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Elon Musk traveled more by private jet than virtually anyone else in the US last year, according to a report published on Monday by the Institute for Policy Studies and the nonprofit group Patriotic Millionaires.The climate impact of his travel habits, which included taking a private flight nearly every two days on average, are significant.Private planes are notoriously harmful to the environment. They emit up to 14 times more climate-warming pollution per passenger than commercial planes, since…
9 months ago
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Anyone who’s bicycled on car-dominated streets knows how unwelcome drivers can make them feel. But basic measures cyclists take to protect themselves in the case of an accident could actually be hurting them. A recent study conducted in Australia by academics at Queensland University and Flinders University found that bicyclists who wear helmets or safety vests might be putting themselves more at risk than if they’d gone without safety attire.Researchers found that cyclists wearing helmets or ve…
7 months ago
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Republicans in Congress are proposing slashing funding for Amtrak and other infrastructure priorities in the 2024 budget. At the same time, the passenger railroad is proposing its largest-ever expansion after Congress sent tens of billions in funding as part of the 2021 infrastructure law. The recent GOP proposal from the House Transit, Housing, and Urban Development subcommittee on appropriations includes cutting Amtrak funding by $1.577 billion in 2024, which would reduce the rail system’s yea…
6 months ago
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New Yorkers have been taking notice of Jersey City real estate for years, and its popularity as an alternative to the ever-less-affordable housing market in the city is growing. These days, fans call it the sixth borough, largely thanks to Jersey City’s efforts to build a ton of new housing — and at a much faster rate than the actual five boroughs.Between 2010 and 2018, Hudson County, which includes Jersey City, built housing at more than twice the rate that New York City did. Jersey City’s popu…
4 months ago
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Americans aren’t happy about the state of the economy. Consumer sentiment is low and may even be getting worse.That’s despite a remarkable economic recovery since the pandemic thrust the country into a recession. We’ve managed to see inflation come down while maintaining low unemployment — something many economic experts said couldn’t happen.Jared Bernstein, the chair of the US Council of Economic Advisers, says the disconnect between the data and Americans’ views of the economy probably has a l…
4 months ago
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Cities across the US are flailing under a worsening housing affordability crisis. Superstar metropolises from Los Angeles to Miami are becoming playgrounds for the elite. Americans fleeing New York and San Francisco for more affordable lives in the Sunbelt are experiencing sticker shock. The median home price in the US has jumped 52% just since January 2020.But affordability isn’t an issue in the world’s biggest city, Tokyo. Despite facing many of the same pressures of scarce land and a growing…
4 months ago
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Midtown Manhattan is struggling. Many of the office towers that dominate its skyline are sitting empty as workers settle into remote or hybrid lives and companies drop their leases. Office workers aren’t particularly keen to return to Times Square — the most Instagrammed place in America is seeing about 15% less foot traffic than it did in 2019. Like most American business districts, Midtown is heavily dependent on office workers and tourists. One way to revive it is to make it a place more peop…
4 months ago
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Oakland, California is proving the laws of supply and demand are alive and well in the housing market. Rent prices for apartments in Oakland — the Bay Area city of about 430,000 people — dropped 7.2% over the last year, according to data from Apartment List. That marks the largest drop in rent prices in any of the US’s 100 largest cities. Median monthly rent for a one-bedroom apartment in the city hit $1,430 — its lowest level since 2017. The decline is in large part due to a bunch of new housin…
3 months ago
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California is suffering from one of the country’s most severe housing crises, fueled by a chronic shortage of places to live. The Golden State is now home to a third of the country’s unhoused population as lower- and middle-income residents struggle to afford homes all over the state. After repeatedly promising to tackle the crisis, Gov. Gavin Newsom of California signed more than 50 housing bills this month. Pro-housing advocates say the patchwork of fixes is something of a mixed bag, but overa…
3 months ago
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San Francisco’s 18-hole Presidio Golf Course sits in some of the most prized land in the country: a national park.Combined with eight other courses in the city — where a severe housing shortage has helped push the median home price to $1.3 million — golf takes up over 700 acres. To put that in perspective, Manhattan’s Central Park is 843 acres.When the pandemic hit, golfing was paused and the 150-acre Presidio course opened up to anyone who wanted to walk, hike, jog, or bike through it without f…
3 months ago
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One of the biggest cities in one of the most car-dependent states in the country is cracking down on parking to deal with its housing affordability crisis.Austin, Texas is getting rid of requirements that new construction — from single-family homes to shopping malls — build parking spots. The City Council voted eight to two last Thursday to eliminate its so-called “parking minimums,” which mandate at least two parking spots for every single-family home and one-and-a-half spots for every one-bedr…
3 months ago
