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CNN —After Covid-19 lockdowns, 2022 was a year of marriages, according to new data. The number of marriages took a dive around the start of the pandemic, numbers show. But in 2020, the marriage rate was down to 5.1 per 1,000 people, the data showed. Growth in marriage rates may be due to more than just rescheduling, said Marissa Nelson, a licensed marriage and family therapist in Washington, DC. Divorce rates are going downIntentionality may also be behind declining divorce rates, she added.
Persons: Marissa Nelson, Nelson, Ian Kerner, I’ve, ” Kerner, , Monica O’Neal Organizations: CNN, US Centers for Disease Control, Prevention’s National Center for Health Statistics Locations: Washington ,, Boston
Creditnews Research, an independent research house, released its new ranking of the fastest-selling housing markets in the U.S. To do a pre-Covid versus 2024 comparison, the study used metrics from January 2020 to January 2024. Five of the top 10 fastest-selling metros were also among the top areas that lost the most per-capita housing inventory since the beginning of the pandemic. Florida had one of the strongest housing markets during the pandemic, according to CNBC's America's Top States for Business ranking, but not a single city in the state ranked in Creditnews Research's top 10. It's a signal that the housing market in the Sunshine State isn't what it used to be.
Organizations: Research, U.S, Business, Creditnews, Sunshine State Locations: U.S, East Coast, Florida, America's, States
CNN —Singapore is drawing fans from all over Southeast Asia and beyond to Taylor Swift’s Eras Tour, much to the annoyance of the city-state’s regional neighbors. “[Our] agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in Southeast Asia,” Lee said at a press conference in Melbourne while on a state visit to Australia. I don’t see that as being unfriendly.”“If we had not made such an arrangement, would she have come to more places in Southeast Asia? Southeast Asia fans dig deep to see SwiftThe Eras Tour is a multi-continent extravaganza that surged to become the highest-grossing tour of all time – and Swift is making Singapore a lot of money. I never really spent big like six-digit (Philippine peso) amounts for someone else, just Taylor Swift,” Suizo said.
Persons: Taylor, Swift, Joey Salceda, Lee Hsien Loong, , ” Lee, Edward Tong, , Srettha Thavisin, Taylor Swift, hasn’t, Edmund Ong, Yun Liu, Errol De Asis, Gilliane, Christel Kaye Kuan, Yedda Mendoza, ” Suizo, it’s, Granada, That’s Organizations: CNN, Southeast, Singapore –, , Singapore, Coldplay, World Bank Locations: Singapore, Southeast Asia, Melbourne, Australia, Bangkok, Thailand, Philippines, Asia, Maybank, ASEAN, Gilliane Granada, China, Granada
Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.
Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles
Read previewJasmine Cambridge, a 25-year-old steakhouse server with aspirations of working in marketing, moved from Atlanta to Austin in 2023. Over 14,100 movers to Austin came from California, while nearly 4,900 moved from New York. AdvertisementA majority of movers to Austin from other states were white, making up 52% of movers, while Hispanic individuals account for 23.1%. Less than half of Americans moving to Austin are married — 43.2% — while 45.6% are single or unmarried. Census data shows that about 74.26% of movers to Austin are renters, while 25.74% are homeowners.
Persons: , Jasmine Cambridge, Austin, I've, Austin —, Jasmine Cambridge Pengyu Cheng, Cheng, Pengyu Cheng, it's, Tesla, They've, Gen Z Organizations: Service, Business, Apple, Google, Oracle, Austin, Survey, University of Minnesota's, Census, Redfin Locations: Atlanta, Austin, Cambridge, San Francisco, California, Pengyu, Texas, New York . Florida , Oregon, Washington
The group kept lagging last year as markets braced for a recession that would especially hurt economically sensitive small caps. And although the market isn't on small caps' side, Rendino believes historical precedent is. However, Rendino isn't discouraged by small caps' slow start and is instead pleased that his firm is outperforming. "Small caps were up in the fourth quarter, and we're having a really good year," Rendino said. "And I know why companies aren't in the good graces of investors and why certain investors shy away from companies."
Persons: , Kevin Rendino, Rendino, Russell, He's, Rendino isn't, he's, we're, we've, Benjamin Graham, David Dodd Organizations: Service, Business, Capita, Federal Reserve, Capital, Federal
The US economy will see a surge in growth as more people start to take GLP-1 weight loss drugs. "The main reason we see economic upside from healthcare innovation is that poor health imposes significant economic costs," Goldman Sachs said. The more people that take GLP-1 weight loss drugs, the faster the US economy will grow, according to estimates from Goldman Sachs. The bank said in a note on Thursday that US GDP would grow by an extra 1% if 60 million Americans took GLP-1 drugs by 2028. There are several channels through which poor health weighs on economic activity that could diminish if health outcomes improve," Hatzius said.
Persons: Goldman Sachs, , Jan Hatzius, Hatzius, Eli Lilly, Goldman Organizations: Service, Goldman, Novo Nordisk
AdvertisementThe think-tank said it calculated child-raising costs in China using 2023 data from the National Bureau of Statistics. AdvertisementIn total, raising a child until they are 18 costs Chinese families an average of 538,312 yuan, or about $73,000, Yuwa said. Middle-income families in the US are projected to spend $233,610 raising a child until they are 18, per the USDA. AdvertisementNotably, the average cost of raising a child in China fell slightly compared to Yuwa's 2022 report on the same topic. The think-tank said data from 2019 showed that the average cost was $76,000, or about seven times the country's GDP per capita at the time.
Persons: , Liang Jianzhang, Huang Wenzheng, Yafu, Yuwa's, Yuwa Organizations: Service, Business, National Bureau of Statistics, Department of, Ministry of Health and Welfare Locations: China, Japan, Beijing, South Korea, Shanghai
Last year, China was surpassed by India as the world’s most populous country. And while some women stop working entirely while raising their children, it makes returning to the workforce incredibly difficult. Women who have children may see a 12% to 17% drop in their wages, the report said, citing research from multiple papers. “Because the current social environment in China is not conducive to women’s childbirth, the time cost and opportunity cost for women to have children are too high,” the report said. The report warned that the falling birthrate could deeply impact economic growth, people’s overall happiness and China’s global standing.
Persons: Organizations: Hong Kong CNN, Research Institute, Communist, Beijing Locations: Hong Kong, China, South Korea, Australia, France, United States, Japan, Communist China, India
Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & Partners. The Southeast Asian country is forecast to see a 125% increase in wealth over the next 10 years, Andrew Amoils, New World Wealth's analyst, told CNBC. This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the firm's analysis. "Vietnam is an increasingly popular manufacturing base for multinational tech, automotive, electronics, clothing and textile firms," Amoils said. India, which is set to become the world's third-largest economy by 2027, takes the second spot with an expected 110% growth in wealth, he added.
Persons: Andrew Amoils, Amoils Organizations: Wealth, Henley & Partners, CNBC Locations: Vietnam, Andrew Amoils ,, India, Asia, Pacific
Hundreds of interns and residents at major South Korean hospitals walked off the job on Tuesday, disrupting an essential service to protest the government’s plan to address a shortage of doctors by admitting more students to medical school. While South Korea takes pride in its affordable health care system, it has among the fewest physicians per capita in the developed world. The protesters, who are doctors in training and crucial for keeping hospitals running, say the shortage of doctors is not industrywide but confined to particular specialties, like emergency care. They say the government is ignoring the issues that have made working in those areas unappealing: harsh working conditions and low wages for interns and residents. Surveys have found that in a given week, doctors in training regularly work multiple shifts that last longer than 24 hours, and that many are on the job for more than 80 hours a week.
Locations: Korea
HARRISBURG, Pa. (AP) — Pennsylvania's high court will consider whether some automatic life sentences for those convicted of murder violate constitutional protections for defendants, the justices said Friday. The appeal being pursued by Derek Lee, convicted of a 2014 killing, argues the state's life-without-parole law violates prohibitions in the Pennsylvania and U.S. constitutions against cruel punishment. Advocates say there are about 5,200 people in Pennsylvania currently serving what they call “death by incarceration” sentences, the highest per capita rate among states. In a June ruling, the Pennsylvania Superior Court cited decisions in previous, similar appeals as it turned down Lee's claim that life-without-parole violates his constitutional rights. But in a concurring opinion, Superior Court Judge Alice Beck Dubow urged the higher court to revisit the matter “in light of changes in related case law from other states and research and policy concerns regarding the criminal justice system.”.
Persons: Derek Lee, , Quinn Cozzens, Lee, ” Cozzens, ” Kelly Callihan, Leonard Butler, Butler, , codefendant Paul Durham, Alice Beck Dubow Organizations: Abolitionist Law Center, Pennsylvania, Association Locations: HARRISBURG, Pa, Pennsylvania, Allegheny
As Prabowo Subianto looks set to succeed Joko Widodo as President, economic growth remains resilient and inflation has stayed low over the past year. But external risks, including Russia's war on Ukraine, continue to cloud the horizon. The World Bank warned in January that global growth will slow for the third consecutive year, to 2.4% in 2024, when the global economy may record the slowest half-decade of GDP growth in 30 years. The government remains hopeful of hitting its 5.2% target in 2024, said Coordinating Minister for Economic Affairs Airlangga Hartarto in early February, acknowledging the risks posed by global economic turmoil, such as the Ukraine-Russia conflict. Regional leadershipTo reach developed country status, a nation typically requires sustained annual economic growth of 7% for 15 consecutive years.
Persons: Prabowo, Joko Widodo, Krisna Gupta, Widodo, Economic Affairs Airlangga Hartarto, Sri Mulyani, Radityo Dharmaputra, Indonesia's Organizations: World Bank, State of, Global, Center, Indonesian, Center for Indonesian, Studies, Bank, Economic Affairs, for Economic Co, OECD, Universitas Airlangga, Ukraine, Insider Studios, Foreign, Commonwealth & Development Office Locations: Indonesia, Ukraine, State, Russia, Jakarta, Southeast Asia, Crimea, Subianto
Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth. The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. The UAE followed in third place with a 77% wealth growth. Other members in the BRICS coalition, such as South Africa and Iran, have seen a decline in their millionaire populations since 2013.
Persons: Michel Temer, Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi, Andrew Amolis, Dominic Volek Organizations: India's, United, Henley & Partners, Wealth, CNBC, Amolis, European Union, Henley, Partners, UAE Locations: South, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Canada, France, Japan, Italy, U.S, United Kingdom, Southeast Asia, UAE
Big Burden of Migrant Influx Strains Denver
  + stars: | 2024-02-12 | by ( Miriam Jordan | ) www.nytimes.com   time to read: +1 min
In his first six months in office last summer, the mayor of Denver, Mike Johnston, managed to get more than 1,200 homeless people off the streets and into housing. That seemed like a fitting feat for a city that prides itself on its compassion. And the city has begun to feel the same sort of strains that have confronted New York and Chicago as they contended with their own migrant influxes. Denver, the state capital and the center of a sprawling metropolitan area of more than 3 million people, has spent more than $42 million on the migrants. If expenditures continue at the current pace of $3.5 million a week, the crisis could cost the city about $180 million in 2024, or 10 percent or more of its annual budget.
Persons: Mike Johnston, Greg Abbott of Organizations: Gov Locations: Denver, Greg Abbott of Texas, New York, Chicago, . Denver
Americans are eating less pork than they are beef and chicken, researchers say. Demand for pork in United States is down 9% from 20 years ago. Pork supply, meanwhile, is up 25% at the same time, leaving producers scrambling. Demand for pork in the United States is down 9% from 20 years ago, researchers from Kansas State University estimate, according to The Wall Street Journal. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Kansas State University, Wall Street, National Pork Board, Business Locations: United States
“The Russian government must have the data of how many foreign fighters have joined the Russian army and how many Nepalis are fighting for Russia,” she said. The Russian foreign ministry has not responded to CNN’s questions about the number of Nepalis recruited by the Russian army and how many of them have died so far. She thought her husband, Shukra Tamang – a retired Nepali army soldier fighting for Russia – was the person calling. A photo shows Shukra Tamang, a retired Nepali army soldier, training in Russia. Bonuses paidNepali men who want to join the Russian army first travel to Russia on a tourist visa.
Persons: Nepal CNN — Ramchandra Khadka, Khadka, , ” Khadka, Ramchandra Khadka, , Bimala Rai Paudyal, Nepalis, Kritu Bhandari, Russia haven’t, Bhandari, , Januka Sunar’s, hasn’t, Sunar, , Januka Sunar, it’ll, Tamang, Shukra Tamang, Shukra, , Russia –, Shishir Bishwokarma, Avangard, Suman Tamang, ” Tamang, “ It’s, It’s, Binoj Basnyat, Ram Sharma, Sharma, ” Sharma, Saud, Nepalis haven’t, Bhupendra Bahadur Khatri, hadn’t, ” Khatri, Basnyat Organizations: Nepal CNN, Russia, Ukraine, CNN, Russian, Henley & Partners, Bank, Communist Party of Nepal, Maoist, CNN CNN, YouTube, AK, Moscow Oblast, Avangard, United Arab, Agents, Moscow, CNN Kathmandu, World Bank Locations: Kathmandu, Nepal, Ukraine, Afghanistan, Russia, Russian, Moscow, Bakhmut –, Bakhmut, North Korea, Januka, Nepali, Avangard, Indian, United Arab Emirates, India, Dubai, UAE
Caldwell, Idaho CNN —Jen and John Adkins never expected to have to send a package like this. Idaho’s abortion laws meant they had to seek care across state lines after receiving devastating news about a much-wanted pregnancy. “As soon as that ultrasound technician put that wand on my stomach and I saw the baby on the screen, I knew something was wrong,” Jen told CNN. “I was sent home to grieve and mourn and call around to see if we could get an appointment out of state,” Jen said. The move, he said, was for personal reasons: “Boise is a wonderful place in general,” he told CNN via email.
Persons: Idaho CNN — Jen, John Adkins, Jen, John, Julie Lyons, who’s, , ” Lyons, Jennifer, Jennifer Adkins, they’d, ” Jen, , , Turner, , ’ ” Jen, Jennifer Adkins ‘, Roe, Wade, wasn’t, that’s, ” John, Jen Adkins, Barton Bishoff, ’ It’s, Lyons, Raul Labrador, Dr, Thomas Lee, Lee, , he’d “, Sanjay Gupta Organizations: Idaho CNN, FedEx, CNN, Research, US, Walgreens, Bureau of Labor Statistics, Center for Reproductive Rights, Defense, CNN Health Locations: Caldwell, Idaho, Caldwell , Idaho, Boise, Portland , Oregon, Hailey, Sun Valley, Portland, St, Luke’s, Oregon
Increasingly, voters are demanding that the men vying to succeed him address the tradeoffs between fast growth and a healthy environment in the world's fourth most populated country. In recent years, surging commodity prices have fueled fast economic growth and helped Indonesia become a middle-income country. That growth is expected to slow as the boom loses steam, according to a World Bank report. “That means, if the government forces its development, it will involve inefficient and unproductive allocation of resources.”Another campaign issue: food estate programs, massive plantations the government set up to fortify national food security. INDONESIA’S ENERGY TRANSITIONIn 2021, coal-rich Indonesia was the world’s ninth-largest source of carbon emissions that are causing global warming, according to a report by the International Energy Agency.
Persons: , Joko Widodo, It's, Joko Widodo —, Prabowo Subianto, Josua Pardede, , Arianto Patunru, Baswedan, Bhima Yudhistira Adhinegara, El Organizations: Permata Bank, EV, Australian National University, of Economic, Law Studies, International Energy Agency, World Bank, Youth, Bank, El Nino, AP Locations: JAKARTA, Indonesia, Jakarta, Nusantara, Borneo, Anies, Central Java, Widodo, Washington, Kalimantan
Jeff Landry on Thursday officially called for a highly anticipated crime-focused special legislative session that could overhaul the state's current criminal justice system, reversing hard-fought and historic reforms that happened under Landry's Democratic predecessor. I am eager to enact real change that makes Louisiana a safer state for all," Landry said in a statement. The special session is scheduled to begin Feb. 19 and must conclude by the evening of March 6. Landry, who served as the state's attorney general for eight years until he became governor, has repeatedly slammed Louisiana’s 2017 criminal justice overhaul. This will be Louisiana's second special session since Landry took office last month.
Persons: Jeff Landry, , " Landry, Republican Landry, Landry Organizations: , — Louisiana Gov, Democratic, Republican, Louisiana, Representatives, Federal Bureau of Investigation, GOP Locations: BATON ROUGE, La, — Louisiana, Louisiana, New Orleans, Black
Hamas killed more than 1,200 people and kidnapped about 250 more, mostly civilians, in the attack. Photos You Should See View All 45 Images“Nothing in my article was written to instigate any sort of hate,” Stalinsky said. “This is a moment for counterterrorism officials to be concerned.”The Wall Street Journal did not immediately respond Sunday to requests for comment left by The Associated Press via email and voicemail. An email sent to a Dearborn spokeswoman also was not immediately returned Sunday. “That’s exactly what can lead to Islamophobia and anti-Arab hate, and it shouldn’t happen to the residents of Dearborn – or any American town.”
Persons: , Abdullah Hammoud, ” Hammoud, , ” Steven Stalinsky, ” Stalinsky, Joe Biden, Organizations: ” Dearborn, Middle East Media Research Institute, Street, Associated Press, Hamas, Health Ministry, The Associated Press Locations: Mich, — Dearborn , Michigan, , Dearborn, Jihad, Michigan, Israel, Gaza
Planning a wedding is a lot of pressure, but a new study attempts to cut through the noise. Personal finance company WalletHub published a study last week titled "Best Places to Get Married in 2024." The study analyzed 182 American cities for costs, facilities and services, and activities and attractions. WalletHub examined those three categories using 26 specific metrics, including the price of a three-star hotel room and bridal shops per capita. "Getting married in a city that minimizes cost while maximizing options is ideal."
Persons: WalletHub, Cassandra Hope
This time around, he believes at least one thing is different: Biden can’t win through voters’ fear of Trump alone. Here in Michigan, which the president visited Thursday, rests one of the biggest tests of his campaign. Trump narrowly carried the state over Hillary Clinton in 2016 – by 10,704 votes – and four years later Biden defeated Trump by about 154,000 votes. Pro-Palestinian demonstrators gather in Warren, Michigan, on February 1, 2024, outside the venue where President Joe Biden was speaking. But, he said, the burden was on Biden and his campaign to spell out what he would do in a second term.
Persons: Charles Williams, Joe Biden, Donald Trump, Biden, Trump, , Williams, , ” Williams, Jay, , Hillary Clinton, “ He’s, Adam Abusalah, Abusalah, ” Abusalah, Biden ”, Jeff Kowalsky, Karine Jean, Pierre, Kevin Munoz, Sens, Kamala Harris, Cory Booker, Gretchen Whitmer, ” Biden, wouldn’t, Emani Williams, “ ’ Sleepy Biden ’, they’ve, ” Dante Parker, ” Parker, “ We’ve, Norman Clement, We’re, ” Clement, Biden hasn’t, Clement, “ I’m, didn’t Organizations: Detroit CNN —, Biden can’t, Historic King Solomon Baptist Church, Biden, White, Trump, Arab, Muslim, , Palestinian, Getty, , CNN, Democratic, Michigan Gov, Renaissance High School, Detroit Change Locations: Detroit, Michigan, , Wisconsin, Pennsylvania, America’s Great, Dearborn, Israel, Warren, Macomb County, United States, Warren , Michigan, AFP, Gaza
AdvertisementThey decided to buy a home in the Fort Lauderdale area, and by that August, they'd said goodbye to Toronto. Warm weather, more affordable housing , and the lack of a state income tax are among the perks drawing movers to Florida. AdvertisementFlorida has warm weather, cheaper housing, and is good for businessFreudman said the weather is the biggest edge Florida has over Canada. The typical Toronto home costs about $816,000 compared to $784,000 in Fort Lauderdale, and it's even cheaper in Wilton Manors, the Fort Lauderdale "suburb" where the couple technically resides. He said other pros of the Fort Lauderdale area include the fresh seafood, the safe community, and the accessibility to Miami.
Persons: , Joel Freudman, Freudman, they'd, Eva don't, he's, Donald Trump Organizations: Service, Sunshine State, Business, Sunshine, Economic, Fort Locations: Florida, Toronto, Fort Lauderdale, Canada, South Florida, Wilton Manors, Miami
The U.S. population is getting older and per capita health care spending has been rising — other than the pandemic blip — very steadily for half a century. We'll detail a simple trade on a resilient health care industry stock that stands to benefit from that long-term trend. Becton Dickinson (BDX) has a large array of healthcare products and consequently doesn't exhibit the volatility that some other health care companies have like biotech. Unsurprisingly, when we look at the health care sector, we also see consistent long-term growth. The Health Care Select Sector Index (IXV) includes more than 60 companies in pharmaceuticals, biotech, equipment, managed care, service providers and distribution.
Persons: Becton Dickinson Organizations: Moderna Inc
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