Checks and Balance: A yard act to follow
Economist Podcasts
The Economist
4.4 • 4.9K Ratings
🗓️ 6 October 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
America doesn’t have enough homes. The “yes in my backyard”, or YIMBY, movement believes that making it easier to build is the best solution. To what extent would building more help solve America’s housing problem?
John Prideaux hosts with Charlotte Howard and Daniel Knowles. They’re joined by YIMBY activist Sonja Trauss and law professor Michael Allan Wolf. The Economist’s Stevie Hertz reports from New York.
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Transcript
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| 0:00.0 | When it comes to investing, there's do, and then there's do more. |
| 0:04.9 | That's why at BlackRock, we've built MyMap, a simple multi-acid range that makes investing |
| 0:09.8 | easier and does more for your money. |
| 0:12.3 | Choose from a range of ready-made, actively managed and sustainable funds, each providing |
| 0:16.7 | more diversification than a single asset, and designed with different risk levels in mind, |
| 0:22.1 | so you choose the best option for you. |
| 0:24.8 | Search BlackRock MyMap now to do more. |
| 0:28.0 | Capital at risk, the value of investments and the income from them can fall as well as |
| 0:31.5 | rise and are not guaranteed. |
| 0:33.6 | Investors may not get back the amount originally invested, diversification and asset allocation |
| 0:37.7 | may not fully protect you from market risk. |
| 0:45.4 | It was on page 23 of the Daily Press, a local Virginia newspaper, in between an article |
| 0:51.2 | about unwanted dogs and an advert for a furniture shop. |
| 0:56.0 | National regulations needed, read the headline, followed by five short paragraphs reporting |
| 1:00.8 | from a meeting of health physicists about how to dispose of radioactive waste. |
| 1:06.7 | The piece ends with a prescription. |
| 1:09.2 | Agency's need to be better coordinated, it reads, and the NIMBY, not in my backyard, syndrome |
| 1:15.6 | must be eliminated. |
| 1:18.2 | The article from February 13, 1979 is, according to the Oxford English Dictionary, the earliest |
| 1:24.2 | known use of the acronym NIMBY. |
| 1:26.8 | It entered common parlance in the late 70s and 80s, often alluding to environmentalists. |
| 1:32.6 | Since then, NIMBY has expanded to encompass those who don't want any kind of development |
... |
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