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☆ Atlantis The Royal, Dubai: Inside the Middle East’s ‘best’ hotel
▼ + stars: | 2024-05-07 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Atlantis, The Royal Atlantis, The Royal: The double-height bar is perfect for sunset cocktails — although you won't be making your own drinks, as there's a 24-hour bartender ready to make your favorites. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.

Persons: Swedish House Mafia —, there’s, ”, Tom Roelens, There’s, Cabana, Rebecca Cairns, Kendall Jenner, “ We’ve, we’ve, Graff, bathrobes, Jay Z, Louis, Valentino —, “, it’s, Estiatorio Milos, Costas Spiliadis, — Organizations: CNN, Swedish House Mafia, Royal, Atlantis Resorts, Dolce, Gabbana, cabanas, Atlantis, “ Royal, Nobu, —, Chefs, Sky Locations: Dubai, Beyoncé, isn’t, Arabian, Atlantis Royal Dubai

☆ A $50 million private island that's a 10-minute boat ride off the coast of Florida just hit the market. Take a look.
▼ + stars: | 2024-04-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

A 7-acre private island off Florida's coast is on sale for $50 million. AdvertisementIf owning a private island is a personal dream for you, you're in luck — a 7-acre private island located just 3 miles off the coast of Florida just hit the market and could be all yours for $50 million. Jon Kohler & AssociatesFrom the dock on the mainland, the Panama City Beach International Airport is an hour-and-twenty-minute drive away. Jon Kohler & AssociatesJon Kohler & AssociatesIn this scenario, Weldon said the setup would be similar to a condo homeowners' association. Jon Kohler & AssociatesThe bungalows, which were first built in 2009, were remodeled when Seymour bought the island in 2018.

Persons: —, Saint Joseph Bay, Joe, Samuel, Black Sam, Bellamy, Jon Kohler, Lori Bembry Weldon, Weldon, Scott Seymour, Associates Jon Kohler, Seymour Organizations: Service, Associates, Panama City Beach, Jon Kohler & Associates, Business Locations: Florida, Saint Joseph, Port St, Florida's, Black's, Panama, Atlanta

☆ I'm 68, and one of my most treasured friends is 96. I've known her since I was a child and appreciate her more the older I get.
▼ + stars: | 2024-04-16 | by ( Michael Arkin | ) www.businessinsider.com time to read: +4 min

We don't need institutional studies to know that having good friends makes us happier and healthier. And when we think of friendships, more often than not, we think of people who are generally around our own age. But I've learned that intergenerational friendships, defined as those with someone at least 15 years older or younger, can be the most rewarding of them all. Six years later, when my own mother died from cancer, Terri gradually assumed the role of surrogate mother, becoming a non-judgmental sounding board. The older I get, the more I appreciate her, perhaps because as I age, I realize that time is finite and precious.

Persons: I've, Terri, Kathy, hipper, cabana, Frank Sinatra Organizations: Service, Business Locations: Riverdale , NY, India, California, New York

☆ Squatters took over a Beverly Hills mansion worth millions for 5 months
▼ + stars: | 2024-03-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Squatters who took over a Beverly Hills mansion for five months seemed to take the saying literally. The squatters made money off of the home by hosting parties with entrance fees from $500 to $1,500, Curbed reported. According to Curbed, Yamout purchased the home in 2021 from Notre Dame Properties, which is allegedly "controlled" by Uwaydah. AdvertisementYamout took legal action against the squatters, filing an unlawful detainer lawsuit to evict them, Curbed reported. Gargiulo told Curbed that he has no regrets about living in the mansion or the headaches he brought the residents of Beverly Grove Place.

Persons: —, Morgan Gargiulo —, Gargiulo, John A, Woodward IV, LeBron James, Jennifer Lopez, Ben Affleck, Woodward, didn't, he'd, Adel Yamout, Yamout, Damon Dash, Munir Uwaydah, Michael, Harry, Harris, Donald Trump, I've Organizations: Service, Beverly Hills, Beverly, Los Angeles, Row Records, Notre Dame Properties, Uwaydah, Business Locations: Los, Los Angeles, Beverly, Beverly Hills, Beverly Grove, Woodward, California

☆ I rented a $365 cabana at Disney World's Typhoon Lagoon, and it was worth every penny even though it took 3 hours to book
▼ + stars: | 2024-02-06 | by ( Megan Dubois | ) www.businessinsider.com time to read: +7 min

I rented a cabana for a day at Disney's Typhoon Lagoon water park for $365. AdvertisementI've been going to Disney World for over 25 years, and I've been to its water parks — Typhoon Lagoon and Blizzard Beach — a few times. But during my most recent visit to Typhoon Lagoon, my family and I decided to spring for a poolside cabana. When my family and friends arrived at Typhoon Lagoon, check-in for the cabana was easyWe were stationed at Beachcomer Shack 7. AdvertisementThe time spent in the water was mostly on the lazy river, because the water park was very busy.

Persons: I've, cabana, —, Megan duBois, it's, I'd, cabanas Organizations: Service, Disney, cabana, cabanas Locations: Typhoon

☆ Mary Cleave, the first woman to fly on NASA’s space shuttle after Challenger disaster, dies at 76
▼ + stars: | 2023-11-29 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —Mary Cleave, the NASA astronaut who in 1989 became the first woman to fly on a space shuttle mission after the Challenger disaster, has died at the age of 76, the space agency announced on Wednesday. “For me, space flight was great, but it was gravy on top of getting to fly in great airplanes,” she told NASA. Getting to orbitOn her first mission, flying on NASA’s Space Shuttle Atlantis in 1985, Cleave became the 10th woman to travel into space. Over the course of her two shuttle missions, Cleave spent more than 10 days in orbit. Cleave said she made the difficult decision to move on from the corps and NASA’s astronaut hub in Houston, taking a role at Goddard Space Flight Center in Maryland in 1991.

Persons: Mary Cleave, “, ”, Bob Cabana, “ Mary, ” Cleave —, —, Cleave, ” Cleave, Judith Resnick, Sally Ride, Sally, Cleave “ Organizations: CNN, NASA, Challenger, Science, Colorado State University, Utah State University, Atlantis, CapCom, Ride, Goddard Space Flight, Maryland Locations: Neck , New York, Utah, Houston, Maryland, Washington , DC

☆ In Rio de Janeiro, Architecture That’s in Sync With the Jungle
▼ + stars: | 2023-11-22 | by ( Michael Snyder | Pedro Kok | ) www.nytimes.com time to read: +2 min

Juaçaba’s work, by contrast, was plain yet potent in its attention to detail. “She leaves room for the imagination.”In one of their firm’s first projects, 2015’s Videiras Pavilion — an extension of a pre-existing country home in a valley 62 miles from Rio — a 386-square-foot structure seems to levitate over a gentle slope. Made largely from recycled timber left on-site by the previous owners, the external structure is rich in detail, featuring puzzlelike junctions of banisters and beams. Deep frames around unglazed windows double as outdoor seats. The black paint used in parts was inspired by the natural patina acquired by Indigenous palm-thatch dwellings, a resilient typology throughout Brazil that most architects, until recently, wouldn’t have considered architecture at all.

Persons: ”, Pedro Varella, Caio Calafate, Alziro Carvalho Neto, Felipe Rio, Gávea Organizations: Felipe Rio Branco Locations: Rio, Itanhangá, Gru.a, Rio —, Videiras, Brazil

☆ A Silicon Valley tech investor's wedding at a famous Utah landmark left the site completely trashed, council member says
▼ + stars: | 2023-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

A Silicon Valley investor's wedding at a natural Utah landmark was larger than he initially let on. The Bureau of Land Management eventually had to clean up leftover trash and abandoned property. AdvertisementGibson wrote a letter to the Bureau of Land Management asking about the event and sharing her photos. But rangers with the agency eventually had to collect "abandoned property and refuse," according to the outlet, which cited the land management email. Gibson and other town officials are now asking the Bureau of Land Management to keep such receptions from happening in the future.

Persons: Andrew Chen, —, Pamela Gibson, Emma Waldron, SFGate, Chen, Andreessen Horowitz, Gibson, Jazmine Duncan, Waldron Organizations: Land Management, Service, Labor, Miss, Valley, Twitter, of Land Management, Business Locations: Utah, Castle Valley, Castleton, Moab , Utah, Castle

☆ Bond rout won't end Fed balance sheet cuts, but endgame bubbling into view
▼ + stars: | 2023-10-06 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Since June 2022, the Fed has allowed more than $1 trillion of bonds to mature from its portfolio, including roughly $840 billion of Treasuries. QT drains liquidity from the banking system, reducing bank reserves parked at the Fed and cash stashed in its reverse repo facility. Others believe money market rates will start to move up in ways suggesting the system is short of cash. A New York Fed report in April projected an end to QT around the middle of 2025. A survey of major banks by the New York Fed released in August eyed an end to QT in mid-2024.

Persons: it's, ”, Kathy Bostjancic, Bostjancic, Goldman Sachs, Loretta Mester, “, Austan Goolsbee, Mary Daly, Michael Barr, Michael Cloherty, Mark Cabana, ” Cabana, Cabana, Michael S, Ann Saphir, Dan Burns, Andrea Ricci Organizations: Goldman Sachs, Federal Reserve, Silicon Valley Bank, Fed, Treasury, Reuters Graphics Reuters, Cleveland Fed, Bloomberg, Chicago Fed, San Francisco Fed, UBS, Bank Policy Institute, New York Fed, Bank of America, Daily, Derby, Thomson Locations: Silicon, Washington

☆ How researchers are developing fabrics that can keep skin 9 degrees Fahrenheit cooler than cotton
▼ + stars: | 2023-09-11 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

A lab in China made a fabric that can keep skin temperature 9 degrees Fahrenheit cooler than cotton. Brands including Bearbottom Clothing, LifeLabs, and Mission have products like t-shirts that can cool you down by 3 degrees Fahrenheit and hats that get 23 degrees Fahrenheit cooler when wet. Guangming TaoThe temperature of the student's skin wearing the side with the metafabric was 4.8 degrees Celsius, or about 9 degrees Fahrenheit, cooler than the side covered in cotton. AdvertisementAdvertisementThis isn't the first cooling fabric to be developed, but other fabrics have been extremely thin and fragile. Athletes, construction workers, soldiers, and others could benefit from wearing the cooling fabric, Tao said.

Persons: Summers, Robert Felder, Bearbottom, NanoStitch, Guangming Tao, Tao, Guangming Organizations: Brands, Service, Bearbottom, China, Wuhan National Laboratory, Optoelectronics, of Materials Science, Engineering Locations: China, Wall, Silicon, Wuhan

REUTERS/Johnny Carvajal Acquire Licensing RightsCARACAS, Sept 7 (Reuters) - Before they were arrested and sentenced to 16 years in prison on conspiracy charges, the six Venezuelan activists marched peacefully to call for better salaries for teachers, according to their families and lawyers. The latest moves by Venezuelan authorities demand a coordinated response from other countries, advocates said. He has long accused Venezuela's opposition of seeking to spread chaos. "But obviously I don't have faith in Venezuelan justice," said Oropeza, the wife of activist Bracho. Reporting by Vivian Sequera; Writing by Julia Symmes Cobb; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Oropeza, Alcides, Johnny Carvajal, Nicolas Maduro's, Yorbelis Oropeza, Fionnuala Ni Aolain, Clement Nyaletsossi Voulue, Juan Pappier, Gonzalo Himiob, Hugo Chavez, Venezuela's, Maduro, Javier Tarazona, Tarazona, Roland Carreno, Joel Garcia, Tarazona's, Himiob, Valentina Ballesta, Franks Cabana, Oscar Perez, Ana Leonor Acosta, Xiomara Andara, John Alvarez, Garcia, Bracho, Vivian Sequera, Julia Symmes Cobb, Daniel Wallis Organizations: REUTERS, Rights, Maduro, Judiciary, United Nations, Human Rights, Foro Penal, Amnesty International, Coalition for Human Rights, Democracy, Thomson Locations: Caracas, Venezuela, Rights CARACAS, U.S, they'll, Foro, Russia, China, Colombia, Brazil, Colombian, Venezuelan

☆ Brazil launches 'growth acceleration' plan set to invest $350 billion
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

A general view of the Copa Cabana beach during Independence Day celebrations, in Rio de Janeiro, Brazil September 7, 2022. But the government said its new version would be marked by a strong partnership between the public and private sectors, with more than 1.3 trillion reais estimated to be disbursed by 2026. According to a statement, 371 billion reais are set to be invested by the federal government, while state-owned firms such as oil giant Petrobras (PETR4.SA) would inject 343 billion. The private sector, it added, is seen investing a total 612 billion reais, added. Sao Paulo, the country's wealthiest and most populous state, comes second with an estimated 179.6 billion reais being invested in major infrastructure projects.

Persons: Ricardo Moraes, Luiz Inacio Lula da Silva, Lula, Dilma Rousseff, Sao, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Frances Kerry Organizations: Copa Cabana, REUTERS, Brazil's, Petrobras, PETR4, Sao Paulo, Paulo, Thomson Locations: Rio de Janeiro, Brazil, JANEIRO

☆ Brazil's Lula unveils $350 bln 'growth acceleration' plan
▼ + stars: | 2023-08-11 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +3 min

A general view of the Copa Cabana beach during Independence Day celebrations, in Rio de Janeiro, Brazil September 7, 2022. Critics say it incurred excessive spending, exacerbating Brazil's fiscal crisis, while failing to bring fundamental advances in infrastructure. The government did not immediately detail the fiscal impact of the initiative, or give a specific time frame for the plan. Yet Lula is under pressure to deliver much-needed growth to poor, under-developed regions and he wants Petrobras to be an engine of growth. "We'll accelerate growth in our country and help stop degradation of our planet," Haddad said in a speech.

Persons: Ricardo Moraes, Luiz Inacio Lula da Silva, Dilma Rousseff, Staff Rui Costa, Lula, Jair Bolsonaro, Fernando Haddad, Haddad, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Anthony Boadle, Kirsten Donovan Organizations: Copa Cabana, REUTERS, Staff, Petrobras, PETR4, Finance, Sao Paulo, Thomson Locations: Rio de Janeiro, Brazil, JANEIRO, Sao

☆ Mattel's Barbie is a hit. Retailers and restaurants want in
▼ + stars: | 2023-07-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

Around that time, it started planning Barbie parties: Celebrations with themed cocktails, pink food and plenty of opportunities to show off Barbiecore outfits in the Instagram-friendly venue, including life-size hot pink Barbie and Ken boxes. By marketing Barbie products to adults, large retailers may be able to get them to buy similar products for kids. With Barbie products that appeal to grown-ups, marketers are “getting that interactivity between adults and children, that bonding,” which can also be used as a selling point. The clothing retailer offers a Barbie line that includes Gap and Barbie branded t-shirts, jackets and more, for both kids and adults. Nordhielm pointed to Cold Stone Creamery’s Barbie pink cotton candy ice cream as a standout.

Persons: Barbie ”, “ Barbie ”, Moshe Isaacian, Isaacian, Richard Drew, “, ”, Tim Calkins, Barbie, Ken, Leana Chavez, cabana, Lauren McCord, Christie Nordhielm, Richard Dickson, Richard B, Levine, Levine Roberts, “ Barbie, Oppenheimer, David Canales, David Reibstein, University of Pennsylvania’s Wharton, we’re, Mike Blake, ” Reibstein, “ it’s, Northwestern’s Calkins, Mattel, Chrissy Teigen Organizations: New, New York CNN, Twitter, Mattel, Warner Bros, CNN, Warner Bros ., Northwestern University’s Kellogg School of Management, Wunder, Georgetown University’s McDonough School of Business, Press, University of Pennsylvania’s, Reuters, Creamery Locations: New York, Wunder Garten, Washington , DC, Zara, Gran Via, Madrid, Malibu, Malibu , California

☆ The End of LIBOR Is (Finally) Here
▼ + stars: | 2023-06-30 | by ( Joe Rennison | ) www.nytimes.com time to read: +2 min

The arduous, decade-long process to end the financial system’s reliance on a tarnished interest-rate benchmark, which once underpinned trillions of dollars in contracts across the globe, is almost over. From next week, the rate, known as the London Interbank Offered Rate, or LIBOR for short, will cease to be published. LIBOR is a collective term for dozens of rates, denominated in different currencies, intended to reflect how much it costs banks to borrow from one another. In the end, roughly $10 billion in fines were meted out across the financial industry over accusations of LIBOR rigging, which led to efforts to move away from the tainted benchmark. “There are still issues, but it’s remarkable that LIBOR will go out with more of a whimper than a bang.

Persons: LIBOR, ”, Mark Cabana Organizations: London, Barclays, Bank of America Locations: LIBOR, British

However, the golf simulator transaction appears to have been structured to avoid Florida’s rigorous ethical disclosure requirements, said two governance experts in Florida. Florida state law requires public officials to file quarterly reports listing all gifts received with a value over $100. Uthmeier wrote that the loan was “permissible” according to state law and the Governor’s Ethics Code. Trump paid for his own golf simulator, according to the Washington Post. According to the list, the “acquisition cost” of both the treadmill and the golf simulator are listed as $1.

Persons: Ron DeSantis, DeSantis, Morteza, Donald Trump, Lynn Blais, Ben Wilcox, James Uthmeier, ’, Uthmeier, Barbara Petersen, Hosseini, Trump, Barack Obama, Ronald Watson, cabana, Watson, Wilcox, Caroline Klancke, Jason Szep Organizations: cabana, ICI Homes Residential Holdings, Mansion Commission, Commission, Florida’s Department of Management Services, Florida Center, Government, University of Florida, Reuters, aboutGOLF, Washington Post, Thomson Locations: Florida, Hosseini, DeSantis, Tallahassee, Ohio

☆ Italy is a bargain for vacationing Americans. Not so much for Italians
▼ + stars: | 2023-06-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Rimini, Italy. The Jersey Shore, but not Unlike Americans, Italians do not just plunk down their beach bag and dive in the ocean. A bargain for Americans, but not for Italians Italy is heavily reliant on tourism. For Americans, Europe in general but the smaller cities of Italy in particular are a great value. It's a bargain for Americans but, for most Italians, even those prices are out of reach.

Persons: Federico Fellini, Vita, It's, Fellini, He's, That's Organizations: Istock, Getty, Ferraris, cabana, Business, Tourists, gondoliers, OECD, European Union Locations: Rimini, Italy, RIMINI, ITALY, Jersey Shore, Ancona, Emilia, Romagna, Europe, Parma, Modena, Bologna, Ravenna, Jersey, Cattolica, Adriatic, Croatia, Albania, Venice, St

☆ Saadiyat: The 'island of happiness' just off Abu Dhabi
▼ + stars: | 2023-04-21 | by ( Chris Dwyer | ) edition.cnn.com time to read: +7 min

Jon Arnold Images Ltd/Alamy Stock PhotoWhile Abu Dhabi itself is home to bombastic contemporary architecture, Saadiyat – an easy 20-minute drive from downtown and Abu Dhabi International Airport – is a natural wonderland, edged by small sand dunes. Elevated boardwalks protect them from beachgoers – part of a conservation project led by Jumeirah at Saadiyat Island Resort and its inhouse marine biologist. Department of Culture and Tourism Abu DhabiOpen year-round, Saadiyat Beach Golf Club is home to a Gary Player signature 18-hole golf course. Luc Castel/Getty ImagesInaugurated in 2017, The Louvre Abu Dhabi is France’s largest cultural project abroad. Louvre Abu Dhabi isn’t the only highbrow place on Saadiyat – behind the dunes there are two world-class educational institutions, too.

☆ The Wildly Popular Men’s Shirt to Avoid This Summer—and What to Wear Instead
▼ + stars: | 2023-04-21 | by ( Ashley Ogawa Clarke | ) www.wsj.com time to read: +1 min

NECK AND NECK Two shirts, two collars—a sturdy design (left) and a flat camp style (right). Even if none ring a bell, chances are you’ve seen the style, distinguished by a splayed, notched collar that exposes clavicles and lies pancake-flat against the chest. Today’s camp styles range from $990 Celine designs with palm-tree accents right through to $33 Old Navy takes. Athleisure giant Lululemon offers a head-scratching version in a sweat-wicking fabric better suited to gym clothes. Countless trendy brands sell few other collar styles come spring and summer.

☆ The average bachelorette party now costs $10,800
▼ + stars: | 2023-03-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

The price of bachelorette parties is on the rise, with the average one costing $10,800, per Bach. Bachelorette parties have become extravagant multi-day trips — complete with goat yoga and pontoon saloons — and the average one now costs a total of $10,800, according to Bach, an app made to help people plan bachelorette parties and group travel. With an average party size of nine, the typical bachelorette attendee is now spending $1,200 per party. According to data from Bach, the average bachelorette party now spans 2.8 days, up from 2.6 days one year ago. The average bachelorette party attendee is spending $400 on experiences, per Bach, and about $300 on their flight and $300 on accommodations.

☆ Inside a $22.5 million condo with over 70,000 sq ft of over-the-top amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: 1 min

This $22.5 million condo in Miami spans 6,200 sq ft with four bedrooms, five and a half baths, but perhaps more impressive than what comes inside those four walls is the mind-blowing list of over-the-top amenities that comes with it. The luxury condo is situated on the 48th floor of the Turnberry Ocean Club Residences in Sunny Isles Beach where the list of amenities span over 70,000 sq ft from sunrise and sunset swimming pools to a $1.2 million beachfront cabana. CNBC's Ray Parisi and real estate broker Senada Adzem of Douglas Elliman take you inside for an exclusive tour.

☆ A look inside a $22.5 million Miami condo with insane luxury amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

Turnberry Ocean Club ResidencesInside the Sky Club's fitness center where the treadmills come with impressive views. Turnberry Ocean Club ResidencesOutdoor sunset lounge Turnberry Ocean Club ResidencesAlso up on 32nd floor is a so-called dog retreat where lucky pooches can take in the ocean views and relieve themselves. Turnberry Ocean Club Residences / Leo DiazThe kitchen includes three islands and comes equipped with custom Italian-made cabinetry and high-end German appliances. A rendering of one of the Turnberry Ocean Club Residences' beach front cabanas. Turnberry Ocean Club Residences

☆ Eggs are crazy expensive. Plant-based alternatives think you should check them out
▼ + stars: | 2023-02-09 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Egg prices are still high at the grocery store — so plant-based egg alternatives are using this moment to make their case. Brands like Just Egg and Zero Egg, which make egg alternatives, say they’ve seen momentum in January. For them, turmoil in the traditional egg market is the perfect opportunity to try to reach potential new customers and highlight the advantages of plant-based eggs. But they’re not interested in plant-based eggs — the texture and flavor is just not there for their needs, Tim Lu said. In the grocery store, egg prices remain elevated, Rispoli noted: “Grocers are not yet passing along those savings.”

☆ My family of 4 spent $600 a night at Disney's Beach Club Resort, and it's one of our favorite hotels
▼ + stars: | 2023-01-28 | by ( Kari Becker | ) www.businessinsider.com time to read: +8 min

My family of four stayed in a club-level suite at Disney's Beach Club Resort for $600. Themed after a New England-style beach resort, it's located in the Epcot area around Crescent Lake, our favorite resort area to stay in. Here's a look at our recent stay in a club-level suite and why Beach Club has become a top pick for my family. Beach Club is a great resort for groups of all sizesWe'll definitely be returning to Beach Club. After this trip, it's fair to say that Beach Club is one of my family's favorite hotels.

The TGA is a liability on the Fed's balance sheet. This means that when the TGA goes down, reserves go up, effectively administering an injection of liquidity into the system. chartThis runs counter to the Fed's current stance of pursuing a tighter monetary policy, of which draining liquidity from the system via QT is a part. Mark Cabana, head of U.S. rates strategy at Bank of America, calculates that since the Fed's QT program got underway last May, the Fed's balance sheet has shrunk by $406 billion and the TGA has dropped $422 billion. "Fed QT to date has been largely absorbed by lower TGA," he and his team wrote in a recent note.

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