(Bloomberg View) -- So What if New York Is Unaffordable?
Sure, the average Manhattan apartment costs $2 million, and the situation isn't much better in San Francisco, Los Angeles, Chicago, Washington or Boston. That's great for the rest of America, Conor Sen says: When people flee the most developed cities, they spur development elsewhere and reduce inequality.
A New Strategy for Climate Change: Retreat
After Hurricane Sandy devastated parts of New Jersey in 2012, the state offered to buy homes at risk of repeated flooding. It hasn't gone quite as planned. Christopher Flavelle reports on the quiet radicalism of New Jersey's Blue Acres program.
The Age of the Never-Ending Performance Review
Annual reviews are so last year: In the era of big data, why shouldn't employees receive continuous, 24/7 feedback? Justin Fox says real-time evaluation makes sense (as long as we don't let it get too dystopian).
What the Olympics Don't Measure
Bad news for the United States, and good news for United Arab Emirates: Winning a lot of Olympic medals doesn't correlate with other benchmarks of national greatness. Mark Whitehouse marshals the evidence.
Myanmar's Fragile Experiment
In some ways, Myanmar's slow and partial shift away from military rule appears to be working out -- ordinary citizens enjoy new freedoms in a country where the price of a SIM card has fallen from $2,000 to less than $2 in five years. But Pankaj Mishra says democratization isn't always a benign process (as Egypt and Turkey have recently shown), and the status of minorities in the southeast Asian country remains unsettled.
Ritholtz's Reads
- Volatility deliberations (Statistical Ideas)
- The United States of market history amnesia (Teachable Moment)
- In scramble for yield, pension funds will try almost anything (WSJ)
(Read Barry Ritholtz's full daily news roundup.)
Bloomberg Gadfly
- Volkswagen: a humbled Goliath
- Chinese smartphones on the rise
- Apple and Samsung dominate where it counts
(Read more from BV's sister site for fast business commentary.)
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