(What fraction of gym members who took up a home-fitness product or service during COVID are going to stick with it permanently and drop their gym membership?
(Because a REIT’s stock price reflects the value of the equity interest in a portfolio of buildings, net of mortgages and other debt the REIT takes out, it should move up and down more sharply than the value of the underlying buildings.) By Josh Barro. And someday when we do finish that long journey toward freedom, when we do form a more perfect union, whether it’s years from now or decades, or even if it takes another two centuries, John Lewis will be a founding father of that fuller, fairer, better America.Trump tweeted out an ad for a pizza place on Long IslandFormer GOP presidential candidate Herman Cain has died from coronavirus.
STATE INITIAL JOBLESS CLAIMS RISE TO 1.43M; EST. Verified account Protected Tweets @ Protected Tweets @ In human terms, this one could be worse (at least if the GOP gets its way).Jeff Bezos and Mark Zuckerberg Aren’t in the Same BoatAmazon is extremely popular – and doesn’t meet the definition of a monopoly.
In New York, commercial real estate is taxed at rates several times higher than owner-occupied homes are.
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But there are also rays of hope, and signs that the massive stimulus package Congress passed may help forestall a crisis as bad as some had feared. Photo: Spencer Platt/Getty Images A lot of current economic data tell a grim story about the state of the American economy.
Delay the Election until people can properly, securely and safely vote?? Photo: Pool/Getty Images As Matt Yglesias notes, Wednesday’s hearing with Big Tech executives was a bit sprawling, but that isn’t necessarily a bad thing. And because cities and states depend heavily on taxing commercial properties and the activity that occurs in them, a shock to commercial real-estate values is likely to cause yet another problem for state and local government budgets.The outlook seems diciest for retail real estate. So far, household finances have been, for the most part, robustly protected by aid under the CARES Act that actually caused household incomes to rise and household saving rates to rise sharply during the spring. The Acting Secretary is committed to ensuring that all DHS personnel uphold the principles of professionalism, impartiality and respect for civil rights and civil liberties, particularly as it relates to the exercise of First Amendment rights.”Former presidents Barack Obama, George W. Bush, and Bill Clinton delivered remarks praising John Lewis at Ebenezer Baptist Church in Atlanta on Thursday. And it has.
By Josh Barro The Transamerica Building stands at the end of an empty Columbus Avenue in San Francisco, California, U.S., on Tuesday, March 17, … Less-intensive use of office and retail buildings would mean a weaker commercial tax base, forcing the city and state to rely more on taxing residents on their income and residential property — or to cut back public services.
After accounting for SL Green’s debts, that implies that the company’s real-estate properties have fallen in value by roughly 18 percent.
That’s on top of all the other fiscal trouble that cities and states face due to the COVID crisis.Hopefully, the haircut to the Transamerica pyramid price is indicative and we will be looking only at a significant but manageable decline in real-estate values.
Otherwise, more costs may fall on you than you might have expected.Another alarming twist in the federal government’s response to protests in Portland – which DHS now says it’s suspendingThe Department of Homeland Security has compiled “intelligence reports” about the work of American journalists covering protests in Portland, Ore., in what current and former officials called an alarming use of a government system meant to share information about suspected terrorists and violent actors.Over the past week, the department’s Office of Intelligence and Analysis has disseminated three Open Source Intelligence Reports to federal law enforcement agencies and others, summarizing tweets written by two journalists — a reporter for theAfter The Post published a story online Thursday evening detailing the department’s practices, the acting homeland security secretary, Chad Wolf, ordered the intelligence office to stop collecting information on journalists and announced an investigation into the matter.“Upon learning about the practice, Acting Secretary Wolf directed the DHS Intelligence & Analysis Directorate to immediately discontinue collecting information involving members of the press,” a department spokesman said in a statement. Daily news about the politics, business, and technology shaping our world.His unorthodox presidential campaign is collecting signatures in Ohio, Arkansas, and West Virginia, but West’s earlier efforts face legal scrutiny.Trump and the GOP Establishment Are Falling Out of LoveAs his odds of reelection dwindle, the marriage of convenience between Trump and the conservative old guard is starting to fray.Trump’s Authoritarian Theater Was Just for Show, Until It Wasn’tThe presence of federal forces in Portland marks, for the president, a political strategy ripe for replication anytime he faces the will of voters.James Murdoch Quits News Corp Board, Citing Editorial RiftRupert Murdoch’s youngest son is publicly done with his family’s controversial media empire — but he still stands to profit from it.Trump Keeps Taking Russia’s Side, and We Don’t Know WhyMueller never looked at Trump’s financial information.What We’ve Learned From the Newly Unsealed Jeffrey Epstein DocumentsThe Ghislane Maxwell document release offers more details on her relationship with Jeffrey Epstein, and his ties to powerful people like Bill Clinton.What has been bad for Starbucks has been good for Folgers.Democrats Put Squeeze on White House As Unemployment Benefits ExpireRight now the White House looks more likely to cut a stimulus deal with Pelosi and Schumer than to herd fractious congressional Republicans.Is This the Beginning of the End of Big Tech As We Know It?Kara Swisher and Scott Galloway discuss the House tech-antitrust hearing and how it could lead toward breaking up giants like Amazon or Facebook.Trump’s Racism Won’t Win the Suburbs.
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