Truth above allWednesday, October 14
Why it matters The shooting revives concern about how firearms reach students inside schools in La Matanza, where a similar incident occurred in September without injuries. It also raises questions about how quickly adults responded and how the weapon entered the building.
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Every so often a story reveals the incentives, exchanges, and market forces Adam Smith examined centuries ago.
Fed's Collins Backs Another Rate Hike by Year-End
WHY IT MATTERSBoston Fed President Susan Collins said she expects the US central bank will need to raise interest rates again before the end of 2026, arguing that further tightening is needed to return inflation to the Fed's 2% target in a timely and lasting way. She supported last month's quarter-point hike to 3.75%-4.00% and flagged three inflation pressures: AI infrastructure investment, tariffs, and Middle East war-driven energy costs.
What Adam Smith would say:I would not assume the market price returns to the natural price without attention to what hinders it.
ReadNarnia: The Magician's Nephew Trailer Unveils Aslan and Jadis
WHY IT MATTERSThe first trailer for Greta Gerwig's Narnia: The Magician's Nephew has been released, offering a modernized take on C.S. Lewis's first book in The Chronicles of Narnia. The clip introduces Beatrice Campbell's Polly Plummer and David McKenna's Digory Kirke as they encounter Daneil Craig's Uncle Andrew, a self-proclaimed magician, and accidentally summon Emma Mackey's Jadis, the White Witch. The film opens in theaters February 12 and on Netflix April 2.
What Oscar Wilde would say:The work of art is to dominate the spectator: the spectator is not to dominate the work of art.
ReadMI5 Chief Confirms Russian Interference in Brexit Vote
WHY IT MATTERSThe head of MI5, Ken McCallum, has confirmed that Russia attempted to interfere in the 2016 Brexit referendum through social media and broadcasters like RT and Sputnik. However, he stressed that these efforts were not sophisticated or successful, and warned that continued debate risks handing the Kremlin a propaganda victory. The comments follow Prime Minister Andy Burnham's claim that interference was clear, which sparked political controversy.
What Machiavelli would say:Attempted interference and a changed outcome are not the same thing, and you do well to keep them apart.
ReadBaywatch Reboot Trailer Debuts with Slow-Motion Beach Runs
WHY IT MATTERSFox has released the first trailer for its Baywatch reboot, a three-minute clip featuring Stephen Amell as a grown-up Hobie Buchannon leading a rescue after a plane hits a parasail. The series, which premieres in January, follows Hobie as a Baywatch Captain whose life changes when he meets the daughter he never knew, Charlie, played by Jessica Belkin. The show was ordered for 12 episodes in September 2025 and began production in Los Angeles in the spring.
What Oscar Wilde would say:The public has always, in every age, been badly brought up, and it is never more badly brought up than when it mistakes a costume for a character.
ReadBig Banks Post Strong Q3 Profits but Warn on Rates and Inflation
WHY IT MATTERSWall Street's largest banks reported another solid quarter on Tuesday, with JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs all posting higher profits than a year earlier. But executives warned that elevated interest rates, persistent inflation and geopolitical uncertainty could weigh on the economy. JPMorgan missed analyst expectations for the first time in nearly three years, while Goldman and Citigroup beat forecasts and Wells Fargo also topped estimates.
What Adam Smith would say:Those are flows of revenue and employment, not proofs that the underlying arrangement is sound.
ReadDream Move WNBA Finals Home Games to State Farm Arena
WHY IT MATTERSThe Atlanta Dream will host Games 3 and 4 of the WNBA Finals against the Golden State Valkyries at State Farm Arena instead of Gateway Center Arena. Game 3 moves to Wednesday, Oct. 21 at 8 p.m. ET, and Game 4 stays Saturday, Oct. 24 but shifts to 1 p.m. ET. The Hawks moved their home opener against the Rockets to 8:30 p.m. to allow a rare WNBA-NBA doubleheader. Tickets go on sale Friday, Oct. 16 at 10 a.m. ET.
What Adam Smith would say:A fuller arena is an agreeable object, and the imagination rests upon the conveniency and the pleasure of it.
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