WSJ What’s News Ford Pulls Back From EV Plans After $19.5 Billion Hit
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Dec 15, 2025 
Rebecca Picciotto, a housing policy journalist for The Wall Street Journal, dives into the contrasting housing strategies of Minneapolis and St. Paul. She explains how St. Paul's 2022 rent control measures backfired, stalling development. In contrast, Minneapolis has seen a growth surge by easing zoning laws, attracting new renters. Additionally, Picciotto discusses Ford's staggering $19.5 billion withdrawal from EV plans and its pivot toward hybrids, revealing the impact on the market and industry.
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Reiner Family Tragedy And Arrest
- Rob Reiner and Michelle Singer Reiner were found dead and their son Nick Reiner was arrested on suspicion of murder.
- The case prompted wide reactions from celebrities and politicians, and details of Nick Reiner's struggles were mentioned.
Rent Control Halted Development In St. Paul
- St. Paul enacted strict rent control in 2022 and saw a sharp decline in building permits and developer interest.
- The city is now rolling parts of its rent-control policy back after projects stalled and financing pulled back.
Zoning Changes Sparked A Building Boom In Minneapolis
- Minneapolis relaxed zoning to allow more housing and saw a fourfold increase in building permits in early 2022.
- New construction skewed toward high-end apartments, benefiting supply but not necessarily lower-income renters.