Remote work, a holdover from the pandemic, is leaving downtown office space empty and depressing property values even as billions in loans come due. Interest rates are sky-high. And a regional banking crisis spurred tighter lending standards, making it harder for property owners to borrow.
Jonathan Haidt is one of the most important and impressive writers of the day. Tyler Cowen is one of the most interesting and intelligent minds of our age. The two of them recently spoke on the topic of Haidt’s new book, The Anxious Generation. I highly recommend this conversation for all sorts of reasons. The […]
Treasury Secretary Janet Yellen warned in Beijing on Monday that Chinese banks that facilitate support for Russia amid its war in Ukraine could face U.S. sanctions. “We continue to be concerned about the role that any firms, including those in the [People's Republic of China], are playing in Russia’s military procurement,” Yellen said in remarks...
Worker crews have removed containers from the massive shipping vessel that slammed into the Baltimore bridge late last month. Workers began to remove the containers starting on Sunday and will continue to do so over the next several days with weather permitting, according to a statement from the Key Bridge Response Unified Command. The command...
The National Highway Traffic Safety Administration (NHTSA) is urging motorists to be careful if they have to drive during Monday's eclipse. "Other drivers may be clogging the roads," the agency said in a post Sunday on X, formerly Twitter. "Drive slower to keep safe and stay alert." NHTSA also recommended that drivers pull over to...
Former President Trump released a video Monday on Truth Social outlining his position on abortion, a divisive issue that is expected to play a major role in November's election. Trump, the presumptive Republican nominee for president, has offered shifting statements in the nearly two years since the Supreme Court overturned Roe v. Wade. Read Trump's...
President Biden slammed former President Trump on Monday for saying he thinks abortion policies are best left to the states, and for the presumptive GOP presidential nominee's role in overturning Roe v. Wade. “Donald Trump made it clear once again today that he is – more than anyone in America – the person responsible for...
JP Morgan Chase CEO Jamie Dimon, a key voice in U.S. business and finance circles, said the U.S. cannot stand on the sidelines in Ukraine's fight against Russia, pushing back on calls from some in the GOP to pull back from the war. In his annual shareholder letter, Dimon made the case against international isolationism...