Vice President Kamala Harris is pushing housing policy beyond Low Income Housing Credit reform in her bid for the White House. “My administration will provide first time home buyers with $25,000 to help with the down payment on a new home,” she said during a stump speech in Raleigh, N.C., last week. “We will take
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You can enable subtitles (captions) in the video player AI’s energy use is set to rocket. That could not only constrain the industry’s growth, but threaten green energy targets and force AI providers to consider alternative sources of power. The International Energy Agency estimates global power demand from data centres, AI, and cryptocurrencies could double
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
The T-Mobile logo is displayed on a laptop screen and a smartphone, seen in this illustration photo taken in Krakow, Poland, Feb. 22, 2024. Jakub Porzycki | Nurphoto | Getty Images The July consumer price index reading indicated cooling inflation and July retail sales addressed investors’ fears about an economic slowdown. They also boosted hopes
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This is an audio transcript of the Political Fix podcast episode: ‘How do you solve a problem like Elon Musk?’ [MUSIC PLAYING] George ParkerWelcome to Political Fix from the Financial Times with me, George Parker, standing in for Lucy Fisher, who’s off on her hols at the moment. Coming up in today’s pod, free speech
Mariano Torras, writing in defence of the universal basic income, says he wants a system of economics “that privileges ideals over maths” (Letters, August 3). I presume the artists he mentions, when following their dreams, still want clean streets, parcels delivered and sewage systems, which all involve an amount of “drudgery”. Donna McBeath SmithEdinburgh, UK
I fear somebody advising the Treasury may have got their sums wrong in your story about modernising works in the chancellor’s private toilet (“Down the pan: Reeves drops plan to scrap historic urinal”, Report, August 10). Applying for listed building consent is free of charge, not £8,000 as Rachel Reeves was advised according to the
Jan Dalley notes that Rishi Sunak’s rain-sodden election announcement in Downing Street was interrupted by D:Ream’s “Things Can Only Get Better” — played by “some bright spark in the crowd” (“Could music win it for Kamala Harris?”, Opinion, Life & Arts, August 3). Credit where it’s due please FT. The bright spark was none other
Municipals were slightly better on the short end Friday, reversing some of Thursday’s losses, while U.S. Treasuries made small gains across the curve and equities were up near the close. Triple-A yields closed out the week on better footing by one to three basis points, albeit in light secondary trading, ahead of a much larger
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Insurance fraud charges against Austin Independent School District Chief Financial Officer Eduardo Ramos that were not related to his job were dropped by law enforcement in Texas, the school superintendent announced Thursday. Ramos, who joined the district as CFO in August 2021, resigned eight days before his July 31 arrest after which he was placed
Colorado Gov. Jared Polis on Thursday called a special legislative session for Aug. 26 on further property tax cuts to circumvent proposed ballot initiatives that could negatively impact public financing and education and local government funding in the state. The Democratic governor said “the cost of inaction is too high” and pledged he won’t sign into
The letters are flying in the partisan debate over environmental, social and governance issues. A group of 20 state attorneys general led by Florida have slammed the U.S. Treasury Department’s recent warning against some state banking laws that the department said could undermine national security. In the Aug. 1 letter to Treasury Secretary Janet Yellen,
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Missouri’s Kansas City Public Schools is looking to take its modernization plan to voters and seek approval for a $474 million general obligation bond measure next April. The district plans to devote $424 million of the bond proceeds to facilities upgrades for KCPS schools and $50 million to participating charter schools, according to Shain Bergan,
Last month, California became the first state to win funds from the Department of Energy’s prominent program to create a series of regional hydrogen hubs to kickstart a new national energy economy. The California Hydrogen Hub received an initial $30 million to begin planning and design phase and will eventually receive up to $1.2 billion
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