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Revised UK welfare reforms to push 150,000 into poverty

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Watering down the government’s flagship welfare changes will cost taxpayers £2.5bn, work and pensions secretary Liz Kendall admitted on Monday, as official estimates showed the revised measures will still push 150,000 people into poverty. Setting … Read more

Philanthropy CEO: Silicon Valley entrepreneurs who think they can cure poverty are a red flag

Jacqueline Novogratz, founder and CEO of Acumen, says she is wary of philanthropy entrepreneurs who think they can cure poverty using a Silicon Valley model. “The biggest point of failure when we’re looking at entrepreneurs … is they come in thinking they have this solution,” Novogratz said at Fortune’s Most Powerful Women Summit in Riyadh. “That, … Read more

Trump administration dismantles office that sets federal poverty guidelines

A massive crowd of New Yorkers from across the labor movement and allies march to demand the current administration to stop the federal cuts as right-wing politicians in Washington are moving forward with devastating proposals to cut two trillion dollars from Medicaid, Medicare, housing and food assistance and other vital programs. Photo by Erik McGregor/LightRocket … Read more

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