All articles tagged with #global policy
The Australian government is considering terminating a $2.3 billion contract with ICE-linked operator Secure Journeys early due to poor performance, including fires, escapes, and deaths in detention centers. Home Affairs is seeking legal advice on options, including stripping duties or ending the deal before its 2029 expiry, while unions protest deteriorating conditions and pay gaps.
Morgan Stanley's chief investment officer warns that the structural forces affecting the US dollar could impact US equities, as deteriorating US-China relations, the end of yield curve management in Japan, and rising Bitcoin and commodity prices suggest the dollar's strength may be reaching its limit. The potential shift in the dollar regime could impact US stocks through earnings multiples, prompting investors to consider diversifying globally for future stock returns.
Experts are concerned about the US government's plan to handle delicate AI policies after Secretary of State Antony Blinken announced that he is working with European partners to outline a voluntary AI conduct code. Marc Rotenberg, executive director at the Center for AI and Digital Policy, believes that such decisions should be made through political institutions and not just at high-level meetings. Rotenberg also expressed frustration with the voluntary conduct codes, as the US is already part of the OECD AI principles, which the US led the effort on.