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Saving For a Space Ship

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Everything posted by Saving For a Space Ship

  1. Audit office blames UK government for botched £1.5bn green homes scheme Spending watchdog says home insulation drive was fatally rushed and missed chance to cut heating bills and create jobs https://www.theguardian.com/environment/2021/sep/08/audit-office-blames-uk-government-for-botched-15bn-green-homes-scheme
  2. Why Britain's newbuilds are so ugly https://www.telegraph.co.uk/family/life/britains-newbuilds-ugly/
  3. Mark Farmer @MFarmer_Resi A global crisis is brewing for construction. Declining labour market resiliency across many developed economies has been showing itself for years but geopolitical trends and the pandemic have now laid bare how bad things really are Labour shortages threaten housing supply There is more demand than ever for new homes. But there are too few people to build them | Finance & economics economist.com DON HORTON, founder of America’s largest housebuilder, never thought he would have to turn away business in Texas. Until recently he could not build homes in the state fast enough. Now his firm is restricting sales as industry-wide shortages of labour and building materials such as timber slow construction and inflate costs. The combination of these constraints and surging demand for housing has led to staggering rises in house prices. According to figures published on August 31st the Case-Shiller national house-price index was 18.6% higher in June than a year earlier—the third record-breaking rise in as many months (see chart). But although the shortages of materials are expected to ease next year, skilled labour will be harder to find. As covid-19 spread and countries locked down, the construction workforce took a big hit. In America it shrank by nearly 15% in 2020, wiping out four years of job gains. But it has yet to recover fully, even as demand for housing has been turbo-charged by low interest rates and enthusiasm for bigger homes. Around 88% of American contractors say they are struggling to find workers, leaving nearly 300,000 roles vacant. Having decelerated in 2020, wage growth is now picking up. Britain has the most vacancies in two decades, with two-thirds of construction firms finding it difficult to hire bricklayers and carpenters. Half of all French construction firms report facing difficulties with recruitment, making it the country’s worst-affected sector, and a fifth of German building and civil-engineering companies say they lack skilled workers. The industry’s hiring struggles in part mirror the wider labour shortages affecting much of the rich world. As in other sectors, a fear of the virus and an ability to fall back on benefits and savings might explain why the unemployed have been slow to return to work. Travel restrictions across national and provincial borders to curb the pandemic have hit the construction sector, which relies heavily on migrants, especially hard. (That has been starkest in China and India, where migrants account for four-fifths and one-third of construction workers, respectively.) Long-standing factors are also contributing to the construction labour shortages. Homebuilders have struggled to maintain a consistent labour force since the global financial crisis of 2007-09. That in part reflects deeper changes to immigration laws, which have stemmed a once-steady stream of labour. Inflows of foreign workers into America, for instance, have been in decline since the introduction of anti-immigration policies by President Donald Trump. Just over 44,000 foreign-born workers entered the construction industry in 2017, a sharp drop compared with nearer 70,000 in the previous year. Similarly, the Office for National Statistics reckons that Britain has lost 42% of its European construction workers since its vote to leave the European Union, which signalled an end to the free movement of migrants from the EU into the country. Skills shortages are also compounded by an ageing workforce. Around 41% of construction workers in America are expected to retire within the next decade. One in five British workers is over the age of 55. Recruiters seeking talent, meanwhile, find slim pickings. High-school graduates of all income backgrounds avoid construction jobs, perceiving them to be dirty, dangerous and difficult. Less than one in ten young people in Britain would consider a career in construction, shunning even white-collar jobs in areas such as engineering, quantity surveying and town planning. Automation might have been one way to avert shortages of workers. But the industry has been slow to embrace it. Around half of construction businesses use robots, compared with 84% of automotive firms and 79% of manufacturing companies. Meanwhile, the shortages seem set only to intensify. Demand for workers looks likely to rise further, as governments promise both to build more houses and to help prepare the existing stock for a changing climate. Britain already requires 217,000 extra workers by 2025 to meet the government’s target of 300,000 new homes per year. Even more labour will be needed to retrofit 29m existing homes to meet net-zero carbon targets by 2050. Governments’ plans to spend on infrastructure in America and Europe could suck in workers and leave fewer to build houses. Job vacancies, construction delays, bosses’ headaches—all may go through the roof. ■
  4. European banks storing €20bn a year in tax havens Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities https://www.theguardian.com/politics/2021/sep/06/european-banks-storing-20bn-a-year-in-tax-havens Outrageous, but nothing is suprising regarding the banks anymore, particuallry the 39% interest rates on overdrafts in a time of national crisis Chris Hedges | How Bankers ROBBED and ENSLAVED America https://www.youtube.com/watch?v=gZnwIyQjCOg
  5. NYC extends eviction ban until Jan 15 2022, but evictions go ahead in disaster struck other parts of USA .... Hurricane Ida aftermath merges with evictions, creating ‘astronomical impact’ on housing crisis https://uk.news.yahoo.com/hurricane-ida-aftermath-merges-with-evictions-creating-astronomical-impact-on-housing-crisis-142446905.html
  6. ISAAC HAYES - shaft (rare disco version) Hamilton Bohannon - Foot Stompin Music (Sound Remastered https://www.youtube.com/watch?v=3_oMt5DZjTU
  7. Hurricane resistant "Earthship" build in Puerto Rico This hurricane-proof home can withstand powerful storms https://www.youtube.com/watch?v=3Ge-9rARXfo
  8. Grenfell Tower set to be demolished over safety concerns https://www.theguardian.com/uk-news/2021/sep/04/grenfell-tower-set-to-be-demolished-over-safety-concerns
  9. Furlough end unlikely to resolve driver and care staff shortage, says thinktank https://www.theguardian.com/business/2021/sep/05/furlough-end-unlikely-to-resolve-driver-and-care-staff-shortage-says-thinktank Shortage of open shops ? Almost 50 shops a day disappear from High Streets https://www.bbc.co.uk/news/business-58433461
  10. Breaking - Did China just Declare WAR? https://www.youtube.com/watch?v=6xcvDMDg8TY
  11. Homeless people in Cornwall ‘turfed out’ of housing as landlords try to ‘make a quick buck’ from staycations https://inews.co.uk/news/uk/homeless-people-cornwall-turfed-out-housing-landlords-staycations-uk-travel-1179826
  12. Doctors, charities and Tory thinktank urge PM to drop universal credit cut https://www.theguardian.com/society/2021/sep/02/doctors-charities-pm-universal-credit-cut-poverty I don' t think they will reverse the cut, but this may cause civil unrest
  13. UK homeowners repay £1.4bn more mortgage debt in July than they borrow https://www.theguardian.com/business/2021/aug/31/uk-homeowners-mortgage-debt-july-stamp-duty-holiday
  14. Shop prices rise amid driver shortages and Brexit red tape Retail data shows 0.4% month-on-month increase in August, with 0.6% rise in non-food https://www.theguardian.com/business/2021/sep/01/shop-prices-rise-driver-shortages-brexit-red-tape
  15. Lorry driver shortages forcing builders merchants to pick up orders from suppliers https://www.building.co.uk/news/lorry-driver-shortages-forcing-builders-merchants-to-pick-up-orders-from-suppliers/5113433.article
  16. For those not familiar with Mark Farmer ... Farmer Review of the UK Construction Labour Model There is still (just about) time to modernise rather than die https://www.building.co.uk/comment/there-is-still-just-about-time-to-modernise-rather-than-die/5113468.article Five years ago, my wake-up call to the industry was considered dramatic, but I fear I was not being bold enough. The industry’s underlying weaknesses are now more exposed than ever, says Mark Farmer
  17. Ian Young @ianjamesyoung70 · 9h PS: If you want to see the entire 85-page ATIP response, you can download it here. The preview is corrupted for some reason, but you still should be able to download the PDF (also, if anyone knows how to get that dodgy preview fixed lemme know) CRA ATIP RESPONSE This is the 85-page document provided by the Canada Revenue Agency on August 17, 2021, in response to an Access to Information and Privacy request lodged by the South China Morning Post on August 30,... scribd.com
  18. I posted on hpc thread here first , but thought it deserved its own thread.... Canada tax agency reveals secret study linking home prices to millionaire migration, five years after freedom-of-information request The 1996 study found rich migrants made more than 90 per cent of luxury purchases in two Vancouver municipalities while declaring refugee-level incomes A freedom-of-information expert said the study could have swayed the city’s notoriously unaffordable housing market, and delaying its release was a ‘tragedy’ https://www.scmp.com/news/china/diplomacy/article/3146957/canada-tax-agency-reveals-secret-study-linking-home-prices
  19. Canada tax agency reveals secret study linking home prices to millionaire migration, five years after freedom-of-information request The 1996 study found rich migrants made more than 90 per cent of luxury purchases in two Vancouver municipalities while declaring refugee-level incomes A freedom-of-information expert said the study could have swayed the city’s notoriously unaffordable housing market, and delaying its release was a ‘tragedy’ https://www.scmp.com/news/china/diplomacy/article/3146957/canada-tax-agency-reveals-secret-study-linking-home-prices
  20. THE WOLF STREET REPORT: Free Money and the Shortages https://wolfstreet.com/2021/08/29/the-wolf-street-report-free-money-and-the-shortages/
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