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Monday, January 16, 2012

London’s Super Rich Send Real Estate Prices Through The Roof

A woman walks past a real estate agent's window in west London. (AP)

Around the world, inequality is growing and the rich are getting richer. And they have a very special problem: where to find a safe haven for all of that money.

Many have been choosing to invest in prime real estate.

A recent story in the online journal, Russia Today, reported that a Russian billionaire spent $88 million for a 4-bedroom apartment on Central Park West in New York City.

In Miami Beach, the owner of the Russian Standard Bank and Russian Standard Vodka paid $25 million for an estate–the most expensive home purchase in the city since 2006.

The same thing is happening in London — and this has sent property prices soaring. The BBC’s Michael Robinson finds out – that’s proving to be a problem for other Londoners.

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Experts share a range of perspectives on how to combat the Islamic State militant group, and the role the U.S. should play.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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Sam Sifton’s Tips For A Happy, Delicious Thanksgiving For All

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James Taylor Is ‘Gobsmacked’ By Medal Of Freedom Honor

The five-time Grammy winner looks back on his career, ahead of receiving the country's highest civilian honor.

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How To Travel While Black During Jim Crow

A postal worker created a guide for black travelers that was published almost every year from 1936 to 1966.