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☆ I inherited my dad's house at 33 after he died unexpectedly. The guilt and embarrassment of suddenly having money was painful.
▼ + stars: | 2023-10-28 | by ( Gary Nunn | ) www.businessinsider.com time to read: +7 min

My sister and I inherited his house and sold it to put deposits down on our own apartments. We knew we'd inherit the house and his possessions; he'd told us we were the only people in his will. We had two weeks to put our dad's house on the market, clear out 40 years of memories, and decide what to do with all his possessions. AdvertisementAdvertisementIt took me a long time to accept the inheritanceI was almost embarrassed by suddenly having money. AdvertisementAdvertisementThe money didn't feel like mine and neither, to a certain extent, did the flat.

Persons: —, Dad, he'd, everything's, We'd, We've, hadn't, should've, I'd, I'm, sharer, I've, wouldn't, didn't Organizations: Service Locations: Australia

☆ The World Is Becoming More African
▼ + stars: | 2023-10-28 | by ( Declan Walsh | Hannah Reyes Morales | ) www.nytimes.com time to read: +37 min

Old World Young Africa As the world grays, Africa blooms with youth. The World Is Becoming More African Part one of a series on how the youth boom is changing the continent, and beyond. But while a handful of African countries are poised to ride the demographic wave, others risk being swamped by it. In the West, racists and right-wing nationalists stoke fears of African population growth to justify hatred, or even violence. The age gap between geriatric leaders and restless youth is “a major source of tension” in many African countries, said Simon Mulongo, a former African Union diplomat from Uganda.

Persons: Lauren Leatherby, ”, Jean, Patrick Niambé, Hilton, Edward Paice, “, Keziah Keya, Keya, Paul R, Ehrlich, stoke, Lauren Leatherby “, Carlos Lopes, Burna, Weeks, “ It’s, Laolu Senbanjo, Tems, Toulaye Sy, Pritzker, Abdulrazak Gurnah, “ Africa’s, ” Long, exotica, Mulendema, Hannah O’Leary, “ We’re, Sipho Dlamini, Dlamini, Moawad, Optimists, Mo Ibrahim, Aubrey Hruby, birthrates, India’s, China’s, Akinwumi Adesina, States —, William Ruto, Paul Biya of, Biya, Wole Soyinka, Paul Kagame of, Nourdine, Nigeriens, Awade, Ali Bongo Ondimba, Simon Mulongo, Nuha Abdelgadir, Abdelgadir, gesturing, “ We’ve, ” Weeks, Abdelgadir’s, Modu Ali, Young, Saidu, Habiba Mohammed, Ms, Ha, Joon Chang, Nobody, Chang, Ibrahim, Touré Organizations: Young, United Nations, Southern, Northern, Western Asia Northern, United, Ivory Coast, African Union, Group, European Union ., Suisse, Africa Research Institute, Nigeria Mozambique Kenya “, Russia Canada Germany United, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia Dem, Russia Germany, China Egypt India Nigeria D.R.C, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Dem, Bank, Nations, International, Bryn Mawr College, Angola, Angola Ivory Coast, Angola Ivory Coast Cameroon Dem, Africa Middle Africa Southern, Economic Commission, New, Citi, Spotify, Cannes Film, Burkina Faso, UNESCO, Disney, Amazon Prime, Netflix, “, Apple, Cape Town, Microsoft, Google, Infrastructure, McKinsey & Company, Pew Research Center, African Development Bank, Greek Coast Guard, Saudi, Africa Climate, Young Voters, Freedom House, University of Denver, United Arab, Japan Cuba Vatican City, Netherlands South Korea Belgium U.A.E, Islamic, Global, Center for Girls Education, School of Oriental, Studies Locations: grays, Africa, India, China, United States, Southern Asia, Asia, America, Caribbean, Northern America, Western Asia, Western Asia Northern America, Europe, London, New York, West Africa, Ivory, Abidjan, Russia, Turkey, Gulf, Nairobi, Nigeria Mozambique Kenya, Italy, Japan, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia, Congo Indonesia Brazil Australia South Africa Argentina, Russia Germany U.S, China Egypt India Nigeria, Brazil South Africa Australia, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria, Nigeria, Africa’s, Young, South Africa, Somalia, Mozambique, Mali, Gabon, Niger, Mozambique Nigeria Kenya, Kenya, Pennsylvania, Angola Ivory, Angola Ivory Coast Cameroon, Congo Algeria Egypt, Ghana Kenya Madagascar Mozambique Niger Nigeria, Tanzania Uganda South Africa, Northern Africa Eastern Africa, Africa Middle Africa, Africa Middle Africa Southern Africa, Guinea, Bissau, African, Qatar, Nigerian, Brooklyn, Target, French, Senegalese, Paris, Milan, Venice, Burkina, Tanzania, Saharan Africa, Nigeria Kenya Senegal In Lagos, Dakar, Zambia, South Korea, Sotheby’s, Lagos, Zimbabwe, Watford, Cape, Mombasa, Zanzibar, Cairo, Morocco, East Africa, Nigeria Mozambique Morocco, Sudanese, North Africa, East Asia, Thailand, Rwanda, Ivory Coast, States, Namibia, Kenyan, Paul Biya of Cameroon, Paul Kagame of Rwanda, United Arab Emirates, United States France Turkey, Germany, Russia India, Brazil, Japan Cuba, Japan Cuba Vatican City Spain Italy Saudi Arabia Qatar, Netherlands South Korea Belgium, Iran Canada, Niger’s, Niamey, Senegal Kenya Kenya, X’s, Tunisia, Egypt, Libya, Senegal, Uganda, Khartoum, Sudan, Ethiopia, Al Qaeda, Islamic State, Chad, Burkina Faso, Nigeria Nigeria Morocco, hijabs, Zaria, American, Korea, South, England

☆ ‘Guided Missile Drugs’ Could Be Big Pharma’s Secret Weapon
▼ + stars: | 2023-10-26 | by ( David Wainer | ) www.wsj.com time to read: 1 min

Merck and Daiichi Sankyo agreed to jointly develop and commercialize three potential antibody-drug conjugates in a deal worth up to $22 billion. Photo: Christopher Occhicone/Bloomberg NewsA true home run in the drug industry is when a company develops a mega-blockbuster that transforms its finances for years. But with Medicare trying to bring costs down by targeting the industry’s most expensive drugs, a portfolio of medium-size moneymakers that can keep your name off the U.S. government’s naughty list can be a wise strategy.

Persons: Christopher Occhicone Organizations: Merck, Bloomberg

☆ GOP Senators Propose Bill Splitting Off Israel Aid From Ukraine Funding
▼ + stars: | 2023-10-26 | by ( Lindsay Wise | ) www.wsj.com time to read: 1 min

Sen. Roger Marshall argues that separating Israel aid would prevent it from being bogged down in the House. Photo: Michael Brochstein/Zuma PressWASHINGTON—A group of Republican senators introduced a stand-alone bill that would send billions of dollars in aid to Israel but not Ukraine, underscoring the challenges facing a much larger $106 billion Biden administration proposal that includes more funding for Kyiv. The group of GOP senators argues that separating the Israel aid would prevent the assistance from being bogged down in the House, where the number of Republicans opposed to funding Ukraine aid is growing, and now makes up more than half the GOP conference.

Persons: Sen, Roger Marshall, Michael Brochstein, Zuma Press WASHINGTON Organizations: Zuma Press, Biden, Kyiv, GOP Locations: Israel, Ukraine

☆ New Speaker Mike Johnson’s To-Do List: A Looming Funding Deadline and Israel, Ukraine Aid
▼ + stars: | 2023-10-26 | by ( Kristina Peterson | Lindsay Wise | ) www.wsj.com time to read: 1 min

House Republicans elected Rep. Mike Johnson of Louisiana as speaker of the House on Wednesday, more than three weeks after Kevin McCarthy was ousted. Photo: Reuters/Elizabeth FrantzWASHINGTON—The House is back open for business. But getting legislation through it—much less agreeing with the Democratic Senate and President Biden—won’t be easy for brand-new Speaker of the House Mike Johnson , with major deadlines less than a month away. After 22 days of GOP infighting, the Louisiana Republican secured his post Wednesday without any opposition from his fellow House Republicans. That unity will be tested soon, with lawmakers facing a slew of policy and political challenges, including a government funding deadline in three weeks, aid requests for Israel and Ukraine and a farm bill that has already expired.

Persons: Mike Johnson of, Kevin McCarthy, Elizabeth Frantz WASHINGTON, Biden — won’t, Mike Johnson Organizations: Republicans, Reuters, Democratic Senate, Louisiana Republican Locations: Mike Johnson of Louisiana, Louisiana, Israel, Ukraine

☆ With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
▼ + stars: | 2023-10-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

UK has second-biggest number of top fintech firmsThe U.S. was home to 65 of the top fintech companies, according to CNBC's list of world's top 200 fintech companies. In the U.S., some of the top global fintech companies on Statista's list include names like Stripe, PayPal and Intuit . Stateside, meanwhile, the largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion). Other leading ecosystems for fintech unicorns include India, on 17 unicorns, and China, on eight. Standing in 8th place is Mexico, with five fintech unicorns, Singapore, also with five, and the Netherlands, which has four in total.

Persons: Ed Jones, Starling, Tencent, Statista, Andreessen Horowitz, Wise, Vlad Tenev, Group's, —, Nick Parmenter Organizations: AFP, Getty, CNBC, Statista, Ant Group, Plaid, Visa, Mastercard, European Union, Apple, Google, Sequoia Capital, PayPal, Intuit, Financial, Authority, Consumers Locations: U.S, Beijing, China, Silicon, Europe, Ukraine, Covid, India, France, Brazil, Germany, Mexico, Singapore, Netherlands, Statista

☆ Why this US couple swapped California for Spain
▼ + stars: | 2023-10-26 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

CNN —After a number of failed IVF rounds, health issues and the death of their beloved dog, US couple Jason Luban and Selena Medlen were in need of a change of scenery. The couple, then based in Oakland, California, had penciled in a trip to Andalusia, Spain, months before, but were unsure whether to go ahead with it when the health of Luban, who has torsion dystonia, a rare movement disorder, began to deteriorate. Spanish adventureAn aerial view of Puente Nuevo in Ronda, the town that stole the hearts of US couple Jason Luban and Selena Medlen. Selena Medlen and Jason LubanWhile they adapted to the Spanish lifestyle quickly, there were some aspects that they found difficult to get used to. For weeks.”While they’d initially planned to stay in Spain for a year, Luban and Medlen chose to extend their stay beyond this.

Persons: Jason Luban, Selena Medlen, ” Medlen, Luban, “, Medlen, ”, Ronda, they've, Jason Luban “, “ Selena, we’re, ’ ”, they’d, Feria de Pedro Romero, “ It’s, expats, ” Luban, I’d, Selena, Donald Trump, ‘ Don’t, they’ve, he’s, you’re, Lola Supernova, they’re, “ There’s Organizations: CNN, CNN Travel, Granada, Feria de, “, ” Locations: Oakland , California, Andalusia, Spain, Puente Nuevo, Ronda, Spain’s Malaga, Madrid, Toledo, Cordoba, Seville, “, Oregon, Texas, California, Feria, America, United States

☆ House Set to Vote on GOP Speaker Nominee Mike Johnson
▼ + stars: | 2023-10-25 | by ( Lindsay Wise | ) www.wsj.com time to read: 1 min

Watch live coverage of the House vote to choose a new speaker, following the ouster of Rep. Kevin McCarthy. House Republicans have chosen Rep. Mike Johnson as their nominee. WASHINGTON—House Republicans plan to hold a vote on the floor Wednesday afternoon to try to install Rep. Mike Johnson of Louisiana as speaker, after three weeks of paralysis following the ouster of Rep. Kevin McCarthy (R., Calif.). The House is unable to legislate until a new speaker is elected. Lawmakers are eager to get back to work, with many eager to pass aid to Israel and address a looming government-funding deadline next month.

Persons: Kevin McCarthy, Mike Johnson, Mike Johnson of Organizations: House Republicans, WASHINGTON —, Republicans, Lawmakers Locations: Mike Johnson of Louisiana, Calif, Israel

House Republicans elected Rep. Mike Johnson of Louisiana as speaker of the House on Wednesday, more than three weeks after Kevin McCarthy was ousted. Photo: Chip Somodevilla/Getty ImagesWASHINGTON—The House elected GOP Rep. Mike Johnson of Louisiana as speaker, elevating a staunch conservative to the top post after three weeks of Republican infighting doomed other candidates aiming to succeed ousted leader Kevin McCarthy. The choice of Johnson, a close ally of former President Donald Trump, came after the party cycled through a series of hopefuls, prompting some members to wonder whether any colleague could thread the needle in the deeply divided conference. With a speaker now in place, lawmakers can finally get back to work, with many eager to pass aid for Israel and address a looming government-funding deadline next month.

Persons: Mike Johnson of, Kevin McCarthy, Chip Somodevilla, Johnson, Donald Trump Organizations: Republicans, Getty, WASHINGTON, The Locations: Mike Johnson of Louisiana, Israel

CNN —In the not-so-distant future, human-like robots will be as ubiquitous as the automobile or smartphone – if Agility Robotics’ vision of the future comes to life. “This is really an inflection point in history,” said Jonathan Hurst, co-founder of Agility Robotics, a Silicon Valley firm that showed off its humanoid, “Digit” to investors and press Tuesday. Agility Robotics' robot Digit showcased its ability to operate autonomously in front of a small audience Tuesday night. Due to safety regulations implemented by Agility Robotics, humans must also stay six feet away from Digit. Less than two weeks ago, Amazon announced it will begin testing Digit in a Seattle warehouse (Amazon is an investor in Digit’s parent company Agility Robotics.)

Persons: ”, Jonathan Hurst, Hurst, “, Veronica Miracle, couldn’t, That’s, ” Hurst, Melonee Wise Organizations: CNN, Agility Robotics, Robotics, Amazon, tote, Hollywood, Writers Guild of America, Technology Locations: Silicon, Seattle, Oregon

☆ Rose Petals and Peacock Brains: What It Took to Be an ‘Emperor of Rome’
▼ + stars: | 2023-10-25 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +2 min

EMPEROR OF ROME: Ruling the Ancient Roman World, by Mary BeardIf social media is to be believed, men can’t stop thinking about the Roman Empire, particularly its “alpha male” elements. Anyone similarly obsessed would do well to pick up a copy of “Emperor of Rome,” an erudite and entertaining new book by the redoubtable classics scholar and feminist Mary Beard. The “good” emperors are invariably wise, kind, prudent and generous, while the “bad” ones are dim, disgusting, decadent and miserly. Did Elagabalus really arrange to smother his dinner guests to death by dropping rose petals from the ceiling? Beard encourages us to be skeptical of all the “preposterous anecdotes,” even as she maintains that such demonizing can tell us something about how power works.

Persons: OF, Mary Beard, Emperor of Rome, ”, Beard, Rome ”, Julius Caesar, Alexander Severus, Alexander, Maximinus Thrax, Caligula, Elagabalus Locations: Roman, Roman Republic

Rep. Jim Jordan of Ohio was removed as GOP nominee for speaker in a secret ballot after he lost his third bid on Friday. Rep. Kevin McCarthy, the previous speaker, was ousted three weeks ago. Photo: Valerie Plesch/BloombergWASHINGTON—Republicans sought to end a three-week-old political crisis by picking a House speaker nominee who could finally garner a majority of the chamber, with plans to hold a party vote Tuesday morning and hopes to move to the floor as soon as later in the day. Weary from weeks of fighting and embarrassing setbacks, House Republicans will meet behind closed doors to choose from among eight Republicans currently running to serve as House speaker. Lawmakers are eager to get back to work, with many wanting to pass aid to Israel and address a looming government funding deadline, neither of which can be done until a new leader is approved by the full chamber.

Persons: Jim Jordan of, Kevin McCarthy, Valerie Plesch Organizations: Bloomberg WASHINGTON —, Republicans Locations: Jim Jordan of Ohio, Israel

☆ GOP Senators Demand Changes to Biden’s Ukraine, Israel, Border Package
▼ + stars: | 2023-10-24 | by ( Lindsay Wise | ) www.wsj.com time to read: +1 min

Rep. Jim Jordan of Ohio was removed as GOP nominee for speaker in a secret ballot after he lost his third bid on Friday. Rep. Kevin McCarthy, the previous speaker, was ousted more than two weeks ago. Photo: Valerie Plesch/BloombergWASHINGTON—Senate Republicans want changes to the Biden administration’s request for $106 billion in emergency funds for Ukraine, Israel and Taiwan and to manage the flow of migrants at the U.S. border, setting up tricky negotiations that could imperil the bill even before it runs headlong into the currently paralyzed House. The administration’s proposal includes about $61 billion for Ukraine, another $14 billion for Israel for security needs, and about $9 billion for humanitarian assistance to both conflict theaters, among other requests. It also includes about $2 billion for security assistance in the Indo-Pacific and $14 billion for the border, which would pay for more efficient processing of migrants seeking asylum, more border patrol agents and asylum officers, and reimbursements to cities and private organizations that have set up shelters.

Persons: Jim Jordan of, Kevin McCarthy, Valerie Plesch, Biden Organizations: Bloomberg WASHINGTON — Locations: Jim Jordan of Ohio, Ukraine, Israel, Taiwan, U.S

Rep. Jim Jordan of Ohio was removed as GOP nominee for speaker in a secret ballot after he lost his third bid on Friday. Rep. Kevin McCarthy, the previous speaker, was ousted three weeks ago. Photo: Valerie Plesch/BloombergWASHINGTON—Republicans narrowly chose House Majority Whip Tom Emmer (R., Minn.) as their nominee for speaker on Tuesday, but his bid to win the gavel immediately ran into trouble, with hard-line conservatives and former President Donald Trump inveighing against him. The developments set the stage for an exasperating replay of previous rounds in the speaker drama, in which a nominee won the party’s nod only to be derailed by a determined band of holdouts, threatening to extend a three-week-old political crisis that began with the ouster of former Speaker Kevin McCarthy (R., Calif.) at the start of month.

Persons: Jim Jordan of, Kevin McCarthy, Valerie Plesch, Tom Emmer, Donald Trump inveighing Organizations: Bloomberg WASHINGTON — Republicans Locations: Jim Jordan of Ohio, Minn, Calif

Last year, that amounted to $75 million of $88.5 million in candy corn sales, according to the consumer research firm Circana. Political Cartoons View All 1215 ImagesWhen compared to top chocolate sellers and other popular confections, candy corn is niche. Several years later, the Goelitz Confectionery Co., now Jelly Belly, began to produce candy corn, calling it Chicken Feed. Candy corn is basically sugar, corn syrup, confectioner’s glaze, salt, gelatin, honey and dyes, among some other things. She equates candy corn with childhood memories of having to visit her pediatrician, who kept a bowl on hand.

Persons: Shannon Fiedler gushed, Paul Zarcone, Brach's churns, ombre, Rice Krispie, Kellogg's, Michelle Williams, Brach's, “, ”, Katie Duffy, Ferrara Candy, George Renninger, “ Brach's, “ It's, I've, Richard Hartel, Hartel's, it’s, Candy, Margie Sung, She's, Duffy, Don't, Sung, ” Aaron Sadler, doesn't, can’t, Sadler, ” Sadler chuckled ., he'll, Sandler, Lisa Marsh, Diana Peacock, Jennifer Walker, Walker, Marie, Abby Obenchain, Obenchain Organizations: Vans, Nike, Ferrara, Ferrara Candy Co, University of Wisconsin -, Ontario, Washington , D.C Locations: Huntington , New York, Ferrara, Philadelphia, University of Wisconsin - Madison, New York, Little Rock , Arkansas, Junction , Colorado, Ontario, Canada, Sault Ste, Savannah Woolston, Washington ,

☆ Jim Cramer tells investors to hold out on buying until after interest rates rise
▼ + stars: | 2023-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday told investors they may be wise to hold out on buying until interest rates rise and resulting sell-offs make stocks cheaper. "For now, your best bet is to wait for the next move up in interest rates, which will trigger the next sell-off in stocks — that's when you buy," Cramer said. Cramer suggested there is a "schism" between what certain companies are truly worth versus where their stocks are currently trading. With the exception of GE, Cramer said these companies seemed to be performing poorly but saw rallies after their reports. Cramer said it's not worth the risk of "betting on a beat and raise quarter" that may rely on the performance of S&P 500 futures.

Persons: CNBC's Jim Cramer, Cramer, it's, You've Organizations: Electric, Verizon, GE

Rep. Jim Jordan of Ohio was removed as GOP nominee for speaker in a secret ballot after he lost his third bid on Friday. Rep. Kevin McCarthy, the previous speaker, was ousted more than two weeks ago. Photo: Valerie Plesch/BloombergHouse Republicans haven’t settled on a consensus candidate for speaker, but many emerged from a meeting Monday with guarded optimism that they will be able to rally behind whoever clinches the nomination after three weeks of public feuding. Lawmakers met Monday night to hear proposals from candidates who explained their strategy for unifying a fractured group and executing legislative priorities such as cutting federal spending and increasing border security. A GOP vote to select the party’s nominee is scheduled for Tuesday morning, with a floor vote of the full House expected in coming days.

Persons: Jim Jordan of, Kevin McCarthy, Valerie Plesch, Republicans haven’t, Lawmakers Organizations: Bloomberg, Republicans, GOP Locations: Jim Jordan of Ohio

☆ Jewish peace activists across the US call for immediate ceasefire and justice for Palestinians
▼ + stars: | 2023-10-23 | by ( Alaa Elassar | ) edition.cnn.com time to read: +13 min

It is these lives that Wise and other Jewish American peace activists are mobilizing to save with their calls for an urgent ceasefire. Jewish Voice for Peace and IfNotNow organized a rally on Capitol Hill calling for a ceasefire in Gaza. Jewish peace activists carried the Palestinian flag and wore keffiyehs as they marched on Capitol Hill. Jewish peace activists embrace during a rally on Capitol Hill for a ceasefire in the Israel-Gaza war. Jewish Voice for Peace and IfNotNow believe that only by addressing these issues can peace ever be achieved between Israelis and Palestinians.

Persons: Rabbi Alissa Wise, “, ” Wise, ”, Wise, IfNotNow, Allison Bailey, Sonya Meyerson, Joe Biden, Israel –, Benjamin Netanyahu, Yoav Gallant, Eva Borgwardt, ‘, Rabbi Wise, ’, We’re, it’s, Alex Wong, ” Borgwardt, Jonathan Greenblatt, –, Meredith Weisel, ” Weisel, Rather, It’s, I’m, Will Oliver, Shutterstock, Biden, Chip Somodevilla, ” That’s, Knox, Israel, they’re Organizations: CNN, Palestinian Ministry of Health, United Nation’s Office, Humanitarian Affairs, Jewish Voice, Peace, Israel Defense Forces, Capitol, Jewish, Getty, Israel, Defamation League, DC, Congress, ”, West Bank, World Health Organization Locations: Gaza, Israel, Knox, United States, “, Palestine, British, Egypt, Jordan, Syria

☆ A ChatGPT rival just published a new constitution to level up its AI guardrails, and prevent toxic and racist responses
▼ + stars: | 2023-10-23 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

OpenAI rival Anthropic revamped its constitution around AI safety using public input. Users of its AI chatbot, Claude, want it to admit flaws, and avoid racist or sexist responses. The new guardrails follow months of concerns from tech and government leaders around AI safety. The updates to Anthropic's constitution follow months of concern around AI safety, including from some technology leaders. Read the full version of Anthropic's new AI constitution here.

Persons: Anthropic, Claude, —, Dario Amodei, Sam Bankman, Fried, didn't, Elon Musk, Nadella, Sam Altman, Sundar Pichai, Tim Cook, Anthropic's Amodei Organizations: Service, Amazon, Intelligence, Microsoft, Google, Apple, White Locations: OpenAI, San Francisco, Washington

☆ Hong Kong's leader will deliver his policy address this week. Here's what to expect
▼ + stars: | 2023-10-23 | by ( Vivian Kam | ) www.cnbc.com time to read: +4 min

An aerial view of a residential district in Hong Kong. He expects domestic demand will continue to be the key driver to Hong Kong's expansion. A nurse examines new born chinese childs with their mums at the Queen Elizabeth Hospital on 30 April 2012 in Hong Kong. That's compared to 1.1 in Singapore and 1.7 in the U.S. To tackle the problem, local media reported the Hong Kong leader may consider giving 20,000 Hong Kong dollars ($2,556) to the family of every newborn baby in the territory, if at least one of the parents is a permanent resident. By offering attractive incentives ... Hong Kong can re-establish itself as an attractive destination for both local and international talent.

Persons: Chunyip Wong, John Lee, Hong, Eddie Kwok, Kwok, Thomas Shik, Shik, childs, Victor Fraile Rodriguez, Wise Lam Organizations: Hong, Hang Seng Bank, CNBC, Gross, Labor, Queen Elizabeth Hospital, Corbis, Bank Locations: Hong Kong, Asia, Singapore, Hong, PwC, U.S

☆ A McDonald's exec explains how she broke through the 'bamboo ceiling' of corporate America by learning how to speak up
▼ + stars: | 2023-10-23 | by ( Josée Rose | ) www.businessinsider.com time to read: +11 min

Today, she has 300 pairs and "I tell my story about shoes because shoes keep me grounded," she told Insider. AdvertisementAdvertisementDoria told me, "this was a proud moment for me because I broke the bamboo ceiling. I call it the bamboo ceiling because the glass ceiling is easier to break," she said. The bamboo ceiling, you throw a stone it's gonna go back to you because the pliability of that how it's made up." But in the McDonald's culture, they told me that I didn't speak up enough in meetings, I didn't challenge others.

Persons: Myra Doria, Doria, —, it's, I've, McDonald's, We've, They've, we've, people's Organizations: USA, Service, Field Locations: Philippines, McDonald's, San Antonio, Texas

Start your search for a tax preparer or tax advisor before the peak of tax season. How to find the best tax preparer or advisor near youLike finding the right doctor or therapist, it can take time to find the best tax preparer or tax advisor for your situation. A tax attorney has demonstrated expertise in areas of federal and/or state tax preparation and complex tax planning. How to choose a tax preparer frequently asked questionsWho is the best person to get tax advice from? A tax preparer must obtain a preparer tax identification number (PTIN) from the IRS in order to prepare a tax return in exchange for compensation.

Persons: —, it's, Kristine Stevenson Seale, Seale, It's Organizations: Service, IRS, Society of Accountants, Better, BBB, Chevron Locations: Austin , Texas, Chevron

☆ 3 reasons it could be the right time to buy a home, despite high interest rates
▼ + stars: | 2023-10-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Despite high prices and mortgage rates, they said homeownership will pay off for many people in the long-run. Many Americans have been left wondering when — if ever — the time will be right for them to enter the housing market. "Many homeowners first bought their home when interest rates were high — the 50-year average rate on a mortgage is 7.8%," he said. Even if cuts to interest rates cause mortgage rates to fall, they're unlikely to return to the near-zero levels they were in 2022. If and when mortgage rates fall, Yun said that some homeowners who have been eager to move — but have been reluctant to give up their low interest rates — will likely decide to sell.

Persons: homeownership, —, Andy Walden, homebuyers, Jerome Powell, Alex Wong, Daryl Fairweather, Redfin's, Lawrence Yun, Yun, Selma Hepp, Connolly, Mott aren’t, David Meyer, Redfin's Fairweather, Fairweather, There's, there's, Jenna Stauffer, Hepp, Meyer Organizations: Service, National Association of Realtors, ICE Mortgage Technology, CNBC, Federal Reserve, Reserve, CoreLogic, Brigade, Homeowners, International Realty Locations: Washington , DC

☆ Wall Street notches weekly loss as benchmark US bond yield eases
▼ + stars: | 2023-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

[1/4] A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. While the benchmark yield eased back from that level, it posted its largest weekly surge since April 2022, powered by solid economic data. 10 year Treasury yield and the Fed funds target rateStrong U.S. retail sales in September reinforced ideas that the Fed may need to keep interest rates high for longer, Hainlin said. The yield on U.S. 10-year Treasury notes, the bedrock of the global financial system, pulled back after breaching the 5% level late Thursday. Benchmark 10-year notes last rose 19/32 in price to yield 4.9094%, from 4.988% late on Thursday.

Persons: Lucas Jackson, Ross Mayfield, Mayfield, Jerome Powell, Powell, Tom Hainlin, Hainlin, Sterling, Brent, Stephen Culp, Marc Jones, Rod Nickel, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, Federal Reserve, Treasury, Nasdaq, Baird, Federal, Bank Wealth Management, Dow Jones, Japan's Nikkei, Thomson Locations: Louisville , Kentucky, Minneapolis, Israel, Gaza, Asia, Pacific, Japan, London

A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, wants to change that. For almost twenty years, researchers and nonprofits have warned about the negative consequences of starving nonprofits of general operating expenses, also known as overhead. In part by emphasizing efficiency, those donors continue to pressure nonprofits to decrease their standing costs, using a slightly different vocabulary. Similarly, more donors understand the value of granting unearmarked funds, which allow nonprofits to change plans or simply to invest in their staff or improve their infrastructure or technology. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Izzy Smith, ” Smith, Isaiah, Stephen Gyllenhaal, Dan Pallotta, Pallotta, Darren Walker, ” Pallotta, ”, “, Michael Thatcher, ” Elizabeth Organizations: Ford Foundation, Urban Institute, Candid, Navigator, Alliance, University of Texas, Associated, Lilly Endowment Inc, AP Locations: The Massachusetts, Dallas

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