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By Farah MasterBEIJING (Reuters) - China's population fell for a second consecutive year in 2023, as a record low birth rate and a wave of COVID-19 deaths when strict lockdowns ended accelerated a downturn that will have profound long-term effects on the economy's growth potential. Japan's birth rate was 6.3 per 1,000 people in 2022, while South Korea's rate was 4.9. Long-term, U.N. experts see China's population shrinking by 109 million by 2050, more than triple the decline of their previous forecast in 2019. POLICY ISSUESChina's 2023 rate of 7.87 deaths per 1,000 people was higher than a rate of 7.37 deaths in 2022. Marriages are a leading indicator for birth rates in China, where most single women cannot access child-raising benefits.
Persons: Farah Master, Mao, Washington ., Xi Jinping, Marius Zaharia, Jamie Freed Organizations: Farah Master BEIJING, National Bureau of Statistics, United Nations, Academy of Sciences Locations: China, Japan, South Korea, South, India, Beijing, Washington, United States, Hong Kong
Americans who've moved to Europe often share the most shocking things about their new environments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Americans living in Europe sometimes report relatively well-known differences as culture shocks, including siesta culture in Spain, where an afternoon nap is customary, and differences in tipping expectations . But there's at least one slightly more unexpected culture shock that many American expats can't stop talking about — hang drying clothes instead of using electric dryers. Some Americans have also filmed themselves navigating a drying rack, which they said they weren't used to using in the US.
Persons: who've, , Ruth Schwartz Cowan, Kirstin Munro, Munro Organizations: Service, Housing Survey, Engineering, European Commission, European, University of Pennsylvania, Household Technology, American Technology, BI, New School for Social Research Locations: Europe, Spain, Italy, American, Germany, Latvian, New York
BNY Mellon Wealth Management's chief investment officer explained why stocks have limited upside. Sinead Colton Grant has hit the ground running in her new role as the chief investment officer at BNY Mellon Wealth Management. What to expect in the economy this yearThe theme of BNY Mellon Wealth Management's 2024 outlook report is "a healthy slowdown." However, Colton Grant acknowledged that there are serious discrepancies between how high- and low-income households experience the economy. 5 top places to invest nowBNY Mellon Wealth Management may be neutral on equities broadly, but it has a bullish overweight rating on US stocks.
Persons: Sinead Colton Grant, BNY, she's, BNY Mellon, Colton Grant, David Kelly, Colton, Kelly, Colton Grant's Organizations: BNY Mellon Wealth, BNY Mellon Wealth Management, BNY Mellon, BNY, JPMorgan Asset Management, Business, Mellon Wealth Management, Federal Reserve, Mellon, Management, Asset Management, BMO Capital Markets Locations: BlackRock, Invesco
He is the founder of Rosenberg Research and the former chief economist at Merrill Lynch — and he called the 2008 recession. Rosenberg ResearchRosenberg's model takes into account stock valuations, investor sentiment, market technicals, investor positioning, and macro fundamentals. Here's The Conference Board's Leading Economic Index, which bundles together manufacturing data, bond and stock market performance, housing market activity, and consumer sentiment data. The economy doesn't jump from a tight labor market to layoffs," Rosenberg said in a note on Friday. Labor market and inflation data in the months ahead will tell the story for the US economy.
Persons: David Rosenberg, Merrill Lynch —, Rosenberg, It's, , Louis, GMO's Jeremy Grantham, Societe Generale's Albert Edwards Organizations: Rosenberg Research, Business, Research, Federal Reserve Bank of St, CNN, National Federation of Independent Businesses, Rosenberg, Societe Generale's, Federal, Labor, CPI
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
WASHINGTON — House and Senate leaders have reached an agreement on a short-term spending deal that would avert a government shutdown in the next few weeks, three sources familiar with the matter told NBC News. The deal would keep the government funded until March, buying legislators more time to craft longer-term, agency-specific spending bills, following the agreement last weekend to set the overall spending level for fiscal year 2024 at $1.59 trillion. Speaker Mike Johnson is set to hold a call with fellow House Republicans at 8 p.m. Sunday to discuss spending negotiations. Several hard-right Republicans have objected to the top-line spending deal he previously cut with Senate Democrats and have urged Johnson to go back on it, though he said Friday that the agreement remains intact. Meanwhile, congressional Democrats praised the top-line spending agreement after it was announced last weekend, even as they acknowledged that a short-term bill would be needed to buy more time to negotiate.
Persons: Mike Johnson, Johnson, pushback, Kevin McCarthy, Chuck Schumer, Hakeem Jeffries Organizations: U.S . Capitol, U.S, Congress, WASHINGTON —, NBC News, Republicans, Democrats, New York Democrats Locations: Washington , U.S, Jan, Louisiana
Andrea Mac is a growth strategist, and her husband has been a stay-at-home dad for seven years. She says one of the worst parts of the arrangement is the tug-of-war between her kids and job. I have four children, ages 19, 14, 7, and 5 — and while I'm the family's breadwinner, my husband has been a stay-at-home dad for the last seven years. That said, being a breadwinner in my marriage while my husband is a stay-at-home dad has pros and cons. These are the five hardest, worst, and most triggering things about being a breadwinner with a stay-at-home husband.
Persons: Andrea Mac, Mac, , He's, she's, I'm, it's, Claudia Goldin's Pulitzer, haven't Organizations: Service Locations: Greater Chicago
But for young adults just starting out, soaring home prices and sky-high rents have become one of the greatest obstacles to making it on their own. Nearly one-third, or 31%, of Generation Z adults live at home with parents because they can't afford to buy or rent their own space, according to a recent report by Intuit Credit Karma that polled 1,249 people age 18 and older. Gen Z is generally defined as those born between 1996 and 2012, including a cohort of teens and tweens. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago. 1 reason families are doubling up, Pew also found, due in part to ballooning student debt and housing costs.
Persons: tweens, Courtney Alev, Pew Organizations: Intuit Credit Karma, Finance, Intuit Credit, Pew Research Center
Buy now, pay later plans gained popularity in 2023 as an alternative to high-interest credit cards. Buy now, pay later use surged recently and those bills are now dueThe use of buy now, pay later plans skyrocketed during the 2023 holiday season. According to Adobe, which tracks online sales, buy now, pay later plans use was up 47% on Black Friday and 43% on Cyber Monday. According to PYMNTS' survey, 39.6% of respondents used buy now, pay later plans for clothing and accessories and 33.7% used them for groceries. Buy now, pay later debt can be advantageous if used correctly.
Persons: , Rather, Peter Cade, PYMNTS, Tim Quinlan, Shannon Seery Grein, Selcuk, Mark Luschini, Janney Montgomery Scott, Maria Bartiromo, Luschini, Warren Buffett, Buffett, I've Organizations: Service, Federal Reserve Bank of Philadelphia, Adobe, Household Economics, Science Research Network, Economic, Anadolu Agency, Getty, Wells, US Locations: Wells Fargo
Costco is known for its deals on bulk items like paper goods and groceries. But it also has a surprising selection of high-priced items, such as luxury jewelry. AdvertisementAny shopper who frequents Costco knows it's a place to stock up on bulk quantities of household items, cleaning supplies, and grocery staples. Members of the wholesale retailer looking to spend some serious cash can also buy an emergency food stash and a Bluetooth-equipped massage chair, among other items. Here are 15 expensive items you might be surprised you can buy at Costco.
Persons: Organizations: Costco, Service
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On December 19, an X user who goes by Dexter shared an image of a retro-looking desktop that many millennials likely grew up with. "There was a time when we respected the computer," they wrote alongside the image. Many said they missed the days when they weren't constantly logged in and connected to the online world 24/7. And if you're still unconvinced, here's a reminder of the realities of the internet of yesteryear:
Persons: , Dexter, seJcPZV8RW — Dexter, @planet_nerf, they'd, Forrester, @somefrogs.co, Z Organizations: Service, Business, MSN, Durham University, Facebook Locations: Canada
The settlement dates to the Stone Age, a time researchers once considered too unsophisticated for such structures. Originally, archaeologists believed similar settlements were only about 3,000 years old, Archaeology magazine reported. The Neolithic settlement is one of the oldest known fortified structures in the world and was constructed hundreds of years earlier than most other similar structures. Researchers long considered more mobile hunter-gatherers incapable of building such sophisticated structures. "The discovery challenges stereotypes of such societies as simple and mobile, revealing their ability to create sophisticated structures," Schreiber told Newsweek .
Persons: , Tanja Schreiber, Schreiber, Ekaterina Dubovtseva Organizations: Service, Business, Newsweek Locations: Siberia, Turkey, Europe
AdvertisementSatellite images show mass destruction to Japan's west coast and inner cities after a series of powerful earthquakes hit the country on Monday. Satellite image ©2024 Maxar TechnologiesMasuhiro Izumiya, the mayor of the town of Suzu, near the quake's epicenter, said 90% of houses might have been destroyed, Reuters reported. Satellite image ©2024 Maxar Technologies. AdvertisementA road destroyed by the earthquake and another giant fissure shown in a satellite image. The event is being compared to Japan's 2011 9.0 magnitude earthquake.
Persons: , Agency's Organizations: Service, Japan Meteorological Agency, JMA, NHK, Rescue, Reuters, Suzu, Technologies, BBC, Japan Aerospace, Locations: Japan, Ukai, Wajima, Kanazawa ., Suzu, Suzu City, Turkey, Syria, Morocco, Afghanistan
However, credit card balances are especially worrisome because they are going to keep getting worse. That means the average American could be spending $1,140 every year on credit card interest and fees alone. Americans have been accruing a lot of credit card debt at a terrible timeAccording to the Federal Reserve Bank of New York, Americans had nearly $1.1 trillion in credit card debt in the third quarter of this year. Credit card interest rates, which had already been at their highest level since the mid-1990s, started soaring even higher. But with credit card debt going through the roof, the blissful spending could come to a screeching halt.
Persons: couldn't, , Gary Coronado, LendingTree, Ted Rossman, Biden Organizations: Service, SoFi Bank, Federal Reserve, Federal Reserve Bank of New, Federal Reserve Board, Fed, New York, New York Fed, Consumer Financial, CNN, Household Economics Locations: WalletHub, Federal Reserve Bank of New York, delinquencies
Speaker Mike Johnson is fretting about the growing rate of LGBTQ identification among young people. He lamented that high school students increasingly identify as "something other than straight." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a fundraising email sent on Sunday, House Speaker Mike Johnson lamented that growing numbers of young people are identifying as LGBTQ. "1 in 4 high school students identifies as something other than straight," Johnson declared in the email, a copy of which was first obtained by Punchbowl News.
Persons: Mike Johnson, , Johnson, it's, Sean Hannity, Charles Moran, he's, Moran, we've Organizations: Service, Punchbowl News, Centers for Disease Control, National Republican Campaign Committee, Republicans, Fox News, Republican
JAKARTA, Dec 3 (Reuters) - One person died and 11 were missing after flash floods hit near Lake Toba in Indonesia's North Sumatra province, the country's disasters agency BNPB said, with scores of people evacuated and rescue efforts underway. Heavy rain followed by flash floods on Friday evening hit the region located on the shores of the lake, damaging dozens of houses, a church, a school and a hotel, BNPB said in a statement on late Saturday. Lake Toba, the world's biggest volcanic lake, is a popular tourist destination for Indonesians and international visitors. The flash floods dragged large stones, trees and mud down hillsides, leaving some houses buried to the roof, pictures from the agency showed. Around 350 people using heavy equipment were carrying out search and rescue efforts, while about 200 people had been evacuated, the agency said.
Persons: BNPB, Bernadette Christina, Lincoln Organizations: Thomson Locations: JAKARTA, Lake Toba, Indonesia's North Sumatra, Lake
Rep. Don Beyer, D-Va. Bill Clark | CQ-Roll Call, Inc. | Getty ImagesWASHINGTON — Don Beyer isn't the average student at George Mason University. So he enrolled, starting with the prerequisite classes that will ultimately lead him to a master's degree in machine learning. Beyer is part of almost every group of House lawmakers working on AI. He was also a member of former Speaker Kevin McCarthy's working group on AI, which could be resurrected under Speaker Mike Johnson. Obernolte, who has a masters degree in artificial intelligence, said there's no shortage of smart lawmakers on AI, including Beyer.
Persons: Don Beyer, Bill Clark, Getty Images WASHINGTON — Don Beyer isn't, Beyer, Kevin McCarthy's, Mike Johnson, he's, Sam Altman, Jay Obernolte, Johnson, Obernolte, Don Organizations: CQ, Inc, Getty Images WASHINGTON, George Mason University, He's, The, The Virginia Democrat, CNBC, Congressional Artificial Intelligence Caucus, The New Democrat Coalition Locations: The Virginia
Richard Stephen | Istock | Getty ImagesWhen Joyce Debnam's husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. That life change prompted Debnam's Social Security benefits to be cut to just $174 a month. Moreover, the Social Security Administration notified her she had to return $5,000 in benefits she had been overpaid. Debnam is one of millions of workers who is affected by Social Security rules related to public workers and reductions in the benefits they are eligible to receive. "We recommend that people review their Social Security Statement at least once every year, which includes important information about WEP and GPO," a Social Security spokeswoman said in a statement.
Persons: Richard Stephen, Istock, Joyce Debnam's, Debnam, Mike Carey R, Mike Carey, Carey, Mark Warshawsky, Warshawsky Organizations: Social, United States Postal Service, Debnam's Social, Social Security Administration, Social Security, Congressional Research Service, GPO, Security, American Postal Workers Union, American Enterprise Institute Locations: Debnam, Suitland , Maryland, Ohio, Baton Rouge , Louisiana
George Santos Is Expelled From Congress
  + stars: | 2023-12-01 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
George Santos Is Expelled From CongressA majority of House members voted Friday to expel George Santos (R., N.Y.) from the House of Representatives. Santos faces federal fraud charges and is expected to go on trial in September 2024. Photo: Al Drago/Bloomberg News
Persons: George Santos, Santos, Al Drago Organizations: Representatives, Bloomberg Locations: N.Y
A majority of House members voted Friday to expel George Santos (R., N.Y.) from the House of Representatives. Photo: Al Drago/Bloomberg NewsWASHINGTON—The House voted Friday to expel embattled Rep. George Santos over allegations the New York Republican stole money from his own campaign and committed other misdeeds, in only the sixth expulsion from the chamber and the first of a member who wasn’t a convicted felon or a member of the Confederacy. Lawmakers voted 311 to 114 to remove him, above the two-thirds House supermajority required by the Constitution. While almost all Democrats and many Republicans supported the move to expel Santos, more than half of GOP lawmakers—including Speaker Mike Johnson (R., La.) and other members of party leadership—said he shouldn’t be expelled before his criminal case had been resolved as it would set a bad precedent.
Persons: George Santos, Al Drago, wasn’t, Santos, Mike Johnson, , shouldn’t Organizations: Bloomberg News WASHINGTON, New York Republican, Confederacy, Republicans Locations: N.Y
One group, however, continues to spend on X promotions: political campaigns. AdvertisementAccounting for political ads promoting the accounts of political and other cause-based groups, X has brought in more than $4.5 million. According to the data, groups have spent just over $900,000 promoting Democratic accounts compared to the approximately $840,000 on Republican ones. AdvertisementFor example, more than $330,000 has been spent promoting GOP presidential candidate and Florida Gov. Democrats tend to spend more and spend earlier on digital, according to a Democratic campaign strategist.
Persons: Elon Musk, , it's, Musk, he's, they've, Ron DeSantis, Biden, Montana Sen, Jon Tester who's, Ruben Gallego, who'll, Sen, Kyrsten Sinema, Kari Lake, Linda Yaccarino, Adam Schiff, Katie Porter, Dianne Feinstein, Schiff, Porter, Dan Goldman, Goldman, Porter's Organizations: Service, Elon, Twitter, New York Times, Business, Democratic, Republican, Florida Gov, Arizona Rep, House Democrats, X, Politico, Hamas Locations: Montana, Israel
REUTERS/Ibraheem Abu Mustafa/File Photo Acquire Licensing RightsTEL AVIV, Dec 1 (Reuters) - Israelis interviewed on Tel Aviv's streets backed their army's resumption of fighting in the Gaza Strip on Friday, acknowledging the dangers but blaming Hamas for the collapse of a week-long truce. "We still have 156 hostages in Gaza, still have babies there ... We don't want this war, but we have to," he said. "I hope Hamas will be clever enough to keep the hostages safe and also the innocent citizens of Gaza, that they will be safe also," she said. And I don't believe Hamas will give up all the hostages because they use it as a human shield. "So if they give up all of them, they won't have anything to stand up against Israel because Israel has a much stronger army than Hamas does.
Persons: Abu Mustafa, it's, Dvir Feller, Yael Segal, I'm, doesn't, Segal, Lior Feuer, Tania Rubinshtein, Nathan Frandino, Howard Goller, William Maclean Organizations: REUTERS, Thomson Locations: Israel, Gaza, TEL AVIV, Tel
The details below have been compiled from comments by freed hostages to their families, their carers and sometimes to reporters. Under the terms of the deal between Israel and Hamas, most of those released are women, children and foreign workers. Ruth Munder, a released Israeli hostage, walks with an Israeli soldier shortly after her arrival in Israel on November 24. Emily Hand told her father that they always had breakfast and sometimes lunch or an evening meal. Emily Hand said she was not hit and her father said he believed harsh voices were enough to make her do what was wanted.
Persons: , It’s, Adina Moshe, Eyal Nouri, , ” Moshe, Nouri, keener, ” Nouri, Yocheved, Emily, Thomas Hand, Hand, “ It’s, , Hila Rotem, Raaya Rotem, ” Hand, “ She’d, Hila, bedclothes, Ruth Munder, Eitan Yahalomi, Deborah Cohen, Omer Lubaton Granot, ” Granot, Lifshitz, Grandmother Ruth Munder, Israel’s vise, ” Munder, ” Adina Moshe, Emily Hand, she’s, Uthai Saengnuan, Eitan, Yair Rotem, it’s, Yar Rotem, ” Chumpron Jirachart, Manee Jirachart, I’ve, Elma Avraham, Hagai Levine, ” Eitan Yahalomi, Efrat Bron, Harlev, ” Bron, ” Israel, CNN’s Rachel Clarke, Joseph Ataman, Wolf Blitzer, Kate Bolduan, Bianna Golodryga, Jessie Gretener, Poppy Harlow, Jacqueline Howard, Lauren Izso, Ed Lavandera, Phil Mattingly, Kocha OIarn, Clarissa Ward Organizations: CNN, Rotem, United Nations ’ Office, Humanitarian Affairs, BFMTV, Israel’s, UN, Sourasky Medical, Israeli Defense Forces, Schneider Children’s Medical Center of Israel Locations: Israel, Palestinian, Gaza, Tel Aviv, Atlanta
She shared five red flags for people to look out for when moving into a new property. DaSilva said common red flags were water damage and mold, while missing caulk is often overlooked. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Failing to see red flags when you're viewing a property to buy or rent might set you up for financial, mental, and physical stress. Water damage and moldThe first and most common red flags are water damage and mold.
Persons: Lina DaSilva, DaSilva, , cleanings, I've, Caulk, I'm, it's, It's Organizations: Service Locations: Toronto
See Personal Finance Insider's roundup of the best tax software >>How does New York tax income? Nonresidents and part-year residents may have a New York income tax liability depending on their living situation and how much they earn. New York income tax ratesIf your New York adjusted gross income was less than $107,650, the tables below would be used to calculate your state tax liability for 2022. New York state tax rates FAQsWhat is the New York state income tax rate for 2023? What are the New York state tax brackets for 2023?
Persons: , Zaher Dehni, Eric Bronnenkant, Dehni Organizations: Service, Finance, state's Department of Taxation, New, Department of Taxation, Tax Foundation, New York, Excelsior Jobs, Tax Locations: New York, California, New, York, , New York, New York City, Yonkers, Nonresidents, Chevron
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