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Month: August 2023

Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis

By Allison Morrow, CNN New York (CNN) — Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China’s spectacular growth over the past 30 years.  For decades, Evergrande, once one of China’s most successful real estate developers, gobbled up debt as China’s economy exploded. Demand for housing was so strong,

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Marijuana and hallucinogen use, binge drinking reached record highs in middle-aged adults, survey finds

By Giri Viswanathan, CNN (CNN) — Last year, more middle-aged adults were binge drinking, using marijuana or consuming hallucinogens than ever before, according to a new report. Cannabis use surged among young adults under 30, alongside historic rates of vaping, as well. The new data comes from the University of Michigan’s Monitoring the Future panel

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North Carolina laws curtailing transgender rights prompt less backlash than 2016 ‘bathroom bill’

By HANNAH SCHOENBAUM and GARY D. ROBERTSON Associated Press RALEIGH, N.C. (AP) — North Carolina was ground zero in the nationwide fight over transgender rights with the passage of its 2016 “bathroom bill.” But the public pushback against three new laws passed this week has been light in comparison. Republicans on Wednesday enacted a law

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German archbishop ‘disappointed’ by diocese employees’ attempts to access porn

BERLIN (AP) — The archbishop of Cologne, one of Germany’s most important Catholic dioceses, expressed disappointment Friday that employees used work computers to try to access pornographic websites. The statement from Cardinal Rainer Maria Woelki came after the city’s Koelner Stadt-Anzeiger newspaper reported that a list from the archdiocese showed more than 1,000 attempts to

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