A traditional industrial economy uses raw materials to make products which are discarded when they are no longer wanted, sometimes before the end of their useful lives. The circular economy aims to break the link between economic activity and using up the earth’s resources. This may involve reusing, repairing, and sharing materials and products. While […]
Americans have a specific number in mind about how much it takes to be perceived as wealthy, and it’s a sizable chunk of change: an average of $2.2 million in assets. That may seem like a pie-in-the-sky number, especially given that the median net worth of the typical family stood at about $122,000 in 2019, […]
More Americans are struggling to pay their household bills compared with a year ago, but the rise in hardship isn’t hitting all groups equally. Older workers and people over 65, who are largely retired, have experienced the sharpest rise in financial hardship among all age groups compared with a year earlier, according to an analysis […]
Owning a home has long been seen as a pillar of the American dream. But a new report highlights just how far many Americans remain from achieving it. Middle-income households, or those with annual earnings of up to $75,000, can afford only 23% of the homes listed for sale in the U.S., according to recent […]
Millions of storage devices are being shredded each year, even though they could be reused. “You don’t need an engineering degree to understand that’s a bad thing,” says Jonmichael Hands. He is the secretary and treasurer of the Circular Drive Initiative (CDI), a partnership of technology companies promoting the secure reuse of storage hardware. He […]
Nine miles northwest of Allentown, Pennsylvania, sits America’s oldest drive-in movie theater, first opened in 1934. While it was originally the second drive-in theater to open in America, Shankweiler’s Drive-In Theatre is now the only one left from the early 1930s. The theater was opened by Wilson Shankweiler, who originally called it Shankweiler’s Park-In Theatre. […]
Saudi Arabia announced earlier this week that it will further reduce its oil production in a unilateral attempt to rise the price of crude, which two previous cuts agreed by major producing countries in the OPEC+ alliance couldn’t prop up. The cuts, equal to 1 million barrels per day starting in July, are likely to […]
The Biden administration is expected to soon finalize regulations restricting which home gas-powered furnaces consumers are able to purchase in the future. According to experts, the regulations — proposed in June 2022 by the Department of Energy (DOE) — would restrict consumer choice, drive prices higher and likely have a low impact on greenhouse gas […]
Larry Fink, CEO of investment firm BlackRock, is facing backlash over a 2017 comment admitting his company would “force behaviors” on inclusion efforts, amid a rise in pushback against companies making environmental, social and corporate governance (ESG) investments on behalf of everyday Americans. While sitting alongside former AmEx CEO Kenneth I. Chenault in a resurfaced […]
The housing market in the city of Austin, Texas, has become the focus of widespread concerns after home prices have dropped faster than anywhere else in the country, including the troubled San Francisco. According to the Zillow Home Value Index, home prices in Austin have fallen by more than 10 percent between July 2022 and […]
As some brands shy away from LGBTQ+ campaigns because of boycotts, others, including Glamour and The North Face, are embracing the community for Pride Month despite the potential backlash. For years, brands have honored Pride Month with LGTBQ+-friendly campaigns and sponsorships. But, Pride Month is coming on the heels of a successful boycott of Bud […]
Six decades after Japan debuted its shinkansen bullet trains, high-speed railconnects major cities in Europe, South Korea, Taiwan and especially China, which has a sprawling 26,000-mile system. Other regions are embracing it as well: trains race across Morocco, the Saudi Arabian desert and a high-speed line spanning Indonesia’s Java island opens in June. The one […]
