White House special envoy Steve Witkoff said he is pushing for all hostages held in the Gaza Strip to be returned this week, though negotiations with Hamas still appear to be at an impasse. ‘We adamantly want, and I’m following the president’s direction here when I say this, all of those hostages home this week,’ Witkoff told Fox News’ Bret ...
Jeffrey Miron A widely endorsed view of markets holds that “capitalism without bankruptcy is like religion without hell.” Thus, as new research notes, [B]arriers to firms exiting the market, such as the costs of bankruptcy, laying off workers, and selling or repurposing assets, can stifle firm creation and weaken an economy. The authors then note that … exit costs in India ...
Matthew Cavedon By all appearances, the death penalty is highly unpopular in the District of Columbia. The last person the city executed was Robert Carter in 1957—his jury actually recommended that he get life, but the death penalty was mandated by statute. In 1981, the city council formally abolished the death penalty. When Congress put the issue to a local ...
Tom Hartley Jnr has announced the successful sale of the extraordinary Mansour Ojjeh McLaren collection, one of the most significant supercar ensembles ever assembled. The collection of 20 McLarens, curated by the late Mansour Ojjeh – the influential shareholder and driving force behind McLaren’s success on and off the track – is considered unrepeatable. Each car represents the final chassis ...
The Trump administration has confirmed that it is reviewing the records of more than 55 million US visa holders in what amounts to one of the most extensive immigration crackdowns in modern American history. In a move first reported by the Associated Press, the State Department said that every foreign national currently holding a valid US visa will be subject ...
HMRC’s use of artificial intelligence to profile people’s social media activity will increase tax compliance, according to leading audit, tax and business advisory firm Blick Rothenberg. Fiona Fernie, a partner at the firm, said that HMRC’s CONNECT system has been deploying advanced analytics since the early 2000s to spot underpaid tax. “CONNECT uses (and has always used) advanced analytics such ...
Corporations are spending big on AI. According to IDC, total business investments in generative AI are expected to increase 94% this year to reach $61.9 billion. However, just investing in AI does not guarantee a payoff. In fact, as Laura Clayton McDonnell, President of Corporates at Thomson Reuters explains, new research from McKinsey finds that the vast majority of companies ...
Virgin StartUp has launched a first-of-its-kind accelerator programme to help dyslexic entrepreneurs scale their businesses, highlighting the growing economic contribution of founders with Dyslexic Thinking skills. New analysis from global charity Made By Dyslexia shows that dyslexic entrepreneurs contribute at least £4.6 billion to UK GDP every year and support more than 60,000 jobs. The research also suggests that one ...
An upcoming iPhone update is raising alarms among Republican fundraisers who say a new text filtration system set to hit the market in September will disproportionately block conservative fundraising and voter outreach efforts, echoing past Big Tech controversies that put a target on the backs of GOP voters. ‘It’s no surprise that Big Tech wants to stop Donald Trump and ...
Mark Cuban has advised young people looking to break into the artificial intelligence sector to focus less on working for big tech companies and more on developing skills to help smaller businesses integrate AI. Speaking in a livestreamed interview on the Technology Business Programming Network (TBPN), the billionaire entrepreneur and former Shark Tank star said there is an enormous gap ...