All posts tagged: Expense

The House | How Austerity-Hit Councils Are Passing The Buck – At The Expense Of The Most Vulnerable

The House | How Austerity-Hit Councils Are Passing The Buck – At The Expense Of The Most Vulnerable

Illustration by Tracy Worrall 14 min read1 hr From schools to social care, healthcare to housing, local councils have arguably been the biggest victims of all the funding cuts we’ve seen over the last two decades. Chaminda Jayanetti reports on how they have been left in a tug of war with other state bodies over who funds the state provision needs of the most vulnerable in society With public sector budgets having never truly recovered from the austerity cuts of the early 2010s, a growing dynamic in English public services is different organisations trying to push costs onto one another so they don’t have to pay up themselves. At the epicentre of this are councils, arguably the biggest victims of austerity when funding cuts are set against rising demand. Local authorities are engaged in constant battles with other state entities – and indeed sometimes internally, in a kind of budgetary civil war – over who has to fund which needs, some of which are statutory requirements. And often, it’s members of the public …

Trump wants do-over of failed airline fantasy — at taxpayers’ expense

Trump wants do-over of failed airline fantasy — at taxpayers’ expense

It looks like Donald Trump is taking on yet another side gig. In addition to his day jobs running the most powerful nation on earth, overseeing his family’s fortune and serving as general contractor for the rebuilding of the White House and Washington, D.C., he is taking on yet another full-time responsibility. The president plans to take over America’s worst airline, turn it around and sell it for a profit. If there’s a more perfect illustration of the Trump era, I don’t know what it would be. Hemorrhaging cash and in bankruptcy court, Spirit Airlines is on the brink of liquidation. The nation’s largest budget airline has been struggling for years and has been forced to drastically downsize by selling planes and cutting routes. With the federal government reportedly close to stepping in with a $500 million bailout plan, Trump apparently wants to buy it outright and run it.  The president does, after all, have experience with bankrupt airlines. Nearly 40 years ago, he ran one into the ground. The president does, after all, have …

AI Makes You Sound Smart at the Expense of Being You

AI Makes You Sound Smart at the Expense of Being You

Today, I’m seeing a particular kind of loss that can go unrecognized. There’s no alarm that sounds and no obvious failure that jumps out at you. Solutions are still found, and the work still gets done. But something’s missing that is difficult to name until you’ve seen it and felt the discomfort that follows along. I know people—genuinely brilliant people—whose writing has changed since they began relying on artificial intelligence. Not changed for the worse in a conventional sense. Their sentences are cleaner, and their structure is so well-crafted. But the voice is gone. The unexpected (or perhaps even expected) turn of phrase or the cognitive leaps that only this unique mind would make have been lost. The magic I expected just isn’t there. What’s left is fluency without fingerprints. To me, this is a great cognitive injustice. Let me unpack this a bit. Injustice implies a wrong and a victim. What makes this philosophically interesting is that both are the same person. Nobody imposed this condition, and no external force extracted the original mind …

Meghan Markle’s 0,000 Paris expense examined

Meghan Markle’s $250,000 Paris expense examined

Fresh details have emerged about the cost of Meghan Markle’s headline-making appearance at a Balenciaga fashion show in Paris, with reports suggesting the trip may have cost around $250,000 in expenses alone. The details come from an extract in journalist Tom Bower’s latest book, Betrayal: Power, Deceit And The Fight For The Future Of The Royal Family, which examines the Duchess of Sussex’s evolving public image and the fierce battle for attention between global brands and celebrity figures. According to Tom, Meghan herself played a central role in orchestrating the moment. “The coup was masterminded by Meghan herself,” Tom writes. “Balenciaga had been ‘cancelled’ in 2022 for featuring children alongside fetish-themed teddy bears. In the aftermath of the uproar, Balenciaga had hired a new creative director, Pierpaolo Piccioli, previously employed by Valentino. Meghan had worn a few of Piccioli’s costumes.” He continues: “She called him with a suggestion. In return for all her expenses, she would make a surprise entrance at his show. In the battle against their rivals for publicity, Balenciaga calculated Meghan’s proposal …

Cruz Beckham makes obvious ‘joke’ at brother Brooklyn’s expense with new cooking video

Cruz Beckham makes obvious ‘joke’ at brother Brooklyn’s expense with new cooking video

Cruz Beckham took to TikTok on Friday to share a cooking video with his followers. The singer uploaded a video of his culinary skills to the popular social media site, which showed him perfecting a bowl of soup. Due to the ongoing family feud, in which Brooklyn spoke out against his family on social media in January and remains estranged, many fans felt Cruz’s latest video could have been a thinly-veiled joke aimed at his older brother, Brooklyn, who is known to be an aspiring chef. The 27-year-old, who is a founder of hot sauce brand Cloud 23, often shares videos of his dishes on Instagram. © @cruzbeckhamCruz playfully warned chef Gordon Ramsay to ‘watch out’ Cruz, who has launched a singing career this year alongside his band, The Breakers, documented himself whipping up the meal, which he topped with bacon. Laughing good-naturedly at his efforts, the second youngest Beckham offspring penned: “Wanna see the best cooking video ever? Don’t watch this then.” Cruz showed off his cooking skills Reposting the video on Instagram later, …

Thirty years of judicial negligence, at the expense of victims

Thirty years of judicial negligence, at the expense of victims

The image was devastatingly powerful. With her back turned, US Attorney General Pam Bondi refused to so much as glance at the six victims of Jeffrey Epstein present in the audience during her House of Representatives hearing on Wednesday, February 11. At the request of Democrat Pramila Jayapal of Washington, the victims stood. “Raise your hand if you still have not been able to meet with this Department of Justice,” Jayapal asked them. All six did. Bondi refused to apologize, remained silent, gave a slight shake of her head and resumed her offensive against each lawmaker who criticized her. Several times, the attorney general deflected criticism by invoking her predecessor, Merrick Garland, noting that he was never questioned in this chamber during Joe Biden’s presidency about the same Epstein case. Republican Thomas Massie of Kentucky, a tireless advocate for the victims, put the responsibility back on her. “This is bigger than Watergate. This goes over four administrations. You don’t have to go back to Biden. Let’s go back to Obama. Let’s go back to George …

Meta Stock Jumps Despite Soaring Capex, Expense Forecast

Meta Stock Jumps Despite Soaring Capex, Expense Forecast

As we wrote in our Mag 7 earnings preview, investor sentiment has soured considerably on META since the Q3 25 print when it became abundantly clear that Zuckerberg’s foot remains firmly pressed down on the OpEx/capex accelerator. To date, investors have seen little tangible evidence that the Meta Superintelligence Lab is capable of producing a leading edge model, and as JPM sais, “we won’t receive clarity on that issue this print. (But we may get some in the March/April timeframe when Avocado might launch.)” Looking at this quarter specifically, investors’ attention will be focused squarely on the 2026 OpEx guide (can’t be bigger than feared) as well the Q1 26 Revenue guide (needs to show a modest FXN acceleration on an easier comp). All told, investor sentiment on META heading into this print was at best ‘timid’, with many looking for the trade-off between massive capex and returns on investment. Going into earnings, Goldman’s desk wrote that investor positioning is 7/10, and notes that the stock has been a relative short amongst Mag7 peers for investors since …