‘The future of the finance ministry unpacked’ webinar: (clockwise from L-R) Dorothée Rouzet (France), John McCarthy (Ireland), Ian Hall (Global Government Finance editor – moderator), Valentina Ion (Microsoft – knowledge partner), Chidozie Ofoego (Bermuda) & Carlos Guberman (Argentina) Under pressure on multiple fronts, finance ministries can use data and AI to write the public finance…
A steep NAV drop and a federal probe trigger a high-level departure at BlackRock. The private credit market’s roughest stretch in years has claimed its first senior leader at a major asset manager. BlackRock’s Phil Tseng is in the process of leaving his post as CEO of the firm’s publicly traded business development company, according…
The implementation and unwinding of the FFCRA’s continuous coverage requirement generated historically large changes in Medicaid enrollment during the COVID-19 pandemic. Using a combination of descriptive and causal analyses, we examine the substantial cross-state differences in these changes, which remain little understood. We find that policies designed to ease unwinding frictions, as well as federal…
Norway currently levies the highest carbon tax rate at €146.23 ($169.71) per ton of carbon emissions, followed by Sweden (€133.17, $154.55) and Switzerland and Liechtenstein (both €129.09, $149.81). The lowest carbon tax rates can be found in Poland (€0.09, $0.11) and Ukraine (€0.59, $0.68). The average carbon tax rate among the 24 European countries was…
At NATO’s upcoming summit in Ankara, Turkish President Recep Tayyip Erdoğan will seek to portray his country as stable, confident, and essential to Western security. But only the last one is true, which is why the restoration of democracy in Turkey is more than a domestic concern. ANKARA—When NATO leaders arrive in Ankara for their…
We are approaching the 250th anniversary of the United States’ Declaration of Independence on July 4th, 1776. However, that same year carries a different meaning in Latin America. Rather than the beginning of a system based on limits to power and individual freedom in the United States, 1776 represented a major turning point in the…
So the UK is set to have its 7th Prime Minister in ten years. In this time, it is no co-incidence we have seen a continued stagnation in living standards. At the root of the problem is a decline in productivity growth; the years of growth are over. Every prime minister had a plan for…
Photo: Shutterstock The review of the UK civil service will focus on strengthening delivery, accountability, innovation and productivity and will inform related reforms The terms of a wide-ranging review of how to create the vision for the future of the UK civil service as a world class institution has been set out by government. The…
Missed payroll expectations and revised April and May numbers put the Fed in a tough spot for rate cuts. June’s employment numbers showed almost no change from the previous month, as the Bureau of Labor Statistics reported a 4.2% unemployment rate and an estimated 57,000 nonfarm payroll jobs, roughly half the 115,000 economists expected. At…
The deal “validates” the crypto-mining company’s pivot to supporting the AI buildout, its CEO said.