Political Economist & Founder, OpenAxis
The world is becoming more authoritarian as non-democratic regimes become even more brazen in their repression and many democratic governments suffer from backsliding by adopting their tactics of restricting free speech and weakening the rule of law, exacerbated by what threatens to become a "new normal" of Covid-19 restrictions.
For the fifth consecutive year, the number of countries moving in an authoritarian direction exceeds the number of countries moving in a democratic direction.
In fact, the number moving in the direction of authoritarianism is three times the number moving towards democracy.
According to the Federal Reserve, the level of outstanding student debt in the United States reached $1.75 trillion by the end of 2021.
As the chart shows, the student debt burden has more than tripled over the past 15 years, which is one of the reasons for the calls for student debt relief to grow louder and more frequent.
Student loans are the second largest category of household debt in the U.S., trailing housing debt by a wide margin.
Auto loans are the third largest category, currently standing at $1.3 trillion.
Over the past 10 years, the Times has pivoted its strategy to focus on attracting more consumer revenue via subscriptions.
The Times' annual subscription revenues finally surpassed its advertising revenues 10 years ago in 2012.
Since then, the delta between its two businesses has gotten bigger as its digital subscription business has taken off and its print advertising business has shrunk.
Now that it's reached a critical mass of subscribers outside of news, it sees an opportunity to build more ad products that cater to those users.
Scholars of civil resistance generally define “success” as the overthrow of a government or territorial independence achieved because of a campaign within a year of its peak.
Among the 565 campaigns that have both begun and ended over the past 120 years, about 51 percent of the nonviolent campaigns have succeeded outright, while only about 26 percent of the violent ones have.
Nonviolent resistance thus outperforms violence by a 2-to-1 margin. (Sixteen percent of the nonviolent campaigns and 12 percent of violent ones ended in limited success, while 33 percent of nonviolent campaigns and 61 percent of violent ones ultimately failed.)
Moreover, in countries where civil-resistance campaigns took place, chances of democratic consolidation, periods of relative post-conflict stability, and various quality-of-life indicators were higher after the conflict than in the countries that experienced civil war.
Tenants priced out of their homes likely accounted for more than one-third of NYC rental inventory available in Q2, as landlords looked to make back what they offered in pandemic discounts.
As we look to the second half of 2022, renters should expect further increases in rents at least through this summer. NYC is rapidly adjusting to a new normal after the pandemic, but the rental market remains hampered by historically low inventory. Unusually tight rental market conditions suggest rents will continue to rise, at least until a seasonal slowdown in demand occurs for rentals after the summer.
Despite gradually improving inventory, asking rents are rising steeply as landlords seek to reverse pandemic-era discounts. Rental demand has remained strong as more people gradually return to the city after a jump in outbound migration during the pandemic. Disappearing rental concessions also suggest landlords remain confident about demand. Meanwhile, priced out of Manhattan, many renters are shifting their search to more affordable areas in Brooklyn and Queens.