Author: Reporter

The cruise ship with about 1,000 passengers anchored off Nome, too big to squeeze into into the tundra city’s tiny port. Its well-heeled tourists had to shimmy into small boats for another ride to shore. It was 2016, and at the time, the cruise ship Serenity was the largest vessel ever to sail through the Northwest Passage. But as the Arctic sea ice relents under the pressures of global warming and opens shipping lanes across the top of the world, more tourists are venturing to Nome — a northwest Alaska destination known better for the Iditarod Trail Sled Dog...

If rising oceans are not worry enough, add this to the risks New York City faces: The metropolis is slowly sinking under the weight of its skyscrapers, homes, asphalt, and humanity itself. New research estimates the city’s landmass is sinking at an average rate of 1 to 2 millimeters per year, something referred to as “subsidence.” That natural process happens everywhere as ground is compressed, but the study published in May by the journal Earth’s Future sought to estimate how the massive weight of the city itself is hurrying things along. More than 1 million buildings are spread across...

For the first time in more than a decade, the average U.S. homeowner with a mortgage has less home equity than they did a year earlier. Among the roughly 63% of U.S. homes with a mortgage, average homeowner equity per borrower was $274,070 in the first quarter, down 1.9% from the same quarter last year, according to real estate data tracker CoreLogic. The last time average homeowner equity fell year-over-year was in the first quarter of 2012, when the housing market was still regaining its footing after the mortgage meltdown and ensuing foreclosure crisis that helped trigger the Great...

Before fleeing North Korea in 2014, Jeon Jae-hyun kept U.S. dollars as a store of value and used Chinese yuan to make everyday purchases at markets, restaurants, and other places. He used the domestic currency, the won, only occasionally. “There were not many places to use the won, and we actually had little faith in our currency,” Jeon said during a recent interview in Seoul. “Even the quality of North Korean bills was awful as they often ripped when we put them in our pockets.” North Korea has tolerated the widespread use of more stable foreign currencies like U.S....