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Norway's $1.2 trillion fund sets 2050 net zero target

Some parents, anxious about their child staying in someone else’s home, are choosing “sleepunders” — picking kids up just before bedtime — or even staying over with them.

Dota 2 updates

President Joe Biden said he believes his administration has done a “pretty damn good job” working to resolve the banking crisis and said he thinks it will “take a little while for things to just calm down.”  “So I think it’s gonna take a little while for things to just calm down but I don’t see anything on the horizon that’s about to explode but I do understand there’s an unease about this and 

A big failures. Now come the hearings

Sweetie, I’ll Be Back at 2 A.M.

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In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan Goolsbee cited a number of supply chain threats that include “large tariffs and the potential for an escalating trade war.” Economists generally see tariffs as having one-time impacts on prices. However, in this case Trump is casting a wide enough net that it could generate the kind of underlying inflation the Fed fears. Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand.

Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation

The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the currency that could spark excessive volatility while stressing the importance of FX stability. The central bank had surprised the markets by shaving the major short- and long-term lending rates in July, followed by a widely-anticipated 25-basis-point cut in October.

China keeps benchmark lending rates unchanged as it contends with a weakening yuan

Sorting countries into rich and poor can be difficult. Measures such as gdp are affected by population size (more people generally mean more output). But adjusting for population alone is not enough. Dollar income per person does not account for differences in prices between countries (a Big Mac, for example, will set you back more in some places than in others, even after converting into dollars). Nor does it account for productivity (overall output per hour worked).

The world’s richest countries in 2024

Call it the frappuccino effect. 
Starbucks offers endless opportunities for innovation. Parts of social media delight in hacking the chain’s menu to create highly instagrammable drinks. 

How Starbucks caffeinates local economies

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