How much residential space could you rent with $1,500 in 30 global cities?

I saw this chart on Twitter via Simon Kuestenmacher. You will find more statistics at Statista Related posts: Comparing house price trends worldwide The effects of rent control on tenants, landlords, and inequality Aggregate homeownership rates for different countries Map of real estate prices in Sao Paulo Empty spaces in the crowd: Residential vacancy in São Paulo UPDATE [6 Feb …

In just two hours, Amazon erased $30 billion in market value for healthcare’s biggest companies

Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare. Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to launch an independent company that will offer healthcare services to the companies’ employees at a lower …

Le soleil ne se couche jamais sur l’empire Vinci

Rafael Sottolichio. – « Espace public n° 15 », 2007 Rueil-Malmaison (Hauts-de-Seine), 2, cours Ferdinand-de-Lesseps. Siège du groupe. Derrière les baies vitrées, la climatisation ronronne. L’imposant bloc gris du siège de Vinci a été édifié en 1992 pour son ancêtre, la Société générale d’entreprises (SGE), qui, en 1908, avait succédé à la société en nom collectif Giros et Loucheur, fondée en 1899. L’immeuble abrite 1 200 salariés, sur …

Paul Ryan Tweets Out Highlight Reel of Him Lying About Taxes for 20 Years

On Monday, hours before he realized his policy dream of handing the ultrawealthy a massive tax cut, House Speaker Paul Ryan’s staff tweeted a video of the congressman touting his Ayn Randian vision over and over for the last two decades. The aim was to portray Ryan as a determined warrior who has fought hard throughout his career to reform …

George Takei saga sheds light on the murky world of pay-to-promote news

Former Star Trek star George Takei in LA. The US Federal Trade Commission has been scrutinizing celebrity deals to promote brands on social media without disclosing it as advertising. Photograph: Phil Mccarten/AP News that several online media companies including Mic, Slate and Refinery29 have severed commercial ties with Star Trek actor George Takei following allegations of sexual assault has shone …

Les recettes du vieux monde en échec

Faciliter les licenciements pour créer des emplois… Reconnaissons au président de la République française Emmanuel Macron et à ses affidés un sens certain de l’oxymore pour oser présenter ainsi les ordonnances décapitant les protections salariales. Ils sont allés chercher leurs recettes dans le vieux monde libéral de Ronald Reagan des années 1980, ou dans celui des années 2000 du social-démocrate allemand Gerhard …

If you tax the rich, they won’t leave: US data contradicts millionaires’ threats

New Jersey governor Chris Christie warned: ‘Ladies and Gentleman, if you tax them, they will leave.’ Photograph: Eduardo Munoz/Reuters In the classic Ayn Rand novel Atlas Shrugged, the rich go “on strike” – withdrawing their services and disappearing from society in protest against taxes and regulation. Weary of carrying an ungrateful world on their shoulders, business leaders and other top …

The fatal flaw of neoliberalism: it’s bad economics

As even its harshest critics concede, neoliberalism is hard to pin down. In broad terms, it denotes a preference for markets over government, economic incentives over cultural norms, and private entrepreneurship over collective action. It has been used to describe a wide range of phenomena – from Augusto Pinochet to Margaret Thatcher and Ronald Reagan, from the Clinton Democrats and …

More than 400 millionaires tell Congress: Don’t cut our taxes

The Trump administration says its tax plan is intended to help ordinary Americans, but some key Republican figures have acknowledged that big business and political donors stand to benefit. (Taylor Turner/The Washington Post) More than 400 American millionaires and billionaires are sending a letter to Congress this week urging Republican lawmakers not to cut their taxes. The wealthy Americans — …