House-hacking: How some Central Florida millennials are affording the American Dream
As home prices and mortgage rates climb, some folks wanting to buy their first home are having to get creative. News 6 investigator Merris Badcock spoke to Orlando homeowners who figured out how to buy their first homes making less than $50,000 dollars a year.
Toys ‘R’ Us announces new store with ice cream parlor and slide
Toys 'R' Us plans to open physical store. Rendering of planned store at American Dream. (Hand-out/American Dream,WHP Global)BERGEN COUNTY, N.J. — Toys “R” Us announced a big comeback with a two-story flagship store that will span 20,000 square feet in a press release. Toys “R” Us filed for bankruptcy in 2017, then closed all of its stores in the United States the next year, USA Today reported. Outside of the United States, there are approximately 900 Toys “R” Us stores globally, CNBC reported.
wftv.comUS service sector expands at record pace in October
The U.S. services sector, where most Americans work, grew again in September even as supply chain troubles persisted. The Institute for Supply Management reported Tuesday, Oct. 5, 2021 that its monthly survey of service industries rose to a reading of 61.9, following August’s reading of 61.7. The Institute for Supply Management reported Wednesday that its monthly survey of service industries jumped to a reading of 66.7. All 18 services industry categories reported growth in October, led again by retail trade. Any reading above 50 indicates growth in service industries.
wftv.comInflation rises 5.4% from year ago, matching 13-year high
The Institute for Supply Management reported Tuesday, Oct. 5, 2021 that its monthly survey of service industries rose to a reading of 61.9, following August’s reading of 61.7. (AP Photo/Ted Shaffrey, file) (Ted Shaffrey)WASHINGTON — (AP) — Consumer prices rose 0.4% last month, slightly higher than August's gain and pushing annual inflation back to the highest increase in 13 years. The consumer price index rose 5.4% in September from a year ago, up slightly from August's gain of 5.3% and matching the increases in June and July. Excluding the volatile food and energy categories, core inflation rose 0.2% in September and 4% compared with a year ago. Average hourly wages rose 4.6% in September from a year earlier, a healthy increase, but not enough to keep up with inflation.
wftv.comBooms in Idaho, Utah buck the curve of slowing US growth
Utah is one of two Western states known for rugged landscapes and wide-open spaces that are bucking the trend of sluggish U.S. population growth. The boom there and in Idaho are accompanied by healthy economic expansion, but also concern about strain on infrastructure and soaring housing prices. “I don’t ever remember seeing anything like this,” said Bill Rauer, executive officer of the Idaho Building Contractors Association in southwest Idaho, the state’s most populous area. One in five of those came from California, many of them retirees seeking lower housing prices and some of the most pristine wilderness in the continental U.S. In 2019, Utah housing prices surged nearly 11%, while incomes rose less than 4%.
wftv.comBooms in Idaho, Utah buck the curve of slowing US growth
Utah is one of two Western states known for rugged landscapes and wide-open spaces that are bucking the trend of sluggish U.S. population growth. The boom there and in Idaho are accompanied by healthy economic expansion, but also concern about strain on infrastructure and soaring housing prices. “I don’t ever remember seeing anything like this,” said Bill Rauer, executive officer of the Idaho Building Contractors Association in southwest Idaho, the state’s most populous area. One in five of those came from California, many of them retirees seeking lower housing prices and some of the most pristine wilderness in the continental U.S. In 2019, Utah housing prices surged nearly 11%, while incomes rose less than 4%.
wftv.comFiercely proud of their home, residents of the Southeast Side — long a toxic dumping ground — are rising up against polluters
“We were almost there, sharing the American Dream. We were almost middle class,” he said inside his Commercial Avenue art studio. “They (mill owners) had made a deal with Ford and everybody was buying cars. It was a time of plenty, until that dreadful day when everybody showed up at work and the mill was closed. The end of an era.”
chicagotribune.comDuckworth offers hope to restaurant industry workers, says relief bill ‘very close’
“This is the biggest demand for housing and food assistance we’ve seen since the Great Depression,” he said. “Congress isn’t acting like they’re aware that 2.1 million people in our profession are out of work. I used to have 250 employees; now we have 80. People who worked with me and have gone on to open their own restaurants, making major contributions to their neighborhood — and that’s the American Dream, isn’t it? We’re seeing neighborhoods being shattered because the American Dream is being shattered.
chicagotribune.comThe American Dream megamall in New Jersey reopens, putting Triple Five's experience strategy to its biggest test
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Almost seven months later, American Dream is finally swinging open its doors to the public. It'Sugar, which boasts a towering candy store next to the water park at American Dream, filed for bankruptcy protection last month. New Jersey, which is home to some of the best-performing malls in the country, doesn't have anything quite like American Dream, which sparks some optimism. "We believe, if you're going to choose to go shopping somewhere, you're going to go somewhere that's new and fresh and exciting and different," Mark Ghermezian said.
cnbc.comA look inside the American Dream megamall in New Jersey, as it reopens during the pandemic
Shut for nearly seven months because of the coronavirus pandemic, the American Dream megamall in New Jersey reopens Thursday. American Dream has experienced numerous setbacks, including delayed openings, in the course of its history under various owners. American Dream has new safety precautions due to the pandemic. Not everything is opening Thursday at American Dream. CNBC visited American Dream earlier this week, ahead of the grand reopening.
cnbc.comStalled by coronavirus pandemic, American Dream rethinks its future and retail becomes an afterthought
Source: American DreamIt is becoming even harder to call American Dream a megamall. Now, the project will be roughly 70% entertainment and 30% retail, according to its developer, Triple Five Group. American Dream shifting its leasing strategy amid this pandemic could serve as the most damning evidence we have seen against the retail industry to date. The only retail at American Dream, so far, had been a towering IT'SUGAR candy store. But the one silver lining in the situation if there ever was one has been being able to rethink the future of American Dream, the co-CEO said.
cnbc.comMellody Hobson: Financial illiteracy is 'dangerous' for society
Investment expert Mellody Hobson is the epitome of the American Dream. Her childhood included frequent evictions from their homes in Chicago and, at times, heating bath water on hot plates, Hobson once told Vanity Fair. Mellody Hobson Ariel InvestmentsHobson also sits on the boards of J.P. Morgan, Starbucks and video content company Quibi. NEW YORK, NY - OCTOBER 25: Presenter, Mellody Hobson speaks at the Breast Cancer Research Foundation (BCRF) New York Symposium & Awards Luncheon at New York Hilton Midtown at New York Hilton Midtown on October 25, 2018 in New York City. Michael Loccisano | Getty Images Entertainment | Getty ImagesCHICAGO, IL - DECEMBER 06: Singer Bono and the chair of The Economic Club of Chicago Mellody Hobson during the Economic Club of Chicago Dinner Meeting at Hilton Chicago on December 6, 2018 in Chicago, Illinois.
cnbc.comHere's a first look inside the $5 billion American Dream mall
Visitors finally took their first steps inside the American Dream mall on Friday. An estimated 2,500 people visited the mall on Friday, according to an American Dream press release. On its website, American Dream lists parking prices listed for $3-$24. Phil Murphy, the governor of New Jersey, called the first phase opening a "great first step." "There's that great line, 'I don't know how to define it, but I'll know it when I see it.'
cnbc.comA law from the 1600s will keep retail shops closed on Sundays at the nation's newest shopping mall
So-called blue laws are still in place in Bergen County, New Jersey, where Triple Five Group's American Dream is situated. Until the 1990s, blue laws prohibiting the sale of clothes, home goods, appliances and other goods were much more common nationwide. The name "blue laws," according to historians, comes from the fact that the Puritans tended to write their laws on blue paper. New Jersey's blue laws, prohibiting work on Sundays, have been on the books since the 1600s. Hudson County was the last one, outside of Bergen County, to repeal its blue laws, in the 1980s.
cnbc.comMeet Triple Five Group: The real estate developers behind New Jersey's 'American Dream' mega mall
The American Dream project in New Jersey is scheduled to begin opening to the public later this month, starting with the Nickelodean theme park. Triple Five kicked off construction on American Dream in 2013. We put it on steroids, went crazy and built American Dream." That dovetailed into the Ghermezian family creating a real estate holding company, which became Triple Five. However, the company doesn't refer to American Dream as a mall, though others may.
cnbc.comEp. 112 Florida Foodie - Chef Jenn Ross of Dajen Eats
ORLANDO, Fla. - A Central Florida chef is really living the American Dream. Jenn Ross came to the U.S. from Jamaica at the age of 16. That grew until she was able to open up restaurant inside a gas station. From there, she grew her brand of Caribbean-inspired vegan cuisine and now, her cafe, Dajen Eats, is becoming a fixture in her community. Ross talks with us about learning to cook, becoming a vegan and making her favorite Jamaican dishes without meat.
Brits are looking for work in these US locations, according to Indeed
California is the most popular state among U.K.-based jobseekers chasing the American Dream, according to new research. The West Coast cities of Los Angeles and San Francisco were the second and third most popular cities for job searches, with New York City topping the list of most popular U.S. work destinations among Brits. Washington, D.C., and Boston rounded out the top five cities British people wanted to work in. British workers' share of inbound job searches has fallen by 19% since November 2016, placing the U.K. third behind India and Canada in international candidates looking for U.S. opportunities. The data also showed that people in the U.K. who wanted to work in the U.S. were mostly looking for positions in customer service, summer internships and research assistant roles.
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