He has been touted as the best man for the job, but what exactly can Mark Carney expect when he takes on the role of governor at the Bank of England next year? DeAnne Julius, former MPC member, and Chris Giles, economics editor, lay out some of the challenges. Here is a direct link.
And see this clip for an update on the UK fiscal situtation and why they have decided to hire Goldman alumnus Mr. Carney as a high-priced prestidigitator to lead their central bank.
Global mis-selling scandals, from mortgages in the US to pensions in the UK, have cost the financial industry billions. The FT’s Elaine Moore reports on new rules in the UK that should clean up the way financial products are sold. Here is a direct link.
Powered entirely by the sun, this plane is the first of its kind to fly at night. The goal? A 20-day, 20-night trip around the world. 60 Minutes reports. Here is a direct link.
Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity.
