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☆ Why the CEO of a big US homebuilder is gambling on green homes
▼ + stars: | 2024-11-07 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Beazer Homes is building "zero energy," climate-friendly homes even though they're more expensive. Challenges include higher costs, market education, and appraisal practices for green homes. The project was developed by Beazer Homes, one of the largest US homebuilders. Now Beazer has to educate customers and the broader real-estate market about the value of green homes. "Zero Energy Ready" homes feature energy-efficient appliances.

Persons: Allan Merrill, —, Beazer, Merrill, It's, Donald Trump, haven't, Catherine Boudreau, they're, Woody Fincham, there's, Andrew Pizor, hasn't, Beazer isn't Organizations: Service, Energy, Beazer Homes, US Department of, Zero, Appraisal, appraisers, National Consumer Law Center, Congress, EV Locations: Baltimore, decarbonize, Parkville , Maryland, Parkville, Charlottesville , Virginia

☆ Brits brace for higher mortgage payments despite Bank of England seen cutting rates
▼ + stars: | 2024-11-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Oversnap | E+ | Getty ImagesLONDON — Britons are facing the prospect of higher mortgage rates for longer after the government's tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. Mortgage rates also took a hit from the uncertainty, with a number of smaller and mainstream lenders raising mortgage rates on the expectation that interest rates may stay higher for longer. watch nowVirgin Money became the first major lender to raise mortgage rates after the budget, lifting them by 0.15%. "This isn't the radical spike in rates that have blighted mortgage rates in the last couple of years. He added that interest rates could now remain 50-basis-points higher than previously expected at the end of the cutting cycle.

Persons: Rachel Reeves, Reeves, —, David Hollingworth, Hollingworth, Allan Monks, BOE Organizations: Bank of England, Wednesday, Virgin Money, Santander, Morgan's Locations: London's, Oversnap

☆ Asteroid 2024 RW1 burns up in Earth’s atmosphere over Philippines
▼ + stars: | 2024-09-04 | by ( Monica Garrett | Steve Tuemmler | ) edition.cnn.com time to read: +1 min

CNN —A roughly 1-meter (3-foot) asteroid burned up in Earth’s atmosphere over the Philippines near Luzon Island early Wednesday afternoon, according to NASA. This screen grab taken from a video shows an asteroid burning up in the night sky as witnessed from Gonzaga in Cagayan province, Philippines, on September 4. Allan Madelar/FacebookThe Catalina Sky Survey discovered the object, initially called CAQTDL2 but now named 2024 RW1, this morning. “This is just the ninth asteroid that humankind has ever spotted before impact,” ESA tweeted. The object was harmless as it was small enough to burn up in the atmosphere upon entry.

Persons: Allan Madelar Organizations: CNN, NASA, European Space Agency, Sky Survey, ESA Locations: Philippines, Luzon, Gonzaga, Cagayan province

☆ It takes a full year to bring one of Art Basel's most popular exhibits to life. Here's how it all comes together.
▼ + stars: | 2024-06-20 | by ( Monica Humphries | ) www.businessinsider.com time to read: +8 min

Perhaps the most popular part of Art Basel is the Unlimited sector, famous for its large-scale works. He spends the week of Art Basel conversing with gallery representatives, discussing artists' works, and planting seeds for the next exhibit. Monica Humphries/Business InsiderOnce the hall's layout is finalized, walls and lights are built and placed. Finally, the galleries and artists arrive to install their projects about four days before Art Basel begins. A view of Art Basel's Unlimited hall.

Persons: —, Giovanni Carmine, Carmine, Lutz Bacher's, David Claerbout's, Monica Humphries, Keith Haring, Miles, Allan McCollum, Julio Le Parc's, Carmine's, Seba Calfuqueo, Keith Haring's, Sam Falls, Mario, Mario Ceroli's, Faith Ringgold's, Julio Le Parc, Christo Organizations: Service, Art Basel, Kunst Halle Sankt Gallen, Business, Basel, curating, FDR Locations: Switzerland, Swiss, Basel, Art, Paris, Miami, la, Harare, Zimbabwe

☆ How to select a personal trainer (and why it’s worth it)
▼ + stars: | 2024-01-30 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +7 min

The global personal fitness trainer market was worth about $41.8 billion in 2023, and market research firm Future Market Insights predicts it will soar to $65.5 billion by 2033. A growing body of research also suggests working out with a personal trainer has a variety of benefits. The two biggest benefits from hiring a personal trainer, though, whether you’re an exercise newbie or a pro, are accountability and motivation, said Mary Wing, a certified personal trainer and performance coach with the fitness app Future. There are trainers who specialize in training older people or those with medical issues, says certified personal trainer Allan Misner. In the end, though, hiring a personal trainer can be a safe and effective way to achieve a healthier life, which is the main goal.

Persons: —, Mary Wing, ”, Allan Misner, It’s, they’ve, ” You’ll, “, Wing, Misner, it’s, ” Misner, ” Melanie Radzicki McManus Organizations: CNN’s, CNN, US Bureau of Labor Statistics, Research, Gerontology, Geriatric, National Academy of Sports Medicine, American College of Sports Medicine, American, ”, “ Locations: United States, Sanford , North Carolina, Bocas del Toro , Panama

WASHINGTON (AP) — Jill Biden paid tribute to the power of poetry as she honored the 2023 class of National Student Poets on Monday at the White House, saying poetry “feeds our spirit." Political Cartoons View All 1244 ImagesThe poets receive scholarships and serve as literary ambassadors, bringing poetry to their communities through service projects, poetry readings, workshops and other opportunities. Jill Biden said she hoped the students would remember the experience of visiting the White House. She also hosted last year's class of National Student Poets. “And I hope you know that President Biden, the vice president, the second gentleman and I see you, we hear you, and we’re counting on you to keep going.

Persons: — Jill Biden, ”, Gabriella Miranda, Kallan McKinney, Hou, St, Louis, Miles Hardingwood, Jacqueline Flores, Fort, Joe Biden, Seamus Heaney, William Butler Yeats, Jill Biden, “, Biden Organizations: WASHINGTON, White, Student Locations: United States, Salt Lake City, Norman , Oklahoma, New York City, Fort Meade , Florida

☆ Bank of England on brink of rate hike pause after inflation surprise
▼ + stars: | 2023-09-20 | by ( William Schomberg | ) www.reuters.com time to read: +3 min

Investors piled into bets on the BoE keeping Bank Rate at 5.25% on Wednesday as soon as official data showed a surprise fall in the pace of price growth. Other analysts said they still thought a final BoE rate hike was the most likely outcome after a recent jump in global oil prices, but they stressed it could go either way. "We stick with our call for a hike, but now see this as a coin toss," JP Morgan economist Allan Monks said. British inflation is almost double the rate in the United States, where the Federal Reserve on Wednesday kept borrowing costs on hold. Last week, the European Central Bank raised rates to a record high but signalled that it was likely to pause.

Persons: BoE, Goldman Sachs, JP Morgan, Allan Monks, BoE Governor Andrew Bailey, Rishi Sunak, Bailey, Dominic Bunning, William Schomberg, Alex Richardson Organizations: Bank of England, Monetary, British, ECB, FX Research, HSBC, Federal Reserve, European Central Bank, Thomson Locations: United States

☆ JP Morgan lifts UK's 2023 economic growth forecast
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

Customers shop at a fruit and vegetable stall at Portobello Road in London, Britain, March 31, 2023. REUTERS/Toby Melville/File PhotoAug 11 (Reuters) - J.P.Morgan on Friday raised its forecast for the UK's annual economic growth after official data showed a surprise increase for the second quarter and bolstered bets of more interest rate hikes. The brokerage now sees the economy growing 0.6% in 2023, up from 0.5% expected earlier. Data on Friday showed growth of 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The Wall Street bank still expects the country to face a mild recession in the second half of 2024.

Persons: Toby Melville, Allan Monks, Aniruddha Ghosh, Devika Organizations: REUTERS, Thomson Locations: London, Britain, Bengaluru

☆ Fifty-one pilot whales die after mass stranding in Australia
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

[1/2] A view of pilot whales stranded on Cheynes Beach, Australia July 25, 2023, in this still image obtained from social media video. Marine experts and volunteers camped overnight at Cheynes Beach, more than 450 kilometres (280 miles) southeast of Perth in Western Australia state, after the whales were found washed up near the beach. "Sadly, 51 whales have died overnight after a mass stranding," Western Australia Parks and Wildlife Service said in a statement. Pilot whales are notorious for their strong social bonds, so when one whale gets into difficulty and strands, the rest usually follow, according to marine experts. Australia and neighbouring New Zealand are hot spots for mass whale strandings owing to large colonies of pilot whales living in the deep oceans surrounding both island nations, but the reason why they get trapped on beaches remains a mystery.

Persons: Allan Marsh, Renju Jose, Sonali Paul Organizations: REUTERS, Australia Parks and Wildlife Service, Thomson Locations: Beach, Australia, REUTERS SYDNEY, Australia's, Cheynes, Perth, Western Australia, New Zealand, Sydney

☆ Cheynes Beach: Dozens of whales die in mass stranding in Western Australia
▼ + stars: | 2023-07-26 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

CNN —More than 50 whales have died in a mass stranding event in Western Australia as officials and volunteers race to save dozens of others stuck in shallow waters, authorities said Wednesday. A pod of stranded pilot whales off Cheynes Beach in Western Australia. Toothed whales such as pilot whales that use sonar to navigate are more commonly prone to stranding than their toothless counterparts, Pirotta said. Tasmania’s largest stranding was in 2020, when more than 450 pilot whales were found. Earlier this month, a pod of more than 50 pilot whales died after a mass stranding on a northwestern Scottish island.

Persons: ”, Allan Marsh, Vanessa Pirotta, Pirotta Organizations: CNN, Facebook, Parks and Wildlife Service, Western, Southern Hemisphere Locations: Western Australia, Tasmania, Australia, Scottish

☆ JPMorgan warns UK could see 'hard landing,' says interest rates could hit 7%
▼ + stars: | 2023-07-06 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

In June, the Bank of England increased interest rates for the 13th time in a row. The Bank of England could increase interest rates to 7% as it tries to tame inflation, according to JP Morgan, which said the risks of a hard landing for the economy are also rising. The analysis from JP Morgan Economist Allan Monks comes as U.K. homeowners face a significant jump in borrowing costs as they're usually linked to the central bank's main interest rate. In June, the central bank increased interest rates for the 13th time in a row, by 50 basis points — more than many expected — to 5%. He added: "This alone raises the risks of a hard landing next year, but we recognise that the policy rate required to control inflation is proving to be higher than most had expected."

Persons: JP Morgan, Morgan, Allan Monks, BOE, Monks Organizations: Bank of England Locations: U.S

☆ ‘La Duchesse’ Review: Cultivated, Rich and Devout
▼ + stars: | 2023-07-04 | by ( Allan Massie | ) www.wsj.com time to read: 1 min

Marie de Vignerot. Photo: Alamy Stock PhotoMarie de Vignerot is not exactly a household name in the English-speaking world. It is true that, in 1905, Sir Walter Scott’s great-granddaughter Mary Maxwell Scott, a historical novelist in her own right, wrote an admiring article about her in the Dublin Review. But it was hardly enough to spark a flurry of interest.

Persons: Marie de Vignerot, Sir Walter Scott’s, Mary Maxwell Scott Locations: Dublin

☆ Home prices are in their longest slump since 2012. Here's what experts think happens next.
▼ + stars: | 2023-03-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

US home prices just fell for the seventh consecutive month, Case-Shiller data showed Tuesday. Here's what economists are saying about the housing market outlook. Over the last year, the Federal Reserve's aggressive interest rate hiking campaign has helped lift mortgage rates sharply, weighing on affordability and demand. Here's what experts have said could come next for the housing market. "Long-term [the housing shortage] puts a floor under demand in this country for newly built homes," he told CNBC on Thursday.

☆ Beazer Homes CEO Allan Merrill on the current state of the housing market
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeazer Homes CEO Allan Merrill on the current state of the housing marketBeazer Homes CEO Allan Merrill explains what he's seeing in housing ahead of the spring selling season.

☆ Another Banking Crisis Was Predictable
▼ + stars: | 2023-03-18 | by ( Mary Anastasia O Grady | ) www.wsj.com time to read: 1 min

The economist Allan Meltzer liked to say that “capitalism without failure is like religion without sin. It doesn’t work.” After the 2008 financial crisis, Meltzer worried that bank bailouts were undermining public support for capitalism. He feared that politicians would steer the financial system toward more government regulation and away from the natural regulatory power of market competition. More Americans would begin to believe that only the state could protect them from the instability that comes with economic freedom. Sure enough, in 2010 Congress passed the Dodd-Frank Act, which promised “to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ‘too big to fail,’ to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.”

☆ The UK's lagging economy shows some signs of recovery
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +3 min

JP Morgan last week raised its projection for gross domestic output growth in 2023 to 0.4% from a previous estimate of 0.1%. Britain is the only Group of Seven (G7) economy still smaller than before the coronavirus pandemic. Below is a summary of recent gauges of the economy and how investors have increased their bets on future BoE rate hikes. Reuters GraphicsUK AS G7 LAGGARDDespite the improvement signs, Britain lags its peers in terms of its recovery from the pandemic. Data to the end of 2022 shows Britain is the only G7 economy yet to recover its level of the end of 2019.

☆ How a family's struggle to help their son gave rise to controversial $400 million psychedelics giant Compass Pathways
▼ + stars: | 2023-02-15 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +18 min

Today, Compass Pathways, the for-profit company they launched in 2016, is a Nasdaq-listed firm worth about $400 million. Compass Pathways Show lessIt could also boost the dozens of psychedelics companies inspired by Compass that have been formed in recent years. Insider spoke with more than a dozen industry participants to chart the rise of Compass Pathways and its role in the psychedelics boom. He recalled the 2018 Quartz article that detailed the growing alarm around Compass Pathways' "magic mushroom monopoly." Were it not for his decision to take a break from college, and his parents' efforts to find a treatment, Compass Pathways might not exist.

☆ U.S. housing faces longer descent to basement
▼ + stars: | 2022-11-22 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 22 (Reuters Breakingviews) - The U.S. housing market is destined to keep sliding. The highest mortgage rates in 15 years have stifled demand, leading the pace of existing home sales to slow 31% since January. An influx of new supply should depress prices from pandemic-era highs, but affordability will be squeezed well into 2023. With existing owners locked into lower mortgage rates, they’re unlikely to put their homes up for sale, curbing supply. Housing starts for single-family homes decelerated to a seasonally adjusted annual rate of 855,000 units in October, the Census Bureau said on Nov. 18.

Hunt, reminding lawmakers of his own past as an entrepreneur in marketing and publishing, made accelerating economic growth a priority in his budget speech to parliament on Thursday. Britain is badly in need of a growth fillip. It also cut its growth forecast for 2024 to 1.3% before a better couple of years thereafter with growth at 2.6% and 2.7%. It said Hunt's plan to cut public investment from 2024 would probably weigh on productivity growth - key to an economy's long-term prospects - beyond its five-year forecasts. "I have tried to avoid anything that damages long-term growth," Hunt told the BBC.

☆ Reversing UK confidence crash requires policy U-turn: economists
▼ + stars: | 2022-09-27 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

Commuters, reflected in windows of an office, walk across London Bridge toward the financial district, in London, Britain, September 26, 2022. "The first step in regaining credibility is not saying incredible things," Summers said on Twitter on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSummers pointed to surging interest rates of long-dated British debt as a "hallmark of situations where credibility has been lost". On Monday the Bank of England and Treasury released statements in the hope of reassuring investors, with the central bank saying it would not hesitate to raise interest rates if needed. Register now for FREE unlimited access to Reuters.com RegisterEditing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ Why California can just decide what cars people buy
▼ + stars: | 2022-09-06 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

A core part of federal emissions regulations since the early 1970s has been the so-called California Waiver. Nik Wheeler/Corbis/Getty ImagesBut, in 1967, it was Reagan, then the governor of California, who signed off on the creation of the California Air Resources Board. By this time, the groundwork had already been laid for California to set its own rules and that continued with the “California waiver,” a part of federal regulations that made this special exception for California. During his tenure, President Donald Trump asked the courts to do away with the California waiver. President Joseph Biden’s administration dropped that effort and, in March 2022, the California waiver was renewed once more.

Associated PressGreenfield We began writing drafts, and the first drafts were the Pentagon Papers often mixed up with the writers’ own past reporting and commentary. If this is going to be called the Pentagon Papers, it can’t be the Pentagon Papers and The New York Times Papers.” So we came up with a system. So my job became to verify or discredit information in the Pentagon Papers. Who knows what goes on in hotel rooms in Manhattan?” We were just doing another strange thing in a hotel room in Manhattan. Amster I think it was Al who said the most impressive thing about the Pentagon Papers was that no one leaked anything.

Persons: Allan M, Hilton, Sheehan, Abe, Greenfield Abe, Neil —, “ Neil, Neil Sheehan, A.M . Rosenthal, James L, John Lent, Press Sheehan, Greenfield, Jerry Gold, Al Siegal, Fox Butterfield, Rick Smith, Ned Kenworthy, it’s Abe Rosenthal’s, “ Fox, Rosenthal, ”, “, ” Hedrick Smith, Neil, Ngo Dinh Diem, Robert S, McNamara, Diem, ” Horst Faas, Robert J, We’d, “ Robert, there’s, ” Linda Amster, James Greenfield, Peter Millones, Jim, Peter, It’s, Associated Press Greenfield, ’, Jerry Gold’s, Weeks, Linda Amster, E.W, Kenworthy, Hedrick Smith, Renato Perez, The New York Times Butterfield, Smith, Greenfield I, Al, Greenfield Jerry Gold, ” Sheehan Organizations: Press, Fox, New York Hilton Hotel, South, Pentagon, ., The Times, Hilton, Times, American, Da Nang Air Base, Associated Press, New York Times, The New York Times Locations: Greenfield, Taipei, Vietnam, Saigon, United States, South Vietnam, Long, flabbergasted, Manhattan, Levittown

☆ Meet Allan Maman: The 21-year-old whose cold emails to Andrew Yang and Mike Bloomberg led to him making memes for their political campaigns
▼ + stars: | 2021-04-02 | by ( Dominic-Madori Davis | ) www.businessinsider.com time to read: +10 min

Allan Maman, a 21-year-old who didn't go to college, is the brainchild behind many of the memes used by the presidential campaigns of Andrew Yang and Mike Bloomberg. "Even people that were anti-Bloomberg or anti-or pro-Trump were tweeting, 'Oh this is actually a funny meme,'" Maman said. 'I think it's really cool that we kind of started political memes.' Allan MamanAnd as for his political meme career, Maman isn't so sure he will ever go back to it after the November election. "I think it's really cool that we kind of started political memes," he said.

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