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☆ The International Space Station is leaking. NASA and Russia’s space agency disagree on the risks
▼ + stars: | 2024-11-15 | by ( Jackie Wattles | ) edition.cnn.com time to read: +11 min

CNN —A Russian-controlled segment of the International Space Station is leaking, allowing pressure and air to bleed out. The situation has reached a fever pitch as cosmonauts scramble to patch problem areas and officials from Russia’s space agency, Roscosmos, and NASA disagree about the severity of the problem. Looming space station issuesNASA has contingencies in place for crew safety, but the space agency is also grappling with the fact that the leaking Russian module may pose a threat to the safety and longevity of the space station. In addition to Roscosmos, they include the Canadian Space Agency, European Space Agency and Japan Aerospace Exploration Agency. Still, it’s not clear whether the commercial destinations will be ready before the space station is forced to retire.

Persons: CNN —, “, ”, Bob Cabana, Roscosmos, ” Cabana, Cabana, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, NASA's, Aubrey Gemignani, ” Roscosmos, —, “ We’ve, ” Barratt, “ It’s, Oleg Novitskiy, Barratt —, Dana Weigel, compadres, Barratt, Don Pettit, Pettit, Sunita Williams, Butch Wilmore, Nick Hague, Aleksandr Gorbunov, Jeff Bezos, it’s Organizations: CNN, International, NASA, NASA’s, ISS, SpaceX, NASA's Kennedy Space Center, United, ”, Roscosmos, Space Station NASA, Zvezda, Station, Space Station, Russian Soyuz, Soyuz, SpaceX Crew, Canadian Space Agency, European Space Agency, Japan Aerospace Exploration Agency, Origin Locations: Zvezda, United States, Russia, Florida, Russian

☆ I've spent over $10K on friends' weddings in 2.5 years. Anyone who puts you in a hard financial situation isn't a good friend.
▼ + stars: | 2024-10-12 | by ( Jane Zhang | ) www.businessinsider.com time to read: +10 min

Shannon Detrick has spent over $10,000 for friends' weddings and bachelorette parties since 2022. And that doesn't even include the four weddings for which we've been guests but not part of the wedding party. At the wedding, most of the members of our wedding party stayed for free in the big house on the wedding venue's property. There's also the issue of budgeting time off to attend friends' weddings — it starts to add up. That can be really, really challenging.

Persons: Shannon Detrick, —, I've, That's, we've, it's, It's, wasn't, we're, There's, she's, could've, I'm, Jane Zhang Organizations: Service Locations: Sacramento , California, Palm Springs, Miami, New Orleans, Denver, Maine, California, Sonoma

☆ Gen Z's New Side Hustle: Getting Rich As Airbnb Super Hosts
▼ + stars: | 2024-10-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

Arbitrage hosts like Anderson take to TikTok, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." There's no way to know for sure how popular Airbnb arbitrage is. Related storiesBut Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market.

Persons: Hailie Anderson, factly, Anderson, —, Donald Trump, Dave Ramsey, Trump, Inayah McMillan, — tycoons, TikTok, she's, Airbnb, Jamie Lane, Alfred, They're, there's, Lane, Konrad Bicher, Wolf, Bicher, Tom DeRose, It's, it's Organizations: YouTube, HGTV, Target Locations: Austin, Salt Lake City, Nashville, Florida, New York, Cities, Barcelona, Europe, Asia

☆ Selena Gomez, now a billionaire, has owned multimillion-dollar properties in Texas and California. Take a look at her real-estate portfolio.
▼ + stars: | 2024-09-27 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

In 2014, the "Monte Carlo" actor bought a Mediterranean-style residence in Calabasas, California, for $3.69 million. This Santa Monica mountain view visible from Calabasas. Andy Konieczny/ShutterstockFor her next real-estate purchase, Gomez chose a $3.69 million 7,700-square-foot mansion in Calabasas, a neighborhood that's been home to celebrities including Kim Kardashian, Miley Cyrus, and Justin Bieber. The five-bedroom, six-bathroom home was among Mureau Estates' 11 luxury villas, part of a big, private gated community. The main home, per House Beautiful, featured five fireplaces, a gym, a movie theater, and even an underground wine cellar.

Persons: Monte Carlo, Andy Konieczny, Gomez, Kim Kardashian, Miley Cyrus, Justin Bieber Organizations: Mureau Estates, Teen Vogue Locations: Calabasas , California, Monica, Calabasas, French Montana

☆ Money market funds hit another record high — but experts warn it's time to move out of cash. Where they see opportunity
▼ + stars: | 2024-09-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Assets in money market funds hit $6.3 trillion the week that ended Wednesday, another record high, according to the Investment Company Institute . The annualized 7-day yield on the Crane 100 list of the 100 largest taxable money funds is currently 5.08%. History shows that when investors do move out of money market funds, they move into fixed income over equities, he said. Institutional investors will also continue to move into money market funds as the Fed cuts rates because any cash they have in direct money market investments, such as Treasury bills, will be hit by rate cuts quicker than money market funds, explained Peter Crane, founder of Crane Data, a firm that tracks the industry. Once you have the appropriate cash needs set aside, consider moving any excess funds into fixed income, Jenkin said.

Persons: Mark Cabana, Peter Crane, Crane, Ted Jenkin, Jenkin, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio Organizations: Investment Company Institute, Bank of America, Federal Reserve, Institutional, Crane, CNBC, American Express, Bread Financial, UBS, U.S . Locations: UBS Americas

☆ How my family of 4 spent $10,000 on a Caribbean cruise — and what we'll cut next time even though we had a blast
▼ + stars: | 2024-06-20 | by ( Jill Robbins | ) www.businessinsider.com time to read: +5 min

Read previewMy family of four – my husband, two teens, and myself – sailed on the Disney Fantasy this spring. Perhaps surprisingly, this is on par with the higher end of what a family can expect to spend on a seven-night Caribbean cruise: about $270 to $2,600 a person. I don't regret our WiFi or bingo budgetsWe bought an intermediate WiFi package for $490 and spent $152 on bingo. We don't usually spend money on WiFi while cruising, but decided to get a package since this was a longer sailing. We usually play at least one round of bingo and usually don't win much, but my kids enjoy it, and it's something we do as a family.

Persons: —, –, Jill Robbins, we'd, there's, We've Organizations: Service, Disney, Business, Disney Cruise Locations: Port Canaveral , Florida, Orlando ., Grand Cayman, Falmouth, Jamaica, Cozumel, Mexico, Disney's, Cay, Castaway

Featuring an incredible lineup of artists from various musical genres, many are wondering how to get Lollapalooza tickets this year. In addition to the Chicago festival, which is now enjoying its 33rd year, the Lollapalooza shows will now take place in India, Argentina, Chile, and Brazil. Lollapalooza 2024 festival scheduleFour main ticket options are available for Lollapalooza Chicago. How to buy tickets for Lollapalooza 2024 music festivalYou can buy original tickets for Lollapalooza 2024 directly through the festival website. Tickets for Lollapalooza Chicago 2024 are also available through verified resale ticket vendors like Vivid Seats and StubHub.

Persons: Tyler, Melanie Martinez, We've, It's, StubHub, Lizzy McAlpine, Fisher, Labrinth, Benson Boone, Kesha, Mochakk, Chappell Roan, Don Diablo, Freyr, Kasbo, Flo, Olivia Dean, Sam Barber, BigXThaPlug, Matt Hansen, Blondshell, Brandi Cyrus, Riovaz, Mette, Abby Holliday, Camden Cox, Chance Emerson, Adam Diaz, Walter, Goldie Bouilier, Reneé Rapp, Zedd, Faye Webster, Victoria Monét, Raye, Megan Moroney, Qveen, Ryan Beatty, Malcolm Todd, Lola Young, Blu Detiger, Rod, Tommy Richman, Ava Maybee, McKenna Grace, Cale Tyson, Kaliii, Fifteen0eight, Brandi Cyrus Saturday, Tate McRae, Mike, Ethel Cain, Skream, Kenny Beats, Briston Maroney, BoyWithUke, Romy, Yoasobi, Josiah, Dora Jar, Nia, Jyoty, Tanner Usrey, Armani White, Natalie Jane, Brigitte, Sam Nelson, Will Linley, Hayes Warner, Tommy Newport, Xandra Skrillex, Conan Gray, Dominic Fike, Pierce, Teddy, Vince Staples, Whyte Fang, Ben Böhmer, Grentperez, Mimi Webb, Knox, Briscoe, Jessica Audiffred, Nico Vega, Willis, Valencia Grace, Scarlet Demore, Eddie, Kyle Dion, Kaitlin Butts, Ryan Trey, Huddy, Carmen Deleon Organizations: Business, Chicago, Grant, Lollapalooza Chicago, Royce, Wolves, Chicago Philharmonic, National Parks, TV, Cannons, Nia Archives, Cinema Locations: Grant, Chicago, India, Argentina, Chile, Brazil, StubHub, D4VD, Saint Levant, Glendale, Savannah Ré, Hanabie, Nostalgix

☆ 'Chopped'-winning celeb chef who didn't pay rent for over 4 years gets evicted
▼ + stars: | 2024-06-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA celebrity chef who skirted rent payments for four and a half years has officially been evicted from his Brooklyn apartment, according to media reports. Cowan first moved into the 1-bedroom $2,700/month apartment in October 2019, but he hasn't paid any rent since January 2020, the Post reported. AdvertisementIn Queens, New York, a couple is in a legal battle with a man refusing to leave their recently purchased $2 million home. The four-bedroom home had a pool, a spa, and a cabana — a lush dwelling while not paying rent.

Persons: —, Madison Cowan, Cowan, hasn't, Cowan —, Scarlett Johansson, Mos, Halle Berry, Gus Sheha, Sheha Organizations: Service, New York Post, Business, WABC, Fox News Locations: Brooklyn, Queens , New York, New York City, Texas, Beverly Hills

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ Jerry Seinfeld is unfazed that 'Unfrosted' got terrible reviews: 'It doesn't matter what you think of me'
▼ + stars: | 2024-05-30 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJerry Seinfeld doesn't care that "Unfrosted," his directorial debut, got terrible reviews. I think it's funny that you hated it because you wanted to laugh and you didn't laugh." "Unfrosted" follows a handful of successful recent movies about the creation of popular products, including "Steve Jobs," "The Social Network," and "Tetris." Even though it failed to make waves, Netflix didn't lose as much money on "Unfrosted" as it could have.

Persons: —, Jerry Seinfeld, Bob Cabana, Melissa McCarthy, Hugh Grant, James Marsden, Bari Weiss, Seinfeld, he's, Steve Jobs, Mattel, Netflix didn't, would've, Glen Powell, Tom Cruise Organizations: Service, Rotten, Business, Social Network, Netflix Locations: California

☆ The Fed needs more 'confidence' that inflation will be moving sustainably lower: BofA's Mark Cabana
▼ + stars: | 2024-05-30 | 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 EmailThe Fed needs more 'confidence' that inflation will be moving sustainably lower: BofA's Mark CabanaMark Cabana, Bank of America Securities head of U.S. rates strategy, joins 'Squawk Box' to discuss the move in global bond yields, what it means for markets, the Fed's rate path outlook, and more.

Persons: Mark Cabana Mark Cabana Organizations: Bank of America Securities

☆ Rise of resort day passes offers travelers luxury on a budget
▼ + stars: | 2024-05-25 | by ( Micah Washington | ) www.cnbc.com time to read: +5 min

Day passes at hotels and resorts offer guests access to amenities without the cost of reserving a room. Hotels and third-party partners are making day passes more readily available to help bridge the gap between travel-minded consumers and luxury prices. Luxury hotel room rates in July are expected to be 85% higher than the same month in 2019, before the Covid pandemic, according to the luxury travel company Virtuoso. Berg said day passes "give people exactly what they want" and provide a separate source of revenue for hotels. Customers who buy day passes through ResortPass often splurge on poolside or other hotel amenities more than overnight guests do, Wolf said.

Persons: Lora Bowler, Bowler, she's, Hayley Berg, Hopper, Berg, Sarah Payton, Michael Wolf, Wolf, ResortPass Organizations: The New, Booking.com, Consumers, Virgin Hotels, Empire, ResortPass, Waldorf, Astoria, JW Marriott Locations: The, The New York, U.S, Virgin Hotels New York City, Manhattan's Koreatown, Fontainebleau, ResortPass

☆ A White-Collar Indictment Shatters a Congressman’s Blue-Collar Image
▼ + stars: | 2024-05-13 | by ( Kenneth P. Vogel | Kitty Bennett | ) www.nytimes.com time to read: +1 min

Over the years, Representative Henry Cuellar often harked back to the small house in Laredo, Texas. It was there that his parents, one-time migrant workers who spoke no English, raised him and his seven siblings to value hard work and beware the dangers of debt. The references in speeches, campaign advertisements and interviews were intended to forge affinity with the largely Hispanic residents of his hometown. Mr. Cuellar had become the hub of a bustling small enterprise that blurred the lines between his political operation, his businesses and his family, affording him trappings of affluence even as he sometimes strained to make ends meet. He took on an increasing amount of debt, and his net worth declined.

Persons: Henry Cuellar, ”, Cuellar Organizations: Navy Locations: Laredo , Texas, Laredo, Nationals

☆ Atlantis The Royal, Dubai: Inside the Middle East’s ‘best’ hotel
▼ + stars: | 2024-05-07 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Atlantis, The Royal Atlantis, The Royal: The double-height bar is perfect for sunset cocktails — although you won't be making your own drinks, as there's a 24-hour bartender ready to make your favorites. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.

Persons: Swedish House Mafia —, there’s, ”, Tom Roelens, There’s, Cabana, Rebecca Cairns, Kendall Jenner, “ We’ve, we’ve, Graff, bathrobes, Jay Z, Louis, Valentino —, “, it’s, Estiatorio Milos, Costas Spiliadis, — Organizations: CNN, Swedish House Mafia, Royal, Atlantis Resorts, Dolce, Gabbana, cabanas, Atlantis, “ Royal, Nobu, —, Chefs, Sky Locations: Dubai, Beyoncé, isn’t, Arabian, Atlantis Royal Dubai

☆ A $50 million private island that's a 10-minute boat ride off the coast of Florida just hit the market. Take a look.
▼ + stars: | 2024-04-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

A 7-acre private island off Florida's coast is on sale for $50 million. AdvertisementIf owning a private island is a personal dream for you, you're in luck — a 7-acre private island located just 3 miles off the coast of Florida just hit the market and could be all yours for $50 million. Jon Kohler & AssociatesFrom the dock on the mainland, the Panama City Beach International Airport is an hour-and-twenty-minute drive away. Jon Kohler & AssociatesJon Kohler & AssociatesIn this scenario, Weldon said the setup would be similar to a condo homeowners' association. Jon Kohler & AssociatesThe bungalows, which were first built in 2009, were remodeled when Seymour bought the island in 2018.

Persons: —, Saint Joseph Bay, Joe, Samuel, Black Sam, Bellamy, Jon Kohler, Lori Bembry Weldon, Weldon, Scott Seymour, Associates Jon Kohler, Seymour Organizations: Service, Associates, Panama City Beach, Jon Kohler & Associates, Business Locations: Florida, Saint Joseph, Port St, Florida's, Black's, Panama, Atlanta

☆ I'm 68, and one of my most treasured friends is 96. I've known her since I was a child and appreciate her more the older I get.
▼ + stars: | 2024-04-16 | by ( Michael Arkin | ) www.businessinsider.com time to read: +4 min

We don't need institutional studies to know that having good friends makes us happier and healthier. And when we think of friendships, more often than not, we think of people who are generally around our own age. But I've learned that intergenerational friendships, defined as those with someone at least 15 years older or younger, can be the most rewarding of them all. Six years later, when my own mother died from cancer, Terri gradually assumed the role of surrogate mother, becoming a non-judgmental sounding board. The older I get, the more I appreciate her, perhaps because as I age, I realize that time is finite and precious.

Persons: I've, Terri, Kathy, hipper, cabana, Frank Sinatra Organizations: Service, Business Locations: Riverdale , NY, India, California, New York

☆ Squatters took over a Beverly Hills mansion worth millions for 5 months
▼ + stars: | 2024-03-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Squatters who took over a Beverly Hills mansion for five months seemed to take the saying literally. The squatters made money off of the home by hosting parties with entrance fees from $500 to $1,500, Curbed reported. According to Curbed, Yamout purchased the home in 2021 from Notre Dame Properties, which is allegedly "controlled" by Uwaydah. AdvertisementYamout took legal action against the squatters, filing an unlawful detainer lawsuit to evict them, Curbed reported. Gargiulo told Curbed that he has no regrets about living in the mansion or the headaches he brought the residents of Beverly Grove Place.

Persons: —, Morgan Gargiulo —, Gargiulo, John A, Woodward IV, LeBron James, Jennifer Lopez, Ben Affleck, Woodward, didn't, he'd, Adel Yamout, Yamout, Damon Dash, Munir Uwaydah, Michael, Harry, Harris, Donald Trump, I've Organizations: Service, Beverly Hills, Beverly, Los Angeles, Row Records, Notre Dame Properties, Uwaydah, Business Locations: Los, Los Angeles, Beverly, Beverly Hills, Beverly Grove, Woodward, California

☆ I rented a $365 cabana at Disney World's Typhoon Lagoon, and it was worth every penny even though it took 3 hours to book
▼ + stars: | 2024-02-06 | by ( Megan Dubois | ) www.businessinsider.com time to read: +7 min

I rented a cabana for a day at Disney's Typhoon Lagoon water park for $365. AdvertisementI've been going to Disney World for over 25 years, and I've been to its water parks — Typhoon Lagoon and Blizzard Beach — a few times. But during my most recent visit to Typhoon Lagoon, my family and I decided to spring for a poolside cabana. When my family and friends arrived at Typhoon Lagoon, check-in for the cabana was easyWe were stationed at Beachcomer Shack 7. AdvertisementThe time spent in the water was mostly on the lazy river, because the water park was very busy.

Persons: I've, cabana, —, Megan duBois, it's, I'd, cabanas Organizations: Service, Disney, cabana, cabanas Locations: Typhoon

☆ Mary Cleave, the first woman to fly on NASA’s space shuttle after Challenger disaster, dies at 76
▼ + stars: | 2023-11-29 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —Mary Cleave, the NASA astronaut who in 1989 became the first woman to fly on a space shuttle mission after the Challenger disaster, has died at the age of 76, the space agency announced on Wednesday. “For me, space flight was great, but it was gravy on top of getting to fly in great airplanes,” she told NASA. Getting to orbitOn her first mission, flying on NASA’s Space Shuttle Atlantis in 1985, Cleave became the 10th woman to travel into space. Over the course of her two shuttle missions, Cleave spent more than 10 days in orbit. Cleave said she made the difficult decision to move on from the corps and NASA’s astronaut hub in Houston, taking a role at Goddard Space Flight Center in Maryland in 1991.

Persons: Mary Cleave, “, ”, Bob Cabana, “ Mary, ” Cleave —, —, Cleave, ” Cleave, Judith Resnick, Sally Ride, Sally, Cleave “ Organizations: CNN, NASA, Challenger, Science, Colorado State University, Utah State University, Atlantis, CapCom, Ride, Goddard Space Flight, Maryland Locations: Neck , New York, Utah, Houston, Maryland, Washington , DC

☆ In Rio de Janeiro, Architecture That’s in Sync With the Jungle
▼ + stars: | 2023-11-22 | by ( Michael Snyder | Pedro Kok | ) www.nytimes.com time to read: +2 min

Juaçaba’s work, by contrast, was plain yet potent in its attention to detail. “She leaves room for the imagination.”In one of their firm’s first projects, 2015’s Videiras Pavilion — an extension of a pre-existing country home in a valley 62 miles from Rio — a 386-square-foot structure seems to levitate over a gentle slope. Made largely from recycled timber left on-site by the previous owners, the external structure is rich in detail, featuring puzzlelike junctions of banisters and beams. Deep frames around unglazed windows double as outdoor seats. The black paint used in parts was inspired by the natural patina acquired by Indigenous palm-thatch dwellings, a resilient typology throughout Brazil that most architects, until recently, wouldn’t have considered architecture at all.

Persons: ”, Pedro Varella, Caio Calafate, Alziro Carvalho Neto, Felipe Rio, Gávea Organizations: Felipe Rio Branco Locations: Rio, Itanhangá, Gru.a, Rio —, Videiras, Brazil

☆ A Silicon Valley tech investor's wedding at a famous Utah landmark left the site completely trashed, council member says
▼ + stars: | 2023-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

A Silicon Valley investor's wedding at a natural Utah landmark was larger than he initially let on. The Bureau of Land Management eventually had to clean up leftover trash and abandoned property. AdvertisementGibson wrote a letter to the Bureau of Land Management asking about the event and sharing her photos. But rangers with the agency eventually had to collect "abandoned property and refuse," according to the outlet, which cited the land management email. Gibson and other town officials are now asking the Bureau of Land Management to keep such receptions from happening in the future.

Persons: Andrew Chen, —, Pamela Gibson, Emma Waldron, SFGate, Chen, Andreessen Horowitz, Gibson, Jazmine Duncan, Waldron Organizations: Land Management, Service, Labor, Miss, Valley, Twitter, of Land Management, Business Locations: Utah, Castle Valley, Castleton, Moab , Utah, Castle

☆ Bond rout won't end Fed balance sheet cuts, but endgame bubbling into view
▼ + stars: | 2023-10-06 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Since June 2022, the Fed has allowed more than $1 trillion of bonds to mature from its portfolio, including roughly $840 billion of Treasuries. QT drains liquidity from the banking system, reducing bank reserves parked at the Fed and cash stashed in its reverse repo facility. Others believe money market rates will start to move up in ways suggesting the system is short of cash. A New York Fed report in April projected an end to QT around the middle of 2025. A survey of major banks by the New York Fed released in August eyed an end to QT in mid-2024.

Persons: it's, ”, Kathy Bostjancic, Bostjancic, Goldman Sachs, Loretta Mester, “, Austan Goolsbee, Mary Daly, Michael Barr, Michael Cloherty, Mark Cabana, ” Cabana, Cabana, Michael S, Ann Saphir, Dan Burns, Andrea Ricci Organizations: Goldman Sachs, Federal Reserve, Silicon Valley Bank, Fed, Treasury, Reuters Graphics Reuters, Cleveland Fed, Bloomberg, Chicago Fed, San Francisco Fed, UBS, Bank Policy Institute, New York Fed, Bank of America, Daily, Derby, Thomson Locations: Silicon, Washington

☆ How researchers are developing fabrics that can keep skin 9 degrees Fahrenheit cooler than cotton
▼ + stars: | 2023-09-11 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

A lab in China made a fabric that can keep skin temperature 9 degrees Fahrenheit cooler than cotton. Brands including Bearbottom Clothing, LifeLabs, and Mission have products like t-shirts that can cool you down by 3 degrees Fahrenheit and hats that get 23 degrees Fahrenheit cooler when wet. Guangming TaoThe temperature of the student's skin wearing the side with the metafabric was 4.8 degrees Celsius, or about 9 degrees Fahrenheit, cooler than the side covered in cotton. AdvertisementAdvertisementThis isn't the first cooling fabric to be developed, but other fabrics have been extremely thin and fragile. Athletes, construction workers, soldiers, and others could benefit from wearing the cooling fabric, Tao said.

Persons: Summers, Robert Felder, Bearbottom, NanoStitch, Guangming Tao, Tao, Guangming Organizations: Brands, Service, Bearbottom, China, Wuhan National Laboratory, Optoelectronics, of Materials Science, Engineering Locations: China, Wall, Silicon, Wuhan

REUTERS/Johnny Carvajal Acquire Licensing RightsCARACAS, Sept 7 (Reuters) - Before they were arrested and sentenced to 16 years in prison on conspiracy charges, the six Venezuelan activists marched peacefully to call for better salaries for teachers, according to their families and lawyers. The latest moves by Venezuelan authorities demand a coordinated response from other countries, advocates said. He has long accused Venezuela's opposition of seeking to spread chaos. "But obviously I don't have faith in Venezuelan justice," said Oropeza, the wife of activist Bracho. Reporting by Vivian Sequera; Writing by Julia Symmes Cobb; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Oropeza, Alcides, Johnny Carvajal, Nicolas Maduro's, Yorbelis Oropeza, Fionnuala Ni Aolain, Clement Nyaletsossi Voulue, Juan Pappier, Gonzalo Himiob, Hugo Chavez, Venezuela's, Maduro, Javier Tarazona, Tarazona, Roland Carreno, Joel Garcia, Tarazona's, Himiob, Valentina Ballesta, Franks Cabana, Oscar Perez, Ana Leonor Acosta, Xiomara Andara, John Alvarez, Garcia, Bracho, Vivian Sequera, Julia Symmes Cobb, Daniel Wallis Organizations: REUTERS, Rights, Maduro, Judiciary, United Nations, Human Rights, Foro Penal, Amnesty International, Coalition for Human Rights, Democracy, Thomson Locations: Caracas, Venezuela, Rights CARACAS, U.S, they'll, Foro, Russia, China, Colombia, Brazil, Colombian, Venezuelan

☆ Brazil's Lula unveils $350 bln 'growth acceleration' plan
▼ + stars: | 2023-08-11 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +3 min

A general view of the Copa Cabana beach during Independence Day celebrations, in Rio de Janeiro, Brazil September 7, 2022. Critics say it incurred excessive spending, exacerbating Brazil's fiscal crisis, while failing to bring fundamental advances in infrastructure. The government did not immediately detail the fiscal impact of the initiative, or give a specific time frame for the plan. Yet Lula is under pressure to deliver much-needed growth to poor, under-developed regions and he wants Petrobras to be an engine of growth. "We'll accelerate growth in our country and help stop degradation of our planet," Haddad said in a speech.

Persons: Ricardo Moraes, Luiz Inacio Lula da Silva, Dilma Rousseff, Staff Rui Costa, Lula, Jair Bolsonaro, Fernando Haddad, Haddad, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Anthony Boadle, Kirsten Donovan Organizations: Copa Cabana, REUTERS, Staff, Petrobras, PETR4, Finance, Sao Paulo, Thomson Locations: Rio de Janeiro, Brazil, JANEIRO, Sao

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