Higher interest rates sent business bankruptcies soaring 17% from the previous month in the latest sign of economic trouble | JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises | These shoes are nearly 2 feet tall, and women really wore them

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Higher interest rates sent business bankruptcies soaring 17% from the previous month in the latest sign of economic trouble - Fortune    The number of commercial bankruptcies increased nearly 17% in August compared to July, according to data company Epiq Bankruptcy. That marks the 13th consecutive month that total bankruptcies, including families and individuals, have logged year-over-year increases, according to the American Bankruptcy Institute. By one measure — the number of Chapter 11 petitions filed — bankruptcies climbed by 54% year-over-year in August. That number is likely inflated by duplicate filings because large firms typically file several petitions to cover all their various units. Even with that qualification, however, the jump in business failures, especially for big firms, is clear, said Ed Flynn, a consultant with ABI who studies bankruptcy statistics. Continued here You Might Like � � � � � � � � � JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises - Markets Insider    The biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises, according to JPMorgan. According to a note on Tuesday, strategists led by Marko Kolanovic said de-dollarization risks are unlikely to mean emerging powers will suddenly stop using the dollar or replace it with another currency. Instead, the key de-dollarization risk that Western economies face is mostly related to inflation and their debt burdens, they explained. Continued here You Might Like � � � � � � � � � These shoes are nearly 2 feet tall, and women really wore them - National Geographic (Premium)    The chopine, a type of platform shoe worn in Renaissance Italy, signaled wealth, status, and a good sense of balance. We have been standing tall in shoes for a very long time. Women in ancient Greece and Rome wore thick-soled sandals. Qabaqib, wooden clogs, kept feet high and dry in bathhouses across the Ottoman Empire. But the skyscraper of footwear was arguably the chopine, worn by noble Venetian women in the late 1500s. The tallest known example of this platform shoe, now in Florence’s Museo Stefano Bardini, tops out at almost two feet. A shorter but still impressively lofty one is on display at the Museum of Fine Arts, Boston, from September 9 through January 7. Continued here

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