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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomists discuss the effects of climate change on the U.S. economyAs the climate crisis continues to pose a global threat, top economists are debating its effects on the U.S. economy. In this episode of "The Bottom Line," see how renowned economists such as Jeffrey Sachs and Mark Zandi forecast the economic impact.

Persons: Jeffrey Sachs, Mark Zandi Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. will remain the world's leading economy for longer than expectedEconomists believe the U.S. could lose its ranking as the world's leading economy in the 21st century, as measured by gross domestic product. But the U.S. is set to extend its run through the 2020s, on the back of slower-than-expected growth trends in China. Investors are now placing fresh bets on emerging markets as the working-age population booms in the Indo-Pacific.

Organizations: Investors Locations: U.S, China

☆ How taxpayers grow the private sector: Mariana Mazzucato
▼ + stars: | 2023-11-16 | by ( Mark Licea | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow taxpayers grow the private sector: Mariana MazzucatoA "citizens' share" would give wealth invested by taxpayers back to the public, says University College London Professor Mariana Mazzucato. In this episode of "The Bottom Line," Mazzucato discusses why risk and failure should be normalized and how AI can be calibrated for positive change.

Persons: Mariana Mazzucato, University College London Professor Mariana Mazzucato, Mazzucato Organizations: University College London Professor

☆ The public sector funded a lot of technological innovation. Economist Mariana Mazzucato says that should be factored into the price consumers pay
▼ + stars: | 2023-11-16 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

Mazzucato spoke with CNBC about how the public, private and third sector can work together to co-create value and share both risks and rewards. "The whole notion of stakeholder value should have become a real kind of call to arms of how do we create value differently," Mazzucato said. "We need to bring communities, workers, public and private institutions together to create value in a more collective, better way." It created growth, it created profits. Mazzucato said success in the private sector often begins with significant contributions from the public, and wealth distribution should reflect those contributions.

Persons: Mariana Mazzucato, Mazzucato, Siri, you've Organizations: University College London, CNBC, GPS, Consulting Industry

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's wrong with U.S. cashThe U.S. hasn't updated physical currency like the rest of the world. Other countries have turned lower denomination bills into coins and paper notes have been converted to polymer. While electronic payments are on the rise in the U.S., physical cash is circulated more than ever. Experts claim that the choice to continue printing paper notes is fueled by special interests but the Federal Reserve says changing currency is costly and complex.

Organizations: U.S, Federal Reserve Locations: U.S

☆ Why the U.S. won't change physical cash
▼ + stars: | 2023-11-07 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

The Federal Reserve will spend $931.4 million to print bills in 2023 — but there's a problem with U.S. cash. Physical currency has been updated around the world but not in the U.S., and while an increasing number of Americans are ditching cash for electronic payments, experts say cash isn't going away. In 2017, the $100 bill surpassed the $1 bill as the most popular currency denomination. Some speculate that the rise in $100 bills in circulation may be to avoid taxes or for illegal activity. … In the 1960s, the half dollar lost its place because it wasn't included in the use of parking meters," said Mudd.

Persons: Aaron Klein, Douglas Mudd, Franklin Noll, Mudd Organizations: Federal Reserve, Brookings Institute, CNBC, American Numismatic Association, Federal Reserve Bank of Kansas City Payments, U.S Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow homeowners associations became so powerfulMore than 80% of newly built single-family homes sold in 2022 belonged to a homeowners association, according to the U.S. Census Bureau. HOAs tout themselves as a value-add to homeowners, specifically when it comes to maintaining high property value, but not everyone is pleased with these organizations. More than half, 57%, of homeowners with an HOA dislike the arrangement, and more than 3 in 10 say they feel their HOA has too much power, according to a 2023 survey from Rocket Mortgage.

Organizations: . Census, Rocket Mortgage

☆ In some states, it's 'nearly impossible' to buy a home that isn't part of a homeowners association, expert says
▼ + stars: | 2023-10-31 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +8 min

These communities are usually overseen by homeowners associations. Homeowners associations, also known as HOAs, are self-governing organizations that implement rules for homeowners and renters within common-interest communities. The board may choose to hire a management company, many of which are for-profit, to help run day-to-day operations. Roughly 84% of newly built, single-family homes sold in 2022 belonged to homeowners associations, according to the U.S. Census Bureau. "But it seemed like [the deal] never got to the management [company] or homeowners association," Enrique Inostroza said.

Persons: Jewel Inostroza, Enrique, Gen Z, it's, Deborah Goonan, Inostroza, Enrique Inostroza, Mark Licea, HOA, Bradley, Tom Skiba, Skiba, Steve Horvath Organizations: Homeowners, Finance, . Census, Communities, CNBC, Management, HOA, Sentry Management, Community Associations Institute, Economics, Rocket Mortgage, HOA United Locations: Newnan , Georgia, HOA, U.S

"The majority of my friends who are single and living alone are stressed about the cost of living," Kaishon Holloway, a single man living in New York City, tells CNBC. On top of being solely responsible for living costs that couples can split, single people are excluded from several financial benefits reserved for married couples. Kaishon Holloway says he and his single friends are stressed about the cost of living. Single people often have to choose between getting a roommate or covering the entire cost of a house or apartment on their own. In some cases, married couples have advantages that simply don't exist for single individuals, such as with income taxes.

Persons: Kaishon Holloway, it's, Juhohn Lee, Mark Licea, Bella DePaulo, Monique Morrissey, that's, Holloway Organizations: Census, CNBC, U.S, Missouri Economic Research, Information, Massachusetts Institute of Technology, Economic Policy, Tax Locations: U.S, New York City, South Carolina, Missouri, New York

☆ Why immigration is a net positive for advanced economies: Nouriel Roubini
▼ + stars: | 2023-10-24 | by ( Lindsey Jacobson | Mark Licea | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy immigration is a net positive for advanced economies: Nouriel RoubiniThe U.S. will continue to benefit from immigration, says New York University Professor Emeritus of Economics and International Business Nouriel Roubini. In this episode of "The Bottom Line," Roubini explains how strict but open immigration policy will increase growth and innovation, why economists think about the singularity and why net zero claims are inaccurate.

Persons: Roubini Organizations: New York University, Economics Locations: U.S

☆ Immigration is a net positive for the U.S. economy, the singularity raises worker concerns and net zero claims are falling short: Nouriel Roubini
▼ + stars: | 2023-10-24 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

"Many people are against immigration because they fear that it's going to lead to job losses or income losses. Roubini explained that the future of technology and the singularity are concerning as artificial intelligence is integrated into the workplace. Another "megathreat" Roubini discussed is global warming and how companies claiming to reach net zero are behind. Unfortunately, many of the commitments to net zero done by many businesses or even financial institutions are more like corporate PR rather than real plans. Everybody says we're going to reach net zero, but there's a lot of greenwashing and green wishing rather than real specific plans.

Persons: Roubini Organizations: New York University, Economics, CNBC, Apple, Social Security Locations: America

☆ How do interest rates impact the consumer economy?
▼ + stars: | 2023-09-20 | by ( Mark Licea | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow do interest rates impact the consumer economy? Interest rates are up across credit cards, school loans and mortgages. How can Americans navigate the increase? CNBC Financial Advisor Council member Barry Glassman explains.

Persons: Barry Glassman Organizations: CNBC Financial

☆ Why artificial intelligence may become your employer: Robert Reich
▼ + stars: | 2023-09-03 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

Artificial intelligence will create a new system that could drastically transform the employer and employee relationship, according to former Secretary of Labor, Robert Reich. In an interview with CNBC, Reich discussed how AI will have a profound impact on middle-class workers, creating an impetus for a universal basic income. The University of California at Berkeley professor also explained that growth is a necessary step to reach environmental goals. Reich said that AI will increase efficiency and productivity, pressuring the advent of a universal basic income to fuel the economy. It's the poorest countries that are having the most difficulty adjusting," Reich said.

Persons: Robert Reich, Reich, you've Organizations: Labor, CNBC, University of California Locations: Berkeley

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to invest in real estate without buying a homeReal estate investment trusts are tax-advantaged funds that buy and manage properties worldwide. They give investors exposure to the market for housing without the burden of a mortgage. These funds traditionally support strip malls, hotels and apartment complexes. Today, many diversified firms offer exposure to rental housing, data centers and industrial assets. U.S. REITs control $4.5 trillion in real estate assets and analysts envision more growth ahead.

☆ How you should invest during the AI boom: Barry Glassman
▼ + stars: | 2023-08-26 | by ( Mark Licea | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow you should invest during the AI boom: Barry GlassmanArtificial intelligence could likely transform the economy, so how should we think about investing in this technology now? CNBC Financial Advisor Council member Barry Glassman explains.

Persons: Barry Glassman Organizations: CNBC Financial

☆ How to boost your portfolio during the soft landing: Barry Glassman
▼ + stars: | 2023-08-14 | by ( Mark Licea | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to boost your portfolio during the soft landing: Barry GlassmanCNBC Financial Advisor Council member Barry Glassman says the economy may be getting a soft landing, which could help grow your portfolio.

Persons: Barry Glassman

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy warning labels are so terrifyingU.S. consumers seem to be inundated with scary warning labels, but the fear may be necessary. Research shows people don't pay attention unless these labels elicit strong emotion. Experts say the rise in warning labels over the past several decades may be backfiring due to desensitization of the potential risks products carry. Watch the video above to learn more about the increase in scary warning labels and why experts are concerned it's not enough.

☆ How China, Russia, AI, and inflation threaten economic stability: Jeffrey Sachs
▼ + stars: | 2023-07-12 | by ( Mark Licea | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow China, Russia, AI, and inflation threaten economic stability: Jeffrey SachsGeopolitical tensions with China, the U.S. and Russia will continue to hurt the economy, says Jeffrey Sachs, director of the Center for Sustainable Development. In this episode of "The Bottom Line," Sachs explains key risks for companies including climate change, inflation and productivity.

Persons: Jeffrey Sachs, Sachs Organizations: Center for Sustainable Development Locations: China, Russia, U.S

☆ How China, U.S., Russia and Ukraine tension threatens global economic growth: Jeffrey Sachs
▼ + stars: | 2023-07-12 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

Geopolitical tension is the biggest risk to companies' bottom lines right now said Columbia University economics professor, Jeffrey Sachs. We should negotiate a peace in Ukraine," Sachs told CNBC. He said issues between China, Ukraine and Russia are major reasons why global profitability is low. Trade conflict between the U.S. and China is strained due to a history involving tariffs, tech rivalry and alleged spying. As a result, the U.S. government is dismantling long-standing supply chain relationships with China, creating supply shocks.

Persons: Jeffrey Sachs, Sachs, we're Organizations: Columbia University, CNBC, U.S Locations: U.S, Ukraine, China, Russia, United States

☆ How A.I. will change the job market: Mark Zandi
▼ + stars: | 2023-06-15 | by ( Mark Licea | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow A.I. will change the job market: Mark ZandiThe biggest factors contributing to companies' bottom lines right now are high interest rates and artificial intelligence, says Mark Zandi, chief economist at Moody's Analytics. In this episode of "The Bottom Line," he discusses key risks for companies including climate change, inflation and whether the U.S. will remain the world's leading economy.

Persons: Mark Zandi Organizations: Moody's Locations: U.S

☆ A.I. will create winners and losers across the job market: Mark Zandi
▼ + stars: | 2023-06-15 | by ( Mark Licea | ) www.cnbc.com time to read: +1 min

Artificial intelligence presents both challenges and opportunities for workers and employees, said Moody's Analytics' chief economist, Mark Zandi. You should be able to command a higher wage and benefit from the fact that AI is lifting everyone's productivity for businesses," said Zandi. However, some employees worry that their job is at risk while companies may leverage the technology to save on labor costs. While advances in AI have the potential to change a lot of business practices, the technology is still in the early stages. It kind of stirs the pot, creates winners and losers," Zandi told CNBC.

Persons: Mark Zandi, Zandi Organizations: CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the Federal Reserve tries to balance prices and jobsThe Fed has a dual mandate to strike a delicate balance to ensure low, steady prices while setting a course for an economy that encourages everyone to get a job who wants one. But the mandate's targets can contradict each other. Some economists think the central bank should consider a single target while others argue the current policy has worked to create a more stable economy. Here's how the Fed tries to strike a near-impossible balance to promote both parts of this dual mandate.

Organizations: Federal Reserve

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