For most people the covid-19 pandemic ended years ago. But not for commercial-property investors and their lenders. Working from home prompted an office slump that lasted far longer than mask mandates and lockdowns. Starting in 2022 aggressive interest-rate rises hurt the sector even more, by making mortgage loans far more expensive to roll over. The banks that financed it, especially the smaller ones, have been brutally squeezed as credit quality has deteriorated.
Human conflict is an intrinsic part of human nature; it is as natural as tears. As Leo Strauss wrote, in modern...
Defenders of the Civil Rights Act are always at great pains to portray themselves as eminently reasonable, when they argue...
I absolutely love this! ❤️ The world needs more pool noodle fights with strangers… and less fear, violence, and hate....
Yves here. I was sad when I had to divest myself of many books when I left New York City...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 395.62 points or 0.89% to...
Part the First: Unintended Side Effects of Vaccines. From Science-Based Medicine this week: Unintended Side Effects HPV and Shingles Vaccines—Reason...
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