The Bank of England’s chief economist, Huw Pill, has identified a severe shortage in housing supply and skyrocketing demand as the primary reasons for rising rent prices. In 2022, a record-breaking net migration of 745,000 significantly fueled this demand. Pill criticizes the restrictive planning policies that have hindered adequate housing development.
Contrasting with the government’s positive spin on economic figures, Pill’s insights reveal underlying challenges. Treasury chief Jeremy Hunt highlighted a 0.6 percent GDP growth as evidence of post-pandemic recovery. Yet, this growth occurs against a backdrop of high taxes and limited spending cuts under what Hunt describes as a neo-liberal globalist agenda.
The escalating housing crisis necessitates immediate action as the existing supply fails to accommodate the influx from mass migration. This dire situation demands a thorough reassessment of immigration and housing regulations to effectively tackle these pressing issues.
A small group of Duke University graduates protested during comedian Jerry Seinfeld’s commencement speech in North Carolina. About 30 out of 7,000 students walked out, chanting “free Palestine.” Their protest sparked mixed reactions among the audience.
Seinfeld, who was honored with an honorary doctorate at the event, is known for his support of Israel. This stance has become more pronounced following recent conflicts between Israel and Gaza. The protests at Duke reflect a growing trend of campus activism in the U.S., where students are pushing their institutions to cut ties with Israeli businesses and supporters.
The unrest at Duke is indicative of a broader national movement on college campuses concerning the Israeli-Palestinian conflict. This spring alone witnessed nearly 2,900 arrests from protests at over 57 universities across the country. Students have established encampments and organized walkouts to compel their universities to address what they see as injustices in the Middle East.
These demonstrations highlight a significant shift toward more vocal and widespread student activism aimed at influencing university policies on international issues. The incident at Duke underscores the increasing willingness of students to use their voices to effect change on global matters directly impacting their communities and beyond.
The portal between NYC and Dublin: a late-night stumble through a tipsy portal. Drunken New Yorkers collide with a merry Irish reveler. For licensing email viralnewsnyc@gmail.com
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. . .The portal between NYC and Dublin: a late-night stumble through a tipsy portal. Drunken New Yorkers collide with a merry Irish reveler. For licensing email viralnewsnyc@gmail.com
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