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☆ Buying a house? These US cities now among the world’s most ‘impossibly unaffordable’
▼ + stars: | 2024-06-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Australia is the only other country besides the US to dominate the “impossibly unaffordable” list, led by Sydney and the southern cities of Melbourne in Victoria and Adelaide in South Australia. But it also blames soaring house prices on land use policies, including “urban containment,” a kind of planning designed to stop urban sprawl. “Toronto and Vancouver show that the cost of taming expansion is unacceptably high: inflated house prices, higher rents and, for increasing numbers of people, poverty,” Cox wrote. The report was compiled by researchers from the Center for Demographics and Policy at Chapman University in California and the Frontier Centre for Public Policy, an independent public policy think tank in Canada. Top 10 “impossibly unaffordable” cities

Persons: it’s, William West, Tyrone Siu, Wendell Cox, Valier, ” Cox, ”, St Louis Organizations: CNN, Getty, Hong, Victoria Harbour, Frontier Centre, Public Policy, Canada, Canadian, New, St, Chapman University in Locations: United States, ”, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia, Maribyrnong, AFP, Hong Kong, Singapore, New Zealand, Toronto, Valier Macon, Vancouver, Pittsburgh, Rochester, Edmonton, Calgary, Canada, Blackpool, Lancashire, Glasgow, United Kingdom, Perth, Brisbane, Chapman University in California

☆ The college job market offers a warning sign to the US labor market
▼ + stars: | 2024-05-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

New York CNN —It’s almost laughable at this point when Bryn Savidge gets a job rejection email. But she is relieved to have at least secured a summer internship at an environmental science publication. But after applying to more than 100 jobs since fall, the Kenyon College grad is having second thoughts. Courtesy Bryn SavidgeOn paper, the job market looks like it’s hardly ever been better. But zooming in on the job market for recent college graduates paints the economy in a much less rosy light.

Persons: New York CNN — It’s, Bryn Savidge, “, ’ ”, Savidge, we’ve, ”, Savidge hasn’t, Bryn, Kory Kantenga, Kantenga, Angela Mangione, Mangione, Angela Mangione “, I’ve, Biden, Moises Brito, Chapman, he’s, Brito, he'll, doesn’t Organizations: New, New York CNN, Kenyon College, Kenyon College grad, of Labor Statistics, “, Colgate University, CNN, Deloitte, Society, Chapman University in Locations: New York, Columbus , Ohio, Buffalo , New York, Chapman University in Orange , California, Orange County , California

☆ ‘Vortenses’ and the Storms of Space-Time
▼ + stars: | 2023-11-07 | by ( Dennis Overbye | More About Dennis Overbye | ) www.nytimes.com time to read: +1 min

If you have ever wondered what it might feel like to be sucked into a black hole — twisted, stretched, confused, doomed — you could do worse than trip through “The Warped Side of Our Universe, An Odyssey Through Black Holes, Wormholes, Time Travel and Gravitational Waves,” a collaborative book project by Kip Thorne, a physicist at the California Institute of Technology, and Lia Halloran, a visual artist and chair of the art department at Chapman University in Orange, Calif.Dr. Thorne brings impressive credentials to the task. In 2017 he won the Nobel Prize in Physics for his work on the Laser Interferometry Gravitational-Wave Observatory, or LIGO, which discovered space-time vibrations resulting from the collision of two distant black holes. He was also the executive producer of the movie “Interstellar.” Ms. Halloran, who grew up surfing and skateboarding in the Bay Area, became obsessed with science after a high school internship at the Exploratorium in San Francisco. The book consists of illustrations of what Dr. Thorne likes to call the “space-time storms” predicted by general relativity, Einstein’s theory of gravity, alternating with his own explanations of the physics, which appear in verse. Many of the illustrations, which are in ink on drafting film, portray Ms. Halloran’s wife, Felicia, being whipped around, crushed and twisted by the forces of nature.

Persons: Kip Thorne, Lia Halloran, Thorne, Ms, Halloran, Halloran’s, Felicia Organizations: California Institute of Technology, Chapman University in Locations: Chapman University in Orange, Calif, Bay, San Francisco

"We're disappointed, of course," Anthony Caso, a lawyer for Eastman, said of the court's decision not to hear the appeal. In decisions in 2022, U.S. District Court Judge David Carter in Santa Ana ordered certain emails to be turned over, including those related to court efforts by Trump and Eastman to delay congressional certification of Biden's victory. Carter ruled that Trump and Eastman had "more likely than not" committed a crime in trying to obstruct Congress. Eastman has sought to erase the judge's determination that the "crime-fraud" exception applied to some of the emails. Trump is the frontrunner for the Republican nomination to face Biden in the 2024 election.

Persons: John Eastman, Yuri Gripas, Donald Trump's, Clarence Thomas, Thomas, Eastman, Virginia, Ginni, We're, Anthony Caso, Trump's, Joe Biden's, David Carter, Trump, Carter, Mike Pence, Pence, Biden, Andrew Chung, Will Dunham Organizations: National Organization, IRS, REUTERS, Rights, U.S, Supreme, Conservative, Washington Post, Democratic, Capitol, Trump . Eastman, Chapman University, Trump, Eastman, San, Circuit, Republican, Thomson Locations: Washington, California, U.S, Santa Ana, San Francisco, Georgia's Fulton County

☆ I bought meals from Chipotle, Chick-fil-A, and McDonald's in-store and online. I was shocked by menu markups as high as 38% for the delivered food.
▼ + stars: | 2023-09-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +11 min

At a McDonald's in Orange, California, Insider found that a Quarter Pounder with Cheese meal cost $10.19. DoorDash said it encourages restaurants to "maintain delivery menu prices that more closely reflect in-store menu prices." "There is a premium associated with the delivery channel," Chipotle told Insider, adding that its delivery prices are about 30% above in-store and order-ahead menu prices. ChipotleInsider food correspondent Nancy Luna found delivery prices about 30% higher at Chipotle compared to in-store prices. "This is one reason – among many – why DoorDash encourages restaurant partners to maintain delivery menu prices that more closely reflect in-store menu prices."

Persons: DoorDash, Chipotle, Uber, Nancy Luna, queso blanco, Shouldn't, It's, McDonald's, Ashwin Kamlani, Kamlani Organizations: Service, Chipotle, Chapman University in, Wall Street Locations: Wall, Silicon, Chipotle, Orange , California, Chapman, Chapman University in Orange, queso, McDelivery, That's

☆ I visited 4 Subway locations and saw firsthand what challenges its new owners will face. I found stale bread, bad tuna, and outdated, dirty restaurants.
▼ + stars: | 2023-09-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.

Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, —, Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange

☆ Opinion | What G.D.P.’s Cousin Can Tell Us About the Economy
▼ + stars: | 2023-08-07 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

But it would make gross output go up because there’s a new B2B purchase involved. It’s at least conceivable that gross output is a leading indicator of the economy. Gross output adjusted for inflation peaked in the same quarter as gross domestic product in 2007, when the deep recession of 2007-9 began. Skousen has created his own version of gross output that’s even bigger than the government’s because it has even more deliberate double counting. His gross output number for this year’s first quarter was more than $58 trillion at an annual rate.

Persons: Gross, Mark Skousen, Finn Kydland, Skousen, David Ranson Organizations: Chapman University in, HCWE Locations: Chapman University in Orange, Calif, G.D.P

☆ The Fed is secretly stress testing the US economy against nightmare scenarios
▼ + stars: | 2023-06-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

When asked how the Fed plans for the worst case scenarios on the geopolitical front, he first responded in Fedspeak. At every Fed policy meeting, he said, “our staff works up six or seven or eight alternative simulations,” he said. The market impact: The policy scenarios considered by the Fed are quite sensitive. That’s likely why when Powell was asked about the scenarios the Fed had most recently considered, he stayed mum. They’re posting elaborate TikToks where they pretend that the McDonald’s Grimace shake has killed them, of course.

Persons: Jerome Powell, Powell didn’t, ”, they’re, Joe Brusuelas, Stacey Tevlin, Ben Bernanke, Philippa Dunne, “, Danielle DiMartino Booth, That’s, Powell, “ I’m, Joe Biden, Biden, “ Bidenomics, Elisabeth Buchwald, Bryan Mena, Read, McDonald’s, Scottie Andrew, Grimace’s, Ronald McDonald, Andrews, it’s, Matthew Prince, “ It’s Organizations: New, New York CNN — Federal, European Central Bank, Federal, RSM, “, Fed, Bloomberg, TLR, QI Research, Federal Reserve, Chapman University, CNN Locations: New York, Portugal, Fedspeak, China, Chicago, America, California, ”

☆ McDonald’s bet on viral success with its Grimace shake. TikTok users are pretending it killed them
▼ + stars: | 2023-06-28 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

Since the debut of the Grimace shake earlier this month, TikTok users have been excitedly ordering the shake, released in honor of McDonald’s character Grimace’s “birthday,” and then pretending to die on camera after consuming the purple beverage. They often dump the shake over their convulsing bodies, apparently signaling that Grimace, that bumbling bestie of Ronald McDonald, killed them. The Grimace shake, though, has become more infamous than beloved. In a typical “Grimace Shake” TikTok, an enthusiastic young person, Grimace shake in hand, will wish the big purple mascot a happy birthday before taking their first sip. When reached for comment, McDonald’s referred CNN to a tweet from Grimace: “meee pretending i don’t see the grimace shake trendd,” along with a photo of the purple one himself, eyebrows raised.

Persons: McDonald’s, Grimace’s, ”, Ronald McDonald, Matthew Prince, “ It’s, it’s, Grimace, J Balvin, Travis Scott, they’ve, Grimace wasn’t, execs, Ronald McDonald’s, Hamburglar, Bell’s, grimace, “ Organizations: CNN, Chapman University, buzzy, Wine, Wednesday Locations: California, ”

Postal Service for alleged religious discrimination is set for U.S. Supreme Court review on April 18, poses in an undated handout image taken at an unknown location. Postal Service over his refusal to work on Sundays gives the Supreme Court another chance to widen religious rights but also has led to a debate over whether religious people are more legally deserving than others to weekend days off from work. The court, with its 6-3 conservative majority, has a track record of expanding religious rights in recent years, often siding with Christian plaintiffs. The Postal Service in 2013, in a bid to remain profitable, contracted with Amazon.com to deliver packages, including on Sundays. His absences caused tension among other carriers who had to cover his shifts, the Postal Service said.

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