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By Tom Hayden
$14.93
By Richard Rhodes
$20.00
$35
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wilhemlja (CC-BY-SA 2.0)
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In spite of a still-bleak economy, the average cost of rent in Manhattan sits at an all-time high of $3,148 a month. And with a 1 percent vacancy rate and just over 2,200 rentals slated for construction this year, landlords will continue to dominate the market.
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Economic frustrations, particularly the high cost of rent, have breathed new life into the Israeli left. Residents of a tent city in Tel Aviv, constructed to protest financial woes, put Israel’s conservative prime minister on the defense, forcing him to announce a committee Sunday to look into reforms.
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boc.ca.gov
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California’s outdated technical infrastructure has made 200,000 state employees very, very happy. After an injunction by the governor to cut workers pay to the state’s $7.25 minimum wage, the state controller has successfully argued that such pay docking would be impossible given the state’s outdated payroll computer system.
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Flickr / The City Project
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Culture and history matter, even if it costs money. Someone should tell that to the city of Los Angeles, which is raising rents on the merchant tenants of Olvera Street, a Mexican-heritage historical site downtown that is currently undergoing privatization.
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Hezbollah, flush with cash from Iran, has already begun the work of reconstruction in Lebanon, enhancing its reputation in the country. Hezbollah?s leader, Sheik Hassan Nasrallah, promised a year?s rent to anyone who lost their home during the conflict, and hundreds of Hezbollah members have been spotted surveying and clearing damaged property.
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