Category: Incentives

Sauce for the gander

16 April, 2013 (14:38) | Banks, Compensation, Incentives, Innovations, pay, Subprime, US News | No comments

  By:David A. Smith   Time for you to reform too, padre   Too soon old, too late smart – is that how it runs?  Or was it a case of being smart but helpless, feeling under pressure to pay huge bonuses in cash based on non-cash estimates of earnings?    Before the crisis, Wall [...]

Criminal incompetence: Part 3, the community network’s success

19 December, 2012 (10:00) | Bloomberg, community networks, disaster response, disaster risk mitigation, High-rise, HUD, Incentives, Liability, Mold, New York City, NYCHA, Public housing, Rental, torts, US News |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   After two days of posting demonstrating the utter failure of NYCHA’s command-and-control ass-and-elbows approach to crisis management, reported by the New York Times (December 10, 2012), there is a bright story about community networks, self-organized and almost spontaneously evolving, as [...]

Criminal incompetence: Part 2, the City of New York’s failures

18 December, 2012 (10:00) | Bloomberg, community networks, disaster response, disaster risk mitigation, High-rise, HUD, Incentives, Liability, Mold, New York City, NYCHA, Public housing, Rental |

By:David A. Smith   [Continued from yesterday's Part 1.]   Ten days after superstorm Sandy, as we saw in yesterday’s post, New York Mayor Michael Bloomberg was claiming, as reported in this exhaustive New York Times (December 10, 2012) chronicle, that all of NYCHA’s public housing properties would have power within a few days:   [...]

Criminal incompetence: Part 1, NYCHA’s failures

17 December, 2012 (18:15) | Bloomberg, community networks, disaster response, disaster risk mitigation, High-rise, HUD, Incentives, Liability, Mold, New York City, NYCHA, Public housing, Rental, torts, US News |

By:David A. Smith   Before the Federal government bestows untold billions on New York City for its recovery from Sandy, should it not ask if New York City is deserving of such bounty?    Volunteers deliver food and inquire about specific needs among residents of the Red Hook Houses on November 16, nearly three weeks [...]

Juicy rationalization: Part 2, Just change one screw

6 November, 2012 (09:10) | Co-ops, Condos, Incentives, Local issues, Loopholes, New York City, real estate taxation, Rent control, tax incentives, tax shelters, Theory, US News |

[Continued from yesterday's Part 1.] By:David A. Smith   I don’t know who to trust.  I don’t know who likes me. Well, you don’t have that problem here.  You know I don’t like you. –The Big Chill   Yesterday’s post demonstrated, as evidenced but not analyzed in a New York Times (October 15, 2012), that [...]