With digital ad revenues projected to fall by more than 10 percent this quarter, news organizations are cutting staff to balance their budgets.
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HOMES SELL AT SLOWEST PACE SINCE 2014
The number of existing U.S. homes sold in 2022 was 17.8 percent smaller than in 2021, marking the industry’s worst sales year since 2014, according to the National Association of Realtors (NAR).
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M&A PROFITS TANK FOR MAJOR BANKS
Fees for structuring mergers and acquisitions and underwriting stock issues were down 49 percent at Morgan Stanley last year and 48 percent at Goldman Sachs, the companies reported, as deals dried up amid rising interest rates, continuing inflation, and a gloomy economic outlook.
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RADIOACTIVE, RADIO SILENCE IN THE WEST: CHINA URGES JAPAN TO HOLD OFF ON FUKUSHIMA DUMP INTO SEA
China said Japan is acting recklessly after its decision to release cooling water laced with toxic tritium from storage tanks at the disabled Fukushima Nuclear Power Plant—and said an outside body should have input because it affects the entire ocean.
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TOP TREND 2023, AI WE OWN YOU: 90 PERCENT OF ONLINE CONTENT WILL LIKELY BE GENERATED BY ARTIFICIAL INTELLIGENCE BY 2025
A top Artificial-Intelligence researcher said last week that about 90 percent of the online content consumed by the public will likely be produced by AI by 2025 due to breakthroughs in the technology.
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GET FAT, GET SICK: FAST FOOD CONSUMPTION CAN BRING ON NON-ALCOHOLIC FATTY LIVER DISEASE
Individuals who routinely eat fast food are at higher risk of developing non-alcoholic fatty liver disease, which can be fatal, according to a new study conducted by the University of Southern California.
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SPOTLIGHT: NEW WORLD DISORDER, TOP TREND OF 2020 KEEPS SPREADING
For the second time in two weeks, well over 100,000 people took to the streets across Israel to lash out at what they see as a historic crackdown on individual liberties by Prime Minister Benjamin Netanyahu’s hardline government.
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TOP TREND 2023, MIDDLE EAST MELTDOWN: ISRAEL, US RAMP UP WAR WITH IRAN
Washington and Israel are sending a clear message to Iran, get ready for war.
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RAMPING UP WWIII: BRAZIL’S LULA AIMS TO UPGRADE MILITARY TO BE ‘PREPARED’ FOR WAR
Luiz Inacio Lula da Silva, Brazil’s new president, announced last week that one of his top objectives is to build up his country’s military so it becomes “respected” on the world stage.
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UN RESOLUTION: ISRAEL FACES INTERNATIONAL CONDEMNATION FOR PUNISHING PALESTINIANS
More than 90 countries signed a statement last week condemning Israel’s decision to punish Palestine after the United Nations General Assembly approved a resolution asking the International Court of Justice to recommend legal consequences tied to Israel’s 55-year-old occupation and annexation of Palestinian territories.