5 Things to Know Today: January 31, 2017
Liz Biscevic—5 Things to Know Today
News to know today: Interest rates aren't likely to rise anytime soon, organic farming strategies should also work to be carbon-neutral, and Walmart is trying to beat Amazon at their own game with a new two-day free delivery option.
1. Associated Press: The Fed is likely to leave interest rates alone until the economic impact of President Trump's policies can be gauged.
When the Fed raised interest rates in December, it indicated that it anticipated doing so three more times in 2017. However, with several economic initiatives from the Trump administration up in the air, it is likely rates will stay put for now. Sal Guatieri, senior economist at BMO Capital Markets, said, “The Fed is unlikely to signal intentions to raise rates as early as March given the heightened uncertainty about the timing and scope of fiscal and protectionist policies.”
2. TreeHugger: Organic carbon farming might help stabilize the climate.
Smart carbon farming could help alleviate climate change and improve crops. Practices like "no-till" farming would keep carbon in the soil instead of releasing it into the atmosphere and improve soil without fertilizers.
3. Fast Coexist: People waste more food when they know the scraps are going to be composted.
We know leaving food on our plate is wasteful, but according to a new study from Ohio State University, people who know that leftovers will be composted will waste just as much as people who don’t care about waste at all. The study examined the eating behavior of 266 students at Ohio State who received varying information about food waste and composting. The results showed education was a huge factor—the people who read about food waste left 77 percent less food behind than those who weren’t. However, those who were educated about food waste and also told their waste would be composted were just as likely to leave food on their plate. Sometimes, it seems, two rights can make a wrong.
4. Tech Crunch: Watch out Amazon: Walmart just launched free 2-day shipping.
Last summer, Walmart merged with e-commerce startup Jet.com in response to Amazon's increasing dominance. Starting today, Walmart will offer free two-day shipping on over 2 million items, including everyday essentials, toys, electronics, and groceries. Unlike Amazon Prime, which requires a $99 membership fee, Walmart’s service is free with a $35 minimum purchase, and shipping to stores is free no matter the total. The applicable products will be flagged as available for fast delivery on its website.
5. Forbes: Mentally strong people are better with finances. These 6 reasons explain why.
Maintaining a positive outlook isn’t always easy, but it’s imperative when it comes to maintaining control over your financial situation. Mentally strong people also tend to surround themselves with people who share a similar vision for financial success. They also keep investigating ways to improve their finances and avoid making financial decisions based on emotions. Like other successful savers, mentally strong people are able to live below their means and prioritize setting money aside for their future.