"January 28, 2025" Archives

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The LA wildfires are a reminder of the cost burden of reconstruction

Catastrophic weather events in the U.S. are reshaping insurance premiums and real estate markets, which will inevitably drive up costs and worsen affordability. Notably, hailstorms, the devastating wildfires in California and hurricanes in the Gulf Coast are reminders of the cost burdens associated with housing reconstruction and risk. And just last week, a historic and…

Scott Bessent confirmed as Treasury secretary

On Monday, the Senate voted to confirm Scott Bessent as President Trump’s pick to lead the U.S. Department of the Treasury. Bessent now takes on the tasks of helping to develop the new administration’s tax policies; enacting tariffs on Mexico, Canada and China; and constructing the administration’s first budget. Bessent, the founder of hedge fund…

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