America
Police violence continues on US campuses
Protests by university students in the US demanding an end to ties with Israel and for university administrations to pressure the federal government to end the war are spreading, and police attacks are intensifying.
The protesters say they will not disperse until schools commit to completely withdrawing funding from organisations with ties to Israel.
They are also calling for the withdrawal of funds from companies that sell weapons, construction equipment, technology services and other items to Israel from their campuses.
Professors arrested in Atlanta
Yesterday, as the world watched, police attacked a pro-Palestinian demonstration at Emory University in Atlanta and arrested dozens of people, including economics professor Caroline Fohlin and philosophy department chair Noëlle McAfee.
Professor Fohlin was heard in dialogue with police expressing concern about the police’s violent arrests and use of force.
On the university campus, police were seen forcing protesters to the ground and handcuffing them during events that followed the establishment of a camp in the university courtyard on Thursday morning.
Law enforcement officers used tear gas to disperse protesters from the area, according to a CNN crew at the scene. They also used pepper spray against the crowd that had gathered around the demonstrators who had been arrested by police.
The Georgia chapter of the Council on American-Islamic Relations condemned the use of force by police against demonstrators and the arrests at Emory University on Thursday.
“Emory University and the APD [Atlanta Police Department] bear full responsibility for the violence we are currently witnessing on the Emory campus. Students and protesters must be afforded all of their constitutional rights,” it said.
Dozens of protesters were also arrested at the University of Texas on Wednesday following a police assault. The American Civil Liberties Union (ACLU) of Texas warned that state and university officials are using law enforcement to “violently censor” pro-Palestinian demonstrations at the University of Texas and other campuses across the country.
“The First Amendment guarantees the right of people to protest in Texas and across the country, including in defence of Palestinians,” the group said in a statement.On the other hand, the local district attorney’s office announced that the cases of 46 detainees had been dropped.
Protests spread to Washington
At Georgetown University in Washington DC, a crowd of pro-Palestinian demonstrators gathered outside Healy Hall, the main administration building on campus.
The crowd then marched, led by several professors in graduation regalia, to a tent camp at George Washington University (GW).At the GW encampment, dozens of tents filled about a quarter of the campus.Chanting “There is only one solution, intifada intifada, long live the intifada,” the demonstrators carried banners reading “Resistance is justified when people are occupied,” “Stop the occupation,” and “Ceasefire now.
What happened where?
According to CNN’s list, here’s what happened at pro-Palestinian protests so far:
University of Southern California (USC): USC cancelled its main commencement ceremony for the Class of 2024 in May, citing ‘new security measures’.
Emory University: At least two professors were arrested during campus protests. The Georgia chapter of CAIR condemned the arrests, and the Georgia NAACP called for a meeting with the university president.
Vice President for Public Safety Cheryl Elliott said 28 people were arrested during a protest at the school, including 20 members of the Emory community.
The Georgia State Patrol said troopers on horseback used pepper spray during the protest ‘to control the unruly crowd’. A group of Democratic Georgia state lawmakers condemned the ‘excessive use of force’ by the Georgia State Patrol during the Emory arrests.
Northeastern University: A camp was set up where dozens of protesters formed a human chain around tents.
City College of New York: The New York Police Department (NYPD) said it no longer planned to clear the encampment on Thursday afternoon.
George Washington University: Organisers and the university confirmed that pro-Palestinian protesters, representing students from the District of Columbia, Maryland and Virginia, had set up an encampment on campus.
University President Ellen M. Granberg said the DC Metropolitan Police had been asked to help move an ‘unauthorised protest camp’ on campus. Granberg said the decision was made ‘after numerous orders from the GWPD to move to an alternative demonstration site on campus were ignored by camp participants.
Emerson College: More than 100 people were arrested and four police officers were injured during a pro-Palestinian protest at Emerson College in Boston on Wednesday, according to the Boston Police Department.President Jay Bernhardt said he recognised and respected the ‘civic activism and passion that sparked the protest’ after dozens were arrested.
Columbia University: House Speaker Mike Johnson called on Columbia’s chancellor to resign if he failed to bring order to the campus. Negotiations between protesters and Columbia officials to clear the encampment were extended for another 48 hours early Wednesday morning. According to the New York Times, the Faculty Senate is expected to vote on Friday on a resolution admonishing the school’s chancellor, Minouche Shafik, for some of her decisions. Shafik has come under fire for authorising police to quell student protests on campus.
University of Southern California: Police arrested about 100 protesters at the University of Southern California after being ordered to disperse.
The university cancelled next month’s main graduation ceremony, citing ‘new security measures’.
University of Texas at Austin: After tense resistance, the Texas Department of Public Safety announced that law enforcement made 57 arrests on campus.
“We do not classify arrestees based on whether or not they are students at the university,” Travis County Sheriff’s Office spokeswoman Kristen Dark told CNN.
Cal Poly Humboldt: The California State Polytechnic University, Humboldt campus will remain closed over the weekend as protesters, including “unidentified non-students,” continue to occupy two buildings, school officials said.
Brown University: The university has identified about 130 students who it says violated the school’s code of conduct, which prohibits camping on campus. The university said students found responsible would be disciplined depending on their conduct and other factors, including previous conduct violations.
Indiana University: At least 33 people were arrested on campus on Thursday following protests on campus.University of California, Los Angeles (UCLA):A “camp demonstration” was held at UCLA on Thursday.
Northeastern University: Dozens of protesters were seen forming a human chain around several tents at Northeastern University in Boston.
Ohio State University: Protesters at Ohio State University were arrested on Thursday night after refusing to disperse, according to university spokesman Benjamin Johnson.
White House throws ball to governors on National Guard
The White House has rejected a request from Republican House Speaker Mike Johnson for President Biden to call out the National Guard on college campuses.White House spokeswoman Karine Jean-Pierre said on Thursday that the issue was not up to the president.
“This is a matter for the governors to decide,” Jean-Pierre told reporters, noting that Biden had previously criticised the protests as anti-Semitic.
Johnson called the protests “dangerous” in a statement on Wednesday. “If this situation is not brought under control quickly and this threat and intimidation is not stopped, it will be an opportune time for the National Guard,” the House speaker said.
Republican calls against protests hardenPennsylvania Republican Senate candidate Dave McCormick lashed out at campus protests in Pennsylvania and across the country at a rally on Thursday night.
McCormick said: “We’re in moral trouble. The same thing happened at Penn today.Can you believe these kids are marching on our college campuses across the country? Honestly, can you believe it?” he asked.The Republican candidate called the demonstrations ‘anti-American’ and said universities that ‘condone this kind of behaviour’ should not receive federal research funding or be eligible for tax-exempt status for their endowments.
The Republican politician described the protesters’ behaviour as ‘anti-Semitic’ and ‘bordering on violence’ and said law enforcement should ‘clean up the camps’.Senators, including Republican heavyweight Mitch McConnell, argued that the demonstrations should be broken up by force.
Senate Minority Leader McConnell and his deputy John Thune wrote to US Attorney General Merrick Garland and Secretary of Education Miguel Cardona, describing the protesters as “anti-Semitic, pro-terrorist gangs”.
“The Department of Education and federal law enforcement agencies should take immediate action to restore order, prosecute gangs who continue the violence and threats against Jewish students, revoke the visas of any foreign nationals (such as exchange students) who promote terrorism, and hold school administrators accountable for standing by instead of protecting their students,” said the letter signed by 25 Republican senators.
Governor Greg Abbott, who led state troopers into the University of Texas, also said the protesters “belong in jail”.Former US President Donald Trump also condemned the demonstrations on Wednesday, comparing the anti-war protesters to the “white supremacists” who marched in Charlottesville, Virginia, during the first year of his presidency: “Charlottesville is peanuts compared to the riots and anti-Israel protests taking place all over our country.”
America
US wealthy demolish multimillion-dollar mansions for land
Wealthy buyers in the US are tearing down multimillion-dollar homes shortly after purchasing them for hundreds of millions of dollars.
According to a report by The Wall Street Journal, the trend is driven by a shortage of land in prestigious locations, particularly along coastlines.
For ultra-wealthy buyers, the prime factor has become the land’s location rather than the structure standing on it. After the acquired properties are flattened, newer, more modern homes are built on the cleared lots.
Drawing attention to the shift in the luxury real estate market, the report noted:
“The home itself, formerly the primary driver of an expensive real estate purchase, is now almost beside the point. Buyers are competing first and foremost for well-located land, situated on the ocean or a mountaintop.”
The newspaper cited moves by US billionaire William Lauder as an example. Lauder purchased the oceanfront estate of radio host Rush Limbaugh, who died in March 2023, for $155 million and had it completely demolished in July.
Lauder had previously torn down two homes situated on roughly 1.2 hectares of land along the Palm Beach coast. Having initially planned to construct his own residence on the parcel, Lauder subsequently sold the cleared plot for approximately $200 million.
Jonathan Miller, a real estate appraiser, stated that such transactions are becoming increasingly common as land prices rise.
Amid this momentum, estate agents have also begun marketing luxury homes directly as teardown lots.
Listings use artificial intelligence-generated imagery to showcase how the land would look without the structures on it.
Marketers avoid using the word “demolition” directly, resorting instead to terms such as “adaptive reuse”.
Teardown listings rise across luxury housing market
The trend is not confined to the coast and is spreading to other regions across the US.
Data from property brokerage Redfin reveals that references to demolishing buildings are becoming more frequent in sales listings.
The share of such listings exceeds 15% in the Bunker Hill Village area of Houston, while standing at 6.67% in Pimmit Hills, Virginia.
Dina Goldenteyer, a real estate agent working in Miami, remarked that serial demolitions have become more frequent because buyers no longer appreciate homes older than a decade.
Former retail executives Jamie Dooley and Christine Scott spent $3.7 million in 2020 to demolish a seaside home near Destin, Florida.
Although the couple spent five years building a modern home on the cleared site, they listed the resulting new structure with a demolition condition, citing the fact that no one wanted to buy the property as it stood.
William Paddock, an employee at the environmental consultancy WAP Sustainability, pointed to the environmental damage caused by this construction cycle.
Paddock emphasized that tearing down a home of roughly 1,000 square metres and replacing it with a new building of approximately 2,700 square metres generates a carbon footprint equivalent to the annual emissions of an average 250 American households.
America
US inflation reaches 3.7% as midterm election campaign intensifies
An uptick in September inflation as the US midterm elections approach has pushed the cost-of-living debate back to the centre of the agenda for Democrats seeking to regain control of Congress from Republicans.
Annual inflation stood at 3.7% in September, according to the Consumer Price Index published by the Bureau of Labour Statistics, with energy, petrol, and electricity costs rising on a monthly basis.
Food prices remained flat from August to September, recording a 2.5% increase compared with the same period last year.
Democrats are anchoring their election campaigns to pledges of easing the cost of living, blaming the price increases on President Donald Trump’s tariffs and the war with Iran.
Trump and Republicans, pointing to the numerous left-wing candidates who won primary elections this year, contend that the opposition has become captive to “communists” within the party.
When annual inflation stood at 2.4% in February, the US and Israel launched the Iran war on the final day of that month, and prices continued to climb throughout the conflict.
The recent acceleration has not entirely reversed the retreat from the 40-year peak of 9.1% recorded in June 2022; however, the rate has remained above the Federal Reserve’s 2% target for over five years.
Fed policymakers raised the benchmark interest rate by a quarter of a percentage point last month, citing the battle against stubborn inflation. Officials will convene again next week to consider whether to raise rates or hold them within the 3.75% to 4% target range.
Energy and fuel record sharpest increase since first month of war
In September, energy prices posted their largest monthly jump since March, the first full month of the war with Iran, climbing 20.4% year-on-year. Energy costs had risen 2.1% from July to August, after falling 1.5% from June to July and 5.7% from May to June.
Recent escalations in Iranian attacks on oil tankers in the Strait of Hormuz, alongside more frequent strikes by Ukrainian forces against Russian refineries, have strained global crude oil and refined product markets, driving up US petrol and diesel prices.
Petrol prices also recorded their sharpest monthly increase since the first month of the war, climbing 9.1% from August to September, bringing the annual increase to 35.3%.
American Automobile Association (AAA) data shows the average price of regular petrol across the US stands at $4.26 per gallon; while below the level of roughly $4.48 recorded a month ago, it remains more than $1.20 higher than a year earlier. Average gallon prices exceed $6 in California and $5 in both Washington state and Nevada.
Electricity prices rose 0.2% from August to September, offsetting the 0.2% decline between July and August, and were up 4.4% year-on-year.
Heavy power demand from new data centres is feeding through into local household electricity bills. Trump argued that companies must cover the cost of the electricity required by their data centres themselves.
In a post on Truth Social, Trump claimed that he was requiring large data centres to generate their own power and feed the surplus back into the local grid, suggesting this could bring about “a major drop” in electricity prices.
Used vehicle market posts monthly rise as food costs stabilise
The cost of food at home fell 0.1% month-on-month in September, while dining out increased 0.2%.
Egg prices dropped to $2.27 a dozen, falling roughly 35% compared with September 2025 and remaining well below the 20-year peak of $6.23 recorded in March 2025.
Ground beef prices rose roughly 2.4% compared with September 2025, but at $6.48 a pound, they remained below the 20-year high of $6.98 reached in June.
Chicken held steady at its year-earlier level of $2.06 per pound last month, having fluctuated between $2.01 and $2.09 since November 2024.
Used car and truck prices fell 1.5% compared with September 2025, but rose 0.7% month-on-month in September following 0.4% increases in both July and August.
Heather Long, chief economist at Navy Federal Credit Union, noted that the sector faces severe pressure stemming from a combination of expensive replacement parts and a shortage of skilled labour.
Speaking to The Hill, Long emphasised that every cost pressure across the market is being felt directly at local auto repair shops.
America
Anthropic posts $80.7bn loss ahead of IPO as computing costs soar
Anthropic, developer of the artificial intelligence model Claude, reported a net loss of $80.7 billion for the first six months of 2026 ending 30 June.
According to a report by The Wall Street Journal citing the company’s draft initial public offering prospectus, this recorded loss nearly doubled the $42 billion loss incurred across the entirety of 2025.
The vast majority of that enormous figure, accounting for $72 billion, stemmed from accounting-driven book-value write-downs.
In contrast, the company saw a sharp surge in revenue, with turnover in the first half of the year climbing to $16.3 billion from $1.1 billion in the same period of the prior year.
During this period, Anthropic spent approximately $9 billion on computing power and infrastructure needs, surpassing in just six months the $7.3 billion spent across the whole of 2025.
The company has commitments to pay roughly $450 billion over the next seven to 10 years under cloud service contracts.
Under these obligations, contracts are planned for $111 billion with Google Cloud, $110 billion with Amazon Web Services, and $31 billion with Microsoft.
Anthropic will also spend up to $86 billion by 2033 and 2034, respectively, to lease Nvidia chips through smaller AI-focused cloud providers Nscale and Lambda.
The company could spend an additional $750 billion in the coming years to expand its computing capacity.
Roughly a third of the draft IPO prospectus was dedicated directly to risk factors.
The document highlighted the possibility that models could cause tangible real-world harm, noting that artificial intelligence could exhibit a “self-preservation” tendency and produce responses resembling “blackmail”.
Anthropic warned that the scale of damage caused by an AI-driven “catastrophic event” could render insuring against such risks impossible.
According to market expectations, Anthropic’s IPO could rank among the largest transactions in history, potentially surpassing SpaceX’s record.
Following the market debut, the company’s market valuation is projected to reach up to $2 trillion.
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