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Privatization

All articles tagged with #privatization

TSA pivots from Gold+ to an evolved private-screening program under Horizon 25
policy17 hours ago

TSA pivots from Gold+ to an evolved private-screening program under Horizon 25

TSA is scrapping the Gold+ privatized screening concept in favor of an 'evolved' Screening Partnership Program as part of Administrator Cummins’ Horizon 25 Strategy to modernize checkpoints and broaden private partnerships (and bolster PreCheck). Tampa International Airport decided not to adopt Gold+, opting to keep TSA officers, while other airports had considered the plan. The shift follows ongoing privatization push debates, with labor groups weighing in and Gold+ procurement already underway before the pivot.

via Federal News Network|
#gold#horizon-25-strategy#policy
FIFA's Kushner-backed World Cup plan draws UEFA ire
world28 days ago

FIFA's Kushner-backed World Cup plan draws UEFA ire

FIFA unveiled a plan to run the World Cup and related events through a private entity, FIFA Forward Enterprise (FFE), funded by private investors and valued at about $20 billion. The scheme would raise up to $4.2 billion for development, with investors including Thrive Eternal founded by Joshua Kushner, amid scrutiny given Kushner-Trump ties. UEFA condemned the move, arguing football governance cannot be sold, while FIFA would retain control of regulations and competitions; 211 member federations could access up to $20 million through a new FIFA Fast-Forward program. The proposal echoes earlier privatization efforts and has implications for future World Cups and governance.”

via CNN|
#fifa#kushner#privatization
Jamaica goes to court to challenge beach privatization and defend public access
environment2 months ago

Jamaica goes to court to challenge beach privatization and defend public access

Campaigners led by the Jamaica Beach Birthright Environmental Movement (Jabbem) are filing five court cases to prevent privatization of public beaches including Mammee Bay, Little Dunn’s River, Blue Lagoon, Bob Marley Beach and Flankers/Providence, arguing the 1956 Beach Control Act and the Narra Act erode long-held public access and threaten livelihoods. The government says access should be balanced with economic benefits and resilience, pointing to corridors for the sea and a proposed beach access policy, while critics warn that new laws could grant developers “qualified rights” and weaken oversight.

via The Guardian|
#beach-access#beach-control-act#environment
Cruz hints at privatized Social Security through private accounts
politics3 months ago

Cruz hints at privatized Social Security through private accounts

Sen. Ted Cruz publicly floated the idea of privatizing Social Security by expanding private accounts, a stance associated with GOP reform efforts linked to former President Trump. The remarks are framed as exposing a long-held GOP position on restructuring the program, drawing support from conservatives while raising concerns among critics about guarantees and solvency. The piece places Cruz’s comments in the broader context of ongoing Republican discussions on Social Security reform.

via Yahoo Finance|
#politics#privatization#social-security
Cruz frames 'Trump accounts' as a privatized path to Social Security
politics3 months ago

Cruz frames 'Trump accounts' as a privatized path to Social Security

Sen. Ted Cruz on a panel at the Milken Institute described the so‑called Trump accounts for children—created under the One Big Beautiful Bill Act that lets parents open tax‑advantaged accounts—as Social Security personal accounts, drawing a direct line to privatizing or reforming the retirement program and citing Australia’s superannuation model. He argued conservatives have pursued this approach for decades and predicted a growing constituency once parents see their kids’ Trump accounts grow, potentially pressuring a redesign of payroll taxes. The White House characterizes the accounts as a wealth-building supplement rather than privatization, while noting Social Security faces funding challenges with the trust fund set to run out by 2034.

via Yahoo|
#one-big-beautiful-bill-act#politics#privatization
Cruz frames Trump accounts as private Social Security play, fueling privatization talk
politics3 months ago

Cruz frames Trump accounts as private Social Security play, fueling privatization talk

At the Milken Institute Global Conference, Sen. Ted Cruz framed Trump’s new accounts as “Social Security personal accounts,” suggesting a path to privatize Social Security by diverting payroll taxes into stock-based accounts for future generations—a view echoed by some conservatives and investors but criticized by advocates as a backdoor privatization; White House and Treasury officials say the accounts are additive and do not change Social Security.

via Axios|
#milken-institute#politics#privatization
HSBC beats 2025 targets as Hang Seng privatization drives momentum
business6 months ago

HSBC beats 2025 targets as Hang Seng privatization drives momentum

HSBC reported 2025 pre-tax profit of $29.91 billion on revenue of $68.27 billion, beating estimates with RoTE of 13.3% and a target of 17%+ for 2026–2028. The results come after the privatization of Hang Seng Bank completed Jan 26 and are expected to yield synergies gradually. Q4 pre-tax profit rose to $6.8 billion and revenue to $16.4 billion. The bank is pursuing cost efficiency, signaling about 8% payroll cost reductions and a 15% cut in managing-director roles, while potential performance-linked bonus changes are being discussed to weed out underperformers.

via CNBC|
#business#earnings#hang-seng-bank
APWU Boss Pushes Affordable, Expanded USPS Amid Losses
government6 months ago

APWU Boss Pushes Affordable, Expanded USPS Amid Losses

USPS opened fiscal 2026 with a $1.25 billion first-quarter loss, but first-class mail delivery improved to 87.3% on time. APWU President Jonathan Smith argues USPS must be affordable and offer broader services (e.g., postal banking, EV charging, copies) to win back customers, while opposing privatization and pushing for prudent staffing and service improvements amid ongoing reform discussions and AI concerns.

via Federal News Network|
#affordability#apwu#delivering-for-america
Caribbean Island Residents Barred from Beaches
world7 months ago

Caribbean Island Residents Barred from Beaches

Less than 1% of Jamaica's coastline is accessible to locals due to privatization driven by laws and private developments, leading to community displacement and loss of cultural ties; residents and activists are fighting for the repeal of laws to restore public access, while responsible tourism advocates support visiting public beaches and supporting local businesses.

via BBC|
#beach-access#jamaica#privatization