G7 members will spend ‘hundreds of billions’ on infrastructure to rival China’s Belt and Road initiative, according to a US official. China says G7 proposals are doomed to fail.

Summary List Placement President Joe Biden and the G7 member states on Saturday planned to announce a multibillion-dollar initiative to build infrastructure overseas, a direct challenge to China’s Belt and Road Initiative.  “There is, by some estimates, a $40 trillion infrastructure gap in parts of the world that this would be intended to help other countries fill,” said a senior US administration official, who spoke about the plans on the condition of anonymity. Biden and his G7 counterparts planned to announce the initiative during a working session focused on China on Saturday, the second day of the summit in Carbis Bay, England.  The Biden administration and international allies planned to… Read More

Continue Reading

Following my dad’s simple money advice helped me save $20,000 fast to walk away from a toxic job

 Summary List Placement At a young age, my dad told me that, to figure out what I wanted to do with my life, I had to first define my ideal lifestyle. I can recall us being outside, me probably kicking the dirt with the toe of my shoe while he said it. I have no idea if I’d asked a question or if he was spontaneously imparting some wisdom.  His exact comment was, “Figure out what kind of lifestyle you want, then work backwards from there.” For my dad, as a fourth-generation rancher, that meant doing whatever he needed to do to keep the family ranch operational and providing for… Read More

Continue Reading

Stock investors are poised to miss out on soaring oil prices with energy only making up 2% of portfolios, BofA says

Summary List Placement Oil prices are primed to push higher in the near term but many investors may miss out on building wealth from those moves because most portfolios have very low exposure to the energy sector, according to Bank of America.  Supply constraints and growing demand for oil as coronavirus vaccinations allow more people to return to work and travel are factors that will contribute to drawing up the commodity’s value and build on price gains of at least 40% this year for both Brent crude and West Texas Intermediate crude. The impact of the upside risk, however, may bypass numerous investors as the energy sector has 2% of… Read More

Continue Reading

Expiring unemployment benefits will boost job growth by over 150,000 in July and over 400,000 in September, Goldman says

Summary List Placement Following an April jobs report that fell significantly short of expectations, 25 GOP-led states announced they would be ending unemployment benefits early to incentivize people to get back to work. Both Bank of America and Goldman Sachs partially agreed that doing so will ease the labor shortage, with Goldman projecting a resultant spur to hiring in the coming months. Goldman’s Joseph Briggs wrote in a Friday note that the 25 states opting out of President Joe Biden’s $300 weekly unemployment benefits will boost job growth by 150,000 in July and over 400,000 in September. Briggs cautioned that these job gains estimates are “highly uncertain” and “the peak… Read More

Continue Reading

Republican free speech tourists keep trying to cancel college students and ban ideas

Summary List Placement One of the most prestigious institutions of higher learning in the heart of politically-progressive Silicon Valley has a free speech problem.  But this time it’s not generating as many headlines. There are no dramatic videos of left-wing agitators launching Molotov cocktails or scores of yelling students protesting conservative trolls  giving speeches on campus.  At Stanford University, conservatives recently took a quieter approach to shutting down their opponents through intimidation and appeals to authority. But despite the difference in tenor, the Stanford situation is indicative of a broader problem on the right.  Conservatives have made “free speech” part of their brand, and are particularly dramatic about campus speech… Read More

Continue Reading

With used vehicle prices soaring, now is the best time to sell your car — if you have one you don’t need

Summary List Placement The used vehicle market is unusually hot going into the summer. Used car and truck prices increased 10 percent in April and 7.3 percent in May, the highest of any consumer spending category included in the government’s measure of inflation. Like the housing market, a lack of supply and a lot of demand is causing prices to soar to new records. Average used-vehicle prices topped $22,500 at the start of May, and are showing no signs of coming down any time soon. “If you have a car to sell, there’s never been a better time,” said Pat Ryan, the CEO of CoPilot, a personalized car-shopping service. “Dealers… Read More

Continue Reading