Category: Global news

The unexpected hanging: Part 2, Too many banks here anyway

24 July, 2015 (10:00) | Austria, Banking, Consumer protection, Currency risk, Eurozone, Global news, Homeownership, Lending, Mortgages, Risk, Swiss franc | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s Part 1 told half the story of an Austrian homeowner and acquaintance of columnist/ pundit David Frum. as described six months ago in The Atlantic (January 29, 2015), whose astonishment at being assessed a €12,000 mandatory loan prepayment demand, because though paid in Euros and […]

The unexpected hanging: Part 1, Before it was pushed

23 July, 2015 (10:00) | Austria, Banking, Consumer protection, Currency risk, Eurozone, Global news, Homeownership, Lending, Mortgages, Risk, Swiss franc | No comments

By: David A. Smith The man was sentenced on Saturday. “The hanging will take place at noon,” said the judge to the prisoner, “on one of the seven days of next week. But you will not know which day it is until you are so informed on the morning of the day of the hanging.” […]

Urbanization’s side effects: Part 4, I hope so, anyway

25 June, 2015 (10:00) | Air pollution, Delhi, Evolution, Global news, Housing, India, Infrastructure, Markets, Slums, Traffic, Urbanization, Water and sanitation |

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith Recommended treatment: Topical ointments of in-situ slum upgrading; anti-corruption boosters via self-help groups at regular intervals; regular political exercise via free and fair elections; fairly compensated expropriation with strong judicial scaffolding. As presented in a personal and moving […]

Urbanization’s side effects: Part 3, Irreversible lung damage from poisoned air

24 June, 2015 (10:00) | Air pollution, Delhi, Evolution, Global news, Housing, India, Infrastructure, Markets, Slums, Traffic, Urbanization, Water and sanitation |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith Symptoms: Air pollution, water pollution, painful crime nodes; traffic jams; periodic rashes of civil disturbance; splotches of substandard housing; construction cranes; prevalence of kickbacks. So unhealthy is the Delhi environment – especially the water and the air – that, as we […]

Urbanization’s side effects: Part 2, you should not raise children in Delhi

23 June, 2015 (10:00) | Air pollution, Delhi, Evolution, Global news, Housing, India, Infrastructure, Markets, Slums, Traffic, Urbanization, Water and sanitation |

[Continued from yesterday’s Part 1.] By: David A. Smith Side effects include: Overloaded infrastructure; proliferating informal settlements; emergence of alternate-power structures (cf. gangs); eruptions of verticality; dramatic adaptive reuse of existing structures; absentee landlords and rent-seekers; inter-tribal clashes. As we saw yesterday, working from Gardiner Harris’s farewell to Delhi in The New York Times (May […]