The AuguroSubscribe
Section

Business

Capital, enterprise, and the economy of the future

Lead Story

The Deglobalization Signal

Supply chain disruptions, geopolitical fragmentation, and industrial policy have reversed decades of globalization. Understanding what is actually changing — and what isn't — requires looking past the political rhetoric.

Marcus WebbMarch 4, 2026
Business

The Commercial Real Estate Reckoning Has Arrived

Office vacancy rates in major US cities have hit 20-30 percent. The banks that financed the boom are beginning to reckon with losses. The signals suggest the worst is still ahead.

Miles Thornton11 min
Business

The Founder Mythology Has a Body Count

Silicon Valley's cult of the visionary founder has produced genuine innovation and spectacular frauds in equal measure. Understanding the difference matters more than the myth admits.

Marcus Webb12 min
Business

What Private Equity Is Doing to American Medicine

Private equity has acquired thousands of medical practices, hospitals, and care facilities. The returns have been good. The patient outcomes are a different story.

Miles Thornton12 min
Business

The Gig Economy Was a Story We Told Ourselves

Platform companies promised freedom and flexibility. They delivered poverty wages and captured workers without the legal protections that employment law was designed to provide.

Elena Vasquez12 min