Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
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Congress has a deal to fund the government and not much time to pass it
Comment on this storyComment Add to your saved stories Save Congressional leaders reached a $1.66 trillion agreement Sunday to finance the federal government in 2024, preserving funding for key domestic and social safety net programs despite GOP demands to cut the budget. Now lawmakers are up against a stiff deadline to pass legislation to codify…
Remote Work Culture: Lessons from Countries That Mastered It Early
When the pandemic forced much of the world into remote work, many businesses scrambled to adopt policies, tools, and cultural shifts that could support employees outside the office. But for some countries, this wasn’t new territory. They had already experimented with flexible work arrangements, digital infrastructure, and employee well-being programs long before 2020. Now, as…
Here’s how New York City is planning to spend $15 billion raised from a new congestion pricing toll
New York City is months away from introducing the first zone-based tolling program in the U.S. The project, which begins in the spring of 2024, will increase the tolls drivers pay to enter points of Manhattan south of 60th Street. The final price of the toll is not yet determined. People close to the process…
Ignacio E. Lozano Jr., longtime La Opinión publisher, dies at 96
Ignacio E. Lozano Jr. loved to tell the story about arriving in Los Angeles in 1948 from the University of Notre Dame with a journalism degree, taking a look at his family’s business — and immediately fearing it was doomed. His father, Ignacio E. Lozano Sr., was a pioneering publisher who founded a Spanish-language daily…
The Invisible Economy: Businesses You Rely on Every Day but Never Notice
Most people can easily name the brands they interact with daily—streaming platforms, online retailers, food delivery apps, banks. What’s far less visible are the businesses that make all of those experiences possible. Behind every smooth transaction, fast delivery, or seamless digital interaction sits an invisible layer of companies that rarely face consumers directly but quietly…
World Economic Forum ditches Greta Thunberg for Sam Altman in push toward AI: sources
Goodbye, Greta – and hello, Sam. Those flying into next week’s World Economic Forum in Davos, Switzerland are quietly rejoicing that climate activist Greta Thunberg – a notable fixture at the conference in recent years – isn’t expected to make an appearance this time around, sources told On The Money. Instead, OpenAI boss Sam Altman…
