Today is the day. New Yorkers are heading to the polls to select their top picks for #NYCMayor.
Over the past few months, @howiewolf spoke with the candidates who want the job of running America's biggest city. Here's where they stand: bloomberg.com/opinion/articl…
.@AndrewYang: “The city is the most profound catalyst for human capital development and transformation in the history of the world, perhaps. And that’s what we have to sustain." bloomberg.com/opinion/articl…
.@mayawiley: “I felt called into the race because Donald Trump was attacking everything we've been fighting for and building over the past decades.” bloomberg.com/opinion/articl…
.@ericadamsfornyc: "The crisis we are experiencing in America, not only in New York but across America, every big city, is fed by education. Everything that we’re facing for the most part in our city stems from our failure to educate." bloomberg.com/opinion/articl…
Curious to hear what the current resident of City Hall thinks about the race to become the next #NYCMayor?
The world’s cargo ships can’t get their act together:
🚢There were the lines at the ports of Los Angeles and Long Beach
🚢The Ever Given got stuck in the Suez Canal for a week
🚢The port of Yantian in the Chinese city of Shenzhen is joining the fun trib.al/DcTs1TB
If you think this issue will smooth itself out, you might be in for a shock.
The factors that have driven Asia-Europe container rates to record levels of more than $10,000 per 40-foot box aren’t a temporary problem. Returning to normality could take years twitter.com/i/broadcasts/1…
The container shipping industry is usually such a well-oiled machine that we barely notice it. In 2016, you could shift a metric ton of goods from Shanghai to Rotterdam for $10.
The flip side of that is that when things go wrong, they go seriously wrong trib.al/DcTs1TB
Each Olympic Games serves as a global spotlight for athletes.
But in Tokyo next month, it will be doctors, nurses, lab technicians and other medical personnel who will determine the success of this international display of health and vigor trib.al/9iI5Jai
Despite increasing vaccinations against Covid-19, Japan lags well behind many rich-world peers.
If the Tokyo Olympics were to be canceled before the July 23 opening ceremony, the decision would have to be taken by the International Olympic Committee trib.al/xDdm5dU
The Tokyo Medical Practitioners Association, which represents over 6,000 doctors, asked that the International Olympic Committee be convinced to cancel the games.
Hospitals “have their hands full and have almost no spare capacity,” it warned trib.al/xDdm5dU
Elon Musk was on to something when he complained that the cost of insurance to protect company directors from shareholder litigation has gotten out of control trib.al/kyVUqIQ
The impulsive Tesla boss may be an unlikely spokesperson for the unfairness of these spiraling fees, but they reveal something about this age of corporate misadventure and trigger-happy lawyers.
It’s bad for shareholders, companies and insurers alike trib.al/kyVUqIQ
When executives get sued, the payouts can be steep:
💰Volkswagen had a $320 million settlement over former executives’ alleged mishandling of Dieselgate
💰Wells Fargo’s insurers forked out $240 million over the bank’s fake customer accounts scandal trib.al/kyVUqIQ
Rising real-estate prices are stoking fears that the American dream of homeownership is slipping out of reach for low- and moderate-income Americans.
That may be so — but a nation of renters is not something to fear trib.al/yh67cog
The numbers paint a stark picture.
After peaking at 69% in 2004, the homeownership rate fell every year until 2016, when it was 64.3%. The rate rebounded in Trump’s presidency, hitting 66% in 2020, but that trend may be short-lived (📊 via @stlouisfed) trib.al/yh67cog
This process is painful, but it’s not all bad.
Slowly but surely, most Americans’ single biggest asset — their home — is becoming more liquid. Call it the liquefaction of the U.S. housing market trib.al/yh67cog