Pakistan ‘looking towards growth’ after tough economic period – Imran Khan
He acknowledged that Pakistanis are struggling under his government's economic stabilization program, but he explained that the government had inherited the "worst economic crisis" in the country's history.“People are hurting. We have gone through this very tough period,” he said, adding that the economy has now been stabilized. “This year we are looking towards economic growth.” Also on rt.com Fitch keeps Pakistan’s credit rating unchanged while investment soars Khan listed Pakistan’s "untapped" mineral wealth among the country’s advantages, adding that the government is focused on developing those resources.READ MORE: Pakistan cracks down on wheat hoarders in response to soaring flour pricesHe also mentioned Pakistan's strategic … [READ MORE...]
When the Tech Backlash Turns Dangerous: Fake Calls for a SWAT Team
The attacks have been aided by forums that have sprung up both on the public internet and on the camouflaged sites of the so-called dark web. These forums name thousands of people, from high-ranking executives to their extended families, who could be targets, providing cellphone numbers, home addresses and other information. Some even discuss techniques that can be used — like cheap, online technology that can spoof a phone number and make the police believe a 911 call is coming from a target’s home.In the eight months since one online forum was started, nearly 3,000 people have joined.“Who should we do next?” read one message on the forum last month. The responses included gun emojis — the symbol, in swatting forums, for an attack in which the police were successfully called to the … [READ MORE...]
Is a 400% Rent Increase the Future of Coney Island?
Mr. Bloomberg wanted to restore the district, which began to decline in the 1960s, to its heyday by promoting the development of stores and apartments along Surf Avenue. Businesses that were open only in the summer would move to a year-round schedule, helping to bolster what Mr. Bloomberg envisioned as the nation’s largest urban amusement park. The city leased the land to Zamperla, allowing it to open Luna Park in 2010, dictate its own lease agreements with small businesses owners, and even require those businesses to hand over some of their profits. Beloved boardwalk businesses that did not fit Zamperla’s vision were shuttered. Others, like Ms. Carlin’s boutique, which had been evicted under Mr. Sitt, returned.By 2012, the revival was underway, and crowds and revenue were growing. Ms. … [READ MORE...]
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China Poised to Buy More From U.S., at the Expense of U.S. Allies
For now, Chinese willingness to buy American goods could cover a wide range of industries.The published text of last week’s agreement sets clear numerical targets for large increases in American exports to China in four categories: manufactured goods, agriculture, energy and services. But officials have described an unpublished annex that specifies large increases in a long list of subcategories.Many of the subcategories highlight products that China currently imports from Europe and East Asia, … [Read More...]
Trump Says the Fed Prevented 4% Growth. That Isn’t True.
Real-World VersionSo how did the Fed’s actual policies affect growth?Relative to the economy’s structural growth path — the one driven by labor force expansion and productivity — the Fed’s rate-setting may have shaved about 0.1 percentage point from growth in 2019, according to an estimate from Julia Coronado, a founder of MacroPolicy Perspectives. Slower capital expenditures and trade probably shaved another 0.1 percentage point from growth. But those effects were offset by the aftereffect of … [Read More...]
The Trade War, Paused for Now, Is Still Wreaking Damage
Still, the factory sector remains the centerpiece of Mr. Trump’s economic appeal to voters, especially in the industrial states that lifted him to the White House in 2016. “This is a blue-collar boom,” Mr. Trump said on Tuesday in a speech in Davos, Switzerland. “We have created 1.2 million manufacturing and construction jobs — a number also unthinkable.”Only 197,000 of those jobs were created last year, however, a sharp deceleration from the first two years of his administration. The United … [Read More...]
Trade War’s Pain May Deepen Even as Tensions Abate
Still, the factory sector remains the centerpiece of Mr. Trump’s economic appeal to voters, especially in the industrial states that lifted him to the White House in 2016. “This is a blue-collar boom,” Mr. Trump said on Tuesday in a speech in Davos, Switzerland. “We have created 1.2 million manufacturing and construction jobs — a number also unthinkable.”Only 197,000 of those jobs were created last year, however, a sharp deceleration from the first two years of his administration. The United … [Read More...]
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Small Business
Is a 400% Rent Increase the Future of Coney Island?
Mr. Bloomberg wanted to restore the district, which began to decline in the 1960s, to its heyday by promoting the development of stores and apartments along Surf Avenue. Businesses that were open only in the summer would move to a year-round schedule, helping to bolster what Mr. Bloomberg envisioned as the nation’s largest urban amusement park. The city leased the land to Zamperla, allowing it to … [Read More...]
Buying Black, Rebooted
Access to capital is a recurring barrier to growth for businesses of all stripes, but traditional financing options are especially difficult for black owners. When black entrepreneurs do get loans, they tend to receive lower amounts and at higher interest rates than other groups.Black women, the fastest growing segment of business owners, are the least likely to receive investments from venture … [Read More...]
Your Money
Help! A Hurricane Destroyed Our House and We Can’t Afford That Vacation Anymore
Your story calls to mind one other question that I think many readers will wonder: Would travel insurance have helped?It’s hard to imagine having the foresight to buy travel insurance for precisely this reason, but the short answer: Yes. In general, various travel insurance policies across the industry, from Berkshire Hathaway Travel Protection to Norwegian’s own BookSafe Travel Protection, … [Read More...]
You Really Can Lower Your Car Insurance Cost
People who drive infrequently may want to consider usage-based insurance, which uses technology to monitor driving and can save about 3 percent, the report found.For help in understanding coverage, try an online guide from the National Association of Insurance Commissioners.Here are some questions and answers about car insurance:Are some cars more expensive to insure than others?Yes. Older cars, … [Read More...]