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Housing Supply Booms in Argentina Since Javier Milei Cut Rent Control Law

One of the first acts of liberal President Javier Milley after winning Argentina’s presidential election last November was to repeal the country’s notoriously clumsy and counterproductive rent control. The results are in: rents are plummeting in Argentina as housing supply explodes. Rent control is a policy favored by leftists in the United States and Europe, […]

I Worry Biden’s Rent Price Control Plan Will Hurt Supply, Harris Doing One for Food Is Good

On Thursday’s episode of NewsNation’s “The Hill,” Rep. Raja Krishnamoorthi (D-Ill.) defended 2024 Democratic presidential candidate Vice President Kamala Harris’ apparent support for food price controls, but said he’s “a little bit worried” about President Joe Biden’s push for rent caps, fearing they will reduce the housing supply. “Your main points are: [2024 Republican presidential […]

Chinese suppliers protest hefty Temu fines, potential supply chain overhaul

Dozens of Chinese traders stormed into the parent company’s offices in Guangzhou this week to protest against Tem’s increasingly tough fines policy. Frustrated suppliers claim the affordable online marketplace, which sells everything from $10 dresses and sneakers to $15 mattresses, is fining Chinese merchants with increasing frequency. about 80 merchants entered the office He was […]

Sen. Lummis proposes US government purchase 5% of total Bitcoin supply – TradingView

U.S. Senator Cynthia Lummis introduced the “Strategic Bitcoin Reserve” bill, proposing that the U.S. government purchase 5% of the global Bitcoin supply and hold it for at least 20 years. “This can be used for one purpose: to reduce debt,” Lummis declared during a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee on […]

Coffee prices poised to surge again on supply chain disruptions

Coffee drinkers hoping for relief from rising prices will be in for disappointment as supply chain disruptions and rising labour costs are expected to make coffee even more expensive. The price of arabica, the premium coffee bean favored by Starbucks, rose to $2.32 a pound last month, up 64% from June 2020, when it was […]

Home Prices Dip for First Time off Crazy Spike, Price Reductions Surge, Sellers Emerge, House Sales Drop Year-over-Year, Inventories & Supply Keep Rising

Estimated Reading Time: 2 minutes “Normalization” or “deceleration,” as this phenomenon is called, is setting in Prices of existing single-family houses, condos, and co-ops dipped in July, reverting to seasonality for the first time since 2019, amid surging price reductions. Single-family house sales dropped 4.1% in July, from a year ago, the first decline since […]