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How The World Added Decades To Life Expectancy
How The World Added Decades To Life Expectancy
The average person today can expect to live far longer than someone born in 1960, regardless of where they live.
This chart, via Visual Capitalist's Bruno Venditti, tracks life expectancy at birth across four World Bank income groups. While high-income countries still have the longest lifespans, the biggest gains have come elsewhere. Upper-middle income countries have added more than three decades to life expectancy, while low-income countries have made substantial progress as well.
The data for this visualization comes from World Bank via FRED. It...
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May 7, 2026 / Tyler Durden
Hochul Targets NYC's Multimillion-Dollar Second Homes In $268 Billion Budget Framework
Hochul Targets NYC's Multimillion-Dollar Second Homes In $268 Billion Budget Framework
New York is taking direct aim at the city’s ultra-wealthy absentee owners. In a major policy shift announced Thursday, Governor Kathy Hochul and state legislative leaders reached a framework agreement on a $268 billion state budget that includes a new annual tax on multimillion-dollar second homes in New York City - a move designed to generate roughly $500 million a year to help close the city’s projected $5.4 billion budget deficit.
The proposal, often called a “pied-à-terre” tax (French for...
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May 7, 2026 / Tyler Durden
AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg.
Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.”
Bloomberg writes that the trend gained momentum after Block, Inc. — the...
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May 14, 2026 / Tyler Durden
Europe's Dependence On US LNG Set To Surge
Europe's Dependence On US LNG Set To Surge
By Irina Slav of OilPrice.com
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Financial Analysis has warned.
In a report cited by Reuters, IEEFA noted that the European Union already imports significant volumes of U.S. liquefied gas, creating a potentially risky dependence on a single supplier.
LNG imports from the United States into the EU accounted for 58% of overall LNG...
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