Painting dead lawns green, and making tax havens less lucrative
Good day for going green, Bad day for the Cayman Islands
GOOD DAY FOR: Going green, after the Southern California town of Perris hired a company to paint dead lawns green for its more than 1,100 foreclosed homes. The town decided that hiring David Milligan’s grass-painting outfit was a more cost-effective way to spruce up the for-sale homes than watering the lawns. “Get it green, get it sold, and move on,” said Perris Mayor Mark Yarbrough. (Los Angeles Times)
BAD DAY FOR: The Cayman Islands, as President Obama is unveiling new rules to crack down on it tax havens. The Cayman Islands is one of several coutries that U.S.-based companies were planning to stash money in to save $190 billion over the next decade. The proposed changes are “bad stuff,” said Kenneth Kies, a tax lobbyist who works for many of those companies. (Bloomberg)
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
July 8 editorial cartoons
Cartoons Tuesday's political cartoons include a Trump disappearing act, trade talk uncertainty, and Elon Musk's many injuries
-
Entente cordiale: will state visit help UK-French relations get over Brexit?
Today's Big Question The King, a keen Francophile who has a warm relationship with Emmanuel Macron, will play a key role in state visit
-
Israel's plan for confining all Palestinians in 'humanitarian city'
The Explainer Defence minister wants to establish zone in Gaza for displaced people – which they would not be allowed to leave – prompting accusations of war crimes