Americans Are Tipping Less Than They Have in Years
(wsj.com)
People are tipping less at restaurants than they have in at least six years, driven by fatigue over rising prices and growing prompts for tips at places where gratuities haven’t historically been expected.
People are tipping less at restaurants than they have in at least six years, driven by fatigue over rising prices and growing prompts for tips at places where gratuities haven’t historically been expected.
US hiring announcements in 2024 lowest in nine years
(yahoo.com)
Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming a sharp moderation in job growth over that period.
Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming a sharp moderation in job growth over that period.
Looming 'demographic cliff': Fewer college students and fewer graduate
(npr.org)
The long-predicted downturn in the number of 18-year-olds is almost here. And it isn't just a problem for higher education. It's a looming crisis for the economy.
The long-predicted downturn in the number of 18-year-olds is almost here. And it isn't just a problem for higher education. It's a looming crisis for the economy.
Nearly Half of US Unicorns Have Foreign-Born Founders
(gfmag.com)
Research shows that immigrants to the US play a significant role in entrepreneurship and the economy at large.
Research shows that immigrants to the US play a significant role in entrepreneurship and the economy at large.
Noah Smith: How do we measure whether China's economy is "ahead" of America's?
(noahpinion.blog)
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By registering you agree to Substack's Terms of Service, our Privacy Policy, and our Information Collection Notice
In 2025, German auto industry faces make-or-break year
(dw.com)
The German auto industry was in crisis mode last year, amid stuttering sales of electric vehicles in Europe and falling demand for fossil-fuel-driven cars in China. Will it survive another year in the doldrums?
The German auto industry was in crisis mode last year, amid stuttering sales of electric vehicles in Europe and falling demand for fossil-fuel-driven cars in China. Will it survive another year in the doldrums?
The Truth About H-1B Visas It's wage theft, pure and simple
(neuburger.substack.com)
It's wage theft, pure and simple
It's wage theft, pure and simple
Richest people surpass $10T in wealth in 2024
(ocregister.com)
The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.
The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.
Rite Aid's 'Zombie' stores take over America
(qz.com)
Rite Aid is becoming a haunting sight across America.
Rite Aid is becoming a haunting sight across America.
Epic Construction Site in the Saudi Desert Is a Hazard for Workers
(wsj.com)
Billed as a futuristic city-state with dazzling architecture including parallel 106-mile-long skyscrapers taller than the Empire State Building, Neom is the centerpiece of Saudi Crown Prince Mohammed bin Salman’s plans to transform his oil-rich country into a modern diversified economy.
Billed as a futuristic city-state with dazzling architecture including parallel 106-mile-long skyscrapers taller than the Empire State Building, Neom is the centerpiece of Saudi Crown Prince Mohammed bin Salman’s plans to transform his oil-rich country into a modern diversified economy.
Yellen: US will hit debt ceiling in mid- or late-January
(yahoo.com)
Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- to late-January, starting the clock on a major fiscal challenge facing President-elect Donald Trump in his first months in office.
Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- to late-January, starting the clock on a major fiscal challenge facing President-elect Donald Trump in his first months in office.
China's low-altitude aviation economy to become a trillion-yuan industry in 2025
(nature.com)
China’s low-altitude aviation economy is poised to become a trillion-yuan industry in 2025 — if safety and security challenges can be overcome.
China’s low-altitude aviation economy is poised to become a trillion-yuan industry in 2025 — if safety and security challenges can be overcome.
US housing market is mirroring 2008 bubble–real estate analyst
(newsweek.com)
The recent flood of new inventory in the U.S. housing market has brought the number of homes sitting vacant and waiting for a buyer close to levels seen only during the 2008 bubble, the real estate analyst Nick Gerli said.
The recent flood of new inventory in the U.S. housing market has brought the number of homes sitting vacant and waiting for a buyer close to levels seen only during the 2008 bubble, the real estate analyst Nick Gerli said.
2024 Was the Year the Bottom Fell Out of the Games Industry
(wired.com)
For people who make video games, 2024 was a year of holding on for dear life. At the annual Game Developers Conference in March, “Survive till ’25” was this year’s incantation, summoned to keep morale on pace. Others resorted to full-on screams, as layoffs in the industry charted record highs and developers found themselves under attack online for conspiratorial nonsense.
For people who make video games, 2024 was a year of holding on for dear life. At the annual Game Developers Conference in March, “Survive till ’25” was this year’s incantation, summoned to keep morale on pace. Others resorted to full-on screams, as layoffs in the industry charted record highs and developers found themselves under attack online for conspiratorial nonsense.
France Links First New Nuclear Reactor to Grid Since 1999
(yahoo.com)
Electricite de France SA connected a new nuclear reactor to the French power grid for the first time in a quarter century on Saturday, adding low-carbon electricity supply at a time when a sputtering economy has made demand sluggish.
Electricite de France SA connected a new nuclear reactor to the French power grid for the first time in a quarter century on Saturday, adding low-carbon electricity supply at a time when a sputtering economy has made demand sluggish.
Africa will have some of the fastest-growing economies in 2025
(economist.com)
Several fast-growing economies show that not everyone is having a lost decade
Several fast-growing economies show that not everyone is having a lost decade
Behind Germany's political turmoil, a stagnating economy
(nytimes.com)
One of Europe’s powerhouses is losing its competitive edge, and the political class can’t agree on why — or what to do about it.
One of Europe’s powerhouses is losing its competitive edge, and the political class can’t agree on why — or what to do about it.
Indian-born CEO of Japanese company says nation needs immigration to thrive
(japantimes.co.jp)
The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years.
The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years.
CNPC: China Reaches Refined Oil Demand Peak
(oilprice.com)
China, the world’s heavyweight oil consumer, has officially hit its peak. According to CNPC’s Economics & Technology Research Institute, the country’s refined oil consumption maxed out in 2023 at 399 million metric tons (roughly 8 million barrels per day) and is set to decline by 1.3% in 2024.
China, the world’s heavyweight oil consumer, has officially hit its peak. According to CNPC’s Economics & Technology Research Institute, the country’s refined oil consumption maxed out in 2023 at 399 million metric tons (roughly 8 million barrels per day) and is set to decline by 1.3% in 2024.
Office Property Meltdown Is Starting to Surface at Regional Banks
(bloomberg.com)
Slumping office property values are rippling through US banks, with smaller lenders in particular ramping up the use of loan modifications in their commercial real estate books.
Slumping office property values are rippling through US banks, with smaller lenders in particular ramping up the use of loan modifications in their commercial real estate books.