#policy
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Google, Microsoft and OpenAI Among 100 Firms Demanding Better Cyber Defences
An open letter warns AI-driven attacks will outpace current security 'in a matter of months' and calls the under-resourcing of critical infrastructure historic.

Fed's Hammack: 'Now Is the Time to Act' on Raising Rates
With inflation running near 3%, the Cleveland Fed president says she sees no restriction in policy at all.

Is Jackson Hole a Crypto Conference Now?
Two gatherings, 35 miles apart, ten days apart. The Fed's theme this year: Financial Innovation.

112 Care Leavers Died in a Single Year. The Largest Cause Was Suicide.
A death rate of 130 per 100,000 among 18 to 24-year-olds — at least three times the general population.

Nuts Should Be Banned on Planes
People with severe allergies must be able to travel without fear. At 30,000ft there is nowhere to go and no ambulance to call.

A Small Bitcoin Transfer Exposed the Fine Print in the 'Never Sell' Reserve
Trump said Bitcoin was now a permanent Treasury asset. The order's sale ban is narrower than that.

Bill Gates Wants Jobs Set Aside for Humans, Like Nature Reserves
In a 6,000-word essay the Microsoft co-founder says many jobs will disappear forever — and doubts institutions are up to the task.

Treasury Could Tap Its $1tn General Account to Fund Bond Buybacks
Two senior officials say the TGA is available — considerable firepower for influencing long-term yields, and a change from what markets assumed.

Reform Would Allocate Social Housing by Nationality and Age
British-born workers under 35, veterans and married couples first. Labour calls the plan 'unserious and unworkable'.

Should Working From Home Be a Legal Right?
Victoria was weeks from enforcing one before business pressure delayed it. In Portugal, parents of young children already have it.

Britain's Night Economy Is Worth £110bn. It Has No Policy.
A business rates cut for pubs and clubs was welcome. But 27% of the workforce works nights, and most of them are not in hospitality.

Barcelona and Madrid Are Running Opposite Experiments on Housing
Rents up 60%, prices up 90%. One city is deregulating and betting on construction; the other is building social housing.