The piece argues that Fed rate hikes, aimed at AI-driven inflation, are strangling the rest of the economy. Investment is piling into data centers and power plants while general construction stalls, a two-speed economy that leaves most workers out.
businessSunday, September 20, 2026
The AI economy splits America in two
Today's business news is dominated by a growing divide: the AI economy is booming, but it's leaving other sectors behind. From France's collapsing wine industry to Australia's aging population, the stories point to an economy where winners and losers are increasingly defined by their relationship to technology and global capital.
The AI divide
The Fed's rate hikes are meant to cool AI-driven inflation, but they're hammering everything else.
Trump announces an 'AI Force' and plans to appoint an 'AI Czar', framing the effort as a race against China. It's a policy escalation that could reshape how the U.S. government approaches AI regulation and investment.
A Google exec admits the company fell behind in AI because it didn't throw enough resources at coding models. It's a rare moment of self-criticism from inside the search giant, and it suggests Google is now scrambling to catch up.
Global shifts
From French vineyards to Australian demographics, structural changes are reshaping industries.

France's wine output is heading for a 70-year low, the third straight year of decline, thanks to extreme weather. Winemakers in regions like Champagne and the Loire Valley are being forced to rethink markets and products, a climate story with real economic teeth.
Australia's Treasury forecasts women will live to nearly 90 by 2065, with household sizes shrinking and AI named a 'defining influence' on the economy. The intergenerational report sets up long-term policy battles over pensions, housing, and productivity.
Greenland's businesses see opportunity in a larger U.S. military footprint, while Danish firms welcome the stability. It's a rare economic angle on a story usually told in geopolitical terms.
Media consolidation
The Paramount-Warner merger gets regulatory approvals and celebrity pushback.
The FCC has approved Middle Eastern sovereign wealth funds taking nearly 50% equity in the merged Paramount-Warner Bros. Discovery. That's a big shift in who owns major U.S. media assets like CBS and CNN.
Mark Ruffalo is urging California's AG to reject a deal with Paramount ahead of an antitrust trial, citing over 130,000 signatures against the merger. The creative community's opposition is getting organized and vocal.
Also today11
Abu Dhabi's Red Dunes Games makes a bigger play for Japan at Tokyo Game Show 2026www.thenationalnews.com
Timed visits, taxes and pledges: The strategies diverting tourists from hotspotswww.abc.net.au
Claudia Schiffer was once the face of Cue. Now it and Veronika Maine have 'lost relevance'www.abc.net.au
Labour is poised for U-turn on hated family farm tax in a victory for Jeremy Clarksonwww.dailymail.com
Costco expands Uber Eats delivery partnership to 47 stateswww.cnbc.com
Icelantic Skis moves out of downtown Goldenwww.denverpost.com
Who mentored you?vermontbiz.com
Who mentored you? tim Sun, 09/20/2026 - 17:34 Mentoring is a proven intervention shown to reduce school absenteeism and prevent substance misuse. Even with dozens of formal mentoring organizations in Vermont, however, significant need remains unmet. Shown here, Tony Tukai practic
Real estate getting something of a breather despite everythingvermontbiz.com
Real estate getting something of a breather despite everything tim Sun, 09/20/2026 - 16:46 Construction continues in August on the 311-unit North Tower of CityPlace. VermontBiz photo by Timothy McQuiston, Vermont Business Magazine Vermont’s real estate landscape is defined by poc
Lowell resident Sixto DeJesus joins Eastern Bankwww.lowellsun.com
LOWELL — Eastern Bank is has recently announced that Sixto DeJesus has joined Eastern as vice president and branch manager of Eastern’s branch in Downtown Lowell on Central Street.
ERA Key’s Chelmsford office adds Chumpachot as Realtorwww.lowellsun.com
CHELMSFORD — ERA Key Realty Services announced recently that Angkhana “Ana” N. Chumpachot of Andover has joined its Chelmsford office as a Realtor.
The IO+ Week – The chip is European. Will the company remain so?ioplus.nl
Every Sunday, our weekly review offers an overview of the most interesting stories around important innovations.
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