Browsing Tag

Climate

Suburban sprawl is weighing on the U.S. economy

America's suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America's housing market relate to past policy decisions. In particular, they say restrictive zoning codes are limiting housing supply. These codes are based on 1930s-era Federal Housing Administration guidelines for mortgage underwriting. That…

At least 21 dead as heavy rain triggers floods and landslides in Brazil

At least 21 people have died since Friday after heavy rain battered São Paulo, triggering floods and landslides across the Brazilian state. More than 600 people have also been displaced, according to a statement released by the State Civil Defense, which earlier said that at least seven children were among the dead. Authorities have deployed a working group of firefighters, military police and civil defense personnel to support the mayors of the cities that have been impacted, said São Paulo Governor João Doria…

Mark Zuckerberg’s botched cryptocurrency project is reportedly for sale

Facebook CEO Mark Zuckerberg speaks during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released October 28, 2021.Facebook | via ReutersMark Zuckerberg's ambitious plan to build his own cryptocurrency is falling apart, amid growing pressure from regulators.The Diem Association, which oversees development of the Diem digital currency, is considering a sale of its assets, in order to return capital to its investors, according to…