“Invest only in businesses that an idiot can run, because sooner or later an idiot will.”
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.
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Combine cross laminated timber, glue laminated timber, and the desire to connect with nature while providing ample creative working space, and you have the 5 King Tower, a 52-meter timber structure with the strength of concrete and steel (but a much smaller carbon footprint).
It seems like the Republicans hate nature – especially national parks and anything unspoiled. Especially if there a way to make money while destroying the environment.
Last weekend, more than 1,000 sportsmen, outdoor business owners, and public lands supporters joined Gov. Steve Bullock (D-MT) in Helena, Montana. Wednesday afternoon, a rally in New Mexico drew hundreds more people, all protesting congressional attempts to sell off or privatize public lands. The outcry was prompted in part by Rep. Jason Chaffetz’s (R-UT) introduction of a bill to sell off 3.3 million acres of public lands — an area the size of Connecticut.
History shows that bad economic ideas almost never die, especially when they serve the wealthy and powerful. There’s no better example of this truth than trickle-down tax cuts. As we write this, the Trump administration is teeing up a tax plan that slashes taxes for the wealthy and the corporate sector, does little for everyone else (repealing the Affordable Care Act actually raises taxes on some with low and moderate incomes), and stiffs the U.S. Treasury to the tune of $6.2 trillion, according to the Tax Policy Center’s estimates.
“If our estimates are proven correct, Moenjodaro was probably a cosmopolitan city of its times. I have said it time and again that, 5,000 years ago, when people in Europe and other places lived in caves and jungles, people in Moenjodaro lived in brick houses in a civilised and planned city,” Qasim says.
If my view is broadly correct, the great foreign policy challenge of our age will be to manage cooperation among many competing and technologically advanced regions, and most urgently to face up to our common environmental and health crises. We should move past the age of empires, decolonization, and Cold Wars. The world is arriving at the “equality of courage and force” long ago foreseen by Adam Smith. We should gladly enter the Age of Sustainable Development, in which the preeminent aim of all countries, and especially the great powers, is to work together to protect the environment, end the remnants of extreme poverty, and guard against a senseless descent into violence based on antiquated ideas of the dominance of one place or people over another.
Jeffrey D. Sachs is University Professor and director of the Center for Sustainable Development at Columbia University, and author of “The Age of Sustainable Development.”
Despite its name, the strawberry isn’t a true berry. Neither is the raspberry or the blackberry. But the banana is a berry, scientifically speaking, as are eggplants, grapes and oranges. So what’s the deal? Why are berries so very hard to define?
It took two months longer on average to sell a New York City luxury apartment in 2016 compared with 2015. That’s according to the real-estate agency Olshan Realty, which on Wednesday published its year-end report on the New York residential market.
It backed up other reports released earlier in 2016 that showed the luxury market in Manhattan, New York’s most expensive borough, had a tough year. Unlike other price segments of the housing market, there’s an excess of luxury apartments, giving buyers power to negotiate asking prices lower.
“New York City’s rental market has been mostly steady, except at the high end, where the inventory has risen and rents have drifted down,” the Federal Reserve said in a recent Beige Book based on comments from its contacts.
Trump’s plan to rebuild the country’s infrastructure is really a scheme to enrich wealthy people…..
There is also the fact that private investors will have no interest in building infrastructure that can’t be turned into a profit center. Privatizing these public projects is a gratuitous hand out to select investors, who would be aquiring public assets for “just 18 cents on the dollar, with taxpayers picking up the rest of the tab.
Toronto’s skyline is entering the stratosphere… at least by North American standards. A look at what 10 new projects will mean to the city, its residents and its image.