Skip to content
Search

Latest Stories

Hard Numbers

HARD NUMBERS: Spain jacks taxes for foreigners, North Korea blasts off again, Haitian displacements soar, Red Note noted by TikTok users

A housing activist holds a sign outside a building whose residents fear they will be evicted after its purchase by a real estate investment fund, in the neighborhood of Lavapies, in Madrid, Spain, on Dec. 14, 2024. The sign reads, "My motherland is my neighborhood."

A housing activist holds a sign outside a building whose residents fear they will be evicted after its purchase by a real estate investment fund, in the neighborhood of Lavapies, in Madrid, Spain, on Dec. 14, 2024. The sign reads, "My motherland is my neighborhood."

REUTERS/Susana Vera/File Photo
Make us preferred on Google
100: Thinking of buying a place in Spain? If you’re a foreigner, it could cost you dearly. The government has proposed a 100% tax on non-resident property purchases, up from today’s 6-10%. The measure is meant to address a growing housing crisis in a country where nearly 30,000 extranjeros bought houses last year – not to live in, says Prime Minister Pedro Sanchez, but “to make money” by renting them as holiday homes.

2: The new year is off to an explosive start in North Korea, where the regime has already conducted its second large-scale missile test of 2025, firing a barrage of short-range ballistic weapons into the sea between the Korean Peninsula and Japan. Last week, Pyongyang let fly a hypersonic medium-range missile, after spending much of 2024 testing missiles of all kinds. Over the past year, Supreme Leader Kim Jong-un has severely hardened his policy toward the US, South Korea, and Japan, which he accused of forming a bloc of “aggression.”

1, 041,000 million: The number of Haitians displaced by gang violence has tripled over the past year, reaching at least 1,041,000 people, according to a new UN assessment. The forced return of about 200,000 Haitians from the neighboring Dominican Republic had made the problem even worse. Last week, Guatemala was the latest country to join a Kenyan-led international mission in Haiti that is struggling to quash the powerful gangs that control much of the capital, Port-au-Prince.

300 million: With just days before TikTok’s ban in the US is set to go into effect, thousands of the popular app’s users are reportedly flocking – in both irony and protest – to another Chinese-owned video platform called Xiaohongshu, or “little red book,” which English speakers simply call “Red Note.” The app has 300 million users already and is mostly in Chinese, meaning most of the new users have to use translation tools to navigate it.

More For You

Don’t worry, renminbi happy
Natalie Johnson
Previously, the volume hadn’t topped $117 billion monthly, but analysts say the Iran war has stoked the use of China’s currency by oil exporters like Russia and Iran, who are seeking to avoid US sanctions. While the trend does reflect a slight erosion of the dollar’s international dominance, something we’ve been keeping our eye on, it’s worth [...]
Trump creates fund for wronged allies
Will Fitzpatrick
Acting Attorney General Todd Blanche (whom President Donald Trump hired) will appoint a five-person panel to administer the money to people who claim that they suffered “lawfare” at the hands of the government. The fund could be used to write checks to those who attacked the Capitol on Jan. 6, 2021, or other allies of Trump, who himself has [...]
Deadly mosque attack in San Diego
Will Fitzpatrick
The two gunmen, who took their own lives after the shooting, killed three men outside the Islamic Center of San Diego. Law enforcement was already on the hunt for one of the suspects: his mother had called the police earlier in the day saying he had stolen her guns and car. Soon after, police received a call about an active shooter – and [...]
Another Trump impeacher bites the dust
Zac Weisz
The number increased by one on Saturday after Sen. Bill Cassidy lost his reelection primary in Louisiana to Rep. Julia Letlow. The previous four had retired, albeit under pressure from Trump. Sens. Susan Collins of Maine and Lisa Murkowski of Alaska are now the only two GOP senators left who voted to impeach Trump. Just two of the 10 House [...]