LAS VEGAS Maurice Clark huddled in his tent along dusty railroad tracks as two homeless-outreach workers began asking him questions to determine whether he would qualify for free or subsidized housing. This story also ran on The Washington Post. It can be republished for free. Did he use drugs? Had he ever been in jail?
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A celebrity-backed chain of Manhattan nail salons — which raised alarms after The Post exclusively reported about its failure to pay rent — has filed for bankruptcy, according to a court filing. Glosslab — which had raised $20 million from investors that included model Olivia Culpo, musicians in The Chainsmokers, retired Knicks star Amar’e Stoudemire
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI. Musk took a victory lap after announcing Monday on his social media platform X that the company concluded its Series C funding round —
There is new culinary talent in Aspen away from the slopes this season — and they’re serving up fare that isn’t the pasta or sushi usually found on menus in the luxury haven. Cederic Vongerichten, son of Michelin-starred top chef Jean-Georges Vongerichten, and his spouse, Ochi, launched Wayan Aspen this month. The Aspen outpost — which had
President-elect Donald Trump’s pick to head the Federal Communications Commission reportedly took a shot across the bow at Disney CEO Bob Iger and the Mouse House-owned ABC News over the “erosion in public trust” when it comes to the news media. Incoming FCC chair Brendan Carr fired off a letter to Iger on Monday —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An Azerbaijan Airlines flight carrying 62 passengers and five crew has crashed while making an emergency landing at a Kazakhstan airport, with 29 survivors, including two children, taken to hospital. Videos on local media showed
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Private equity funds cashed out just half the value of investments they typically sell in 2024, the third consecutive year payouts to investors have fallen short because of a deal drought. Buyout houses typically sell
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fine wine investors have been left with little to toast this year, after prices of top-end Burgundies and vintage Champagnes fell sharply as demand from Chinese buyers dried up. The price of Burgundy dropped 14.4
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has stepped up a nationwide campaign to convince single people to date, marry and have children as Beijing grapples with an increasingly severe demographic crisis. Local governments are cold-calling married women to ask about
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. (noun) an influencer with a podcast, invariably male, who styles himself as the liberal elite’s enemy and antidote “Bro-caster is the opposite of broad-caster” is the sort of joke you might expect from a bro-caster. It’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an author of fiction, cookery books and poetry anthologies. Her latest book is ‘The Dinner Table’, a collection of food writing There is something paradoxical about Christmas. Perhaps it’s the whole God-baby
Every night without fail, a mobile phone rings in the Holy Family church in Gaza, and a parish priest answers. The voice at the end of the line is that of Pope Francis, head of the Catholic Church and spiritual leader to a global flock of 1.4bn people. For more than a year, the pontiff
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. De Beers Group has amassed its biggest stockpile of diamonds since the 2008 financial crisis, laying bare the group’s challenge in reviving demand for jewels long seen as the pinnacle of luxury. A slump in
<img src=”https://public.flourish.studio/visualisation/20935176/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly weaker Tuesday as U.S. Treasuries closed the session a bit stronger while equities were in the black. The two-year municipal to UST ratio Tuesday was at 65%, the five-year at 65%, the 10-year at 67% and the 30-year at 82%, according to Municipal Market
Laura Dougherty, staff attorney for the Howard Jarvis Association, was granted a one-month extension to Jan. 31 to file briefs in the case against San Jose.Howard Jarvis Taxpayer Association The California Supreme Court agreed to an extension for filing briefs in San Jose v. Howard Jarvis Taxpayer Association, the primary case challenging cities’ use of
Chicago’s 2025 budget does not materially alter its credit profile, Moody’s Ratings said this week.Bloomberg News Chicago’s 2025 budget that passed the City Council this month will not materially alter the city’s credit profile, Moody’s Ratings said in a Monday statement. The final 2025 budget featured no property tax hike, and received criticism for using
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Syria’s rebel factions have agreed to disband and become part of the interim government’s defence ministry as the new administration rushes to consolidate power within revamped institutions. The new government’s commander-in-chief Ahmed al-Sharaa — former
President-elect Donald Trump, pictured here at the December reopening of the Cathedral of Notre-Dame, has pledged to shift the country’s energy and infrastructure priorities.Nathan Laine/Bloomberg The outlook for the public infrastructure market next year is a mix of optimism and uncertainty as municipal market participants look forward to a rush of projects amid threats to
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A housing development in the Denver suburbs. Infrastructure for most new residential development in Colorado is financed through metropolitan district bonds.Bloomberg News A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure such as roads, sewers, parks, and recreation
Paramount Global boss Shari Redstone is reportedly banking on her friendly relationship with President-elect Donald Trump to help the media giant skirt any FCC issues in its merger with Skydance — and help her walk away with a windfall. Redstone, the daughter of the late media titan Sumner Redstone, has “has gotten along” with Trump
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