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The article reports on a speech by former U.S. President Donald J. Trump in July 2024 wherein he declared that his new economic agenda would be built around a plan to eliminate taxes on tips, claiming the idea would uplift the middle class and provide relief to hospitality workers around the U.S. Trump has been reinventing his platform as he aims to attract different voters. Also noted are the order issued by Trump barring TikTok from U.S. app stores and comments from economist Stephen Moore.

The article investigates the quest of Chinese from the lower middle class in crossing the southern border through the Darién Gap in Panama to reach the U.S. in the hope for a better life. It attributes the migration of Chinese people to fear of worsening poverty and oppression under Chinese President Xi Jinping. It describes the journey and struggles of Chinese migrants Gao Zhibin and his old daughter who left Beijing, China and Mr. Zhong, who all trekked the Darién Gap.

De Beers Group and Tanishq have announced a strategic collaboration to boost India's natural diamond jewelry market. With India's growing middle class and increasing demand for natural diamond jewelry, the country has surpassed China as the second-largest market for these products. This collaboration aims to connect more Indian consumers with the rarity and preciousness of natural diamonds and capitalize on the significant growth potential in the Indian market. Additionally, Mahindra Lifespaces has appointed The Womb as its strategic and creative agency to develop the master brand proposition and creative approach for the real estate and infrastructure development business. [Extracted from the article]

Tanishq, India's largest jewelry retail brand, and De Beers Group, the world's leading diamond company, have announced a strategic collaboration to boost India's natural diamond jewelry market. With a growing middle class and increasing demand for natural diamonds, India has become the second-largest market in the world for natural diamond jewelry. This collaboration aims to connect more Indian consumers with the rarity and value of natural diamonds and further stimulate growth in the Indian market. [Extracted from the article]

The article discusses various measures that fintech startups are taking to protect their brands from fraudsters, including legal action and fraud detection units. It also highlights the government's allocation of Rs 4,000 crore for the Credit Linked Subsidy Scheme under the Pradhan Mantri Awas Yojana (Urban) 2.0 in the 2024-25 Union Budget. Additionally, the article mentions that NRI deposits in India have seen a significant increase, with nearly US$ 3 billion deposited in non-resident Indian schemes during April-May FY25, according to RBI data. [Extracted from the article]

The article focuses on the need for increased political participation among poor and low-income individuals. It highlights their potential impact on elections. Topics include the lack of attention to poverty in political debates, the potential influence of poor voters on political agendas, and the upcoming Poor People's Campaign event aimed at mobilizing voters.

The article talks about how the lifting by the U.S. Federal Reserve of interest rates in 2022 to restrain on growth and weigh on inflation is barely affecting middle and upper income groups, especially those who own their homes outright and locked in cheap mortgages. Cited are the holding up of house values in spite of higher rates, the reasons why Fed's interest rates are slower to work this time, and the unequal effects of the hefty interest rates.

The article discusses the implications of Labour's new policies under Sir Keir Starmer.

The article focuses on the "White Dudes for Harris" online rally that successfully raised over 4 million U.S. dollar for Kamala Harris and drew nearly 200,000 participants.

The article reviews the exhibition "Klimt Landscapes" by painter Gustav Klimt at the Neue Galerie in Manhattan, New York City through May 6, 2024.

The article talks about Florida Governor and 2024 presidential candidate Ron DeSantis who is known for being private about his personal life. Cited are his family and educational background, how he is defined by his opponents, such as former President Donald Trump, because of his reluctance to tell his own story during campaign trails, and the type of human connection that voters want to see in DeSantis.

Zepto, a quick commerce firm, has recently raised $340 million in funding, bringing its total funds raised in the past two months to $1 billion. The funding came from new investors such as General Catalyst, Mars Growth Capital, and Epiq Capital. Additionally, Zepto received investment from the Singapore-based private equity firm Dragon Fund. In another development, De Beers Group and Tanishq, India's largest jewelry retail brand, have announced a long-term strategic collaboration to increase the presence of natural diamonds in the Indian market. This collaboration aims to cater to the growing middle class and their demand for jewelry with enduring value. [Extracted from the article]

The article discusses how FMCG (Fast Moving Consumer Goods) companies are targeting the middle class as a key market for growth. The middle class's increasing ability to spend and desire for new products and choices are driving companies to innovate and create premium offerings. The middle class is seen as a consumer segment that can afford and aspires to purchase premium products, making them crucial for driving consumption and profitability. [Extracted from the article]

According to the article titled "Investors hold on to gold ETFs even as prices slump after custom duty cut," investors have not reacted impulsively to the decline in domestic gold prices following a cut in customs duties. The net asset value of gold exchange-traded funds (ETFs) decreased by 5% on Tuesday, but investors have held onto their investments. The assets under management of gold ETFs declined by 5.2% from Rs 34,868 crore to Rs 33,155 crore. In another article titled "New regime takes sheen out of MF tax-saving schemes," tax-saving Equity Linked Savings Schemes (ELSS) have experienced a net outflow over the past three months due to the launch of a new tax regime. The popularity of ELSS among middle and lower income taxpayers has decreased, with outflows doubling to ₹445 crore last month and inflows plunging by 87% to ₹1,041 crore last fiscal year. [Extracted from the article]

The article focuses on the widespread dissatisfaction among G7 countries' populations with their leaders and economic systems, exacerbated by low approval ratings for G7 leaders and growing distrust in capitalism.

The article discusses the growing popularity of speedy grocery delivery apps in India. Analysts predict that the market for online grocery delivery in India could reach $60 billion by 2030. Companies like Swiggy are expanding their services across India, delivering a wide range of products within minutes. However, the rise of these apps is threatening traditional mom-and-pop stores, leading to a decline in sales for some retailers. Quick commerce firms are benefiting from cost-effective warehousing space and the convenience-seeking habits of Indian consumers. While there are concerns about relying solely on big urban cities and the low-profit margins of the grocery business, companies like Swiggy and Blinkit are diversifying into higher-margin products. [Extracted from the article]

The article delves into the revelation that the narrator's wife, who grew up in a frugal household, had her clothing taken without permission by her mother and younger sister, causing unexpected pain and raising questions about the timing and intent behind the disclosure.

The article focuses on the increased diversity at the Chelsea Flower Show, with British Asians, including renowned artist Chila Burman, attending and expressing awe at the floral displays, highlighting the desire for more diversity in attendance and sharing personal experiences.

The article focuses on the evolving relationship between Russia and China, highlighting Russia's increasing economic and societal dependence on China, challenging the belief in the West that Russia's alliance with China is merely a consequence of Vladimir Putin's leadership.

The author reflects on the acute affordability crisis in New York City, emphasizing the need for a comprehensive True Cost of Living Measure to address the financial struggles faced by moderate- and middle-income residents, in addition to those in poverty.

The article discusses President Biden's efforts to revive the fortunes of American workers. It highlights the decline of labor unions in the United States and the impact it has had on workers' bargaining power. The article suggests that Biden's early endorsements from major unions indicate a potential shift towards greater support for workers. However, it also acknowledges that recent progress could be reversed, and the future of American labor remains uncertain. [Extracted from the article]

The article discusses why the Internal Revenue Service (IRS) continues to focus on auditing the middle class. The author argues that hiring new agents to target high-income taxpayers would be less effective than auditing filers who make good money but have less complex returns. The article also presents different perspectives on the issue, with one reader expressing sympathy for the middle-class auditee and another welcoming increased scrutiny. Overall, the article highlights the ongoing debate surrounding the IRS's auditing practices and the challenges they face in targeting different income groups. [Extracted from the article]

The article focuses on Wells Fargo's collaboration with the cast of "A Different World" for the HBCU College Tour 2024. It aims to celebrate HBCU culture, provide resources for financial literacy, and promote generational wealth building. It reports on the significant impact of HBCUs on American culture and the black community, and it emphasizes Wells Fargo's long-standing commitment to supporting these institutions through scholarships and programming.

reVolver Podcasts has launched a new podcast called The Median Society, hosted by Anthony Mitchell, Jr. The podcast aims to bring attention to socio-economic and political topics that affect the underrepresented upper middle-class Black Americans. In the inaugural episode, Mitchell engages in a conversation with Councilwoman Elizabeth Darden about building socio-economic bridges over racial divides. The podcast seeks to amplify voices that are often overlooked and provide a platform for meaningful discussions and societal introspection. [Extracted from the article]

reVolver Podcasts has launched a new podcast called The Median Society, hosted by Anthony Mitchell, Jr. The podcast aims to bring attention to socio-economic and political topics that affect the underrepresented upper middle-class Black Americans. In the inaugural episode, Mitchell engages in a conversation with Councilwoman Elizabeth Darden about building bridges over racial divides. The podcast seeks to amplify voices that are often overlooked and provide a platform for meaningful discussions and societal introspection. Mitchell, Jr. is a talented entertainer and visionary who uses his creative talents to uplift and empower marginalized individuals. [Extracted from the article]

reVolver Podcasts has launched a new podcast called The Median Society, hosted by Anthony Mitchell, Jr. The podcast aims to bring attention to socio-economic and political topics that affect the underrepresented upper middle-class Black Americans. In the inaugural episode, Mitchell engages in a conversation with Councilwoman Elizabeth Darden about building bridges over racial divides. The podcast seeks to amplify voices that are often overlooked and provide a platform for meaningful discussions and societal introspection. [Extracted from the article]

The article focuses on Waterford Property Co., a Newport Beach-based developer specializing in middle-income housing solutions, particularly in Southern California. Topics include the company's mission to address the housing affordability crisis, its founders' backgrounds, and its expansion plans beyond California, aiming to replicate its model in other states like Texas.

The article discusses the study by State Bank of India Research, which indicates a decline in income inequality in India, attributing it to upward mobility driven by rising incomes and the growth of the Indian middle class.

The article questions the relevance of the economic framework and mission of the International Monetary Fund and World Bank to rescue countries in financial distress amid global debt crises. Issues discussed include debt as a burden for countries as they are forced to spend money on interest payments instead of investing in public services, inapplicability of global rules-based system in resolving national security-based trade conflicts and problem in international governance of sovereign debt.

The article highlights the historical significance of United Auto Workers strike and higher wages for Black autoworkers, crucial for their representation and the preservation of the Black middle class in America, reinforcing economic and social standing within communities.

The article focuses on the "right to repair" movement gaining momentum in state legislatures, cautioning against weakening safety requirements for repairing life-saving medical devices and emphasizing the unique challenges and risks associated with regulated products like medical devices.

The article explains why China's brain drain is not a boon for the U.S. considering immigration hurdles and social issues as deterrents. Factors driving Chinese professionals from leaving China include amended Constitution and zero-Covid campaign. It informs about the decline in the number of student visas granted by the U.S. to Chinese nationals and the preference of Chinese technology professionals to migrate in Canada and European countries because of better employment and social benefits.

The article reports on the Chinese police investigation into Hui Ka Yan, founder of real estate firm China Evergrande, for suspected criminal behavior. It informs about the bankruptcy protection filed by China Evergrande in New York in an attempt to ease a path to settling debts with its overseas bond holders. It attributes the fall of Hui Ka Yan to bank loans, decline in stocks and failure to sell off some of its assets to raise funds.

The article discusses the rise of 10-minute grocery apps in India and the impact they are having on small retailers. In Mumbai, workers at Swiggy's grocery warehouse strive to deliver orders within 10 minutes, with their speed monitored by a screen that displays warnings for slowness. Swiggy's bikers then frantically collect and deliver the packed grocery orders. This trend is squeezing small retailers, as more Indians are opting for the convenience of these quick delivery apps. [Extracted from the article]

Large direct-to-consumer (D2C) brands in India are reducing their advertisements and influencer posts due to an increase in complaints about misleading claims and violations of the Advertising Standards Council of India (ASCI) code. This comes as Indians are increasingly using 10-minute grocery apps, such as Swiggy, which are putting pressure on small retailers. Workers at Swiggy's grocery warehouse strive to deliver orders within 10 minutes, with their speed monitored on a screen. The article provides insights into these developments in the retail industry in India. [Extracted from the article]

The article discusses the growing popularity of 10-minute grocery apps in India and the impact they are having on small retailers. It highlights the fast-paced nature of these apps, with workers in Swiggy's grocery warehouse in Mumbai racing against time to deliver orders within 10 minutes. The article also mentions the pressure on bikers to quickly collect and deliver orders. The rise of these apps is squeezing small retailers, who are struggling to compete with the convenience and speed offered by the apps. [Extracted from the article]

The Indian auto industry is projected to reach USD 300 billion by 2026, driven by factors such as rising income levels, urbanization, and a growing middle class with increased purchasing power. In March 2024, the industry produced a total of 2,325,959 units, including passenger vehicles, three-wheelers, two-wheelers, and quadricycles. Royal Enfield, a motorcycle maker, reported a 12% increase in total sales in April compared to the same month last year, with exports rising by 61%. [Extracted from the article]

Todd Snyder, a menswear designer, has found success in the American retail market by offering upper-middle-class fashion that is both accessible and aspirational. His brand, which started in 2011, has experienced significant growth, with sales surpassing $100 million in 2023. Snyder's designs are conventional with a touch of frivolity, appealing to a median shopper age of 38. His business fills a gap in the market between luxury brands and fast-fashion retailers, catering to white-collar workers who want to dress well without being ostentatious. Snyder's success can be attributed to his ability to distill trends and present them in a way that is understandable and appealing to his target audience. [Extracted from the article]

Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) has harnessed nationalism and faith to drive economic growth and modernization in India. The BJP aims to fuse Hindu revivalism and economic development in cities like Varanasi and Ayodhya, with the hope that religious tourism will deepen Indian identity and lead to transformative economic growth. The Kashi Vishwanath Corridor in Varanasi has already seen a tenfold increase in visitors since its opening in 2021, boosting the local economy and political support for Modi. Similar plans are underway in Ayodhya, where the construction of the Ram Janmabhoomi Mandir and accompanying infrastructure is expected to spark an economic boom. The project also aims to restore Hindu pride and confidence in India's ability to compete globally. However, the success of Modi's plan remains uncertain, as channeling nationalism and faith into economic and social modernization is a complex challenge. [Extracted from the article]

The article explores the economic challenges faced by individuals in the lower middle class nearing retirement, citing a study that highlights the financial struggles, stagnant earnings, and diminishing economic resources for this group over the past two decades.