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The world-first climate "loss and damage" fund is set to be launched during the United Nations COP28 climate summit to be held Nov. 30-Dec. 12 in Dubai in the United Arab Emirates. "The Commissioner is ready to announce substantial financial contribution by the EU and its member states to the loss & damage fund at COP28 in the context of an ambitious outcome at COP28," the European Commission and the UAE's incoming COP28 president said in a joint statement, referring to EU Climate Commissioner Wopke Hoekstra. Adnan Amin, CEO of the COP28 summit, said the aim was to secure several hundred million U.S. dollars for it by the end of the event. He said he was "hopeful" that the COP28 host, the UAE, would also make a contribution. Countries agreed at last year's U.N. climate talks to launch the climate damage fund, a deal hailed as a breakthrough by more vulnerable, developing nations that have long demanded support to cope with climate-driven damage from drought, floods and rising seas.

Persons: Stephanie Lecocq, Wopke Hoekstra, Adnan Amin, Amin, John Kerry, Washington, Kate Abnett, Bart Meijer, Gareth Jones, Mark Heinrich Our Organizations: Environmental, Republique, New Global Financial, REUTERS, Rights, European Union, United, EU, European Commission, Finance, Reuters, Bloomberg, Economy, Thomson Locations: Paris, France, Rights BRUSSELS, United Nations, Dubai, United Arab Emirates, COP28, EU, UAE, Singapore

☆ The West could live with a frozen Ukraine conflict
▼ + stars: | 2023-11-13 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Ukraine may be heading for a similarly frozen conflict with Russia. So a frozen conflict would help the West achieve – at least partly – its key geostrategic aim: to show hostile powers that it doesn’t pay to invade one of its friends. In a frozen conflict, Ukraine would still need to invest heavily in massive fortifications, anti-missile defence systems and technology to deter Russian attacks. ECONOMIC WARIn a frozen conflict, sanctions against Russia would probably remain more or less in place. REBUILDING UKRAINEIt will be harder to rebuild Ukraine’s infrastructure in a frozen conflict than if there was peace.

Persons: Nuzhnenko, Vladimir Putin, Putin, Valery Zaluzhny, Volodymyr Zelenskiy’s, Joe Biden, Donald Trump, Tim Ash, Peter Thal Larsen, Thomas Shum Organizations: Ukraine's National Guard Omega, Radio Free, Radio Liberty, REUTERS Acquire, Reuters, Moscow, Hamas, U.S, EU, International Monetary Fund, Kremlin, Investors, BlueBay Asset Management, Soviet, Cyprus, European Commission, West, Thomson Locations: Avdiivka, Ukraine, Donetsk region, Radio Free Europe, Korea, Cyprus, Russia, Kyiv, –, Israel, United States, Moscow, North Korea, Iran, Russian, UKRAINE, West Germany, Soviet Union

☆ Atlanta is the No. 1 U.S. city for single people, new study says
▼ + stars: | 2023-11-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

1 U.S. city for singles: AtlantaAtlanta, Georgia, topped the list as the best city for singles. According to the report, over 57% of Atlanta's population is single and the city ranked in the top five in the entertainment and restaurant categories. Atlanta is the best U.S. city for singles, according to Zumper. Madison, Wis. Washington, D.C. Orlando, Fla. Salt Lake City, UT Richmond, VA Pittsburgh, PA St. Louis is the second-best city for singles. 3 best city for singles.

Persons: Zumper, Sean Pavone, Hartsfield –, Louis, Wager, Saint Organizations: Atlanta, Istock, . Census Bureau, Hartsfield, Hartsfield – Jackson Atlanta International Airport, GA St, MN, UT, Anheuser, Busch, Emerson Electric, Saint Louis Locations: United States, U.S, Atlanta Atlanta , Georgia, Atlanta, Louis , MO Minneapolis, MN Boston, Mass, Madison, Wis . Washington ,, Orlando, Fla, Salt Lake City, UT Richmond, VA Pittsburgh, PA, St, New York, Minneapolis , Minnesota, Minneapolis

☆ 20 US cities where home prices are expected to take off due to affordability and tax advantages — plus where mortgage rates could be by the end of 2024, according to a property-data firm
▼ + stars: | 2023-11-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Contagion from spiking yields quickly trickled into real estate, lifting the average 30-year fixed mortgage rate above 8%. "Even before mortgage rates went up to 8%, we saw significant slowing in home sales activity, and some recent reports pointed to a 12-to-13-year low." But where mortgage rates will be depends on the fed funds rate. Following this trend, CoreLogic indicators forecast that mortgage rates could be at about 6.3% by year-end. Forecasts are based on multiple metrics including home prices, the unemployment rate, real disposable income per capita, and population growth.

Persons: Selma Hepp, Hepp Organizations: Reserve Locations: California

That prompted an outcry, leading the Israeli military to overhaul the system. But elite reservists are deployed in Gaza, some in units that include professional soldiers. On Monday, Israeli news media reported that an air force reservist was fired for criticizing Mr. Netanyahu in a private WhatsApp group. “Political comments while serving in uniform is against the rules,” an Israeli military spokesman said. Gen. Ari Singer, a former chief reserves officer of the Israeli military.

Persons: Benjamin Netanyahu, Israel, ‘, don’t, ’, Erez, “, Mr, Netanyahu, ”, Yagil Levy, ” Sergeant Schnider, Ari Singer, Manuel Trajtenberg Organizations: West Bank, Mr, Military, Open University of Israel, Tel, Tel Aviv University’s Institute for National Security Studies Locations: Lebanon, Lebanese, Gaza, Brig, Tel Aviv

Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.

Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, ”, Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s

☆ Urban golf courses are making housing more expensive and parks harder to access — and taxpayers are footing the bill
▼ + stars: | 2023-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Many states subsidize golf courses with low property taxes, so non-golfers are footing the bill. David Madison/Getty ImagesUrban golf courses also cost taxpayers — even those who don't play — a lot of money. Proponents of retrofitting courses note that reducing the number of golf courses would help boost revenue for courses that do survive. "But then on the flip side, we have these public golf courses that are just these almost vacuous spaces that are quite underutilized." He noted that projects that just involve turning golf courses into parks are often most palatable to neighbors.

Persons: —, they'd, Franciscans who'd, Zach Klein, VDERHLrowD, David Madison, it's, Malcolm Gladwell, Scottie Scheffler, Richard Heathcote, Mitchell Reardon, htpq6Uqx8q — Cork Gaines, Ray Delahanty, Jennifer Keesmaat, Keesmaat, Don, RENE JOHNSTON, Charlie McCabe, he's, Former California Assemblymember Cristina Garcia, McCabe, Reardon Organizations: Urban, Service, Franciscans, Olympic, Getty, Los Angeles Country Club, United, 123rd U.S, YouTube, Center, City, Trust, Public, Denver, Council, Democrat Locations: Presidio, U.S, San Francisco , California, California, San Francisco's, Golden, Beverly Hills, United States, Los Angeles , California, Cities, Florida, Toronto, haven't, Don Valley, Toronto , Ontario, New Orleans, Former California, Los Angeles County

☆ Canned tuna is a $40 billion industry. But it's facing some existential threats
▼ + stars: | 2023-11-03 | by ( Darren Geeter | ) www.cnbc.com time to read: +1 min

Valued at an estimated $40 billion, the tuna industry is a significant player in the global food sector. The industry is dominated by multinational companies such as Thai Union Group , the owner of Chicken of the Sea, and it faces some challenges. However, Thai Union is now confronting rising costs due to inflation and the war between Russia and Ukraine. What's more, the company faces existential threats to the industry including sustainability, climate change and illegal fishing. Watch the video above to learn more about the $40 billion tuna industry.

Organizations: National Oceanic, Administration, Thai Union Group, Thai Union Locations: U.S, Thai Union, Russia, Ukraine

☆ Starbucks CEO targets growth in China after years of slowdowns from Covid restrictions
▼ + stars: | 2023-11-02 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Starbucks CEO Laxman Narasimhan spoke with CNBC's Jim Cramer on Thursday after the coffee giant reported earnings for its fourth quarter that beat Wall Street expectations. Narasimhan discussed the company's plans to expand its stores in China, its second-largest market. The company saw headwinds in China over the past few years, with business stalled due to the country's prolonged zero-Covid policy. This quarter saw China's same-store sales grow 5% and customer traffic increase 8%, although the average ticket declined 3%. After 24 years of business in China, Narasimhan said per capita coffee consumption lies at 12 cups per person.

Persons: Laxman Narasimhan, CNBC's Jim Cramer, Narasimhan, We've Organizations: Starbucks, LSEG Locations: China, U.S, Japan, Shanghai

☆ UN warns of enormous gap in financing for climate adaptation
▼ + stars: | 2023-11-02 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

That’s a more than 50% larger gap than UNEP had estimated in its 2022 report. Esam Omran Al-Fetori/ReutersThe issue — as well as who should pay for the loss and damage created by the climate crisis — is expected to be a key sticking point in climate negotiations at the COP28 talks in Dubai this December. A recent study showed that 55 of the world’s most vulnerable economies have already experienced losses and damages of more than $500 billion in the last two decades from the climate crisis. “If we don’t fund adaptation, we then get ourselves into a situation where we can no longer adapt,” Hinwood said. And for every $16 billion invested in agriculture each year, 78 million people could be alleviated from climate crisis related starvation or chronic hunger.

Persons: Andrea Hinwood, “, Esam Omran, ” Hinwood Organizations: CNN, UN, United Nations Environment, UNEP, “ Locations: Paris, Derna, Libya, Dubai

☆ Israel Is in Crisis. These Authors See Reason for Hope.
▼ + stars: | 2023-11-01 | by ( Ethan Bronner | ) www.nytimes.com time to read: +2 min

The citizens’ faith in their political leader, a prime minister charged with bribery and fraud, was plummeting even before the attack. The answer: a mix of risk-taking newcomers and the culture of innovation fostered among young Israelis by their mandatory military service. “Israel has been exposed to constant trauma,” the authors write, and yet the country has some of the lowest rates of alcohol abuse, opioid death and suicide in the world. Israel’s citizens also consistently rank among the happiest on the planet. They have long lives and produce, far and away, the most children per family of any rich country.

Persons: Dan Senor, Saul Singer, Israel, Singer, Israel’s, “ Organizations: Jerusalem, “, Nasdaq Locations: United States, Britain, France, Japan, “ Israel, Canada

☆ Opinion | Older Americans Are Winning the Economic War of the Generations
▼ + stars: | 2023-10-27 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

If there is a war of the generations, we older Americans are winning it. As evidence, I present two remarkable charts, which are my versions of charts made by the Center on the Economics and Demography of Aging at the University of California, Berkeley. The charts show a big increase since 1960 in the consumption of goods and services by people over 60, with the biggest increase among people 75 and older. The charts show average consumption per individual, not total consumption by the (growing) cohort of the old. Rightly or wrongly, Congress is choosing spending on the old over spending on the young.

Persons: it’s, Melissa Kearney, Luke Pardue Organizations: Center, University of California, Social, Aspen Economic Locations: Berkeley, United States

JOURNEY STARTSIron-flow batteries were developed decades ago but have yet to be deployed as a grid-scale energy storage solution. ESI Managing Director Stuart Parry believes iron-flow batteries are an idea whose "time has come." Parry doesn't see iron-flow batteries replacing lithium-ion units, rather they are complementary with lithium batteries able to arbitrage power prices by acting rapidly, while iron-flow units are more likely to act as baseload firming for the grid when renewables tail off. Parry also says iron-flow batteries work out about a third cheaper than lithium ion units when looking at the cost on a MWh basis. On the surface, iron-flow batteries seem like a solid solution to how to run an electricity grid dominated by variable renewables.

Persons: Stuart Parry, Parry, Lincoln Organizations: Stanwell Corp, Energy Storage Industries Asia, Reuters, Thomson Locations: Greenough, Walkaway, Perth, Australia, LAUNCESTON, Queensland, Rockhampton

☆ IMF: Neighboring economies likely hit by Israel-Hamas war
▼ + stars: | 2023-10-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —The Israel-Hamas war is likely to hurt other economies in the Middle East, including Egypt, Lebanon and Jordan, International Monetary Fund (IMF) managing director Kristalina Georgieva said Wednesday. Tourism will likely take a hit, and the cost of insuring the movement of goods will go up. The IMF sees an “incredibly resilient world economy, but jittery and more so,” as a consequence of the war, Georgieva said. Her comments highlight that the economic fallout from the war is only likely to grow, even as financial markets remain relatively sanguine about the consequences for now. Make sure that you understand [higher] interest rates are here to stay for longer,” she said, pointing to the fact that inflation was not falling fast enough.

Persons: Kristalina Georgieva, CNN’s Richard Quest, Georgieva, “, ” Richard Kozul, Wright, ”, ” — Winston Lo Organizations: London CNN, International Monetary Fund, Future Investment Initiative, “, IMF, United Nations Conference, Trade, Development, West Bank, Gross, UNCTAD, Saudi Locations: Israel, Egypt, Lebanon, Jordan, “ Davos, Saudi Arabia, Tourism, Russia, Gaza, East Jerusalem, Ukraine

☆ Biden's Israel stance angers Arab, Muslim Americans; could jeopardize 2024 votes
▼ + stars: | 2023-10-24 | by ( Andrea Shalal | ) www.reuters.com time to read: +7 min

In hotly contested Michigan, Arab Americans account for 5% of the vote. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. Some Arab American and Muslim appointees are scared of backlash and reprisals and worried about family members in the region, said one White House official, who is Arab American. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.

Persons: Bonnie Cash, Joe Biden's, Biden, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Palestine, REUTERS, Rights, Muslim, Republican, Arab American Institute, Michigan, Trump, United Nations, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Gaza, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Gaza, Washington , U.S, Israel, Michigan, Pennsylvania, Ohio, Maryland, Canada, American, Dearborn , Michigan, U.S, Arab American Association of New York, Quaker Palestinian American, Arab American

☆ Biden's Israel stance angers Arab, Muslim-Americans; could jeopardize 2024 votes
▼ + stars: | 2023-10-24 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

[1/2] U.S. President Joe Biden has demonstrated unwavering support for Israel's security over a half century in public life. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. U.S. officials with family in the region are doubly stressed by the "ambassadorial" role they play as they field agitated messages from relatives and others angry at Biden's Israel strategy. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.

Persons: Joe Biden, Biden, Benjamin Netanyahu, Joe Biden's, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Israeli, Hamas, Muslim, Republican, Arab American Institute, Michigan, Trump, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Israel, Tel Aviv, WASHINGTON, Gaza, Michigan, Pennsylvania, Ohio, Maryland, Dearborn , Michigan, U.S, Arab American Association of New York, American, Arab American

☆ Minnesotans are the least stressed out people in America
▼ + stars: | 2023-10-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

From the rollercoaster housing market or to the rising costs of groceries, it seems like everyone has reason to be a little stressed out. Earlier this year, WalletHub ranked America's "most and least stressed" states. Mississippi ranked as the most stressed out state in the U.S. It had the highest rate of money-related stress. On the opposite end of the spectrum, are the least stressed states which include Utah, Connecticut and South Dakota.

Persons: WalletHub Organizations: U.S . Census Bureau, of Labor Statistics, for Disease Control, Mississippi, CNBC, South Dakota . Locations: U.S, Utah , Connecticut, South Dakota, South Dakota . Places, Hawaii, Florida

☆ Why Jordan and Egypt are saying 'no' to accepting Palestinian refugees from Gaza
▼ + stars: | 2023-10-21 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +8 min

Jordan and Egypt have said they won't take in Palestinian refugees from Gaza. AdvertisementAdvertisement"There will be no refugees in Jordan and no refugees in Egypt," said Jordanian King Abdullah II this week, declaring it a "red line" that would not be crossed. It is also the country that hosts the largest number of Palestinian refugees, according to Amnesty International. Not being seen as complicit in Palestinian displacement"Palestinians themselves, of course, are very wary about fleeing to Egypt, because 70% of the population of Gaza are refugees," said Doyle. Many of the Palestinians who live in Jordan, Egypt, and elsewhere in the region first arrived there after being displaced in 1948, or following the Six-Day War in 1967.

Persons: Jordan, —, Israel's retaliations, King Abdullah II, Foreign Affairs Sameh Shoukry, Hasan Al Momani, Al Momani, Chris Doyle, Doyle, there's, Lex Takkenberg, Mustafa Bakri, Abdel Fattah el, Sisi, Takkenberg Organizations: East, Service, Hamas, Israel Defense Forces, Egypt's, Foreign Affairs, University of Jordan, West Bank, United Nations, Refugees, Amnesty, Council, Arab, UN, Democracy and, Saudi, Al, Al Arabiya TV, of America News, ISIS Locations: Egypt, Gaza, Israel, Jordan, Gaza City, Rafah, British, United States, Sinai, Al Arabiya, Sisi, Cairo

☆ China’s leaders speed towards Japanisation
▼ + stars: | 2023-10-20 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

LONDON, Oct 20 (Reuters Breakingviews) - China’s real estate market is in decline. The trouble is that China’s economic imbalances are far worse than Japan’s in 1990. Yet China’s GDP per capita has reached only half of Japan’s level in 1990. China’s economic misdirection is catalogued in Yasheng Huang’s “The Rise and Fall of the East”. After 1978 the authorities gave provincial governments substantial freedom to promote economic growth and rewarded them for meeting a growth target.

Persons: Xi, Xi Jinping, Huang, –, Xi’s, Beijing’s, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, Monetary Fund, South, Asian, IMF, Reuters Graphics Reuters, Bank for International, MIT Sloan School of Management, HK, Communist, Huawei, Washington, Thomson Locations: Marrakech, People’s Republic, China, South Korea, Japan, deflate, Tokyo, California, Beijing, Taiwan, Communist

Renewables (and gas) have been substitutes for fossil fuels such as coal and oil enabling a significant reduction in greenhouse emissions. Renewables (and gas) have served as complements to other fossil fuels – ensuring energy remains affordable and reliable even as consumption increases significantly. EMISSIONS PEAK BUT NOT SOONEventually, China and India’s energy consumption will start to grow more slowly, at which point renewables will substitute for fossil fuels rather than just complement them. Even so, in 2022, fossil fuels accounted for 82% of primary energy consumption in China and 88% in India, including 70% of total electricity generation in China and 77% in India. Policymakers from OECD countries use the U.N. conference process and other diplomatic forums to press China and India to speed up their transition from fossil fuels to zero-emission alternatives.

Persons: Tingshu Wang, Barack Obama, John Kemp, Jonathan Oatis Organizations: Huawei, REUTERS, Organisation for Economic Cooperation, Development, OECD, Renewables, United Nations Population Division, ³, World Energy, Energy Institute, BP, Thomson, Reuters Locations: Shenmu, Yulin city, Shaanxi, China, India, North America, Europe, Chartbook, United States, Western Europe, U.S, Portugal, Switzerland

☆ Argentina braces for election with economy in 'intensive care'
▼ + stars: | 2023-10-19 | by ( Eliana Raszewski | ) www.reuters.com time to read: +5 min

"It is an economy that is in intensive care," Miguel Kiguel, a former undersecretary of finance at the Economy Ministry in the 1990s, told Reuters. "The main challenge is to get Argentina out of stagnation, but to do that you have to lower inflation." J.P. Morgan has estimated inflation will end 2023 at 210%, while a central bank poll of analysts forecast 180%. In a bid to tamp down inflation Argentina's central bank has hiked the benchmark interest rate to 133%, which encourages saving in pesos, but hurts access to credit and economic growth. Milei wants to ditch the peso completely and dollarize the economy, while Bullrich says she favors a dual peso-dollar system.

Persons: Javier Milei, Sergio Massa, Patricia Bullrich, Miguel Kiguel, J.P, Morgan, Fernando Morra, Bullrich, Eliana Raszewski, Adam Jourdan, Daniel Wallis Organizations: Argentine, Buenos Aires, Argentina, Economy Ministry, Reuters, Reuters Graphics Reuters, Coldplay, Reuters Graphics, CENTRAL, International Monetary Fund, Thomson Locations: Buenos Aires, BUENOS AIRES, Argentina, China, Brazil

☆ 'Killers of the Flower Moon' review: Martin Scorsese, Leonardo DiCaprio and Robert De Niro team up on a movie that wants to be epic but just feels long
▼ + stars: | 2023-10-19 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —There’s a difference between “long” and “epic,” although in movie terms the two frequently get confused. Martin Scorsese delivers the former but not the latter with “Killers of the Flower Moon,” his second consecutive three-and-a-half-hour movie derived from a true story and underwritten by a prestige-hungry streaming service. Notably, “Killers of the Flower Moon” will receive a wide big-screen launch that includes playing on hundreds of Imax screens. Either way, Scorsese has served up a movie that also plunges into a dark history and comes away with less bang for its bucks. “Killers of the Flower Moon” premieres October 20 in US theaters and will later play on Apple TV+.

Persons: CNN —, Martin Scorsese, ”, Scorsese, Robert De Niro, Leonardo DiCaprio, Lily Gladstone, Mollie Kyle, Ernest, Bill Hale, De Niro, DiCaprio’s Ernest Burkhart, Mollie, Eric Roth, David Grann’s, Jesse Plemons, “ Oppenheimer, “ Oppenheimer ” Organizations: CNN, Apple, Netflix, Osage, Osage Nation, FBI Locations: Oklahoma, Osage, Tulsa

☆ Which U.S. Cities Are the Safest?
▼ + stars: | 2023-10-19 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

To find the most and least safe places in the United States, a new study by WalletHub scored 182 cities (including at least two of the largest in each state) across three categories of metrics. The “home and community safety” category examined crime statistics, police and rescue workers per capita, traffic and pedestrian safety, among other data. “Financial safety” scored each city on employment, job security, credit ratings, savings rates and the like. For natural disasters, the capital city of Dover, Del. Two cities in “Tornado Alley,” Oklahoma City and Wichita, Kan., had the highest risks for natural disasters, followed by six cities in California.

Persons: WalletHub, ” Organizations: Memphis, “, Oklahoma City, Wichita Locations: United States, Irvine, Calif, Louis, Detroit, Birmingham, Ala, , Kansas City, Mo, Dover, Del, —, Wichita, Kan, California

☆ Poverty is rising faster in American suburbs as lower-income people are pushed out of big cities
▼ + stars: | 2023-10-19 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

The rate of suburban poverty rose three times faster than urban poverty between 2019 and 2022. The skyrocketing cost of housing in major cities is one factor pushing lower-income people out of cities. But the pandemic has accelerated the trend of suburban poverty rising at a faster rate than urban poverty, according to new US Census data. While the rate of poverty is rising faster in suburbs than in cities overall, cities still have a higher per capita poverty rate on average. In 2022, 9.6% of suburban dwellers lived in poverty, while 16.2% of residents of major cities were poor, Brookings noted.

Persons: —, Louis, Saint Paul, Brookings Organizations: Service, American, Survey, Brookings Institution, Brookings Locations: South, West, Midwest, Suburban, Washington, DC, Houston, San Francisco, Ogden , Utah, St, Minneapolis, Saint

☆ Nashua, New Hampshire is the safest city in America, new study says—here's the full top 10 list
▼ + stars: | 2023-10-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

In October, WalletHub released its annual ranking of the safest cities in the United States. Nashua, New Hampshire is the safest city in AmericaNashua ranked as the No. Nashua, New Hampshire ranked as the safesty city in the U.S., according to WalletHub. Columbia, Maryland, is in Howard County, which has seen a decline in violent and property crimes since 2018. Columbia, Maryland ranked as the second safest city in the U.S., according to WalletHub.

Persons: WalletHub, Ariz Organizations: U.S . Census Bureau, of Labor Statistics, FBI, America Nashua, Nashua , New Hampshire, Gilbert, U.S, The, Maryland ., Columbia, Istock, Getty Locations: U.S, United States, Nashua , New Hampshire, America, Hillsborough County , New Hampshire, Nashua, America . Nashua, Massachusetts, Boston, Concord , New Hampshire, Nashua , New, America Nashua, N.H . Columbia, Md, South Burlington , Vt, Warwick, R.I . Portland , Maine Casper, Wyo, Yonkers, N.Y, Burlington , Vt, Scottsdale, Ariz, Columbia , Maryland, The Maryland, Baltimore, Columbia, Maryland, Maryland . Columbia , Maryland, Howard County

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