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New York’s booming housing market splits the city in two

New York City has added an estimated 488,478 housing units since 1991. For a city that has added 1.1 million jobs over that same period, that’s not great, but it’s not terrible, either. Where things get complicated — and in some ways less encouraging — is in exactly what kind of housing it has added. These numbers are from the ...

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Imagine a world with no bank bonuses. It wouldn’t be so bad

In the financial world, bonus disappointment is cause for anguish, outrage, and sometimes a job change. Rather than enjoy guides on how to splurge on a foreign bolt-hole, victims are left instead to write pseudonymous columns about how Jeremy Corbyn’s views now pervade the corner office. When even Deutsche Bank AG pays bonuses, it seems unfair not to get what ...

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Vaping is new ‘chewing gum’ in Singapore’s nanny state

Back in 1992, Singapore feared that its gleaming new subway would be wrecked by people using something sticky to disable automatic train doors — so it banned chewing gum. Twenty-six years later, the prohibition on the import, manufacture and sale of gum is still in place, even though the utility of that harsh curb has never really been proved: Hong ...

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