🇨🇳YUAN HITS 3-YEAR HIGH
China's yuan climbed to its strongest level since early 2023 as the dollar weakened after the Federal Reserve held interest rates steady.
The currency remains Asia's best performer, supported by Beijing's efforts to attract foreign investment and boost its global role. Analysts expect further gains, backed by strong exports and continued policy support.
Five years ahead of schedule. $195 million under budget.
Since October 2023, crews replaced 196 bridge structures and more than 12,600 feet of railroad along the 133-year-old Park Avenue Viaduct—all over 28 tightly coordinated weekends while maintaining full Metro-North service.
The work took place along a critical corridor carrying 98% of Metro-North trains—approximately 750 trains and 260,000 passengers every day.
With the major structural replacement now complete, we asked the project lead how the MTA delivered the work faster and for less without disrupting service.
@uninvited2cents Then you leave the market outright. I think its wrong and stupid to just simply put price increases into the calculation of decrease purchasing power, especially when alternatives are available
@Andrew87229442 A good portion of it is yes, i dont think the fiscal policy and stimulus from the feds and government during 2020-2022 caused a majority of the issues(30%). I think people were not willing to make lifestyle changes during extreme events, a lot still arent now
And the rest can be chalked up to businesses raising prices incredibly higher just cause and dipshits paying that amount, through whatever method they can use
Upset a lot of people so i should explain my opinion. I dont think the dollar has truly lost 30-50% of its purchasing power since 2020 through the usual process. From covid,ukraine war, inflation reduction act, and tariffs id say its 15% at most.
I’m so sick of these f*cking prices.
Getting basic car maintenance used to be like $200 for everything.
Now:
Oil change: $130
Tire rotation: $50
New Wiper blades: $75
Air Filter: $86
Alignment: $180
Misc. charges: $40
Total: $560 (280% increase)
But sure, inflation is transitory kids