Bubble-Wrapped World: How Safety Culture Has Destroyed Our Sense Of Adventure

The Senate narrowly voted to reject legislation that would require President Donald Trump to end the war against Iran.  The Senate voted against the War Powers resolution 49-50 on Thursday, largely along party lines. Republican Senators Thom Tillis, Susan Collins, Rand Paul, and Lisa Murkowski all voted for the legislation with nearly all Democrats. The […]

ECB Preview: First Rate Hike Since 2023 Markets expect the ECB to hike by 25bps, the first rate hike since 2023, but do not look for explicit guidance on the path ahead, with the Council likely pledging in the statement to set monetary policy in a data-dependent and meeting-by-meeting fashion. Lagarde is likely to highlight that tightening is appropriate, for example, by repeating that the energy shock requires “some measured adjustment” in the policy stance. Goldman does not expect her to provide any specific guidance on next steps but look...