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How Sri Lanka’s economic collapse raises alarm bells for other emerging markets

During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country's economy stumbled. In May 2022, the government defaulted on its debt for the first time in history. As inflation continued to spiral out of control, with a massive shortage of food, fuel and medicine for the country's 22 million people, Sri Lankans took to the street, forcing the president, Gotabaya Rajapaksa, to resign and flee the country. Even though Sri Lanka has a new…

How HIMARS could change the Ukraine-Russia war

Artillery has quickly become the most important weapon in Ukraine's war with Russia.Ukrainian forces have begun to use newer Western artillery, like the M777 Howitzer, in the battlefield. But a different kind of weapon has had a bigger impact. The American-made High Mobility Artillery Rocket System, aka HIMARS, has been a major high-tech upgrade for Ukraine's military."The introduction of the HIMARS rocket artillery to Ukraine has been significant," said George Barros, a geospatial analyst at the Institute for the Study…

Ford’s Mustang Mach-E electric crossover awards could help it take on Tesla

Ford's first real attempt at an electric vehicle has been quite a hit with critics.The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports' Top Pick in February 2022. It was named the Top Car in the Automobile Association of America (AAA) Car Guide in May. Car and Driver awarded it the magazine's first EV of the Year award in June 2021.It was named the Utility of the Year at the 2021 North American Car and Truck of the Year awards — one of the most prestigious awards in the automotive industry.All the praise is…

Auto dealerships are facing a shortage of technicians to fix cars. Here’s why

It's not just hard to buy a new car these days — it's getting tough to even get one fixed.There just aren't enough workers to do the job.Dealers and auto repair shops are struggling to recruit and retain technicians and other service department workers. Auto dealerships, like many industries, are feeling the effects of what some have termed the Great Resignation, in which workers are quitting at steep rates. It's become especially difficult for dealers to retain service advisors, who interact with customers and service…

How Paula Pant quit her job to teach people how to afford anything

Paula Pant didn't follow the same career path as most people in her community and family. She disappointed many when she decided to quit her job as a newspaper reporter to travel the world.Pant's now an entrepreneur and is teaching people how they can afford anything.Watch this video to learn how she says anyone can do the same.More from Invest in You:5 tips for selling your e-commerce business to an Amazon aggregatorCrypto is here. Are you ready?This is why Americans can't manage their moneySIGN UP: Money 101 is an…

What the Fed’s interest rate hike to combat inflation means for you

The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%.The Fed's intention is to help combat inflation.Watch this video to find out what rising interest rates mean for you. The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range…

How Uvalde and Buffalo spurred push for first gun law in decades

After two horrific mass shootings in Texas and New York, Congress just passed the most meaningful gun legislation in decades.The Safer Communities Act will expand background checks in some cases, close the so-called boyfriend loophole to prevent domestic abusers from obtaining or keeping firearms and deal out grants to help prevent gun violence and secure schools."Some parts are very promising," said Alex McCourt, a firearms policy expert at the Johns Hopkins Center for Gun Violence Solutions. "Other parts? Perhaps less…

Meet the architect helping tech firms like Intuit redesign the office

The pandemic changed how we work. And while some companies are reverting to a pre-pandemic workweek, 81% of executives said they are adopting a more flexible workplace, according to LinkedIn's 2022 Global Talent Trends report. But getting employees back in the office hasn't been easy and companies are having to rethink the role the office plays in a post-pandemic world.Clive Wilkinson, who designed the Googleplex, is one of the architects being called on by the tech sector and others to help build workplaces that…

The fight against stolen products on Amazon and Facebook Marketplace

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco's Union Square and a nearby Nordstrom, which was robbed by 80 people.Law enforcement and retailers have warned the public that this isn't traditional shoplifting. Rather, what they're seeing is theft organized by criminal networks.And there's a reason it's on the rise."What fuels this as an enterprise is the ease of reselling stolen merchandise on online marketplaces," said Illinois Attorney General Kwame Raoul, who…

Californians working from home are moving to Mexico amid inflation

More than 360,000 people left California in 2021, in what some are calling "The California Exodus" — many leaving for states like Texas, Arizona and Washington.And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and affordable lifestyle in Mexico.California continuously ranks high as one of the country's most expensive states to live in. The median asking price for a home in California is about $797,470 — only…