Dmitry Kazankov on LinkedIn: Rent Controls Raise Rents, Review Finds, as Sadiq Khan Seeks New Powers (2024)

Dmitry Kazankov

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Rent Controls Raise Rents, Review Finds, as Sadiq Khan Seeks New Powers UK Election DebateRent controls,designedto make housing more affordable,may actually lead to higher prices, fewer available properties, and declining housing quality, according to a review of nearly 200 studies over 60 years across 100 countries.As the UK approaches a general election, Labour leaders, including the Prime Minister and Chancellor, have hinted at the possibility of rent control measures. However, the Institute of Economic Affairs (IEA) warns that while such controls can lower rents in regulated areas, they often push up prices elsewhere, as seen in cities like New York. These controls can also discourage property maintenanceand lead to housingmisallocation.Proponents arguethat rent controlscould offer renters much-needed relief. In May, Shadow Chancellor Rachel Reeves expressed caution, stating, "I think that should be up to local areas to decide, there may be the case for that in some local areas, but as a blanket approach, I’m not convinced by that.”Labour’s recent report proposed a “double lock” onrent increases,linking them to local wage growthor inflation.Critics, however, cautionthat suchmeasures might deter investment, reducing the supply ofrental properties and...

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    Busted Star Matt Willis Reveals Wife Emma's Heartbreaking Reaction to His Proposal A Venetian Proposal Gone AwryIn a candid revelationon the NewlyWeds podcast, hosted by Made in ChelseastarsJamie Laing and Sophie Habboo,Busted frontman Matt Willis sharedthehilariousand “mortifying” detailsofhis wedding proposal toTV presenterEmma Willis.Inthelatest episode,Matt, 41,sharedthat hehad planned an elaborate proposalduringa tripto Venice, Italy, forEmma’s birthday, with the romantic setting of a Venetianrestaurant inmind.However,his plans took a sudden turn when he overheard a group ofEnglish fans at a nearby table singingBusted songs.Realizing the moment wasn’t quite right, Matt quickly improvised and led Emma to the iconicRialto Bridge, the oldest bridgecrossingthe Grand Canal.Reflecting on the spontaneous changeofplans,Matt said,“I waslike, ‘Right, thisisn’tgoing to work, so what doI do now?’”Emma, 48, who co-hosts the new show Love Is Blind UK with her husband, described the evening as filled with nervous energy.“We had dinner, and he wasactingreallyweird, twitchy even. I thought, if he's brought me here to break up, that’s really messed up.”As they strolled through Venice, Emma’s suspicions grew.“I was trying to be an inve...

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    SEC Charges Carl Icahn for Concealing Billions in Loans Backed by IEP StockIcahn Fined for Hidden LoansThe Securities and Exchange Commission (SEC) announced on Monday that billionaire activist investor Carl Icahn illegally failed to disclose billions of dollars in personal margin loans secured against his Icahn Enterprises stock.According to the SEC, Icahn pledged between 51% and 82% of Icahn Enterprises (IEP) shares as collateral for margin loans, without informing shareholders or federal regulators. This omission violated federal securities laws, which require controlling shareholders to disclose significant encumbrances on their stakes, typically through Schedule 13D filings.Icahn's personal borrowing reportedly reached up to $5 billion, as detailed in an SEC consent order. Despite these significant obligations, Icahn did not disclose the margin loans until July 2023.Icahn and his publicly traded company, Icahn Enterprises, settled the charges without admitting or denying wrongdoing. They agreed to pay fines of $500,000 and $1.5 million, respectively. A spokesperson for Icahn was not immediately available for comment.This issue was first brought to light in May 2023 by a report from short-seller Hindenburg Research, which alleg...https://lnkd.in/etpsdJfX

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    Yvette Cooper Vows Crackdown on Extremism by Targeting ‘Hateful Beliefs UK Targets Extremism with New Rapid Response PlanIn response to rising concerns over youth radicalization and the growing influence of extremist ideologies both online and within communities,Home Secretary Yvette Cooperhas launched a new initiative aimed at combating extremism across the UK.The Home Office has initiated a "rapid sprint" project to develop a comprehensivecounter-extremism strategy,focusing on the evolving threats posed by a range of harmful ideologies. This proactive approach seeks to close the gaps in the current system that have left the UK vulnerable to violent and anti-democratic activities.The urgency of this initiative is highlighted by recent unrest following the tragic stabbing of three girls in Southport, which ignited riots across England. By the end of Thursday, 460 individuals had appeared in magistrates' courts in connection with the disorder, with 72 of them being under the age of 18.Yvette Cooper has been vocal about the previous government's failure to maintain a robust counter-extremism strategy, which has been absent since 2015. She argues that this gap has left communities increasingly exposed to dangerous ideologies.“Action against extremism has been badly...

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    Singer Sabrina Carpenter Splits with Barry Keoghan Due to His Party LifestyleCarpenter Ends RelationshipThe singer reportedly ended the relationship three weeks ago, only a few months after BarryKeoghan starredin her music video forthe hit song‘Please Please Please’.The two first got together in December, during the promotional whirlwind for Keoghan's acclaimed film, Saltburn.Theirrelationship became publicwhentheyposedtogetherattheGrammys in February, where onlookers remarked on how "cute" they looked as a couple.Keoghan, a BAFTA-award winner, had previously split from his long-term girlfriendAlyson Kieranslast year,with whom he sharesason, Brando, born in August2022. Despite their six-year age difference,the relationshipreportedlyended due toKeoghan's drinking habits, which became a major point of contention.“Barry’s behavior when drinking was causing a lot of frustrationfor Sabrina,” a source told The Sun.“She’s focused on her career, with her music soaring in the charts and an upcoming tour, and couldn’t continue in a relationship that was holding her back.”Reports suggest that Keoghan’s previousrelationship with dental nurse Alyson Kieransalsoended due to hisdrinking habits. He had informed her of...https://lnkd.in/e_e8UrDH

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    US Dollar Strengthens as Positive Economic Data Eases Recession ConcernsYen Dips as Strong U.S. Economy Boosts DollarThe U.S. dollar remained close to a two-week high against the yen on Friday, following its biggest one-day gain in four weeks. This rise was fueled by robust U.S. economic data that has eased fears of a recession.Treasury yields surged on Thursday, further boosting the dollar as traders pulled back from expecting aggressive monetary easing by the Federal Reserve. As a result, risk-sensitive currencies like the British pound also firmed up amid a rally in global equities.The dollar index, which measures the greenback against six major currencies, dipped slightly by 0.12% to 102.92 at 05:13 GMT, after a 0.41% overnight rally—the strongest since July 18. The dollar slipped 0.24% to 148.935 yen but stayed near Thursday's peak of 149.40.The U.S. Commerce Department reported a 1.0% increase in retail sales for July, surpassing the expected 0.3% rise. Additionally, unemployment claims dropped to 227,000, below the forecast of 235,000. These figures have solidified expectations of a Federal Reserve rate cut on September 18, though the size of the cut remains debated."Growth is in a better spot, and the consensus is again sub...https://lnkd.in/e8bMVawr

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    Sofia Vergara Breaks Silence on Joe Manganiello's Statements About Their Divorce DiscussesBreakupSofia Vergara and Joe Manganielloare addressing conflicting reportsabout their breakup. Vergarasuggestedthat differing views on having childreninfluencedtheir split,butManganiellodenied this, sayingtheirseparation was due to growing apart. Vergara has expressed doubt about the accuracy of recent media quotes, while both stars have moved on to new relationships.Speaking with the Spanish publication El País,Vergarahintedthat theirbreakup was partially influenced by Manganiello's wishto have children,a claim he subsequently refuted. In a separateJuly interview withMen’sJournal, Manganielloclarifiedthattheirsplitwas unrelatedtodisagreementsaboutstarting afamily.DuringanAugust 14interview with Variety, ModernFamilyactress Sofia Vergaraexpressed uncertaintyabout thevalidityof JoeManganiello’srecentcomments.Vergarastated, “Ultimately, you can never be sure if he actually said that. I’ve come across many quotes attributed to me that made me think, ‘What?’ Am I supposed to call him to verify? I have no idea if those words are even his.”Joe Manganiello, celebrated for his performances in “Magic Mike” and “True Blood,” has addressed recen...

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    Tyler, the Creator Apologizes to Eminem for Criticizing ‘Recovery’ AlbumNetflix ShowChanges TylerGrammy-winningmusician Tyler, The Creator, has reconsidered his earlier harsh remarks about Eminem's 2010 album Recovery. During a guest spot on Maverick Carter Mavericks show, Tyler explained that his views changed after watching the 2023 Netflix miniseries Painkillers, which shed light on the challenges Eminem faced during that period. This new understanding has led Tyler to reassess his previous criticism, reflecting his evolving perspective.Tyler explained that his criticism stemmed more from his personal preferences in music rather than any animosity towards Eminem as a person. He now regrets not having a broaderperspectiveat the time.Despite his earlier comments,Tyleremphasizedhisdeep respectfor Eminem,creditinghimwith helpinghimlearnhow to rap. Tylersaid: “Ilove Eminem. Thatguytaughtme how to rap."Tyler also expressed a desire to apologize to Eminem in person someday.AlthoughTylerinitially expressedcriticismofRecovery, thealbum turned out to be a massivecommercialsuccess. It launched at No. 1 onthe Billboard 200, with741,000 copiessoldin its first week. The album's success was further cemented when...https://lnkd.in/e3RpHCcq

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    Kit Harington Explains Why He Took His 'Eternals' MCU RoleKit Harington's MCU Adventure Hits a WallKit Harington, famous for playing Jon Snow in Game of Thrones, is taking a break from big franchise roles. After his debut as Dane Whitman in Eternals (2021), many expected him to become the Black Knight in a future Blade film, but he’s currently stepping away from these high-profile projects.However, despite the strong foundation laid for his character, Eternals didn't quite hit the mark at the box office, bringing in $402 million globally, a figure that fell short of Marvel’s expectations. This underperformance has led to the shelving of a potential sequel, whilethe Blademovie, set to feature MahershalaAli, has faced numerousproduction setbacks. The future of Harington's character in the MCU is now shrouded in uncertainty.In a new interview with GQ magazine, Kit Harington spoke openly about his brief stint in the Marvel Cinematic Universe (MCU). He explained his decision by saying, “I won’t claim I took that role solely for its novelty or appeal. When Marvel reaches out, you have to take the opportunity.”The Blade reboot,announced in July 2019, has faceddelays and changes. Original director Bassam Tariq left justbefore filming ...https://lnkd.in/eesKv7mk

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    Blake Lively and Ryan Reynolds Embrace Influencer Roles Blake Lively’s Marketing MasterclassIt Ends with Us is more than a film; it’s a marketing spectacle. Centered on a woman in an abusive relationship, it also highlights Blake Lively's entrepreneurial ventures, from her perfect hair to a stylish flower shop. With a Taylor Swift ballad accentuating key scenes, the movie feels like an Instagram Story come to life — where the plot and visuals are all part of the promotional package.Lively’s Strategic Return to FilmBlake Lively, often underestimated as an actor, hadn’t appeared in a movie for four years before It Ends with Us. During that time, she has redefined her brand, embracing a new kind of superstardom where creative projects double as business opportunities. This strategy, similar to what some call "The Swift Effect," aims to maximize profitability by aligning her film roles with various business ventures. Lively’s latest project is no exception.Image from goodfon.comA Web of Cross-PromotionsAlongside the movie, Lively has launched a haircare line, Blake Brown, and continues to promote her drinks brands, Betty Booze and Betty Buzz. Ryan Reynolds is actively involved too, filming skits for her Instagram, attending the premiere with Hugh Jackman, and teasi...

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Dmitry Kazankov on LinkedIn: Rent Controls Raise Rents, Review Finds, as Sadiq Khan Seeks New Powers (22)

Dmitry Kazankov on LinkedIn: Rent Controls Raise Rents, Review Finds, as Sadiq Khan Seeks New Powers (23)

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Dmitry Kazankov on LinkedIn: Rent Controls Raise Rents, Review Finds, as Sadiq Khan Seeks New Powers (2024)
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