Communal living space in California Source: Haven There’s a new solution for millennials struggling with rising rents, but it has a familiar feel. Communal living, or co-living, brings together a group of people, likely strangers, in a shared space. Often, there are private sleeping quarters but the kitchens and work areas are communal spaces. It’s
Month: February 2020
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
Manufacturing activity in China plunged in February, exceeding its collapse during the global financial crisis of 2008, according to one of the first official economic indicators published since the coronavirus outbreak. The manufacturing purchasing managers’ index (PMI) fell to 35.7 this month, which was an all-time low and was down from 50 in January, China’s
The Chinese economy has witnessed tremendous transition and growth since 1978 when Deng Xiaoping introduced China to capitalist market reforms and moved away from a centrally planned economy. The resulting growth has persisted for the last 35 years; its gross domestic product (GDP) has seen an average annual growth rate of 10.12% between 1983 and 2013,
James E. Spiotto was remembered Friday as a consummate but humble voice in the municipal industry for his bankruptcy and restructuring expertise that influenced governments, investors and federal lawmakers as they rewrote municipal bankruptcy law in the 1980s. Spiotto died suddenly of a heart attack on Thursday. He was 73. “Jim was on a mission,”
Flint, Michigan-based Hurley Medical Center’s rating outlook was revised to stable from negative by Moody’s Investors Service on its improved financial performance. The speculative-grade Ba1 rating was affirmed. The outlook change comes ahead of the medical center’s pricing of $52 million in tax-exempt revenue bonds Tuesday. The bonds will be issued via the Flint Hospital