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Economists See Few Monetary Policy Changes With Powell Leading Fed

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3 years ago

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Struggling to sell one multi-million dollar home currently on the market won’t stop actress and singer Jennifer Lopez from expanding her property collection. Lopez has reportedly added to her real estate holdings an eight-plus acre estate in Bel-Air anchored by a multi-level mansion.

The property, complete with a 30-seat screening room, a 100-seat amphitheater and a swimming pond with sandy beach and outdoor shower, was asking about $40 million, but J. Lo managed to make it hers for $28 million. As the Bronx native acquires a new home in California, she is trying to sell a gated compound.

Black farmers in the US’s South— faced with continued failure their efforts to run successful farms their launched a lawsuit claiming that “white racism” is to blame for their inability to the produce crop yields and on equivalent to that switched seeds.

What Will Be The Next Step to Complete?

The “new ’20s” idea might not work—there were a lot more young people in the United States then than now; a reprise of the world-changing inventions and discoveries of the 1920s would be a big surprise to those economists who believe that we have been in an invention dry spell since the 1970s. In his Businessweek piece, Peter Coy largely agrees, writing, “In all probability … the U.S. will continue to wrestle with ‘secular

These experts make strong cases, and they satisfy my natural instinct not to go there. But I remain very interested in the reasons the ’20s appeal to our imagination right now. Of course, it’s the booze, the sex, and the parties. But it’s also a decade with a very strong identity—and I think that helps. Writing in the journal American Speech in 1951, Mamie J. Meredith argued that the ’20s boasted.

I’d argue that Meredith’s point about the decade’s exceptionality still holds: How many other 20th century decades have a nice little permanent descriptor like Roaring? It helps that most of these are good adjectives, evoking a time you’d probably like to live through again—but even the slightly dangerous-sounding ones conjure up something specific. That definiteness offers an appealing sense

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Anyway, let’s get to that fun. A very joyful book to read about the decade is Frederick Lewis Allen’s Only Yesterday: An Informal History of the 1920s, which Allen—a blueblood journalist and editor at Harper’s—published in 1931. The book chronicles all of the movement and motion that makes the decade sexy, and doesn’t seem to miss a fad.

The property, complete with a 30-seat screening room, a 100-seat amphitheater and a swimming pond with sandy beach and outdoor shower, was asking about $40 million, but J. Lo managed to make it hers for $28 million. As the Bronx native acquires a new home in California, she is trying to sell a gated compound.

A designer knows he has achieved perfection not when there is nothing left to add, but when there is nothing left to take away.

Allen is also really good at describing parties—or, at least, the ones the middle class and upper class attended. The historian wrote about how women taking up smoking had “strewed the dinner table with their ashes, snatched a puff between the acts, invaded the masculine sanctity of the club car.

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Perhaps by remembering the twenties merely as an enchanting series of novelties or the crude afterthought of a simpler past, we preserve the illusion of our own simple innocence,” mused historian Paula Fass in the introduction to her book The Damned and the Beautiful: American Youth in the 1920s.

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Vistara cancellations: Amid delays and interruptions, the airline may cancel 60 flights today; the centre requests a report

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8 months ago

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April 1, 2024

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Vistara has announced the cancellation of several flights due to a shortage of pilots and crew.

The Ministry of Civil Aviation (MoCA) is seeking a detailed report from Vistara regarding flight cancellations and major delays, as the airline has cancelled or delayed over 100 flights in the past week. The number of flights may increase to 70. Vistara attributed the disruptions to a shortage of pilots and announced measures to alleviate the situation, including reducing flight operations and using wide-body aircraft on domestic routes.

What Vistara said on flight delays and disruptions

Vistara has reported numerous flight cancellations and delays due to a shortage of pilots and crew, as stated by a company spokesperson. The company has experienced numerous crew unavailability issues in recent days.

The spokesperson stated that efforts are being made to stabilize the situation and that regular operations will resume soon.

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The spokesperson stated that teams are working diligently to minimize customer discomfort.

The airline has deployed larger aircraft, such as the B787-9 Dreamliner and A321neo, on select domestic routes to accommodate more customers. They are offering alternate flight options or refunds to affected customers. They apologize for the inconvenience caused by the disruptions and are working to stabilize the situation. They aim to resume regular capacity soon.

Vistara is utilizing larger aircraft, such as the Boeing 787 Dreamliner, on certain domestic routes to accommodate more passengers as per a spokesperson.

The airline also experienced similar disruptions last month.

The Economic Times reports that first officers of Vistara, unhappy with their new employment contract, have been reporting sick for the past two days, leading to multiple flight delays.

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Investors valued Swiggy at $10.7 billion in 2022. It is said that the business intends to go public this year.

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8 months ago

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March 29, 2024

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In the nine months leading up to December 2023, Swiggy lost $200 million, as per a corporate internal document. This occurs as the company, funded by SoftBank, looks to go public on the stock market. Swiggy may begin listing by the end of 2025, according to prior reports.

According to an internal document seen by Reuters, Swiggy lost $500 million during the course of the fiscal year 2022–2023. The report, which cited unidentified sources, asserted that the corporation reduced losses for the entire year 2023–24 thanks to lower wage payouts and spending reductions in marketing.Swiggy’s losses for the first nine months of the fiscal year 2023–2024, from April to December 2023, totaled $207 million. During that time, the company’s sales was $1.02 billion, down from $1.05 billion in the fiscal year 2022–2023.According to an internal document seen by Reuters, Swiggy lost $500 million during the course of the fiscal year 2022–2023. The report, which cited unidentified sources, asserted that the corporation reduced losses for the entire year 2023–24 thanks to lower wage payouts and spending reductions in marketing.

Swiggy’s losses for the first nine months of the fiscal year 2023–2024, from April to December 2023, totaled $207 million. During that time, the company’s sales was $1.02 billion, down from $1.05 billion in the fiscal year 2022–2023.

Investors valued Swiggy at $10.7 billion in 2022. The business began by delivering meals, then it grew to include groceries and reservations for restaurants.

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Meesho’s $300 million fundraising round: SoftBank’s invitation, Tiger Global wagers, and more

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8 months ago

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March 26, 2024

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Tiger Global and Peak XV Partners are leading the latest round, with a combined investment of $150 million.

Meesho is set to raise $300 million from Tiger Global and SoftBank, along with existing and other investors like Peak XV Partners and Mars Growth Capital. This is Tiger Global’s first major round in India since Scott Shleifer stepped down in November. This is one of the few large rounds for Meesho in the past 12 months.

Tiger Global and Peak XV Partners are leading a $150 million round in Meesho, with Peak XV and some limited partners expected to contribute $70 million. Tiger Global is a new investor, while Peak XV is an existing backer. Meesho’s current valuation is $3.9 billion, 20% lower than its previous 2021 valuation. SoftBank, an existing investor, is pushing $30 million for the remaining $150 million.

Meesho is relocating its base from Delaware to India, with a significant portion of the new capital being used to pay taxes before its upcoming IPO.

Meesho’s losses decreased from ₹3,251 crore in FY22 to ₹1,675 crore in FY23, while its revenue from operations increased by 77% from ₹3,232 crore in FY22 to ₹5,735 crore in FY23.

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