The top three most expensive cities to rent in worldwide are American: San Francisco, New York City and Boston. At $1.09 per square foot, Detroit is the cheapest of the American cities included, and is more affordable than Cape Town, Bangkok and Jakarta.
According to a new study from WalletHub, Detroit's crumbling commercial and residential infrastructure isn't the only thing deteriorating rapidly in "America's Comeback City." The study, which ranks America's 150 largest cities based on overall health, pegged Detroit 'dead' last...here's where the rest of America ended up.
We are in the midst of an epidemic of fake news. Since at least Donald Trump’s election, our media have been in the grip of an astonishing, self-inflicted crisis. Despite Trump’s constant railing against the American press, there is no greater enemy of the American media than the American media. They did this to themselves.
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday.
In short, the water affordability crisis is not something that is a few decades off, or even a single decade off:More than 40 million American citizens could find themselves unable to afford water in the next five years if both stagnating incomes and increasing water prices stay on their current trajectories.Resource scarcity breeds conflict.
After months of threatening to levy a 35% border tax a cars imported from Mexico, Trump will sit down with the CEO's of the Big 3 domestic auto manufacturers this morning to discuss ideas on how to keep manufacturing jobs in the U.S.
Revisiting themes from his improbable campaign victory, Trump said his presidency would aim to help struggling middle-class families, build up the U.S. military and strengthen U.S. borders, while transferring power from Washington and giving it back to "you, the people."
The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. The combination of overpriced financial markets, inadequate contributions and overly generous pension promises mean dozens of US local and state government pension plans will end up in the same situation.
Job ads running in more than 20 cities offer $2,500 per month for agitators to demonstrate at this week’s presidential inauguration events. Demand Protest, a San Francisco company that bills itself as the "largest private grassroots support organization in the United States," posted identical ads Jan. 12 in multiple cities on Backpage.com seeking "operatives," to "Get paid fighting against Trump!"
The “bond shock” story bubbles away in the background. And with the next 50-75bps rise in yields (due to perhaps expectations of trade wars or Chinese repatriation, or even further gains in inflation), the risk of a financial “event” is likely to jump. 2016 started with pessimism and ended with optimism; 2017 starts with optimism…