Month: August, 2009

The virtues of not changing horses

31 August, 2009 (10:18) | Capital markets, Regulation, Speculation, US News | No comments

As we predicted – reading the tea leaves wasn’t hard at all – my classmate Ben Bernanke has been renominated as Federal Reserve chairman, and will be reconfirmed sometime this fall, and for the reason we predicted, as made clear in this pair of Wall Street Journal articles:

File under ‘unflappable’

Obama Sticks With ‘Bold, [...]

Romanticizing the poor

28 August, 2009 (10:05) | Homeless, Providence, Slums | No comments

Leave it to snarky Gawker to explode another of those urban-homesteading myths so favored by a certain kind of press, and a certain type of author:
 
Today’s New York Times Page One recession-porn dispatch is so unrelentingly hackneyed that William Shatner ought to read it aloud to bongos. 
 

Who you calling hack-kneed?
 
And it neglects to mention that [...]

Nobody home?

27 August, 2009 (10:00) | Compulsory purchase, Eminent domain, Local issues, London, Real estate taxes, Rental, Speculation | No comments

Why would you buy an expensive home in a tony London neighborhood and then leave it empty?
 

Vacancies even in my tony neighborhood?
That concerns me.
 
Leave it to the Wall Street Journal to peep through Mayfair’s lace curtains:
 
LONDON — At an abandoned home with yellowing newspapers on its front stoop, Paul Palmer peeks through a mail slot [...]

Great Blog Posts by Others (GBPO) 03: I think, therefore I win

26 August, 2009 (11:58) | Bear Sterns, France, Human Psychology, IHC, Slums, Speculation | No comments

“Nothing either good or bad, but thinking makes it so,” says melancholy Hamlet, counting himself a king of infinite space and that, in a nutshell, is the trap of overconfidence. 
 

Unzip your mind, and the rest will follow
 
1. I think, therefore I win
 
Or so says the logorrheic Malcolm Gladwell, in yet another of his probably-unsound-but-vibrantly-intriguing [...]

Anti-black or anti-green? Part 2, what did we win?

25 August, 2009 (09:55) | Chapter 40B, Desegregation, False Claims Act, Inclusionary zoning, Local issues, Westchester County, Workforce housing, Zoning | No comments

[Continued from yesterday's Part 1].
 
Yesterday we delved into Westchester County’s recent settlement, as reported in the New York Times, of a desegregation lawsuit.  Via a clever legal end run, it was brought against the county by the Anti-Discrimination Center, using the False Claims Act:
 
The case was litigated by Mr. Gurian and the center’s lawyer, John [...]