A building for billionaires
Twenty-two billionaires—just under 2 percent of the world’s total—have bought apartments at a 60-story condominium being built in Sunny Isles Beach near Miami. The Porsche Design Tower has three car elevators that take residents and their vehicles directly to units with adjacent glass garages.
TheAtlantic.com
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Latest Videos FromThe Week
Gender wage gap shrinks
According to new data from Pew Research, the wage gap for American women under 32 has shrunk to 7 percent. But among all ages, women make 16 percent less than men, and Millennial-age women are just “as pessimistic as their mothers and grandmothers regarding gender equality.”
Associated Press
Sales of diet soda drop
America is falling out of love with diet soda. The sales of low- and zero-calorie soda have fallen 6.8 percent in the past year, compared with a 2.2 percent drop in the sales of regular soda. Experts say consumers are worried about possible health risks from artificial sweeteners.
The Wall Street Journal
Government aid makes a difference
After accounting for government aid such as food stamps, researchers from Columbia University have found that the share of poor people in the U.S. has dropped from 26 percent in 1967 to just 16 percent in 2012.
NewYorker.com
Chinese purchase U.S. property
Chinese buyers purchased more than $8 billion in U.S. real estate in 2012. According to Juwai.com, a website where Chinese buyers browse global real estate listings, New York City and Los Angeles are the most popular investment destinations, followed by Philadelphia and Detroit.
CNN.com
