“What I really took away from this was the fact that in order to get subsidized housing into the suburbs, you have to be sneaky about it,” Robert Strupp, the executive director of Baltimore Neighborhoods Inc., a liberal fair housing advocacy group, told The Sun:
Because if they found out about it in advance, they wouldn’t let it happen. That’s the sign to me that discrimination still exists. It’s classic Nimbyism. That’s today’s reality just as it was in the 1950s and 1960s.
.. There is no way the Clinton campaign wants housing integration to become a central issue of the 2016 campaign. The same is true of the more general issue of poverty.
.. The agenda as stated does not address the fundamental problem that is at the root of the concentration of poverty — the ability of local governments to effectively exclude lower-income people from their communities through zoning and restrictive land use policies.
.. But the Republican Party has been most successful when it has been able to drive a wedge between competing Democratic constituencies,
.. Then, on the other hand, there are the competing goals of black Democrats in the Sandtown-Winchesterneighborhood of Baltimore, home of Freddy Gray — where 51.8 percent of the residents in 2012 were out of work. These Democrats enroll their kids in a public school system where 79.5 percent of the high school students have not met proficiency standards in English, and 90.2 percent have not met those standards in Algebra.
a16z Podcast: Using Social Tools to Build Homes for Those Most in Need
Our goal is to make the most money, but to distribute that (differently).
How Brexit Will Change the World
17 top economists, foreign policy gurus and historians look five years into the future.
.. Some of them think the Brexit vote is a sign of the sun setting on Europe. “Brexit could be a wake-up call, or it could be 1933 all over again,” says Danielle Pletka of the American Enterprise Institute. Dean Baker, co-director of the Center for Economic and Policy Research, is more optimistic, saying that Brexit would set Europe “back on a path of high employment and healthy growth.”
.. Some of them think the Brexit vote is a sign of the sun setting on Europe. “Brexit could be a wake-up call, or it could be 1933 all over again,” says Danielle Pletka of the American Enterprise Institute. Dean Baker, co-director of the Center for Economic and Policy Research, is more optimistic, saying that Brexit would set Europe “back on a path of high employment and healthy growth.”
.. In Europe, countries such as Poland, the Czech Republic, Hungary and possibly the Netherlands, will be watching to see if the Brits can pull this off; if the damage seems manageable, pressures to take a similar path are likely to build in at least these countries.
.. Russia has been in recession for two years, in part because its biggest market, Europe, has been buying less of its biggest export, energy. Is it going to do better if that market slows further? Almost surely not. Same for China. Losers all around.
.. The vote fortifies him and his supporters in their deepest belief: that hyper-pluralist, overly rule-bound, post-sovereign policymaking is doomed, prone to interest-group capture and stalemate, and unlikely to sustain popular loyalty over the long term. For China, the lesson is roughly the same.
.. If you want to say that the losers from Brexit are the world’s pluralist political orders, you can make a pretty good case.
.. Scotland will probably secede from the UK, which will have major consequences for British defense policy, given the basing there of the nuclear deterrent. Advocates of Trident modernization may get a boost from the isolation that Britain will feel in departing the EU, but they will need to find other basing arrangements (perhaps co-locating on U.S. bases).
.. I expect limited impact outside of the United Kingdom in the next five months. The initial market hysteria will soon be completely reversed, outside of the United Kingdom, and there will likely be a strong rally following Trump’s defeat in November. Within Britain, there could be a substantial impact. It is quite possible that the real estate bubble in London will burst
.. the UK will no longer be viewed as a safe haven for the world’s rich.
.. In five years I expect that the EU will have turned away from austerity and will again be back on a path of high employment and healthy growth. The Brexit vote, along with the growth of populist parties across the continent, both left and right, will have finally convinced enough of the EU elites outside of Britain that they had to take a course other than austerity in order to save the EU.
.. The main difference is that the UK will have a much smaller financial sector, with more of its wealthy being generated from productive sectors of the economy. (Okay, this is some wishful thinking—but it’s not impossible.)
.. The main difference is that the UK will have a much smaller financial sector, with more of its wealthy being generated from productive sectors of the economy. (Okay, this is some wishful thinking—but it’s not impossible.)
.. we may see British young people working on the Continent being sent home because they no longer have a valid work permit
.. In five years’ time, the consequences will be less far-reaching than many are predicting today. Every corporation that does business in the UK and the EU will have an incentive to lobby Brussels to make the “divorce” as amicable as possible.
.. And thus, a major casualty of Brexit will be the U.S. rebalance of its foreign policy toward Asia, a policy that depends on a stronger Europe to take on more responsibility in its neighborhood.
Housing crash in Canada could cost mortgage lenders almost $12 billion, Moody’s warns
The Moody’s report says rising levels of Canadian household debt relative to income, along with rapidly increasing house prices, have created conditions similar to those in the United States prior to the financial crisis of 2008.
.. suggested Canada-wide house price declines would be on the order of 25 per cent, while the red-hot markets in British Columbia and Ontario would experience steeper declines of 35 per cent.