The battle for control of the House is set to kick into high gear with the 2025 elections in the rearview mirror, and both sides are optimistic about their chances after Tuesday night. Democrats are flying high after their victories in key elections in Virginia, California and New Jersey, celebrating those wins as a decisive rejection of President Donald Trump’s ...
Norbert Michel and Jerome Famularo It is a mistake for policymakers to push homeownership as an investment strategy. The long-term, wealth-building effect of homeownership is often less than that of renting and investing in the diversified market. Increasing homeownership rates, nevertheless, has been federal policy for nearly a century. Whether buying or renting and investing is a better strategy for ...
Nicholas Anthony A new bill responding to debanking has appeared. After months of deliberations, on October 30, Sen. Thom Tillis (R‑NC) introduced the Ensuring Fair Access to Banking Act. The 90-page bill aims to create “a strong federal fair access standard to [ensure] that no American or lawful business is denied banking services for political or ideological reasons.” Although the ...
Leaders of a 189-member group that acts as the House GOP’s de facto conservative think tank are formally endorsing a new short-term federal funding bill. With just over two weeks until the deadline for Republicans’ initial Nov. 21 plan and the threat of more government shutdown chaos, the Republican Study Committee (RSC) Steering Committee is calling for an extension into ...
A federal judge criticized the Justice Department for allegedly being too quick to indict in high-profile cases on Wednesday. Magistrate Judge William Fitzpatrick of the Eastern District of Virginia made the comments during a brief hearing regarding the case against former FBI Director James Comey. ‘Right now, we are in a bit of a feeling of indict first, investigate later,’ ...
Wealthy Britons are moving unprecedented sums into offshore bonds as they brace for higher taxes and seek more flexible ways to manage their wealth. According to data reviewed by the Financial Times, around £10.5 billion was invested in offshore bonds in the 12 months to June, more than double the £5.1 billion recorded the previous year — marking a record-breaking ...
Chancellor Rachel Reeves has signalled that her 26 November Budget will ask more Britons to shoulder the burden of repairing the nation’s public finances — even if that means breaking Labour’s manifesto pledge not to raise income tax. In a speech this week, Reeves warned that “hard choices” were unavoidable if Britain was to protect the NHS, reduce national debt ...
The Bank of England has voted narrowly to hold interest rates at 4%, pausing further cuts amid stubborn inflation and growing uncertainty ahead of Chancellor Rachel Reeves’ pivotal Budget later this month. In a closely split decision, the Monetary Policy Committee (MPC) voted 5–4 to maintain the current rate, with Governor Andrew Bailey casting the deciding vote. Bailey said he ...
The UN Climate Change Conference, COP30, starts Nov. 6 with a world leader summit and runs to Nov. 21. It will emphasize ‘the urgency of the climate crisis and the need for accelerated and collective climate actions.’ However, Microsoft founder Bill Gates just issued a memo aimed at COP30 attendees proposing a fundamental shift in priorities: focus on poverty reduction ...
More than a third of the UK’s fastest-growing technology scale-ups have no women on their boards, according to new research that highlights a striking gap between rhetoric and reality on diversity in Britain’s tech sector. The report from global growth consultancy Think & Grow found that women occupy just 18% of board positions across the UK’s leading tech scale-ups, while ...