“Be sure to go to all your friends’ funerals or they won’t go to yours.”
Please Sign-Up for Updates
Please Follow Me On:
Buffett’s brand is progressive, and Democrats love to bask in his endorsements. The reality is very different
In the America of haves and have-nots, fewer folks are “movin’ on up” like George Jefferson of the classic sitcom. In a new paper for the Institute for New Economic Thinking, Peter Temin, MIT economist and economic historian, breaks down how it happened and where we’re headed with a powerful model first used by West Indian economist W. Arthur Lewis, the only person of African descent to win a Nobel Prize in economics. Dual economies are common in less developed countries, but Temin argues that America has now diverged into a top thirty percent, where children receive excellent educations and grow up to work in sectors like finance, technology and electronics industries (FTE)— and then there’s the rest, the low-wage folks who live paycheck to paycheck and whose kids have little hope of joining the lucky ones at the top. Temin explains what drives the dual economy, what race has to do with it, how children are hurt, and why our political system can’t seem to fix anything.
Source: How Economics and Race Drive America’s Great Divide | Institute for New Economic Thinking
This bridge across the moat of a historic Dutch fort leads visitors below the water’s surface without getting them wet.
Source: Sunken Bridge by RO&AD
Dutch studio RO&AD has designed a floating wooden bridge enabling visitors to cross a moat surrounding an eighteenth century fortress in Bergen op Zoom.
Timely article given recent article in NY Times (An S.E.C. Settlement With Citigroup That Fails to Name Names) wherein Citi agrees to pay a $180 million settlement plus $726 million in investor compensation and yet the SEC not only doesn’t hold any individual responsible – it doesn’t even name them. Talk about moral hazard.
The sentencing of the trader Tom Hayes for his part in the Libor scandal caused many a sharp intake of breath on London’s Canary Wharf.…
Housing tax breaks for the rich are worth more than housing subsidies for the poor.
Finally someone gets it. Borrow when rates and debt are low to invest in future growth – duh! Just ask any CEO or anyone for that matter – except politicians and knee-jerk anti-government types (unless they’re the beneficiaries of course.
Liberal Leader Justin Trudeau says a Liberal government won’t balance the books for another three years, but will double spending on infrastructure to jump-start economic growth.
In Toronto, researchers recently found that people living on tree-lined streets reported health benefits equivalent to being seven years younger or receiving a $10,000 salary rise. As well as studies revealing benefits from everything from improved mental health to reduced asthma, US scientists have even identified a correlation between an increase in tree-canopy cover and fewer low-weight births. And economic studies show what any estate agent swears by: leafy streets sell houses. Street trees in Portland, Oregon, yielded an increase in house prices of $1.35bn, potentially increasing annual property tax revenues by $15.3m.
The EU Open Data Portal provides, via a metadata catalogue, a single point of access to data of the EU institutions, agencies and bodies for anyone to reuse.
Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all.
John Maynard Keynes
James McCarthy has 30+ years in finance and private equity, corporate structuring and work-outs, and raising debt and equity as an investor, lender, investment manager, portfolio manager, financial advisor, corporate consultant, work-out consultant, and city planner. Clients have included domestic and offshore institutional investors, investment funds, hedge funds, high net worth investors, and private companies. I hold an MBA from Columbia University and a Master of City & Regional Planning from Rutgers University.
Special interests include green and sustainable design, resilience, passive energy design, waterfront, walkability, transit-oriented design, affordable housing, high-quality and innovative architecture and construction technology, mixed-use development, and the inclusion of public spaces and landscape architecture.