Crypto News: How Mexico City averted all-out drought

Earlier this year, the Valley of Mexico experienced the worst drought in more than a decade, sparking fears about a collapse of the water system that would leave Mexico City completely dry. Key sources of water were drained, residents were told to recycle and reduce their water consumption, and some of the available water was contaminated.

What helped save 22 million residents was a combination of perfectly timed rainfall and urgent pressure from residents and local media around election season, reports Maya Averbuch. But water infrastructure remains an urgent concern and the attention helped propel it as a priority policy issue.

This is one of several stories we're publishing about Mexico City (in English and Spanish) during the Bloomberg CityLab conference there this week, which will be available via livestream starting tomorrow at 11 a.m. Eastern Time on CityLab.com. Today on CityLab: How Mexico City Averted All-Out Drought

— Maria Clara Cobo

Dubai's Allure to Expats Is Weighing on City's Infrastructure
Emirate has attracted about 400,000 people since the pandemic, which has boosted rents and home values, and put pressure on schools.

The Master Plan That Shaped Pakistan's Capital Is No Longer Working
The blueprint has long struggled to address Islamabad's unruly growth, and after six decades experts say it is due for a revamp.

How the 'Hurricane Insurance' That Helps Florida Fails the Poorest Countries
Catastrophe bonds sound like a clever climate solution, but they can leave vulnerable nations out of luck when disaster strikes.

Inside the car hijacking crisis (The Atlantic)
The fate of thousands of US dams hangs in the balance, leaving rural communities with hard choices (Grist)
Amid a water crisis, England asks: Who should be in charge? (New York Times)
In the Netherlands, we're closing our emptying prisons. What can other countries learn from how we did it? (Guardian)
Harris and Vance have found a new culprit for the housing crisis: Corporate America (Politico)

Have something to share? Email us. And if you haven't yet signed up for this newsletter, please do so here.

Economics Daily for what the changing landscape means for policymakers, investors and you
Green Daily for the latest in climate news, zero-emission tech and green finance
Hyperdrive for expert insight into the future of cars
Design Edition for CityLab's newsletter on design and architecture — and the people who make buildings happen
Work Shift for exclusive insight and data on the future of work

Explore all Bloomberg newsletters at Bloomberg.com.