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World Economy Mar 31, 2026

Washington State Introduces Historic Millionaire Tax to Target Super-Rich

Washington state has passed a 9.9% income tax on millionaires, marking a significant shift in the s…
Washington state has taken a historic step towards a more progressive tax system by passing a 9.9% income tax on millionaires. The tax, which will take effect in 2028, targets the state's ultra-wealthy residents and aims to address the state's regressive tax system.The tax was championed by activists and lawmakers, including Noel Frame, who has been pushing for a wealth tax for over 15 years. Frame's efforts were previously met with resistance from the tech industry, particularly Microsoft and Amazon, which are headquartered in the state.The new tax is seen as a significant departure from the state's previous stance on taxation. Washington state has long been known for its lack of an income tax, instead relying on sales, business, and property taxes. However, this system has been criticized for being regressive, with the state's poorest residents paying a larger share of their income in taxes.The millionaire tax is expected to bring in much-needed revenue for public services, including public schooling and healthcare. The state's budget gap has been growing, and lawmakers have been struggling to find ways to balance the books.The tax is also seen as part of a national movement towards more progressive taxation. Several other states, including California, Colorado, Michigan, and New York, are considering wealth taxes. The movement is driven in part by growing public awareness of the wealth gap and the need for more equitable taxation.Despite the potential for the tax to drive away wealthy individuals and businesses, research suggests that taxation is not a major factor in decisions to move to a different state. Instead, factors such as work opportunities, family, and lifestyle choices play a much larger role.The tax is expected to face legal challenges and potential opposition from opponents who argue that it will harm the state's economy. However, supporters of the tax argue that it is a necessary step towards creating a more equitable tax system and providing more revenue for public services.
#state #tax #washington
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Politics Mar 31, 2026

Chris Rokos Pledges Record £190 million to Cambridge for New School of Government

British billionaire Chris Rokos has committed a historic £190 million to the University of Cambridg…
British hedge‑fund billionaire Chris Rokos has announced a £190 million endowment to the University of Cambridge to create a new, eponymous school of government. The pledge, comprising an initial £130 million and a further commitment of up to £60 million that the university will match, is believed to be the largest single donation ever made to a UK university. The Rokos School of Government is slated to open in temporary facilities this autumn, offering PhD and master’s programmes focused on public policy, leadership and governance. In the longer term it will relocate to a purpose‑built campus within Cambridge’s West Innovation District, positioning itself as a direct rival to Oxford’s Blavatnik School of Government, which was launched in 2010 with a £75 million gift. Rokos, 55, rose from a state primary school to a scholarship at Eton and a mathematics degree at Oxford before co‑founding the hedge fund Brevan Howard and later establishing Rokos Capital Management, which now employs over 350 staff. He is listed on the Sunday Times Rich List with an estimated net worth of £2.6 billion and is among the UK’s biggest taxpayers. Speaking about the donation, Rokos said, "I was fortunate to be given an education that transformed my life, and I would like to give something back to Britain. My hope is that, in time, the influence of the Rokos School of Government across the world becomes an important element of that soft power, which has been a great asset to the UK." University officials framed the new school as a response to “growing turbulence in domestic and international politics, increasing polarisation of political opinion, and long‑term structural changes in the economy.” The institution aims to provide a “unique forum for radical and remarkable thinking,” leveraging Cambridge’s tradition of scientific innovation and interdisciplinary collaboration. Vice‑chancellor Prof. Deborah Prentice added, "Tackling the enormous challenges facing our world requires radical new ways of thinking and approaches to leadership. Cambridge’s strengths across all disciplines and its convening power make it uniquely positioned to drive this innovation. Thanks to Chris’s generous support, the Rokos School will become a place where current and future leaders, together with experts from across our institution, generate the insights and solutions needed for a rapidly changing world." The school’s establishment also reflects a broader trend of private wealth shaping public‑policy education in the UK, echoing similar high‑profile gifts such as Leonard Blavatnik’s £75 million donation to Oxford. By creating a dedicated hub for governance studies, Rokos hopes to cement Cambridge’s role as a training ground for future world leaders and to reinforce Britain’s international influence. Rokos Capital Management recently made headlines when talks to appoint former UK ambassador Peter Mandelson as an adviser were terminated following renewed scrutiny of the Epstein scandal, underscoring the complex interplay between finance, politics and public perception. The £190 million endowment not only marks a milestone for UK higher‑education philanthropy but also signals a strategic investment in the development of policy expertise that could shape global governance for decades to come.
#Chris Rokos #University of Cambridge #Rokos School of Government
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Sports Mar 31, 2026

Turkey Edges Past Kosovo to Secure 2026 World Cup Spot

Turkey secured their spot in the 2026 World Cup with a narrow win over Kosovo in the UEFA playoffs.…
Turkey has qualified for the 2026 World Cup after a hard-fought 1-0 victory over Kosovo in the UEFA playoffs. The match, held in Pristina, was a highly intense and closely contested encounter.The decisive goal was scored by Kerem Akturkoglu in the second half, which proved to be the difference between the two teams. Kosovo pushed hard for an equalizer but ultimately fell short.The win marks Turkey's return to the World Cup after a 24-year absence. They will join the tournament in a little over two months' time. Kosovo, on the other hand, will have to wait for their next opportunity to make their World Cup debut.The match was an emotional affair for Kosovo, with their fans creating a fervent atmosphere in the stands. Despite their best efforts, Kosovo's technically exceptional side was unable to overcome Turkey's challenge.Turkey's victory was not without controversy, as Kosovo protested that Akturkoglu's goal was offside. However, the goal was ultimately given, securing Turkey's place in the World Cup.
#Turkey national football team #Kosovo national football team #UEFA playoffs
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Sports Mar 31, 2026

England's 1-0 Friendly Loss to Japan Highlights Tactical Uncertainty Ahead of World Cup

A lacklustre performance at Wembley saw England fall 1-0 to Japan in a March friendly, exposing tac…
On a surprisingly quiet evening at Wembley, England’s 1-0 defeat to Japan unfolded in a half‑hour that was more ceremonial than competitive. The opening thirty minutes were fluffy and formless, offering little in the way of decisive play but plenty of clues about the team’s underlying issues.For manager Thomas Tuchel, the concession of the opening goal will likely linger in post‑match analysis sessions. The loss adds another chapter to what critics describe as the “never‑ending story of England footballdom,” where each friendly serves as a diagnostic test rather than a showcase of progress.Injuries and omissions forced Tuchel to field a makeshift side featuring Phil Foden, Morgan Rogers, Cole Palmer and Kobbie Mainoo. The line‑up lacked traditional power runners and aerial threats, resembling a “false nine” formation that felt experimental but ultimately failed to generate a clear tactical identity.Japan’s solitary goal came after Palmer lost possession in an attacking area, leaving a void that England’s midfield could not fill. The Japanese attack exploited the space, threading a pass through the centre of England’s formation and scoring with ease. The goal underscored England’s lack of pressure and positional awareness in the defensive third.Despite the disappointment, the match offered a glimpse of individual talent. Harry Maguire and Dan Burn were deployed on set‑pieces, and Jude Bellingham remained an unused asset, highlighting the depth of options available for the upcoming World Cup.Atmospherically, the match resembled a village fête more than a high‑stakes international fixture. Pre‑match entertainment featured a medley of music, fireworks and quirky performances, creating a backdrop that contrasted sharply with the on‑field performance.Analysts noted that England’s approach felt like an attempt to dress up “borrowed tactical clothes” rather than a coherent game plan. The lack of a defined structure left the side vulnerable to Japan’s disciplined, technically sound play.Looking ahead, Tuchel now faces the task of reconciling his experimental selections with the need for a pragmatic, battle‑ready squad. The friendly serves as a reminder that, while England possesses individual brilliance, the team must resolve its tactical ambiguities if it hopes to contend seriously for the 2026 World Cup.
#england #but #like
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World Economy Mar 31, 2026

The Jobs AI Can't Do: Young Adults Thriving in Skilled Trades

As AI continues to advance, certain jobs that require human expertise and dexterity are becoming in…
While AI is transforming the workforce, certain jobs that require human expertise and dexterity are becoming increasingly valuable. Cale Mouser, a 23-year-old diesel engine repair expert, is a prime example. He earns a six-figure salary and has even taught at a college level, showcasing the complexity and demand for skilled trades.Mouser's journey into diesel technology began just five years ago. He quickly demonstrated an aptitude for the field, leading to a degree in diesel technology and a faculty position at North Dakota State College of Science. His expertise has taken him to international competitions, including WorldSkills in Lyon, France, where he earned a fifth-place medallion of excellence.His story highlights a growing trend: young adults are finding success and fulfillment in skilled trades. Eva Carroll, a 20-year-old electrical installation specialist, is another example. She and her team took silver at SkillsUSA, a nationwide workforce development organization for students. Carroll's passion for electrical work was sparked by a high school elective, and she now sees a future in construction management or estimation, with potential earnings above $90,000 a year.These fields, often referred to as 'middle-skill' jobs, require training and credentials beyond high school but not a four-year bachelor's degree. They over-index on human expertise, applying learned proficiency to problem-solving and high-stakes decisions. According to Prof David Autor, these jobs are poised to benefit in an AI-entwined economy, where humans collaborate with technologies to form new expertise.AI is not a threat to skilled trades, as Autor notes that these jobs require lots of judgment, dexterity, and adaptability, making them difficult to automate. Chelle Travis, executive director of SkillsUSA, sees a surge in interest from policymakers and CEOs in developing work-based learning programs for students. With over 440,000 students nationwide, SkillsUSA's annual championships draw thousands of competitors, showcasing the growing appeal of skilled trades.
#she #her #his
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Politics Mar 31, 2026

US Federal Student Loan Forgiveness: Share Your Experience

The US Department of Education has informed around 164,000 federal student loan borrowers about the…
The US Department of Education has been notifying approximately 164,000 federal student loan borrowers about their eligibility for automatic student loan forgiveness. This move comes after allegations of misconduct against more than 150 colleges, including misrepresentation of graduation rates, post-graduation employment, and the cost of degrees.Borrowers whose colleges engaged in such misconduct can apply for loan discharge. The Guardian is seeking to hear from individuals who have successfully had their student loans forgiven. We are interested in understanding how this development will impact their lives, what new plans they will make, and what advice they have for other borrowers.Share your experience with The Guardian using their online form. The form allows for anonymous submissions and includes fields for name, location, background information, and details on how the loan forgiveness affects their life and future plans.If you’re having trouble using the form, click here. Read terms of service here and privacy policy here.
#US Department of Education #Federal Student Loans #College Misconduct
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World Economy Mar 31, 2026

UK Steel Industry Faces Job Cuts and Closures Amid 'Back Door' Loophole in Trade Rules

Steel bosses warn that a loophole in new UK trade rules could lead to job cuts and factory closures…
The UK steel industry is facing a significant threat to its survival due to a 'back door' loophole in new trade rules, which could result in job cuts and factory closures. The loophole allows pre-made steel parts, such as bridge sections, columns, and door frames, to enter the UK tax-free, undermining the government's efforts to protect British manufacturers.Earlier in March, the UK government announced plans to double tariffs on imported steel and cut the amount that can be bought from abroad in an attempt to protect Britain's struggling steelmakers. However, industry bosses argue that the measures do not go far enough, as they only target imports of raw steel and leave pre-made steel products untouched.The loophole has been criticized by industry leaders, including Simon Boyd, managing director of Reidsteel, who stated that it would 'undo what the government's trying to do to protect steelmaking' and 'kill the downstream customers of steelmakers in the UK off'. The UK steel industry employs around 10,000 people and has suffered decades of job losses.The wider network of downstream manufacturers that turn steel into finished products is estimated to support 300,000 jobs. However, the industry is under significant pressure from rising energy costs and the threat of cheap imports. The government's new rules are expected to incentivize buyers to follow suit, as they will push up the price of UK-produced steel.A government spokesperson said that their steel strategy is protecting UK producers, with robust new measures applying to all steel products that can be made in the UK. However, industry leaders argue that more needs to be done to prevent job losses and factory closures.
#steel #british #industry
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Sports Mar 31, 2026

England's World Cup prospects hit by Harry Kane absence, admits Tuchel

England's World Cup preparations suffered a setback with a 1-0 defeat to Japan, highlighting their …
England's World Cup preparations took a hit with a dismal 1-0 defeat to Japan, with Harry Kane's absence from the squad being keenly felt. Coach Thomas Tuchel experimented with various formations and players in Kane's absence, but the team struggled to create scoring opportunities.Tuchel deployed a fluid front four consisting of Phil Foden, Cole Palmer, Morgan Rogers, and Anthony Gordon against Japan, but the system failed to yield the desired results. The lack of creativity and goal-scoring threat without Kane was evident, raising concerns about England's reliance on their captain for goals this summer.“Why would Argentina not rely on Messi or Portugal on Ronaldo?” Tuchel said, highlighting the importance of key players to top teams and nations. He emphasized that Bayern Munich and no other team in the world have the same threat without Kane, underscoring his influence on the team.Tuchel, who was also without several key players including Jude Bellingham, Declan Rice, John Stones, Reece James, and Bukayo Saka, tried different approaches in recent matches. Despite the challenges, he expressed confidence that England can win games without Kane, but acknowledged that having him makes it “easier to win matches.”The coach reiterated that he is not looking for a second Harry Kane, as there is no replacing the influential striker. Tuchel stated that Kane's absence disrupts not only the team's on-field performance but also the squad's dynamics, given his role as captain and a key personality.Tuchel's comments suggest that England's World Cup prospects are heavily dependent on Kane's form and availability. The team's performance in their final camp before the World Cup has given Tuchel “more clarity” over his 26-man squad selection, but the absence of Kane and other key players has raised concerns about their readiness for the tournament.
#harry #tuchel #more
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Sports Mar 31, 2026

England Suffers 0-1 Defeat to Japan in Wembley Friendly

England lost 0-1 to Japan in a friendly match at Wembley, with Kaoru Mitoma scoring the winning goa…
England suffered a 0-1 defeat to Japan in a friendly match at Wembley, with Kaoru Mitoma scoring the winning goal. The match saw several England players struggle, including Ben White and Kobbie Mainoo, who received low ratings.Jordan Pickford had a mixed game, with no chance to save Mitoma's goal but making a good save from Ritsu Doan. He received a rating of 6. Marc Guéhi was one of the better performers in defense, blocking a shot in the second half and earning a rating of 6.The defeat raises questions about England's form, particularly with Phil Foden and Anthony Gordon struggling to make an impact. The team's World Cup hopes may be affected by this loss.Substitutes Jarrod Bowen, Lewis Hall, Dominic Solanke, and Marcus Rashford all received positive ratings, but it was too little, too late to change the outcome of the match.
#england #japan #wembley
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