Category: World markets

Starving for yield?

11 June, 2008 (08:15) | Demographics, Global news, Speculation, Subprime, World markets |

Every now and then, an article makes me sit up and think twice. Such a piece is an extravagant speculation by columnist Spengler that I came across in the Asia Times, with the curious title of “The monster and the sausages”   The original monster and the whirlpool, reimagined under William Pitt Since I don’t […]

The value of foreclosure

30 July, 2007 (09:29) | Global news, World markets | 1 comment

“The only thing worse than being talked about Is not being talked about.” — Oscar Wilde This is how I assure I am talked about   Foreclosure summons up in our minds the most heartbreaking bathetic images:     In financial terms, foreclosure is the death of a venture: the owner loses the property, the […]

Dharavi, the fixable slum: Part 3, more of why it works

5 July, 2007 (10:30) | Essential posts, Slums, World markets |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   Yesterday we listed half a dozen contributing factors to Dharavi’s revival. There are more: 7. Capital finance is plentiful. The tenants and others are jostling for position because not only does the property offer economic prospects, the globe is awash in capital looking for […]

Dharavi, the fixable slum: Part 2, why it works

4 July, 2007 (11:46) | Essential posts, Slums, World markets |

  [Continued from yesterday’s Part 1.] Yesterday we saw that Dharavi, Asia’s largest slum, is about to be comprehensively redeveloped — wiped clean, as it were — and transformed.   All this is to come up, and high-rises are to go up Why now? Why does this plan work? Where did Dharavi come from? Here […]

Dharavi, the fixable slum: Part 1, the deal

3 July, 2007 (09:26) | Essential posts, Slums, World markets |

  There’s nothing wrong with Dharavi, India‘s largest slum … … that demolishing it entirely won’t cure. That, at least, appears to be the prevailing view of Mumbai’s municipal government, as reported by the World Business Council for Sustainable Development via Agence France-Presse. Mumbai is now auctioning off Dharavi:   AFP, 30 May 2007 – […]