Illustration: Aïda Amer/Axios
Illustration: Aïda Amer/Axios
Malls are becoming ghosts of retail past. But the left-behind real estate is being reimagined for a post-pandemic world.
Why it matters: As many as 17% of malls in the U.S. "may no longer be viable as shopping centers and need to be redeveloped into other uses," per Barclays.
Photo: Chip Somodevilla/Getty Images
The White House on Friday afternoon said President Biden plans to lift the Trump-era refugee cap by May 15.
Driving the news: The announcement follows stinging criticism from several Democrats and rights groups, who said Biden was walking back on his pledge to raise the limit. Earlier Friday, Biden signed a directive to speed up the processing of refugees, but kept the Trump administration's historically low cap of 15,000 refugees for this year.
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