This week The World Economic Forum are highlighting 4 top stories – green steel that could help save the planet, a device that allows you to feel the Metaverse with your bare hands, a wind turbine that fits in your backpack and jet packs for paramedics on mountains.
Timeline: 00:15 Green Steel 02:09 Feeling the Metaverse 03:10 Backpack Wind Turbines 04:46 Jet Packs for Paramedics
War is tipping a fragile world towards mass hunger. Fixing that is everyone’s business. Our latest cover story explains how the calamity can be minimised https://t.co/pZs0XRNRihpic.twitter.com/Qh5XBFm2vP
Prices for the American dream home have skyrocketed. The U.S. housing market has been an unlikely beneficiary from Covid-19. The pandemic encouraged city dwellers to move to the suburbs as families looked for home offices and bigger yards.
Segments: 00:00 – Why the U.S. is facing a housing shortage (May 2021) 12:37 – How suburban sprawl shapes the U.S. economy (February 2022) 25:49 – How did rent become so unaffordable in the U.S. (December 2021) 34:46 – Is the U.S. in a housing bubble? (September 2021)
“Everybody expected housing to really sort of dry up with the rest of the economy,” said National Association of Home Builders CEO Jerry Howard. “And in fact, the opposite has happened. People who have been sort of scared out of the cities by the pandemic.”
With homeowners unwilling to sell, a record low supply of homes for sale has forced buyers into intense bidding wars. According to the National Association of Realtors, the U.S. has under built its housing needs by at least 5.5 million units over the past 20 years. That’s a stark comparison to the previous housing bubble in 2008 when overbuilding was the issue. Higher costs for land, labor and building materials including lumber have also impacted homebuilders.
However, according to most experts, the market is shaping up to look more like a boom rather than a bubble. “We say bubble because we can’t believe how much prices have gone up,” CNBC real estate correspondent Diana Olick said. “A bubble tends to be something that’s inflated that could burst at any minute and change and that’s not really the case here.” And America’s suburbs are sprawling again.
Over the 20th century, real estate developers built large tracts of single-family homes outside of major cities. The builders were following mortgage underwriting standards first introduced by the Federal Housing Administration in the 1930s. Over the century, those guidelines created housing market conditions that explicitly shut out many minorities. Experts say it is possible to update these old building codes to create equity while fixing some, but not all of the problems of American suburbia.
In 2021, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are limiting housing supply.
This week The World Economic Forum are highlighting 4 top stories – workers paid to relocate to rural areas, an innovative aircraft design, a lifesaving slime robot, and a wind and solar energy milestone.
Timeline: 00:15 Workers paid to relocate 01:40 New aircraft design takes flight 03:11 Lifesaving slime robot 04:22 Wind and solar energy milestone
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
When it comes to covid, the economy and the war in Ukaine, Xi Jinping is exhibiting poor judgment. China's response to each has a common root: swagger and hubris in public, an obsession with control in private, and dubious results. Our latest cover story https://t.co/IudY9sdWNFpic.twitter.com/jUkhYMmCzU
This week The World Economic Forum are highlighting 4 top stories – wheat shortages due to war, a female-led Mexican electric car brand, a robot dog guards Pompeii, and a plane fuelled by cooking oil.
Video timeline: 00:00 – Intro 00:15 – Wheat shortages due to war 02:17 – Female-led Mexican electric car brand 03:34 – Robot dog guards Pompeii 05:00 –
Plane fueled by cooking oil The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
Liberal centrists around the world should see Emmanuel Macron as a cautionary tale: one person alone cannot sustain the radical centre. Our cover explains why he still gets our vote, but with reservations https://t.co/AbrlQYRcOopic.twitter.com/8Uo8XaXPnY
A decisive victory for Ukraine could transform the security of Europe. Our latest cover story outlines what President Volodymyr Zelensky told us in the war room https://t.co/0zD6emRUoBpic.twitter.com/DGElb0MAET
Vladimir Putin is isolated and morally dead. He is turning himself into a 21st-century Stalin, resorting as never before to lies, violence and paranoia at home. Our cover this week https://t.co/hjbSofY2U4pic.twitter.com/dhqEnX2ZLq