It was the death of a baby at an overcrowded reception centre for asylum seekers in the Netherlands last year that convinced Prime Minister Mark Rutte that Europe was once again grappling with a migrant crisis. The three-month-old died in a sports hall in a village on the German border. The images of an overwhelmed
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Charting how different states used $350 billion worth of State and Local Fiscal Recovery Funds reveals Florida rehabbing National Guard structures, and New Hampshire investing in weatherproof wireless internet connectivity devices, while Illinois used $1.5 billion to support the operation of state agencies.   As money from the American Rescue Plan Act is in the process
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If bondholders are not allowed a lien on Puerto Rico Electric Power Authority revenues, it could “threaten the continued viability of the primary revenue stream for vast swaths of municipal public works projects,” 14 attorneys general and the Securities Industry and Financial Markets Association said in friend of the court filings with the First Circuit
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Emmanuel Macron’s government was thrown into crisis on Tuesday as the French president’s centrist alliance splintered and several of his ministers threatened to resign ahead of a crucial parliamentary vote on a toughened version of
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The rebound in the cruise industry, which has now more than recovered all the ground it lost during the pandemic, has benefited at least one municipal bond issuer. The Canaveral Port Authority, which serves the important central Florida tourism market near Orlando, recently saw its revenue bond rating raised to A from A-minus by Fitch
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When casino developers were clamoring to run Chicago’s first casino, then-Mayor Lori Lightfoot’s administration all but promised a windfall. City leaders predicted a “material improvement to revenues” from the Chicago casino, the result of 2019 legislation that grew Illinois gambling by nearly 50%.  And when Rhode Island-based Bally’s Corporation won the coveted casino license, Bally’s
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Michael Gove on Tuesday insisted he had not “abandoned” housing targets following criticism over new planning policies that would give local authorities latitude to build fewer homes than official calculations suggest are needed.  In a
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurozone banks must prepare for the risk of funding sources becoming “more volatile” next year, said the region’s top banking supervisor as it warned lenders against complacency amid mounting geopolitical and economic risks. The European
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When the top two teams in the Premier League go at each other this weekend, America can’t lose. Arsenal and Liverpool, like AC Milan, Roma, Marseille, Lyon, Chelsea and (for now) Manchester United, are both
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