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Landslide in south-western China’s Chongqing traps people under rubble, destroys buildings

Chinese state media is reporting that a large landslide has occurred in Chongqing, in the country’s south-west. Several residential buildings have been damaged and people have been buried under rubble, according to CCTV. Footage from the scene shows large boulders lying over a roadway amid collapsed buildings, including houses. People can be seen running from…

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Treasurer Jim Chalmers says AI central to raising productivity and lowering interest rates

Treasurer Jim Chalmers says artificial intelligence is central to his aim to turn around Australia’s lagging productivity, which could ultimately help lower interest rates.  Productivity and real wages growth have been generally stagnant in Australia for more than a decade, with business investment also generally weak, albeit with recent signs that capital expenditure is starting…

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New York: This tech billionaire lived six months a year on his 233-foot superyacht to avoid paying property taxes on land in California and New York

Decades before billionaires started fleeing, this genius built a 233-foot superyacht and lived on it Decades before the world’s richest people began leaving high-tax states like California and New York for Florida and Texas, one tech mogul quietly found his own way to avoid local taxes, strict building rules, and the need for a permanent…

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