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Familiar number, a more dangerous moment

The yield on the 30-year Treasury bond has climbed back to where it stood in 2007, north of 5%, and it pushed a little higher again this week after the Federal Reserve left its own rates alone. On its face, that sounds almost reassuring, a return to some pre-crisis normal. It is nothing of the sort. The same number today carries a very different, and far heavier, meaning than it did 19 years ago. In 2007, the federal debt held by the public was roughly nine trillion dollars. Today it is about four times that. A yield is simply the price of borrowing, and paying the 2007 price on four ...

Tuning in for AM radio support in new cars

It is rare for me to support anything inserting more government into our lives. However, I'm now looking at one of these exceptions. It's the AM Radio in Every Vehicle Act. The legislation pushes back against automobile manufacturers moving to no longer include AM radio as standard equipment in new cars. The bill mandates a Department of Transportation rule requiring that all new vehicles manufactured in the U.S. or imported come equipped with an AM radio and the ability to receive AM radio broadcasts. At first glance, I felt, as I most always do, that what business is it of ...

Skubal is the prize at MLB trade deadline

A trio of powerful pitching arms — including two-time Cy Young Award winner Tarik Skubal, Freddy Peralta and Mason Miller — highlight the intriguing candidates who could switch teams as Major League Baseball's trade deadline approaches. The deadline is Monday at 6 p.m. EDT. Skubal — ...

Ryu takes 1-shot lead at British Women’s Open

LYTHAM ST. ANNES, England (AP) — Haeran Ryu birdied No. 18 to complete a 2-under 69 for a one-shot lead after two rounds of the British Women's Open on Friday as the South Korean star pursues a third consecutive major victory. Ryu overcame a tough start — including a double bogey on the ...

Big Ten believes top-heavy reputation is unfair

In the debate over which college football conference is strongest, the Southeastern Conference argues its superior depth makes up for the Big Ten winning the last three national titles. The Big Ten calls its reputation as a top-heavy conference unfair. Big Ten Commissioner Tony Petitti considers those three College Football Playoff championships — from Michigan in 2023, Ohio State in 2024 and Indiana in 2025 — testaments to the league's strength from top to bottom. "You cannot send your top teams out into the CFP unless they've played — and have them be successful, which we ...

Renewables may be built to last, but bring high cost

As a retired U.S. Army Colonel and former commander in the U.S. Army Corps of Engineers, with decades of experience delivering critical infrastructure projects, I have seen firsthand what it takes to build safely, efficiently, and responsibly. Whether it’s a bridge, power plant, transmission line, or military installation, every project depends on investors willing to commit capital years before construction is complete. That only happens when they have confidence that the rules won’t change halfway through the process. Building that confidence isn’t easy. Developers invest ...