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Remaining portion of partially collapsed Surfside condo building demolished

The remaining portion of the partially collapsed 12-storey condo in Surfside, Florida, was pulled down in a controlled demolition on Sunday night, video footage shows.

The big picture: The demolition of the Towers South building was taking place ahead of the expected arrival of Tropical Storm Elsa.


Of note:Officials didn't evacuate residents in the surrounding area, the Miami Herald noted. Miami-Dade County Mayor Daniella Levine Cava urged residents during a news conference Sunday evening to "close all of the windows and the doors and all air intakes, and to cover all other openings that may allow dust to enter."

Editor's note: This a breaking news story. Please check back for updates.

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People are accumulating less debt post-pandemic

A phenomenon ushered in by the pandemic is lingering: less borrowing. People are paying down their credit card balances faster, and mom-and-pop shops are holding back on loans. Thank all the stimulus for that.

Why it matters: Government aid left consumers and businesses buoyed with cash, so they aren't turning to banks to borrow nearly as much.

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