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CNBC
2023-07-18 15:05:33 - Translate -

How Empty Offices Become Apartments In The U.S.

Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast.

#CNBC #news #breakingnews #offices #apartments #emptyoffices #realestate #remotework #cities #office #developers #buildings #usa #mayors #city #gentrification

How Empty Offices Become Apartments In The U.S. Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast. #CNBC #news #breakingnews #offices #apartments #emptyoffices #realestate #remotework #cities #office #developers #buildings #usa #mayors #city #gentrification

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Fox News
2023-06-28 14:30:17 - Translate -

This shows how much the pandemic #broke society: Failla

'Fox Across America' host Jimmy Failla weighs in on a recent report showing bosses are pushing to get hybrid employees into the office on Mondays. He also reacts to Elon Musk's mom 'canceling' the fight with Mark Zuckerberg. #FoxNews

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This shows how much the pandemic #broke society: Failla 'Fox Across America' host Jimmy Failla weighs in on a recent report showing bosses are pushing to get hybrid employees into the office on Mondays. He also reacts to Elon Musk's mom 'canceling' the fight with Mark Zuckerberg. #FoxNews #news #breakingnews #pandemic #society #fox #exclusive #videos

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CNBC
2023-06-20 17:12:22 - Translate -

Why More And More Colleges Are Closing Down Across America

The mid-2010's saw an uptick in U.S. college closures—particularly in the private nonprofit space.
Since 2016, 91 U.S. private colleges have either closed, merged with another school, or announced plans to close according to a CNBC analysis of data from Higher Ed Dive. This trend is affecting tens of thousands of college students across the country, with almost half of those schools closing after the onset of the pandemic in 2020. For many struggling schools the pandemic was the final straw—but two major themes showed up consistently throughout the closures: finances and enrollment.

"There are two significant issues affecting higher education right now," said The Princeton Review's Editor-in-Chief Robert Franek. "Specifically, through the admission and enrollment offices. Number one, it is the admission cliff, and that is the impending decline. We'll be graduating our lowest high school classes by population in 2025. And most enrollment professionals have been wringing their hands about this date of 2025, but many schools have seen those enrollment declines already."
About 95% of U.S. colleges rely on tuition, according to Franek, meaning they rely on money from students to operate. Dwindling enrollment numbers mean less money, fewer student offerings, and eventually a shuttered institution.

"It's a reflection of, I think, an unsustainable operating platform, meaning a heavy reliance on tuition, which can't always keep up with inflation," said Fitch Ratings Senior Director Emily Wadhwani.

"It can't always keep up with erosion in enrollment. We can't keep hiking tuition sticker price in the hopes that the net residual once you account for scholarship and discounting and the like is gonna be enough to sort of offset your growing expense base."

#cnbc #closing #acrossamerica #erosion #hikingsticker #inthehopes #colleges #americaneducation #tuition

Why More And More Colleges Are Closing Down Across America The mid-2010's saw an uptick in U.S. college closures—particularly in the private nonprofit space. Since 2016, 91 U.S. private colleges have either closed, merged with another school, or announced plans to close according to a CNBC analysis of data from Higher Ed Dive. This trend is affecting tens of thousands of college students across the country, with almost half of those schools closing after the onset of the pandemic in 2020. For many struggling schools the pandemic was the final straw—but two major themes showed up consistently throughout the closures: finances and enrollment. "There are two significant issues affecting higher education right now," said The Princeton Review's Editor-in-Chief Robert Franek. "Specifically, through the admission and enrollment offices. Number one, it is the admission cliff, and that is the impending decline. We'll be graduating our lowest high school classes by population in 2025. And most enrollment professionals have been wringing their hands about this date of 2025, but many schools have seen those enrollment declines already." About 95% of U.S. colleges rely on tuition, according to Franek, meaning they rely on money from students to operate. Dwindling enrollment numbers mean less money, fewer student offerings, and eventually a shuttered institution. "It's a reflection of, I think, an unsustainable operating platform, meaning a heavy reliance on tuition, which can't always keep up with inflation," said Fitch Ratings Senior Director Emily Wadhwani. "It can't always keep up with erosion in enrollment. We can't keep hiking tuition sticker price in the hopes that the net residual once you account for scholarship and discounting and the like is gonna be enough to sort of offset your growing expense base." #cnbc #closing #acrossamerica #erosion #hikingsticker #inthehopes #colleges #americaneducation #tuition

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BBC News
2023-05-31 00:06:15 - Translate -

AI could lead to extinction, experts warn – BBC News

Artificial intelligence (AI) could lead to the extinction of humanity, experts - including the heads of OpenAI and Google Deepmind - have warned.

Dozens have supported a statement published on the webpage of the Centre for AI Safety.

"Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war" it reads.

But others in the field have said the fears about AI are overblown.

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#ArtificialIntelligence #AI #BBCNews #news #breakingnews #extinction #humanity #openai #deepmind #goodle

AI could lead to extinction, experts warn – BBC News Artificial intelligence (AI) could lead to the extinction of humanity, experts - including the heads of OpenAI and Google Deepmind - have warned. Dozens have supported a statement published on the webpage of the Centre for AI Safety. "Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war" it reads. But others in the field have said the fears about AI are overblown. Please subscribe here: http://bit.ly/1rbfUog #ArtificialIntelligence #AI #BBCNews #news #breakingnews #extinction #humanity #openai #deepmind #goodle

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The New York Times
2023-05-18 08:37:30 - Translate -

What’s Next for Migrants Seeking Asylum After Title 42

Antonio and his family have been living in a Tijuana shelter for months after fleeing violence in the Mexican state of Michoacan in 2020.

After months of trying, they secured an appointment to seek asylum in the United States and will be some of the first to be processed after the lifting of Title 42, a pandemic-era policy.

#nyt #news #newyorktimes #migrants #journalist #title45 #tijuana #aslyum

What’s Next for Migrants Seeking Asylum After Title 42 Antonio and his family have been living in a Tijuana shelter for months after fleeing violence in the Mexican state of Michoacan in 2020. After months of trying, they secured an appointment to seek asylum in the United States and will be some of the first to be processed after the lifting of Title 42, a pandemic-era policy. #nyt #news #newyorktimes #migrants #journalist #title45 #tijuana #aslyum

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CNBC
2023-05-18 08:28:42 - Translate -

How The U.S. Is Stalling A Recession

Wall Street investors remain braced for a recession. But a turndown hasn't yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy.

It's remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life.

#cnbc #recession #consumers #americans #news #savings #pandemic #debtceiling #demand

How The U.S. Is Stalling A Recession Wall Street investors remain braced for a recession. But a turndown hasn't yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy. It's remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life. #cnbc #recession #consumers #americans #news #savings #pandemic #debtceiling #demand

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