by BoatSurfer600
‘Totally unsustainable’: Italian students protest over cost of housing
Mirko Giuggiolini, 19, gets up at 5am for the commute from his parents’ home in Ronciglione to Rome, an almost two-hour journey by bus, train and metro, to make it in time for his 8am lecture at Sapienza University. Then he repeats the journey home after his last lecture, which on some days finishes at 8pm.
But now the law student has had enough, and for the last few nights has been sleeping in a tent outside the university as part of a growing movement of students across Italy protesting against high rents.
“The commute is draining both financially and physically – I end up too tired to study and with no free time,” said Giuggiolini, a first-year law student. “But the rents in Rome are totally unsustainable.”
'Tighter credit conditions point to a deterioration in retail sales going forward.' t.co/0xaZkp2pFy via @SoberLook pic.twitter.com/a1zcRl5uEm
— Jesse Felder (@jessefelder) May 17, 2023
US commercial real estate prices fell in the first quarter for the first time in more than a decade: Moody’s Analytics t.co/UblyUVEiKI
— Lisa Abramowicz (@lisaabramowicz1) May 18, 2023
San Francisco fire sale: downtown high rise selling at a 73% discount
t.co/SO66Xm3bee— Win Smart, CFA (@WinfieldSmart) May 17, 2023
This is noteworthy:
Consumer discretionary companies just reported a 40% contraction in earnings relative to the same quarter a year ago.
These businesses are currently facing significant margin pressures and are yet to experience the full impact of consumer weaknesses.
While… pic.twitter.com/ku008hFkg8
— Otavio (Tavi) Costa (@TaviCosta) May 18, 2023
"How much is too much? You're sitting at an almost $32 trillion debt. Your debt is now larger than your economy," Speaker McCarthy has said. "We cannot ignore this problem. We have to put a trajectory that we're actually curbing the spending level." pic.twitter.com/57OYcFzSRk
— unusual_whales (@unusual_whales) May 18, 2023
If you have to ask…try asking a banker for a loan. Banks in second largest state economy are at 2020 levels & expected to keep dropping. If you prefer, the bankers I speak to say most types of lending (government-backstopped/subsidized the exceptions) has frozen.@apollographql t.co/HiDoGut7iH pic.twitter.com/x7CpNcBTzq
— Danielle DiMartino Booth (@DiMartinoBooth) May 17, 2023
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