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The death of Alan Greenspan closes a defining chapter in modern economic history, reviving questions about the policies that shaped both the 1990s boom and the road to the 2008 financial crisis. Meanwhile, the Supreme Court has narrowed voting-rights enforcement across seven states, a deadly tornado has struck southern Illinois, and Wall Street is grappling with fresh concerns over inflation, AI competition, and the future path of interest rates.

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Alan Greenspan chaired the Federal Reserve for 18.5 years under four presidents — longer than anyone before or since — overseeing one of the longest economic expansions in US history while surviving the 1987 crash, the dot-com bust, and 9/11. Greenspan died Monday from complications related to Parkinson's disease, survived by his wife, NBC News correspondent Andrea Mitchell.

Critics blame Greenspan's deregulation push for planting the seeds of 2008 — a charge he partly confirmed in Congressional testimony that year that shocked economists. Serving under Reagan, Bush 41, Clinton, and into Bush 43, he built an institution so identified with one man that his departure in 2006 was treated as a national economic event in its own right.

The Supreme Court declined to hear a challenge to an 8th Circuit ruling that stripped private advocacy groups of the right to enforce Section 208 of the Voting Rights Act — a decision that leaves voters in seven states with weakened protections. Only state attorneys general can now sue to protect voters requiring language or disability assistance in Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.

Section 208 guarantees assistance to voters with disabilities or limited English — protections disproportionately relied on by Native American, Hispanic, and elderly voters in rural Midwest states. With midterms four months away, enforcement now depends on Republican attorneys general in states where voting-rights advocates have historically been most active.

A tornado tore through southern Illinois on Sunday night, killing Sarita Kimble, 62, and Delores Shelton, 83, in Mount Vernon and injuring at least five others as several buildings were destroyed. Emergency crews spent the morning picking through splintered homes while the National Weather Service surveyed the damage path.

Mount Vernon sits in a region that's seen an increasingly violent stretch of late-spring storms across the lower Midwest. For a town of roughly 14,000, the loss of two longtime residents is the kind of small-scale catastrophe that doesn't make the national front page for long — but reshapes a community for years.

Federal police in Australia uncovered three tons of cocaine buried in bunkers beneath three shipping containers and arrested two Sydney residents who face potential life sentences. The June 19 haul is one of the largest on record in a country where street prices remain among the highest in the world — a magnet for global traffickers.

Manchester Mayor Andy Burnham formally entered Labour's leadership race Monday on a pro-public ownership platform, signaling a sharp leftward break from Starmer's centrism. Deputy PM Angela Rayner and Shadow Chancellor Wes Streeting are expected to announce this week, with a winner unlikely before September.

Cape Verde drew 1-1 with Uruguay Monday in a result that opened Group K and keeps the island nation alive for the Round of 32. Cervantes leveled in the 71st minute after Uruguay led for most of the match, leaving three teams tied on points heading into the final group game.

Alberto Carvalho, superintendent of Los Angeles Unified, resigned five months after the FBI served search warrants at his home and the district. Officials haven't disclosed the nature of the investigation, leaving the second-largest school system in the country with a leadership vacuum heading into a new school year.

Bank of America reversed its 2026 rate forecast Monday, calling inflation "unambiguously worse" than prior models had anticipated and now projecting three rate hikes where analysts had expected none. A BofA research note described price pressure as "structural rather than transitory," directly contradicting the Fed's own messaging that inflation is on a return path to target.

Democrats vote today in Utah's primary for the 1st Congressional District — their first real shot at a Utah House seat in two decades — in a race made competitive by an accidental Republican gerrymander. A centrist, a progressive, and the state's first Muslim congressional candidate are dividing the electorate with no candidate polling above 30%.

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EV maker Lucid is laying off roughly 18% of its US workforce and parting ways with COO Marc Winterhoff, effective immediately, as part of a cost-savings push. The latest sign that the post-Tesla EV pack is still struggling to find a path to sustainable production economics.

Alphabet shed roughly $225 billion in market value after two senior AI leaders, including a Nobel laureate, announced departures for rival labs. The selloff captures Wall Street's growing anxiety that Google's research bench — long its quiet edge — is being picked apart.

AbbVie agreed to buy Apogee Therapeutics for $10.9 billion, gaining access to zumilokibart — an experimental atopic dermatitis drug analysts call one of 2026's most valuable immunology pipeline assets. Apogee shareholders receive $135.11 per share in cash, a premium that sent AbbVie up roughly 1% on the announcement.

High-temp superconductivity turns 40 without a clear theory for how it actually works — a gap blocking room-temperature versions that would transform power grids, MRI systems, and quantum computing. Nature's retrospective says 2026 brings the best experimental tools yet to crack the mechanism, but no consensus is close.

A federal advisory committee on long COVID was among hundreds of science panels dismissed since President Trump took office, stalling research on a condition that still has no standard treatment. Doctors treating millions of patients say the loss of coordinated guidance has left them improvising in the dark.

Google invested $75 million in A24 through its DeepMind division to co-develop AI tools for professional filmmaking — covering pre-visualization, sound design, and scene generation. A24 retains creative control over its projects; DeepMind gains access to professional production data that has been largely unavailable for AI training pipelines.

Argentina beat Austria 2-0 Monday to finish their group stage at nine points from nine — a perfect record, with Messi's goals in the 68th and 89th minutes the final acts of a night that began with a 9th-minute penalty miss. Nine points from nine; Messi leaves the group stage as the competition's all-time leading scorer.

France beat Iraq in Group I Monday, with Kylian Mbappé curling in a 14th-minute opener to lead Les Bleus to three comfortable points. Victory keeps France on pace for the Round of 32 with one group match remaining.

Washington holds the first pick at tonight's NBA Draft in Brooklyn, widely expected to select BYU forward A.J. Dybantsa — considered the most complete freshman prospect in a decade. Round 1 airs on ESPN and ABC starting at 8 p.m. ET.

Music executive Clive Davis — who signed Houston, Springsteen, and Keys across a 60-year career spanning Columbia Records, Arista, and J Records — died Monday at 94. Davis signed artists who combined for over 900 million albums sold, making him arguably the most commercially successful A&R executive in recording history.

South Korean Starbucks shuttered early after the "Tank Day" promotion drew nationwide backlash — the kind of marketing miscalculation that ends with corporate training for everyone. For a brand that prides itself on local adaptation, it's an expensive afternoon of self-reflection.

Sony dropped the Klara trailer — Kazuo Ishiguro's AI novel adapted by Greta Gerwig, starring Jenna Ortega and Taika Waititi — with a September 26 release date. Variety says Gerwig preserved Ishiguro's meditative tone while building a visual world that draws on classic science fiction aesthetics.

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What it is: Alan Greenspan chaired the Federal Reserve for 18.5 years, longer than any predecessor, overseeing 120 consecutive months of economic growth from 1991 to 2001 while navigating the 1987 crash, the S&L crisis, and the dot-com bust with enough composure that biographer Bob Woodward called him "the Maestro" in 2000. His death at 100 reopens an unresolved verdict: did Greenspan save American capitalism or set conditions for its most severe peacetime crisis since the Depression?

The detail: His tenure divides into two chapters that partisans still fight over. From 1987 to 2001, the scorecard is largely positive — three potential crises navigated, inflation tamed, and an expansion that outlasted the Clinton presidency. From 2001 to 2006, Greenspan held rates near zero for three years following the dot-com bust, providing the cheap money that inflated the housing bubble while consistently opposing regulatory oversight of mortgage-backed derivatives — calling markets capable of self-correction in testimony after testimony before the instruments that would break the system were fully assembled.

Why it matters: In 2008 Congressional testimony, Greenspan admitted finding "a flaw" in his market-efficiency ideology — a phrase so arresting that it was quoted in newspapers across 40 countries within 24 hours. Most economists now spread blame across multiple actors — Greenspan, congressional deregulation, bank leverage, rating agency failures — in a distribution that has made real accountability elusive and guaranteed that the argument continues with every new inflationary episode.

What to watch: Whether Greenspan's eulogies lead with the 1990s expansion or with 2008 will signal where economic consensus currently sits — rehabilitation or revision still in progress. Jerome Powell, who has explicitly distanced himself from Greenspan-era hands-off doctrine, will give a statement this week that economists will parse for exactly which chapter he chooses to lead with.

- A man at California's Camp Edison was pulled from a vault toilet after 15 minutes submerged in sewage trying to retrieve sunglasses he dropped — an act of devotion eyewear rarely deserves.

- A British gardener spotted a cluster of rare pink grasshoppers in her yard, insects so badly camouflaged they're usually eaten before anyone gets a photo. Both a wildlife sighting and a minor miracle.

- A truck carrying an estimated 2 million honeybees overturned in a Texas neighborhood, sending swarms into the air as local beekeepers rushed in to help recover the displaced insects and protect nearby residents.

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—The Five Minute Daily Team