PARIS: Parisians voted in a referendum on Sunday to pedestrianize a further 500 of the city’s streets, giving fresh momentum to efforts by the French capital’s left-leaning town hall to curb car usage and improve air quality.
Some 65.96 percent of Parisians voted in favor of the measure, while 34.04 percent rejected it, official results showed. Only 4.06 percent of voters turned out in the consultation, which was organized by the municipality.
This was the third such referendum in Paris in as many years, following a 2023 vote that approved a ban on e-scooters, and a decision last year to triple parking charges for large SUVs.
The referendum will eliminate 10,000 more parking spots in Paris, adding to the 10,000 removed since 2020. The city’s two million residents will be consulted on which streets will become pedestrian areas.
Paris town hall data shows car traffic in the city has more than halved since the Socialists took power in the capital at the turn of the century.
The 500 additional streets to be pedestrianized will bring the total number of these so-called “green lungs” to nearly 700, just over one-tenth of the capital’s streets.
Despite recent changes, Paris lags other European capitals in terms of green infrastructure — which include private gardens, parks, tree-lined streets, water and wetlands — making up only 26 percent of the city area versus a European capitals average of 41 percent, according to the European Environment Agency.
Paris residents vote in favor of making 500 more streets pedestrian
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Paris residents vote in favor of making 500 more streets pedestrian
- The referendum will eliminate 10,000 more parking spots in Paris, adding to the 10,000 removed since 2020
- Last year, Parisians voted to triple parking charges for large SUVs. A 2023 vote approved a ban on e-scooters
Some Warren Buffett wisdom on his last day leading Berkshire Hathaway
OMAHA, Nebraska: The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s annual meetings.
Buffett’s last day as CEO is Wednesday after six decades of building up the Berkshire conglomerate. He’ll remain chairman, but Greg Abel will take over leadership.
Here’s a collection of some of Buffett’s most famous quotes from over the years:
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“Be fearful when others are greedy, and greedy when others are fearful.”
That’s how Buffett summed up his investing approach of buying out-of-favor stocks and companies when they were selling for less than he estimated they were worth.
He also urged investors to stick with industries they understand that fall within their “circle of competence” and offered this classic maxim: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
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“After they first obey all rules, I then want employees to ask themselves whether they are willing to have any contemplated act appear the next day on the front page of their local paper to be read by their spouses, children and friends with the reporting done by an informed and critical reporter.
“If they follow this test, they need not fear my other message to them: Lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless.”
That’s the ethical standard Buffett explained to a Congressional committee in 1991 that he would apply as he cleaned up the Wall Street investment firm Salomon Brothers. He has reiterated the newspaper test many times since over the years.
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“You only find out who is swimming naked when the tide goes out.”
Many companies might do well when times are good and the economy is growing, but Buffett told investors that a crisis always reveals whether businesses are making sound decisions.
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“Who you associate with is just enormously important. Don’t expect that you’ll make every decision right on that. But you are going to have your life progress in the general direction of the people you work with, that you admire, that become your friends.”
Buffett always told young people that they should try to hang out with people who they feel are better than them because that will help improve their lives. He said that’s especially true when choosing a spouse, which might be the most important decision in life.
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“Our unwavering conclusion: never bet against America.”
Buffett has always remained steadfast in his belief in the American capitalist system. He wrote in 2021 that “there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking.”
