What America’s hot housing market means for consumer prices
A bounceback in rents would have a big effect on inflation statisticsMay 24th 2021THE AMERICAN economy last year may have suffered its deepest downturn since the Depression, but you would not know it from house prices. In April the median house price (excluding new builds) climbed to a record high, according to the National Association…
India’s covid-19 crisis is beginning to ease
But its vaccination programme is failing spectacularlyOVER THE past week India has passed two sad milestones in the struggle against covid-19. The official number of deaths from the pandemic crossed 300,000. Daily fatalities topped a record 4,500. Sadder still was the certainty that on both counts the true toll was many multiples higher. Across vast…
A frightening night in Goma under its erupting volcano
Thousands have fled the eastern Congolese city. For many it is not the first time they have had to abandon their homesCHARLES KAMBALE stands amidst smoking, sulphurous rubble, half-heartedly picking scraps of metal off the ground. “This is my home,” he says, quietly. Molten lava began spilling out of fractures in the side of Mount…