Word: riches
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...result - since expensive houses tend to sit next to other expensive houses - is certain neighborhoods practically become no-sale zones. Rich Toscano, a financial adviser at Pacific Capital Associates in San Diego, crunched listings data for his metro area and found that while sales for the 20 most-expensive zip codes were down 8% in May, compared to a year ago, sales in the 20 cheapest were up 37%. Try to sell a house in Chula Vista and you're good to go - but don't expect much luck in La Jolla. Of course, what houses are selling...
Republicans, however, fear the rich will skedaddle. “The wealthy can move their tax home easily,” said State Representative Pam Sawyer, a Republican. Democrats are skeptical. “No one is going to move out of the state because we have an income tax of 6.5 percent. New Jersey is almost 9 percent or more. Massachusetts has a capital gains tax; we got rid of that,” said Barry. He has a point. Few people will move from Connecticut because of these changes...
...first glance, the WHO's first ever report on worldwide road safety reaches a basic conclusion: healthwise, you're better off living in a rich country than in a poor one. Though they're home to less than half the world's registered vehicles, low- and middle-income countries account for more than 90% of traffic fatalities. The report succeeds in spelling out the global impact of those crashes in cold, hard cash. Traffic injuries cost a whopping $518 billion a year. Poor countries generally spend more money responding to car accidents than they receive in development...
...cruise ships and returned with her savings in 2002, at 27, to open Soweto's first beauty parlor, Roots. She now operates nine of them. "Soweto was notorious, a place where people killed each other, stabbed each other," she says. "Now people even come here from Sandton [a rich Joburg suburb]. The city is getting to know itself again. We're becoming one place again." When the world converges on South Africa for the World Cup next year, it will, officials hope, find a city, and a country, finally beginning to heal...
What underlies this crisis, however, is a sort of Cold War reprise vexing the start of Latin America's 21st century. The Chávez-led, anti-U.S. group came to power because Washington-backed capitalist reforms so often simply widened the region's epic gap between rich and poor. But the bloc's socialist ideology, which critics say is a throwback to the authoritarian leftism of a bygone era, has élites across Latin America spooked in ways their parents and grandparents were when Fidel Castro still had influence in the hemisphere...