Former White House chief of staff Jeff Zients is on Capitol Hill Thursday as the House Oversight Committee’s probe into former President Joe Biden’s mental acuity draws to a close. He said nothing to reporters on his way into his closed-door voluntary interview, though the ex-Biden aide did shake hands with House Oversight Committee Chairman James Comer, R-Ky., on his ...
Alex Nowrasteh Cato scholars have published many groundbreaking studies on immigration and crime. From the first nationwide estimates of illegal immigrant incarceration rates to uncovering data on illegal immigrant criminal convictions and arrests in Texas and researching drunk driving, espionage, mass shootings, victimization rates, crime reporting, politically motivated violence, and terrorism, we’ve been at the forefront of immigration and crime research. Immigrants are less likely to be criminals than native-born Americans. Another ...
Adam N. Michel Congress will soon decide whether to extend the Work Opportunity Tax Credit (WOTC), a hiring subsidy for disadvantaged groups that expires at the end of 2025. After nearly thirty years and 13 extensions, the program has primarily created large windfalls for firms that would have hired the same workers anyway, while showing little evidence of improving long-term ...
The U.S. on Wednesday once again took aim at Iran and targeted its Axis of Resistance by designating four Iraq-based militias as Foreign Terrorist Organizations. According to the State Department, the groups identified were Harakat al-Nujaba, Kata’ib Sayyid al-Shuhada, Harakat Ansar Allah al-Awfiya and Kata’ib al-Imam Ali – all four of which were previously designated by the Department of Treasury ...
The Bank of England has held interest rates at 4 per cent, pausing its cycle of monetary easing as governor Andrew Bailey warned that Britain was “not out of the woods yet” on inflation. The decision, taken by the Bank’s nine-member Monetary Policy Committee (MPC), saw seven members vote to leave rates unchanged while two backed a quarter-point cut. The ...
The former Director General of the Institute of Directors has been disqualified as a company director for 11 years after abusing the government’s Covid Bounce Back Loan scheme. Anna Daroy, 61, of Abbots Morton, Worcestershire, secured two maximum-value £50,000 loans for her management consultancy, Globepoint Associates Ltd, in May 2020 — despite businesses only being entitled to one. The loans, ...
Women entrepreneurs are achieving 25 per cent lower valuations than their male peers when exiting their businesses, according to new research unveiled by Evelyn Partners at its No Diversity, No Deal event in Glasgow. The preliminary findings, drawn from Evelyn Partners’ upcoming Next Exit report, reveal that male business owners secured an average of £5.2 million at exit compared to ...
The rejection of proposed amendments to the government’s Employment Rights Bill risks creating unnecessary barriers to growth and worsening conditions in the UK labour market, according to the Association of Professional Staffing Companies (APSCo UK). Samantha Hurley, Managing Director at APSCo UK, described the decision as “disappointing” and said recruitment experts and business leaders had been ignored despite raising concerns ...
Classic literature is enjoying a new surge in demand – not for its words, but for the soaring value of rare first editions. Pawnbrokers across the UK say they are seeing a dramatic rise in people cashing in on their bookshelves, with mint-condition copies of Harry Potter, Enid Blyton and even Fyodor Dostoevsky works becoming hot commodities. James Constantinou, owner ...
Octopus Energy Group has announced it will spin off Kraken, its fast-growing AI-powered technology arm, in a move designed to accelerate its expansion into global energy markets. Kraken, launched within Octopus in 2019, has become one of the most advanced operating systems for utilities worldwide. The platform is now contracted to manage more than 70 million household and business accounts ...