Older Americans, finding their savings and Social Security incomes are not keeping up with expenses, are increasingly taking out reverse mortgages on their homes, the Financial Times reported.
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NATURAL GAS PRICES ARE THEIR HIGHEST IN MORE THAN THREE YEARS
Heating season has arrived and foreign buyers are willing to pay top dollar for liquefied natural gas (LNG) from the U.S. Both factors have driven gas prices to their highest since the price spiked after Russia attacked Ukraine in February 2022.
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IN THE U.S., FORECLOSURES ARE STEADILY INCREASING
In October, properties in some stage of foreclosure rose 3 percent from September to reach 36,766, a 19-percent gain year on year and the eighth consecutive month in which the number increased, according to property data service ATTOM.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Big Tech announced widespread layoffs this week. Verizon will lay off 15,000 to cut costs, Synopsys chip design company will lay off 2,800 people and Intel will lay off 669 people in Oregon by year-end.
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WHAT DEMOCRACY? 45 PERCENT OF THOSE LIVING IN WESTERN COUNTRIES SAY THEIR GOVERNMENTS ARE BROKEN
A newly released Ipsos poll found that nearly half of those living in the Western world believe that democracy is “broken,” with “people feeling unrepresented particularly by their national governments,” according to Politico.
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INTERNET FREEDOM DECLINED FOR THE 15TH YEAR IN A ROW, RESEARCH GROUP SAYS
A research group in Washington released a report last week that found internet freedom declined around the world for the 15th consecutive year as “authoritarian governments employed censorship and offline repression to quash protests” organized online, with China and Myanmar considered the most repressive governments for online freedoms.
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FOR BETTER OR WORSE, AI COMES TO NEWSROOMS
News reporters and editors at major news outlets across the U.S. are learning how to use AI technology to help research projects and look up arcane facts, but newsrooms are still trying to figure out how to make sure they’re using the new tool in a responsible way.
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‘PEACEMAKER’ TRUMP CARRIES OUT MORE AIRSTRIKES IN SOMALIA
The U.S. carried out more airstrikes across Somalia last week to target al-Shabaab fighters in the southern part of the country, but had not disclosed the full extent of the damage or the number of civilians killed in these attacks.
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TRUMP’S DISAPPROVAL RATING JUMPS, AS MIDTERMS LOOM
U.S. President Donald Trump, hot off the shellacking earlier this month at the polls, which saw top contests carried by Democrats, has seen his disapproval rating jump this month, according to a recent Reuters/Ipsos poll.