#spending

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from Independent
1 week ago

Evening Tally: Is it desperation that's driving Simon Harris to make so many wild spending announcements?

Fine Gael is prioritizing promises over fiscal responsibility, reminiscent of past financial recklessness.

This US President Increased the National Debt by Over 700%

The U.S. national debt is at an unprecedented and unsustainable level, with 2024 marking a critical financial tipping point.

I Spent Thousands to Save My Cat's Life. Now My Friend Won't Shut Up About How Stupid That Is.

People have different spending priorities when it comes to their pets, reflecting personal values and commitments.
#meta

Meta's going to spend like crazy on AI in the next year - and investors don't hate it

Meta's second-quarter revenue surpassed expectations, rising to $39 billion despite plans for increased spending on AI research and development.

Why Zuckerberg's multibillion-dollar gamble doesn't just matter to Meta

Spending on AI could reach $1tn, prompting concerns over returns. Meta's Llama 3.1 405B AI system launched for free by Zuckerberg.

Meta set to report second-quarter earnings after the bell

Meta focuses on heavy spending on artificial intelligence and the metaverse for future growth.

Meta's going to spend like crazy on AI in the next year - and investors don't hate it

Meta's second-quarter revenue surpassed expectations, rising to $39 billion despite plans for increased spending on AI research and development.

Why Zuckerberg's multibillion-dollar gamble doesn't just matter to Meta

Spending on AI could reach $1tn, prompting concerns over returns. Meta's Llama 3.1 405B AI system launched for free by Zuckerberg.

Meta set to report second-quarter earnings after the bell

Meta focuses on heavy spending on artificial intelligence and the metaverse for future growth.
moremeta

HMRC boosts data scientist numbers | Computer Weekly

HMRC increased data science expertise spending significantly, with a 55% rise in payroll and 39% increase in staff headcount over three years.

Hal Steinbrenner wants to lower the payroll and the Yankees have decisions to make

The New York Yankees are planning to dial back on their spending and reduce the team's payroll in upcoming seasons.
#inflation

Inflation rises to 3.4% | CBC News

Canada's annual inflation rate increased to 3.4% in December.
Gasoline, air travel, passenger vehicles, rent, and food prices contributed to the inflation increase.

Fed rate cuts unlikely thanks spending by rich Americans

Older Americans are fueling the economy with increased spending on higher-priced services like travel, health care, and entertainment.

Inflation rises to 3.4% | CBC News

Canada's annual inflation rate increased to 3.4% in December.
Gasoline, air travel, passenger vehicles, rent, and food prices contributed to the inflation increase.

Fed rate cuts unlikely thanks spending by rich Americans

Older Americans are fueling the economy with increased spending on higher-priced services like travel, health care, and entertainment.
moreinflation
#premier-league

Arteta: Chelsea spending means success will come

Big spending is crucial for Premier League success.

January transfer window 2024: How much Premier League clubs spent compared to previous seasons

Premier League clubs were reluctant to spend in the 2024 January transfer window
Crystal Palace spent the most out of any top flight club

Premier League spending drops drastically compared to January 2023 window

Premier League clubs drastically reduced spending in the January transfer window, with a total of 96.2m spent compared to 780m in January 2023.
Chelsea did not recruit any players in this window, as clubs were wary of breaching the league's Profit and Sustainability Rules.

The 10 most expensive Premier League signings from the 2024 January transfer window

Premier League clubs spent significantly less in the January 2024 transfer window compared to the previous year.
Some elite clubs refrained from making new signings to avoid breaching financial rules.

With a week to go, why has the Premier League transfer window been so quiet?

Premier League clubs have spent significantly less in the current transfer window compared to the previous year.
Financial fair play rules and profit and sustainability rules are causing clubs to be cautious with their spending.

Seven reasons Premier League's transfer window was kind of meh

Premier League spending in the January transfer window decreased significantly compared to previous years.
The slow nature of the January window, along with Chelsea's outlier spending in 2023, contributed to the lack of significant transfers this year.

Arteta: Chelsea spending means success will come

Big spending is crucial for Premier League success.

January transfer window 2024: How much Premier League clubs spent compared to previous seasons

Premier League clubs were reluctant to spend in the 2024 January transfer window
Crystal Palace spent the most out of any top flight club

Premier League spending drops drastically compared to January 2023 window

Premier League clubs drastically reduced spending in the January transfer window, with a total of 96.2m spent compared to 780m in January 2023.
Chelsea did not recruit any players in this window, as clubs were wary of breaching the league's Profit and Sustainability Rules.

The 10 most expensive Premier League signings from the 2024 January transfer window

Premier League clubs spent significantly less in the January 2024 transfer window compared to the previous year.
Some elite clubs refrained from making new signings to avoid breaching financial rules.

With a week to go, why has the Premier League transfer window been so quiet?

Premier League clubs have spent significantly less in the current transfer window compared to the previous year.
Financial fair play rules and profit and sustainability rules are causing clubs to be cautious with their spending.

Seven reasons Premier League's transfer window was kind of meh

Premier League spending in the January transfer window decreased significantly compared to previous years.
The slow nature of the January window, along with Chelsea's outlier spending in 2023, contributed to the lack of significant transfers this year.
morepremier-league

Canada's Trudeau government asks rich to pay more in pitch to Gen Z

Canada proposes higher capital gains taxes and increased spending on education, housing, jobs, and mental health services to address key issues and gain voter support.

Arsenal could have 300m this summer to spend, as Mikel Arteta targets European domination

Arsenal planning significant spending spree
Focus on player sales for revenue generation
#transfer-window

Bayern, Atletico win transfer window; Saudi league the biggest loser

The January transfer window in 2024 saw significantly less spending compared to previous windows due to new financial regulations and a lack of available options.
Bayern Munich and Atletico Madrid were among the winners of the transfer window, making strategic signings that will strengthen their squads.

The best starting XI of 2024 January transfer window signings

Clubs in Europe's biggest leagues made use of the January transfer window, but there was a drop in spending compared to previous years.
Notable signings include Eric Dier's loan to Bayern Munich and Marcos Leonardo's move to Benfica.

Bayern, Atletico win transfer window; Saudi league the biggest loser

The January transfer window in 2024 saw significantly less spending compared to previous windows due to new financial regulations and a lack of available options.
Bayern Munich and Atletico Madrid were among the winners of the transfer window, making strategic signings that will strengthen their squads.

The best starting XI of 2024 January transfer window signings

Clubs in Europe's biggest leagues made use of the January transfer window, but there was a drop in spending compared to previous years.
Notable signings include Eric Dier's loan to Bayern Munich and Marcos Leonardo's move to Benfica.
moretransfer-window

5 Biggest Ways Startups Waste Money (and What to Do Instead) | Entrepreneur

Don't waste money on a fancy branding agency; ask customers for input and find a young designer instead
Don't sponsor events and trade shows until you have proven product-market fit and can acquire new customers profitably
#taxes

NYC Council budget alternatives are non-starters

The New York City Council is proposing to spend reserve funds meant for a true crisis and increase taxes, despite Mayor Adams' call for budget cuts.
City spending has increased by 52% over the last decade while the quality of life in New York City has deteriorated.

Hochul's budget isn't terrible - but will she stand up to lawmakers who will want to make it so?

Gov. Hochul's budget proposal for next year does not include any new taxes.
The budget aims to keep overall spending roughly flat and slow the growth of school aid.

Voters say California's budget deficit is an 'extremely serious' problem, poll finds

Half of California registered voters consider the state budget deficit an 'extremely serious' problem. 57% believe the state is headed in the wrong direction.
The state budget relies heavily on capital gains taxes paid by California's highest earners, making state revenues prone to volatility in the stock market.

Labour and Tories need to be honest about economic trade-offs, says IFS

The next UK government will face tough choices regarding taxes and spending due to weak growth and high debt interest payments.
The Institute for Fiscal Studies warns that budget tax cuts risk being reversed or paid for by spending cuts.

NYC Council budget alternatives are non-starters

The New York City Council is proposing to spend reserve funds meant for a true crisis and increase taxes, despite Mayor Adams' call for budget cuts.
City spending has increased by 52% over the last decade while the quality of life in New York City has deteriorated.

Hochul's budget isn't terrible - but will she stand up to lawmakers who will want to make it so?

Gov. Hochul's budget proposal for next year does not include any new taxes.
The budget aims to keep overall spending roughly flat and slow the growth of school aid.

Voters say California's budget deficit is an 'extremely serious' problem, poll finds

Half of California registered voters consider the state budget deficit an 'extremely serious' problem. 57% believe the state is headed in the wrong direction.
The state budget relies heavily on capital gains taxes paid by California's highest earners, making state revenues prone to volatility in the stock market.

Labour and Tories need to be honest about economic trade-offs, says IFS

The next UK government will face tough choices regarding taxes and spending due to weak growth and high debt interest payments.
The Institute for Fiscal Studies warns that budget tax cuts risk being reversed or paid for by spending cuts.
moretaxes

Martech set to exceed $215 billion by 2027 | MarTech

Global martech spend is projected to surpass $215 billion annually by 2027.
B2C marketing organizations spent 18% of their budget on martech in 2023.
#offseason

The willful ignorance of the vocal contingent of Mets fans

The lack of spending by the Mets this offseason is more reflective of a new mentality for the team, rather than just the market.
Mets fans were skeptical when the team said they would not be as aggressive in their spending this winter.

Red Sox Plan To Reduce Payroll

The Boston Red Sox are not planning to have a higher payroll in 2024 compared to 2023, indicating a cautious approach to spending during the offseason.
While the team's projected salary for 2024 is similar to last year's Opening Day payroll, there's a significant gap between their luxury tax numbers.
The Red Sox narrowly exceeded the luxury tax in 2022, but staying above the threshold affected their draft compensation and they finished in last place in the AL East.

The willful ignorance of the vocal contingent of Mets fans

The lack of spending by the Mets this offseason is more reflective of a new mentality for the team, rather than just the market.
Mets fans were skeptical when the team said they would not be as aggressive in their spending this winter.

Red Sox Plan To Reduce Payroll

The Boston Red Sox are not planning to have a higher payroll in 2024 compared to 2023, indicating a cautious approach to spending during the offseason.
While the team's projected salary for 2024 is similar to last year's Opening Day payroll, there's a significant gap between their luxury tax numbers.
The Red Sox narrowly exceeded the luxury tax in 2022, but staying above the threshold affected their draft compensation and they finished in last place in the AL East.
moreoffseason

How much do Californians spend on groceries every week? It's more than almost any other state

The average household in California spends nearly $300 a week on groceries, which is higher than the national average.
Households with children spend 41% more on groceries than households without children.
Riverside-San Bernardino-Ontario in Southern California spends the most on groceries among California metros.

House Spends $40,000 on New Member Pins as Republicans Fume Over Spending

The Republican-led House spent $40,000 on new identification pins for every member
The reason for the new pins was a dislike of the color of the previous pins
#government

Government spent 27,000 on wine and spirits during 2020-22

The government consumed over 1,400 bottles of wine and spirits during the Covid pandemic, topping up its cellar with 27,000 more bottles.
The consumption was lower than usual due to lockdown restrictions and lack of international travel.

Minister for Common Sense' to look at use of equality and diversity consultants

Government minister Esther McVey criticizes spending on equality and diversity consultants as wasteful and vows to target such expenditure.
McVey emphasizes the importance of representation beyond ethnic and gender diversity and calls for greater diversity in background, geography, thought, and belief.

Government spent 27,000 on wine and spirits during 2020-22

The government consumed over 1,400 bottles of wine and spirits during the Covid pandemic, topping up its cellar with 27,000 more bottles.
The consumption was lower than usual due to lockdown restrictions and lack of international travel.

Minister for Common Sense' to look at use of equality and diversity consultants

Government minister Esther McVey criticizes spending on equality and diversity consultants as wasteful and vows to target such expenditure.
McVey emphasizes the importance of representation beyond ethnic and gender diversity and calls for greater diversity in background, geography, thought, and belief.
moregovernment

"It's not true" - Mauricio Pochettino unveils encouraging truth about Chelsea's transfer window

Chelsea have spent over 1 billion in the last three transfer windows.
Manager Mauricio Pochettino says Chelsea don't need to sell players before buying due to Financial Fair Play rules.

Deal savvy UK consumers give hope to retailers ahead of Christmas

35% of UK consumers expect to spend less this festive season compared to previous years.
Younger consumers are cutting back on spending more significantly than older shoppers, with 40% of millennials planning on spending less this year.
Financial pressures are particularly acute for younger shoppers, with 59% concerned about rising interest rates.

The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cash

Crypto market challenges in June but Polkadot's transparent spending revealed.

You're Not Imagining Things: The NYPD Is Flying Way More Helicopters - Hell Gate

The NYPD under Mayor Eric Adams has significantly increased helicopter flights, spending $12.4 million in 2023 fiscal year.
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