Climate shows up in the premium
The insurance market prices physical risk before any regulator requires it to be disclosed, and the bill arrives annually.
SEPTEMBER 7, 2026
TopicEconomics
The office is a quality trade
Attendance mandates have largely won the argument. They have not produced demand for offices, only for a narrow band of them.
SEPTEMBER 6, 2026
Sourcing moves faster than tariffs
The rate schedule changes faster than a supply chain can be rebuilt, so companies have stopped optimising for any particular rate and started paying for optionality.
SEPTEMBER 4, 2026
What a seed round now requires
The stage kept its name and changed its meaning. Seed money now arrives after the evidence that once justified a Series A.
AUGUST 27, 2026
Waiting for rates to fall is a bet that building costs will hold still
Oil went from $72 to $110 and back in four months. Mortgage rates remain elevated. Building inputs are 40 percent more expensive than in 2020.
SEPTEMBER 1, 2026
We are measuring AI productivity wrong, and it matters
Task-level benchmarks flatter the technology while firm-level statistics lag it, and policy built on either alone will misfire.
JULY 26, 2026