Nothing like a billion plus tax dollars to turbo-charge a neighborhood. Eli Segall reports for the Las Vegas Review Journal, “The Las Vegas Convention and Visitors Authority aims to finish the convention center’s 1.4 million-square-foot expansion in 2021. It then plans to renovate the existing 3.2 million-square-foot facility.”
While Scott’s thoughtful free-market answers play well to the internet crowd, most locals want government to rule real estate with an iron fist, with their input, of course
The Dutch (irony noted) family of five is getting rid of their 2,500-square-foot house, all their creature comforts, even their shoes and loading up on cryptocurrency’s #1 brand.
That’s 10,000 people a year. Significant, but small potatoes, compared to alcohol. According to the Center for Disease Control, from 2006 to 2010, an average of 88,121 people died each year from alcohol consumption.
Meanwhile we have a modern socialist experiment imploding before our eyes. These policies have led to shortages of everything, from food to toilet paper, while the government’s printing presses have created hyperinflation.
In Mises's view, economics doesn't deal with homo economicus at all, but with homo agens: man "as he really is, often weak, stupid, inconsiderate, and badly instructed."
The hate, though, is not all manufactured. It is rooted in a fact-based narrative, one that North Korea obsessively remembers and the United States blithely forgets.
Of course, that’s the problem, no one can really explain bitcoin or any of the other brands of cryptos.
Meanwhile, Warren Buffett is betting humans will be driving trucks for a long time to come. He bought 38.6% of Knoxville, Tenn.-based family-owned Pilot Travel Centers LLC. Pilot Flying J and plans to boost ownership to 80 percent in 2023.
Not bitcoin backed, not ethereum backed, g-o-l-d backed. How low tech of the Chinese. For the moment, oil is priced in dollars, whether it’s Brent or West Texas Intermediate.
That was October 5, 2013. The following Monday bitcoin traded for $125.94. My lost crypto was no big deal then. Now, trading over $4,000 per coin. Much bigger deal. It turns out I’m just one of many to lose my coin.
Musk has never met a timeline he hasn’t blown, whether it's making cares, rockets or solar panels.
“Abolish social housing, scrap prescriptive planning regulations and usher in the wholesale privatisation of our streets, squares and parks,” wrote Oliver Wainwright who was paraphrasing comments made by Patrik Schumacher shocking his architect colleagues in Berlin. Suddenly, Schumacher became “the Trump of architecture."
The housing and lending markets are among the most distorted by government intervention. By bailing out Fannie, Freddie and the big banks, not to mention crony capitalism like the Lennar/FDIC Rialto partnership, the housing and debt markets were never allowed to crash and cleanse in a properly capitalistic way.
“She underestimated the glacial pace that these events take place at. She misunderstood the leeway that a local government or state is allowed based solely on past performance and presumed credibility. Most importantly she misunderstood the lengths that elected officials will go to, to avoid a problem.”
Keillor writes, "The Pledge of Allegiance is a mystery to me, promising fealty to a piece of cloth — and 'to the republic for which it stands' — what does that mean?"
My reflections on a certain real estate bubble and how it seemed similar to his acute certainty of how the future would progress made no dent in his enthusiasm.
Out west, Alaska and Wyoming spend a ton on k-12 (over $15,000/student/year) and only have scores of 19.8 and 20.2, respectively to show for it. Utah and Idaho spend less than half what Alaska and Wyoming spend and have higher scores.
A medallion being essentially a license to drive a cab, $150,000 to $450,000 doesn’t seem like the bottom, however at the peak. 2014, a medallion went for $1.3 million. By the way, Uber was founded in 2009, but New York cab owners either didn’t get the memo, or didn't understand the implications.
Pot is available everywhere and only when government gets in the way does supply become a problem. The California growers association worries, as Thomas Fuller writes, “there may not be enough regulated marijuana to serve the legalized market, a highly paradoxical situation in a state that is by far the largest cannabis producer.”
