Connect with us


Cyclone Gabrielle leaves thousands without power



Cyclone Gabrielle is lashing New Zealand as other nations are placed on high alert

Thousands are without power in New Zealand as a tropical cyclone hits part of the country.

Gabrielle was downgraded from a category two to a category one storm before it made landfall.

“It’s a one in 100 year weather event and we seem to be getting a lot of them at the moment,” said Prime Minister Chris Hipkins.

But New Zealand is bracing for even more severe weather.

The regions of Northland and Auckland are under a state of emergency.

Professor Ian Young from the University of Melbourne said climate change is prompting western countries to act.

“Right now, the annual impact of coastal flooding is about 0.3% of global GDP. And we estimate that if we do nothing that will rise to about 3% of GDP,” he said.

Air New Zealand has cancelled over 500 flights with services expected to resume on Tuesday.

The airline is adding 11 extra flights to help with the recovery effort.

Meanwhile, the New Zealand Defence Force has located 150 staff throughout Auckland and neighbouring regions.

“This is part of a growing problem for low lying countries. Look at developed nations particularly those in Asia, places like Bangladesh, in particular areas in Egypt, in the Delta of the Nile, for instance.

“These are relatively low elevation areas, so they’re particularly vulnerable to sea level rise and to extreme coastal flooding,” Professor Young said.

Continue Reading


How to make your money work for you over the next decade



With high interest rates, persistent inflation, and a tight labor market—the next decade is expected to be very different from the last 10 years.

Companies and households around the world are still trying to get back to pre-pandemic economic outputs and lifestyles.

So, how can people successfully invest and better manage their personal finances?

James Faris, an Investing Reporter with Insider joins Veronica Dudo to discuss. #InAmericaToday #featured #money #finance #economy #investing

Continue Reading


Parents buying houses for their adult children



Rise in parents purchasing homes for adult children sparks concerns

A growing trend of parents buying houses for their adult children is causing a stir, raising questions about the potential downsides of such arrangements. While the gesture may seem benevolent, experts warn of the pitfalls associated with this practice.

Financial advisors express concerns about the impact on both generations’ financial independence. By providing ready-made homes, parents might inadvertently hinder their children’s ability to learn crucial financial lessons, such as budgeting, mortgage management, and property ownership responsibilities.

The trend also sparks debates on the long-term implications for the housing market. Critics argue that such parental interventions can distort property prices and exacerbate existing affordability challenges, particularly for younger individuals aspiring to enter the property market independently.

There’s a call for a broader societal discussion on the balance between parental support and fostering financial autonomy. While the intention is often rooted in care, the unintended consequences of sheltering adult children from financial realities are prompting a reassessment of this well-meaning practice.

Continue Reading


Victoria’s Secret criticized for trans woman’s apology



Victoria’s Secret is facing backlash after issuing an apology to a transgender woman who had a negative experience while trying on bras at one of their stores.

The incident has ignited a debate about inclusivity and sensitivity in the fashion industry.

The controversy began when the trans woman, who remains anonymous, visited a Victoria’s Secret store to shop for bras. She reported feeling uncomfortable and discriminated against by store staff.

In response to her complaint, Victoria’s Secret issued an apology, acknowledging the incident and expressing their commitment to diversity and inclusion.

However, the apology itself has come under fire from both supporters and critics.

Some argue that the brand’s apology is insincere and merely an attempt to save face, while others believe it is a step in the right direction towards a more inclusive shopping experience for all customers.

The incident raises important questions about how brands should handle situations involving discrimination and whether their apologies are genuine or performative.

It also highlights the ongoing challenges faced by transgender individuals when accessing spaces traditionally designed for cisgender customers.

As the fashion industry continues to evolve, many are calling for a deeper examination of inclusivity and sensitivity, not just in policies but in practice.

Continue Reading
Live Watch Ticker News Live

Trending Now

Copyright © 2023 The Ticker Company