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☆ The pound just plunged to an all-time low against the dollar. Here's why the promise of tax cuts tanked the British currency.
▼ + stars: | 2022-09-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

It plunged on fears impending tax cuts will worsen inflation and prompt faster interest-rate hikes. The UK economy is already battling slower growth and a cost-of-living crisis. On Sunday, Kwarteng hinted there could be even more tax cuts coming. His tax cut plan is aimed at boosting the ailing UK economy and reducing the risk of a severe recession. Some investors don't believe the impending tax cuts will be fully-funded, meaning the UK government's debt pile will grow.

☆ I visited Aldi and Lidl's stores and spotted the strategies they use to save shoppers money, from mimicking big-name brands to selling products straight out of crates
▼ + stars: | 2022-09-25 | by ( Grace Dean | ) www.businessinsider.com time to read: 1 min

While Aldi and Lidl both sell some big-name brands, they mainly sell own-label products. Some of their products appear to be based closely on popular brands, and in many cases were displayed right next to them but sold for much lower prices. Younger shoppers are increasingly brand-agnostic, and inflation is pushing more customers to trade down. Coffee sachets made by Nescafé that cost £1.69 ($1.96) were next to Aldi's own-label equivalent Alcafé that cost £0.95 ($0.98). Their boxes look very similar at first glance, and the shelf labels described them both as "frothy coffee sachets."

☆ How Bryan Lourd became one of the most powerful people in the history of Hollywood
▼ + stars: | 2022-09-25 | by ( Alex Sherman | ) www.cnbc.com time to read: +18 min

Lourd, 61, isn't a household name, but he wields a stunning amount of influence in Hollywood. Lourd's Hollywood clients aren't just A-listers, they're A+-listers: Brad Pitt. An old-fashioned talent agent who loves discussing old movies and doesn't mind pointing out the flaws in his own clients' work, Lourd has become arguably the most powerful person in Hollywood. "He's one of the most powerful people in the history of Hollywood," said Netflix co-CEO Ted Sarandos. But Lourd's clients are such bankable stars that it's equally important for Hollywood executives to be friendly with him as it is beneficial for Lourd and CAA.

☆ 'Everything's gotten frothy': The CIO of a private credit investment firm says that despite a possible housing correction, data suggests that the market is on stable footing
▼ + stars: | 2022-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

In September, mortgage rates reached peaks not seen in the last 15 to 20 years. But Sean Bill, the chief investment officer at Prime Meridian Capital Management, says that recent mortgage and sales data suggests that the housing market is still going strong. But I'd say we have a relatively contrarian view that we are not super beared up on the housing market." From his perspective, housing supply will remain tight, regardless of a drop in demand. The chart below demonstrates historically low mortgage rates on outstanding debt since 1979.

☆ What happens to your body in Mount Everest's 'death zone'
▼ + stars: | 2019-05-28 | by ( Aylin Woodward | Ashley Collman | ) www.businessinsider.com time to read: +9 min

Climbers who ascend higher than 26,000 feet on Mount Everest enter the "death zone." In the death zone, climbers' brains and lungs are starved for oxygen, their risk of heart attack and stroke is increased, and their judgment quickly becomes impaired. In 2019, at least 11 people died on Everest, almost all of whom spent time in the death zone. These extra, unplanned hours in the death zone might have put the 11 people who perished at higher risk, though it's hard to determine the specific causes of each death. Temperatures in the death zone never rise above zero degrees Fahrenheit.

☆ International desserts: 50 famous desserts around the world
▼ + stars: | 2018-11-30 | by ( Jen Rose Smith | ) edition.cnn.com time to read: +41 min

Taste that rich filling for evidence of the Arab influence that infuses Sicilian cuisine: The candied citrus that often flavors the creamy interior remains beloved throughout the Middle East. In the 1990s, the cake became a menu star as a lava cake or molten chocolate cake. A soft, flaky dough is shaped into a plump half-moon that barely contains the sweet filling, then topped with a light blanket of powdered sugar. Variations on medovik differ widely, but the most popular takes incorporate one of two very Russian ingredients into the sweet filling. Sesame Balls, Jian Dui, ChinaShutterstockBite into the crisp shell of a deep-fried jian dui to discover a sweet filling within the golden, sesame-seed-studded exterior.

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