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☆ Even wealthy Los Angeles residents are moving to (slightly) cheaper cities and mansions out of state
▼ + stars: | 2024-01-15 | by ( Dan Latu | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Many wealthy buyers say they were driven out by a so-called mansion tax in Los Angeles, among other tax-related issues. Los Angeles topped Redfin's list of US metropolitan areas that homeowners are most looking to leave, based on their user data of home searches. Wealthier Americans — those making more than $200,000 per year — are moving out of high-cost cities like New York and Los Angeles, according to personal finance site SmartAsset. San Diego real-estate agent Jennifer Janzen says she's recently had Los Angeles clients head south to trade up in style. Another client of Janzen's was a young family who grew tired of the city life in Los Angeles.

Persons: —, Gus Lira, Lira, Lira's, Summerlin, she's, Jennifer Janzen, Janzen, Sotheby's, grâce, Jade Mills, Rob Desantis, Mary Fitzgerald Organizations: Service, Getty, Hollywood, Las, Golden, LA, Bloomberg, Los, Netflix Locations: Los Angeles, Malibu, California, Orange County, Las Vegas, Nevada, Vegas, Red, Vegas from California, Seattle, Florida , Texas, Tennessee, New York, Diego, Angeles, Rancho Santa Fe, San Diego, LA, Santa Fe, Manhattan

☆ How U.S. soybeans influence global economics
▼ + stars: | 2023-10-12 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com time to read: +3 min

"Soybeans are kind of that wonder crop that has amazing capabilities" Arlan Suderman, chief commodities economist at StoneX, told CNBC. "The average soybean production in our county 40 years ago, in 1980, was 31 bushels. The global soybean market exploded in recent years with U.S. production at the forefront. However, the U.S. has since lost its dominance, in part, thanks to its reliance on a single export market: China. According to data from the USDA, about half of the value of U.S. soybean exports head to China.

Persons: Himanshu Gupta, ClimateAI, Suderman, wasn't, Meagan Kaiser, Joe Janzen, Janzen, Kaiser Organizations: National Oilseed Processors Association, United, CNBC, U.S . Department of Agriculture, University of Illinois Locations: U.S, China, Brazil, Argentina

☆ First ever video captures the adorable birth of critically endangered Burmese peacock softshell turtle hatchlings
▼ + stars: | 2023-06-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Staff at a conservation group captured the birth of 15 Burmese peacock softshell turtle hatchlings. Nyein Chan & Yae Aung / Fauna & FloraAs a result, Burmese peacock softshell turtles are one of the world's most endangered freshwater turtle species. An adult Burmese peacock softshell turtle (Nilssonia formosa) being released in Indawgyi. "Working with local communities will be key to our success in addressing the threats to the critically endangered Burmese peacock softshell turtle. We are already seeing the results of collaborating with communities to manage and protect key nesting sites and habitat," said Zau Lunn, Programme Manager, Freshwater and Marine, Fauna & Flora.

Persons: —, Nyein Chan, Jeremy Holden, Fredric Janzen, Flora, Zau Lunn, Lunn Organizations: Service, Zoological Society, London's, Local, Flora International, Fauna & Flora International, & Flora, New York Times, Michigan State University, Fauna, UNESCO Biosphere Reserve Locations: Myanmar, East, Southeast Asia, Indawgyi, formosa

REUTERS/Chris WattieOTTAWA, April 19 (Reuters) - About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, a strike that affects a range of public services from tax returns to passport renewals. The Public Service Alliance of Canada (PSAC) union and the federal government said negotiations are ongoing, and Liberal Prime Minister Justin Trudeau stressed the urgency of resolving the dispute. The contract negotiations cover two main groups of employees: 120,000 workers under the Treasury Board and more than 35,000 revenue agency workers. Tax agency workers want a pay bump of 22.5% over three years, while the Treasury Board workers are seeking a 13.5% pay rise over three years. "There's obviously still the concern that this contract could set a precedent for other public sector union negotiations," he said.

☆ I make 6-figures a month in revenue making games on Roblox. Here's how I started earning thousands in my first year.
▼ + stars: | 2023-04-18 | by ( Robin Madell | ) www.businessinsider.com time to read: +10 min

Madsen creates new games on Roblox and updates his previous games to keep up a revenue stream. I remember when I made my first $2 from a Roblox game I created in 2017. Now, I've been generating six figures a month in revenue from Roblox experiences I've created or been a part of creating since 2021. I also create Roblox experiences outside of Splitting Point with friends. The reason is that even if it's a beautifully designed game, it isn't a Roblox game.

☆ Bank of Canada seen on hold even as economy accelerates
▼ + stars: | 2023-04-09 | by ( Fergal Smith | ) www.reuters.com time to read: +4 min

Last month, the Bank of Canada became the first major global central bank to pause its rate-hiking campaign, after lifting its benchmark rate to a 15-year high of 4.50%. This will carry through to higher economic growth." That is welcome news for most, but not for Bank of Canada (BoC) Governor Tiff Macklem, as it could call into question his decision to announce a conditional rate pause in January. "We suspect that the Bank of Canada will view the apparent strength in Q1 GDP similarly, and increase its estimate of potential growth." Canada's economy faces headwinds from higher borrowing costs and financial stability concerns, while inflation has cooled more than in the United States, said Nathan Janzen, assistant chief economist at Royal Bank of Canada.

☆ Bank of Canada set for one more rate hike in historic tightening campaign
▼ + stars: | 2023-01-25 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

[1/2] A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. This week's meeting will be significant as the BoC will offer minutes from the policy-setting session for the first time. Money markets see a roughly 70% chance of a 25-basis-point move and expect the policy rate to peak at 4.50%. Economists expect the BoC to leave the door open to further tightening should upcoming data show price pressures persisting and push back against market expectations for interest rate cuts in the second half of the year. Better to err on the side of too much tightening with a 25-basis-point hike."

☆ Is Canadian inflation on a sustainable path to 2%? Essentials offer clues
▼ + stars: | 2023-01-15 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

Canada's consumer price index report for December, due on Tuesday, is expected to show headline inflation cooling to 6.3%, its lowest annual rate since last February, from 6.8% in November. If inflation expectations rise, it could push up wage demands, particularly in a tight labor market, leading to further price pressures. "One eye is on wage growth, which is strong but not too bad at the moment, but then this other idea (which is) on the price inflation for essentials that could keep wage demands high, as it affects inflation expectations." "If inflation slows and wage growth doesn't, then wages become more of a tailwind for inflation going forward. "What we really need to see in December is weaker price growth across the board."

And Wagner’s beloved fireflies – like so many insects worldwide – have largely vanished in what scientists are calling the global Insect Apocalypse. “Insects are the food that make all the birds and make all the fish,” said Wagner, who works at the University of Connecticut. Humans, too, see some 2,000 species of insects as food. “We’d see yields dropping of all of these crops.”And in nature, about 80% of wild plants rely on insects for pollination. WINNERS AND LOSERSWhile the situation is bleak for insects at large, a few types of insects are thriving.

In lieu of being incarcerated, he agreed to complete a court-supervised treatment program at Hennepin County Veterans Court. Minnesota’s new law establishes a consistent set of standards for every criminal court in the state, depending on the offender’s criminal history and the severity of the crime. But the Hennepin County Veterans Court has started to see some of its early impacts. At least 22 veterans have graduated its treatment program since the law went into effect on Aug. 1, 2021. The lack of data on the issue led the Council on Criminal Justice to launch a national commission to examine over the next two years why so many veterans land behind bars.

Reuters GraphicsThe broadening of price increases, increased wage settlements, as well as rising consumer and business inflation expectations are signs that inflation is becoming more entrenched in the economy, economists told Reuters. That is an outcome that the Bank of Canada has hoped to avoid, saying it would require more aggressive interest rate hikes to bring inflation back under control. Economists at Desjardins Group and Oxford Economics also foresee aggressive rate hikes leading to a recession, though they cast it as a mild downturn. We need to cool the economy to get inflation back to target," Senior Deputy Governor Carolyn Rogers told reporters earlier this month. As for headline inflation, the central bank has it returning to 2% in 2024.

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