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“Systems of taxation are not framed, nor is it possible to frame them, with perfect distribution of benefit and burden. Their authors must be satisfied with a rough and ready form of justice.”

— U.S. Supreme Court Justice Benjamin Cardozo

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

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Penda Designs Modular Timber Tower Inspired by Habitat 67 for Toronto | ArchDaily

Penda Designs Modular Timber Tower Inspired by Habitat 67 for Toronto,Courtesy of Penda

 

Penda, collaborating with wood consultants from CLT-brand Tmber, has unveiled the design of ‘Tree Tower Toronto,’ an 18-story timber-framed mixed-use residential skyscraper for Canada’s largest city. Drawing inspiration from the distinctly Canadian traditional modular construction, including Moshe Safdie’s iconic Habitat 67, the tower is envisioned as a new model of sustainable high-rise architecture that can establish a reconnect urban areas to nature and natural materials.

Source: Penda Designs Modular Timber Tower Inspired by Habitat 67 for Toronto | ArchDaily

Trees can make or break city weather — ScienceDaily

 

Even a single urban tree can help moderate wind speeds and keep pedestrians comfortable as they walk down the street, according to a new University of British Columbia study that also found losing a single tree can increase wind pressure on nearby buildings and drive up heating costs.

Ties in with The Hidden Life of Trees by Peter Wohlleben (definitely worth reading) where he discusses how trees in a forest create their own micro-climate and provide each other with physical support against wind and storms. But also read where he discusses the plight of urban trees forced to live without the forest community that they evolved for.

Source: Trees can make or break city weather — ScienceDaily

This Kansas City neighborhood wrote the blueprint for transforming a community | Grist

Today, the drug-running and dumping are contained, new residents are moving in, and the enclave is considered an example, both regionally and nationally, of how a community can organize itself and choose the future its residents want. Blocks of houses, some old, some renovated, some looking brand new radiate out from the renovated former fire station and boxing gym that’s the headquarters for the Ivanhoe Neighborhood Council, which drives the revitalization efforts. Next door is a small park with a playgrou

Source: This Kansas City neighborhood wrote the blueprint for transforming a community | Grist

GCR – News – Norwegian team to build world’s first autonomous electric cargo ship

The battery-driven carrier was created by technology group Kongsberg and fertiliser specialist Yara. It will initially be operated as a manned vessel before moving to remote operations in 2019 and performing fully autonomous operations from 2020.

Ship will replace 100 trucks per day – good for economy, good for company, good for environment, bad for drivers being laid off. Need to address the negatives, not just enjoy the positives.

Source: GCR – News – Norwegian team to build world’s first autonomous electric cargo ship

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