Opinion polls have for months suggested most Japanese oppose holding the Olympics. Some medical experts warn the event could lead to coronavirus clusters or spread new variants. But with only a month to go until the Olympic cauldron is lit in Tokyo, organizers remain confident they can safely hold the Games, thanks in part to […]
Summary List Placement Houses are selling quicker than ever before in the US, according to a report by real-estate site Zillow. Newly listed homes nationwide typically took six days to go under contract in May, which was one day shorter than in April, according to the report. Homes in Cincinnati, Kansas City, and Columbus typically […]
Around a third of Japanese now back holding the Olympics, up from just 14 percent last month, a new poll showed Monday, though a majority still prefer cancellation or postponement because of the pandemic. The poll reinforces other recent surveys that suggest opposition to Tokyo 2020 is softening slightly, just over a month before the […]
From a significant disappointment earlier in the month, Jon Rahm of Spain told himself that something good would come from that. It sure didn’t take long for that to unfold for one of the world’s emerging golf stars. Rahm shot 4-under-par 67 in the final round of the U.S. Open to cap a remarkable turnaround from two weeks […]
A Russian-Estonian film ‘Minsk’ looks at the Belarus government’s crackdown on protesters in August 2020. The movie – all 90 minutes of it – was filmed in one shot and will be released in time for the one-year anniversary of the brutal events. Iryna Solomko has the story, narrated by Anna Rice. Camera: Iryna Solomko details ⇒ BusinessMediaguide.Com portal received […]
Weightlifter Laurel Hubbard will become the first transgender athlete to compete at the Olympics after being selected by New Zealand for the women’s event at the Tokyo Games, a decision set to test the ideal of fair competition in sport. Hubbard will compete in the super-heavyweight 87-kg category, her selection made possible by updated qualifying […]
Summary List Placement Vermont Sen. Bernie Sanders said Sunday that he believes the contents of a bipartisan infrastructure bill are “mostly good,” but said he has concerns over how lawmakers may decide to fund it. Sanders, an Independent, made the comments during an appearance on NBC’s “Meet the Press.” “What is in the bipartisan bill […]
Summary List Placement Wilbur Ross, the commerce secretary under former President Donald Trump, raked in at least $53 million from private companies while working in the administration and earning a taxpayer-funded salary, according to a Huffington Post report. While leading the Department of Commerce, Ross reported making a minimum of $53 million to $127 million […]
Summary List Placement This Father’s Day, there’s a crucial message about gender equality and economics that should be blasted across the country: To recover from the “she-cession” — the recession that has disproportionately hurt women — one of the steps businesses need to take is to treat men as equal caregivers. Amid devastating job losses […]
Summary List Placement US News and World Report ranks New York University (NYU) School of Law sixth in the nation in terms of best law programs. While not an Ivy nor the best school in its region, admissions consultant and former LSAT instructor Joseph Vijay Ingam, who’s helped students get into NYU, Harvard, Stanford, Columbia, […]
Summary List Placement The American Dream has long paired ideals — opportunity, liberty, and equality — with some material items. A TV. A white picket fence. A yard. Material prosperity has been part of the equation ever since the US emerged as an economic superpower after World War II in 1945. When rations and restrictions […]
Summary List Placement Tiina Lee, CEO of Deutsche Bank UK and Ireland, wants investment banking graduates to be in the office five days a week, even as the company adopts a hybrid-working model. “My personal view in terms of grads and interns is that they should want to spend as much time in the office […]
Odicci Alexander became an overnight sensation at the Women’s College World Series. James Madison’s dynamic, endearingly humble pitcher was well-known among die-hard softball fans, but she introduced herself to a national audience by throwing a complete game to help her unseeded squad stun tournament favorite Oklahoma in the opening game earlier this month. She threw […]
Summary List Placement California is facing its worst drought in over four years. Over 37 million people have already been impacted by the “megadrought” and nearly 95% of the state has been classified as experiencing “Severe Drought,” which puts the land in significant danger of wildfires, according to the National Integrated Drought Information System (NIDIS). […]
Summary List Placement Last week, the “New York Times” ran a story about a small menu price increase at a fast-casual food chain. Written by Julie Creswell, the piece began, “Executives at Chipotle said on Tuesday that the fast-food chain had raised menu prices by about 4% to cover the cost of the increased employee […]
Summary List Placement High-earning millennials are feeling broke. Sixty percent of millennials raking in over $100,000 a year say they’re living paycheck to paycheck, according to a new survey by PYMNTS and lending company LendingClub which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that the more than half (54%) Americans […]
Summary List Placement Partisan politics, Congress’ legislative language, and interest group lobbying are about to turn America’s 160 million workers into guinea pigs. We’re all about to be part of a huge study on whether unemployment insurance keeps people out of the labor market. The biggest variable in this 50-state experiment is the new unemployment […]
Summary List Placement You could be the most qualified candidate in a sea of business-school hopefuls — but if you flub critical parts of your application, you’ll most likely get tossed to the side. There are several predictable mistakes candidates make when applying to MBA programs. Kellogg School of Management‘s senior admissions director Renee Cherubin and […]
Every year, Hollywood inevitably comes under criticism for its lack of racial diversity. But another lesser-known yet still pervasive problem also resurfaces: the lack of diversity in skin tone. It happened again with “In the Heights,” a big-budget film based on the musical created by Lin-Manuel Miranda, which was called out this week for its […]
Summary List Placement Colorado passed a law that required employers tell prospective employees how much a job pays — and six months later companies are rejecting applicants from the state altogether. Johnson & Johnson, McKesson, CBRE Group, and Cardinal Health recently posted job listings seeking workers in every US location “except Colorado,” The Wall Street […]
The housing market is no stranger to supply constraints. A toxic combination of wildly inflated lumber prices, a lack of new and existing homes, and the sheer number of borrowers willing to pay tens of thousands of dollars over ask on homes they’ve never seen in person, has created a pandemic-driven problem that the industry […]
This article first appeared in the June 18th newsletter Lending Life. Sign up here to receive each weekday. On Thursday, President Joe Biden signed a bill into law, declaring June 19th, or Juneteenth, a federal holiday. Biden’s order commemorates the date the last enslaved African-Americans were informed that they were free. Wonderful news, right? Wrong. […]
For Jason Vanslette, a lawyer who specializes in foreclosure litigation, everything came to a screeching halt on March 27, 2020. President Donald Trump had just signed the CARES Act into law, and with it, a moratorium on foreclosures and evictions had locked into place. Vanslette, a partner at Kelley Kronenberg in Fort Lauderdale, said a […]
Summary List Placement At the time ocean shipping took over the world, America gave up on the shipping industry. In 1960, when the world moved 1.2 million tons of goods via ship, the American fleet comprised 16% of the world’s total cargo shipping power. By 2019, global trade shot up to 10.7 million tons — but […]
Summary List Placement The number of job openings in the US reached a record high of 9.3 million in April. Meanwhile, the unemployment rate remained elevated at 5.8%, according to data from the US Bureau of Labor Statistics. The disconnect between these two figures has been the source of debate for many economists and market […]
Summary List Placement Abigail Disney knows what lurks in the minds of the wealthy. She’s one of them, after all. The heiress and outspoken wealth-tax advocate penned an essay in The Atlantic about the staggeringly low tax rates that a ProPublica expose revealed many billionaires have been paying. She said it reveals a mindset at […]
More than 50 walls, over 27,000 square meters of wall space, dozens of artists and tons of paint. It’s all part of the Jersey City Mural Festival in the US state of New Jersey. Maxim Avloshenko has the story, narrated by Anna Rice. Camera: Maxim Avloshenko details ⇒ BusinessMediaguide.Com portal received this content from this […]
Naomi Osaka and Rafael Nadal are sitting out Wimbledon, leaving the oldest Grand Slam tennis tournament without two of the sport’s biggest stars as it returns after being canceled last year because of the coronavirus pandemic. Osaka’s agent, Stuart Duguid, wrote Thursday in an email that the four-time Grand Slam champion does plan to head […]
Summary List Placement What a whirlwind 2021 has been — and we’re only halfway through. Although only six months in, 2021 has already been an exciting, challenging, and hopeful year for so many. If you’re looking to pass the time as you restart your commute, seeking an escape from reality, or eager to learn, […]
Summary List Placement True crime — nonfiction accounts of real crimes — is a quickly growing genre in nearly all forms of media, from podcasts to documentaries. Nonfiction true crime books in particular often offer more details that not only give readers information about notable crimes but can garner greater empathy for victims, shed […]
Table of Contents: Masthead StickySummary List Placement If you’re looking to advance your career and need further education to do it, you’ve probably run into Harvard Extension School. It offers a wide range of graduate programs and certificates in such subjects as sustainability, creative writing, and back-end web development. Like Harvard Divinity School, HES is […]
Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ― the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. Compared to May of last year, MBA’s Builder Application Survey (BAS) revealed purchases are down 5.9%. On a […]
Summary List Placement Lumber prices are so high they’ve created an entire black market. US lumber prices are currently more than double last year’s, after they hit a record high last month. Jim Yarbough, a supply-chain expert from British Standards Institution, told Bloomberg the soaring prices have created a massive opportunity for an underground lumber […]
Summary List Placement Sen. Bernie Sanders, chair of the Senate Budget Committee, drafted a $6 trillion infrastructure package that Senate Democrats are considering approving without GOP support, per two people familiar with the matter. The sources, who described it as an early blueprint, were granted anonymity because they weren’t authorized to speak publicly. The figure […]
The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%. “Mortgage rates continued to drift down as markets concur with […]
Summary List Placement Food prices are surging in grocery stores as well as on restaurant menus. Last week, Chipotle hiked prices for menu items by about 4%, as the cost of labor and ingredients continues to rise amidst a spike in demand. Red Robin and Cracker Barrel have also increased prices by about 3%, The […]
Summary List Placement Filings for unemployment insurance increased last week, indicating new snags in the labor market’s recovery. Weekly jobless claims came in at an unadjusted 412,000 last week, according to the Labor Department. The median estimate from economists surveyed by Bloomberg was for 370,000 claims. The reading snaps six straight weeks of declines that […]
Spain’s Rafael Nadal will not play at Wimbledon or at the Tokyo Olympics, saying Thursday he has decided to skip the two tournaments after “listening” to his body. Nadal, who reached the French Open semifinals this month but lost to Novak Djokovic, won the title at Wimbledon twice. He also won the Olympic gold medal […]
Summary List Placement Democrats are weighing tucking immigration reform into a large infrastructure package using reconciliation this summer, a step that could significantly expand the scope of a Democratic-only package. Sen. Tim Kaine of Virginia said that Democrats were interested in fully financing Biden’s $4 trillion infrastructure plans instead of deficit-spending, meaning the cost of […]
Summary List Placement A group of ten Republican and ten Democratic Senators announced on Wednesday that they supported a bipartisan proposal for the infrastructure spending package. Sens. Richard Burr, Bill Cassidy, Susan Collins, Chris Coons, Lindsey Graham, Maggie Hassan, John Hickenlooper, Mark Kelly, Angus King, Joe Manchin, Lisa Murkowski, Rob Portman, Mitt Romney, Mike Rounds, […]
Another month of steadily increasing home prices and insatiable demand led Fannie Mae‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. While the housing research group believes current inflation acceleration could be considered transitory, price […]
Today, U.S. Education Secretary Miguel Cardona held a virtual roundtable conversation with a diverse group of early childhood stakeholders and leaders who bring perspective from the experiences of early educators, families, and communities during the public health emergency. Today’s conversation will help inform the Department’s early learning priorities. Topics that the early childhood stakeholders discussed included the early educator workforce, childcare and pre-K, early intervention and early childhood special education […]
Summary List Placement Dynastic wealth is growing — and it’s growing faster than the average American family’s wealth. Ten times faster, to be exact. That’s according to a new report from the left-leaning Institute for Policy Studies titled “Silver Spoon Oligarchs,” which examined the growing concentration of wealth in the US. It found that America’s […]
Summary List Placement Republicans are holding strong on their opposition to President Joe Biden’s proposed spending to aggressively combat climate change, along with social investments already on the table. They have long resisted expanding the definition of infrastructure beyond physical items like roads, bridges, and highways. An emerging $1 trillion infrastructure framework that’s being drafted […]
Summary List Placement As one of his first actions in office, President Joe Biden extended the pause on student-loan payments through September to give borrowers financial relief during the pandemic. Education Secretary Miguel Cardona on Wednesday hinted at the possibility of extending the pause even further. “We are continuing conversations about if that’s the best […]