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ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. One summer day in 2017, a front-page story in the StarNews of Wilmington, North Carolina, shook up the lives of hundreds of thousands of people. The drinking water system, it said, was polluted with a contaminant commonly known as GenX, part of the family of “forever” PFAS chemicals. It came from a Chemours plant in Fayetteville, near the winding Cape Fear River. Few knew about the contaminated water until the article described the discoveries of scientists from the…
HANNAH BATES: Welcome to HBR On Leadership, case studies and conversations with the world’s top business and management experts—hand-selected to help you unlock the best in those around you. When a CEO steps down, it can trigger a domino effect of chaos. Boards—often caught off guard—have to jumpstart the search for a successor. And in the process, they sometimes exclude the departing CEO from the search or transition—leading to a loss of institutional knowledge and broken trust. But it doesn’t have to be this way. Leadership advisors Rebecca Slan Jerusalim and Navio Kwok say the relationship between a board and CEO…
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. This article is co-published with The Texas Newsroom and The Texas Tribune as part of an initiative to report on how power is wielded in Texas. Reporting Highlights Winning Record: In the Texas Capitol, where the vast majority of bills fail to pass, all but three of Elon Musk’s public priorities became law this legislative session. Company Gains: Musk’s wins include laws that will benefit companies like SpaceX and Tesla. Playing the Long Game: Musk has steadily invested…
On Wednesday, February 3, 2010, a sign was displayed from the branch of Banco Santander, London, UK.Simon Dawson | Bloomberg via Getty ImagesIn one move, Santander silenced months of speculation about his loyalty to the UK’s High Street. And it complicated the year-long consolidation Saga in the Spanish banking sector.On Tuesday, Spain’s biggest lender said it had agreed to buy the UK’s high street lender TSB from Sabadell, Catalonia, for £2.65 billion ($3.6 billion). The transaction will generate more than 20% return on investment capital and raise the UK’s tangible stock profit margin to 16% by 2028 from 11% last…
Chinese electric car company Xpeng will be exhibiting its mass market Mona M03 coupe on August 26, 2024 in its head office showroom in Guangzhou, China.CNBC | Evelyn ChengBEIJING – Chinese electric vehicle startup XPENG is maintaining sales momentum towards its rivals despite BYD expanding its market advantage amid a fierce price war in China.Xpeng said Tuesday it delivered 34,611 vehicles in June.Shares rose more than 2% in New York trading. Xpeng did not specify the delivery portion of the advanced driver assisted cars or the low-cost Mona brand.China’s electric car price war has intensified in recent weeks, attracting criticism…
Important takeouts: Home insurance covers damage to your home and personal property due to unexpected events. Home Warranty covers repairs and replacement of appliances and systems due to normal wear and tear. We highly recommend having both home insurance and home insurance, but only home insurance is required. While many assume it’s the same, there are some important differences between home insurance and home insurance. Whether you browse Redfin to buy a home in Cincinnati, Ohio, repair a rental house in Nashville, Tennessee, or do research before moving out your Seattle, Washington apartment, familiarity with these conditions will ensure your…
If you’ve ever bought a house or thought about investing in real estate, you’ve probably heard the term “thank you” thrown away. But what is real estate appreciation? A real estate valuation is the increase in the value of a real estate over time. This can result from market trends, economic changes, or property improvements, and real estate investments build wealth in a critical way. Whether you’re buying your first home in Phoenix, Arizona, selling a condo in Tampa, Florida, or making future investments, understanding how gratitude works can help you make smarter financial decisions. What is real estate appreciation?…
In 2007, Eliezer Yudkowsky wrote an interesting article advocating that he presented “ignoring data.” The idea was pretty simple – say you have a sub-sub theory that explains how the world works. New research is published using data that is not accessible in a theoretical framework. How should I answer? One response is to abandon the theory in favour of new data. Another response is to leave your theory alone, and as Yudkowsky puts it, “attacks the experiment – condemning references to inconsistencies, defective designs, or conflicts of interest.” But A is the third possibility – simply ignoring the data.…
Seller’s credit, also known as the seller’s concession, is a financial agreement in which the home seller agrees to cover some of the buyer’s closing costs. Sellers will provide credits at closing to reduce the buyer’s upfront costs, rather than lowering the price of the house. This strategy can make more affordable and attractive homes more attractive, especially in competitive markets like Austin and Atlanta. This Redfin guide explains how seller credits work, when to use them, and what to pay attention to during negotiations. What is Seller’s Credit? Seller’s credit is money that the seller agrees to contribute to…
With home prices rising on another record and steadily rising, more people are teaming up to buy a home, whether couples, friends, siblings, or even adults children and parents. Communism is becoming more common, but it raises an important question: how many people can actually be on a mortgage? Quick answer: There is no legal limit on the number of people who can take part in a mortgage, but most lenders allow up to four. This is because a standard underwriting system can only handle four applicants, and usually requires manual review. Even if you are co-purchasing a townhome…