Lessons in public finance from the original sinner https://t.co/POH6GLVa29 ...

Most recently, Logan was a senior municipal investment banker at Raymond James, where he broadened the firm's market presence, generated incremental revenue and recruited senior bankers to strengthen its position across the public finance sector. Prior to that, he spent 26 years at Citigroup Global Markets. He held multiple leadership roles there and advised on some of the largest and most complex financings in the municipal marketplace. In 2024, Logan served as the lead senior banker on Jefferson County, A ...

RT Zarathustra (@zarathustra5150)In the Netherlands they’ve made the data public: each Somali immigrant has been found to cost the public about $1.2 million over their lifetime, while each North American and Japanese immigrant generated a net contribution of roughly $500,000. https://t.co/9mv59rwI99 ...

Group 1 - Public sector net borrowing reached £83.8 billion during the first five months of the financial year, with an increase of £18 billion in August alone [4][38][71] - Government spending has surged by £36.8 billion compared to the same period last year, driven by rising public service costs and debt interest payments [2][70] - Interest payable on central government debt rose by £10.6 billion to £49.9 billion since April, largely due to inflation-linked bonds [1][70] Group 2 - The Chancellor is expected to raise taxes by at least £20 billion in the upcoming Budget on November 26, following a £40 billion tax increase last year [2][60] - The Office for Budget Responsibility (OBR) indicated that the shortfall in tax receipts could be attributed to consumers switching to cheaper food options amid rising inflation [5][38] - Cash VAT receipts were £3 billion below forecast in the first five months of the financial year, with August receipts at £12.8 billion, which was £3.2 billion below expectations [5][38] Group 3 - The pound fell 0.6% against the dollar to $1.347 as markets reacted to higher-than-expected borrowing costs [8][9] - The FTSE 100 index declined by 0.1% to 9,216.67, while the FTSE 250 fell by 0.6% to 21,595.44, reflecting investor concerns over public finances [10][11] - The yield on 30-year UK gilts rose to 5.53%, indicating increased borrowing costs for the government [44][59] Group 4 - The number of company insolvencies in England and Wales rose by 6% in August compared to the previous year, highlighting the financial strain on smaller businesses [45][46] - Public sector employment has reached a record high of 6.2 million, with over two million NHS staff, despite a hiring slowdown in the private sector [48][49] - The Chancellor faces a challenging fiscal environment, with the need to raise £28 billion to address the deteriorating public finances [50][62]