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Gita Gopinath, Harvard University Professor and Former IMF Chief Economist, says the U.S. stock market remains among the most dynamic, led by tech and AI-driven growth. She tells Romaine Bostick and Katie Greifeld on “The Close” that any shock could trigger a sharp turn in markets and the broader economy. (Source: Bloomberg)
The previous tenant paid nine hundred and three dollars a month. (A steal!) On the free market, the unit could fetch three thousand, easy. (Lee said he had to call it a “de-facto” two-bed, because legally, a living room has to have windows.) But he estimated that it would cost him a hundred and twenty thousand dollars to make the place livable, and, under the current rent-stabilization laws, the most he could charge would be twelve hundred a month—which he said just about covers the operating cost of the apartment but not the renovations.We continued the tour. “I’ll probably get…
On Tuesday, the justices heard argument in Bowe v. United States, involving a complex (and confusing) area of law: habeas, which allows people confined by the government to challenge the grounds for their detention. Michael Bowe, a federal criminal defendant, seeks to challenge his firearm conviction through a successive habeas petition that relies on 28 U.S.C. § 2255. Section 2255(h) says that a “second or successive motion must be certified as provided in section 2244 by a panel of the appropriate court of appeals.” In keeping with Section 2255(h), Bowe began in the court of appeals with a request to file…
Ian YoungsCulture reporterPhilip Vile/RibaA modern answer to the traditional almshouse, designed to combat loneliness, has won a prestigious architecture award for Britain’s best new building.Appleby Blue Almshouse, which provides affordable flats for over-65s in Southwark, south London, has won this year’s Royal Institute of British Architechts’ (Riba) Stirling Prize.The complex, in Bermondsey, has 59 flats plus communal facilities, including a roof garden, courtyard and community kitchen.The Stirling Prize judges said it “sets an ambitious standard for social housing among older people”.Philip Vile/RibaArchitects Witherford Watson Mann have crafted “high-quality” and “thoughtful” spaces to create environments that truly care for their residents”,…
A man has appeared in court charged with manslaughter, assault and coercive and controlling behaviour.Daniel Birtwistle, 39, from Tamworth, Staffordshire, appeared by video link at Dudley magistrates court on Thursday morning, where he spoke only to confirm his name and date of birth.He has been charged in relation to the death of 24-year-old Georgina Ward, a “brilliant, creative and talented” tattoo artist, who was found dead at her Dudley home in November 2020.As well as the charge of manslaughter, Birtwistle has been charged with two counts of controlling and coercive behaviour and three counts of assault in relation to Ward,…
The President then interrupted him. “Did you ever think I was going to be called the peacemaker?”Glenn replied, “Actually, I did.”His question, when he got around to it, was about Alyssa Farah, a former aide in Trump’s first-term White House who is now a co-host of the popular ABC daytime talk show “The View” and a vocal critic of Trump’s. According to Glenn, Farah had promised to wear a Make America Great Again hat on TV if he actually managed to secure the release of Israeli hostages being held in Gaza, but she had not yet done so. After explaining…
President Donald Trump said U.S. military strikes on five Venezuelan boats have saved more than 100,000 lives because the maneuvers thwarted drug smuggling. “Every boat that we knock out we save 25,000 American lives so every time you see a boat and you feel badly you say, ‘Wow, that’s rough;’ It is rough, but if you lose three people and save 25,000 people,” President Donald Trump said in an Oct. 15 press conference. The administration did not supply PolitiFact with evidence that the boats were carrying drugs. Drug experts told PolitiFact that Venezuela plays a minor role in trafficking drugs…
In two weeks, one civilian U.S. Coast Guard employee is facing the cancellation of both her car and homeowner’s insurance. She is working during the shutdown, but unlike her uniformed colleagues, she will not be paid on time. This week, like a majority of the federal workforce, she received a partial paycheck. Her next paycheck will be delayed as long as the shutdown drags on. If it does not hit her account at the normal time, she has no plan to make those insurance payments. “If I were [furloughed] I would know what to do, I would go get another job,” said…
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.The writer is a professor at Harvard’s John F Kennedy School of Government. His new book is ‘Shared Prosperity in a Fractured World’The world faces three major interlinked economic challenges: reversing the erosion of the middle class (and the democratic backsliding that comes with it); accelerating the green transition; and enhancing poverty reduction and growth in developing countries. In an age of rising authoritarianism and international conflict, these goals seem more distant than ever but the evidence from the ground up is…
Earlier this week, I stopped for breakfast in Sunset Park, Brooklyn, a largely Hispanic neighborhood where street vendors sell tamales and rice pudding out of orange Gatorade coolers. I speak some Spanish, but I wanted to test out Apple’s new “Live Translation” feature, which has been advertised as a sort of interpreter in your ears. I popped in my AirPods, pulled up the Translate app, and approached.As I opened my mouth, the AirPods blared a message into my ears: AMBIENT SOUND LEVELS ARE HIGH. TRY MOVING iPHONE CLOSER TO THE AUDIO SOURCE TO CONTINUE TRANSLATION. The vendor had already begun…