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Ethics Opinion 1291: Participation in an Alternative Business Structure (ABS) - New York State Bar Association
Opinion 1291 (01/30/2026) Topic: Participation in an Alternative Business Structure (ABS) Digest: A New York lawyer may hold a financial interest in an ABS which renders legal services in a jurisdiction where such provision of legal services is permitted. A New York lawyer may have a contractual relationship with such an entity pursuant to which
RFK Jr. kicks off national tour in Nashville, highlighting food safety, AI in healthcare
Tennessee officials welcomed U.S. Health and Human Services Secretary Robert F. Kennedy Jr. on Wednesday to kick off his Take Back America tour and highlight ef
Cooper Health's new mobile unit brings primary care to people with autism and other developmental disabilities
The program aims to reduce the stress that medical visits may cause for these patients and remove barriers to care.
SAMHSA Distributes Nearly $800 Million in Block Grants Nationwide for Community-Based Mental Health and Substance Abuse Programs
SAMHSA, recently distributed $794 million in block grant funding across the United States and territories for community mental health services and substance abuse treatment and prevention.
Wild West Festival announces day 1 entertainment
Hays' Wild West Festival announced Tuesday night that Lakeview will p
Canada Services PMI Falls to 45.8 in January as Activity and New Business Decline
Activity in Canada’s services industry contracted even more sharply to start the new year, extending a downturn as tariffs and broader uncertain continue to weigh heavily, data released Wednesday showed.
Swanson Health Re-Platforms to Ordergroove and Shopify to Power World-Class Subscriber Experiences and Long-Term Customer Growth
The leading wellness brand replaces homegrown systems with innovative commerce and no-code subscription technology to deliver more personalized, engaging customer journeys.NEW YORK, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Swanson Health, a global wellness brand known for premium quality vitamins and supplements and a long-standing reputation for customer service, today announced the successful launch of its eCommerce and subscription technology stack with Ordergroove, the leader in Relationship Commer
Europe and North America Home and Small Business Security System Market Report 2026: DIY Convergence, AI Integration, and Smart Home Competition Reshape the Landscape
Significant opportunities exist in expanding home and small business security systems, particularly in Europe, where penetration is lower. Growth is driven by interactive services, smart home integration, and the rise of DIY security solutions, posing challenges and opportunities for traditional providers. Installed Base of Profesionally Monitored Home and Small Business Alarm Systems in EU27+3 and North America, 2024-2029 Installed Base of Profesionally Monitored Home and Small Business Alarm S
Why Democrats might struggle to achieve another midterm ‘blue wave’ in the US House
Eight years ago, Democrats flipped more than 40 seats with the help of dozens of veterans and candidates with service backgrounds motivated to run as a check on President Donald Trump.
New England-based tire and service company acquires CT business. ‘An important market’
A West Hartford auto business has been sold to VIP Tires & Service, according to a statement.
Cape bridges business coalition podcast launched by Cape Cod Chamber
Cape and Islands Bridges Coalition and Chamber of Commerce podcast focuses on the impact of the bridge replacement plans on business and services
Children’s Minnesota to pause some pediatric gender health services
Gender-affirming care for transgender youth remains legal in Minnesota, but the hospital says it will pause prescribing puberty-suppressing medications and pubertal hormones to patients under the age of 18.
Supplemental Health Care Earns Ninth Best of Staffing Talent and Client Awards in 2026
Supplemental Health Care (SHC), a leading tech-enabled workforce solutions provider, has been named a winner of ClearlyRated's 2026 Best of Staffing Client and Talent awards, underscoring the company's commitment to world-class service in behavioral health, education, and healthcare. In addition, SHC has maintained its prestigious Gold status, reflecting a sustained track record of excellence for five or more consecutive years.
Medicaid cost, DCF oversight among CT lawmakers’ 2026 priorities
Connecticut legislators have lofty ambitions to tackle major health and human services challenges during the 2026 legislative session.
Mayor Mamdani Joins DCWP and NYC Health + Hospitals to Promote Free Tax Preparation Services for New Yorkers - NYC Health + Hospitals
New York, NY – Today, Mayor Mamdani joined the Department of Consumer and Worker Protection (DCWP), NYC Health + Hospitals
Carbon Health files for Chapter 11 bankruptcy relief with more than $100M in debt
Primary care company Carbon Health filed for Chapter 11 bankruptcy relief in Texas. | The company, which offers both in-person care at nearly 100 clinics and virtual care services, said Monday it reached a restructuring agreement with its existing lenders that establishes a "clear path to recapitalization and new ownership."
TransLogic™ Launches Secure Tube System Monitoring for Healthcare Operations
BROOMFIELD, Colo., February 03, 2026--TransLogic, a Swisslog Healthcare company and a leading supplier in transport automation, has launched MYtranslogic, a breakthrough cloud-based repository, for North America healthcare facilities. The platform, developed in partnership with DevIQ, provides enhanced access to TransLogic tube system monitoring, helping prevent minor issues from escalating into system service interruptions that prove costly to patient care and staff efficiency.
Key business publications spotlight new Sportservice leaders
Two recently appointed leaders of Delaware North’s Sportservice business – Tom Barney and Adrian Dishington – were profiled this month in Sports Business Journal (SBJ) and Buffalo Business First, respectively. Together, their stories highlight both the company’s deep bench of homegrown talent and its ability to attract global hospitality expertise to Buffalo. Tom Barney featured in Sports Business Journal In an interview […]
RFK Jr.: ‘Fragmented’ addiction treatment system ‘has not worked in this country’
Department of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. on Monday touted a new $100 million effort to fight opioid addiction highlighting the country’s “fragmented” system for…
Read AI dating app Ditto's pitch deck: $9.2 million seed
Ditto, an AI matchmaking service for college students, raised millions as it expand to more college campuses.
January Deep Freeze Impacts Small Business Foot Traffic, New Fiserv Data Shows
Fiserv Small Business Index declined 1 point to 143; year-over-year sales grew +0.7% MILWAUKEE, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for January 2026,
How GoCab Built A Business With Purpose In Africa And Beyond
GoCab enables drivers in Africa and other emerging markets to purchase their own vehicles so they can build sustainable businesses such as taxi and courier services
Iowa bill targets illicit massage businesses linked to human trafficking
Under current Iowa law, massage therapists must be licensed — but the businesses that employ them are not. That means when illegal services are uncovered, enforcement often falls on individual therapists rather than the owners running the operation.
What’s new in Android’s February 2026 Google System Updates
The monthly “Google System Release Notes” primarily detail what’s new in Play services, Play Store, and Play system update across...
Driver license offices to return to normal business hours
ROCKY MOUNT, N.C. (WNCT) — Due to the exhaustion of federal funding, the North Carolina Division of Motor Vehicles said they will end the extended early-morning hours at 90 driver license offices. Officials said these offices have opened at 7am instead of the standard 8am to provide additional customer service time, but can no longer […]
Streaming service Crunchyroll raises prices weeks after killing its free tier
Sony has made streaming anime pricier since buying Crunchyroll.
Gas explosion in New Hampshire sparks a fire at a mental health facility
A natural gas explosion ripped through a building for mental health services in Nashua, New Hampshire, and sparked a fire
From Park City to Boulder and Beyond, United for Business Keeps Festivals and Productions Moving With Travel Solutions
United supports the entertainment industry with specialized travel programs and high-touch service
Measles case reported in Dane County, Wisconsin Dept. of Health Services says
Wisconsin Department of Health Services and Public Health Madison-Dane County said the person became exposed to the illness during international travel.
HHS Secy Kennedy Jr., Dr. Oz & Admin Officals Discuss Behavioral Health
Health and Human Services Secretary Robert F. Kennedy Jr., Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz, and others announce "Action for Progress," an initiative addressing mental health and addiction.
Global health systems ‘at risk’ as funding cuts bite, warns WHO
The UN World Health Organization (WHO) warned on Monday that cuts to international aid and persistent funding gaps are undermining the global health system.
How Team USA has evolved mental health services for Olympians
U.S. Olympic and Paralympic athletes will benefit from a robust mental health program despite scrutiny it faced in past years, according to the USOPC.
Watch live: Top health officials launch initiative addressing mental health, addiction
Health and Human Services Secretary Robert F. Kennedy Jr., Centers for Medicare and Medicaid Services Administrator Mehmet Oz and other officials on Monday will announce an initiative addressing me…
Blend Named a Leader in AIM Research's PeMa Quadrant: Top Data Science Service Providers 2025
/PRNewswire/ -- Blend, a leading provider of AI-powered data science and analytics services, has been named a Leader in AIM Research's PeMa Quadrant: Top Data...
TIVER HONORED BY NJ BUSINESS & INDUSTRY ASSOCIATION FOR SUPPORT OF SMALL BUSINESSES
TIVER HONORED BY NJ BUSINESS & INDUSTRY ASSOCIATION FOR SUPPORT OF SMALL BUSINESSES February 2, 2026 Senator Latham Tiver (R-Burlington, Atlantic) was honored by the New Jersey Business & Industry Association (NJBIA) with the Paul L. Troast Award, recognizing his outstanding public service to the business community and strong commitment to improving New Jersey’s[...]
Vanderbilt Health acquires Tennova’s Clarksville hospital and related physician clinics from Community Health Systems
Leaders with Vanderbilt Health announced today completion of the acquisition of Tennova Healthcare-Clarksville Hospital and freestanding emergency room Tennova ER-Sango, along with the hospital’s related businesses, including physician clinics and outpatient services, from Community Health Systems Inc. (CHS). Vanderbilt Health has held a 20% minority interest in these operations since 2021. Under Vanderbilt Health’s ownership, the 270-bed hospital will be named Vanderbilt Clarksville Hospital (VCH) while the freestanding Sango ER will be named Vanderbilt Emergency Sango. Also joining the Vanderbilt Health system through the acquisition are physician practice locations in Clarksville, Dover, Pleasant View and Tiny Town offering, depending on location, orthopaedics, primary care, wound care, digestive health, urology and surgical services. Acquisition of the hospital and its related physician practices expands Vanderbilt Health’s ability to serve patients across the region, supporting its ability to provide high-quality care in more convenient, community settings that are also more cost-effective. “We are thrilled to welcome Vanderbilt Clarksville Hospital into our health system. Providing exceptional care close to home is invaluable, and we are eager to serve the citizens of Clarksville and Montgomery County by expanding the hospital’s programs and services,” said Jeff Balser, MD, PhD, President and CEO of Vanderbilt Health and Dean of Vanderbilt University School of Medicine. This acquisition marks Vanderbilt Health’s fourth regional hospital expansion, further strengthening its presence across Middle Tennessee beyond its already extensive inpatient and ambulatory services in Nashville. VCH joins Vanderbilt Health’s network of regional medical centers that now include Vanderbilt Wilson County Hospital in Lebanon, Vanderbilt Tullahoma-Harton Hospital in Coffee County, and Vanderbilt Bedford Hospital in Shelbyville. With a strong record of growth and investment in people, programs and services for its regional hospitals, residents of Clarksville, Montgomery County and the surrounding region can expect that Vanderbilt Health will bring a host of adult and pediatric services to the area. Initial plans for VCH over the upcoming year include increased staffing for the hospital’s emergency services, including the addition of pediatric emergency medicine specialists with Monroe Carell Jr. Children’s Hospital at Vanderbilt, along with increased surgical specialty offerings. Longer term, physicians and staff will be recruited to bring a broader array of adult and pediatric specialty services to the community. “I am delighted to welcome the physicians, nurses and staff of Vanderbilt Clarksville Hospital into the Vanderbilt Health family and look forward to working closely with the hospital’s medical staff and members of the local health care community to ensure we excel at meeting their needs as caregivers as we pursue the goal of improving the health and wellbeing of the patients we serve,” said Jane Freedman, MD, Deputy Chief Executive Officer and Chief Health System Officer for Vanderbilt Health. Currently, VCH employs approximately 1,100 staff and more than 30 physicians. Through this acquisition Vanderbilt Health has committed to hire substantially all current employees who are in good standing. Services already established by Vanderbilt Health at VCH include an OB-GYN hospitalist program, an array of oncology services provided by a multidisciplinary team with Vanderbilt-Ingram Cancer Center, and neonatal care in the hospital’s Level II Neonatal Intensive Care Unit provided by specialists with Monroe Carell. VCH has been designated as an Accredited Chest Pain Center and a Wound Care Center of Distinction and has earned the Gold Seal of Approval from The Joint Commission. More information about Vanderbilt Clarksville Hospital is available at: vanderbilthealth.com/hospital/vanderbilt-clarksville-hospital
U.S. Physical Therapy Announces Strategic Alliance with NYU Langone Health
HOUSTON, February 02, 2026--U.S. Physical Therapy, Inc. ("USPH") (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced a 10-year strategic alliance between its subsidiary partner, Metro Physical & Aquatic Therapy ("Metro Physical Therapy"), and NYU Langone Health, one of the nation’s top-ranked academic medical centers ("NYU Langone"). NYU Langone and Metro Physical Therapy will work together in Long
U.S. Bank Business Shield™ Visa® Card Offers Intro 0% APR for up to 18 Billing Cycles
New business credit card offers rewards and access to Spend Management platform to monitor, track, and control spending U.S. Bank, a leading provider of payment services and solutions, today announced a new business credit card designed to help small business owners navigate fluctuations in finances and resources: the U.S. Bank Business Shield™ Visa® Card . The U.S. Bank Business Shield™ Visa® Card offers small business owners a new solution for navigating expected and unexpected expenses. This new business credit card offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles when applying at any U.S. Bank branch and 12 billing cycles when applying in digital channels – all with no annual fee. Plus, cardholders can enjoy a suite of benefits to help navigate the foreseen - and the unforeseen - needs of their small business. “The Business Shield Visa card is designed to help business owners navigate the unpredictable financial and resource challenges that
AT&T Completes Acquisition of Lumen’s Mass Markets Fiber Business
Deal extends AT&T’s industry-leading, award-winning fiber home internet service to 32 states, bringing millions of Americans the simple, seamless and trusted experience they can depend on, with the best Internet technology available today.
Social media broke political discourse. Civil service could repair it.
It should not come as a shock that American politics has become hostile, volatile, tribal, and polarized. These are all symptoms of overuse of technology that indulges and force-feeds our worst assumptions about each other.
K2 International Expands Financial Lines Capabilities with Acquisition of Rising Edge’s Management Liability Business
LONDON, February 02, 2026--K2 Insurance Services announces today the acquisition of Rising Edge’s Management Liability Underwriting business. This team will form a new division, rebranded K2 Executive Risk Limited, as part of K2 Group Holdings Limited (K2 International).
HHS Secy. Kennedy, Dr. Oz & Others Announce New Mental Health Initiative
Health and Human Services Secretary Robert F. Kennedy Jr., Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz, and others announce "Action for Progress," an initiative addressing mental health and addiction.
UVA student business-owners take on icy parking lots
Seeing the need for snow and ice removal services, UVA student business-owners took up the task.
St. Peter’s Health Partners Medical Associates Welcomes Dr. Olufemi Akinyede
St. Peter's Health Partners Medical Associates is pleased to welcome Olufemi Akinyede, MD, to St. Peter’s Family Medicine in Latham. An experienced family medicine physician, Dr. Akinyede, provides comprehensive primary care and family health services to individuals across all stages of life.
Lake Shore Bank awards Small Business Recovery grant to WMH
WESTFIELD – Lake Shore Bank has awarded a $5,000 grant to the Westfield Memorial Hospital Foundation through the Federal Home Loan Bank of New York Small Business Recovery Grant Program, an initiative designed to support local organizations and economic resilience. The grant will help fund vital equipment, services and resources that benefit patients, families and…
Delaware basketball teams support mental health services in the 'SL24 Basketball Classic'
To honor the life and legacy of Sean Locke, Delaware basketball teams participated in a fundraising tournament.
Community health fair offers free screenings, honors Jackie Robinson
Dozens of families gathered at the Lincoln Neighborhood Service Center for a community health fair hosted by the Bethel AME Church Health Is Life Ministry.
IN PHOTOS: Adaptive winter sports for veterans
Armed services veterans spent a week conquering challenges at Mount Sunapee.
NOCO Healthcare’s Greeley Primary Care Redefines Community-Focused Medicine
Women-Owned, Locally Operated Practice Earns Over 330 Five-Star Reviews While Expanding Patient-Centered Services NOCO Healthcare’s Greeley Primary Care Redefines Community-Focused Medicine Women-Owned, Locally Operated Practice Earns Over 330 Five-Star Reviews While Expanding Patient-Centered Services Greeley, CO , Jan. 31, 2026 (GLOBE NEWSWIRE) -- NOCO Healthcare is reshaping how patients experience medical care in Northern Colorado through its fast-growing Greeley Primary Care practice, known
Ohio politicians propose increase in penalty for disrupting religious services
This is in response to a recent anti-immigration enforcement protest that disrupted a service at a Minnesota church.
What’s open and closed in this government shutdown
If you're watching this, the government is shut down. Reporter Jacob Bogage breaks down what services are open and closed during the shutdown.
Australian Open: Elena Rybakina defeats world No 1 Aryna Sabalenka to win maiden title in Melbourne
Elena Rybakina outhits world No 1 Aryna Sabalenka to win her maiden Australian Open; Watch the ATP and WTA Tours live on Sky Sports Tennis and Sky Sports+, streaming service NOW and the Sky Sports app
WMG’s Paul Robinson Accepts Entertainment Law Initiative Award: ‘Absolutely Thrilled’
WMG general counsel Paul Robinson received the Recording Academy’s 2026 Entertainment Law Initiative (ELI) Service Award. Here's a recap of the event.
‘Innovating weather science’: Met Office launches new two-week forecast
Weather service research finds less accurate probability-based predictions are still considered helpful
'Shocking and disappointing': Nonprofit spars with Oakland health network as services absorbed
Oakland County's public health network and a nonprofit that provides identical services accused each other of acting in bad faith as the network absorbed part of the nonprofit's services.
Australian Open: Novak Djokovic dethrones Jannik Sinner in five-set classic to set up final with Carlos Alcaraz
Novak Djokovic rolls back the years to reach his first Grand Slam final since Wimbledon in 2024, dethroning Jannik Sinner to set up a meeting with Carlos Alcaraz; watch the ATP and WTA Tours live on Sky Sports Tennis and Sky Sports+, streaming service NOW and the app
Pace(R) Earns Environmental Business Journal Award for Adding Respirable Crystalline Silica Testing
Company awarded Business Achievement Award for New Practice in 2025 MINNEAPOLIS, MINNESOTA / ACCESS Newswire / January 30, 2026 / Pace® Analytical Services, the preferred provider of regulatory testing and analytical laboratory services, and a Division ...
Local Small Business Owner Opens Pak Mail Inside of His Existing Accounting Business in Springville, Alabama--Offering Shipping and Office Services
Annex Brands, Inc., one of the leading franchisors in the packing, shipping and office services industries, is excited to announce the opening of its newest Pak Mail location inside of Chapman Accounting Solutions in Springville, AL to new owner, Edward Chapman. This new Pak Mail is set to offer a wide range of essential shipping and office services to the local community, making it easier to provide more service to more people in more places.
Fintech lender SoFi profit jumps on strong growth in fee‑based businesses
Consumers are shifting high-cost credit-card balances to fintech lenders to take advantage of low-interest personal loans. SoFi's financial services business, which includes credit card and investing products, saw revenue surge 78% in the quarter ended December 31 to $456.7 million. Fee-based businesses help insulate fintechs from interest-rate swings.
‘Heated Rivalry’ can single-handedly save the entertainment industry
Ever since COVID and the rise of streaming services, the entertainment industry has been in a slump.
Eugene business owners grapple with decision to open or close for Friday’s general strike
The general strike protesting federal law enforcement crackdowns leave business owners contemplating what action is best: close in solidarity or stay open to be of service.
Winter weather hits local businesses hard as snow forces closures
Local business owners are grappling with the financial strain of consecutive winter weather weekends, with closures significantly impacting service industry employees and small retailers.
Kennedy Overhauls Federal Autism Panel in His Own Image
The new panel, which advises the government on research and service priorities for people with autism, includes many members who have argued that vaccines cause the disorder.
More than 80 Maine businesses will be closed Friday as part of ICE protest
Dozens of Portland area businesses have signed on to close for the day as part of what's being called a service industry strike, which is happening nationwide.
Three months after Hurricane Melissa: PAHO continues supporting health system recovery across the Caribbean
Washington, DC, 28 January 2026 (PAHO)- Ninety days after Hurricane Melissa swept across parts of the Caribbean, countries are transitioning from emergency response toward recovery—while continuing to confront public health risks linked to damaged infrastructure, disrupted services, and heightened vulnerability to disease. The Category 5 storm made landfall first in Jamaica on 28 October 2025, causing widespread damage in several Caribbean nations, mainly across Jamaica, Cuba and Haiti, and placing sustained pressure on national health systems.
Science Politics communicates science, tech and policy to a broad audience | School of Foreign Service
Science Politics, a new STIA publication, blends academic rigor with journalistic storytelling to reach scholars, policymakers and the general public.
Science Politics communicates science, tech and policy to a broad audience | School of Foreign Service
Science Politics, a new STIA publication, blends academic rigor with journalistic storytelling to reach scholars, policymakers and the general public.
Contractor data breach nay have exposed the protected health info of thousands of Central Oregonians
BEND, Ore. (KTVZ) -- Thousands of Central Oregonians soon will receive letters in the mail to inform them of a data breach at TriZetto Provider Solutions last fall that may have exposed the personal health information of more than 700,000 people around the country. TPS is a third-party contractor that provides insurance-eligibility verification services to
NVIDIA GeForce NOW Is Now Available Natively On Linux In Flatpak Form
Following NVIDIA's announcement back at CES of their GeForce NOW game streaming service coming to Linux as a native desktop application, today's the day.
Spring Health to buy Alma as AI rapidly reshapes mental healthcare market
Spring Health, a company that offers digital mental health care and navigation services, plans to acquire Alma to expand its offerings and tap into the startup's deep roster of health plan partners | Spring Health, a company that offers digital mental health care and navigation services, plans to acquire Alma to expand its offerings and tap into the startup's connections to health plans.
Marsh's fourth-quarter profit rises on strength in insurance business
Insurance broker Marsh reported a rise in fourth-quarter profit on Thursday, helped by robust performance in its risk and insurance services business.
James Perkins named interim executive director of Auxiliary and Business Services
Perkins ’92 will provide functional oversight to Auxiliary and Business Services, leading the unit’s operations that support and enhance campus life for students, faculty and staff, alumni, and visitors.
Popular streaming service is shutting down. Here’s when it will start going offline
Nintendo might have accidentally revealed when the shutdown will be begin.
Premier Radiology Services acquires rival teleradiology group NRad
Backed by private equity investors at Grovecourt Capital Partners, the Florida firm is buying National Radiology Solutions for an undisclosed sum.
Teen Mental Health and School-Based Services in California
About 3 in 10 California teens report serious psychological distress, yet significant gaps exist between the need for mental health care and receipt of services. This report examines teen mental health and access to care across demographic groups and describes how state and district funding have expanded school-based solutions.
Policy Brief: Teen Mental Health and School-Based Services in California
Rates of chronic sadness and suicidal thoughts in teens have been rising in California—and nationwide—since about 2009. Significant gaps exist between the reported need for mental health care and receipt of services. The state has recently invested $8 billion for child and teen mental health, including school-based services.
Brown & Root shifts engineering hub to Metairie
Brown & Root Industrial Services has relocated its engineering and construction operations from Baton Rouge to Three Lakeway Place in Metairie, marking a strategic investment in the Greater Ne… Already an INSIDER? Sign in. Already an INSIDER? Sign in
Pa. county commissioners call for $40M increase to support mental health services
HARRISBURG — County leaders from across Pennsylvania on Wednesday called on legislators and Gov. Josh Shapiro to provide an additional $40 million in funding for county mental health services in
Geauga County’s largest behavioral health provider to merge with Ashtabula agency
Ravenwood Health will merge with Ashtabula County’s Community Counseling Center as longtime CEO Vicki Clark retires, expanding behavioral health services.
Former utility commissioner Tim Echols reflects on Georgia's new power politics
This coverage is made possible through a partnership between WABE and Grist, a nonprofit environmental media organization. The Georgia Public Service Commission has entered a new era. After nearly two […]
KPN Consulting Services Announces Over 20M USD in Business Acquisitions and Launch of Financial Wealth Symposium
CHARLOTTE, NC, UNITED STATES360-Degree Consulting Firm Expands Economic Empowerment Footprint Through Strategic
Davis Webb rumors reveal Raiders' competition for Broncos assistant coach
Denver Broncos passing-game coordinator and quarterbacks coach Davis Webb has drawn a lot of interest this offseason and the Las Vegas Raiders have some competition for his services.
Night Owls Have Worse Heart Health, Study Finds
By Dennis Thompson HealthDay ReporterWEDNESDAY, Jan. 28, 2026 (HealthDay News) — Do you prefer to stay up late, living it up through the night while everyone else is snoozing away? You might be doing your heart health a disservice, a new study says. Middle-aged and older night owls appear to have ...
New Jacksonville health center to bring expanded services, welcome patients regardless of insurance
A Jacksonville health center is expanding its reach to treat more people, especially those who do not have insurance.
Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs
In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash
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