Despite the slight improvement in affordability, owning a home was still too expensive for most households in 2024.
In 2013, Cobham and Sumner proposed an alternative to the Gini co-efficient: the Palma ratio. They named it after José Gabriel Palma, a Chilean economist. Palma noticed that in most countries, the ...
Since 1913, the city of Portland has utilized a commission system. In this form of municipal government, a city council, comprised of an elected mayor and a board of elected commissioners, serves as ...