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“Please give me some good advice in your next letter. I promise not to follow it.”

— Edna St. Vincent Millay

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Who Are The True Builders?

You look in your history-books to see who built Westminster Abbey, who built St Sophia at Constantinople, and they tell you Henry Ill, Justinian the Emperor. Did they? Or, rather, men like you and me, handicraftsmen, who have left no names behind them, nothing but their work?

William Morris, “The Lesser Arts” (1878) quoted in “VISTA – the culture and politics of gardens”

Bank of America confirms Dublin as location for EU hub

Even if the UK reverses and doesn’t Brexit, the genie is out of the bottle. While London may survive as Europe’s premier financial center in a no-Brexit scenario, it will be by a smaller margin and with more competition.
Frankfurt and Dublin will be more important as financial centers with or without Brexit. Paris will gain – especially as high-speed transportation links advance. Just as Wall Street now stretches coast-to-coast, the European financial industry will spread across Europe. And don’t forget, non-financial institutions are also important and also relocating. For a country with strict gun control, the Tories-led UK has amazingly managed to shoot itself in one foot with no-Brexit and both feet with Brexit.

Wall Street giant Bank of America Merrill Lynch has picked Dublin as the preferred location of its EU hub, joining a growing number of international financial groups to outline initial plans for how they plan to deal with the fallout from Brexit.

Speaking to The Irish Times in Dublin on Friday, group chief executive Brian Moynihan said this will result in the bank’s existing Irish subsidiary merging with its current most important EU banking unit, based in London.

It will also involve the group setting up an EU trading operation, or broker-dealer, in the Republic, which will require separate Central Bank approval, he said.

 

Source: Bank of America confirms Dublin as location for EU hub

Opening day for Detroit’s QLINE M-1 rail – National Resources & Technical Assistance For Transit-Oriented Development

 

The QLINE M-1 light rail line is scheduled to finally open in Detroit this weekend, with a full weekend of festivities to celebrate. The line will permanently connect several major destinations in greater downtown Detroit, and improve access to jobs and services for thousands of residents along the corridor. The project has already catalyzed more than $1 billion in real estate investment along the corridor. All told, the economic impact of transit-oriented development is expected to top $3.5 billion with

Source: Opening day for Detroit’s QLINE M-1 rail – National Resources & Technical Assistance For Transit-Oriented Development

Putting America’s ridiculously large $18T economy into perspective by comparing US state GDPs to entire countries – AEI | Carpe Diem Blog » AEIdeas

 

It’s pretty amazing how ridiculously large the US economy is, and the map above helps put America’s GDP of $18 trillion in 2015 into perspective by comparing the GDP of US states to other country’s entire national GDP. For example: 1. America’s largest state economy is California, which produced $2.46 trillion of economic output in 2015, just slightly above the GDP of France during the same period of $2.42 trillion. Consider this: California has a workforce of about 19 million compared to an employment ….

Source: Putting America’s ridiculously large $18T economy into perspective by comparing US state GDPs to entire countries – AEI | Carpe Diem Blog » AEIdeas

How Donald Trump Could Build an Autocracy in the U.S. – The Atlantic

Frankly frightening.

Those citizens who fantasize about defying tyranny from within fortified compounds have never understood how liberty is actually threatened in a modern bureaucratic state: not by diktat and violence, but by the slow, demoralizing process of corruption and deceit. And the way that liberty must be defended is not with amateur firearms, but with an unwearying insistence upon the honesty, integrity, and professionalism of American institutions and those who lead them. We are living through the most dangerous ch

Source: How Donald Trump Could Build an Autocracy in the U.S. – The Atlantic

How One of the World’s Densest Cities Has Gone Green

Picture of SuperTrees at Gardens by the Bay

Symbol of Singapore, these “Supertrees” belong to a display at the 250-acre Gardens by the Bay. The high-tech structures range from 80 to 160 feet and collect solar energy to power a nightly light show. They have a softer side too: their trunks are vertical gardens, laced with more than 150,000 living plants.

Source: How One of the World’s Densest Cities Has Gone Green

New York’s L Train Closure Effects on Transit, Mapped – CityLab

A useful tool not just for L-Train Hell but understanding commute times from various locations in the City and hopefully additional cities.

Endless train delays and calcifying surface traffic have lately painted the New York City transit experience a deep shade of red. Soon, commuters will unlock a fresh level of hell when the tunnel housing the L train closes for 18 months to address Hurricane Sandy damage. Starting as early as 2019, the shutdown of the tunnel—and all L train stations west of Bedford Avenue in Brooklyn—will directly impact the 250,000 riders who shuttle between Brooklyn and downtown Manhattan every day.

The map isn’t only great for arguing about whose commute is about to suck the most. You can also debate how travel options compare, for better and for worse, as they presently are. Dropping a single pinpoint onto the map reveals, in shaded color, relative access by train and bus from that location to everywhere else in the city. Bed-Stuy is a transit-friendly place to live, with lots of places easily accessible:

Source: New York’s L Train Closure Effects on Transit, Mapped – CityLab

China smashes solar energy records, as coal use and CO2 emissions fall once again

In one sector after another, the US is falling behind. The US isn’t losing its global leadership, its walking away.

We are witnessing a historic passing of the baton of global leadership on technology and climate from the United States to China. The new U.S. administration has said it will abandon climate action, gut clean energy funding, and embrace coal and oil — the dirty energy sources of the past that experts say can’t create a large number of sustainable new jobs. At the same time, China is slashing coal use and betting heavily on clean energy, which is clearly going to be the biggest new source of permanent hig

Source: China smashes solar energy records, as coal use and CO2 emissions fall once again

Designing History: 7 Modern Museums in Portugal – Architizer

 

Although many Portuguese towns and cities are characterized by well-preserved, historic architecture, some contemporary architects are using modern ideas to advance this traditional language of design. At the same time, Portuguese designers are careful to maintain and honor the legacy of artists and architects who came before them. Museums in particular play a key role in these preservation efforts by containing and exhibiting this history, but just as importantly, by embodying it, and becoming a modern interpretation of the very traditions it investigates. It is not enough for a building to display important cultural histories and artifacts if the museum’s design is not sensitive to this program. This is especially important when a nation’s architecture and urban planning are themselves of great historical significance.

 

Source: Designing History: 7 Modern Museums in Portugal – Architizer

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.

JMc & Jameson Capital