FT News Briefing The housing supply problem: Part 3
Jun 8, 2023
The U.S. is enhancing military cooperation with Taiwan and Japan, sharing real-time drone data amid rising tensions. In India, a recent train disaster raises serious concerns about railway safety despite significant investments. Meanwhile, in Baltimore, an innovative architect-developer duo is breathing new life into an old office building by converting it into residential apartments. This creative solution aims to tackle the housing shortage while preserving the city's historic charm. Will these efforts effectively address urban challenges?
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US-Taiwan Military Cooperation
- The US is increasing military cooperation with Taiwan through drone technology.
- A planned data-sharing agreement between the US, Taiwan, and Japan might escalate tensions with China.
India's Rail Disaster
- India's deadliest train crash in decades occurred despite significant investments in the railway system.
- Critics argue that the focus has been on expansion rather than crucial safety measures and maintenance.
Fidelity Building Conversion
- In Baltimore, two Patricks are converting the historic Fidelity building into apartments.
- This project aims to address the housing shortage and revitalize the downtown area.