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The sole breadwinner of a family of five is about 8 million baht ($236,000) in debt and has no cash savings. In February, it said that household debt levels should be brought down from 86.9% of GDP at the end of 2022 to below 80% to help reduce financial risks. Political parties' extravagant election promises could increase the macro-economic risks posed by debt, analysts say. "There was no warning," said Achin Chunglog, president of a nationwide group of volunteers that helps people struggling with debt. In the rural hinterland, 90% of farm households have outstanding loans, according to a March study that described a "vicious cycle of debt".

☆ A real-estate investor shares the 3 tips for seasoned pros that helped him build a $2.7 million portfolio in just 4 years — including leveling up one's goals and finding ways to scale
▼ + stars: | 2023-05-04 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

As seasoned real estate investors know, at a certain point buying rental properties becomes child's play. But reaching the big leagues requires some diversification, such as investing with real estate syndicates for bigger windfalls, or outsourcing day-to-day real estate operations to property managers to maximize time and efficiency. In a previous interview with Insider, Rivers shared his top three pieces of advice for beginning real estate investors. But he's also got some great insights for more seasoned real estate investors to help them diversify their holdings and reach the next level. But as they find their footing, at a certain point real estate investors must clearly define their goals.

[1/2] Anutin Charnvirakul, Bhumjaithai Party's leader and prime ministerial candidate, speaks during an interview with Reuters in Bangkok, Thailand, April 10, 2023. This time, new election rules favour bigger parties, and Bhumjaithai has strengthened its slate of candidates to compete with larger opponents. "Last time, Bhumjaithai Party won millions of votes from people who believed in the benefits of marijuana," he said. Some small parties have suggested amending it and Pheu Thai has raised the possibility of discussing it in parliament. "Protecting the monarchy is an inspiration for the party," Anutin said.

☆ Bank of Spain sees turmoil rising funding costs, requiring liquidity sourcing review
▼ + stars: | 2023-03-28 | by ( Jesús Aguado | ) www.reuters.com time to read: +3 min

Non-performing loans stood at nearly record lows of 3.56% in January, far below the all time-high of 13.6% in December 2013. Deputy Governor Margarita Delgado also said that amid a tighter financing conditions following a period of abundant, cheap liquidity, banks should assess liquidity risks and have diverse, credible and plan-based funding sources to allow them to "adapt flexibly to the changing environment." In its report, the Bank of Spain said it expected Spanish lenders to maintain comfortable excess liquidity positions. As of February, Spanish banks' liquidity coverage ratio stood on average at 175% among the significant lenders, well above the global average of 140%, according to the Basel Committee on Banking Supervision. Olano said that Spanish banks' exposure to Credit Suisse (CSGN.S) stood at between 300 million euros ($325.23 million)and 400 million euros.

☆ Low-wage workers got big raises during the pandemic. Now that's coming to an end.
▼ + stars: | 2023-03-23 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

A new report from the left-leaning Economic Policy Institute analyzes wage growth from 2019 to 2022. Researchers found that the lowest-earners saw the highest real wage growth out of the groups analyzed. That growing pay was due to pandemic policy and need for workers, but those policies have ended. EPI looked at how the real wage growth of 9.0% for the lowest-paid workers compared to earlier business cycles and recessions. While it might sound counterintuitive that job losses lead to higher wages, EPI identifies this phenomenon as something called "severed monopsony."

☆ A veteran real-estate investor who owns over 1,250 units across the country explains why 'more millionaires are made in downturns' like the upcoming housing correction — and shares 4 strategies invest
▼ + stars: | 2023-02-11 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Veteran real estate investor Dave Allred has ownership in over 1,250 units across the country. Allred believes the upcoming housing downturn will provide significant opportunities for investors. Today, the 42-year-old Allred has built a real estate empire that spans several states, including Utah, where he currently resides with his family. Besides migratory patterns, Allred also believes that the political landscape of a state can particularly affect a real estate investor's success. According to Allred, investors also shouldn't let trepidation weigh them down this year.

☆ Blackstone is stepping up evictions of hundreds of tenants across the US as a top exec vows 'cash-flow growth'
▼ + stars: | 2023-02-01 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

It's back to business as usual: An exec said he had confidence in the firm's "cash-flow growth." About one-fifth of those holdings are tied up in an investment vehicle known as the Blackstone Real Estate Investment Trust, or BREIT. Blackstone's real-estate portfolio is outperforming competitorsThe news of Blackstone's increasing eviction efforts came days after the company announced its fourth-quarter earnings. For example, what Blackstone calls its "opportunistic" real-estate portfolio appreciated by more than 7% during 2022 in one of the most challenging markets in recent memory. The firm's core real-estate portfolio gained more than 10% in value during 2022.

☆ Inside THL's investing playbook for how the PE firm uses the public cloud to be aggressive in the bidding process
▼ + stars: | 2023-01-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

The cloud has become a key piece of private-equity firm THL's investment playbook. But for THL, the cloud has become an important part of the investing giant's playbook for winning over acquisition targets. He likened the due diligence and courtship process for founders and CEOs to speed dating with a bunch of investment firms. But the cloud, with its promise of cost savings and easy innovation, is helping THL stand out in the bidding process, Benaquista said. Eventually, as part of the move to the cloud, THL was able to split up Ten-X's commercial and residential businesses with the aim of selling the former.

☆ An investor who started with $5,000 and built a 742-unit real-estate portfolio says a coming correction will be the next buying opportunity — and shares the financing method he's using to snag 2% inte
▼ + stars: | 2023-01-14 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Now, he's preparing to buy up the deals coming in from the housing correction this year. Some of the deals he's snagging are from foreclosures, which have been on an uptick. "People are getting more eager to sell and it's less of a seller's market and more of a buyer's market," Tortoriello said after witnessing the competition and buying frenzy of the last two years. He expects this to cause job losses and hurt other parts of the economy including the housing market. For those who are prepared to take advantage of price plunges in the housing market, numerous opportunities are coming, he said.

☆ Indians face up to 3-year wait times for U.S. tourist visas
▼ + stars: | 2022-12-22 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Other consulates are only taking appointments for emergency tourist visas, which experts suspect have a shorter backlog of their own. NBC News reached out to the State Department and has not received a response. “The Department of State is successfully lowering visa interview wait times worldwide,” the statement said. The State Department cites staffing issues which it is trying to remedy, but Gelatt says it won't be a quick process. “The State Department says that they’re doubling their hiring and they’re training up staff,” Gelatt said.

☆ Oregon Gov. Kate Brown commutes sentences of 17 people on death row
▼ + stars: | 2022-12-14 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Kate Brown announced plans Tuesday to commute the sentences of the 17 people on death row to life in prison without the possibility of parole, most likely using her executive clemency powers for the last time as governor. “Unlike previous commutations I’ve granted to individuals who have demonstrated extraordinary growth and rehabilitation, this commutation is not based on any rehabilitative efforts by the individuals on death row. Instead, it reflects the recognition that the death penalty is immoral." Brown said the commutations were consistent with a moratorium on the death penalty Gov. The death penalty was first legalized in Oregon in the 19th century, but it has been abolished and reinstated three times since then.

☆ Oregon Gov. Kate Brown commutes sentences of all 17 inmates on death row in her final month in office
▼ + stars: | 2022-12-14 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Oregon is one of 27 states in America that allows for the death penalty. Kate Brown commuted the sentences of all 17 inmates on death row. Kate Brown commuted the sentences of all of the state's 17 death row prisoners to life in prison without the chance of parole. Brown added that the commutation "is not based on any rehabilitative efforts by the individuals on death row" but instead "reflects the recognition that the death penalty is immoral." She is the seventh US governor in the past 50 years to commute all death sentences in a state.

☆ More Foreclosures, Easier Mortgages Would Help Fix America's Housing Market
▼ + stars: | 2022-12-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

These standards are based on factors including the borrower's financial stability and the state of the housing market and economy. Finding the right size for the credit box is much easier said than done. A tidal wave of foreclosures followed, plunging the US housing market — and the global economy — into chaos. Even just stabilizing the credit box over time could also help smooth out some of the boom-and-bust cycles that have come to define the housing market. "If we do not address this intrinsic cyclicality, the housing market will continue to experience boom-bust cycles, leaving destruction in their wake," the paper said.

☆ Evictions are piling up across the U.S. as Covid-era protections end and rents climb
▼ + stars: | 2022-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

Still, rents nationwide were up 9% in September, compared to a year earlier, and more than a dozen cities had double-digit rent increases, it said. In Phoenix, for example, rent increases have slowed in recent months, but in June were up 24% year over year, with a median asking rent of $2,261. In Maricopa County, which includes Phoenix, evictions are at their highest levels since at least 2016, with more than 45,000 filings this year. Zenovia Johnson is one of those Phoenix renters who’s been struggling to stay in her home because of rising rents. In Minneapolis, where rent increases have trended below the national average, evictions in September were 37% above their historical averages after shooting up in June, when the state lifted its eviction moratorium.

LONDON/WASHINGTON, Oct 23 (Reuters) - A failure to secure meaningful progress on a debt relief for the world's poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated. Two years ago the Group of 20 launched the Common Framework - a mechanism designed to provide a swift and comprehensive debt overhaul to nations buckling under debt burdens after COVID-19 shock that would reach beyond temporary debt payment moratoriums. The Common Framework is a good start, but you need some fixes." China's role as a lender to poorer nations and Beijing's foot-dragging on debt relief drew much ire at the Washington meeting. JPMorgan's Joyce Chang, whose bank held an investor seminar alongside the IMF World Bank gathering, said asset managers had more discussions on repayment challenges and restructurings for emerging markets than at any time since the 1990s.

☆ The Columbus, Ohio, Warehouse Boom: How warehouses brought stifling dust and diesel fumes — and a chance for refugees to grab the American dream
▼ + stars: | 2022-10-19 | by ( Emma Cosgrove | Katherine Long | ) www.businessinsider.com time to read: +27 min

What binds them, despite different nationalities, immigration stories, and languages, are warehouse jobs. As Columbus' warehouse development begins encroaching into residential areas, a consensus is gathering here — as it has elsewhere — that warehouses make for poor neighbors. Tariq Tarey for InsiderIn Canal Winchester, Halstead's efforts to put the question of warehouse development before voters were stymied. The town council bypassed her group's referendum by declaring a state of emergency to approve the warehouse development. There aren't clear lines between the winners and losers of Columbus' warehouse boom.

☆ Inside the cold war between Amazon and unions, which are wielding drones and secret agents to expose the company's labor practices
▼ + stars: | 2022-10-15 | by ( Katherine Long | ) www.businessinsider.com time to read: +11 min

Unions infiltrated Amazon construction sites in Oregon and Washington seeking regulatory violations. On a frosty morning in February 2021, Tom Tanner walked into an under-construction Amazon warehouse in eastern Washington seeking work. Campaigns to organize Amazon warehouse workers have grabbed national headlines. Amazon workers at the LDJ5 Amazon Sort Center join a rally in support of the union on April 24 in Staten Island, New York. Wendell Jeffson in a boom lift at the Amazon warehouse in Shelby, Michigan, when he was 17.

☆ Regulations Set to Be Issued This Year Will Determine Course of Deep-Sea Mining
▼ + stars: | 2022-09-30 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

The International Seabed Authority, a United Nations observer organization, is drawing up a regulatory framework for deep-sea mining based on data collected from explorations conducted by TMC and other ventures to inform its decisions. PREVIEWThe ISA is expected to meet member nations in March, when deep-sea exploration and its regulations are expected to be discussed. TMC started conducting pilot testing in September 2022 to determine whether deep-sea mining would harm the environment. For most mining companies, exploration licenses usually are a significant step in attracting funds, but the lack of clarity around the legality of deep-sea mining is creating a barrier. TMC remains key but not imperative to the lobbying push to change or confirm regulations on mining of the deep sea, industry participants said.

Note: Data for 2020 is from June 2020 through May 2021; for 2021, it is from June 2021 through May 2022. Path of Hai Feng 718 over 365 days Encounters with Chinese fishing vessels Note: Data is from June 2021 through May 2022. Transshipment allows fishing vessels to stay at sea year-round Parked side by side, carrier vessels exchange fuel, crew supplies and the catch from fishing vessels. This allows fishing ships to fish for longer periods. Fish hold where fish is transported from Fender to maintain a safe distance between ships FISHING VESSEL CARRIER VESSEL Crane to transport catch from fishing vessel to carrier vessel Fish hold where fish is transported from Fender to maintain a safe distance between ships FISHING VESSEL CARRIER VESSEL Crane to transport catch from fishing vessel to carrier vessel Transshipment between a squid fishing vessel and a cargo carrier in the North Indian Ocean last year.

☆ A Nation of Quitters
▼ + stars: | 2021-04-17 | by ( Andy Kessler | ) www.wsj.com time to read: +1 min

The unemployment rate was 3.5% in July, the same as in February 2020, but the U.S. has three million fewer workers. Now a McKinsey study suggests that 40% of workers are thinking of quitting their jobs. Everyone has an explanation for the Great Resignation: extended unemployment benefits, eviction moratoriums, baby boomers retiring, work-from-home complacency, anxiety, long Covid. Here’s my theory: Too many got a taste of not working and liked it. Parisians called those with unconventional lifestyles “bohemians.” Now we have unemployed, perpetually plugged-in, dopamine-addled Cyber Bohemians—let’s call them Cy-Bos.

☆ One millionaire landlord was behind half of Milwaukee's evictions during Covid lockdowns last June. Here's the story of how corporate landlords helped drive the evictions crisis
▼ + stars: | 2021-03-26 | by ( Abigail Higgins | ) www.businessinsider.com time to read: +23 min

Corporate landlords in cities like Milwaukee helped drive an evictions crisis during the pandemic. Corporate landlords, which own almost 50% of rental properties, are more likely to evict, advocates say. Before the 2008 recession, corporate landlords owned 20% of rental properties; today, it's nearing a whopping 50%. Since the Center for Disease Control's evictions moratorium took effect last September, evictions by corporate landlords have actually been steadily increasing. There is no national database of evictions, and evictions are only tracked at the level of the country's more than 3,000 counties.

☆ Many stimulus programs are due to expire at the end of 2020, threatening the US economy during the COVID-19 pandemic's most challenging phase
▼ + stars: | 2020-11-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

On November 19, Mnuchin expressed his desire to have $580 billion in unspent stimulus funds redirected to small businesses and to extend unemployment benefits. This economic relief program extended traditional unemployment benefits from the standard 26 weeks to 39 weeks. Self-employed and gig economy workers can collect state unemployment benefits through December 31, but that will also expire under the CARES Act. At the end of July, the Federal Pandemic Unemployment Compensation, or FPUC, expired, which provided a federally funded $600 weekly supplemental boost to state unemployment payments. AdvertisementThe coronavirus pandemic has deeply impacted funding for first-responders, teachers, firemen, and police officers, the very people who have been on the front lines.

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