Like some other Midwestern states, Ohio faces twin threats to home affordability: climbing property taxes and real estate investment firms that buy up single-family homes only to rent them out at high rates. So on Jan. 11, Ohio Gov. Mike DeWine rolled out the Welcome Home Ohio program. A product of the Ohio legislature’s biennium
The U.S. Supreme Court declined to hear arguments in a case challenging the constitutionality of Washington’s capital gains tax that took effect two years ago. In Quinn v. Washington, plaintiff Chris Quinn asked the high court to review and overturn the Washington State Supreme Court’s 7-2 March ruling that upheld the tax. The high court
Cities and states dreading the implementation of standardized data under the Financial Data Transparency Act may end up enjoying market benefits like lower borrowing costs and elevated profiles among bond buyers who are increasingly looking for choice and customization. That’s the prediction from panelists participating Wednesday in a webinar hosted by XBRL US on how
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tata Steel will announce the end of primary steelmaking in Wales on Friday as part of a wider restructuring of its UK operations that will lead to the loss of around 2,800 jobs in a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt has signalled he wants to cut taxes further in the coming months and left open the possibility of holding two Budgets ahead of this year’s general election. Hunt said on Thursday
Giorgia Meloni’s government has started formal proceedings to put Europe’s largest steelworks under special administration after failing to agree with ArcelorMittal on the plant’s future. Invitalia, Italy’s state investment agency and a stakeholder in the plant’s operations, took the first step in formally requesting the appointment of a special administrator to run the company earlier
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s train drivers’ union has called a second set of walkouts on the East Coast mainline after bosses tried to use anti-strike laws to keep trains running during looming industrial action. The Aslef union on
Will.i.am, the Grammy-award winning rapper from the Black Eyed Peas group, has long mesmerised millennials with his music. This week, however, he grabbed the attention of economists, government ministers and corporate leaders with a different tune — a vision for artificial intelligence. As debates about AI dominated this year’s World Economic Forum meeting in Davos, will.i.am
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Jeremy Hunt has called in Britain’s largest banks to discuss why they remain so poorly valued compared with global peers, as ministers seek feedback on how to help boost the sector and the competitiveness of
Municipal Securities Rulemaking Board board of directors member Liz Sweeney has joined the Milken Institute as a senior fellow. Sweeney made the announcement on Tuesday and will continue her duties as president of Nutshell Associates while also serving the MSRB. “I’m delighted to be working with the public finance team at MI Finance,” she said.
Jennifer Fredericks, a sales director at market data platform SOLVE, will lead Women in Public Finance’s board of directors in 2024, the organization recently announced. Women in Public Finance, a professional networking group for women working in the public finance sector, is about advancing women in sector, including helping them find jobs, putting together education
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of public service workers staged the largest strike in decades in Northern Ireland on Thursday as anger intensified over almost two years of political paralysis at Stormont. Nurses, teachers, paramedics, classroom assistants,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who wants to do their banking where they buy their bread? Not many people, judging by the flight of Britain’s supermarkets from financial services. Sainsbury’s has announced a “phased withdrawal” from its banking business. Tesco
The Municipal Securities Rulemaking Board is set to hold its second quarterly board meeting of FY 2024 on Jan. 24-25, and there members will discuss the comments they received as part of the 2024 rate card filing with the Securities and Exchange Commission. The board will also mull questions over whether to modernize Rule G-27
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of more than $917 million. The top 20 bond financings have a cumulative amount of more than $11 billion. Scroll through to see which bond financings are in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has refused to say whether he expects asylum seekers to be sent from the UK to Rwanda before the next election, as his bill aimed at curbing irregular migration heads for more scrutiny
Georgia Gov. Brian P. Kemp’s proposed amended fiscal 2024 and fiscal 2025 budget includes spending some of the surplus revenue the state has taken in on capital projects rather than issuing bonds this year. The state is estimated to have about $11 billion in surplus cash in its coffers, according to the state Department of
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. The west’s energy watchdog has said the world could generate a “substantial surplus” of oil this year as faltering economic growth hits demand and non-Opec countries step up production to record levels. The International Energy Agency
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After much flip-flopping, Prime Minister Rishi Sunak has plumped for John Major’s winning 1992 strategy as his “narrow path” to victory in the UK general election expected to be held this year. The Conservatives will
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Think of a city you know, and try to picture it five years from now. Will its streets be full of electric cars, some of them self-driving? If so, then the current travails of electric
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fujitsu has agreed to suspend bidding for UK public contracts pending the conclusion of a public inquiry into the Post Office Horizon scandal. Alex Burghart, Cabinet Office minister, told MPs that the government had on