Meanwhile in New York ... | Two things occupy the minds of many New Yorkers: Subway safety and rent payments. And Justin Fox has some thoughts on both. Underground, he says the data doesn't look pretty: "As I wrote in a similar review of subway crime two years ago, it's the other crimes — violent, mostly senseless crimes — that continue to be a problem. Giving each major felony category its own mini-chart makes this clearer." "It is awful and unacceptable that 10 people were murdered in the subway system in 2024," he writes. But commuting to work on the 6 Train still beats the highway: Aboveground, is it possible that the city's reputation for exorbitant rents isn't as bad as people make it out to be? Well, not exactly. Justin says "rents on market-rate apartments in the city have risen faster than inflation since just before the pandemic." But if you're in a rent-stabilized unit, you've got a sweet deal: Zohran Mamdani could deliver a rent freeze on those units, as he's promising in his campaign, but it wouldn't do much to solve the underlying problem, notes Justin. I never thought Lindsay Lohan and Jamie Lee Curtis' Freaky Friday sequel would get one-upped by the oil market, but this flip-flop is wild: "Until recently, global oil demand peaked every year with the arrival of the Northern Hemisphere's winter. As temperatures dropped from October onward, heating oil and kerosene consumption spiked from the US to Germany to Japan. Hence, as recently as 2014, the fourth quarter still marked the annual high for crude demand and, typically, prices. Since then, the seasonality has flipped," explains Javier Blas: "Now, the third quarter sees higher demand and prices. The shift means the market is now at its tightest from July to September, rather than October to December." Elsewhere in supply problems, you have David Fickling on the looming dairy disaster: "Milk is mostly being produced in the wrong places for the young stomachs that need it. More than 90% of children under four are in developing countries — but the same nations produce barely half of the world's milk," he writes. "With trade providing only limited relief, we're most likely to see shortages, as rising demand from developing countries is met with limited increases in supply." Free read: Trump is being steamrolled by a conspiracy theory he encouraged and is unable to spin. — Tim O'Brien Republicans are falling into the same inflation trap that Democrats did during the last election. — Robert Burgess In the Trump era, infidelity allegations are unlikely to matter for a Senate hopeful. — Nia-Malika Henderson Weather forecasters' data drought will ripple into the home insurance market. — Mark Gongloff After Sunday's humiliation at the polls, Japan's Shigeru Ishiba is hanging on by a thread. — Gearoid Reidy Britain's cover-up of a hideously expensive Afghan resettlement program takes state secrecy too far. — Martin Ivens Middle-aged women in menopause aiming to build muscle should beware of "fitfluencers." — Lisa Jarvis Georgia is locked in a Byzantine power struggle amid the downfall of a disgraced financier. — Mary Ellen Klas Opendoor's gravity-defying rally continues. Climate change is cooking the grocery bill. A judge questioned the legality of Harvard's funding freeze. Malcolm-Jamal Warner died from accidental drowning. Chicago's $1 billion quantum computer will be live in 2028. Happy anniversary to Wolf Spritzer and kamala IS brat. Space scientists meet Betelgeuse's stellar companion. An ounce of caviar before taking off? Don't mind if I do. A bad loan could cost you your Ferraris and fine wine. McDonald's is running low on shredded lettuce. |
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