Restaurant servers can't afford San Francisco rents so restaurants are going self-serve

Restaurant servers can't afford San Francisco rents so eating places are going self-serve

San Francisco is without doubt one of the costliest locations on the earth to stay — six determine incomes are thought-about “low” and even the tiniest homes are farcically costly. Housing prices are fueled by a mix of property hypothesis, NIMBYism that forestalls high-density initiatives, and, in fact, the world-beating wealth inequality of […]

America: where rising productivity means longer working hours

America: the place rising productiveness means longer working hours

In most international locations, rising productiveness means fewer working hours: however US staff, among the many world’s best, put longer hours than different rich-country staff, particularly nordic staff — if America’s productiveness/hours curve labored prefer it does in Denmark and Norway, American staff would get an extra 2.2 months of trip yearly. But […]

The Vatican dunks on the finance industry and its "amoral culture"

The Vatican dunks on the finance trade and its "amoral culture"

The Vatican has revealed “‘Oeconomicae et pecuniariae quaestiones’. Considerations for an ethical discernment regarding some aspects of the present economic-financial system” of the Congregation for the Doctrine of the Faith and the Dicastery for Promoting Integral Human Development, 17.05.2018, a prolonged report on the wickedness of Wall Street, wherein the finance trade is […]

America's new aristocracy: the 9.9% and their delusion of hereditary meritocracy

America's new aristocracy: the 9.9% and their delusion of hereditary meritocracy

It’s true that the 1% have gathered a large share of America’s nationwide wealth; however simply as vital is the cohort of execs — “well-behaved, flannel-suited crowd of lawyers, doctors, dentists, mid-level investment bankers, M.B.A.s with opaque job titles, and assorted other professionals” — who model themselves because the “meritocratic middle class” however who […]

How the "global super-rich" have honeycombed London's posh neighbourhoods with sub-basements, sub-sub-basements, and sub-sub-sub-sub-sub-basements

How the "global super-rich" have honeycombed London's posh neighbourhoods with sub-basements, sub-sub-basements, and sub-sub-sub-sub-sub-basements

London — floor zero for monetary shenanigans, money-laundering, and the conversion of housing from a human necessity to an asset-class — has spent a long time changing itself to an inert, open-air vault stuffed with status-displaying safe-deposit packing containers owned by offshore criminals and oligarchs who “improve” their empty properties with absurd fripperies to […]