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Shaun Lavelle

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Photo of someone walking by houses in Toronto
Economy

Why More Countries Are Banning Foreigners From Buying Real Estate

Canada has become the most recent country to impose restrictions on non-residents buying real estate, arguing that wealthy investors from other countries are pricing out would-be local homeowners. But is singling out foreigners the best way to face a troubled housing market?

PARIS — It’s easy to forget that soon after the outbreak of COVID-19, many real estate experts were forecasting that housing prices could face a once-in-generation drop. The logic was that a shrinking pandemic economy would combine with people moving out of cities to push costs down in a lasting way.

Ultimately, in most places, the opposite has happened. Home prices in the U.S., Canada, Britain, Germany, Australia and New Zealand rose between 25% and 50% since the outbreak of COVID-19.

This explosion was driven by a number of factors, including low interest rates, supply chain issues in construction and shortages in available properties caused in part by investors buying up large swathes of housing stock.

Yet some see another culprit deserving of particular attention: foreign buyers.

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A colorful LGBTQ protest taking place in Thailand, many people are gathered wearing colorful clothes and waving flags
LGBTQ Plus

LGBTQ+ International: U.S. Protects Same-Sex Marriage, Thailand’s Second Pride — And Other News

Welcome to our new exclusive weekly round up of LGBTQ+ news from around the world.

Welcome to Worldcrunch’s LGBTQ+ International. We bring you up-to-speed each week on a topic you may follow closely at home, but can now see from different places and perspectives around the world. Discover the latest news on everything LGBTQ+ — from all corners of the planet. All in one smooth scroll!

This week featuring:

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Massive New 600 Billion Euro Estimate Of War Damage, EU Says Russia Will Pay
In The News

Massive New 600 Billion Euro Estimate Of War Damage, EU Says Russia Will Pay

The European Union is committed to setting up a special court with the backing of the UN to investigate and prosecute Russian war crimes in Ukraine, and force Russia and its oligarchs to pay the growing pricetag for the destruction of the country.

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European Commission President Ursula von der Leyen promised in a video statement that “Russia’s horrific crimes will not go unpunished.” She said that it was estimated so far that 20,000 Ukrainian civilians and 100,000 Ukrainian military officers had been killed so far.

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Zelensky Says "No Schism," Trying To Keep West United At Key Juncture
In The News

Zelensky Says "No Schism," Trying To Keep West United At Key Juncture

Fears of European discord over energy prices, as Ukraine is facing what the UN calls "appalling conditions of life" amid Russia's onslaught timed with the arrival of winter.

Ukrainian President Volodymr Zelensky declared Friday that Europe remains unified in its support for Ukraine in the face of Russian aggression. In a virtual address to “The Idea of Europe” conference in Lithuania, Zelensky said “There is no split. There is no schism among Europeans. We have to preserve this so this is our mission number one this year.”

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Zelensky made the case that both Europe and Ukraine are suffering from Russia’s military aggression and manipulation of energy markets.

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Photo of participants at the The 15th edition of the Santiago Parade, March for Equality
LGBTQ Plus

LGBTQ+ International: World Cup Armband Mess, Russian Bans, Santiago Pride

Welcome to our new exclusive weekly round up of LGBTQ+ news from around the world.

Welcome to Worldcrunch’s LGBTQ+ International. We bring you up-to-speed each week on a topic you may follow closely at home, but can now see from different places and perspectives around the world. Discover the latest news on everything LGBTQ+ — from all corners of the planet. All in one smooth scroll!

This week featuring:

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Macron Calls Putin’s Airstrikes On Civilian Infrastructure A War Crime
In The News

Macron Calls Putin’s Airstrikes On Civilian Infrastructure A War Crime

The French President leads a growing chorus of outrage against Russia, including the strongest condemnation to date from Pope Francis.

French President Emmanuel Macron on Thursday led a rising chorus of outrage after unprecedented Russian air attacks on civilian infrastructure targets, which left up to 75% of Kyiv residents without power and water, and killed 10 people across Ukraine.

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“Strikes against civilian infrastructures are war crimes and cannot go unpunished,” Macron said.

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War In Ukraine, Day 265: NATO Escalation Averted After Poland Confirms Missile Strike Was Accident
In The News

War In Ukraine, Day 265: NATO Escalation Averted After Poland Confirms Missile Strike Was Accident

Warsaw saysthat the missile that hit Poland was probably a Ukrainian air defense missile that went astray. The Russian-made missile fell on thePolish village of Przewodów, near the border with Ukraine, killing two people late Tuesday.

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Even though the missile was made in Russia,initial US assessments indicated that it had originated in Ukraine.

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Photo of participants flying a rainbow flag at the Buenos Aires Pride on Nov. 5
LGBTQ Plus

LGBTQ+ International: World Cup Pressure, Buenos Aires Pride — And The Week’s Other Top News

Welcome to Worldcrunch’s LGBTQ+ International. We bring you up-to-speed each week on a topic you may follow closely at home, but can now see from different places and perspectives around the world. Discover the latest news on everything LGBTQ+ — from all corners of the planet. All in one smooth scroll!

This week featuring:

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Brittney Griner’s Whereabouts Unknown
In The News

Brittney Griner’s Whereabouts Unknown

Representatives for U.S. basketball star Brittney Griner, detained in Russia since February, have confirmed they do not know her current whereabouts. This comes after her attorneys said the courts had ordered her transferred to a Russian penal colony on Wednesday.

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“Our primary concern continues to be Brittney Griner’s health and well-being,” the WNBA player’s agent Lindsay Colas said in a statement. “As we work through this very difficult phase of not knowing exactly where she is or how she is doing, we ask for the public’s support in continuing to write letters and express their love and care for her.”

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U.S. Warns About Putin’s Dangerous Doublespeak On Nuclear Threat
In The News

U.S. Warns About Putin’s Dangerous Doublespeak On Nuclear Threat

Vladimir Putin told the world yesterday "don't worry" about a nuclear attack, even as he's setting up a scenario that makes it more likely.

Vladimir Putin used his wide-ranging foreign policy speech Thursday to strike an overall threatening tone toward Ukraine and its Western partners, including a warning that the coming decade would be the “most dangerous and unpredictable” since World War II.

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Putin did, however, try to allay one specific fear: that he might choose to use nuclear arms in the war in Ukraine. Putin said Russia “had never talked about using nuclear weapons" and that using them “made no political or military sense.”

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photo of protests holding a banner to stop fossil fuel
Green

Why The Netherlands' Exit From An Obscure Energy Treaty Is Such Big News For The Climate

The little-known Energy Charter Treaty protects oil and gas firms from regulation that harms their interests. The Dutch government has pulled out, and now the rest of Europe may follow.

AMSTERDAM — For many, the big climate story of the week was the two young activists who tossed tomato soup on a Van Gogh painting in London. But the real story with lasting impact was unfolding in the Netherlands, which announced on Tuesday that it intends to withdraw from the “Energy Charter Treaty” (ECT).

Environment policy experts say the Dutch exit — with Spain and Poland poised to leave — could set in motion the complete collapse of this little-known pact.

Climate activists were jubilant. Dutch politician Christine Teunissen of the Party of the Animals described it as a “huge win”. Just last week, Greta Thunberg announced that five young victims of the climate crisis were taking action against the ECT at Europe’s top human rights court.

But outside climate circles, few had even heard of a treaty that brought risks of leaving governments open to billion-dollar lawsuits by fossil fuel companies.

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Russia Evacuates Kherson — What It Says About Kyiv's Counteroffensive
In The News

Russia Evacuates Kherson — What It Says About Kyiv's Counteroffensive

The southern city, which fell to Moscow's forces in the first days of the war, could become the clearest symbol of the success of Ukraine's autumn drive to retake territory.

"Dear residents! Ukrainian army will be shelling residential areas…" Such read the message early Wednesday from Kirill Stremousov, deputy head of the Russian occupation administration of the Kherson region, calling for the evacuation of up to 60,000 people.

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Stremousov’s evacuation orders is an acknowledgement of the ongoing loss of territory of pro-Russian forces in the southern region, following a similar announcement Tuesday by the new commander of Russian troops in Ukraine, General Sergey Surovikin, who warned that Kyiv was taking aim at the region’s nearby hydroelectric power plant.

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