Could higher interest rates push US debt-to-GDP to 132% by 2035? Goldman Sachs warns

Goldman Sachs warns higher US interest rates could push debt-to-GDP to 132% by 2035.

Goldman Sachs has warned that rising US interest rates could make the country’s huge debt problem even worse. The investment bank said persistently high rates could increase the cost of servicing the US national debt and put more pressure on government finances. Goldman Sachs warns higher US interest rates could push debt-to-GDP to 132% by … Read more

A 97-year-old Brisbane bowls club facing demolition is saved in a $6 million deal after Bowls Queensland rejected an offer $1 million higher to keep both greens

A 97-year-old Brisbane bowls club facing demolition is saved in a $6 million deal after Bowls Queensland rejected an offer $1 million higher to keep both greens

Griffin Hospitality plans to renovate the clubhouse, bar and kitchen while retaining the atmosphere and character associated with the club. The aim is to make the venue more welcoming for bowlers, families and visitors while keeping the sport at its centre. For a club that spent years staring down the prospect of demolition, the future … Read more

In 2021, researchers began placing concrete-block oyster reefs in bare eelgrass patches on Prince Edward Island; within two years biomass was about 45 times higher and 45 taxa had colonised the structures

In 2021, researchers began placing concrete-block oyster reefs in bare eelgrass patches on Prince Edward Island; within two years biomass was about 45 times higher and 45 taxa had colonised the structures

Representative Image (AI-generated) What started as piles of concrete blocks on the seafloor off Prince Edward Island soon became a magnet for marine life. Researchers began installing the artificial oyster reefs in 2021 to test whether they could provide some of the ecological functions lost from areas where eelgrass no longer grew. Within two years, … Read more

Iran war costs US $45.1 billion; fatalities possibly higher than 18 reported by Pentagon

Iran war costs US $45.1 billion; fatalities possibly higher than 18 reported by Pentagon

File photo: Shredded tents, destroyed jet: Images reveal hidden scale of Iranian strikes on US Gulf bases The human and material cost of America’s war with Iran is proving larger than previously disclosed, with the Pentagon telling Congress that the conflict has cost $45.1 billion so far, while a Washington Post report said the number … Read more

A 25-year-old was outbid by $60,000 for a 116-year-old cottage; her handwritten letter convinced the owner to reject higher developer bids and sell it to her

A 25-year-old was outbid by $60,000 for a 116-year-old cottage; her handwritten letter convinced the owner to reject higher developer bids and sell it to her

She wrote about her family ties to Malanda, her childhood nearby and her hopes of eventually raising children in the town she had always considered home. The personal appeal made an impression. In a property market where a higher offer can seem impossible to beat, Karli Bryant discovered that sometimes a house is worth more … Read more

US 10-year Treasury yield hits 5%: Will oil prices and Fed rate decision push yields even higher?

US 10-year Treasury yield rises above 5% amid oil and inflation fears (AFP)

The yield on the US 10-year Treasury note climbed to 5.02% on Tuesday, rising as much as 4 basis points. This is the highest level since 2007, meaning the yield has reached a level not seen in almost two decades. US 10-year Treasury yield rises above 5% amid oil and inflation fears (AFP) The move … Read more

A self-made billionaire couple gave San Francisco State University $25 million in XRP, one of the largest crypto donations to US higher education

A self-made billionaire couple gave San Francisco State University $25 million in XRP, one of the largest crypto donations to US higher education

PC: San Francisco State University A self-made billionaire couple gave San Francisco State University a $25 million gift, with a large portion of the donation made in XRP, making it one of the biggest cryptocurrency contributions to US higher education at the time. Chris Larsen, an SF State alumnus, and his wife Lyna Lam donated … Read more

In 1998, Costa Rica spread 12,000 tonnes of orange waste over degraded pasture; 16 years later, tree diversity had tripled and forest biomass was 176% higher

In 1998, Costa Rica spread 12,000 tonnes of orange waste over degraded pasture; 16 years later, tree diversity had tripled and forest biomass was 176% higher

Aerial view of the orange peel-treated area (right) and untreated pasture (left), surveyed by Princeton researchers. In the late 1990s, an unusual conservation experiment began in Costa Rica when ecologists proposed using orange peels and pulp to help restore a badly degraded piece of land inside a national park.For this, orange juice company Del Oro … Read more