Britain’s Prime Minister Rishi Sunak announced Wednesday that he is delaying by five years a ban on new gas and diesel cars that had been due to take effect in 2030, watering down climate goals that he said imposed “unacceptable costs” on ordinary people. The move angered green groups, opposition politicians and large chunks of…
Is it time for your household to rein in its spending? The Washington Post reported that American consumers are increasingly falling behind on car loan and credit card payments, a “troubling signal of consumer stress” that is “most acute for lower-income earners” who mostly spent down the stimulus money they socked away during the pandemic.…
Welcome to The Check-In, our weekend feature focusing on all things travel. Travel advisor shares insights into planning an unforgettable honeymoon The wedding date is set, the venue is reserved, the dress has been bought, and now it’s time for the really fun part: planning the honeymoon. When couples approach Tracy Effron, a Miami-based travel…
Italy’s Mount Etna, one of the world’s most active volcanoes, has blown its top again. The mid-August eruption, the latest in a long line of rumblings from the Sicilian mountain, soon “evolved into a ‘lava fountain’” that produced a “volcanic cloud dispersed in a southerly direction” and forced the temporary closure of a local airport,…
The smartest insight and analysis, from all perspectives, rounded up from around the web: If you want to see everything wrong with the U.S. housing market, just head to Southern California, said Alena Botros in Fortune. It’s no secret that housing in Los Angeles is expensive; the average value of a single-family home there is…
The disparity in the United States between those who have money and those who don’t is continuing to rise. In the first quarter of 2023, “69% of the total wealth in the United States was owned by the top 10% of earners,” according to Statista, while the “lowest 50% of earners only owned 2.4% of…
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
WASHINGTON — President Joe Biden touted the jobs report released Friday that showed employment growth in August, saying that the U.S. was in one of “the strongest job creating periods in our history.” The Bureau of Labor Statistics report said the economy added 187,000 jobs last month, up from an increase of 157,000 jobs in July.…
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…