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☆ 5 real-estate investing veterans share their wealth-building strategies heading into 2023, including how they're finding great deals and putting their cash to work
▼ + stars: | 2022-12-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Others are focused on optimizing their current rental properties. Dana Bull is optimizing the rental properties she already ownsReal estate investor and consultant Dana Bull. Matt 'The Lumberjack Landlord' is bolstering his cash cushionNew Hampshire-based real estate investor Matt "The Lumberjack Landlord" and his family. Karina Mejia is poised to expand her portfolio and wants properties that will immediately cash flowReal estate investor Karina Mejia owns properties in Boston and Georgia. Mike Zuber is writing aggressive offers two times a weekReal estate investor Mike Zuber and his wife Olivia.

☆ Premarket stocks: How the Fed could do a smaller rate hike and still upset markets
▼ + stars: | 2022-12-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

That will mark its seventh and final painful hike of the year, albeit a smaller one than the last four historically high three-quarter point increases. Investors will be paying close attention to these forecasts for clues about the path of rate hikes in the new year and beyond. Now the opposite is true, the dots have become a signal that interest rates will remain elevated into the future — spooking investors and Fed watchers alike. Back in December 2021, the Fed was only expecting rates to finish this year at about 0.9%. What else: Wednesday will also bring the Fed’s latest forecasts for the unemployment rate and gross domestic product (GDP) growth.

☆ Kyrsten Sinema's party switch may make life that much harder for her already stressed out Hill staff
▼ + stars: | 2022-12-12 | by ( Warren Rojas | Nicole Gaudiano | ) www.businessinsider.com time to read: +4 min

Kyrsten Sinema's staff have had a tough time on Capitol Hill, with complaints of a "demoralizing" workplace. "He (and his staff) built a lot of good relationships with other senators and their staff," Overland wrote of the goodwill Lieberman had earned during his career. "Sen. Sinema has been in office less than one term and has been causing headaches for the party pretty much the entire time." A Sinema spokesperson declined to comment for this story. John LaBombard, Sinema's former communications director, said on Friday that Sinema told her staff about her decision in advance and he had not heard any negative reaction so far.

Money manager positioning on the CME's copper contract shifted back to a net long at the start of November for the first time since early May. Bulls remain conspicuous by their absence, waiting to see how Doctor Copper prices the confusing combination of Western recession and tentative recovery in China. The bounce has forced an unwind of fund short positions, which have more than halved to 31,177 contracts as of last Tuesday. Bears have retracted their claws on both exchanges but there's been no corresponding surge in bullish exuberance among fund managers. Investment fund and other financial net positioning on LME copperRECOVERY AND RECESSIONFunds' reticence to commit to copper is understandable given the market is trying to price two conflicting trends.

Below, Select shares insight on what you should consider to stay on track with your retirement savings as we close out 2022. So it's important to consider this carefully so you can avoid outliving your retirement savings — or even over-sacrificing when you're younger. Or perhaps you actually don't need to be as aggressive in your retirement savings next year. Wealthfront Learn More On Wealthfront's secure site Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

☆ Swear words in different languages have one thing in common
▼ + stars: | 2022-12-10 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

What they found, though, was that in several languages, swear words are missing the l, r, w and y sounds. The only discernible pattern they could find among the swear words were the missing sounds throughout: the approximants l, r, w and y. (The researchers made up many of the words for this part of the study, based on existing words in different languages.) The participants were “significantly less likely” to select the words with approximants when asked to identify swear words, McKay and Lev-Ari wrote. Those almost-but-not-quite-curses are called “minced oaths,” words that sound similar to, but still notably different from, swear words.

☆ As 'zero-Covid' nears end, Chinese remember whistleblower doctor
▼ + stars: | 2022-12-10 | by ( Dorothy Kam | ) www.cnbc.com time to read: +3 min

In this 2020 photo, flower bouquets sit outside of the Houhu Branch of Wuhan Central Hospital in honor of late ophthalmologist Li Wenliang. Li, a doctor who was punished after raising the alarm about the new coronavirus, died on Feb. 7, 2020 after being infected by the pathogen. As China moves away from its strict "zero-Covid" controls, there has been a resurgence of online tributes to Li Wenliang, a whistleblower doctor who became a symbol of public dissatisfaction with the ruling Communist Party's handling of the coronavirus pandemic. This week, Chinese officials announced they were abandoning key pillars of President Xi Jinping's "zero-Covid" strategy, including broad lockdowns, mass testing and quarantine in centralized government facilities. The latest easing of restrictions comes after mass protests across China against the "zero-Covid" controls, with some demonstrators calling for Xi to step down.

☆ Sen. Kyrsten Sinema leaves Democratic Party and registers as an independent
▼ + stars: | 2022-12-09 | by ( Chantal Da Silva | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mike-Memoli-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +4 min

Arizona Sen. Kyrsten Sinema has announced she is leaving the Democratic Party and officially registering as an independent. Sen. Kyrsten Sinema leaves the Capitol building on Oct. 27, 2021. After joining the Democratic Party, she served in the Arizona state Legislature and went on to win a seat in the U.S. House in 2012 representing the Phoenix area. The Biden administration was informed of Sinema’s decision to leave the Democratic Party “mid-afternoon” on Thursday, a senior administration official said. Biden did acknowledge Sinema in his remarks, however, saying: “I want to thank Senator Sinema, who can’t be with us today.

☆ As ‘zero-Covid’ nears end, Chinese remember whistleblower doctor
▼ + stars: | 2022-12-09 | by ( Dorothy Kam | ) www.nbcnews.com time to read: +3 min

Weeks later, as the coronavirus shut down cities in China and began spreading around the world, Li died from the disease after contracting it at work. This week, Chinese officials announced they were abandoning key pillars of President Xi Jinping’s “zero-Covid” strategy, including broad lockdowns, mass testing and quarantine in centralized government facilities. Many social media users rushed to tell Li, flooding his profile on Weibo, a Twitter-like platform, with expressions of gratitude, celebration and grief. The latest easing of restrictions comes after mass protests across China against the “zero-Covid” controls, with some demonstrators calling for Xi to step down. Some Weibo users vowed to make Li proud as case numbers rise.

A female police officer in Chicago says a supervisor forced her to perform oral sex on him inside a car. A female officer in Philadelphia says a sergeant grabbed her hand and placed it on the crotch of his pants. And a female officer in New York says one of her superiors hacked into her Snapchat account and showed off her intimate photos to a male commander. “How can you be in charge of male and female officers with the record that you have?”Marchese didn’t respond to requests for comment. Of the 87 NYPD officers accused in court papers of abusing female officers, 27 have since moved up in rank, according to an NBC News review.

Summary Data due at 1200 GMT Dec. 12BENGALURU, Dec 9 (Reuters) - India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food prices, according to a Reuters poll of economists. Food prices alone account for nearly 40% of the consumer price index (CPI) basket in Asia's third largest economy. The Dec. 5-8 Reuters poll of 45 economists predicted the second consecutive decline in inflation (INCPIY=ECI) to an annual 6.40% from 6.77% in October. The central bank maintained its inflation forecast for financial year 2022/23 at 6.7%, the same as a recent Reuters poll. Furthermore, there are upside risks to food inflation particularly from cereals."

☆ Kyrsten Sinema ditches Democrats to become an independent, undermining party's narrow Senate majority
▼ + stars: | 2022-12-09 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Arizona Sen. Kyrsten Sinema has announced that she is leaving the Democratic Party. Her move comes days after the Democrats won a narrow majority in the Senate. "Becoming an Independent won't change my work in the Senate; my service to Arizona remains the same," she wrote. Her switch comes just days after the Democratic Party won a narrow majority in the Senate, after Georgia incumbent Sen. Raphael Warnock's won a run-off election in the state, beating out retired football player Herschel Walker. Warnock's victory gave Democrats a razor-thin majority of 51-49 in the Senate, which has now been thrown into doubt.

We are diversifying our income streams, maintaining a robust emergency fund, and keeping our pantry fully stocked. But beyond our regular jobs, we are looking for new ways to diversify our income streams. Maintaining a robust emergency fundA robust emergency fund has always been the cornerstone of my financial plans. But if all of our income streams dried up, I do know that we'd have some time to figure out our next move. Beyond taking a careful look at our holiday spending, we've started to look for other ways to cut down on our costs.

A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.

China has begun to ease some of its Covid restrictions after following a strict containment policy. A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.

☆ The Biden administration still hasn't found parents of 120 children separated from their families under Trump
▼ + stars: | 2022-12-08 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

120 children separated from their families under Trump are still without their parents. At least 5,000 children were separated from their families under the Trump administration in 2017 and 2018, and the precise number remains in flux as families continue to apply for help from the Department of Homeland Security. Some of the parents of separated children have been removed from the United States and cannot be contacted, they said. "We continue to try to reach the parents of the remaining 120 children. The Biden administration has also entered into settlement discussions that remain ongoing four years later with families affected by the Trump administration policy, according to the status report.

☆ Apple supplier Foxconn pushed China to ease COVID curbs - WSJ
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - Apple supplier Foxconn's (2317.TW) founder-director Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported. The Taiwan-based company's Zhengzhou plant, which saw a month-long unrest in November, has lifted its "closed-loop" management curbs on Thursday. The Zhengzhou plant had been grappling with strict COVID restrictions that fuelled discontent among workers over factory conditions, triggering an 11.4% year-on-year drop in November revenue. Some Wall Street analysts cut their iPhone shipment targets for the all-important holiday quarter as a result of turmoil at the major iPhone factory. Reporting by Chavi Mehta in Bengaluru; Additional reporting by Sarah Wu; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ India's c.bank set to raise rates; outlook on growth, inflation in focus
▼ + stars: | 2022-12-07 | by ( Swati Bhat | ) www.reuters.com time to read: +3 min

Reuters Graphics Reuters GraphicsThe central bank's outlook, which will accompany the rates decision, will be an important pointer to future policy moves, economists said. Global crude oil prices have been falling in recent months but has yet to be reflected in domestic prices. Sabnavis, who does not see the RBI reducing its inflation forecast, pointed out that though global oil prices have come down, the government has not relaxed duties or taxes. "Hence, the consumer is still paying the same price and has not derived any benefit from declining oil prices." Lower oil prices may also be countered by higher than expected food prices.

The monetary policy committee (MPC), comprising three members from the RBI and three external members, raised the key lending rate or the repo rate (INREPO=ECI) to 6.25% in a majority decision. "The MPC was of the view that further calibrated monetary policy action was warranted to keep inflation expectations anchored, break core inflation persistence and contain second round effects,” Das said as he announced the monetary policy committee's decision. We see a possibility of another 25 bps rate hike before a prolonged pause," Upasna Bhardwaj, chief economist at Kotak Mahindra Bank said. A 6.8% growth (rate) is robust," Das said. The Indian rupee dipped against the dollar after the policy decision and comments on inflation, while government bond yields rose.

☆ Xi Jinping: Saudi's MBS rolls out the red carpet for China's president, in a not too subtle message to Biden
▼ + stars: | 2022-12-07 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +9 min

Saudi leaders will infuse the trip with a dose of spectacle. The Saudi king – or his powerful Crown Prince, Mohammed bin Salman – may bestow the Chinese leader with some honors and medals. Saudi Crown Prince Mohammed bin Salman fist bumps US President Joe Biden upon his arrival at Al Salman Palace, in Jeddah, Saudi Arabia, on July 15. Today, the US consumes only a fraction of that Saudi oil, and China is Saudi Arabia’s biggest client and trading partner. Over the last year, Gulf Arab countries appear to have ramped up their independent-minded policy.

☆ Indian shares unchanged ahead of RBI policy decision
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 7 (Reuters) - Indian shares had a muted open on Wednesday, ahead of a widely expected interest rate hike by the Reserve Bank of India, though investors will focus on the outlook the central bank provides on its fight against domestic inflation. The RBI is widely expected to raise rates by a smaller 35 basis points (bps), after three back-to-back 50-bps moves to tame stubbornly high inflation. The Nifty and Sensex have climbed 9% each since the last RBI rate hike on September 30. The sustainability of the drop in crude prices is also uncertain. "A likely smaller rate hike will signal a mix of cautiousness and comfort while keeping all options open for the February policy depending on the conditions," Suvodeep Rakshit, chief economist at Kotak Instituitonal Equities, wrote in a pre-monetary policy note.

These so-called Twitter Files were proof of “free speech suppression,” the billionaire claimed. But for supporters, the details are less important than the narrative: another battle in Musk’s grand war to protect and enable “free speech” — seemingly everywhere and anywhere. Before Musk, Twitter wisely began labeling and then removing tweets that disseminated false information about the pandemic. But it feels like Musk’s actions as head of Twitter are incorrectly being blended with his statements on free speech. Musk’s self-proclaimed defenses of free speech sound good — most Americans remain, rightly, committed to this fundamental tenet of constitutional freedom.

☆ The company accused of employing dozens of minors in slaughterhouses on the graveyard shift reaches agreement with the feds
▼ + stars: | 2022-12-06 | by ( Laura Strickler | Julianne Mcshane | Laura Strickler Is A Washington-Based Investigative Reporter With The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +4 min

An industrial cleaning company accused by federal investigators of hiring dozens of children to clean slaughterhouses during the graveyard shift has resolved the allegations with the U.S. Department of Labor, according to a federal court filing filed Tuesday morning. The company will also provide a new child labor provision in its contracts with clients and will notify the Labor Department as to how many employees it terminated as a result of its compliance with child labor laws. Allegations of child labor at a slaughterhouse in Grand Island, Nebraska, date back to 2016, according to a previously unreported local police report obtained by NBC News. At least three chiildren suffered chemical burns as a result of working in the slaughterhouses, according to that complaint. The Department of Labor’s Child Labor Regulations designates many roles in slaughterhouse and meatpacking facilities as hazardous for minors.

☆ Operators of 13 Pittsburgh-area McDonald's locations accused of child labor violations
▼ + stars: | 2022-12-06 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +3 min

Thirteen McDonald's franchise locations in the Pittsburgh area are accused of violating child labor laws by allegedly employing 101 14- and 15-year olds outside of permissible work hours, the Department of Labor announced Monday. The spokesperson added that, in addition to paying the fine, Santonastasso Enterprises LLC had to agree to full future compliance with department regulations. The spokesperson added that the department does not disclose if they plan to investigate other McDonald’s locations across the country. The violations follow more than 4,000 child labor violations the Department of Labor has identified affecting more than 13,000 minor workers from 2017 to 2021. A spokesperson for the company said in a statement that PSSI has "zero tolerance" for such violations.

☆ China’s Covid Easing Fuels Stock-Market Hopes—and Fans Fears
▼ + stars: | 2022-12-06 | by ( Rebecca Feng | ) www.wsj.com time to read: 1 min

Chinese stocks have recently been whipsawed by the country’s attempts—and its numerous struggles—to move past the Covid-19 pandemic. Investors say it is only the beginning of what is likely to be a long and tumultuous period, as Beijing tries to pivot from a zero-tolerance Covid policy characterized by lockdowns and numerous restrictions to living with the virus and limiting its damage to the economy. Economists and strategists say China’s path to reopening in the coming year is littered with hurdles that make it difficult for investors to predict the impact on domestic spending, corporate earnings and the country’s stock market.

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