No one loves to complain about sky-high rent as much—or as loudly—as people living in New York and San Francisco. But neither city is listed on the top 10 least affordable cities on the Bloomberg Global City Housing Affordability Index. In fact, you won’t find any U.S. city there. Emerging economies currently have the least-affordable housing, led by Caracas and Kiev. —Megan Hess |
| Here are today's top stories... | | One month after Maria. A crisis is still raging in rural Puerto Rico a month after Hurricane Maria battered the island. As of Friday, one-in-three residents lacked running water and about 83 percent of residents and businesses are still without electricity. Many find the current condition of a U.S. territory that’s home to some 3.4 million citizens unthinkable at this stage in storm recovery. | | Brits told Trump to mind his own business. President Donald Trump extrapolated a single statistic from a U.K. report on Friday, tweeting: “Just out report: United Kingdom crime rises 13% annually amid spread of Radical Islamic terror. Not good, we must keep America safe!” The backlash was immediate. Opposition Labour Party lawmaker Chris Bryant said: “Can you please stick out of our business with such divisiveness? You clearly don’t understand difference between causation and correlation.”
| | Check your spam—it could be the SEC. The company behind Taser stun guns ignored emails from the Securities and Exchange Commission “due to miscommunication issues” —they went to a spam folder. Axon Enterprise just became aware of SEC requests regarding its previous financial reports and is now scrambling to respond. The company’s stock fell as much as 7 percent, its biggest drop in more than two months. | | One less reason to hate the airport. Delta is automatically checking-in some passengers for their flights and putting an electronic boarding pass in those passengers’ Delta mobile app. The change eliminates the traditional “It’s time to check in” reminder. This raises the obvious question: Why do airline customers still need to check-in at all? | | Clamoring to see Trump. (Not that one.) Donald Trump Jr. has become a rainmaker for the Republican Party, allied conservative groups, and—in at least one case—himself. At a dinner in May, he raised $400,000 for the Indiana Republican party, a record, beating previous headliners including Paul Ryan and New Jersey Governor Chris Christie. | |
| Rent is too damn high | These Cities Make NYC Housing Look Dirt Cheap | In Rio de Janeiro, Brazil’s second-largest city, average monthly take-home pay of $640 won’t even unlock a rental on the outskirts of town. Meanwhile, seven of the top 10 most-affordable cities are in North America, according to rankings on the Bloomberg Global City Housing Affordability Index. | | |
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