Private equity firms have a unique way of making money. They buy companies, improve them, and sell them for a profit. If they buy a company for $2 billion and sell it for $3 billion, they earn a big bonus. This bonus is called a "carry. " It's usually 20% of the profit, which in this case would be $
The world is getting older, and cities need to change to keep up. The World Health Organization (WHO) has been pushing for Age-Friendly Cities and Communities (AFCC) to make sure older adults have what they need in their neighborhoods. This includes things like safe sidewalks, easy-to-use public tra
Dawn Sturgess' death in 2018 was a tragic consequence of a much larger event. She was not the intended target, but she paid the ultimate price. A recent inquiry concluded that Russian President Vladimir Putin bore moral responsibility for her death. The nerve agent Novichok, disguised as perfume, wa
Finland is often called the happiest country in the world. It has been for a while. But why? It's not just about money. It's about how people live. The country has a small population. Around 5. 6 million people live there. But they enjoy high living standards. They have good social mobility. And the
Boston is facing a heated debate as the school district considers shutting down three schools. The plan has ignited strong emotions among parents, teachers, and students, who are fighting to keep these schools open. The schools at risk are The Community Academy of Science and Health, Another Course
A recent investigation in the UK has shed light on the tragic events surrounding the poisoning of a woman in 2018, which was linked to a failed assassination attempt on a former Russian spy. The inquiry, led by a former top UK judge, has pointed fingers at Russian operatives and even the Russian pre
Schools often spend big bucks on new programs to help kids learn better. But what if the secret to better grades isn't just more books or gadgets? What if it's about making schools healthier and safer? Think about it. Kids who are healthy and breathe clean air tend to do better in school. A big stu
A financial expert recently shared his thoughts on the Giving Pledge. He pointed out that it was born out of fear during the 2008 financial crisis. Wealthy individuals wanted to avoid public anger. But, he argues, the Giving Pledge hasn't made much progress. He believes a new idea, called Trump Acc
Josh Allen, the Buffalo Bills quarterback, has just broken a big record. He now holds the title for the most rushing touchdowns by a quarterback in NFL history. With 76 touchdowns, he has beaten Cam Newton's old record. What makes this even more amazing is that Allen has more rushing touchdowns than
Kate, the Princess of Wales, shone brightly at the German state banquet. She wore a special tiara that hasn't been seen much. This tiara, called the Queen Victoria Oriental Circlet, is quite old. It was made in 1853 for Queen Victoria by her husband, Prince Albert. But it has a sad story. Prince Alb
