Voters in the Milwaukee Public Schools District passed a referendum Tuesday that would raise property taxes to fund $252 million of additional spending. The referendum passed by a narrow margin, with 51% in favor and 49% opposed. At least 21 of the roughly 90 school referendums that were up for a vote in Wisconsin on
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The capability of new artificial intelligence models will surpass human intelligence by the end of next year, so long as the supply of electricity and hardware can satisfy the demands of the increasingly powerful technology,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu said Israel had set a date for an assault on Rafah, after far-right allies warned that his premiership would not be tenable if he did not launch an attack on the town in
Seattle Mayor Bruce Harrell proposed the city’s largest property tax historically: an eight-year, $1.35 billion levy to pay for bridge, street and sidewalk projects. The Transportation Levy Proposal would replace and extend the $930 million nine-year Move Seattle levy, approved by voters in 2015, which expires this year. The current levy provides roughly 30% of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil markets are set to become “extremely tight” in the second half of this year, according to hedge fund giant Citadel, as Opec+’s control of the market allows it to keep prices high. Sebastian Barrack,
Tensions within Labour over its policy towards the EU burst to the surface on Monday after the party was forced to deny a report that it planned to re-enter a customs union if it wins the general election. The paper from the Eurasia Group political consultancy cited unnamed “senior Labour insiders” as saying the party
Big spending in Washington D.C.’s downtown is crashing up against a need to hold the line on cutting the city’s budget reserve funds. “We have to worry about liquidity,” said Glen Lee, the district’s Chief Financial Officer. “And unlike other jurisdictions, we have to deal with the Congress. We are a creature of the Congress
Stay informed with free updates Simply sign up to the EU energy myFT Digest — delivered directly to your inbox. The writer is professor of political economy at the University of Cambridge and author of ‘Disorder: Hard Times in the 21st Century’ The assumption that Europe could not forsake Russian natural gas did much to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, UK and Australia on Monday said they were considering working with Japan on advanced technology projects in the trilateral Aukus security pact aimed at boosting deterrence against China. The Aukus defence ministers said
Enjoy complimentary access to top ideas and insights — selected by our editors. Municipal issuance surged 31.7% in the first quarter of 2024, rising to $98.245 billion from $74.625 billion in the first quarter of 2023. The increased par amount was achieved in 1,607 deals in Q1 2024, up from 1,397 in Q1 2023. BofA
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief executive of Scientific Infra & Private Assets It is rare these days to come across a climate change denier in the world of institutional investors — especially those who choose to
When the British military needed new cruise missiles in the mid-1990s, the government passed over established US weapons makers in favour of a nascent company with little record. The lucrative order for the air-launched missile called Storm Shadow, and its French version Scalp, was key to cementing a groundbreaking marriage between the UK and France
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The authoritarian government of Nicaragua accused Germany of “facilitating genocide” in Gaza at the opening of a politically charged case at the UN’s top court on Monday. Carlos José Argüello Gómez, Nicaragua’s representative to the
New York State officials extended the state’s fiscal 2025 budget deadline a second time Thursday as legislators aim to resolve challenges, including education and affordable housing funding, with another new deadline — Monday, April 8. And another deadline extension seems likely, as many lawmakers will be traveling today to see the solar eclipse, including Gov.
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Fumio Kishida lacks charisma and is unpopular at home. But when the Japanese prime minister visits Washington this week, he will receive a hero’s welcome. The popularity of Kishida with the Biden administration goes well beyond
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Investors are giving up hope that the US Federal Reserve will sharply cut interest rates this year, after a blockbuster jobs report on Friday boosted conviction that the central bank needs to keep borrowing
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. JPMorgan Chase chief executive Jamie Dimon has warned that US inflation and interest rates could remain higher than markets expect because of high government spending. In his annual letter to shareholders, the head of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s biggest chipmaker, Taiwan Semiconductor Manufacturing Co, has agreed to make its most advanced products in Arizona from 2028, in a boost to White House efforts to bring semiconductor production on to home soil.
Enjoy complimentary access to top ideas and insights — selected by our editors. Career moves are heating up as we move through 2024, many linked to Citi’s exit from the municipal bond market in December 2023, and UBS’s exit from the negotiated underwriting business in October. Many firms are now quickly scooping up former Citi
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The US has taken “major steps” to stabilise relations with China, Treasury secretary Janet Yellen said as she ended her six-day visit designed to ease tensions with the US’s main economic rival. During her trip
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former Wirecard shareholders are suing EY Germany over alleged asset stripping as they fear a complex organisational revamp at the Big Four firm will make it harder if not impossible to enforce damage claims over