What I'm Reading This Week (05/17/19)
Here are some things I read this week:
This is a great little article about the insanely corrupt MTA. Whether it is the governor, the unions or the public authorities, the amount of pillaging going on is hard to fathom.
Apparently the Trump tax cuts didn't pay for themselves, not even close. When you hear people assert that they have, they are just wrong.
I found this article about summoning a demon hilarious.
An article about Lilum testing their flying car. This is a very neat space, even if it takes 10 years for it to be practical.
Finally, an article on my bête noire (wework). Apparently they are trying to capture the value gained by a landlord by having wework as a tenant by creating an independent fund to develop or finance sites. If this actually made a lot of sense I would expect Apple or other cornerstone retailers to do it. The thing is they don't - they just negotiate special extra cheap leases, splitting the benefits with the landlords. But it turns out that banks are leery of wework because they and the landlords they lend to already have so much exposure to wework, so this just seems like a trick to get investors to give them money to fund sites because banks won't. And it comes with an extra helping of conflict of interest because this vehicle is going to "independent" and run for its own benefit, but also run by the wework CEO and employees of wework. Sounds great.
This is a great little article about the insanely corrupt MTA. Whether it is the governor, the unions or the public authorities, the amount of pillaging going on is hard to fathom.
Apparently the Trump tax cuts didn't pay for themselves, not even close. When you hear people assert that they have, they are just wrong.
I found this article about summoning a demon hilarious.
An article about Lilum testing their flying car. This is a very neat space, even if it takes 10 years for it to be practical.
Finally, an article on my bête noire (wework). Apparently they are trying to capture the value gained by a landlord by having wework as a tenant by creating an independent fund to develop or finance sites. If this actually made a lot of sense I would expect Apple or other cornerstone retailers to do it. The thing is they don't - they just negotiate special extra cheap leases, splitting the benefits with the landlords. But it turns out that banks are leery of wework because they and the landlords they lend to already have so much exposure to wework, so this just seems like a trick to get investors to give them money to fund sites because banks won't. And it comes with an extra helping of conflict of interest because this vehicle is going to "independent" and run for its own benefit, but also run by the wework CEO and employees of wework. Sounds great.
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