Daily Archive: July 7, 2015


Hearing things in a new way.

Or Is China the word?

“Chinese institutions are too outdated, too inflexible, too lacking in coordination to be of any use when the one thing the government can do—aggregate and direct flows of money—is undermined as a tool. The sell-off is similar to a bank run, in which each player’s only real motive is to capture as much of the value of his assets as possible before the whole edifice collapses.”

A First For New York City…

A rent freeze… In a 7-2 vote on June 29, the New York City Rent Guidelines Board approved their first ever rent-freeze in the board’s 46-year history. The freeze will apply to one-year rent-stabilized...