Motley Fool Money $1 Trillion in Credit Card Debt
Aug 11, 2023
Tom Larsen, Senior Director at Corelogic and a specialist in catastrophe modeling, joins the discussion to delve into pressing economic issues. With Americans facing over $1 trillion in credit card debt, Larsen highlights the financial strain on consumers, especially younger generations. The conversation shifts to the escalating risks homeowners face from extreme weather, as rising costs challenge insurance models. With these factors in play, he offers insight into how homeowners must adapt to safeguard their investments.
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ESPN and Penn Partnership
- Disney's ESPN partnered with Penn Entertainment, rebranding their sportsbook as ESPN Bet.
- This collaboration leverages ESPN's brand recognition, content, and data but raises questions about its long-term impact.
UPS Labor Deal
- UPS averted a costly strike by reaching a deal with its union, with drivers potentially earning up to $170,000.
- While positive for labor, the deal's long-term impact on UPS margins remains a concern amid declining volumes.
Impact of UPS Deal
- The UPS and Teamsters deal increased job applications and could impact wages in other logistics businesses.
- While specific to UPS, such deals can ripple through related industries.