Category: Bloomberg
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20231124
No, Really. Building More Housing Can Combat Rising Rents But a review of recent research into the link between new housing production and apartment affordability offers new evidence that the rules of supply and demand do apply to housing: Building more can slow rent growth in cities and free up more affordable vacant units in…
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20231122
The Rise of the Solopreneur: Reinvention Is the Key to Career Longevity We often get stuck in a mindset that what we trained for, or ended up in, defines us. But first, let’s talk about career identity. Are you “in finance” or “in HR” or “in marketing?” We often get stuck in a mindset that…
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20231120
Accenture Tech Boss Says AI Will Impact 40% of Working Hours Accenture Plc’s European technology lead said generative AI could eventually “free up” about 40% of working hours across industries, allowing workers to focus on other tasks. Speaking at a Workday conference in Barcelona, Accenture’s Jan Willem Van Den Bremen said the rise of the…
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20231116
Young and Rich: China’s New Rich List That $120 billion is just the tip of the iceberg. China’s wealth boom started more than four decades ago when the country began embracing private businesses. Over that period, the founders of some of China’s biggest companies have collectively built up $1 trillion of wealth. Now, as the…
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20231114
How Wall Street Makes Millions Selling Car Loans Customers Can’t Repay Packaging loans and reselling them as asset-backed bonds—a process known as securitization—has great appeal on Wall Street. Investment firms such as Capital Group and Bank of New York Mellon Corp. snapped up the securities in Drive 2019-3 because their yields beat Treasuries. Car loans…
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20231113
London Is Cutting Off Poorer Graduates From Best Jobs, IFS Says More than four in 10 university graduates living outside London are doing jobs that do not require a degree, according to new research that lays bare a growing divide in the economic geography of the UK. The analysis by the Institute for Fiscal Studies…
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20231109
US Economy Scores Low on New Index Measuring Nation’s Well-Being The index, a project of the American Academy of Arts & Sciences, seeks to go beyond traditional economic indicators to assess how households are really doing and their outlook in life. The new dashboard includes 11 gauges of health, wage growth, education and civic participation,…
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20231107
WeWork Goes Bankrupt, Signs Pact With Creditors to Cut Debt Former high-flying startup WeWork Inc. filed for bankruptcy listing nearly $19 billion dollar of debts, a fresh low for the co-working company that struggled to recover from the pandemic. The New York-based company said it had struck a restructuring agreement with creditors representing roughly 92%…
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20231106
Who’s Ready for a Trump-Biden Rematch? Anyone? Hello? Call it the election no one wants. With a year to go until Election Day, a record share of Americans hold unfavorable opinions of both major parties and take a dim view of the front-runners. Most voters say they don’t want Joe Biden to be president. Or…
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20231105
Americans Are Walking 36% Less Since Covid Metro areas in the Midwest saw the largest decline, with Akron, Ohio, and Louisville, Kentucky, topping the list. From 2019 to 2022, both saw nearly 50% declines in average daily walking trips, which include any outdoor travel on foot totaling at least 250 meters, or 820 feet. Each…
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