This idea—that by committing to buy a product early, you can help bring it to market faster —was first pioneered in the field of medicine. In 2010, a set of donors committed $1.5 billion to buy doses of a vaccine for Streptococcus pneumoniae before it had been invented. That “advanced market commitment,” as it’s called, spurred the rapid invention... See more
Instead of empowering communities that most suffered under urban renewal, the local-review process has again privileged wealthier people who routinely block new projects, and many of the projects that do get built are in poorer areas.
If office occupancy never recovers, downtown areas will experience an extended ice age. Emptier offices will mean fewer lunches at downtown restaurants, fewer happy hours, fewer window shoppers, fewer subway and bus trips, and less work for cleaning, security, and maintenance services. This means weaker downtown economies and less taxable income... See more
Speed and efficiency are the promise of modernity. But speed and efficiency are all destination and no journey. And it is journey that gives life meaning.