Share to Twitter Share to Linkedin Average Credit Card Interest Rates Have Topped 20% Rising interest rates have pushed the annual percentage rates on credit cards to new highs. The average annual percentage rate on a new credit card is now more than 20%, according to LendingTree’s tracker. It’s the first time that rates have topped 20% since the tracker began in 2018. And rates are poised to go even higher across the board. Credit card balances reached $841 billion in the first three months of the year, according to a report from the Federal Reserve Bank of New York. In the same timeframe, 229 million people opened new credit card accounts, an increase from the previous quarter. [ CNBC ] Inflation Causing 85% Of Americans to Adjust Their Essential Purchases You don’t have to follow the news to know inflation is raging. Inflation in May 2022 was up 8.6% from the past twelve months. A quarter of respondents selected that they only have a little … [Read more...] about This Week In Credit Card News: Average Card Interest Rate Tops 20%; Inflation Wrecking Personal Budgets
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Share to Twitter Share to Linkedin The number of undergraduates earning a college credential increased in academic year 2020–21, according to a new report by the National Student Clearinghouse Research Center (NSCRC). Last year, a total of 3.7 million undergraduate students earned a credential - either a certificate, an Associate’s degree or a Bachelor’s degree - representing an increase of 1.1%, equal to about 39,000 students, over the prior year. The growth was led by non-first-time graduates earning what are called “stacked credentials,” which are certificates or degrees that are earned as part of an educational sequence where a student adds or embeds a shorter term credential with another degree thereby boosting their overall degree attainment. Stacked-credential earners increased by 3.9%, or about 37,800 students, the largest one-year growth since 2012 (+3.9%). The number of students earning their first undergraduate credential was stable … [Read more...] about The Number Of Undergraduates Earning College Degrees Increased Last Year, According To New Report
Share to Twitter Share to Linkedin Topline Covid-19 vaccines saved almost 20 million lives worldwide during the first year they were rolled out, according to a mathematical modeling study published in the Lancet Infectious Diseases on Thursday, which found vaccines cut the potential global death toll from the coronavirus in half during that year. Key Facts Vaccines prevented 19.8 million out of a potential 31.4 million deaths during the first year after vaccines were first introduced in December 2020 to December 2021, according to the study, which reviewed Covid death records and excess death data from 185 countries and territories. Vaccines saved the most lives in high and upper-middle income countries, where researchers estimated increased access to vaccines prevented 12.1 million deaths. The study shows the “remarkable global impact” vaccination had on the pandemic, said Oliver Watson, lead author of the study and Schmidt science … [Read more...] about Vaccines Prevented Nearly 20 Million Covid Deaths Worldwide In One Year, Study Finds
The whole world watched the Johnny Depp-Amber Heard trial closely. Some people who went to the highly-publicised Johnny Depp vs Amber Heard defamation trial in Fairfax County, Virginia are selling their wristbands online on auction sites for as much as $5,000. The paper wristbands were distributed at the courthouse as a crowd control measure that was attended by fans of the actors, particularly of Depp. The bands aren’t of course special. They are colour-coded paper wristbands and just stamped with the date of entry. Yet the memorabilia from the spectacle of a trial is being put up for big buck on sites like eBay. “This is a piece of celebrity culture history,” wrote one seller, who started the bidding for his blue trial day 20 wristband at $4,999 (£3,998). He went on to describe the condition of the wristband in detail: “The wristband has been cut so I could remove it from my wrist, you cannot reattach it without using glue or tape; but I figure this would be better … [Read more...] about Johnny Depp vs Amber Heard trial court wristbands on sale online for $5,000
High inflation and worries about economic contraction are stunting the markets but proving to be catalysts for growth in one area: an interest in striking and unionizing. advertisement advertisement The number of strikes between January and May 2022 is double that of last year, according to data from the Cornell-ILR Labor Action Tracker , a database that tracks labor protest activity across the U.S. During that time frame, there were 153 strikes around the country comprising 73,500 workers, compared to 78 strikes involving 22,500 workers between the same months in 2021, according to Johnnie Kallas, a former labor organizer and the director of the ILR Labor Action Tracker. The increase in strike activity appears to be moving in lockstep with a sudden push in unionization among American workers, too. Recently, workers have voted to form unions at Amazon warehouses , Starbucks cafés , and Apple stores . Some Google employees unionized last … [Read more...] about Labor strikes have doubled in the past year. Is high inflation part of the reason?
Share to Twitter Share to Linkedin NFT.NYC Week has arrived in New York City, hitting the streets harder than it has ever had - in its four years of existence. Tech-focused events have brought the fintech community to the big apple, and surprisingly that includes the fashion industry. The larger conferences and discussions around NFTs, cryptocurrency, and Web3 are where the fashion industry is attempting to claim its stake in the metaverse. Among the many events that take place, fashion brands and industry people gather in real life to dissect and understand the relationship between NFTs, Web3, and how the fashion world will - or is - existing in the metaverse. High-end, streetwear, and footwear brands all share the stage in hosting events around fashion design, Web3 worlds, and NFT art, polishing a luster and allure that fashion has garnered over generations. In the spirit of any other fashion week, plenty of parties and events can fill a schedule … [Read more...] about Is NFT.NYC Week The New Fashion Week?
Share to Twitter Share to Linkedin 79 Bittycoins worth of party goods Day 5. On Saturday morning, I get to start the day with breakfast and coffee for the first time this week, thanks to the bottle of “Stumptown cold brew” and “organic Superfood oat-based cereal” that I bought the day before at an artisanal grocery store that now accepts Bitcoin. Even though my boyfriend says my oat-based cereal “looks like puke” after I add water to it per the directions, it is glorious to be able to have a morning meal. It’s also glorious that Bitcoin’s value is back on the rise; it went from a $96 USD valuation Friday night to $114. At 11 a.m., I meet Jeff Anderson at a coffee place around the corner from my home (that I must vacate on Sunday due to my landlord not accepting Bitcoin as rent). Anderson, 30, started Blue Plate Wines in 2010 along with two friends. They are the first winemakers to accept BTC for their product. I bought mine online for .2375 … [Read more...] about Living On Bitcoin For A Week: Birthday Bittycoins
Share to Twitter Share to Linkedin Within weeks driverless electric freight transport trucks may be traveling on public roads in western Tennessee—the first time such a vehicle has been granted permission to do so in the U.S. This latest development in the logistics industry comes after Swedish freight technology company Einride was granted a permit by the National Highway Traffic Safety Administration for a public road pilot project. The Einride autonomous electric transport (AET) called a Pod, operates without a driver and does not even have a space for one. It is monitored by a specially-trained remote driver who can take control if necessary. The public road pilot is being run in conjunction with Einride client GE Appliances , a Haier company. Pods will operate on public roads in mixed traffic near GE Appliances's Tennessee plant east of Memphis, performing a number of tasks including movement of goods and coordinating with teams at various … [Read more...] about Einride Gets Go-Ahead For Driverless Electric Trucks On Public Roads
- A + A KUALA LUMPUR (June 24): Radiant Globaltech Bhd is optimistic about expanding its customer base and sales of digitalisation solutions to the retail, industrial and food and beverages (F&B) sectors, benefiting from the strong demand for technology adoption in Malaysia and the Southeast Asia region. The integrated technology solutions provider said the group’s retail clientele includes major hypermarkets, supermarkets, convenience stores, departmental stores and pharmacies, while its industrial clientele includes fast-moving consumer goods players and manufacturing companies. The group’s F&B clientele comprises various types of F&B operations, such as quick- and full-service restaurants, chains and franchises, as well as cafes and kiosks, it said in a statement on Friday (June 24). As pandemic restrictions were lifted, the group saw increased activities across various sectors in Malaysia, and in its regional markets of Thailand, Vietnam, and … [Read more...] about Radiant Globaltech optimistic on expansion
On May 28, the Narcotics Control Bureau (NCB) said it had unearthed a heroin trafficking network with the arrest of eight people and seizure of about 35 kg of narcotics. In February, the apex agency for drug law enforcement arrested 22 suspects, including software engineers, a financial analyst, an MBA graduate and one of its personnel. With that drug bust, it claimed to have uncovered a pan-India trafficking ring that used the darknet, or anonymous proxy networks, and cryptocurrency to traffic narcotic substances. READ | Gujarat: 56 kg of cocaine, worth Rs 500 crore, seized from container near Mundra port The federal anti-drug agency has been in the news recently not just for high-profile cases, but also a spike in narcotic seizures. Call it effective enforcement or increase in drug consumption, there has been an exponential rise in seizures. The NCB registered 684 cases in 2021 and 245 until May this year compared to 412 cases in 2020. Compared to 343 kg of heroin … [Read more...] about India’s top narcotics cop: Drug trafficking and use have increased significantly