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UK politics
Gove vows to reduce ground rents to ‘peppercorn’ levels over time
...“We will abolish section 21,” he said, adding that he would lay out a timeline for eradicating the practice during the bill’s third reading, expected next week....
April 18, 2024
Unhedged
Larry Summers: we haven’t nailed the landing yet Premium content
...Friday interview: Larry Summers Larry Summers — former Harvard president and Treasury secretary, and new OpenAI board member — is one of the most influential economists of our time....
December 15, 2023
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
OpenAI
OpenAI says Sam Altman to return as chief executive under new board
...A new board was appointed, which includes former Salesforce chief Bret Taylor and ex-US Treasury Secretary Larry Summers. Only D’Angelo, Quora’s chief executive, remained from the old board....
November 22, 2023
FT Swamp Notes
Could inflation sink Biden? Premium content
...According to Larry Summers, there is now a 15 to 25 per cent chance that the next Fed move will be to raise rates rather than cut them....
April 12, 2024
BlackRock Inc
BlackRock cuts 600 staff as asset managers defend profit margins
...BlackRock plans to lay off 600 people, or 3 per cent of its staff, to reallocate resources to faster-growing areas within the $9.1tn money manager including technology, exchange traded funds and private...
January 9, 2024
OpenAI
Altman returns to OpenAI’s board after review finds firing was unwarranted
...Former US Treasury secretary Larry Summers was appointed to the board late last year. A member of the previous board, Quora chief executive Adam D’Angelo, also remains in place....
March 8, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Letter
Letter: Uber buyback reflects a confidence its best days are yet to come
...If my engineering pod fails to return its cost of capital, I can’t sell it — I’d have to lay them off. That comes with a financial cost, but more importantly a human and organisational cost....
March 4, 2024
FT Asset Management
The rugby lawyer turned corporate raider
...I think it was effective and I’d do it again.”...
April 8, 2024
Transcript
Transcript: BlackRock goes all in on infrastructure
...He’d gone from 0 to 100bn in assets, and he’s not obviously dying to have somebody else be his boss. And also his firm is very focused. I mean, it’s a small firm....
January 24, 2024
Travel
Our family adventure cycling France’s Atlantic coast — with ‘chariot’ in tow
...The sandy enormity of the Côte de Lumière lay ahead, and for the first 25km we’d be weaving through the dappled magnificence of the Pays-de-Monts national forest: a fragrant, arboreal tunnel of maritime...
February 8, 2024
Federal Reserve
If team transitory was right, the Fed can cut rates whenever it wants
...Economists including Larry Summers, Jason Furman and Laurence Ball argued that unemployment was going to have to rise dramatically for the Fed to bring inflation down....
January 25, 2024
Travel
Postcard from Switzerland: how I survived an avalanche
...I spotted my helmet a few yards away; one pole lay just behind me though there was no sign of the other, and no chance of getting the ski now....
February 29, 2024
ReviewTheatre
Sarah Jessica Parker is a joy in Plaza Suite at the Savoy Theatre — review
...“I didn’t think you’d need your pyjamas,” she says, hopefully....
January 29, 2024
Travel
When the sun went out: my eclipse adventure in New England
...All afternoon I lay dozing on my high bed as the ordinary afternoon ceded to an ordinary night....
April 13, 2024
Carlyle Group LP
Can Harvey Schwartz revive private equity pioneer Carlyle?
...Last quarter, Schwartz outlined $40mn of annual cost cuts, which come from savings generated by the group’s recent lay-offs, according to people familiar with the matter....
February 6, 2024
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Jemima Kelly
Hypocrisy is everywhere with crypto and the banks
...“Let’s just say it’s good to have [BlackRock CEO] Larry Fink on your side. This is the great thing about bitcoin — all our incentives align.”...
March 12, 2024
PAD London 2023
Gagosian Open takes art outside the white cube
...With 19 galleries in seven countries, bricks and mortar are hardly an issue for Larry Gagosian....
September 29, 2023
ReviewMusic
Michael Tilson Thomas conducts the San Francisco Symphony in a moving Mahler No 5 — review
...He said he’d be back. One wants and hopes to believe him. ★★★★★ sfsymphony.org...
January 29, 2024
Meta Platforms
How Meta got over Silicon Valley’s disdain for dividends
...In a bid to appease Wall Street, Zuckerberg shifted his plans months later, announcing mass lay-offs and declaring 2023 “the year of efficiency”....
February 2, 2024
HTSIThe HTSI wedding special 2024
The buffet is back. Will you join the queue?
...“The table was meant to be something you’d find at an old English country house where the wife was French.”...
April 17, 2024
OpenAI
Microsoft will have observer role on OpenAI’s new board
...D’Angelo remains as part of a three-person transitional board alongside former US Treasury secretary Larry Summers and former Salesforce chief executive Bret Taylor, its chair....
November 30, 2023
Q&AThe Questionnaire
Actor Laura Donnelly: ‘My fairly extreme introversion gets in the way quite a lot’
...Not in any conventional sense where we’d have a sense of self or resemble who we are now. Which is more puzzling, the existence of suffering or its frequent absence?...
March 2, 2024
How To Spend It In...
Martha Wainwright’s Montreal
...Rufus and I were wild teenagers, and this was the after-hours diner we’d come to for beer and latkes at 3am....
February 23, 2024
Conservative Party UK
Rishi Sunak urged to discipline Lee Anderson over Islamist claims
...Sir Sajid Javid, former Tory home secretary, said: “I’d hope every MP would confront such a statement head on. Liz should really know better.”...
February 23, 2024
HTSIThe HTSI Paris special
Serpent à Plume’s Alexander Rash talks taste
...Well, I’d probably start out as a pilot, but a pilot from the 1950s – drinking whisky and smoking in the cockpit. So I’d probably get fired, and then I’d be an antiques dealer....
March 22, 2024

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