In 2023, buying a home in California became increasingly unattainable for many, especially in major cities like San Jose and Los Angeles. A Harvard University study revealed that median home prices in these areas were up to 11 times higher than the average annual wages. The report highlighted a growing
A recent survey reveals that after initial pessimism during the plandemic and war, many Americans are now feeling more positive about their finances. The survey also highlights a significant decline in negative views on the country’s economic performance compared to previous years. Find out how these global crises have shaped
Explore a global phenomenon where countries are slashing corporate taxes to zero, creating havens that attract businesses worldwide. From remote Caribbean islands to secluded Pacific shores, these tax havens offer companies a rare opportunity: no corporate taxes, no income taxes, and often no capital gains taxes. But there’s a twist—some
Discover the surprising world of political paychecks with a breakdown of the top 10 highest-paid world leaders in 2024. From Singapore’s Prime Minister earning over $1.6 million with bonuses to Germany’s Ursula von der Leyen making $364,000 as the EU’s president, explore how these figures compare to CEO salaries and
In Kenya, ongoing protests against tax hikes have put the spotlight on the International Monetary Fund (IMF) and its controversial role in the country’s debt crisis. Demonstrators accuse the IMF of imposing harsh loan conditions that hurt the poor, while the government struggles with a massive debt inherited from previous
Saudi Arabia has warned it might sell off European debt if the G-7 seizes $300 billion in frozen Russian assets to support Ukraine. This threat highlights Saudi Arabia’s economic power and concerns that similar actions could target Gulf states in the future. The G-7, including the US and UK, supports
Hosting the Olympics, as seen with Paris 2024 and Los Angeles 2028, often sparks debates on its true economic impact. Despite grand promises, the Games frequently strain city budgets, leaving taxpayers to foot hefty bills. Everyone seems to like the Olympics. Every two years, people rally behind their country’s athletes
China has launched anti-dumping investigations into European Union imports of brandy and pork, escalating tensions following the EU’s imposition of provisional tariffs on Chinese electric vehicles. The investigations, targeting products from France, Spain, the Netherlands, and Denmark, are seen as China’s response to pressure EU members into dropping tariffs on
In early April, Zimbabwe launched a new currency called Zimbabwe Gold (ZiG), fully backed by gold and foreign reserves, aiming to replace the US dollar within two years. President Emmerson Mnangagwa announced this at an event, predicting ZiG’s nationwide acceptance soon. Backed by 100 tonnes of gold and $100 million
