Airbnb regulation plan would do more harm than good: Guest commentary
As housing prices in Los Angeles continue to rise, the affordability crisis has been on the minds of state and local leaders.It’s true that Los Angeles is among the least affordable rental markets in the country, due in part to the city’s historically low vacancy rates. But it is inaccurate and does a disservice to the actual problem to solely blame short-term rentals for this wide-ranging crisis that has sharpened over the years. Home sharing has been an important tool for middle class famili..>> view originalIn a First, Mideast Hub Dubai Eases Liquor Rules for Ramadan
DUBAI, United Arab Emirates — Dubai, the Mideast's desert party town, has just gotten even wetter.The city-state is breaking new ground with its decision to loosen rules prohibiting day-time alcohol sales during the Muslim holy month of Ramadan, a move that reflects how much Dubai's rulers value the revenue both tourists and alcohol tax bring into this emirate.In years past, those wanting a beer or a glass of wine needed to wait until sundown, when Muslims break the daylong Ramadan fast with t..>> view originalOil rises slightly as markets awaits result of Brexit vote
TOKYO Oil prices were up slightly on Thursday, shrugging off a smaller-than-expected decline in U.S. stockpiles, as the market nervously awaited the result of Britain's "Brexit" vote.Trading has been choppy in the run up to Thursday's vote on whether Britain leaves or stays in the European Union (EU), although markets appear to have largely priced in a "Remain" vote.Brent's front-month August contract LCOc1 was up 5 cents at $49.93 a barrel at 0654 GMT. It closed down 74 cents, or 1.5 percent,..>> view originalECB Restoring Greek Banks' Access to Cheap Funding
FRANKFURT—The European Central Bank said Wednesday it would start accepting junk-rated Greek government debt as collateral for the ECB’s regular lending to banks, reopening a cheap funding channel that could help breathe life into Greece’s struggling economy. The decision to open a funding facility that had been shut for 16 months should help to restore confidence in the Greek banking sector and could lead to the partial lifting of...>> view originalSterling firms, Asian stocks wobble ahead of Brexit vote
HONG KONG Sterling rose and Asian stocks crept higher in cautious trade on Thursday though many investors sought shelter in safe-haven assets such as the yen and government debt as they braced for Britain's vote on its fate in the European Union. Sterling climbed to a six-month high against the dollar, cementing an impressive 6 percent rise since last week as investors squared short positions ahead of the referendum later in the day.European stocks are expected to open flat to slightly high..>> view originalAsia-Pacific Region Wealth Exceeds North America for First Time
Private wealth in the Asia-Pacific region surpassed that of North America for the first time last year, fueled by stronger economies and real estate markets, according to a Cap Gemini SA report.Millionaires’ assets in Asia-Pacific countries surged almost 10 percent to $17.4 trillion, outstripping North America’s $16.6 trillion, Cap Gemini said on Thursday. European wealth rose 4.8 percent to $13.6 trillion, while Latin America and Africa declined, the Paris-based consulting firm said. Global we..>> view originalNew Mexico sues Colorado over huge 2015 mine waste spill
By Susan Montoya Bryan | AP June 23 at 3:10 AM ALBUQUERQUE, N.M. — New Mexico is suing the state of Colorado, saying its neighbor to the north should be held responsible for the contamination caused by the 2015 Gold King Mine spill as well as decades of toxic drainage from mines near the headwaters of the Animas River. The New Mexico Attorney General’s Office and the state Environment Department announced late Wednesday that they filed a complaint against Colorado with the U.S. Supreme Court..>> view originalSolar plane lands in Spain after three-day Atlantic crossing
SEVILLE, Spain An airplane powered solely by the sun landed safely in Seville in Spain early on Thursday after an almost three-day flight across the Atlantic from New York in one of the longest legs of the first ever fuel-less flight around the world.The single-seat Solar Impulse 2 touched down shortly after 7.30 a.m. local time in Seville after leaving John F. Kennedy International Airport at about 2.30 a.m. EDT on June 20.The flight of just over 71 hours was the 15th leg of the round-the-wor..>> view originalDeKalb County home prices up in May as sales fell
DeKALB – Homes prices in DeKalb County posted double-digit gains last month as the number of sales fell and inventory declined.There were 107 existing homes sold in DeKalb County in May, down 6.1 percent from 114 closed sales in May 2015, according to figures released Wednesday by the Illinois Association of Realtors. Year-to-date, closed sales were down 3.3 percent to 416 through May, compared with 430 sales in the first five months of 2015.The median sales price in the county increased 10.9 pe..>> view original
Thursday, June 23, 2016
Airbnb regulation plan would do more harm than good: Guest commentary and other top stories.
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