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New research from MIT Sloan reveals first sustained reversal of rising earnings inequality in three decades

CAMBRIDGE, Mass., Oct. 5, 2022 /TFI/ -- Income inequality in the U.S. has stubbornly grown since 1980, hardening class divides, restraining upward economic mobility, and stalling progress on closing the black-white racial wage gap. Traditionally, rising inequality has been hard to reverse since it's driven by structural trends like occupational polarization—a drop in middle skill jobs like construction and manufacturing—and labor union decline, which has removed collective bargaining constraints on wage inequality.

 

DUBAI, UAEOct. 3, 2022 /FYI/ -- Dubai is preparing to become the world's digital hub this month. When the UAE hosted the world's largest technology expo, Jaime Tex. GITEX GLOBAL brings together the most advanced companies and elite individuals to delve deeper into building a web 3.0 economy.

 

 

 

Bank of America Introduces Community Affordable Loan Solution™ to Expand Homeownership Opportunities in Black/African American and Hispanic-Latino Communities

CHARLOTTE, N.C., Aug. 30, 2022 /NYI/ -- Bank of America today announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers, which will be available in designated markets, including certain Black/African American and/or Hispanic-Latino neighborhoods in Charlotte, Dallas, Detroit, Los Angeles and Miami. The Community Affordable Loan Solution™ aims to help eligible individuals and families obtain an affordable loan to purchase a home.    

 

Doom or bloom? Luxury Packaging Expert, Robert Lockyer from Delta Global has his say on the future of luxury resale in China

LEICESTER, England, Aug. 25, 2022 /TFI/ -- The Chinese luxury resale market is set to be worth an impressive $33 billion by 2025 – a significant amount of growth expected in just three years, especially when compared to its current figure of $8 billion – but will it stay this way?

 

 

Economy Constrained by Competing Effects of Elevated Inflation and Strong Labor Market

 

 


The lawsuit was filed by Ivan Antonyuk and Gun Owners of America. In a quick response to the Supreme Court of the United States (SCOTUS) decision in New York State Rifle and Pistol Association v Bruen, the state of New York passed a comprehensive gun control law, CCIA, that will eviscerate 2nd Amendment civil rights in New York if enacted.

 

California housing affordability slides to lowest level in nearly 15 years in second-quarter 2022 as home prices set record highs and interest rates surge, C.A.R. reports

 

 

Call for Applications for Tech African Women program, by ECA in partnership with Betacube

ADDIS ABABA, Ethiopia, 05 August 2022 / NYI/ Africa / -- ECA (United Nations Economic Commission for Africa), in partnership with Betacube, has announced the launch of its first Tech African Women program, inviting female-led idea stage startups from Ethiopia, Senegal, Tanzania and Tunisia to submit their applications.

 

AUSTIN, Texas, Aug. 2, 2022 /NYI/ -- Bitcoin and other cryptocurrencies have been dubbed "digital gold," but how well do these assets compare to actual physical gold? U.S. Money Reserve, America's Gold Authority®, explores this and more.

CRYPTO GOES BROKE | GOLD REMAINS STRONG IN JULY 2022
The cryptocurrency market has lost almost $2 trillion in market capitalization since November 2021, according to data from CoinMarketCap. Crypto hedge fund Three Arrows Capital went from managing $10 billion in assets to filing for bankruptcy in the first half of

7 the year. Over roughly the same period, crypto lender Celsius went from managing over $25 billion in assets to managing only $167 million. Most who purchased and held cryptocurrencies during the last boom have seen their holdings drastically drop.

 

 

-- Apogem Capital ("Apogem") held a final close for PA Secondary Fund VI (the "Fund" or "PASF VI") on June 30, 2022, with approximately $614 million in total commitments. The Fund exceeded its target fund size of $500 million and more than doubled the size of its predecessor fund. Apoge.

NEW YORK, Aug. 15, 2022 /TFI/ -- Apogem Capital ("Apogem") held a final close for PA Secondary Fund VI (the "Fund" or "PASF VI") on June 30, 2022, with approximately $614 million in total commitments. The Fund exceeded its target fund size of $500 million and more than doubled the size of its predecessor fund. Apogem's Secondaries Team, implementing the same investment strategy, is continuing to build a diversified portfolio of complex and traditional growth, buyout and turnaround investments in the North American middle market through negotiated secondary market purchases.