A financial revolution is under way in America. Markets are digesting the biggest-ever everything: IPO, private-funding round, private-debt deal. New markets are being created out of thin air. All this, our Schumpeter columnist argues, brings to mind a speedball, that powerful—and sometimes lethal—combination of heroin and cocaine popular among rock stars a generation ago.

There was a time when Manchester United was the football club that English non-fans tended to despise. But that sentiment is pallid compared with the anger now directed at Manchester City, which broke spending rules to become England’s most successful team, an independent commission alleges. We analyse what the finding means for the club and for the world’s best football league.

And today’s episode of The Insider investigates how taxes will work in a world where artificial intelligence does a lot of today’s wage-paying jobs. You can watch it now.