Soaring housing costs have created generational and geographical inequalities. Our chart on housing prices and more from this week
explains, much of the blame lies with warped policies dating back to the second world war. Too little is built in thriving cities: regulations and NIMBYism keep housing supply short and house prices and rents high. That makes it hard for workers to move to where the most productive jobs are, and so hampers economic growth. Soaring housing costs have created generational as well as geographical inequalities.
On January 21st the 50th annual World Economic Forum opens in Davos, a Swiss ski resort. The networkfest attracts nearly 3,000 business people, politicians, celebrities and journalists . This year’s star turns include President Donald Trump, who stayed away in 2019, and Greta Thunberg, along with a pack of other teenage activists, invited to help the conference “look to the future”.
America’s status as the world’s financial superpower gives it extraordinary influence over other countries’ economic destinies. But especially under President Donald Trump, America has used its powers routinely to wage financial warfare. It now has more than 30 active financial- and trade-sanctions programmes.
In most countries for which there are reliable figures, back pain is the top cause of disability, measured by the aggregate number of years lived in poor health. That burden is decreasing, but only very slowly. The costs have been rising quickly, and are enormous. Yet much of the medication, scanning and surgery does patients
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