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☆ A millennial who makes 6 figures says she's looking across the US for a home but is struggling to find one in her budget that has green space and a 'metropolitan vibe'
▼ + stars: | 2024-06-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Read previewWhen Madelyn Driver and her husband began house-hunting, they thought they had a few advantages. The 30-year-old makes over $100,000 working in the tech industry, according to a document viewed by BI — and she said her husband also has a six-figure income. Driver is among a group of Americans with six-figure incomes who are having trouble meeting some of their financial goals. Related storiesOf course, for the majority of Americans who don't have a six-figure income — the average annual full-time salary was about $84,000 as of March — affording a home is even more of a challenge. Driver said their ideal location would have a highly educated population, diversity, plenty of green space, and milder weather than the Northeast.

Persons: —, they're, they've, Driver, hasn't, millennials Organizations: Service, BI, Business Locations: Pennsylvania, Colorado, Carolinas, Virginia

☆ Oppressive heat wave will broil huge swaths of the East with record-breaking temperatures this week
▼ + stars: | 2024-06-17 | by ( Mary Gilbert | Elizabeth Wolfe | ) edition.cnn.com time to read: +3 min

Some areas could endure the longest heat wave they’ve seen in decades, the National Weather Service’s Weather Prediction Center said. Tens of millions of people who aren’t used to heat this intense will be sweating in temperatures well into the 90s this week. Through the rest of the week, the most extreme heat risk is in place from the Great Lakes into the Northeast, according to the National Weather Service. Humidity will also join forces with extreme heat to create triple-digit heat indices – measurements of how hot the human body feels – in some areas. Chicago residents could feel heat indices between 95 and 105 degrees through next week, the NWS in Chicago warned.

Persons: CNN’s Robert Shackelford Organizations: CNN, National Weather Service, Prediction, NWS Locations: South, Midwest, Great, Chicago, St, Louis, Detroit, Cleveland, Pittsburgh , New York City, Boston, Pittsburgh, New York, New England

☆ Nikhil Gupta: Indian suspect in plot to kill Sikh separatist extradited to US
▼ + stars: | 2024-06-17 | by ( ) edition.cnn.com time to read: +3 min

Nikhil Gupta has been accused by U.S. federal prosecutors of plotting with an Indian government official to kill Gurpatwant Singh Pannun, a U.S. resident who advocated for a sovereign Sikh state in northern India. Gupta traveled to Prague from India last June and was arrested by Czech authorities. Canada said in September its intelligence agencies were pursuing allegations linking India’s government to the murder of Sikh separatist leader Hardeep Singh Nijjar in June 2023 in Canada. India’s government has dissociated itself from the plot against Pannun, saying it was against government policy. New Delhi has long complained about Sikh separatist groups outside India, viewing them as security threats.

Persons: Nikhil Gupta, Gurpatwant Singh Pannun, Gupta, Jeffrey Chabrowe, India’s, Hardeep Singh Nijjar, Pannun, ”, Narendra Modi, Washington Organizations: Washington Reuters, U.S, of Prisons, Indian, Metropolitan Detention Center, U.S . Justice, Sikh, Reuters Locations: An, United States, Czech Republic, U.S, India, Prague, Czech, Brooklyn, Brooklyn ., Canada, Washington . New Delhi

☆ These are the most expensive, and cheapest, cities to live in if you're an expat
▼ + stars: | 2024-06-17 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

A new study by Mercer ranked 226 cities in the world based on how expensive they are to live in. Four of the most expensive cities are in just one country. One Canadian city ranked highest for finding the balance between cost and quality of living. AdvertisementSome expats seek a better quality of life in a cheaper city; others follow a dream job posting to an expensive metropolitan hub. New research by consulting firm Mercer has revealed the ten most expensive cities for international employees to live in in 2024.

Persons: —, Mercer Organizations: Mercer, Service, Business

☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

☆ Investors may be looking at commercial real estate risk all wrong and missing these opportunities
▼ + stars: | 2024-06-16 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

The threat from a looming wave of maturing commercial real estate loans has been well telegraphed to investors, but it's possible the metrics they are using to protect themselves from risk are flawed. Many investors have been avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure. Investors have been punishing regional bank stocks, especially when the bank's commercial real estate exposure tops more than 300% of its total equity . While the latter two have some exposure to New York City real estate, both banks benefit from strong management teams, he said. (New York real estate markets are navigating both falling office values as well as the dynamics of rent-regulated multifamily properties.)

Persons: Erika Najarian, Stephens, Matt Breese, Breese, Webster, Najarian, Piper Sandler, Scott Siefers, Siefers, generalists Organizations: Owners, KBW, Regional Banking, UBS, Federal Deposit Insurance Corp, Federal Reserve, Kansas City Fed, NBT Bancorp, Webster, National Bancorp, Micron Technology, Financial Group, Citizens Locations: New York City, York, . Connecticut, New, New York, Providence, R.I

☆ Congestion Pricing Delay in New York Ripples Across the Country
▼ + stars: | 2024-06-16 | by ( Ana Ley | Winnie Hu | ) www.nytimes.com time to read: 1 min

In a country where the car is still king, New York had stirred hope that an ambitious policy prioritizing mass transit was possible. But that optimism unraveled this month, when Gov. Kathy Hochul abruptly halted a congestion pricing tolling program that promised to take thousands of cars a day off the streets of Midtown and Lower Manhattan while generating billions for critical repairs and improvements to the subways, buses and two commuter railroads. The governor’s decision came amid a fierce outcry from opponents, including many drivers from the boroughs and suburbs outside Manhattan. In doing so, she punched a $15 billion hole in the capital budget of the Metropolitan Transportation Authority, leaving long-planned work on the subway in limbo.

Persons: Kathy Hochul Organizations: Gov, Metropolitan Transportation Authority Locations: New York, Midtown, Lower Manhattan, Manhattan

☆ A healthy, active 100-year-old shares her 3 science-backed tips for living a long, happy life
▼ + stars: | 2024-06-15 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Fleischman's privileged life likely helped her reach 100 in good health, and genetics probably played a part, too. Here are three habits Fleischman has kept up across her life that may have helped her reach triple digits. BI's Gabby Landsverk recently reported on some of the best exercises for longevity and balance that don't require a gym. One 2019 study found that women who had an active social life were 41% more likely to reach age 85 than those who were isolated. Fleischman, who calls herself a "professional volunteer," has been doing so her whole life, and says that helping others "gives her pleasure."

Persons: —, Barbara Fleischman, Lawrence Arthur Fleischman, Fleischman, Kennedy, Johnson, I've, she's, She's, Gabby Landsverk Organizations: Service, Juilliard School, New York Public Library, American, Smithsonian Institution, Metropolitan Museum of Art, Business, United Nations, Sunrise, The New York Public Library, Carnegie Hall, Juilliard, Centers for Disease Control Locations: Detroit, New York City, New York, East

☆ Storms Don’t Need a Name to Wreak Havoc in South Florida
▼ + stars: | 2024-06-13 | by ( Patricia Mazzei | ) www.nytimes.com time to read: +1 min

The rhythms of South Florida’s rainy season used to be somewhat predictable, with hot, humid days leading to midafternoon thunderstorms and then clear skies. Sometimes a downpour would ruin the evening commute; sometimes it would start and end in the few minutes it took to leave your desk and walk to the car. The pounding rain came weeks after the region experienced a stretch of rainless days that were extremely hot, with the heat index last month reaching a record high of 112 degrees. Florida’s sticky, bug-ridden storm season has always been more about endurance than enjoyment, even for those who savor the relative quiet. But staggering from oppressive heat to oppressive rain has robbed residents and businesses of a sense of routine that at least made this time of year a little more manageable.

Locations: Florida

☆ American Power Shift: CEOs, Average Employees Live in Different Cities
▼ + stars: | 2024-06-12 | by ( Ned Resnikoff | ) www.businessinsider.com time to read: +9 min

Given this truism, it's no wonder that the populations of America's so-called superstar cities have stagnated while the Sun Belt's metropolitan areas have boomed. The COVID-era transition to more remote work accelerated this process of "domestic offshoring," a recent study by the workforce-analytics company ADP found. Domestic offshoring regionally segregates middle- and working-class employees from their employers, making it far more difficult for the former group to advance professionally. Domestic offshoring threatens to lock in these effects, potentially costing the country trillions of dollars in forgone wealth creation. But if domestic offshoring persists, fewer of the city's other residents will be middle-class professionals; those people will tend to congregate in domestic-offshoring sites.

Persons: Austin, Chang, Tai Hsieh, Enrico Moretti, Ned Resnikoff Organizations: Sun, Orlando, America, —, Companies, Workers Locations: California, New York, Los Angeles, San Francisco, Jacksonville , Florida, Raleigh , North Carolina, Texas , Arizona, Florida, Austin, Raleigh, Charlotte, North Carolina, America's, Nashville, Bay, Tennessee, New York City, San Francisco and New York

☆ Climate and Kathy Hochul’s Pause on New York Congestion Pricing - The New York Times
▼ + stars: | 2024-06-12 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

Kathy Hochul, a Democrat, who announced her unilateral decision about the suspension last week: perhaps slightly better chances for New York Democrats in a couple of fall congressional races. Tax coffers have rebounded, too, to the extent that the city canceled a raft of planned budget cuts. The one obvious measure by which the city has not mounted a full pandemic comeback is subway ridership — a measure that congestion pricing would have helped and pausing it is likely to hurt. In announcing the pause, she also expressed concern for the financial burden the $15 surcharge would impose on working New Yorkers, though the city’s working class was functionally exempted from the toll by a rebate system for those with an annual income of $60,000 or less. But each of them was within spitting distance of Grand Central, where an overwhelming share of foot traffic — and commercial value — comes from commuters using mass transit.

Persons: Kathy Hochul, Hakeem Jeffries, Hochul, she’d Organizations: New, Metropolitan Transportation Authority, Democrat, New York Democrats, New York Republicans, Grand Central Locations: York, New York State, Manhattan, New York City, Grand

☆ Earning $100,000 a year isn't enough to feel 'rich' in the US anymore
▼ + stars: | 2024-06-12 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

Yet, we hardly feel rich." Americans say they'd need to earn $233,000 a year to feel financially secure and $483,000 to feel rich, according to a Bankrate survey conducted in June 2023. For Driver, getting rich isn't only about boosting one's income — it's about reducing one's expenses. To feel "rich," he guessed that he'd need an annual income of about $400,000 to $500,000 a year — more than triple his 2023 earnings. A high income can come with "lifestyle inflation"It's not just high-earning Americans who say they feel far from rich.

Persons: —, Driver, they've, hasn't, Christopher Stroup, he's, haven't, he'd, Stroup, Abid Salahi, Salahi Organizations: Service, Business Locations: Pennsylvania, Santa Monica , California, Santa Monica, Cincinnati, Vancouver, Canada

☆ Chatuchak: Bangkok market fire leaves hundreds of animals dead
▼ + stars: | 2024-06-11 | by ( Kocha Olarn | Alex | ) edition.cnn.com time to read: +1 min

CNN —Hundreds of animals are believed to have died after a fire ripped through Bangkok’s popular Chatuchak animal market on Tuesday, according to local authorities. The fire started around 4:10 a.m. local time in Sri Somrat market, in Chatuchak, where live fish and animals were being sold, the Chatuchak administrative office said. Bangkok authorities said no one was injured in the blaze, but “lots of pet animals” were affected. It said the damaged area is estimated to be around 1,400 square meters (about 15,000 square feet). Dogs, cats, rabbits, snakes, birds, fish and chickens were among the animals affected, according to the Bangkok Metropolitan Administration’s emergency unit 911.

Persons: Chanakarn Laosarakham, Athit Perawongmetha, Natthanicha K, ” Organizations: CNN, Bangkok Metropolitan, Authorities, Getty, Firefighters, Reuters Locations: Sri Somrat, Chatuchak, Bangkok, AFP

☆ M.T.A. Will Push to Run Subway Safely With Toll Plan Halted, Chief Says
▼ + stars: | 2024-06-10 | by ( Ana Ley | Ed Shanahan | ) www.nytimes.com time to read: +1 min

The chief executive, Janno Lieber, said the agency, the Metropolitan Transportation Authority, would emphasize “basic stuff to make sure the system doesn’t fall apart” after Gov. Kathy Hochul’s abrupt move last week to halt a congestion-pricing plan that was to finance capital projects. Mr. Lieber, speaking at a news conference where he was joined by a group of grim-faced authority executives, said Ms. Hochul’s decision would force the M.T.A. to shrink its current capital budget, and could potentially affect its next budget and even ripple into day-to-day operations. Among the future projects at risk was the next phase of the Second Avenue Subway line, he said.

Persons: Janno Lieber, Kathy Hochul’s, Lieber, Hochul’s Organizations: Metropolitan Transportation Authority Locations: New York

☆ With congestion pricing stop, New York City enters new era of economic gridlock
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +9 min

Alexander Spatari | Moment | Getty ImagesAs U.S. cities continue their recovery from the pandemic and inflation, New York City was expected to provide a key national test for the economic value of congestion pricing. A cost of living crisis, preparing for climate challenges, and aging infrastructure, including public transportation, all made the congestion pricing plan make sense to many. Her group also has supported a congestion pricing plan for two decades. The long, and often losing, history of congestion pricing The battle over congestion pricing in New York City has a much longer history than you may think. In 2007, then-New York City Mayor Michael Bloomberg made the case for congestion pricing, but couldn't get enough support in the state's capital.

Persons: Alexander Spatari, United States —, Kathy Hochul, Hochul, JPMorgan Chase, Jamie Dimon, —, Kathryn S, Wylde, Josh Gottheimer, William Vickrey, Michael Bloomberg, Andrew Cuomo, Cuomo, that's, Gottheimer Organizations: Metropolitan Transportation Authority, MTA, New, Business District, Gallup, JPMorgan, New York's Department of Transportation, Partnership, Community Service Society, MTA Traffic, Regional Plan Association, Jersey Transit, New York City, New York Times, New York, Buffalo . Rep, Buffalo Bills Locations: New York City, United States, Covid, Manhattan, New York, New Jersey, New Jersey's Sussex County, Jersey, Connecticut, Long Island, Southeastern New York, New, Buffalo

☆ Japanese officials push dating apps in effort to boost birth rates
▼ + stars: | 2024-06-07 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Japanese officials are encouraging their single citizens to get out and mingle through the promotion of dating apps in a bid to foster marriage amid record low birth rates. The Tokyo Metropolitan Government has been at the forefront of such efforts and is expected to launch its own government-backed dating app as early as this year. Already, it has been running a dating app test program called "Tokyo Futari Story," which aims to match individuals using artificial intelligence. Tokyo Futari Story asks participants to submit various identification documents, including tax forms verifying annual income and an official certificate of single status. Users also take a diagnostic test so the app can learn about their values and what they're looking for in a partner.

Organizations: Tokyo Metropolitan Government, Asahi Shimbun Locations: Tokyo, Japan

☆ More Than 400,000 Customers Without Power in Santiago, Chile
▼ + stars: | 2024-06-06 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

Electricity providers in Santiago, Chile’s capital, raced to restore service early Thursday after an outage left hundreds of thousands of customers without power, officials said. Around midnight, a tree fell on a high-voltage transmission tower owned by a private company, Chile’s National Disaster Prevention and Response Service said in a statement. Videos on social media showed a large part of the city plunging into darkness shortly after midnight. At least 428,000 customers in multiple parts of the city, or about 6 percent of the population of Santiago’s metropolitan area, were without power, Chile’s National Disaster Prevention and Response Service said in another statement. Enel Distribución said that it was working with transmission companies to restore power.

Persons: Enel Distribución Organizations: Prevention Locations: Santiago, Chile’s, Santiago’s

☆ Milwaukee-based retail giant Kohl's says 'No' to sponsoring Republican convention events
▼ + stars: | 2024-06-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Milwaukee based department store giant Kohl's says it will not sponsor any events related to the Republican National Convention in that city this summer, where Donald Trump will be crowned the party's nominee for president. Northwestern Mutual is on the host committee and its CEO John Schlifske is reportedly helping to raise money for the group. The absence of Kohl's from the list of Republican convention sponsors notable, given that convention organizers have publicly touted the importance of Wisconsin-based companies helping to fund and organize the event. The Republican convention is aiming to raise roughly $70 million. Representatives for the Republican National Committee and the Milwaukee host committee did not return requests for comment.

Persons: Donald Trump, ManpowerGroup, John Schlifske, Joe Biden, Kohl's, Herb Kohl, Reince Priebus, Wisconsin's, Macy's, It's, CNBC's Melissa Repko Organizations: Republican National Convention, CNBC, Metropolitan Milwaukee Association of Commerce, Fortune, RNC, DNC, Democratic, Convention, Northwestern Mutual, Trump, Wisconsin, Republicans, Democrats, Republican, Republican National, GOP, FEC, Wall Street Journal, Republican National Committee, Target Locations: Miami , Florida, Milwaukee, Brew, Wisconsin

☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ How a humble Indian fabric became a symbol of luxury in 1960s America
▼ + stars: | 2024-06-05 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

But this staple of preppy American fashion has humble origins, far from Martha’s Vineyard or the hallways of Yale or Harvard, in Chennai, India, the coastal city from which it takes its name. Krishnan Nair,” a biography of the Indian textile magnate and hotelier who first sold Jacobson the madras, in a video interview with CNN. From Chennai to shores of the CaribbeanFort St. George was established in the 1630s, helping the British cement a monopoly on the highly lucrative Indian textile industry. Research by the London School of Economics estimates that Indian cotton textiles, which were often exchanged for slaves, accounted for 30% of the total export value of 18th century Anglo-African trade. A madras fabric weaving workshop in Chennai, the Indian city once known as Madras, circa 1990.

Persons: Lisa Birnbach’s “, Ralph Lauren, Brooks, William Jacobson, ”, Bachi Karkaria, Captain C.P, Krishnan Nair, Jacobson, Tony Cenicola, Karkaria, — Nair, “, ’, David Ogilvy, Leonard McCombe, Nair, Ogilvy, Elihu Yale, George, Hathaway, India Madras ”, Eli Yale, King George I, Hathaway Yale, Yale, Kai Toussaint Marcel, Marcel, Tommy Hillfiger, Kimberly M, Jenkins, Patrick Horvais, madras “ Organizations: CNN, Brooks Brothers, Yale, Harvard, New York Times, Milton Academy, madras, Ivy League, East, Yale College, Yale University, Yale . Yale, East India Company, Metropolitan Museum of Art, Parsons School of, London School of, Princeton, Miss College, Sports Locations: madras, Bahamas, Chennai, India, Madras, West Africa, Milton , Massachusetts, superstardom, East India, Fort St, India Madras, Scottish, North Africa, Nigeria, America, Caribbean, St, West Indies, England, France, New Orleans, East Coast, Bermuda, madras Bermuda, Rhode Island, Newport, South Florida, Palm, Fisher

☆ NY Gov Hochul delays controversial NYC congestion pricing plan ‘indefinitely’
▼ + stars: | 2024-06-05 | by ( Gloria Pazmino | ) edition.cnn.com time to read: +6 min

A source familiar with the Governor’s plan said Hochul pushed for the delay due to concerns about affordability and the potential impact to the city’s post-pandemic economic recovery. New York’s congestion pricing would have been the first of its kind in the United States. “As a longtime champion of Congestion Pricing and the Congressional Representative of a significant portion of the Central Business District (CBD), I am disappointed by reports that Governor Hochul will not implement Congestion Pricing on June 30, as previously planned,” Nadler said in a statement. “For years, Leader Hakeem Jeffries has maintained neutrality with respect to the congestion pricing policy debate. Congestion pricing is a $15 billion lifeline for the MTA – critical funding that will be lost if the program is stalled,” the group said in a statement.

Persons: Kathy Hochul, ” Hochul, Hochul, John Samuelsen, CNN Hochul, ” Samuelsen, Joe Borelli, ” Borelli, ”, Ritchie Torres, Jerry Nadler, ” Nadler, Hakeem Jeffries, Andy Eichar, “, Jeffries, ” Eichar Organizations: CNN, New, Yorkers, The New, Metropolitan Transportation Authority, Transport Workers Union, Republican, “, Rep, Democrat, Congressional, Central Business, Transportation, MTA Locations: New York City’s, Manhattan, United States, London, Stockholm, The, The New York City, Staten Island, Hudson, Brooklyn, New York State

☆ These 10 places have the largest shares of middle class residents in the U.S.—4 are in the Midwest
▼ + stars: | 2024-06-04 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Depending on where you live, what's considered a middle income may not actually afford you a middle class lifestyle. Still, over half of U.S. adults self-identify as middle class or upper-middle class, according to a 2024 Gallup Poll. The organization defines middle class as income between two-thirds and double the national median household income, after incomes have been adjusted for household size. Middle income residents make up 65% of the population in Dover, Delaware — the largest share of over 200 metropolitan areas Pew analyzed. There, you need to earn between $36,292 and $108,876 a year to be considered middle class.

Persons: what's Organizations: Pew Research, Pew, . Census, American, Survey Locations: U.S, Dover , Delaware

☆ London babies abandoned over seven years belong to same parents
▼ + stars: | 2024-06-04 | by ( Robert Picheta | ) edition.cnn.com time to read: +3 min

London CNN —Police are searching for the parents of three babies who were wrapped in shopping bags and blankets, then abandoned in east London over the past seven years. A court revealed on Monday that baby Elsa, who was found left in a park in cold weather in January, is a sibling of two other newborns, PA Media reported. All three infants were found alive and were quickly cared for, with the oldest two since being adopted, according to PA Media. Like her sister Roman, she was left in very cold January temperatures. The Metropolitan Police said at the time it was “highly likely” that Elsa was born after a “concealed pregnancy,” according to PA Media.

Persons: Elsa, Harry, Roman, snowing, Simon Crick, “, ” Crick Organizations: London CNN — Police, PA Media, Police, BBC, London Ambulance Service, Metropolitan Police Locations: London, Newham

☆ Belgium Shows What Europe Has Become - The New York Times
▼ + stars: | 2024-06-03 | by ( Anton Jäger | ) www.nytimes.com time to read: +2 min

Delivering a speech to a group of Belgian businessmen this year, Barack Obama warned about the dangers of artificial intelligence, climate change and geopolitical conflict. In what is billed as the largest election year in human history, with about half of the planet heading to polls, Belgium cuts a rather inconspicuous figure. For all its singularity, Belgium tells a quintessentially European story. In Brussels, the seat of the European Union, rising crime, pollution and decaying infrastructure symbolize a continent in decline. With unusual clarity, Belgium shows what Europe has become in the 21st century: a continent subject to history rather than driving it.

Persons: Barack Obama, Obama wouldn’t Organizations: Magritte Museum, European Union Locations: Belgian, Belgium, Brussels, Europe, Flanders

☆ A Climate Scientist Is Voted President of an Oil Country. Now What?
▼ + stars: | 2024-06-03 | by ( Somini Sengupta | ) www.nytimes.com time to read: +1 min

Mexico is the world’s 11th-largest oil producer. Now, it’s elected as its president a woman with a rare pedigree: a left-of-center climate scientist with a doctorate in environmental engineering named Claudia Sheinbaum. She was mayor of Mexico City, a vibrant metropolitan area of 23 million that faces a dire water crisis. She helped write the Intergovernmental Panel on Climate Change reports, the sweeping United Nations documents that have warned the world about the hazards of burning fossil fuels. She’ll face the challenges of poverty, migration, organized crime and relations with the next president of the United States.

Persons: it’s, Claudia Sheinbaum, Sheinbaum, She’ll Organizations: United Nations, Energy Locations: Mexico, Mexico City, United States

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