Barcelona: Protests against mass tourism
News

Barcelona: Protests against mass tourism

Barcelona, ​​Spain – Tensions between residents and tourists in Barcelona reached boiling point this weekend. Protests against mass tourism saw hotel and restaurant entrances blocked in Barceloneta, with calls for an immediate reduction in visitor numbers. Reasons for discontent Residents blame the influx of tourists for the rising cost of living, crowded public spaces and a loss of local identity. Rent prices have skyrocketed, forcing many residents to abandon their neighborhoods. Measures to address the problem Barcelona Mayor Jaume Collboni has announced that Airbnb-style short-term rentals will be banned by 2028, potentially freeing up 10,000 apartments for long-term rentals. Change of feeling While most residents still see tourism as economically beneficial, many are now concerned ab...
China Inflation Cools Further as Deflation Fears Rise
Business

China Inflation Cools Further as Deflation Fears Rise

China's consumer inflation continued its downward trend in June, rising just 0.2% year-on-year, according to data released Wednesday. That was lower than analysts' expectations and adds to concerns about potential deflation in the world's second-largest economy. A Reuters poll had forecast a 0.4% rise in consumer prices in June. Meanwhile, the producer price index, which tracks factory-gate inflation, fell 0.8% from a year earlier, in line with forecasts. This subdued inflation is in stark contrast to the situation in many other countries struggling with rising prices. Weak domestic demand in China appears to be the main culprit. “The risk of deflation has not disappeared,” noted Zhiwei Zhang, chief economist at Pinpoint Asset Management, who pointed to sluggish domestic consumption as a ...
Trump-Influenced RNC Platform Emphasizes Social Security, Medicare, Softens Language on Abortion
News

Trump-Influenced RNC Platform Emphasizes Social Security, Medicare, Softens Language on Abortion

On Monday, the Republican National Committee (RNC) adopted a new platform, heavily influenced by former President Donald Trump. The revised platform introduces significant changes to previous GOP positions on marriage and abortion, while making ambitious economic promises. Key economic commitments include ending inflation, transforming the United States into a manufacturing powerhouse, and implementing deep tax cuts for workers. The platform aligns with Trump's pledges to maintain funding for Social Security and Medicare, two widely supported but expensive government programs. The new 16-page platform, much shorter than those from the 2016 and 2020 cycles, passed by a vote of 84 to 18, according to a person familiar with the proceedings. It reflects a shift toward Trump’s populis...
Sun Valley Summit: Tech, Media Giants Gather to Discuss Streaming Strategy
Business

Sun Valley Summit: Tech, Media Giants Gather to Discuss Streaming Strategy

This week, media and tech giants will gather in Sun Valley to discuss the future of streaming and explore potential strategic alliances. Allen & Co.’s annual conference, known as “billionaires’ summer camp,” kicks off Tuesday at a ski lodge in Idaho. Since 1983, the event has been the birthplace of major media deals and a space for industry leaders to discuss the future of their businesses and the broader economy. The guest list for Sun Valley includes media leaders like Warner Bros. Discovery’s David Zaslav; Disney’s Bob Iger and his potential successors Dana Walden, Alan Bergman, Josh D’Amaro and Hugh Johnston; as well as Netflix co-CEOs Ted Sarandos and Greg Peters; along with tech titans like Amazon’s Andy Jassy and Jeff Bezos; and Apple CEO Tim Cook. While these moguls are regular gu...
The Five Women Who Founded a Clandestine Theatre Society
Enterteniment

The Five Women Who Founded a Clandestine Theatre Society

It was their private club. Five women who collaborated at the Public Theater, who met to drink and dream, to share frustrations and ideas, to commiserate, to brainstorm and laugh together. They coined their alliance "Women and Ambition," a cheeky nod to the fact that "ambitious" still had a strong connotation for young women. Their meeting at Public in the mid-2010s proved more than just a fond memory: each has now become an empowered leader in a field desperately in need of fresh inspiration. “These women changed the course of my life,” said Maria Goyanes, now artistic director of the Woolly Mammoth Theatre in Washington. Lear deBessonet, who runs the long-running Encores! series at New York City Center, recalled the sentiment: "There was a mutual recognition: 'I see you, girl. I see you...
What does the future hold for France after these unexpected elections?
World

What does the future hold for France after these unexpected elections?

Instead of bringing clarity, the snap election called by French President Emmanuel Macron has created a complex situation that could take months to unravel. The snap election, intended to secure a stronger mandate for Macron’s government, has instead led to a fragmented political landscape, with no party securing a clear majority. The French electorate delivered a mixed verdict, resulting in a stalemated parliament where alliances and coalitions will be crucial to governance. Macron's party, La République En Marche!, fell short of the majority needed to pass the legislation smoothly. This result forces Macron to negotiate with other parties, which could dilute his political agenda and slow down legislative processes. The main opposition parties, including the conservative Les Rép...
LeBron Responds to Bronny’s Criticism After Lakers’ Summer League Open
Sports

LeBron Responds to Bronny’s Criticism After Lakers’ Summer League Open

Emmanuel Acho, Joy Taylor, LeSean McCoy and James Jones delve into the latest sports news, focusing on Bronny James’ NBA Summer League debut and LeBron James’ reaction to criticism of his son. Bronny James, the eldest son of NBA superstar LeBron James, recently made his highly anticipated NBA Summer League debut with the Los Angeles Lakers. The debut has been a hot topic in the sports world, with many analysts and fans eager to see how the young prospect will perform on such a big stage. However, the excitement was quickly met with a wave of criticism, as some critics were quick to point out perceived flaws in Bronny's game. LeBron James, known not only for his prowess on the court but also for his vocal support of his family, has not remained silent in the face of this criticism...
Boeing admits guilt in criminal fraud linked to 737 Max disaster
News

Boeing admits guilt in criminal fraud linked to 737 Max disaster

Boeing has agreed to plead guilty to a criminal fraud charge linked to the tragic 737 Max crashes, the Justice Department announced Sunday. This comes months after U.S. prosecutors accused the aerospace giant of violating a 2021 settlement that had previously shielded it from criminal prosecution. As part of the settlement, Boeing will pay a $243.6 million fine and appoint an independent compliance monitor for a three-year probationary period. Boeing also is required to invest at least $455 million in compliance and safety programs, according to a U.S. Attorney's Court filing Sunday night. The settlement agreement awaits approval from a federal judge to go into effect. The agreement also calls for Boeing's board of directors to meet with the families of the crash victims. Boeing faced a d...
GlobalFoundries Seeks Talent Amid Growing Chip Demand
Business

GlobalFoundries Seeks Talent Amid Growing Chip Demand

The semiconductor industry is actively seeking workers in a competitive labor market, driven by growing demand for talent and the need for funding from the CHIPS and Science Act, which aims to stimulate domestic manufacturing. The U.S. economy is expected to face a shortage of about one million workers by 2030, as generative AI further fuels demand in the industry. A 2023 study by the Semiconductor Industry Association predicts a shortage of 67,000 computer scientists, engineers, and technicians in the U.S. chip industry by 2030, while the entire U.S. economy is projected to face a gap of 1.4 million such workers. A separate study by Deloitte suggests that the talent shortage in the semiconductor industry could worsen due to the global economic climate and ongoing supply chain issues. Glo...
New York Times Editorial Board Urges Biden to Drop Out of Presidential Race
News

New York Times Editorial Board Urges Biden to Drop Out of Presidential Race

The New York Times editorial board on Friday called on President Joe Biden to withdraw from the presidential race against Donald Trump, citing his poor performance in the debate the night before. “The president appeared on Thursday night as a shadow of a once-great public servant,” the Times editorial said. “He struggled to articulate what he would accomplish in a second term. He struggled to respond to Trump’s provocations. He struggled to hold Trump accountable for his lies, his failures and his chilling plans. More than once, he struggled to finish a sentence.” “Biden has claimed that he is the candidate best positioned to confront and defeat this threat of tyranny. His argument is based largely on his victory over Trump in 2020,” the editorial continues. “That is no longer a sufficien...