After faltering slightly, luxury building is again booming in the traditionally high-end parts of the country, like South Florida and the Hamptons, as the economy continues to show healthy signs, architects and designers say. But even people with more modest homes in mind are turning their desires into reality. A study to be released next week from Liberty Mutual said that 44 percent of Americans were planning to move or renovate their homes this year.
Commitments include streamlining sales-tax rates, with a view to limiting exemptions, implementing a comprehensive review of government spending in every sector, devising a strategy for dealing with tax arrears, overhauling health expenditure, tightening legislation on funding of political parties, social security reform and fighting corruption.
You’ll notice that public housing projects are focal points. This is because they are currently the biggest victims of London’s affordable housing crisis, with many at threat of being torn down for redevelopment. The rationale for this sounds reasonable from a distance: to house its growing population, London needs to densify. By replacing dilapidated projects with a higher, tighter mix of private and “affordable” housing, the city can boost residents per square foot and dilute social division.
Of course, the more you save, the better off you’ll be in retirement. A recent survey found that people who saved 10 percent of their pay and didn’t cash out early were on track for a comfortable retirement, according to Empower Institute, a research arm of the retirement services provider, Empower Retirement.
Gold & Silver Stocks Will Rise Again (GE Christenson)
The S&P 500 Index (not shown) has rallied to new highs, looks toppy, and has been levitated by “money printing” and low interest rates. Examine the graph of the ratio between the XAU and the S&P. The ratio is currently at lows last seen in 2000 and is near all-time lows. Gold and silver prices have been weak for four years and the XAU has been crushed further. Expect gold, silver, their stocks, and their ratio to the S&P to rally in 2015 and 2016.
Artist Jim Bachor (previously) continued his guerilla effort to remedy Chicago’s pothole problem by creating a number of flower mosaics in streets around the city. Bachor installed four mosaics through this fall while the weather cooperated, but as things get wet and cooler we’ll probably see a bit less of his, uhm, street art. I’m not sure if any of these are still around, but he keeps a list of photos and addresses where each piece was installed.
Broome County, which includes Windsor, is the southern tier’s most populous county. Its biggest city and the county seat, Binghamton, had 80,000 residents in 1950. Today, it is home to 47,000 people. The fracking ban came on the same day that the state rejected the area’s bid for two casinos, exacerbating locals’ despair.
Dry conditions have worsened in California, and mountain snowpacks have shrunk over the last few weeks, according to the latest U.S. drought report.
Rainfall fell short of supplying any significant moisture to relieve the drought, according to meteorologist Eric Luebehusen of the U.S. Department of Agriculture.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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