'Other People's Money' - Charles V. Bagli

By

Sampson I.M Onwuka

Charles V. Bagli 'Other People's Money' resumes every page of the story leading to the sale of Stuyvesant Town and Peter Cooper Village. The funds of interest included 'Church of England' 'California Public Employees’ Pension Fund and Singapore Government. 

The main event in the whole tale is that the sale of the building which was close to $5.6 billion was one of the city’s most 'historically Racist 'town-village' which was acquired by Tishman Speyer and Black Rock.

The story concerns New York especially at the tail of the housing boom, and the collapse which this more than contributed. The issue is that the neighborhood and more like the village developed, that initially the "...Civic groups, unions or tenant organizations, however, challenged the notion of slum clearance which required the demolition of fire hundred houses.

 In conjunction with the clearance of the block houses of 1911 fires and Fashion District, the Story of New York and districts such as Stuyvesant is a long story quite familiar with the rest of us – almost like the back of the hands, from , most real estate property in New York required massive involvement of the City of New York.  

But on this day of day for the largest real estate clearance in the City, the names that were present for the bidding process which was endorsed by the Mayor of City of New York include; Durst, Rudin and Lefrank families, The Emir of Qatar, the Rothschilds, The Safras, Simon Glick, Steve Roth of Virnado Trust, Stephen Ross - builders action and loss Angeles, Government of Singapore, Church of English..

It is not a topic exactly neglected but efforts to show the role of Federal Housing Authority in creating the negative balance sheet we regard as the Ghettos and the consequences of these neglects in terms of Insurance - both on the practical side of it all and the side that seem to have developed through the years.

Of course, the story that the F.H.A with some backing of US Government to place Red Marks on areas of business owned by Americans unable to pay their rent and hence a default, is to be viewed from both the actual formative years of property ownership and the failure of the government to handle the issue from early.

 II

It needs to be mentioned that historically there are other books covering the dead issue of 'Other People's money, one of is from a collection of essays by Louis Brandeis concerning the issue of exposures and the perennial investor's trust and confidence and the role of the Banks and the Banker in the course of managing other's people's money.

Compared to the movie starring Danny DeVito and other's people's money, Bagli's 'Other People's Money' concentrates on Down town Manhattan and the sale of Stuyvesant Town-Cooper Village which many of us was a hub of not justifiable history. 

 In many ways than one the issue of Red lining is a multifaceted problem that cannot be solution by any single bullet, and from all asunder that powered the U.S Labor markets, there was always the question of migrants from different parts of the world, particularly of Jewish retraction.

In comparison to happened to Chicagoan Lawndale, to the fall of Detroit and some of its disputed real estate, the issue of housing and the discriminatory attitudes of Americans and among Americans is not easily justified in our time or any time in the past.

 

One instance which is worthy of consideration in the book is why the struggle for housing and insurance and eventually the return of red-lining mirrors the more devastating cases of Stuyvesant Town-Cooper Village of New York which once built with private money as they said from Metropolitan Life Insurance under the Chairmanship of Frederick Eckers.

It mirrors the gaps between public money and funding which Americans are not privy to and the damaging and wholesale collapse of what is gradually a fart called Welfare and private interest acting in their own interest and not-for-profit organization carefully depart the culture of investment for other interest including personal interest and appreciation

 who categorically mentioned that if he will be willing to take the slum of New York such as ‘Gas District Houses’ littered with whites and blacks, that he was going apply the strict observation that it was only Whites who lived in these Apartments.

These stories connecting Chicago, Detroit, and New York, warrant a new investigative study on was perhaps behind the idea of redlining and if there was something positive about eschewing blacks from Kew Gardens Queens to have anybody other than blacks live in the poor but transformed Austin Neighborhood and Sunnyside, and where the logic is preserved innuendo New York high stake buildings where the owners made it a matter of policy – to isolate one group from another and thereby heightening the tension surrounding the neighborhood and hence preserving that sense of belonging needed to live in one place.

It may seem that being around people of similar types, whose manners are mainly as likely similar and their drifts in culture is as much preserving as the culture of neighborhoods and real estate engineered according to money types.

Perhaps the question is not so much the animus behind the birds of the same flocking together as to human twins who are not interested in each and more like deep resentment that is concomitant with similar characters living together – or with clashes of personality irrespective of bias. 

Of course the weightier subject on why for instance a horse of any color would still connection with his kind if it looked well enough, accords the same that the general interest of all humanity is the enduring facade of ultimate connections. 

 

III----Miscellaneous

 

But the VAR is easily discounted given Real Housing similar to cushion as Precious metals, but the differences especially for instance a VAR misaligned categories of convertible arbitrage and the Banks that create money through loans and mortgage, you may need the GSE; Fannie Mae, Sallie, and MBS to show relative proof that the banks renting under their vises are fully operational since they are involved in the process of money creation which is what Commercial Banks are created for.

But some of the problems with the Creation of money through Commercial Banks is that management degree that a recall of exposure could be generated through a TARF basic coverage, at least from the point of concession of foreign dominator to US Banks and/or ETF basics to US investment from both private and institutional money houses heading elsewhere (Third Tier markets in International or Third World economies, or government covered external Bonds whose major returns are through the exchange prairie and the guarantee of currency depression in spite of the in-money cover) or returning from foreign lateral (currency rotation).

 

 IV

 

It is true that the book conditions the rest of the market from one market was Park Avenue and Stuyvesant Town, it measures the history of New York differently when some its past citizens are no longer at ease with the changes in City of New York. The gilded age is last of the Tycoon age and Pier Pont and House of Morgan eased the pressure on banks by creating alternative. But prices differ due high demand and any part of human energy crescent called New York is priced article. Whether it offers a future to buy is high is another matter. It needs to be mentioned that since the coming of EU until now, the great leap towards housing and real estate has exponentially appreciated and the question which Bagli needed not to answer is if the economy could sustain so fancy a real estate that was not much of it, and required 'Other people's Money' to ease off with it.

There was no need from all information available to the general public that the Real Estate market such as those of New York would ever lose value, of course, this was story from those unfamiliar with the City. For people who lived and dined in City for at least a very young age, New York is hot potato that was getting brown and need to offload. In the 80’s in the Bronx, many houses were still lower than 90 000, and was considered expensive. In some areas, all you needed was a dollar for a down payment and then the show of income for at least 6 months. It was perhaps lack of foresight that shut many people from taking advantage of these deals; above all, people were dying by the day and usually in thousands by the State of New York.  It was very bad period and departures were common. But after 1992, Bronx and Brooklyn alone recorded the highest number of murders in one year, but from that time, effective measures were taken to cut down the killings, many of which were drug based, manufactured and distributed in the Bronx.

However by the turn of the 1999, most of these houses noticed significant upsurge, there was hardly any building within 300 thousand and unlike the 80’s were there was job everywhere, the 90’s had series of setbacks but the house prices were steady north stream. It is not the 9/11 that brokered the landscape but at least by the end of 2000, most of the Bronx and usually expensive Brooklyn were beyond the reach of every Americans. We might indicate the Manhattan has a reputation of sustaining its prices but even in the 1980s this was not the case. Saving parts of downtown, there was hardly any part of New York that did not offer affordable renting, in fact Science District such 72- 96 street were half projects from a decade or so leading to the 80’s, and further down to the 60’s, the only part of downtown at least from eyewitness account and from pictures and from many of us remembered as decaying trunks of the older cities, didn't offer the glamour that it will inherit from the later years. Whether the drug businesses of the 70’s or the 80’s, damaged neighborhoods in New York will not necessarily support fact that New York simply had as much problem as a place in recent times such as High Point North Carolina or were not as old and dilapidated as Wilson Salem. But there was the continued intrusion of immigrants and exiting of migrants and there were those called immigrants, usually first generation of some minority such as African or some Indian or people who just arrived. The silly thing about New York the buildings are not entirely wonderful, as such places like Stuyvesant with the old and brick houses are usually considered with taste of architecture. 

But it mainly for its real estate and not as far the job numbers, to the point that many Americans would not necessarily add the extra-ordinary impact of the Mighty Chinese on New York, that the fact that nearly half of everything consumed and displaced in New York was linked to China. It was Chinese entrance to World Market that shelved the no-show American City called New York from burst at earlier stages, such that one also accustomed to China Town before 1990, will hardly recognized the transformation which really their making. Bloomberg gets credit for Bowery and for repaving West Side high way which from many years of driving through, was possible to have picked the computerized faults of the pavements.  But in so far as real estate is concerned, there are questions of sentiment out of which the City divides on who gets what and when.

 

Easy on a Bad therapy.

By

Sampson I.M Onwuka

 

A therapist at work - names withdrawn for easy reason

II

Don’t believe anything out there, especially when there are only allegation at least in Austin, some people are labeled and socially injured with images that are not theirs. The police in Austin don’t think libeling and defamatory allegations are a big deal, and in so far as profile cases are involved, these are not dangerous priority. Unless it is burning American flag and generalizing hate crimes in the name of discipline and the explicit sexual innuendo based on recommendation of the University of Texas, Austin.

In this case the District Attorney of Austin cannot pretend he or she is not aware of what people call hideous sexual perversion or the Chief of Police who is 'in' on it as they say, pretend he has no power.

Any organizational structure that is using Austin as primitive name or has reasons to work for Austin and compensated by Austin is not a private property, won’t that religious persecutions are serious allegations that should be taken on a face level.

This high exhibition (exhibitionism) of 'uncivil rites' its cult pornography and initiation is completely banned in both US and in Mexico and by Austin Statute and Texas Laws, all the parties involved may be feeling strong about their abuse of process but not for long.

Speaking of burning American flags, it is Holmes, Oliver Wendell Holmes that you need to resurrect since his position for and against first amendment rights and extreme speech is item that covers the individual rights to personal property, image, identity, flags, etc.

You have to resurrect August Belmont of 5th Avenue New York that only lends away from the rest of us the fact that burning effigies in any reasons are material considerations for fires and intent as burning house as means of inciting public hate or similar emotions or Arson as the incidents of riots may suggest. To these groups you need to resurrect D.L Moody and his church is their issues and protest against the ‘uncivil rites’. 

Do not accept my words, perhaps some things need not be discussed but District Attorneys and Police Detective – at least in Austin - are not supposed to know everything, including Citizens, but 'Uncivil Rites' and amelioration of a private's 'Image' 'Effigy' and Statutory, inversion of his primacy and invasion of privacy are acts that are its impermissible by law anywhere and cannot be that different from Austin.

Unless the D.A’s and her assistance are telling us too much, that such actions are permissible with referencing the laws, directly and derisively, their silence its adequate and such act my continue but there is nothing that paints a bad picture of human condition than a mother and child.

Some action however devious constitutes acute personal deformation even with consent from both parties given the thresholds of exhibition, but you are so smart that it was a child that is the cause of these problems. Perhaps you can please everybody all you have to do is try harder.

Some of the initiative administered by the Health Sciences in Austin is not blameless some of it are just downright illegal. But the forms of agreement between the City of Austin and the department which administer health science involve the false and misleading use of Neuro-apathy as a way to sensitize the intended object.

But for the fact that it is used for control reasons in certain privileged situation, the total estimate and worth of such exercise is something that can be investigated from the perspective of damages to a patient in Psychology.

That the issue of self-medication is really with meanings of definition on the nature of self-help involving person to person therapy and the early stages and not later of unemployment and not later.

It does not mean that the therapy for job hunting as getting over any job works for everyone, or that it should be applied with all intent until the patient is fractured. It seems that what UTA and the authors of some of the guide for Health Science and mental health left out these lengthy discourses on the abuse and criminal application of the process.

There are no doubts that a panel of six judges passes an informed position on anybody that such a person is mentally struggling and deficient, even if such a person is the most astute and mentally healthy individual he or she is automatically insane or bordering on such précis.

Here’s the picture, there is a saying that attributed to Einstein about doing the same thing over and through and expecting a good result can be considered madness or insanity. This saying has given additional impetus on the people pushing the limits of the health department to a whole different level and it is experienced by different people and for different kinds of reasons.

A part of the human brain essentially dies to sustain other parts of the brain, and like the chances in the many parts of the world, we must great pleasures in observing these….

Sickness differs from disease since the first is the product of conditions and may alleviate its suffering when circumstances change, but a disease is more than any infirmity, it has a causing agent – perhaps a germ or protozoa. This is no doubt similar to areas of psychology that deals with aging process. For instance a man is sick from old age does not mean he is diseased, but some conditions of the body may no longer support itself and its system and it becomes vulnerable to all forms of transitive situations.

A woman may be considered sick for other reasons than disease causing agent, for instance a degenerative condition of the heart or the brain or forms of neurosis may permanently force this woman into actions that are extremely dangerous to the conscience of the general society.

Fact is, the changes from aging is slow and therefore not visible, they gradually accumulate and like incontinent conditions fecal edifice, these patients do everywhere and it is perfectly normal – at least for the most of it.

We may not therefore pretend that some of the changes in the life of anyone should be permitted to enter the life of others, to the degree that such a person and their privileged positioned inspire social sickness whose symptoms are neurosis and the outcomes depended on actions or our failure to act in the any such circumstances.  

We may suggest that the saying that human beings return to a past as a way to refresh their minds on the present conditions of happiness are issues of neurosis, that some actions that impact these victims usually transit between the brain and the motor neurons, and each information system a question of the human synapses and memory which increases with age and in age serve as nerve system with great experience and exposure of what they call adaptation. 

Humans adapt to their environment because of our body and in most cases because of the Chromosome 5, but if in the course of one’s aging process with layers and layers of dead and acquired information that some action and incident exceed what we are used, this incident in whatever form they occur remain a very permanent mark in the life of any victim.

Put in differently, neurologically pathways are information reservoirs and memory synapses that can be injured and therefore revert to pain and in the failure of the victim to overcome it, it reverts to suffering.

One of the more enduring problems of human sex hormones is the ability of the body to reproduce. It is not a mystery that we age in time and the reasons are well known, however, we wonder at the reasons why release of protein from the body through the reproductive systems, for instance the male through the penis elixirs such joy in coming.

You utterly wasted after half an hour and need another half to recover and then a wasting and circle is repeated. Perhaps the statement bring to mind some ancient saying that sex was no less than what it is a process of transduction, a process of nihilistic reduction that gives the impression death, dying and perhaps a rejuvenation.

 This type-cast is not new in psychology that reproduction was also a process of decay and death.

All life is death - all nature decay – is perhaps within the meaning that the release of any energy is comingled to some ultimate oblivion, but we are aware of this transition since from our rejuvenation we notice a difference. Eventually it comes to an end, but for trying, life continues. What we are looking at is what happens to a body when it is already in very bad state – at least approached puberty and then the unstoppable and immortalization nerve ponding hormones to let go. Sex at this statement may be enjoyable – even for another 60 years of its career where people share stories of their past, and who shared with whom, when, and how.

The issue is that the brain is best able to release any hints of pleasure or so called pleasure because it has matured and the release of energy for any number of reason would be a new and released tendency which the nerves and the body experiences and for the men, releasing the spermatozoa, was a form of life from decay and that injures a part of the buried neurological information which the brain in adaptive episodes of the environment is forced to reverse triggering a release which the body experiences for a moment as a kindly sensation.

For a fact that experience this new decay with its primary    

Put it differently, if we, for instance the men, as perhaps the women, began like urethra to release this liquid and protein from the body at a very early age, almost from childbirth, like the urine and the effects whose pleasurable release still linger till old age, sex and release of spermatozoa may or may be that desirable and pleasurable.

It is true that the author has made some careful ovation on the plurality of unemployment and human habits and has written about unemployment process and the demands of being a patient as equal and similar, but being a patient of habit does not arise from unemployment but the brain like the human body can souse its elder injuries and memories buried deep.

The intellectual approach for instance to the lasting issue of American urban life and perpetual underclass – if any – is a surgical procedure into the past with no intentions of removing the cancer with no means of advising new models from old. In some sense, human habits begin with unusual experience and ends differently.

In command of this basic understanding on how for sexual experience for instance rape injures the brain, we see from a matter better choice which can hold its ground to the end and the serious problem of injuries to the body of the least suspecting individual.

The main fact is that rape as a war material does not disfigure from humbling psychological processes especially when past and forgotten experience is soused without notice.

A harshly spoken word to a life-long partner can conjure dislocating images from the past, can injure and sometimes per-force behavioral aptitude no longer at least with normal people whose behaviors are equally exaggerated. But these individuals may choose to perhaps prolong their pain or exaggerate the injury which others inflicted on them. 

But the discomfiture do not deny the acceptance that some injuries are necessary, but a riddle or perhaps a joke, bitter revelations and perhaps truth can be handled differently and with wry and aplomb.

Altogether, the leading psychological indexing and principle vicar reasons for using a therapy is to expose the more hidden and more reserved bunion of original intents and ugly past which determines an existence and in various aspects suffers us from exercising psychological freedom. 

 There is an error among the eagles of human psychology that tends to emphasize over-active psychology and loud display as a psychology dimension worthy of some treatment, perhaps a form of embolism and anal penetration and other forms of Freudian sexual therapy for hysteria which does not meet the intent for such a therapy.

For some reasons, the past through which we see the future is psychological reversed, does not mean that we see it the future from the past only upside down, rather there is some experience about the past we see from a time light no longer at ease. It is a classic case of sense defense and perhaps the most idea behind the issues of self-preservation – argued by first class psychologist such as Henry James as the one most enduring laws of nature.

But the parallax error is mistaken as obviate mathematical of logical proceeding, and we bargain that the logical inertia which catapults an oneiric from a first speak of human intuition and sensory experiences send us from the center of inner gravity to a future that is not exactly possible without our presence.

For all intended purpose this experience and the reserve –psychology as from Michael Fouquet (?) is sensation is one vitae, a vista that excludes the irrelevant from the vastly unusual and allows the better part of human nature or like Pinker’s ‘Better Angels’ meet us at center of social discourse and in narrating human reaction to human situation, we create a hero from the past.

What is the struggle of understanding human beings since the creation of the very divine logos – which George Steiner once argued to have started perhaps in the Garden of Eden or when Adam heard the first voice or perhaps as I argued that it was buried in Adam’s response to the question.

In all reality, we could bend backwards on the assumptions we are part of an experience that higher but the experience in all probability is either an injury to what we are used to or an exercise that has no meeting point saving the purpose it serves. It imposes a reasonable doubt scenario to a position taken by any group of experts on any subject under the sky that the assumptions and final results are perhaps the better judge of any recommendations- however primitive and however bitter.

For sure the few, who recover in Health Science industries from even the least forms of relapsing, are not just grateful but are sometimes with the assurance the least came with the most and sometime unnecessary sacrifice. Be-deviled from a therapy which we all need, we experience great difficulties in straying from a record and perhaps a history and above all, we stray only slightly from hints of contamination within the scope of decision making process.

Habits are a conscious departure from routine is not routine as conscious departure from process. It looks to suggest here that acquired human behavior is usually susceptible is pruning the determinative fiber of once psychology, the past, the infancy, the experiences of a tender age and psycho-analysis of a gifted redoubtable serve a purpose in understanding human experiences.

But the inoculation which it prunes is not an article of history or should be relegated to Psychology or forms the basic oasis of human ineluctable. It seems to do at better ends of experience, as part of recollection but tethers on some humbling experiences – this humbling process is better placed from human experience, and the patient struggles against time to let go but in the end, experiences something varied but not the same in some far we can argue against the very discipline of psychology.

Housing and Black Business Community in Austin

By




Sampson Onwuka





Italian roterie - tango bianco.


It may seem unusual to state that the picture above is gradually common place in the City of Austin,


Texas especially in its downtown areas. It impales against the resistance to low cost housing which is


sourly needed in the Capital City.




Yet in all, some of the more grasping problems of Austin Texas and Real Estate is the price range


which suffer futuristic, meaning that real estate is booming but it is approaching a plateau in a short


term, it may or may not face a long term profit.






A team of professionals from Greater Austin Chamber of Commerce.












Chamber of Commerce all of over the world is generally concerned with traveling and


accommodation of visiting professionals. Accommodation is no longer the case and the criticism


that follows makes difficult to develop an organizing plan for a City and its Planners. I take a leaf


from Greater Austin Chamber of Commerce and African American Chamber of Commerce that is the


loose-leaf is half staff with slightly demoted and alienable agenda. It holds its ground against others


and it is not for fancy when lectures on economic advantage and empowerment is active and no video


games.




The main issue is whether or not investment can move to the City of Austin through promotional


guarantees of any kind and how well it compares and contracts with the rest of the Country and the


World. Do these chambers of commerce promote even a Ph.D. studies on Austin and Texas and do


join other Citizens for Justice in Austin and in search of financial prosperity and investment. Austin


African America community is no Charlotte, North Carolina, no Baltimore Maryland or P.G County


Maryland, it is closer to Raleigh and like Albany, New York, it seems that minority businesses in


City Capitols do not really grasp the weight of responsibility and struggle which reaches the


International and local without breaking the gold chain of income.




The total wealth of nation’s resources it’s defined by its social security wealth, and by the longer


term structure of existing financial, the issue of small scale administration gives a better and


sometimes leave on what is happening in Austin Texas and perhaps elsewhere as the case may be. It


forms a new and better grasp of equilibrium distribution in areas such as Credit, in terms of


International investment and like place such as Dubai, a functional office with exchange priority,


advice and think tank, explains the total benefit structure of Austin do reliant on real estate. 
  

Ronald Coarse and Disclosure act or in terms of principal economic factors such as George Stieglitz


who is not said anywhere to have intervened when FHA adopted HOLC’s ratings guiding Mortgage


insurances, what happened has never been explained carefully and successfully, for instance,


private businesses and individual including banks in Chicago and New York used Red ink to


demarcate the neighborhoods that were considered poor.

It hastened the decline of prices in the areas due to neglect, and given it’s gradually take on GDP


and it was no shock specific did not indicate some of the transition that has occurred in any city.




The Housing Act of 1934, Housing Act of 1937, created specific funds for consumption, especially in


terms of the buildings which were appropriated by the ensuing legal threshold of Association of


Community Organization for Reform Now (ACORN), the Community Re-investment Act, and Home


Mortgage Disclosure Act (HMDA), which for some of us was a welcome issue in understanding


Chicago in the late 30’s and 40’s.

In the end, a Chamber of Commerce - the Black Chamber of Commerce should consider some of the


assumptions in discussing the spread of human population and its labors for better life, for instance,


the American example of Mortgage Disclosure and Community Re-investment Act.