The Economist Special Report: “Governments Going Broke” – 10.18.25

THE ECONOMIST SPECIAL REPORT: Governments going broke – In many of the world’s big economies, public finances are heading for a crisis. Henry Curr argues the consequences will be profound


→Across the rich world, fiscal crises loom

→How much public debt is too much?

→Fixing the welfare state looks electorally impossible

→Economic growth is unlikely to prevent fiscal crisis

→Big, rich countries have rarely repaid debt with surpluses

→How do some countries avoid debt?

→The case against holding bonds

SCIENCE MAGAZINE – OCTOBER 16, 2025

Science issue cover

SCIENCE MAGAZINE: The latest issue features ‘Advanced Nanoscopy’ – 3D rendering of photochemically sectioned brain tissue.

DNA from rum-soaked fishes chronicles century of change

Museum specimens reveal loss of genetic diversity in marine fishes of the Philippines

Did lead poisoning help drive human evolution?

“Bold” hypothesis suggests tolerance for lead allowed Homo sapiens to outlive Neanderthals

Architects of molecular cages win Chemistry Nobel

Spongelike materials called metal-organic frameworks can separate and store gases

Chaos and confusion as U.S. shutdown drags on

Mass layoffs, and subsequent reversals, have added to research spending woes

THE ECONOMIST MAGAZINE – OCTOBER 18, 2025 PREVIEW

THE ECONOMIST MAGAZINE: The latest issue featuresThe coming debt emergency

The rich world faces a painful bout of inflation

Governments are living far beyond their means. Sadly, inflation is the most likely escape

Brute force is no match for today’s high-tech drug-runners

They are more inventive and adaptable than ever

The America v China spat reveals a dangerous dynamic

A balance of economic terror is no basis for stability

First Brands is a painful but necessary warning for Wall Street

Lessons from a $10bn panic on the prairie

Why Trump is looking the wrong way in the Arctic

Forget Greenland; worry about Alaska

THE NEW YORK REVIEW OF BOOKS – NOVEMBER 6, 2025

THE NEW YORK REVIEW OF BOOKS: The latest issue features Jed Perl on critical thinking, Mark Lilla on the MAGA nation, Ben Lerner on his heart, Clare Bucknell on female critics in early modern England, Cora Currier on twenty-five years of the “war on terror,” Peter E. Gordon on the religion of sociology, Wyatt Mason on Guy Davenport, Josephine Quinn on St. Augustine of Africa, Geoffrey O’Brien on Kavalier and Clay at the Met, Nitin K. Ahuja on the science of death, Darryl Pinckney on James Baldwin, a painting by Maira Kalman, poems by April Bernard and Amit Majmudar, and much more.


Impassioned Ferocity

A critic’s power lies in the testing of deeply held beliefs about the nature of art and art’s place in the world against the experience of specific artworks.

Authority by Andrea Long Chu

All Things Are Too Small: Essays in Praise of Excess by Becca Rothfeld

Those Passions: On Art and Politics by T.J. Clark

Criticism and Truth: On Method in Literary Studies by Jonathan Kramnick

No Judgment by Lauren Oyler

Storm Warnings

The MAGA movement is not fed by conservative ideas but by a nihilistic, apocalyptic determination to stage a counterrevolution against the Sixties, against liberalism, against even democracy itself.

When the Clock Broke: Con Men, Conspiracists, and How America Cracked Up in the Early 1990s by John Ganz

Furious Minds: The Making of the MAGA New Right by Laura K. Field

A Brief Literary Emancipation

Early modern female writers, who were denied the sort of authority usually needed to write literary criticism, were also freed from its constraints.

Sex and Style: Literary Criticism and Gender in Early Modern England by Elizabeth Scott-Baumann

ZENDEGI-E NORMAL

After the theocracy’s fall, the search for a normal life becomes Iran’s quietest revolution.

By Michael Cummins, Editor | October 16, 2025

This speculative essay, based on Karim Sadjadpour’s Foreign Affairs essay “The Autumn of the Ayatollahs,”  transforms geopolitical forecast into human story. In the imagined autumn of the theocracy, when the last sermons fade into static, the search for zendegi normal—a normal life—becomes Iran’s most radical act.

“They said the revolution would bring light. I learned to live in the dark.”

The city now keeps time by outages. Twelve days of war, then the silence that follows artillery—a silence so dense it hums. Through that hum the old voice returns, drifting across Tehran’s cracked frequencies, a papery baritone shaped by oxygen tanks and memory. Victory, he rasps. Someone in the alley laughs—quietly, the way people laugh at superstition.

On a balcony, a scarf lifts and settles on a rusted railing. Its owner, Farah, twenty-three, hides her phone under a clay pot to muffle the state’s listening apps. Across the street, a mural once blazed Death to America. Now the paint flakes into harmless confetti. Beneath it, someone has stenciled two smaller words: zendegi normal.

She whispers them aloud, tasting the risk. Life, ordinary and dangerous, returning in fragments.

Her father, gone for a decade to Evin Prison, was a radio engineer. He used to say truth lived in the static between signals. Farah believed him. Now she edits protest footage in the dark—faces half-lit by streetlamps, each one a seed of defiance. “The regime is weakening day by day,” the exiled activist on BBC Persian had said. Farah memorized the phrase the way others memorize prayers.

Her mother, Pari, hears the whispering and sighs. “Hope is contraband,” she says, stirring lentils by candlelight. “They seize it at checkpoints.”

Pari had survived every iteration of promise. “They say ‘Death to America,’” she liked to remind her students in 1983, “but never ‘Long Live Iran.’” The slogans were always about enemies, never about home. She still irons her scarf when the power flickers back, as if straight lines could summon stability. When darkness returns, she tells stories the censors forgot to erase: a poet who hid verses in recipes, a philosopher who said tyranny and piety wear the same cloak.

Now, when Farah speaks of change—“The Ayatollah is dying; everything will shift”—Pari only smiles, thinly. “Everything changes,” she says, “so that everything can remain the same.”


Farah’s generation remembers only the waiting. They are fluent in VPNs, sarcasm, and workaround hope. Every blackout feels like rehearsal for something larger.

Across town, in a military café that smells of burnt sugar and strategy, General Nouri stirs his fourth espresso and writes three words on a napkin: The debt is settled. Dust lies thick on the portraits of the Supreme Leader. Nouri, once a devout Revolutionary Guard, has outlived his faith and most of his rivals.

He decides that tanks run on diesel, not divinity. “Revelation,” he mutters, “is bad logistics.” His aides propose slogans—National Dignity, Renewal, Stability—but he wants something purer: control without conviction. “For a nation that sees plots everywhere,” he tells them, “the only trust is force.”

When he finally appears on television, the uniform is gone, replaced by a tailored gray suit. He speaks not of God but of bread, fuel, electricity. The applause sounds cautious, like people applauding themselves for surviving long enough to listen.

Nouri does not wait for the clerics to sanction him; he simply bypasses them. His first decree dissolves the Assembly of Experts, calling the aging jurists “ineffective ballast.” It is theater—a slap at the theocracy’s façade. The next decree, an anticorruption campaign, is really a seizure of rival IRGC cartels’ assets, centralizing wealth under his inner circle. This is the new cynicism: a strongman substituting grievance-driven nationalism for revolutionary dogma. He creates the National Oversight Bureau—a polite successor to the intelligence services—charged not with uncovering American plots but with logging every official’s loyalty. The old Pahlavi pathology returns: the ruler who trusts no one, not even his own shadow. A new app appears on every phone—ostensibly for energy alerts—recording users’ locations and contacts. Order, he demonstrates, is simply organized suspicion.


Meanwhile Reza, the technocrat, learns that pragmatism can be treason. He studied in Paris and returned to design an energy grid that never materialized. Now the ministries call him useful and hand him the Normalization Plan.

“Stabilize the economy,” his superior says, “but make it look indigenous.” Reza smiles the way one smiles when irony is all that remains. At night he writes memos about tariffs but sketches a different dream in the margins: a library without checkpoints, a square with shade trees, a place where arguments happen in daylight.

At home the refrigerator groans like an old argument. His daughter asks if the new leader will let them watch Turkish dramas again. “Maybe,” he says. “If the Internet behaves.”

But the Normalization Plan is fiction. He is trying to build a modern economy in a swamp of sanctioned entities. When he opens ports to international shipping, the IRGC blocks them—its generals treat the docks as personal treasuries. They prefer smuggling profits to taxable trade. Reza’s spreadsheets show that lifting sanctions would inject billions into the formal economy; Nouri’s internal reports show that the generals would lose millions in black-market rents. Iran, he realizes, is not China; it is a rentier state addicted to scarcity. Every reformist since 1979 has been suffocated by those who prosper from isolation. His new energy-grid design—efficient, global—stalls when a single colonel controlling illicit oil exports refuses to sign the permit. Pragmatism, in this system, is a liability.


When the generator fails, darkness cuts mid-sentence. The air tastes metallic. “They promised to protect us,” Pari says, fumbling for candles. “Now we protect ourselves from their promises.”

“Fattahi says we can rebuild,” Farah answers. “A secular Iran, a democratic one.”
“Child, they buried those words with your father.”
“Then I’ll dig them out.”

Pari softens. “You think rebellion is new. I once wrote freedom on a classroom chalkboard. They called it graffiti.”

Farah notices, for the first time, the quiet defiance stitched into daily life. Pari still irons her scarf, a habit of survival, but Farah ties hers loosely, a small deliberate chaos. At the bakery, she sees other acts of color—an emerald coat, a pop song leaking from a car, a man selling forbidden books in daylight. A decade ago, girls lined up in schoolyards for hijab inspections; now a cluster of teenagers stands laughing, hair visible, shoulders touching in shared, unspoken defiance. The contradiction the feminist lawyer once described—“the situation of women shows all the contradictions of the revolution”—is playing out in the streets, private shame becoming public confidence.

Outside, the muezzin’s call overlaps with a chant that could be mourning or celebration. In Tehran, it is often both.


Power, Nouri decides, requires choreography. He replaces Friday prayers with “National Addresses.” The first begins with a confession: Faith divided us. Order will unite us. For a month, it works. Trucks deliver bread under camera lights; gratitude becomes policy. But soon the whispering returns: the old Ayatollah lives in hiding, dictating verses. Nouri knows the rumor is false—he planted it himself. Suspicion, he believes, is the purest form of control. Yet even he feels its poison. Each morning he finds the same note in the intelligence reports: The debt is settled. Is it loyalty—or indictment?


Spring creeps back through cracks in concrete. Vines climb the radio towers. In a basement, Farah’s father’s transmitter still hums, knobs smoothed by fear. “Tonight,” she whispers into the mic, “we speak of normal life.”

She reads messages from listeners: a woman in Mashhad thanking the blackout for showing her the stars; a taxi driver in Shiraz who has stopped chanting anything at all; a child asking if tomorrow the water will run. As the signal fades, Farah repeats the question like a prayer. Somewhere, a neighbor mistakes her voice for revelation and kneels toward the sound. The scarf on her balcony stirs in the dark.


The old voice never returns. Rumor fills the vacuum. Pari hangs laundry on the balcony; the scarf flutters beside her, now simply weather. Below, children chalk zendegi normal across the pavement and draw birds around the words—wings in white dust. A soldier passes, glances, and does nothing. She remembers writing freedom on that school chalkboard, the silence that followed, the summons to the principal’s office. Now no one erases the word. She turns up the radio just enough to catch Farah’s voice, low and steady: “Tonight, we speak of normal life.” In the distance, generators pulse like mechanical hearts.


Nouri, now called Marshal, prefers silence to titles. He spends mornings signing exemptions, evenings counting enemies. Each new name feels like ballast. He visits the shrine city he once scorned, hoping faith might offer cover. “You have replaced revelation with maintenance,” a cleric tells him.
“Yes,” Nouri replies, “and the lights stay on.”

That night the grid collapses across five provinces. From his balcony he watches darkness reclaim the skyline. Then, through the static, a woman’s voice—the same one—rises from a pirated frequency, speaking softly of ordinary life. He sets down his glass, almost reaches for the dial, then stops. The scarf lifts somewhere he cannot see.


Weeks later, Reza finds a memory stick in his mail slot—no note, only the symbol of a scarf folded into a bird. Inside: the civic network he once designed, perfected by unseen hands. In its code comments one line repeats—The debt is settled. He knows activation could mean death. He does it anyway.

Within hours, phones across Iran connect to a network that belongs to no one. People share recipes, poetry, bread prices—nothing overtly political, only life reasserting itself. Reza watches the loading bar crawl forward, each pixel a quiet defiance. He thinks of his grandfather, who told him every wire carries a prayer. In the next room, his daughter sleeps, her tablet tucked beneath her pillow. The servers hum. He imagines the sound traveling outward—through routers, walls, cities—until it reaches someone who had stopped believing in connection. For the first time in years, the signal clears.


Farah leans toward the microphone. “Tonight,” she says, “we speak of water, bread, and breath.” Messages flood in: a baker in Yazd who plays her signal during morning prep; a soldier’s mother who whispers her words to her son before he leaves for duty; a cleric’s niece who says the broadcast reminds her of lullabies. Farah closes her eyes. The scarf rises once more. She signs off with the whisper that has become ritual: Every revolution ends in a whisper—the sound of someone turning off the radio. Then she waits, not for applause, but for the hum.


By late October, Tehran smells of dust and pomegranates. Street vendors return, cautious but smiling. The murals are being repainted—not erased but joined—Death to America fading beside smaller, humbler words: Work. Light. Air. No one claims victory; they have learned better. The revolution, it turns out, did not collapse—it exhaled. The Ayatollah became rumor, the general a footnote, and the word that endured was the simplest one: zendegi. Life. Fragile, ordinary, persistent—like a radio signal crossing mountains.

The scarf lifts once more. The signal clears. And somewhere, faint but unmistakable, the hum returns.

“From every ruin, a song will rise.” — Forugh Farrokhzad

THIS ESSAY WAS WRITTEN AND EDITED UTILIZING AI

The New Republic ———- November 2025 Preview

THE NEW REPUBLIC MAGAZINE: The latest issue features ‘How I Became A Populist’ – My time at the Federal Trade Commission – before Donald Trump fired me – totally changed the way I see our political divide.

Not All Old Candidates Are Joe Biden, and Not All Young Ones Are Great

All things being equal, sure, Democrats ought to lean toward younger candidates. But there are many times when all things aren’t equal.

How the Trump Oligarchy Works: The Case of Stephen Schwarzman

Timothy Noah

Trump’s Big DOJ Scam Accidentally Exposed by MAGA Dimwit Jim Jordan

The Daily Blast With Greg Sargent

TIMES LITERARY SUPPLEMENT – OCTOBER 17, 2025 PREVIEW

TIMES LITERARY SUPPLEMENT: The latest issue features ‘Artist in the making: Joyce Carol Oates on Sally Mann’s photographic craft’

Peer group

The British upper classes today By Michael Hall

Uniquely hers

A how-to book by ‘one of the greatest’ American photographers’ By Joyce Carol Oates

Master of the apocalypse

László Krasznahorkai, Nobel laureate in literature By George Szirtes

Thoroughly modern maenads

Religion, immigration, gender politics and severed heads By Mary Beard

THE NEW YORK TIMES – THURSDAY, OCTOBER 16, 2025

China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game

Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.

China Fans Patriotic Sentiment as Trade War With U.S. Heats Up

Chinese state media is rallying the public and posting old propaganda footage, but officials are also careful to leave room for talks with President Trump.

Oval Office Becomes a Diorama of Power Dynamics as Trump Goes After Rivals

Unwilling to fight for their institutions’ independence, officials watched as President Trump continued his pursuit of control over law enforcement.

Trump Administration Authorizes Covert C.I.A. Action in Venezuela

The development comes as the U.S. military is planning its own possible escalation, and drawing up options for President Trump.

Trump Reshapes Federal Work Force as Shutdown Drags On

Signs grew on Wednesday that President Trump was using the fiscal stalemate to enact sweeping changes.