An increase in the rent threshold at which apartments become
market - rate, indexed to rise each year, is a step forward, but it only
slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol
completely.
The US equity
markets were dancing up towards all - time highs but the underlying world economy seemed to be on a
completely different tack with Europe falling into recession, the US recovery seemingly stalling and China growth showing signs of
slowing.