Numerous cities have taken steps to curb costs of other post-employment benefits (OPEB), but most cost-containment strategies will take years to provide substantial savings. And, where rising OPEB expenses are not addressed, they threaten to curtail other spending priorities.

US consumption will likely remain steady over the next quarter, while household leverage will stay contained. In the housing market, home price appreciation and sales have begun to slow, in large part reflecting declining affordability.

We believe the MAX program will ultimately overcome the near-term challenges it now faces as a result of the two accidents. The model's safety is rightly being questioned, but we do not anticipate wholesale cancellations of orders.

Cape Town’s new water strategy will allow it to mitigate the negative economic and fiscal pressure caused by last year’s severe water crisis, when the South African city came within days of its dam system running dry after three years of low rainfall.