An accumulation of water in the foundation of a construction site in the Kadıköy district of Istanbul has falsely been identified as a lake on digital maps such as Google, Apple and Yandex. The construction work in the Koşuyolu neighborhood, which started in 2015 with the plan to build a hotel next to the D-100 highway, was halted by a court decision in 2016 after the company dug the foundation. For the past eight years, nothing has been done to the area, and it… Source link
Read More »U.S. on the road to 1950s-style unemployment, but it may only be a pit stop
By Howard Schneider WASHINGTON (Reuters) – The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. While the circumstances were unusual, it nonetheless presented a now-familiar pattern – a falling unemployment rate eventually giving way to recession – that current Fed officials will be challenged to avoid as… Source link
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