Few Good Solutions as Home Affordability Plummets
World

Few Good Solutions as Home Affordability Plummets

Charles St-Arnaud, the chief economist at Alberta Central, the central bank for the province’s credit unions, started out his inquiry with a simple question: How far would prices need to fall, or would incomes need to rise, to make housing affordable again in Canada?The answer for most cities in Canada is “too much.”Mr. St-Arnaud’s research, published this month, presents a major obstacle to efforts to make housing in Canada more affordable. It suggests that the proposals being offered by many politicians — building more houses to lower prices by increasing supply — are unlikely to make a big difference.By most measures, houses are now so costly in much of Canada that affordability has reached a four-decade low. Back in the early 1980s, the squeeze was created by mortgage rates of more tha...
Severe Frostbite Gets a Treatment That May Prevent Amputation
Health

Severe Frostbite Gets a Treatment That May Prevent Amputation

The first time Dr. Peter Hackett saw a patient with frostbite, the man died from his wounds. It was in Chicago in 1971, and the man had gotten drunk and passed out in the snow, his fingers so frozen that gangrene eventually set in.Dr. Hackett later worked at Mount Everest Basecamp, on Denali, Alaska, and now in Colorado, becoming expert in treating cold-weather injury. The experience was often the same: There was not much to do about frostbite, except rewarm the patient, give aspirin, amputate in severe cases and, more often, wait and accept that six months later the patient’s body might “auto-amputate” by naturally shedding a dead finger or toe.His mentor in Anchorage used to say, “Frostbite January, Amputation July,” remembered Dr. Hackett, clinical professor at the Altitude Research Cen...
Dani Alves – from 43 trophies to four years in prison
Sports

Dani Alves – from 43 trophies to four years in prison

Dani Alves, who was this morning sentenced to four and a half years in prison in Spain after being found guilty of sexual assault, was, until very recently, one of global football’s golden boys.An exuberant, technical right-back, he was a major part of the Barcelona team that set new standards in the European game between 2008 and 2016. He played 126 times for Brazil and won 43 titles across his 22-year playing career — an astonishing number that makes him the second-most decorated footballer in history. Only Lionel Messi, his former team-mate at the Camp Nou, has more trophies to his name.That success, coupled with a relentlessly upbeat public persona, made Alves a hugely — almost universally — popular figure. It goes some way to explaining why his hearing, which took place over three day...
A Marketplace of Girl Influencers Managed by Moms and Stalked by Men
Technology

A Marketplace of Girl Influencers Managed by Moms and Stalked by Men

The ominous messages began arriving in Elissa’s inbox early last year.“You sell pics of your underage daughter to pedophiles,” read one. “You’re such a naughty sick mom, you’re just as sick as us pedophiles,” read another. “I will make your life hell for you and your daughter.”Elissa has been running her daughter’s Instagram account since 2020, when the girl was 11 and too young to have her own. Photos show a bright, bubbly girl modeling evening dresses, high-end workout gear and dance leotards. She has more than 100,000 followers, some so enthusiastic about her posts that they pay $9.99 a month for more photos.Over the years, Elissa has fielded all kinds of criticism and knows full well that some people think she is exploiting her daughter. She has even gotten used to receiving creepy mes...
Trader Joe’s Is Coming to Springfield. Just Not That Springfield.
Business

Trader Joe’s Is Coming to Springfield. Just Not That Springfield.

So when The Springfield News-Leader, a newspaper that serves Springfield, Mo., reported that Trader Joe’s planned to open a store there with a quote from a company statement, it was noticed.“I’m happy to confirm we have plans to open a new store in Springfield,” the Trader Joe’s spokeswoman had written, according to the newspaper.But “Springfield” proved not descriptive enough. There’s Springfield, Fla., Springfield, Mass., Springfield, Ill., Springfield, N.J., Springfield, Ohio, Springfield, Ore., Springfield, Pa., Springfield, Vt., Springfield, Tenn., and Springfield, Va.Springfield is also where “The Simpsons” takes place. The show’s creator, Matt Groening, who acknowledged in recent years that the city in his home state of Oregon was the inspiration for the town in the show, has said: ...
France Will Cut Spending as It Sees a Weaker Economy Ahead
World

France Will Cut Spending as It Sees a Weaker Economy Ahead

France is entering an era of belt-tightening, as the wars in Ukraine and Gaza, economic slowdowns in Germany and China and record-high interest rates take a bigger-than-expected toll on growth.The French will find themselves faced with cuts of 10 billion euros ($10.8 billion) in government spending, on items including environmental subsidies and education, the government announced Thursday, on top of €16 billion in cuts announced a few months ago. The finance minister, Bruno Le Maire, on Monday revised the forecast for economic growth this year to 1 percent, down from 1.4 percent at the end of last year.“Lower growth means lower tax receipts, so the government must spend less,” Mr. Le Maire said at a news briefing.After spending lavishly during the pandemic to support the economy and shiel...
Roger Guillemin, 100, Nobel-Winning Scientist Stirred by Rivalries, Dies
Health

Roger Guillemin, 100, Nobel-Winning Scientist Stirred by Rivalries, Dies

Roger Guillemin, a neuroscientist who was a co-discoverer of the unexpected hormones with which the brain controls many bodily functions, died on Wednesday at a senior living facility in San Diego. He was 100.His death was confirmed by his daughter Chantal Guillemin.Dr. Guillemin’s career was marked by two spectacular competitions that ruffled the staid world of endocrinological research. The first was a 10-year tussle with his former partner, Andrew V. Schally, which ended in a draw when the two shared half of the Nobel Prize in Physiology or Medicine in 1977. (The other half went to the American medical physicist Rosalyn Yalow for unrelated research.)The second competition began shortly afterward when Wylie Vale Jr., Dr. Guillemin’s longtime collaborator and protégé, set up a rival labor...
The fearless mindset of the Warriors’ Brandin Podziemski: ‘He’s got a delusion to him’
Sports

The fearless mindset of the Warriors’ Brandin Podziemski: ‘He’s got a delusion to him’

SAN FRANCISCO — Nearly a year ago on the dot, Mike Dunleavy, the Golden State Warriors’ future general manager, and Kent Lacob, an ascending front office personnel voice, hopped in a car and made the quick 50 mile trip south to Santa Clara’s campus.They were primarily there to see Maxwell Lewis, the possible lottery pick out of Pepperdine. Lewis played fine. He’d eventually get selected 40th in the 2023 NBA Draft. But he wasn’t the best player on the floor. Brandin Podziemski, a 6-foot-4 guard who was only beginning to creep onto the draft radar, made every significant play to lead Santa Clara to victory. His 23 points mattered. But it was the 18 rebounds that had Dunleavy’s and Lacob’s antennas up.“Mike and I walked out of the game like, ‘Um, that guy might be a first-round pick,'” Lacob ...
Instagram’s Uneasy Rise as a News Site
Technology

Instagram’s Uneasy Rise as a News Site

On a recent Wednesday in Brooklyn’s Dumbo neighborhood, Mosheh Oinounou, a former producer for CBS, Bloomberg News and Fox News, swiped through Instagram. He had started his morning reading major newspapers and more than a dozen newsletters. Then he spent much of the day turning many of the articles into posts on his Instagram account, under the handle Mo News.A Wall Street Journal story on aging Americans was relayed through a picture of a cake declaring, “Record Number of Americans Will Turn 65 This Year: Wealthy, Active, And Single.” At times, Mr. Oinounou, an affable 41-year-old, has also appeared on camera with the co-host of his daily news podcast to explain the significance of how Republican presidential candidates were polling and why President Biden was a write-in candidate in New...
New Freighters Could Ease Red Sea Cargo Disruptions
Business

New Freighters Could Ease Red Sea Cargo Disruptions

After the Houthi militia started attacking container ships in the Red Sea last year, the cost of shipping goods from Asia soared by over 300 percent, prompting fears that supply chain disruptions might once again roil the global economy.The Houthis, who are backed by Iran and control northern Yemen, continue to threaten ships, forcing many to take a much longer route around Africa’s southern tip. But there are signs that the world will probably avoid a drawn-out shipping crisis.One reason for the optimism is that a huge number of container ships, ordered two to three years ago, are entering service. Those extra vessels are expected to help shipping companies maintain regular service as their ships travel longer distances. The companies ordered the ships when the extraordinary surge in worl...