Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.]
In yesterday’s Part 1 on whether auditors in the subprime mess, in addition to the rating agencies, are culpable for bad information prepared by their clients the subprime loan originators, we looked at this New York Times article about unlucky auditor KMPG and its now-bankrupt client New Century:
At the [...]
If you can’t report the news on time, the news you eventually report is almost always bad. I formulated this theory in 1977, and it’s served me well ever since.
It was a time of tight jeans and floppy hair
As the subprime mess reaches saturation of troubled borrowers and dissipates into tardy omnibus rescue legislation [...]
Finance rests on the twin pillars of verifiable information and executable property rights, and both in turn require that property, income, and economic activity all operate in sight of the law.
That’s the main thesis advanced by Madeline Albright and Hernando de Soto, co-chairs of the Commission on Legal Empowerment of the Poor, in a [...]
How to fix French urban policy?
As car torchings taper off due among other things to a substantially increased police presence …
The chart is out of date: just under 10,000 cars torched but a continuing downward trend
… President Chirac’s ninety-day extension of the state of emergency has bought the French government a brief respite — but to [...]
[Continued from Part 1, posted yesterday]
D. Why it works
Inclusionary zoning is popular, and spreading: among the states and cities (most of them progressive) that have adopted or are adopting some variant are Boulder CO, Burlington VT, Los Angeles, Massachusetts, New York City, San Diego, and Santa Cruz CA. It’s jumped the pond as well, in [...]
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