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In the troubled world of the federal Liberal Party, the interest rate cuts made by the Bank of Canada this week are something to brag about.Shortly after the decision, the Liberal Party posted on X that the rate cut was evidence of a “strong economy,” while Finance Minister Chrystia Freeland posted that the bank’s action showed the government’s “economic plan is working.”These optimistic posts are misleading: banks feel they can cut interest rates not because the economy is strong, but because it is weak. (Incidentally, chronic government deficits make banks’ jobs harder, not easier.)The economy’s headroom is expanding, as evidenced…
But that story is now common knowledge, Zelman said in a recent interview, which is why he’s shifting his focus to a problem that many of his colleagues pretend not to see and that no one cares about.”We’re seeing headwinds from climate change,” Zelman told Business Insider in late July. “People are suffering from extreme heat, people are suffering from flooding, damage, lack of insurance. If things don’t get better, what’s going to happen in the long term? I think everybody’s in denial.””Nobody has a good answer” for steadily rising temperaturesClimate change is often treated as a politically sensitive issue,…
PM Images/Getty Images The price/free cash flow ratio indicates whether a company is ready to reward impatient shareholders. By Hyunsoo Lim and Segun Olakoyenikan, edited by William Baldwin You know Tesla is expensive: The stock is trading at 63 times its earnings over the past year, and did you know its cash flow multiple is even more insane, at 10 times its P/E ratio? The metric in question is stock price divided by free cash flow, which compares the market value of the common stock to the free cash a company generates. A low ratio suggests the company is undervalued.…
Kansas Lt. Gov. David Toland attends a Hays Chamber of Commerce luncheon on Friday. Photo by Christina Janney/Hays PostChristina JanneyHays PostKansas Lt. Gov. David Toland spoke at a Hays Chamber of Commerce luncheon Friday about the Kerry Administration’s economic accomplishments and plans for the Department of Commerce’s future developments.Toland also serves as Kansas Secretary of Commerce.Between 2019 and 2024, Governor Kelly’s Administration will generate $19.7 million in private business investment in Kansas and retain or create 67,912 jobs. Approximately 15% of the jobs will be retained through relocation to other states or overseas.Toland said Kansas has been on the defensive…
Downward angle icon Downward angle icon. Some Southern cities and states are thriving economically, while others are lagging behind. AP Photo/Lynne Sladky Americans are flocking to the South in search of jobs, lower taxes and more affordable housing. But by some economic indicators, the South is home to some of the poorest states in the country. The six states with the lowest GDP per capita are all in the South. The future of the U.S. economy may lie in the South, but some states in the region are at risk of being left behind.What the U.S. Southern region is is…
The dome surrounding the world’s largest telescope is taking shape, with siding and supports to protect the primary mirror being installed. The European Southern Observatory’s (ESO) Extremely Large Telescope (ELT) is currently under construction on Cerro Almazones mountain in Chile’s Atacama Desert, and is scheduled to make its first observations by 2028. Recent progress photos from the construction site, taken in June 2024, show cladding being installed on the outside of the ELT dome. This layer of material will act as an insulating barrier, provide weather resistance, and help protect the telescope from the harsh environment of the Chilean desert.Part…
It’s a busy week in the tech world, so it’s no surprise that the past seven days have been full of news and leaks, with big news happening around ChatGPT, Spotify, Apple, Google, and more.TechRadar also found time to publish two major reviews, the Samsung Galaxy Z Fold 6 and Marvel’s latest film, Deadpool and Wolverine, which may be a turning point in Marvel’s fortunes.We understand that we all lead busy lives and you may not have time to tune into TechRadar all day, every day, so here’s a roundup of all the big events that happened in tech last…
With Amazon Prime membership, you get perks all year round. For frequent travelers, there’s always something to enhance your journey. For the rest of this month, Amazon has thousands of Prime-exclusive deals for a variety of travel needs. If you’re planning a hiking trip, you’ll find great deals on camping tents, sleeping bags, and flashlights. For long flights, there are plenty of sales on noise-canceling headphones, travel pillows, comfy clothes, and more. Plus, you can get discounts on essentials like portable chargers and travel adapters. It’s important to always be prepared.With so many great deals to choose from, we’ve organized…
This REIT will bring income and stability to my portfolio. It’s been a historic month: a gunman nearly assassinated a former president, while the current president surprisingly announced he would not seek reelection. These two events have added to economic uncertainty in the country caused by already high inflation and interest rates, as well as raising concerns that the stock market (which suffered its worst day in years earlier this week) may crash. I don’t know if a crash will happen, but I’m taking steps to prepare for it if it does. I’ve saved up cash and have some defensive…
After roads that were eerily quiet during the early months of the pandemic, traffic is back with a vengeance. A new report from transportation data and analytics company INRIX finds that traffic congestion is as bad as it was before the pandemic in roughly half of the world’s major cities, but traffic patterns are changing.Traffic congestion no longer reflects the traditional 9-to-5 work schedule. These days, just as many Americans hit the road at noon as at 5 p.m. Average daytime hourly traffic volume has increased 23% since 2019, according to an INRIX study.The recent adoption of new remote and…