The pay stubs tell the story. Hefty deductions to help cover the cost of Kenya’s new funds for affordable housing and health insurance. More money subtracted for jacked-up contributions to the National Social Security Fund and an increase in the tax rate. In a matter of months, Kenyans with a 45,000-shilling-a-month salary — roughly $350 — saw their take-home pay …
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The World Bank Pivoted to Climate. That Now May Be a Problem.
As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries, is facing doubts over whether its biggest shareholder, the United States, will stay on board. While the Trump administration has voiced neither support nor antipathy for the bank, it has issued …
Read More »Judge Extends Block on N.I.H. Medical Research Cuts
A federal judge on Friday agreed to extend an order blocking the National Institutes of Health from reducing grant funding to institutions conducting medical and scientific research until she could come to a more lasting decision. Judge Angel Kelley of the Federal District Court for the District of Massachusetts had temporarily blocked the Trump administration’s cuts from taking effect earlier …
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