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US Inflation Reduction Act
Georgia governor says Biden subsidies are hurting state’s booming economy
...“But the tax incentives are helping companies make the decision to speed up investment and to ensure manufacturing is happening in the United States.”...
February 18, 2024
Golf
‘Billionaires’ playgrounds’: the $1mn fees upending Florida’s golf clubs
...Florida has the highest density of golf courses of any US state, with more than 1,250 courses, according to the National Golf Foundation....
April 10, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Oil & Gas industry
UK-sanctioned oil trader enlists ex-Biden aide to thwart potential US sanctions
...Desai’s AND Partners LLC will provide services including “research on considerations around potential imposition of sanctions administered by the United States Office of Foreign Assets Control upon [Troost...
March 21, 2024
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
March 28, 2024
US economy
This battleground election state is booming. Biden is not getting the credit
...It would be difficult to separate the impact of federal from state initiatives “but these federal policies are certainly substantially supportive”....
March 19, 2024
Special ReportFuture of Water
US housing market belatedly wakes up to flood risk
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
March 22, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...The federal government will — according to President Joe Biden. The cost is as yet unknown. The insurance sector is expecting a hefty bill....
March 27, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Joe Biden, US president, said that the federal government would “pay for the entire cost” of reconstructing the bridge, and was preparing to send the state of Maryland “all the federal resources they need...
March 27, 2024
Maritime accidents and safety
Biden administration warns of lengthy disruption at Baltimore port
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
March 28, 2024
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
April 20, 2024
News in-depthShale Oil & Gas
Permian Basin deal wave heralds new phase in shale oil revolution
...Analysts do not expect the Federal Trade Commission to block any of the deals. But at some point, said Beeker, the continued concentration of control of America’s oil heartlands could “raise red flags”....
February 14, 2024
Insurance
Auto-insurance costs rear their ugly head yet again
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
February 13, 2024
Donald Trump
Trump’s bond reduced to $175mn in civil fraud case
...in the state....
March 25, 2024
FT Magazine
Battle for the American West
...The pharmacy school at the University of North Carolina, his home state, is named after him. He now runs Eshelman Ventures, “an investment company primarily interested in healthcare companies”....
April 13, 2024
Tesla Inc
Tesla is five times bigger than all the public companies in Texas
..., UnitedHealth, Walmart, etc) to about $10bn....
February 1, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
US society
Columbia University’s ‘Gaza encampment’ becomes centre of US stand-off
...We are united in our cause. We are building community. We are eating together. We are keeping each other safe and warm....
April 24, 2024
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...The closely watched election underscores the resurgence of the labour movement in America....
April 20, 2024
Moral Money
Soaring insurance costs threaten hurricane-prone US states Premium content
...,” which is Florida’s state-run insurance company....
October 9, 2023
Oil & Gas industry
US landowners sue to force oil company clean-up of abandoned wells
...Many US states and federal authorities require oil and gas companies to post bonds to cover the cost of well reclamation and plugging costs. But the amount is not always sufficient....
February 23, 2024
Exchange traded funds
Crypto ETN providers head for UK but urge rethink on retail ban
...CoinShares’ Lansing said it was “disappointing to see the FCA remain out of step in terms of retail investors, who, in the rest of Europe and the United States can use regulated listed products to access...
March 18, 2024
Inside BusinessSujeet Indap
Texas is throwing down a legal challenge to Delaware
...Specialised state and federal courts are not unusual in the US. But in business matters, Delaware and New York state law remain pre-eminent....
January 29, 2024
Due Diligence
M&A giants debate Elon Musk’s war on Delaware Premium content
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
March 8, 2024
Federal Deposit Insurance Corp
US regulator criticises Swiss handling of Credit Suisse as ‘unhelpful’
...the Federal Deposit Insurance Corporation has warned....
April 10, 2024
World
Sri Lanka’s US cavalry is here
...But the reality (HT Mitu Gulati) was a bit of a let-down: The United States of America respectfully submits this Statement of Interest in accordance with federal statutes that authorize the United States...
October 3, 2023
Strategic Petroleum Reserve USA
Reimagining the SPR
...Commodity shocks threaten the energy transition The commitment by the United States and its allies to accelerate global decarbonisation is both laudable and necessary, but the transition provides adversaries...
February 24, 2024

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