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☆ See inside a tiny-home village that gives homeless people $200-a-month houses — and has a waiting list of 700 people
▼ + stars: | 2023-11-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

Millionaire Marcel LeBrun is building a tiny-home village in Canada, just north of the Maine border. AdvertisementAdvertisementIt's been nearly two years since 12Neighbours, a tiny-home village in Canada, welcomed its first resident. Marcel LeBrun at the 12Neighbours tiny-home village. Take a look inside the 12Neighbours tiny-home village. A resident of the 12Neighbours tiny-home village.

Persons: Millionaire Marcel LeBrun, —, Marcel LeBrun, LeBrun, " LeBrun, 12Neighbours, Marcel LeBrun LeBrun, Marcel LeBrun Every, Randy, Mark Osborne didn't, Marcel LeBrun Samantha Seymour, Marcel LeBrun 12Neighbours, who've, we're, Seymour Organizations: Residents, Service, Fraser Institute, Brunswick, Marcel LeBrun Village, Canadian Broadcasting Company, CBC, New, New Brunswick Housing Locations: Canada, Maine, Fredericton , New Brunswick, Maine , New Brunswick, Fredericton , New, New Brunswick, overpriced, 12Neighbours

☆ Singapore is now the world's freest economy, displacing Hong Kong after 53 years
▼ + stars: | 2023-09-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Singapore has dethroned Hong Kong to become the world's freest economy, according to a report released by Canadian think tank Fraser Institute. It measures the economic freedom of individuals — or their ability to make economic decisions on their own. New regulatory barriers to entry, increasing cost of business, and limits on employing foreign labor dented Hong Kong's ranking, the report stated. "These repressions, combined with the government's efforts to control the private sector, inevitably led to diminished economic freedom. Hong Kong's prosperity will likely suffer as a result," Mitchell said.

Persons: Hong Kong, Fraser Institute's, Matthew Mitchell, Mitchell Organizations: Fraser Institute, Hong Locations: Marina Bay, Singapore . Singapore, Hong, Canadian

☆ CNBC Daily Open: Banishing the AI hallucination
▼ + stars: | 2023-09-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, Japan's Nikkei 225 lost 0.42% after the country's central bank maintained its negative interest rates. Growth-focused technology stocks, in particular, are struggling in an environment of higher-for-longer interest rates. But that means the time's ripe to look at European value stocks.

Persons: Hong, Fraser Institute's, Matthew Mitchell Organizations: CNBC, Nikkei, Bank of Japan, U.S, Cisco, Fraser Institute, Hong, Citi Locations: Asia, Pacific, Singapore, Canada, Hong Kong

The Canadian central bank had expected productivity, or output per hour worked, to improve as the economy recovered from the COVID-19 pandemic. Instead, it has fallen in eleven of the last 12 quarters, taking it back to its 2016 level. It also stands to add to unit labor costs, a key measure of inflation pressures coming from higher wages. "Our own forecast is that productivity growth will turn around, but that is a risk to the outlook and if productivity growth continues declining it will make it more difficult to get inflation back to target," Macklem said. The central bank has forecast that inflation will return to its 2% target in the middle of 2025.

Persons: Macklem, Derek Holt, tightens, Holt, Dennis Darby, Doug Porter, Fergal Smith, Steve Scherer, Deepa Babington Organizations: Bank of Canada, Reuters Graphics Reuters, BoC, Scotiabank, Federal Reserve, Canadian Manufacturers, Fraser Institute, BMO Capital Markets, Thomson Locations: Canadian, Canada, freefall, United States, Toronto, Ottawa

☆ Factbox: Biggest issues in Canadian province of Alberta's May 29 election
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +3 min

Below are the main issues in the election:HEALTHCAREIn the wake of the COVID-19 pandemic, healthcare has become a big issue in Alberta. The UCP last month committed to keeping Alberta's publicly-funded healthcare system, contrasting with comments previously made by Smith about dismantling universal healthcare paid for by taxpayers. The UCP has pledged to lower taxes by creating a new 8% tax bracket on income under C$60,000 ($44,033.47). ENERGY AND CLIMATEBoth the UCP and NDP are supportive of the energy sector, recognising it as Alberta's main economic engine. ($1 = 1.3626 Canadian dollars)Reporting by Nia Williams; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

HONG KONG — After mass unrest in 2019, a pandemic that left it isolated from the world and the imposition of a national security law that has crushed dissent, Hong Kong is ready to turn the page. According to government statistics, about 319,000 people arrived in Hong Kong last month, down 97% from 10.8 million in October 2019. According to one report last month, Hong Kong has lost its status as Asia’s top financial center to Singapore. While it may not be realistic to expect businesses to turn away from China’s huge market, global business leaders “need to recognize that there’s a new situation in Hong Kong, there’s a new reality,” said Brian Kern, the lead researcher for a report on doing business in Hong Kong that was published last month by the Hong Kong Democracy Council, a nonprofit group based in Washington. Lee also pointed to a report in September in which Hong Kong topped Singapore as the world’s freest economy.

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