DID YOU KNOW? Already, 4,810 store closures have been announced by retailers in 2019, according to Coresight Research. In 2019, Coresight tracked 5,524 store closures, down more than 30% from a record 8,139 closures announced in 2017. How will retail spaces be used in the future?
DID YOU KNOW? 40 US states do not have enough money to pay all of their bills, according to quantitative analysis in Financial State of the States by Truth in Accounting (TIA), a non-partisan, not-for-profit government finances watchdog. The total unfunded debt among the 50 states increased by $53.4 billion to more than $1.5 trillion in fiscal year 2017. Most of this debt comes from unfunded retiree benefit promises, such as pension and retiree healthcare debt. States with a surplus are Alaska, North Dakota, Wyoming, Utah and South Dakota. Alaska is the state in the best financial condition, because it can pay all of its bills and has a surplus of $56,000 for each taxpayer in Alaska. States that are leaving their taxpayers with significant tax burdens include New Jersey, Connecticut, Illinois, Kentucky, Massachusetts, Hawaii, Delaware, California, New York, and Vermont.
DID YOU KNOW? U.S. oil exports will surpass Russian shipments and threaten to overtake Saudi flows by 2024, the International Energy Agency says.T he U.S. will account for 70% of new oil supply. Global oil demand will grow by an average 1.2 million barrels per day through 2024. (CNBC)