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Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at SoFi Stadium on August 09, 2023 in Inglewood, California. At the core of the increasingly common accusation of price gouging is the sense that the consumer is being exploited. Price gouging is in the eye of the bidderGavin Roberts, chair of Weber State University’s economics department and who studies the effect of anti-price gouging laws, said the laws themselves often don’t define what price gouging is. Corporations charging as much as they can, as painful as it may be for consumers, doesn’t mean they’re necessarily price gouging, said Roberts. Steven Suranovic, an economics professor at George Washington University who has also published research on price gouging, sees it differently.
Persons: Emily Miller lucked, Taylor, Miller, Swift, ” Miller, Taylor Swift, Kevin Winter, it’s, , Joe Biden — can’t, we’re, Gavin Roberts, Biden, , Biden hasn’t, ” Biden, Roberts, Steven Suranovic, Martin Shkreli, Shkreli, Price, Trent Sprague, Lyft, Uber, Travis Kalanick, It’s, ” Suranovic, Rafi Mohammed, Stefani Reynolds, Teresa Murray Organizations: New, New York CNN, CNN, Rights, Weber State, Corporations, George Washington University, Turing Pharmaceuticals, LinkedIn, O'Hare International, Chicago Tribune, Tribune, Service, Consumer, Culture, Profit, Getty Locations: New York, Pittsburgh, Cleveland, Inglewood , California, Chicago, New York City, Washington ,, AFP, US
Poland to spend around $2.5 billion on securing eastern border
  + stars: | 2024-05-18 | by ( ) www.cnbc.com   time to read: +2 min
Donald Tusk, Prime Minister of Poland, speaks during a press conference where Polish PM announces resignation of four ministers and nominees for the future positions in Chancellery of Polish Prime Minister in Warsaw, Poland on MAy 10, 2024. Poland will invest 10 billion zlotys ($2.55 billion) in a program to secure its eastern border, the prime minister said on Saturday, in a bid to bolster its defenses against what it says is a rising threat from Russia and Belarus. "We have decided to invest 10 billion zlotys in our security, and above all in a secure eastern border," Prime Minister Donald Tusk told a news conference. "We are starting a major project to build a secure border, including a system of fortifications as well as landscaping and environmental decisions that will make this border impossible to pass for a potential enemy." Tusk had announced plans to strengthen the eastern border earlier in May, but without giving details.
Persons: Donald Tusk, Tusk Organizations: Polish, European Union, Minsk, European Investment Bank, Sky Locations: Poland, Warsaw, Russia, Belarus, Poland's, Minsk, Russian, Europe, Ukraine, Moscow, Belarusian, Germany
But Nkenge's dream became a reality when she was selected for a one-bedroom apartment through the city's housing lottery in 2023. The New York City housing lottery program helps residents find affordable housing, including rent-stabilized apartments. The Department of Housing Preservation and Development defines affordable housing as housing costs no greater than 30 percent of a single person's or family's income. Nkenge applied to the NYC housing lottery for three years before she got her one-bedroom apartment in Flatiron. Before winning her housing lottery apartment, Nkenge lived in a small one-bedroom in Harlem.
Persons: Nkenge, Mickey Todiwala, That's, I've, It's Organizations: New, of Housing Preservation, Development, CNBC, Housing, Department of HPD's Locations: New Yorker, Bronx, Harlem, New York City, Flatiron, Brooklyn, Manhattan, Nkenge's
Our money was worth more back then, so we got more value for our Canadian dollar when we went shopping in the States. She was an American living in Atlanta and said, "Hey, why don't you come and spend the winter with me?" It almost seemed like Canada was 10 or 20 years behind, progressive-wise — and I don't mean politically. The amenities, the shopping, the food, and the restaurants in Canada are way behind if you're outside Vancouver or Toronto. I don't see why Canada is so appealing to AmericansCanada used to be an admired country worldwide, and now it's horrible.
Persons: , Jim D, Zeppelin, Mason, Dixon, I've, I'm Organizations: Service, Business, Fort Frances, Gas, Toyota, Healthcare, Ontario Health Insurance Locations: Canadian, Arizona, Flagstaff, Phoenix, Fort Frances , Ontario, International Falls , Minnesota, America, Fort, Minnesota, Africa, Tanzania, Canada, American, Atlanta, Vancouver, Toronto, Birmingham , Alabama, New Orleans, Baton Rouge , Louisiana, Jackson , Mississippi, Houston, Texas , New Mexico , Arizona , California, Hawaii, Ontario, United States, In Ontario, Fort Frances, Thunder Bay , Ontario, Thunder, Thunder Bay
“You just feel terrible,” said Vanessa Hlavacka, a counselor for multilingual students at La Follette High School. High school ramps up supportOnce the issues with this year’s FAFSA became apparent, La Follette High School ramped up support services for families of college-bound seniors. Some La Follette students from mixed-status families have had success since then submitting the FAFSA, but others are still having problems. Students at La Follette are behind the national trend, but they have had more success filing the FAFSA in recent weeks. It’s a glitch that several other La Follette students have experienced.
Persons: Robert M, , , Vanessa Hlavacka, Annie Hank Braga, La, Hank Braga, FAFSA, ” Hank Braga, it’s, Biden, ” Hlavacka Organizations: Washington CNN, La Follette High School, Federal Student Aid, , Follette, Racing, La Follette, Opportunity, Department of Education, of Education, Republican, Democratic, National College Locations: Madison , Wisconsin, La,
CNN —Ariff Hassan arrived at the wedding under strict instructions: “Stay away from the bridesmaid.”It was August 2018. “Listen,” said Ariff’s friend. But Ariff’s friend’s warning was ringing round his head. Because Liliya was – of course, inevitably – the bridesmaid Ariff had been warned to stay away from. Ariff Hassan and Liliya DauletaliyevaLiliya and Ariff Kazakhstan wedding celebration incorporated a number of Kazakh traditions.
Persons: CNN — Ariff Hassan, , Ariff, They’d, “ I’d, ‘ I’ve, , Ariff’s, , Liliya Dauletaliyeva, Lili, Liliya, ” Ariff, Ariff Hassan, She’d, she’d, fiancé, who’d, ” Liliya, He’d, “ I’m, , ’ ”, he’d “, ’ ” Ariff, ’ ” Liliya, – she’d, he’d, , that’s, they’re, hadn’t, Ariff shrugged, – Ariff, he’s, you’ve, “ It’s Organizations: CNN, Kazakhstan –, Kuala Lumpur –, CNN Travel, Facebook, Liliya, Malaysian, University of Oxford, Oxford Locations: Singapore, Kazakhstan, Malaysia, Kuala Lumpur, Kazakhstan’s, Almaty, Uzbekistan, Turkmenistan, Liliya, Kazakh, Astana, Iceland, Cappadocia, Turkey, Bangkok, London, , Angkor Wat, Cambodia
I live in Singapore and lecture in the creative writing and publishing graduate program at Nanyang Technological University, but have also taught at the high school, undergraduate, and community college levels. In 2007, my now-ex-wife (a Singaporean citizen) and I decided to move to Singapore from the US. For the most part, I enjoyed my classes, as well as my extra-curriculars, which in high school consisted of marching band, French club, and physics club. It's possible that, in the 30 years since graduating from high school, my memories have become rose-colored, but I do remember feeling like I had a good balance between my school life and my personal life. The author gets concerned about the amount of pressure put on his daughter by teachers.
Persons: Jason Erik Lundberg Organizations: Service, Nanyang Technological University, Business, Straits Times, Ministry of Education Locations: Singapore, Oklahoma, North Carolina
An employment verification letter American Airlines gives to some newly hired flight attendants documenting their salary has been circulating on Reddit, drawing attention to their low wages. The union says that flight attendants’ low salaries compared to top airline executives is a prime example of “corporate greed.”New flight attendants at American Airlines start at $27,000 per year. Robert Isom, the CEO of American Airlines, earned $31.4 million last year — 1,162 times more than a new attendant. American Airlines flight attendants have not gotten a raise since 2019, and the union is escalating its push for a new contract to raise wages. Flight attendants for United Airlines, Alaska Airlines and other carriers are also pushing for new contracts to raise wages.
Persons: haven’t, , , Robert Isom, Paul Hartshorn, APFA, Joe Biden, ” Hartshorn, Organizations: New, New York CNN, American Airlines, Association of Professional, Nutrition Assistance, SNAP, CNN, United Airlines, Alaska Airlines, Bureau of Labor Statistics, Railway Labor, Board, Airlines, “ Management, Southwest Airlines Locations: New York, Massachusetts
BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the National Bureau of Statistics said. That was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March. But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase. Statistics bureau spokeswoman Liu Aihua pointed out that last year, the multi-day May 1 Labor Day holiday had included two days in April.
Persons: Liu Aihua, Liu Organizations: National Bureau of Statistics, China's Ministry of Commerce, Labor, Statistics, Oxford Locations: Huai'an, China, BEIJING — China
New York CNN —Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun at the company’s annual general meeting on Friday. That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6 million he received for 2022. The vast majority of the bump comes from a giant stock bonus granted on top of his more-than-a-million-dollar salary. Calhoun, who has led Boeing since 2020, announced in March that he will leave the company by the end of the year. The shareholder vote on Friday was made to approve Calhoun’s 2023 pay package.
Persons: Dave Calhoun, Calhoun, Max, , Steve Mollenkopf, “ It’s, , Mollenkopf Organizations: New, New York CNN —, Boeing, Alaska Airlines Locations: New York,
The sale comes after GameStop shares surged earlier this week in a brief revival of the meme-stock trade. Reddit — The social media stock popped 12% after Reddit announced a partnership with OpenAI. Take-Two Interactive — Shares of the video game publisher were up about 1% after its quarterly report showed stronger-than-expected bookings. Revenue guidance of $3.1 billion to $3.15 billion was also softer than the $3.3 billion expected by Wall Street. JD.com — The Chinese e-commerce stock advanced 2.2% on the heels of a Macquarie upgrade to outperform from neutral.
Persons: Reddit, OpenAI, Doximity, Globant, DXC, Tilray, Coinbase, JD.com, Macquarie, Jefferies, Yun Li, Jesse Pound, Samantha Subin, Hakyung Kim Organizations: GameStop, OpenAI, Reuters, Microsoft, Nvidia, Bloomberg Law, Globant SA, Technology, FactSet, Wall, Bank of America, Macquarie, DuPont de Nemours, Jefferies
China announced "historic" steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. These and other measures announced Friday marked Beijing's latest efforts to address issues in the massive real estate sector. The real estate companies can then use funds earned from those sales to complete construction on other apartments, the central bank said. Pre-sold, unfinished homesFor years, many apartments in China tended to be sold before construction was finished. Nomura estimated last year there were around 20 million such pre-sold, unfinished apartments in China.
Persons: Zhu Ning, Tao Ling, Xiao Yuanqi, Larry Hu, Dong Jianguo, Lifeng, Zhu, Nomura Organizations: China, Nurphoto, Getty, Tsinghua University, People's Bank of China, National Financial Regulatory, Macquarie, CNBC, of Housing, Housing, Future Publishing Locations: BEIJING, Wanxiang City, Huai'an City, East China's Jiangsu, China
Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.
Persons: Lifeng, Tao Ling, Larry Hu, , Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow breaks through 40,000 barrierThe Dow Jones Industrial Average briefly passed the 40,000 mark for the first time before ending lower. The S&P 500 and Nasdaq also hit record highs but ended the session in negative territory. The Dow has climbed nearly 6% in 2024, while the Nasdaq and S&P 500 are up 11% each. [PRO] New S&P 500 targetsWall Street's recent record highs have prompted market analysts to revise their S&P 500 year-end price targets.
Persons: Dow, John David Rainey, We've, Armour, Armour's, Kleiner Perkins, Bob Pisani Organizations: CNBC, Dow Jones Industrial, Nasdaq, Walmart, GameStop, AMC Locations: North America, Sequoia
CNN —The target date for the highly anticipated inaugural crewed mission of Boeing’s Starliner spacecraft has moved yet again. The update comes just days after Starliner teams reported a small helium leak in the service module of the spacecraft. Boeing designed the Starliner to rival SpaceX’s prolific Crew Dragon capsule and expand US options for ferrying astronauts to the space station. Meanwhile, Boeing’s rival under NASA’s commercial crew program — SpaceX — has become the go-to transportation provider for the space agency’s astronauts. Williams and Wilmore were already in their seats aboard the Starliner capsule May 6 when engineers found an issue and halted the launch.
Persons: Starliner’s, Suni Williams, Butch Wilmore, Williams, Wilmore, NASA’s, Bill Nelson, , , SpaceX —, CNN’s Jackie Wattles, Ashley Strickland Organizations: CNN, NASA, Boeing, Atlas V, NASA’s Kennedy Space Center, International Space, Mercury, Gemini, Apollo, SpaceX, United Launch Alliance, V Locations: Houston, Florida, United States
There is no greater success story on Broadway than “The Lion King.” It is reliably among the top-grossing stage shows in New York, where it has brought in nearly $2 billion over its 26-year run; its global total is five times that amount. The musical’s producer is the theatrical division of the Walt Disney Company, an entertainment industry behemoth that earned $89 billion in revenue during its last fiscal year. And yet, the show was one of roughly four dozen productions that have received millions of dollars in assistance from New York State under a program designed to help a pandemic-hobbled theater industry in New York City. Over the three years since the program was established, New York State has bestowed over $100 million on commercial Broadway productions.
Organizations: Walt Disney Company, New York, New York State Locations: New York, New, New York State, New York City
CNN —Boeing whistleblower John Barnett died by suicide, according to a police report released on Friday, bringing to end an investigation of the shocking death of a longtime employee who raised concerns about the airplane manufacturer’s safety and production standards – and who sued the company, claiming Boeing illegally retaliated against him. Barnett, 62, was found dead in a vehicle on March 9 from a self-inflicted gunshot wound in Charleston, South Carolina. The investigation found that Barnett was shot in the head at close range and the weapon was found in his right hand. “As a quality manager at Boeing, you’re the last line of defense before a defect makes it out to the flying public,” Barnett told the Times. That led the US Justice Department to announce this week that Boeing could face criminal prosecution for its history of safety problems.
Persons: John Barnett, Barnett, Robert Turkewitz, Brian Knowles, Barnett’s, , ” Barnett, I’d, Brad Zaback, ” Zaback, Max Organizations: CNN — Boeing, Boeing, Charleston Police Department, Coroner’s Office, Police, CNN, New York Times, Times, US Justice Department Locations: Charleston , South Carolina, Charleston
New York City once sold a promise of free prekindergarten for all as an unusual benefit designed to make it far easier to raise children in this expensive city. So as families worried over whether their 3-year-olds would have spots this fall, Mayor Eric Adams pledged last month that everyone would have “access” to a seat. Every 4-year-old in New York is guaranteed a free preschool seat, and 3-year-olds were next in line for a universal program. On Thursday, about 2,500 children did not receive a prekindergarten offer, leaving their parents in limbo. Many are still on huge waiting lists and scrambling to rethink their finances and future in the city.
Persons: Eric Adams, Adams Organizations: Education Department Locations: York City, New York
Two years into President Biden’s term, his aides began negotiating with Saudi leaders to have the kingdom establish diplomatic relations with Israel. But when the Israel-Hamas war began last October, the talks withered. American and Saudi officials have tried to revive prospects for a deal by demanding more from Israel — a cease-fire in Gaza and irreversible steps toward the founding of a Palestinian nation. Now those officials say they are close to a final agreement on the main elements of what the Saudis want from the deal: a U.S.-Saudi mutual defense pact and cooperation on a civilian nuclear program in the kingdom. And Jake Sullivan, the White House national security adviser, is expected to follow up when he goes to Saudi Arabia and Israel this weekend.
Persons: Biden’s, Israel —, Antony J, Blinken, Prince Mohammed bin Salman, Jake Sullivan Organizations: Saudi, Hamas, State Department, White House Locations: Israel, Gaza, Palestinian, U.S, Saudi, Riyadh, Saudi Arabia
Fewer women apply for 6-figure positionsAccording to iCIMS's analysis, women have made up 41% to 44% of applicants for six-figure jobs across Asia, Europe, the Middle East, South America, and the US since 2020. In other words, though they constitute less than half of applications for six-figure jobs, they are often hired for more than half of those jobs. "The fact that they are applying for these six-figure jobs does not imply that the gender pay gap is narrowing," says Njuki. "This would require a comparison between the women in those six-figure jobs and the men in those six-figure jobs." "A big reason for the gender pay gap is not enough women in the higher-paid managerial and leadership positions.
Persons: , Hewlett Packard, Jemimah Njuki, Yana Rodgers, Rodgers, Njuki, It's Organizations: Service, Business, Vanguard, Hewlett, UN, Center for Women, Rutgers University, McKinsey Locations: Asia, Europe, East, South America, United States
There were no women flying, there were no female airline pilots. A historic moment, kept secretRippelmeyer and Captain Emilie Jones before a flight with Air Illinois, where they became the first all-female crew of a scheduled flight in the United States. So that’s what we did.”It was December 30, 1977, and that was the first scheduled flight in the United States with an all-female crew – but it was kept a secret. At least, “since nobody died,” Lippenmeyer says, the two were no longer intentionally kept apart and flew together many more times. “My first 747 flight was to London and then my last 787 flight was to London,” she says.
Persons: CNN — Lynn Rippelmeyer’s, , , Rippelmeyer, Bonnie Tiburzi, Emily Warner, Frontier –, Emilie Jones, Lynn Rippelmeyer Rippelmeyer’s, — Emilie, ” Rippelmeyer, ” Lippenmeyer, Lynn Rippelmeyer, Ozark Air Lines —, Carl Hirschberg, we’d, that’s, doesn’t, ” “, I’m, furloughed, wasn’t, didn’t, ” – Organizations: CNN, TWA, Boeing, Piper, American Airlines, Frontier, Air Illinois, Air, Airlines, Ozark Air Lines, World Airlines, TWA –, People Express, People, London Gatwick, Continental, Central America, United Airlines, Continental Airlines, Aviation Locations: Mississippi, Vermont, United States, Miami, Air Illinois, Air, JFK, , Newark, London, Polynesia, California, Texas, Houston, Tegucigalpa, Honduras, Central
Whitaker would go on to earn the nickname “Snakeman of India,” and spend more than six decades dedicated to reptile research and conservation. His field work with snakes and crocodiles ultimately led his conservation efforts to help save India’s rainforests. We tell people when they’re working in the field, when they’re doing agriculture, use a stick. Romulus Whitaker teaches the next generation about reptiles at his conservation organization, Agumbe Rainforest Research Station, in southern India. And it’s wonderful to realize that dozens, if not hundreds, of young people have continued to do wonderful work with reptiles.
Persons: Romulus Whitaker, , Whitaker, Doris Norden Whitaker, Rama Chattopadhyay, Bill Haast, Heyward Clamp Whitaker, I’ve, cobras, we’ve, Arun Sankar, there’s, Cedric Bregnard, You’re Organizations: CNN, Miami Serpentarium, Miami, cobras, Cooperative, Getty Images CNN, Global Health Research, University of Toronto, Research, Cedric Bregnard CNN Locations: America, India, cobras, Mysore, Hoosick , New York, New York, Bombay, Western Ghats, Madras, South India, An, Chennai
As the world’s coral reefs suffer a fourth global bleaching event, heat stress in the Caribbean is accumulating even earlier than it did in 2023, the previous record year for the region, according to data made public on Thursday by the National Oceanic and Atmospheric Administration. “I hate that I have to keep using that word ‘unprecedented,’” said Derek Manzello, coordinator of the agency’s Coral Reef Watch Program. Officials said conditions were quickly changing to a neutral state, with a cooler La Niña forecast for this summer or fall. But right now, temperatures in the Caribbean off Panama, Costa Rica, Nicaragua and Colombia are hitting levels that previously haven’t been seen until weeks later, an ominous signal after the heat that ravaged reefs across the region last year. A study of the reefs off Huatulco in Oaxaca, Mexico, found coral mortality ranging from 50 percent to 93 percent, depending on the reef area.
Persons: , ’ ”, Derek Manzello, El Organizations: National Oceanic, Atmospheric Administration, Reef Watch Locations: Caribbean, Panama, Costa Rica, Nicaragua, Colombia, Oaxaca, Mexico
On May 9, the Miss USA organization announced that Gankiewicz would become Miss USA following Voigt's resignation. She also told the outlet she's only had positive experiences with both Miss Hawaii USA and Miss USA. AdvertisementThe Miss Teen USA first runner-up didn't accept her crownTwo days after Voigt gave up her title, Miss Teen USA UmaSofia Srivastava also resigned. Miss USA Noelia Voigt and Miss Teen USA UmaSofia Srivastava both resigned. Chance Yeh/Getty Images for Supermodels UnlimitedHer crown was offered to Stephanie Skinner, the first runner-up in the Miss Teen USA pageant and Miss Teen New Jersey for 2023.
Persons: , Gankiewicz, Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Voigt, Josh Green, Miss USA, It's, They've, didn't, Chance Yeh, Stephanie Skinner, Skinner, Claudia Michelle, Colorado Arianna Lemus, BI's Anneta Konstantinides, Srivastava, NDAs, Jackeline Voigt, Barbara Srivastava, Miss USA's, Laylah Rose Organizations: Service, Miss USA, Miss Hawaii, Miss Teen USA, Business, Miss, CNN, Miss Hawaii USA, Teen USA, Miss Teen Locations: Miss USA, Hawaii, Honolulu, Miss Teen New Jersey, Instagram
If you're thinking about early retirement but don't have a stash of cash, one option is to tap into your retirement fund. Under certain conditions, the Internal Revenue Service will allow withdrawals from an IRA or employer-sponsored retirement account before the retirement age without penalty for certain reasons. Before tapping a 72(t)Related storiesBlackston advises his clients to seek alternative options before resorting to Rule 72(t). But you can only tap into it through your current employer-sponsored retirement account, and your employer's program must allow for it. The upside is that it doesn't drain your retirement account and could last longer.
Persons: you'll, Drew Blackston, There's, SEPP, you've, Blackston, Tapping, it's, It'll Organizations: Pearl Wealth Group, Internal, Service, IRS
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