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Amazon quietly signed a $5.5 billion deal to sell its products to American cities — here are some of the biggest spenders

“The contract could hinder local or national retailers that would otherwise be able to sell their products to local governments” writes Leanna Garfield for businessinsider.com. These figures can hint at local governments’ Amazon spending habits going forward.In 2017, Amazon signed a contract with US Communities to provide its products to 1,500 public agencies, ranging from Atlanta Public Schools to the Mesa, Arizona police department.It may also help Amazon fortify its position as the dominant platform for online commerce, especially among local governments.While not every Amazon product is available through the…

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GBP News 

‘A real blow’: The City of London is furious with the government’s Brexit plan for finance

“McGuinness’ thoughts were backed up by Miles Celic, the head of The City UK, which represents the whole of the UK financial services industry” writes Will Martin for businessinsider.com. As such, a new plan for the financial services sector must be created.”Today’s Brexit white paper is a real blow for the UK’s financial and related professional services sector,” the City of London’s policy chairman Catherine McGuinness said in a statement. Source: businessinsider.com Share This:

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Amazon’s Government Procurement Contracts Spawn Criticism

“Amazon secured the contract through U.S. Communities, a government purchasing alliance that includes local governments” reports pymnts.com. The U.S. government is increasing its use of eMarketplaces like Amazon for procurement at the local and federal levels, but Amazon’s government contracts are raising some eyebrows over competitiveness of the deals.She added that smaller companies will have a greater chance of securing government business via Amazon Business, instead of having to individually reach out to each of the 3,200 procurement units in the federal government. Source: pymnts.com Share This:

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England does not need a nation of  Oxford degrees, Government’s chosen social mobility chief warns

“England does not need a nation of adults with Oxford degrees, the Government’s chosen social mobility chief has warned” writes Education Editor for telegraph.co.uk. I think that, for me, is a huge key to making a real difference in social mobility.”. A shake-up of the system would “make a real difference” to social mobility, ensuring everyone gets the same opportunities in life, regardless of background.Dame Martina was announced in May as the Government’s preferred candidate to become the next chairwoman of the social mobility commission. Source: telegraph.co.uk Share This:

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Businesses have finally run out of patience with the UK government’s handling of Brexit

“The cabinet retreated to Chequers on Friday to try to thrash out a Brexit deal proposal but Theresa May is in open conflict with her ministers” writes Finanzen Net Gmbh for businessinsider.com. The aeroplane manufacturer, which employs 14,000 people in the UK, said in late June that a no deal Brexit could force it to leave the country.Together they employ over 70,000 people in the UK. They have collectively warned that many of those jobs may be under threat.In the immediate aftermath of the Brexit vote, there was some noise…

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50 years of technology breakthroughs: 1968-2018

“As you have seen, over the last 50 years, technology has empowered us, but it has also come with a price” reports zdnet.com. Social networks will sacrifice our safety for their own reasons, possibly changing the outcome of world governments.Stay tuned for vastly improved drone technology, along with a fight over whether or not drones are intruding on our privacy.We haven’t showcased a lot of technology that’s still got enormous potential, but hasn’t yet rocked the entire world. Source: zdnet.com Share This:

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Government’s smart meter roll out ‘will lead to gas and electric surge pricing’

“Unlike ordinary meters, smart meters transmit information about when households use most energy to suppliers” writes Katie Morley for telegraph.co.uk. Smart meters will allow energy firms to introduce “surge pricing” to charge households more for gas and electric at peak times, a former senior Ofgem manager has warned. At present customers will smart meters are charged a flat fee per unit of energy used.Under the Government’s £11bn smart meter roll out every home in the UK will be offered a smart meter by 2020, in an effort to help people save money…

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Markets News 

State and local governments need Congress to fix one more mistake from financial reform

“Well, it is for them, but it isn’t for state and local taxpayers, main street businesses, and other drivers of economic development and job creation” reports washingtonexaminer.com. The rule eliminated the use of stable net asset value, or NAV — the dollar-per-share valuation of nongovernment money market funds — in favor of a floating NAV valuation system that makes them impractical for state and local governments to use.The Trump administration and Congress can right this wrong by enacting legislation to restore the ability of money market funds to support the…

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AT&T-Time Warner Merger Gains Judge’s Approval

“U.S. District Court Judge Richard Leon has issued his blockbuster decision in the landmark antitrust lawsuit over the $80 billion merger between AT&T and Time Warner” writes Eriq Gardner for billboard.com. On Tuesday, the federal judge allowed the merger to move forward over the government’s challenge.Now that the judge has said the merger doesn’t violate antitrust law, the parties move to the next phase.At the hearing, though, the judge hinted he wouldn’t issue a stay on the merger pending the appeal. Source: billboard.com Share This:

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IMF agrees $50bn loan for inflation-stricken Argentina

“President Mauricio Macri announced in May that his government was seeking a financing deal with the IMF following a sharp devaluation of Argentina’s currency and a tough global economic outlook” writes Luis Alongo Lugo for independent.co.uk. The IMF said the staff-level agreement will be subject to approval by the international body’s executive board, which will consider Argentina’s economic plan in the coming days. Source: independent.co.uk Share This:

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