip-in, then correcting it with a backwards tap over his head, delivering spiteful blocks, and simply intimidating opposing players who might otherwise attempt to drive to the basket.The Series Dynamics: Thunder's Depth vs Wembanyama's BrillianceThrough four games of this postseason matchup, it seems clear that the Thunder are the better and deeper team. San Antonio's starters have narrowly outplayed Oklahoma City's, but the Thunder's bench has proven stronger by about five times that margin. The depths of Wembanyama's talents have been required just to keep this series competitive. In Game 1, Wemby produced a 41-24 double-double that had many wondering if the Thunder could do anything to stop him. Thunder's center Isaiah Hartenstein has offered the rejoinder, wrapping his 7ft 4in opponent in a buffet of bear hugs that evade referees' whistles, minimizing Wembanyama's ability to get into the paint.The Impact Analysis: A Precarious Path to VictoryThe Spurs have a path to victory here, but it remains precarious: Get herculean performances from Wembanyama, and just enough from everybody else. The Spurs' crucial offensive creators in De'Aaron Fox and Dylan Harper are compromised, while Devin Vassell and Stephon Castle are excellent on both ends but don't take over games. Wembanyama knows the deal, as evidenced by his ridiculous 32-footer to rescue Game 1. He took that long three-pointer with 19 seconds left on the shot clock out of necessity when his teammates' ability to generate offense was failing.The Future Outlook: Wembanyama's Unlikely TriumphsMore than anything, you can see how vital Wembanyama is to his team when he has to rest and his backup, Luke Kornet, comes in. Kornet is a perfectly good player who could start on the Lakers, but in this series, at this standard, he borders on unusable. The Thunder still outscored the Spurs by nine in Kornet's 13 minutes of playing time, while the Spurs won Wembanyama's minutes by twenty-nine. The Spurs are young and dealing with enough injuries, and the Thunder are a special enough team, that Wembanyama is the underdog. His triumphs can still feel unlikely, and are worth cherishing for as long as that's true.
#Victor Wembanyama #San Antonio Spurs #Oklahoma City Thunder
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Sports Jun 01, 2026

Day Nine at Roland‑Garros: Cobolli, Potapova, and Keys Lead the Charge in a Star‑Studded French Open

Day nine of the 2026 French Open saw rising stars Flavio Cobolli and Anastasia Potapova in action, …
Live Overview: Day Nine Kicks Off at Roland‑GarrosThe ninth day of the 2026 French Open unfolded with a mix of promising talent and high‑stakes matches across both courts. French‑speaking fans were greeted with a lively introduction and a promise of “another banger absolu,” setting the tone for a day where the absence of several top‑seeded men opened the field for new contenders.Cobolli’s Clay Mastery and Early Men’s ShowdownsFlavio Cobolli opened on Court Chatrier against Zach Svajda, showcasing the aggressive‑defensive style that suits the Parisian clay. On Court Lenglen, Anastasia Potapova faced Anna Kalinskaya after her upset over defending champion Coco Gauff. Later, Madison Keys (2025 Australian Open champion) took on Diana Shnaider, with a potential semi‑final clash against Naomi Osaka or Aryna Sabalenka. In the men’s draw, Matteo Berrettini, Félix Auger‑Aliassime and Frances Tiafoe each began their quarter‑final quests against Juan Manuel Cerundolo, Alejandro Tabilo and Matteo Arnaldi respectively.Key match‑ups: Cobolli vs Svajda, Potapova vs Kalinskaya, Keys vs Shnaider.Men’s quarter‑final prospects: Berrettini, Auger‑Aliassime, Tiafoe.Ranking Stakes and Prize Money ImplicationsAdvancing to the quarter‑finals at Roland‑Garros brings a substantial boost in both ATP/WTA ranking points and prize money, intensifying the pressure on players seeking to climb the year‑end rankings. For emerging talents like Cobolli and Potapova, a deep run could translate into a breakthrough in the top‑50, while established stars such as Keys and Auger‑Aliassime aim to solidify their positions in the top‑10.How the Absence of Djokovic, Alcaraz and Sinner Reshapes the TournamentThe draw’s notable void—missing Novak Djokovic, Carlos Alcaraz and Jannik Sinner—has turned the French Open into a rare open‑field Grand Slam. This vacuum reduces the barrier for lower‑seeded players, turning every match into a potential upset and increasing the tournament’s unpredictability.Opportunity for first‑time Grand Slam semi‑finalists.Higher motivation for mid‑rank players to capitalize on the open draw.What the Day’s Results Mean for the Rest of the French OpenIf Cobolli, Potapova and Keys secure victories, they will likely become the faces of the second week, attracting media attention and sponsor interest. A win for Félix Auger‑Aliassime would position him as a favorite for the title, while the outcomes of the men’s quarter‑finals will set the stage for a possible new champion emerging from a field without the usual dominant trio.Overall, day nine has reinforced the narrative of a transitional French Open, where the next generation is poised to seize the moment.
#French Open #Flavio Cobolli #Félix Auger‑Aliassime
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Sports Jun 01, 2026

Premier League 2025-26 Season Highlights in 100 Photos

The Premier League 2025-26 season has begun with exciting matches, including Liverpool's late win a…
The Premier League 2025-26 Season Kicks OffThe Premier League 2025-26 season started with a bang, featuring several thrilling matches. Reigning champions Liverpool began their campaign with a late 4-2 win over Bournemouth at Anfield, their first game back following the death of Diogo Jota. The Reds then secured narrow victories against Newcastle and Arsenal, with Dominik Szoboszlai scoring a stunning free-kick against Arsenal that won goal of the month.Meanwhile, Manchester City suffered a difficult start, losing 2-0 at home to Tottenham and 2-1 away at Brighton. Everton marked the opening of their new home stadium, Hill Dickinson Stadium, with a win. Sunderland, back in the top flight, made a strong start with two wins from their first three matches.Key Matches and MomentsAugust 15: Fans pay tributes to Diogo Jota near Anfield.August 16: Martin Dubravka of Burnley fails to reach a Richarlison strike at Tottenham Hotspur Stadium.August 16: Diego Gómez of Brighton gets involved in a 1-1 draw with Fulham.August: Riccardo Calafiori scores for Arsenal against Manchester United at Old Trafford.
#Premier League #Liverpool #Manchester City
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Sports Jun 01, 2026

IFAB Introduces Landmark Rule Changes for World Cup 2026

The International Football Association Board (IFAB) announced a suite of new laws that will debut a…
The IFAB Blueprint: New Laws Set for the 2026 World CupThe international self‑regulatory body for football, IFAB, revealed on Sunday a package of rule changes that will be enforced from the 2026‑2027 season and, for the first time, at a major tournament – the 2026 FIFA World Cup.Pierluigi Collina, FIFA Chief Refereeing Officer, described the amendments as a way to "tackle discrimination, cut time‑wasting, enhance match tempo and improve both the player and fan experience."Concrete Rule Shifts: What Players and Officials Must Now FollowRed card for mouth‑covering in confrontations: Players who hide their mouths with hands, arms or shirts during disputes will be sent off.Red card for leaving the pitch in protest: Any player or team official who incites a walk‑off will be dismissed, and the team may forfeit the match.Five‑second visual countdown for throw‑ins and goal‑kicks; failure hands possession to the opposition.Ten‑second substitution window: Substituted players must exit within 10 seconds or the replacement can only enter after a minute‑long stoppage.One‑minute off‑field treatment for injured outfield players after medical staff intervene.Expanded VAR scope: Review of clear‑cut red‑card errors, mistaken identity, incorrectly awarded corner kicks and pre‑restart fouls.Three‑minute hydration break in each half, timed around the 22nd minute.Goalkeeper injury timeout: No players may leave the field while a goalkeeper receives on‑pitch treatment.Numbers Behind the Changes: Quantifying the ImpactRed‑card offences now cover mouth‑covering and field‑walk‑offs, potentially adding 2–3 dismissals per match.The 5‑second countdown reduces average throw‑in and goal‑kick delays by an estimated 4–6 seconds per set piece.Substitution timing cuts player‑exit time from the current average of 15 seconds to 10 seconds.Mandatory 3‑minute hydration breaks add 6 minutes of total stoppage time per game, balanced by faster restarts elsewhere.Why These Rules Matter: Shaping the Future of the Beautiful GameBy criminalising mouth‑covering in heated moments, IFAB directly addresses recent incidents of alleged racial abuse, signalling zero tolerance for discrimination. The walk‑off sanction deters teams from using protest as a tactical weapon, preserving match integrity. Countdown timers and stricter substitution windows accelerate play, catering to broadcasters’ demand for a faster‑paced product and enhancing spectator engagement. Expanded VAR usage aims to reduce critical errors, restoring confidence in officiating decisions.Looking Ahead: Potential Ripple Effects Beyond 2026If the 2026 World Cup demonstrates smoother flow and fewer disciplinary controversies, the new laws are likely to become permanent fixtures in domestic leagues worldwide. Critics may argue that the stricter enforcement could increase red‑card counts, prompting a review of disciplinary thresholds. Moreover, the broader VAR remit could set a precedent for further technological integration, such as AI‑driven off‑side analysis, reshaping the officiating landscape for the next decade.
#IFAB #FIFA #World Cup 2026
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World Wide Jun 01, 2026

Iran's IRGC Launches Retaliatory Strike Against US Forces

Iran's Islamic Revolutionary Guard Corps (IRGC) launched a retaliatory strike on a US base in respo…
The Retaliatory Strike Iran's Islamic Revolutionary Guard Corps (IRGC) says it launched a retaliatory strike on a base used by US forces that it claims was used for an attack on an Iranian communications tower. The IRGC Aerospace Force fighters targeted the airbase where the aggression originated, and the predicted targets were destroyed. The Escalation The attacks come after the United States said it carried out strikes on Iran this weekend in response to 'aggressive Iranian actions that included the shootdown of a US MQ-1 drone that was operating over international waters.' US fighter aircraft swiftly responded by eliminating Iranian air defenses, a ground control station, and two one-way attack drones that posed clear threats to ships transiting regional waters. The Fragile Ceasefire The attacks, the latest in several exchanges of fire in recent days, come as indirect negotiations between the US and Iran to formalize a fragile ceasefire that took effect in April continue. There have been mixed signals about whether the two sides are close to an agreement to extend the fragile truce. The Potential Memorandum of Understanding The two sides have reportedly been reviewing a potential memorandum of understanding (MoU) that would extend the ceasefire for a further 60 days and begin negotiations to end the war permanently. The MoU will state that shipping through the Strait of Hormuz is to be 'unrestricted,' meaning there will be no tolls, no 'harassment,' and that Iran will have 30 days to remove all sea mines. Iran's Response Iran's Foreign Ministry spokesperson Esmaeil ‌Baghaei said on Monday that any delay ⁠in ⁠the diplomatic process to end the war can ⁠be explained by a lack of trust, ⁠Washington's contradictory positions and Israel's attacks on Lebanon. Negotiations have started amid severe suspicion and mistrust, and the exchange of messages is taking place in ⁠this atmosphere. Trump's Statement US President Donald Trump said in a statement on his Truth Social platform late on Sunday, Tehran 'really wants to make a deal' and that whatever deal is reached will 'be a good one' for the US 'and those that are with us.' He lashed out at domestic critics for 'negatively 'chirping'' about his handling of the war but made no mention of the US strikes on Iran.
#Iran #US #IRGC
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Sports Jun 01, 2026

Vinicius shines as Brazil thrashes Panama 6-2 in World Cup warm-up

Brazil beat Panama 6-2 in a World Cup warm-up match, with Vinicius Jr scoring a dazzling early goal…
The Star Performance Vinicius Jr turned the Maracana into his personal welcome-home party, scoring a dazzling early goal and setting up another to fire Brazil to a 6-2 friendly win over Panama. The Event Details The match was played with Brazil missing several key players, including Neymar, who is expected to miss their June 13 opener against Morocco with a calf injury. Gabriel Magalhaes, Marquinhos, and Gabriel Martinelli were also absent after the Champions League final. The Scoring Spree Vinicius Jr scored the opening goal in the 2nd minute. Michael Murillo equalized for Panama in the 14th minute. Vinicius Jr set up Casemiro's goal in the 39th minute. Rayan scored in the 52nd minute. Lucas Paqueta made it 4-1 in the 60th minute. Igor Thiago added the fifth from the spot in the 63rd minute. Danilo scored the sixth in the 81st minute. Carlos Harvey replied for Panama in the 84th minute. The Impact Analysis The win was an encouraging one for Brazil ahead of the World Cup, despite missing several key players. Vinicius Jr's performance was particularly impressive, showing his skill and creativity on the pitch. The Future Outlook Brazil face Egypt next weekend before opening their Group C campaign against Morocco. Panama, in Group L with England, Croatia, and Ghana, still play Dominican Republic and Bosnia before facing Ghana on June 16 in their World Cup debut.
#Brazil #Vinicius Jr #World Cup
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Sports Jun 01, 2026

Champions League Team of the Season Revealed

The Champions League team of the season has been revealed, featuring top players like Lamine Yamal,…
The Champions League Team of the Season This year, the Champions League team of the season has been carefully selected with a unique format: only one player per team. This approach provides an overall view of the Champions League season, highlighting exceptional players from various clubs. Goalkeeper: David Raya (Arsenal) David Raya, the Arsenal goalkeeper, had a remarkable season, making heroic saves and maintaining high standards throughout. He closed the Champions League campaign with nine clean sheets, conceding just five goals in 14 matches. Right-back: Pedro Porro (Tottenham) Pedro Porro, a Spurs player, made the cut with his impressive skills as an overlapping full-back. His performance was key in Tottenham finishing fourth in the group stage. Centre-back: Alessandro Bastoni (Inter) Alessandro Bastoni, Inter's centre-back, was instrumental in their defensive success, conceding just seven goals in the group stage. He served as the team's organiser and deep-lying playmaker. Centre-back: Odin Bjørtuft (Bodø/Glimt) Odin Bjørtuft, the Norwegian centre-back, was a standout player for Bodø/Glimt, helping the team beat top clubs like Manchester City and Atlético Madrid. He ranked third in ball recoveries with 81. Left-back: Matteo Ruggeri (Atlético Madrid) Matteo Ruggeri, the Italian left-back, was a key player for Atlético Madrid, helping the team reach the semis for the first time since 2016-17. He successfully defended against Barcelona's Lamine Yamal in a crucial quarter-final match. Defensive midfielder: Morten Hjulmand (Sporting) Morten Hjulmand, Sporting's Danish captain, was at the fulcrum of their Champions League success. He will be heavily featured in summer transfer talk due to his impressive performances. Central midfielder: Aleix García (Bayer Leverkusen) Aleix García, Bayer Leverkusen's central midfielder, was a key player in their run to the last 16. He completed 91.25% of his passes and scored a spectacular goal against PSG. Central midfielder: Dominik Szoboszlai (Liverpool) Dominik Szoboszlai, Liverpool's Hungarian midfielder, was among the exceptions in an otherwise disappointing season. He scored five goals in 12 Champions League matches and was star man in a 4-0 win against Galatasaray. Left-wing: Khvicha Kvaratskhelia (PSG) Khvicha Kvaratskhelia, PSG's left-winger, was one of the best players in the competition this season. His blend of orthodox wing play and explosive power made him a standout performer. Right-wing: Lamine Yamal (Barcelona) Lamine Yamal, Barcelona's young talent, showed moments of brilliance despite injuries and growing pains. His skills and creativity on the field made him an inevitable choice for the team of the season. Striker: Harry Kane (Bayern Munich) Harry Kane, Bayern Munich's striker, had an impressive season with 14 goals. He showed another side of his game, understanding and creativity with Bayern's wingers, making him a worthy successor to Robert Lewandowski.
#Champions League #Lamine Yamal #Harry Kane
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Lifestyle Jun 01, 2026

Dance Festival Immersion: From Terrified Novice to Weekend Warrior

A first-time dancer chronicles their experience taking multiple dance classes at Melbourne's Rising…
The Dance Challenge: A Weekend Immersion As I wait for my first Cuban salsa class to begin, I have the distinct feeling that I am poorly prepared. I'm wearing heavy jeans, a bulky woollen sweater and boots. I have never done a dance class in my life – or any kind of exercise class. I don't know anything about salsa, Cuban or otherwise. Standing alone, I notice that everyone has come with at least one friend, and begin to suspect that it takes two to Cuban salsa. This year, Rising festival – Melbourne's winter arts offering – has consolidated its longstanding dance focus into a mini-festival: the inaugural Australian Dance Biennale, showcasing Australian and international work. There's also a series of dance classes, romantically titled The Land of 1000 Dances, held in the romantically decrepit Flinders Street Ballroom. Running daily until 7 June, with classes costing $29 a pop, the diverse schedule includes Afro-fusion, ballroom, voguing, waltz and K-pop for teens and tweens. From Salsa to Shuffle: A Dancer's Journey As an audience member, I am an avid appreciator of dance; as a participant, I can most kindly be described as "curious" but uncoordinated. What if I went to a bunch of dance classes and then wrote about it? Precisely 24 hours before my first class, the misgivings begin – doing my first dance class while dressed for the show I'm seeing directly afterwards sounds like a bad idea. At the ballroom, I am briefly reassured: the crowd is a diverse mix of ages, genders and bodies, and hardly anyone is wearing dance-appropriate clothing. But the class itself is a blur – sometimes literally – as I try to learn and enact the cucaracha, the guapo and other basic Cuban salsa moves; attempt to locate the beat, my hips, any sense of coordination at all. Every time I feel as though I'm starting to get the hang of something, the instructor adds a new step. Then he corrals us into pairs – and a series of new moves, yelling "change partners!" every three minutes. Going solo, it turns out, is fine: everyone is friendly; many seem as unsure as I am. Some are nailing it but there's a sense of camaraderie: we're all in this together. That said, we're all a bit too sweaty to be holding each other. The Social Dynamics of Dance Classes I move from absolute befuddlement, through occasional moments of triumph, to a sense of quiet despair. A move that involves a 360-degree rotation to an eight-count almost breaks my spirit and I consider quitting. To my surprise, this awakens a latent fighting spirit: screw the rules, I'm doing it my way. I experience brief elation. Then we change partners and I find myself in a cursed duet involving four left feet. The elation shrivels. The class ends and I run to the theatre feeling like a dank, demoralised biohazard. I spend the next hour watching a show by the Irish choreographer Oona Doherty featuring a mix of professional, student and untrained dancers – and I mentally salute them all, with a newfound appreciation for the dark art of dance. Finding Joy in Movement I approach my next class, Melbourne shuffle, with a sense of dread. Not only do I now know how bad I am but I have agreed to be photographed. And I made the choice without knowing anything about the Melbourne shuffle, mistakenly assuming it was somewhere in the ballpark of the city's other great cultural tradition. This feeling I am experiencing, I discover, is known as "endorphins". The physical exertion, the mental focus required, the social connection – it all combines to create a chemical cocktail that makes the experience worthwhile despite the occasional humiliation. By the end of my dance weekend, I haven't become a dancer, but I've gained a profound respect for those who are. The Australian Dance Biennale and The Land of 1000 Dances offer not just entertainment, but an invitation to participate, to challenge oneself, and to discover new dimensions of movement and expression.
#Rising Festival #Australian Dance Biennale #Melbourne
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