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Tech May 23, 2026

Big Tech Influences Trump's AI Executive Order

President Donald Trump has postponed an executive order that would have called for a government saf…
The Influence of Big Tech on Trump's AI Executive Order Only hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president abruptly backed out. Despite growing public backlash to the technology and experts warning new models will pose critical security risks, Trump vowed the US government would not slow down the AI race. The Event Details During a meeting with reporters on Thursday, Trump cited both American dominance and competition with China and as his reasoning behind the reversal. "I didn’t like certain aspects of it, I postponed it," Trump said of the executive order in the Oval Office. "We’re leading China, we’re leaving everybody, and I don’t want to do anything that’s gonna get in the way of that lead." The Data Analysis Trump’s postponing of the order was a victory for tech leaders who have long opposed AI regulation and spent millions lobbying against it. The decision was also the direct result of their influence, according to reports from multiple news outlets, with tech billionaires including Elon Musk, Mark Zuckerberg and former White House “AI czar” David Sacks personally urging Trump to reverse course in private phone calls. The Impact Analysis The AI industry has greatly benefitted from Trump’s anti-regulation stance. The president has publicly embraced industry leaders including OpenAI CEO Sam Altman while appointing others such as Musk and Sacks to prominent government positions. In December the president signed an executive order seeking to block any state attempts on regulating AI, giving well-worn tech industry talking points about opposing bureaucracy and combating China as his rationale. The Prediction Less than a month after the first reports that the White House was considering vetting AI models, the prospect of the Trump administration creating any stringent AI regulations once again appears extremely unlikely. The threat of a global breakdown in cybersecurity joins disinformation, mass surveillance, as concerns that are not being addressed.
#Donald Trump #Artificial Intelligence #Big Tech
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Economy May 23, 2026

Iran Conflict Keeps U.S. Fuel Prices Elevated Through 2026

Even a swift peace settlement with Iran would not bring U.S. gasoline prices back to pre‑war levels…
War‑Driven Surge Pushes U.S. Pump Prices Above $4.50 Since the U.S. and Israel struck Iran in late February, the national average gasoline price has climbed to $4.55 per gallon (as of 22 May), roughly $1.50 higher than the pre‑conflict level. The spike reflects a 53 % increase in retail fuel costs, according to data from the Guardian’s interactive chart. Quantifying the Shock: Key Price and Supply Metrics $4.55 – current national average gasoline price (22 May 2026). $3.00 – approximate pre‑war baseline. 53 % – price rise since the first U.S.–Israeli strikes. 20 million barrels per day – share of global seaborne crude that transits the Strait of Hormuz (≈25 % of world trade). 30‑60 days – typical time to turn a barrel of crude into finished fuel. Why Prices Won’t Normalize Even If Hostilities End Tomorrow Energy analysts Denton Cinquegrana (Dow Jones Energy) and David Ruisard (Argus Media) stress that the bottleneck is not just the price of crude but the physical state of Gulf infrastructure. Even an undamaged well requires weeks to restart, and large crude carriers move at only about 13 knots, meaning a full backlog could take three to five weeks to clear. Furthermore, the region’s refineries need time to heat up and resume processing, while logistics for repositioning tankers add additional delays. As a result, industry estimates for a return to pre‑war price levels range from six months to two years. Broader Economic Ripple Effects The sustained “war premium” on fuel is feeding inflation and shaping political sentiment, as reflected in recent polls showing a historic backlash against President Trump. Higher pump prices also pressure other transport fuels: diesel remains tight, and jet fuel spikes have forced European airlines to adjust routes, though Ryanair’s CEO Michael O’Leary notes a modest easing as alternative supplies arrive. Despite the cost, travel demand stays strong—AAA projects 45 million Americans will take a Memorial Day trip, potentially setting a new record. Outlook: Volatility Through Summer, Gradual Normalization Post‑Conflict If the Strait of Hormuz reopens immediately, analysts expect summer gasoline prices to settle in the mid‑to‑upper $3 range. If the chokepoint stays closed, prices could creep toward $5 per gallon and possibly set new records. Both Patrick De Haan (GasBuddy) and Cinquegrana agree that any short‑term dip after a peace announcement would be fleeting, driven more by sentiment than fundamentals. Long‑term, countries hit hardest by the shock—such as Pakistan, India, South Korea and Japan—are likely to build strategic reserves, adding a structural floor to demand. In short, even a rapid diplomatic resolution will not erase the supply‑chain lag, and U.S. drivers should brace for elevated fuel costs well into 2027.
#United States #Iran #gas prices
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Technology May 23, 2026

The Great AI Backlash: Has It Begun?

The article discusses the potential backlash against AI, questioning whether the great AI backlash …
The Lead The signs are there. The great AI backlash may have begun. The Event Details The article, written by Fiona Katauskas, presents a critical view of the rapid advancement and integration of AI in various aspects of life. The illustration accompanying the article, also created by Fiona Katauskas, visually represents the sentiment. The Data Analysis No specific data or statistics are provided in the given content. The Impact Analysis The potential backlash against AI could signify a shift in public perception and regulatory approaches to AI development and deployment. This could impact the technology sector, influencing how AI is developed, marketed, and used. The Prediction If the great AI backlash has indeed begun, it may lead to increased scrutiny of AI technologies, potentially slowing their development or leading to more stringent regulations. This could have far-reaching implications for industries relying heavily on AI, from tech and finance to healthcare and transportation.
#AI #Artificial Intelligence #The Guardian
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Business May 22, 2026

Kevin Warsh Sworn in as Fed Chair as Trump Faces Economic Backlash

Kevin Warsh has been sworn in as chair of the US Federal Reserve, tasked with steering the economy …
The Leadership Shift at the Federal Reserve Kevin Warsh has been sworn in as chair of the US Federal Reserve, tasked with steering the world’s largest economy as the Trump administration faces mounting pressure over Americans’ financial wellbeing. Warsh's Mandate Warsh, handpicked by Donald Trump, takes charge of the powerful central bank as it comes under extraordinary pressure from the US president to cut interest rates, even as prices climb. Economic Data Analysis The nationwide average US fuel price stood at $4.55 a gallon on Friday, according to AAA, up $1.35 a gallon from where they stood a year ago. Inflation hit a three-year high of 3.8% in April. The Impact on Trump's Approval Ratings With millions of Americans set to hit the road over Memorial Day weekend, and US fuel prices at their highest levels in years, 68% of Americans believe Trump is prioritizing his controversial immigration crackdown at the expense of their economic wellbeing, according to a new poll. The Future Outlook Warsh pledged to lead a “reform-oriented Federal Reserve”, adding: “Inflation can be lower, growth stronger, real take-home pay higher, and America can be more prosperous, and no less important.” However, criticism from Democrats and some economists suggests that Warsh's credibility is in question.
#Kevin Warsh #Federal Reserve #Donald Trump
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Sports May 22, 2026

England's Leaked World Cup Squad Sparks Fury and Debate

A leaked list of England’s 26‑man squad for the 2026 World Cup was confirmed at Wembley, igniting a…
Leaked Squad Confirmation at WembleyOn Friday, 22 May 2026 journalists gathered at Wembley to verify that the England Geopolitics World Cup squad leaked the previous day matched the official list announced by Thomas Tuchel. The leak, dubbed the "DRIP, DRIP, DRIP" incident, featured controversial exclusions such as Harry Maguire, Cole Palmer and Phil Foden, sparking immediate outrage on social media. Numbers Behind the 26‑Man RosterGoalkeepers: Jordan Pickford, Dean Henderson, James TraffordDefenders: Reece James, Tino Livramento, Marc Guéhi, Ezri Konsa, John Stones, Jarell Quansah, Nico O’Reilly, Dan Burn, Djed SpenceMidfielders: Declan Rice, Elliot Anderson, Jude Bellingham, Jordan Henderson, Morgan Rogers, Kobbie Mainoo, Eberechi EzeForwards: Harry Kane, Ivan Toney, Ollie Watkins, Bukayo Saka, Noni Madueke, Marcus Rashford, Anthony Gordon Fan Backlash and Media SatireSupporters expressed disappointment through memes, mock quotes and a series of "Football Daily Letters" that lampooned the selection process. Notable reactions included:"Harry Maguire left shocked and gutted" – a parody of his alleged social‑media outburst.Calls for Djed Spence and Ivan Toney to be included, while veterans like Lewis Hall and Trent Alexander‑Arnold were branded as snubs.Satirical commentary on the "vibes man" role traditionally filled by Conor Coady, now presumed to be up for grabs. Implications for England’s Tournament ProspectsTuchel emphasized that the squad balances talent with “low‑maintenance fringe players” who contribute to team spirit. The blend of experienced internationals and emerging talents aims to mitigate the risk of injuries and maintain cohesion over a seven‑week tournament. Critics argue that omitting high‑profile names could weaken depth, but the manager insists the selected 26 are “100% committed and know their role.” What Comes Next Under TuchelWith the squad set, England will begin preparations for the 2026 World Cup in the United States. The next steps include:Pre‑tournament training camps at St George's Park in early June.Friendly matches against European opponents to fine‑tune tactics.Continued media scrutiny as fans monitor squad rotation and potential injuries. Tuchel’s reluctance to chase big reputations suggests a pragmatic approach, but the lingering fan discontent may pressure the coaching staff to justify their choices on the pitch.
#England #Thomas Tuchel #Harry Maguire
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Sports May 22, 2026

WSL Academy Teams Set to Join Third Tier Despite Backlash

The FA Women's National League board has approved a controversial plan to allow four WSL academy te…
The LeadA proposal to allow four academy sides from Women's Super League clubs to join the third tier from 2027 has been approved by the FA Women's National League board, despite significant backlash from lower-league clubs. The plans will now be put to the Football Association for further discussion before the changes can be rubber stamped, with a final decision expected in July.The Proposed Structural ChangeUnder the scheme, four professional game academies (PGAs), chosen on the "strength of academy and proportion of English talent," would join the third tier with a three-year license. These academy teams would be prohibited from promotion to the second tier but could be relegated. The other WSL clubs' PGAs would remain in their existing leagues. The FA has also proposed a potential investment package of about £1m, enhancements to legal and medical support in the loan system, and play-offs in tier four.The Division of OpinionThe proposal has divided opinion in the women's game. Manchester City are among several WSL clubs that support the move. The champions' managing director, Charlotte O'Neill, stated they would like to enter an academy team into the third tier, saying: "We've seen in Spain, for example, how powerful that's been for Barcelona." However, a number of lower-league clubs have voiced concerns. Some coaches have vented their frustration on social media, accusing the FA of "rehashing and repackaging" a scrapped plan to introduce WSL B teams. Ian Chiverton, chair of Portsmouth's supporters club, accused the authorities of "pandering to the WSL teams," while Danny Taylor, assistant manager of Mancunian Unity, called the idea an "absolute disgrace."The FA's RationaleSue Day, the FA's director of women's football, defended the governing body's plans, saying she believes the game is at a "crucial turning point." Day added: "Too many talented young players are not getting the opportunities they need to develop, and without action, that risks holding back the future of the sport. A stronger pathway produces better players and strengthens the national team, which in turn fuels the growth and visibility of the game at every level."Future ImplicationsThe introduction of WSL academy teams to the third tier could significantly alter the landscape of women's football in England. While the FA argues that stronger pathways will benefit the national team, critics worry about the impact on existing lower-league clubs and competitive balance. The final decision in July will determine whether this controversial restructuring moves forward, potentially reshaping the women's football pyramid for years to come.
#Women's Super League #FA Women's National League #Football Association
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Entertainment May 22, 2026

The Mandalorian and Grogu Highlights Star Wars' Big Screen Struggles

The Mandalorian and Grogu film highlights ongoing challenges for the Star Wars franchise on the big…
The Star Wars Big Screen ConundrumWhen Disney acquired Lucasfilm for $4 billion in 2012, it seemed like a guaranteed success. The initial trilogy of films under Disney's leadership—The Force Awakens, Rogue One, and The Last Jedi—all earned over $1 billion worldwide. However, despite this commercial success, the franchise has faced increasing criticism and fan dissatisfaction. The latest film, The Mandalorian and Grogu, currently holds a 61% rating on Rotten Tomatoes, barely scraping into the "fresh" category. This raises questions about whether Star Wars has become an impossible franchise to successfully translate to the big screen in the modern era.The Disney+ Success FormulaDisney+ has proven to be a successful platform for Star Wars content, with shows like The Mandalorian, Andor, The Book of Boba Fett, Obi-Wan Kenobi, and Ahsoka finding dedicated audiences. These series have allowed Disney to explore corners of the Star Wars universe that films couldn't address, filling plot holes and expanding the mythology. The Mandalorian, in particular, introduced Grogu (Baby Yoda), a character specifically designed for maximum appeal. However, this streaming success has created a challenge: when the same characters and format are brought to the big screen, they may feel more like extended episodes rather than cinematic events.Financial Performance vs. Critical ReceptionDespite the critical challenges, Star Wars films have remained financially successful. The Force Awakens earned over $2 billion worldwide, Rogue One surpassed $1 billion, and even The Rise of Skywalker, which was widely disliked by fans, still earned Disney more than $1 billion. This financial success has allowed Disney to continue producing Star Wars content, but the declining critical reception suggests a growing disconnect between audience expectations and what the franchise delivers. The Mandalorian and Grogu, while profitable, appears to be following this pattern of commercial success mixed with middling critical reviews.The Franchise Identity CrisisThe article suggests that Star Wars is suffering from an identity crisis on the big screen. Disney has tried multiple approaches: soft-rebooting the original trilogy with The Force Awakens, challenging the mythology with The Last Jedi, and attempting to please all fans with The Rise of Skywalker. Each approach has faced backlash from different segments of the fanbase. The Mandalorian and Grogu takes a safer route, focusing on beloved characters without major revelations about the Force or character lineages. This approach may satisfy existing fans but fails to deliver the grand cinematic experience that audiences expect from a Star Wars film on the big screen.The Mythic Structure ProblemA key insight from the article is that the original Star Wars trilogy worked because it had a clear beginning, middle, and end. The story felt complete with the Empire's fall and Luke's redemption. However, subsequent continuations have undone these victories, reopening narrative wounds and diminishing the impact of the original story. The article suggests that this endless continuation without true resolution has made the Star Wars myth less meaningful over time. Characters are never allowed to complete their emotional arcs, victories are temporary, and the galaxy exists in a state of perpetual conflict without resolution.The Future of Star Wars CinemaLooking ahead, the article implies that Star Wars may need to reconsider its approach to big-screen storytelling. The success of Disney+ shows demonstrates that there's an appetite for Star Wars content, but perhaps the franchise needs to differentiate between cinematic and television experiences more clearly. Alternatively, the franchise might benefit from taking bigger creative risks or allowing stories to reach definitive conclusions rather than maintaining an endless status quo. As The Mandalorian and Grogu shows, simply delivering what fans already know and love in shinier packaging may no longer be sufficient to satisfy both critics and audiences on the big screen.
#Star Wars #The Mandalorian #Disney
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Business May 22, 2026

Standard Chartered CEO Apologises for ‘Lower-Value Human Capital’ Remark Amid AI‑Driven Job Cuts

Standard Chartered’s chief executive, Bill Winters, apologised after describing the 7,800 back‑offi…
Standard Chartered CEO Bill Winters issued a public apology after his description of the 7,800 back‑office jobs slated for redundancy as “lower‑value human capital” sparked a backlash on social media and within the bank.The CEO’s Controversial AI‑Driven Job Cuts CommentWinters said the cuts were not merely cost‑saving but a shift from “lower‑value human capital” to “financial capital and investment capital” as the bank embraces artificial intelligence. He posted the remark on LinkedIn on Friday, then followed with a second note attempting to clarify his wording.Numbers Behind the Workforce ReductionAlmost 8,000 staff are directly affected by the announced cuts.The bank plans to eliminate about 7,800 back‑office roles, roughly 15% of its 52,000 back‑office workforce by 2030.Standard Chartered’s total global headcount stands at nearly 82,000 employees.Key locations impacted include back‑office centres in Chennai, Bengaluru, Kuala Lumpur and Warsaw.Reputational Ripple Effects Across the Banking SectorThe phrasing ignited criticism from employees, industry observers, and the public, with some calling the comment “disgusting” and demanding accountability. The episode highlights the sensitivity around AI‑driven workforce changes and the importance of careful corporate communication.What This Signals for Future AI‑Led RestructuringAnalysts see the incident as a warning that banks must balance efficiency gains from automation with transparent, respectful messaging. Continued AI adoption is likely, but firms may adopt more nuanced language to avoid alienating staff and damaging brand trust.
#Standard Chartered #Bill Winters #Artificial Intelligence
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Business May 22, 2026

Boots Riley on Capitalism and Theft: 'It's What It Was Built On'

Boots Riley, director of 'I Love Boosters,' discusses capitalism, theft, and his communist views, h…
The Unvarnished Truth About Capitalism and Theft Boots Riley, the creative force behind the subversive hip-hop group The Coup and director of films like 'Sorry to Bother You' and 'I Love Boosters,' doesn't shy away from labels. He identifies as a communist, clarifying that many who claim to be anti-capitalist are actually afraid to embrace socialist or communist ideologies. The Event Details: Riley's Perspective on Capitalism Riley views capitalism not just as an economic system but as a tangible bogeyman that suffocates the ambitions of young people. His films use dark comedy and magical realism to critique capitalism, depicting it as a system that inherently promotes theft and inequality. In 'I Love Boosters,' he explores shoplifting as a form of survival and resistance, challenging the notion that theft is outside the bounds of capitalism. The Data Analysis: Economic Impact of Theft Riley argues that theft is not an aberration but a fundamental aspect of capitalism, citing the historical theft of land, minerals, and labor by the bourgeoisie. He disputes the idea that retailers use shoplifting as an excuse to raise profits and points out that companies often use such claims to escalate enforcement and felony charges, ultimately harming workers. The Impact Analysis: Societal and Cultural Ramifications The director's work extends beyond film to his support for social causes, including Palestinian freedom. He draws parallels between his own experiences and those of others, like Melissa Barrera, who faced backlash for her views on Israel. Riley sees his artistic approach as inextricably linked to his message, using surrealism to evoke emotional and visceral reactions to the critique of capitalism. The Prediction: Future of Art and Activism As an independent filmmaker, Riley believes he is relatively insulated from industry pressures but acknowledges the risks of expressing radical views. He questions the service that blacklists and public controversies serve, suggesting they often aim to intimidate rather than expose truths. Riley's work continues to challenge viewers to reconsider their relationship with capitalism and the economic systems that shape their lives.
#Boots Riley #Capitalism #Theft
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