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Economy Apr 15, 2026

IFS Report Finds UK's Help to Buy Scheme Primarily Boosted Higher‑Income Buyers

An Institute for Fiscal Studies analysis reveals that the Help to Buy programmes introduced in 2013…
New research from the Institute for Fiscal Studies (IFS) shows that the Help to Buy mortgage initiatives launched by the Conservative‑Lib Dem coalition in 2013 mainly benefited higher‑income households, rather than the intended first‑time, lower‑income buyers.The policy comprised two components: a taxpayer‑backed loan that reduced required deposits, and a mortgage guarantee scheme that covered part of lenders’ losses on high loan‑to‑value mortgages. Both applied to properties priced up to £600,000 and, by the 2014‑15 fiscal year, accounted for roughly one‑fifth of first‑time buyer transactions.Using a novel methodology that combined survey responses with local property price data, the IFS concluded that the bulk of the advantage accrued to wealthier purchasers—particularly those outside London and the south‑east, where homes are comparatively cheaper. These buyers were likely to secure a property eventually, even without the scheme.Bee Boileau, a research economist at the IFS and co‑author of the briefing, warned that while Help to Buy can theoretically assist newcomers onto the housing ladder, it also risks inflating prices and shifting loan risk onto the public sector. “Our research indicates that the Help to Buy schemes introduced in 2013 had the largest impact – in terms of making more homes affordable – on higher‑income households,” she said.The study notes that the mortgage guarantee scheme had “limited effects on affordability” because borrowers remained constrained by income‑based borrowing caps. Conversely, the loan scheme proved more influential for most households, yet its impact was muted by its restriction to new‑build properties.Both components appear to have had little effect on social mobility. Boileau suggested that future governments aiming to reduce inequality should target assistance at lower‑income families, acknowledging that such a shift would increase taxpayer exposure to loan risk.Critics have long argued that Help to Buy inflated house prices without expanding supply. A 2022 House of Lords built‑environment committee report echoed this view, recommending that funds be redirected toward increasing housing construction.The mortgage guarantee element was revived in 2021 and made permanent by the Labour government last year to preserve access to 95% mortgages. In response, Conservative housing secretary James Cleverly defended the legacy schemes, claiming they enabled “many thousands of people” to achieve homeownership, even as he warned that Labour policies were making the market harder for first‑time buyers.
#Help to Buy #Institute for Fiscal Studies #UK housing market
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World Economy Apr 15, 2026

Kevin Warsh’s $100 Million‑Plus Net Worth Raises Questions Ahead of Fed Chair Confirmation

Former Fed governor Kevin Warsh, President Trump’s pick to succeed Jerome Powell, disclosed assets …
Kevin Warsh, a former Federal Reserve governor nominated by President Donald Trump to replace Jerome Powell, has filed ethics disclosures showing personal assets well above $100 million. If confirmed, he would become the wealthiest central‑bank leader in U.S. history. The 69‑page filing, released on Tuesday, lists two private‑fund investments each valued at over $50 million in the Juggernaut Fund LP, plus $10.2 million in consulting fees from the investment office of Wall Street titan Stanley Druckenmiller. Many holdings are described only in broad categories because “pre‑existing confidentiality agreements” prevent full disclosure; Warsh has pledged to divest these assets should his nomination be approved. Federal Reserve ethics rules, tightened in 2022, prohibit officials and their families from owning bank stocks, crypto‑related assets, and impose strict limits on buying and selling securities. The Fed’s own standards, set by the Federal Open Market Committee, are stricter than those governing other federal employees. Beyond the large private‑fund stakes, Warsh’s disclosures reveal a portfolio concentrated in emerging sectors such as artificial intelligence and cryptocurrency. Notable entries include the robotic‑coffee‑bar platform Cafe X, wearable‑tech firm Cionic, an Ethereum layer‑two project dubbed “Blast,” and a reversible male‑contraceptive solution called Contraline. Details for many of these positions are omitted, again citing confidentiality. The filing also enumerates assets held by Warsh’s spouse, Jane Lauder—a member of the Estee Lauder family with an estimated net worth of $1.9 billion. Her holdings feature municipal bonds listed simply as “over $1 million.” Liabilities appear modest in comparison: a 2015 mortgage of up to $5 million with JPMorgan Chase at a 2.75% rate, a revolving credit line of up to $5 million from PNC Bank at roughly 6%, and a $1.95 million capital commitment to THSDFS LLC, an interest Warsh has also pledged to divest. Ethics analyst Heather Jones of the Office of Government Ethics confirmed that Warsh’s divestiture promises would bring him into compliance with the Ethics in Government Act. Nonetheless, the breadth of undisclosed holdings is likely to dominate his upcoming confirmation hearing, scheduled for April 21. Political dynamics add further uncertainty. A key Republican senator has signaled intent to block Warsh’s confirmation until a Department of Justice investigation into Powell’s oversight of Fed‑headquarters renovations concludes. Although a federal judge recently dismissed two subpoenas targeting Powell—citing a perceived attempt to pressure him on interest‑rate policy—the Justice Department plans to appeal, potentially delaying any Senate vote. Powell has indicated he will remain “pro tem” if Warsh is not confirmed by the end of his term on May 15, and he could retain his governor seat until 2028 if he chooses.
#warsh #powell #fed
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News Apr 14, 2026

Sudan Conflict Sees 5.6 Million Births in Three Years, Charity Warns

An international charity has warned that at least three babies a minute are being born in Sudan int…
The ongoing conflict in Sudan has led to a staggering number of births, with 5.6 million children born since the start of the war in April 2023. This translates to 5,000 children a day being born in a country where millions are struggling to survive on just one meal a day.Save the Children has warned that these children are born in overcrowded shelters, under-equipped or damaged health facilities, or while their families are on the move. The charity's country director for Sudan, Mohamed Abdiladif, emphasized that children have a right to receive care and protection, even in conflict.The conflict, which began on April 15, 2023, has killed tens of thousands of people, displaced 12 million, and spawned the world's worst humanitarian crisis, according to the United Nations. Both sides have been accused of war crimes and crimes against humanity, while the RSF has been implicated in atrocities in the vast Darfur region.The healthcare system in Sudan has been pushed to the edge, with widespread violence and attacks on civilian infrastructure straining the country's already fragile healthcare system. The rate of maternal deaths during childbirth has increased by more than 12 percent, from 263 maternal deaths per 100,000 live births in 2022 to 295 per 100,000 in 2025.Save the Children has called for all parties involved in the conflict to ensure the protection of civilians and allow access to reach families in urgent need of assistance.
#sudan #children #war
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Environment Apr 14, 2026

NAACP Sues Elon Musk's xAI Over Alleged Pollution in Black Neighborhoods

The NAACP has filed a lawsuit against Elon Musk's artificial intelligence company, xAI, alleging th…
The NAACP has filed a lawsuit against Elon Musk's artificial intelligence company, xAI, alleging that it has been illegally spewing toxic pollutants into Black neighborhoods near Memphis. The lawsuit claims that xAI's makeshift power plant in Southaven, Mississippi, has been operating without permits, violating the Clean Air Act.The suit, filed on Tuesday in Mississippi federal court, alleges that xAI has been polluting the surrounding historically Black communities by using dozens of methane gas generators without permits. The organization is seeking to force the company to stop operating its unpermitted turbines in Southaven.“All too often, big corporations like xAI treat our communities and families like obstacles to be pushed aside,” said Derrick Johnson, the president and CEO of the NAACP. “We will not allow xAI to get away with this.”xAI's datacenters, nicknamed “Colossus” and “Colossus II” by Musk, are massive facilities, with the latter occupying 1m sq ft in Memphis. They are located in Memphis's industrial zone and a few miles from residential neighborhoods that have long dealt with harmful pollution, including Boxtown, a neighborhood that was established by formerly enslaved people after emancipation in the 19th century.The lawsuit alleges xAI illegally installed and operated up to 27 gas turbines, each one the size of a large bus, to power the datacenters. Combined, they have the capacity to emit tons of harmful nitrogen oxides per year, along with toxic chemicals like formaldehyde, according to the Southern Environmental Law Center.xAI issued a statement in response to the lawsuit: “We take our commitment to the community and environment seriously. The temporary power generation units are operating in compliance with all applicable laws.” The company did not respond to questions about whether it will address the alleged violations listed in the lawsuit.Black residents still make up a large portion of the Memphis neighborhoods, which have faced higher rates of asthma and respiratory diseases as well as a lower life expectancy than other parts of the city. Studies have likewise shown these neighborhoods have a cancer risk that is four times the national average.
#NAACP #xAI #Elon Musk
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Global Development Apr 14, 2026

Sudan Conflict Enters Fourth Year: Global Response Deemed 'Bloody Unacceptable'

The conflict in Sudan has entered its fourth year, with the UN criticizing the global response as '…
The ongoing conflict in Sudan has been marked by a catastrophic humanitarian crisis, with 14 million people forced to flee their homes and tens of thousands reported missing. As the conflict enters its fourth year, the UN's top official in Sudan, Denise Brown, has expressed her concern over the apparent lack of political urgency to end the war.Brown described the situation as 'bloody unacceptable,' stating that it seems the world focuses on other crises and fails to find solutions for Sudan. The conflict between the paramilitary Rapid Support Forces (RSF) and the Sudanese army has killed at least 150,000 people and left 33 million in need of assistance.New research by Islamic Relief reveals that almost half of Sudan's vital community kitchens have closed in the past six months, exacerbating hunger and the threat of famine. Other studies corroborate the food crisis, with millions surviving on a single meal a day. The conflict has also led to the deliberate targeting of Sudan's health infrastructure, with 37% of hospitals deemed 'non-functional' and over 200 documented attacks on health facilities.The war has set Sudan's economy back more than 30 years, according to a detailed assessment by the UN Development Programme and the Institute for Security Studies. If the conflict continues until 2030, an additional 34 million people could be pushed into deprivation. Investigators are attempting to track down tens of thousands of civilians reported missing or forcibly disappeared since the start of the war.Cases of missing persons recorded by the International Committee of the Red Cross (ICRC) in Sudan stand above 11,000 – an increase of more than 40% during the last year – with the true figure believed to be many times higher. The ICRC helped 62,000 families track down relatives who had gone missing last year.The issue of funding has become increasingly critical, with overall funding for Sudan's humanitarian plans now only 16% met this year. The UN agency for children, Unicef, noted that even the modest amounts forthcoming are becoming less impactful due to increasing transport costs.
#sudan #war #missing
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Commentisfree Apr 14, 2026

Sudan’s Three‑Year Conflict Spirals Into Deeper Humanitarian Disaster Amid Stalled International Action

Three years after Sudan’s generals toppled the civilian government, the war has intensified, leavin…
"Bloody unacceptable" – those were the words of UN humanitarian chief Denise Brown as she condemned the failure to halt a war that has now entered its fourth year. The conflict, which began with rival generals overthrowing Sudan’s civilian leadership, has eclipsed global crises in Ukraine, Gaza and Iran, yet remains largely ignored. The Berlin‑hosted international conference aims to inject urgency into a situation where tens of thousands have been killed, four million have fled abroad, and millions more are internally displaced. Roughly 30 million Sudanese – more than half the population – now face acute food insecurity, and large swathes of Khartoum lie in ruins. Violence has not abated. The paramilitary Rapid Support Forces (RSF), led by Gen. Mohamed Hamdan Dagalo, have established a rival administration in western Sudan. In the siege of El Fasher, an estimated 10,000 civilians were massacred – a UN mission described the atrocity as bearing the hallmarks of genocide. Both the RSF and the Sudanese Armed Forces (SAF) under Gen. Abdel Fattah al‑Burhan have deliberately targeted civilians, carried out summary executions, tortured detainees and increasingly employed drones to devastate urban areas. Gen. Burhan, whose government enjoys international recognition, refuses any compromise, insisting the RSF must first disarm and retreat to camps before any national dialogue. The RSF, meanwhile, demands a new federal system and the removal of Islamist elements – a stance that directly challenges Burhan’s coalition. In September, a US‑led mediation team that included Saudi Arabia, the United Arab Emirates and Egypt outlined a tentative roadmap: a humanitarian truce leading to a cease‑fire and subsequent political talks. Yet the United States has shown little appetite to prioritize Sudan, and the plan sidestepped the most contentious issues. The deeper scandal, according to diplomats and analysts, is the role of external actors in sustaining the war. Despite denials, the UAE is widely reported as the principal backer of the RSF, while Saudi Arabia and Egypt back Burhan’s forces. Recent Yale research points to Ethiopian collusion with the RSF, raising fears of a broader regional conflagration. European states, which previously funded Sudanese security to curb migration, have inadvertently strengthened the RSF and supplied weapons now used on the battlefield. The ongoing Iran‑Israel conflict further hampers relief efforts, inflating costs and limiting aid deliveries. Community kitchens that once fed countless families are disappearing – more than 40 % have closed in the past six months. The Berlin delegates must therefore boost support for Sudan’s grassroots mutual‑aid networks, but humanitarian assistance cannot replace a durable peace. Pressure on the UAE and other geopolitically motivated actors is essential if the international community hopes to halt the suffering of millions of Sudanese.
#sudan #uae #egypt
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Politics Apr 14, 2026

Dolly Parton Leads U.S. Favorability Survey, Surpassing Obama and Zelenskyy by Over 50 Points

A University of Massachusetts‑YouGov poll of 1,000 Americans finds country‑music icon Dolly Parton …
In a fresh University of Massachusetts and YouGov poll of 1,000 U.S. adults conducted in early April, country‑music legend Dolly Parton emerged as the most favorably viewed global figure, securing a 70% favorable rating and only 5% unfavorable, translating to a net favorability of +65%. Former President Barack Obama ranked second with a net favorability of +14% (50% favorable, 36% unfavorable). Ukrainian President Volodymyr Zelenskyy followed closely, posting a net favorability of +12% after 35% of respondents expressed a favorable view and 22% an unfavorable one. Other political figures fared poorly: former President George W. Bush earned a modest +5% net score, while Donald Trump and Joe Biden registered negative net favorabilities of ‑18% and ‑19% respectively. Pop star Taylor Swift managed a modest +3% net rating, and Russian President Vladimir Putin landed at the opposite extreme with a stark ‑65% net favorability. Parton’s dominance is notable not only for the size of the margin—over 50 percentage points ahead of her nearest rivals—but also because she is the only figure, aside from Obama, for whom a majority of respondents expressed a favorable opinion. Analysts attribute Parton’s success to her deliberately apolitical public persona and extensive charitable work. In a 2017 interview, she emphasized, “Everybody knows I don’t play politics,” a stance that has helped her maintain a broad bipartisan fan base. Her philanthropic impact is substantial. The Dollywood Foundation’s Imagination Library has donated more than 270 million books to children under five across the United States, Canada, the United Kingdom, Ireland, and Australia. Additional contributions include a $1 million gift to Vanderbilt University Medical Center that supported the development of the Moderna COVID‑19 vaccine, over $12 million to families displaced by the 2016 Tennessee wildfires, and ongoing funding for pediatric infectious‑disease research. Parton’s charitable achievements were recognized with the Carnegie Medal of Philanthropy in 2022**, and she was highlighted by Time as one of the most influential philanthropists of 2025. The poll’s findings suggest a public appetite for figures who embody generosity and cultural resonance without entanglement in partisan politics, underscoring a broader trend of voters gravitating toward non‑political icons in an era of heightened polarization.
#Dolly Parton #Barack Obama #Volodymyr Zelenskyy
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Sports Apr 14, 2026

Iran Releases Assets of Women's Football Team Captain After Asylum Drama in Australia

Iran's judiciary has released the assets of Zahra Ghanbari, the captain of the Iranian women's foot…
Iran's judiciary announced on Monday that the assets of Zahra Ghanbari, captain of the Iranian women's football team, have been released. This decision comes after Ghanbari initially sought asylum in Australia, only to later withdraw her claim and return to Iran. Ghanbari was among a group of six players and one backroom staff member who sought asylum in Australia in March, following their participation in the Women's Asian Cup. The move sparked controversy, particularly as it coincided with the escalating conflict between Iran, Israel, and the United States. Upon their return to Iran, Ghanbari and the other players were greeted as heroes in a special ceremony in central Tehran on March 19. The Iranian judiciary's decision to release Ghanbari's assets was made after she declared her innocence and changed her behavior. The release of Ghanbari's assets is significant, as Iranian authorities have been accused of pressuring athletes who compete abroad, threatening their families or seizing their property if they defect or make statements against the Islamic republic. Rights groups have repeatedly highlighted these concerns, citing cases where athletes have faced intimidation and coercion. In related developments, two Iranian women's footballers remain in Australia and have been training with the Brisbane Roar club. The controversy surrounding the team's asylum claims has unfolded against the backdrop of Iran's men's team preparing to play in the World Cup in the United States in June.
#iran #asylum #australia
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Politics Apr 13, 2026

Sudan Conflict: Millions Survive on One Meal a Day as Food Crisis Deepens

Millions of people in Sudan are surviving on just one meal a day due to a deepening food crisis cau…
The humanitarian situation in Sudan has reached a critical point, with millions of people struggling to access adequate food. A report by a group of nongovernmental organisations (NGOs), including Action Against Hunger, CARE International, and the Norwegian Refugee Council, highlights the dire situation.The conflict, which began in April 2023, has caused widespread hunger and displaced millions of people, creating one of the world's largest humanitarian crises. The report notes that nearly three years of conflict have systematically eroded Sudan's food system, leading to mass hunger.In the two states worst hit by the conflict – North Darfur and South Kordofan – millions of families can only access one meal a day. Often, they miss meals for entire days, and many have resorted to eating leaves and animal feed to survive.The NGOs also report that communal kitchens set up to collectively prepare and share meals are struggling to stretch the scarce food available as resources dwindle. The crisis is being compounded by a worsening economic crisis and climate change.The Sudanese government has denied the existence of famine, while the Rapid Support Forces (RSF) denies responsibility for such conditions in areas under its control. However, the UN has reported widespread atrocities and waves of ethnically charged violence.According to the 2026 Humanitarian Needs and Response Plan, 61.7 percent of Sudan's population – 28.9 million people – is facing acute food shortages. The UN-backed Integrated Food Security Phase Classification has confirmed famine conditions in several areas, including el-Fasher and Kadugli.
#Sudan #Sudanese Armed Forces #Rapid Support Forces
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