Will the city that never sleeps ever wake up? Not according to James Altucher, a best-selling author and former hedge fund manager, who says that New York City is “dead… forever.” See full story.
Democrats to open convention like no other as Biden’s big party goes virtual
Forget the balloon-drops, backslapping and cheering crowds: this year’s Democratic National Convention, beginning Monday, will be an almost entirely virtual event, as the party faithful gather around computer screens and TVs to celebrate Joe Biden as their presidential nominee. See full story.
Did Warren Buffett just bet against the U.S. economy? His latest investment raises some questions
Warren Buffett has long been critical of gold as an investment, saying it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote that “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet. Is he having a change of heart? See full story.
U.S. is closing in on doing something it hasn’t done since World War II — borrowing more money than it raises
Amid the economic devastation wrought by the coronavirus pandemic, the U.S. government is nearing a fiscal milestone few expected: it will borrow as much or more this year than it raises in taxes and other revenues. See full story.
How meat plant COVID outbreaks revealed ‘devastating’ workplace conditions
A series of coronavirus flare-ups in food facilities has highlighted lax labor practices in the U.S., U.K. and Germany. See full story.
Ireland has also recorded one of the highest rates of COVID-related nursing-home deaths in the world, according to a report released in June. See full story.