Tag: real estate
What Financial Engineering Does to Hospitals
Riverton, Wyoming, a city of about 11,000 people at the feet of the Wind River mountain range, seems far away from the world of Big Finance. Yet like so much of America, Riverton has become well acquainted with the business that most epitomizes today’s Wall Street: private equity. In 2018, the local hospital, SageWest, was purchased by Apollo Global Management as part of the giant private-equity firm’s $5.6 billion deal to buy a chain of hospitals called LifePoint Health. Even
Can Giorgia Meloni Govern Italy?
Italy’s first far-right leader since World War II—and the first woman ever to lead the country—is small, blond, fierce, street-smart, working-class, and Gen X. Raised by a single mother in Rome after her father took off for a new life in the Canary Islands when she was a toddler, Giorgia Meloni came of age in far-right youth movements. Now 46, she has been a professional politician since she was a teenager.
Her victory in September’s national elections unsettled the
The Marvels—And Mistakes—Of Supertall Skyscrapers
It was a sunny day in New York City when I realized that my sky was being stolen.
The first sign of trouble was the crane. Its thin finger appeared over the old brick building outside my window, scratching at the sliver of sky I could just make out above the rooftops. My sky. In a city where you can sprain your neck searching for sky, I relished this shard of blue, so tiny that I could cover it
How Black Landowners in the South Are Recovering Lost Generational Wealth
Piney Woods, N.C., is one of those small, quiet, rural communities you might pass on a drive up North. Blocks of lush grass, farmland, and forests are bisected by a single asphalt road; it’s not uncommon to find a tortoise or two lazing on the empty street, unafraid of potential traffic.
These untouched stretches of green are an underrealized beauty. At one point known as Free Union, Piney Woods was founded well before the Civil War by Black folk
Fear & Loathing in San Francisco: How Chesa Boudin Got Blamed
What Historic Preservation Is Doing to American Cities
When news broke earlier this year that the modest but attractive house on Long Island known as Geller I was going to be demolished, the outcry was immediate. The home’s significance in architectural history was beyond question. Its designer, Marcel Breuer, was among the most acclaimed of the mid-20th-century modernists and one of the few whose name is familiar to those with only a passing interest in architecture. These facts ultimately meant little. Geller I—the first of two buildings that
Let’s Talk About the Taking of Black Land
In 1825, John and Elizabeth Whitehead divided their Manhattan farmland into 200 lots and began selling it off. I know it’s hard to imagine Manhattan as ever having farmland, but “the city” remained densely clustered on the southern tip of the island well into the 19th century.
The first three lots of the Whiteheads’ land were bought for $125 by a shoe
The Sick, Refreshing Honesty of Web3
Twitter has begun allowing its users to showcase NFTs, or non-fungible tokens, as profile pictures on their accounts. It’s the latest public victory for this form of … and, you know, there’s the problem. What the hell is an NFT anyway?
There are answers. Twitter calls NFTs “unique digital items, such as artwork, with proof of ownership that’s stored on a blockchain.” In marketing for the new feature, the company offered an even briefer take: “digital items that you own.”
The Wild, Wonderful World of Estate Sales
An estate sale is only a true estate sale if the homeowner is dead. If the owner is living, then it’s a tag sale, though many people use the terms interchangeably. When I went to one of my first “estate sales,” in Hewlett Harbor, Long Island, roughly two years ago, just before the pandemic temporarily forced much of the industry online, I was surprised to discover that the owner was not only alive but there, in her soon-to-be-former house. A
A Divorce Story – The Atlantic
I had wanted, I thought, soapstone counters and a farmhouse sink. I had wanted an island and a breakfast nook and two narrow, vertical cabinets on either side of the stove; one could be for cutting boards and one could be for baking sheets. I followed a cabinetry company called Plain English on Instagram and screenshotted its pantries, which came in paint colors like Kipper and Boiled Egg. Plain English cost a fortune, but around a corner in the back