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What’s Driving Pakistan’s Middle Class Brain Drain?

A growing number of skilled workers are leaving Pakistan, seeking opportunities abroad as their country faces one of Asia’s highest inflation rates, rising food and energy prices and a devalued currency.

To address the dire economic situation, the government has implemented unpopular reforms, including raising corporate tax rates and utility prices. These measures are part of Pakistan’s latest $7 billion loan deal with the International Monetary Fund, aimed at averting national bankruptcy.

But the result of all this has been an increasing number of would-be taxpayers emigrating to wealthier nations. So what does that mean for the country’s economic and political prospects?

00:00 Introduction
01:18 Growing pessimism
02:32 Brain drain
03:08 Asad’s story
04:26 Economic situation
05:40 The tax problem
07:22 Relationship with the IMF

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I REBUILT A WRECKED LAMBORGHINI URUS THEN GAVE IT TO MY GIRLFRIEND

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I bought a wrecked Lamborghini Urus from auction for my girlfriend. But now i have to rebuild it, theres damage to the chassis and the engine, alongside that alot of airbags have been deployed. Once ive rebuilt it i then wanted to make it one of a kind by adding a carbon bodykit, customised alloys and improving the performance before finally revealing the car to my girlfriend.

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Why Young People Are in So Much Debt

Younger Americans face a financial crisis. Their growing debt burden has far outpaced that of older generations, and it’s only getting worse. Generation Z is being hit the hardest, thanks to lower income and the rising cost of everything from food to housing. Bloomberg takes a look at the roots of this problem, and whether anything can be done.

00:00 - 00:54 Introduction to a growing debt problem
00:55 - 03:44 Income and inflation
03:45 - 05:42 Housing costs
05:43 - 07:48 Education and tuition costs
07:49 - 10:37 Doom spending
10:38 - 11:30 What does the future hold for young people?

Read more: How Gen Z Ended Up in So Much Debt 👉 https://www.bloomberg.com/news/features/2024-10-31/why-gen-z-is-sinking-deeper-into-debt-explained

Young Americans today face a serious debt crisis. And it’s making the American Dream seem more like an illusion.

Both Gen Zers and younger millennials were hit by a nasty one-two punch — the Covid-19 pandemic and then the worst inflation in decades — at critical points in their financial journeys. Now, those aged 18 to 29 are carrying $1.12 trillion of debt, according to the Federal Reserve Bank of New York. While that only makes up 6.3% of the total $17.8 trillion in US consumer debt, it’s still a huge burden to carry at an early point in their financial development.

Such an enormous debt burden has contributed to financial pessimism among young adults that’s changing how they work and spend money, key shifts that may have implications for not just their future finances, but also the broader US economy.

#Debt #Economy #Business
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I BOUGHT A WRECKED ASTON MARTIN DB12 THEN REBUILT IT IN 24 HOURS

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Underwater Robots Help Maritime Shipping Use Less Fuel

Biofouling — the growth of organisms on hulls — forces the shipping industry to consume more fuel. Haslinda Amin visits a Hong Kong startup that makes waterproof hull-cleaning robots to help tackle the issue. More on Momentum.

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I REBUILT MY WRECKED LAMBORGHINI TO PROVE MY INSURANCE WRONG

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Earlier this year I wrecked my twin turbo Lamborghini Gallardo. I had a choice to make on whether I would claim through my insurance and see the car scrapped or try to rebuild the Lamborghini myself. Of course I tried the hard route but all didn't go to plan.

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