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...What better way to start the allegedly bleakest Monday of the year than with admin?...
...“There’s a whole lot more admin [and] meetings involved, the closer you get to the business.” Specialists tend not to leave research-oriented areas for a business role, he says....
...A 2015 UN report found that Argentina was the most-named country of transit for cocaine by importing countries in the previous 10 years....
...Adding to this list of woes are longer term problems like the lack of good overland train travel, poorly maintained roads and post-pandemic declines in the safety and reliability of city transit systems....
...“We have therefore decided that all Maersk vessels due to transit the Red Sea/Gulf of Aden will be diverted south around the Cape of Good Hope for the foreseeable future.”...
...Need to know: global economy The US faces a Liz Truss-style market shock if the government ignores the country’s surging federal debt, warned the head of Congress’s independent fiscal watchdog....
...The recovery in global corporate bond and loan markets began after the Federal Reserve signalled it sees a path to cutting interest rates later this year....
...agreed to allocate 10 per cent of revenues from the scheme to the Long Island Rail Road and 10 per cent to Metro-North Railroad, which brings commuters in from upstate New York, “but nothing to New Jersey’s transit...
...The semiconductor giant also stands to draw on federal funding from the Chips and Science Act, which Biden signed into law in summer 2022, weeks before the Intel groundbreaking in Ohio....
...In a separate case on Tuesday, the intelligence service (SBU) said it had arrested a group of women in Ukraine’s eastern Donetsk region for allegedly working for both Russia’s Federal Security Service (FSB...
...But until SVB imploded, regulators at the Federal Reserve and Federal Deposit Insurance Corporation presumed that if a regional lender ever ran into trouble, a bank run would occur slowly enough to let regulators...
...To its credit, the BoE has accepted that it has lessons to learn and called for help from Ben Bernanke, former chair of the US Federal Reserve, turned interviewer of FT economics commentators....
...With vacant offices and underutilised transit lines drying up municipal funds, cities will be unable to tackle these issues on their own....
...Money is also an issue: Chicago transit agencies had $3.54bn in federal help during the pandemic, but that will mostly run out by the end of 2025....
...But the lack of a well-functioning transit system makes it tough to rebuild downtown at scale....
...Tensions between the federal government and the KRG flared last year as Baghdad sought to stop the KRG’s exports....
...Instead, both proposals would tap state and federal funds....
...Chart of the day A Financial Times analysis has found that more than $1bn of EU exports targeted by sanctions have disappeared in transit to Russia’s economic partners....
...Here’s what I’m keeping an eye on today: SVB Senate hearing: Officials from the US Treasury, Federal Reserve and Federal Deposit Insurance Corporation are in for hours of questioning today by the Senate...
...Similarly, public investment in the energy grid, mass transit, and critical infrastructure should be increased, while cutting other subsidies and programmes....
...That could allow criminals to successfully claim unemployment benefits, and apply for federal college loans, food stamps and other programs....
...’s busiest transit hub — and, quite possibly, its most despised....
...By ’23, looking at various data sets, surveys, swipe card data, public transit data, it looks like it’s now stabilised....
...In reality, though, not all services work this way (car repairs depend on the costs of parts, transit on the cost of fuel, and so on). As we wrote last Thursday, Powell’s claim is at best arguable....
...More than $1bn of EU exports targeted by sanctions have disappeared in transit to Russia’s economic partners, according to FT analysis....
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