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The Hurun China Rich List reveals a significant decline in billionaires, with only 753 remaining in 2024. Zhang Yiming of ByteDance tops the list, reflecting the impact of China's economic struggles on wealth accumulation. The report highlights a shift from traditional industries to tech and e-commerce as new wealth sources emerge.
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As the U.S. faces a housing crisis, municipal elections highlight housing affordability as a key issue. Recent ballot measures in various states aim to fund affordable housing initiatives, while President-elect Donald Trump's policies may exacerbate the situation. The YIMBY movement gains traction amid rising homelessness and construction challenges.
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In the wake of Hurricanes Helene and Milton, President Biden has requested nearly $8 billion in federal disaster aid. Meanwhile, a woman in Florida faces charges for fraudulently claiming disaster relief funds. Recovery efforts are ongoing as communities seek support for rebuilding.