close video People are leaving California and it’s ‘going bust’: Robert Kiyosaki The Rich Dad Company co-founder weighs in on California’s failures and why entrepreneurship is important amid the tech evolution. Financial expert Robert Kiyosaki is predicting a grim fate for the country’s Golden State. The Rich Dad Company co-founder warned that California is "going
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese Prime Minister Fumio Kishida has said he will step down as leader of the ruling Liberal Democratic party in September, ending a three-year premiership and months of speculation over his ability to survive following
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Iuliia Isaieva | Moment | Getty Images Homeowners are sitting on$17 trillion in equity as of the end of the first quarter of 2024, according to CoreLogic. The average homeowner gained $28,000 in equity compared to a year earlier. For many people, there’s no need to touch that money. Home equity is “not like bread,”
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A proposed constitutional amendment on Colorado’s Nov. 5 ballot aimed at curbing property taxes would roil municipal financing in the state and harm metropolitan districts in particular, by boosting borrowing costs and sparking litigation, according to bond dealers and attorneys. Initiative 50, a proposed constitutional amendment that requires a 55% majority vote for passage, would
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A bill pending in Californias legislature to ratchet up oversight of private equity investments in health care is receiving enthusiastic backing from consumer advocates, labor unions, and the California Medical Association, but drawing heavy fire from hospitals concerned about losing a potential funding source. This story also ran on Los Angeles Times. It can be
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In other campaign news, Donald Trump has falsely accused Kamala Harris of using artificial intelligence to fabricate photos showing large crowds at her rallies. Last week, Harris spoke in front of 15,000 supporters at an airport hangar in Detroit, but Trump falsely claimed the massive crowd didn’t actually exist despite extensive photographic and video evidence.
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Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning.  Hawaiian Electric said Aug. 2 that it had agreed to pay almost $2 billion as part of a $4 billion settlement to resolve hundreds of lawsuits
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This article was featured in the One Story to Read Today newsletter. Sign up for it here. Updated at 9:17 a.m. ET on August 7, 2024 In the long, sweaty line for Vice President Kamala Harriss Philadelphia rally yesterday, people said they were happy shed chosen Tim Walsh as her running mate. They were glad
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