One in three of Britain’s houses has two or more spare bedrooms. Yet overcrowding (as measured by the number of people relative to the number of bedrooms) is rising. With grandparents hogging the bigger, better properties, their children struggle to move up the housing ladder.
The way council tax is levied also gives elderly folk less incentive to downsize. It was last updated in 1993 and the priciest homes are taxed lightly.
A little-noticed change in Britain’s housing market spells trouble for everybody, August 8, 2017 at 09:50AM
WHEN Narendra Modi became prime minister of India in 2014, opinion was divided as to whether he was a Hindu zealot disguised as an economic reformer, or the other way round. The past three years appear to have settled the matter.
India’s prime minister is not as much of a reformer as he seems, August 5, 2017 at 11:33PM
It couldn’t have been more ambiguous 🙂
“War is a strange game, in which the only winning move—is not to play.”
For all the chest-thumping, India cannot win a war against Pakistan, August 4, 2017 at 02:03AM
… Typing Chinese characters is fiddly, voice-recognition services are more popular than in the West; they should improve faster as a result.
Why China’s AI push is worrying, August 8, 2017 at 10:42AM
“Southern food has never been static…[Traditionalists] feared for the ‘southern way of life’, then stammered when asked to define it.”
Cooking in the American south, August 8, 2017 at 10:40AM
This is true of everyone, everywhere who pushes against change with a defence of ‘destroying our way of life’. And politicians understand it. It’s easy to get people to agree against a thing, especially change, than to agree for a thing – even their definition of ‘way of life’.
The Pidgin phrase Naija no dey carry last, roughly meaning “Nigerians strive to finish first”, has become an unofficial national motto (as well as the title of a book satirising the country).
The fertile world of Nigerian patois, August 8, 2017 at 10:56AM
The celebrated novelist Chinua Achebe’s defence of writing in English, rather than his native Igbo, would ring true today whether spoken by politician or pop star. “We intend to do unheard-of things with it.”
Silicon Valley’s favourite economist, Ronald Coase. Back in 1937, a young Coase wrote “The Nature of the Firm”, calling attention to something strange:
while corporations competed within a competitive marketplace, corporations themselves were not markets. They were hierarchies. If you work for a company, you don’t allocate your time to the highest bidder. You do what your boss tells you; she does what her boss tells her. A few companies dabble with internal marketplaces, but mostly they are islands of command-and-control surrounded by a sea of market transactions.
Think like a supermodel if you want to win from the gig economy, July 15, 2017 at 11:44PM