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China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ‘ghost cities‘ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why.
Explore the economic impact of Universal Basic Income (UBI) and traditional welfare programs in this comprehensive article. Discover the advantages and disadvantages of each approach in addressing income inequality, work incentives, and administrative efficiency.
The “Halftime Report” traders give their top picks to watch for the second half.
Small amounts of DNA from the manufacturing process may remain in the mRNA COVID-19 vaccines. Purification and quality control steps ensure any leftover DNA is present within regulatory limits. There isn’t reason to think that this residual DNA would alter a person’s DNA or cause cancer, contrary to claims made online.
Micron, Samsung and SK Hynix are responsible for making 90% of the world’s DRAM memory chips, and Micron is the only one based in the U.S. That’s made it the latest target of bans from China. Yet Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. We also asked Senate Majority Leader Chuck Schumer about Micron ahead of his meeting with Chinese President Xi Jinping.
Some firms sustain their businesses by taking on more debt that they likely could never repay. Economists call them zombie companies. When compared to their peers, zombies are smaller in size and deliver lower returns to investors. These companies distort markets, keeping resources from their fundamentally sound competitors. Banks and governments keep zombie firms alive with bailout loans. As the Fed resets the economy with higher interest rates, many zombie firms are filing for bankruptcy.
Janie Deegan, 35, was homeless and battling addiction a decade ago. Now, she’s 10 years sober and the owner of Janie’s Life-Changing Baked Goods, a bakery that brought in over $1 million in 2022. The bakery is famous for its pie crust cookies, which ships across the U.S. and are available at retail locations in New York City.
Explore the comparative analysis of Universal Basic Income (UBI) and traditional welfare programs in the context of economic security, administrative efficiency, work incentives, poverty reduction, and stigmatization. Discover the advantages and drawbacks of each approach to inform the debate on social safety nets.
Explore the concept of Medicare for All and its potential to provide universal healthcare access. Learn about the benefits, challenges, and the path to a more equitable and accessible healthcare system in the United States.
A video repeating the claim that COVID-19 vaccines are responsible for the sudden onset of various visible ailments — such as fainting and facial paralysis — is making the rounds, again. But, just like the other, similar posts we’ve addressed, there’s no support for this one, either.
The official U.S. poverty rate in 2022 “remained stable compared to 2021,” but an alternative method of measuring poverty “increased significantly, reflecting changes in economic well-being following the end of many pandemic-era programs,” the Census Bureau says in a new report.
While the minimum wage may seem like a logical solution to income inequality, it places an undue burden on small businesses and may not guarantee a living wage. Instead, we need to consider Universal Basic Income (UBI), which provides financial stability for citizens and empowers them to negotiate fair compensation with their employers. UBI also gives citizens something that minimum wage never can – time – to pursue education or start a business.
The idea of reparations for the black community has been a topic of discussion for years. While it is a warranted concept, it is not practical financially or in terms of an implementation strategy. A better solution would be a Universal Basic Income (UBI) as it relatively benefits the poorest communities, which are often dominated by blacks.
Discover the profound societal consequences of poverty in this doctorate-level blog post. Explore its detrimental effects on health, education, crime, and economic productivity, as well as its impact on social cohesion and mental well-being. Learn how addressing poverty is vital for creating a more equitable and prosperous society.
In her speech nominating Rep. Jim Jordan as House speaker, Rep. Elise Stefanik distorted the facts about U.S. energy production and the reasons for higher gasoline prices and utility bills.
Explore the potential of a 4-day workweek in the AI-driven labor market. Discover how this innovative approach can mitigate job losses, enhance productivity, foster reskilling, and promote sustainability. Dive into the blog post for insights into the intersection of AI technologies and work-life balance.
Inhalable or spray versions of mRNA COVID-19 vaccines are still in development and don’t have regulatory approval. Posts online are distorting recent research from Yale University to falsely claim that governments have approved such products to mass vaccinate people without their consent in a plot involving Bill Gates.
Steve Odland, president and CEO of The Conference Board, and CNBC’s Steve Liesman join ‘The Exchange’ to discuss retail sales coming in higher than expected, disparity between consumer sentiment and consumer data, and strong consumer data increasing the probability for a Fed hike in January.
In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that’s mainly driven by Tesla. About two thirds of EVs sold are Elon Musk’s brand. Companies like Ford have ramped up hybrid production as demand has leveled off. While slightly more than half of consumers say EVs are the future and will eventually replace Internal Combustion Engines, less than a third of dealers say so. This all comes at a time when investments in EVs are more than ever. So what’s really going on? Watch the video to learn more.
‘Mad Money’ host Jim Cramer gives his take on where markets can go from here after a hotter-than-expected CPI report.
