By David Lyons From South Florida Sun Sentinel El Al, the national airline of Israel, is moving its U.S. headquarters from New York to Margate in Broward County, according to the county mayor and the Greater Fort Lauderdale Alliance. In a joint telephone interview Thursday with the South Florida Sun Sentinel, Mayor Michael Udine and…
El Al, Israel’s National Airline, Relocating US Headquarters From NYC to Broward
May 27, 2022
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Asia & PacificBusiness & EconomyEl AlInternationalIsrael’s National AirlinenycU.S. HeadquartersUSUS NewsWorld
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Elon Musk: Recession ‘A Good Thing’, Bankruptcies ‘Need to Happen’
Billionaire Elon Musk wrote on Twitter that a recession would be “a good thing,” adding that “some bankruptcies need to happen.” The Tesla Motors and SpaceX CEO published a poll on his Twitter account, asking, “Who do you trust less? Real question.” He offered two answers: politicians and billionaires. More than 75 percent chose politicians. In…
Add Barnes and Noble Booksellers to the Woke Club
May 27, 2022
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Barnes and NobleBusiness & EconomyBusiness ColumnistsLGBTQOpinionThinking About ChinaViewpointswoke corporations
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Commentary Woke corporations risk losing business by focusing on social policies that detract from business growth. When will woke corporations ever learn that woke policies offend significant portions of their customer bases? Will stockholders finally be fed up with resultant stock losses due to the implementation of woke policies that turn off customers? Woke policies…
Brent Crude Oil Could Reach $150 per Barrel If Russian Exports Are Sanctioned: Bank of America
There are major concerns over the tightening supply situation in the global crude oil market, as the global oil benchmark Brent crude nears a two-month high. Brent crude could rise past $150 a barrel if there is a sharp cut in Russian oil exports, according to Bank of America’s (BOA) Global Research report on May…
Courting Policy Failure
Commentary European Central Bank (ECB) President Christine Lagarde seems even less aware than Federal Reserve (Fed) Chairman Jerome Powell. Both face pressure to deal with intense inflations—8.3 percent in the last year in the United States and 7.5 percent in the eurozone. But since the necessary response risks recession, Powell has moved timidly, and Lagarde…
It’s Not Just the USA: The Economic Instability Is Global
Commentary The actions of the authorities in developed countries, essentially an extension of the Keynesian economic policy discourse, have brought their economies into disrepute. These actions consist of immense stimulus and virtually unfunded government indexation of voter income in the face of expected impoverishment amid COVID, lockdowns, and other global problems. The government is making…
Russia Mulls Allowing Cryptocurrency for International Payments: Ifax
May 27, 2022
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Business & Economycryptocurrencyeconomic policieseconomyEuropeInternationalMarketspaymentsRussiaRussia-Ukraine WarWorld
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Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday. “The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance ministry’s financial policy department, was quoted as saying. Russian officials are wrestling…
Key Inflation Gauge Drops, Sparking Hopes of Price Pressures Cooling
Price growth slowed its pace in April, with a key inflation gauge falling to a level well below analysts’ forecasts and fueling hopes that price pressures may be starting to dissipate. The Commerce Department reported on May 27 that the headline Personal Consumption Expenditures (PCE) price index, which is the inflation measure most closely watched by…
Home Listings Spike as Sellers Look for Buyers While Prices Remain High
May 27, 2022
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Business & Economyeconomyhome listingshome priceshousing marketmortgage interest ratesreal estatesingle-familyUSUS Real Estate
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There has been an increase in home listings during recent weeks as sellers jump to cash in on the current high home prices. New listings climbed almost twice as fast for the four weeks ending May 15 compared to the same period in 2021, according to a May 19 press release by real estate brokerage…
Is the American Dream of Home Ownership Vanishing?
How much money do we really need to buy a home, and can we afford it? These are questions that real estate agents and mortgage professionals hear every day, and the answer is always the same—it all depends on many different factors. Sheetal Sawhney, originating branch manager at CrossCountry Mortgage’s office in North Bergen, New…
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