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Bernard Hoffman/Getty Images Thanks to the postwar Baby Boom and other factors, families in the '50s began moving to the suburbs. Levittown in Long Island, New York, is widely recognized as the first modern American suburb. Each home looked the same — they were all built in the Cape Cod-style and cost around $7,000. As World War II came to an end, families looked for ways to start over. Emboldened by the GI Bill's provisions for home loans, they moved out of the cities in droves for newly developed suburban communities. In fact, the suburbs expanded by 47% during the 1950s, according to the Gilder Lehrman Institute of American History. Levittown in Long Island, New York, was one of the first to introduce the idea of a pre-planned, mass-produced uniform suburban community, The New York Times reported. Families started moving there on October 1, 1947. Though the community welcomed an influx of families, non-white prospects weren't allowed. Notably, African Americans didn't see the same benefits from the GI Bill, and it would take some years before racial and ethnic minorities broadly shifted to the suburbs. Here's what it was like to live in America's first modern suburb in the 1950s. Before the 1950s, people mostly lived in cities to be close to factory jobs. Historical/Getty Images At the time, most people lived close to the city center to work in factories, or they lived in rural communities to work on farms, according to economist Jay Zagorsky. Everything changed in the 1950s when soldiers returned from World War II, sparking the great migration to the suburbs. Irving Haberman/IH Images/Getty Images The 1950 Census found that 60% of people lived in cities, while 40% lived in the suburbs. Thanks to factors like the construction of highways, the development of new neighborhoods from farmland, and even safety in the event of an atomic attack, these percentages would soon shift drastically. The GI Bill made it easier to afford a new home, prompting this transition from urban to suburban. Newsday LLC/Getty Images The GI Bill provided each returning soldier with benefits designed to stimulate economic growth. Each soldier was given a year of unemployment and free tuition to go to college. The military pledged to back all home loans, which allowed veterans to buy houses with little to no down payments. The Baby Boom started at the same time, causing many families to outgrow their city apartments. A family of four stands in front of their house in Levittown, NY. Joseph Scherschel/Getty Images Shortly after WWII ended, the Baby Boom began. In 1946, 3.4 million babies were born, more than ever before, and 20% more than in 1945, per History.com. This trend continued into the '50s. By the end of the boom in 1964, this generation made up 40% of the country's population. Most historians think it was because Americans were eager to have families after having postponed marriage and childbirth because of the Great Depression and World War II. Whatever the reason, people flocked to the suburbs to accommodate their growing families. In response to this growing need for space, suburban communities popped up at a faster rate in the '50s. An aerial view of a suburban community. Hulton Archive/Getty Images During the war, factories focused on creating wartime essentials, like airplanes and barracks. In the '50s, they refocused their efforts on building home components and automobiles using the new practices — like the assembly line — they implemented in the war, As a result, factories were able to produce materials for homes faster than ever before. Levittown in Long Island, New York, is widely recognized as the first modern American suburb. Tony Linck/Getty Images Levitt and Sons, a construction company, purchased a 7-square-mile plot of potato and onion farms in Long Island in 1947. They set out to build one of the first uniform suburban communities in the US. The community grew fast. In fact, a house was built every 16 minutes in Levittown. Tony Linck/Getty Images To construct the new community, which sits about 30 miles east of Manhattan, Levitt and Sons hired mostly unskilled workers to build the homes. They gave each a specific skill and created a sort of human assembly line. William Levitt even called his firm "the General Motors of the housing industry," The Guardian reported. The Levitts eventually constructed 17,447 houses between 1947 and 1951. During the peak of the construction boom, one was built every 16 minutes. People flocked to home sale events to get themselves a slice of suburbia. Al Fenn/Getty Images The first homes in Levittown cost new residents around $7,000, The Guardian reported. For veterans, there was no down payment. When adjusting for inflation, a Levittown home in 1950 would be roughly $97,000 in today's money. Every house in Levittown was identical. The Levitt family called it "the best house in the US." Joseph Scherschel/Getty Images At first, all the homes were built in the same style, and some residents even admitted to walking into the wrong house at times because they couldn't tell them apart, according to Khan Academy, citing Kenneth T. Jackson's "Crabgrass Frontier: The Suburbanization of the United States." The picturesque community was lined with greenery. In fact, a tree was planted every 28 feet in Levittown. Newsday LLC/Getty Images Each home in Levittown sat on a 6,000-square-foot lot, The New York Times reported. Outdoor spaces, like backyards, became focal points. Robert W. Kelley/Getty Images With the growing number of children, outdoor spaces became increasingly important to the suburban neighborhood. Inside each home, there were four rooms, a built-in TV set, and Hi-Fi for the radio. Joseph Scherschel/Getty Images At first, they were modest homes, but most families saw their new suburban lives as luxurious. Most Levittown residents experienced the responsibilities of owning a home for the first time. A man and a woman clean opposite sides of a window. Many homeowners experienced the responsibilities of owning a home for the first time. Newsday LLC/Newsday via Getty Images Many Levittown homeowners learned homeownership responsibilities, such as tending to a lawn. The suburb helped cement the idea of the "nuclear family" in American culture. The community prided itself on neighborhood amenities, like this mobile public library. Joseph Scherschel/Getty Images There were also swimming pools that children could use during the summer. Levittown also had seven shopping centers. Underwood Archives/Getty Images The shopping centers were called "village greens" and were designed to make the town more of a bustling community, per Encyclopedia.com. The suburbs were also known for being a safe alternative to the gritty city streets. Joseph Scherschel/Getty Images Since the streets in the suburban neighborhood were considered safer than those in the city, parents used to allow children to bike around by themselves, per the National Center for Safe Routes to School. Levittown was also known as a cheaper option compared to an apartment in the city. Bernard Hoffman/Getty Images The mortgage on a home in Levittown was reportedly about $29 per month, while most paid $90 per month in the city. By comparison, the average rent in New York City in 2026 is just under $3,500, according to Zillow. The monthly cost of a 30-year mortgage on a Levittown home today would be roughly $2,000. With all the amenities and perks, the community grew rapidly. In less than a decade, the population of Levittown reached 82,000. Bettmann/Getty Images The community has over 17,000 homes, making it one of the largest private housing projects in the history of the US. As a result, Levittown became a model for other suburban communities in the US during the 1950s. A suburban community in the 1950s. Joseph Scherschel/Getty Images Suburban home construction boomed in the 1950s. In fact, at least 15 million units were under construction by the end of the decade, according to the Wealth Management Group. Although suburban communities boomed in the '50s, the shift was reserved for white Americans. Joseph Scherschel/Getty Images For years, there were rules that restricted minorities from buying homes in Levittown, and even as the Civil Rights Movement was starting to take form and the rest of the country began integrating after Brown v Board of Education in 1954, Levittown remained mostly white. Two-thirds of Levittown residents today are white, according US Census estimates. Some of the few non-white families resisted this standard. Some non-white residents like William Cotter and his family fought against Levittown's whites-only standard. Newsday LLC/Newsday RM via Getty Images In 1952, William Cotter, a Black man, and his family, sublet a home at 26 Butternut Lane. When the lease was up, Levitt refused to renew it or sell them the home. The refusal sparked support for the Cotters, and the family eventually purchased another home from a white homeowner. With modern highways leading to the suburbs, men commuted into the city. New highways leading to the suburbs didn't come without traffic. Newsday LLC/Newsday via Getty Images The suburban boom corresponded with the expansion of interstate highways in the US, starting the modern iteration of the commute from the suburbs to the city. In 1950, 80% of men in Levittown commuted to Manhattan for work, The Guardian reported. During a typical day, the streets of Levittown were filled with women, as the men were mostly working in the city. Bettmann/Getty Images When men left to fight in WWII, women began entering the workforce, gaining newfound independence and freedom. However, they were suddenly expected to give this up again and instead focus on childbearing and rearing. In 1963, author Betty Friedan wrote in "The Feminine Mystique" that the suburbs "were burying women alive." However, some believe that women's dissatisfaction with staying home "contributed to the rebirth of the feminist movement in the 1960s," History.com reported. Women also got active in civic engagement. Women and children protest in favor of new stop signs. Newsday LLC/Newsday RM via Getty Images In 1959, women of Levittown, with children in hand, protested in favor of putting stop signs in an area with automobile-related deaths. Levittown became a symbol of prosperity and anticommunism in American politics and culture. William J. Levitt speaks with three senators. Bettmann/Bettmann Archive/Getty Images As American politics increasingly centered on anticommunism and Cold War tensions rose, Levittown and suburbs like it took on a symbolic meaning in American culture, representing prosperity and the "American Dream." Levitt was once quoted saying, "No man who owns his own house and lot can be a Communist. He has too much to do." In 2026, Levittown is still a sizable community with a population of about 50,000. Though it's full of modern businesses and technology, the community still holds a legacy as a post-war suburban haven. Read the original article on Business Insider

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Ivan Leong, like many other millennials and Gen Z in Singapore, has ditched the corporate grind and opened small F&B businesses. Aditi Bharade "We're the same age," I told Ernest Ang, a 24-year-old who opened an eatery two years ago with his grandmother's recipes. And yet, it feels like we live in different worlds. Every day, he whips up large batches of fried chicken and beef rendang in Singapore's 90-degree tropical heat. On the other side of the island, in the glitzy financial district, I write about the Trump administration and the general chaos of the world. I started my first job in a newsroom after graduating from college in 2024, diving headfirst into the corporate grind. I sign off at 5:30 p.m. and value the work-life balance my writing job offers. Last year, I started collecting stories of Singaporean Gen Zers and millennials shunning the comfort and stability of the 9-5 in favor of starting their own food businesses — ventures that come with backbreaking long hours. I was humbled. Au Hui Her, a millennial bakery owner, starts prepping loaves of sourdough bread at 4 a.m. Aditi Bharade Hawker centers, like where Ang set up shop, are the go-to for budget meals in Singapore. They're cheap, hearty, and convenient, and I've eaten from them as long as I can remember. There are 123 hawker centers in the country, managed by the National Environment Agency. On average, each center has about seven to 10 individual stalls. Traditionally, they sell dishes like Hainanese chicken rice, bak kut teh, a peppery and flavorful pork soup, or nasi lemak, aromatic rice served with dishes. The stalls are typically run by middle-aged to senior hawkers. Hawker centers in Singapore are typically run by older business owners who sell traditional fare. Aditi Bharade But as younger hawkers join the business, there's been an increase in specialty stalls selling matcha, craft beer, baked goods, and fusion dishes. Success is an uphill battle, with a massive failure rate due to rising store rents and a frugal consumer base. In 2025, 3,074 food and beverage businesses in Singapore closed their doors, per statistics from the Accounting and Corporate Regulatory Authority of Singapore. This has not deterred hopeful entrepreneurs — 4,103 new food businesses opened last year. Ernest Ang, 24, opened a restaurant featuring his grandmother's recipes, and said he prefers the life to working in an office. Aditi Bharade Most of the young chefs I interviewed work six to seven days a week, getting up well before the sun rises to prep ingredients for the day and retiring late into the night after feeding hungry dinner crowds. I spoke with eight Gen Z and millennial F&B owners across the country about what makes them tick, what fears give them chills at night, and if they regret choosing a risky career path. Spoiler: They don't. Credits Reporter: Aditi Bharade Editors: Cheryl Teh, Meghan Morris Read the original article on Business Insider

Sylendran Arunagiri Sylendran Arunagiri Sylendran Arunagiri wanted to work at Nvidia, his "dream company." He said the US job market felt far more challenging than what he'd experienced in India. After being rejected for an internship, he reflected on what went wrong — and made a plan. As Sylendran Arunagiri considered moving from India to the US to pursue a master's degree, some friends and mentors advised him to delay his move. They warned that the US tech job market had become too challenging. Arunagiri's goal was to move to the US in late 2023, begin a master's program in product management at Carnegie Mellon University, and land a Big Tech internship for the summer of 2024. He hoped this would be a stepping stone toward landing an AI-related role, ideally at Nvidia, his "dream company" because of its central role in the AI technologies he'd long wanted to work on. However, there were several things working against him. For one, the US tech hiring landscape was already creating headaches for job seekers. Openings had plummeted from highs reached a year earlier, and industry layoffs were increasing competition for available roles. Additionally, Arunagiri had grown accustomed to the job market in India, where he earned a bachelor's degree and an MBA from top institutions that he said relied on structured campus placement programs to funnel many students directly into jobs. But from what he'd heard, the US was very different. Job fairs were often more like networking events than recruiting opportunities. "You're completely on your own," said the 30-year-old, who now lives in San Jose. Arunagiri is among the many job seekers who have struggled to navigate a US hiring landscape that's become more challenging in recent years. Amid economic uncertainty, the early effects of generative AI adoption, and a broader push to streamline operations, US businesses are now hiring at one of the slowest rates since 2013. window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}); Still, some people have managed to break through in a challenging market. Arunagiri shared how he pursued his goal of working at Nvidia — a company he described as his dream employer — and offered his top advice for other job seekers. Striking out on Nvidia Many of the tech companies Arunagiri was targeting had conducted summer internship interviews the previous fall, so he began applying before moving to the US. After sending out many applications, he landed an interview with Nvidia in November 2023. Arunagiri said the interview process went so well that he stopped applying to other internships. But after moving to the US and completing his final interview in February, he learned that he wouldn't be getting the role — which left him scrambling to find another internship. "I had to start from scratch, but by then many of the applications had dried out," he said Arunagiri was able to land an AI product manager internship based in India at the tech company Informatica. However, that summer, he found it difficult to stop thinking about what went wrong during his interview process with Nvidia — and began setting his sights on eventually landing a full-time role with the company. Business Insider is speaking with workers who've found themselves at a corporate crossroads — whether due to a layoff, resignation, job search, or shifting workplace expectations. Share your story by filling out this form, contacting this reporter via email at jzinkula@businessinsider.com, or via Signal at jzinkula.29. A second chance at Nvidia Upon reflection, Arunagiri suspected that his final Nvidia interview may have doomed him. He said he was lower energy than usual because he was feeling sick that day, and that he'd been hesitant to postpone it out of fear that the opportunity would be filled in the meantime. In hindsight, he said that decision was likely a mistake. "I came off as a dull candidate, but I'm usually energetic and conversational," he said. "I should have probably postponed it to a day that I was feeling better." Arunagiri decided to reach out to an HR professional from Nvidia to get insight into where he fell short, and they agreed to jump on a call with him. While they didn't provide specific insights into his candidacy, he said they recommended he try to connect with people at Nvidia in current roles, including hiring managers and interns, to get insight into the kinds of projects they were working on and how he could better align his profile. He eventually connected with about five Nvidia interns, who he said provided valuable insights. Those conversations helped shape the personal AI-related projects he began pursuing and sharing on LinkedIn in hopes of standing out. After the summer, Arunagiri dove back into the job search, eager to land a role before he graduated in December 2024. He knew that if he didn't land a job within 90 days after graduation, his F-1 visa restrictions would force him to return to India. In September 2024, he submitted a cold application for a technical product marketing role in agentic AI at Nvidia —a role he described as his "dream AI role" at his dream company. He was asked to interview starting in October, and around the same time, he was also invited to interview for a more junior product management role at Microsoft. Advice for other job seekers In December, with his graduation looming later that month, Arunagiri received offers from Nvidia and Microsoft within days of each other. Given that Nvidia was his dream employer, the role checked a lot of his boxes, and the pay was higher than Microsoft's, he said the decision was fairly easy — and he accepted Nvidia's offer. He said that so far, working at Nvidia has been "everything that I've dreamed of." Arunagiri believes that his LinkedIn presence helped him stand out. During the interview process, he said, the hiring manager told him that he'd reviewed his LinkedIn profile and noticed the projects he'd been working on, including small experiments with new generative AI tools and models he'd shared publicly. He has a few pieces of advice for job seekers. First, he said, time management is key, particularly because applying for jobs and connecting with people can be time-consuming. Second, he said, never compare your job search journey to anyone else's, since a variety of factors can influence how it plays out. Rather than quietly applying and networking, he recommends sharing tangible projects publicly — such as posting about AI tools you've explored and linking to projects on LinkedIn or a personal website — so hiring managers can see your work. "You need to find something that sets you apart from others," he said. Read the original article on Business Insider

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The increasing retirement rate of baby boomers is opening up investment opportunities in traditionally 'boring' businesses, prompting questions about which sectors are most viable.

Businesses say questions remain after US President Donald Trump announced he will impose global tariffs of 15%.

Bari and the province of Barletta-Andria-Trani (BAT) have been designated as capitals of business culture, aiming to foster a new relationship between businesses and civil society.

Hungarian oil and gas group MOL has not abandoned its plans to acquire Lukoil's operations in Bulgaria and Romania, according to CEO Zsolt Hernádi.

The upcoming project of the Ölfusár Bridge is driving significant business growth in the eastern part of Selfoss. As reported by RÚV, businesses are increasingly flocking to the east side of the town.

Businesses face renewed turmoil as Trump revives tariff push

The Justice Department is reportedly investigating the potential impact of the Warner Bros. sale on theatre businesses, examining its implications for the industry.

While Trump called the SC ruling ridiculous, Neal Katyal, who argued the case on behalf of small businesses, called it a “total victory" for the challengers.

Netskope has launched Netskope One Data Lineage, a new feature designed to improve data tracking and ensure regulatory compliance for businesses.

Crafters are increasingly adopting recurring revenue models to transform their hobbies into scalable and sustainable businesses.

A new study suggests that the burden of Trump-era tariffs falls primarily on US businesses, rather than foreign entities.

James Cameron has written a letter arguing that if Netflix is successful in its bid for Warner Bros.’ studio and streaming businesses, it could cause huge job loss, change the theatrical landscape and hurt the film export business. The “Avatar” filmmaker sent his letter last week to Senator Mike Lee, chair of the Senate subcommittee […]

Business Insider CMO Insider Business Insider Business Insider is launching CMO Insider, a new weekly newsletter delivering a candid look at the forces reshaping marketing. Business Insider's CMO Insider franchise serves as a destination for marketing professionals, combining video interviews, news and trend coverage, and live events. The newsletter will serve as a central pillar of the franchise and the first edition will be sent on March 4th. Written by Business Insider senior correspondent Lara O'Reilly, CMO Insider takes readers inside the power and pressures defining modern marketing by blending scoops, analysis, and insights designed to help CMOs and marketing leaders stay ahead in a rapidly changing industry. O'Reilly's award-winning work has sparked global conversations about leadership in advertising and has revealed the inside stories behind the rise and fall of major adtech companies. She is in constant conversation with CMOs and is closely tracking trends shaping the industry right now, from the explosive growth of the creator economy to the disruptive impact of AI. "Every Wednesday, I'll be opening up my reporter's notebook to share a candid take on what really matters across the modern marketing landscape," O'Reilly said. "With more than a decade of experience reporting on some of the biggest businesses — and biggest personalities — in the space, my CMO Insider newsletter is designed to be your trusty sidekick to help you keep up with an industry that never stays still." During the Cannes Lions Festival, CMO Insider will publish daily, bringing readers in on O'Reilly's on-the-ground conversations and observations. The announcement builds on Business Insider's recent expansion of its newsletter portfolio beyond its flagship Business Insider Today newsletter, including newer offerings such as First Trade, Tech Memo, Work Shift, and Side Hustlers. Read the original article on Business Insider

Former engineers from major tech companies are leveraging artificial intelligence to help businesses navigate the complexities and uncertainties of Trump's trade policies.

A recent court ruling mandates that businesses operating bars with guest rooms must obtain valid licenses from the Tourism Regulatory Authority.

Key developments in Greece include the ONEX–Hanwha deal, Cenergy's new major project, and discussions around Article 86 and water businesses.

A federal ban on most hemp-derived THC products is anticipated to take effect by the end of 2026, posing a significant threat to the profitability of hemp businesses.

An article criticizes Washington's methods for educating small businesses about AI, suggesting that the current approach is ineffective.

"Pressure Is Enormous": Nestle CEO Faces Mounting Scrutiny Amid Infant Formula Crisis Nestlé SA CEO Philipp Navratil is feeling the heat after the world's largest food company recently carried out the biggest recall in its history, pulling infant formula off supermarket shelves after a contaminated ingredient was discovered early last month. Shares have taken a beating, and scrutiny of the recall is intensifying, with prosecutors in Europe opening an investigation. Navratil and his management team are expected to present a turnaround plan for the Swiss foodmaker on Thursday, following the early January recall of its infant formulas. Multiple production sites were found to have cereulide, a toxin that can cause nausea and vomiting. French authorities have received complaints from eight consumers who say their children vomited after consuming Nestlé baby formula, prompting Paris prosecutors to open investigations. In the UK, there have also been 36 reports of suspected food poisoning linked to baby formula consumption. BBC News provided more color to those investigations: Prosecutors in Paris will seek to establish whether the baby formula producers are liable for distributing a tainted product. It will be co-ordinated with local probes into whether there was a causal link between the contaminated formula and the deaths of three babies in France. Nestlé and France's health ministry have stressed there was as-yet no evidence to indicate such a link. In Switzerland, the food giant's shares are little changed year to date, with uncertainty surrounding the baby formula debacle still hanging over sentiment. Zooming out, the stock has retraced to 2018-19 levels. Vontobel analyst Jean-Philippe Bertschy told clients, "The pressure is enormous ... and full-year results have become almost anecdotal, as investors are now squarely focused on the robustness of quality controls in the infant nutrition case and on the strategic update pledged by the new management team." Investors' attention now shifts to Thursday, when the Swiss giant reports full-year results and is expected to unveil its turnaround plan. Bloomberg noted, "Thursday's strategy update may include a reorganization to streamline businesses. Navratil has signaled that he wants to focus on four core divisions — pet care, coffee, nutrition and health, and food and snacking — while centralizing functions such as marketing, an area the company did not invest enough in during years of short-term margin expansion." Vontobel's Bertschy said, "It will be crucial that we receive an update on some of the under-performing units, how they want to reduce the net debt level and how they plan to accelerate the free cash flow. The market will look for a precise roadmap rather than another broad reassurance – a plan that is clearly underpinned by concrete actions, milestones and measurable commitments." Tyler Durden Wed, 02/18/2026 - 08:05

France has issued red flood alerts following 'exceptional' rainfall, causing chaos and expected flooding on major rivers like the Garonne, Maine, and Loire.

Companies are exploring new strategies, from theme parks to business partnerships, to engage with China's expanding consumer base, particularly in the experiences economy, as the Lunar New Year approaches.

Hearst Corp. CEO Steven Swartz anticipates a strong year for the company's television division and suggested potential merger and acquisition activities for A+E Global and local stations.

Brands like Toteme are becoming more popular as investment dressing resurges. Edward Berthelot/Getty Images Workwear is recalibrating to styles that balance comfort with a more polished look. The tightening job market and return-to-office mandates have chipped away at pandemic casualness. Employees may also be using more polished workwear to create a boundary between work and home. Dress for the job you want to… keep? In a job market where power has shifted toward employers, at least one thing remains within an employee's control: how they choose to show up to work. With layoffs and slow hiring shaping the labor market and RTO mandates pulling employees back into offices, experts say workers are dressing more carefully to project competence. In periods of uncertainty, clothing is less about comfort and self-expression, and more about job security, Lizzy Bowring, a creative strategist and trend forecaster, told Business Insider. "Dressing smarter serves as career risk management," she said. The business casual era gave way to full-on casual Business casual had an era — a long one. Over the past 30 years, suits and ties have given way to blazers and sweaters in many white-collar industries. By the early 2000s, the casual look was ubiquitous in tech. Think Mark Zuckerberg's signature gray T-shirt, hoodie, and jeans. Facebook founder and CEO Mark Zuckerberg delivers the opening keynote address at the f8 Developer Conference April 21, 2010 Justin Sullivan/Getty Images When the pandemic hit, casual dressing went from trend to default. There was no need to dress up for your living room. But times are different now. Workers are being called back into the office, and the franzied "Great Resignation" period post-pandemic, when employers were scrambling to retain staff and thrust into bidding wars to scoop up talent, is well behind us. The balance of power has shifted from employee to employer. US businesses are hiring at one of the slowest rates since 2013, and the early impact of AI is beginning to show up. Last month saw more layoffs than any January since 2009, as big companies like Amazon and Citi announced plans to cut thousands of jobs. Because of this, "employees are becoming more conscious of how they present themselves, not because they're being told to, but because uncertainty changes behaviour," Frances Li, founder and director of Biscuit Recruitment, a boutique recruitment agency based in London and New York, told Business Insider. Recalibration, not return An example of a more tailored silhouette is the oversized blazer, pictured here on content creator and writer Alba Garavito Torre. Edward Berthelot/Getty Images Still, experts say we aren't seeing a full return to suits and straight-cut dresses. Trend forecaster Lizzy Bowring describes this as an "'intentional recalibration' — blending comfort with sharper silhouettes, structured tailoring and more deliberate styling." The jacket you once wore over a T-shirt to look smarter for a Zoom meeting is now shifting to a more tailored look, said Bowring. Think oversized blazers and fitted dresses. Fashion's messaging is reflecting this. There's a focus on tailoring and silhouette-forming pieces across luxury brands like Prada, Saint Laurent, and Bottega Veneta, she said. A model walks the runway at Bottega Veneta's Spring/Summer 2026 fashion show at Milan Fashion Week in September. Victor VIRGILE/Gamma-Rapho via Getty Images Economic uncertainty has also revived interest in investment dressing: wardrobe staples that work in the office and beyond, cut with precision and built to last. Brands like The Row and Toteme have gained cultural relevance by positioning their pieces as investments, reinforcing the appeal of clothing "that communicates stability, longevity and professional credibility," Bowring added. TikTok content about what to wear to the office and why it matters has also grown in popularity. Younger members of Gen Z, entering office settings for the first time, are questioning how to balance their personal style with work-appropriate attire. Grace McCarrick, a content creator who delivers soft skills training to companies such as Uber and Spotify, said her TikTok videos on being intentional with your appearance at work have been some of her most viral — garnering hundreds of thousands of views. @graceforpersonalityhires The cheat no one is telling you about- you don’t have to look super polished if you look rich. In the north east, the look tends to be a bit dull lol but do what feels right for you ♬ original sound - grace mccarrick "It is so complicated to move up and get noticed in the workforce today," she said. The idea of 'dressing for success' is one of the only levers you can control to help you progress at work, she added. "People who put in the effort stand out like neon signs. They've upped their charisma factor by simply not being as schlubby as everyone else. They could be the most awkward person, but because they look good in a sea of wrinkled khakis with black sneaker 'dress shoes,' they're magnetic," she said. Setting boundaries Formal dress is also a way for employees to clearly distinguish between work and home life. "Work wear cues a performance state, whereas home wear signals a relaxation state," Hajo Adam, an organizational psychologist and professor at the University of Bath, told Business Insider. This separation might help people to actually switch off when work finishes. So, once the clock strikes 5 p.m. — go ahead, loosen up, and hang up your blazer, whether your desk is in the office or in your living room. Read the original article on Business Insider

China's Debt Model Creates Danger Of Stagnation Authored by Daniel Lacalle, The latest social financing figures from China show an economy that is increasingly relying on government debt while private demand for credit remains weak. The strength of the Chinese technology sector and its exporting companies gives enough room for leverage. However, behind the weak private sector credit demand lies an evident economic slowdown that the Chinese government acknowledges, challenging consumption patterns, a significant overcapacity problem, and the depth of the housing crisis. The current economic model, focused on delivering 5% real economic growth, requires larger doses of debt to achieve smaller increments of growth, especially productive sector growth. The government has focused on reducing debt and overcapacity imbalances while reorienting its exports and financial system to lessen dependence on the US dollar; however, the main challenge for the Chinese economy remains boosting consumer demand, despite rate cuts and easing financial conditions. To understand the intensity of debt of the Chinese model, we must go to the year 2000 and see the acceleration in the flow of debt, not just the current stock. At that time, real GDP growth was around 8–9%, so each percentage point of growth came with roughly 13–16 points of debt‑to‑GDP. Government debt was very low, at around 25% of GDP, and most leverage sat in the state-owned corporate sector with modest household debt. China was able to deliver near‑double‑digit growth with a total non‑financial debt ratio barely above 120% of GDP. By 2023, non‑financial sector debt had risen to about 285% of GDP, more than doubling its level of 2000. Chinese think‑tanks and official commentators put the “macro leverage ratio” closer to 300% of GDP by 2025, according to the Chinese Academy of Social Sciences. The macro leverage ratio rose by 11.8 percentage points to 302.3 percent in 2025, exceeding the 10.1-point increase reported in 2024. Over the same period, the trend of real GDP growth has slowed to roughly 4–5%, so each percentage point of growth now requires around 60–75 points of debt‑to‑GDP, more than three times the debt per point of growth required in 2000. Furthermore, it comes mostly from government debt. In January 2026, aggregate social financing jumped by 7.22 trillion yuan, significantly higher than in the same month of 2025 and above market expectations, consistent with 5% annual GDP growth and a larger composition of the public sector in the mix. Outstanding social financing reached 449.11 trillion yuan at the end of January, rising 8.2% year‑on‑year, while money supply (M2) rose by 9%.​ New yuan bank loans were 4.7 trillion yuan, about 420 billion less than a year earlier and significantly below consensus, showing the weak private‑sector credit demand and the prudent approach of Chinese customers and businesses to debt addition. RMB loans outstanding stood at 276.62 trillion yuan, up only 6.1% year‑on‑year, clearly below the pace of overall financing and money growth. The driver of credit growth in China is no longer households and private firms but the government and state-owned companies. The real estate problem has impacted Chinese families in numerous ways. Not only did most of them see the value of their homes decline, but many families invested in the attractive yields of real estate developers’ commercial paper, which led to large losses and even the wipe-out of savings for many. Additionally, despite the excess in supply of houses, prices have not fallen enough to warrant enough appetite for new mortgages, as affordability remains an issue and the traditional prudence of Chinese citizens when it comes to consuming and borrowing adds to the challenge. Beijing plans to issue 4.4 trillion yuan in local government special‑purpose bonds in 2025, 500 billion more than in 2024, looking to boost government investment and a “proactive fiscal policy,” knowing that raising taxes would be exceedingly negative for growth and consumption. Local governments are expected to issue more than 10 trillion yuan in bonds in 2025, including refinancing, general bonds, and new special bonds. The Chinese government knows that it can manage more debt but also sees the weak investment and household spending and acknowledges that large tax increases would be counterproductive.  However, to prevent future debt-driven stagnation, a focus on productivity is necessary. The official budget sets a deficit of 4% for 2025. However, once all budget items are consolidated, including government funds, special bonds, and off‑budget vehicles, this true fiscal deficit in 2025 is closer to 9%, up from 7.7% in 2024, according to Rhodium Group and JP Morgan. China increasingly relies on hidden or almost fiscal borrowing to support growth. With outstanding social financing now around 449 trillion yuan and real growth around 4–5%, each incremental point of GDP is increasingly linked with a much larger stock of debt than a decade ago. This rising credit intensity of growth may prevent a significant slowdown but may create a significant fiscal challenge in the future. The Chinese model demands high growth and low taxes; any change to the fiscal system will be negative. For years, local governments relied on the sale of land for property development to collect tax receipts. Thus, the drag from real estate is evident in the economy and in fiscal sustainability. Real estate development investment fell 13.9% year‑on‑year in the first three quarters of 2025, with residential investment down 12.9%, the steepest drop since 2021, according to official figures. Property investment and sales both posted double‑digit declines in 2024, and forecasters expect real estate investment to fall another 11% and sales to drop 7.5% in 2025, according to Reuters, with further declines in 2026 before stabilizing only in 2027… if it happens as fast as consensus estimates. The property sector, once a key engine for economic growth and tax receipts, absorbs new credit to stabilize its accounts without boosting growth or creating a multiplier effect. Additionally, China’s industrial capacity utilization remained at 74.9% at the end of 2025, well below the 78.4% peak reached in 2021. Overcapacity is clear in steel, autos, legacy chips, and parts of sectors like green tech, where expansion has surpassed domestic and external demand. Thus, the purchasing managers’ indices show weak new orders and foreign demand, while bankruptcies and insolvencies have risen, although not to levels that would indicate a financial crisis.​ The Chinese economy needs to reopen, improve investor and legal security and allow the housing slump to materialize fully to see the type of productive economic growth it needs to avoid much larger increases in debt. Otherwise, the risk of stagnation will likely be elevated as population growth stalls, overcapacity remains, and the stock of unsold property becomes a larger liability.   Tyler Durden Mon, 02/16/2026 - 22:25

Investor Kevin O'Leary cautioned that 80% of businesses fail within their first 36 months, attributing this high failure rate to the draining impact of high customer acquisition costs on startups.

Punjab Chief Minister Maryam Nawaz on Monday said that the PTI-led Khyber Pakhtunkhwa was living in the stone age, critising the province’s government for not taking steps for development in the age of technology. Addressing a laptop distribution scheme at a Gujrat university, CM Maryam highlighted that students in Punjab had access to Honhaar scholarships, laptop schemes, Parwaz Card, green buses and technical training programmes. “So there is Honhaar here, and incitement there, but this is nothing to rejoice about,” she said, adding that she was extremely upset that the “people of KP were still living in the stone age”. Maryam stated: “They do not know what development is. They do not realise that Honhaar scholarships also exist if one does not have the resources for their child’s studies. “They do not know that you must have a gadget or a laptop or an iPad or a computer in your hands if you are to meet global standards in today’s age.” Indirectly noting that the PTI had been in power in KP for the past “13 years”, she said the public there “does not even know what development is”. The chief minister quipped that the KP government’s response to every need was that it was providing them “awareness”. Maryam emphasised that blocking major roads in KP did not affect the businesses in Punjab but rather the economic activity of KP itself. During her address, Maryam also recalled the time when her mother Kulsoom Nawaz was hospitalised due to cancer in 2017 and 2018, as well as when her father and ex-premier Nawaz Sharif was ill during his imprisonment in 2019. Noting that Nawaz was in his 70s when he was jailed, the Punjab CM said, “He got sick after multiple heart attacks and his platelets dropped. He had cardiac pain [but] such a joke was made out of his ailment.” She continued: “When my father and I were in jail, my mother was diagnosed with cancer and her disease was ridiculed so much; it was even said that she was not sick and it is all a drama.” Maryam then recalled that Kulsoom was on a ventilator in a London hospital when certain individuals “entered the ICU through deception by wearing doctors’ uniforms to verify whether it was true or false”. “When my mother passed away, my father said, ‘One has to die to prove their innocence here’,” she said, adding that she was in a jail cell when Nawaz informed her about Kulsoom’s death. The PML-N leader then played some old video clips of ex-premier Imran Khan from when he was in power. In the clips, the PTI founder threatened to get the TV and air conditioner removed from the prisons of the PML-N leadership. Maryam asserted: “I am swearing by God that till today, neither I nor Nawaz Sharif or Shehbaz Sharif even thought of removing his AC or shutting off his food and TV. “In fact, Nawaz Sharif said one day that he (Imran) has one AC, give him two ACs as he should not face any problems.” She further said she was the “first woman” to be locked in the National Accountability Bureau’s (NAB) jail and a cell had to be vacated for her as they did not have a dedicated women’s prison. The Punjab CM then played another video of ex-PM Imran, wherein he commented on the “long list” of health issues Nawaz was facing. “You can have differences on policies and policies, but you cannot turn political disagreements into personal enmities,” Maryam emphasised. “My children, you must never do this,” she told the audience, referring to the actions taken by the PTI government of jailing PML-N leadership and “making fun” of the ailments. “The time circles back, but my father was telling me at dinner the other day to never wish bad for even one’s political opponents,” she said. “You all must not do what he or his party is doing,” the politician stressed. “Those who are ill, we pray that God may give them recovery soon,” she added. Speaking on Imran’s current health issues, Maryam said, “The kind of facilities and the doctors he needs are being provided to him, and I am telling you this on oath that no one wishes ill for him.” She called for lies, accusations, incitement, vandalism and fitna to be “thrown out” of politics.

Lawyer Erjon Kanxheri, invited to the show "Studio24," has raised serious concerns about how the tax administration treats businesses, emphasizing the lack of clear standards and

Dorian Teliti, an expert and coordinator for the Democratic Party, stated that the Albanian economy requires a 'balance sheet cleaning' and raised concerns about how honest businesses are being treated by tax authorities amid debates on fiscal amnesty.

The Pacific city is cleaning up and returning to normality as businesses and tourism reopen. Here's the latest on cleanup operations and flight schedules. The post MND Local: How is Puerto Vallarta today? appeared first on Mexico News Daily

Small businesses are increasingly implementing credit card surcharges to offset processing fees, a trend reflecting their adaptation to rising operational costs.

The European Commission has approved a Greek state aid scheme totaling 400 million euros to support strategic investments by businesses in clean technologies.

Alphabet (GOOG) has reported sustained growth across its main businesses, indicating a positive financial performance.

After years of economic stagnation, German businesses are showing signs of recovery, with new industrial orders rising sharply, driven by public and private investments and military rearmament.

Tourists watch a column of smoke after members of organized crime carried out roadblocks and burned down some businesses following a military operation Stringer/Reuters This post originally appeared

Hundreds of residents and local businesses are protesting planned evictions from church-owned properties in Kraków's historic Kazimierz district to make way for a new hotel development.

Taiwan has introduced a new cybersecurity guide designed to help businesses enhance their digital defenses and protect against cyber threats.

A report indicates a dismal state for small businesses in the current economic climate, highlighting challenges faced by the sector.

A road blockade at Arra e Gurrës is severely impacting the economy of southeastern Albania, leading to increased costs, higher prices, and a reported 70% cancellation of bookings, according to local businesses.

US president had said he would raise levy to 15% after last week’s supreme court ruling Business live – latest updates Donald Trump’s new global tariffs have taken effect at 10%, even though he had threatened a higher rate of 15% over the weekend, providing “some relief” for British businesses, according to a lobby group. After the US president suffered a defeat at the hands of the supreme court on Friday, which struck down his sweeping “liberation day” tariffs imposed last year, he angrily...

Lithuania's new tax reform is anticipated to significantly increase the tax burden, especially for small businesses, due to changes in personal income tax rates and the treatment of various activities.

British businesses experienced a second consecutive month of rebound in early 2026, reaching a two-year high in growth. However, jobs in the services sector are being sharply cut, partly attributed to higher taxes imposed by the Labour government, according to an S&P Global UK survey.

This article discusses the anticipated percentage Androulakis will receive at the congress, a significant conflict in Eastern Attica, and identifies the five most profitable businesses, alongside updates on the OPAPEE scandal inquiry.

A recent holiday period has delivered a broad boost to businesses across China, indicating strong economic activity.

Retailers in the UK are observing indications that the recent surge in crime affecting their businesses is finally beginning to slow down.

Eastworld Labs is exploring the concept of human-free businesses by integrating AI, autonomous agents, and robots into their operations.

Hours after the reported killing of Mexican drug lord Nemesio Oseguera, known as 'El Mencho,' armed individuals suspected to be his supporters blocked highways and set vehicles and businesses ablaze in several states.

A private survey in Japan found that approximately a quarter of businesses, mainly in retail, anticipate a positive impact from a consumption tax reduction, while nearly half expect no impact.

Following recent floods, Portuguese municipalities like Alcácer do Sal and Abrantes are reporting millions of euros in damages, with local officials lamenting bureaucratic hurdles in accessing aid for affected communities and businesses.

Democrats are calling for the government to refund billions of dollars collected from Trump-era tariffs, with a focus on prioritizing small businesses and encouraging larger companies to pass savings to customers.

The Sardinian Industry Department has launched its 2026 program with nine national and international events aimed at helping local businesses enter foreign markets.

Businesses are exploring various strategies and categories for implementing artificial intelligence, with a focus on integrating AI into marketing for sectors like hospitality and navigating the broader landscape of AI adoption.

Mexico's top beach was recently named by Tripadvisor as cartel violence sparks travel alerts. Isla Pasion in Cozumel won top honors as security concerns now exist.

This article explores key factors businesses should consider before splitting a software vendor's team.

A report highlights the increasing trend of private equity firms acquiring small businesses across America, challenging their often-negative reputation.

The US Supreme Court may have imposed a legal check on Donald Trump’s presidential power, but for global businesses and governments, the era of tariff turbulence is far from over, say experts.

Police are investigating several businesses that burned down in Værløse, Denmark.

Power cuts in parts of Accra have left businesses struggling to survive and residents counting heavy losses, with affected consumers calling for immediate intervention to restore stable electricity su

Mexico's most wanted cartel leader, Nemesio Oseguera Cervantes, known as "El Mencho," was killed by the government, sparking widespread violent reprisals. Cartel operatives retaliated by blocking roads, torching businesses, and vehicles across several states, demonstrating their power and reach. The unrest disrupted daily life, including transportation and events, highlighting the significant influence of organized crime.

Presidential Advisor on the government’s 24-Hour Economy, Goosie Tanoh, has stated that the policy is intended to motivate businesses to expand production willingly rather than compel them to operate

Mayors, residents, and businesses in the Penedès and Garraf regions are demanding the removal of tolls on the C-32 south highway, citing the collapse of the AP-7 and Rodalies transport systems.

Poland's president has approved a law, dubbed 'Lex Huawei,' which will allow the government to exclude risky telecommunications equipment manufacturers. Thousands of businesses will need to prepare for its implementation in about a month.

The Indian cultural hub of Nishikasai in Edogawa Ward is bouncing back post-pandemic with new businesses and reprising the lively celebrations of years past.

A new report reveals that 61% of Danish electricity grid hubs have little to no capacity for new customers, forcing businesses to delay their green transition efforts.

JPMorgan Chase has officially confirmed closing Donald Trump's and his businesses' bank accounts following the January 6th Capitol attacks. This admission arrives in a court filing for Trump's $5 bill

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While the Association of Family Businesses faced criticism for engaging with AfD representatives, regional Chambers of Industry and Commerce in East Germany have long held such discussions, stating they must address relevant issues.

Rising grocery prices, power bills drive informal kitchen businesses across Karachi

Refunds were not addressed by supreme court ruling, and they’ll likely play out in lower courts over extended period Top associations of American businesses are demanding to be repaid for Donald Trump

Forbes explores the potential functionality and implications of ChatGPT advertisements for small businesses.

A forum invites readers to discuss and share which businesses from earlier times they miss, fostering community engagement on nostalgic topics.

Canadian businesses are expressing concern and uncertainty following comments from Donald Trump that have sparked new questions about trade relations.

Carlo Thelen states that 2026 will be a crucial year for Luxembourg's economy, emphasizing the urgent need to strengthen the competitiveness of local businesses in a challenging geopolitical climate.

Forbes explores how small businesses can leverage 'coopetition'—a blend of cooperation and competition—to achieve mutual success.

Forbes explores strategies for businesses to thrive and innovate in the current era, characterized by advancements in electricity and energy.

Anna Breman said inflation expectations have been rising among economic forecasters and businesses.

Russian President Vladimir Putin has called on businesses to play a crucial role in addressing the country's falling birthrates by encouraging employees to have more children.

Investing In People Is How Businesses Strengthen Impact  Forbes

Immigration and Customs Enforcement (ICE) has increased its presence at truck stops, prompting businesses to review and prepare their hiring processes for potential scrutiny.

How A Water War Is Brewing Over A Drying Lake In Nevada Authored by John Haughey via The Epoch Times, A Nevada lawsuit trickling toward trial could determine how the nation’s most arid state balances the legal rights of upstream landowners to divert water from rivers for agricultural irrigation with the impacts those withdrawals have on downstream ecologies and economies. Water rights exceed water supply across much of the western United States. With many watersheds failing to deliver enough water for local needs, the suit is being watched by attorneys, state water managers, and federal agencies. It could potentially set a precedent in revising how states across the West regulate access to water. The Nevada case, filed by the Walker River Paiute Tribe and Mineral County, may also present an opportunity for a win-win solution, in which nonprofits and government entities purchase private water rights from willing upstream sellers and dedicate them to downstream public benefit. Without public-private intervention and the changes in state water law that the suit seeks, geologists and environmental experts agree the future is bleak for Walker Lake, a 13-mile long terminal lake about 75 miles southeast of Reno near the California state line in rural, sparsely populated Mineral County. The lake is completely dependent on diminishing Sierra Nevada snowmelt runoff into the Walker River—runoff that, for decades now, has been almost entirely diverted for irrigation by upstream farmers and ranchers. As a result, a desert oasis that once generated more than half of Mineral County’s economic activity through recreational pursuits such as fishing, migratory bird-watching, boating, and camping is now a lifeless “sludge pond,” while the town of Walker Lake faces an accelerating prospect of extinction. “The last fish was caught in 2013 or 2015, I believe. When the fish died, the fishing died; boating, recreation, that all just disappeared,” Mineral County Commissioner Tony Ruse said. “There were restaurants here. There were hotels here. There were businesses here. Now? All gone, just 300 residents struggling.” A Mineral County native, Ruse returned in 2020 after working 34 years as a Switzerland-trained chef in Europe and Asia, including 20 years in South Korea, to open The Big Horn Crossing, a restaurant and convenience store in a shuttered bait shop. It’s now Walker Lake’s only remaining retail business. “It was dead. There was nothing,” he told The Epoch Times. “We should be selling bait here. We should be selling fishing supplies. There should be boats parked in our driveway right now.” (Top) Mineral County Commissioner Tony Ruse fields a phone call at The Big Horn Crossing, a restaurant and convenience store that is the only remaining retail business in Walker Lake, Nev., in January 2026. (Bottom) Walker Lake, a town of fewer than 400 people, is anchored on the slopes of Mount Grant, but no longer supports a fishery, boat races, or the waterfront restaurants and hotels that once made it a desert oasis for tourists, anglers, and campers, in Mineral County, Nev., in January 2026. John Haughey/The Epoch Times Marlene Bunch and her husband Glenn lead the Walker Lake Working Group, created in 1991 to ensure water reaches the lake to sustain its recreational economy. “Upstream diversions have been our nemesis, and that’s what our legal case is for,” Bunch, a former Mineral County clerk and treasurer, told The Epoch Times. Bunch.has lived in Walker Lake since the 1960s. She recalls a 1991 discussion with Nevada Department of Wildlife fisheries biologist Mike Sevon about what would happen if water levels continued to drop. Diminishing Returns Walker Lake retains water flowing east 100 miles from California’s Bridgeport and Topaz reservoirs through Nevada’s Smith and Mason valleys and the Walker River Paiute Tribe’s reservation. According to the U.S. Geological Survey, its water levels have declined more than 160 feet since 1882. Nearly 30 miles long in 1850, the lake is only 12 miles long today. The runoff provided hydrological pressure that sustained area water wells, especially in Walker Lake, where Ruse said residents are seeing “very brackish” water coming from taps, a potential death knell for the town. “It’s getting harder and harder to keep the federal standards for potable water,” he said. “So there’s going to be a day—and I’m waiting for the call—that we need to put a reverse-osmosis system in, which we couldn’t afford to do.” Walker Lake and nearby Hawthorne, the Mineral County seat, struggle in the desert—Hawthorne has seen its population decline 60 percent from 10,000 in 1980 to just over 3,000 in 2020. Meanwhile, agriculture in the Smith and Mason valleys has thrived. (Top) Walker Lake has receded well beyond the sign on U.S. Route 95, in Mineral County, Nev., in January 2026. Decades ago, anglers could shorecast for fish that can no longer survive in the shrinking lake. (Bottom) Nevada’s Walker Lake, a 13-mile-long lake about 75 miles southeast of Reno near the California state line in rural Mineral County, was once more than 30 miles long and 160 feet higher than it is now, in Mineral County, Nev., in January 2026. John Haughey/The Epoch Times But with mountain runoff unreliable for decades now, when upstream users divert their share, little to no water makes it to Walker Lake, leaving once-bustling waterfront businesses marooned as hulking shells far from a distant, receding shore. The case, United States and Walker River Paiute Tribe v. Walker River Irrigation District, is not a new case, but ongoing litigation arising from a lawsuit filed in 1924. It’s part of a flood of litigation stemming from Walker River allocations, going back to 1902, when rancher Henry Miller sued Thomas Rickey over water rights on the river. A 1936 Walker River Decree issued by the Nevada U.S. District Court finalized water rights for more than 500 private landowners, primarily farmers and ranchers, within the Walker River Basin, including those in the Walker River Irrigation District, under a “first in time, first in right” policy that remains the standard almost a century later. Like Nevada, most western states allocate water by the policy, known as prior appropriation. Therefore, under the 1936 decree, upstream users have legal priority to Walker River water. But in 2015, Mineral County filed a lawsuit citing the public trust doctrine, the legal principle that certain natural and cultural resources be preserved for public use. The lawsuit claimed that under the public trust doctrine, it is the state’s duty to maintain minimum inflows into public waters, such as Walker Lake, to sustain environmental, wildlife, recreational, and economic resources. The U.S. District Court ruled in the county’s favor. The irrigation district appealed. The U.S. Ninth Circuit Court overturned the ruling; the public trust doctrine, it held, was a state law issue that had not been decided in Nevada. That kicked the case back to the Nevada Supreme Court, which in 2020 determined all Nevada waters will now be allocated under the public trust doctrine—but that already-issued water rights would not be, and can never be, reallocated. The Supreme Court of Nevada building in Carson City, Nev., in this file photo. In 2020, the court determined that all Nevada waters will now be allocated under the public trust doctrine. Steven Frame/Shutterstock The court directed Mineral County to recommend ways to restore the lake without reallocating water rights, and to work with the Walker Basin Conservancy, a nonprofit created in 2014 with federal funding initially secured by Sen. Harry Reid (D-Nev.) and the National Fish and Wildlife Foundation’s Walker Basin Restoration Program. In 2021, Mineral County amended its 2015 complaint to intervene in the decades’-long parallel suit by the Walker River Paiute Tribe seeking to boost Walker River flows into a reservation reservoir and secure water rights for 167,460 acres added to the reservation since 1936. The county’s complaint includes 24 “actions … necessary to restore and maintain Walker Lake’s public trust values.” After years of procedural delays, including a requirement to individually serve more than 1,000 watershed landowners across the country, the case is set to proceed into discovery. A potential trial looms. But an alternate “win-win” solution orchestrated by the Walker Basin Conservancy is gaining traction and could, perhaps, mitigate the need for a court-ordered resolution. ‘The Only Solution’ Since its creation, the conservancy has restored public access to 33 miles along the Walker River and purchased more than 13,700 acres of water rights, enough to restore about 60 percent of the river inflow biologists maintain is needed to restore the lake’s fishery. Conservancy CEO Peter Stanton and Water Program Director Carlie Henneman did not return emails and repeated phone requests for comment about the program from The Epoch Times. Nor did the Nevada Department of Conservation and Natural Resources, Walker River Irrigation District attorney Gordon DePaoli, or Walker Basin Working Group’s Oregon-based legal advisers, Jamie Saul of the Wild & Scenic Law Center and Kevin Cassidy of Lewis & Clark Law School’s Earthrise Law Center. Several attorneys representing different parties would only speak off-the-record, underscoring the contentious complexities of the case. A sign of the Walker River Paiute Tribe in Shurz, Nev., on Oct. 16, 2024. Walker Lake retains water flowing east 100 miles from California’s Bridgeport and Topaz reservoirs through Nevada’s Smith and Mason valleys and the Walker River Paiute Tribe's reservation. Frederic J. Brown/AFP via Getty Images Roderick E. Walston, an attorney with Best Best & Krieger in Walnut Creek, Calif., told The Epoch Times his clients above the Bridgeport Reservoir in California are apprehensive about Mineral County’s suit, which he said essentially demands the federal court to reallocate existing water rights under the public trust doctrine. “Our response is basically that the Nevada Supreme Court resolved that issue four years ago,” he said. Walston was a California deputy attorney general in 1983 and argued the Mono Lake case before the California Supreme Court. In that case, the state’s public trust doctrine was used to thwart Los Angeles from purchasing Mono Lake water rights that would have devastated the lake’s ecology and Sierra Nevada economies. “So I argued both the case in California Supreme Court 40-something years ago and then also argued the case in the Nevada Supreme Court about four years ago,” he said. Walston said the case could have “great impact” on water disputes in states that uphold the prior allocation doctrine. “This is an absolutely large case,” he said. Meanwhile, Mineral County District Attorney Ryan McCormick, who assumed his post seven weeks ago, told The Epoch Times he’s playing catch-up in reading filings “from decades and decades of litigation.” A sign is pictured at Walker Lake in Hawthorne, Nev., on Oct. 16, 2024. According to the U.S. Geological Survey, Walker Lake’s water levels have declined more than 160 feet since 1882. Nearly 30 miles long in 1850, the lake is only 12 miles long today. Frederic J. Brown/AFP via Getty Images “In a perfect world, if we get some specific performance and find a way to divert water back into the lake and have the levels rising again, that would be absolutely ideal,” he said, adding he isn’t privy to the reasoning behind all of the 24 actions assembled by the Walker Lake Working Group. It’s a complicated case in a long-litigated watershed but the best resolution is simple, McCormick said. “With the best interests of Mineral County, Hawthorne, and Walker Lake in mind here, we would like the lake to be receiving fresh water again. It would be nice to see some economic development right now, right?” But Walston said odds are slim the court will cast aside the state’s Supreme Court determination that existing water rights cannot be reallocated. Working with the conservancy and other groups to purchase water rights from willing landowners at $3,000 to $4,000 per acre foot—an acre of one-foot deep water—is a win-win for all involved, he said. “It’s the only solution, really. The Nevada Supreme Court has said you can’t just take water rights that have been adjudicated and take that water and put it into Walker Lake,” Walston said. “But you can go to various water users and negotiate with them and buy their water rights. In that case, then you could reallocate.” Tyler Durden Wed, 02/18/2026 - 22:35

Madison Square Garden Sports is considering splitting its New York Knicks and Rangers businesses to enhance strategic flexibility and provide clearer investor focus for each entity.

Kevin Dietsch/Getty Images; Getty Images; Rebecca Zisser/BI Tech's elite are taking their talents to South Beach — again. In January, David Sacks, the venture capitalist and crypto and AI czar, proclaimed that Miami will soon replace New York City as America's financial capital. Stripe's Patrick Collison has been marveling at the city's "boomtown" vibes. With California flirting with a one-time tax on billionaires, said billionaires like Larry Page, Sergey Brin, and Mark Zuckerberg are buying oceanfront mansions. And on Tuesday, Palantir announced that it's moving its headquarters from Denver to Miami. Is Miami the next Silicon Valley? We've been here before. The pandemic sent waves of coastal workers to the city, turning it into a Zoomtown full of online venture capitalists like Keith Rabois and Delian Asparouhov, bitcoin bull runners, and purveyors of the finest NFTs. Billboards went up in San Francisco featuring a mock tweet from then-Miami mayor Francis Suarez: "Thinking about moving to Miami? DM me." Here's the thing: It's easy to fall for Miami when a big chunk of the workforce is stuck at home and online. Five years later, it's a lot harder to build companies there. "Miami is great three months out of the year," says one prominent venture capitalist who moved to the city during the pandemic but is now returning to an established hub. While the Floridian tax benefits are real, the investor has found that the social scene hollows out in the summer as residents leave, making it "hard to build roots or have reliable friends." More critically for the startup ecosystem, the scene lacked the "hustle" of San Francisco or New York. Silicon Valley practically runs on a conveyor belt from Stanford and Caltech to Y Combinator's Dogpatch offices. The machine turns students into founders, builders into companies, and companies into the next wave of founders. Miami, meanwhile, lacks a major university to pipe in tech talent. Instead, the investor says, the city tends to attract people who have already "made it." Miami and Fort Lauderdale-based startups raised $3 billion in 2025. Bay Area-based startups raised $177 billion. The Miami market, while busy, significantly lags behind the major hubs. Startups in the Miami-Fort Lauderdale metro raised about $3 billion in 2025, per PitchBook, down from $8.6 billion in 2022, when money and crypto sloshed about. The Bay Area, by contrast, still grabs 52% of the nation's venture funding, with $177 billion in capital pouring in last year. Alligators may be all around in Miami, but unicorns are hard to find. In January, Cast AI, a startup that helps companies cut cloud costs, crossed the $1 billion valuation mark, becoming the region's first homegrown unicorn in years. Before that, Adam Neumann, the ousted WeWork cofounder, debuted his Miami residential real-estate venture, Flow, at a $1 billion valuation in 2022. Even Garry Tan, the Y Combinator president and gadfly who's usually first in line to dunk on San Francisco's politics, has been blunt about where the breeding grounds are best. Tan recently said on X that the accelerator still hasn't opened offices outside the Bay Area because founders are simply more likely to build unicorns there. According to a Business Insider analysis of Crunchbase data, of the at least 97 new unicorns that investors minted in 2025, 43 of them were based in the Bay Area. But those who dismiss the city entirely miss the point. Miami isn't the next San Francisco. It's establishing itself as something else. Patrick Murphy, a former Florida congressman and entrepreneur, says that Miami's tech scene is growing, it's just being built in "reverse order." Silicon Valley, he says, emerged from an if you build it, they will come approach: Engineers built great companies first, which eventually created fortunes that cycled back into the community to fund the next generation of companies. Miami, however, has a more if you come, they will build it tact. It's attracted the "wealth achievers" first — the family offices, private equity names, and already-successful founders who emigrated for lifestyle reasons. Finance heavyweights like Citadel and Thoma Bravo arrived early. Vanguard, one of the world's largest asset managers, is eyeing an expansion in Miami as it targets more Latin American wealth. The city is now importing the machinery that follows them. Legal, accounting, and consulting firms are opening local offices to stay close to clients — and scoop up star talent that no longer needs to live near HQ. This dynamic has established Miami as a "control center" for decision-makers, Murphy argues, but not yet the "factory floor" where the actual work gets done. Murphy says that despite running a successful construction-tech startup, Togal.AI, his engineering team has been offshore from the beginning because the local talent pool simply "didn't exist" when he started in 2019. "If you go to Miami, you're not going to see dozens of engineers at a Starbucks cranking away," he says. "That's not here yet." Still, Miami's flood of wealth is creating demand for startups built on the city's local economy, especially in property tech and fintech, Murphy says. Togal.AI's annual recurring revenue has grown 1,000% over the past two years, Murphy says, and is now raising fresh venture funding in order to hire dozens of new employees this year. Palantir's move immediately became a kind of Rorschach test for Miami's future. "Florida is the new crypto," one user wrote on X. Maya Bakhai, a Fort Lauderdale resident and founder of the early-stage venture firm Spice Capital, tells me that the city will flourish alongside "net new" industries that are still taking shape and where the center of gravity isn't locked in yet. Crypto firms like MoonPay and QuickNode still treat South Florida as a home base, she notes. A new space-tech accelerator backed by the state is trying to persuade founders to stick around by pairing them with funders. Bakhai's bigger bet is that just as New York became the hub for e-commerce, Miami could become the place where creator businesses get built. Research out of the University of Hong Kong found Miami has more top influencers per capita than New York or Los Angeles. And then there's Palantir, the strongest signal flare yet that tech is taking America's Playground seriously. It's hard to know what the data giant's HQ move will mean in practice — Palantir hasn't said how many employees it plans to relocate, or whether it will offer moving packages to lure talent south. The company did not respond to an email request for comment. If Palantir does move a meaningful slice of its workforce, it would give Miami something it's been short on: a marquee tech employer that can recruit and keep technical workers on the ground year-round. On X, Palantir's move immediately became a kind of Rorschach test for Miami's future. ""Florida is the future," cheered Andreessen Horowitz investor Katherine Boyle. Others were less convinced. "Florida is the new crypto," one user wrote. "For the next 20 years, nothing will change, but they will always tell you 'big things are happening in Florida.'" Turning Miami into Silicon Beach is a long game, Bakhai argues. It won't be built by the billionaires buying houses to snowbird in today, she argues, but by the young strivers arriving for their first serious jobs — the entry-level analysts heading to Citadel and the junior lawyers starting at firms like Orrick. For the first time, she says, ambitious graduates can launch careers in Miami instead of treating New York or San Francisco as the default. The payoff, she says, comes years later, when they eventually spin off to start their own companies. Until then, Miami remains largely a playground for the "made it" crowd, waiting in the sun for the builders to come. Melia Russell is a reporter with Business Insider, covering the intersection of law and technology. Read the original article on Business Insider

Work with Africa rather than in Africa. That is the message from Sanda Ojiambo, CEO of UN Global Compact, the world’s largest corporate sustainability initiative which aims to get businesses to follow the UN’s sustainable development goals. She sat down with our correspondent Tom Canetti to discuss the future of Africa's workforce and economy.

Nanao Credit Union, based in Ishikawa Prefecture, a region affected by the Noto Peninsula earthquake, has applied for 9.6 billion yen in public funds to support local businesses and recovery efforts.

Palantir is among several businesses and billionaires relocating to Florida, drawn by the state's business-friendly policies.

Genuine Parts Company outlines a plan to separate its automotive and industrial businesses, targeting completion in Q1 2027.

Japan's Fair Trade Commission has released reports on Apple and Google regarding their compliance with the 'Smartphone Law,' noting that while both companies claim to have opened their app markets, some businesses still report high fees, prompting potential corrective action from the commission.

KARACHI: The State Bank of Pakistan (SBP) has launched ‘Cyber Shield’, a comprehensive cyber resilience strategy, to counter growing global and domestic cyber threats to the financial ecosystem, aligning with international best practices. As part of its Vision 2028 agenda, the SBP launched Cyber Shield, a major initiative aimed at strengthening the safety and robustness of the country’s banking and financial system. The banks have been facing increasing incidents of cyber crimes, while the international organisations believe that every second Pakistani is facing the cybersecurity problem. With the rapid digitisation and very high growth of online payments, cyber threats have also increased. Bankers said the situation is not alarming, but there is a need to implement quick remedies to control it, which would help strengthen the banking system in Pakistan. Outlines key priorities to counter growing threats by 2030 “The milestones laid down in the strategy will be implemented in a phased manner by 2030. All regulated entities are required to align their internal cybersecurity programs with the strategy to ensure compliance,” said the SBP. The central bank said the strategy has been designed to better protect banks and financial institutions from cyber threats, thus ensuring that people and businesses can continue to access financial services safely. The SBP said it set out a clear roadmap to help financial institutions strengthen their systems and controls, prevent cyber incidents, respond quickly when cyber threats materialise, and recover effectively from them. “As the banking ecosystem faces increasingly sophisticated cyber threats, the strategy aims to enhance cyber defences of the regulated entities through a holistic, forward-looking and collaborative approach,” said the SBP. Bankers said cybersecurity experts are not available to meet the growing demand in financial institutions, as many young Pakistani experts prefer jobs abroad with higher pay. There is no attractive policy to retain cybersecurity experts in the country. The SBP said the Cyber Shield focuses on five key priorities: strengthening the ability of banks to withstand cyber incidents, improving governance and accountability for cybersecurity, encouraging cooperation and information-sharing across the financial sector, building skilled cyber talent, and continuously updating security practices to keep pace with new risks. “The SBP will closely monitor both global and domestic cyber developments and will update the strategy as needed to address emerging threats,” said the SBP. By strengthening cyber resilience across the banking sector, SBP aims to safeguard customers, support digital innovation in a secure environment and ensure financial stability, it added. About 90 per cent of bankers believe that cybercrime is the biggest challenge confronting the banking industry in the country, according to a previous survey conducted by PricewaterhouseCoopers (PwC) Pakistan. Seventy per cent list fraud as their major concern, and 60 per cent believe terrorism financing is the biggest threat, the survey showed. “Banks in Pakistan operate within an evolving financial crime compliance ecosystem,” said the survey report. Published in Dawn, February 17th, 2026

An informational guide details which services and businesses will be open or closed on the upcoming Presidents Day holiday in 2026.