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☆ The 15 most and least expensive cities in the US
▼ + stars: | 2024-12-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Ten of the 15 most expensive metros based on regional price parity data for 2023 were in California. The most expensive US metros are commonly found in California, while many of the least expensive ones can be found in the South. That means prices were 13% more expensive than the national average, making it one of the metros with the highest regional price parities. California was 12.6% more expensive than the national average in 2023, making it the state with the highest regional price parity. Pine Bluff, Arkansas, was around 20% less expensive than the national average, making it the metro with the lowest regional price parity in 2023.

Persons: Vipin Arora, Paso Robles, It's Organizations: California metros, Golden State metros, parities Locations: California . Miami, New York, California, Arkansas, Seattle, San Luis Obispo, San Francisco, Oakland, Berkeley, Seattle , New York, Miami, Boston, Honolulu, Pine Bluff , Arkansas

☆ One map shows how expensive it is to live across the country
▼ + stars: | 2024-12-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

AdvertisementThe Bureau of Economic Analysis published new regional price parity data on Thursday that showed how expensive it is to live in different areas of the US. The following map shows overall regional price parities, where a value over 100 means it was above the national average. California metros also made up the majority of the top 10 that had the highest all-items regional price parities in 2023. The metro area of San Francisco-Oakland-Berkeley had the highest at 118.2, meaning it was almost 20% more expensive than the national average. Arkansas continued to have the lowest regional price parity and was 13.5% less expensive than the national average in 2023.

Organizations: BEA, California metros, parities, DC, New Locations: California, Washington, West Coast, Northeast, San Francisco, Oakland, Berkeley, New Jersey, DC, Arkansas, . Alabama, West Virginia, South Dakota

☆ Trump said he'd consider raising the minimum wage. Here's where it stands in every state and the raises both parties have proposed.
▼ + stars: | 2024-12-10 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

President-elect Donald Trump said in an interview that aired Sunday that he "would consider" raising the federal minimum wage. AdvertisementPresident-elect Donald Trump said he'd consider raising the federal minimum wage. Washington state, with a minimum wage of $16.28, and California, with a minimum wage of $16, came in second and third, respectively. Alabama and Mississippi don't have state minimum wage laws. AdvertisementSome Republicans have also proposed raising the federal minimum wage.

Persons: Donald Trump, he'd, It's, Trump, —, Joe Biden, Sen, Bernie Sanders, JD Vance cosponsored, Vance Organizations: DC, Department of Labor, Employment Law, Republican, Senate, Trump, Business Locations: Washington, California, Missouri, Alaska, Mississippi, Alabama, New York, New York City, Long, Westchester

☆ This Texas city has the lowest cost of living in the U.S.: There is 'investment in the area keeps home prices low,' expert says
▼ + stars: | 2024-10-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

This month, Realtor.com released its ranking of the top 10 cities with the lowest cost of living based on the latest regional price parities data from the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). The regional price parities measure the differences in price levels of goods and services across states and metropolitan areas and are shown as a percentage of the overall national price level, the BEA states. Home prices tend to be lower in the South and the Midwest," Jones says. "Markets in the South and the Midwest can expand as demand picks up, which helps keep housing costs low. The price of housing is relatively affordable because of their ability to adapt to demand."

Persons: Realtor.com, Hannah Jones, Jones Organizations: U.S . Department of Commerce's, Analysis, BEA, CNBC

☆ China will remain the world's No. 1 growth driver, says the Asian Development Bank
▼ + stars: | 2024-04-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Flag of China on dark blue background Da-kuk | E+ | Getty ImagesChina will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said. ADB forecasts China to post annual GDP growth of 4.8% in 2024, lower than the government's target of "around 5%." watch nowEven with slower growth, ADB data estimated China will account for 46% of growth in developing Asia in 2024-2025. China currently accounts for 18% and 48% of global and Asian GDP, respectively, based on purchasing power parities exchange rates, a metric used by the ADB, World Bank and International Monetary Fund. ADB expects the country's growth to be the highest in the region, at 7% in 2024 and 7.2% in 2025.

Persons: Albert Park, … it's Organizations: Getty, Asian Development Bank, ADB, World Bank, International Monetary Fund, CNBC Locations: China, Asia, India

☆ Germany Can Cut Funding to Far-Right Party, Rules Court
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

KARLSRUHE, Germany (Reuters) - Germany can cut off state funding to the successor party to the far-right NPD even though it is not banned, the Constitutional Court said on Tuesday in a landmark ruling which adds fuel to a debate about whether the nationalist AfD could be penalised. The court in Karlsruhe justified its decision by saying the National Democratic Party (NPD) and its successor, Die Heimat, aimed to impair or eliminate the country's democratic system. The ruling is being closely watched as mainstream politicians struggle to respond to a surge in support for the far-right Alternative for Germany (AfD), second in most polls with support of about 22%. Hundreds of thousands of people have taken to the streets across Germany protesting against the AfD after a report that some party members discussed policies such as mass deportations of people of foreign origin at a meeting of right-wing radicals. (Reporting by Ursula Knapp; Writing by Madeline Chambers; Editing by Kirsti Knolle)

Persons: Ursula Knapp, Madeline Chambers, Kirsti Knolle Organizations: Constitutional, National Democratic Party, NPD Locations: KARLSRUHE, Germany, Karlsruhe, Bundestag

☆ The 10 cheapest states to retire in
▼ + stars: | 2023-10-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Meanwhile, Washington, DC, Massachusetts, California, and New York are the places where it costs more to retire comfortably. AdvertisementAdvertisementThe south and midwest — which are home to the states with the cheapest cost of a comfortable retirement — have among the lowest regional price parities, which show comparisons of buying power across states and metro areas for a given year. Alternatively, the typical home value in the states where it costs more to retire comfortably ranges from $425,011 in New York to $971,167 in Hawaii. It costs $121,228 to retire comfortably in Hawaii, the only state with a six-figure amount. Hawaii's higher transportation costs, limited housing, and elevated costs of goods that need to be shipped contributed to these high retirement costs.

Persons: —, GOBankingRates, Rowe Price Organizations: Service, of Labor Statistics, Social Locations: Mississippi, Oklahoma, Alabama, Hawaii, Massachusetts, Oklahoma , Alabama , Kansas, Iowa, Washington, DC, California, New York

In midsized metros Metros with 250,000 to one million residents. An Emerging Divide Mobility has risen for college-educated workers, even as it has fallen for workers without a degree. College-educated workers leaving the most expensive parts of the country are also not spreading out equally everywhere — or even going to parts of the country that are struggling. Net migration among college graduates Loss Gain Among the 12 most expensive metros, net college migration has generally declined or turned negative. “Consumer cities,” as she puts it, are increasingly replacing “producer cities” as the places where college graduates want to live.

☆ Republican Kari Lake files lawsuit in bid to overturn Arizona election
▼ + stars: | 2022-12-10 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Kari Lake, the GOP candidate who lost Arizona's governor race in November, filed a lawsuit Friday challenging certification of the state's election results and seeking a court order that declares her the winner. The 70-page lawsuit from Lake, a prominent election denier and Trump ally, contains numerous inaccuracies about the election won by Democratic Gov.-elect Katie Hobbs, Arizona's secretary of state. “Lake received the greatest number of votes and is entitled to be named the winner,” the lawsuit states. “Kari Lake needs attention like a fish needs water — and independent experts and local election officials of both parities have made clear that this was a sage, secure, and fair election,” Hobbs’ campaign manager said. “Arizonans made their voices heart and elected Katie Hobbs as their governor.

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