New York City's mansion tax impacts housing cost

Manhattan sunset, seen in September from Arthur Ashe Stadium in Queens, home of the U.S. Open. Photo: TPN/Getty Images

The average price of a Manhattan co-op or condo fell to $1.8 million in the fourth quarter of 2019, according to Douglass Elliman, the largest real estate brokerage in the New York City area, the Financial Times reports.

Why it matters: "The Manhattan property drop is in sharp contrast to the rally on Wall Street, where stock markets have hit new records."

  • The price per square foot declined 6.1 per cent to $1,581.

What's happening: New York City's mansion tax, which took effect July 1, "levied a sliding scale of charges on apartments selling for more than $1m."

  • "Trump’s tax law limited the amount of state and local taxes households could deduct from their federal taxes."
  • That "has been blamed for spurring a flight by wealthy New Yorkers to Florida, which has no personal income tax."

Younger buyers still flooded into Brooklyn and Queens, and sought out studios and one-bedrooms in Manhattan, the FT added.

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Axios-NewsWhip 2020 attention tracker: Iran strike boosts Sanders' anti-war stature

Data: Newswhip; Chart: Axios Visuals

Bernie Sanders' response to the Trump administration's strike that killed Iranian general Qasem Soleimani generated far more attention than his 2020 Democratic rivals, according to data from NewsWhip provided exclusively to Axios.

Why it matters: The numbers point to Sanders' elevated stature as an anti-interventionist voice in the race — one that has been sharpened nationally going back to his campaign against Hillary Clinton in 2016.

Taiwan's president wins re-election in retort to Chinese efforts

Taiwan's President Tsai Ing-wen smiles as she leaves after casting her vote in the presidential election on January 11, 2020 in Taipei, Taiwan. Photo: Carl Court / Staff/Getty Images

Taiwanese voters re-elected President Tsai Ing-wen in the general election on Saturday, as opposition leader Han Kuo-yu conceded defeat and offered his congratulations, Bloomberg reports.

Why it matters per Axios' Bethany Allen-Ebrahimian: After offering voters a stark choice between a democracy with her or dictatorship with China, Tsai has won re-election in a stunning retort to Beijing — she received more votes than any candidate in Taiwan’s democratic history.

Iran says it mistakenly shot down Ukrainian passenger plane

Search and rescue workers at the site after a Boeing 737 plane belonging to a Ukrainian airline that crashed near Imam Khomeini Airport in Iran just after takeoff. Photo: Anadolu Agency/Getty Images

Iran announced in a statement on Saturday (local time) that its military mistakenly shot down a Ukrainian passenger jet that crashed on Wednesday, killing all passengers aboard, according to multiple reports.

What they're saying, per the Iranian military's statement: The Boeing 737 jetliner operated by Ukrainian International Airlines “took the flying posture and altitude of an enemy target” as it came close to an Iranian military base, and “under these circumstances, because of human error,” the plane “came under fire,” the New York Times writes.

Australia's deadly fires: What you need to know

The Australian flag flies under red skies from fires on Jan. 4 in Bruthen, Victoria. Photos: Darrian Traynor/Getty Images

Fires in two regions of Australia — Victoria and New South Wales — have conjoined and burned at least 1,976 acres, while more than 2 million acres have burned in Victoria's East Gippsland, Victorian Police and Emergency Services Minister Lisa Neville said Saturday morning. All times below are local.

The latest: Severe thunderstorms next week could result in flash floods, Neville warned on Saturday, per Australian site News.com.au. For now, rainy conditions have eased emergency warnings through Victoria and NSW but could cause dangerous conditions for firefighters.

Top 4 Democrats statistically neck and neck in Iowa presidential poll

Biden and Warren participate at the sixth Democratic primary debate. Photo: Frederic J. Brown/AFP via Getty Images

Sen. Bernie Sanders has gained momentum to become the first choice among likely Iowa caucus-goers three weeks before the nation's first presidential contest, while Sen. Elizabeth Warren and former South Bend Mayor Pete Buttigieg have slowed in the latest poll from The Des Moines Register, Mediacom and CNN.

Why it matters: But taking the margin of error into account, the poll shows the Vermont senator in a statistical dead heat with Warren, Buttigieg and former Vice President Joe Biden.

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Why it matters: Ito's proposed solution seems to have worked. Epstein took credit for millions of donations to the Media Lab from Bill Gates and Leon Black — and even after a four-month investigation by law firm Goodwin Procter, there have been no findings that anything was amiss with any of those donations.

Women outpace men on U.S. payrolls

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There are more women on American payrolls than men as of the latest U.S. jobs report.

Why it matters: The data reflects a hiring boom in industries that are female-dominated, while sectors that are more likely to employ men are lagging in job gains. The last time women overtook men in payrolls was “during a stretch between June 2009 and April 2010,” according to the Wall Street Journal, which first reported the milestone.

Republican governors reject Trump’s offer to ban refugees

Data: Axios compilation of news reports, press releases and public statements. Chart will be updated as states announce their decisions; Cartogram: Andrew Witherspoon/Axios

Texas Gov. Greg Abbott is the only Republican governor so far to stop accepting refugees following President Trump’s executive order that allows state and local governments to block refugee resettlements.

The big picture: While Republicans widely support Trump’s restrictive immigration policies, local and state officials in many states have been unwilling to push out those who have been forced from their homes and gone through stringent vetting processes required to become a U.S. refugee.

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