About 108,000 millionaires migrated across borders last year, a 14 percent increase from the prior year, and more than double the level in 2013, according to Johannesburg-based New World Wealth. Australia, U.S. and Canada are the top destinations, according to the research firm, while China and Russia are the biggest losers. The U.K. saw around 3,000 millionaires depart last year with Brexit and taxation cited as possible reasons. https://apple.news/Aln5ABDJ1RXyPr-yVyf3qjw
THIS WEEK, AMID devastating flooding, Indonesia announced it's planning to move its capital out of Jakarta, which really is nothing new—the country’s first president was talking about it way back in 1957. Part of the problem is extreme congestion, but today the city of more than 10 million is facing nothing short of obliteration by rising seas and sinking land, two opposing yet complementary forces of doom. Models predict that by 2050, 95 percent of North Jakarta could be submerged. And Jakarta is far from alone—cities the world over are drowning and sinking, and there’s very little we can do about it short of stopping climate change entirely.