U.S. Household Wealth Rose Before the Pandemic, but Inequality Persisted

A Federal Reserve survey of family finances shows that inequality was high last year. It’s likely to worsen because of the pandemic. By Jeanna Smialek Families were making gains in income and net worth in the three years leading up to the pandemic, according to Federal Reserve data released on Monday, but wealth inequality remained stubbornly high. Median household net […]

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China vs India: Beijing fears Indian soldiers who crossed border could ‘fire on positions’

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. Despite multiple rounds of high-level military talks aimed at brokering a deal to de-escalate the situation, both countries remain locked in a bitter dispute. In the latest escalation of the ongoing conflict, Indian soldiers near the Pangong […]

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Opinion | In Praise of PBS, a True Democratic Institution

NASHVILLE — On Oct. 4, 1970, the Public Broadcasting Service entered the airwaves with an episode of “The French Chef.” I was not quite 9, too young for Julia Child and too old for “Sesame Street.” PBS became the television constant of my life anyway. I was still a child when I watched “The Six Wives of Henry VIII” on […]

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Bets are off at Las Vegas casinos

The chips are down for the casino business at the world-renowned Las Vegas Strip. Gambling revenue has dropped about 40 per cent so far this year and a turnaround is nowhere in sight. Some hotels are even offering rock-bottom rates – US$10 (S$14) a night and yet there are few takers. So how bad is the business now? At a […]

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International Buyers Give Milan Fashion Week the Thumbs Up

MILAN — Milan Fashion Week — with its mix of physical shows and presentations and digital events — went off smoothly, sending out a positive message of industry “restart” despite the restrictions and difficulties that continue as a result of the global pandemic. “Milan Fashion Week has been a very well-organized event during this unprecedented time,” said Tiffany Hsu, Mytheresa […]

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Greece says first migrant dies of COVID-19 since the pandemic

FILE PHOTO: A man wearing a protective suit and a face mask exits the Malakasa migrant camp after authorities found a coronavirus case and placed the camp under quarantine, following the outbreak of coronavirus disease (COVID-19), in Malakasa, Greece, April 5, 2020. REUTERS/Alkis Konstantinidis/File PhotoATHENS (Reuters) – A male migrant died of COVID-19 on Sunday, the first reported death of […]

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