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This isn't Shannon Newton's first road trip. The president of the Arkansas Trucking Association has experienced many ups and downs during her career leading and working in the transportation industry. Economists and trucking company executives are calling the current industry situation a “freight recession,” which is causing periodic adjustments for companies across the nation's supply chain. “It's a lot like a recession and a recession,” Newton said of the freight downturn. “I think we defined it as a contraction in demand over some kind of measurable period of time. The industry numbers show that demand has contracted for two consecutive…
They say money can't buy happiness, but if eternal youth is happiness, then wealthy Los Angeles entrepreneur Brian Johnson might actually be doing it. The 45-year-old is obsessed with the idea of staying young forever and has no qualms about spending big bucks to achieve it. As a result, the 45-year-old plans to spend more than Rs 16 billion in just one year on various procedures and tests to look younger. His pelvic floor muscles can be strengthened with electromagnetic pulses, and he also has a device that counts the number of erections he has each night.His business Braintree was…
The UAE's national oil company had access to email exchanges with the COP28 climate summit secretariat and had been consulted on how to respond to media inquiries, the Guardian can reveal.The UAE is hosting the United Nations climate summit in November, with COP28 chaired by Sultan Al Jaber, who is also the chief executive of the Abu Dhabi National Oil Company (ADNOC). Lawmakers have called the revelations “shocking” and a “scandal”.The COP28 office had maintained that its email system was “independent” and “separate” from ADNOC's system. But an expert technical analysis found that the office shared an email server with…
For American families, the unequal distribution of wealth affects children as they grow up. How does this unbalanced economy enable the wealthy to succeed for generations, while driving others into poverty for generations?Income inequality is widening in the United States, and the gap between the richest 1 percent of Americans and the majority of earners is now at an unprecedented level. There are many factors that contribute to widening disparities (race and gender, to name a few), but the environment in which we were raised has the biggest influence, for better or for worse.According to a study by Harvard University's…
Reality star Eileen Major has announced that she has given birth to her ninth child with her oil tycoon husband, teasing that her family could be growing even more.The British-Cameroonian model, 43, married Canadian businessman Sam Mullin in 1998 and the couple live in Ingles Abbey, a vast 19th-century mansion in Kent. The mother-of-nine, who modeled nude for Playboy magazine during her last pregnancy, exclusively told FEMAIL that she gave birth to a baby boy, Oscar, 10 weeks ago.Irene said that choosing a Hollywood-inspired name for her son was an obvious choice for her.She joked, “They didn't give me the…
Prince Abdul Aziz bin Salman kept a relatively low profile for nearly two decades as part of Saudi Arabia's delegation to the Organization of the Petroleum Exporting Countries (OPEC), but he has risen to unwilling prominence since becoming the first royal to become the country's oil minister in 2019. Traders have recently taken to calling him “the prickly prince.” Prince Abdulaziz has actively managed Saudi oil policy, including starting an oil price war with Russia in 2020 and contributing to strained relations between the United States and Saudi Arabia last year, but he has also suffered from a tendency to…
A month ago, on the fourth day of Just Stop Oil's slow march campaign, the government announced Introducing new laws that will allow police to quell protests more quickly.Roadblock marches have continued every day since then, and yesterday report That means we will have to wait another month for the changes to become law. Will they make any difference? Currently, it takes about 15 minutes for police to intervene with demonstrators. That's all it takes to get the media attention they seek. All the while, Plod appears both weak in his standing idly by and perversely authoritarian in his contrived…
From “White Lotus'' to “Succession,'' TV dramas about the super-wealthy are in high demand. The characters in these shows are usually portrayed as entitled, empty, and sad. However, they are not necessarily portrayed as unintelligent. So, are rich people rich because they are smart? In the midst of a cost-of-living crisis, this question goes beyond scientific curiosity and touches on something deeper. If people's net worth were simply the result of their intelligence, the huge wealth disparities seen in our society might be perceived as less intolerable, at least for some people. not. Inequality will be the price the smartest…
Research Briefs are short excerpts about interesting academic research. big ideas Our new peer-reviewed research shows that in more than half of ultra-high-net-worth heterosexual couples (defined as couples in the top 1% of households), the man is the sole breadwinner, while the woman is not employed. . This is double the rate for less affluent heterosexual couples. Our findings are based on 30 years of data from the Federal Reserve Survey of Consumer Finances from 1989 to 2019. We focus on three different affluent groups defined by wealth percentile: the ultra-rich, the average rich, and the upper middle class, and…
correctionA previous version of this article incorrectly described Paul Hochmeyer's occupation. He is a family therapist, not a clinical psychologist. The article has been corrected.Succession, the HBO show about the relentless infighting, deceit and misfortune that spans generations of the Roy family in power, may be coming to an end. But these challenges remain very real for the ultra-wealthy and their successors, mental health experts say.While there are obvious upsides to a life born into great wealth, the possibility of inheriting unimaginable amounts of money can strain relationships, erode self-confidence, and lead to near-permanent dependence. condition, say therapists and wealth…