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The Future of Office Space Real Estate Market

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Last night, I interviewed 12 CEO’s in Orange County, CA. It was a group discussion that focused on what aspects of business are most likely to change once the coronavirus epidemic passes. Without hesitation, the first topic cited by these executives was the coming upheaval in the office space real estate market. To a person, everyone said that this prolonged episode proved that most people can clearly work well from home. They can be supervised effectively, and they are productive.  read more »

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Coronavirus Hits Already-Vulnerable Heartland Oil And Gas Industries Hard

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As the COVID-19 pandemic continues to wreak havoc on many areas of the economy, the Heartland's oil and gas industry is poised to take one of the hardest hits. In particular, Texas, Oklahoma, North Dakota and Louisiana are likely to face severe impacts. At a national level, the most severe economic damage from COVID-19 will disproportionately hit a handful of sectors – travel, tourism, lodging, dining and recreation.  read more »

A Few Certainties About Covid-19

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There is plenty that we do not know about the coronavirus. But let us take stock of the things that we do know for sure, and of some other things that we will soon know.

Real-world Exponentiality

By now, a child understands exponential growth. If you start with one apple on March 1st and double every three days, you will have a thousand apples on March 31st and a million on April 30th.  read more »

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The End of New York

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For over two centuries, New York has been the predominant urban center in North America. It remains the primary locale for the arts, culture, finance, and media, and will likely remain so for the foreseeable future. It has also served as the incubator of the many Americas—including Jewish, Italian, African American, Irish, and, increasingly, Middle Eastern, North African, and Asian cultures—and nurtured their contributions to the arts, business, and intellectual life.  read more »

Stockton, Fresno and Bakersfield Lead San Francisco Metro in Growth

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In a March 26 article, The New York Times headlined: "Even before coronavirus, America's population was growing at slowest rate since 1919." Experts suggested that, with the coronavirus and falling immigration rates, the country could see a population decline next year.

Lurking behind this overall assessment was even bigger news for Californians. Improbably, the much smaller Stockton, Fresno and Bakersfield metropolitan areas are now growing faster than the San Francisco and Los Angeles metropolitan areas, as well as the San Diego metropolitan area.  read more »

Home Sweet Home

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The recent challenges from the coronavirus force us to shelter at home and think of our home in whole new ways. Traditionally, when a buyer looks for a house to purchase, they are usually thinking about practical and financial criteria, like the square footage cost of the investment, how much house can they afford, are there large enough rooms for grand entertaining, and does the home have the latest and most stylish counter tops and appliances. The style of the house and whether the right public school is nearby is usually a major priority.  read more »

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The Coming Age of Dispersion

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As of this writing, the long-term effects of the coronavirus pandemic remain uncertain. But one possible consequence is an acceleration of the end of the megacity era. In its place, we may now be witnessing the outlines of a new, and necessary, dispersion of population, not only in the wide open spaces of North America and Australia, but even in the megacities of the developing world.  read more »

Greta preaches many of the first Earth Day's failed predictions

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More than three decades before Greta Thunberg was born — the Swedish environmental activist on climate change — more than 20 million Americans participated in the first Earth Day on April 22, 1970.  read more »

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Coronavirus Regional Economic Impacts and Policy Responses

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Most regions were beginning to see an acceleration in economic growth during January and February 2020. The 20-state Heartland was poised to see a notable improvement in economic performance that will now be tested due to public health measures implemented to contain the spread of the coronavirus. The additional $200 billion in purchases of grain, industrial supplies and manufactured products over the next two years that China agreed to in the Phase I trade deal will benefit the Heartland greater than any other region of the nation.  read more »

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