For decades, buying property was considered a safe investment in China. Now, instead of building a foundation of wealth for the country’s middle class, real estate has become a source of discontent and anger. In more than 100 cities across China, hundreds of thousands of Chinese homeowners are banding together and refusing to repay loans …
Real Estate Crisis Is at the Heart of China’s Economic Troubles Read More »
While the internet has made it easier to plan a trip yourself — and see how much you’re saving — it also demands you slog through hundreds of pages of destination research, hotel and home rental options, and myriad flight-routing alternatives, becoming an amateur travel agent along the way. But this summer, a few travel …
At Last, Online Travel Planning Is Becoming (a Little) Easier Read More »
WASHINGTON — President Biden signed into law a landmark tax, health and energy bill on Tuesday that takes significant steps toward fulfilling his goal to modernize the American economy and reduce its dependence on fossil fuels. The vast legislation will lower prescription drug costs for seniors on Medicare, extend federal subsidies for health insurance and …
Biden Signs Climate, Health Bill Into Law as Other Economic Goals Remain Read More »
The Biden administration on Monday ruled out releasing $3.5 billion in funds held in the United States back to Afghanistan’s central bank anytime soon, citing the discovery that Al Qaeda’s leader had taken refuge in the heart of Kabul apparently with the protection of the Taliban government. The position on the funds was outlined on …
US Will Not Release $3.5 Billion in Frozen Afghan Funds for Now, Citing Terror Fears Read More »
Dan Loeb takes on Mickey’s minders, again Third Point, the hedge fund led by Dan Loeb, has bought a new stake in the entertainment giant Disney worth about $1 billion, and is pushing for the company to make changes including spinning off ESPN, taking full control of the streaming service Hulu early and installing new …
Worried about higher temperatures, more frequent and intense rainfall and rising seas that are nibbling away at New York’s coastal edges, the City Council enacted Local Law 97 in 2019 as part of a pioneering package aimed at reducing the greenhouse gas emissions that are causing climate climate change. The law zeros in on large …
New York Developers Rush to Reduce Emissions as Hefty Fines Loom Read More »
The federal government is doling out billions of dollars to encourage people to buy electric vehicles. Automakers are building new factories and scouring the world for raw materials. And so many people want them that the waiting lists for battery-powered cars are months long. The electric vehicle revolution is nearly here, but its arrival is …
A Frustrating Hassle Holding Electric Cars Back: Broken Chargers Read More »
When the Nesh Patel first moved to New York City three years ago, picking up groceries and a few bottles of wine from the Trader Joe’s in Union Square was a ritual. A deal at the time allowed shoppers to mix and match six bottles and get a discount from the total price. “That was …
Trader Joe’s Abruptly Closes Its Only New York Wine Store Read More »
As the union drive at Starbucks stores accelerates, Starbucks has ratcheted up its efforts to push back on the campaign, asking on Monday that the National Labor Relations Board investigates claims of misconduct during a union vote in the Kansas City area. Starbucks, in a letter to the labor board, asked that the agency investigates …
Starbucks Asks for a Suspension of Union Elections Read More »
It is an unusual arrangement for unusual times: Above a factory floor in Lviv, Ukraine, where Volodomyr Mysysk has relocated his furniture-making business, he and his 15 employees have become roommates. They have brought their children and their dogs, and share a kitchen above the machinery where they spend their days reviving a company that …
To Escape the War, Ukraine’s Factories Are Moving West Read More »
