
Is the decline of reading poisoning our politics?
is a senior correspondent at Vox. He covers a wide range of political and policy issues with a special focus on questions that internally divide the American left and right. Before coming to Vox in 2024, he wrote a column on politics and economics for New York Magazine.
If you aren't feeling the itch yet, you will soon.
It could come by the end of this sentence or, on a good day, the fifth paragraph. But before long, a little voice in your head will whisper, 'Click away for just a second' — just long enough to take a quick glance at your email or Instagram feed or group chat or 401(k) or chatbot's answer to 'how to tell if a mole is cancerous' or Amazon results for 'joint-smoking garden gnomes.'
At least, this will happen if you're anything like myself. And I am not alone.
Americans still consume plenty of text. Social media platforms teem with words — even video-based apps like TikTok are replete with captions and comments. And on average, we spend more than two hours scrolling through such platforms each day.
But not all reading is created equal. The mind can skim over the surface of a sentence and swiftly decode its literal meaning. But deep reading — sustained engagement with a longform text — is a distinct endeavor. As neuroscientist Maryanne Wolf explains, when you give your complete attention to a stimulating book or longform article, you activate a wide array of the brain's linguistic and cognitive capacities. In this contemplative state, the reader rapidly draws connections between the text and their background knowledge, generating original thoughts in the process.
And this vital form of reading is in sharp decline. In 2021, American adults read fewer books on average than in any year on record, according to Gallup. Among young Americans, the dwindling of deep reading is especially stark. In 1984, some 35 percent of 13-year-olds said they read for fun 'almost every day,' according to the National Center for Education Statistics (NCES). By 2012, that figure was 27 percent. By 2023, it had fallen to 14 percent. Similar declines have transpired among the nation's 9-year-olds and late adolescents. Meanwhile, daily screen time among all age groups is surging to record highs.
Pew Research Center
Even among the rising generations' academic elite, reading books is an increasingly niche hobby. According to a recent report from The Atlantic's Rose Horowitch, many students at America's most selective colleges now lack the capacity (or at least, the wherewithal) to read a book cover-to-cover.
In the view of some analysts, these trends don't just threaten to curtail bookworms' literary lives or stunt young Americans' intellectual development. Rather, digital media's displacement of books is propelling our species back to an ancient mode of cognition and communication: After a brief dalliance with literacy, humanity is returning to its oral roots.
According to such varied commentators as media theorist Andrey Mir, Bloomberg reporter Joe Weisenthal, historian Adam Garfinkle, and culture writer Katherine Dee, the digital age's modes of thought and discourse increasingly resemble those of pre-literate oral cultures. In making this claim, these writers draw heavily on the work of Walter Ong, a philosopher who developed a deeply influential — but somewhat controversial — theory of how the oral and literate minds diverge.
For Mir and Garfinkle, America's reversion to 'orality' underlies much of today's political dysfunction. In their telling, print media laid the foundations for liberal democracy. Now, as deep reading declines, the electorate's commitment to pluralism, objectivity, universalism, individual rights, and the rule of law is swiftly receding.
The analogies between ancient oral cultures, as described by Ong, and today's digital one are striking. And it's reasonable to fear that scrolling TikTok doesn't prepare a voter for rational self-government as well as reading the New York Times does.
This said, writers are liable to overestimate the social harms of our own cultural marginalization. And I suspect that Mir and Garfinkle are doing precisely that, when they blame the decay of American liberalism on the erosion of 'deep literacy.'
The human mind before literacy
For roughly 98 percent of our species' history, people could only communicate through the spoken word — and this constraint fundamentally shaped human thought and expression.
In his 1982 book Orality and Literacy, Ong detailed the characteristic features of communication and cognition in oral societies. Ong noted that, in a world of 'orality,' information must be verbally repeated to survive: If spoken discourse doesn't keep the timing of the harvest in a society's working memory, farmers can't fall back on an almanac or calendar. Therefore, in an oral culture, all important ideas must be expressed in a manner that is both memorable and easy to recite.
This entailed, among other things, the heavy use of repetition, formulaic lines, mnemonic devices and epithets. For example, in his oral epic, The Iliad, the Greek poet Homer persistently refers to Achilles as 'swift-footed Achilles' — a phrase that helps the listener more easily recall both the character's name and his defining trait.
Oral cultures' reliance on memory also limited their capacity to generate complex, logical arguments. The complicated sentences typically found in a philosophical treatise, legal brief, or Vox article — with their prepositional phrases sandwiched between em-dashes — could not plausibly perpetuate themselves in the absence of written text.
Separately, in an oral society, communication must always happen face to face, often within earshot of one's fellow villagers or clansmen. According to Ong, this imbues discourse with a combative spirit, as statements tend to double as bids for status and social affirmation.
Perhaps most importantly, these limitations of orality made it incapable of accommodating abstract thought. In an oral culture, people have no means of isolating ideas from their social context or subjective experience, which makes it difficult for them to formulate general principles, abstract categories, or rules of logic.
Ong illustrates this point with reference to the research of Soviet neuropsychologist A.R. Luria. In the 1930s, Luria studied the condition of illiterate peoples in remote regions of Uzbekistan, and found that their thinking was inflexibly concrete and tethered to personal experience.
For example, Luria tested his subjects' deductive reasoning with a word problem: In the Far North, where there is snow, all bears are white. Novaya Zembla is in the Far North and there is always snow there. What color are the bears? His illiterate respondents replied with variations on the sentiment, 'I don't know. I've seen a black bear. I've never seen any others. … Each locality has its own animals.' By contrast, the minority of the community that had attained literacy generally comprehended Luria's syllogism and said that the bears were white.
This is your brain on books
In Ong's account, the advent of writing radically restructured thought. Language was liberated from the limitations of human memory. Through text, people could express ideas with an eye to precision rather than repeatability, while building upon the accumulated knowledge of all who came before.
Literacy did not just enable abstract thought but inherently inspired it, according to Ong and his acolytes. The very act of reading trains the mind in the arts of abstraction: Text conjures a voice that speaks inside the reader's head rather than through her ears, prompting her to detach from sensory experience and turn attention inward. In so doing, literacy facilitated modes of thought that were more independent, rational, individualistic, and universalistic than those of oral societies.
Writing isolated ideas from social context — or, in Ong's words, 'the arena where human beings struggle with one another' — thereby enabling the reader to evaluate claims more impartially, in the privacy of her own mind. And when readers did this, text encouraged them to prize logical coherence: Writing inherently promotes sequential reasoning because it is processed linearly, as the eye moves across the page.
By facilitating such introspection, literacy heightened self-consciousness, laying the foundation for individualism. And by encouraging abstract, systemic thinking — and enabling ideas to disseminate widely across space and time — writing spurred the development of universalistic worldviews, in which general rules, rights, and moral precepts apply to all peoples or contexts. Taken together, these features of writing made the advent of science and liberal democracy possible.
How the internet is (purportedly) reviving orality
Reading is a profoundly unnatural activity. Our minds process spoken words and moving images much more readily than they decipher written language. Many people, therefore, found it difficult to immerse themselves in literature once TV became available. By the 1970s, Walter Ong was already arguing that humanity had entered into a second oral age.
And yet, compared to today, the era of broadcast television looks as dull and conducive to contemplation as a monastery. In 2025, everyone with a smartphone has instant access to an effectively infinite supply of audiovisual entertainment, while social media provides an endless stream of bite-sized video clips and snippets of text, each handpicked by an algorithm to prompt one's personal engagement.
This is not a friendly environment for deep reading. And it is also one that directly revives many of orality's defining features, according to Ong's disciples.
Unlike ancient oral peoples, Americans today have the capacity to preserve knowledge through written records. In fact, more of our lives are immortalized in published information than ever before.
But the effects of superabundance can sometimes approximate those of total scarcity: Devoid of all data storage, humans in oral cultures had to communicate in statements that were easy to remember and enjoyable to repeat, lest their ideas swiftly pass from collective consciousness. Drowning in an ever-rising tide of data, people in digital cultures must effectively do the same. As Katherine Dee argues, on the internet, 'Information doesn't stick when it's stored; it sticks when it circulates.'
The canonical 'truth' for hundreds of millions of people today is whatever gets repeated incessantly on their social feeds. And what goes viral in 2025 bears a resemblance to what got recited in 10,000 BCE — pithy, formulaic lines (such as those that follow meme templates) and memorable epithets. As Joe Weisenthal notes, one of our era's most effective communicators, Donald Trump, emulates Homer in his approach to referencing persons (the latter celebrated 'swift-footed Achilles' and 'wily Odysseus' while the former scorned 'Lyin' Ted' and 'Crooked Hillary.')
Meanwhile, social media re-embeds discourse in 'the arena where human beings struggle with one another.' Communication takes on a combative and preening tone. Ideas are tethered to personas and social contexts. People generally apprehend the factional valence of an argument — which groups endorse it and which do not — before they ever give it independent consideration. And since every internet user is confronted with more information than they can critically process, they have a strong incentive to interpret an idea's social desirability (which can be quickly ascertained) as indicative of its empirical validity (which takes time to assess). This temptation to outsource your critical judgment is all the stronger, when your every utterance receives a quantifiable amount of communal affirmation or repudiation.
More straightforwardly, digital media revives oral culture by enabling humans to communicate through speech and facial expressions — and through real-time textual exchanges that resemble oral conversations (including their nonverbal aspects, which are conveyed via emoji) — albeit at an unprecedented scale.
Put all of digital media's effects together and you have a recipe for reversing many of literacy's impacts on consciousness and culture: Our thinking is becoming less abstract and more narrowly practical; less rational and more emotive; less universalistic and more tribal; less individualistic and more conformist. And this intellectual regression is driving our nation's democratic decline.
Or at least, this is what some critics of 'digital orality' allege.
Does post-literacy lead to post-liberalism?
In his book Digital Future in the Rearview Mirror, the media theorist Andrey Mir argues that 'digital orality' has plunged many conservatives and progressives into the abyss of Plato's cave — the allegorical realm where subjective intuitions are mistaken for objective truths. The right subordinates reason to Trump's cult of personality, while the left values empiricism less than 'intersectionality.' The result is 'identitarian tribalism,' polarization, and a crisis of representative democracy.
Neuroscientist Maryanne Wolf, meanwhile, fears that the public's fading deep literacy is leading 'ineluctably to a vulnerability to demagoguery, where falsely raised hopes and falsely raised fears trump reason and the capacity for reflective thinking recedes, along with its influence on rational, empathic decision making.'
The historian Adam Garfinkle gives more pointed expression to Mir and Wolf's concerns. He contends that abstract reasoning is 'integral to liberal-democratic politics.' After all, 'the concept of a depersonalized constitutional order' and 'the virtues of doubt, dissent, and humility' are 'very abstract ideas.' As deep literacy declines, the public possesses less reverence for — or even, comprehension of — such rational abstractions.
Instead, like ancient peoples who were innocent of the written word, post-literate voters' understanding of politics is bifurcated between concrete concerns (egg prices) and mythic beliefs (QAnon). What exists is the directly observable and the phantasmagoric, grocery bills and conspiracy theories. And this is why, in Garfinkle's account, so many voters 'cared more about inflation than Trump's authoritarianism: the latter is an abstraction that occupies 'a foggy zone between the eggs and the conspiracy theories. One has to actually think about them, even maybe read something about them, to understand them.'
Garfinkle believes that this aversion to the rigors of abstract thought underlies the left's illiberal dogmatism, and the right's xenophobic populism. Indeed, he goes so far as to venture that 'populism of the illiberal nationalist kind' is, by definition, 'what happens in a mass-electoral democracy when a decisive percentage of mobilized voters drops below a deep-literacy standard.'
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Is social media killing democracy — or do I just want the kids off my lawn?
The theory that humanity is returning to a second oral age has some appeal.
Walter Ong died one year before Facebook was founded. When he published his account of orality in 1982, he couldn't possibly have been projecting the dynamics of social media culture onto oral societies. It's therefore striking that his portrait of pre-literate communication so often calls to mind the digital variety.
This said, Ong's account of the distinctions between oral and literate consciousness isn't universally accepted within the academy. And some empirical research suggests that the link between literacy and abstract thought or analytical reasoning is not as automatic as Ong supposed.
Further, even if Ong's theory of orality were undoubtedly correct, its applicability to our present moment would be debatable. Historical analogies often obscure more than they reveal. And this may be true of the notion that we're living in a second oral age. Most Americans today know how to read, have ready access to virtually all human knowledge, can instantly communicate with people all across the world, and enjoy greater material comfort than nobles did for most of human history. These conditions surely generate forms of consciousness and culture that are radically distinct from those of ancient oral peoples.
Nevertheless, the concept of 'digital orality' does spotlight a truth that's easy to overlook: Many of our society's foundational institutions were formulated in a highly unusual era of human history — the short window between the advent of literacy and development of electronic media.
For much of that interval, books enjoyed a cultural relevance that they currently lack. And generative AI appears to be accelerating deep literacy's marginalization, enabling even humanities majors to eschew the cognitive burdens of reading and writing. It is reasonable to worry that the mental habits instilled by TikTok and ChatGPT might prove less conducive to liberal democracy than those promoted by the written word. In particular, Garfinkle and Mir's concerns about social media's corrosive influence on independent thought, and tendency to promote polarization, seem well-founded.
And yet, even as Mir and Garfinkle lament the post-literate tendency to substitute 'lived experience' for objective evidence, they themselves often make very strong claims on the basis of little more than intuition.
It is difficult for writers to analyze the decline of deep literacy objectively. By disposition and profession, we're predisposed to think that reading is virtuous and vital. It is inevitably tempting to believe that the marginalization of our craft isn't just bad for us, but for all of society. That doesn't necessarily mean we're wrong to argue the latter. But it does mean that we should subject our assumptions to heightened scrutiny when doing so.
And this is something that Mir and Garfinkle often fail to do.
Mir's book has its insights. But it is also riddled with odd, unsubstantiated assertions. For example, to support the claim that literacy promotes a commitment to objective truth, he argues that literate athletes tend to accept unfavorable — but accurate — rulings by referees, while illiterate players often get into altercations 'with the referee after the decision has been made as if the application of the rules is a matter of persuasion or, even more strangely (for the literate mind), a matter of post-factum persuasion.'
No data whatsoever is cited to back up this bit of armchair anthropology. And anyone who has watched a Knicks game with bookish Brooklynites knows that deep literacy is no obstacle to raging against the refs.
Similarly, Garfinkle's assertions about 'screen addled' Trump voters' inner lives lack evidence. Did some Americans prioritize concerns about discontent with Biden-era inflation last November because they could not comprehend the very concept of authoritarianism? Or did they simply doubt that Trump was an authoritarian? Garfinkle is certain of the former, but it's unclear how he arrived at that conclusion.
In any case, there are several reasons to question the broader premise that declining deep literacy is the driving force behind illiberal politics in America today.
For one, reading does not reliably induce a commitment to (small-l) liberalism, which is to say, to pluralism, toleration, universalism, and individual rights. It's true that college-educated voters in the US are more likely than non-college-educated ones to prioritize democracy and dislike Donald Trump. Yet many of the foremost proponents of right-wing authoritarianism in the United States — from Peter Thiel to Curtis Yarvin to JD Vance — are well-read men.
Likewise, illiberal leftists — such as those who authored apologias for the October 7 massacre — are not typically distinguished by their lack of literary erudition (and much the same can be said of liberal intellectuals who've rationalized Israeli war crimes in Gaza). Nor were the Stalinists of yesteryear especially unacquainted with libraries.
And such scholarly dogmatists aren't necessarily exceptions to the general rule. Deep literacy encourages abstract thought. But abstractions can be morally beneficent or abominable, illuminating or obfuscatory. As George Orwell argued, euphemism is often the handmaiden of atrocity. Those who wish to insulate their ideologies from the protests of empathy can conceal mass murders beneath foggy abstractions like 'pacification.' Sometimes, a tendency to think in concrete terms isn't the worst thing in the world.
And there is another problem with blaming America's illiberal drift on the marginalization of literary life: The timeline doesn't really work. It isn't the case that American liberalism reached its zenith before television diverted popular attention away from print (which, in Garfinkle's account, marked the beginning of deep literacy's decline). To the contrary, America only became a liberal democracy for all its citizens in the 1960s. And electronic media is widely credited with aiding the Civil Rights Movement's triumphs, as television coverage of Bloody Sunday galvanized public support for the Voting Rights Act.
It's also far from clear that today's digital media have rendered the American people less liberal or universalistic.
Trump's conquest of US politics is often ascribed to a reactionary turn in public opinion. But this isn't necessarily the case. Consider one element of Trump's illiberalism: his xenophobic nationalism. When he was first elected in 2016, support for slashing immigration had been steadily declining for more than two decades, according to Gallup. Americans did not elect a rabidly restrictionist president in 2016 because they had become more nativist but rather, because the nativist segment of the American public had secured control over a major political party. What changed was the workings of a key democratic institution, not the attitudes of voters.
To be sure, digital media was not irrelevant to the GOP's transformation. The internet eroded the capacity of the Republican Party's relatively cosmopolitan elite to gatekeep conservative discourse and thus set the terms of intra-right debate.
This is a more general phenomenon: Across the political spectrum, educated elites have lost influence over the contours of public debate. The Democratic pollster David Shor argues that this has enabled the spread of illiberal ideologies, since writerly types have historically been more committed to liberal universalism than the public as a whole. This is an interesting hypothesis. But to say that digital media has unmuzzled illiberal Americans — and to say that such media has multiplied their number by reviving oral consciousness — are two different claims.
And there's some reason to doubt the latter one. After all, by some markers, the American public is as committed to individual rights, toleration, and human equality as it has ever been. Since the rollout of the iPhone in 2007, approval for interracial marriage has risen by more than 15 points in America to a nearly unanimous 94 percent, while support for same-sex marriage has jumped by 23 points to 69 percent.
Granted, one can find signs of digitally induced illiberalism if one looks for them. Some surveys of college students show a flagging commitment to free speech. Young men in a large number of Western democracies appear to be souring on gender equality. And some polling suggests that TikTok could be turning its users more reactionary.
Perhaps, these are portents of where 'digital orality' is taking us. As America's test scores fall and its screen time rises, narratives of cultural decline become hard to dismiss outright.
Yet it's worth remembering the perennial appeal of such pessimism. More than 2,000 years ago, Socrates decried the novel media technology of his day — the written word — in much the same terms that many condemn social media and AI in 2025. Addressing himself to the inventor of writing, the Greek philosopher declared, 'You have not discovered a potion for remembering, but for reminding; you provide your students with the appearance of wisdom, not with its reality. Your invention will enable them to hear many things without being properly taught, and they will imagine that they have come to know much while for the most part they will know nothing.'
I do not like what modern media is doing to my brain, nor what illiberal dogmatists are doing to my country. And like Mir and Garfinkle, I'm tempted to draw a line between the two. It feels true to me that technology is coarsening America's culture and poisoning its politics. And that sentiment may well reflect reality. But if I wish to be objective, it might also reflect the fact I'm a Twitter-obsessed, millennial writer who's starting to get old.
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Morning Bid: Wall St flirts with new record
By Mike Dolan LONDON (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The glass appears half full once again. With midyear approaching, the main Wall Street stock indexes are back within a hair's breadth of new records, helped along by a weakening dollar, the prospect of lower borrowing rates, increasing trade optimism and a renewed focus on the artificial intelligence theme. Throw in some positive tax and regulatory twists, and now we're likely to see new highs for the S&P 500 and Nasdaq later today. It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. Today's Market Minute * The United States has reached an agreement with China on how to expedite rare earth shipments to the U.S., a White House official said on Thursday, amid efforts to end a trade war between the world's biggest economies. * European Union leaders discussed new proposals from the United States on a trade deal at a summit in Brussels on Thursday, with Commission President Ursula von der Leyen not ruling out tariff talks could fail and saying "all options remain on the table". * Iran would respond to any future U.S. attack by striking American military bases in the Middle East, Supreme Leader Ayatollah Ali Khamenei said on Thursday, in his first televised remarks since a ceasefire was reached between Iran and Israel. * U.S. Treasury Secretary Scott Bessent on Thursday asked Republicans in Congress to remove a "retaliatory tax" proposal that targets foreign investors from their sweeping budget legislation, as lawmakers struggled to find a path forward on the bill. * What will be the biggest pain trades in the second half of 2025? ROI columnist Jamie McGeever discusses the most vulnerable positions. Wall St flirts with new record While still underperforming the MSCI's all-country index for the year so far, and lagging euro zone stocks by some 20% in dollar terms in 2025, the S&P500 has all but completed a remarkable 20% round trip from the peak of February to the troughs of April and back. The VIX 'fear index' ebbed to its lowest in four months, while gold prices slipped to their lowest in almost a month. With more than 40% of S&P500 revenues coming from overseas, the dollar's slide to 3-year lows this week spotlights a 10%-plus currency tailwind in 2025. The greenback remained near the year's lows on Friday. And even though President Donald Trump's harrying of Federal Reserve Chair Jerome Powell unnerves many about the long-term inflation impact of threatening Fed independence, it has stepped up bets about a resumption of interest rate cuts - and most clearly after Powell's term ends next year. While markets awaited the latest U.S. May inflation update later on Friday - with oil prices brushing off the latest Middle East conflict to resume a near 20% year-on-year drop - two and 10-year Treasury yields fell to their lowest since early May on Thursday. The bond market has been soothed in part by this week's Fed proposal on overhauling how much capital large global banks must hold against relatively low-risk assets, part of a bid to boost banks' participation in Treasury markets. But markets got a further lift overnight from signs of some movement on bilateral trade negotiations ahead of July 9's expiry of the 90-day pause on Trump's sweeping tariff hikes. The White House said the United States reached an agreement with China on how to expedite rare earth shipments to the U.S. European Union leaders discussed new proposals from the United States on a trade deal at a summit in Brussels late on Thursday, with Commission President Ursula von der Leyen saying "all options remain on the table". German Chancellor Friedrich Merz urged the EU to do a "quick and simple" trade deal rather than a "slow and complicated" one, even as French President Emmanuel Macron struck a cautious note. And while the U.S. fiscal bill is still struggling through the Senate, there was an important development on tax provisions that may ease foreign investor concerns. Treasury Secretary Scott Bessent asked Republicans in Congress to remove a "retaliatory tax" proposal - the controversial Section 899 that targets foreign investors with higher tax in retaliation for any overseas disputes. Justifying the removal, Bessent said that under a G7 agreement, a 15% global corporate minimum tax will not apply to U.S. companies under "Pillar 2" of the Organization for Economic Cooperation and Development tax deal. The latest economic numbers, meantime, were a mixed bag but show few signs of a sharp downturn yet. Durable goods orders boomed in May well above forecasts, while the labor market remained resilient with a drop in weekly jobless claims. May trade data, on the other hand, showed a sharp drop in exports. As the second-quarter earnings season comes into view next month, the longer-term AI investment theme was given a fresh spur from an above-forecast revenue readout from Micron Technology - even though its stock ended lower on Thursday. AI darling Nvidia hit a new record high, however, up more than 80% from the lows of April. In other corporate news, Nike's shares jumped 10% overnight as its first-quarter revenue outlook exceeded market expectations. Elsewhere, stocks in Europe were sharply higher on Friday - chiming with Wall Street. They have been boosted by the defense spending push at this week's NATO summit and as details of Germany's big fiscal stimulus unfolded. German lawmakers on Thursday passed a multi-billion-euro package of fiscal relief measures to support companies and boost investment, involving corporate tax breaks amounting to almost 46 billion euros ($54 billion) from this year through to 2029. Despite the positive noises on a U.S. trade deal, Chinese stocks bucked the global trend and were in the red on Friday. China's industrial profits swung back into sharp decline, falling 9.1% in May from a year earlier, as factory activity slowed in the face of broader economic stress. There was better news in Japan as core consumer inflation in Tokyo slowed sharply in June. Tech stocks led the Nikkei up more than 1%. Weekend reads: * TARIFF DAMAGE: Even though President Donald Trump appears to have retreated from his more extreme trade tariff plans due to market, industry and political pushback, trade barriers will damage the economy over the next decade. So claims a Peterson Institute paper by Warwick McKibbin, Marcus Noland and Geoffrey Shuetrim, who estimate the impact under five different scenarios - which get worse the bigger the retaliation overseas and the higher the country risk premium demanded by global investors. "Contrary to Trump's promises to revive U.S. industry, America's manufacturing and agriculture sectors see disproportionate losses in production and employment due to his tariffs." * OPAQUE DEBT: Global sovereign debt vulnerability is rising and 54% of low-income countries are already in or at high risk of debt distress, with many spending more on debt repayments than on education, healthcare and infrastructure combined. With frequent global shocks adding to the risk, the World Bank's Axel van Trotsenburg argues on Project Syndicate that debt obligations are now more complex, with a wider range of creditors and some borrowing occurring behind closed doors and outside the scrutiny of oversight mechanisms. "Without urgent action to improve transparency, unsustainable debt-service burdens in the developing world will become common." * UKRAINE VS RUSSIA IN AFRICA: On Africa's dry western tip, Mauritania has become an unlikely staging post for Ukraine's increasingly global struggle with its adversary Russia. Reuters' Jessica Donati and Olena Harmash detail Kyiv's Africa Strategy in seeking allies with aide and embassies - countering Russia's much more entrenched presence in the continent. * SIU SIMPLE: With much attention on the European Union's ability to attract or unlock much-needed investment capital, accelerating its capital markets integration - or Savings and Investments Union - is seen as critical. Nicholas Veron at Bruegel proposes catalyzing this by hardening a central supervisory system to replace the current complex hybrid of a central agency - the European Securities and Markets Authority - alongside national supervisory bodies. "The way to reform it is by pooling all capital market supervisory authority into a transformed multicentric ESMA that would operate mostly through its own offices in EU countries, ensuring supervisory consistency and no preferential treatment for any single financial centre." * WEGOVY TEEN IMPACT: A fast-growing cohort of American teens who have chosen to take Novo Nordisk's weight-loss drug Wegovy, placing them at the forefront of a monumental shift in the treatment of childhood obesity. A Reuters special report by Chad Terhune and Robin Respaut found children who had taken Wegovy or a similar weight-loss drug, to speak with them about their experiences. The reporters spent more than a year closely following four teens and their families to examine in detail the impact of treatment. Chart of the day: U.S. stock markets have completed a remarkable 20% round trip since February to stand back at the brink of new records - with the S&P500 up more than 10% on this time last year. Today's events to watch * U.S. May personal consumption expenditures inflation gauge (0830EDT) University of Michigan's final June consumer survey (10:00 AM EDT) * New York Federal Reserve President John Williams and Cleveland Fed President Beth Hammack speak Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Mike Dolan; Editing by Anna Szymanski) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data