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☆ I refused to let my travel dreams die when I became a mom. Here's how I budget to keep my family of 4 traveling the world full-time.
▼ + stars: | 2024-02-12 | by ( Beth Mccarter | ) www.businessinsider.com time to read: +7 min

They maintain a modest budget by renting out their home, spending less, and embracing slow travel. We've since traveled across Europe, Mexico, French Polynesia, and most of the southern United States, all on a modest budget. AdvertisementAuthor and her husband both left teaching and are fulfilling their lifelong travel dreams. We've found that balancing frugal living and quality of life is key to living out our worldschooling dreams while maintaining financial stability. By living out my travel dreams, I'm showing my children, especially my daughter, that your dreams shouldn't die when you become a mom.

Persons: Beth McCarter, —, I'm, that's, I'd, we're, We've, I've, isn't, COVID, worldschooling, Worldschooling isn't Organizations: Service, Travel, Disney, slobbery bulldogs Locations: Tahiti, Europe, Mexico, French Polynesia, United States, Texas, France, Asia

☆ Where to see April’s total solar eclipse
▼ + stars: | 2024-02-11 | by ( Marnie Hunter | ) edition.cnn.com time to read: +11 min

CNN —The total solar eclipse passing over a swath of North America is less than two months away. The August 2017 total solar eclipse is seen from John Day Fossil Beds National Monument near Mitchell, Oregon. There’s a lunchtime Solar Eclipse Watch Party in downtown Dallas on eclipse Monday with live music and food trucks. Indianapolis, IndianaIndianapolis is located along the center line of the path of totality for the April 8 total solar eclipse. The city’s last total solar eclipse was nearly 100 years ago on January 25, 1925, according to a Rochester eclipse website.

Persons: it’s, Airbnb, “, John, Adrees Latif, Dave Clark, that’s, Clark, Michael Zeiler, GreatAmericanEclipse.com, Jay Anderson, ”, ” Anderson, Cerra, David Esquivel, Esquivel, El, Natalia Silyanov, There’s, Christopher Roth, Anderson, Adam Stiles, Catharines, Geoff Robins, haven’t Organizations: CNN, Reuters, CNN Travel, Planetarium Torreón, Astronomical Society of Mazatlán, Llano Visitor Center, Chamber of Commerce, Enchanted, Natural Area, Natural, ., Dallas , Texas Dallas, Eclipse Watch Party, Dallas, Dallas Museum of Art, Dallas Arboretum, Botanical, Sixth, Eclipse, Indianapolis Motor Speedway, NASA, Indy, Euclid, Great Lakes Science Center, NASA’s Glenn Research Center, Circle, Cleveland Museum of, Wade, Wade Oval, Destination Cleveland, Rochester Museum & Science Center, Niagara Falls Tourism, Niagara Parks, . Parks, Getty Locations: North America, Mexico, Canada, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Texas, Mitchell , Oregon, Torreón, Mexican, Coahuila, That’s, las, Mazatlán, Sinaloa, El Faro, Llano , Texas, Llano, Enchanted Rock, Dallas , Texas, Dallas, Fort Worth, Dealy, Russellville , Arkansas, Russellville, Indianapolis , Indiana Indianapolis, Indianapolis, Cleveland , Ohio Cleveland, Lake Erie, Edgewater, Euclid Beach, There’s, Cleveland, Independence, North Olmsted, Beachwood, Westlake, Destination Cleveland . Rochester , New York Rochester, Rochester, Ontario, Niagara, Niagara Falls, The City, St, ., AFP

☆ Taylor Swift will lead to more betting on the Super Bowl, with one sportsbook benefiting in particular, analyst says
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Penn Entertainment's ESPN Bet sports betting service could prove to be a winner at the Super Bowl on Sunday — helped by the Taylor Swift effect, according to Bank of America. Morgan Stanley analyst Stephen Grambling calculates Swift could lead to about a 10% rise in viewership. These include proposition, or "prop," bets that aren't tied to the final score, such as "How many times will Taylor Swift be shown on camera during the telecast of the game?" or "Will the MVP mention Taylor Swift in his speech?" ESPN Bet especially could benefit because, compared with other sports betting platforms, it "may have a higher proportion of female bettors," Kelley wrote.

Persons: —, Taylor Swift, Travis Kelce, Shaun Kelley, Morgan Stanley, Taylor, Stephen Grambling, Swift, Grambling, Kelley, Clark Hunt, CNBC's, aren't, — CNBC's Michael Bloom Organizations: Penn, ESPN Bet, Bank of America, Kansas City Chiefs, NFL, Chiefs, ESPN Locations: Las Vegas, U.S

NEW YORK (AP) — A Brooklyn woman who pleaded guilty to fraud in connection with various pandemic-era relief schemes was sentenced Thursday to three years of probation and $650,000 in penalties. Prosecutors said Chanette Lewis, 32, carried out some of the schemes by leveraging her job at a call center, part of a New York program meant to provide health care workers with isolation rooms in hotels. They said she provided free hotel rooms to people she knew weren’t eligible health care workers or COVID-19 patients, including herself. I thank New York City Emergency Management for reporting this matter," New York Department of Investigation Commissioner Jocelyn Strauber said in a statement. Lewis was sentenced to three years of probation and ordered to forfeit $290,000 and pay another $360,000 in penalties.

Persons: Prosecutors, Chanette Lewis, “, Jocelyn Strauber, Lewis Organizations: Brooklyn, New, New York City Emergency Management, New York Department of, U.S, Attorney, Southern, of, Facebook, Department, Associated Press Locations: York, New York City, U.S, New York, of New York

☆ Inside a Mount Everest Teahouse, Where a Gallon of Gas Can Cost $113
▼ + stars: | 2024-02-07 | by ( Clancy Morgan | Enxhi Dylgjeri | ) www.businessinsider.com time to read: 1 min

The Everest base-camp trek takes days and over 100 kilometers of hiking. But the porters, who carry upwards of 45 kilograms each day, usually stay in separate lodging from the climbers who hire them. And at over 4,200 meters, getting anything to a teahouse, whether on back or by yak, is a logistical nightmare. So, what's it like inside these teahouses? And how do you run a business at the top of the world?

☆ A Last-Minute Trip to What May Be the Priciest Super Bowl Ever: Around $9,859 Per Person
▼ + stars: | 2024-02-06 | by ( Shannon Sims | ) www.nytimes.com time to read: +1 min

So you want to go to the Super Bowl this weekend. Even for non-football fans, this year’s spectacle of professional sports and over-the-top entertainment — in Las Vegas, no less — could be hard to resist. Considering the cost of flights, lodging, assorted travel expenses and entry into Allegiant Stadium, Super Bowl LVIII may be the most expensive to attend. As of Tuesday, people were paying a median of $8,776 per ticket, according to data from the ticket marketplace Vivid Seats, thousands of dollars more than most recent Super Bowl matchups. Driving the demand are a number of factors, including the possibility of Taylor Swift attending, the stadium being one of the National Football League’s smallest in terms of capacity and Las Vegas hosting its first Super Bowl.

Persons: Nick Bosa, Patrick Mahomes, Travis Kelce, Usher, Luke Combs, Adele, Wu, Clan —, Monika Bertaki, Harry Reid, Taylor Swift Organizations: San Francisco 49ers, Kansas City Chiefs, Harry, Harry Reid International Airport, Henderson, Airports, Allegiant, National Football, Las Vegas Locations: Las Vegas, North Las Vegas

☆ I'm a travel expert and often travel with my family. These 5 romantic destinations are surprisingly great for families.
▼ + stars: | 2024-02-04 | by ( Taryn White | ) www.businessinsider.com time to read: +8 min

In fact, the world is brimming with destinations that effortlessly cater to both lovebirds and jet-setting families, merging fine dining, lavish lodging, and kid-approved activities. Go adventuring in St. LuciaSt. Lucia holds a special place in my family's hearts, as one of our first international destinations. Taryn White says that while CrossKeys Vineyard is great for couples, families with kids can also enjoy the atmosphere. Courtesy The Trip Wish ListFor those seeking a luxurious family retreat, there are many options, like Salamander Middleburg in Loudoun County. It also has family suites complete with bunk beds or twin beds, ensuring that everyone has plenty of space to unwind after a day of sightseeing.

Persons: —, I've, Lucia St, Lucia, Bean, there's, Walsh, Taryn White, CrossKeys, Paris isn't, Gigi, Angelina Organizations: Service, des Pitons, Gros, Petit, Resorts, Aurora, Aurora Entertainment, Virginia Wine, Veritas, Keswick Hall, Michelin, Jardin du, Jardin des, Louvre Museum, Fish Locations: Maldives, French Polynesia, Caribbean, St, Sulphur Springs, New Jerusalem, Morne, des, Anguilla, Little Bay, Sandy Islands, Zemi, Aurora, Morais, Salamander Middleburg, Loudoun County, Albemarle County, Clifton, Paris, Jardin, Jardin du Luxembourg, Jardin des Tuileries, Hana, Makena

☆ Mardi Gras just keeps getting bigger and bigger
▼ + stars: | 2024-02-02 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

The economic impact of the 2023 Mardi Gras celebration was $891 million, according to a new study. "The economic impact of Mardi Gras continued to grow as the local and national economy was expanding," Weiss told Business Insider. "You can see that when you see non-locals walking around with Mardi Gras beads in July. Additionally, business conventions that come to the city throughout the year still want the Mardi Gras experience and add to the city's financial boost by putting on mini Mardi Gras events, Weiss said. Additionally, out-of-town visitors are believed to have spent more than $140 million during Mardi Gras, including $84 million on lodging.

Persons: —, Toni L, Weiss, Mardi Gras, ERIKA GOLDRING, Mardi Organizations: Service, Tulane, Mardi, University of New, Las Vegas, Visitors, Gras, Tulane University Locations: New Orleans, Mardi Gras, Mardi, University of New Orleans, Glendale , Arizona

Part motel, part new-age clinic, the facility offers nightly rentals in rooms that come equipped with “BioHealers” –- canisters that the company claims exude “life force energy,” or biophotons. “There are some forces driving that: obviously the internet and social media, and distrust of traditional medicine, traditional science. Given the primary importance of health, it’s hardly surprising that unproven medical claims and products that seem too-good-to-be-true have a long history in America. “ Distrust of government and distrust of major institutions makes people vulnerable,” said Stephen Barrett, a psychiatrist and expert in unproven medical claims who launched the organization Quackwatch in the 1970s to highlight medical scams. As a result, low-level hucksters or those peddling unproven treatments often don’t get as much attention.

Persons: BUTLER, exude, Tesla, Dr, James Liu, ”, Liu, Timothy Caulfield, Medbeds, Donald Trump, “ I’m, medbeds, ” Liu, it’s, John Brinkley, they’ve, Alex Jones, Trump, Stephen Barrett, Elon Musk, Nikola Tesla, Seth Robinson, Robinson doesn’t, We’re, Tesla’s, I’ve, Caulfield, ” Caulfield, “ It’s, ” Tesla’s, Bahman Anvari, It’s Organizations: Tesla, MedBed, Penn State University, “, University of Alberta, Walmart, Associated Press, Drug Administration, Elon, FDA, AP, University of California Locations: Pa, Pittsburgh, China, New Jersey, Butler, Tennessee, America, Florida, Delaware, Riverside

☆ It’s National Plan for Vacation Day. Here are 4 big ways to save on your next trip
▼ + stars: | 2024-01-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Travelcouples | Moment | Getty ImagesJan. 30 is National Plan for Vacation Day — and travelers mapping out their next excursion have a few reliable money-saving hacks at their disposal. Avoid peak seasonTraveling during a destination's shoulder or off season — and avoiding its busiest periods — is a surefire way to save big bucks, experts said. "Shifting away from the peak, peak months, even weeks, is key," said Hayley Berg, lead economist at Hopper, a travel app. June through August are generally among the busiest months for domestic and overseas trips — and that often means higher prices. watch nowFor example, on average, travelers can save 32%, or $112, on round-trip domestic airfare by going during September and October instead of peak summer months, according to Hopper data.

Persons: Hayley Berg, Hopper, Berg, Sally French Organizations: —, Savings, Finance, Google Locations: New Europe, Oceania, Las Vegas, Miami, Cancun

☆ Sen. Kyrsten Sinema has spent more than $200,000 of taxpayer funds on private jet travel: report
▼ + stars: | 2024-01-29 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Independent Sen. Kyrsten Sinema has spent more than $200,000 of taxpayer cash on private jet travel. She's also spent thousands of dollars in campaign cash on travel and lodging in places she competed. AdvertisementIndependent Sen. Kyrsten Sinema has spent more than $200,000 of her congressional office budget on private jet travel, according to a new report from The Daily Beast. Sinema's reasoning for using private flights may be to avoid wasting time, as the original report noted, but another reason is just as possible: personal safety. Representatives from Sinema's office did not respond to Business Insider's request for comment.

Persons: Sen, Kyrsten Sinema, She's, —, Sinema, she's, Joe Biden's, Sinema's, she'll, Kari Lake, Ruben Gallego Organizations: Service, Daily, Senators, Arizona State University, Democratic, Republican, Democratic Rep Locations: Arizona, Ruben Gallego .

☆ Justice Department settlement concludes Andrew Cuomo sexually harassed state employees
▼ + stars: | 2024-01-26 | by ( Holmes Lybrand | Devan Cole | ) edition.cnn.com time to read: +4 min

CNN —The Justice Department concluded Friday that former New York Gov. Andrew Cuomo sexually harassed state employees, supporting the findings of a previous state civil review of allegations against the former governor. The department reached an agreement with the New York State Executive Chamber resolving the claims of sexual harassment and retaliation against the Democratic former governor, according to a release from the Justice Department on Friday. “Governor Cuomo repeatedly subjected these female employees to unwelcome, non-consensual sexual contact; ogling; unwelcome sexual comments; gender-based nicknames; comments on their physical appearances; and/or preferential treatment based on their physical appearances,” the Justice Department found. In August 2021, the New York attorney general’s office found that Cuomo had sexually harassed 11 women and created a “hostile” work environment for women.

Persons: Andrew Cuomo, Cuomo, Letitia James ’, Governor Cuomo, Cuomo’s, “, Rita Glavin, Cuomo “, NYS Attorney General’s, ” Rich Azzopardi, Department’s, Mariann Wang, ”, ” Wang, Debra Katz, Charlotte Bennett, Kathy Hochul, Hochul, Kristen Clarke Organizations: CNN, The Justice Department, New York Gov, New York, Chamber, Democratic, Justice Department, New, Justice, NYS Attorney Locations: New York

☆ I stayed in a Disney World suite that can cost over $8,000 a night. See inside the 1,000-square-foot space with 2 bathrooms.
▼ + stars: | 2024-01-24 | by ( Jacqueline Dole | ) www.businessinsider.com time to read: +1 min

I stayed in a park-view deluxe suite at The Four Seasons Resort Orlando at Disney World. Prices fluctuate seasonally, but the 1,000-square-foot suite is regularly over $8,000 a night. The luxurious suite had two big bathrooms and beautiful views of Magic Kingdom's fireworks. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementI spent a night in a newly renovated park-view deluxe suite at The Four Seasons Resort Orlando at Disney World.

Persons: — Organizations: Disney, Service, Magic Kingdom

☆ I went on a romantic getaway with a guy I'd just started dating. I realized he wasn't into me in the middle of the trip.
▼ + stars: | 2024-01-21 | by ( Emy Rodriguez Flores | ) www.businessinsider.com time to read: +4 min

He was the first guy I'd liked since moving to Barcelona. AdvertisementThe getaway started with a long road trip, but something was offAt what felt like the crack of dawn, I woke up and quickly got ready for our journey. During coffee, I noticed him acting a little different, but I just chalked it up to the long road trip and the time. Either way, we spoke the entire trip, and it felt like I was getting to know him better. Walking over to check it out, I felt him do the same, and at one point, I felt tension as we looked out from the terrace.

Persons: I'd, gasped, William Shakespeare Organizations: Service, Michelin Locations: Barcelona, Europe, Valladolid, Abadía

☆ Inside $9 billion WorldQuant's 15-year anniversary celebration in the Bahamas, with talks from Arnold Schwarzenegger and Malcolm Gladwell, plus performances from David Blaine
▼ + stars: | 2024-01-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

The Baha Mar resort in Nassau was full of quants, engineers, and data scientists the week before Christmas. Attendees heard speakers such as Arnold Schwarzenegger, author Malcolm Gladwell, and retired US Army Gen. Stan McChrystal speak on different topics, including the future of technology and history. One session featured Boston Dynamics founder Marc Raibert speaking on robotics and artificial intelligence with the firm's robot dog, Spot, next to him. But for those at WorldQuant looking forward to relaxing, the resort has plenty of options. Entertainment during the week also included a performance from David Blaine, the well-known illusionist.

Persons: Izzy Englander's, Igor Tulchinsky, Arnold Schwarzenegger, Malcolm Gladwell, Stan McChrystal, Marc Raibert, Magnus Carlsen, Baha, David Blaine Organizations: Baha, Business, US Army, Boston Dynamics, Hyatt, Entertainment Locations: Nassau, Bahamas, Connecticut

The Ouray County Plaindealer is published on Thursdays and delivered to racks late Wednesday. The rack price for the weekly newspaper is $1, so someone spent $12 opening racks and removing all the newspapers, Wiggins said. They missed one newspaper rack at a coffee shop, so about 200 papers were stolen. He believed the person who returned the newspapers was the person who took them and that only one person was involved in the theft. Someone taped over the coin slot on the newspaper rack at the campground and covered the plexiglass window with a sign asking them to remove the rack, he said.

Persons: Mike Wiggins, We’ll, Wiggins, ” Wiggins, Jeff Wood, “, Erin McIntyre, McIntyre Organizations: Plaindealer, Ouray Police, Associated Press Locations: Colorado, Ouray County, Ouray

☆ Inside $9 billion WorldQuant's 15-year anniversary celebration in the Bahamas, with talks from Arnold Schwarzenegger, performances by David Blaine, and a $100,000 chess tournament
▼ + stars: | 2024-01-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

The Baha Mar resort in Nassau was full of quants, engineers, and data scientists the week before Christmas. One session featured Boston Dynamics founder Marc Raibert speaking on robotics and artificial intelligence with the firm's robot dog, Spot, next to him. Chess champion Magnus Carlsen came to play with teams from 12 different countries playing to win a $100,000 grand prize. But for those at WorldQuant looking forward to relaxing, the resort has plenty of options. Entertainment during the week also included a performance from David Blaine, the well-known illusionist.

☆ Will Hotels Finally Beat Rentals in the Lodging Tug of War?
▼ + stars: | 2024-01-18 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

In cities from New York to Vienna, new short-term-rental restrictions — designed to improve housing availability for residents — are poised to boost the bottom lines at hotels. However, travelers working remotely continue to favor rentals, which remain strong in rural areas where there are more rentals than hotels. “Hotel supply is primarily in larger urban centers or along interstates,” he added. Though rentals are expected to account for just over 15 percent of lodging demand in 2024, compared to about 12 percent before the pandemic, they have profoundly challenged hotels. In response, hotels have adopted more residential features.

Persons: Airbnb, We’ve, ”, Jamie Lane Organizations: — Locations: New York, Vienna

☆ A low-risk options trade that wins if a volatile casino stock surprises the Street next week
▼ + stars: | 2024-01-18 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Looking at the earnings calendar for next week, a tale of two types of consumer stocks emerges: the predictable and the volatile. We'll look at an options trade that could win if one of the volatile stocks surprises Wall Street. But also reporting are two of the most well known consumer staples stocks, Procter & Gamble (PG) and Colgate-Palmolive (CL) . There were few areas hit harder by the Covid lockdowns than consumer discretionary stocks in the travel, lodging and dining industries. The trade: LVS call spread The company's revenues have recovered meaningfully, but not completely.

Persons: LVS Organizations: Vegas, Procter, Gamble, Colgate, Palmolive, Procter & Gamble, Colgate Palmolive Locations: Marina Bay Sands, Singapore, Macao, Vegas

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ How Will A.I. Change My Vacation This Year?
▼ + stars: | 2024-01-18 | by ( Julie Weed | ) www.nytimes.com time to read: +1 min

It is hard to believe that it has only been about a year since travelers started dabbling in ChatGPT-created itineraries. is like a teenage intern,” said Chad Burt, co-owner of the travel adviser network Outside Agents, “better, smarter, faster than you, but you need to lead them.”The expanding use of A.I. could influence how we book online, what happens when flights are canceled or delayed, and even how much we pay for tickets. For example, it could improve automatic rebooking onto new flights when customers miss connections or weather snarls runways. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight.

Persons: ”, Chad Burt, “, Oren Etzioni, Gilbert Ott Organizations: University of Washington, United Airlines Locations: Point.me

☆ Office properties lead surge in commercial real estate delinquency rates
▼ + stars: | 2024-01-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Delinquency rates on loans backed by office properties jumped to 6.5% in the fourth quarter, an MBA survey found. Out of all the commercial real estate loan delinquency rates tracked by the survey, office loans led the pack. AdvertisementFinancial troubles continue to plague the office market, which led an increase in commercial real estate loan delinquency rates. Zooming out, the commercial real estate sector has been in a pinch ever since interest rate hikes made borrowing money a lot more expensive. AdvertisementStill, MBA's survey found that while the office market segment of commercial real estate is still wobbling, other slices of the sector are recovering.

Persons: —, multifamily, Jamie Woodwell Organizations: Service, Financial, Mortgage Bankers Association, Capital Economics

☆ A $174,000 salary isn't enough for members of Congress. In fact, they should probably give themselves a $100,000 raise.
▼ + stars: | 2024-01-12 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +12 min

With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.

Persons: that's, —, It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, —, Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi

☆ The deterioration of corporate training has become a hot topic after a recent college grad said she was 'hired and fired' 6 days into her first job
▼ + stars: | 2024-01-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA recent grad who said she was "hired and fired in less than two weeks" from her first job out of college has sparked a conversation on TikTok about the deterioration of corporate onboarding. She said it was her first full-time job after graduating from college last August. Frederick said her colleagues told her they didn't know what to give her to do, which led her to feel "useless." She was told it wasn't working out and the company would be seeking another candidate.

Persons: —, Sierra Desiray Frederick, she'd, Frederick, hadn't, she's Organizations: Service, Aldi, Business Locations: Tennessee

☆ Inflation slowed to a 3.1% annual rate in November
▼ + stars: | 2023-12-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

While the monthly rate indicated a pickup from the flat CPI reading in October, the annual rate showed another decline after hitting 3.2% a month earlier. The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department reported Tuesday . Economists surveyed by Dow Jones had been looking for no gain and a yearly rate of 3.1%. Food prices increased 0.2%, boosted by a 0.4% jump in food away from home. On an annual basis, food rose 2.9% while energy was down 5.4%.

Persons: Dow Jones, Liz Ann Sonders, Charles Schwab, Lisa Sturtevant Organizations: Labor Department, Federal Reserve, Treasury, Bright MLS, Fed, CNBC Fed Survey, CNBC PRO

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