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Glenn Youngkin's administration acknowledged this week, with early voting underway, that it is working to fix an error that caused an unknown number of eligible Virginians to be removed from the voter rolls. The Richmond news outlet reported the problem appears to stem from recent changes the agency has made in an attempt to remove people from the rolls who had their voting rights restored by a governor but went on to be convicted of a new felony. The governor has the sole discretion to restore those civil rights, apart from firearm rights, which must be restored by a court. “It is unacceptable that we are two weeks into early voting and the Youngkin administration does not even know how many Virginians they wrongfully purged from the voter rolls. Corinne Geller, a spokesperson for the Virginia State Police, told VPM the agency was making changes to the data it provided the Department of Elections to prevent further problems.

Persons: Glenn Youngkin's, Andrea Gaines, VPM, Aaron Mukerjee, Susan Swecker, ”, Jason Miyares, Corinne Geller, ” Geller Organizations: —, Virginians, Virginia State Police, Department, American Civil Liberties Union of, Virginia Democrats, Democratic Party of Virginia, administration’s Department, Republican, Virginia Department, Elections, Virginia Central Criminal Records Locations: RICHMOND, Va, Richmond, Virginia, Arlington County, American Civil Liberties Union of Virginia

☆ Impact of 'funflation' to continue beyond Taylor Swift and Beyoncé, says Bank of America
▼ + stars: | 2023-10-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Bank of America predicts people will continue to spend big on live entertainment. AdvertisementAdvertisementMaybe the epic summer of Taylor Swift, Beyoncé, and "Barbenheimer" was just the beginning and not just a one-off outlier. On the surface, this contradicts some earlier warnings that while entertainment spending did prop up the economy, it would be fleeting. Bank of America did warn in its report that there is some risk in betting on "funflation" to continue. But if Bank of America's predictions are correct, the economy may feel the effects of entertainment spending despite the diminished sparkle of the performers.

Persons: Taylor Swift, —, Beyoncé, Kevin Mazur, Grace Smith, Swift Organizations: of America, Service, Bank of America, Force, Bloomberg, MediaNews, Denver, Getty, Bloomberg Economics Locations: Stockholm, Denver, Swift

☆ U2 can't play every night: The Las Vegas Sphere will be a success only if it can sell pricey tickets for everyday events, expert says
▼ + stars: | 2023-10-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

But how big will the ball be when it comes to its success and the impact on Las Vegas tourism? "If they can sell tickets for $100 during the day in Las Vegas, it could be a big success. The Las Vegas Sphere dressed as a jack-o'-lantern. Tickets for The Sphere Experience start at $90 each and go up to $250 for the best seats. For The Sphere Experience, there are three shows on most Mondays, Tuesdays, and Thursdays, with four on Sundays.

Persons: Darren Aronofsky, —, Charles Bobrinskoy, Ariel Investments —, John Rogers, Bobrinskoy, Kevin Mazur, Taylor Swift Organizations: Las Vegas, Service, of, Ariel, Anadolu Agency, Getty, Bloomberg, Costco Locations: Las, Las Vegas

☆ We thought we avoided recession. Turns out we're not in the clear yet.
▼ + stars: | 2023-10-01 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The US economy showed signs of a soft landing this summer. In September, the Federal Reserve buoyed those hopes by keeping interest rates unchanged for the first time since the first quarter of 2022. At the start of the rate increase, many borrowers, such as existing homeowners, had low mortgage interest rates locked in. As the economist David Rosenberg says, it typically takes six months for a recession to hit the economy after interest rates increase by this much. AdvertisementAdvertisementAnd while Powell said a soft landing is "possible," he also warned that it could be decided by factors "outside our control."

Persons: —, Taylor, Oppenheimer, Morgan, David Rosenberg, Eric Thayer, Janet Yellen, Jerome Powell, Powell Organizations: Service, National Association of Business Economics, Bank of America, Federal Reserve, JPMorgan, Costco, Bloomberg, Gas Locations: Monterey Park , California

☆ The US consumer is starting to crack
▼ + stars: | 2023-09-28 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementEven as interest rates skyrocketed over the past 18 months, a good job market and strong consumer spending kept the US economy moving. However, there are growing signs that the strength of the US consumer is starting to crack. Earlier this month, the Fed kept interest rates unchanged, as expected. At the start of the rate increase, borrowers, like existing homeowners, had low mortgage interest rates locked in. Even dollar stores are starting to feel the pressure of more measured spending after initially benefitting from inflation as wealthier people looked for more value.

Persons: —, Morgan Stanley, It'll, Jerome Powell, Powell, David Rosenberg Organizations: Service, Federal Reserve, San Francisco Fed, United Auto Workers, National Association of Business Economics, Bank of America, Conference Board, JPMorgan, Bloomberg, Costco Locations: Michigan

☆ Inflation pushed the wealthy to shop at dollar stores. Now even those places are seeing people get tighter with their money.
▼ + stars: | 2023-09-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

During the pandemic, more people with higher incomes started shopping at dollar stores. They keep shopping in dollar stores, but they spend more time in the aisles with the most important products. In mid-2022, both Dollar General and Dollar Tree reported increased sales and noticed a rise in high-income customers. But now, in addition to lower sales, Dollar General is dealing with an overflow of inventory. Alex Bitter/InsiderOther businesses benefited from inflationThis recent surge in wealthier customers is not limited to just dollar stores.

Persons: —, Jeff Owen, Owen, Justin Sullivan, Mike Witynski, Witynski, General's, Todd Vasos, Alex Bitter, Chipotle Organizations: Shoppers, Service, Dollar, Wall Street, Wall Street Journal, CNN, Walmart

☆ Taylor Swift did something the football world thought was impossible: She made the NFL even more popular in the US
▼ + stars: | 2023-09-26 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Rumors had been circulating that Taylor Swift was dating Kansas City Chiefs star Travis Kelce. Swift attended a Chiefs game on Sunday and left a huge impact on the NFL. Swift made a somewhat surprising visit to a Kansas City Chiefs game on September 24 as the guest of star tight end Travis Kelce. A Kansas City Chiefs fan holds up a sign asking if Taylor Swift is at the game. Maybe they just needed three hours of Taylor Swift in the stands.

Persons: Taylor Swift, Travis Kelce, Swift, —, Taylor, Jason Hanna, Usher, Barnaby Lane, Kelce Organizations: Kansas City Chiefs, Chiefs, NFL, Service, Associated Press, Super, ESPN, Marketing Locations: Europe, London, Germany, Brazil, Spain

☆ Tourists are still not returning to China and that's not good for anybody
▼ + stars: | 2023-09-26 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

International tourism to China is still well below pre-pandemic levels. Tourism is one of several economic woes in China that could spill over into the global economy. Now add another problem — China's tourism industry is struggling to recover from the pandemic. AdvertisementAdvertisementThe China Tourism Association noted in May that "the number of visitors from Europe, America, Japan and Korea are all dropping, substantially," The Japan Times reported. China's problems could spill over into the global economyTrouble for China's economy could mean more bad news for the rest of the world.

Persons: —, Fan Lei, Taylor, Grace Smith, Janet Yellen, Joe Biden, Tourism hasn't, They're Organizations: Tourism, Service, Street Journal, China Tourism Association, Japan Times, Tourists, Forbidden, US State Department, CNN, China Morning, MediaNews, Denver Locations: China, Ukraine, Europe, America, Japan, Korea, Forbidden City, Denver

☆ Travis Kelce is one of the world's best football players — but his annual salary is less than the ticket sales for a single Taylor Swift concert
▼ + stars: | 2023-09-25 | by ( Cork Gaines | Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Rumors have been circulating that Taylor Swift is dating Kansas City Chiefs star Travis Kelce. Swift attended a Chiefs game on Sunday and left the stadium with Kelce. A single "Eras Tour" concert brings in more in ticket sales than Kelce will earn the entire season. AdvertisementAdvertisementIn comparison, Swift brought in $13 million in ticket sales each night during the US leg of her concert tour. Taylor Swift at a Kansas City Chiefs football game.

Persons: Taylor Swift, Travis Kelce, Swift, Kelce, —, Spotrac, Forbes, Jason Kelce, you've, Andrew Petcash, Jason Hanna, We'll, Taylor Organizations: Kansas City Chiefs, Chiefs, Kelce, Service, NFL, of Famer, Philadelphia Eagles, Nike, Kansas City Chiefs football

☆ Gas prices look like they'll get better — but not before getting worse first
▼ + stars: | 2023-09-24 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

But there are signs that both supply and demand will bring prices back down in the coming months. AAA reported this week that the average price for a gallon of gas in the US was $3.88. AdvertisementAdvertisementAn atypical spike in pricesThe increase in gas prices is unusual, as we typically see some relief after the summer surge as demand wanes. If true, the worries about the impact of rising gas prices on consumer spending and inflation are overblown. AdvertisementAdvertisementIn recent years, with oil prices closer to $70 a barrel, gas prices have typically been close to $3 a gallon.

Persons: Mohamed el, Saudi Arabia's, Mohamed Oun, there's, Jorge León, Mike Wirth, we've, hasn't, Wirth, Grace Smith, David Kelly, We're, Kelly, Citi's, Ed Morse Organizations: Service, AAA, Allianz, Saudi, Reuters, Rystad Energy, US Strategic Petroleum Reserve, Biden, Strategic Petroleum Reserve Energy Department, Strategic Petroleum Reserve, Chevron, Bloomberg, Denver, MediaNews, Getty, Morgan Asset Management, Citigroup, CNN Locations: Russia, Saudi Arabia, Wall, Silicon, California, Clearwater Beach, Tampa , Florida, Libya, Ukraine, Brazil, Canada, Venezuela, Guyana

☆ Apple is 2 years into its hybrid work pilot and still doesn't know the right balance
▼ + stars: | 2023-09-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Apple's hybrid work pilot program is still going two years after it was first proposed. It started after employees pushed back against a plan to bring them back to the office three days per week. "So what we decided to do was run a pilot where people come into the office three days a week. Apple first announced the pilot program Cook spoke of in June 2021 as pandemic restrictions wound down and people came out into the sun squinting their eyes. In mid-2022, Cook told employees that the pilot program wasn't set in stone and expected aspects to be adjusted.

Persons: Tim Cook, Cook, Tayfun, —, Marc Benioff Organizations: Service, CBS, Apple, Anadolu Agency, Getty, Employees Locations: Wall, Silicon, Cupertino , California, United States, Chengdu, Southwest China's Sichuan province

☆ Mexico is trying to be best new trade buddies with both the US and China — but it might not be able to handle the pressure
▼ + stars: | 2023-09-20 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

Mexico is now America's top trade partner thanks to US-China tensions and "nearshoring." AdvertisementAdvertisementMexico's infrastructure is not readyBeing a more attractive trade partner to the US is one thing. China is now Mexico's largest trading partner globally, and Mexico is already China's second-largest trade partner in Latin America. China's Foreign Direct Investment in Mexico is still small (about 1% of Mexico's Foreign Direct Investment) but it is its fastest-growing source of outside investment. If Mexico's economy is going to surge, it needs to be more than just a middleman.

Persons: Luis Torres, —, Tesla, JULIO CESAR AGUILAR, Xi Jinping, Lintao Zhang, Kearney, Gerardo Esquivel Organizations: Service, Federal Reserve Bank of, Foreign, Investment, Bloomberg, Getty, Publishing Locations: Mexico, China, Wall, Silicon, Federal Reserve Bank of Dallas, Monterrey, Nuevo Leon, Nuevo León, Latin America, Yantai, Shandong Province, Mexican, United States

RICHMOND, Va. (AP) — Months after withdrawing from a data-sharing interstate compact to fight voter fraud, Virginia Gov. Glenn Youngkin's administration on Wednesday announced a series of recent steps it has taken to improve the accuracy of the state's voter rolls. Among them is the launch of new, individual data-sharing agreements with five other states and Washington, D.C., the Virginia Department of Elections said in a news release. “Secure elections start with accurate voter lists,” Elections Commissioner Susan Beals said Wednesday, two days before the start of early voting in this year's legislative elections. Virginia voters can check their registration status online.

Persons: Glenn Youngkin's, Susan Beals, ERIC, It’s, There’s, Aaron Mukerjee, Bob McDonnell, It's, Donald Trump’s, Beals, Andrea Gaines, Gaines, ” Organizations: Virginia Gov, Wednesday, D.C, Virginia Department, Elections, Registration, Democratic Party of Virginia, Virginia, Republican, GOP, Associated Press Locations: RICHMOND, Va, Virginia, Washington, Washington , Georgia , Ohio, South Carolina , Tennessee, West Virginia, “ Virginia, North Carolina, Maryland

☆ Read the 16-page pitch deck that 'Million Dollar Listing' star Josh Flagg and his cofounders used to raise $1.7 million for their real estate media startup
▼ + stars: | 2023-09-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Celebrity real estate agent Josh Flagg, media exec Griff O'Brien, and investor Andrew Shanfeld have teamed up to launch Estate Media, a personality-driven media company. Real estate has become a huge pop culture topic, aided by reality TV series like "Selling Sunset" and the "Million Dollar Listing" franchise. The company will offer content created with a network of real estate personalities who, Estate Media said, reach a collective 25 million followers. While the real estate industry has come down from its pandemic frenzy, O'Brien believes Estate Media can ride ups and downs in the market. Scroll down to see the deck Estate Media used to raise its seed round.

Persons: Josh Flagg, Griff O'Brien, Andrew Shanfeld, O'Brien, Flagg, Shanfeld, Jack Davis, Chip, Joanna Gaines —, There's, Margot Ettedgui, TikToker Aaron Grushow, Robert Rivani, Glennda Baker, Ricky Carruth, Adam Weitsman, Chris Heller, Rich Antoniello, Austin Rief, Devin Emery, Brian Goldsmith, Ricky Van Veen, Justin Killion, Spence Markel Organizations: Estate Media, Entertainment, Crypt, HGTV, Los Angeles, Estate, Ojo Labs, Complex Networks, Austin, Morning, Growth Partners, Powerhouse Capital, CollegeHumor

☆ Melissa, Texas, has a population of 19,000 and a high school football stadium that some colleges would envy. See inside the $35 million arena.
▼ + stars: | 2023-09-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Another Texas high school has opened a swanky new football stadium that many colleges would envy. AdvertisementAdvertisementExample #2462 that high school football in Texas is different...Melissa High School (40 miles north of Dallas) just opened a $35 million football complex with a 10,000-seat stadium and a state-of-the-art indoor practice facility. A view of the Melissa High School football field's video board, as seen in WFAA drone footage. The Melissa High School football training facility and practice field seen in drone footage obtained by WFAA. In 2012, the school district in Allen, Texas, opened a $60 million football stadium for Allen High School.

Persons: Kenny Deel, elissa H, orth, ould, elissa, ike, rove, alf Organizations: Service, Melissa High School, FAA, ust Locations: Texas, Melissa , Texas, Wall, Silicon, Dallas, ife

☆ The US should be able to avoid a recession this year. A government shutdown could change that.
▼ + stars: | 2023-09-18 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

There are positive signs that the US will avoid a recession. However, Janet Yellen warned about the economic impact of a government shutdown. But those good signs could be all for naught if the government can't avoid a shutdown. AdvertisementAdvertisementHowever, she did warn that if Congress can't avoid a government shutdown in the next two weeks, it could kill the economy's momentum. "It could have some impact," Yellen said when asked about the impact of a shutdown on the economy.

Persons: Janet Yellen, Yellen, We've, Kevin McCarthy, Andrew Caballero, Reynolds, Goldman Sachs, Goldman's, Jan Hatzius, Biden's Organizations: Service, US, Getty, House Republicans, Republican, CNBC Locations: Wall, Silicon

☆ Taylor Swift helped lift the US economy this summer with her Eras Tour — she can't get back to the states soon enough
▼ + stars: | 2023-09-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

After five months and 53 shows, the economic impact of Swift's "The Eras Tour" was monumental and non-stop. Consider the following:"Taylor Swift's 'Eras' tour is rewriting the playbook of entertainment economics," Chris Leyden, director of growth marketing at SeatGeek told CNN. "It's no surprise that people are flocking to this Eras Tour experience in what is increasingly an otherwise digital environment we live in." AdvertisementAdvertisementOne Swiftie who spoke with Insider called their "Eras Tour" trip "a little bit concert, a little bit vacation." — Taylor Swift, who is releasing a film version of "The Eras Tour."

Persons: Taylor Swift, Swift, Taylor, Chris Leyden, SeatGeek, She's, —, Omar Vega, Alice Enders, Grace Smith, Andrew Heilmann, Robert Douglas, Cork, Oppenheimer, Klaus Vedfelt Piper, Nancy Lazar, Lazar, Barbie, — Taylor Swift, Charlie Harding Organizations: Service, CNN, Bloomberg News, Enders Analysis, World Trade Organization, MediaNews, Denver, Getty, Moody's, Cork Gaines, Bloomberg, Global, Fox News Digital, WGA Locations: Wall, Silicon, Arlington , Texas, LA, —, Hollywood

☆ Younger baby boomers are facing a homelessness crisis as rents skyrocket and outpace Social Security
▼ + stars: | 2023-09-15 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementAccording to the Social Security Administration, the average Social Security benefit is now $1,706 per month, more than $300 below the nearly record-high national median rent price of $2,052. AdvertisementAdvertisementA Wall Street Journal analysis of federal data found the US had at least 600 fewer nursing homes than it did in 2017. A Florida Housing Coalition study found the state had only 25 affordable and available rental units for every 100 extremely low-income renters. AdvertisementAdvertisementWithout COVID-19-relief resources, many older people are relying even more on their Social Security benefits.

Persons: Barbara DiPietro, Irfan Khan, Donald Whitehead Jr Organizations: Service, Department of Housing, Urban, Wall Street, Health Care, Homeless Council, Street, of California, Social Security Administration, Security, Medicaid, Florida Housing Coalition, National Coalition for, Homeless, Social Security, AARP Locations: Wall, Silicon, California, San Francisco, Florida, Florida . North Carolina, COVID

☆ Chip and Joanna Gaines are selling the Magnolia House for nearly $1 million. Take a look inside.
▼ + stars: | 2023-09-14 | by ( Samantha Grindell | ) www.businessinsider.com time to read: 1 min

Chip and Joanna Gaines own multiple rental properties in the Waco, Texas, area. Chip and Joanna Gaines own rental properties. Rob Kim/Getty ImagesThe Gaineses currently have four homes available that people can rent in the Waco, Texas, area, and they're opening a hotel in town in November. Two of those rentals are the Magnolia House and the Carriage House, which sit on the same property in McGregor, Texas, 20 minutes from Waco. Chip and Joanna renovated the Magnolia House in 2015, as documented in season three of "Fixer Upper" in "Home Away From Home for the Holidays."

Persons: Chip, Joanna Gaines, Rob Kim, Joanna Organizations: Magnolia, Magnolia House Locations: Waco , Texas, McGregor , Texas, Waco

☆ The 'Rodeo Capital of Texas' is stuck in a debate over more support for Ukraine and the future of the town's economy
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

Mesquite, Texas, is set to open a plant to help fill the shortage of Ukraine's most important ammo. However, Mesquite's congressional representative, Lance Gooden, is among GOP reps who want to end US support for Ukraine in its war against Russia. Insider reported Ukraine may be firing more than 5,500 artillery shells daily, creating a global shortage. "What we need most is artillery shells, which are in short supply," Biden told the media. "The first thing on the list was, everywhere, the ammunition," Estonian Prime Minister Kaja Kallas told the media after a meeting with EU leaders and Ukraine President Volodymyr Zelenskyy.

Persons: Lance Gooden, Kevin McCarthy, Gooden, Alexander Helgar, Joe Biden, Biden, Kaja Kallas, Volodymyr Zelenskyy Organizations: GOP, US, Service, The New York Times, Dynamics, Times, Ukraine, Russia, Mesquite Chamber of Commerce, EU Locations: Mesquite , Texas, Ukraine, Wall, Silicon, Dallas, Russia, Mesquite, of Texas, Estonian

☆ Apple has a big China problem that's 22 years in the making
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Visual China Group via Getty ImagesApple's dependency on China goes back 2 decadesChina was admitted to the World Trade Organization in 2001. The same year China joined the WTO, Apple began manufacturing in China. Apple turns its flirtatious eye to IndiaAs problems continue to mount in China, Apple is making a — perhaps long-overdue — shift to become less dependent on China. Apple is also increasing its production of iPhones in India but is still miles behind China in terms of both volume and speed.

Persons: Tim Cook, Apple, Luke Lloyd, Varney, Lloyd, Stuart Varney, Barack Obama, Donald Trump, Joe Biden, Evan Vucci, Tim Cook's, Goldman Sachs, Cook, Xi, There's Organizations: Apple, Service, Street Journal, China Development Forum, Visual China, Getty, World Trade Organization, WTO, Strategic Wealth Partners, Fox Business, Co, country's Communist Party, US, AP, Micron Locations: China, India, Wall, Silicon, South Carolina, AP China, iPhones

☆ The economy's safety net is about to disappear thanks to an oncoming perfect storm
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Consumer spending held up the US economy even as many worried about the prospect of a recession. Even as interest rates skyrocketed over the past 18 months, strong consumer spending kept the US economy moving. Higher rates start to biteLet's start with interest rates. Credit-card debt, in contrast, tends to move up and down with interest rates. That COVID cash stockpile helped support the economy despite rising interest rates and historically high inflation.

Persons: Barbie, Taylor Swift, David Rosenberg, Rosenberg, Morgan Stanley, Janet Yellen, Yellen, John David Rainey, Jamie Dimon, Dimon, We've, Piper, Nancy Lazar, Lazar Organizations: Service, Bloomberg, Federal Reserve, Credit, Federal Reserve Bank of New, CNBC, San Francisco Fed, Walmart, Fox News Digital Locations: Wall, Silicon, Federal Reserve Bank of New York, Ukraine

☆ Fact Check-US swimmer did not reject ‘$3 million partnership with Nike’
▼ + stars: | 2023-09-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Former competitive swimmer Riley Gaines has not rejected a multimillion-dollar partnership with Nike on account of the brand being “woke.” The claim shared online stems from a parody website. Regardless, the claim was taken seriously online with one Facebook user sharing the image with the caption, “Go WOKE...go Broke....” (here). The meme was first shared by the official America’s Last Line of Defense Facebook page (here). Gaines previously spoke out against Nike for its partnership with transgender influencer Dylan Mulvaney in April (here), (here). Swimmer Riley Gaines has not turned down a $3 million contract with Nike.

Persons: Riley Gaines, “, Gaines, “ Riley Gaines, “ I’m, “ Go, “ Dunning, influencer Dylan Mulvaney, Clay Travis, Buck Sexton, Read Organizations: Nike, Riley Gaines Center, Leadership Institute, Reuters, University of Kentucky, Defense, “ Dunning Kruger Times

☆ As China loses its spot as the top US trade partner and faces a slowing economy, Chinese consumers and business owners are worried: 'I can't see any way to make money in this country'
▼ + stars: | 2023-08-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Chinese business owners and consumers told The New York Times they're concerned about the economy. China is dealing with declines in manufacturing and trade as well as record-high youth unemployment. Larry Summers said last week China's economic proespects had been "greatly exaggerated" in the past. Summers said China's economic prospects, previously considered very good, had been "greatly exaggerated," and that he think the US gross domestic product "will exceed China's for another generation." The Times reported consumers and business owners in China were worried because they could not see how the economic downturn would end.

Persons: Larry Summers, proespects, Li Yuan, Richard Li, Summers, Insider's Cork Gaines, Andy Wang, Xi Jinping, Wang Organizations: New York Times, Service, The New York Times, Times, US, Washington Post, Federal Reserve Bank of Dallas Locations: China, Wall, Silicon, Washington, Mexico, Austria

☆ Tiger Woods' 'little brother' Justin Thomas sells his $3.5 million 'starter' mansion and it's the ultimate bachelor pad
▼ + stars: | 2023-08-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Justin Thomas and Tiger Woods are so close that Tiger considers JT part of his family. Thomas listed his 'starter' house in Jupiter, Florida, the home of many top golfers, including Tiger. The $3.5 million house has everything a wealthy young bachelor would want in a house. The property, dubbed Thomas' "starter house" by Golf Digest, was on the market for $3.5 million just months after he got married, and was listed by former golfer Johnny DelPrete of Douglas Elliman Realty. Thomas is considered Tiger Woods' closest friend on the PGA Tour and has even been referred to by Tiger as his "younger brother" and an "older brother" to Tiger's son, Charlie Woods.

Persons: Justin Thomas, Tiger Woods, Tiger, JT, Thomas, Johnny DelPrete, Douglas, Realty, Charlie Woods, it's Organizations: Tiger, Service, Golf Digest, PGA Locations: Jupiter , Florida, Wall, Silicon

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