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☆ These cities in Ohio have more affordable homes available for sale than any other US metro, but they're still few and far between
▼ + stars: | 2023-07-02 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

The US housing shortage makes it especially hard for middle-income buyers to purchase homes. But there's some good news, at least in the data: There are still a few US metros where affordable homes remain available to middle-income buyers. According to the NAR and Realtor.com analysis, among the 100 largest US metros, three areas from Ohio: Youngstown, Akron, and Toledo have the most affordable homes available for middle-income buyers. Overall, the US housing market is short 6.5 million homes. In general, homes in the low- to mid-priced range should be more plentiful in "relatively more affordable areas," than in the expensive areas, the economists wrote in the report.

Persons: —, Ian Beniston, Eric Cooper, Sellers, it's, Beniston Organizations: Service, National Association of Realtors, NAR, Youngstown Neighborhood Development Corporation, Coldwell Banker Locations: Three Ohio, Ohio, Youngstown , Akron, Toledo, Youngstown, Akron, El Paso , Texas, Boise , Idaho, Spokane , Washington

☆ Richard Ravitch, Rescuer of the Subways and New York’s Finances, Dies at 89
▼ + stars: | 2023-06-26 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Richard Ravitch, a politically savvy, civic-minded developer and public citizen who helped rescue New York City from the brink of bankruptcy and its decaying subways from fiscal collapse, died on Sunday in Manhattan. His death, in a hospital, was confirmed by his wife, Kathleen M. Doyle. Mr. Ravitch never won elective office. He later served as New York’s lieutenant governor, enlisted by David A. Paterson in 2009 to lend gravitas to his teetering administration. (Mr. Paterson had succeeded Eliot Spitzer, who resigned in disgrace after a prostitution scandal.)

Persons: Richard Ravitch, Kathleen M, Doyle, Mr, Ravitch, David A, Paterson, Eliot Spitzer Organizations: New, Urban Development Corporation, Metropolitan Transportation Authority Locations: New York City, Manhattan, New

☆ A desperate property developer in China said it would give a gold bar to anyone who buys a home it builds. Homebuyers say they're still waiting.
▼ + stars: | 2023-06-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

A Chinese property developer is offering gold bars to buyers in a desperate bid to boost home sales. According to The Guardian and local media outlets, the property developer in question is Huafa Group, which is based in Hangzhou, a city in eastern China. Disgruntled buyers are raging over the gold barsHowever, some buyers have been kept waiting for the promised gold after purchasing a flat. A staff member at Huafa told Insider the Huafa Hui Tianfu development had "nothing to do" with them. Flashy giveaways are commonplace in China's property marketThis is not the first time Chinese property developers have dangled freebies to entice homebuyers.

Persons: —, they've, monthslong, Hui Tianfu, China's, Zhu, Xian, Shao, Xiao Qiang, homebuyers Organizations: Service, Guardian, Weibo, China's Twitter, Huafu Group, Jiemian, Huafa, Qianjiang Evening, Estate Development Corporation, China Index Academy, Bloomberg, Wall Street Locations: Hangzhou, China, Hangzhou Yuejia

☆ Brazil's Lula proposes common South American currency at UNASUR meeting
▼ + stars: | 2023-05-30 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +1 min

CNN —Brazilian President Luiz Inácio Lula da Silva proposed creating a common currency in the region during a meeting with South American heads of state in Brasilia on Tuesday. Talk of creating a common currency there has periodically cropped up since its founding in 1991. Lula also argued that regional development banks like the Andean Development Corporation (CAF), the Bank of the South and Brazil’s development bank BNDES should do more to finance social and economic development in the region. It’s not the first time that regional leaders have floated the idea of creating a common currency in South America. “If we compare the Eurozone, discussions over the common currency started back in the 1950s.

Some Chinatown residents benefited from the development boom, selling properties to developers or drawing more customers from increased foot traffic. Some residents have shown tentative support for the luxury buildings, saying they might make the neighborhood safer or bring in wealthier Asian residents who could boost Chinatown's economy. Manhattan Chinatown's housing stock is "really aged," which has led to costly fires, according to Thomas Yu, executive director of Asian Americans for Equality. Chinatowns and the pandemicMany debates surrounding luxury development and affordable housing were accelerated by the pandemic, which shuttered hundreds of businesses across Chinatowns. However, business owners who spoke with CNBC said Chinatown's businesses, though still recovering, are keeping the city's culture alive.

☆ Shifting to life post-Covid: How remote work transformed this city in the Midwest
▼ + stars: | 2023-05-13 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Michigan Avenue in Lansing, Michigan. said Cathleen Edgerly, executive director of Downtown Lansing, Inc., a nonprofit working on the culture and sustainability of the downtown. Lansing had the largest share of job listings in March with at least one day of remote work of any city, according to WFH Map. And an analysis by Bloomberg found remote work has cost Manhattan more than $12 billion annually. Lansing, Michigan, USA at the Michigan State Capitol during the evening.

☆ After Pandemic Rebound, U.S. Manufacturing Droops
▼ + stars: | 2023-05-02 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

The pandemic had a bright silver lining for Elkhart, Ind. The city, renowned as the capital of recreational vehicle production, had a surge in demand as cooped-up families took to the highways and avoided hotels. The area has lost nearly 7,000 manufacturing jobs over the past year, and unemployment is now above the national average. Thor Industries, which owns a wide portfolio of RV brands, saw its sales tumble 39.4 percent from the quarter a year ago. That’s manufacturing in America in 2023.

☆ Malaysia secures $555 million potential exports during PM's China visit
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, April 5 (Reuters) - Malaysia secured 2.44 billion ringgit ($555.30 million) in potential exports during Prime Minister Anwar Ibrahim's visit to China last week, a government trade agency said on Wednesday. The products Chinese importers were interested to source from Malaysia included palm oil, food and beverages, durian and iron products, the Malaysian External Trade Development Corporation (MATRADE) said in a statement. Malaysia's exports to China totaled nearly $48 billion last year, though it declined 9.1% in the first two months of 2023, MATRADE said. During his visit, Anwar witnessed the signing of trade agreements between Malaysian and Chinese businesses, it added. China will invest an estimated $38.6 billion in Malaysia, including in the petrochemical and automotive industries, Anwar told parliament earlier this week, without specifying a timeframe.

☆ South Korean prosecutors seek to arrest opposition leader in graft probe
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Feb 16 (Reuters) - South Korean prosecutors on Thursday requested an arrest warrant for the head of the main opposition Democratic Party, Lee Jae-myung, in an investigation into development projects and bribery allegations. Lee, who was mayor of the city south of Seoul from 2010 to 2018, has denied any wrongdoing. The Democratic Party denounced prosecutors' move, calling it an "unprecedented act of violence to incapacitate the opposition party and eliminate the president's political enemy." Lee lost to President Yoon Suk-yeol, a former prosecutor-general, in the March presidential election by a margin of just 0.7%. ($1 = 1,281.3900 won)Reporting by Soo-hyang Choi and Hyonhee Shin; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Five killed in gun attack on Cameroon farm workers
▼ + stars: | 2023-02-10 | by ( Amindeh Blaise Atabong | ) www.reuters.com time to read: +2 min

YAOUNDE, Feb 10 (Reuters) - At least five banana plantation workers were killed and several wounded on Friday in Cameroon’s Southwest region that is riven by separatist violence, a union leader said. The unidentified assailants shot at a truck carrying employees of Cameroon Development Corporation (CDC) - the country's largest state-owned agro-industrial firm whose workers have previously been targeted by Anglophone armed separatists fighting for an independent state. The ambush took place at around 5:30 p.m. local time near the town of Tiko after the labourers finished their work, said Gabriel Mbene Vefonge, president of the Cameroon Agricultural and Allied Workers Trade Union (CAAWOTU). They killed three other workers who were sitting in front before shooting sporadically," Vefonge told Reuters by phone, confirming that five were killed in total. Since then, thousands have been killed in the central African state, and rebels and government troops have taken turns to commit grievous atrocities.

☆ Biden's semiconductor push has states jockeying for federal cash
▼ + stars: | 2023-01-29 | 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

The prospect of that much cash has sparked a scramble among states to pitch themselves as the best place to spark a semiconductor boom. In anticipation of the federal funds, semiconductor companies have already been making billions of dollars in commitments. President Joe Biden arrives for a ceremony at the groundbreaking of the new Intel semiconductor manufacturing facility near New Albany, Ohio, on Sept. 9, 2022. The Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, on Dec. 6, 2022. But scaling up a U.S. semiconductor industry in a matter of years rather than decades is rife with challenges, said industry leaders.

☆ William Shatner was right, say 2 Blue Origin astronauts: space flights do trigger emotions of grief and sadness
▼ + stars: | 2022-10-30 | by ( Kate Duffy | ) www.businessinsider.com time to read: +4 min

Blue Origin astronauts agreed with William Shatner's feelings of grief after flying into space. The Star Trek actor said his Blue Origin spaceflight felt like a funeral and all he saw was sadness. Sharon and Marc Hagle at Blue Origin facility in Texas. Everybody has their own takeaway and emotional experiences based on their lives on Earth, Marc added: "Even now, we're tearing up." Three days after launching with Blue Origin, the couple went to watch a rocket launch together.

☆ Indian shares rally for fourth day in a row, led by consumer stocks
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - Indian shares surrendered some of their earlier gains to close slightly higher on Wednesday as Nestle India's strong earnings boost consumer stocks, though lingering fears of high inflation and interest rates on corporate profits capped the increase. The NSE Nifty 50 index (.NSEI) ended up 0.14% at 17,512.25, while the S&P BSE Sensex (.BSESN) climbed 0.25% to 59,107.19. The Nifty fast-moving consumer goods (FMCG) index (.NIFTYFMCG) gained 0.4%, led by a 1.8% jump in Nestle India (NEST.NS) after the consumer giant reported a bigger-than-expected rise in third-quarter profit. Support for markets is seen coming from domestic investors buying, even as foreign institutional investors sold shares. Foreign institutional investors sold a net of 1.53 billion Indian rupees ($18.6 million) worth of equities on Tuesday, while domestic investors bought 20.85 billion rupees worth of shares, as per provisional data available with the NSE.

CNN —In Nelson Mandela Bay, in the Eastern Cape of South Africa, thousands of hectares of land could one day become the world’s largest green ammonia plant. But by using renewable energy, “green” ammonia can be manufactured, slashing the carbon footprint of agricultural production and opening up the compound to further uses. ‘A completely green process’The process to make green ammonia is quite simple, Loubser says, requiring just water, air and energy. But green ammonia could also be burned in existing coal-fired power plants to quickly reduce their CO2 emissions, the study notes, or in plants customized to run entirely on ammonia. And many of the systems that will make use of green ammonia – including ship engines – are still under development, which is why production levels are low at the moment.

☆ In the college sports pay era, female athletes are emerging as big winners
▼ + stars: | 2022-10-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

At a time of increased scrutiny about the pay gap between male and female athletes, the Nike deals show that female collegiate and amateur athletes are emerging as winners in the early days of the NIL era. "I think most people knew that women athletes in particular were going to see great opportunities," Rishe said. "That's why it's exciting to see, but not surprising to see a lot of female college athletes solidify various and sometimes lucrative NIL deals." Women's social media presence influences dealsClark ranks as the tenth most profitable college women's basketball player and Jones comes in twelfth, according to On3's "College Women's Basketball NIL Rankings." Female athletes already are doing their part in spreading the message about the future of women in sports and as public figures.

☆ A Kremlin ally died falling down the stairs, report says — the latest in a series of unexplained deaths among prominent Russians
▼ + stars: | 2022-09-22 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

The Moscow Aviation Institute's former rector died in an accident on Wednesday, the facility said. Local media said Anatoly Gerashchenko, 72, died falling down several flights of stairs. It's the latest in a string of accidental or untimely deaths of top Russian figures. The Moscow Aviation Institute (MAI) university announced the death of Anatoly Gerashchenko, 72, saying he died "as a result of an accident." An unnamed source told Russian newspaper Izvestia that he died on the university's grounds, by falling "from a great height" down several flights of stairs.

Find out what your state provides for first-time homebuyers:Programs in the NortheastConnecticutThe Connecticut Housing Finance Authority gives loans for down payment assistance. Programs in the SoutheastAlabamaThe Alabama Housing Finance Association has down payment assistance programs for low-to-moderate income earners, and a tax credit program that can be combined with down payment assistance. If you're buying a home in Louisville, you might qualify for a down payment assistance loan from the local government. WashingtonThe Washington State Housing Finance Commission has several down payment assistance programs that will loan you up to $10,000. The lender is also the one who will approve and process any applications for down payment assistance, closing cost assistance, or tax credits.

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