Langstaff Gateway Condos floor plan. The Canadian real estate bubble. Uber, who is valued at $70 billion, may recently face the misfortune that CEO Kalanick will have to leave. This company will become a real “self-driving” company without CEO, CFO or COO. In fact, Uber’s market share in the US has fallen by 7 per cent in the past five months after the release of Kalanick videos swearing about Uber drivers. Many people are embarrassed to get on Uber’s car again. Kalanick can be forced to stay, but if he considers his future and equity value, leaving is the best option.Please Visit: Langstaff Gateway Condos floor plan to Get Your VVIP Registration Today!
Thanks to heavy Chinese purchases, Vancouver and Toronto in Canada have become one of the cities with the biggest house price bubbles in the world.
Household debt reached 170 per cent of after-tax income, and house prices rose 20 per cent in the first four months of this year, still not falling after the introduction of a property purchase tax on foreigners (who are actually Chinese). The same thing happened in Sydney and Melbourne, Australia. Clearly, the cost of holding in these countries still cannot stop overseas investors from entering.
For Macron, the newly elected French president, the election is only the first step. His party was founded 14 months ago, and 14 months later he won 32% of the vote, 10% higher than the Republican candidate.
The advantage of Macron is that he has no political burden and is free to choose the best among the suggestions of the left and the right, even though he comes from a leftist background. A thorny problem is high unemployment. The unemployment rate in France has reached 10% in the past five years, while the unemployment rate among young people is more than 20%, much higher than in Germany. How to reduce youth unemployment in France will be an important issue for Macron.
On the other hand, we have seen a sharp decline in unemployment in Spain. A big change is labour reform, which has reduced the compensation for layoffs from 45 days to 33 days per working year, while cutting employee benefits. In the past, many companies were unable to operate because of the high cost of labor benefits. Today Spain’s car production is the largest in Europe after Germany, and the economy began to recover in the fourth quarter. At the same time, Spain raised taxes and reduced spending, reducing its budget deficit from 10.6% to 4.3%.
So if we look at the confidence index in Europe as a whole, it is much stronger than the Greek default in 2013. In the first quarter of this year, GDP growth in 19 countries in continental Europe was 2.3%, almost double that of the United States. Manufacturing indices in Portugal and Italy are recovering, and European stock markets are also performing strongly. While central banks around the world are starting to think about tightening balance sheets, the European economy as a whole has experienced a strong recovery over the past few years.
President Trump wants to increase defense spending by $19.9 billion by $2017, increase the number of warships from 275 to 350, and increase the number of troops from 476000 to 540000. The defense budget for 2018 will be $603 billion, a significant increase of $54 billion over the base budget proposed in the 2011 Obama plan. Interestingly, historically, every time a Republican president was elected, there was a big increase in the defense budget. Trump plans to increase basic spending on the defense budget from $640 billion to $740 billion by 2022.