Month: April, 2009

Month in Review, March 2009: Part 2, the markets’ mending

23 April, 2009 (09:22) | Admin, Month in review | No comments

[Continued from yesterday's Part 1.] 
 
[Previous Months In Review available here: Feb 09, Jan 09.]
 
In our review of a very busy month, we turn from how we got into this mess toward how we will get ourselves out, starting with Auctioning our headaches: Part 1, the why, and Part 2, the how:
 
A month ago, I predicted [...]

Month in Review, March 2009: Part 1, the market’s busted?

22 April, 2009 (10:20) | Admin, Month in review | No comments

[Previous Months In Review available here: Feb 09, Jan 09.]
 

On the first anniversary of the Bear Stearns Banking on Value bailout, we are twelve months further in to the most comprehensive restructuring of the global capital and financial markets that any of us have seen in our lifetimes, and we’re at least partly in the [...]

Capital markets regulation 2.0?

21 April, 2009 (10:56) | Capital markets, Regulation, Theory | No comments

Although catastrophe is a precondition to fundamental financial reform, one shouldn’t waste a good catastrophe, and now that we’ve had ours, let’s start on the reform.  A recent guest article in the Economist by Raghuram Rajan, former chief economist for the IMF, now a finance professor a U Chicago’s Booth school, “argues for a regulatory [...]

Cities mean traffic jams

17 April, 2009 (10:14) | Cities, Essential posts, Housing, New York City, Primer Posts, Theory, Transportation | No comments

Cities mean traffic jams.
 

Broadway, New York City
 
Yes, you can have traffic jams without cities, but you cannot have cities without traffic jams. 
 

1962
 
As illustrated in this throwaway piece from New York Times, that doesn’t stop politicians from decrying them and wishing they would go away:
 
Speaking of traffic-taming measures for Broadway around Times Square and Herald [...]

The ecology of a slum: Part 6, the future’s flows

16 April, 2009 (10:03) | Ecosystems, History, London, Slums, Theory, United Kingdom | No comments

[Continued from yesterday's Part 5 and the previous Part 1, Part 2, Part 3 and Part 4.]
 
[Editorial justification for the tour: If we want to improve slums, we have to see them as ecosystems – spontaneous self-generated communities, self-organized, economically rational, economically efficient, adaptive and robust.  We may not like the slums (like Dharavi in [...]