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Inside the US affordability crisis | FT #shorts
Financial Times· 2025-12-02 08:14
Economic Impact & Inflation - Inflation is significantly impacting families and individuals, leading to difficult choices regarding healthcare and basic necessities [1][2] - Rising prices and slowed wage growth are making it difficult for poorer Americans to make ends meet across the country [2] - The rising cost of living is a major concern, impacting decisions about family planning and healthcare [6] Healthcare Access & Affordability - Lack of healthcare insurance is a significant concern, preventing individuals from seeking necessary medical care and monitoring pre-existing conditions [4] - The expiration of Obamacare tax credits is expected to further increase healthcare costs for low-income Americans [5] - Healthcare costs are a barrier to starting a family for some individuals [6] Employment & Economic Conditions - Individuals are working long hours in demanding jobs, sometimes without benefits like health insurance [3] - The Lehigh Valley, a post-industrial area, is experiencing economic reinvention, but many residents still struggle financially [7] - The economic struggles in Bethlehem, Pennsylvania, a former steel town and bellwether county, reflect broader economic trends in the US [3]
Destination weddings spark marriage boom across China | FT #shorts
Financial Times· 2025-12-01 05:00
China is experiencing an unexpected increase [music] in marriages after officials relaxed rules on marriage registration. Couples can now get hitched in far-flung holiday destinations and even at music festivals rather than at their local registry office. The policy shift is aimed at boosting the marriage rate and reversing China's demographic decline.China faces a long-term economic challenge with its rapidly aging population supported by a shrinking number of working age citizens. Analysts say that persis ...
Why has Bolsonaro been locked up | FT #shorts
Financial Times· 2025-11-27 12:55
Why has Brazil's ex- leader Jaier Bossinaro been locked up. The hard-right politician was already under house arrest, convicted over an attempted coup. It's a trial that divided the nation and angered Bossaro's ally, US President Donald Trump.But now that his appeal has failed, what will happen to the Trump of the tropics. And how will he serve out his 27-year sentence. In Bosanara's trial, prosecutors argued that he, working with a core group of seven other defendants, plotted to stay in power after losing ...
What are the main takeaways of Budget day | FT #shorts
Financial Times· 2025-11-26 22:55
I call the chancellor of their shatter. >> Rachel Reeves, as we all remember, infamously after our October 2024 budget, said she would not be coming back with uh more taxes or more borrowing, but she has come back with more tax. This is a very big tax raising package she's announced today.She's avoided, as expected, a direct manifesto breach by not raising income tax, etc. But there are a host of other uh tax raising measures and it's a pretty big it's very much loaded towards personal taxation increases wh ...
The Wolf-Krugman Exchange: Almost one year of Trump | FT #shorts
Financial Times· 2025-11-26 05:00
Paul, good to see you. How are you coping after almost a year of Trump. >> I'm not in despair, which, you know, a year ago I feared I might be.Politically, there's some serious push back to Trump. Economically, we have so far skirted catastrophe, although there are problems out there. So, it's kind of a weird state of suspension.We're seeing uh a lot of institutions behaving, you know, with with great cowardice, but a lot of ordinary people standing up for what America is supposed to be. The fact that the b ...
Building the Future: A Sustainable HQ | FT Rethink
Financial Times· 2025-11-25 05:08
Sustainability & Innovation - Architecture firms are innovating to address climate change, incorporating sustainability into design and rethinking the built environment [1] - The construction industry accounts for approximately 40% of global greenhouse gas emissions, highlighting the need for sustainable practices [2] - Sustainable construction involves social components, focusing on creating buildings where people feel good and want to work together [3] - The future of sustainable construction considers challenges from multiple angles, including cooling and material sourcing [4] Project Specifics - Herzog & de Meuron's project uses recycled concrete for the raft foundation and locally sourced materials [2] - The project incorporates an AI-powered water intelligence platform for rainwater collection and reuse [3] - Balconies are designed to allow light but not direct sunlight, and 80% of the roof surface will be covered with plants to cool the air and remove pollutants [5] - A 100% renewable thermal system pumps water from Lake Geneva through the building for heating and cooling [5]
Why is UK growth so anemic | FT #shorts
Financial Times· 2025-11-25 05:01
The last time the Labor Party was in power, Britain enjoyed a period of sustained economic growth. Labor's back in government, but the UK economy is stuck in a rut. Why.Analysts say that Britain's economic performance, like that of many other rich economies, has been lackluster since the global financial crisis of 2007. That has meant a long spell of weak investment and stagnant productivity. That's the measure of economic output per hour worked.Studies also suggest Brexit has only made growth even more cha ...
Gen Z and millennials are saving the cruise industry | FT #shorts
Financial Times· 2025-11-24 05:00
The global cruise industry, which was brought to a standstill by the CO9 pandemic back in 2020, is sailing into a new era. Once stereotyped as being stacked with the newlywed, the overfed, and the nearly dead, cruisers are now attracting a fresh wave of younger passengers who are being lured in by cheaper prices, comprehensive amenities, and convenience. The broadening demographics of passengers on board the everex expanding mega ships that define the cruise industry has helped the sector to defy the gloom ...
Trump’s Ukraine-Russia peace plan | FT #shorts
Financial Times· 2025-11-21 14:23
Donald Trump is pushing a new peace plan to end the war in Ukraine with a text that many people see as highly favorable to Russia. We're going to look at some of the most contentious points. The first one is about territory.The draft stipulates that Ukrainian forces would withdraw from the remainder of Detsk province that they currently control. This is probably Ukraine's biggest red line and would be impossible for President Zalinski to accept for political and military reasons. The second contentious feat ...
Where does your tuna actually come from | FT #shorts
Financial Times· 2025-11-21 11:06
Where does your tuna actually come from. Our investigation found a supply chain riddled with exploitation and abuse, where fishermen spend months or even years at sea, threatened, beaten, and deceived over pay. The International Labor Organization calls it forced labor, a form of modern slavery.And for the first time, we've directly linked this kind of abuse to the tuna found on British supermarket shelves, including Waitros, Sainsbur's, Tesco, Morrison's, and Asda. Workers talk of violations in two fisheri ...