America’s local communities are woefully ill-equipped to deal with the steady onslaught of disasters happening across the country and Congressional leaders need to act to lower the threshold and permanently reauthorize the Community Development Block Grants – Disaster Relief program. That was one key message delivered during the Senate Committee on Transportation, Housing and Urban
The Chicago Civic Federation Tuesday named the city’s former inspector general, Joseph Ferguson, to serve as its new president, replacing long-time and high-profile former president Laurence Msall, who died in February. Ferguson, 63, joins the non-partisan watchdog and research organization after a months-long search led by a 15-member committee. He was selected from a pool
Washington Gov. Jay Inslee has announced plans to allocate another $941 million toward climate change programs when he formally unveils his supplemental budget on Wednesday. The proposal, part of what Inslee called his 2024 climate agenda, continues the state’s actions to protect Washingtonians from climate change and create clean energy jobs, he said Monday. Lawmakers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK “muddles through”. That was the theme of an excellent recent book by Duncan Weldon. Yet muddling through is no longer enough. This was the argument of my column a week ago, which was
Washington expects the most intensive phase of Israel’s war on Hamas in southern Gaza to be scaled back and become more targeted as soon as early January, US officials said. Israel still has military aims in Gaza’s south that justify its continued assault around Khan Younis and other areas where senior Hamas militants are thought
Two New York budget watchdogs testified before the City Council’s Finance Committee on Monday listing the good, the bad and the worrisome about the current state of the Big Apple’s finances. The Independent Budget Office predicts the city will end fiscal 2024 with a $3.6 billion surplus above the Mayor’s Office of Management and Budget
Stakeholders in the transit systems serving Chicago and its wider metropolitan area have delivered a plan to deal with financial shortfalls driven by the COVID-19 pandemic and the “fiscal cliff” coming when the last federal relief funding is spent. All they need now is the money to pay for it. The Plan of Action for
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription:Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Keeley Webster (00:04):Hello, I am Keeley Webster. Welcome to another Bond Buyer podcast. The Governors of
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Yemen’s Houthis have attacked a Norwegian tanker in the strategically important Bab-el-Mandeb strait, in the latest sign that the Iran-backed group is extending its targeting of ships in the critical trade route.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Harvard’s board has given Claudine Gay its full backing to remain as the university’s president after her Congressional testimony on campus antisemitism stirred furious backlash and a movement to oust her. The board announced its
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation edged lower to 3.1 per cent for November, bolstering arguments by Federal Reserve officials that interest rates should remain at current levels during the spring. The headline consumer price index figure fell marginally
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The Federal Reserve should be required to stress test US banks’ ability to “withstand a potential sudden loss of market access to China”, according to a congressional committee. The proposed legislative change was among dozens
This week’s Federal Open Market Committee meeting will be of interest to market participants despite the unlikelihood of any changes in monetary policy, since a new Summary of Economic Projections will be released and will provide insight into officials’ thinking on fed fund target levels for next year. The market is pricing in about five
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An asylum seeker has died on board the Bibby Stockholm barge that is accommodating more than 250 men as part of the UK’s plan to toughen conditions for migrants and cut the cost of housing
This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday Three leading central banks meet this week to set interest rates with the Federal Reserve due to give its verdict on Wednesday, followed swiftly by the European
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak supported Brexit before Boris Johnson did. He argued for looser lockdowns during the Covid-19 pandemic. He put a great office of state in the hands of as strident a conservative as Suella Braverman.
The East China headquarters of Country Garden is being shown in Zhenjiang, Jiangsu Province, China, on October 10, 2023. Nurphoto | Nurphoto | Getty Images Embattled Chinese real estate developer Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK wage growth eased in the three months to October as a decline in vacancies became the longest on record, adding to evidence that the labour market is softening. Average pay grew by 7.3 per
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has mounted a last-minute operation to save his Rwanda migration bill as Conservative rebels demanded he pull the legislation before a House of Commons vote on Tuesday evening. Sunak held breakfast talks in
In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Wind turbine blades rotate in the tidal flat in Yancheng city, Jiangsu province, China, November 18, 2023. Nurphoto | Nurphoto | Getty Images Top global asset managers including BlackRock are among investors in an Asia-focused infrastructure private equity fund that raised $800 million, underscoring growing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is director of the Center-Left Renewal project at the Progressive Policy Institute and former Labour executive director of policy 2020-22 As the Labour party looks increasingly likely to form the next UK government,