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A housing shortage, rising home prices and prohibitive interest rates are putting a spanner, or a wrench, in the housing market. But, as a result, the What’s in it for these developers? A stable revenue stream via rentals and a possible chance to get regulators off their backs. ....
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Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “They had learned nothing, and forgotten nothing.” –Charles Maurice de Talleyrand-Périgord Biden Administration “The American Rescue Plan as Economic Theory” [J.W. Mason]. “The size and design of ARPA is a more consequential rejection of this [prevailing macroeconomic] catechism. Without being described as such, it’s a decisive recognition of half a dozen points that those of us on the left side of the macroeconomic debate have been making for years. 1. The official unemployment rate is an unreliable guide to the true degree of labor market slack, all the time and especially in downturns. … n… 2. The balance of macroeconomic risks is not symmetrical. We don’t live in an economy that fluctuates around a long-term growth ....
A BASE jumper was injured Sunday after his parachute failed while jumping off a cliff near Littlefield in the northwestern part of Arizona, officials said. A 33-year-old man, who has not been identified, was BASE jumping from a cliff north of Interstate 15 near the Virgin River Gorge on the Arizona Strip, according to the Mohave County Sheriff s Office. During his second jump off a cliff, the man s BASE jump parachute failed, resulting in a severe injury when he landed, officials said. Search and rescue from Mohave County and Washington County in Utah and a helicopter from St. George Intermountain Life Flight responded to the incident and found the man in a technically challenging area to access. The Arizona Department of Public Safety also responded to the scene with a helicopter. ....