Business

With the New York City real-estate market sagging under the weight of too much inventory following a credit-driven surge in multifamily housing in recent years, the return of Manhattan’s marginal buyer could finally be at hand.

A ranking of the city’s best-selling condo buildings from Property Shark hints at how the ultra-high end of the market, where units can sell for $20 million or more, appears increasingly vulnerable. While some of the top-selling buildings have racked up impressive sales totals, some have vacancy rates as high as 40%.

The good news - thanks to the largest liquidity injection in almost six months, yields on China's sovereign bonds have fallen - the biggest drop since Dec. 29, to 3.50 percent, while the one-year dropped four basis points to 3.57 percent. .

“The People’s Bank of China’s liquidity injections are showing its intention to protect the market at this sensitive period of time,” said Sun Binbin, a Shanghai-based analyst at Tianfeng Securities Co.

Submitted by Gordon Johnson of Axiom Capital Research

Last night, China published May, 2017 new home pricing data for its 70 city index, which showed a continued slowing in growth (a key driver for commodity consumption inside China). More specifically, in May, new home prices across the China 70 city index advanced just 0.74% m/m, while annual growth, or the most important metric here, fell further to just +9.46% y/y (vs. +9.63% annual growth in April, and +10.51% annual growth December, 2016).

With the CEO on 'temporary' leave, and lacking most of the C-suite, Uber's seemingly endless stream of PR disasters has finaly begun to impact its 'king of unicorns' status as CNBC reports a growing number of insiders are seeking to sell their shares. But buyers are hard to find.

As a gentle reminder, here is a snapshot of some of the most notable scandals that have emerged, involving the world's most valuable private company:

Authored by Ryan McMaken via The Mises Institute,

In recent years, we've examined any number of ways of decentralizing the American political system. These step-by-step moves can include decentralizing the monetary system, decentralizing the military, decentralizing immigration policy, and decentralizing elections.