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☆ Meet the doomsayers waiting for the economy to crash
▼ + stars: | 2024-05-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."

Persons: —, Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida

☆ A new crop of startups wants to help solve loneliness among millennials and Gen Z. Here's how they're connecting strangers and making money.
▼ + stars: | 2024-05-10 | by ( Lauren Johnson | Sydney Bradley | ) www.businessinsider.com time to read: +10 min

Plus, the pandemic and the shift to working from home have made millennials and Gen Z lonelier than ever, thanks in part to doomscrolling. "I believe the conventional 'make friends' apps too closely mimic the dating model, which can feel awkward and high-pressure for making friends," he said. The group hosts "reading parties" at bars and event spaces with the goal of helping people connect through reading. Dinner With Friends, a group that throws dinner parties, has worked on sponsored events with brands like Bumble and Geneva. Dinner With Friends founder Anita Michaud said brands typically either sponsor entire dinners or provide products — like canned cocktails — for the dinner parties.

Persons: —, they've, Danial Hashemi, Sydney, Z, millennials, Cliff Lerner, Lisa Oreshkina, Saneblidze, Tom Worchester, Andreessen Horowitz, Victor Pontis, Luma, Liz Chick, Gen, Mira Hobbs, ReCreate's Chick, Anita Michaud, Peter Boyce II, Boyce, Maitree Mervana Parekh, Marlon Nichols, they're, it's, Ben Bradbury Organizations: Service, Business, Sydney Bradley, Big Tech, Tech, Timeleft, Reading, Facebook, VC, Wine, Bumble, New, Acrew, MaC Venture, Reading Rhythms Locations: New York City, Los Angeles, New York, Brooklyn, Squarespace, Lisbon, Amsterdam, London, San Francisco, Geneva

☆ Could your buy now, pay later loans affect your credit score? Here's what you need to know
▼ + stars: | 2024-05-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

But there's one place they're notable absent: your credit report. Earlier this year, Apple became the first major BNPL provider to start reporting all user account information to a credit reporting agency. Providers including AfterPay, Affirm and Klarna already report some loans to the credit bureaus and experts say more are likely to follow, paving the way for a consumer's BNPL history to factor into their credit history and ultimately their credit score. (One of the main aspects of a credit score comes down to your history of paying bills on time.) When BNPL credit reporting could sting

Persons: Klarna, Liz Pagel, BNPL, Wells, Tim Quinlan, Ethan Dornhelm, TransUnion's, Silvio Tavares, Tavares, Pagel Organizations: Apple, Adobe Analytics, CNBC, Finance Locations: TransUnion, Wells Fargo

☆ The Doom vs. Optimism Debate
▼ + stars: | 2024-05-09 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

Depending on how you look at it, the climate story is one that can inspire genuine optimism or a fair bit of doomerism. And the more hopeful, technocratic outlook that, while the challenges are real, the solutions are within reach. It’s a disorienting dynamic that we grapple with as reporters covering climate change. Sometimes that means staring down hard facts about the mess we’ve made, and sometimes that means highlighting the real progress that is underway. Yes, planet-warming emissions are still on the rise, and the effects of climate change are growing worse.

☆ Sam Altman doesn't think we are worried enough about how AI will impact the economy
▼ + stars: | 2024-05-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

OpenAI CEO Sam Altman says AI's impact on the economy should be a top of mind concern. Research suggests AI has the potential to affect millions of jobs and lead to lower wages. But when OpenAI CEO Sam Altman was asked for his thoughts on how the spread of AI-generated misinformation may affect elections, the tech leader appeared to be more concerned about another issue: AI's impact on the economy. An International Monetary Fund study from earlier this year found that AI may impact roughly 60% of jobs in "advanced economies." But Altman said he is still worried about AI's potential on the labor market.

Persons: Sam Altman, —, Altman, that's, they've Organizations: Service, Business, International Monetary Fund, IMF, McKinsey, CNBC

☆ Opinion | Young Voters Aren’t Happy With Biden. But Will They Abandon Him?
▼ + stars: | 2024-05-08 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

Are many young people distressed about the war in Gaza? Of the 16 issues the poll asked 18- to 29-year-olds about, those two were ranked last in importance, behind issues such as inflation, immigration, housing and protecting democracy. Indeed, as The Gazette noted, when it comes to the relationship between Biden and young voters, “It’s complicated.”People watching student protests spread across college campuses in recent weeks might be surprised by that notion, but it’s important to remember that reactions to the protests can work in different ways. I believe in students’ right to protest — peacefully — even as I acknowledge that protests are often imperfect, and the actions of some who protest are regrettable. I also understand that protesting students are only a fraction of all students, and students are only a fraction of all young voters.

Persons: Biden’s, Biden, “, — Organizations: Harvard, Harvard Gazette, Gazette Locations: Gaza, Israel

☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ Red Lobster brought seafood to the masses. Now it’s on the verge of bankruptcy
▼ + stars: | 2024-05-03 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +11 min

While it was a delicious deal for customers, it was terrible for the company: Red Lobster lost $3.3 million in seven weeks. The deal was once again too popular, and Red Lobster was unprepared for its customers’ insatiable lust for discounted shellfish. Red Lobster is now reportedly considering filing for bankruptcy protection to restructure its debt and shed some of its 650 US locations. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden. In 2021 and 2022, Red Lobster brought on a new CEO, chief marketing officer, chief financial officer and chief information officer.

Persons: Lobster, “, ”, John Gordon, Michael Nagle, Alex Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Glen Martin, Mills, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Justin Sullivan, they’ve, Les Foreman, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Lobster, Thai Union, Bloomberg, Getty, Red Lobster, CNN, Cornell University, Baby Boomers, General, Howard, Restaurant Business, Darden, Denver Post, Harvard Business School, Longhorn, Darden Restaurants, Gate, ‘, Thai, “, ” Thai Locations: New York, United States, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Sale, Thai Union, Thailand

☆ Biden cannot afford a boiling summer of protest
▼ + stars: | 2024-05-02 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —President Joe Biden can ill afford a long, hot summer of protest that comes to a boil in time for the Democratic National Convention in August and then bleeds into the final weeks of an already venomous clash with Donald Trump. The nationwide campus protests are not as pervasive as mass civil rights and anti-Vietnam War protests that raged in the 1960s and 1970s. This has been especially testing for Biden — a staunch supporter of Israel dating back to 1970s Prime Minister Golda Meir. More than 3 million Americans served in Southeast Asia during the Vietnam War. This may also help explain why Biden had not addressed the campus protests in detail before Thursday.

Persons: Joe Biden, Donald Trump, Biden, “, ” Biden, ”, Trump’s, Trump, James Traub, Hubert Humphrey, Biden “, ” Traub, Isa Soares, Traub, He’s, Mary McGrory, that’s, Biden’s, afer, Biden —, Golda Meir, he’d, Benjamin Netanyahu’s, Sen, Bernie Sanders, Lyndon Johnson, LBJ, …, CNN’s Christiane Amanpour, ” Sanders, can’t, Netanyahu, shelve, Sanders Organizations: CNN, Democratic National Convention, White, Foreign, Democratic, CNN International, Republicans, Trump, Electoral, Gaza Health Ministry, American, National Guard Locations: Gaza, Vietnam, America, Israel, Vermont, Gazan, Rafah, Southeast Asia

☆ Here's why Americans having fewer kids won't doom the economy
▼ + stars: | 2024-05-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

America's falling population isn't necessarily bad for the economy, Fisher Investments said. The US birth rate just fell to its lowest level in over 40 years, according to provisional CDC data. AdvertisementAmericans aren't having nearly as many kids as they used to, but that won't be the blow to the US economy that many have feared, according to Fisher Investments. Related storiesBut fewer babies being born isn't necessarily a bad thing for the economy, the firm said. "Yes, falling birth rates could have negative long-run ramifications if a true reduction in human capital and other factors don't offset this.

Persons: —, Goldman Sachs, Fisher, Ken Fisher Organizations: Fisher Investments, Service, Centers for Disease, Bank

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ Red Lobster Isn't Nearing Bankruptcy Because of Endless Shrimp
▼ + stars: | 2024-05-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."

Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

☆ Detroit's 'doom loop' was unlike any other American city. Its downtown is now a model for urban reinvention.
▼ + stars: | 2024-04-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

But the city's downtown has one of the most stunning urban reinvention stories in the United States. Downtown Detroit recently hosted the NFL Draft to rave reviews and even broke an attendance record. AdvertisementLast week, more than 775,000 football fans converged in downtown Detroit for three days as the city hosted the NFL Draft. NFL fans near the draft stage at Campus Martius Park in downtown Detroit on April 27, 2024. Downtown Detroit has an abundance of towering, historic buildings that are perfect for office-to-housing conversions and office renovations that have taken hold in downtowns across the country.

Persons: —, Ryan Kang, Spencer Platt, Gen Zs, it's, Dan Gilbert Organizations: Downtown, NFL, Service, Detroit, Nashville, Martius, Renaissance, Miami, General Motors, Getty, Rocket Mortgage, Quicken, GM, Renaissance Center Locations: Detroit, United States, Downtown Detroit, Hudson's Detroit, downtowns

☆ Neil Gaiman doesn't particularly care about creating a 'Sandman' universe at Netflix, but he's 'amused' at how 'Dead Boy Detectives' wound up there
▼ + stars: | 2024-04-26 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

"Dead Boy Detectives" follows two deceased boys solving supernatural incidents in the mortal realm. Creator Neil Gaiman said he has no particular interest in creating a larger 'Sandman' universe. Kirby Howell-Baptiste as Death in "Dead Boy Detectives." NetflixNetflix did want it, on the condition that it would have to tie into the "Sandman" universe, Gaiman said. Advertisement"The Sandman" and "Dead Boy Detectives" technically aren't the only series that live under the "Sandman" umbrella.

Persons: HBO Max, Neil Gaiman, —, Neil Gaiman's, Steve Yockey, George Rexstrew, Jayden Revri, Edwin Paine, Charles Rowland, Death, Max, Gaiman, I'm, Kirby Howell, Baptiste, Fox, he's Organizations: HBO, Netflix, Service, DC, Warner Bros, Hollywood, Netflix Netflix Locations: New York

☆ My teenage daughter and I went on vacation just the two of us. It helped us better connect.
▼ + stars: | 2024-04-24 | by ( Amy Bizzarri | ) www.businessinsider.com time to read: +5 min

Read previewWhen I reflect on my teenage years, I remember the peer pressure, the pimples, and the sting of social awkwardness. Now, as a parent to a teenage girl, I often worry she feels the same way. I wonder if she feels like we can't connect and that I couldn't possibly relate to what she's going through. Before the trip, I asked my daughter what she thinks is appropriate phone usage while on a family vacation and we set guidelines together. It helped us better connect as mother and daughter.

Persons: —, she's, Here's, Hollywood Roosevelt Organizations: Service, Business, Sony Pictures Studios, Grauman, Hollywood, Hollywood Museum, Universal Studios Hollywood, Sony Pictures Locations: Los Angeles, Tom Sawyer's

☆ Opinion | Ukraine Aid in the Light of History
▼ + stars: | 2024-04-23 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

On Saturday the House of Representatives finally overcame MAGA opposition and approved a new aid package for Ukraine. I’m relieved that a nation under siege will probably — probably — get aid in time to survive, at least for a while, something that was increasingly in doubt given overwhelming Russian artillery superiority. And I’m worried because that faction remains powerful — a majority of Republicans in the House voted against Ukraine aid — and could still doom Ukraine in the years ahead. No, spending on Ukraine isn’t a huge burden on America, coming at the expense of domestic priorities. No, America isn’t bearing this cost alone, without help from our European allies.

Persons: MAGA, Biden, I’m, Vladimir Putin, —, Franklin Organizations: Republicans, Lease Locations: Ukraine, America, U.S, Europe, Britain, China, Harbor

☆ The scourge of customer satisfaction surveys
▼ + stars: | 2024-04-22 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

— is devoted to customer surveys. Other metrics followed: the Customer Satisfaction Score, the Customer Effort Score, measurements of the entire Customer Experience. At the peak of the so-called sharing economy, customer surveys were all-powerful. The glut of customer surveys has created an additional problem for marketers. "We ask for customer feedback on these things all the time, but it's hard for a customer to give you immediate feedback, because a customer doesn't know what quality is yet."

Persons: you've, I'm, They're, Brad Anderson, Fred Reichheld, Nick Lee, James Wagner, It's, Christine Moorman, Lee, That's, it's, hasn't, Anderson Organizations: NPS, Warwick Business School, University of Michigan's Institute for Social Research, Companies, Duke University, Institutional, Board, Health Service Locations: United States, Qualtrics, Bain, Warwick

☆ Climate Doom Is Out. ‘Apocalyptic Optimism’ Is In.
▼ + stars: | 2024-04-21 | by ( Alexis Soloski | ) www.nytimes.com time to read: +2 min

The philanthropist Kathryn Murdoch has prioritized donations to environmental causes for more than a decade. She has, she said, a deep understanding of how inhospitable the planet will become if climate change is not addressed. An episode might include a visit to a floating village or a conversation about artificial intelligence with the musician Grimes. “There’s room for screaming,” Wallach said. Climate optimism as opposed to climate fatalism.

Persons: Kathryn Murdoch, ”, Murdoch, Ari Wallach, —, Wallach, Grimes, ” Wallach, Hannah Ritchie’s “ Organizations: PBS, Amazon Prime

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☆ Moving Away From a Big City Can Seriously Damage Your Career
▼ + stars: | 2024-04-15 | by ( Aki Ito | ) www.businessinsider.com time to read: +8 min

Moving away from a major city, Moretti found, can be terrible for your career. The market for WFH jobs has cratered, putting everyone who moved away from big cities at risk. Those who moved away from big cities effectively gave up their career insurance. In a big city, you also run into people who work for other companies in your industry — on the bus, at the bar, in line at the deli. "The benefits of being a big city," Moretti tells me, "have been underappreciated" during the pandemic.

Persons: I've, —, We've, Enrico Moretti, Moretti, Des Moines, they'll, they're overqualified, That's, Madison Hoff, Aki Ito Organizations: Franciscan, Census, University of California, Business Locations: New York, Los Angeles, San Francisco, Seattle, America's, Berkeley, Paris, Des, Iowa, California, Sacramento, Bay

☆ CNN’s Bill Weir on raising resilient kids during the climate crises and on choosing whether to have them in the first place
▼ + stars: | 2024-04-15 | by ( David Allan | ) edition.cnn.com time to read: +8 min

CNN —Record-breaking heat, rising sea levels, increasingly extreme weather and more are fueled by the human-made climate crisis. It doesn’t feel like a great time to be raising children, or having them in the first place. When I actually sat down to write this book, we were in a very dark place nationally. Weir: I would say we need all the good help we can get. How do we find that balance in daily conversation with our kids of being honest, but not hopeless?

Persons: Bill Weir, David Allan, I’m, Allan, Weir, we’ve, Young, ”, we’re, John Muir, Rogers Organizations: CNN, Climate, Lancet, Health, Mr Locations: CNN’s, ”, Hope, United States, America

☆ Office Apocalypse, New Expenses Are Wrecking Big Cities' Budgets
▼ + stars: | 2024-04-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Across the country, from Denver and Seattle to Washington, DC, and New York, cities are deciphering whether to slash their budgets. (Most states' fiscal years run from July 1 to June 30.) States and cities are facing pressure from societal issues that will weigh on tax revenue and increase costs for years to come. Aging populations mean a smaller percentage of the population that's of working age, putting downward pressure on tax revenue. But as federal funds have petered out, structural problems have resurfaced.

Persons: Justin Marlowe, Lucy Dadayan, Carol O'Cleireacain, it's, Marlowe, O'Cleireacain, Josh Goodman, Goodman, Liz Farmer, Baltimore's Francis Scott Key, Farmer, Emily Stewart Organizations: Boston, University of Chicago Harris School of Public Policy, Municipal Finance, Pew, Urban, Brookings Tax, Urban Institute, Business Locations: Denver, Seattle, Washington, New York, California , Maryland, Arizona, New York City, New York , New Jersey, Detroit, COVID, States, Maryland, United States

☆ Trump’s first criminal trial is a historic and solemn moment for America
▼ + stars: | 2024-04-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

The United States, unlike democracies that have been historically less stable, is not a nation accustomed to seeing its former heads of state on trial. This is one reason why Trump’s 2024 campaign is running as much through the courtrooms as according to the traditional rhythms of a White House bid. It’s very unfair that I’m having a trial there,” Trump said on Friday, alluding to New York City’s liberal lean. The deteriorating situation could bolster Trump’s claims the world is spinning out of control under his successor’s watch. Merchan has declined efforts by the president’s attorneys to get the trial relocated to a jurisdiction where voters may be more favorable to Trump.

Persons: Donald Trump, Trump, ”, Biden, Attorney Alvin Bragg, Juan Merchan, Judge Arthur Engoron, Joe Biden, “, that’s, Robert Hirschhorn, ” Trump, he’s, Nelson Mandela, Alexey Navalny, Bragg, Trump’s, Stormy Daniels, Daniels, ” Bragg, ” Trump’s, …, Norm Eisen, ” Eisen, Alvin Bragg, Jack Smith, Michael Cohen, Merchan, Cohen Organizations: CNN, Republican, Trump, Attorney, Democrat, Conservative Political, Conference, Biden, White House, Prosecutors Locations: United States, Manhattan, New York, Pennsylvania, Israel, Iran

☆ The city whose 'doom loop' just might be worse than San Francisco's
▼ + stars: | 2024-04-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them. The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. Indeed, St. Louis' downtown resembles a ghost town with a number of boarded-up buildings, according to The Wall Street Journal's Konrad Putzier. AdvertisementThe problem with Midwestern cities, like St. Louis, is that there's not much attracting people to the center of the city — and that applies to commuters, tourists, and residents.

Persons: Louis, —, Konrad Putzier, Glenn MacDonald, Business Insider's Eliza Relman, Michael Hicks, BI's Relman, Relman, Tracy Hadden Loh Organizations: Service, T, Goldman Group, News, Washington University, Olin Business School, Business, University of Toronto, Midwest ., Ball State University, Midwest, Brookings Institution Locations: St, Downtown St, Francisco's, North America, Midwest, Midwest . San Francisco, Indiana, —, San Francisco and New York

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