For most people the covid-19 pandemic ended years ago. But not for commercial-property investors and their lenders. Working from home prompted an office slump that lasted far longer than mask mandates and lockdowns. Starting in 2022 aggressive interest-rate rises hurt the sector even more, by making mortgage loans far more expensive to roll over. The banks that financed it, especially the smaller ones, have been brutally squeezed as credit quality has deteriorated.
The politicians always promise everything to everyone because that is how they get elected. They hand out benefits, expand programs,...
U.S. President Donald Trump talks as he meets French President Emmanuel Macron for a bilateral meeting at Hotel Royal Evian...
Nothing seems to entice those in positions of power as much as secret societies. Nothing seems to reek of corruption...
There is a certain seductive logic to watching your rival gain advantage through state support and concluding that you should...
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary...
1. Introduction Public Choice is more than you think. The usual quick definition—“applying economics to the study of politics”—is not...
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