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☆ Veteran investor David Roche says the market is getting it wrong on Taiwan's election result
▼ + stars: | 2024-01-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Taiwan's President Tsai Ing-wen speaks as Lai Ching-te, Taiwan's vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate looks on during a campaign rally ahead of the elections in Taipei, Taiwan, January 11, 2024. Carlos Garcia Rawlins | ReutersTaiwan's election results place the island on a "collision course with China" and the market reaction has been too sanguine, according to veteran investor David Roche. Beijing has already dismissed the outcome of Saturday's elections, which saw the ruling Democratic Progressive Party's Lai Ching-te elected president alongside a split parliamentary vote. The DPP rejects the so-called "One China principle" and advocates a separate and distinct Taiwanese national identity. Xi has repeatedly stated that Taiwan will be reunified with China, and has not ruled out using military force to achieve his goals.

Persons: Tsai Ing, Lai Ching, Democratic Progressive Party's, Carlos Garcia Rawlins, David Roche, Party's Lai Ching, Roche, CNBC's, Lai, Xi Jinping, Xi Organizations: Democratic Progressive, Reuters, Democratic, DPP, Independent, CSI, Chinese Communist Party, Citi, KMT Locations: Taipei, Taiwan, China, Beijing

Despite having cut official diplomatic relations with Taiwan in 1979, the U.S. remains the island's chief diplomatic ally and source of military hardware and intelligence. Lai's victory was a setback for China’s efforts to bring Taiwan under its control. It goes against the expectation of global democratic communities and goes against the will of the people of Taiwan to uphold democratic values. Lai’s victory means the Democratic Progressive Party will hold the presidency for a third four-year term, following eight years under Tsai. Lai won a three-way race for president with 40% of the vote, less than the clear majority Tsai won in 2020.

Persons: —, Tsai Ing, “, Stephen Hadley, Lai Ching, James B, Steinberg, Tsai, ”, Antony Blinken, Lai, Johnson Lai Organizations: U.S, Saturday, Taiwan “, Communist Party, Democratic Progressive Party, United Nations, Nationalists, Kuomintang, KMT, China's, Chinese Foreign Ministry, ___ Associated Press Locations: TAIPEI, Taiwan, China, Hadley, U.S, Asia, Pacific

About an additional 6 in 10 caucusgoers say they want substantial changes. The vast majority of Iowa caucusgoers trust elections in their state, but about 4 in 10 are not too confident or not at all confident in the integrity of U.S. elections. About two-thirds of Iowa caucusgoers favor continuing aid to Israel in its fight against Hamas. ABORTIONViews on abortion are far from simple, but most Iowa GOP caucusgoers say there should be limited access to the procedure. ___For the latest updates on the Iowa caucuses, follow the AP’s live coverage.

Persons: Donald Trump, VoteCast, Trump, GOP caucusgoers, Nikki Haleyis, Haley, Democrat Joe Biden, Haley’s, Ron DeSantis, DeSantis ’, Vivek Ramaswamy, Ramaswamy, TRUMP Organizations: WASHINGTON, Iowa Republicans, Trump, White, AP, The Associated Press, NORC, for Public Affairs Research, GOP, Republicans, South Carolina Gov, Democrat, Trump . Florida Gov, U.S . Capitol, Iowa GOP, Fox News Locations: U.S, Mexico, United States, Iowa, Florida, Israel, Ukraine, Russia

☆ Why China hates the new president of Taiwan
▼ + stars: | 2024-01-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

"Lai Ching-te clings stubbornly to the separatist position for 'Taiwan independence.' A matter of Taiwan's independenceIn 2017, while he was premier, Lai referred to himself as a "pragmatic worker for 'Taiwan independence.'" AdvertisementLai has pledged to maintain status quo and stability in Taiwan, but China isn't backing down on its stance either. "I think China hates him, really hates him," Wu Xinbo, an international relations professor at Shanghai's Fudan University, told Reuters, referring to Lai. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait," added Wu.

Persons: William Lai Ching, Taiwan's, Lai, —, Wiliam Lai Ching, Lai Ching, Xi Jinping, Wu Xinbo, Wu, Wang Yi, Jeremy Mark, William Lai, Chong Ja Ian, Chong, Tsai Ing Organizations: Democratic Progressive Party, Service, China's Taiwan Affairs Office, Chinese Communist Party, Shanghai's Fudan University, Reuters, Analysts, Lai's, Atlantic Council, Eurasia Group, KMT, National University of Singapore, Carnegie China, Channel News Asia Locations: China, Beijing, Taiwan, South America, Taiwan Strait, Taiwan's

☆ How JPMorgan's Bola Oyesanya became the whisperer to rich law firm partners
▼ + stars: | 2024-01-14 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

One client, a law firm partner, refused to consider Oyesanya's suggestion of alternative investments. AdvertisementBanking to wealthy law firm partners is a desirable niche. Law firm partners averaged $1.12 million in compensation in 2022 according to a survey by recruiter Major, Lindsey & Africa, and top partners in Big Law can make more than $10 million a year. Now global head of JPMorgan's law firm and professional services group, Oyesanya is up against a formidable rival: her former employer. AdvertisementShe plans to strengthen JPMorgan's law firm group with the same ethos: serving customers well to earn their loyalty and their referrals.

Persons: Bola Oyesanya, Oyesanya, Wells, —, We're, Major, Jamie Dimon, Bola, Philip Waxelbaum, Waxelbaum, She, I've, what's Organizations: Citi, JPMorgan, Service, Banking, Big, Financial Times, Wells, Lagos Law School, Ogun University, City Trust Merchant Bank, Partners Locations: Nigeria, Wells Fargo, Lindsey, Africa, York

☆ Who is Lai Ching-te, Taiwan’s new leader and why does China dislike him?
▼ + stars: | 2024-01-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president. Confetti flies over crowds as Lai Ching-te speaks to supporters at a rally at the DPP's headquarters on January 13, 2024 in Taipei, Taiwan. It was 1994, less than a decade after the DPP first emerged from Taiwan’s democracy movement against the authoritarian rule of the Kuomintang (KMT). Louise Delmotte/AP‘Chill out’In the lead-up to the election, China made no secret of its desire to prevent a Lai victory. Hours after Lai declared victory, China dismissed the outcome of Taiwan’s elections, saying the DPP “does not represent mainstream public opinion” on the island.

Persons: CNN — Lai Ching, Lai, Taiwan’s, “, ” Lai, we’re, ”, Xi Jinping, ” “, –, Tsai Ing, Lai Ching, Annice Lyn, I’ve, Louise Delmotte, Hou Yu, Beijing’s, Tsai, Xi, Beijing, Hsiao Bi, Hsiao, ” Lai Ching, Ann Wang, ’ Lai, ” Yang Wei Organizations: CNN, Communist Party, Democratic Progressive Party, “, DPP, Kuomintang, KMT, Communist, ih, National Taiwan University, Reuters, Taiwan People’s Party, Taiwan Affairs Office Locations: Taiwan, China, Taiwan Strait, Beijing, Tainan, Taipei, United States, ”

TAIPEI, Taiwan (AP) — Lai Ching-te, Taiwan’s president-elect, has vowed to safeguard the island’s de-facto independence from China and further align it with other democracies. Lai, 64, emerged victorious in the election Saturday on the island of 23 million people that China claims as its own. He is currently vice president with the Democratic Progressive Party, which has rejected China’s sovereignty claims over Taiwan. Lai has vowed to strengthen the island’s defense and economy, which depends heavily on trade with China. As vice president, Lai helped promote Taiwan’s interests internationally.

Persons: — Lai Ching, Lai, ”, Lai Ching, Sung, Joe Biden, Camp David, Antony Blinken, Mike Johnson, ” Lai, Tsai Ing, Bi, Hsiao, Shinzo Abe, ___ Adam Schreck, Seung Min Kim Organizations: Democratic Progressive Party, Atlantic Council, America, White, Camp, Street, Harvard, U.S . Locations: TAIPEI, Taiwan, China, Taiwan Strait, Beijing, New York, San Francisco, Paraguay, U.S, People’s Republic of China, Maryland, Taipei, Ukraine, Tainan, United States, Japan, Bangkok, Washington

Taipei, Taiwan CNN —Taiwan’s ruling Democratic Progressive Party pulled off a historic third consecutive presidential victory on Saturday as voters shrugged off warnings by China that their re-election would increase the risk of conflict. The counting of votes has concluded, with Lai – the candidate of Taiwan’s ruling Democratic Progressive Party (DPP) – receiving just over 40% of the total votes, according to Taiwan’s Central Election Commission (CEC). Taiwan’s opposition Kuomintang (KMT) party candidate Hou Yu-ih garnered 33.49% of the votes, with Taiwan People’s Party (TPP) candidate Ko Wen-je received 26.45%. A spokesperson for China’s Taiwan Affairs Office insisted the election result “does not represent the mainstream view on the island.”“Taiwan is China’s Taiwan. “There’s multiple times that China could cause a fuss over a DPP victory, either now or later this year,” Nachman said.

Persons: Taiwan CNN — Taiwan’s, Lai Ching, ” Lai, “, Hsiao Bi, Lai –, Taiwan’s, –, Hou Yu, Ko Wen, je, Xi Jinping, Xi, Yasuyosh Chiba, Tsai Ing, Lai, Tsai, China’s, ” Xi, Hsiao, ”, Jaw Shaw, kong, Sam Yeh, Biden, Wang, Lev Nachman, ” Nachman, Nachman, hasn’t, they’ve Organizations: Taiwan CNN, Democratic Progressive Party, Commission, Kuomintang, KMT, ih, Taiwan People’s Party, Taiwan Affairs Office, Xinhua, China’s Communist Party, Party, Taiwan, Communist, DPP, Chinese Communist Party, Taiwan’s, Illinois State University, National Chengchi University, China’s Taiwan Affairs, Taiwan “, Analysts Locations: Taipei, Taiwan, China, United States, Beijing, ”, China’s Taiwan, AFP, “, New Taipei City, Washington, Taiwan Strait

☆ Meet the female force who halted a major development project to preserve her working-class neighborhood and make it a leader in clean energy
▼ + stars: | 2024-01-13 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

To that end, Yeampierre helped prevent developer Jamestown Properties, which manages billions of dollars worth of real estate globally, from rezoning her Brooklyn neighborhood, Sunset Park. AdvertisementA new vision for Sunset ParkSituated along the scenic New York Bay in southwestern Brooklyn, Sunset Park is a diverse neighborhood that many working class individuals call home. Climate change has led to consequences like more extreme drought, severe storms, and destructive flooding that can disrupt supply chains for local communities. To help protect Sunset Park from complete chaos in the face of an extreme weather event, UPROSE is focused on growing more food locally. Because when it comes to finding solutions for climate change, "We just don't have any time anymore."

Persons: —, Elizabeth Yeampierre, Yeampierre, Toshi Sasaki, UPROSE, Chris Halfnight, Halfnight, we've Organizations: Service, Business, Big Apple, Latina, Environmental Justice, Council, Climate Justice Youth Summit, Jamestown Properties, Sunset, Urban Green Council Locations: New York, New York City, Jamestown, Brooklyn, Sunset, Boston, Houston

☆ What’s at stake for the global economy as Taiwan goes to the polls
▼ + stars: | 2024-01-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

That pushed Taiwan’s trade surplus with China to an enormous $80.5 billion in 2023. For Taiwan, China has been its favorite investment stop for decades. China imports electronic components or precision machine tools from Taiwan, assembles them and exports the finished products to global markets. China may respond to a DPP victory by putting military and economic pressure on the island, Vest said. In 2022, China retaliated after Pelosi’s visit by banning imports of a range of food products from Taiwan.

Persons: Xi Jinping, Lai Ching, Lai, ”, Charlie Vest, Nancy Pelosi’s, Tsai Ing, Kevin McCarthy, they’re, ” Vest, Mike Kai Chen, Vest, there’s Organizations: Hong Kong CNN, Communist Party, Democratic Progressive Party, US, Taiwan’s Ministry of Economic Affairs, Imports, Hsinchu Science, Bloomberg, Getty, Capital Economics, Taiwan Semiconductor Manufacturing Company, Apple, Foxconn, Analysts, Atlantic Locations: China, Hong Kong, Taiwan, Beijing, Taiwan Strait, California, United States, Europe, Japan, South Korea, “ Taiwan, Hsinchu, Hsinchu Science Park

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ China skeptic Lai Ching-te wins Taiwan's presidential election
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan's President-elect Lai Ching-te (left) gestures beside his running mate Hsiao Bi-khim during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, 2024, after winning the presidential election. The outcome of the presidential election on Saturday riled Beijing, which has repeatedly labeled Lai as a "stubborn worker for Taiwan independence" and a dangerous separatist. Annabelle Chih | Getty Images News | Getty ImagesDPP's Lai — Taiwan's current vice-president — won more than 40% of the popular vote in Taiwan's eighth presidential election. DPP is the first party to win the presidential office three times in row since direct presidential elections were introduced in 1996. This year, 71.9% of all eligible voters cast their ballots for the presidential election, according to preliminary data from Taiwan's Central Election Commission.

Persons: Lai Ching, Hsiao Bi, Yasuyoshi Chiba, Lai, Tsai Ing, Tsai, Annabelle Chih, DPP's Lai, Taiwan's, —, Beijing's, Hou, Ko Wen, Chen Binhua, Chen, Xi Jinping, Antony Blinken, Ko, Wei, Ting Yen Organizations: Democratic Progressive Party, AFP, Getty, TAIPEI, Saturday, Beijing, Chinese Communist Party, DPP, KMT, Chinese Communist Party officials, Democratic Progressive, Kuomintang, Taiwan People's Party, Taiwan's, Taiwan Affairs Office, State Council, CNBC, Franklin, Marshall College, Taiwan's DPP Locations: Taipei, Taiwan, China, U.S, Taiwan Strait, Beijing, Taiwan —, Republic of China, Xinhua, United States

☆ US does not want a new Taiwan leader to 'rock the boat' and change the status quo: Analyst
▼ + stars: | 2024-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUS does not want a new Taiwan leader to 'rock the boat' and change the status quo: AnalystMichael Swaine of the Quincy Institute discusses the 2024 Taiwan elections, and the the importance of revitalizing the mutual understanding between China and the U.S. to ensure peace in the Taiwan strait.

Persons: Michael Swaine Organizations: Quincy Institute Locations: Taiwan, China, U.S

☆ Taiwan has chosen its new president. What’s at stake and how might China respond?
▼ + stars: | 2024-01-12 | by ( Nectar Gan | Wayne Chang | ) edition.cnn.com time to read: +7 min

The world was watching to see not only who won the election, but how democratic Taiwan’s authoritarian neighbor will respond. China’s ruling Communist Party views Taiwan as part of its territory, despite having never controlled it. In an initial response, Chen Binhua, spokesperson for China’s Taiwan Affairs Office said Taiwan’s presidential election result “will not change the basic layout and course of development in cross-strait relations.”“Taiwan is China’s Taiwan,” he said. Taiwan's Vice President and presidential candidate of the ruling Democratic Progressive Party (DPP) Lai Ching-te speaks during a campaign rally in Keelung on January 8, 2024. In August 2022, China staged massive war games around Taiwan to show its displeasure with then-US House Speaker Nancy Pelosi’s visit to Taipei.

Persons: Lai Ching, Xi, China’s, ” Xi, ”, Amanda Hsiao, ” Hsiao, Lai, Chen Binhua, Hwa Cheng, “, Wen, doesn’t, Hsiao, Nancy Pelosi’s, Lai’s, Yuan Organizations: CNN, Democratic Progressive Party, DPP, Party, Taiwan, Communist, International Crisis, Taiwan Affairs Office, Getty, China’s Taiwan Affairs, Atlantic, US Locations: China, Beijing, Taiwan, Taipei, United States, Japan, Keelung, AFP, ” Beijing, “, South, Washington

☆ A $174,000 salary isn't enough for members of Congress. In fact, they should probably give themselves a $100,000 raise.
▼ + stars: | 2024-01-12 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +12 min

With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.

Persons: that's, —, It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, —, Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi

☆ China could take inspiration from Vladimir Putin as it seeks to conquer Taiwan
▼ + stars: | 2024-01-11 | by ( Gregor Schwung | ) www.businessinsider.com time to read: +8 min

Read previewOn the beach of the Taiwanese island of Kinmen, pointed metal rods protrude from the ground and point towards the sea. To test Western resolve, China could first grab one of the offshore islands - just as Putin initially seized Crimea. After all, the only previous hostilities between Taiwan and China took place here - Beijing tried to conquer Kinmen in 1960 and 1970. To take Taiwan, China does not need Kinmen or the other offshore islands as a springboard. Due to its proximity to the mainland, Chinese military activities and any preparations for an invasion can be easily observed from here.

Persons: —, Gregor Schwung, Xi Jinping, Putin, Xi, Sun Tzu, Li Wen, Jing, Li, Vladimir Putin, Yao, Yuan Yeh Organizations: Service, Business, Congress, Kinmen, dicey coastguard, People's Liberation Army, Institute for National Defence and Security Research, Ministry of Defence, WELT, New, Security, Beijing, Communist Party, St Thomas University, Policy Locations: Kinmen, China, Xiamen, Taiwan, Taipei, Pratas, People's Republic, Crimea, Washington, Beijing, Ukraine, Taiwan's, Houston

☆ White House prepares for Taiwan presidential elections and 'period of higher tension'
▼ + stars: | 2024-01-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders' week in Woodside, California, Nov. 15, 2023. A senior Chinese liaison to Taiwan warned recently that Saturday's election would be a choice between "peace and war." Depending on the outcome, they could also trigger an increase in Chinese military activity in and around the island. Taiwan has reported myriad attempts by the Chinese government to influence the election via disinformation campaigns, cyberattacks and economic coercion. These meetings build on President Joe Biden's November one-on-one with Chinese President Xi Jinping in San Francisco, which aimed to end the bitter freeze that has characterized recent U.S.-China relations.

Persons: Joe Biden, Xi Jinping, Biden, Washington, Lai Ching, Hou Yu, Ko Wen, Jon, Joe Biden's, Xi, Taiwan's Organizations: Economic Cooperation, U.S ., Democratic Progressive Party, U.S, ih, Pentagon, National, White House Locations: Asia, Woodside , California, Taiwan, China, Beijing, U.S, United States, Washington, Taipei, San Francisco

☆ Starbucks sued for allegedly using coffee from farms with rights abuses while touting its ‘ethical’ sourcing
▼ + stars: | 2024-01-10 | by ( Kenzi Abou-Sabe | Adiel Kaplan | ) www.cnbc.com time to read: +6 min

A consumer advocacy group is suing Starbucks, the world's largest coffee brand, for false advertising, alleging that it sources coffee and tea from farms with human rights and labor abuses, while touting its commitment to ethical sourcing. "But it's pretty clear that there are significant human rights and labor abuses across Starbucks' supply chain." Practices, in 2004 to oversee its coffee sourcing in more than 30 countries. The verification program holds Starbucks coffee suppliers to more than 200 environmental, labor and quality standards. "I think it is really hard to have an ethical supply chain.

Persons: Sally Greenberg, Greenberg, Genevieve LeBaron, LeBaron Organizations: Starbucks, D.C, National Consumers League, NBC News, Brasil, SCS Global Services, Conservation International, Rainforest Alliance, Hershey, School of Public, Simon Fraser University, United Nations Locations: Washington, Guatemala, Kenya, Brazil

☆ Will air fares remain high in 2024? Here's what experts say
▼ + stars: | 2024-01-08 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +5 min

"After recent rises in fares, we should expect a modest price correction in some markets in 2024, although underlying pricing should generally remain strong," it said. However, Amex GBT's "Air Monitor 2024" is expecting only international airfares to drop in 2024 — notably for flights between North America and Asia. BCD Travel Travel Market Report 2024 OutlookTravelers in the U.S. may see some savings. The travel company Hopper expects fares in the U.S. to drop — at least for the first six months, according to its "2024 Travel Outlook" report. However, IATA also stated that the industry faces considerable challenges, from customer competition and high operating costs to government regulations.

Persons: Amex, —, Hopper, John Grant, Who's, Willie Walsh Organizations: International Air Transport Association, Global, GBT Consulting, FCM, Travel, GBT's Air Locations: Asia, North America, U.S, Europe, Ukraine, Gaza, Pacific, India, China, America, Mexico Africa

☆ Millennials Are Being Forced Out of Cities and Into Suburbs
▼ + stars: | 2024-01-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

Millennial homebuyers aren't just leaving the urban core — they're moving to the farthest reaches of the suburbs. The 'youthification' of cities and far-flung suburbsFor nearly two decades millennials morphed dense, amenity-rich urban neighborhoods across America into exclusive playgrounds for the young and childless. Compared with Gen Xers and baby boomers, a much larger share of millennials moved to cities in their young adulthood — and stayed for longer. The pandemic only steepened a trend that's been ousting millennials from cities for years: rising housing costs in cities. Millennials could help transform suburban sprawl into town-like communities or small cities with more third places and a stronger sense of community, Panova says.

Persons: Jandra Sutton, Sutton, they're, pricey, they'll, Gen Xers, millennials, —, Millennials, — it's, Zers, Allison Levine, Tiffany Stuart, — Stuart, Stuart, Hyojung Lee, Lee, who's, John Natale, Rafay Qamar, didn't, Qamar, We've, Paul Stout, Stout, Tayana, Panova, Levine, Eliza Reman Organizations: bodega, Suburban Jungle, Harvard's, for Housing Studies, Seoul National University, New York City, Suburban, Business Insider's Locations: Tennessee, Nashville, America, San Francisco, Boston, Salt Lake City, Seattle, Austin, Denver, New York City, New Jersey, Flatbush, Wall Township , New Jersey, exurbs, New York, Chicago, Black, walkable, Sutton's

☆ From ‘Barbenheimer’ to Taylor Swift, here are the most important films of 2023 and why they worked
▼ + stars: | 2023-12-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

Hannah Beier | The Washington Post | Getty ImagesCall 2023 an explosive comeback at the box office. Together, those three films contributed more than $1.5 billion to the domestic box office, according to data from Comscore. But in the meantime, here's a look at some of the most important theatrical releases of 2023 — and why they worked. Meanwhile, Disney has seen its animated content lag at the box office in the wake of the pandemic. "His Only Son," a biblical drama released in early 2023, cost $250,000 to make and generated $12.4 million at the box office.

Persons: Barbie, Oppenheimer, Hannah Beier, Mario, Comscore, Greta Gerwig, Christopher Nolan's, J, Robert Oppenheimer, Chris Pratt, Charlie, Luigi, Disney, Kung, Taylor Swift, Michael Jackson's, Buda Mendes, tas23, Swift, Beyoncé, Tim Ballard, Jim Caviezel, Covid, Blumhouse, Cabrini, Saint Francesca Cabrini, Bonhoeffer, Dietrich Bonhoeffer Organizations: Washington Post, Getty, Warner Bros, Mario Bros, Universal, Disney, Pixar, Walt Disney Animation, Swift, AMC, National Football League, Angel Studios, Century Fox, Roman Catholic, Reich Locations: Somerdale , New Jersey, There's, New York, Universal, Hollywood, Colombia

☆ Pacific Islands lash out at COP28 presidency: ‘We weren't in the room’ when deal was announced
▼ + stars: | 2023-12-13 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Anne Rasmussen, the lead negotiator for the Alliance of Small Island States (AOSIS), told the COP28 Presidency in a closing statement: "We are a little confused about what just happened." "It seems that you gavelled the decisions, and the small island developing states were not in the room. Participants attend a presentation at the Moana Blue Pacific pavilion of Pacific islands prior to the opening ceremony of the UNFCCC COP28 Climate Conference at Expo City Dubai on November 30, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty ImagesFor Pacific Island nations, however, and many other island and low-lying coastal states vulnerable to rising sea levels, the deal falls severely short. For the Pacific Islands, climate change poses an existential threat.

Persons: Michael Runkel, Tina Stege, Anne Rasmussen, Sean Gallup, Brianna Fruean, we've, Fruean, weren't, Toeolesulusulu Cedric Schuster Organizations: Getty Images, United Arab Emirates — Representatives, Pacific, United Arab, Marshall, Alliance of Small, States, UAE, Expo City, Getty, Big Oil, Pacific Climate Warriors, CNBC, UNITED, Natural Resources, United Arab Emirates Locations: Ouvea, New Caledonia, Getty Images DUBAI, United Arab, United Arab Emirates, Pacific, Expo City Dubai, Dubai, Paris, DUBAI, EMIRATES, Samoa, States

☆ Millions of Americans will soon be able to turn their roofs into a lucrative side hustle
▼ + stars: | 2023-12-07 | by ( Kartik Menon | ) www.businessinsider.com time to read: +11 min

People on the traditional grid could see lower costs, greater grid reliability, and less volatile energy prices. And the rate of residential installation is booming: A record 700,000 homeowners installed arrays in 2022, according to the trade group Solar Energy Industries Association. Henglein and Steets/GettyAnother option for homeowners is peer-to-peer energy trading. Users buy and sell electricity with any counterparty, whether it's a neighbor or the broader electricity market. There are, of course, concerns about the reliability of solar energy.

Persons: Localvolts, Kartik Menon, Goldman Sachs Organizations: Business Insider's, Solar Energy Industries Association, Solar Investment Tax, US Department of Energy, Goldman Locations: Localvolts, editorial.standards@insider.com, California , Texas, Florida, California, Arcadia, Washington, DC, Australia, Texas

☆ Brazil reinforces border with Venezuela and Guyana over Esequibo tensions
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Dec 5 (Reuters) - Brazil's military is reinforcing its northern border due to rising tensions between its neighbors Venezuela and Guyana over Venezuela's claim to the Esequibo region, the Ministry of Defense said on Tuesday. Venezuela reactivated its claim over the Esequibo in recent years after the discovery of offshore oil and gas. In Sunday's referendum, Venezuelan voters rejected the jurisdiction of the International Court of Justice over their country's territorial dispute with Guyana and supported the creation of a new Venezuelan state in the potentially oil-rich Esequibo region. Brazil did not ask Venezuela to cancel the vote, but President Luiz Inacio Lula da Silva's government is expected to criticize the stepped up Venezuelan campaign for the Esequibo. An international tribunal in Paris in 1899 settled the issue, but Venezuela says the ruling was rigged.

Persons: Gisela Padovan, Nicolas Maduro's, Luiz Inacio Lula da Silva's, Ricardo Brito, Rodrigo Viga Gaier, Anthony Boadle, Bill Berkrot Organizations: Ministry of Defense, Mechanized Cavalry Regiment, Reuters, International Court of Justice, Thomson Locations: BRASILIA, Venezuela, Guyana, Boa Vista, Roraima, Ireland, America, Caribbean, Venezuelan, Brazil, British, Paris, Brasilia, Rio de Janeiro

☆ Gen Z may be on track to kill middle management
▼ + stars: | 2023-12-05 | by ( Lindsay Dodgson | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +12 min

The result may be that Gen Z largely kills off middle management roles for good. AdvertisementIt may even be that Gen Z kills off middle management for good. Success looks different to Gen ZBen Voyer, an ESCP Business School professor and founder of the Gen Z Observatory, told BI that his research showed that "success takes many more different forms" for Gen Z workers. Advertisement"It seems like the employees like to blame the middle managers, and the leadership likes to blame middle managers," she said. AdvertisementKing also agreed that Gen Z rejecting middle management is not because they're work-averse or lazy.

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