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Putting out a contract on crime: Part 1, the old model dying

7 November, 2012 (16:56) | Camden, Cities, Government, Innovations, Local issues, Municipal bankruptcy, New Jersey, Philadelphia, Police, Property taxes, US News |

By:David A. Smith   We speak of failed states, and how they become crime capitals, but there are failed cities too, and when a city fails, it loses the capacity to keep alive its essential functions, which leads to mother-of-invention necessity, as shown in this story from the New York Times (September 28, 2012):   […]

Juicy rationalization: Part 2, Just change one screw

6 November, 2012 (09:10) | Co-ops, Condominiums, Incentives, Local issues, Loopholes, New York City, Real estate taxes, 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 […]

Juicy rationalization: Part 1, New York’s $37,500,000 gift to Sandy Weill

5 November, 2012 (16:44) | Co-ops, Condominiums, Incentives, Local issues, Loopholes, New York City, Real estate taxes, Rent control, Tax incentives, Tax shelters, Theory, US News |

By:David A. Smith   “Rationalization is more important than sex.” “Come on, nothing’s more important than sex.” “Oh really?  Have you ever gone a week without a rationalization?  Personally, I can’t get through a day without three or four really juicy rationalizations.” –The Big Chill   While for every loophole there may be a hundred […]

Month in Review, September 2012: Part 2, “Relatively under control”

2 November, 2012 (09:00) | Capital markets, Central bankers, Currency rates, Democracy, Euro, Fences, Global news, Grexit, Housing, Month in review, New Haven, NYCHA, Public housing |

By:David A. Smith   [Previous Months in Review available here: Aug 12, Jul 12, Jun 12, May 12.]   [Continued from yesterday’s Part 1.]   It is well known that we now have the problem relatively under control, and that it is the RAF who now suffer the largest casualties in this area. Monty Python, […]

Month in Review, September 2012: Part 1, “I abhor the implication”

1 November, 2012 (09:43) | Capital markets, Central bankers, Currency rates, Democracy, Euro, Fences, Global news, Grexit, Housing, Month in review, New Haven, NYCHA, Public housing |

By:David A. Smith   [Previous Months in Review available here: Aug 12, Jul 12, Jun 12, May 12.]   Looking back via these Month in Review compilations on my blog oeuvre (if one is allowed to call an accumulation of blog posts an oeuvre), I am struck by how far afield of the narrow topic […]