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Israelis spent 18 years watching Hamas turn to its military advantage every Israeli concession — including free electricity, cash transfers of Qatari funds, work permits for Gazans, thousands of truckloads of humanitarian goods. But while Israelis are still processing the horror from the south, the threat of war looms on every side. Bezalel Smotrich, the far-right finance minister, has even suggested effectively banning the Palestinian olive harvest, ostensibly for security reasons. In Turkey, President Recep Tayyip Erdogan, with whom Israel had been engaged in a careful rapprochement, has reverted to Islamist form. To many Israelis, there’s a distinct echo of what happened at German universities beginning about a century ago.
Persons: Will, won’t, Camp Iftach, Bezalel Smotrich, Vladimir Putin, Netanyahu, Recep Tayyip Erdogan, Israel, , It’s, ” Einat Wilf Organizations: West Bank, Palestinian Authority, Super, Harvard, Labor Party Locations: Israel, Gaza, Metula, Lebanon, Jenin, Nablus, Iran, China, Turkey, , West, Berlin, Sydney, Australia
You shouldn't expect high-yield savings account interest rates to drop anytime soon. High-yield savings accounts are a great choiceDespite the fact that APYs will likely fall eventually, high-yield savings accounts can still be a really good place to put your money. "By its nature a high-yield savings account will still provide more interest than an ordinary savings account at a major bank," Herzog says. In fact, now may be the time to take advantage and put funds into a high-yield savings account if you haven't already. "If we see more talk of interest rates slowly declining, I think there will be more interest in longer-term securities or options to lock in those interest rates," Valega says.
Persons: , you'll, we're, Andrew Herzog, Herzog, Catherine Valega, It's, Valega, it's Organizations: Service, Federal Reserve, Fed, Green Bee
CNN —Following criticism from animal rights group PETA for using live butterflies in dresses, the founder of Japanese brand Undercover has apologized and promised to never feature living animals in his designs. “I regret that I trapped butterflies that could fly freely in the sky,” said Jun Takahashi in a letter to PETA, which he shared with CNN on Tuesday. Undercover’s “terrarium” dresses, which contained flowers and live butterflies, were a moment of ethereal beauty during the label’s Spring-Summer 2024 show at Paris Fashion Week in September, but the gowns sparked concern among animal rights activists over the insects’ welfare. The otherworldly "terrarium" dresses, filled with flowers and butterflies, were part of the finale at Undercover's runway show in September. The animal rights organization also has campaigns targeting what it calls “systemic cruelty” in the leather, mohair, wool, cashmere, down and fur trades.
Persons: , Jun Takahashi, Undercover’s, Takahashi, , Victor VIRGILE, didn’t, Barneys Organizations: CNN, PETA, Paris Fashion, American Butterfly Association Locations: , York
"During the pandemic, I realized how I was taking IRL experiences for granted and working remotely, spending less time with friends, I just felt extremely isolated," Loar said. "It was really centered around helping you and your friends make IRL plans to build stronger relationships." Now, Whatever's team is pivoting its focus to couples and how best to use technology to help couples plan dates and spend meaningful time together. "Couples will be able to bookmark plans from the discovery feed and turn them directly into date plans," Loar added. Whatever is focusing on helping couples plan dates.
Persons: Mallory, Loar, Vivek Murthy, Kevin Wilson, Zack Zapasnik, Stanislav Vishnevskiy, Matthew Prince, it's Organizations: Twitch, Facebook
But it also knows that rivals are building weapons that are potent against the aging Abrams tank. The Army's main battle tank, the M1 Abrams, now faces two main problems. End of the Abrams eraA US Abrams tank that Iraqi officials said was destroyed in fighting south of Baghdad in April 2003. Threats to the Abrams tank's battlefield dominance, according to the Army Science Board. The Army Science BoardThe Army Science Board assessed various alternatives.
Persons: Abrams, , China —, Eddie McCrossan, M1A1 Abrams, Scott Nelson, Charles Flynn, Bradley, KARIM SAHIB, Michael Peck Organizations: US Army, Service, Army, Pacific, Rivals, M1 Abrams, Army Science Board, ., Logistics, US Defense Department, Eddie McCrossan Tanks, Nazi, US Army Pacific, Board, for Army, sustainment, China, Abrams, Getty, The Army, Booker, Defense, Foreign Policy, Twitter, LinkedIn Locations: Europe, Asia, Russia, China, Fort Knox, Kentucky, Britain, America, Russo, Ukraine, East Asia, Japan, Malay, Korean, Vietnam, Kuwaiti, Fulda, East, West Germany, Baghdad, AFP, Pacific, Forbes
Austin, Texas is officially getting rid of its minimum parking requirements. The move is expected to decrease home prices and rents, as construction costs fall. Austin, Texas is getting rid of requirements that new construction — from single-family homes to shopping malls — build parking spots. Housing advocates, urban planners, and environmental activists have long pushed to end parking requirements, as they elevate construction costs, inflate rents and home prices, and waste valuable space. AdvertisementAdvertisementA few large cities across the country, including Portland, Minneapolis, and San Jose, have already gotten rid of parking minimums.
Persons: , Eric Adams, There's, Robert Garcia, Garcia Organizations: Service, City Council, Housing, Rutgers Center, Real, New York City, California Democrat Locations: Austin , Texas, Austin, New Jersey, Portland , Minneapolis, San Jose, New York, New York City, California
When American military planners launched a ground offensive against the Islamic State in Iraq and Syria in 2016, they knew that the American public was weary of long wars in the Middle East, and that the operation would have to make do with very few Americans troops on the ground. So they relied on a strategy that had not been used much in decades: intensive bombardment by heavy artillery. Military guidelines said that firing all those high-powered artillery rounds was safe for the gun crews. But an investigation by The New York Times, including interviews with more than 40 gun-crew veterans and their families, found that the troops came home plagued by insomnia, confusion, memory loss, panic attacks, depression and, in some cases, hallucinations, among other symptoms. And because the military thought the blast waves were safe, it repeatedly failed to recognize what was happening to the troops.
Organizations: Islamic, The New York Times Locations: Islamic State, Iraq, Syria
Many states subsidize golf courses with low property taxes, so non-golfers are footing the bill. David Madison/Getty ImagesUrban golf courses also cost taxpayers — even those who don't play — a lot of money. Proponents of retrofitting courses note that reducing the number of golf courses would help boost revenue for courses that do survive. "But then on the flip side, we have these public golf courses that are just these almost vacuous spaces that are quite underutilized." He noted that projects that just involve turning golf courses into parks are often most palatable to neighbors.
Persons: , they'd, Franciscans who'd, Zach Klein, VDERHLrowD, David Madison, it's, Malcolm Gladwell, Scottie Scheffler, Richard Heathcote, Mitchell Reardon, htpq6Uqx8q — Cork Gaines, Ray Delahanty, Jennifer Keesmaat, Keesmaat, Don, RENE JOHNSTON, Charlie McCabe, he's, Former California Assemblymember Cristina Garcia, McCabe, Reardon Organizations: Urban, Service, Franciscans, Olympic, Getty, Los Angeles Country Club, United, 123rd U.S, YouTube, Center, City, Trust, Public, Denver, Council, Democrat Locations: Presidio, U.S, San Francisco , California, California, San Francisco's, Golden, Beverly Hills, United States, Los Angeles , California, Cities, Florida, Toronto, haven't, Don Valley, Toronto , Ontario, New Orleans, Former California, Los Angeles County
Old or vacant strip malls offer a promising opportunity to create much-needed new housing. A new report found that converting 10% of strip malls into housing could create 700,000 new homes. Urban planners and developers across the country are pushing a fix for both: converting strip malls into housing. But when it comes to strip mall conversions, finding the right property to redevelop is the bigger challenge. And older strip malls are often costlier to maintain than to tear down and redevelop.
Persons: , Ahmad Abu, Khalaf, It's Organizations: Service, Enterprise Community Partners, International Council of Shopping Centers, Sears Locations: Ahmad, Cities, Abu, Santa Ana , California, Irondequoit , New York
The Biden Administration proposes a crackdown on "junk fees" in retirement savings plans. However, high expense ratios in your account may be cutting into your future retirement savings. But there are still some preventive steps you can take to minimize any potential "junk fees" in your retirement savings plan. 4 ways to lower 'junk fees' in your retirement planThe Biden Administration wants to crack down on "junk fees" in 401(k)s and other investment accounts. Until then, here are four steps you can take to lower fees in your retirement savings plan.
Persons: Biden, , Charles Schwab, Robinhood, Judy Diamond's, Roth, it's, Teresa Bailey, Chloe Wohlforth Organizations: Service, US Department of Labor, Biden Administration, Employers, Mutual, Roth IRA, Waddell & Associates, Robinhood, Department of Labor, CFP, Angeles Wealth Management
More than 4 in 5 say they did not increase emergency savings this year, according to a recent survey from Bankrate, and 60% say they feel behind when it comes to saving for a rainy day. That's why, in addition to your traditional emergency fund, some financial pros recommend building a so-called sunny day fund of money you can spend guilt-free or put toward exciting opportunities. What's more, consider the sorts of expenses your emergency fund could potentially cover to give yourself some piece of mind. "Another would be cash to cover living expenses during the disability waiting period, or elimination period." How a 'sunny day' fund can help you reach your goals
Persons: Spenser Liszt, Andy Baxley, Liszt Organizations: Motif, Planning Locations: Bankrate
Best 6-Month CD Rates for November 2023
  + stars: | 2023-11-01 | by ( Martha C. White | ) www.wsj.com   time to read: +7 min
Rates for short-term investments, including CDs, savings accounts and more, have grown steadily more generous in recent months with the Federal Reserve hiking interest rates to fight inflation. Best six-month CD ratesfor NovemberThe market for six-month CDs is large and, as a result, quite competitive. Our six-month CD rate picks reflect the best available on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. For instance, you could start out with a six-month CD, along with a one-year CD. When the six-month CD matures, you would then roll over that balance into a new one-year CD.
Persons: Martha C, Haviland, , Ken Tumin Organizations: Federal Reserve, Deposit Insurance Corp, Federal, FDIC, National Credit Union Administration
China rate scare reminds watchdogs of hidden risks
  + stars: | 2023-11-01 | by ( Chan Ka Sing | ) www.reuters.com   time to read: +3 min
Overnight borrowing rates for some Chinese financial institutions spiked to 50% on Tuesday, according to official interbank data, far in excess of the average rate of roughly 3.6%. In 2012, a national audit confirmed that local governments had amassed up to 10 trillion yuan in debts. Those have since swelled to 92 trillion yuan, per Reuters. The latest liquidity squeeze is a reminder that short-term dangers will complicate any attempts at more drastic surgery on China’s financial system. CONTEXT NEWSOvernight borrowing costs for some Chinese financial institutions jumped to as high as 50% on Oct. 31.
Persons: Xi Jinping’s, Xi Jinping, Li Qiang, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Traders, People’s Bank of, Financial Work, Central Financial Work Conference, Xinhua News Agency, Thomson Locations: HONG KONG, People’s Bank of China, Beijing
Best 5-Year CD Rates for October 2023
  + stars: | 2023-10-31 | by ( Martha C. White | ) www.wsj.com   time to read: +8 min
Best 5-year CD rates for NovemberA five-year CD is one of the more common CD terms available. Interest rates on 5-year CDs have not climbed as sharply this year as rates for CDs with shorter terms. Our CD rate picks reflect the best available five-year CD rates we found on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. You expect interest rates to fallThe current interest rate environment is great for savers, but if the U.S. economy slows, the Federal Reserve policy makers are likely to cut interest rates in order to stimulate the additional growth. These accounts’ interest rates are variable, so if prevailing interest rates decline, banks will cut their rates and you will earn less money.
Persons: Martha C, , , Ken Tumin, Dillon Haviland Organizations: Federal Deposit Insurance Corp, Federal Reserve, TBH Advisors, FDIC, National Credit Union Administration Locations: U.S, Nashville, Tenn
Well, when a landlord doesn't lower the rent to get a new retail tenant, it's because that landlord can't. They're free to renegotiate or refinance the terms of mortgages, given the extraordinary downturn facing retail storefronts. And the future will be full of even higher vacancy rates, higher interest rates, and lower rents. Retail rents have flattened, she says, but the construction of retail space has not. Still, from an urban-planning standpoint, the way we finance retail space makes no sense.
Persons: You've, apocalypses, that's, It's, David Greensfelder, Greensfelder, Banks, what's, , Larisa Ortiz, Ortiz, Justin Sullivan, Lorenzo Perez, I've, Rachel Meltzer, Kazuko Morgan, Perez, Culdesac, Something's, Meltzer, Adam Rogers Organizations: McKinsey & Company, Verizon, Republics, Harvard Locations: America, Urban, Manhattan, San Francisco, Market, vaya, What's, Phoenix, That's, LA, New York, Wakefield, Tempe , Arizona
An Israeli soldier adjusts the tip to an artillery shell near the border with Lebanon. Photo: Jalaa Marey/Agence France-Presse/Getty ImagesARLANDASTAD, Sweden—Western defense officials worry that with Israel going to war as the West battles Russia by proxy in Ukraine, there won’t be enough artillery shells and other weapons to keep both allies in the fight. The issue is concerning NATO planners even though Israel isn’t a member of the alliance and few European countries supply it with military equipment.
Persons: Jalaa, Israel, Israel isn’t Organizations: Agence France, NATO Locations: Israeli, Lebanon, Sweden, Russia, Ukraine
The Israel Defense Forces said fighter jets hit some 150 "underground targets" in Gaza. The IDF hit Hamas targets with the heaviest bombardment of the conflict so far. AdvertisementAdvertisementOne hundred Israeli fighter jets hit 150 "underground" Hamas targets in Gaza as part of the heaviest bombing raid of the conflict so far on Saturday. The airstrikes targeted Hamas tunnel networks and underground combat areas, the Israel Defense Forces said in an announcement reported by outlets including The Guardian. AdvertisementAdvertisementThe Hamas tunnel system, known has been dubbed the "metro" by Israeli military planners, per The Guardian.
Persons: , Jonathan Conricus, Khan, Conricus Organizations: Israel Defense Forces, Service, Guardian, Hamas, Reuters Locations: Gaza, Gaza City, Khan Yunis, Rafah, Israel
Pence, who was Indiana governor and a US congressman before becoming vice president, announced his campaign in early June. Pence’s role as vice president was ceremonial in overseeing the process, but Trump and his supporters still felt Pence could intervene. While stumping for president, Pence was sometimes thanked for his service in the administration, his devotion to his Christian faith or for his actions on January 6. But the admiration for the former vice president did not translate to support in the polls. He previously shot down the idea of being a vice presidential nominee again, saying that running twice for the position was enough.
Persons: Mike Pence, , , ” Pence, Donald Trump, Ronald Reagan, Pence, Trump . Trump, Trump, Organizations: CNN, Republican Jewish, Republican, Capitol, Republican Party, GOP, Trump ., Indiana, Trump, Social Security, Ukraine, Republican National Committee Locations: Las Vegas, Iowa, Indiana, Russia, Trump, United States
A sweet spotBerman said his bank preapproved him for a $275,000 mortgage, so he had a budget to stay within. He reviewed active property listings on Apartments.com and Zillow to see the rental rates and what was successfully rented in the previous 30 days. That's less than half the amount and a much more manageable payment, Berman noted. On the pricier property, your overall interest payments amount to about $538,000 versus $250,000 on the cheaper property. You end up with a larger mortgage payment, he said.
Persons: Cody Berman, Berman, Price, It's Locations: Massachusetts, Connecticut, Rhode, Windham County , Connecticut
By James MackenzieJERUSALEM (Reuters) - Hamas said on Saturday its militants in Gaza were ready to confront Israeli attacks with "full force" after Israel's military widened its air and ground attacks on the Palestinian enclave. The Palestinian militant group that rules Gaza said earlier its fighters were clashing with Israeli troops in areas near the border with Israel after Israel reported intensified attacks in Gaza. Israeli ground forces had massed outside Gaza, where Israel has been conducting an intense campaign of aerial bombardment since a deadly Oct. 7 attack by hundreds of Hamas gunmen on Israeli communities near the strip. Israel's military accused Hamas on Friday of using the hospital as a shield for its tunnels and operational centres, an allegation the group denied. Palestinians said they received renewed Israeli military warnings to move from Gaza's north to the south to avoid the deadliest theatre of the war.
Persons: James Mackenzie JERUSALEM, Daniel Hagari, Netanyahu, Jazeera, John Kirby, Kirby, Catherine Russell, Mark Regev, Benjamin Netanyahu, Israel, James Mackenzie, Nidal, Michelle Nichols, David Brunnstrom, Grant McCool Organizations: Palestinian, Reuters, UN, United Nations General Assembly, Israel, White House, Washington, Palestinian Red Crescent Society, Red Crescent Society, Hamas, Medecins Sans Frontieres, Children's Fund UNICEF, MSNBC, Fox News, U.S Locations: Gaza, Israel, Gaza's, Beit Hanoun, Al, Al Shifa, Gaza City, United States, U.S, Iran, Palestinian, Lebanon, Syria, Egypt
China puts $137 bln Band-Aid on local debt wounds
  + stars: | 2023-10-25 | by ( Chan Ka Sing | ) www.reuters.com   time to read: +3 min
The funds are to be funnelled to cash-strapped local governments struggling under 92 trillion yuan ($12.6 trillion) of debt. The last time was for a 1 trillion yuan special bond issuance in 2020 to combat the economic fallout from Covid-19. All these plans stem from the ruling Politburo in July calling on regulators to formulate “a basket of measures” to resolve risks stemming from local governments’ debt. CONTEXT NEWSChina’s top legislature approved a plan on Oct. 24 to sell 1 trillion yuan ($137 billion) of sovereign bonds. Separately, the Chinese legislature passed a bill to allow local governments to frontload part of their 2024 bond quotas.
Persons: Xi Jinping, Xi Jinping’s, Antony Currie, Thomas Shum Organizations: of, People, REUTERS Acquire, Reuters, Monetary, Thomson Locations: Beijing, China, HONG KONG, Covid
Experts say that this road feature reduces traffic and car crashes. I research transportation engineering, particularly traffic safety and traffic operations. The birth of the modern roundabout came with yield-at-entry regulations, adopted in some towns in Great Britain in the 1950s. The first modern roundabout in the U.S. was built in Summerlin, on the west side of Las Vegas, in 1990. Ever since, the construction of modern roundabouts in the U.S. has picked up steam.
Persons: , you've, Pierre Longnus, Charles de Gaulle, Pierre L'Enfant, Eugène Hénard, William Phelps Eno, Orbon Alija, Deogratias Eustace Organizations: Service, Engineers, Federal Highway Administration, Getty Images Engineers, Federal, Administration, Civil, Engineering Mechanics, University of Dayton Locations: United States, East Coast, Europe, Bath, England, France, U.S, Washington, DC, French, Paris, American, New York City, Great Britain, United Kingdom, Australia, North America, Summerlin, Las Vegas, Coast, West Coast, Florida, North Dakota, South Dakota, Wyoming, New York, Virginia
The two units brought in $2,300 in rental income, or a cash flow of $500, and Berman lived rent-free. Today, his total rental income from the property is $3,900 a month. This time, it had two paying tenants, bringing in $2,200 in monthly rental income. The homeowner would keep 70% of the profit, and Berman and his business partner would get 30% for managing it. You may not be able to start by purchasing 15 rental units, Berman said.
Persons: Cody Berman, Berman Organizations: Massachusetts Locations: Windham County , Connecticut, Boston, Massachusetts, Connecticut, Worcester , Massachusetts
Black students are far less likely to have access to high school personal finance classes. But high schools with a majority of Black students are less likely to have a guaranteed personal finance course in their high schools. The student debt gapBlack borrowers are disproportionately burdened by student loan debt. Student debt can be daunting, but there are scholarships out there for Black students. 4. Credit discriminationRedlining is a well-known form of credit discrimination , but the issue goes beyond mortgages.
Persons: , Tiffany Aliche, Pell, Biden, There's, Homeownership, doesn't, Aliche Organizations: Service, Finance, The Institute, College, NPR, National Bureau of Economic Research, Housing, Federal Reserve, Civil, Equal, The Association of African American Financial Locations: Brookings, Zillow
When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.
Persons: Grandma Sue, Grandma Sue's, , Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago
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