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Economy, Energy

“…USA is now producing more oil and gas than any nation ever has” [So why is gas so expensive?]

“The US Energy Information Administration (EIA) said in January that US domestic production of crude oil for September 2023 set a new all-time high of 13,247,000 barrels per day. That fact probably deserved more notice than it received given that it was… Continue Reading…

Real Estate

“Renting is now cheaper than owning in all of America’s 50 biggest metro areas”

“Thanks to rising home prices and elevated mortgage rates, it’s now cheaper to rent than it is to buy a home in all of America’s biggest metropolitan areas, according to a new report by Realtor.com. In its February monthly rent… Continue Reading…

Economy

“Record numbers of wealthy Americans are looking for ways to live overseas”

“…An investment-migration consultancy says that it’s seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships. Mehdi Kadiri, the head of North America at Henley & Partners, said in the company’s 2024 USA Wealth… Continue Reading…

Economy

“U.S. hits new low in World Happiness Report”

“…Why it matters: Some countries, like Finland and Denmark, consistently rank among the world’s happiest. The U.S. isn’t one of them. The big picture: A steady supply of studies has found that Americans feel glum about issues ranging from loneliness to the economy and the… Continue Reading…

Economy

“Lyft and Uber say they’ll leave Minneapolis after city requires drivers to be paid more”

“MINNEAPOLIS — Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of… Continue Reading…

Energy

“U.S. crude prices crack $81 as oil supply deficit forecast for 2024”

“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…

Business, Economy

“You’ll have almost zero competition to land a ‘highly paid’ job in these 10 cities”

“… Here are the cities with the least competition for highly paid jobs: … “The salaries of the high-paying jobs are relative to the median salaries in each state or city, so the competition rates are more reflective of a… Continue Reading…

Economy

“…Denver’s migrant crisis threatens to overwhelm its compassion”

“…After more than 40,000 migrants arrived Denver in less than a year, city officials are now struggling to help both the new arrivals and serve their taxpaying residents amidst skyrocketing rents and an ongoing housing shortage. A self-described sanctuary city, Denver has… Continue Reading…

Economy, Energy

“Amid explosive demand, America is running out of power”

“Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid…”… Continue Reading…

Economy

“…Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’”

“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…