AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES, COUNCIL 1, AFL-CIO | Search

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UK financial regulation
UK accounting watchdog warns he is ‘sheriff for only half the county’
...Richard Moriarty, chief executive of the Financial Reporting Council, said on Tuesday that there were “serious gaps” in its regulatory toolkit and asked for more powers to bring it in line with watchdogs...
March 26, 2024
News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook
Calpers names New Zealand sovereign wealth fund executive as new CIO
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
April 2, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Chinese society
China’s ageing tech workers hit by ‘curse of 35’
...The average age of the worker in China is 38.3, according to the All-China Federation of Trade Unions....
April 23, 2024
Paris Olympics
Athletics federation to pay gold medal winners $50,000 at Olympics
...Coe, who won Olympic gold in the 1,500-metre race in 1980 and 1984, said “the world has changed” since his years on the track....
April 10, 2024
Edwin Heathcote
The UK is dismantling its legacy of municipal splendour
...Of council homes sold off under Right to Buy, 40 per cent have been rented out by private landlords, many to social tenants with landlords’ profits subsidised by the state....
January 28, 2024
Investing in funds
State Street’s SSGA warns investors on additional costs of T+1
...of North American securities with the various liquidity tools already at their disposal.”...
April 17, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
FirstFT
FirstFT: BHP proposes all-stock takeover of Anglo American
...The $1.6tn fund’s chief executive told the FT it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast outperformance of US shares in...
April 25, 2024
KPMG UK
KPMG fined £1.5mn over audit of M&C Saatchi
...KPMG has been fined £1.5mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, one of Britain’s best-known advertising agencies....
March 4, 2024
Anjana Ahuja
Voyager 1 is back from the dead
...Each craft carries a Golden Record, with contents overseen by American astronomer Carl Sagan....
April 26, 2024
News updates from April 12: ECB keeps interest rates on hold; OJ Simpson dies aged 76
Jane Street accuses Millennium Management and two ex-employees of stealing trade secrets
...Jane Street said in the complaint, parts of which were redacted, that its profits from the secret strategy plummeted by 50 per cent within weeks of Schadewald joining Millennium, and that a “new entity ....
April 12, 2024
Israel-Hamas war
UN expert says Israel committing genocide in Gaza
...The Israeli embassy accused Albanese of bias and trying to “delegitimise the very creation and existence of the state of Israel”....
March 26, 2024
Workplace diversity & equality
Help us compile our ranking of Europe’s Diversity Leaders
...Results will be based on the perceptions of their employees and peers who take part in this online survey, plus independent data sources....
April 24, 2024
UK local government finance
Council tax bills across England rise by maximum allowed
...“This has loaded the cuts into the most visible parts of where people judge the state,” said Tony Travers, professor in the department of government at the London School of Economics....
March 21, 2024
FT Magazine
Battle for the American West
...plains of Carbon County, in southern Wyoming, in the great American West....
April 13, 2024
UK local government finance
UK government refuses public inquiry into bankrupt Essex council
...The council has sold off assets to pay down a £1.4bn debt mountain and was granted £635mn in capitalisation directions, enabling it to help meet some revenue costs through capital resources....
April 2, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Margaret Heffernan
Why more executive careers should start in a parish council
...The sole purpose of the council is to serve residents — 1,000 of them — and we answer to their interests. There aren’t any real politics....
April 15, 2024
News updates from December 15: Rudy Giuliani ordered to pay $148mn to 2020 election workers, Israel mistakenly kills three hostages in Gaza
Citigroup to wind down US municipal bonds operations
...Citigroup has decided to wind down its operations in US municipal bonds, a $4tn market used by state and local governments to raise money for public works and finance their debts....
December 14, 2023
Baring Asset Management Ltd
Barings sues Nomura-backed private credit firm over ‘one of largest corporate raids’ in years
...Barings has raised billions of dollars for its private credit strategy from investors including Staffordshire County Council’s pension fund and a fund that invests the money of Ohio schoolteachers....
March 18, 2024
UK local government finance
Bankrupt Birmingham council takes drastic steps to balance the books
...The County Councils Network, representing the largest local authorities in England, said on Monday that nearly all of its 36 members would have to raise council tax by the maximum allowed of 5 per cent in...
February 19, 2024
UK local government finance
UK accounting watchdog probes accountant at bankrupt Thurrock Council
...Thurrock Council in Essex declared effective bankruptcy in December 2022 after racking up debts of £1.3bn and admitting it faced losses of £275mn from its investments, which were mostly in solar power schemes...
January 3, 2024
UK local government finance
English councils ‘forced to the pawnshop’ in fire sale of assets
...The LGA has warned of a £2.4bn funding gap in local authority finances this year and £1.6bn in 2024-25....
February 28, 2024
Millennium Management LLC
Jane Street accuses Millennium Management and two ex-employees of stealing trade secrets
...“However, Jane Street cannot simply surrender its confidential information and trade secrets to former employees who breach their confidentiality obligations for, and to the benefit of, competitors.”...
April 12, 2024
News updates from December 5: Moody’s cuts China’s credit outlook, Germany’s Dax closes at record high
Vanguard to sell outsourced CIO unit to Mercer
...So-called outsourced CIO businesses provide portfolio management services to firms that lack the expertise or capacity to build those teams in-house....
December 5, 2023
US presidential election 2024
Biden’s energy policies are fuelling Trump’s campaign in Pennsylvania
...Biden, who was born in Scranton, Pennsylvania, defeated Trump in the state in 2020 by just over 80,000 votes, or about 1 percentage point....
April 21, 2024
Wells Fargo
Wells Fargo branch workers vote to form union in a first for major US bank
...When the 600,000-member Communications Workers of America negotiated a contract for employees at Beneficial State Bank in 2021, it said it was the first new union at a US bank for 40 years....
December 20, 2023

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