Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul

Key Points

Gentrification occurs when an area experiences a rapid rise in residents’ average incomes and rents. The typical outcome: The white population increases, and people of color are priced out.
Climate change is accelerating this dynamic in some parts of the U.S., a trend known as “climate gentrification.”
In Miami neighborhoods such as Allapattah, Liberty City, Little Haiti, Overtown and West Grove, longtime residents fear what comes next.

Source

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Key Points Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run. From 1964 to 2024, Berkshire delivered a compounded annual gain of 19.9%, nearly double the S&P 500’s 10.4%. As Buffett relinquishes the helm, investors are increasingly focused on what disappears with him. Source

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